XML 63 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
Financing Arrangements and Derivative Financial Instruments - Credit Facilities Textual (Details)
6 Months Ended
Apr. 07, 2016
USD ($)
Jun. 30, 2016
EUR (€)
Jun. 30, 2016
USD ($)
Jun. 30, 2016
AUD
Apr. 06, 2016
USD ($)
Dec. 31, 2015
EUR (€)
Dec. 31, 2015
USD ($)
Line of Credit Facility [Line Items]              
Carrying amount — liability     $ 6,047,000,000       $ 5,611,000,000
$2.0 billion First Lien Revolving Credit Facility due 2017 | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity         $ 2,000,000,000.0    
$2.0 billion First Lien Revolving Credit Facility due 2017 | Revolving Credit Facility | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity     2,000,000,000.0       2,000,000,000.0
$2.0 Billion First Lien Revolving Credit Facility due 2021 | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity     2,000,000,000.0        
Additional borrowing capacity which may be requested from lenders     250,000,000        
Borrowing capacity description   Availability under the facility is subject to a borrowing base, which is based primarily on (i) eligible accounts receivable and inventory of The Goodyear Tire & Rubber Company and certain of its U.S. and Canadian subsidiaries, (ii) the value of our principal trademarks, and (iii) certain cash in an amount not to exceed $200 million. To the extent that our eligible accounts receivable and inventory and other components of the borrowing base decline in value, our borrowing base will decrease and the availability under the facility may decrease below $2.0 billion.          
Borrowing base amount below stated amount     249,000,000        
$2.0 Billion First Lien Revolving Credit Facility due 2021 | Letter of Credit | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity     800,000,000        
Debt instrument, reduction of interest rate 0.25%            
Letters of credit outstanding     127,000,000       315,000,000
$2.0 Billion First Lien Revolving Credit Facility due 2021 | Revolving Credit Facility | Line of Credit              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate 1.25%            
Maximum borrowing base increase based on value of certain cash $ 200,000,000            
Carrying amount — liability     530,000,000       0
Amount outstanding     530,000,000        
Bilateral Letter of Credit Agreements              
Line of Credit Facility [Line Items]              
Letters of credit outstanding     186,000,000        
Second Lien Term Loan Facility due 2019 | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Additional borrowing capacity which may be requested from lenders     300,000,000        
Carrying amount — liability     598,000,000       598,000,000
Debt instrument, collateral description   Our obligations under our second lien term loan facility are guaranteed by most of our wholly-owned U.S. and Canadian subsidiaries and are secured by second priority security interests in the same collateral securing the $2.0 billion first lien revolving credit facility.          
European Revolving Credit Facility | Letter of Credit | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   € 50,000,000          
Letters of credit outstanding     0     € 0  
European Revolving Credit Facility | Revolving Credit Facility | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   550,000,000          
Amount outstanding             0
European Revolving Credit Facility | German Tranche | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   125,000,000          
Amount outstanding   0 0        
European Revolving Credit Facility | All-borrower Tranche | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   425,000,000          
Amount outstanding   60,000,000 67,000,000        
European Revolving Credit Facility | Swingline Loan | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   150,000,000          
Pan-European Accounts Receivable Facility | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   340,000,000          
Carrying amount — liability   € 239,000,000 266,000,000     115,000,000 125,000,000
Debt instrument, collateral description   Utilization under this facility is based on eligible receivable balances          
Expiration date   Sep. 25, 2019          
Current borrowing capacity   € 239,000,000 266,000,000     € 254,000,000 276,000,000
Australia Accounts Receivable Securitization Facility | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity     52,000,000 AUD 70,000,000      
Debt instrument, collateral description   The receivables sold under this program also serve as collateral for the related facility.          
Current borrowing capacity     33,000,000       34,000,000
Amount outstanding     20,000,000       19,000,000
Accounts Receivable Factoring Facilities | Secured Debt              
Line of Credit Facility [Line Items]              
Off-balance sheet receivables sold     277,000,000       299,000,000
Chinese Credit Facilities | Secured Debt              
Line of Credit Facility [Line Items]              
Amount outstanding     388,000,000       465,000,000
Unused availability     65,000,000        
Restricted cash related to funds obtained under credit facilities     $ 3,000,000       $ 11,000,000
Minimum | Pan-European Accounts Receivable Facility | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   € 45,000,000          
Minimum | Australia Accounts Receivable Securitization Facility | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | AUD       60,000,000      
Maximum | Pan-European Accounts Receivable Facility | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | €   € 450,000,000          
Maximum | Australia Accounts Receivable Securitization Facility | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Maximum borrowing capacity | AUD       AUD 85,000,000      
London Interbank Offered Rate (LIBOR) | European Revolving Credit Facility | Revolving Credit Facility | Line of Credit              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   1.75%          
London Interbank Offered Rate (LIBOR) | Minimum | Second Lien Term Loan Facility due 2019 | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   0.75%          
London Interbank Offered Rate (LIBOR) | Maximum | Second Lien Term Loan Facility due 2019 | Secured Debt | Line of Credit              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   3.00%          
European Interbank Offer Rate (Euribor) | European Revolving Credit Facility | Revolving Credit Facility | Line of Credit              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   1.75%