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Changes in Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Changes In Shareholders' Equity
The following tables present the changes in shareholders’ equity for the nine months ended September 30, 2016 and 2015:
 
September 30, 2016
 
September 30, 2015
(In millions)
Goodyear
Shareholders’ Equity
 
Minority
Shareholders’
Equity – Nonredeemable
 
Total
Shareholders’ Equity
 
Goodyear
Shareholders’ Equity
 
Minority
Shareholders’
Equity – Nonredeemable
 
Total
Shareholders’ Equity
Balance at beginning of period
$
3,920

 
$
222

 
$
4,142

 
$
3,610

 
$
235

 
$
3,845

Comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Net income
703

 
14

 
717

 
687

 
19

 
706

Foreign currency translation, net of tax of $17 in 2016 (($42) in 2015)
(7
)
 
2

 
(5
)
 
(140
)
 
(27
)
 
(167
)
Reclassification adjustment for amounts recognized in income, net of tax of $0 in 2016 and 2015

 

 

 
2

 

 
2

Amortization of prior service cost and unrecognized gains (losses) included in total benefit cost, net of tax of $24 in 2016 ($27 in 2015)
49

 

 
49

 
53

 

 
53

Decrease in net actuarial losses, net of tax of $0 in 2016 ($11 in 2015)
2

 

 
2

 
22

 

 
22

Immediate recognition of prior service cost and unrecognized gains (losses) due to curtailments, settlements, and divestitures, net of tax of $0 in 2016 ($0 in 2015)
15

 

 
15

 
2

 

 
2

Deferred derivative gains (losses), net of tax of $0 in 2016 ($3 in 2015)
(1
)
 

 
(1
)
 
14

 

 
14

Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2016 (($2) in 2015)
(5
)
 

 
(5
)
 
(17
)
 

 
(17
)
Unrealized investment (losses) gains, net of tax of $0 in 2016 ($1 in 2015)

 

 

 
(3
)
 

 
(3
)
Other comprehensive income (loss)
53

 
2

 
55

 
(67
)
 
(27
)
 
(94
)
Total comprehensive income (loss)
756

 
16

 
772

 
620

 
(8
)
 
612

Adoption of new accounting standard (Note 1)
56

 

 
56

 

 

 

Dividends declared to minority shareholders

 
(11
)
 
(11
)
 

 
(8
)
 
(8
)
Stock-based compensation plans (Note 10)
18

 

 
18

 
15

 

 
15

Repurchase of common stock (Note 12)
(200
)
 

 
(200
)
 
(82
)
 

 
(82
)
Dividends declared (Note 12)
(82
)
 

 
(82
)
 
(49
)
 

 
(49
)
Common stock issued from treasury
9

 

 
9

 
29

 

 
29

Balance at end of period
$
4,477

 
$
227

 
$
4,704

 
$
4,143

 
$
219

 
$
4,362

Changes in Minority Equity Presented Outside of Shareholders' Equity
The following table presents changes in Minority Equity presented outside of Shareholders’ Equity:
 
Three Months Ended
Nine Months Ended
 
September 30,
September 30,
(In millions)
2015
2015
Balance at beginning of period
$
569

$
582

Comprehensive income (loss):
 
 
Net income
27

43

Foreign currency translation, net of tax of $0 and $0 in 2015
(6
)
(38
)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 and $0 in 2015
1

3

Decrease (increase) in net actuarial losses, net of tax of $0 and $0 in 2015

2

Deferred derivative gains (losses), net of tax of $0 and $0 in 2015
1

2

Reclassification adjustment for amounts recognized in income, net of tax of $0 and $0 in 2015
(2
)
(4
)
Other comprehensive (loss) income
(6
)
(35
)
Total comprehensive income (loss)
21

8

Balance at end of period
$
590

$
590