Changes in Shareholders' Equity

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

CHANGES IN SHAREHOLDERS’ EQUITY

The following tables present the changes in shareholders’ equity for the three months ended March 31, 2017 and 2016:

	March 31, 2017								March 31, 2016
(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	$	4,507		$	218	$	4,725		$	3,920		$	222		$	4,142
Comprehensive income (loss):
Net income	166			3		169			184			5			189
Foreign currency translation, net of tax of $3 in 2017 ($17 in 2016)	78			6		84			53			7			60
Amortization of prior service cost and unrecognized gains (losses) included in total benefit cost, net of tax of $10 in 2017 ($8 in 2016)	20			—		20			16			—			16
Decrease in net actuarial losses, net of tax of $1 in 2017 (($1) in 2016)	4			—		4			—			—			—
Deferred derivative gains (losses), net of tax of ($2) in 2017 (($1) in 2016)	(6		)	—		(6		)	(6		)	—			(6		)
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2017 (($1) in 2016)	(1		)	—		(1		)	(3		)	—			(3		)
Other comprehensive income (loss)	95			6		101			60			7			67
Total comprehensive income (loss)	261			9		270			244			12			256
Dividends declared to minority shareholders	—			—		—			—			(6		)	(6		)
Stock-based compensation plans (Note 10)	6			—		6			7			—			7
Repurchase of common stock (Note 12)	(25		)	—		(25		)	(50		)	—			(50		)
Dividends declared (Note 12)	(25		)	—		(25		)	(19		)	—			(19		)
Common stock issued from treasury	9			—		9			2			—			2
Balance at end of period	$	4,733		$	227	$	4,960		$	4,104		$	228		$	4,332