Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and Cash Equivalents	$ 961	$ 1,132
Accounts Receivable, less Allowance — $105 ($101 in 2016)	2,270	1,769
Inventories:
Raw Materials	479	436
Work in Process	148	131
Finished Products	2,218	2,060
Total Inventory	2,845	2,627
Prepaid Expenses and Other Current Assets	249	190
Total Current Assets	6,325	5,718
Goodwill	545	535
Intangible Assets	136	136
Deferred Income Taxes	2,371	2,414
Other Assets	682	668
Property, Plant and Equipment, less Accumulated Depreciation — $9,361 ($9,125 in 2016)	7,135	7,040
Total Assets	17,194	16,511
Current Liabilities:
Accounts Payable-Trade	2,631	2,589
Compensation and Benefits	568	584
Other Current Liabilities	1,040	963
Notes Payable and Overdrafts	217	245
Long Term Debt and Capital Leases due Within One Year	459	436
Total Current Liabilities	4,915	4,817
Long Term Debt and Capital Leases	5,257	4,798
Compensation and Benefits	1,392	1,460
Deferred Income Taxes	86	85
Other Long Term Liabilities	584	626
Total Liabilities	12,234	11,786
Commitments and Contingent Liabilities
Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares — 252 million in 2017 and 2016 after deducting 26 million treasury shares in 2017 and 2016	252	252
Capital Surplus	2,635	2,645
Retained Earnings	5,949	5,808
Accumulated Other Comprehensive Loss	(4,103)	(4,198)
Goodyear Shareholders’ Equity	4,733	4,507
Minority Shareholders’ Equity — Nonredeemable	227	218
Total Shareholders’ Equity	4,960	4,725
Total Liabilities and Shareholders’ Equity	$ 17,194	$ 16,511

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.