Changes in Shareholders' Equity

6 Months Ended

Jun. 30, 2017

CHANGES IN SHAREHOLDERS’ EQUITY

The following tables present the changes in shareholders’ equity for the six months ended June 30, 2017 and 2016:



	June 30, 2017									June 30, 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	313			10			323			386			11			397
Foreign currency translation, net of tax of $19 in 2017 ($14 in 2016)	121			13			134			5			2			7
Amortization of prior service cost and unrecognized gains (losses) included in total benefit cost, net of tax of $21 in 2017 ($16 in 2016)	39			—			39			32			—			32
Decrease in net actuarial losses, net of tax of $1 in 2017 ($0 in 2016)	3			—			3			1			—			1
Immediate recognition of prior service cost and unrecognized gains (losses) due to curtailments, settlements, and divestitures, net of tax of $0 in 2017 and 2016	—			—			—			15			—			15
Deferred derivative gains (losses), net of tax of ($7) in 2017 ($0 in 2016)	(14		)	—			(14		)	3			—			3
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2017 (($2) in 2016)	(3		)	—			(3		)	(8		)	—			(8		)
Other comprehensive income	146			13			159			48			2			50
Total comprehensive income	459			23			482			434			13			447
Dividends declared to minority shareholders	—			(5		)	(5		)	—			(9		)	(9		)
Stock-based compensation plans (Note 10)	12			—			12			13			—			13
Repurchase of common stock (Note 12)	(30		)	—			(30		)	(150		)	—			(150		)
Dividends declared (Note 12)	(50		)	—			(50		)	(38		)	—			(38		)
Common stock issued from treasury	11			—			11			3			—			3
Balance at end of period	$	4,909		$	236		$	5,145		$	4,182		$	226		$	4,408