Reclassifications out of Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2017

Reclassifications out of Accumulated Other Comprehensive Loss [Abstract]

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents changes in Accumulated Other Comprehensive Loss (AOCL), by component, for the six months ended June 30, 2017 and 2016:

(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2016	$	(1,155	)	$	(3,053	)	$	10		$	(4,198	)
Other comprehensive income (loss) before reclassifications	121			3			(14		)	110
Amounts reclassified from accumulated other comprehensive loss	—			39			(3		)	36
Balance at June 30, 2017	$	(1,034	)	$	(3,011	)	$	(7	)	$	(4,052	)
	Foreign Currency Translation Adjustment			Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2015	$	(946	)	$	(3,071	)	$	7		$	(4,010	)
Other comprehensive income (loss) before reclassifications	5			1			3			9
Amounts reclassified from accumulated other comprehensive loss	—			47			(8		)	39
Balance at June 30, 2016	$	(941	)	$	(3,023	)	$	2		$	(3,962	)

The following table presents reclassifications out of Accumulated Other Comprehensive Loss:

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions) (Income) Expense	2017			2016			2017			2016
Component of AOCL	Amount Reclassified from AOCL						Amount Reclassified from AOCL						Affected Line Item in the Consolidated Statements of Operations
Amortization of prior service cost and unrecognized gains and losses	$	30		$	24		$	60		$	48		Total Benefit Cost
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	—			15			—			15			Total Benefit Cost
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	$	30		$	39		$	60		$	63
Tax effect	(11		)	(8		)	(21		)	(16		)	United States and Foreign Taxes
Net of tax	$	19		$	31		$	39		$	47		Goodyear Net Income
Deferred Derivative (Gains) Losses, before tax	$	(2	)	$	(6	)	$	(4	)	$	(10	)	Cost of Goods Sold
Tax effect	—			1			1			2			United States and Foreign Taxes
Net of tax	$	(2	)	$	(5	)	$	(3	)	$	(8	)	Goodyear Net Income
Total reclassifications	$	17		$	26		$	36		$	39		Goodyear Net Income

Amortization of prior service cost and unrecognized gains and losses are included in the computation of total benefit cost. For further information, refer to Note to the Consolidated Financial Statements No. 9, Pension, Savings and Other Postretirement Benefit Plans, in this Form 10-Q and No. 17, Pension, Other Postretirement Benefits and Savings Plans, in our 2016 Form 10-K.