10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2017

Commission File Number: 1-1927

THE GOODYEAR TIRE & RUBBER COMPANY

(Exact Name of Registrant as Specified in Its Charter)

Ohio (State or Other Jurisdiction of Incorporation or Organization)	34-0253240 (I.R.S. Employer Identification No.)
200 Innovation Way, Akron, Ohio (Address of Principal Executive Offices)	44316-0001 (Zip Code)

(330) 796-2121

(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes þ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes þ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ	Accelerated filer o	Non-accelerated filer o	Smaller reporting company o	Emerging growth company o
		(Do not check if a smaller reporting company)

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o No þ

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.

Number of Shares of Common Stock,
Without Par Value, Outstanding at September 30, 2017: 246,327,106

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
	ITEM 1. FINANCIAL STATEMENTS
	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
	ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
	ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
	ITEM 4. CONTROLS AND PROCEDURES
PART II. OTHER INFORMATION
	ITEM 1. LEGAL PROCEEDINGS
	ITEM 1A. RISK FACTORS
	ITEM 2. UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS
EX-10.1
EX-10.2
EX-12.1
EX-31.1
EX-31.2
EX-32.1
EX-101 INSTANCE DOCUMENT
EX-101 SCHEMA DOCUMENT
EX-101 CALCULATION LINKBASE DOCUMENT
EX-101 LABELS LINKBASE DOCUMENT
EX-101 PRESENTATION LINKBASE DOCUMENT
EX-101 DEFINITION LINKBASE DOCUMENT

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions, except per share amounts)	2017		2016			2017		2016
Net Sales	$	3,921	$	3,847		$	11,306	$	11,417
Cost of Goods Sold	3,069		2,736			8,626		8,250
Selling, Administrative and General Expense	556		599			1,718		1,807
Rationalizations (Note 2)	46		135			102		194
Interest Expense	84		90			260		285
Other (Income) Expense (Note 3)	4		(23		)	9		3
Income before Income Taxes	162		310			591		878
United States and Foreign Taxes (Benefit) Expense (Note 4)	30		(10		)	136		161
Net Income	132		320			455		717
Less: Minority Shareholders’ Net Income	3		3			13		14
Goodyear Net Income	$	129	$	317		$	442	$	703
Goodyear Net Income — Per Share of Common Stock
Basic	$	0.52	$	1.21		$	1.76	$	2.66
Weighted Average Shares Outstanding (Note 5)	250		262			251		264
Diluted	$	0.50	$	1.19		$	1.73	$	2.62
Weighted Average Shares Outstanding (Note 5)	254		266			255		268
Cash Dividends Declared Per Common Share (Note 12)	$	0.10	$	0.17		$	0.30	$	0.31

The accompanying notes are an integral part of these consolidated financial statements.

- 1-

THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Net Income	$	132		$	320		$	455		$	717
Other Comprehensive Income (Loss):
Foreign currency translation, net of tax of $25 and $44 in 2017 ($3 and $17 in 2016)	35			(12		)	169			(5		)
Defined benefit plans:
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $10 and $31 in 2017 ($8 and $24 in 2016)	18			17			57			49
(Increase)/Decrease in net actuarial losses, net of tax of ($16) and ($15) in 2017 ($0 and $0 in 2016)	(26		)	1			(23		)	2
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures, net of tax of $9 and $9 in 2017 ($0 and $0 in 2016)	15			—			15			15
Deferred derivative losses, net of tax of ($2) and ($9) in 2017 ($0 and $0 in 2016)	(5		)	(1		)	(19		)	(1		)
Reclassification adjustment for amounts recognized in income, net of tax of $0 and ($1) in 2017 ($0 and ($1) in 2016)	1			—			(2		)	(5		)
Other Comprehensive Income	38			5			197			55
Comprehensive Income	170			325			652			772
Less: Comprehensive Income Attributable to Minority Shareholders	4			3			27			16
Goodyear Comprehensive Income	$	166		$	322		$	625		$	756

The accompanying notes are an integral part of these consolidated financial statements.

- 2-

THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 30,			December 31,
(In millions)	2017			2016
Assets:
Current Assets:
Cash and Cash Equivalents	$	822		$	1,132
Accounts Receivable, less Allowance — $119 ($101 in 2016)	2,672			1,769
Inventories:
Raw Materials	463			436
Work in Process	145			131
Finished Products	2,383			2,060
	2,991			2,627
Prepaid Expenses and Other Current Assets	242			190
Total Current Assets	6,727			5,718
Goodwill	587			535
Intangible Assets	137			136
Deferred Income Taxes (Note 4)	2,356			2,414
Other Assets	714			668
Property, Plant and Equipment, less Accumulated Depreciation — $9,945 ($9,125 in 2016)	7,331			7,040
Total Assets	$	17,852		$	16,511
Liabilities:
Current Liabilities:
Accounts Payable — Trade	$	2,624		$	2,589
Compensation and Benefits (Notes 9 and 10)	582			584
Other Current Liabilities	1,062			963
Notes Payable and Overdrafts (Note 7)	276			245
Long Term Debt and Capital Leases due Within One Year (Note 7)	378			436
Total Current Liabilities	4,922			4,817
Long Term Debt and Capital Leases (Note 7)	5,737			4,798
Compensation and Benefits (Notes 9 and 10)	1,459			1,460
Deferred Income Taxes (Note 4)	91			85
Other Long Term Liabilities	522			626
Total Liabilities	12,731			11,786
Commitments and Contingent Liabilities (Note 11)
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares — 246 and 252 million in 2017 and 2016 after deducting 32 and 26 million treasury shares in 2017 and 2016	246			252
Capital Surplus	2,476			2,645
Retained Earnings	6,175			5,808
Accumulated Other Comprehensive Loss	(4,015		)	(4,198		)
Goodyear Shareholders’ Equity	4,882			4,507
Minority Shareholders’ Equity — Nonredeemable	239			218
Total Shareholders’ Equity	5,121			4,725
Total Liabilities and Shareholders’ Equity	$	17,852		$	16,511

The accompanying notes are an integral part of these consolidated financial statements.

- 3-

THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Nine Months Ended
	September 30,
(In millions)	2017			2016
Cash Flows from Operating Activities:
Net Income	$	455		$	717
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:
Depreciation and Amortization	586			536
Amortization and Write-Off of Debt Issuance Costs	17			24
Provision for Deferred Income Taxes	33			31
Net Pension Curtailments and Settlements	13			13
Net Rationalization Charges (Note 2)	102			194
Rationalization Payments	(96		)	(68		)
Net (Gains) Losses on Asset Sales (Note 3)	(14		)	(28		)
Pension Contributions and Direct Payments	(67		)	(71		)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:
Accounts Receivable	(807		)	(570		)
Inventories	(254		)	(236		)
Accounts Payable — Trade	5			(144		)
Compensation and Benefits	(27		)	(68		)
Other Current Liabilities	(51		)	11
Other Assets and Liabilities	(49		)	(51		)
Total Cash Flows from Operating Activities	(154		)	290
Cash Flows from Investing Activities:
Capital Expenditures	(683		)	(711		)
Asset Dispositions (Note 3)	9			13
Short Term Securities Acquired	(51		)	(46		)
Short Term Securities Redeemed	51			34
Other Transactions	(1		)	2
Total Cash Flows from Investing Activities	(675		)	(708		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	544			219
Short Term Debt and Overdrafts Paid	(523		)	(99		)
Long Term Debt Incurred	4,972			4,129
Long Term Debt Paid	(4,193		)	(4,025		)
Common Stock Issued	12			9
Common Stock Repurchased (Note 12)	(205		)	(200		)
Common Stock Dividends Paid (Note 12)	(75		)	(56		)
Transactions with Minority Interests in Subsidiaries	(6		)	(9		)
Debt Related Costs and Other Transactions	(69		)	(77		)
Total Cash Flows from Financing Activities	457			(109		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	51			25
Net Change in Cash, Cash Equivalents and Restricted Cash	(321		)	(502		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	1,189			1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period	$	868		$	1,000

The accompanying notes are an integral part of these consolidated financial statements.

- 4-

THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1. ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared by The Goodyear Tire & Rubber Company (the “Company,” “Goodyear,” “we,” “us” or “our”) in accordance with Securities and Exchange Commission rules and regulations and generally accepted accounting principles in the United States of America ("US GAAP") and in the opinion of management contain all adjustments (including normal recurring adjustments) necessary to fairly state the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016 (the “2016 Form 10-K”).

Operating results for the three and nine months ended September 30, 2017 are not necessarily indicative of the results expected in subsequent quarters or for the year ending December 31, 2017.

Recently Adopted Accounting Standards

Effective January 1, 2017, we adopted an accounting standards update with new guidance on the transition to the equity method of accounting. The new guidance eliminates the requirement for an investor to retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. Instead, the investor is required to apply the equity method prospectively from the date the investment qualifies for the equity method. In addition, an entity that has an available-for-sale equity security that becomes qualified for the equity method must recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment qualifies for the equity method. The adoption of this standards update did not impact our consolidated financial statements.

Effective January 1, 2017, we adopted an accounting standards update with new guidance on the measurement of inventory. Inventory within the scope of this update is required to be measured at the lower of its cost or net realizable value, with net realizable value being the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The adoption of this standards update did not impact our consolidated financial statements.

Effective January 1, 2017, we early adopted an accounting standards update with new guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update provides guidance on eight specific cash flow issues. As a result of the adoption, premiums for debt extinguishment of $53 million were reclassified from Operating Activities to Financing Activities in the statement of cash flows for the nine months ended September 30, 2016. The other seven specific cash flow issues were either not applicable to Goodyear or the treatment has not changed from our current practice.

Effective January 1, 2017, we early adopted an accounting standards update with new guidance on the presentation of restricted cash in the statement of cash flows. The standards update requires that the reconciliation of the beginning and end of period cash amounts shown in the statement of cash flows include restricted cash. When restricted cash is presented separately from cash and cash equivalents on the balance sheet, a reconciliation is required between the amounts presented on the statement of cash flows and the balance sheet. Also, the new guidance requires the disclosure of information about the nature of the restrictions. The restricted cash balances as of September 30, 2017, December 31, 2016, and September 30, 2016 were $46 million, $57 million and $25 million, respectively.

Recently Issued Accounting Standards

In August 2017, the Financial Accounting Standards Board ("FASB") issued an accounting standards update with new guidance intended to reduce complexity in hedge accounting and make hedge results easier to understand. This includes simplifying how hedge results are presented and disclosed in the financial statements, expanding the types of hedge strategies allowed and providing relief around the documentation and assessment requirements. The standards update is effective using a modified retrospective approach, with the presentation and disclosure guidance required prospectively, for fiscal years and interim periods beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact of this standards update on our consolidated financial statements.

In May 2017, the FASB issued an accounting standards update with new guidance to clarify when changes to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires the application of modification accounting if the value, vesting conditions or classification of the award changes. The standards update is effective prospectively for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted. The adoption of this standards update is not expected to impact our consolidated financial statements.

- 5-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

In March 2017, the FASB issued an accounting standards update intended to improve the financial statement presentation of pension and postretirement benefits cost. The standards update requires employers that offer defined benefit pension or other postretirement benefit plans to report service cost in the same income statement line as compensation costs and to report non-service related costs separately from service cost outside a sub-total of income from operations, if one is presented. Currently, the Company records both service and non-service related costs in selling, administrative and general expense ("SAG") and cost of goods sold ("CGS"), as appropriate. Under the new standard, non-service related costs, which are expected to total approximately $70 million for full-year 2017, will be recorded in Other (Income) Expense. In addition, the new guidance allows only service cost to be capitalized. The standards update is effective retrospectively for the financial statement presentation of benefits cost and prospectively for the capitalization of service cost for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted.

In January 2017, the FASB issued an accounting standards update with new guidance intended to simplify the subsequent measurement of goodwill. The standards update eliminates the requirement for an entity to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, an entity will perform its annual, or interim, goodwill impairment testing by comparing the fair value of a reporting unit with its carrying amount and recording an impairment charge for the amount by which the carrying amount exceeds the fair value. The standards update is effective prospectively for annual and interim goodwill impairment testing performed in fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption of this standards update is not expected to impact our consolidated financial statements.

In October 2016, the FASB issued an accounting standards update with new guidance on the accounting for the income tax consequences of intra-entity transfers of assets other than inventory, including the elimination of the prohibition on recognition of current and deferred income taxes on such transfers. The standards update is effective using the modified retrospective approach for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted.  The adoption of this standards update is not expected to have a material impact on our consolidated financial statements.

In February 2016, the FASB issued an accounting standards update with new guidance intended to increase transparency and comparability among organizations relating to leases.  Lessees will be required to recognize a liability to make lease payments and a right-of-use asset representing the right to use the underlying asset for the lease term.  The FASB retained a dual model for lease classification, requiring leases to be classified as finance or operating leases to determine recognition in the statements of operations and cash flows; however, substantially all leases will be required to be recognized on the balance sheet.  Lessor accounting is largely unchanged from the current accounting model.  The standards update will also require quantitative and qualitative disclosures regarding key information about leasing arrangements. The standards update is effective using the modified retrospective approach for fiscal years and interim periods beginning after December 15, 2018, with early adoption permitted. The standard provides for certain practical expedients. The transition will require application at the beginning of the earliest comparative period presented at the time of adoption. We are substantially complete with aggregating our worldwide lease contracts, are in the process of evaluating these lease contracts and are in the early stages of implementing a new lease accounting system to support the accounting and disclosure requirements of this standards update. The adoption of this standards update is expected to have a material impact on our financial statements as the Company has significant operating lease commitments that are off-balance sheet in accordance with current US GAAP.

In May 2014, the FASB issued an accounting standards update with new guidance on recognizing revenue from contracts with customers.  The standards update outlines a single comprehensive model for entities to utilize to recognize revenue when it transfers goods or services to customers in an amount that reflects the consideration that will be received in exchange for the goods and services.  Additional disclosures will also be required to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In 2016, the FASB issued several amendments which provide clarification, additional guidance, practical expedients and technical corrections. In August 2015, the FASB deferred the effective date of this standards update to fiscal years beginning after December 15, 2017, with early adoption permitted on the original effective date of fiscal years beginning after December 15, 2016. The standard permits the use of either a retrospective or modified retrospective approach. We intend to use the modified retrospective approach.  The adoption of this standards update is not expected to have a material impact on our consolidated financial statements. We will continue our evaluation of the standards update through the date of adoption, including assessing the impact of required new disclosures.

Principles of Consolidation

The consolidated financial statements include the accounts of all legal entities in which we hold a controlling financial interest. A controlling financial interest generally arises from our ownership of a majority of the voting shares of our subsidiaries. We would also hold a controlling financial interest in variable interest entities if we are considered to be the primary beneficiary. Investments in companies in which we do not own a majority interest and we have the ability to exercise significant influence

- 6-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

over operating and financial policies are accounted for using the equity method. Investments in other companies are carried at cost. All intercompany balances and transactions have been eliminated in consolidation.

Restricted Cash

The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows:

(In millions)	September 30,
	2017		2016
Cash and Cash Equivalents	$	822	$	975
Restricted Cash	46		25
Total Cash, Cash Equivalents and Restricted Cash	$	868	$	1,000

Restricted Cash, which is included in Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheets, primarily represents amounts required to be set aside in connection with accounts receivable factoring programs and funds obtained under certain Chinese credit facilities for plant expansion in China.  The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables or when funds are used for plant expansion expenditures, respectively.

Reclassifications and Adjustments

Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation.

NOTE 2. COSTS ASSOCIATED WITH RATIONALIZATION PROGRAMS

In order to maintain our global competitiveness, we have implemented rationalization actions over the past several years to reduce high-cost and excess manufacturing capacity and associate headcount.

The following table shows the roll-forward of our liability between periods:

				Other Exit and
(In millions)	Associate-			Non-cancelable
	Related Costs			Lease Costs			Total
Balance at December 31, 2016	$	214		$	5		$	219
2017 Charges (1)	70			25			95
Incurred, including net Foreign Currency Translation of $23 million and $0 million, respectively	(47		)	(26		)	(73		)
Reversed to the Statements of Operations	(7		)	—			(7		)
Balance at September 30, 2017	$	230		$	4		$	234

(1) Charges of $95 million exclude $14 million of benefit plan curtailments and settlements recorded in Rationalizations in the Statement of Operations.

Rationalization actions accrued at September 30, 2017 include $118 million related to the closure of our tire manufacturing facility in Philippsburg, Germany. The closure is in furtherance of our strategy to capture the growing demand for premium, large-rim diameter tires in part by reducing excess capacity in declining, less profitable segments of the tire market. Approximately $65 million of the accrued charges related to the closure are expected to be paid during the fourth quarter of 2017 with the remainder paid in 2018.

The remainder of the accrual balance at September 30, 2017 is expected to be substantially utilized within the next 12 months and includes $36 million related to global plans to reduce SAG headcount, $30 million related to manufacturing headcount reductions in certain countries in Europe, Middle East and Africa ("EMEA"), and $17 million related to a SAG headcount reduction plan in certain countries in EMEA.

- 7-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following table shows net rationalization charges included in Income before Income Taxes:

	Three Months Ended					Nine Months Ended
(In millions)	September 30,					September 30,
	2017			2016		2017		2016
Current Year Plans
Associate Severance and Other Related Costs	$	26		$	128	$	51	$	171
Other Exit and Non-Cancelable Lease Costs	—			—		1		—
Current Year Plans - Net Charges	$	26		$	128	$	52	$	171
Prior Year Plans
Associate Severance and Other Related Costs	$	(5	)	$	—	$	12	$	10
Benefit Plan Curtailments and Settlements	13			1		14		—
Other Exit and Non-Cancelable Lease Costs	12			6		24		13
Prior Year Plans - Net Charges	20			7		50		23
Total Net Charges	$	46		$	135	$	102	$	194
Asset Write-off and Accelerated Depreciation Charges	$	10		$	3	$	39	$	10

Substantially all of the new charges for the three and nine months ended September 30, 2017 and 2016 related to future cash outflows. Net current year plan charges for the three and nine months ended September 30, 2017 include charges of $25 million related to a global plan to reduce SAG headcount. Net current year plan charges for the nine months ended September 30, 2017 also include charges of $20 million related to SAG headcount reductions in certain countries in EMEA and $7 million related to a plan to improve operating efficiency in EMEA. Net current year plan charges for the three and nine months ended September 30, 2016 primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany, manufacturing headcount reductions in EMEA to improve operating efficiency and a separate plan to reduce SAG headcount globally.

Net prior year plan charges for the three months ended September 30, 2017 include $9 million related to the closure of our tire manufacturing facility in Philippsburg, Germany and $9 million related to a separate global plan to reduce SAG headcount. Net prior year plan charges for the nine months ended September 30, 2017 include $29 million related to the closure of our tire manufacturing facility in Philippsburg, Germany, $9 million related to a separate global plan to reduce SAG headcount and $9 million related to manufacturing headcount reductions in certain countries in EMEA. Net prior year plan charges for the three and nine months ended September 30, 2016 include charges of $2 million and $11 million, respectively, for associate severance and idle plant costs related to the closure of one of our manufacturing facilities in Amiens, France.

Net charges for the three and nine months ended September 30, 2017 included reversals of $5 million and $7 million, respectively, for actions no longer needed for their originally intended purposes. Ongoing rationalization plans had approximately $595 million in charges incurred prior to 2017 and approximately $45 million is expected to be incurred in future periods.

Approximately 400 associates will be released under new plans initiated in 2017, of which approximately 100 were released through September 30, 2017. In the first nine months of 2017, approximately 1,100 associates were released under plans initiated in prior years, primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany. Approximately 750 associates remain to be released under all ongoing rationalization plans.

Approximately 850 former associates of the closed Amiens, France manufacturing facility have asserted wrongful termination or other claims against us. Refer to Note to the Consolidated Financial Statements No. 11, Commitments and Contingent Liabilities, in this Form 10-Q.

Accelerated depreciation charges for the three and nine months ended September 30, 2017 primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany. Accelerated depreciation charges for the three and nine months ended September 30, 2016 primarily related to the closure of our Wolverhampton, U.K. mixing and retreading facility. Asset write-off and accelerated depreciation charges for all periods were recorded in CGS.

- 8-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3. OTHER (INCOME) EXPENSE

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Financing fees and financial instruments	$	8		$	7		$	48		$	75
Royalty income	(10		)	(4		)	(26		)	(18		)
Net (gains) losses on asset sales	(1		)	(27		)	(14		)	(28		)
Interest income	(3		)	(4		)	(10		)	(12		)
Net foreign currency exchange (gains) losses	(1		)	(1		)	(4		)	(4		)
General and product liability expense (income) - discontinued products	(3		)	2			—			(14		)
Miscellaneous expense	14			4			15			4
	$	4		$	(23	)	$	9		$	3

Financing fees and financial instruments consist of commitment fees and charges incurred in connection with financing transactions. Financing fees and financial instruments for the nine months ended September 30, 2017 include a redemption premium of $25 million related to the redemption of our $700 million7% senior notes due 2022 in May 2017. Financing fees and financial instruments for the nine months ended September 30, 2016 include redemption premiums of $53 million related to the redemption of our $900 million6.5% senior notes due 2021 in June 2016 and our €250 million6.75% senior notes due 2019 in January 2016.

Net (gains) losses on asset sales for the nine months ended September 30, 2017 include a gain of $6 million related to the sale of a former wire plant site in Luxembourg. Net (gains) losses on asset sales for the three and nine months ended September 30, 2016 include a $16 million gain related to the sale of the former wire plant site and a $9 million gain related to the sale of our interest in a supply chain logistics company.

General and product liability expense (income) - discontinued products consists of charges for claims against us related primarily to asbestos personal injury claims, net of probable insurance recoveries. General and product liability expense (income) - discontinued products for the three and nine months ended September 30, 2017 includes a benefit of $5 million for the recovery of past costs from certain asbestos insurers. General and product liability expense (income) - discontinued products for the nine months ended September 30, 2016 includes a benefit of $4 million for the recovery of past costs from certain asbestos insurers and a benefit of $10 million related to changes in assumptions for probable insurance recoveries for asbestos claims in future periods.

Miscellaneous expense for the three and nine months ended September 30, 2017 includes $12 million related to expenses incurred by the Company as a direct result of hurricanes Harvey and Irma during the third quarter of 2017.

Also, included in Other (Income) Expense is royalty income which is derived primarily from licensing arrangements related to divested businesses as well as other licensing arrangements, interest income which primarily consists of amounts earned on cash deposits, and net foreign currency exchange (gains) losses.

NOTE 4. INCOME TAXES

In the third quarter of 2017, we recorded tax expense of $30 million on income before income taxes of $162 million. For the first nine months of 2017, we recorded tax expense of $136 million on income before income taxes of $591 million. Income tax expense for the three and nine months ended September 30, 2017 was favorably impacted by $12 million and $23 million of various discrete tax adjustments, respectively. In the third quarter of 2016, we recorded a net tax benefit of $10 million on income before income taxes of $310 million. For the first nine months of 2016, we recorded tax expense of $161 million on income before income taxes of $878 million. Income tax benefit and expense for the three and nine months ended September 30, 2016 was favorably impacted by $118 million and $127 million of various discrete tax adjustments, respectively, primarily comprised of a tax benefit resulting from changing our election for our 2009, 2010 and 2012 U.S. tax years from deducting foreign taxes to crediting foreign taxes.

We record taxes based on overall estimated annual effective tax rates. The difference between our effective tax rate and the U.S. statutory rate was primarily attributable to the discrete items noted above and an overall lower effective tax rate in the foreign jurisdictions in which we operate.

Our losses in various foreign taxing jurisdictions in recent periods represented sufficient negative evidence to require us to maintain a full valuation allowance against certain of our net foreign deferred tax assets. Each reporting period we assess available positive

- 9-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

and negative evidence and estimate if sufficient future taxable income will be generated to utilize these existing deferred tax assets. We do not believe that sufficient positive evidence required to release all or a significant portion of these valuation allowances will exist within the next twelve months.

At January 1, 2017, we had unrecognized tax benefits of $63 million that if recognized, would have a favorable impact on our tax expense of $47 million. We had accrued interest of $4 million as of January 1, 2017. If not favorably settled, $12 million of the unrecognized tax benefits and all of the accrued interest would require the use of our cash. We do not expect any changes to our unrecognized tax benefits during 2017 to have a significant impact on our financial position or results of operations.

We are open to examination in the United States for 2016 and in Germany from 2013 onward. Generally, for our remaining tax jurisdictions, years from 2012 onward are still open to examination.

NOTE 5. EARNINGS PER SHARE

Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are calculated to reflect the potential dilution that could occur if securities or other contracts were exercised or converted into common stock.

Basic and diluted earnings per common share are calculated as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions, except per share amounts)	2017		2016		2017		2016
Earnings per share — basic:
Goodyear net income	$	129	$	317	$	442	$	703
Weighted average shares outstanding	250		262		251		264
Earnings per common share — basic	$	0.52	$	1.21	$	1.76	$	2.66
Earnings per share — diluted:
Goodyear net income	$	129	$	317	$	442	$	703
Weighted average shares outstanding	250		262		251		264
Dilutive effect of stock options and other dilutive securities	4		4		4		4
Weighted average shares outstanding — diluted	254		266		255		268
Earnings per common share — diluted	$	0.50	$	1.19	$	1.73	$	2.62

Weighted average shares outstanding - diluted for the three and nine months ended September 30, 2017 and for the nine months ended September 30, 2016 exclude approximately 1 million equivalent shares related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options). There were no equivalent shares related to options with exercise prices greater than the average market price of our common shares for the three months ended September 30, 2016.

- 10-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 6. BUSINESS SEGMENTS

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2017		2016			2017		2016
Sales:
Americas	$	2,041	$	2,070		$	6,028	$	6,111
Europe, Middle East and Africa	1,311		1,236			3,664		3,748
Asia Pacific	569		541			1,614		1,558
Net Sales	$	3,921	$	3,847		$	11,306	$	11,417
Segment Operating Income:
Americas	$	189	$	305		$	616	$	856
Europe, Middle East and Africa	87		152			262		380
Asia Pacific	81		99			225		270
Total Segment Operating Income	$	357	$	556		$	1,103	$	1,506
Less:
Rationalizations	$	46	$	135		$	102	$	194
Interest expense	84		90			260		285
Other (income) expense (Note 3)	4		(23		)	9		3
Asset write-offs and accelerated depreciation	10		3			39		10
Corporate incentive compensation plans	—		20			27		60
Pension curtailments/settlements	13		—			13		14
Intercompany profit elimination	21		2			16		7
Retained expenses of divested operations	3		2			9		12
Other	14		17			37		43
Income before Income Taxes	$	162	$	310		$	591	$	878

- 11-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Rationalizations, as described in Note to the Consolidated Financial Statements No. 2, Costs Associated with Rationalization Programs, Net (gains) losses on asset sales and Asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Rationalizations:
Americas	$	4		$	6		$	6		$	10
Europe, Middle East and Africa	25			126			78			179
Asia Pacific	1			—			2			1
Total Segment Rationalizations	$	30		$	132		$	86		$	190
Corporate	16			3			16			4
Total Rationalizations	$	46		$	135		$	102		$	194
Net (Gains) Losses on Asset Sales:
Americas	$	(1	)	$	—		$	(4	)	$	—
Europe, Middle East and Africa	—			(18		)	(10		)	(18		)
Asia Pacific	—			—			—			(1		)
Total Segment Asset Sales	$	(1	)	$	(18	)	$	(14	)	$	(19	)
Corporate	—			(9		)	—			(9		)
Total Net (Gains) Losses on Asset Sales	$	(1	)	$	(27	)	$	(14	)	$	(28	)

Asset Write-offs and Accelerated Depreciation:
Americas	$	—	$	1	$	—	$	1
Europe, Middle East and Africa	10		2		39		9
Total Segment Asset Write-offs and Accelerated Depreciation	$	10	$	3	$	39	$	10

NOTE 7. FINANCING ARRANGEMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS

At September 30, 2017, we had total credit arrangements of $8,851 million, of which $2,420 million were unused. At that date, 41% of our debt was at variable interest rates averaging 4.08%.

Notes Payable and Overdrafts, Long Term Debt and Capital Leases due Within One Year and Short Term Financing Arrangements

At September 30, 2017, we had short term committed and uncommitted credit arrangements totaling $627 million, of which $351 million were unused. These arrangements are available primarily to certain of our foreign subsidiaries through various banks at quoted market interest rates.

- 12-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following table presents amounts due within one year:

	September 30,			December 31,
(In millions)	2017			2016
Notes payable and overdrafts	$	276		$	245
Weighted average interest rate	5.98		%	6.18		%
Chinese credit facilities	$	125		$	146
Other domestic and foreign debt (including capital leases)	253			290
Long term debt and capital leases due within one year	$	378		$	436
Weighted average interest rate	6.98		%	9.39		%
Total obligations due within one year	$	654		$	681

Long Term Debt and Capital Leases and Financing Arrangements

At September 30, 2017, we had long term credit arrangements totaling $8,224 million, of which $2,069 million were unused.

The following table presents long term debt and capital leases, net of unamortized discounts, and interest rates:

	September 30, 2017					December 31, 2016
				Interest					Interest
(In millions)	Amount			Rate		Amount			Rate
Notes:
8.75% due 2020	$	275				$	273
7% due 2022	—					700
5.125% due 2023	1,000					1,000
3.75% Euro Notes due 2023	296					264
5% due 2026	900					900
4.875% due 2027	700					—
7% due 2028	150					150
Credit Facilities:
$2.0 billion first lien revolving credit facility due 2021	375			2.45	%	85			1.98	%
Second lien term loan facility due 2019	399			3.24	%	399			3.75	%
€550 million revolving credit facility due 2020	390			1.75	%	—			—
Pan-European accounts receivable facility	241			0.89	%	198			0.98	%
Chinese credit facilities	247			4.81	%	315			4.68	%
Other foreign and domestic debt(1)	1,145			6.08	%	951			9.14	%
	6,118					5,235
Unamortized deferred financing fees	(43		)			(42		)
	6,075					5,193
Capital lease obligations	40					41
	6,115					5,234
Less portion due within one year	(378		)			(436		)
	$	5,737				$	4,798

(1) Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions and domestic debt related to our Global and Americas Headquarters.

- 13-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTES

$700 million4.875% Senior Notes due 2027

In March 2017, we issued $700 million in aggregate principal amount of 4.875% senior notes due 2027. These notes were sold at 100% of the principal amount and will mature on March 15, 2027. These notes are unsecured senior obligations and are guaranteed by our U.S. and Canadian subsidiaries that also guarantee our obligations under our U.S. senior secured credit facilities described below.

$700 million7% Senior Notes due 2022

In May 2017, we used the proceeds from the $700 million4.875% senior notes due 2027, together with cash and cash equivalents, to redeem in full our $700 million7% senior notes due 2022, which included the payment of a $25 million redemption premium plus accrued and unpaid interest to the redemption date. We also recorded $6 million of expense for the write-off of deferred financing fees as a result of the redemption.

CREDIT FACILITIES

$2.0 billion Amended and Restated First Lien Revolving Credit Facility due 2021

Our amended and restated first lien revolving credit facility is available in the form of loans or letters of credit, with letter of credit availability limited to $800 million. Subject to the consent of the lenders whose commitments are to be increased, we may request that the facility be increased by up to $250 million. Our obligations under the facility are guaranteed by most of our wholly-owned U.S. and Canadian subsidiaries. Our obligations under the facility and our subsidiaries' obligations under the related guarantees are secured by first priority security interests in a variety of collateral. Based on our current liquidity, amounts drawn under this facility bear interest at LIBOR plus 125 basis points, and undrawn amounts under the facility will be subject to an annual commitment fee of 30 basis points.

Availability under the facility is subject to a borrowing base, which is based primarily on (i) eligible accounts receivable and inventory of The Goodyear Tire & Rubber Company and certain of its U.S. and Canadian subsidiaries, (ii) the value of our principal trademarks, and (iii) certain cash in an amount not to exceed $200 million. To the extent that our eligible accounts receivable and inventory and other components of the borrowing base decline in value, our borrowing base will decrease and the availability under the facility may decrease below $2.0 billion. As of September 30, 2017, our borrowing base, and therefore our availability, under this facility was $266 million below the facility's stated amount of $2.0 billion.

The facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2015. The facility also has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries.

At September 30, 2017, we had $375 million of borrowings and $37 million of letters of credit issued under the revolving credit facility. At December 31, 2016, we had $85 million of borrowings and $40 million of letters of credit issued under the revolving credit facility.

Amended and Restated Second Lien Term Loan Facility due 2019

In March 2017, we amended our second lien term loan facility. As a result of the amendment, the term loan now bears interest, at our option, at (i) 200 basis points over LIBOR or (ii) 100 basis points over an alternative base rate (the higher of (a) the prime rate, (b) the federal funds effective rate or the overnight bank funding rate plus 50 basis points or (c) LIBOR plus 100 basis points). In addition, if the Total Leverage Ratio is equal to or less than 1.25 to 1.00, we have the option to further reduce the spreads described above by 25 basis points. "Total Leverage Ratio" has the meaning given it in the facility.

Our obligations under our second lien term loan facility are guaranteed by most of our wholly-owned U.S. and Canadian subsidiaries and are secured by second priority security interests in the same collateral securing the $2.0 billion first lien revolving credit facility.

At September 30, 2017 and December 31, 2016, the amounts outstanding under this facility were $399 million.

€550 million Amended and Restated Senior Secured European Revolving Credit Facility due 2020

Our amended and restated €550 million European revolving credit facility consists of (i) a €125 million German tranche that is available only to Goodyear Dunlop Tires Germany GmbH (“GDTG”) and (ii) a €425 million all-borrower tranche that is available to Goodyear Dunlop Tires Europe B.V. ("GDTE"), GDTG and Goodyear Dunlop Tires Operations S.A. Up to €150 million of swingline loans and €50 million in letters of credit are available for issuance under the all-borrower tranche. Amounts drawn under

- 14-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

this facility will bear interest at LIBOR plus 175 basis points for loans denominated in U.S. dollars or pounds sterling and EURIBOR plus 175 basis points for loans denominated in euros, and undrawn amounts under the facility will be subject to an annual commitment fee of 30 basis points.

GDTE and certain of its subsidiaries in the United Kingdom, Luxembourg, France and Germany provide guarantees to support the facility. The German guarantors secure the German tranche on a first-lien basis and the all-borrower tranche on a second-lien basis. GDTE and its other subsidiaries that provide guarantees secure the all-borrower tranche on a first-lien basis and generally do not provide collateral support for the German tranche. The Company and its U.S. subsidiaries and primary Canadian subsidiary that guarantee our U.S. senior secured credit facilities described above also provide unsecured guarantees in support of the facility.

The facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2014. The facility also has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries.

At September 30, 2017, there were $148 million (€125 million) of borrowings outstanding under the German tranche and there were $242 million (€205 million) of borrowings outstanding under the all-borrower tranche. At December 31, 2016, there were no borrowings outstanding under the European revolving credit facility. There were no letters of credit issued at September 30, 2017 and December 31, 2016.

Accounts Receivable Securitization Facilities (On-Balance Sheet)

GDTE and certain other of our European subsidiaries are parties to a pan-European accounts receivable securitization facility that expires in 2019. The terms of the facility provide the flexibility to designate annually the maximum amount of funding available under the facility in an amount of not less than €45 million and not more than €450 million. For the period beginning October 16, 2016 to October 15, 2017, the designated maximum amount of the facility was €320 million. Effective October 16, 2017, the designated maximum amount of the facility was reduced to €275 million.

The facility involves an ongoing daily sale of substantially all of the trade accounts receivable of certain GDTE subsidiaries to a bankruptcy-remote French company controlled by one of the liquidity banks in the facility. These subsidiaries retain servicing responsibilities. Utilization under this facility is based on eligible receivable balances.

The funding commitments under the facility will expire upon the earliest to occur of: (a) September 25, 2019, (b) the non-renewal and expiration (without substitution) of all of the back-up liquidity commitments, (c) the early termination of the facility according to its terms (generally upon an Early Amortisation Event (as defined in the facility), which includes, among other things, events similar to the events of default under our senior secured credit facilities; certain tax law changes; or certain changes to law, regulation or accounting standards), or (d) our request for early termination of the facility. The facility’s current back-up liquidity commitments will expire on October 15, 2018.

At September 30, 2017, the amounts available and utilized under this program totaled $241 million (€204 million). At December 31, 2016, the amounts available and utilized under this program totaled $198 million (€188 million). The program does not qualify for sale accounting, and accordingly, these amounts are included in Long Term Debt and Capital Leases.

In addition to the pan-European accounts receivable securitization facility discussed above, subsidiaries in Australia have an accounts receivable securitization program that provides flexibility to designate semi-annually the maximum amount of funding available under the facility in an amount of not less than 60 million Australian dollars and not more than 85 million Australian dollars. From July 1, 2016 to December 31, 2017, the designated maximum amount of the facility is 60 million Australian dollars. At September 30, 2017, the amounts available and utilized under this program were $31 million (AUD 39 million) and $29 million (AUD 37 million), respectively. At December 31, 2016, the amounts available and utilized under this program were $28 million (AUD 39 million) and $12 million (AUD 16 million), respectively. The receivables sold under this program also serve as collateral for the related facility. We retain the risk of loss related to these receivables in the event of non-payment. These amounts are included in Long Term Debt and Capital Leases due Within One Year.

For a description of the collateral securing the credit facilities described above as well as the covenants applicable to them, refer to Note to the Consolidated Financial Statements No. 15, Financing Arrangements and Derivative Financial Instruments, in our 2016 Form 10-K.

Accounts Receivable Factoring Facilities (Off-Balance Sheet)

We have sold certain of our trade receivables under off-balance sheet programs. For these programs, we have concluded that there is generally no risk of loss to us from non-payment of the sold receivables. At September 30, 2017, the gross amount of receivables sold was $495 million, compared to $502 million at December 31, 2016.

- 15-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Other Foreign Credit Facilities

A Chinese subsidiary has several financing arrangements in China. At September 30, 2017, these non-revolving credit facilities had total unused availability of $218 million and can only be used to finance the expansion of our manufacturing facility in China. At September 30, 2017 and December 31, 2016, the amounts outstanding under these facilities were $247 million and $315 million, respectively. The facilities ultimately mature in 2025 and principal amortization began in 2015. The facilities contain covenants relating to the Chinese subsidiary and have customary representations and warranties and defaults relating to the Chinese subsidiary’s ability to perform its obligations under the facilities. At September 30, 2017 and December 31, 2016, restricted cash related to funds obtained under these credit facilities was $14 million and $8 million, respectively.

DERIVATIVE FINANCIAL INSTRUMENTS

We utilize derivative financial instrument contracts and nonderivative instruments to manage interest rate, foreign exchange and commodity price risks. We have established a control environment that includes policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities. We do not hold or issue derivative financial instruments for trading purposes.

Foreign Currency Contracts

We enter into foreign currency contracts in order to manage the impact of changes in foreign exchange rates on our consolidated results of operations and future foreign currency-denominated cash flows. These contracts may be used to reduce exposure to currency movements affecting existing foreign currency-denominated assets, liabilities, firm commitments and forecasted transactions resulting primarily from trade purchases and sales, equipment acquisitions, intercompany loans and royalty agreements. Contracts hedging short term trade receivables and payables normally have no hedging designation.

The following table presents the fair values for foreign currency contracts not designated as hedging instruments:

	September 30,			December 31,
(In millions)	2017			2016
Fair Values — Current asset (liability):
Accounts receivable	$	6		$	30
Other current liabilities	(8		)	(18		)

At September 30, 2017 and December 31, 2016, these outstanding foreign currency derivatives had notional amounts of $1,121 million and $1,812 million, respectively, and were primarily related to intercompany loans. Other (Income) Expense included net transaction losses on derivatives of $10 million and $55 million for the three and nine months ended September 30, 2017, respectively, and net transaction losses on derivatives of $15 million and $33 million for the three and nine months ended September 30, 2016, respectively. These amounts were substantially offset in Other (Income) Expense by the effect of changing exchange rates on the underlying currency exposures.

The following table presents fair values for foreign currency contracts designated as cash flow hedging instruments:

	September 30,			December 31,
(In millions)	2017			2016
Fair Values — Current asset (liability):
Accounts receivable	$	—		$	9
Other current liabilities	(10		)	—
Fair Values — Long term asset (liability):
Other assets	$	—		$	2
Other long term liabilities	(2		)	—

At September 30, 2017 and December 31, 2016, these outstanding foreign currency derivatives had notional amounts of $261 million and $293 million, respectively, and primarily related to U.S. dollar denominated intercompany transactions.

We enter into master netting agreements with counterparties. The amounts eligible for offset under the master netting agreements are not material and we have elected a gross presentation of foreign currency contracts in the Consolidated Balance Sheets.

- 16-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following table presents information related to foreign currency contracts designated as cash flow hedging instruments (before tax and minority):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions) (Income) Expense	2017			2016			2017			2016
Amounts deferred to Accumulated Other Comprehensive Loss ("AOCL")	$	7		$	1		$	28		$	1
Amount of deferred (gain) loss reclassified from AOCL into CGS	1			—			(3		)	(6		)
Amounts excluded from effectiveness testing	(1		)	(1		)	(2		)	(1		)

The estimated net amount of deferred losses at September 30, 2017 that are expected to be reclassified to earnings within the next twelve months is $14 million.

The counterparties to our foreign currency contracts were considered by us to be substantial and creditworthy financial institutions that are recognized market makers at the time we entered into those contracts. We seek to control our credit exposure to these counterparties by diversifying across multiple counterparties, by setting counterparty credit limits based on long term credit ratings and other indicators of counterparty credit risk such as credit default swap spreads, and by monitoring the financial strength of these counterparties on a regular basis. We also enter into master netting agreements with counterparties when possible. By controlling and monitoring exposure to counterparties in this manner, we believe that we effectively manage the risk of loss due to nonperformance by a counterparty. However, the inability of a counterparty to fulfill its contractual obligations to us could have a material adverse effect on our liquidity, financial position or results of operations in the period in which it occurs.

NOTE 8. FAIR VALUE MEASUREMENTS

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at September 30, 2017 and December 31, 2016:

	Total Carrying Value in the Consolidated Balance Sheet				Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In millions)	2017		2016		2017		2016		2017		2016		2017		2016
Assets:
Investments	$	10	$	9	$	10	$	9	$	—	$	—	$	—	$	—
Foreign Exchange Contracts	6		41		—		—		6		41		—		—
Total Assets at Fair Value	$	16	$	50	$	10	$	9	$	6	$	41	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	20	$	18	$	—	$	—	$	20	$	18	$	—	$	—
Total Liabilities at Fair Value	$	20	$	18	$	—	$	—	$	20	$	18	$	—	$	—

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding capital leases, at September 30, 2017 and December 31, 2016.

	September 30,		December 31,
(In millions)	2017		2016
Fixed Rate Debt:
Carrying amount — liability	$	3,580	$	3,514
Fair value — liability	3,779		3,669
Variable Rate Debt:
Carrying amount — liability	$	2,495	$	1,679
Fair value — liability	2,477		1,678

- 17-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Long term debt with a fair value of $3,883 million and $3,804 million at September 30, 2017 and December 31, 2016, respectively, was estimated using quoted Level 1 market prices.  The carrying value of the remaining long term debt is categorized within the Level 2 hierarchy and approximates fair value since the terms of the financing arrangements are similar to terms that could be obtained under current lending market conditions.

NOTE 9. PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS

We provide employees with defined benefit pension or defined contribution savings plans.

Defined benefit pension cost follows:

	U.S.						U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Service cost	$	1		$	1		$	3		$	3
Interest cost	39			41			120			123
Expected return on plan assets	(60		)	(64		)	(181		)	(191		)
Amortization of net losses	27			28			83			82
Net periodic pension cost	7			6			25			17
Net curtailments and settlements	24			—			25			—
Total defined benefit pension cost	$	31		$	6		$	50		$	17

	Non-U.S.						Non-U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Service cost	$	8		$	7		$	23		$	22
Interest cost	18			20			53			61
Expected return on plan assets	(20		)	(21		)	(59		)	(67		)
Amortization of net losses	8			7			24			21
Net periodic pension cost	14			13			41			37
Net curtailments and settlements	2			—			2			13
Total defined benefit pension cost	$	16		$	13		$	43		$	50

During the third quarter of 2017, we recognized a settlement charge of $24 million in connection with our frozen salaried U.S. pension plan. The settlement charge resulted from total lump sum benefit payments exceeding annual interest cost.

For the three and nine months ended September 30, 2017, net curtailment and settlement charges of $13 million and $14 million, respectively, were included in rationalization charges for employees who terminated service as a result of ongoing rationalization plans.

During the second quarter of 2016, annuities were purchased from existing plan assets to settle $41 million in obligations of one of our U.K. pension plans which resulted in a settlement charge of $14 million.

We expect to contribute approximately $50 million to $75 million to our funded non-U.S. pension plans in 2017. For the three and nine months ended September 30, 2017, we contributed $14 million and $41 million, respectively, to our non-U.S. plans.

The expense recognized for our contributions to defined contribution savings plans for the three months ended September 30, 2017 and 2016 was $28 million and $30 million, respectively, and for the nine months ended September 30, 2017 and 2016 was $86 million and $93 million, respectively.

We also provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. Other postretirement benefits credit for the three months ended September 30, 2017 and 2016 was $2 million and $4 million, respectively, and for the nine months ended September 30, 2017 and 2016 was $5 million and $17 million, respectively.

- 18-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 10. STOCK COMPENSATION PLANS

Our Board of Directors granted 0.7 million stock options, 0.1 million restricted stock units and0.2 million performance share units during the nine months ended September 30, 2017 under our stock compensation plans. The weighted average exercise price per share and weighted average fair value per share of the stock option grants during the nine months ended September 30, 2017 were $35.26 and $12.08, respectively. We estimated the fair value of the stock options using the following assumptions in our Black-Scholes model:

Expected term: 7.2 years

Interest rate: 2.13%

Volatility: 33.63%

Dividend yield: 1.13%

We measure the fair value of grants of restricted stock units and performance share units based primarily on the closing market price of a share of our common stock on the date of the grant, modified as appropriate to take into account the features of such grants. The weighted average fair value per share was $35.05 for restricted stock units and $36.78 for performance share units granted during the nine months ended September 30, 2017.

We recognized stock-based compensation expense of $5 million and $17 million during the three and nine months ended September 30, 2017, respectively. At September 30, 2017, unearned compensation cost related to the unvested portion of all stock-based awards was approximately $29 million and is expected to be recognized over the remaining vesting period of the respective grants, through the first quarter of 2022. We recognized stock-based compensation expense of $7 million and $18 million during the three and nine months ended September 30, 2016, respectively.

Stock based awards are made pursuant to stock compensation plans that are approved by our shareholders. The 2017 Performance Plan was adopted by our shareholders on April 10, 2017 and will expire on April 9, 2027 unless earlier terminated. The 2017 Performance Plan replaced the 2013 Performance Plan, which was terminated on April 10, 2017, except with respect to outstanding awards.

NOTE 11. COMMITMENTS AND CONTINGENT LIABILITIES

Environmental Matters

We have recorded liabilities totaling $52 million and $55 million at September 30, 2017 and December 31, 2016, respectively, for anticipated costs related to various environmental matters, primarily the remediation of numerous waste disposal sites and certain properties sold by us. Of these amounts, $18 million and $21 million was included in Other Current Liabilities at September 30, 2017 and December 31, 2016, respectively. The costs include legal and consulting fees, site studies, the design and implementation of remediation plans, post-remediation monitoring and related activities, and will be paid over several years. The amount of our ultimate liability in respect of these matters may be affected by several uncertainties, primarily the ultimate cost of required remediation and the extent to which other responsible parties contribute. We have limited potential insurance coverage for future environmental claims.

Since many of the remediation activities related to environmental matters vary substantially in duration and cost from site to site and the associated costs for each vary depending on the mix of unique site characteristics, in some cases we cannot reasonably estimate a range of possible losses. Although it is not possible to estimate with certainty the outcome of all of our environmental matters, management believes that potential losses in excess of current reserves for environmental matters, individually and in the aggregate, will not have a material adverse effect on our financial position, cash flows or results of operations.

Workers’ Compensation

We have recorded liabilities, on a discounted basis, totaling $252 million and $248 million for anticipated costs related to workers’ compensation at September 30, 2017 and December 31, 2016, respectively. Of these amounts, $46 million and $48 million was included in Current Liabilities as part of Compensation and Benefits at September 30, 2017 and December 31, 2016, respectively. The costs include an estimate of expected settlements on pending claims, defense costs and a provision for claims incurred but not reported. These estimates are based on our assessment of potential liability using an analysis of available information with respect to pending claims, historical experience, and current cost trends. The amount of our ultimate liability in respect of these matters may differ from these estimates. We periodically, and at least annually, update our loss development factors based on actuarial analyses. At September 30, 2017 and December 31, 2016, the liability was discounted using a risk-free rate of return. At September 30, 2017, we estimate that it is reasonably possible that the liability could exceed our recorded amounts by approximately $30 million.

- 19-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

General and Product Liability and Other Litigation

We have recorded liabilities totaling $333 million and $316 million, including related legal fees expected to be incurred, for potential product liability and other tort claims, including asbestos claims, at September 30, 2017 and December 31, 2016, respectively. Of these amounts, $59 million and $49 million was included in Other Current Liabilities at September 30, 2017 and December 31, 2016, respectively. The amounts recorded were estimated based on an assessment of potential liability using an analysis of available information with respect to pending claims, historical experience and, where available, recent and current trends. Based upon that assessment, at September 30, 2017, we do not believe that estimated reasonably possible losses associated with general and product liability claims in excess of the amounts recorded will have a material adverse effect on our financial position, cash flows or results of operations. However, the amount of our ultimate liability in respect of these matters may differ from these estimates.

We have recorded an indemnification asset within Accounts Receivable of $5 million and within Other Assets of $27 million for Sumitomo Rubber Industries, Ltd.'s ("SRI") obligation to indemnify us for certain product liability claims related to products manufactured by a formerly consolidated joint venture entity, subject to certain caps and restrictions.

Asbestos. We are a defendant in numerous lawsuits alleging various asbestos-related personal injuries purported to result from alleged exposure to asbestos in certain products manufactured by us or present in certain of our facilities. Typically, these lawsuits have been brought against multiple defendants in state and federal courts. To date, we have disposed of approximately 127,400 claims by defending, obtaining the dismissal thereof, or entering into a settlement. The sum of our accrued asbestos-related liability and gross payments to date, including legal costs, by us and our insurers totaled approximately $529 million through September 30, 2017 and $517 million through December 31, 2016.

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.

	Nine Months Ended			Year Ended
(Dollars in millions)	September 30, 2017			December 31, 2016
Pending claims, beginning of period	64,400			67,400
New claims filed	1,500			1,900
Claims settled/dismissed	(4,700		)	(4,900		)
Pending claims, end of period	61,200			64,400
Payments (1)	$	6		$	20

(1) Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

We periodically, and at least annually, review our existing reserves for pending claims, including a reasonable estimate of the liability associated with unasserted asbestos claims, and estimate our receivables from probable insurance recoveries. We recorded gross liabilities for both asserted and unasserted claims, inclusive of defense costs, totaling $177 million and $171 million at September 30, 2017 and December 31, 2016, respectively. In determining the estimate of our asbestos liability, we evaluated claims over the next ten-year period. Due to the difficulties in making these estimates, analysis based on new data and/or a change in circumstances arising in the future may result in an increase in the recorded obligation, and that increase could be significant.

We maintain certain primary and excess insurance coverage under coverage-in-place agreements, and also have additional excess liability insurance with respect to asbestos liabilities. After consultation with our outside legal counsel and giving consideration to agreements with certain of our insurance carriers, the financial viability and legal obligations of our insurance carriers and other relevant factors, we determine an amount we expect is probable of recovery from such carriers. We record a receivable with respect to such policies when we determine that recovery is probable and we can reasonably estimate the amount of a particular recovery.

We recorded a receivable related to asbestos claims of $121 million and $123 million at September 30, 2017 and December 31, 2016, respectively. We expect that approximately 70% of asbestos claim related losses would be recoverable through insurance during the ten-year period covered by the estimated liability. Of these amounts, $12 million was included in Current Assets as part of Accounts Receivable at September 30, 2017 and December 31, 2016. The recorded receivable consists of an amount we expect to collect under coverage-in-place agreements with certain primary and excess insurance carriers as well as an amount we believe is probable of recovery from certain of our other excess insurance carriers.

We believe that, at December 31, 2016, we had approximately $430 million in excess level policy limits applicable to indemnity and defense costs for asbestos products claims under coverage-in-place agreements.  We also had additional unsettled excess level

- 20-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

policy limits potentially applicable to such costs.  We had coverage under certain primary policies for indemnity and defense costs for asbestos products claims under remaining aggregate limits pursuant to a coverage-in-place agreement, as well as coverage for indemnity and defense costs for asbestos premises claims pursuant to coverage-in-place agreements.

With respect to both asserted and unasserted claims, it is reasonably possible that we may incur a material amount of cost in excess of the current reserve; however, such amounts cannot be reasonably estimated. Coverage under insurance policies is subject to varying characteristics of asbestos claims including, but not limited to, the type of claim (premise vs. product exposure), alleged date of first exposure to our products or premises and disease alleged. Depending upon the nature of these characteristics, as well as the resolution of certain legal issues, some portion of the insurance may not be accessible by us.

Amiens Labor Claims

Approximately 850 former employees of the closed Amiens, France manufacturing facility have asserted wrongful termination or other claims totaling €119 million ($140 million) against Goodyear Dunlop Tires France. We intend to vigorously defend ourselves against these claims, and any additional claims that may be asserted against us, and cannot estimate the amounts, if any, that we may ultimately pay in respect of such claims.

Other Actions

We are currently a party to various claims, indirect tax assessments and legal proceedings in addition to those noted above. If management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable than another. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Based on currently available information, management believes that the ultimate outcome of these matters, individually and in the aggregate, will not have a material adverse effect on our financial position or overall trends in results of operations.

Our recorded liabilities and estimates of reasonably possible losses for the contingent liabilities described above are based on our assessment of potential liability using the information available to us at the time and, where applicable, any past experience and recent and current trends with respect to similar matters. Our contingent liabilities are subject to inherent uncertainties, and unfavorable judicial or administrative decisions could occur which we did not anticipate. Such an unfavorable decision could include monetary damages, fines or other penalties or an injunction prohibiting us from taking certain actions or selling certain products. If such an unfavorable decision were to occur, it could result in a material adverse impact on our financial position and results of operations in the period in which the decision occurs, or in future periods.

Income Tax Matters

The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for anticipated tax audit issues based on our estimate of whether, and the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We also recognize income tax benefits to the extent that it is more likely than not that our positions will be sustained when challenged by the taxing authorities. We derecognize income tax benefits when based on new information we determine that it is no longer more likely than not that our position will be sustained. To the extent we prevail in matters for which liabilities have been established, or determine we need to derecognize tax benefits recorded in prior periods, our results of operations and effective tax rate in a given period could be materially affected. An unfavorable tax settlement would require use of our cash, and lead to recognition of expense to the extent the settlement amount exceeds recorded liabilities and, in the case of an income tax settlement, result in an increase in our effective tax rate in the period of resolution. A favorable tax settlement would be recognized as a reduction of expense to the extent the settlement amount is lower than recorded liabilities and, in the case of an income tax settlement, would result in a reduction in our effective tax rate in the period of resolution.

While the Company applies consistent transfer pricing policies and practices globally, supports transfer prices through economic studies, seeks advance pricing agreements and joint audits to the extent possible and believes its transfer prices to be appropriate, such transfer prices, and related interpretations of tax laws, are occasionally challenged by various taxing authorities globally. We have received various tax assessments challenging our interpretations of applicable tax laws in various jurisdictions. Although we believe we have complied with applicable tax laws, have strong positions and defenses and have historically been successful in defending such claims, our results of operations could be materially adversely affected in the case we are unsuccessful in the defense of existing or future claims.

- 21-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Guarantees

We have off-balance sheet financial guarantees and other commitments totaling approximately $39 million and $40 million at September 30, 2017 and December 31, 2016, respectively. We issue guarantees to financial institutions or other entities on behalf of certain of our affiliates, lessors or customers. We also generally do not require collateral in connection with the issuance of these guarantees. In 2015, as a result of the dissolution of the global alliance with SRI, we issued a guarantee of approximately $46 million to an insurance company related to SRI's obligation to pay certain outstanding workers' compensation claims of a formerly consolidated joint venture entity. As of September 30, 2017, this guarantee amount has been reduced to $38 million. We have concluded the probability of our performance to be remote and, therefore, have not recorded a liability for this guarantee. While there is no fixed duration of this guarantee, we expect the amount of this guarantee to continue to decrease over time as the formerly consolidated joint venture entity pays its outstanding claims. If our performance under these guarantees is triggered by non-payment or another specified event, we would be obligated to make payment to the financial institution or the other entity, and would typically have recourse to the affiliate, lessor, customer, or SRI. Except for the workers' compensation guarantee described above, the guarantees expire at various times through 2020. We are unable to estimate the extent to which our affiliates’, lessors’, customers’, or SRI's assets would be adequate to recover any payments made by us under the related guarantees.

NOTE 12. CAPITAL STOCK

Dividends

During the third quarter of 2017, cash dividends of $0.10 per share were declared on July 12, 2017 and paid on September 1, 2017. During the third quarter of 2016, cash dividends of $0.07 per share were declared on July 12, 2016 and paid on September 1, 2016, and cash dividends of $0.10 per share were declared on September 7, 2016 and paid during the fourth quarter of 2016 on December 1, 2016.

In the first nine months of 2017 and 2016, we paid cash dividends of $75 million and $56 million, respectively, on our common stock. On October 10, 2017, the Board of Directors (or a duly authorized committee thereof) declared cash dividends of $0.14 per share of common stock, or approximately $35 million in the aggregate, which represents an increase of $0.04 per share. The dividend will be paid on December 1, 2017 to stockholders of record as of the close of business on November 1, 2017. Future quarterly dividends are subject to Board approval. We will pay dividends of $0.44 per share during 2017, and paid dividends of $0.31 per share during 2016.

Common Stock Repurchases

On September 18, 2013, the Board of Directors approved our common stock repurchase program. From time to time, the Board of Directors has approved increases in the amount authorized to be purchased under that program. On February 2, 2017, the Board of Directors approved a further increase in that authorization to an aggregate of $2.1 billion. This program expires on December 31, 2019. We intend to repurchase shares of common stock in open market transactions in order to offset new shares issued under equity compensation programs and to provide for additional shareholder returns. During the third quarter of 2017, we repurchased 5,592,239 shares at an average price, including commissions, of $31.29 per share, or $175 million in the aggregate. During the first nine months of 2017, we repurchased 6,435,359 shares at an average price, including commissions, of $31.88 per share, or $205 million in the aggregate. Since 2013, we repurchased 37,649,469 shares at an average price, including commissions, of $29.71 per share, or $1,118 million in the aggregate.

In addition, we may repurchase shares delivered to us by employees as payment for the exercise price of stock options and the withholding taxes due upon the exercise of the stock options or the vesting or payment of stock awards. During the first nine months of 2017, we did not repurchase any shares from employees.

- 22-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 13. CHANGES IN SHAREHOLDERS’ EQUITY

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

	September 30, 2017									September 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	442			13			455			703			14			717
Foreign currency translation, net of tax of $44 in 2017 ($17 in 2016)	155			14			169			(7		)	2			(5		)
Amortization of prior service cost and unrecognized gains included in total benefit cost, net of tax of $31 in 2017 ($24 in 2016)	57			—			57			49			—			49
(Increase)/Decrease in net actuarial losses, net of tax of ($15) in 2017 ($0 in 2016)	(23		)	—			(23		)	2			—			2
Immediate recognition of prior service cost and unrecognized gains due to curtailments, settlements, and divestitures, net of tax of $9 in 2017 ($0 in 2016)	15			—			15			15			—			15
Deferred derivative losses, net of tax of ($9) in 2017 ($0 in 2016)	(19		)	—			(19		)	(1		)	—			(1		)
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2017 (($1) in 2016)	(2		)	—			(2		)	(5		)	—			(5		)
Other comprehensive income	183			14			197			53			2			55
Total comprehensive income	625			27			652			756			16			772
Adoption of new accounting standard	—			—			—			56			—			56
Dividends declared to minority shareholders	—			(6		)	(6		)	—			(11		)	(11		)
Stock-based compensation plans (Note 10)	17			—			17			18			—			18
Repurchase of common stock (Note 12)	(205		)	—			(205		)	(200		)	—			(200		)
Dividends declared (Note 12)	(75		)	—			(75		)	(82		)	—			(82		)
Common stock issued from treasury	13			—			13			9			—			9
Balance at end of period	$	4,882		$	239		$	5,121		$	4,477		$	227		$	4,704

- 23-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 14. RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents changes in Accumulated Other Comprehensive Loss (AOCL), by component, for the nine months ended September 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	155			(23		)	(19		)	113
Amounts reclassified from accumulated other comprehensive loss	—			72			(2		)	70
Balance at September 30, 2017	$	(1,000	)	$	(3,004	)	$	(11	)	$	(4,015	)
	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	(7		)	2			(1		)	(6		)
Amounts reclassified from accumulated other comprehensive loss	—			64			(5		)	59
Balance at September 30, 2016	$	(953	)	$	(3,005	)	$	1		$	(3,957	)

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

	Three Months Ended September 30,						Nine Months Ended September 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	$	28		$	25		$	88		$	73		Total Benefit Cost
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	24			—			24			15			Total Benefit Cost
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	$	52		$	25		$	112		$	88
Tax effect	(19		)	(8		)	(40		)	(24		)	United States and Foreign Taxes
Net of tax	$	33		$	17		$	72		$	64		Goodyear Net Income
Deferred Derivative (Gains) Losses, before tax	$	1		$	—		$	(3	)	$	(6	)	Cost of Goods Sold
Tax effect	—			—			1			1			United States and Foreign Taxes
Net of tax	$	1		$	—		$	(2	)	$	(5	)	Goodyear Net Income
Total reclassifications	$	34		$	17		$	70		$	59		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.

- 24-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 15. CONSOLIDATING FINANCIAL INFORMATION

Certain of our subsidiaries have guaranteed our obligations under the $282 million outstanding principal amount of 8.75% notes due 2020, the $1.0 billion outstanding principal amount of 5.125% senior notes due 2023, the $900 million outstanding principal amount of 5% senior notes due 2026 and the $700 million outstanding principal amount of 4.875% senior notes due 2027 (collectively, the “notes”). The following presents the condensed consolidating financial information separately for:

(i) The Goodyear Tire & Rubber Company (the “Parent Company”), the issuer of the guaranteed obligations;

(ii) Guarantor Subsidiaries, on a combined basis, as specified in the indentures related to Goodyear’s obligations under the notes;

(iii) Non-Guarantor Subsidiaries, on a combined basis;

(iv) Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, (b) eliminate the investments in our subsidiaries, and (c) record consolidating entries; and

(v) The Goodyear Tire & Rubber Company and Subsidiaries on a consolidated basis.

Each guarantor subsidiary is 100% owned by the Parent Company at the date of each balance sheet presented. The notes are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent Company and guarantor subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation. Changes in intercompany receivables and payables related to operations, such as intercompany sales or service charges, are included in cash flows from operating activities. Intercompany transactions reported as investing or financing activities include the sale of capital stock, loans and other capital transactions between members of the consolidated group.

During the first quarter of 2017, one of our guarantor subsidiaries merged with the Parent Company.  We have changed the prior year consolidating financial statements to conform to the current structure.  As a result, Parent Company Total Assets decreased $113 million and Guarantor Subsidiaries Total Assets decreased $358 million, with corresponding offsetting adjustments presented on the same line items in the Consolidating Entries and Eliminations column, as of December 31, 2016. In addition, Parent Company Total Liabilities decreased $113 million, Guarantor Subsidiaries Total Liabilities decreased $46 million and Guarantor Subsidiaries Total Shareholders' Equity decreased $312 million, with corresponding offsetting adjustments presented on the same line items in the Consolidating Entries and Eliminations column, as of December 31, 2016. Furthermore, Net Income increased $4 million and $12 million for Guarantor Subsidiaries, with corresponding offsetting adjustments presented on the same line items in the Consolidating Entries and Eliminations column, for the three and nine month periods ended September 30, 2016, respectively. The change did not impact the Non-Guarantor Subsidiaries presentation in the previously issued consolidating financial statements.

Certain Non-Guarantor Subsidiaries of the Parent Company are limited in their ability to remit funds to it by means of dividends, advances or loans due to required foreign government and/or currency exchange board approvals or limitations in credit agreements or other debt instruments of those subsidiaries.

- 25-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Condensed Consolidating Balance Sheet
	September 30, 2017
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	59	$	36	$	727	$	—		$	822
Accounts Receivable, net	660		153		1,859		—			2,672
Accounts Receivable From Affiliates	—		144		260		(404		)	—
Inventories	1,582		52		1,401		(44		)	2,991
Prepaid Expenses and Other Current Assets	73		2		165		2			242
Total Current Assets	2,374		387		4,412		(446		)	6,727
Goodwill	24		1		435		127			587
Intangible Assets	117		—		20		—			137
Deferred Income Taxes	1,883		39		434		—			2,356
Other Assets	215		53		443		3			714
Investments in Subsidiaries	4,689		592		—		(5,281		)	—
Property, Plant and Equipment, net	2,469		403		4,486		(27		)	7,331
Total Assets	$	11,771	$	1,475	$	10,230	$	(5,624	)	$	17,852
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	822	$	104	$	1,698	$	—		$	2,624
Accounts Payable to Affiliates	404		—		—		(404		)	—
Compensation and Benefits	306		16		260		—			582
Other Current Liabilities	342		9		711		—			1,062
Notes Payable and Overdrafts	30		—		246		—			276
Long Term Debt and Capital Leases Due Within One Year	4		—		374		—			378
Total Current Liabilities	1,908		129		3,289		(404		)	4,922
Long Term Debt and Capital Leases	3,974		52		1,711		—			5,737
Compensation and Benefits	620		104		735		—			1,459
Deferred Income Taxes	—		1		90		—			91
Other Long Term Liabilities	387		11		124		—			522
Total Liabilities	6,889		297		5,949		(404		)	12,731
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	246		—		—		—			246
Other Equity	4,636		1,178		4,042		(5,220		)	4,636
Goodyear Shareholders’ Equity	4,882		1,178		4,042		(5,220		)	4,882
Minority Shareholders’ Equity — Nonredeemable	—		—		239		—			239
Total Shareholders’ Equity	4,882		1,178		4,281		(5,220		)	5,121
Total Liabilities and Shareholders’ Equity	$	11,771	$	1,475	$	10,230	$	(5,624	)	$	17,852

- 26-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Condensed Consolidating Balance Sheet
	December 31, 2016
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	188	$	55	$	889	$	—		$	1,132
Accounts Receivable, net	589		106		1,074		—			1,769
Accounts Receivable From Affiliates	—		277		270		(547		)	—
Inventories	1,443		25		1,178		(19		)	2,627
Prepaid Expenses and Other Current Assets	57		3		130		—			190
Total Current Assets	2,277		466		3,541		(566		)	5,718
Goodwill	24		—		391		120			535
Intangible Assets	118		—		18		—			136
Deferred Income Taxes	2,010		31		373		—			2,414
Other Assets	223		53		387		5			668
Investments in Subsidiaries	4,344		541		—		(4,885		)	—
Property, Plant and Equipment, net	2,481		308		4,279		(28		)	7,040
Total Assets	$	11,477	$	1,399	$	8,989	$	(5,354	)	$	16,511
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	905	$	142	$	1,542	$	—		$	2,589
Accounts Payable to Affiliates	547		—		—		(547		)	—
Compensation and Benefits	365		15		204		—			584
Other Current Liabilities	355		—		611		(3		)	963
Notes Payable and Overdrafts	—		—		245		—			245
Long Term Debt and Capital Leases Due Within One Year	6		—		430		—			436
Total Current Liabilities	2,178		157		3,032		(550		)	4,817
Long Term Debt and Capital Leases	3,685		—		1,113		—			4,798
Compensation and Benefits	682		98		680		—			1,460
Deferred Income Taxes	—		1		84		—			85
Other Long Term Liabilities	425		12		188		1			626
Total Liabilities	6,970		268		5,097		(549		)	11,786
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	252		—		—		—			252
Other Equity	4,255		1,131		3,674		(4,805		)	4,255
Goodyear Shareholders’ Equity	4,507		1,131		3,674		(4,805		)	4,507
Minority Shareholders’ Equity — Nonredeemable	—		—		218		—			218
Total Shareholders’ Equity	4,507		1,131		3,892		(4,805		)	4,725
Total Liabilities and Shareholders’ Equity	$	11,477	$	1,399	$	8,989	$	(5,354	)	$	16,511

- 27-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Consolidating Statements of Operations
	Three Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net Sales	$	1,790		$	294		$	2,448	$	(611	)	$	3,921
Cost of Goods Sold	1,402			264			2,024		(621		)	3,069
Selling, Administrative and General Expense	233			10			313		—			556
Rationalizations	20			—			26		—			46
Interest Expense	62			2			34		(14		)	84
Other (Income) Expense	(54		)	(9		)	4		63			4
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	127			27			47		(39		)	162
United States and Foreign Taxes	9			6			12		3			30
Equity in Earnings of Subsidiaries	11			(3		)	—		(8		)	—
Net Income (Loss)	129			18			35		(50		)	132
Less: Minority Shareholders’ Net Income	—			—			3		—			3
Goodyear Net Income (Loss)	$	129		$	18		$	32	$	(50	)	$	129
Comprehensive Income (Loss)	$	166		$	16		$	86	$	(98	)	$	170
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			4		—			4
Goodyear Comprehensive Income (Loss)	$	166		$	16		$	82	$	(98	)	$	166

	Consolidating Statements of Operations
	Three Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	1,888		$	323	$	2,319		$	(683	)	$	3,847
Cost of Goods Sold	1,394			298		1,737			(693		)	2,736
Selling, Administrative and General Expense	268			9		322			—			599
Rationalizations	7			—		128			—			135
Interest Expense	64			2		24			—			90
Other (Income) Expense	(24		)	—		(7		)	8			(23		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	179			14		115			2			310
United States and Foreign Taxes	(55		)	3		41			1			(10		)
Equity in Earnings of Subsidiaries	83			10		—			(93		)	—
Net Income (Loss)	317			21		74			(92		)	320
Less: Minority Shareholders’ Net Income	—			—		3			—			3
Goodyear Net Income (Loss)	$	317		$	21	$	71		$	(92	)	$	317
Comprehensive Income (Loss)	$	322		$	21	$	70		$	(88	)	$	325
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—		3			—			3
Goodyear Comprehensive Income (Loss)	$	322		$	21	$	67		$	(88	)	$	322

- 28-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	5,420		$	883		$	7,066		$	(2,063	)	$	11,306
Cost of Goods Sold	4,244			824			5,662			(2,104		)	8,626
Selling, Administrative and General Expense	740			29			949			—			1,718
Rationalizations	22			—			80			—			102
Interest Expense	196			6			96			(38		)	260
Other (Income) Expense	(73		)	(8		)	(19		)	109			9
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	291			32			298			(30		)	591
United States and Foreign Taxes	69			6			61			—			136
Equity in Earnings of Subsidiaries	220			28			—			(248		)	—
Net Income (Loss)	442			54			237			(278		)	455
Less: Minority Shareholders’ Net Income	—			—			13			—			13
Goodyear Net Income (Loss)	$	442		$	54		$	224		$	(278	)	$	442
Comprehensive Income (Loss)	$	625		$	57		$	426		$	(456	)	$	652
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			27			—			27
Goodyear Comprehensive Income (Loss)	$	625		$	57		$	399		$	(456	)	$	625

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	5,564		$	988	$	6,922		$	(2,057	)	$	11,417
Cost of Goods Sold	4,131			922		5,311			(2,114		)	8,250
Selling, Administrative and General Expense	799			30		979			(1		)	1,807
Rationalizations	12			—		182			—			194
Interest Expense	210			9		77			(11		)	285
Other (Income) Expense	(29		)	1		(17		)	48			3
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	441			26		390			21			878
United States and Foreign Taxes	50			2		104			5			161
Equity in Earnings of Subsidiaries	312			31		—			(343		)	—
Net Income (Loss)	703			55		286			(327		)	717
Less: Minority Shareholders’ Net Income	—			—		14			—			14
Goodyear Net Income (Loss)	$	703		$	55	$	272		$	(327	)	$	703
Comprehensive Income (Loss)	$	756		$	35	$	311		$	(330	)	$	772
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—		16			—			16
Goodyear Comprehensive Income (Loss)	$	756		$	35	$	295		$	(330	)	$	756

- 29-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	179		$	—		$	(303	)	$	(30	)	$	(154	)
Cash Flows from Investing Activities:
Capital Expenditures	(247		)	(115		)	(323		)	2			(683		)
Asset Dispositions	1			—			8			—			9
Short Term Securities Acquired	—			—			(51		)	—			(51		)
Short Term Securities Redeemed	—			—			51			—			51
Capital Contributions and Loans Incurred	(75		)	—			(41		)	116			—
Capital Redemptions and Loans Paid	21			—			61			(82		)	—
Other Transactions	—			—			(1		)	—			(1		)
Total Cash Flows from Investing Activities	(300		)	(115		)	(296		)	36			(675		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	175			—			369			—			544
Short Term Debt and Overdrafts Paid	(145		)	—			(378		)	—			(523		)
Long Term Debt Incurred	2,597			52			2,323			—			4,972
Long Term Debt Paid	(2,310		)	—			(1,883		)	—			(4,193		)
Common Stock Issued	12			—			—			—			12
Common Stock Repurchased	(205		)	—			—			—			(205		)
Common Stock Dividends Paid	(75		)	—			—			—			(75		)
Capital Contributions and Loans Incurred	41			62			13			(116		)	—
Capital Redemptions and Loans Paid	(61		)	(21		)	—			82			—
Intercompany Dividends Paid	—			—			(28		)	28			—
Transactions with Minority Interests in Subsidiaries	—			—			(6		)	—			(6		)
Debt Related Costs and Other Transactions	(38		)	—			(31		)	—			(69		)
Total Cash Flows from Financing Activities	(9		)	93			379			(6		)	457
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			3			48			—			51
Net Change in Cash, Cash Equivalents and Restricted Cash	(130		)	(19		)	(172		)	—			(321		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	210			55			924			—			1,189
Cash, Cash Equivalents and Restricted Cash at End of the Period	$	80		$	36		$	752		$	—		$	868

- 30-

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	31		$	26		$	261		$	(28	)	$	290
Cash Flows from Investing Activities:
Capital Expenditures	(271		)	(69		)	(375		)	4			(711		)
Asset Dispositions	11			—			2			—			13
Short Term Securities Acquired	—			—			(46		)	—			(46		)
Short Term Securities Redeemed	—			—			34			—			34
Capital Contributions and Loans Incurred	(165		)	—			(248		)	413			—
Capital Redemptions and Loans Paid	48			—			148			(196		)	—
Other Transactions	—			—			2			—			2
Total Cash Flows from Investing Activities	(377		)	(69		)	(483		)	221			(708		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	—			—			219			—			219
Short Term Debt and Overdrafts Paid	—			—			(99		)	—			(99		)
Long Term Debt Incurred	2,339			—			1,790			—			4,129
Long Term Debt Paid	(2,034		)	—			(1,991		)	—			(4,025		)
Common Stock Issued	9			—			—			—			9
Common Stock Repurchased	(200		)	—			—			—			(200		)
Common Stock Dividends Paid	(56		)	—			—			—			(56		)
Capital Contributions and Loans Incurred	248			59			106			(413		)	—
Capital Redemptions and Loans Paid	(148		)	(25		)	(23		)	196			—
Intercompany Dividends Paid	—			—			(24		)	24			—
Transactions with Minority Interests in Subsidiaries	—			—			(9		)	—			(9		)
Debt Related Costs and Other Transactions	(66		)	—			(11		)	—			(77		)
Total Cash Flows from Financing Activities	92			34			(42		)	(193		)	(109		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			1			24			—			25
Net Change in Cash, Cash Equivalents and Restricted Cash	(254		)	(8		)	(240		)	—			(502		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	361			67			1,074			—			1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period	$	107		$	59		$	834		$	—		$	1,000

- 31-

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

All per share amounts are diluted and refer to Goodyear net income (loss).

OVERVIEW

The Goodyear Tire & Rubber Company is one of the world’s leading manufacturers of tires, with one of the most recognizable brand names in the world and operations in most regions of the world. We have a broad global footprint with 48 manufacturing facilities in 22 countries, including the United States. We operate our business through three operating segments representing our regional tire businesses: Americas; Europe, Middle East and Africa (“EMEA”); and Asia Pacific.

During the third quarter of 2017, members of the United Steelworkers ratified a new five-year master collective bargaining agreement with us. The new contract, which expires in July 2022, provides increased stability by changing from a four-year to a five-year agreement, operational improvements that increase manufacturing flexibility, and health care changes to help manage costs.

Results of Operations

In the third quarter of 2017, we continued to experience challenging global industry conditions, including higher raw material costs, increased competition and weak demand in many of our key markets, particularly for consumer tires in the United States and Europe.

In addition, Hurricane Harvey in Texas and Hurricane Irma in Florida directly impacted several Company-owned facilities, resulting in hurricane-related expenses of $12 million and negatively impacting Americas operating income by about $5 million. The hurricanes also adversely impacted overall consumer replacement tire demand in the United States.

Our third quarter of 2017 results reflect a 5.2% decrease in tire unit shipments compared to the third quarter of 2016. In the third quarter of 2017, we realized approximately $72 million of cost savings, including raw material cost saving measures of approximately $32 million, which exceeded the impact of general inflation.

Net sales in the third quarter of 2017 were $3,921 million, compared to $3,847 million in the third quarter of 2016. Net sales increased in the third quarter of 2017 due primarily to increases in price and product mix and favorable foreign currency translation, primarily in EMEA. These increases were partially offset by lower tire unit volumes, primarily in Americas and EMEA.

In the third quarter of 2017, Goodyear net income was $129 million, or $0.50 per share, compared to $317 million, or $1.19 per share, in the third quarter of 2016. The decrease in Goodyear net income was primarily driven by lower segment operating income, higher income tax expense and lower gains on asset sales. These decreases were partially offset by lower rationalization charges and lower corporate selling, administrative and general expense ("SAG").

Our total segment operating income for the third quarter of 2017 was $357 million, compared to $556 million in the third quarter of 2016. The $199 million decrease in segment operating income was due to higher raw material costs of $268 million, which more than offset improvements in price and product mix of $131 million, lower volume of $53 million, primarily in Americas and EMEA, and higher conversion costs of $38 million, primarily due to higher under-absorbed overhead as a result of lower production volume in Americas and EMEA. These decreases were partially offset by lower SAG of $28 million, primarily related to lower incentive compensation. Refer to "Results of Operations — Segment Information” for additional information.

Net sales in the first nine months of 2017 were $11,306 million, compared to $11,417 million in the first nine months of 2016. Net sales decreased in the first nine months of 2017 due to lower tire unit volumes, primarily in Americas and EMEA. This decrease was partially offset by increases in price and product mix, higher sales in other tire-related businesses, primarily related to higher prices for third-party chemical sales in Americas, and favorable foreign currency translation, primarily in Americas.

In the first nine months of 2017, Goodyear net income was $442 million, or $1.73 per share, compared to $703 million, or $2.62 per share, in the first nine months of 2016. The decrease in Goodyear net income was driven by lower segment operating income. This decrease was partially offset by lower rationalization charges, lower corporate SAG, primarily related to lower incentive compensation, lower income tax expense and lower interest expense.

Our total segment operating income for the first nine months of 2017 was $1,103 million, compared to $1,506 million in the first nine months of 2016. The $403 million decrease in segment operating income was due primarily to an increase in raw material costs of $446 million, which more than offset improvements in price and product mix of $305 million, lower volume of $185 million, and higher conversion costs of $108 million, primarily due to higher under-absorbed overhead as a result of lower production volume in Americas and EMEA. These decreases were partially offset by lower SAG of $58 million, primarily related to lower incentive compensation. Refer to "Results of Operations — Segment Information” for additional information.

At September 30, 2017, we had $822 million of Cash and cash equivalents as well as $2,420 million of unused availability under our various credit agreements, compared to $1,132 million and $2,970 million, respectively, at December 31, 2016. Cash and cash

- 32-

equivalents decreased by $310 million from December 31, 2016 due primarily to cash used for working capital of $1,056 million, capital expenditures of $683 million, $280 million in common stock repurchases and dividends, and redemption premiums paid of $25 million. These uses of cash were partially offset by net income of $455 million, which included non-cash depreciation and amortization charges of $586 million, and net borrowings of $800 million. Refer to "Liquidity and Capital Resources" for additional information.

Outlook

We now expect that our full-year tire unit volume for 2017 will be down approximately 5% compared to 2016, and for under-absorbed fixed overhead costs to be approximately $145 million higher in 2017 compared to 2016. We continue to expect cost savings to more than offset general inflation in 2017. Based on current spot rates, we now expect foreign currency translation to be a benefit of approximately $10 million in 2017 compared to 2016.

Based on current raw material spot prices, for the full year of 2017, we continue to expect our raw material costs will be approximately 20% higher than 2016, excluding raw material cost saving measures. However, given the industry environment, we now expect those higher raw material costs to exceed improvements in price and product mix by approximately $300 million. Natural and synthetic rubber prices and other commodity prices historically have experienced significant volatility, and this estimate could change significantly based on fluctuations in the cost of these and other key raw materials. We are continuing to focus on price and product mix, to substitute lower cost materials where possible, to work to identify additional substitution opportunities, to reduce the amount of material required in each tire, and to pursue alternative raw materials.

Refer to “Forward-Looking Information — Safe Harbor Statement” for a discussion of our use of forward-looking statements in this Form 10-Q.

RESULTS OF OPERATIONS

CONSOLIDATED

Three Months Ended September 30, 2017 and 2016

Net sales in the third quarter of 2017 were $3,921 million, increasing $74 million, or 1.9%, from $3,847 million in the third quarter of 2016. Goodyear net income was $129 million, or $0.50 per share, in the third quarter of 2017, compared to $317 million, or $1.19 per share, in the third quarter of 2016.

Net sales increased in the third quarter of 2017, due primarily to increases in price and product mix of $165 million, favorable foreign currency translation of $72 million, primarily in EMEA, and higher sales in other tire-related businesses of $15 million, driven by higher prices for third-party chemical sales in Americas. These increases were partially offset by lower tire unit volume of $177 million, primarily in Americas and EMEA.

Worldwide tire unit sales in the third quarter of 2017 were 39.8 million units, decreasing 2.2 million units, or 5.2%, from 42.0 million units in the third quarter of 2016. Replacement tire volume decreased 1.1 million units, or 3.8%, primarily in Americas. OE tire volume decreased 1.1 million units, or 8.8%, primarily in Americas and EMEA.

Cost of goods sold (“CGS”) in the third quarter of 2017 was $3,069 million, increasing $333 million, or 12.2%, from $2,736 million in the third quarter of 2016. CGS increased due to higher raw material costs of $268 million, foreign currency translation of $58 million, higher conversion costs of $38 million, primarily due to increased under-absorbed overhead resulting from lower production volumes, primarily in Americas and EMEA, higher costs related to product mix of $34 million, and higher costs in other tire-related businesses of $14 million, primarily related to third-party chemical sales in Americas. These increases were partially offset by lower tire volume of $124 million, primarily in Americas and EMEA.

CGS in the third quarter of 2017 included pension expense of $12 million, excluding pension settlement charges of $6 million ($4 million after-tax and minority), compared to $10 million in 2016. CGS in the third quarter of 2017 included accelerated depreciation of $10 million ($7 million after-tax and minority) related to the closure of our manufacturing facility in Philippsburg, Germany compared to $3 million ($2 million after-tax and minority) in the third quarter of 2016 primarily related to the closure of our Wolverhampton, U.K. facility. CGS in the third quarter of 2017 and 2016 also included incremental savings from rationalization plans of $14 million and $5 million, respectively. CGS was 78.3% of sales in the third quarter of 2017 compared to 71.1% in the third quarter of 2016.

SAG in the third quarter of 2017 was $556 million, decreasing $43 million, or 7.2%, from $599 million in the third quarter of 2016. SAG decreased primarily due to lower wages and benefits of $42 million, primarily due to lower incentive compensation, and lower advertising costs of $10 million. These decreases were partially offset by foreign currency translation of $10 million, primarily in EMEA.

SAG in the third quarter of 2017 included pension expense of $10 million, excluding pension settlement charges of $7 million ($4 million after-tax and minority), compared to $8 million in 2016. SAG in the third quarter of 2017 and 2016 also included

- 33-

incremental savings from rationalization plans of $11 million and $10 million, respectively. SAG was 14.2% of sales in the third quarter of 2017, compared to 15.6% in the third quarter of 2016.

We recorded net rationalization charges of $46 million ($31 million after-tax and minority) in the third quarter of 2017 and $135 million ($133 million after-tax and minority) in the third quarter of 2016. In the third quarter of 2017, we recorded charges of $26 million for rationalization actions initiated during 2017, which primarily related to a global plan to reduce SAG headcount. We also recorded charges of $20 million related to prior year plans, primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany and a separate global plan to reduce SAG headcount. In the third quarter of 2016, we recorded charges of $128 million for rationalization actions initiated during the quarter, which primarily related to the plan to close our manufacturing facility in Philippsburg, Germany. We also recorded charges of $7 million related to prior year plans.

Interest expense in the third quarter of 2017 was $84 million, decreasing $6 million, or 6.7%, from $90 million in the third quarter of 2016. The decrease was due to a lower average interest rate of 5.39% in the third quarter of 2017 compared to 5.94% in the third quarter of 2016, partially offset by a higher average debt balance of $6,234 million in the third quarter of 2017 compared to $6,132 million in the third quarter of 2016.

Other (Income) Expense in the third quarter of 2017 was $4 million of expense, compared to $23 million of income in the third quarter of 2016. The quarter-over-quarter change was primarily attributable to a decrease of $26 million in net gains on asset sales from $27 million in 2016 to $1 million in 2017 driven by the sale of a former wire plant site in Luxembourg and our interest in a supply chain logistics company during 2016. Other (Income) Expense in 2017 also included $12 million ($11 million after-tax and minority) for hurricane related expenses and a benefit of $5 million ($3 million after-tax and minority) related to the recovery of past costs from certain asbestos insurers.

In the third quarter of 2017, we recorded income tax expense of $30 million on income before income taxes of $162 million. Income tax expense in the third quarter of 2017 was favorably impacted by $12 million ($12 million after minority interest) of various discrete tax adjustments. In the third quarter of 2016, we recorded an income tax benefit of $10 million on income before income taxes of $310 million. The income tax benefit in the third quarter of 2016 included $118 million ($120 million after minority interest) of various discrete tax adjustments primarily consisting of a tax benefit resulting from changing our election for our 2009, 2010 and 2012 U.S. tax years from deducting foreign taxes to crediting foreign taxes due to improvements in U.S. income that should allow us to fully utilize the value of the credits.

We record taxes based on overall estimated annual effective tax rates. The difference between our effective tax rate and the U.S. statutory rate was primarily attributable to the discrete items noted above and an overall lower effective tax rate in the foreign jurisdictions in which we operate.

Our losses in various foreign taxing jurisdictions in recent periods represented sufficient negative evidence to require us to maintain a full valuation allowance against certain of our net foreign deferred tax assets. Each reporting period we assess available positive and negative evidence and estimate if sufficient future taxable income will be generated to utilize these existing deferred tax assets. We do not believe that sufficient positive evidence required to release all or a significant portion of these valuation allowances will exist within the next twelve months.

Minority shareholders’ net income in the third quarter of 2017 and 2016 was $3 million for each period.

Nine Months Ended September 30, 2017 and 2016

Net sales in the first nine months of 2017 were $11,306 million, decreasing $111 million, or 1.0%, from $11,417 million in the first nine months of 2016. Goodyear net income was $442 million, or $1.73 per share, in the first nine months of 2017, compared to $703 million, or $2.62 per share, in the first nine months of 2016.

Net sales decreased in the first nine months of 2017, due primarily to lower tire unit volume of $638 million, primarily in Americas and EMEA. This decrease was partially offset by increases in price and product mix of $367 million, higher sales in other tire-related businesses of $99 million, primarily related to higher prices for third-party chemical sales in Americas, and favorable foreign currency translation of $61 million, primarily in Americas.

Worldwide tire unit sales in the first nine months of 2017 were 117.2 million units, decreasing 7.8 million units, or 6.3%, from 125.0 million units in the first nine months of 2016. Replacement tire volume decreased 4.7 million units, or 5.5%, primarily in EMEA and Americas. OE tire volume decreased 3.1 million units, or 8.2%, primarily in Americas and EMEA.

CGS in the first nine months of 2017 was $8,626 million, increasing $376 million, or 4.6%, from $8,250 million in the first nine months of 2016. CGS increased due to higher raw material costs of $446 million, higher costs in other tire-related businesses of $122 million, driven by third-party chemical sales in Americas, higher conversion costs of $108 million, primarily due to increased under-absorbed overhead resulting from lower production volumes, primarily in Americas and EMEA, higher costs related to product mix of $62 million and foreign currency translation of $57 million, primarily in Americas. These increases were partially offset by lower tire volume of $453 million, primarily in Americas and EMEA.

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CGS in the first nine months of 2017 included pension expense of $36 million, compared to $34 million in 2016, excluding settlement charges of $6 million ($4 million after-tax and minority) in 2017 and $14 million in 2016. CGS in the first nine months of 2017 also included accelerated depreciation of $39 million ($28 million after-tax and minority) primarily related to the closure of our manufacturing facility in Philippsburg, Germany compared to $10 million ($9 million after-tax and minority) in the first nine months of 2016 primarily related to the closure of our Wolverhampton, U.K. mixing and retreading facility. CGS in the first nine months of 2017 and 2016 also included incremental savings from rationalization plans of $27 million and $8 million, respectively. CGS was 76.3% of sales in the first nine months of 2017 compared to 72.3% in the first nine months of 2016.

SAG in the first nine months of 2017 was $1,718 million, decreasing $89 million, or 4.9%, from $1,807 million in the first nine months of 2016. SAG decreased primarily due to lower wages and benefits of $73 million, primarily related to lower incentive compensation, and lower advertising costs of $33 million. These decreases were partially offset by unfavorable foreign currency translation of $7 million.

SAG in the first nine months of 2017 included pension expense of $28 million, excluding pension settlement charges of $7 million ($4 million after-tax and minority), compared to $23 million in the first nine months of 2016. SAG in the first nine months of 2017 and 2016 also included incremental savings from rationalization plans of $29 million and $24 million, respectively. SAG was 15.2% of sales in the first nine months of 2017, compared to 15.8% in the first nine months of 2016.

We recorded net rationalization charges of $102 million ($71 million after-tax and minority) in the first nine months of 2017 and $194 million ($186 million after-tax and minority) in the first nine months of 2016. In the first nine months of 2017, we recorded charges of $52 million for rationalization actions initiated during 2017, which primarily related to a global plan to reduce SAG headcount and plans to improve operating efficiency and reduce SAG headcount in EMEA. We also recorded charges of $50 million related to prior year plans, primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany, a separate global plan to reduce SAG headcount and a plan to reduce manufacturing headcount in certain countries in EMEA. In the first nine months of 2016, we recorded charges of $171 million for rationalization actions initiated during 2016, which primarily related to the plan to close our manufacturing facility in Philippsburg, Germany and manufacturing headcount reductions in EMEA. We also recorded charges of $23 million related to prior year plans, including additional associate-related and dismantling costs related to the closure of one of our manufacturing facilities in Amiens, France.

Interest expense in the first nine months of 2017 was $260 million, decreasing $25 million, or 8.8%, from $285 million in the first nine months of 2016. The decrease was due to a lower average interest rate of 5.80% in the first nine months of 2017 compared to 6.28% in the first nine months of 2016, and a lower average debt balance of $5,981 million in the first nine months of 2017 compared to $6,052 million in the first nine months of 2016. In addition, interest expense included charges of $6 million ($4 million after-tax and minority) and $11 million ($8 million after-tax and minority) for the nine months ended September 30, 2017 and 2016, respectively, related to the write-off of deferred financing fees.

Other (Income) Expense in the first nine months of 2017 was $9 million of expense, compared to $3 million of expense in the first nine months of 2016. Other (Income) Expense in 2017 included charges of $25 million ($15 million after-tax and minority) for the premium paid in conjunction with the redemption of our $700 million 7% senior notes due 2022 and $12 million ($11 million after-tax and minority) for hurricane related expenses. Other (Income) Expense in 2017 also included $14 million ($12 million after-tax and minority) in net gains on asset sales including a gain on the sale of a former wire plant site in Luxembourg and a benefit of $5 million ($3 million after-tax and minority) related to the recovery of past costs from certain asbestos insurers.

In the first nine months of 2017, we recorded income tax expense of $136 million on income before income taxes of $591 million. Income tax expense in the first nine months of 2017 was favorably impacted by $23 million ($23 million after minority interest) of various discrete tax adjustments. In the first nine months of 2016, we recorded income tax expense of $161 million on income before income taxes of $878 million. Income tax expense in the first nine months of 2016 was favorably impacted by $127 million ($128 million after minority interest) of various discrete tax adjustments, primarily comprised of a tax benefit resulting from changing our election for our 2009, 2010 and 2012 U.S. tax years from deducting foreign taxes to crediting foreign taxes due to improvements in U.S. income that should allow us to utilize the value of the credits.

We record taxes based on overall estimated annual effective tax rates. The difference between our effective tax rate and the U.S. statutory rate was primarily attributable to the discrete items noted above and an overall lower effective tax rate in the foreign jurisdictions in which we operate.

Minority shareholders’ net income in the first nine months of 2017 was $13 million, compared to $14 million in 2016.

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SEGMENT INFORMATION

Segment information reflects our strategic business units (“SBUs”), which are organized to meet customer requirements and global competition and are segmented on a regional basis.

Results of operations are measured based on net sales to unaffiliated customers and segment operating income. Each segment exports tires to other segments. The financial results of each segment exclude sales of tires exported to other segments, but include operating income derived from such transactions. Segment operating income is computed as follows: Net Sales less CGS (excluding asset write-off and accelerated depreciation charges) and SAG (including certain allocated corporate administrative expenses). Segment operating income also includes certain royalties and equity in earnings of most affiliates. Segment operating income does not include net rationalization charges (credits), asset sales and certain other items including pension curtailments and settlements.

Management believes that total segment operating income is useful because it represents the aggregate value of income created by our SBUs and excludes items not directly related to the SBUs for performance evaluation purposes. Total segment operating income is the sum of the individual SBUs’ segment operating income. Refer to Note to the Consolidated Financial Statements No. 6, Business Segments, in this Form 10-Q for further information and for a reconciliation of total segment operating income to Income before Income Taxes.

Total segment operating income in the third quarter of 2017 was $357 million, decreasing $199 million, or 35.8%, from $556 million in the third quarter of 2016. Total segment operating margin (segment operating income divided by segment sales) in the third quarter of 2017 was 9.1%, compared to 14.5% in the third quarter of 2016. Total segment operating income in the first nine months of 2017 was $1,103 million, decreasing $403 million, or 26.8%, from $1,506 million in the first nine months of 2016. Total segment operating margin in the first nine months of 2017 was 9.8%, compared to 13.2% in the first nine months of 2016.

Americas

	Three Months Ended September 30,											Nine Months Ended September 30,
										Percent											Percent
(In millions)	2017			2016			Change			Change		2017			2016			Change			Change
Tire Units	17.1			18.6			(1.5		)	(7.7	)%	51.4			55.4			(4.0		)	(7.2	)%
Net Sales	$	2,041		$	2,070		$	(29	)	(1.4	)%	$	6,028		$	6,111		$	(83	)	(1.4	)%
Operating Income	189			305			(116		)	(38.0	)%	616			856			(240		)	(28.0	)%
Operating Margin	9.3		%	14.7		%						10.2		%	14.0		%

Three Months Ended September 30, 2017 and 2016

Americas unit sales in the third quarter of 2017 decreased 1.5 million units, or 7.7%, to 17.1 million units. Replacement tire volume decreased 0.9 million units, or 6.4%, primarily in our consumer business in the United States, Mexico and Canada, partially offset by an increase in Brazil. Declines in consumer replacement tire volume in the United States were primarily driven by increased competition. OE tire volume decreased 0.6 million units, or 11.3%, primarily in our consumer business in the United States, driven by reduced OEM production, partially offset by an increase in Brazil.

Net sales in the third quarter of 2017 were $2,041 million, decreasing $29 million, or 1.4%, from $2,070 million in the third quarter of 2016. The decrease in net sales was primarily driven by lower tire unit volume of $124 million. This decrease was partially offset by improvements in price and product mix of $70 million, driven by the impact of higher raw material costs on pricing, higher sales in other tire-related businesses of $15 million, primarily driven by an increase in price for third-party sales of chemical products, and favorable foreign currency translation of $9 million, primarily in Brazil and Canada.

Operating income in the third quarter of 2017 was $189 million, decreasing $116 million, or 38.0%, from $305 million in the third quarter of 2016. The decrease in operating income was primarily due to increased raw material costs of $111 million, which more than offset improvements in price and product mix of $40 million, lower tire unit volume of $36 million, higher conversion costs of $17 million, primarily due to increased under-absorbed overhead resulting from lower production volumes, and incremental start-up costs of $7 million associated with our new plant in San Luis Potosi, Mexico. These decreases in operating income were partially offset by lower SAG of $8 million, primarily related to lower incentive compensation. SAG included incremental savings from rationalization plans of $7 million. During the third quarter of 2017, several Company facilities were directly impacted by Hurricanes Harvey and Irma, which negatively impacted Americas operating income by about $5 million.

Operating income in the third quarter of 2017 excluded rationalization charges of $4 million and net gains on asset sales of $1 million. Operating income in the third quarter of 2016 excluded rationalization charges of $6 million and accelerated depreciation charges of $1 million.

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Nine Months Ended September 30, 2017 and 2016

Americas unit sales in the first nine months of 2017 decreased 4.0 million units, or 7.2%, to 51.4 million units. Replacement tire volume decreased 2.2 million units, or 5.5%, primarily in our consumer business in the United States, Mexico and Canada, partially offset by an increase in Brazil. Declines in consumer replacement tire volume in the United States were primarily driven by increased competition. OE tire volume decreased 1.8 million units, or 11.7%, primarily in our consumer business in the United States and Canada, driven by reduced OEM production, partially offset by an increase in Brazil.

Net sales in the first nine months of 2017 were $6,028 million, decreasing $83 million, or 1.4%, from $6,111 million in the first nine months of 2016. The decrease in net sales was primarily driven by lower tire unit volume of $347 million. This decrease was partially offset by improvements in price and product mix of $112 million, driven by the impact of higher raw material costs on pricing, higher sales in our other tire-related businesses of $106 million, primarily due to an increase in price for third-party sales of chemical products, and favorable foreign currency translation of $45 million, primarily in Brazil.

Operating income in the first nine months of 2017 was $616 million, decreasing $240 million, or 28.0%, from $856 million in the first nine months of 2016. The decrease in operating income was due to increased raw material costs of $182 million, which more than offset improvements in price and product mix of $107 million, lower tire unit volume of $96 million, higher conversion costs of $77 million, primarily due to increased under-absorbed overhead resulting from lower production volumes, incremental start-up costs of $20 million associated with our new plant in San Luis Potosi, Mexico, and lower income in our other tire-related businesses of $17 million. These decreases in operating income were partially offset by an out of period adjustment of $24 million of expense in 2016 related to the elimination of intracompany profit, primarily related to the years 2012 to 2015, with the majority attributable to 2012, and lower SAG of $12 million, primarily related to lower incentive compensation. SAG included incremental savings from rationalization plans of $20 million. During the third quarter of 2017, several Company facilities were directly impacted by Hurricanes Harvey and Irma, which negatively impacted Americas operating income by about $5 million.

Operating income in the first nine months of 2017 excluded rationalization charges of $6 million and net gains on asset sales of $4 million. Operating income in the first nine months of 2016 excluded rationalization charges of $10 million and accelerated depreciation charges of $1 million.

Europe, Middle East and Africa

	Three Months Ended September 30,											Nine Months Ended September 30,
										Percent											Percent
(In millions)	2017			2016			Change			Change		2017			2016			Change			Change
Tire Units	14.9			15.4			(0.5		)	(4.0	)%	43.4			47.0			(3.6		)	(7.8	)%
Net Sales	$	1,311		$	1,236		$	75		6.1	%	$	3,664		$	3,748		$	(84	)	(2.2	)%
Operating Income	87			152			(65		)	(42.8	)%	262			380			(118		)	(31.1	)%
Operating Margin	6.6		%	12.3		%						7.2		%	10.1		%

Three Months Ended September 30, 2017 and 2016

Europe, Middle East and Africa unit sales in the third quarter of 2017 decreased 0.5 million units, or 4.0%, to 14.9 million units. OE tire volume decreased 0.4 million units, or 12.2%, primarily in our consumer business, driven by 16" and below rim size tires, primarily as a result of the continuation of our OE selectivity strategy and reduced OEM production on certain fitments. Replacement tire volume decreased 0.1 million units, or 1.4%.

Net sales in the third quarter of 2017 were $1,311 million, increasing $75 million, or 6.1%, from $1,236 million in the third quarter of 2016. Net sales increased primarily due to improvements in price and product mix of $61 million, primarily driven by the impact of higher raw material costs on pricing, and favorable foreign currency translation of $59 million, primarily due to strengthening of the euro, partially offset by devaluation of the Turkish lira. These increases were partially offset by lower tire unit volume of $47 million.

Operating income in the third quarter of 2017 was $87 million, decreasing $65 million, or 42.8%, from $152 million in the third quarter of 2016. Operating income decreased primarily due to higher raw material costs of $116 million which more than offset improvements in price and product mix of $63 million, higher conversion costs of $17 million, primarily related to increased under-absorbed overhead due to lower production levels, and lower volume of $14 million. These decreases were partially offset by lower SAG of $13 million, mainly related to lower wages and benefits and lower advertising costs. SAG and conversion costs included incremental savings from rationalization plans of $4 million and $14 million, respectively.

Operating income in the third quarter of 2017 excluded net rationalization charges of $25 million, primarily related to plans initiated to streamline operations and reduce complexity across EMEA, and accelerated depreciation of $10 million, related to the closure of our tire manufacturing facility in Philippsburg, Germany.

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Operating income in the third quarter of 2016 excluded net rationalization charges of $126 million, primarily related to the plan to close our manufacturing facility in Philippsburg, Germany and programs initiated to streamline operations and reduce complexity across EMEA, net gains on asset sales of $18 million, primarily related to the sale of a former wire plant site in Luxembourg, and accelerated depreciation of $2 million, primarily related to the closure of our Wolverhampton, U.K. mixing and retreading facility.

Nine Months Ended September 30, 2017 and 2016

Europe, Middle East and Africa unit sales in the first nine months of 2017 decreased 3.6 million units, or 7.8%, to 43.4 million units. Replacement tire volume decreased 2.6 million units, or 7.8%, primarily in our consumer business driven by decreased industry demand and increased competition. OE tire volume decreased 1.0 million units, or 8.0%, primarily in our consumer business, driven by 16" and below rim size tires, primarily as a result of the continuation of our OE selectivity strategy, increased competition and reduced OEM production.

Net sales in the first nine months of 2017 were $3,664 million, decreasing $84 million, or 2.2%, from $3,748 million in the first nine months of 2016. Net sales decreased due to lower tire unit volume of $282 million, partially offset by improvements in price and product mix of $182 million, primarily driven by the impact of higher raw material costs on pricing, and foreign currency translation of $18 million, due to strengthening of currencies across the region, partially offset by devaluation of the Turkish lira and British pound.

Operating income in the first nine months of 2017 was $262 million, decreasing $118 million, or 31.1% from $380 million in the first nine months of 2016. Operating income decreased primarily due to higher raw material costs of $167 million that more than offset improvements in price and product mix of $116 million, lower volume of $84 million and higher conversion costs of $30 million, primarily related to under-absorbed overhead due to lower production levels. These decreases were partially offset by lower SAG of $47 million, driven by lower advertising costs and wages and benefits. SAG and conversion costs included incremental savings from rationalization plans of $9 million and $27 million, respectively.

Operating income in the first nine months of 2017 excluded net rationalization charges of $78 million, primarily related to plans initiated to streamline operations and reduce complexity across EMEA, accelerated depreciation of $39 million, primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany, and gains on asset sales of $10 million, primarily related to the sale of a former wire plant site in Luxembourg.

Operating income in the first nine months of 2016 excluded net rationalization charges of $179 million, primarily related to the plan to close our manufacturing facility in Philippsburg, Germany and programs initiated to streamline operations and reduce complexity across EMEA, net gains on asset sales of $18 million, primarily related to the sale of a former wire plant site in Luxembourg, and accelerated depreciation of $9 million, primarily related to the closure of our Wolverhampton, U.K. mixing and retreading facility.

Asia Pacific

	Three Months Ended September 30,											Nine Months Ended September 30,
										Percent											Percent
(In millions)	2017			2016			Change			Change		2017			2016			Change			Change
Tire Units	7.8			8.0			(0.2		)	(1.5	)%	22.4			22.6			(0.2		)	(0.8	)%
Net Sales	$	569		$	541		$	28		5.2	%	$	1,614		$	1,558		$	56		3.6	%
Operating Income	81			99			(18		)	(18.2	)%	225			270			(45		)	(16.7	)%
Operating Margin	14.2		%	18.3		%						13.9		%	17.3		%

Three Months Ended September 30, 2017 and 2016

Asia Pacific unit sales in the third quarter of 2017 decreased 0.2 million units, or 1.5%, to 7.8 million units. Replacement tire volume decreased 0.1 million units, or 1.8%. OE tire volume decreased 0.1 million units, or 1.1%.

Net sales in the third quarter of 2017 were $569 million, increasing $28 million, or 5.2%, from $541 million in the third quarter of 2016. Net sales increased by $34 million due to improvements in price and product mix, primarily due to the impact of raw materials on pricing, and by $4 million due to favorable foreign currency translation. These increases were partially offset by lower volume of $6 million.

Operating income in the third quarter of 2017 was $81 million, decreasing $18 million, or 18.2%, from $99 million in the third quarter of 2016. Operating income decreased due to higher raw material costs of $41 million, which more than offset improvements in price and product mix of $28 million, a decrease in incentives recognized for the expansion of our factory in China of $5 million, higher conversion costs of $4 million, lower volume of $3 million, and a decrease in other tire-related businesses of $3 million. These decreases were partially offset by lower SAG of $7 million, primarily due to lower incentive compensation.

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Operating income in the third quarter of 2017 excluded net rationalization charges of $1 million.

Nine Months Ended September 30, 2017 and 2016

Asia Pacific unit sales in the first nine months of 2017 decreased 0.2 million units, or 0.8%, to 22.4 million units. Replacement tire volume increased 0.1 million units, or 0.6%. OE tire volume decreased 0.3 million units, or 2.9%, primarily in our consumer business in China, partially offset by increases in India.

Net sales in the first nine months of 2017 were $1,614 million, increasing $56 million, or 3.6%, from $1,558 million in the first nine months of 2016. Net sales increased by $73 million due to improvements in price and product mix, primarily due to the impact of raw materials on pricing. The increase was partially offset by lower volume of $9 million and lower sales in other tire-related businesses of $5 million.

Operating income in the first nine months of 2017 was $225 million, decreasing $45 million, or 16.7%, from $270 million in the first nine months of 2016. Operating income decreased due to higher raw material costs of $97 million, which more than offset improvements in price and product mix of $82 million, lower income in other tire-related businesses of $10 million, a decrease in incentives recognized for the expansion of our factory in China of $8 million, unfavorable foreign currency translation of $5 million, and lower volume of $5 million.

Operating income in the first nine months of 2017 excluded net rationalization charges of $2 million. Operating income in the first nine months of 2016 excluded net gains on asset sales of $1 million and net rationalization charges of $1 million.

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LIQUIDITY AND CAPITAL RESOURCES

Our primary sources of liquidity are cash generated from our operating and financing activities. Our cash flows from operating activities are driven primarily by our operating results and changes in our working capital requirements and our cash flows from financing activities are dependent upon our ability to access credit or other capital.

At September 30, 2017, we had $822 million in Cash and cash equivalents, compared to $1,132 million at December 31, 2016. For the nine months ended September 30, 2017, net cash used by operating activities was $154 million, primarily driven by cash used for working capital of $1,056 million, that was partially offset by net income of $455 million, which included non-cash charges for depreciation and amortization of $586 million. Net cash used in investing activities was $675 million, primarily reflecting capital expenditures of $683 million. Net cash provided by financing activities was $457 million, primarily due to net borrowings of $800 million, partially offset by cash used for common stock repurchases and dividends of $280 million.

At September 30, 2017, we had $2,420 million of unused availability under our various credit agreements, compared to $2,970 million at December 31, 2016. The table below presents unused availability under our credit facilities at those dates:

	September 30,		December 31,
(In millions)	2017		2016
First lien revolving credit facility	$	1,322	$	1,506
European revolving credit facility	260		579
Chinese credit facilities	218		252
Other foreign and domestic debt	269		319
Notes payable and overdrafts	351		314
	$	2,420	$	2,970

We have deposited our cash and cash equivalents and entered into various credit agreements and derivative contracts with financial institutions that we considered to be substantial and creditworthy at the time of such transactions. We seek to control our exposure to these financial institutions by diversifying our deposits, credit agreements and derivative contracts across multiple financial institutions, by setting deposit and counterparty credit limits based on long term credit ratings and other indicators of credit risk such as credit default swap spreads, and by monitoring the financial strength of these financial institutions on a regular basis. We also enter into master netting agreements with counterparties when possible. By controlling and monitoring exposure to financial institutions in this manner, we believe that we effectively manage the risk of loss due to nonperformance by a financial institution. However, we cannot provide assurance that we will not experience losses or delays in accessing our deposits or lines of credit due to the nonperformance of a financial institution. Our inability to access our cash deposits or make draws on our lines of credit, or the inability of a counterparty to fulfill its contractual obligations to us, could have a material adverse effect on our liquidity, financial position or results of operations in the period in which it occurs.

We expect our 2017 cash flow needs to include capital expenditures of approximately $800 million to $900 million. We also expect interest expense to range between $345 million and $355 million, restructuring payments to be approximately $225 million, dividends on our common stock to be approximately $110 million, and contributions to our funded non-U.S. pension plans to be approximately $50 million to $75 million. We expect working capital to be a use of cash of approximately $150 million in 2017. We intend to operate the business in a way that allows us to address these needs with our existing cash and available credit if they cannot be funded by cash generated from operations.

We believe that our liquidity position is adequate to fund our operating and investing needs and debt maturities in 2017 and to provide us with flexibility to respond to further changes in the business environment.

Our ability to service debt and operational requirements is also dependent, in part, on the ability of our subsidiaries to make distributions of cash to various other entities in our consolidated group, whether in the form of dividends, loans or otherwise. In certain countries where we operate, such as China and South Africa, transfers of funds into or out of such countries by way of dividends, loans, advances or payments to third-party or affiliated suppliers are generally or periodically subject to certain requirements, such as obtaining approval from the foreign government and/or currency exchange board before net assets can be transferred out of the country. In addition, certain of our credit agreements and other debt instruments limit the ability of foreign subsidiaries to make distributions of cash. Thus, we would have to repay and/or amend these credit agreements and other debt instruments in order to use this cash to service our consolidated debt. Because of the inherent uncertainty of satisfactorily meeting these requirements or limitations, we do not consider the net assets of our subsidiaries, including our Chinese and South African subsidiaries, that are subject to such requirements or limitations to be integral to our liquidity or our ability to service our debt and operational requirements. At September 30, 2017, approximately $809 million of net assets, including $139 million of cash and cash equivalents, were subject to such requirements. The requirements we must comply with to transfer funds out of China and South Africa have not adversely impacted our ability to make transfers out of those countries.

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Operating Activities

Net cash used by operating activities was $154 million in the first nine months of 2017, compared to net cash provided by operating activities of $290 million in the first nine months of 2016. Net cash used by operating activities in the first nine months of 2017 increased compared to 2016 primarily due to the $262 million decrease in net income, a $106 million increase in cash used for working capital and a $28 million increase in rationalization payments, driven by the closure of the Philippsburg, Germany manufacturing facility.

The increased use of cash for working capital in 2017 was primarily due to an increase of $237 million in cash used for accounts receivable, reflecting the impact of higher raw material costs on our pricing during 2017. This increase was partially offset by a $149 million decrease in cash used for accounts payable primarily due to the timing of current year payments, with higher average raw material prices being included in Accounts Payable - Trade on the balance sheet at September 30, 2017 as compared to 2016.

Investing Activities

Net cash used in investing activities was $675 million in the first nine months of 2017, compared to $708 million in the first nine months of 2016. Capital expenditures were $683 million in the first nine months of 2017, compared to $711 million in the first nine months of 2016. Beyond expenditures required to sustain our facilities, capital expenditures in 2017 and 2016 primarily related to the construction of a new manufacturing facility in Mexico and investments in additional capacity around the world.

Financing Activities

Net cash provided by financing activities was $457 million in the first nine months of 2017, compared to net cash used by financing activities of $109 million in the first nine months of 2016. Financing activities in 2017 included net borrowings of $800 million, which were partially offset by common stock repurchases of $205 million, dividends on our common stock of $75 million, and debt related costs and other transactions of $69 million, primarily due to debt refinancing activities. Financing activities in 2016 included net borrowings of $224 million, which were partially offset by common stock repurchases of $200 million, debt related costs and other transactions of $77 million, primarily due to debt refinancing activities, and dividends on our common stock of $56 million.

Credit Sources

In aggregate, we had total credit arrangements of $8,851 million available at September 30, 2017, of which $2,420 million were unused, compared to $8,491 million available at December 31, 2016, of which $2,970 million were unused. At September 30, 2017, we had long term credit arrangements totaling $8,224 million, of which $2,069 million were unused, compared to $7,932 million and $2,656 million, respectively, at December 31, 2016. At September 30, 2017, we had short term committed and uncommitted credit arrangements totaling $627 million, of which $351 million were unused, compared to $559 million and $314 million, respectively, at December 31, 2016. The continued availability of the short term uncommitted arrangements is at the discretion of the relevant lender and may be terminated at any time.

Outstanding Notes

At September 30, 2017, we had $3,321 million of outstanding notes, compared to $3,287 million at December 31, 2016.

$700 million 4.875% Senior Notes due 2027

In March 2017, we issued $700 million in aggregate principal amount of 4.875% senior notes due 2027. In May 2017, we used the proceeds of this offering, together with cash and cash equivalents, to redeem in full our $700 million 7% senior notes due 2022.

$2.0 Billion Amended and Restated First Lien Revolving Credit Facility due 2021

Our amended and restated first lien revolving credit facility is available in the form of loans or letters of credit, with letter of credit availability limited to $800 million. Availability under the facility is subject to a borrowing base, which is based primarily on (i) eligible accounts receivable and inventory of The Goodyear Tire & Rubber Company and certain of its U.S. and Canadian subsidiaries, (ii) the value of our principal trademarks, and (iii) certain cash in an amount not to exceed $200 million. To the extent that our eligible accounts receivable and inventory and other components of the borrowing base decline in value, our borrowing base will decrease and the availability under the facility may decrease below $2.0 billion. In addition, if the amount of outstanding borrowings and letters of credit under the facility exceeds the borrowing base, we are required to prepay borrowings and/or cash collateralize letters of credit sufficient to eliminate the excess. As of September 30, 2017, our borrowing base, and therefore our availability, under the facility was $266 million below the facility's stated amount of $2.0 billion. Based on our current liquidity, amounts drawn under this facility bear interest at LIBOR plus 125 basis points, and undrawn amounts under the facility will be subject to an annual commitment fee of 30 basis points.

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At September 30, 2017, we had $375 million of borrowings and $37 million of letters of credit issued under the revolving credit facility. At December 31, 2016, we had $85 million of borrowings and $40 million of letters of credit issued under the revolving credit facility.

During 2016, we began entering into bilateral letter of credit agreements.  At September 30, 2017, we had$326 million in letters of credit issued under these agreements.

Amended and Restated Second Lien Term Loan Facility due 2019

In March 2017, we amended our second lien term loan facility. As a result of the amendment, the term loan now bears interest, at our option, at (i) 200 basis points over LIBOR or (ii) 100 basis points over an alternative base rate (the higher of (a) the prime rate, (b) the federal funds effective rate or the overnight bank funding rate plus 50 basis points or (c) LIBOR plus 100 basis points). In addition, if the Total Leverage Ratio is equal to or less than 1.25 to 1.00, we have the option to further reduce the spreads described above by 25 basis points. "Total Leverage Ratio" has the meaning given it in the facility.

At September 30, 2017 and December 31, 2016, the amounts outstanding under this facility were $399 million.

€550 Million Amended and Restated Senior Secured European Revolving Credit Facility due 2020

Our amended and restated €550 million European revolving credit facility consists of (i) a €125 million German tranche that is available only to Goodyear Dunlop Tires Germany GmbH (“GDTG”) and (ii) a €425 million all-borrower tranche that is available to Goodyear Dunlop Tires Europe B.V. ("GDTE"), GDTG and Goodyear Dunlop Tires Operations S.A. Up to €150 million of swingline loans and €50 million in letters of credit are available for issuance under the all-borrower tranche. Amounts drawn under the facility will bear interest at LIBOR plus 175 basis points for loans denominated in U.S. dollars or pounds sterling and EURIBOR plus 175 basis points for loans denominated in euros, and undrawn amounts under the facility will be subject to an annual commitment fee of 30 basis points.

At September 30, 2017, there were $148 million (€125 million) of borrowings outstanding under the German tranche and there were $242 million (€205 million) of borrowings outstanding under the all-borrower tranche. At December 31, 2016, there were no borrowings outstanding under the European revolving credit facility. There were no letters of credit issued at September 30, 2017 and December 31, 2016.

Each of our first lien revolving credit facility and our European revolving credit facility have customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2015 under the first lien facility and December 31, 2014 under the European facility.

Accounts Receivable Securitization Facilities (On-Balance Sheet)

GDTE and certain other of our European subsidiaries are parties to a pan-European accounts receivable securitization facility that provides the flexibility to designate annually the maximum amount of funding available under the facility in an amount of not less than €45 million and not more than €450 million. For the period beginning October 16, 2016 to October 15, 2017, the designated maximum amount of the facility was €320 million. Effective October 16, 2017, the designated maximum amount of the facility was reduced to €275 million.

The facility involves an ongoing daily sale of substantially all of the trade accounts receivable of certain GDTE subsidiaries. Utilization under the facility is based on eligible receivable balances.

The funding commitments under the facility will expire upon the earliest to occur of: (a) September 25, 2019, (b) the non-renewal and expiration (without substitution) of all of the back-up liquidity commitments, (c) the early termination of the facility according to its terms (generally upon an Early Amortisation Event (as defined in the facility), which includes, among other things, events similar to the events of default under our senior secured credit facilities; certain tax law changes; or certain changes to law, regulation or accounting standards), or (d) our request for early termination of the facility. The facility’s current back-up liquidity commitments will expire on October 15, 2018.

At September 30, 2017, the amounts available and utilized under this program totaled $241 million (€204 million). At December 31, 2016, the amounts available and utilized under this program totaled $198 million (€188 million). The program does not qualify for sale accounting, and accordingly, these amounts are included in Long Term Debt and Capital Leases.

In addition to the pan-European accounts receivable securitization facility discussed above, subsidiaries in Australia have an accounts receivable securitization program that provides flexibility to designate semi-annually the maximum amount of funding available under the facility in an amount of not less than 60 million Australian dollars and not more than 85 million Australian dollars. From July 1, 2016 to December 31, 2017, the designated maximum amount of the facility is 60 million Australian dollars. Availability under this program is based on eligible receivable balances. At September 30, 2017, the amounts available and utilized under this program were $31 million (AUD 39 million) and $29 million (AUD 37 million), respectively. At December 31, 2016,

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the amounts available and utilized under this program were $28 million (AUD 39 million) and $12 million (AUD 16 million), respectively. The receivables sold under this program also serve as collateral for the related facility. We retain the risk of loss related to these receivables in the event of non-payment. These amounts are included in Long Term Debt and Capital Leases due Within One Year.

Accounts Receivable Factoring Facilities (Off-Balance Sheet)

We have sold certain of our trade receivables under off-balance sheet programs during the first nine months of 2017. For these programs, we have concluded that there is generally no risk of loss to us from non-payment of the sold receivables. At September 30, 2017, the gross amount of receivables sold was$495 million, compared to $502 million at December 31, 2016.

Supplier Financing

We have entered into payment processing agreements with several financial institutions. Under these agreements, the financial institution acts as our paying agent with respect to accounts payable due to our suppliers. These agreements also allow our suppliers to sell their receivables to the financial institutions at the sole discretion of both the supplier and the financial institution on terms that are negotiated between them. We are not always notified when our suppliers sell receivables under these programs. Our obligations to our suppliers, including the amounts due and scheduled payment dates, are not impacted by our suppliers' decisions to sell their receivables under the programs. Agreements for such financing programs totaled up to $500 million at September 30, 2017 and December 31, 2016.

Further Information

For a further description of the terms of our outstanding notes, first lien revolving credit facility, second lien term loan facility, European revolving credit facility and pan-European accounts receivable securitization facility, please refer to Note to the Consolidated Financial Statements No. 15, Financing Arrangements and Derivative Financial Instruments, in our 2016 Form 10-K and Note to the Consolidated Financial Statements No. 7, Financing Arrangements and Derivative Financial Instruments, in this Form 10-Q.

Covenant Compliance

Our first and second lien credit facilities and some of the indentures governing our notes contain certain covenants that, among other things, limit our ability to incur additional debt or issue redeemable preferred stock, pay dividends, repurchase shares or make certain other restricted payments or investments, incur liens, sell assets, incur restrictions on the ability of our subsidiaries to pay dividends or to make other payments to us, enter into affiliate transactions, engage in sale and leaseback transactions, and consolidate, merge, sell or otherwise dispose of all or substantially all of our assets. These covenants are subject to significant exceptions and qualifications. Our first and second lien credit facilities and the indentures governing our notes also have customary defaults, including cross-defaults to material indebtedness of Goodyear and its subsidiaries.

We have additional financial covenants in our first and second lien credit facilities that are currently not applicable. We only become subject to these financial covenants when certain events occur. These financial covenants and related events are as follows:

• We become subject to the financial covenant contained in our first lien revolving credit facility when the aggregate amount of our Parent Company (The Goodyear Tire & Rubber Company) and guarantor subsidiaries cash and cash equivalents (“Available Cash”) plus our availability under our first lien revolving credit facility is less than $200 million. If this were to occur, our ratio of EBITDA to Consolidated Interest Expense may not be less than 2.0 to 1.0 for the most recent period of four consecutive fiscal quarters. As of September 30, 2017, our availability under this facility of $1,322 million, plus our Available Cash of $95 million, totaled $1,417 million, which is in excess of $200 million.

• We become subject to a covenant contained in our second lien credit facility upon certain asset sales. The covenant provides that, before we use cash proceeds from certain asset sales to repay any junior lien, senior unsecured or subordinated indebtedness, we must first offer to use such cash proceeds to prepay borrowings under the second lien credit facility unless our ratio of Consolidated Net Secured Indebtedness to EBITDA (Pro Forma Senior Secured Leverage Ratio) for any period of four consecutive fiscal quarters is equal to or less than 3.0 to 1.0.

In addition, our European revolving credit facility contains non-financial covenants similar to the non-financial covenants in our first and second lien credit facilities that are described above and a financial covenant applicable only to GDTE and its subsidiaries. This financial covenant provides that we are not permitted to allow GDTE’s ratio of Consolidated Net J.V. Indebtedness to Consolidated European J.V. EBITDA for a period of four consecutive fiscal quarters to be greater than 3.0 to 1.0 at the end of any fiscal quarter. Consolidated Net J.V. Indebtedness is determined net of the sum of cash and cash equivalents in excess of $100 million held by GDTE and its subsidiaries, cash and cash equivalents in excess of $150 million held by the Parent Company and its U.S. subsidiaries, and availability under our first lien revolving credit facility if the ratio of EBITDA to Consolidated Interest Expense described above is not applicable and the conditions to borrowing under the first lien revolving credit facility are met. Consolidated Net J.V. Indebtedness also excludes loans from other consolidated Goodyear entities. This financial covenant is also included in

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our pan-European accounts receivable securitization facility. At September 30, 2017, we were in compliance with this financial covenant.

Our credit facilities also state that we may only incur additional debt or make restricted payments that are not otherwise expressly permitted if, after giving effect to the debt incurrence or the restricted payment, our ratio of EBITDA to Consolidated Interest Expense for the prior four fiscal quarters would exceed 2.0 to 1.0. Certain of our senior note indentures have substantially similar limitations on incurring debt and making restricted payments. Our credit facilities and indentures also permit the incurrence of additional debt through other provisions in those agreements without regard to our ability to satisfy the ratio-based incurrence test described above. We believe that these other provisions provide us with sufficient flexibility to incur additional debt necessary to meet our operating, investing and financing needs without regard to our ability to satisfy the ratio-based incurrence test.

Covenants could change based upon a refinancing or amendment of an existing facility, or additional covenants may be added in connection with the incurrence of new debt.

At September 30, 2017, we were in compliance with the currently applicable material covenants imposed by our principal credit facilities and indentures.

The terms “Available Cash,” “EBITDA,” “Consolidated Interest Expense,” “Consolidated Net Secured Indebtedness,” “Pro Forma Senior Secured Leverage Ratio,” “Consolidated Net J.V. Indebtedness” and “Consolidated European J.V. EBITDA” have the meanings given them in the respective credit facilities.

Potential Future Financings

In addition to our previous financing activities, we may seek to undertake additional financing actions which could include restructuring bank debt or capital markets transactions, possibly including the issuance of additional debt or equity. Given the challenges that we face and the uncertainties of the market conditions, access to the capital markets cannot be assured.

Our future liquidity requirements may make it necessary for us to incur additional debt. However, a substantial portion of our assets are already subject to liens securing our indebtedness. As a result, we are limited in our ability to pledge our remaining assets as security for additional secured indebtedness. In addition, no assurance can be given as to our ability to raise additional unsecured debt.

Dividends and Common Stock Repurchase Program

Under our primary credit facilities and some of our note indentures, we are permitted to pay dividends on and repurchase our capital stock (which constitute restricted payments) as long as no default will have occurred and be continuing, additional indebtedness can be incurred under the credit facilities or indentures following the payment, and certain financial tests are satisfied.

During the third quarter of 2017, cash dividends of $0.10 per share were declared on July 12, 2017 and paid on September 1, 2017. During the third quarter of 2016, cash dividends of $0.07 per share were declared on July 12, 2016 and paid on September 1, 2016, and cash dividends of $0.10 per share were declared on September 7, 2016 and paid during the fourth quarter of 2016 on December 1, 2016. In the first nine months of 2017 and 2016, we paid cash dividends of $75 million and $56 million, respectively, on our common stock. On October 10, 2017, the Board of Directors (or a duly authorized committee thereof) declared cash dividends of $0.14 per share of common stock, or approximately $35 million in the aggregate, which represents an increase of $0.04 per share. The dividend will be paid on December 1, 2017 to stockholders of record as of the close of business on November 1, 2017. Future quarterly dividends are subject to Board approval. We will pay dividends of $0.44 per share during 2017, and paid dividends of $0.31 per share during 2016.

On September 18, 2013, the Board of Directors approved our common stock repurchase program. From time to time, the Board of Directors has approved increases in the amount authorized to be purchased under that program. On February 2, 2017, the Board of Directors approved a further increase in that authorization to an aggregate of $2.1 billion. This program expires on December 31, 2019. We intend to repurchase shares of common stock in open market transactions in order to offset new shares issued under equity compensation programs and to provide for additional shareholder returns. During the third quarter of 2017, we repurchased 5,592,239 shares at an average price, including commissions, of $31.29 per share, or $175 million in the aggregate. During the first nine months of 2017, we repurchased 6,435,359 shares at an average price, including commissions, of $31.88 per share, or $205 million in the aggregate. Since 2013, we repurchased 37,649,469 shares at an average price, including commissions, of $29.71 per share, or $1,118 million in the aggregate.

The restrictions imposed by our credit facilities and indentures did not affect our ability to pay the dividends on or repurchase our capital stock as described above, and are not expected to affect our ability to pay similar dividends or make similar repurchases in the future.

Asset Dispositions

The restrictions on asset sales imposed by our material indebtedness have not affected our strategy of divesting non-core businesses, and those divestitures have not affected our ability to comply with those restrictions.

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FORWARD-LOOKING INFORMATION — SAFE HARBOR STATEMENT

Certain information in this Form 10-Q (other than historical data and information) may constitute forward-looking statements regarding events and trends that may affect our future operating results and financial position. The words “estimate,” “expect,” “intend” and “project,” as well as other words or expressions of similar meaning, are intended to identify forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this Quarterly Report on Form 10-Q. Such statements are based on current expectations and assumptions, are inherently uncertain, are subject to risks and should be viewed with caution. Actual results and experience may differ materially from the forward-looking statements as a result of many factors, including:

• if we do not successfully implement our strategic initiatives, our operating results, financial condition and liquidity may be materially adversely affected;

• we face significant global competition and our market share could decline;

• deteriorating economic conditions in any of our major markets, or an inability to access capital markets or third-party financing when necessary, may materially adversely affect our operating results, financial condition and liquidity;

• raw material and energy costs may materially adversely affect our operating results and financial condition;

• if we experience a labor strike, work stoppage or other similar event our business, results of operations, financial condition and liquidity could be materially adversely affected;

• our international operations have certain risks that may materially adversely affect our operating results, financial condition and liquidity;

• we have foreign currency translation and transaction risks that may materially adversely affect our operating results, financial condition and liquidity;

• our long term ability to meet our obligations, to repay maturing indebtedness or to implement strategic initiatives may be dependent on our ability to access capital markets in the future and to improve our operating results;

• financial difficulties, work stoppages, supply disruptions or economic conditions affecting our major OE customers, dealers or suppliers could harm our business;

• our capital expenditures may not be adequate to maintain our competitive position and may not be implemented in a timely or cost-effective manner;

• we have a substantial amount of debt, which could restrict our growth, place us at a competitive disadvantage or otherwise materially adversely affect our financial health;

• any failure to be in compliance with any material provision or covenant of our debt instruments, or a material reduction in the borrowing base under our revolving credit facility, could have a material adverse effect on our liquidity and operations;

• our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly;

• we have substantial fixed costs and, as a result, our operating income fluctuates disproportionately with changes in our net sales;

• we may incur significant costs in connection with our contingent liabilities and tax matters;

• our reserves for contingent liabilities and our recorded insurance assets are subject to various uncertainties, the outcome of which may result in our actual costs being significantly higher than the amounts recorded;

• we are subject to extensive government regulations that may materially adversely affect our operating results;

• we may be adversely affected by any disruption in, or failure of, our information technology systems due to computer viruses, unauthorized access, cyber-attack, natural disasters or other similar disruptions;

• if we are unable to attract and retain key personnel, our business could be materially adversely affected; and

• we may be impacted by economic and supply disruptions associated with events beyond our control, such as war, acts of terror, political unrest, public health concerns, labor disputes or natural disasters.

It is not possible to foresee or identify all such factors. We will not revise or update any forward-looking statement or disclose any facts, events or circumstances that occur after the date hereof that may affect the accuracy of any forward-looking statement.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We utilize derivative financial instrument contracts and nonderivative instruments to manage interest rate, foreign exchange and commodity price risks. We have established a control environment that includes policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities. We do not hold or issue derivative financial instruments for trading purposes.

Commodity Price Risk

The raw material costs to which our operations are principally exposed include the cost of natural rubber, synthetic rubber, carbon black, fabrics, steel cord and other petrochemical-based commodities. Approximately two-thirds of our raw materials are oil-based derivatives, the cost of which may be affected by fluctuations in the price of oil. We currently do not hedge commodity prices. We do, however, use various strategies to partially offset cost increases for raw materials, including centralizing purchases of raw materials through our global procurement organization in an effort to leverage our purchasing power, expanding our capabilities to substitute lower cost raw materials, and reducing the amount of material required in each tire.

Interest Rate Risk

We continuously monitor our fixed and floating rate debt mix. Within defined limitations, we manage the mix using refinancing. At September 30, 2017, 41% of our debt was at variable interest rates averaging 4.08%.

The following table presents information about long term fixed rate debt, excluding capital leases, at September 30, 2017:

(In millions)
Carrying amount — liability	$	3,580
Fair value — liability	3,779
Pro forma fair value — liability	3,903

The pro forma information assumes a 100 basis point decrease in market interest rates at September 30, 2017, and reflects the estimated fair value of fixed rate debt outstanding at that date under that assumption. The sensitivity of our fixed rate debt to changes in interest rates was determined using current market pricing models.

Foreign Currency Exchange Risk

We enter into foreign currency contracts in order to reduce the impact of changes in foreign exchange rates on our consolidated results of operations and future foreign currency-denominated cash flows. These contracts reduce exposure to currency movements affecting existing foreign currency-denominated assets, liabilities, firm commitments and forecasted transactions resulting primarily from trade purchases and sales, equipment acquisitions, intercompany loans and royalty agreements. Contracts hedging short term trade receivables and payables normally have no hedging designation.

The following table presents foreign currency contract information at September 30, 2017:

(In millions)
Fair value — asset (liability)	$	(14	)
Pro forma decrease in fair value	(127		)
Contract maturities	10/17 - 9/19

The pro forma decrease in fair value assumes a 10% adverse change in underlying foreign exchange rates at September 30, 2017, and reflects the estimated change in the fair value of contracts outstanding at that date under that assumption. The sensitivity of our foreign currency positions to changes in exchange rates was determined using current market pricing models.

Fair values are recognized on the Consolidated Balance Sheet at September 30, 2017 as follows:

(In millions)
Current asset (liability):
Accounts receivable	$	6
Other current liabilities	(18		)
Long term asset (liability):
Other assets	$	—
Other long term liabilities	(2		)

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For further information on foreign currency contracts, refer to Notes to the Consolidated Financial Statements No. 7, Financing Arrangements and Derivative Financial Instruments, in this Form 10-Q. Refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources” for a discussion of our management of counterparty risk.

ITEM 4. CONTROLS AND PROCEDURES.

Management’s Evaluation of Disclosure Controls and Procedures

We maintain “disclosure controls and procedures” which, consistent with Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended, we define to mean controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and to ensure that such information is accumulated and communicated to our management, including our principal executive and financial officers, as appropriate, to allow timely decisions regarding required disclosure.

Our management, with the participation of our principal executive and financial officers, has evaluated the effectiveness of our disclosure controls and procedures. Based on such evaluation, our principal executive and financial officers have concluded that such disclosure controls and procedures were effective as of September 30, 2017 (the end of the period covered by this Quarterly Report on Form 10-Q).

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Asbestos Litigation

As reported in our Form 10-Q for the period ended June 30, 2017, we were one of numerous defendants in legal proceedings in certain state and federal courts involving approximately 61,400 claimants relating to their alleged exposure to materials containing asbestos in products allegedly manufactured by us or asbestos materials present in our facilities. During the third quarter of 2017, approximately 500 new claims were filed against us and approximately 700 were settled or dismissed. The amount expended on asbestos defense and claim resolution by Goodyear and its insurance carriers during the third quarter of 2017 was $2 million. At September 30, 2017, there were approximately 61,200 asbestos claims pending against us. The plaintiffs are seeking unspecified actual and punitive damages and other relief. Refer to Note to the Consolidated Financial Statements No. 11, Commitments and Contingent Liabilities, in this Form 10-Q for additional information on asbestos litigation.

Reference is made to Item 3 of Part I of our 2016 Form 10-K and to Item 1 of Part II of our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2017 and our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2017 for additional discussion of legal proceedings.

ITEM 1A. RISK FACTORS

Refer to "Item 1A. Risk Factors" in our 2016 Form 10-K for a discussion of our risk factors.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents information with respect to repurchases of common stock made by us during the three months ended September 30, 2017.

	Total Number of Shares Purchased (1)	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
Period
7/1/17-7/31/17	—	$	—	—	$	1,156,490,275
8/1/17-8/31/17	2,056,136	30.38		2,056,136	1,094,018,918
9/1/17-9/30/17	3,536,103	31.82		3,536,103	981,490,337
Total	5,592,239	31.29		5,592,239	$	981,490,337

(1) Total number of shares purchased as part of our common stock repurchase program and delivered to us by employees as payment for the exercise price of stock options and the withholding taxes due upon the exercise of stock options or the vesting or payment of stock awards.

(2) On September 18, 2013, the Board of Directors authorized $100 million for use in our common stock repurchase program. From time to time, the Board of Directors has approved increases in the amount authorized to be purchased under that program. On February 2, 2017, the Board of Directors approved a further increase in that authorization to an aggregate of $2.1 billion. This program expires on December 31, 2019. We intend to repurchase shares of common stock in open market transactions in order to offset new shares issued under equity compensation programs and to provide for additional shareholder returns. During the three month period ended September 30, 2017, we repurchased 5,592,239 shares at an average price, including commissions, of $31.29 per share, or $175 million in the aggregate.

ITEM 6. EXHIBITS.

Refer to the Index of Exhibits at page 49, which is by specific reference incorporated into and made a part of this Quarterly Report on Form 10-Q.

___________________

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THE GOODYEAR TIRE & RUBBER COMPANY

Quarterly Report on Form 10-Q

For the Quarter Ended September 30, 2017

INDEX OF EXHIBITS

Exhibit
Table
Item		Exhibit
No.	Description of Exhibit	Number
10	Material Contracts
(a)	Outside Directors' Equity Participation Plan, as adopted February 2, 1996 and last amended as of July 1, 2017.	10.1
(b)	Letter Agreement, dated July 1, 2017, between the Company and Joseph Zekoski.	10.2
12	Statement re Computation of Ratios
(a)	Statement setting forth the Computation of Ratio of Earnings to Fixed Charges.	12.1
31	302 Certifications
(a)	Certificate of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	31.1
(b)	Certificate of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	31.2
32	906 Certifications
(a)	Certificate of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	32.1
101	Interactive Data File
(a)	The following materials from the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, formatted in XBRL: (i) the Consolidated Statements of Operations, (ii) the Consolidated Statements of Comprehensive Income, (iii) the Consolidated Balance Sheets, (iv) the Consolidated Statements of Cash Flows and (v) the Notes to Consolidated Financial Statements.	101

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		THE GOODYEAR TIRE & RUBBER COMPANY
		(Registrant)
Date:	October 27, 2017	By	/s/  EVAN M. SCOCOS
		Evan M. Scocos, Vice President and Controller (Signing on behalf of the Registrant as a duly authorized officer of the Registrant and signing as the principal accounting officer of the Registrant.)

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EX-10

EXHIBIT 10.1

THE GOODYEAR TIRE & RUBBER COMPANY

OUTSIDE DIRECTORS' EQUITY PARTICIPATION PLAN

(As Adopted February 2, 1996 and last Amended as of July 1, 2017)

1.    Purpose. The purpose of the Plan is to enable The Goodyear Tire & Rubber Company (the "Company") to (a) attract and retain outstanding individuals to serve as non-employee directors of the Company, (b) further align the interests of non-employee directors with the interests of the other shareholders of the Company by making the amount of the compensation of non-employee directors dependent in part on the value and appreciation over time of the Common Stock of the Company, and (c) permit each non-employee director to defer receipt of all or a portion of his or her annual retainer until after retirement from the Board of Directors of the Company.

2.    Definitions. As used in the Plan, the following words and phrases shall have the meanings specified below:

"Account" means any of, and "Accounts" means all of, the Equity Participation Accounts and the Retainer Deferral Accounts maintained in the records of the Company for Participants.

"Accrual" means any dollar amount credited to an Account, including Special Accruals, Quarterly Accruals, Retainer Deferral Accruals, Dividend Equivalents and Interest Equivalents.

"Beneficiary" means the person or persons designated by a Participant pursuant to Section 12.

"Board" means the Board of Directors of the Company.

"Committee" means the Compensation Committee of the Board.

"Common Stock" means the Common Stock, without par value, of the Company.

"Conversion Date" means, with respect to each Account of each Retired Outside Director, the later of (i) the first business day of the seventh month following the month during which such Retired Outside Director terminated his or her service as a member of the Board, or (ii) the fifth business day of the calendar year following the calendar year during which such Retired Outside Director terminated his or her service as a member of the Board. For all balances that are earned and vested after December 31, 2004, the term “termination of service” means a separation from service as defined in Section 409A of the Code.

1

"Dividend Equivalent" means, with respect to each dividend payment date for the Common Stock, an amount equal to the cash dividend per share of Common

Stock which is payable on such dividend payment date.

“Equity Grant Amount” means for each calendar quarter of service from October 1, 2008 through September 30, 2010, $23,750; for service from October 1, 2010 through December 31, 2011, $27,500; for service from January 1, 2012 through December 31, 2012, $28,750; for service from January 1, 2013 through December 31, 2013, $30,000; for service from January 1, 2014 through September 30, 2015, $31,250; for service from October 1, 2015 through June 30, 2017, $35,000; and for service on or after July 1, 2017, $36,250.

"Equity Participation Account" means a bookkeeping account maintained by the Company for a Participant to which Quarterly Accruals and Dividend Equivalents are credited in respect of Outside Directors through the Conversion Date (and, with respect to each Outside Director serving as a Director on February 2, 1996, a Special Accrual will be credited) and Interest Equivalents are credited on Dollar denominated amounts subsequent to the Conversion Date, which Account shall be denominated in Units until the Conversion Date and, thereafter, for Units granted prior to January 1, 2009 shall be denominated in dollars and for Units granted after December 31, 2008 (for service on or after October 1, 2008) shall be denominated in shares of Common Stock except any remaining fractional Unit shall be denominated in Dollars.

"Fair Market Value of Common Stock" means, in respect of any date on or as of which a determination thereof is being or to be made, the closing market price of the Common Stock reported on the New York Stock Exchange Composite Transactions Tape on such date, or, if the Common Stock was not traded on such date, on the next preceding day on which sales of shares of the Common Stock were reported on the New York Stock Exchange Composite Transactions tape.

"Interest Equivalent" has the meaning assigned in Section 11(C).

"Outside Director" means and includes each person who, at the time any determination thereof is being made, is a member of the Board and who is not and never has been an employee of the Company or any subsidiary or affiliate of the Company.

"Participant" means and includes, at the time any determination thereof is being made, each Outside Director and each Retired Outside Director who has a balance in his or her Accounts.

“Restricted Stock Unit” means the Units issued pursuant to a Restricted Stock Grant under Section 8 of the Company’s 2008 Performance Plan, or any successor equity compensation plan, so long as such Units remains subject to the restrictions and conditions specified in this Plan pursuant to which such Restricted Stock Grant is made.

2

"Retainer" means with respect to each Outside Director the retainer fee payable to such Outside Director by the Company, plus all meeting attendance fees payable by the Company to such Outside Director, in respect of a calendar quarter.

"Retainer Deferral Account" means a bookkeeping account maintained by the Company for a Participant to which Retainer Accruals and Dividend Equivalents are credited through the Conversion Date and Interest Equivalents on Dollar denominated amounts are credited subsequent to the Conversion Date, which Account shall be denominated in Units until the Conversion Date and, thereafter, for Units created prior to January 1, 2011 shall be denominated in dollars and for Units created after December 31, 2010 shall be denominated in shares of Common Stock except any remaining fractional Unit shall be denominated in Dollars.

"Retired Outside Director" means an Outside Director who has terminated his or her service as a member of the Board and is entitled to receive distributions in respect of his or her Account or Accounts as provided in Section 10.

"Plan" means The Goodyear Tire & Rubber Company Outside Directors' Equity Participation Plan, the provisions of which are set forth herein.

"Quarterly Accrual" has the meaning assigned in Section 7.

"Retainer Deferral Accrual" has the meaning assigned in Section 8.

"Special Accrual" has the meaning assigned in Section 7.

"Unit" means an equivalent to a hypothetical share of Common Stock which is the denomination into which all dollar Accruals (other than Interest Equivalents) to any Account are to be translated. Upon the Accrual of any dollar amount to any Account on or prior to the Conversion Date thereof, such dollar amount shall be translated into Units by dividing the dollar amount of such Accrual by the Fair Market Value of the Common Stock on the day on or as of which such Accrual to the Account is made or, if not made on a day on which the New York Stock Exchange is open for trading, on the trading day next following the date of the Accrual. Additionally, each Restricted Stock Unit granted is equal to one Unit. Units, and the translation thereof from dollars, shall be calculated and recorded in the Accounts rounded to the fourth decimal place.

"Year of Service" means, with respect to each Outside Director, the twelve month period commencing with the date of the individuals' election as an Outside Director or any anniversary thereof.

3.    Effective Date. The Plan is adopted on, and is effective on and after, February 2, 1996.

4.    Eligibility. Each person who serves as an Outside Director at any time subsequent to February 1, 1996 is eligible to participate in the Plan.    

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5.    Administration. Except with respect to matters expressly reserved for action by the Board pursuant to the provisions of the Plan, the Plan shall be administered by the Committee, which shall have the exclusive authority except as aforesaid to take any action necessary or appropriate for the proper administration of the Plan, including the full power and authority to interpret the Plan and to adopt such rules, regulations and procedures consistent with the terms of the Plan as the Committee deems necessary or appropriate. The Committee's interpretation of the Plan, and all actions taken within the scope of its authority, shall be final and binding on the Company and the Participants.

6.    Equity Participation Accounts. There shall be established and maintained by the Company an Equity Participation Account with respect to each Outside Director to which Accruals or Grants of Restricted Stock Units shall be made from time to time in accordance with the provisions of the Plan.

7. (A) Quarterly Accruals. On the first day of each calendar quarter, commencing April 1, 2007 and ending on October 1, 2008 for service through September 30, 2008, the Company shall credit $23,750 ($20,000 in respect of each quarter during the period beginning July 1, 2005 and ended on December 31, 2006, $17,500 in respect of each quarter during the period beginning July 1, 2004 and ended on June 30, 2005, $7,500 in respect of each quarter during the period beginning January 1, 2003 and ended on June 30, 2004, $2,500 in respect of each quarter during the period beginning July 1, 1998 and ended on December 31, 2002 and $2,000 in respect of each quarter during the period beginning April 1, 1996 and ended on June 30, 1998) to the Equity Participation Account of each Outside Director who is then a member of the Board of Directors and served as a member of the Board for the entire calendar quarter ended immediately prior to such day (each a "Quarterly Accrual").

(B) (1) Special Accruals. The Company shall credit to the Equity Participation Account of each Outside Director who was an Outside Director on January 1, 2007, a $3,750 accrual as of April 2, 2007.

(B) (2)    Special Accruals. On April 13, 2004, the Company shall credit to the Equity

Participation Account of each Outside Director eligible to receive a quarterly accrual as of

April 1, 2004, an additional credit in the amount of $20,000.

(B) (3) Special Accruals. On February 2, 1996, the Company shall credit to the Equity Participation Account of each Outside Director then serving as a member of the Board of Directors a special, one-time credit (a "Special Accrual"), the amount of which shall be determined in accordance with the following formula:

N

SP = [FRPA - FQC] / 1.01943

where,

SP is the dollar amount of the Special Accrual in respect of a participating Outside Director at February 2, 1996;

FRPA is the future value of an annuity at age 70 under the Retirement Plan for Outside Directors (as provided by Watson Wyatt and based on the UP-1984 mortality table) that would be needed to provide a lifetime annuity at age 70 assuming the benefit increases 3% per year starting in 1997.

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FQC is the future value of quarterly accruals, calculated on the value at age 70 of $1,000 quarterly accruals to the Equity Participation Account of the participating Outside Director starting April 1, 1996, assuming a compound annual growth rate of 8%.

N is the number of quarters until the Outside Director retires having attained age 70.

(C) Restricted Stock Units Grant. Effective for service on or after October 1, 2008 to be granted January 1, 2009 and on the first day of each succeeding calendar quarter, each Outside Director who is then a member of the Board of Directors and served as a member of the Board for any portion of the calendar quarter ended immediately prior to such day, will be granted the number of Restricted Stock Units that will be equal to the applicable Equity Grant Amount (or the pro-rata amount based on the number of days of service in the quarter if the Outside Director did not serve the whole quarter) divided by the Fair Market Value of Common Stock for such grant date, or if the New York Stock Exchange is not open for trading on such date, the grant date shall be the next following trading date. For the last quarterly grant with respect to the last quarter of Board service, any fractional amount of the applicable Equity Grant Amount (or the pro-rata amount based on the number of days of service in the quarter if the Outside Director did not serve the whole quarter) that is not utilized in converting the grant into whole Restricted Stock Units when added to any outstanding fractional Restricted Stock Unit shall be paid in cash when the shares are distributed pursuant to 10.(C). Effective for grants made in respect of service on or after October 1, 2010, the Restricted Stock Units are further restricted by only ratably vesting over three years, subject to accelerated full vesting upon becoming a Retired Outside Director.

(D) Translation of Accruals into Units. Each Accrual (other than Interest Equivalents) to an Equity Participation Account shall be translated into Units by dividing the dollar amount thereof by the Fair Market Value of the Common Stock on the day as of which such Accrual is made, or, if the date on or as of which such Accrual is made is not a day on which the New York Stock Exchange is open for trading, on the next following trading day. Upon such translation of an Accrual into Units, the resulting number of Units shall be credited to the relevant Equity Participation Account (in lieu of the dollar amount of such Accrual) and such Accrual shall continue to be denominated in such number of Units until the Conversion Date for such Account, when those Units derived from Accruals (as compared to Units from Restricted Stock Unit Grants) will be converted into a dollar amount equal to the product of (i) the number of Units credited to such Account on such Conversion Date, multiplied by (ii) the Fair Market Value of the Common Stock on such Conversion Date.

8.    Retainer Deferral Accounts. Each Outside Director may, at his or her sole election, defer receipt of 25%, 50%, 75% or 100% of his or her Retainer payable in respect of and during any calendar year by electing to have such amount credited to his or her Retainer Deferral Account (herein referred to as a "Retainer Account Accrual"). Each deferral election, if any, shall be made by an Outside Director annually, must be in respect of an entire calendar year and shall be made not later than, and shall become irrevocable as of, June 30th of the year prior to the calendar year in respect of which such election is being made. The dollar amount of each Retainer Account Accrual shall be translated (in the manner specified in Section 7(D)) into Units on the date such Retainer Account Accrual is credited to the relevant Retainer Deferral Account, which shall be the day on which the payment of such portion of the Retainer would have been made absent the election of the Outside Director to defer the payment of all or a portion thereof. Upon such translation into Units, the resulting number of Units shall be credited to the relevant

5

Retainer Deferral Account (in lieu of the dollar amount of such Accrual) and such Accrual shall continue to be denominated in such number of Units until the Conversion Date, when for Units in respect of deferrals elected prior to January 1, 2011 applicable to plan years through December 31, 2010, the Units will be converted into a dollar amount equal to the product of (i) the number of Units credited to such Retainer Deferral Account on such Conversion Date, multiplied by (ii) the Fair Market Value of the Common Stock of such Conversion Date. For Units relating to deferrals effective on or after January 1, 2011, each Unit will be converted to a share of Common Stock and all such shares of Common Stock will be delivered on the fifth business day of the calendar quarter following the quarter of his or her separation from Board service with any remaining fractional Unit paid in cash at that time.

9.     Dividend Equivalents. With respect to each Account and Restricted Stock Unit, from time to time through the relevant Conversion Date each Unit in such Account and Restricted Stock Unit shall be credited with a Dividend Equivalent at the same time as cash dividends are paid on shares of the Common Stock. Dividend Equivalents credited to each Account and Restricted Stock Unit shall be automatically translated into Units or Restricted Stock Units by dividing the dollar amount of such Dividend Equivalents by the Fair Market Value of the Common Stock on the date the relevant Dividend Equivalent is accrued to such Account and Restricted Stock Unit. The number of Units or Restricted Stock Units resulting shall be credited to such Account and Restricted Stock Unit (in lieu of the dollar amount of such Accrual) and such Accrual shall be denominated in Units until the Conversion Date.

10.    Eligibility For Benefits. (A) Equity Participation Accounts. (1) For all balances that were earned and vested prior to January 1, 2005, each Retired Outside Director shall be entitled to receive the balance of his or her Equity Participation Account in accordance with the provisions of Section 11 of the Plan, unless the Board of Directors acts to reduce the amount of, or to deny the payment of, the Equity Participation Account of such Retired Outside Director; provided, however, that the Board of Directors shall not have the authority to reduce the amount of, or to deny the payment of, the Equity Participation Account of any Outside Director who terminates his or her service on the Board of Directors if (i) prior to such termination of service, the Retired Outside Director either (x) had five or more years of service and had attained age 70, or (y) had ten or more years of service and had attained age 65, or (ii) such termination was due to the death of the Outside Director. Notwithstanding the foregoing, the Board may at any time deny the payment of, or reduce the amount of, the Equity Participation Account of any Participant if, in the opinion of the Board, such Participant was engaged in an act of misconduct or otherwise engaged in conduct contrary to the best interest of the Company. (2) For all balances that are earned or vested after December 31, 2004, each Retired Outside Director shall be entitled to receive the balance of his or her Equity Participation Account in accordance with the provisions of Section 11 of the Plan for Units that are to be paid in Dollars (Units granted from Accruals prior to January 1, 2009). Notwithstanding the foregoing, the Board may at any time deny the payment of, or reduce the amount of, the Equity Participation Account of any Participant if, in the opinion of the Board, such Participant was engaged in an act of misconduct or otherwise engaged in conduct detrimental to the Company.

(B) Retainer Deferral Accounts. Each Retired Outside Director shall be entitled to receive the balance, if any, of his or her Retainer Deferral Account in accordance with the provisions of Section 11 of the Plan.

6

(C) Restricted Stock Units. Each Outside Director will receive shares of Common Stock for their Restricted Stock Units on the fifth business day of the calendar quarter following the quarter of his or her separation from Board service. Notwithstanding the foregoing, the Board may at any time deny the payment of, or reduce the amount of, the Restricted Stock Units of any Participant if, in the opinion of the Board, such Participant was engaged in an act of misconduct or otherwise engaged in conduct detrimental to the Company.

11.    Payment of Accounts. (A) All distributions of Equity Participation Accounts and Retainer Deferral Accounts to Participants shall be made in cash or Common Stock pursuant to the terms of the Accrual, Grant or deferral according to the provisions of the Plan.

(B) In the case of each Retired Outside Director, the Units credited to his or her Equity Participation Account and Retainer Deferral Account, respectively, shall, on the Conversion Date for such Retired Outside Director, be converted to a dollar denominated amount by multiplying the number of Units that are to be paid in Dollars in each of the Accounts by the Fair Market Value of the Common Stock on such Conversion Date and for Units that are to be paid in Common Stock, each Unit is equal to one share.

(C) For all balances that were earned and vested prior to January 1, 2005, from and after the Conversion Date until paid, the balance (expressed in dollars) of the Equity Participation Account, and, if any, of the Retainer Deferral Account, of each Retired Outside Director shall be credited monthly until paid with "Interest Equivalents", which shall be equal to one-twelfth (1/12th) of the product of (x) the dollar balance of such Account, multiplied by (y) the sum (expressed as a decimal to six places) of the rate equivalent to the prevailing annual yield of United States Treasury obligations having a maturity of ten years (or, if not exactly ten years, as close to ten years as possible without exceeding ten years) at the Conversion Date, plus one percent (1%).

(D) (1) For all balances that were earned and vested prior to January 1, 2005, the Accounts of each Retired Outside Director will be paid in ten (10) annual installments commencing on the fifth business day following the Conversion Date with respect to such Accounts, and thereafter on each anniversary of such Conversion Date; each installment to be in an amount equal to the total dollar balance of such Accounts on the fifth business day prior to the date such annual installment is due and payable divided by the number of installments remaining (including the annual installment then being calculated for payment) to be paid.

(D) (2) For all balances that are earned or vested after December 31, 2004, the payment of such balance for Units that are to be paid in Dollars (Units created from Accruals prior to January 1, 2009) shall be made in a lump sum payment on the fifth business day following the Conversion Date in respect of such Retired Outside Director. For Units relating to deferrals effective on or after January 1, 2011, each Unit will be converted to a share of Common Stock and all such shares of Common Stock will be delivered on the fifth business day of the calendar quarter following the quarter of his or her separation from Board service with any remaining fractional Unit paid in cash at that time.

(E) For all balances that were earned and vested prior to January 1, 2005, the Committee may, in its sole discretion, elect to pay the Equity Participation Account or the Retainer Deferral Account, or both, of any Retired Outside Director in a lump sum or in fewer than ten

7

installments. In the event that the Committee shall elect to make a lump sum payment of an Account of any Retired Outside Director (or to make payment thereof in fewer than ten annual installments), the payment of such lump sum shall be made (or such installments shall commence) on the fifth business day following the Conversion Date in respect of such Retired Outside Director.

(F) In the event of the death of an Outside Director, the entire balance of his or her Accounts shall be eligible for payment which shall be made in a lump sum on the Conversion Date for his or her Accounts.

(G) In the event of the death of a Retired Outside Director, the entire balance of his or her Accounts(s) shall be paid on the Conversion Date for his or her Accounts (if it has not occurred) or on the next occurring anniversary thereof.

12.    Designation of Beneficiary. A Participant may designate a person or persons (the "Beneficiary") to receive, after the Participant's death, any remaining benefits payable under the Plan. Such designation shall be made by the Participant on a form prescribed by the Committee. The Participant may at any time change or revise such designation by filing a new form with the Committee. The person or persons named as beneficiary in the designation of beneficiary form duly completed and filed with the Company bearing the most recent date will be the Beneficiary. All payments due under the Plan after the death of a Participant shall be made to his or her Beneficiary, except that (i) if the Participant does not designate a Beneficiary or the Beneficiary predeceases the Participant, any remaining benefits payable under the Plan after the Participant's death shall be paid to the Participant's estate, and (ii) if the Beneficiary survives the Participant but dies prior to receiving the benefits payable under the Plan, the benefits under the Plan shall be paid to the Beneficiary's estate.

13.    Amendment and Termination. The Board may at any time, or from time to time, amend or terminate the Plan; provided, however, that no such amendment or termination shall reduce Plan benefits which accrued prior to such amendment or termination without the prior written consent of each person entitled to receive benefits under the Plan who is adversely affected by such action; and, provided further, that the Plan shall not be amended more frequently than once every six months, other than to comply with changes in the Internal Revenue Code, the Employee Retirement Income Security Act, or the rules promulgated thereunder.

Notwithstanding the foregoing, no termination or amendment of this Plan may accelerate payment of post-2004 benefits to any Participant except under the following conditions:

(1) The Company may terminate and liquidate the Plan within 12 months of a corporate dissolution taxed under section 331 of the Internal Revenue Code, or with the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that the amounts deferred under the Plan are included in the Participants’ gross incomes in the latest of the following years (or, if earlier the taxable year in which the amount is actually or constructively received): (a) the calendar year in which the Plan termination and liquidation occurs; (b) the first calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (c) the first calendar year in which the payment is administratively practicable.

8

(2) The Company may terminate and liquidate the Plan pursuant to irrevocable action taken by the Board of Directors within the 30 days preceding or the 12 months following a change in control event (as defined in Treasury Regulation §1.409A-3(i)(5)), provided that this paragraph will only apply to a payment under a plan if all agreements, methods, programs, and other arrangements sponsored by the Company immediately after the time of the change in control event with respect to which deferrals of compensation are treated as having been deferred under a single plan under Treasury Regulation §1.409A-1(c)(2) are terminated and liquidated with respect to each Participant that experienced the change in control event, so that under the terms of the termination and liquidation all such participants are required to receive all amounts of compensation deferred under the terminated agreements, methods, programs and other arrangements within 12 months of the date the Company irrevocably takes all necessary action to terminate and liquidate the agreements, methods, programs, and other arrangements.

(3) The Company may terminate and liquidate the Plan, provided that (a) the termination and liquidation does not occur proximate to a downturn in the financial health of the Company; (b) the Company terminates and liquidates all agreements, methods, programs, and other arrangements sponsored by the Company that would be aggregated with any terminated and liquidated agreements, methods, programs, and other arrangements under Treasury Regulation §1.409-1(c) if any Participant had deferrals of compensation under all of the agreements, methods, programs, and other arrangements that are terminated and liquidated; (c) no payments in liquidation of the Plan are made within 12 months of the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan other than payments that would be payable under the terms of the Plan if the action to terminate and liquidate the Plan had not occurred; (d) all payments are made within 24 months of the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan; and (e) the Company does not adopt a new plan that would be aggregated with any terminated and liquidated plan under Treasury Regulation §1.409A-1(c) if the same service provider participated in both plans, at any time within three years following the date the service recipient takes all necessary action to irrevocably terminate and liquidate the Plan.

14.    Plan Unfunded, Rights Unsecured. With respect to the Equity Participation Account and the Retainer Deferral Account, the Plan is unfunded. Each Account under the plan represents only a general contractual conditional obligation of the Company to pay in cash or shares of Common Stock the balance thereof in accordance with the provisions of the Plan. All Restricted Stock Units or shares of Common Stock granted or payable under the Plan will be made from and pursuant to the Company’s 2008 Performance Plan, or any successor equity compensation plan.

15.    Assignability. All payments under the Plan shall be made only to the Participant or his or

her duly designated Beneficiary (in the event of his or her death). Except pursuant to Section 12 or the laws of descent and distribution and except as may be required by law, the right to receive payments under the Plan may not be assigned or transferred by, and are not subject to the claims of creditors of, any Participant or his or her Beneficiary during his or her lifetime.

16.    Change in the Common Stock. In the event of any stock dividend, stock split, recapitalization, merger, split-up or other change affecting the Common Stock of the Company, the Units in

9

each Account shall be adjusted in the same manner and proportion as the change to the Common Stock.

17.    Quarterly Statements of Accounts - Valuation. Each calendar quarter the Company will prepare and send to each Participant a statement reporting the status of his or her Account or Accounts and Restricted Stock Units as of the close of business on the last business day of the prior calendar quarter. To the extent an Account is denominated in Units, the value of the Units and Restricted Stock Units will be reported at the Fair Market Value of the Common Stock on the relevant valuation date.

18.    No Other Rights. Neither the establishment of the Plan, nor any action taken thereunder, shall in any way obligate the Company to nominate an Outside Director for re-election or continue to retain an Outside Director on the Board or confer upon any Outside Director any other rights in respect of the Company.

19.    Successors of the Company. The Plan shall be binding upon any successor to the Company, whether by merger, acquisition, consolidation or otherwise.

20.    Law Governing. The Plan shall be governed by the laws of the State of Ohio.

THE GOODYEAR TIRE & RUBBER COMPANY

By: /s/John T. Lucas                

John T. Lucas

Senior Vice President, Global Human Resources

ATTEST:

By: /s/Daniel T. Young        

Daniel T. Young

Assistant Secretary

10

EX-10

EXHIBIT 10.2

[Letterhead of The Goodyear Tire & Rubber Company]

July 1, 2017

Joseph Zekoski

Senior Vice President, Global Operations & Chief Technical Officer

Re:    Retention Agreement

Dear Joe:

As you are aware, you are a key member of the management team of The Goodyear Tire & Rubber Company (the “Company”) who will help us continue in our success and move us forward in meeting our long-term business objectives. The purpose of this letter is to let you know that you are a valued associate of the Company and that the Company recognizes that your skills and experience are critical to the Company.

As such, we have developed a special arrangement designed to apply to you. By executing this Retention Agreement, you will be eligible to receive the following Retention Bonuses (as defined below):

a. A lump sum payment of $350,000 (“Retention Bonus A”), if you remain an associate of the Company and actively provide the services required of you through at least March 31, 2018 (“Retention Date A”), subject to the conditions contained herein. You also agree to be available for consulting for no more than 40 hours per month, from April 1, 2018 through June 30, 2018 (the “Consulting Period”). You will not be required to be in the office regularly during the Consulting Period. If travel is required, it will be subject to our mutual agreement and any reasonable travel expenses will be covered by the Company; and

b. A guarantee of your incremental annual and long-term incentive compensation at target for the period from July 1, 2017 through December 31, 2017 (“Retention Date B”) in an amount not to exceed $527,540. In the event the Company’s performance is at or above target for the performance periods ending December 31, 2017 (meaning no guarantee is needed to be paid), you will be eligible to receive an additional bonus payment of $131,885 (collectively referred to as “Retention Bonus B,” and together with Retention Bonus A, the “Retention Bonuses”).

Assuming all conditions are met, Retention Bonus A will be paid as soon as practicable in April 2018 and Retention Bonus B will be paid no later than March 15, 2018, and will be subject to withholding taxes as required by law. The Retention Bonuses will be payable in addition to your regular annual salary, benefits and participation in the Company’s incentive compensation plans. Since the Retention Bonuses represent unique payments to you, the Retention Bonuses will not be considered in calculating compensation-related benefits (e.g., pension benefits).

As part of this agreement, you agree to continue to follow the policies and procedures established by the Company, which may change from time to time, work directions from the Company’s management

team, and the provisions set forth herein. Payment of the respective Retention Bonuses, will be subject to the Company being satisfied (in its reasonable judgment) with (1) your cooperation, diligence and loyalty through Retention Date A or Retention Date B, as the case may be, (2) your performance through Retention Date A or Retention Date B, as the case may be, (3) your compliance with all Company policies and procedures and other agreements with the Company through Retention Date A or Retention Date B, as the case may be, and (4) the continuation of your active employment with the Company through Retention Date A or Retention Date B, as the case may be.

If the Company terminates your employment prior to either Retention Date A or Retention Date B for other than cause, you will be entitled to receive Retention Bonus A and Retention Bonus B, in accordance with the terms of this agreement. For purposes of this agreement, “cause” includes, but is not limited to, (1) the failure to act in a cooperative, diligent and loyal manner, (2) an act of fraud, embezzlement or theft in connection with your duties or in the course of your employment with the Company, or (3) misconduct that is injurious to the Company, monetarily or otherwise, such as violations of the Company’s Business Conduct Manual.

If you voluntarily leave the Company, or if the Company terminates your employment for cause, prior to Retention Date A and/or Retention Date B, you will not receive Retention Bonus A and/or Retention Bonus B,

In the event of your permanent disability or death prior to Retention Date A you or your estate will receive Retention Bonus A pro-rated from the date of this agreement to your last day worked. In the event of your permanent disability or death prior to Retention Date B, you or your estate will receive Retention Bonus B, pro-rated from the date of this agreement to your last day worked. For purposes of this agreement, disability is defined in accordance with the Company’s long-term disability program. These amounts will be paid within sixty (60) days of your permanent disability or death.

You and the Company agree that this letter agreement constitutes the entire agreement and supersedes all prior agreements or understandings, whether oral or written, between you and the Company with respect to the subject matter of this agreement. Any modifications to this agreement must be in writing and signed by you and an authorized employee or agent of the Company. This Retention Agreement is governed by and will be construed in accordance with the laws of the State of Ohio.

Please take the time to review this Retention Agreement carefully and address any questions you may have to me. If you wish to accept the foregoing offer, please sign and date below and return to me. Please keep a copy of this letter for your files.

Sincerely,

/s/John T. Lucas

John Lucas

Senior Vice President, Global Human Resources

AGREED:

/s/Joseph Zekoski        July 1, 2017            

Joseph Zekoski                        Date

EX-12

EXHIBIT 12.1

THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)	Nine Months Ended September 30,			Year Ended December 31,
EARNINGS	2017			2016			2015			2014		2013		2012
Pre-tax income before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	$	590		$	1,206		$	592		$	658	$	782	$	406
Add:
Amortization of previously capitalized interest	10			13			12			11		10		8
Distributed income of equity investees	—			25			24			24		21		11
Total additions	10			38			36			35		31		19
Deduct:
Capitalized interest	16			26			19			24		39		22
Minority interest in pre-tax income of consolidated subsidiaries with no fixed charges	3			8			8			14		26		20
Total deductions	19			34			27			38		65		42
TOTAL EARNINGS	$	581		$	1,210		$	601		$	655	$	748	$	383
FIXED CHARGES
Interest expense	$	265		$	391		$	438		$	439	$	407	$	385
Debt extinguishment costs included in interest expense	(6		)	(12		)	(17		)	—		—		(15		)
Capitalized interest	16			26			19			24		39		22
Interest portion of rental expense (1)	73			100			97			114		119		121
TOTAL FIXED CHARGES	$	348		$	505		$	537		$	577	$	565	$	513
TOTAL EARNINGS BEFORE FIXED CHARGES	$	929		$	1,715		$	1,138		$	1,232	$	1,313	$	896
RATIO OF EARNINGS TO FIXED CHARGES	2.67			3.40			2.12			2.14		2.32		1.75

(1) Interest portion of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.

EX-31

EXHIBIT 31.1

CERTIFICATION

I, Richard J. Kramer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of The Goodyear Tire & Rubber Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 27, 2017

 /s/  RICHARD J. KRAMER

Richard J. Kramer

Chairman of the Board, President and Chief Executive Officer

(Principal Executive Officer)

EX-31

EXHIBIT 31.2

CERTIFICATION

I, Laura K. Thompson, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of The Goodyear Tire & Rubber Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 27, 2017

/s/  LAURA K. THOMPSON

Laura K. Thompson

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

EX-32

EXHIBIT 32.1

CERTIFICATION

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), each of the undersigned officers of The Goodyear Tire & Rubber Company, an Ohio corporation (the “Company”), hereby certifies with respect to the Quarterly Report on Form 10-Q of the Company for the quarter ended September 30, 2017 as filed with the Securities and Exchange Commission (the “10-Q Report”) that to his or her knowledge:

(1) the 10-Q Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the 10-Q Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:	October 27, 2017	/s/  RICHARD J. KRAMER
		Richard J. Kramer Chairman of the Board, President and Chief Executive Officer The Goodyear Tire & Rubber Company
Dated:	October 27, 2017	/s/  LAURA K. THOMPSON
		Laura K. Thompson Executive Vice President and Chief Financial Officer The Goodyear Tire & Rubber Company

XML

Document and Entity Information	9 Months Ended
	Sep. 30, 2017 shares
Document and Entity Information [Abstract]
Entity Registrant Name	GOODYEAR TIRE & RUBBER CO /OH/
Entity Central Index Key	0000042582
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding	246,327,106

XML

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions				3 Months Ended		9 Months Ended
	Jul. 12, 2017	Sep. 07, 2016	Jul. 12, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net Sales				$ 3,921	$ 3,847	$ 11,306	$ 11,417
Cost of Goods Sold				3,069	2,736	8,626	8,250
Selling, Administrative and General Expense				556	599	1,718	1,807
Rationalizations (Note 2)				46	135	102	194
Interest Expense				84	90	260	285
Other (Income) Expense (Note 3)				4	(23)	9	3
Income before Income Taxes				162	310	591	878
United States and Foreign Taxes (Benefit) Expense (Note 4)				30	(10)	136	161
Net Income (Loss)				132	320	455	717
Less: Minority Shareholders’ Net Income				3	3	13	14
Goodyear Net Income				$ 129	$ 317	$ 442	$ 703
Goodyear Net Income — Per Share of Common Stock
Basic (dollars per share)				$ 0.52	$ 1.21	$ 1.76	$ 2.66
Weighted Average Shares Outstanding - Basic (shares)				250	262	251	264
Diluted (dollars per share)				$ 0.50	$ 1.19	$ 1.73	$ 2.62
Weighted Average Shares Outstanding - Diluted (shares)				254	266	255	268
Cash Dividends Declared Per Common Share (dollars per share)	$ 0.10	$ 0.10	$ 0.07	$ 0.10	$ 0.17	$ 0.30	$ 0.31

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net Income	$ 132	$ 320	$ 455	$ 717
Other Comprehensive Income (Loss):
Foreign currency translation, net of tax of $25 and $44 in 2017 ($3 and $17 in 2016)	35	(12)	169	(5)
Defined benefit plans:
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $10 and $31 in 2017 ($8 and $24 in 2016)	18	17	57	49
(Increase)/Decrease in net actuarial losses, net of tax of ($16) and ($15) in 2017 ($0 and $0 in 2016)	(26)	1	(23)	2
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures, net of tax of $9 and $9 in 2017 ($0 and $0 in 2016)	15	0	15	15
Deferred derivative losses, net of tax of ($2) and ($9) in 2017 ($0 and $0 in 2016)	(5)	(1)	(19)	(1)
Reclassification adjustment for amounts recognized in income, net of tax of $0 and ($1) in 2017 ($0 and ($1) in 2016)	1	0	(2)	(5)
Other Comprehensive Income	38	5	197	55
Total comprehensive income	170	325	652	772
Less: Comprehensive Income Attributable to Minority Shareholders	4	3	27	16
Goodyear Comprehensive Income	$ 166	$ 322	$ 625	$ 756

XML

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Comprehensive Income (Loss):
Tax on foreign currency translation	$ 25	$ 3	$ 44	$ 17
Defined benefit plans:
Tax on amortization of prior service cost and unrecognized gains and losses included in total benefit cost	10	8	31	24
Tax on decrease in net actuarial losses	(16)	0	(15)	0
Tax on immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	9	0	9	0
Tax on deferred derivative losses	(2)	0	(9)	0
Tax on deferred derivative losses reclassification adjustment for amounts recognized in income	$ 0	$ 0	$ (1)	$ (1)

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Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and Cash Equivalents	$ 822	$ 1,132
Accounts Receivable, less Allowance — $119 ($101 in 2016)	2,672	1,769
Inventories:
Raw Materials	463	436
Work in Process	145	131
Finished Products	2,383	2,060
Total Inventory	2,991	2,627
Prepaid Expenses and Other Current Assets	242	190
Total Current Assets	6,727	5,718
Goodwill	587	535
Intangible Assets	137	136
Deferred Income Taxes (Note 4)	2,356	2,414
Other Assets	714	668
Property, Plant and Equipment, less Accumulated Depreciation — $9,945 ($9,125 in 2016)	7,331	7,040
Total Assets	17,852	16,511
Current Liabilities:
Accounts Payable — Trade	2,624	2,589
Compensation and Benefits (Notes 9 and 10)	582	584
Other Current Liabilities	1,062	963
Notes Payable and Overdrafts (Note 7)	276	245
Long Term Debt and Capital Leases due Within One Year (Note 7)	378	436
Total Current Liabilities	4,922	4,817
Long Term Debt and Capital Leases (Note 7)	5,737	4,798
Compensation and Benefits (Notes 9 and 10)	1,459	1,460
Deferred Income Taxes (Note 4)	91	85
Other Long Term Liabilities	522	626
Total Liabilities	12,731	11,786
Commitments and Contingent Liabilities (Note 11)
Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares — 246 and 252 million in 2017 and 2016 after deducting 32 and 26 million treasury shares in 2017 and 2016	246	252
Capital Surplus	2,476	2,645
Retained Earnings	6,175	5,808
Accumulated Other Comprehensive Loss	(4,015)	(4,198)
Goodyear Shareholders’ Equity	4,882	4,507
Minority Shareholders’ Equity — Nonredeemable	239	218
Total Shareholders’ Equity	5,121	4,725
Total Liabilities and Shareholders’ Equity	$ 17,852	$ 16,511

XML

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Allowance for Accounts Receivable	$ 119	$ 101
Accumulated Depreciation	$ 9,945	$ 9,125
Goodyear Shareholders’ Equity:
Common Stock, par value (dollars per share)	$ 0	$ 0
Common Stock, authorized (shares)	450,000,000	450,000,000
Common Stock, outstanding (shares)	246,000,000	252,000,000
Treasury shares (shares)	32,000,000	26,000,000

XML

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities:
Net Income	$ 455	$ 717
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:
Depreciation and Amortization	586	536
Amortization and Write-Off of Debt Issuance Costs	17	24
Provision for Deferred Income Taxes	33	31
Net Pension Curtailments and Settlements	13	13
Net Rationalization Charges (Note 2)	102	194
Rationalization Payments	(96)	(68)
Net (Gains) Losses on Asset Sales (Note 3)	(14)	(28)
Pension Contributions and Direct Payments	(67)	(71)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:
Accounts Receivable	(807)	(570)
Inventories	(254)	(236)
Accounts Payable — Trade	5	(144)
Compensation and Benefits	(27)	(68)
Other Current Liabilities	(51)	11
Other Assets and Liabilities	(49)	(51)
Total Cash Flows from Operating Activities	(154)	290
Cash Flows from Investing Activities:
Capital Expenditures	(683)	(711)
Asset Dispositions (Note 3)	9	13
Short Term Securities Acquired	(51)	(46)
Short Term Securities Redeemed	51	34
Other Transactions	(1)	2
Total Cash Flows from Investing Activities	(675)	(708)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	544	219
Short Term Debt and Overdrafts Paid	(523)	(99)
Long Term Debt Incurred	4,972	4,129
Long Term Debt Paid	(4,193)	(4,025)
Common Stock Issued	12	9
Common Stock Repurchased (Note 12)	(205)	(200)
Common Stock Dividends Paid (Note 12)	(75)	(56)
Transactions with Minority Interests in Subsidiaries	(6)	(9)
Debt Related Costs and Other Transactions	(69)	(77)
Total Cash Flows from Financing Activities	457	(109)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	51	25
Net Change in Cash, Cash Equivalents and Restricted Cash	(321)	(502)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	1,189	1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period	$ 868	$ 1,000

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Accounting Policies

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

ACCOUNTING POLICIES

ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared by The Goodyear Tire & Rubber Company (the “Company,” “Goodyear,” “we,” “us” or “our”) in accordance with Securities and Exchange Commission rules and regulations and generally accepted accounting principles in the United States of America ("US GAAP") and in the opinion of management contain all adjustments (including normal recurring adjustments) necessary to fairly state the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016 (the “2016 Form 10-K”).

Operating results for the three and nine months ended September 30, 2017 are not necessarily indicative of the results expected in subsequent quarters or for the year ending December 31, 2017.

Recently Adopted Accounting Standards

Effective January 1, 2017, we adopted an accounting standards update with new guidance on the transition to the equity method of accounting. The new guidance eliminates the requirement for an investor to retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. Instead, the investor is required to apply the equity method prospectively from the date the investment qualifies for the equity method. In addition, an entity that has an available-for-sale equity security that becomes qualified for the equity method must recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment qualifies for the equity method. The adoption of this standards update did not impact our consolidated financial statements.

Effective January 1, 2017, we adopted an accounting standards update with new guidance on the measurement of inventory. Inventory within the scope of this update is required to be measured at the lower of its cost or net realizable value, with net realizable value being the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The adoption of this standards update did not impact our consolidated financial statements.

Effective January 1, 2017, we early adopted an accounting standards update with new guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update provides guidance on eight specific cash flow issues. As a result of the adoption, premiums for debt extinguishment of $53 million were reclassified from Operating Activities to Financing Activities in the statement of cash flows for the nine months ended September 30, 2016. The other seven specific cash flow issues were either not applicable to Goodyear or the treatment has not changed from our current practice.

Effective January 1, 2017, we early adopted an accounting standards update with new guidance on the presentation of restricted cash in the statement of cash flows. The standards update requires that the reconciliation of the beginning and end of period cash amounts shown in the statement of cash flows include restricted cash. When restricted cash is presented separately from cash and cash equivalents on the balance sheet, a reconciliation is required between the amounts presented on the statement of cash flows and the balance sheet. Also, the new guidance requires the disclosure of information about the nature of the restrictions. The restricted cash balances as of September 30, 2017, December 31, 2016, and September 30, 2016 were $46 million, $57 million and $25 million, respectively.

Recently Issued Accounting Standards

In August 2017, the Financial Accounting Standards Board ("FASB") issued an accounting standards update with new guidance intended to reduce complexity in hedge accounting and make hedge results easier to understand. This includes simplifying how hedge results are presented and disclosed in the financial statements, expanding the types of hedge strategies allowed and providing relief around the documentation and assessment requirements. The standards update is effective using a modified retrospective approach, with the presentation and disclosure guidance required prospectively, for fiscal years and interim periods beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact of this standards update on our consolidated financial statements.

In May 2017, the FASB issued an accounting standards update with new guidance to clarify when changes to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires the application of modification accounting if the value, vesting conditions or classification of the award changes. The standards update is effective prospectively for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted. The adoption of this standards update is not expected to impact our consolidated financial statements.

In March 2017, the FASB issued an accounting standards update intended to improve the financial statement presentation of pension and postretirement benefits cost. The standards update requires employers that offer defined benefit pension or other postretirement benefit plans to report service cost in the same income statement line as compensation costs and to report non-service related costs separately from service cost outside a sub-total of income from operations, if one is presented. Currently, the Company records both service and non-service related costs in selling, administrative and general expense ("SAG") and cost of goods sold ("CGS"), as appropriate. Under the new standard, non-service related costs, which are expected to total approximately $70 million for full-year 2017, will be recorded in Other (Income) Expense. In addition, the new guidance allows only service cost to be capitalized. The standards update is effective retrospectively for the financial statement presentation of benefits cost and prospectively for the capitalization of service cost for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted.

In January 2017, the FASB issued an accounting standards update with new guidance intended to simplify the subsequent measurement of goodwill. The standards update eliminates the requirement for an entity to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, an entity will perform its annual, or interim, goodwill impairment testing by comparing the fair value of a reporting unit with its carrying amount and recording an impairment charge for the amount by which the carrying amount exceeds the fair value. The standards update is effective prospectively for annual and interim goodwill impairment testing performed in fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption of this standards update is not expected to impact our consolidated financial statements.

In October 2016, the FASB issued an accounting standards update with new guidance on the accounting for the income tax consequences of intra-entity transfers of assets other than inventory, including the elimination of the prohibition on recognition of current and deferred income taxes on such transfers. The standards update is effective using the modified retrospective approach for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted.  The adoption of this standards update is not expected to have a material impact on our consolidated financial statements.

In February 2016, the FASB issued an accounting standards update with new guidance intended to increase transparency and comparability among organizations relating to leases.  Lessees will be required to recognize a liability to make lease payments and a right-of-use asset representing the right to use the underlying asset for the lease term.  The FASB retained a dual model for lease classification, requiring leases to be classified as finance or operating leases to determine recognition in the statements of operations and cash flows; however, substantially all leases will be required to be recognized on the balance sheet.  Lessor accounting is largely unchanged from the current accounting model.  The standards update will also require quantitative and qualitative disclosures regarding key information about leasing arrangements. The standards update is effective using the modified retrospective approach for fiscal years and interim periods beginning after December 15, 2018, with early adoption permitted. The standard provides for certain practical expedients. The transition will require application at the beginning of the earliest comparative period presented at the time of adoption. We are substantially complete with aggregating our worldwide lease contracts, are in the process of evaluating these lease contracts and are in the early stages of implementing a new lease accounting system to support the accounting and disclosure requirements of this standards update. The adoption of this standards update is expected to have a material impact on our financial statements as the Company has significant operating lease commitments that are off-balance sheet in accordance with current US GAAP.

In May 2014, the FASB issued an accounting standards update with new guidance on recognizing revenue from contracts with customers.  The standards update outlines a single comprehensive model for entities to utilize to recognize revenue when it transfers goods or services to customers in an amount that reflects the consideration that will be received in exchange for the goods and services.  Additional disclosures will also be required to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In 2016, the FASB issued several amendments which provide clarification, additional guidance, practical expedients and technical corrections. In August 2015, the FASB deferred the effective date of this standards update to fiscal years beginning after December 15, 2017, with early adoption permitted on the original effective date of fiscal years beginning after December 15, 2016. The standard permits the use of either a retrospective or modified retrospective approach. We intend to use the modified retrospective approach.  The adoption of this standards update is not expected to have a material impact on our consolidated financial statements. We will continue our evaluation of the standards update through the date of adoption, including assessing the impact of required new disclosures.

Principles of Consolidation

The consolidated financial statements include the accounts of all legal entities in which we hold a controlling financial interest. A controlling financial interest generally arises from our ownership of a majority of the voting shares of our subsidiaries. We would also hold a controlling financial interest in variable interest entities if we are considered to be the primary beneficiary. Investments in companies in which we do not own a majority interest and we have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method. Investments in other companies are carried at cost. All intercompany balances and transactions have been eliminated in consolidation.

Restricted Cash

The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows:

(In millions)	September 30,
	2017		2016
Cash and Cash Equivalents	$	822	$	975
Restricted Cash	46		25
Total Cash, Cash Equivalents and Restricted Cash	$	868	$	1,000

Restricted Cash, which is included in Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheets, primarily represents amounts required to be set aside in connection with accounts receivable factoring programs and funds obtained under certain Chinese credit facilities for plant expansion in China.  The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables or when funds are used for plant expansion expenditures, respectively.

Reclassifications and Adjustments

Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation.

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Costs Associated with Rationalization Programs

9 Months Ended

Sep. 30, 2017

Restructuring and Related Activities [Abstract]

COSTS ASSOCIATED WITH RATIONALIZATION PROGRAMS

COSTS ASSOCIATED WITH RATIONALIZATION PROGRAMS

In order to maintain our global competitiveness, we have implemented rationalization actions over the past several years to reduce high-cost and excess manufacturing capacity and associate headcount.

The following table shows the roll-forward of our liability between periods:

				Other Exit and
(In millions)	Associate-			Non-cancelable
	Related Costs			Lease Costs			Total
Balance at December 31, 2016	$	214		$	5		$	219
2017 Charges (1)	70			25			95
Incurred, including net Foreign Currency Translation of $23 million and $0 million, respectively	(47		)	(26		)	(73		)
Reversed to the Statements of Operations	(7		)	—			(7		)
Balance at September 30, 2017	$	230		$	4		$	234

(1) Charges of $95 million exclude $14 million of benefit plan curtailments and settlements recorded in Rationalizations in the Statement of Operations.

Rationalization actions accrued at September 30, 2017 include $118 million related to the closure of our tire manufacturing facility in Philippsburg, Germany. The closure is in furtherance of our strategy to capture the growing demand for premium, large-rim diameter tires in part by reducing excess capacity in declining, less profitable segments of the tire market. Approximately $65 million of the accrued charges related to the closure are expected to be paid during the fourth quarter of 2017 with the remainder paid in 2018.

The remainder of the accrual balance at September 30, 2017 is expected to be substantially utilized within the next 12 months and includes $36 million related to global plans to reduce SAG headcount, $30 million related to manufacturing headcount reductions in certain countries in Europe, Middle East and Africa ("EMEA"), and $17 million related to a SAG headcount reduction plan in certain countries in EMEA.

The following table shows net rationalization charges included in Income before Income Taxes:

	Three Months Ended					Nine Months Ended
(In millions)	September 30,					September 30,
	2017			2016		2017		2016
Current Year Plans
Associate Severance and Other Related Costs	$	26		$	128	$	51	$	171
Other Exit and Non-Cancelable Lease Costs	—			—		1		—
Current Year Plans - Net Charges	$	26		$	128	$	52	$	171
Prior Year Plans
Associate Severance and Other Related Costs	$	(5	)	$	—	$	12	$	10
Benefit Plan Curtailments and Settlements	13			1		14		—
Other Exit and Non-Cancelable Lease Costs	12			6		24		13
Prior Year Plans - Net Charges	20			7		50		23
Total Net Charges	$	46		$	135	$	102	$	194
Asset Write-off and Accelerated Depreciation Charges	$	10		$	3	$	39	$	10

Substantially all of the new charges for the three and nine months ended September 30, 2017 and 2016 related to future cash outflows. Net current year plan charges for the three and nine months ended September 30, 2017 include charges of $25 million related to a global plan to reduce SAG headcount. Net current year plan charges for the nine months ended September 30, 2017 also include charges of $20 million related to SAG headcount reductions in certain countries in EMEA and $7 million related to a plan to improve operating efficiency in EMEA. Net current year plan charges for the three and nine months ended September 30, 2016 primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany, manufacturing headcount reductions in EMEA to improve operating efficiency and a separate plan to reduce SAG headcount globally.

Net prior year plan charges for the three months ended September 30, 2017 include $9 million related to the closure of our tire manufacturing facility in Philippsburg, Germany and $9 million related to a separate global plan to reduce SAG headcount. Net prior year plan charges for the nine months ended September 30, 2017 include $29 million related to the closure of our tire manufacturing facility in Philippsburg, Germany, $9 million related to a separate global plan to reduce SAG headcount and $9 million related to manufacturing headcount reductions in certain countries in EMEA. Net prior year plan charges for the three and nine months ended September 30, 2016 include charges of $2 million and $11 million, respectively, for associate severance and idle plant costs related to the closure of one of our manufacturing facilities in Amiens, France.

Net charges for the three and nine months ended September 30, 2017 included reversals of $5 million and $7 million, respectively, for actions no longer needed for their originally intended purposes. Ongoing rationalization plans had approximately $595 million in charges incurred prior to 2017 and approximately $45 million is expected to be incurred in future periods.

Approximately 400 associates will be released under new plans initiated in 2017, of which approximately 100 were released through September 30, 2017. In the first nine months of 2017, approximately 1,100 associates were released under plans initiated in prior years, primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany. Approximately 750 associates remain to be released under all ongoing rationalization plans.

Approximately 850 former associates of the closed Amiens, France manufacturing facility have asserted wrongful termination or other claims against us. Refer to Note to the Consolidated Financial Statements No. 11, Commitments and Contingent Liabilities, in this Form 10-Q.

Accelerated depreciation charges for the three and nine months ended September 30, 2017 primarily related to the closure of our tire manufacturing facility in Philippsburg, Germany. Accelerated depreciation charges for the three and nine months ended September 30, 2016 primarily related to the closure of our Wolverhampton, U.K. mixing and retreading facility. Asset write-off and accelerated depreciation charges for all periods were recorded in CGS.

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Other (Income) Expense

9 Months Ended

Sep. 30, 2017

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE

OTHER (INCOME) EXPENSE

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Financing fees and financial instruments	$	8		$	7		$	48		$	75
Royalty income	(10		)	(4		)	(26		)	(18		)
Net (gains) losses on asset sales	(1		)	(27		)	(14		)	(28		)
Interest income	(3		)	(4		)	(10		)	(12		)
Net foreign currency exchange (gains) losses	(1		)	(1		)	(4		)	(4		)
General and product liability expense (income) - discontinued products	(3		)	2			—			(14		)
Miscellaneous expense	14			4			15			4
	$	4		$	(23	)	$	9		$	3

Financing fees and financial instruments consist of commitment fees and charges incurred in connection with financing transactions. Financing fees and financial instruments for the nine months ended September 30, 2017 include a redemption premium of $25 million related to the redemption of our $700 million7% senior notes due 2022 in May 2017. Financing fees and financial instruments for the nine months ended September 30, 2016 include redemption premiums of $53 million related to the redemption of our $900 million6.5% senior notes due 2021 in June 2016 and our €250 million6.75% senior notes due 2019 in January 2016.

Net (gains) losses on asset sales for the nine months ended September 30, 2017 include a gain of $6 million related to the sale of a former wire plant site in Luxembourg. Net (gains) losses on asset sales for the three and nine months ended September 30, 2016 include a $16 million gain related to the sale of the former wire plant site and a $9 million gain related to the sale of our interest in a supply chain logistics company.

General and product liability expense (income) - discontinued products consists of charges for claims against us related primarily to asbestos personal injury claims, net of probable insurance recoveries. General and product liability expense (income) - discontinued products for the three and nine months ended September 30, 2017 includes a benefit of $5 million for the recovery of past costs from certain asbestos insurers. General and product liability expense (income) - discontinued products for the nine months ended September 30, 2016 includes a benefit of $4 million for the recovery of past costs from certain asbestos insurers and a benefit of $10 million related to changes in assumptions for probable insurance recoveries for asbestos claims in future periods.

Miscellaneous expense for the three and nine months ended September 30, 2017 includes $12 million related to expenses incurred by the Company as a direct result of hurricanes Harvey and Irma during the third quarter of 2017.

Also, included in Other (Income) Expense is royalty income which is derived primarily from licensing arrangements related to divested businesses as well as other licensing arrangements, interest income which primarily consists of amounts earned on cash deposits, and net foreign currency exchange (gains) losses.

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Income Taxes

9 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

In the third quarter of 2017, we recorded tax expense of $30 million on income before income taxes of $162 million. For the first nine months of 2017, we recorded tax expense of $136 million on income before income taxes of $591 million. Income tax expense for the three and nine months ended September 30, 2017 was favorably impacted by $12 million and $23 million of various discrete tax adjustments, respectively. In the third quarter of 2016, we recorded a net tax benefit of $10 million on income before income taxes of $310 million. For the first nine months of 2016, we recorded tax expense of $161 million on income before income taxes of $878 million. Income tax benefit and expense for the three and nine months ended September 30, 2016 was favorably impacted by $118 million and $127 million of various discrete tax adjustments, respectively, primarily comprised of a tax benefit resulting from changing our election for our 2009, 2010 and 2012 U.S. tax years from deducting foreign taxes to crediting foreign taxes.

We record taxes based on overall estimated annual effective tax rates. The difference between our effective tax rate and the U.S. statutory rate was primarily attributable to the discrete items noted above and an overall lower effective tax rate in the foreign jurisdictions in which we operate.

Our losses in various foreign taxing jurisdictions in recent periods represented sufficient negative evidence to require us to maintain a full valuation allowance against certain of our net foreign deferred tax assets. Each reporting period we assess available positive and negative evidence and estimate if sufficient future taxable income will be generated to utilize these existing deferred tax assets. We do not believe that sufficient positive evidence required to release all or a significant portion of these valuation allowances will exist within the next twelve months.

At January 1, 2017, we had unrecognized tax benefits of $63 million that if recognized, would have a favorable impact on our tax expense of $47 million. We had accrued interest of $4 million as of January 1, 2017. If not favorably settled, $12 million of the unrecognized tax benefits and all of the accrued interest would require the use of our cash. We do not expect any changes to our unrecognized tax benefits during 2017 to have a significant impact on our financial position or results of operations.

We are open to examination in the United States for 2016 and in Germany from 2013 onward. Generally, for our remaining tax jurisdictions, years from 2012 onward are still open to examination.

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Earnings Per Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are calculated to reflect the potential dilution that could occur if securities or other contracts were exercised or converted into common stock.

Basic and diluted earnings per common share are calculated as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions, except per share amounts)	2017		2016		2017		2016
Earnings per share — basic:
Goodyear net income	$	129	$	317	$	442	$	703
Weighted average shares outstanding	250		262		251		264
Earnings per common share — basic	$	0.52	$	1.21	$	1.76	$	2.66
Earnings per share — diluted:
Goodyear net income	$	129	$	317	$	442	$	703
Weighted average shares outstanding	250		262		251		264
Dilutive effect of stock options and other dilutive securities	4		4		4		4
Weighted average shares outstanding — diluted	254		266		255		268
Earnings per common share — diluted	$	0.50	$	1.19	$	1.73	$	2.62

Weighted average shares outstanding - diluted for the three and nine months ended September 30, 2017 and for the nine months ended September 30, 2016 exclude approximately 1 million equivalent shares related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options). There were no equivalent shares related to options with exercise prices greater than the average market price of our common shares for the three months ended September 30, 2016.

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Business Segments

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2017		2016			2017		2016
Sales:
Americas	$	2,041	$	2,070		$	6,028	$	6,111
Europe, Middle East and Africa	1,311		1,236			3,664		3,748
Asia Pacific	569		541			1,614		1,558
Net Sales	$	3,921	$	3,847		$	11,306	$	11,417
Segment Operating Income:
Americas	$	189	$	305		$	616	$	856
Europe, Middle East and Africa	87		152			262		380
Asia Pacific	81		99			225		270
Total Segment Operating Income	$	357	$	556		$	1,103	$	1,506
Less:
Rationalizations	$	46	$	135		$	102	$	194
Interest expense	84		90			260		285
Other (income) expense (Note 3)	4		(23		)	9		3
Asset write-offs and accelerated depreciation	10		3			39		10
Corporate incentive compensation plans	—		20			27		60
Pension curtailments/settlements	13		—			13		14
Intercompany profit elimination	21		2			16		7
Retained expenses of divested operations	3		2			9		12
Other	14		17			37		43
Income before Income Taxes	$	162	$	310		$	591	$	878

Rationalizations, as described in Note to the Consolidated Financial Statements No. 2, Costs Associated with Rationalization Programs, Net (gains) losses on asset sales and Asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Rationalizations:
Americas	$	4		$	6		$	6		$	10
Europe, Middle East and Africa	25			126			78			179
Asia Pacific	1			—			2			1
Total Segment Rationalizations	$	30		$	132		$	86		$	190
Corporate	16			3			16			4
Total Rationalizations	$	46		$	135		$	102		$	194
Net (Gains) Losses on Asset Sales:
Americas	$	(1	)	$	—		$	(4	)	$	—
Europe, Middle East and Africa	—			(18		)	(10		)	(18		)
Asia Pacific	—			—			—			(1		)
Total Segment Asset Sales	$	(1	)	$	(18	)	$	(14	)	$	(19	)
Corporate	—			(9		)	—			(9		)
Total Net (Gains) Losses on Asset Sales	$	(1	)	$	(27	)	$	(14	)	$	(28	)

Asset Write-offs and Accelerated Depreciation:
Americas	$	—	$	1	$	—	$	1
Europe, Middle East and Africa	10		2		39		9
Total Segment Asset Write-offs and Accelerated Depreciation	$	10	$	3	$	39	$	10

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Financing Arrangements and Derivative Financial Instruments

9 Months Ended

Sep. 30, 2017

Financing Arrangements and Derivative Financial Instruments [Abstract]

FINANCING ARRANGEMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS

FINANCING ARRANGEMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS

At September 30, 2017, we had total credit arrangements of $8,851 million, of which $2,420 million were unused. At that date, 41% of our debt was at variable interest rates averaging 4.08%.

Notes Payable and Overdrafts, Long Term Debt and Capital Leases due Within One Year and Short Term Financing Arrangements

At September 30, 2017, we had short term committed and uncommitted credit arrangements totaling $627 million, of which $351 million were unused. These arrangements are available primarily to certain of our foreign subsidiaries through various banks at quoted market interest rates.

The following table presents amounts due within one year:

	September 30,			December 31,
(In millions)	2017			2016
Notes payable and overdrafts	$	276		$	245
Weighted average interest rate	5.98		%	6.18		%
Chinese credit facilities	$	125		$	146
Other domestic and foreign debt (including capital leases)	253			290
Long term debt and capital leases due within one year	$	378		$	436
Weighted average interest rate	6.98		%	9.39		%
Total obligations due within one year	$	654		$	681

Long Term Debt and Capital Leases and Financing Arrangements

At September 30, 2017, we had long term credit arrangements totaling $8,224 million, of which $2,069 million were unused.

The following table presents long term debt and capital leases, net of unamortized discounts, and interest rates:

	September 30, 2017					December 31, 2016
				Interest					Interest
(In millions)	Amount			Rate		Amount			Rate
Notes:
8.75% due 2020	$	275				$	273
7% due 2022	—					700
5.125% due 2023	1,000					1,000
3.75% Euro Notes due 2023	296					264
5% due 2026	900					900
4.875% due 2027	700					—
7% due 2028	150					150
Credit Facilities:
$2.0 billion first lien revolving credit facility due 2021	375			2.45	%	85			1.98	%
Second lien term loan facility due 2019	399			3.24	%	399			3.75	%
€550 million revolving credit facility due 2020	390			1.75	%	—			—
Pan-European accounts receivable facility	241			0.89	%	198			0.98	%
Chinese credit facilities	247			4.81	%	315			4.68	%
Other foreign and domestic debt(1)	1,145			6.08	%	951			9.14	%
	6,118					5,235
Unamortized deferred financing fees	(43		)			(42		)
	6,075					5,193
Capital lease obligations	40					41
	6,115					5,234
Less portion due within one year	(378		)			(436		)
	$	5,737				$	4,798

(1) Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions and domestic debt related to our Global and Americas Headquarters.

NOTES

$700 million4.875% Senior Notes due 2027

In March 2017, we issued $700 million in aggregate principal amount of 4.875% senior notes due 2027. These notes were sold at 100% of the principal amount and will mature on March 15, 2027. These notes are unsecured senior obligations and are guaranteed by our U.S. and Canadian subsidiaries that also guarantee our obligations under our U.S. senior secured credit facilities described below.

$700 million7% Senior Notes due 2022

In May 2017, we used the proceeds from the $700 million4.875% senior notes due 2027, together with cash and cash equivalents, to redeem in full our $700 million7% senior notes due 2022, which included the payment of a $25 million redemption premium plus accrued and unpaid interest to the redemption date. We also recorded $6 million of expense for the write-off of deferred financing fees as a result of the redemption.

CREDIT FACILITIES

$2.0 billion Amended and Restated First Lien Revolving Credit Facility due 2021

Our amended and restated first lien revolving credit facility is available in the form of loans or letters of credit, with letter of credit availability limited to $800 million. Subject to the consent of the lenders whose commitments are to be increased, we may request that the facility be increased by up to $250 million. Our obligations under the facility are guaranteed by most of our wholly-owned U.S. and Canadian subsidiaries. Our obligations under the facility and our subsidiaries' obligations under the related guarantees are secured by first priority security interests in a variety of collateral. Based on our current liquidity, amounts drawn under this facility bear interest at LIBOR plus 125 basis points, and undrawn amounts under the facility will be subject to an annual commitment fee of 30 basis points.

Availability under the facility is subject to a borrowing base, which is based primarily on (i) eligible accounts receivable and inventory of The Goodyear Tire & Rubber Company and certain of its U.S. and Canadian subsidiaries, (ii) the value of our principal trademarks, and (iii) certain cash in an amount not to exceed $200 million. To the extent that our eligible accounts receivable and inventory and other components of the borrowing base decline in value, our borrowing base will decrease and the availability under the facility may decrease below $2.0 billion. As of September 30, 2017, our borrowing base, and therefore our availability, under this facility was $266 million below the facility's stated amount of $2.0 billion.

The facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2015. The facility also has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries.

At September 30, 2017, we had $375 million of borrowings and $37 million of letters of credit issued under the revolving credit facility. At December 31, 2016, we had $85 million of borrowings and $40 million of letters of credit issued under the revolving credit facility.

Amended and Restated Second Lien Term Loan Facility due 2019

In March 2017, we amended our second lien term loan facility. As a result of the amendment, the term loan now bears interest, at our option, at (i) 200 basis points over LIBOR or (ii) 100 basis points over an alternative base rate (the higher of (a) the prime rate, (b) the federal funds effective rate or the overnight bank funding rate plus 50 basis points or (c) LIBOR plus 100 basis points). In addition, if the Total Leverage Ratio is equal to or less than 1.25 to 1.00, we have the option to further reduce the spreads described above by 25 basis points. "Total Leverage Ratio" has the meaning given it in the facility.

Our obligations under our second lien term loan facility are guaranteed by most of our wholly-owned U.S. and Canadian subsidiaries and are secured by second priority security interests in the same collateral securing the $2.0 billion first lien revolving credit facility.

At September 30, 2017 and December 31, 2016, the amounts outstanding under this facility were $399 million.

€550 million Amended and Restated Senior Secured European Revolving Credit Facility due 2020

Our amended and restated €550 million European revolving credit facility consists of (i) a €125 million German tranche that is available only to Goodyear Dunlop Tires Germany GmbH (“GDTG”) and (ii) a €425 million all-borrower tranche that is available to Goodyear Dunlop Tires Europe B.V. ("GDTE"), GDTG and Goodyear Dunlop Tires Operations S.A. Up to €150 million of swingline loans and €50 million in letters of credit are available for issuance under the all-borrower tranche. Amounts drawn under this facility will bear interest at LIBOR plus 175 basis points for loans denominated in U.S. dollars or pounds sterling and EURIBOR plus 175 basis points for loans denominated in euros, and undrawn amounts under the facility will be subject to an annual commitment fee of 30 basis points.

GDTE and certain of its subsidiaries in the United Kingdom, Luxembourg, France and Germany provide guarantees to support the facility. The German guarantors secure the German tranche on a first-lien basis and the all-borrower tranche on a second-lien basis. GDTE and its other subsidiaries that provide guarantees secure the all-borrower tranche on a first-lien basis and generally do not provide collateral support for the German tranche. The Company and its U.S. subsidiaries and primary Canadian subsidiary that guarantee our U.S. senior secured credit facilities described above also provide unsecured guarantees in support of the facility.

The facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2014. The facility also has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries.

At September 30, 2017, there were $148 million (€125 million) of borrowings outstanding under the German tranche and there were $242 million (€205 million) of borrowings outstanding under the all-borrower tranche. At December 31, 2016, there were no borrowings outstanding under the European revolving credit facility. There were no letters of credit issued at September 30, 2017 and December 31, 2016.

Accounts Receivable Securitization Facilities (On-Balance Sheet)

GDTE and certain other of our European subsidiaries are parties to a pan-European accounts receivable securitization facility that expires in 2019. The terms of the facility provide the flexibility to designate annually the maximum amount of funding available under the facility in an amount of not less than €45 million and not more than €450 million. For the period beginning October 16, 2016 to October 15, 2017, the designated maximum amount of the facility was €320 million. Effective October 16, 2017, the designated maximum amount of the facility was reduced to €275 million.

The facility involves an ongoing daily sale of substantially all of the trade accounts receivable of certain GDTE subsidiaries to a bankruptcy-remote French company controlled by one of the liquidity banks in the facility. These subsidiaries retain servicing responsibilities. Utilization under this facility is based on eligible receivable balances.

The funding commitments under the facility will expire upon the earliest to occur of: (a) September 25, 2019, (b) the non-renewal and expiration (without substitution) of all of the back-up liquidity commitments, (c) the early termination of the facility according to its terms (generally upon an Early Amortisation Event (as defined in the facility), which includes, among other things, events similar to the events of default under our senior secured credit facilities; certain tax law changes; or certain changes to law, regulation or accounting standards), or (d) our request for early termination of the facility. The facility’s current back-up liquidity commitments will expire on October 15, 2018.

At September 30, 2017, the amounts available and utilized under this program totaled $241 million (€204 million). At December 31, 2016, the amounts available and utilized under this program totaled $198 million (€188 million). The program does not qualify for sale accounting, and accordingly, these amounts are included in Long Term Debt and Capital Leases.

In addition to the pan-European accounts receivable securitization facility discussed above, subsidiaries in Australia have an accounts receivable securitization program that provides flexibility to designate semi-annually the maximum amount of funding available under the facility in an amount of not less than 60 million Australian dollars and not more than 85 million Australian dollars. From July 1, 2016 to December 31, 2017, the designated maximum amount of the facility is 60 million Australian dollars. At September 30, 2017, the amounts available and utilized under this program were $31 million (AUD 39 million) and $29 million (AUD 37 million), respectively. At December 31, 2016, the amounts available and utilized under this program were $28 million (AUD 39 million) and $12 million (AUD 16 million), respectively. The receivables sold under this program also serve as collateral for the related facility. We retain the risk of loss related to these receivables in the event of non-payment. These amounts are included in Long Term Debt and Capital Leases due Within One Year.

For a description of the collateral securing the credit facilities described above as well as the covenants applicable to them, refer to Note to the Consolidated Financial Statements No. 15, Financing Arrangements and Derivative Financial Instruments, in our 2016 Form 10-K.

Accounts Receivable Factoring Facilities (Off-Balance Sheet)

We have sold certain of our trade receivables under off-balance sheet programs. For these programs, we have concluded that there is generally no risk of loss to us from non-payment of the sold receivables. At September 30, 2017, the gross amount of receivables sold was $495 million, compared to $502 million at December 31, 2016.

Other Foreign Credit Facilities

A Chinese subsidiary has several financing arrangements in China. At September 30, 2017, these non-revolving credit facilities had total unused availability of $218 million and can only be used to finance the expansion of our manufacturing facility in China. At September 30, 2017 and December 31, 2016, the amounts outstanding under these facilities were $247 million and $315 million, respectively. The facilities ultimately mature in 2025 and principal amortization began in 2015. The facilities contain covenants relating to the Chinese subsidiary and have customary representations and warranties and defaults relating to the Chinese subsidiary’s ability to perform its obligations under the facilities. At September 30, 2017 and December 31, 2016, restricted cash related to funds obtained under these credit facilities was $14 million and $8 million, respectively.

DERIVATIVE FINANCIAL INSTRUMENTS

We utilize derivative financial instrument contracts and nonderivative instruments to manage interest rate, foreign exchange and commodity price risks. We have established a control environment that includes policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities. We do not hold or issue derivative financial instruments for trading purposes.

Foreign Currency Contracts

We enter into foreign currency contracts in order to manage the impact of changes in foreign exchange rates on our consolidated results of operations and future foreign currency-denominated cash flows. These contracts may be used to reduce exposure to currency movements affecting existing foreign currency-denominated assets, liabilities, firm commitments and forecasted transactions resulting primarily from trade purchases and sales, equipment acquisitions, intercompany loans and royalty agreements. Contracts hedging short term trade receivables and payables normally have no hedging designation.

The following table presents the fair values for foreign currency contracts not designated as hedging instruments:

	September 30,			December 31,
(In millions)	2017			2016
Fair Values — Current asset (liability):
Accounts receivable	$	6		$	30
Other current liabilities	(8		)	(18		)

At September 30, 2017 and December 31, 2016, these outstanding foreign currency derivatives had notional amounts of $1,121 million and $1,812 million, respectively, and were primarily related to intercompany loans. Other (Income) Expense included net transaction losses on derivatives of $10 million and $55 million for the three and nine months ended September 30, 2017, respectively, and net transaction losses on derivatives of $15 million and $33 million for the three and nine months ended September 30, 2016, respectively. These amounts were substantially offset in Other (Income) Expense by the effect of changing exchange rates on the underlying currency exposures.

The following table presents fair values for foreign currency contracts designated as cash flow hedging instruments:

	September 30,			December 31,
(In millions)	2017			2016
Fair Values — Current asset (liability):
Accounts receivable	$	—		$	9
Other current liabilities	(10		)	—
Fair Values — Long term asset (liability):
Other assets	$	—		$	2
Other long term liabilities	(2		)	—

At September 30, 2017 and December 31, 2016, these outstanding foreign currency derivatives had notional amounts of $261 million and $293 million, respectively, and primarily related to U.S. dollar denominated intercompany transactions.

We enter into master netting agreements with counterparties. The amounts eligible for offset under the master netting agreements are not material and we have elected a gross presentation of foreign currency contracts in the Consolidated Balance Sheets.

The following table presents information related to foreign currency contracts designated as cash flow hedging instruments (before tax and minority):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions) (Income) Expense	2017			2016			2017			2016
Amounts deferred to Accumulated Other Comprehensive Loss ("AOCL")	$	7		$	1		$	28		$	1
Amount of deferred (gain) loss reclassified from AOCL into CGS	1			—			(3		)	(6		)
Amounts excluded from effectiveness testing	(1		)	(1		)	(2		)	(1		)

The estimated net amount of deferred losses at September 30, 2017 that are expected to be reclassified to earnings within the next twelve months is $14 million.

The counterparties to our foreign currency contracts were considered by us to be substantial and creditworthy financial institutions that are recognized market makers at the time we entered into those contracts. We seek to control our credit exposure to these counterparties by diversifying across multiple counterparties, by setting counterparty credit limits based on long term credit ratings and other indicators of counterparty credit risk such as credit default swap spreads, and by monitoring the financial strength of these counterparties on a regular basis. We also enter into master netting agreements with counterparties when possible. By controlling and monitoring exposure to counterparties in this manner, we believe that we effectively manage the risk of loss due to nonperformance by a counterparty. However, the inability of a counterparty to fulfill its contractual obligations to us could have a material adverse effect on our liquidity, financial position or results of operations in the period in which it occurs.

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Fair Value Measurements

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at September 30, 2017 and December 31, 2016:

	Total Carrying Value in the Consolidated Balance Sheet				Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In millions)	2017		2016		2017		2016		2017		2016		2017		2016
Assets:
Investments	$	10	$	9	$	10	$	9	$	—	$	—	$	—	$	—
Foreign Exchange Contracts	6		41		—		—		6		41		—		—
Total Assets at Fair Value	$	16	$	50	$	10	$	9	$	6	$	41	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	20	$	18	$	—	$	—	$	20	$	18	$	—	$	—
Total Liabilities at Fair Value	$	20	$	18	$	—	$	—	$	20	$	18	$	—	$	—

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding capital leases, at September 30, 2017 and December 31, 2016.

	September 30,		December 31,
(In millions)	2017		2016
Fixed Rate Debt:
Carrying amount — liability	$	3,580	$	3,514
Fair value — liability	3,779		3,669
Variable Rate Debt:
Carrying amount — liability	$	2,495	$	1,679
Fair value — liability	2,477		1,678

Long term debt with a fair value of $3,883 million and $3,804 million at September 30, 2017 and December 31, 2016, respectively, was estimated using quoted Level 1 market prices.  The carrying value of the remaining long term debt is categorized within the Level 2 hierarchy and approximates fair value since the terms of the financing arrangements are similar to terms that could be obtained under current lending market conditions.

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Pension, Savings and Other Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2017

Retirement Benefits [Abstract]

PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS

PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS

We provide employees with defined benefit pension or defined contribution savings plans.

Defined benefit pension cost follows:

	U.S.						U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Service cost	$	1		$	1		$	3		$	3
Interest cost	39			41			120			123
Expected return on plan assets	(60		)	(64		)	(181		)	(191		)
Amortization of net losses	27			28			83			82
Net periodic pension cost	7			6			25			17
Net curtailments and settlements	24			—			25			—
Total defined benefit pension cost	$	31		$	6		$	50		$	17

	Non-U.S.						Non-U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Service cost	$	8		$	7		$	23		$	22
Interest cost	18			20			53			61
Expected return on plan assets	(20		)	(21		)	(59		)	(67		)
Amortization of net losses	8			7			24			21
Net periodic pension cost	14			13			41			37
Net curtailments and settlements	2			—			2			13
Total defined benefit pension cost	$	16		$	13		$	43		$	50

During the third quarter of 2017, we recognized a settlement charge of $24 million in connection with our frozen salaried U.S. pension plan. The settlement charge resulted from total lump sum benefit payments exceeding annual interest cost.

For the three and nine months ended September 30, 2017, net curtailment and settlement charges of $13 million and $14 million, respectively, were included in rationalization charges for employees who terminated service as a result of ongoing rationalization plans.

During the second quarter of 2016, annuities were purchased from existing plan assets to settle $41 million in obligations of one of our U.K. pension plans which resulted in a settlement charge of $14 million.

We expect to contribute approximately $50 million to $75 million to our funded non-U.S. pension plans in 2017. For the three and nine months ended September 30, 2017, we contributed $14 million and $41 million, respectively, to our non-U.S. plans.

The expense recognized for our contributions to defined contribution savings plans for the three months ended September 30, 2017 and 2016 was $28 million and $30 million, respectively, and for the nine months ended September 30, 2017 and 2016 was $86 million and $93 million, respectively.

We also provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. Other postretirement benefits credit for the three months ended September 30, 2017 and 2016 was $2 million and $4 million, respectively, and for the nine months ended September 30, 2017 and 2016 was $5 million and $17 million, respectively.

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Stock Compensation Plans

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS

Our Board of Directors granted 0.7 million stock options, 0.1 million restricted stock units and0.2 million performance share units during the nine months ended September 30, 2017 under our stock compensation plans. The weighted average exercise price per share and weighted average fair value per share of the stock option grants during the nine months ended September 30, 2017 were $35.26 and $12.08, respectively. We estimated the fair value of the stock options using the following assumptions in our Black-Scholes model:

Expected term: 7.2 years

Interest rate: 2.13%

Volatility: 33.63%

Dividend yield: 1.13%

We measure the fair value of grants of restricted stock units and performance share units based primarily on the closing market price of a share of our common stock on the date of the grant, modified as appropriate to take into account the features of such grants. The weighted average fair value per share was $35.05 for restricted stock units and $36.78 for performance share units granted during the nine months ended September 30, 2017.

We recognized stock-based compensation expense of $5 million and $17 million during the three and nine months ended September 30, 2017, respectively. At September 30, 2017, unearned compensation cost related to the unvested portion of all stock-based awards was approximately $29 million and is expected to be recognized over the remaining vesting period of the respective grants, through the first quarter of 2022. We recognized stock-based compensation expense of $7 million and $18 million during the three and nine months ended September 30, 2016, respectively.

Stock based awards are made pursuant to stock compensation plans that are approved by our shareholders. The 2017 Performance Plan was adopted by our shareholders on April 10, 2017 and will expire on April 9, 2027 unless earlier terminated. The 2017 Performance Plan replaced the 2013 Performance Plan, which was terminated on April 10, 2017, except with respect to outstanding awards.

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Commitments and Contingent Liabilities

9 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENT LIABILITIES

COMMITMENTS AND CONTINGENT LIABILITIES

Environmental Matters

We have recorded liabilities totaling $52 million and $55 million at September 30, 2017 and December 31, 2016, respectively, for anticipated costs related to various environmental matters, primarily the remediation of numerous waste disposal sites and certain properties sold by us. Of these amounts, $18 million and $21 million was included in Other Current Liabilities at September 30, 2017 and December 31, 2016, respectively. The costs include legal and consulting fees, site studies, the design and implementation of remediation plans, post-remediation monitoring and related activities, and will be paid over several years. The amount of our ultimate liability in respect of these matters may be affected by several uncertainties, primarily the ultimate cost of required remediation and the extent to which other responsible parties contribute. We have limited potential insurance coverage for future environmental claims.

Since many of the remediation activities related to environmental matters vary substantially in duration and cost from site to site and the associated costs for each vary depending on the mix of unique site characteristics, in some cases we cannot reasonably estimate a range of possible losses. Although it is not possible to estimate with certainty the outcome of all of our environmental matters, management believes that potential losses in excess of current reserves for environmental matters, individually and in the aggregate, will not have a material adverse effect on our financial position, cash flows or results of operations.

Workers’ Compensation

We have recorded liabilities, on a discounted basis, totaling $252 million and $248 million for anticipated costs related to workers’ compensation at September 30, 2017 and December 31, 2016, respectively. Of these amounts, $46 million and $48 million was included in Current Liabilities as part of Compensation and Benefits at September 30, 2017 and December 31, 2016, respectively. The costs include an estimate of expected settlements on pending claims, defense costs and a provision for claims incurred but not reported. These estimates are based on our assessment of potential liability using an analysis of available information with respect to pending claims, historical experience, and current cost trends. The amount of our ultimate liability in respect of these matters may differ from these estimates. We periodically, and at least annually, update our loss development factors based on actuarial analyses. At September 30, 2017 and December 31, 2016, the liability was discounted using a risk-free rate of return. At September 30, 2017, we estimate that it is reasonably possible that the liability could exceed our recorded amounts by approximately $30 million.

General and Product Liability and Other Litigation

We have recorded liabilities totaling $333 million and $316 million, including related legal fees expected to be incurred, for potential product liability and other tort claims, including asbestos claims, at September 30, 2017 and December 31, 2016, respectively. Of these amounts, $59 million and $49 million was included in Other Current Liabilities at September 30, 2017 and December 31, 2016, respectively. The amounts recorded were estimated based on an assessment of potential liability using an analysis of available information with respect to pending claims, historical experience and, where available, recent and current trends. Based upon that assessment, at September 30, 2017, we do not believe that estimated reasonably possible losses associated with general and product liability claims in excess of the amounts recorded will have a material adverse effect on our financial position, cash flows or results of operations. However, the amount of our ultimate liability in respect of these matters may differ from these estimates.

We have recorded an indemnification asset within Accounts Receivable of $5 million and within Other Assets of $27 million for Sumitomo Rubber Industries, Ltd.'s ("SRI") obligation to indemnify us for certain product liability claims related to products manufactured by a formerly consolidated joint venture entity, subject to certain caps and restrictions.

Asbestos. We are a defendant in numerous lawsuits alleging various asbestos-related personal injuries purported to result from alleged exposure to asbestos in certain products manufactured by us or present in certain of our facilities. Typically, these lawsuits have been brought against multiple defendants in state and federal courts. To date, we have disposed of approximately 127,400 claims by defending, obtaining the dismissal thereof, or entering into a settlement. The sum of our accrued asbestos-related liability and gross payments to date, including legal costs, by us and our insurers totaled approximately $529 million through September 30, 2017 and $517 million through December 31, 2016.

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.

	Nine Months Ended			Year Ended
(Dollars in millions)	September 30, 2017			December 31, 2016
Pending claims, beginning of period	64,400			67,400
New claims filed	1,500			1,900
Claims settled/dismissed	(4,700		)	(4,900		)
Pending claims, end of period	61,200			64,400
Payments (1)	$	6		$	20

(1) Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

We periodically, and at least annually, review our existing reserves for pending claims, including a reasonable estimate of the liability associated with unasserted asbestos claims, and estimate our receivables from probable insurance recoveries. We recorded gross liabilities for both asserted and unasserted claims, inclusive of defense costs, totaling $177 million and $171 million at September 30, 2017 and December 31, 2016, respectively. In determining the estimate of our asbestos liability, we evaluated claims over the next ten-year period. Due to the difficulties in making these estimates, analysis based on new data and/or a change in circumstances arising in the future may result in an increase in the recorded obligation, and that increase could be significant.

We maintain certain primary and excess insurance coverage under coverage-in-place agreements, and also have additional excess liability insurance with respect to asbestos liabilities. After consultation with our outside legal counsel and giving consideration to agreements with certain of our insurance carriers, the financial viability and legal obligations of our insurance carriers and other relevant factors, we determine an amount we expect is probable of recovery from such carriers. We record a receivable with respect to such policies when we determine that recovery is probable and we can reasonably estimate the amount of a particular recovery.

We recorded a receivable related to asbestos claims of $121 million and $123 million at September 30, 2017 and December 31, 2016, respectively. We expect that approximately 70% of asbestos claim related losses would be recoverable through insurance during the ten-year period covered by the estimated liability. Of these amounts, $12 million was included in Current Assets as part of Accounts Receivable at September 30, 2017 and December 31, 2016. The recorded receivable consists of an amount we expect to collect under coverage-in-place agreements with certain primary and excess insurance carriers as well as an amount we believe is probable of recovery from certain of our other excess insurance carriers.

We believe that, at December 31, 2016, we had approximately $430 million in excess level policy limits applicable to indemnity and defense costs for asbestos products claims under coverage-in-place agreements.  We also had additional unsettled excess level policy limits potentially applicable to such costs.  We had coverage under certain primary policies for indemnity and defense costs for asbestos products claims under remaining aggregate limits pursuant to a coverage-in-place agreement, as well as coverage for indemnity and defense costs for asbestos premises claims pursuant to coverage-in-place agreements.

With respect to both asserted and unasserted claims, it is reasonably possible that we may incur a material amount of cost in excess of the current reserve; however, such amounts cannot be reasonably estimated. Coverage under insurance policies is subject to varying characteristics of asbestos claims including, but not limited to, the type of claim (premise vs. product exposure), alleged date of first exposure to our products or premises and disease alleged. Depending upon the nature of these characteristics, as well as the resolution of certain legal issues, some portion of the insurance may not be accessible by us.

Amiens Labor Claims

Approximately 850 former employees of the closed Amiens, France manufacturing facility have asserted wrongful termination or other claims totaling €119 million ($140 million) against Goodyear Dunlop Tires France. We intend to vigorously defend ourselves against these claims, and any additional claims that may be asserted against us, and cannot estimate the amounts, if any, that we may ultimately pay in respect of such claims.

Other Actions

We are currently a party to various claims, indirect tax assessments and legal proceedings in addition to those noted above. If management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable than another. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Based on currently available information, management believes that the ultimate outcome of these matters, individually and in the aggregate, will not have a material adverse effect on our financial position or overall trends in results of operations.

Our recorded liabilities and estimates of reasonably possible losses for the contingent liabilities described above are based on our assessment of potential liability using the information available to us at the time and, where applicable, any past experience and recent and current trends with respect to similar matters. Our contingent liabilities are subject to inherent uncertainties, and unfavorable judicial or administrative decisions could occur which we did not anticipate. Such an unfavorable decision could include monetary damages, fines or other penalties or an injunction prohibiting us from taking certain actions or selling certain products. If such an unfavorable decision were to occur, it could result in a material adverse impact on our financial position and results of operations in the period in which the decision occurs, or in future periods.

Income Tax Matters

The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for anticipated tax audit issues based on our estimate of whether, and the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We also recognize income tax benefits to the extent that it is more likely than not that our positions will be sustained when challenged by the taxing authorities. We derecognize income tax benefits when based on new information we determine that it is no longer more likely than not that our position will be sustained. To the extent we prevail in matters for which liabilities have been established, or determine we need to derecognize tax benefits recorded in prior periods, our results of operations and effective tax rate in a given period could be materially affected. An unfavorable tax settlement would require use of our cash, and lead to recognition of expense to the extent the settlement amount exceeds recorded liabilities and, in the case of an income tax settlement, result in an increase in our effective tax rate in the period of resolution. A favorable tax settlement would be recognized as a reduction of expense to the extent the settlement amount is lower than recorded liabilities and, in the case of an income tax settlement, would result in a reduction in our effective tax rate in the period of resolution.

While the Company applies consistent transfer pricing policies and practices globally, supports transfer prices through economic studies, seeks advance pricing agreements and joint audits to the extent possible and believes its transfer prices to be appropriate, such transfer prices, and related interpretations of tax laws, are occasionally challenged by various taxing authorities globally. We have received various tax assessments challenging our interpretations of applicable tax laws in various jurisdictions. Although we believe we have complied with applicable tax laws, have strong positions and defenses and have historically been successful in defending such claims, our results of operations could be materially adversely affected in the case we are unsuccessful in the defense of existing or future claims.

Guarantees

We have off-balance sheet financial guarantees and other commitments totaling approximately $39 million and $40 million at September 30, 2017 and December 31, 2016, respectively. We issue guarantees to financial institutions or other entities on behalf of certain of our affiliates, lessors or customers. We also generally do not require collateral in connection with the issuance of these guarantees. In 2015, as a result of the dissolution of the global alliance with SRI, we issued a guarantee of approximately $46 million to an insurance company related to SRI's obligation to pay certain outstanding workers' compensation claims of a formerly consolidated joint venture entity. As of September 30, 2017, this guarantee amount has been reduced to $38 million. We have concluded the probability of our performance to be remote and, therefore, have not recorded a liability for this guarantee. While there is no fixed duration of this guarantee, we expect the amount of this guarantee to continue to decrease over time as the formerly consolidated joint venture entity pays its outstanding claims. If our performance under these guarantees is triggered by non-payment or another specified event, we would be obligated to make payment to the financial institution or the other entity, and would typically have recourse to the affiliate, lessor, customer, or SRI. Except for the workers' compensation guarantee described above, the guarantees expire at various times through 2020. We are unable to estimate the extent to which our affiliates’, lessors’, customers’, or SRI's assets would be adequate to recover any payments made by us under the related guarantees.

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Capital Stock

9 Months Ended

Sep. 30, 2017

Captial Stock [Abstract]

CAPITAL STOCK

CAPITAL STOCK

Dividends

During the third quarter of 2017, cash dividends of $0.10 per share were declared on July 12, 2017 and paid on September 1, 2017. During the third quarter of 2016, cash dividends of $0.07 per share were declared on July 12, 2016 and paid on September 1, 2016, and cash dividends of $0.10 per share were declared on September 7, 2016 and paid during the fourth quarter of 2016 on December 1, 2016.

In the first nine months of 2017 and 2016, we paid cash dividends of $75 million and $56 million, respectively, on our common stock. On October 10, 2017, the Board of Directors (or a duly authorized committee thereof) declared cash dividends of $0.14 per share of common stock, or approximately $35 million in the aggregate, which represents an increase of $0.04 per share. The dividend will be paid on December 1, 2017 to stockholders of record as of the close of business on November 1, 2017. Future quarterly dividends are subject to Board approval. We will pay dividends of $0.44 per share during 2017, and paid dividends of $0.31 per share during 2016.

Common Stock Repurchases

On September 18, 2013, the Board of Directors approved our common stock repurchase program. From time to time, the Board of Directors has approved increases in the amount authorized to be purchased under that program. On February 2, 2017, the Board of Directors approved a further increase in that authorization to an aggregate of $2.1 billion. This program expires on December 31, 2019. We intend to repurchase shares of common stock in open market transactions in order to offset new shares issued under equity compensation programs and to provide for additional shareholder returns. During the third quarter of 2017, we repurchased 5,592,239 shares at an average price, including commissions, of $31.29 per share, or $175 million in the aggregate. During the first nine months of 2017, we repurchased 6,435,359 shares at an average price, including commissions, of $31.88 per share, or $205 million in the aggregate. Since 2013, we repurchased 37,649,469 shares at an average price, including commissions, of $29.71 per share, or $1,118 million in the aggregate.

In addition, we may repurchase shares delivered to us by employees as payment for the exercise price of stock options and the withholding taxes due upon the exercise of the stock options or the vesting or payment of stock awards. During the first nine months of 2017, we did not repurchase any shares from employees.

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Changes in Shareholders' Equity

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

CHANGES IN SHAREHOLDERS’ EQUITY

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

	September 30, 2017									September 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	442			13			455			703			14			717
Foreign currency translation, net of tax of $44 in 2017 ($17 in 2016)	155			14			169			(7		)	2			(5		)
Amortization of prior service cost and unrecognized gains included in total benefit cost, net of tax of $31 in 2017 ($24 in 2016)	57			—			57			49			—			49
(Increase)/Decrease in net actuarial losses, net of tax of ($15) in 2017 ($0 in 2016)	(23		)	—			(23		)	2			—			2
Immediate recognition of prior service cost and unrecognized gains due to curtailments, settlements, and divestitures, net of tax of $9 in 2017 ($0 in 2016)	15			—			15			15			—			15
Deferred derivative losses, net of tax of ($9) in 2017 ($0 in 2016)	(19		)	—			(19		)	(1		)	—			(1		)
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2017 (($1) in 2016)	(2		)	—			(2		)	(5		)	—			(5		)
Other comprehensive income	183			14			197			53			2			55
Total comprehensive income	625			27			652			756			16			772
Adoption of new accounting standard	—			—			—			56			—			56
Dividends declared to minority shareholders	—			(6		)	(6		)	—			(11		)	(11		)
Stock-based compensation plans (Note 10)	17			—			17			18			—			18
Repurchase of common stock (Note 12)	(205		)	—			(205		)	(200		)	—			(200		)
Dividends declared (Note 12)	(75		)	—			(75		)	(82		)	—			(82		)
Common stock issued from treasury	13			—			13			9			—			9
Balance at end of period	$	4,882		$	239		$	5,121		$	4,477		$	227		$	4,704

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Reclassifications out of Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 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 nine months ended September 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	155			(23		)	(19		)	113
Amounts reclassified from accumulated other comprehensive loss	—			72			(2		)	70
Balance at September 30, 2017	$	(1,000	)	$	(3,004	)	$	(11	)	$	(4,015	)
	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	(7		)	2			(1		)	(6		)
Amounts reclassified from accumulated other comprehensive loss	—			64			(5		)	59
Balance at September 30, 2016	$	(953	)	$	(3,005	)	$	1		$	(3,957	)

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

	Three Months Ended September 30,						Nine Months Ended September 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	$	28		$	25		$	88		$	73		Total Benefit Cost
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	24			—			24			15			Total Benefit Cost
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	$	52		$	25		$	112		$	88
Tax effect	(19		)	(8		)	(40		)	(24		)	United States and Foreign Taxes
Net of tax	$	33		$	17		$	72		$	64		Goodyear Net Income
Deferred Derivative (Gains) Losses, before tax	$	1		$	—		$	(3	)	$	(6	)	Cost of Goods Sold
Tax effect	—			—			1			1			United States and Foreign Taxes
Net of tax	$	1		$	—		$	(2	)	$	(5	)	Goodyear Net Income
Total reclassifications	$	34		$	17		$	70		$	59		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.

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Consolidating Financial Information

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

CONSOLIDATING FINANCIAL INFORMATION

CONSOLIDATING FINANCIAL INFORMATION

Certain of our subsidiaries have guaranteed our obligations under the $282 million outstanding principal amount of 8.75% notes due 2020, the $1.0 billion outstanding principal amount of 5.125% senior notes due 2023, the $900 million outstanding principal amount of 5% senior notes due 2026 and the $700 million outstanding principal amount of 4.875% senior notes due 2027 (collectively, the “notes”). The following presents the condensed consolidating financial information separately for:

(i) The Goodyear Tire & Rubber Company (the “Parent Company”), the issuer of the guaranteed obligations;

(ii) Guarantor Subsidiaries, on a combined basis, as specified in the indentures related to Goodyear’s obligations under the notes;

(iii) Non-Guarantor Subsidiaries, on a combined basis;

(iv) Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, (b) eliminate the investments in our subsidiaries, and (c) record consolidating entries; and

(v) The Goodyear Tire & Rubber Company and Subsidiaries on a consolidated basis.

Each guarantor subsidiary is 100% owned by the Parent Company at the date of each balance sheet presented. The notes are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent Company and guarantor subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation. Changes in intercompany receivables and payables related to operations, such as intercompany sales or service charges, are included in cash flows from operating activities. Intercompany transactions reported as investing or financing activities include the sale of capital stock, loans and other capital transactions between members of the consolidated group.

During the first quarter of 2017, one of our guarantor subsidiaries merged with the Parent Company.  We have changed the prior year consolidating financial statements to conform to the current structure.  As a result, Parent Company Total Assets decreased $113 million and Guarantor Subsidiaries Total Assets decreased $358 million, with corresponding offsetting adjustments presented on the same line items in the Consolidating Entries and Eliminations column, as of December 31, 2016. In addition, Parent Company Total Liabilities decreased $113 million, Guarantor Subsidiaries Total Liabilities decreased $46 million and Guarantor Subsidiaries Total Shareholders' Equity decreased $312 million, with corresponding offsetting adjustments presented on the same line items in the Consolidating Entries and Eliminations column, as of December 31, 2016. Furthermore, Net Income increased $4 million and $12 million for Guarantor Subsidiaries, with corresponding offsetting adjustments presented on the same line items in the Consolidating Entries and Eliminations column, for the three and nine month periods ended September 30, 2016, respectively. The change did not impact the Non-Guarantor Subsidiaries presentation in the previously issued consolidating financial statements.

Certain Non-Guarantor Subsidiaries of the Parent Company are limited in their ability to remit funds to it by means of dividends, advances or loans due to required foreign government and/or currency exchange board approvals or limitations in credit agreements or other debt instruments of those subsidiaries.

	Condensed Consolidating Balance Sheet
	September 30, 2017
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	59	$	36	$	727	$	—		$	822
Accounts Receivable, net	660		153		1,859		—			2,672
Accounts Receivable From Affiliates	—		144		260		(404		)	—
Inventories	1,582		52		1,401		(44		)	2,991
Prepaid Expenses and Other Current Assets	73		2		165		2			242
Total Current Assets	2,374		387		4,412		(446		)	6,727
Goodwill	24		1		435		127			587
Intangible Assets	117		—		20		—			137
Deferred Income Taxes	1,883		39		434		—			2,356
Other Assets	215		53		443		3			714
Investments in Subsidiaries	4,689		592		—		(5,281		)	—
Property, Plant and Equipment, net	2,469		403		4,486		(27		)	7,331
Total Assets	$	11,771	$	1,475	$	10,230	$	(5,624	)	$	17,852
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	822	$	104	$	1,698	$	—		$	2,624
Accounts Payable to Affiliates	404		—		—		(404		)	—
Compensation and Benefits	306		16		260		—			582
Other Current Liabilities	342		9		711		—			1,062
Notes Payable and Overdrafts	30		—		246		—			276
Long Term Debt and Capital Leases Due Within One Year	4		—		374		—			378
Total Current Liabilities	1,908		129		3,289		(404		)	4,922
Long Term Debt and Capital Leases	3,974		52		1,711		—			5,737
Compensation and Benefits	620		104		735		—			1,459
Deferred Income Taxes	—		1		90		—			91
Other Long Term Liabilities	387		11		124		—			522
Total Liabilities	6,889		297		5,949		(404		)	12,731
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	246		—		—		—			246
Other Equity	4,636		1,178		4,042		(5,220		)	4,636
Goodyear Shareholders’ Equity	4,882		1,178		4,042		(5,220		)	4,882
Minority Shareholders’ Equity — Nonredeemable	—		—		239		—			239
Total Shareholders’ Equity	4,882		1,178		4,281		(5,220		)	5,121
Total Liabilities and Shareholders’ Equity	$	11,771	$	1,475	$	10,230	$	(5,624	)	$	17,852

	Condensed Consolidating Balance Sheet
	December 31, 2016
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	188	$	55	$	889	$	—		$	1,132
Accounts Receivable, net	589		106		1,074		—			1,769
Accounts Receivable From Affiliates	—		277		270		(547		)	—
Inventories	1,443		25		1,178		(19		)	2,627
Prepaid Expenses and Other Current Assets	57		3		130		—			190
Total Current Assets	2,277		466		3,541		(566		)	5,718
Goodwill	24		—		391		120			535
Intangible Assets	118		—		18		—			136
Deferred Income Taxes	2,010		31		373		—			2,414
Other Assets	223		53		387		5			668
Investments in Subsidiaries	4,344		541		—		(4,885		)	—
Property, Plant and Equipment, net	2,481		308		4,279		(28		)	7,040
Total Assets	$	11,477	$	1,399	$	8,989	$	(5,354	)	$	16,511
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	905	$	142	$	1,542	$	—		$	2,589
Accounts Payable to Affiliates	547		—		—		(547		)	—
Compensation and Benefits	365		15		204		—			584
Other Current Liabilities	355		—		611		(3		)	963
Notes Payable and Overdrafts	—		—		245		—			245
Long Term Debt and Capital Leases Due Within One Year	6		—		430		—			436
Total Current Liabilities	2,178		157		3,032		(550		)	4,817
Long Term Debt and Capital Leases	3,685		—		1,113		—			4,798
Compensation and Benefits	682		98		680		—			1,460
Deferred Income Taxes	—		1		84		—			85
Other Long Term Liabilities	425		12		188		1			626
Total Liabilities	6,970		268		5,097		(549		)	11,786
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	252		—		—		—			252
Other Equity	4,255		1,131		3,674		(4,805		)	4,255
Goodyear Shareholders’ Equity	4,507		1,131		3,674		(4,805		)	4,507
Minority Shareholders’ Equity — Nonredeemable	—		—		218		—			218
Total Shareholders’ Equity	4,507		1,131		3,892		(4,805		)	4,725
Total Liabilities and Shareholders’ Equity	$	11,477	$	1,399	$	8,989	$	(5,354	)	$	16,511

	Consolidating Statements of Operations
	Three Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net Sales	$	1,790		$	294		$	2,448	$	(611	)	$	3,921
Cost of Goods Sold	1,402			264			2,024		(621		)	3,069
Selling, Administrative and General Expense	233			10			313		—			556
Rationalizations	20			—			26		—			46
Interest Expense	62			2			34		(14		)	84
Other (Income) Expense	(54		)	(9		)	4		63			4
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	127			27			47		(39		)	162
United States and Foreign Taxes	9			6			12		3			30
Equity in Earnings of Subsidiaries	11			(3		)	—		(8		)	—
Net Income (Loss)	129			18			35		(50		)	132
Less: Minority Shareholders’ Net Income	—			—			3		—			3
Goodyear Net Income (Loss)	$	129		$	18		$	32	$	(50	)	$	129
Comprehensive Income (Loss)	$	166		$	16		$	86	$	(98	)	$	170
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			4		—			4
Goodyear Comprehensive Income (Loss)	$	166		$	16		$	82	$	(98	)	$	166

	Consolidating Statements of Operations
	Three Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	1,888		$	323	$	2,319		$	(683	)	$	3,847
Cost of Goods Sold	1,394			298		1,737			(693		)	2,736
Selling, Administrative and General Expense	268			9		322			—			599
Rationalizations	7			—		128			—			135
Interest Expense	64			2		24			—			90
Other (Income) Expense	(24		)	—		(7		)	8			(23		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	179			14		115			2			310
United States and Foreign Taxes	(55		)	3		41			1			(10		)
Equity in Earnings of Subsidiaries	83			10		—			(93		)	—
Net Income (Loss)	317			21		74			(92		)	320
Less: Minority Shareholders’ Net Income	—			—		3			—			3
Goodyear Net Income (Loss)	$	317		$	21	$	71		$	(92	)	$	317
Comprehensive Income (Loss)	$	322		$	21	$	70		$	(88	)	$	325
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—		3			—			3
Goodyear Comprehensive Income (Loss)	$	322		$	21	$	67		$	(88	)	$	322

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	5,420		$	883		$	7,066		$	(2,063	)	$	11,306
Cost of Goods Sold	4,244			824			5,662			(2,104		)	8,626
Selling, Administrative and General Expense	740			29			949			—			1,718
Rationalizations	22			—			80			—			102
Interest Expense	196			6			96			(38		)	260
Other (Income) Expense	(73		)	(8		)	(19		)	109			9
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	291			32			298			(30		)	591
United States and Foreign Taxes	69			6			61			—			136
Equity in Earnings of Subsidiaries	220			28			—			(248		)	—
Net Income (Loss)	442			54			237			(278		)	455
Less: Minority Shareholders’ Net Income	—			—			13			—			13
Goodyear Net Income (Loss)	$	442		$	54		$	224		$	(278	)	$	442
Comprehensive Income (Loss)	$	625		$	57		$	426		$	(456	)	$	652
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			27			—			27
Goodyear Comprehensive Income (Loss)	$	625		$	57		$	399		$	(456	)	$	625

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	5,564		$	988	$	6,922		$	(2,057	)	$	11,417
Cost of Goods Sold	4,131			922		5,311			(2,114		)	8,250
Selling, Administrative and General Expense	799			30		979			(1		)	1,807
Rationalizations	12			—		182			—			194
Interest Expense	210			9		77			(11		)	285
Other (Income) Expense	(29		)	1		(17		)	48			3
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	441			26		390			21			878
United States and Foreign Taxes	50			2		104			5			161
Equity in Earnings of Subsidiaries	312			31		—			(343		)	—
Net Income (Loss)	703			55		286			(327		)	717
Less: Minority Shareholders’ Net Income	—			—		14			—			14
Goodyear Net Income (Loss)	$	703		$	55	$	272		$	(327	)	$	703
Comprehensive Income (Loss)	$	756		$	35	$	311		$	(330	)	$	772
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—		16			—			16
Goodyear Comprehensive Income (Loss)	$	756		$	35	$	295		$	(330	)	$	756

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	179		$	—		$	(303	)	$	(30	)	$	(154	)
Cash Flows from Investing Activities:
Capital Expenditures	(247		)	(115		)	(323		)	2			(683		)
Asset Dispositions	1			—			8			—			9
Short Term Securities Acquired	—			—			(51		)	—			(51		)
Short Term Securities Redeemed	—			—			51			—			51
Capital Contributions and Loans Incurred	(75		)	—			(41		)	116			—
Capital Redemptions and Loans Paid	21			—			61			(82		)	—
Other Transactions	—			—			(1		)	—			(1		)
Total Cash Flows from Investing Activities	(300		)	(115		)	(296		)	36			(675		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	175			—			369			—			544
Short Term Debt and Overdrafts Paid	(145		)	—			(378		)	—			(523		)
Long Term Debt Incurred	2,597			52			2,323			—			4,972
Long Term Debt Paid	(2,310		)	—			(1,883		)	—			(4,193		)
Common Stock Issued	12			—			—			—			12
Common Stock Repurchased	(205		)	—			—			—			(205		)
Common Stock Dividends Paid	(75		)	—			—			—			(75		)
Capital Contributions and Loans Incurred	41			62			13			(116		)	—
Capital Redemptions and Loans Paid	(61		)	(21		)	—			82			—
Intercompany Dividends Paid	—			—			(28		)	28			—
Transactions with Minority Interests in Subsidiaries	—			—			(6		)	—			(6		)
Debt Related Costs and Other Transactions	(38		)	—			(31		)	—			(69		)
Total Cash Flows from Financing Activities	(9		)	93			379			(6		)	457
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			3			48			—			51
Net Change in Cash, Cash Equivalents and Restricted Cash	(130		)	(19		)	(172		)	—			(321		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	210			55			924			—			1,189
Cash, Cash Equivalents and Restricted Cash at End of the Period	$	80		$	36		$	752		$	—		$	868

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	31		$	26		$	261		$	(28	)	$	290
Cash Flows from Investing Activities:
Capital Expenditures	(271		)	(69		)	(375		)	4			(711		)
Asset Dispositions	11			—			2			—			13
Short Term Securities Acquired	—			—			(46		)	—			(46		)
Short Term Securities Redeemed	—			—			34			—			34
Capital Contributions and Loans Incurred	(165		)	—			(248		)	413			—
Capital Redemptions and Loans Paid	48			—			148			(196		)	—
Other Transactions	—			—			2			—			2
Total Cash Flows from Investing Activities	(377		)	(69		)	(483		)	221			(708		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	—			—			219			—			219
Short Term Debt and Overdrafts Paid	—			—			(99		)	—			(99		)
Long Term Debt Incurred	2,339			—			1,790			—			4,129
Long Term Debt Paid	(2,034		)	—			(1,991		)	—			(4,025		)
Common Stock Issued	9			—			—			—			9
Common Stock Repurchased	(200		)	—			—			—			(200		)
Common Stock Dividends Paid	(56		)	—			—			—			(56		)
Capital Contributions and Loans Incurred	248			59			106			(413		)	—
Capital Redemptions and Loans Paid	(148		)	(25		)	(23		)	196			—
Intercompany Dividends Paid	—			—			(24		)	24			—
Transactions with Minority Interests in Subsidiaries	—			—			(9		)	—			(9		)
Debt Related Costs and Other Transactions	(66		)	—			(11		)	—			(77		)
Total Cash Flows from Financing Activities	92			34			(42		)	(193		)	(109		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			1			24			—			25
Net Change in Cash, Cash Equivalents and Restricted Cash	(254		)	(8		)	(240		)	—			(502		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	361			67			1,074			—			1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period	$	107		$	59		$	834		$	—		$	1,000

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Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared by The Goodyear Tire & Rubber Company (the “Company,” “Goodyear,” “we,” “us” or “our”) in accordance with Securities and Exchange Commission rules and regulations and generally accepted accounting principles in the United States of America ("US GAAP") and in the opinion of management contain all adjustments (including normal recurring adjustments) necessary to fairly state the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016 (the “2016 Form 10-K”).

Operating results for the three and nine months ended September 30, 2017 are not necessarily indicative of the results expected in subsequent quarters or for the year ending December 31, 2017.

Recently Issued and Adopted Accounting Standards

Recently Adopted Accounting Standards

Effective January 1, 2017, we adopted an accounting standards update with new guidance on the transition to the equity method of accounting. The new guidance eliminates the requirement for an investor to retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. Instead, the investor is required to apply the equity method prospectively from the date the investment qualifies for the equity method. In addition, an entity that has an available-for-sale equity security that becomes qualified for the equity method must recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment qualifies for the equity method. The adoption of this standards update did not impact our consolidated financial statements.

Effective January 1, 2017, we adopted an accounting standards update with new guidance on the measurement of inventory. Inventory within the scope of this update is required to be measured at the lower of its cost or net realizable value, with net realizable value being the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The adoption of this standards update did not impact our consolidated financial statements.

Effective January 1, 2017, we early adopted an accounting standards update with new guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update provides guidance on eight specific cash flow issues. As a result of the adoption, premiums for debt extinguishment of $53 million were reclassified from Operating Activities to Financing Activities in the statement of cash flows for the nine months ended September 30, 2016. The other seven specific cash flow issues were either not applicable to Goodyear or the treatment has not changed from our current practice.

Effective January 1, 2017, we early adopted an accounting standards update with new guidance on the presentation of restricted cash in the statement of cash flows. The standards update requires that the reconciliation of the beginning and end of period cash amounts shown in the statement of cash flows include restricted cash. When restricted cash is presented separately from cash and cash equivalents on the balance sheet, a reconciliation is required between the amounts presented on the statement of cash flows and the balance sheet. Also, the new guidance requires the disclosure of information about the nature of the restrictions. The restricted cash balances as of September 30, 2017, December 31, 2016, and September 30, 2016 were $46 million, $57 million and $25 million, respectively.

Recently Issued Accounting Standards

In August 2017, the Financial Accounting Standards Board ("FASB") issued an accounting standards update with new guidance intended to reduce complexity in hedge accounting and make hedge results easier to understand. This includes simplifying how hedge results are presented and disclosed in the financial statements, expanding the types of hedge strategies allowed and providing relief around the documentation and assessment requirements. The standards update is effective using a modified retrospective approach, with the presentation and disclosure guidance required prospectively, for fiscal years and interim periods beginning after December 15, 2018, with early adoption permitted. We are currently assessing the impact of this standards update on our consolidated financial statements.

In May 2017, the FASB issued an accounting standards update with new guidance to clarify when changes to the terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires the application of modification accounting if the value, vesting conditions or classification of the award changes. The standards update is effective prospectively for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted. The adoption of this standards update is not expected to impact our consolidated financial statements.

In March 2017, the FASB issued an accounting standards update intended to improve the financial statement presentation of pension and postretirement benefits cost. The standards update requires employers that offer defined benefit pension or other postretirement benefit plans to report service cost in the same income statement line as compensation costs and to report non-service related costs separately from service cost outside a sub-total of income from operations, if one is presented. Currently, the Company records both service and non-service related costs in selling, administrative and general expense ("SAG") and cost of goods sold ("CGS"), as appropriate. Under the new standard, non-service related costs, which are expected to total approximately $70 million for full-year 2017, will be recorded in Other (Income) Expense. In addition, the new guidance allows only service cost to be capitalized. The standards update is effective retrospectively for the financial statement presentation of benefits cost and prospectively for the capitalization of service cost for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted.

In January 2017, the FASB issued an accounting standards update with new guidance intended to simplify the subsequent measurement of goodwill. The standards update eliminates the requirement for an entity to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, an entity will perform its annual, or interim, goodwill impairment testing by comparing the fair value of a reporting unit with its carrying amount and recording an impairment charge for the amount by which the carrying amount exceeds the fair value. The standards update is effective prospectively for annual and interim goodwill impairment testing performed in fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption of this standards update is not expected to impact our consolidated financial statements.

In October 2016, the FASB issued an accounting standards update with new guidance on the accounting for the income tax consequences of intra-entity transfers of assets other than inventory, including the elimination of the prohibition on recognition of current and deferred income taxes on such transfers. The standards update is effective using the modified retrospective approach for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted.  The adoption of this standards update is not expected to have a material impact on our consolidated financial statements.

In February 2016, the FASB issued an accounting standards update with new guidance intended to increase transparency and comparability among organizations relating to leases.  Lessees will be required to recognize a liability to make lease payments and a right-of-use asset representing the right to use the underlying asset for the lease term.  The FASB retained a dual model for lease classification, requiring leases to be classified as finance or operating leases to determine recognition in the statements of operations and cash flows; however, substantially all leases will be required to be recognized on the balance sheet.  Lessor accounting is largely unchanged from the current accounting model.  The standards update will also require quantitative and qualitative disclosures regarding key information about leasing arrangements. The standards update is effective using the modified retrospective approach for fiscal years and interim periods beginning after December 15, 2018, with early adoption permitted. The standard provides for certain practical expedients. The transition will require application at the beginning of the earliest comparative period presented at the time of adoption. We are substantially complete with aggregating our worldwide lease contracts, are in the process of evaluating these lease contracts and are in the early stages of implementing a new lease accounting system to support the accounting and disclosure requirements of this standards update. The adoption of this standards update is expected to have a material impact on our financial statements as the Company has significant operating lease commitments that are off-balance sheet in accordance with current US GAAP.

In May 2014, the FASB issued an accounting standards update with new guidance on recognizing revenue from contracts with customers.  The standards update outlines a single comprehensive model for entities to utilize to recognize revenue when it transfers goods or services to customers in an amount that reflects the consideration that will be received in exchange for the goods and services.  Additional disclosures will also be required to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In 2016, the FASB issued several amendments which provide clarification, additional guidance, practical expedients and technical corrections. In August 2015, the FASB deferred the effective date of this standards update to fiscal years beginning after December 15, 2017, with early adoption permitted on the original effective date of fiscal years beginning after December 15, 2016. The standard permits the use of either a retrospective or modified retrospective approach. We intend to use the modified retrospective approach.  The adoption of this standards update is not expected to have a material impact on our consolidated financial statements. We will continue our evaluation of the standards update through the date of adoption, including assessing the impact of required new disclosures.

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of all legal entities in which we hold a controlling financial interest. A controlling financial interest generally arises from our ownership of a majority of the voting shares of our subsidiaries. We would also hold a controlling financial interest in variable interest entities if we are considered to be the primary beneficiary. Investments in companies in which we do not own a majority interest and we have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method. Investments in other companies are carried at cost. All intercompany balances and transactions have been eliminated in consolidation.

Restricted Cash

Restricted Cash, which is included in Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheets, primarily represents amounts required to be set aside in connection with accounts receivable factoring programs and funds obtained under certain Chinese credit facilities for plant expansion in China.  The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables or when funds are used for plant expansion expenditures, respectively.

Restricted Cash

Reclassifications and Adjustments

Reclassifications and Adjustments

Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation.

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Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows:

(In millions)	September 30,
	2017		2016
Cash and Cash Equivalents	$	822	$	975
Restricted Cash	46		25
Total Cash, Cash Equivalents and Restricted Cash	$	868	$	1,000

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows:

(In millions)	September 30,
	2017		2016
Cash and Cash Equivalents	$	822	$	975
Restricted Cash	46		25
Total Cash, Cash Equivalents and Restricted Cash	$	868	$	1,000

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Costs Associated with Rationalization Programs (Tables)

9 Months Ended

Sep. 30, 2017

Restructuring and Related Activities [Abstract]

Roll-Forward of the Rationalization Liability Between Periods

The following table shows the roll-forward of our liability between periods:

				Other Exit and
(In millions)	Associate-			Non-cancelable
	Related Costs			Lease Costs			Total
Balance at December 31, 2016	$	214		$	5		$	219
2017 Charges (1)	70			25			95
Incurred, including net Foreign Currency Translation of $23 million and $0 million, respectively	(47		)	(26		)	(73		)
Reversed to the Statements of Operations	(7		)	—			(7		)
Balance at September 30, 2017	$	230		$	4		$	234

(1) Charges of $95 million exclude $14 million of benefit plan curtailments and settlements recorded in Rationalizations in the Statement of Operations.

Net Rationalization Charges Included in Income Before Income Taxes

The following table shows net rationalization charges included in Income before Income Taxes:

	Three Months Ended					Nine Months Ended
(In millions)	September 30,					September 30,
	2017			2016		2017		2016
Current Year Plans
Associate Severance and Other Related Costs	$	26		$	128	$	51	$	171
Other Exit and Non-Cancelable Lease Costs	—			—		1		—
Current Year Plans - Net Charges	$	26		$	128	$	52	$	171
Prior Year Plans
Associate Severance and Other Related Costs	$	(5	)	$	—	$	12	$	10
Benefit Plan Curtailments and Settlements	13			1		14		—
Other Exit and Non-Cancelable Lease Costs	12			6		24		13
Prior Year Plans - Net Charges	20			7		50		23
Total Net Charges	$	46		$	135	$	102	$	194
Asset Write-off and Accelerated Depreciation Charges	$	10		$	3	$	39	$	10

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Other (Income) Expense (Tables)

9 Months Ended

Sep. 30, 2017

Other Income and Expenses [Abstract]

Schedule of Other (Income) Expense

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Financing fees and financial instruments	$	8		$	7		$	48		$	75
Royalty income	(10		)	(4		)	(26		)	(18		)
Net (gains) losses on asset sales	(1		)	(27		)	(14		)	(28		)
Interest income	(3		)	(4		)	(10		)	(12		)
Net foreign currency exchange (gains) losses	(1		)	(1		)	(4		)	(4		)
General and product liability expense (income) - discontinued products	(3		)	2			—			(14		)
Miscellaneous expense	14			4			15			4
	$	4		$	(23	)	$	9		$	3

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

Basic and diluted earnings per common share are calculated as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions, except per share amounts)	2017		2016		2017		2016
Earnings per share — basic:
Goodyear net income	$	129	$	317	$	442	$	703
Weighted average shares outstanding	250		262		251		264
Earnings per common share — basic	$	0.52	$	1.21	$	1.76	$	2.66
Earnings per share — diluted:
Goodyear net income	$	129	$	317	$	442	$	703
Weighted average shares outstanding	250		262		251		264
Dilutive effect of stock options and other dilutive securities	4		4		4		4
Weighted average shares outstanding — diluted	254		266		255		268
Earnings per common share — diluted	$	0.50	$	1.19	$	1.73	$	2.62

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Business Segments (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2017		2016			2017		2016
Sales:
Americas	$	2,041	$	2,070		$	6,028	$	6,111
Europe, Middle East and Africa	1,311		1,236			3,664		3,748
Asia Pacific	569		541			1,614		1,558
Net Sales	$	3,921	$	3,847		$	11,306	$	11,417
Segment Operating Income:
Americas	$	189	$	305		$	616	$	856
Europe, Middle East and Africa	87		152			262		380
Asia Pacific	81		99			225		270
Total Segment Operating Income	$	357	$	556		$	1,103	$	1,506
Less:
Rationalizations	$	46	$	135		$	102	$	194
Interest expense	84		90			260		285
Other (income) expense (Note 3)	4		(23		)	9		3
Asset write-offs and accelerated depreciation	10		3			39		10
Corporate incentive compensation plans	—		20			27		60
Pension curtailments/settlements	13		—			13		14
Intercompany profit elimination	21		2			16		7
Retained expenses of divested operations	3		2			9		12
Other	14		17			37		43
Income before Income Taxes	$	162	$	310		$	591	$	878

Charges and Credits Attributable to the SBUs

Rationalizations, as described in Note to the Consolidated Financial Statements No. 2, Costs Associated with Rationalization Programs, Net (gains) losses on asset sales and Asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Rationalizations:
Americas	$	4		$	6		$	6		$	10
Europe, Middle East and Africa	25			126			78			179
Asia Pacific	1			—			2			1
Total Segment Rationalizations	$	30		$	132		$	86		$	190
Corporate	16			3			16			4
Total Rationalizations	$	46		$	135		$	102		$	194
Net (Gains) Losses on Asset Sales:
Americas	$	(1	)	$	—		$	(4	)	$	—
Europe, Middle East and Africa	—			(18		)	(10		)	(18		)
Asia Pacific	—			—			—			(1		)
Total Segment Asset Sales	$	(1	)	$	(18	)	$	(14	)	$	(19	)
Corporate	—			(9		)	—			(9		)
Total Net (Gains) Losses on Asset Sales	$	(1	)	$	(27	)	$	(14	)	$	(28	)

Asset Write-offs and Accelerated Depreciation:
Americas	$	—	$	1	$	—	$	1
Europe, Middle East and Africa	10		2		39		9
Total Segment Asset Write-offs and Accelerated Depreciation	$	10	$	3	$	39	$	10

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Financing Arrangements and Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Financing Arrangements and Derivative Financial Instruments [Abstract]

Notes Payable and Overdrafts, Long Term Debt and Capital Leases Due Within One Year

The following table presents amounts due within one year:

	September 30,			December 31,
(In millions)	2017			2016
Notes payable and overdrafts	$	276		$	245
Weighted average interest rate	5.98		%	6.18		%
Chinese credit facilities	$	125		$	146
Other domestic and foreign debt (including capital leases)	253			290
Long term debt and capital leases due within one year	$	378		$	436
Weighted average interest rate	6.98		%	9.39		%
Total obligations due within one year	$	654		$	681

Long Term Debt and Capital Leases, Net

The following table presents long term debt and capital leases, net of unamortized discounts, and interest rates:

	September 30, 2017					December 31, 2016
				Interest					Interest
(In millions)	Amount			Rate		Amount			Rate
Notes:
8.75% due 2020	$	275				$	273
7% due 2022	—					700
5.125% due 2023	1,000					1,000
3.75% Euro Notes due 2023	296					264
5% due 2026	900					900
4.875% due 2027	700					—
7% due 2028	150					150
Credit Facilities:
$2.0 billion first lien revolving credit facility due 2021	375			2.45	%	85			1.98	%
Second lien term loan facility due 2019	399			3.24	%	399			3.75	%
€550 million revolving credit facility due 2020	390			1.75	%	—			—
Pan-European accounts receivable facility	241			0.89	%	198			0.98	%
Chinese credit facilities	247			4.81	%	315			4.68	%
Other foreign and domestic debt(1)	1,145			6.08	%	951			9.14	%
	6,118					5,235
Unamortized deferred financing fees	(43		)			(42		)
	6,075					5,193
Capital lease obligations	40					41
	6,115					5,234
Less portion due within one year	(378		)			(436		)
	$	5,737				$	4,798

(1) Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions and domestic debt related to our Global and Americas Headquarters.

Fair Values for Foreign Currency Contracts Not Designated as Hedging Instruments

The following table presents the fair values for foreign currency contracts not designated as hedging instruments:

	September 30,			December 31,
(In millions)	2017			2016
Fair Values — Current asset (liability):
Accounts receivable	$	6		$	30
Other current liabilities	(8		)	(18		)

Fair Values for Foreign Currency Contracts Designated as Cash Flow Hedging Instruments

The following table presents fair values for foreign currency contracts designated as cash flow hedging instruments:

	September 30,			December 31,
(In millions)	2017			2016
Fair Values — Current asset (liability):
Accounts receivable	$	—		$	9
Other current liabilities	(10		)	—
Fair Values — Long term asset (liability):
Other assets	$	—		$	2
Other long term liabilities	(2		)	—

Information Related to Foreign Currency Contracts Designated as Cash Flow Hedging Instruments

The following table presents information related to foreign currency contracts designated as cash flow hedging instruments (before tax and minority):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions) (Income) Expense	2017			2016			2017			2016
Amounts deferred to Accumulated Other Comprehensive Loss ("AOCL")	$	7		$	1		$	28		$	1
Amount of deferred (gain) loss reclassified from AOCL into CGS	1			—			(3		)	(6		)
Amounts excluded from effectiveness testing	(1		)	(1		)	(2		)	(1		)

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Information About Assets and Liabilities Recorded at Fair Value

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at September 30, 2017 and December 31, 2016:

	Total Carrying Value in the Consolidated Balance Sheet				Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In millions)	2017		2016		2017		2016		2017		2016		2017		2016
Assets:
Investments	$	10	$	9	$	10	$	9	$	—	$	—	$	—	$	—
Foreign Exchange Contracts	6		41		—		—		6		41		—		—
Total Assets at Fair Value	$	16	$	50	$	10	$	9	$	6	$	41	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	20	$	18	$	—	$	—	$	20	$	18	$	—	$	—
Total Liabilities at Fair Value	$	20	$	18	$	—	$	—	$	20	$	18	$	—	$	—

Supplemental Fair Value Information About Debt, Excluding Capital Leases

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding capital leases, at September 30, 2017 and December 31, 2016.

	September 30,		December 31,
(In millions)	2017		2016
Fixed Rate Debt:
Carrying amount — liability	$	3,580	$	3,514
Fair value — liability	3,779		3,669
Variable Rate Debt:
Carrying amount — liability	$	2,495	$	1,679
Fair value — liability	2,477		1,678

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Pension Savings And Other Postretirement Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2017

Retirement Benefits [Abstract]

Defined Benefit Pension Cost

Defined benefit pension cost follows:

	U.S.						U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Service cost	$	1		$	1		$	3		$	3
Interest cost	39			41			120			123
Expected return on plan assets	(60		)	(64		)	(181		)	(191		)
Amortization of net losses	27			28			83			82
Net periodic pension cost	7			6			25			17
Net curtailments and settlements	24			—			25			—
Total defined benefit pension cost	$	31		$	6		$	50		$	17

	Non-U.S.						Non-U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2017			2016			2017			2016
Service cost	$	8		$	7		$	23		$	22
Interest cost	18			20			53			61
Expected return on plan assets	(20		)	(21		)	(59		)	(67		)
Amortization of net losses	8			7			24			21
Net periodic pension cost	14			13			41			37
Net curtailments and settlements	2			—			2			13
Total defined benefit pension cost	$	16		$	13		$	43		$	50

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Commitments and Contingent Liabilities (Tables)

9 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Summary of Asbestos Claims Activity

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.

	Nine Months Ended			Year Ended
(Dollars in millions)	September 30, 2017			December 31, 2016
Pending claims, beginning of period	64,400			67,400
New claims filed	1,500			1,900
Claims settled/dismissed	(4,700		)	(4,900		)
Pending claims, end of period	61,200			64,400
Payments (1)	$	6		$	20

(1) Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

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Changes in Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Changes In Shareholders' Equity

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

	September 30, 2017									September 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	442			13			455			703			14			717
Foreign currency translation, net of tax of $44 in 2017 ($17 in 2016)	155			14			169			(7		)	2			(5		)
Amortization of prior service cost and unrecognized gains included in total benefit cost, net of tax of $31 in 2017 ($24 in 2016)	57			—			57			49			—			49
(Increase)/Decrease in net actuarial losses, net of tax of ($15) in 2017 ($0 in 2016)	(23		)	—			(23		)	2			—			2
Immediate recognition of prior service cost and unrecognized gains due to curtailments, settlements, and divestitures, net of tax of $9 in 2017 ($0 in 2016)	15			—			15			15			—			15
Deferred derivative losses, net of tax of ($9) in 2017 ($0 in 2016)	(19		)	—			(19		)	(1		)	—			(1		)
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2017 (($1) in 2016)	(2		)	—			(2		)	(5		)	—			(5		)
Other comprehensive income	183			14			197			53			2			55
Total comprehensive income	625			27			652			756			16			772
Adoption of new accounting standard	—			—			—			56			—			56
Dividends declared to minority shareholders	—			(6		)	(6		)	—			(11		)	(11		)
Stock-based compensation plans (Note 10)	17			—			17			18			—			18
Repurchase of common stock (Note 12)	(205		)	—			(205		)	(200		)	—			(200		)
Dividends declared (Note 12)	(75		)	—			(75		)	(82		)	—			(82		)
Common stock issued from treasury	13			—			13			9			—			9
Balance at end of period	$	4,882		$	239		$	5,121		$	4,477		$	227		$	4,704

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Reclassifications out of Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2017

Reclassifications out of Accumulated Other Comprehensive Loss [Abstract]

Changes in Accumulated Other Comprehensive Loss

The following table presents changes in Accumulated Other Comprehensive Loss (AOCL), by component, for the nine months ended September 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	155			(23		)	(19		)	113
Amounts reclassified from accumulated other comprehensive loss	—			72			(2		)	70
Balance at September 30, 2017	$	(1,000	)	$	(3,004	)	$	(11	)	$	(4,015	)
	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	(7		)	2			(1		)	(6		)
Amounts reclassified from accumulated other comprehensive loss	—			64			(5		)	59
Balance at September 30, 2016	$	(953	)	$	(3,005	)	$	1		$	(3,957	)

Reclassifications out of Accumulated Other Comprehensive Loss

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

	Three Months Ended September 30,						Nine Months Ended September 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	$	28		$	25		$	88		$	73		Total Benefit Cost
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	24			—			24			15			Total Benefit Cost
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	$	52		$	25		$	112		$	88
Tax effect	(19		)	(8		)	(40		)	(24		)	United States and Foreign Taxes
Net of tax	$	33		$	17		$	72		$	64		Goodyear Net Income
Deferred Derivative (Gains) Losses, before tax	$	1		$	—		$	(3	)	$	(6	)	Cost of Goods Sold
Tax effect	—			—			1			1			United States and Foreign Taxes
Net of tax	$	1		$	—		$	(2	)	$	(5	)	Goodyear Net Income
Total reclassifications	$	34		$	17		$	70		$	59		Goodyear Net Income

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Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

	Condensed Consolidating Balance Sheet
	September 30, 2017
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	59	$	36	$	727	$	—		$	822
Accounts Receivable, net	660		153		1,859		—			2,672
Accounts Receivable From Affiliates	—		144		260		(404		)	—
Inventories	1,582		52		1,401		(44		)	2,991
Prepaid Expenses and Other Current Assets	73		2		165		2			242
Total Current Assets	2,374		387		4,412		(446		)	6,727
Goodwill	24		1		435		127			587
Intangible Assets	117		—		20		—			137
Deferred Income Taxes	1,883		39		434		—			2,356
Other Assets	215		53		443		3			714
Investments in Subsidiaries	4,689		592		—		(5,281		)	—
Property, Plant and Equipment, net	2,469		403		4,486		(27		)	7,331
Total Assets	$	11,771	$	1,475	$	10,230	$	(5,624	)	$	17,852
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	822	$	104	$	1,698	$	—		$	2,624
Accounts Payable to Affiliates	404		—		—		(404		)	—
Compensation and Benefits	306		16		260		—			582
Other Current Liabilities	342		9		711		—			1,062
Notes Payable and Overdrafts	30		—		246		—			276
Long Term Debt and Capital Leases Due Within One Year	4		—		374		—			378
Total Current Liabilities	1,908		129		3,289		(404		)	4,922
Long Term Debt and Capital Leases	3,974		52		1,711		—			5,737
Compensation and Benefits	620		104		735		—			1,459
Deferred Income Taxes	—		1		90		—			91
Other Long Term Liabilities	387		11		124		—			522
Total Liabilities	6,889		297		5,949		(404		)	12,731
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	246		—		—		—			246
Other Equity	4,636		1,178		4,042		(5,220		)	4,636
Goodyear Shareholders’ Equity	4,882		1,178		4,042		(5,220		)	4,882
Minority Shareholders’ Equity — Nonredeemable	—		—		239		—			239
Total Shareholders’ Equity	4,882		1,178		4,281		(5,220		)	5,121
Total Liabilities and Shareholders’ Equity	$	11,771	$	1,475	$	10,230	$	(5,624	)	$	17,852

	Condensed Consolidating Balance Sheet
	December 31, 2016
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	188	$	55	$	889	$	—		$	1,132
Accounts Receivable, net	589		106		1,074		—			1,769
Accounts Receivable From Affiliates	—		277		270		(547		)	—
Inventories	1,443		25		1,178		(19		)	2,627
Prepaid Expenses and Other Current Assets	57		3		130		—			190
Total Current Assets	2,277		466		3,541		(566		)	5,718
Goodwill	24		—		391		120			535
Intangible Assets	118		—		18		—			136
Deferred Income Taxes	2,010		31		373		—			2,414
Other Assets	223		53		387		5			668
Investments in Subsidiaries	4,344		541		—		(4,885		)	—
Property, Plant and Equipment, net	2,481		308		4,279		(28		)	7,040
Total Assets	$	11,477	$	1,399	$	8,989	$	(5,354	)	$	16,511
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	905	$	142	$	1,542	$	—		$	2,589
Accounts Payable to Affiliates	547		—		—		(547		)	—
Compensation and Benefits	365		15		204		—			584
Other Current Liabilities	355		—		611		(3		)	963
Notes Payable and Overdrafts	—		—		245		—			245
Long Term Debt and Capital Leases Due Within One Year	6		—		430		—			436
Total Current Liabilities	2,178		157		3,032		(550		)	4,817
Long Term Debt and Capital Leases	3,685		—		1,113		—			4,798
Compensation and Benefits	682		98		680		—			1,460
Deferred Income Taxes	—		1		84		—			85
Other Long Term Liabilities	425		12		188		1			626
Total Liabilities	6,970		268		5,097		(549		)	11,786
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	252		—		—		—			252
Other Equity	4,255		1,131		3,674		(4,805		)	4,255
Goodyear Shareholders’ Equity	4,507		1,131		3,674		(4,805		)	4,507
Minority Shareholders’ Equity — Nonredeemable	—		—		218		—			218
Total Shareholders’ Equity	4,507		1,131		3,892		(4,805		)	4,725
Total Liabilities and Shareholders’ Equity	$	11,477	$	1,399	$	8,989	$	(5,354	)	$	16,511

Consolidating Statements of Operations

	Consolidating Statements of Operations
	Three Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net Sales	$	1,790		$	294		$	2,448	$	(611	)	$	3,921
Cost of Goods Sold	1,402			264			2,024		(621		)	3,069
Selling, Administrative and General Expense	233			10			313		—			556
Rationalizations	20			—			26		—			46
Interest Expense	62			2			34		(14		)	84
Other (Income) Expense	(54		)	(9		)	4		63			4
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	127			27			47		(39		)	162
United States and Foreign Taxes	9			6			12		3			30
Equity in Earnings of Subsidiaries	11			(3		)	—		(8		)	—
Net Income (Loss)	129			18			35		(50		)	132
Less: Minority Shareholders’ Net Income	—			—			3		—			3
Goodyear Net Income (Loss)	$	129		$	18		$	32	$	(50	)	$	129
Comprehensive Income (Loss)	$	166		$	16		$	86	$	(98	)	$	170
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			4		—			4
Goodyear Comprehensive Income (Loss)	$	166		$	16		$	82	$	(98	)	$	166

	Consolidating Statements of Operations
	Three Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	1,888		$	323	$	2,319		$	(683	)	$	3,847
Cost of Goods Sold	1,394			298		1,737			(693		)	2,736
Selling, Administrative and General Expense	268			9		322			—			599
Rationalizations	7			—		128			—			135
Interest Expense	64			2		24			—			90
Other (Income) Expense	(24		)	—		(7		)	8			(23		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	179			14		115			2			310
United States and Foreign Taxes	(55		)	3		41			1			(10		)
Equity in Earnings of Subsidiaries	83			10		—			(93		)	—
Net Income (Loss)	317			21		74			(92		)	320
Less: Minority Shareholders’ Net Income	—			—		3			—			3
Goodyear Net Income (Loss)	$	317		$	21	$	71		$	(92	)	$	317
Comprehensive Income (Loss)	$	322		$	21	$	70		$	(88	)	$	325
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—		3			—			3
Goodyear Comprehensive Income (Loss)	$	322		$	21	$	67		$	(88	)	$	322

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	5,420		$	883		$	7,066		$	(2,063	)	$	11,306
Cost of Goods Sold	4,244			824			5,662			(2,104		)	8,626
Selling, Administrative and General Expense	740			29			949			—			1,718
Rationalizations	22			—			80			—			102
Interest Expense	196			6			96			(38		)	260
Other (Income) Expense	(73		)	(8		)	(19		)	109			9
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	291			32			298			(30		)	591
United States and Foreign Taxes	69			6			61			—			136
Equity in Earnings of Subsidiaries	220			28			—			(248		)	—
Net Income (Loss)	442			54			237			(278		)	455
Less: Minority Shareholders’ Net Income	—			—			13			—			13
Goodyear Net Income (Loss)	$	442		$	54		$	224		$	(278	)	$	442
Comprehensive Income (Loss)	$	625		$	57		$	426		$	(456	)	$	652
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			27			—			27
Goodyear Comprehensive Income (Loss)	$	625		$	57		$	399		$	(456	)	$	625

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	5,564		$	988	$	6,922		$	(2,057	)	$	11,417
Cost of Goods Sold	4,131			922		5,311			(2,114		)	8,250
Selling, Administrative and General Expense	799			30		979			(1		)	1,807
Rationalizations	12			—		182			—			194
Interest Expense	210			9		77			(11		)	285
Other (Income) Expense	(29		)	1		(17		)	48			3
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	441			26		390			21			878
United States and Foreign Taxes	50			2		104			5			161
Equity in Earnings of Subsidiaries	312			31		—			(343		)	—
Net Income (Loss)	703			55		286			(327		)	717
Less: Minority Shareholders’ Net Income	—			—		14			—			14
Goodyear Net Income (Loss)	$	703		$	55	$	272		$	(327	)	$	703
Comprehensive Income (Loss)	$	756		$	35	$	311		$	(330	)	$	772
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—		16			—			16
Goodyear Comprehensive Income (Loss)	$	756		$	35	$	295		$	(330	)	$	756

Condensed Consolidating Statement of Cash Flows

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	179		$	—		$	(303	)	$	(30	)	$	(154	)
Cash Flows from Investing Activities:
Capital Expenditures	(247		)	(115		)	(323		)	2			(683		)
Asset Dispositions	1			—			8			—			9
Short Term Securities Acquired	—			—			(51		)	—			(51		)
Short Term Securities Redeemed	—			—			51			—			51
Capital Contributions and Loans Incurred	(75		)	—			(41		)	116			—
Capital Redemptions and Loans Paid	21			—			61			(82		)	—
Other Transactions	—			—			(1		)	—			(1		)
Total Cash Flows from Investing Activities	(300		)	(115		)	(296		)	36			(675		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	175			—			369			—			544
Short Term Debt and Overdrafts Paid	(145		)	—			(378		)	—			(523		)
Long Term Debt Incurred	2,597			52			2,323			—			4,972
Long Term Debt Paid	(2,310		)	—			(1,883		)	—			(4,193		)
Common Stock Issued	12			—			—			—			12
Common Stock Repurchased	(205		)	—			—			—			(205		)
Common Stock Dividends Paid	(75		)	—			—			—			(75		)
Capital Contributions and Loans Incurred	41			62			13			(116		)	—
Capital Redemptions and Loans Paid	(61		)	(21		)	—			82			—
Intercompany Dividends Paid	—			—			(28		)	28			—
Transactions with Minority Interests in Subsidiaries	—			—			(6		)	—			(6		)
Debt Related Costs and Other Transactions	(38		)	—			(31		)	—			(69		)
Total Cash Flows from Financing Activities	(9		)	93			379			(6		)	457
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			3			48			—			51
Net Change in Cash, Cash Equivalents and Restricted Cash	(130		)	(19		)	(172		)	—			(321		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	210			55			924			—			1,189
Cash, Cash Equivalents and Restricted Cash at End of the Period	$	80		$	36		$	752		$	—		$	868

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2016
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	31		$	26		$	261		$	(28	)	$	290
Cash Flows from Investing Activities:
Capital Expenditures	(271		)	(69		)	(375		)	4			(711		)
Asset Dispositions	11			—			2			—			13
Short Term Securities Acquired	—			—			(46		)	—			(46		)
Short Term Securities Redeemed	—			—			34			—			34
Capital Contributions and Loans Incurred	(165		)	—			(248		)	413			—
Capital Redemptions and Loans Paid	48			—			148			(196		)	—
Other Transactions	—			—			2			—			2
Total Cash Flows from Investing Activities	(377		)	(69		)	(483		)	221			(708		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	—			—			219			—			219
Short Term Debt and Overdrafts Paid	—			—			(99		)	—			(99		)
Long Term Debt Incurred	2,339			—			1,790			—			4,129
Long Term Debt Paid	(2,034		)	—			(1,991		)	—			(4,025		)
Common Stock Issued	9			—			—			—			9
Common Stock Repurchased	(200		)	—			—			—			(200		)
Common Stock Dividends Paid	(56		)	—			—			—			(56		)
Capital Contributions and Loans Incurred	248			59			106			(413		)	—
Capital Redemptions and Loans Paid	(148		)	(25		)	(23		)	196			—
Intercompany Dividends Paid	—			—			(24		)	24			—
Transactions with Minority Interests in Subsidiaries	—			—			(9		)	—			(9		)
Debt Related Costs and Other Transactions	(66		)	—			(11		)	—			(77		)
Total Cash Flows from Financing Activities	92			34			(42		)	(193		)	(109		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			1			24			—			25
Net Change in Cash, Cash Equivalents and Restricted Cash	(254		)	(8		)	(240		)	—			(502		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	361			67			1,074			—			1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period	$	107		$	59		$	834		$	—		$	1,000

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Accounting Policies - Narrative (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of cash flows from Operating Activities	$ (154)	$ 290
Reclassification of cash flows to Financing Activities	(457)	109
Restricted cash balances	$ 46	25		$ 57
Scenario, Forecast
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Non-service costs			$ 70
Accounting Standards Update 2016-15 | New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of cash flows from Operating Activities		53
Reclassification of cash flows to Financing Activities		$ 53

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Accounting Policies - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 822	$ 1,132	$ 975
Restricted Cash	46	57	25
Total Cash, Cash Equivalents and Restricted Cash	$ 868	$ 1,189	$ 1,000	$ 1,502

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Costs Associated with Rationalization Programs - Roll-Forward of the Rationalization Liability Between Periods (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Restructuring Reserve [Roll Forward]
Beginning balance			$ 219
2017 Charges			95
Incurred, including net Foreign Currency Translation of $23 million and $0 million, respectively			(73)
Reversed to the Statements of Operations	$ (5)		(7)
Ending balance	234		234
Rationalizations	46	$ 135	102	$ 194
Prior Year Plans
Restructuring Reserve [Roll Forward]
Rationalizations	20	7	50	23
Associate-Related Costs
Restructuring Reserve [Roll Forward]
Beginning balance			214
2017 Charges			70
Incurred, including net Foreign Currency Translation of $23 million and $0 million, respectively			(47)
Reversed to the Statements of Operations			(7)
Ending balance	230		230
Foreign currency translation			23
Associate-Related Costs | Prior Year Plans
Restructuring Reserve [Roll Forward]
Rationalizations	(5)	0	12	10
Other Exit and Non-Cancelable Lease Costs
Restructuring Reserve [Roll Forward]
Beginning balance			5
2017 Charges			25
Incurred, including net Foreign Currency Translation of $23 million and $0 million, respectively			(26)
Reversed to the Statements of Operations			0
Ending balance	4		4
Foreign currency translation			0
Other Exit and Non-Cancelable Lease Costs | Prior Year Plans
Restructuring Reserve [Roll Forward]
Rationalizations	$ 12	$ 6	24	$ 13
Benefit Plan Curtailments and Settlements | Prior Year Plans
Restructuring Reserve [Roll Forward]
Rationalizations			$ 14

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Costs Associated with Rationalization Programs - Net Rationalization Charges Included in Income Before Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Restructuring Cost and Reserve [Line Items]
Rationalizations	$ 46	$ 135	$ 102	$ 194
Asset Write-off and Accelerated Depreciation Charges	10	3	39	10
Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations	26	128	52	171
Current Year Plans | Associate Severance and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Rationalizations	26	128	51	171
Current Year Plans | Other Exit and Non-Cancelable Lease Costs
Restructuring Cost and Reserve [Line Items]
Rationalizations	0	0	1	0
Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations	20	7	50	23
Prior Year Plans | Associate Severance and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Rationalizations	(5)	0	12	10
Prior Year Plans | Benefit Plan Curtailments and Settlements
Restructuring Cost and Reserve [Line Items]
Rationalizations	13	1	14	0
Prior Year Plans | Other Exit and Non-Cancelable Lease Costs
Restructuring Cost and Reserve [Line Items]
Rationalizations	$ 12	$ 6	$ 24	$ 13

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Costs Associated with Rationalization Programs - Narrative (Details) $ in Millions	3 Months Ended			9 Months Ended
	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2017 USD ($) employee	Sep. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Rationalizations accrual balance		$ 234		$ 234		$ 219
Rationalization payments				96	$ 68
Rationalizations		46	$ 135	102	194
Rationalization reversals		5		7
Rationalization charges incurred to date						$ 595
Rationalization charges expected to be incurred in future periods		45		$ 45
Expected number of job reductions | employee				750
Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations		26	128	$ 52	171
Expected number of job reductions | employee				400
Number of associates released | employee				100
Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations		20	7	$ 50	23
Number of associates released | employee				1,100
Philippsburg Restructuring
Restructuring Cost and Reserve [Line Items]
Rationalizations accrual balance		118		$ 118
Philippsburg Restructuring | Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations		9		29
SAG Employee Severance
Restructuring Cost and Reserve [Line Items]
Rationalizations accrual balance		36		36
SAG Employee Severance | Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations				20
SAG Employee Severance | Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations		9		9
EMEA Restructuring, Manufacturing Employee Severance
Restructuring Cost and Reserve [Line Items]
Rationalizations accrual balance		30		30
EMEA Restructuring, Manufacturing Employee Severance | Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations				9
EMEA Restructuring, SAG Employee Severance
Restructuring Cost and Reserve [Line Items]
Rationalizations accrual balance		17		17
Global Reduction in Force | Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations		$ 25		25
Supply Chain Restructuring | Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations				$ 7
Amiens Restructuring | Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations			$ 2		$ 11
Amiens Labor Claims | Amiens Restructuring
Restructuring Cost and Reserve [Line Items]
Loss contingency, number of plaintiffs | employee				850
Scenario, Forecast | Philippsburg Restructuring
Restructuring Cost and Reserve [Line Items]
Rationalization payments	$ 65

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Other (Income) Expense - Schedule of Other Income and Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Income and Expenses [Abstract]
Financing fees and financial instruments	$ 8	$ 7	$ 48	$ 75
Royalty income	(10)	(4)	(26)	(18)
Net (gains) losses on asset sales	(1)	(27)	(14)	(28)
Interest income	(3)	(4)	(10)	(12)
Net foreign currency exchange (gains) losses	(1)	(1)	(4)	(4)
General and product liability expense (income) - discontinued products	(3)	2	0	(14)
Miscellaneous expense	14	4	15	4
Other (income) expense	$ 4	$ (23)	$ 9	$ 3

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Other (Income) Expense - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)	May 31, 2017 USD ($)	Dec. 31, 2016	Jun. 30, 2016 USD ($)	Jan. 31, 2016 EUR (€)
Other (Income) Expense [Line Items]
Redemption premium			$ 25,000,000	$ 53,000,000
Insurance recoveries	$ 5,000,000		5,000,000	4,000,000
Benefit from change in probable insurance recovery assumptions				10,000,000
Insurance deductible	$ 12,000,000		12,000,000
Discontinued Operations, Disposed of by Sale | Supply Chain Logistics Company
Other (Income) Expense [Line Items]
Gain on sale of interest in company		$ 9,000,000		9,000,000
Luxembourg Plant Site
Other (Income) Expense [Line Items]
Gain on sale of assets		$ 16,000,000	$ 6,000,000	$ 16,000,000
Senior Notes | 7% due 2022
Other (Income) Expense [Line Items]
Debt instrument, face amount					$ 700,000,000
Interest rate, stated percentage					7.00%	7.00%
Senior Notes | 6.5% due 2021
Other (Income) Expense [Line Items]
Debt instrument, face amount							$ 900,000,000
Interest rate, stated percentage							6.50%
Euro Notes | 6.75% due 2019
Other (Income) Expense [Line Items]
Debt instrument, face amount | €								€ 250,000,000
Interest rate, stated percentage								6.75%

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jan. 01, 2017
Income Tax Disclosure [Abstract]
Tax expense	$ 30	$ (10)	$ 136	$ 161
Income before income taxes	162	310	591	878
Favorable impact on income tax expense, discrete tax adjustments	$ 12	$ 118	$ 23	$ 127
Unrecognized tax benefits					$ 63
Favorable impact on income tax expense, if unrecognized tax benefits were recognized					47
Accrued interest					4
Unrecognized tax benefits requiring the use of cash if not favorably settled					$ 12

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Earnings Per Share - Basic and Diluted Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings per share — basic:
Goodyear net income	$ 129	$ 317	$ 442	$ 703
Weighted average shares outstanding (shares)	250	262	251	264
Earnings per common share — basic (dollars per share)	$ 0.52	$ 1.21	$ 1.76	$ 2.66
Earnings per share — diluted:
Goodyear net income	$ 129	$ 317	$ 442	$ 703
Weighted average shares outstanding (shares)	250	262	251	264
Dilutive effect of stock options and other dilutive securities (shares)	4	4	4	4
Weighted average shares outstanding — diluted (shares)	254	266	255	268
Earnings per common share — diluted (dollars per share)	$ 0.50	$ 1.19	$ 1.73	$ 2.62

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Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Underwater Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Equivalent shares excluded from weighted average shares outstanding (shares)	1,000,000	0	1,000,000	1,000,000

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Business Segments - Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Business Segment Reporting Information
Net Sales	$ 3,921	$ 3,847	$ 11,306	$ 11,417
Rationalizations	46	135	102	194
Interest expense	84	90	260	285
Other (income) expense	4	(23)	9	3
Asset write-offs and accelerated depreciation	10	3	39	10
Income before Income Taxes	162	310	591	878
Operating Segments
Business Segment Reporting Information
Rationalizations	30	132	86	190
Income before Income Taxes	357	556	1,103	1,506
Segment Reconciling Items
Business Segment Reporting Information
Rationalizations	46	135	102	194
Interest expense	84	90	260	285
Other (income) expense	4	(23)	9	3
Asset write-offs and accelerated depreciation	10	3	39	10
Corporate incentive compensation plans	0	20	27	60
Pension curtailments/settlements	13	0	13	14
Intercompany profit elimination	21	2	16	7
Retained expenses of divested operations	3	2	9	12
Other
Business Segment Reporting Information
Other	14	17	37	43
Americas
Business Segment Reporting Information
Net Sales	2,041	2,070	6,028	6,111
Asset write-offs and accelerated depreciation	0	1	0	1
Americas | Operating Segments
Business Segment Reporting Information
Rationalizations	4	6	6	10
Income before Income Taxes	189	305	616	856
Europe, Middle East and Africa
Business Segment Reporting Information
Net Sales	1,311	1,236	3,664	3,748
Asset write-offs and accelerated depreciation	10	2	39	9
Europe, Middle East and Africa | Operating Segments
Business Segment Reporting Information
Rationalizations	25	126	78	179
Income before Income Taxes	87	152	262	380
Asia Pacific
Business Segment Reporting Information
Net Sales	569	541	1,614	1,558
Asia Pacific | Operating Segments
Business Segment Reporting Information
Rationalizations	1	0	2	1
Income before Income Taxes	$ 81	$ 99	$ 225	$ 270

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Business Segments - Charges and Credits Attributable to the SBUs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Rationalizations	$ 46	$ 135	$ 102	$ 194
Net (gains) losses on asset sales	(1)	(27)	(14)	(28)
Asset write-offs and accelerated depreciation	10	3	39	10
Americas
Segment Reporting Information [Line Items]
Asset write-offs and accelerated depreciation	0	1	0	1
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Asset write-offs and accelerated depreciation	10	2	39	9
Operating Segments
Segment Reporting Information [Line Items]
Rationalizations	30	132	86	190
Net (gains) losses on asset sales	(1)	(18)	(14)	(19)
Operating Segments | Americas
Segment Reporting Information [Line Items]
Rationalizations	4	6	6	10
Net (gains) losses on asset sales	(1)	0	(4)	0
Operating Segments | Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Rationalizations	25	126	78	179
Net (gains) losses on asset sales	0	(18)	(10)	(18)
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Rationalizations	1	0	2	1
Net (gains) losses on asset sales	0	0	0	(1)
Corporate
Segment Reporting Information [Line Items]
Rationalizations	16	3	16	4
Net (gains) losses on asset sales	$ 0	$ (9)	$ 0	$ (9)

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Financing Arrangements and Derivative Financial Instruments - Narrative (Details) $ in Millions	Sep. 30, 2017 USD ($)
Debt Instrument [Line Items]
Credit arrangements	$ 8,851
Credit arrangements, unused amount	$ 2,420
Debt, percentage bearing variable interest rate	41.00%
Long-term Debt
Debt Instrument [Line Items]
Credit arrangements	$ 8,224
Credit arrangements, unused amount	2,069
Short-term Debt
Debt Instrument [Line Items]
Credit arrangements	627
Credit arrangements, unused amount	$ 351
Variable Rate Credit Arrangements
Debt Instrument [Line Items]
Interest rate	4.08%

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Financing Arrangements and Derivative Financial Instruments - Notes Payable and Overdrafts, Long Term Debt and Capital Leases Due Within One Year (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Notes payable and overdrafts, long term debt and capital leases due within one year
Notes payable and overdrafts	$ 276	$ 245
Long term debt and capital leases due within one year
Long term debt and capital leases due within one year	378	436
Total obligations due within one year	$ 654	$ 681
Notes payable and overdrafts
Notes payable and overdrafts, long term debt and capital leases due within one year
Weighted average interest rate	5.98%	6.18%
Long term debt and capital leases due within one year
Long term debt and capital leases due within one year
Weighted average interest rate	6.98%	9.39%
Other Domestic and Foreign Debt
Long term debt and capital leases due within one year
Long term debt and capital leases due within one year	$ 253	$ 290
Weighted average interest rate	6.08%	9.14%
Foreign Line of Credit | Line of Credit | Chinese Credit Facilities
Long term debt and capital leases due within one year
Long term debt and capital leases due within one year	$ 125	$ 146
Weighted average interest rate	4.81%	4.68%

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Financing Arrangements and Derivative Financial Instruments - Long Term Debt and Capital Leases and Financing Arrangements (Details)	Sep. 30, 2017 EUR (€)	Sep. 30, 2017 USD ($)	May 31, 2017	Mar. 31, 2017	Dec. 31, 2016 USD ($)
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 6,118,000,000			$ 5,235,000,000
Unamortized deferred financing fees		(43,000,000)			(42,000,000)
Total long term debt excluding capital leases		6,075,000,000			5,193,000,000
Capital lease obligations		40,000,000			41,000,000
Long-term debt and capital lease obligations, including current maturities		6,115,000,000			5,234,000,000
Less portion due within one year		(378,000,000)			(436,000,000)
Long-term debt and capital lease obligations, excluding current maturities		5,737,000,000			4,798,000,000
Senior Notes | 8.75% due 2020
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 275,000,000			273,000,000
Interest rate, stated percentage	8.75%	8.75%
Senior Notes | 7% due 2022
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 0			$ 700,000,000
Interest rate, stated percentage			7.00%		7.00%
Senior Notes | 5.125% due 2023
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 1,000,000,000			$ 1,000,000,000
Interest rate, stated percentage	5.125%	5.125%
Senior Notes | 5% due 2026
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 900,000,000			900,000,000
Interest rate, stated percentage	5.00%	5.00%
Senior Notes | 4.875% due 2027
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 700,000,000			0
Interest rate, stated percentage	4.875%	4.875%		4.875%
Senior Notes | 7% due 2028
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 150,000,000			150,000,000
Interest rate, stated percentage	7.00%	7.00%
Euro Notes | 3.75% Euro Notes due 2023
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 296,000,000			264,000,000
Interest rate, stated percentage	3.75%	3.75%
Line of Credit | $2.0 billion first lien revolving credit facility due 2021
Long-term Debt and Capital Lease Obligations [Abstract]
Maximum borrowing capacity		$ 2,000,000,000.0
Line of Credit | Revolving Credit Facility | $2.0 billion first lien revolving credit facility due 2021
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 375,000,000			$ 85,000,000
Interest rate	2.45%	2.45%			1.98%
Maximum borrowing capacity		$ 2,000,000,000.0
Line of Credit | Revolving Credit Facility | €550 million revolving credit facility due 2020
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 390,000,000			$ 0
Interest rate	1.75%	1.75%			0.00%
Maximum borrowing capacity | €	€ 550,000,000
Line of Credit | Secured Debt | Second lien term loan facility due 2019
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 399,000,000			$ 399,000,000
Interest rate	3.24%	3.24%			3.75%
Line of Credit | Secured Debt | Pan-European accounts receivable facility
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 241,000,000			$ 198,000,000
Interest rate	0.89%	0.89%			0.98%
Line of Credit | Foreign Line of Credit | Chinese credit facilities
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 247,000,000			$ 315,000,000
Less portion due within one year		$ (125,000,000)			$ (146,000,000)
Interest rate	4.81%	4.81%			4.68%
Other Foreign and Domestic Debt
Long-term Debt and Capital Lease Obligations [Abstract]
Long-term debt, before deferred financing fees		$ 1,145,000,000			$ 951,000,000
Less portion due within one year		$ (253,000,000)			$ (290,000,000)
Interest rate	6.08%	6.08%			9.14%

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Financing Arrangements and Derivative Financial Instruments - Notes (Details) - Senior Notes - USD ($)	1 Months Ended
	May 31, 2017	Mar. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
4.875% due 2027
Debt Instrument [Line Items]
Debt instrument, face amount		$ 700,000,000	$ 700,000,000
Interest rate, stated percentage		4.875%	4.875%
Notes sold as a percentage of principal amount		100.00%
7% due 2022
Debt Instrument [Line Items]
Debt instrument, face amount	$ 700,000,000
Interest rate, stated percentage	7.00%			7.00%
Redemption premium	$ 25,000,000
Write-off of deferred financing fees	$ 6,000,000

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Financing Arrangements and Derivative Financial Instruments - $2.0 Billion Amended and Restated First Lien Revolving Credit Facility due 2021 (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Long-term debt, before deferred financing fees	$ 6,118,000,000	$ 5,235,000,000
Line of Credit | $2.0 Billion First Lien Revolving Credit Facility due 2021
Line of Credit Facility [Line Items]
Maximum borrowing capacity	2,000,000,000.0
Additional borrowing capacity which may be requested	250,000,000
Borrowing base amount below stated amount	266,000,000
Line of Credit | $2.0 Billion First Lien Revolving Credit Facility due 2021 | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	800,000,000
Letters of credit outstanding	$ 37,000,000	40,000,000
Line of Credit | $2.0 Billion First Lien Revolving Credit Facility due 2021 | Letter of Credit | LIBOR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Line of Credit | $2.0 Billion First Lien Revolving Credit Facility due 2021 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 2,000,000,000.0
Annual commitment fee on undrawn amounts	0.30%
Maximum borrowing base increase based on value of certain cash	$ 200,000,000
Long-term debt, before deferred financing fees	$ 375,000,000	$ 85,000,000

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Financing Arrangements and Derivative Financial Instruments - Amended and Restated Second Lien Term Loan Facility due 2019 (Details)	1 Months Ended
	Mar. 31, 2017	Sep. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)
Line of Credit Facility [Line Items]
Long-term debt, before deferred financing fees		$ 6,118,000,000	$ 5,235,000,000
Line of Credit | $2.0 billion first lien revolving credit facility due 2021
Line of Credit Facility [Line Items]
Maximum borrowing capacity		2,000,000,000.0
Line of Credit | Secured Debt | Second Lien Term Loan Facility due 2019
Line of Credit Facility [Line Items]
Total leverage ratio required to reduce basis, maximum	1.25
Debt instrument, optional reduction of basis spreads on variable rates	0.25%
Long-term debt, before deferred financing fees		$ 399,000,000	$ 399,000,000
Line of Credit | Secured Debt | Second Lien Term Loan Facility due 2019 | LIBOR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.00%
Debt instrument, basis spread on reference rate	1.00%
Line of Credit | Secured Debt | Second Lien Term Loan Facility due 2019 | Alternative Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Line of Credit | Secured Debt | Second Lien Term Loan Facility due 2019 | Federal Funds Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on reference rate	0.50%

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Financing Arrangements and Derivative Financial Instruments - €550 million Amended and Restated Senior Secured European Revolving Credit Facility due 2020 (Details) - Line of Credit - European Revolving Credit Facility	9 Months Ended
	Sep. 30, 2017 EUR (€)	Sep. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	€ 550,000,000
Annual commitment fee on undrawn amounts	0.30%
Amount outstanding | $			$ 0
Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Revolving Credit Facility | EURIBOR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.75%
German Tranche
Line of Credit Facility [Line Items]
Maximum borrowing capacity	€ 125,000,000
Amount outstanding	125,000,000	$ 148,000,000
All-borrower Tranche
Line of Credit Facility [Line Items]
Maximum borrowing capacity	425,000,000
Amount outstanding	205,000,000	242,000,000
Swingline Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity	150,000,000
Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	€ 50,000,000
Letters of credit outstanding | $		$ 0	$ 0

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Financing Arrangements and Derivative Financial Instruments - Accounts Receivable Securitization Facilities (Details) - Line of Credit - Secured Debt $ in Millions	Oct. 16, 2017 EUR (€)	Oct. 15, 2017 EUR (€)	Sep. 30, 2017 EUR (€)	Sep. 30, 2017 USD ($)	Sep. 30, 2017 AUD	Dec. 31, 2016 EUR (€)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 AUD
Pan-European Accounts Receivable Facility
Line of Credit Facility [Line Items]
Current borrowing capacity			€ 204,000,000	$ 241		€ 188,000,000	$ 198
Australia Accounts Receivable Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | AUD					AUD 60,000,000
Current borrowing capacity				31	39,000,000		28	AUD 39,000,000
Amount outstanding				$ 29	37,000,000		$ 12	AUD 16,000,000
Minimum | Pan-European Accounts Receivable Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | €			45,000,000
Minimum | Australia Accounts Receivable Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | AUD					60,000,000
Maximum | Pan-European Accounts Receivable Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | €			€ 450,000,000
Maximum | Australia Accounts Receivable Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | AUD					AUD 85,000,000
Subsequent Event | Pan-European Accounts Receivable Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity | €	€ 275,000,000	€ 320,000,000

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Financing Arrangements and Derivative Financial Instruments - Accounts Receivable Factoring Facilities (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Accounts Receivable Factoring Facilities | Secured Debt
Line of Credit Facility [Line Items]
Off-balance sheet receivables sold	$ 495	$ 502

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Financing Arrangements and Derivative Financial Instruments - Other Foreign Credit Facilities (Details) - Chinese Credit Facilities - Secured Debt - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Unused availability	$ 218
Amount outstanding	247	$ 315
Restricted cash related to funds obtained under credit facilities	$ 14	$ 8

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Financing Arrangements and Derivative Financial Instruments - Fair Values for Foreign Currency Contracts (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures
Foreign currency derivatives, notional amount	$ 1,121		$ 1,121		$ 1,812
Foreign currency derivatives, net transaction gains (losses)	(10)	$ (15)	(55)	$ (33)
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures
Foreign currency derivatives, notional amount	261		261		293
Accounts receivable
Derivative Instruments and Hedging Activities Disclosures
Fair value - asset, not designated as hedging instruments	6		6		30
Fair value - asset, designated as hedging instruments	0		0		9
Other current liabilities
Derivative Instruments and Hedging Activities Disclosures
Fair value - liability, not designated as hedging instruments	(8)		(8)		(18)
Fair value - liability, designated as hedging instruments	(10)		(10)		0
Other assets
Derivative Instruments and Hedging Activities Disclosures
Fair value - asset, designated as hedging instruments	0		0		2
Other long term liabilities
Derivative Instruments and Hedging Activities Disclosures
Fair value - liability, designated as hedging instruments	$ (2)		$ (2)		$ 0

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Financing Arrangements and Derivative Financial Instruments - Classification of Changes in Fair Values of Foreign Currency Contracts (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Financing Arrangements and Derivative Financial Instruments [Abstract]
Amounts deferred to Accumulated Other Comprehensive Loss (AOCL)	$ 7	$ 1	$ 28	$ 1
Amount of deferred (gain) loss reclassified from AOCL into CGS	1	0	(3)	(6)
Amounts excluded from effectiveness testing	$ (1)	$ (1)	(2)	$ (1)
Estimated deferred gains expected to be reclassified to earnings within the next twelve months			$ 14

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Fair Value Measurements - Information about Assets and Liabilities Recorded at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Assets:
Investments	$ 10	$ 9
Foreign Exchange Contracts	6	41
Total Assets at Fair Value	16	50
Liabilities:
Foreign Exchange Contracts	20	18
Total Liabilities at Fair Value	20	18
Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)
Assets:
Investments	10	9
Foreign Exchange Contracts	0	0
Total Assets at Fair Value	10	9
Liabilities:
Foreign Exchange Contracts	0	0
Total Liabilities at Fair Value	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Investments	0	0
Foreign Exchange Contracts	6	41
Total Assets at Fair Value	6	41
Liabilities:
Foreign Exchange Contracts	20	18
Total Liabilities at Fair Value	20	18
Significant Unobservable Inputs (Level 3)
Assets:
Investments	0	0
Foreign Exchange Contracts	0	0
Total Assets at Fair Value	0	0
Liabilities:
Foreign Exchange Contracts	0	0
Total Liabilities at Fair Value	$ 0	$ 0

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Fair Value Measurements - Fair Value of Long-Term Fixed Rate and Variable Rate Debt Excluding Capital Leases (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount — liability	$ 6,075	$ 5,193
Fixed Rate Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount — liability	3,580	3,514
Fair value — liability	3,779	3,669
Variable Rate Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount — liability	2,495	1,679
Fair value — liability	$ 2,477	$ 1,678

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Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long term debt	$ 3,883	$ 3,804

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Pension, Savings and Other Postretirement Benefit Plans - Defined Benefit Pension Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
U.S.
Defined Benefit Plan, Net Periodic Benefit Cost
Service cost	$ 1	$ 1	$ 3	$ 3
Interest cost	39	41	120	123
Expected return on plan assets	(60)	(64)	(181)	(191)
Amortization of net losses	27	28	83	82
Net periodic pension cost	7	6	25	17
Net curtailments and settlements	24	0	25	0
Total defined benefit pension cost	31	6	50	17
Non-U.S.
Defined Benefit Plan, Net Periodic Benefit Cost
Service cost	8	7	23	22
Interest cost	18	20	53	61
Expected return on plan assets	(20)	(21)	(59)	(67)
Amortization of net losses	8	7	24	21
Net periodic pension cost	14	13	41	37
Net curtailments and settlements	2	0	2	13
Total defined benefit pension cost	$ 16	$ 13	$ 43	$ 50

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Pension, Savings and Other Postretirement Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined contribution savings plan, contribution expense recognized	$ 28	$ 30		$ 86	$ 93
Postretirement benefits credit	2	4		5	17
U.S.
Defined Benefit Plan Disclosure [Line Items]
Settlement charge	24
Net curtailments and settlements	24	0		25	0
Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Net curtailments and settlements	2	$ 0		2	$ 13
Contributions to pension plans	14			41
Non-U.S. | Minimum
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to funded pension plans in current year	50			50
Non-U.S. | Maximum
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to funded pension plans in current year	75			75
U.K.
Defined Benefit Plan Disclosure [Line Items]
Settlement charge			$ 14
Settlement of benefit obligation			$ 41
Plans Initiated in Prior Years
Defined Benefit Plan Disclosure [Line Items]
Net curtailments and settlements	$ 13			$ 14

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Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 5	$ 7	$ 17	$ 18
Unearned compensation cost related to the unvested portion of all stock-based awards	$ 29		$ 29
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (shares)			0.7
Weighted average exercise price (dollars per share)			$ 35.26
Weighted average fair value, stock option grants (dollars per share)			$ 12.08
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments granted (shares)			0.1
Weighted average fair value per share granted (dollars per share)			$ 35.05
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments granted (shares)			0.2
Weighted average fair value per share granted (dollars per share)			$ 36.78

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Stock Compensation Plans - Fair Value Assumptions (Details)	9 Months Ended
	Sep. 30, 2017
Black-Scholes Model Fair Value Assumptions
Expected term	7 years 2 months 12 days
Interest rate	2.13%
Volatility	33.63%
Dividend yield	1.13%

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Commitments and Contingent Liabilities - Narrative (Details) € in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2017 EUR (€) employee	Sep. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Loss Contingencies [Line Items]
Environmental matters liability		$ 52	$ 55
Workers' compensation liability		252	248
Off-balance sheet financial guarantees written and other commitments		39	40
Workers' Compensation
Loss Contingencies [Line Items]
Potential workers' compensation liability in excess of recorded amount		30
Amiens Labor Claims
Loss Contingencies [Line Items]
Wrongful termination or other claims against company	€ 119	140
Amiens Labor Claims | Amiens Restructuring
Loss Contingencies [Line Items]
Loss contingency, number of plaintiffs | employee	850
Insurance Claims
Loss Contingencies [Line Items]
Guarantor obligations, maximum exposure		38		$ 46
Other Current Liabilities
Loss Contingencies [Line Items]
Environmental matters liability, current		18	21
Compensation and Benefits
Loss Contingencies [Line Items]
Workers' compensation liability, current		$ 46	$ 48

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Commitments and Contingent Liabilities - Summary of Asbestos Claims Activity (Details) - Asbestos Related Product Liability $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017 USD ($) claim	Dec. 31, 2016 USD ($) claim
Number of claims filed
Pending claims, beginning of period	64,400	67,400
New claims filed	1,500	1,900
Claims settled/dismissed	(4,700)	(4,900)
Pending claims, end of period	61,200	64,400
Payments | $	$ 6	$ 20

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Commitments and Contingent Liabilities - General and Product Liability and Other Litigation (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017 USD ($) claim	Dec. 31, 2016 USD ($)
Loss Contingencies [Line Items]
Asbestos claim related losses, period covered by liability	10 years
General Product Liability
Loss Contingencies [Line Items]
Potential product liability or claim, including related legal fees	$ 333	$ 316
Asbestos Related Product Liability
Loss Contingencies [Line Items]
Potential product liability or claim, including related legal fees	$ 177	171
Number of asbestos claims settled and dismissed, to date | claim	127,400
Sum of accrued asbestos-related liability and gross payments to date, including legal costs	$ 529	517
Loss contingency, related receivable	$ 121	123
Percentage of recoverable asbestos claim losses	70.00%
Loss contingency, related receivable, current	$ 12	12
Aggregate limits of excess insurance policies		430
Other Current Liabilities | General Product Liability
Loss Contingencies [Line Items]
Potential product liability or claim, including related legal fees	59	$ 49
Other assets
Loss Contingencies [Line Items]
Indemnification asset	27
SRI | Accounts Receivable
Loss Contingencies [Line Items]
Indemnification asset	$ 5

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Capital Stock (Details) - USD ($)								3 Months Ended		9 Months Ended		12 Months Ended		48 Months Ended
	Oct. 10, 2017	Sep. 01, 2017	Jul. 12, 2017	Dec. 01, 2016	Sep. 07, 2016	Sep. 01, 2016	Jul. 12, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017	Feb. 02, 2017
Class of Stock [Line Items]
Cash dividends declared (dollars per share)			$ 0.10		$ 0.10		$ 0.07	$ 0.10	$ 0.17	$ 0.30	$ 0.31
Dividends paid (dollars per share)		$ 0.10		$ 0.10		$ 0.07							$ 0.31
Cash dividends paid										$ 75,000,000	$ 56,000,000
Payments for repurchase of stock										205,000,000	200,000,000
Scenario, Forecast
Class of Stock [Line Items]
Dividends paid (dollars per share)												$ 0.44
Common Stock
Class of Stock [Line Items]
Cash dividends paid										$ 75,000,000	$ 56,000,000
Stock repurchase program, authorized amount															$ 2,100,000,000.0
Shares repurchased (shares)								5,592,239		6,435,359				37,649,469
Average price of shares repurchased (dollars per share)								$ 31.29		$ 31.88				$ 29.71
Payments for repurchase of stock								$ 175,000,000		$ 205,000,000				$ 1,118,000,000
Common Stock | Payments for Share Repurchases Related to Employee Stock Based Compensation
Class of Stock [Line Items]
Shares repurchased (shares)										0
Common Stock | Subsequent Event
Class of Stock [Line Items]
Cash dividends declared (dollars per share)	$ 0.14
Cash dividends declared	$ 35,000,000
Increase in cash dividends declared (dollars per share)	$ 0.04

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Changes in Shareholders' Equity - Changes in Shareholders' Equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Increase (Decrease) in Stockholders' Equity
Balance at beginning of period			$ 4,725	$ 4,142
Comprehensive income (loss):
Net income	$ 132	$ 320	455	717
Foreign currency translation, net of tax of $44 in 2017 ($17 in 2016)	35	(12)	169	(5)
Amortization of prior service cost and unrecognized gains included in total benefit cost, net of tax of $31 in 2017 ($24 in 2016)	18	17	57	49
(Increase)/Decrease in net actuarial losses, net of tax of ($15) in 2017 ($0 in 2016)	(26)	1	(23)	2
Immediate recognition of prior service cost and unrecognized gains due to curtailments, settlements, and divestitures, net of tax of $9 in 2017 ($0 in 2016)	15	0	15	15
Deferred derivative losses, net of tax of ($9) in 2017 ($0 in 2016)	(5)	(1)	(19)	(1)
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2017 (($1) in 2016)	1	0	(2)	(5)
Other Comprehensive Income	38	5	197	55
Total comprehensive income	170	325	652	772
Adoption of new accounting standard					$ 0	$ 56
Dividends declared to minority shareholders			(6)	(11)
Stock-based compensation plans			17	18
Repurchase of common stock			(205)	(200)
Dividends declared			(75)	(82)
Common stock issued from treasury			13	9
Balance at end of period	5,121	4,704	5,121	4,704
Tax on foreign currency translation	25	3	44	17
Tax on amortization of prior service cost and unrecognized gains and losses included in total benefit cost	10	8	31	24
Tax on decrease in net actuarial losses	(16)	0	(15)	0
Tax on immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	9	0	9	0
Tax on deferred derivative gains (losses)	(2)	0	(9)	0
Tax on deferred derivative losses reclassification adjustment for amounts recognized in income	0	0	(1)	(1)
Goodyear Shareholders’ Equity
Increase (Decrease) in Stockholders' Equity
Balance at beginning of period			4,507	3,920
Comprehensive income (loss):
Net income			442	703
Foreign currency translation, net of tax of $44 in 2017 ($17 in 2016)			155	(7)
Amortization of prior service cost and unrecognized gains included in total benefit cost, net of tax of $31 in 2017 ($24 in 2016)			57	49
(Increase)/Decrease in net actuarial losses, net of tax of ($15) in 2017 ($0 in 2016)			(23)	2
Immediate recognition of prior service cost and unrecognized gains due to curtailments, settlements, and divestitures, net of tax of $9 in 2017 ($0 in 2016)			15	15
Deferred derivative losses, net of tax of ($9) in 2017 ($0 in 2016)			(19)	(1)
Reclassification adjustment for amounts recognized in income, net of tax of ($1) in 2017 (($1) in 2016)			(2)	(5)
Other Comprehensive Income			183	53
Total comprehensive income			625	756
Adoption of new accounting standard					0	56
Dividends declared to minority shareholders			0	0
Stock-based compensation plans			17	18
Repurchase of common stock			(205)	(200)
Dividends declared			(75)	(82)
Common stock issued from treasury			13	9
Balance at end of period	4,882	4,477	4,882	4,477
Tax on immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures			9	0
Minority Shareholders’ Equity – Nonredeemable
Increase (Decrease) in Stockholders' Equity
Balance at beginning of period			218	222
Comprehensive income (loss):
Net income			13	14
Foreign currency translation, net of tax of $44 in 2017 ($17 in 2016)			14	2
Other Comprehensive Income			14	2
Total comprehensive income			27	16
Adoption of new accounting standard					$ 0	$ 0
Dividends declared to minority shareholders			(6)	(11)
Balance at end of period	$ 239	$ 227	$ 239	$ 227

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Reclassifications out of Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Changes in Accumulated Other Comprehensive Loss [Roll Forward]
Balance at beginning of period			$ 4,725	$ 4,142
Amounts reclassified from accumulated other comprehensive loss	$ 34	$ 17	70	59
Balance at end of period	5,121	4,704	5,121	4,704
Foreign Currency Translation Adjustment
Changes in Accumulated Other Comprehensive Loss [Roll Forward]
Balance at beginning of period			(1,155)	(946)
Other comprehensive income (loss) before reclassifications			155	(7)
Amounts reclassified from accumulated other comprehensive loss			0	0
Balance at end of period	(1,000)	(953)	(1,000)	(953)
Unrecognized Net Actuarial Losses and Prior Service Costs
Changes in Accumulated Other Comprehensive Loss [Roll Forward]
Balance at beginning of period			(3,053)	(3,071)
Other comprehensive income (loss) before reclassifications			(23)	2
Amounts reclassified from accumulated other comprehensive loss	33	17	72	64
Balance at end of period	(3,004)	(3,005)	(3,004)	(3,005)
Deferred Derivative Gains (Losses)
Changes in Accumulated Other Comprehensive Loss [Roll Forward]
Balance at beginning of period			10	7
Other comprehensive income (loss) before reclassifications			(19)	(1)
Amounts reclassified from accumulated other comprehensive loss			(2)	(5)
Balance at end of period	(11)	1	(11)	1
Total
Changes in Accumulated Other Comprehensive Loss [Roll Forward]
Balance at beginning of period			(4,198)	(4,010)
Other comprehensive income (loss) before reclassifications			113	(6)
Amounts reclassified from accumulated other comprehensive loss			70	59
Balance at end of period	$ (4,015)	$ (3,957)	$ (4,015)	$ (3,957)

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Reclassifications out of Accumulated Other Comprehensive Loss - Reclassifications out of AOCL (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reclassifications out of Accumulated Other Comprehensive Loss [Line Items]
Reclassification, net of tax	$ 34	$ 17	$ 70	$ 59
Cost of Goods Sold	3,069	2,736	8,626	8,250
Tax expense	30	(10)	136	161
Goodyear Net Income	(129)	(317)	(442)	(703)
Unrecognized Net Actuarial Losses and Prior Service Costs, Amortization Attributable to Parent
Reclassifications out of Accumulated Other Comprehensive Loss [Line Items]
Reclassifications, before tax	28	25	88	73
Unrecognized Net Actuarial Losses and Prior Service Costs, Immediate Recognition Attributable to Parent
Reclassifications out of Accumulated Other Comprehensive Loss [Line Items]
Reclassifications, before tax	24	0	24	15
Unrecognized Net Actuarial Losses and Prior Service Costs Attributable to Parent
Reclassifications out of Accumulated Other Comprehensive Loss [Line Items]
Reclassifications, before tax	52	25	112	88
Reclassifications, tax effect	(19)	(8)	(40)	(24)
Reclassification, net of tax	33	17	72	64
Deferred Derivative (Gains) Losses Attributable to Parent
Reclassifications out of Accumulated Other Comprehensive Loss [Line Items]
Reclassification, net of tax			(2)	(5)
Deferred Derivative (Gains) Losses Attributable to Parent | Reclassification Out of Accumulated Other Comprehensive Loss
Reclassifications out of Accumulated Other Comprehensive Loss [Line Items]
Cost of Goods Sold	1	0	(3)	(6)
Tax expense	0	0	1	1
Goodyear Net Income	$ 1	$ 0	$ (2)	$ (5)

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Consolidating Financial Information - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Decrease in total assets	$ (17,852,000,000)		$ (17,852,000,000)			$ (16,511,000,000)
Decrease in total liabilities	(12,731,000,000)		(12,731,000,000)			(11,786,000,000)
Decrease in total shareholders' equity	(5,121,000,000)	$ (4,704,000,000)	(5,121,000,000)	$ (4,704,000,000)		(4,725,000,000)	$ (4,142,000,000)
Net income	129,000,000	317,000,000	442,000,000	703,000,000
Parent Company | Reportable Legal Entities
Debt Instrument [Line Items]
Decrease in total assets	(11,771,000,000)		(11,771,000,000)			(11,477,000,000)
Decrease in total liabilities	(6,889,000,000)		(6,889,000,000)			(6,970,000,000)
Decrease in total shareholders' equity	(4,882,000,000)		(4,882,000,000)			(4,507,000,000)
Net income	129,000,000	317,000,000	442,000,000	703,000,000
Guarantor Subsidiaries | Reportable Legal Entities
Debt Instrument [Line Items]
Decrease in total assets	(1,475,000,000)		(1,475,000,000)			(1,399,000,000)
Decrease in total liabilities	(297,000,000)		(297,000,000)			(268,000,000)
Decrease in total shareholders' equity	(1,178,000,000)		(1,178,000,000)			(1,131,000,000)
Net income	18,000,000	21,000,000	54,000,000	55,000,000
Restatement Adjustment | Parent Company | Reportable Legal Entities
Debt Instrument [Line Items]
Decrease in total assets						113,000,000
Decrease in total liabilities						113,000,000
Restatement Adjustment | Guarantor Subsidiaries | Reportable Legal Entities
Debt Instrument [Line Items]
Decrease in total assets						358,000,000
Decrease in total liabilities						46,000,000
Decrease in total shareholders' equity						$ 312,000,000
Net income		$ 4,000,000		$ 12,000,000
8.75% due 2020 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 282,000,000		$ 282,000,000
Interest rate, stated percentage	8.75%		8.75%
5.125% due 2023 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,000,000,000		$ 1,000,000,000
Interest rate, stated percentage	5.125%		5.125%
5% due 2026 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 900,000,000		$ 900,000,000
Interest rate, stated percentage	5.00%		5.00%
4.875% due 2027 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 700,000,000		$ 700,000,000		$ 700,000,000
Interest rate, stated percentage	4.875%		4.875%		4.875%

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Consolidating Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Current Assets:
Cash and Cash Equivalents	$ 822	$ 1,132	$ 975
Accounts Receivable, net	2,672	1,769
Accounts Receivable From Affiliates	0	0
Inventories	2,991	2,627
Prepaid Expenses and Other Current Assets	242	190
Total Current Assets	6,727	5,718
Goodwill	587	535
Intangible Assets	137	136
Deferred Income Taxes	2,356	2,414
Other Assets	714	668
Investments in Subsidiaries	0	0
Property, Plant and Equipment, net	7,331	7,040
Total Assets	17,852	16,511
Current Liabilities:
Accounts Payable — Trade	2,624	2,589
Accounts Payable to Affiliates	0	0
Compensation and Benefits	582	584
Other Current Liabilities	1,062	963
Notes Payable and Overdrafts	276	245
Long Term Debt and Capital Leases due Within One Year (Note 7)	378	436
Total Current Liabilities	4,922	4,817
Long Term Debt and Capital Leases	5,737	4,798
Compensation and Benefits	1,459	1,460
Deferred Income Taxes	91	85
Other Long Term Liabilities	522	626
Total Liabilities	12,731	11,786
Commitments and Contingent Liabilities
Goodyear Shareholders’ Equity:
Common Stock	246	252
Other Equity	4,636	4,255
Goodyear Shareholders’ Equity	4,882	4,507
Minority Shareholders’ Equity — Nonredeemable	239	218
Total Shareholders’ Equity	5,121	4,725	$ 4,704	$ 4,142
Total Liabilities and Shareholders’ Equity	17,852	16,511
Reportable Legal Entities | Parent Company
Current Assets:
Cash and Cash Equivalents	59	188
Accounts Receivable, net	660	589
Accounts Receivable From Affiliates	0	0
Inventories	1,582	1,443
Prepaid Expenses and Other Current Assets	73	57
Total Current Assets	2,374	2,277
Goodwill	24	24
Intangible Assets	117	118
Deferred Income Taxes	1,883	2,010
Other Assets	215	223
Investments in Subsidiaries	4,689	4,344
Property, Plant and Equipment, net	2,469	2,481
Total Assets	11,771	11,477
Current Liabilities:
Accounts Payable — Trade	822	905
Accounts Payable to Affiliates	404	547
Compensation and Benefits	306	365
Other Current Liabilities	342	355
Notes Payable and Overdrafts	30	0
Long Term Debt and Capital Leases due Within One Year (Note 7)	4	6
Total Current Liabilities	1,908	2,178
Long Term Debt and Capital Leases	3,974	3,685
Compensation and Benefits	620	682
Deferred Income Taxes	0	0
Other Long Term Liabilities	387	425
Total Liabilities	6,889	6,970
Commitments and Contingent Liabilities
Goodyear Shareholders’ Equity:
Common Stock	246	252
Other Equity	4,636	4,255
Goodyear Shareholders’ Equity	4,882	4,507
Minority Shareholders’ Equity — Nonredeemable	0	0
Total Shareholders’ Equity	4,882	4,507
Total Liabilities and Shareholders’ Equity	11,771	11,477
Reportable Legal Entities | Guarantor Subsidiaries
Current Assets:
Cash and Cash Equivalents	36	55
Accounts Receivable, net	153	106
Accounts Receivable From Affiliates	144	277
Inventories	52	25
Prepaid Expenses and Other Current Assets	2	3
Total Current Assets	387	466
Goodwill	1	0
Intangible Assets	0	0
Deferred Income Taxes	39	31
Other Assets	53	53
Investments in Subsidiaries	592	541
Property, Plant and Equipment, net	403	308
Total Assets	1,475	1,399
Current Liabilities:
Accounts Payable — Trade	104	142
Accounts Payable to Affiliates	0	0
Compensation and Benefits	16	15
Other Current Liabilities	9	0
Notes Payable and Overdrafts	0	0
Long Term Debt and Capital Leases due Within One Year (Note 7)	0	0
Total Current Liabilities	129	157
Long Term Debt and Capital Leases	52	0
Compensation and Benefits	104	98
Deferred Income Taxes	1	1
Other Long Term Liabilities	11	12
Total Liabilities	297	268
Commitments and Contingent Liabilities
Goodyear Shareholders’ Equity:
Common Stock	0	0
Other Equity	1,178	1,131
Goodyear Shareholders’ Equity	1,178	1,131
Minority Shareholders’ Equity — Nonredeemable	0	0
Total Shareholders’ Equity	1,178	1,131
Total Liabilities and Shareholders’ Equity	1,475	1,399
Reportable Legal Entities | Non-Guarantor Subsidiaries
Current Assets:
Cash and Cash Equivalents	727	889
Accounts Receivable, net	1,859	1,074
Accounts Receivable From Affiliates	260	270
Inventories	1,401	1,178
Prepaid Expenses and Other Current Assets	165	130
Total Current Assets	4,412	3,541
Goodwill	435	391
Intangible Assets	20	18
Deferred Income Taxes	434	373
Other Assets	443	387
Investments in Subsidiaries	0	0
Property, Plant and Equipment, net	4,486	4,279
Total Assets	10,230	8,989
Current Liabilities:
Accounts Payable — Trade	1,698	1,542
Accounts Payable to Affiliates	0	0
Compensation and Benefits	260	204
Other Current Liabilities	711	611
Notes Payable and Overdrafts	246	245
Long Term Debt and Capital Leases due Within One Year (Note 7)	374	430
Total Current Liabilities	3,289	3,032
Long Term Debt and Capital Leases	1,711	1,113
Compensation and Benefits	735	680
Deferred Income Taxes	90	84
Other Long Term Liabilities	124	188
Total Liabilities	5,949	5,097
Commitments and Contingent Liabilities
Goodyear Shareholders’ Equity:
Common Stock	0	0
Other Equity	4,042	3,674
Goodyear Shareholders’ Equity	4,042	3,674
Minority Shareholders’ Equity — Nonredeemable	239	218
Total Shareholders’ Equity	4,281	3,892
Total Liabilities and Shareholders’ Equity	10,230	8,989
Consolidating Entries and Eliminations
Current Assets:
Cash and Cash Equivalents	0	0
Accounts Receivable, net	0	0
Accounts Receivable From Affiliates	(404)	(547)
Inventories	(44)	(19)
Prepaid Expenses and Other Current Assets	2	0
Total Current Assets	(446)	(566)
Goodwill	127	120
Intangible Assets	0	0
Deferred Income Taxes	0	0
Other Assets	3	5
Investments in Subsidiaries	(5,281)	(4,885)
Property, Plant and Equipment, net	(27)	(28)
Total Assets	(5,624)	(5,354)
Current Liabilities:
Accounts Payable — Trade	0	0
Accounts Payable to Affiliates	(404)	(547)
Compensation and Benefits	0	0
Other Current Liabilities	0	(3)
Notes Payable and Overdrafts	0	0
Long Term Debt and Capital Leases due Within One Year (Note 7)	0	0
Total Current Liabilities	(404)	(550)
Long Term Debt and Capital Leases	0	0
Compensation and Benefits	0	0
Deferred Income Taxes	0	0
Other Long Term Liabilities	0	1
Total Liabilities	(404)	(549)
Commitments and Contingent Liabilities
Goodyear Shareholders’ Equity:
Common Stock	0	0
Other Equity	(5,220)	(4,805)
Goodyear Shareholders’ Equity	(5,220)	(4,805)
Minority Shareholders’ Equity — Nonredeemable	0	0
Total Shareholders’ Equity	(5,220)	(4,805)
Total Liabilities and Shareholders’ Equity	$ (5,624)	$ (5,354)

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Consolidating Financial Information - Consolidating Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Consolidating Statements of Operations
Net Sales	$ 3,921	$ 3,847	$ 11,306	$ 11,417
Cost of Goods Sold	3,069	2,736	8,626	8,250
Selling, Administrative and General Expense	556	599	1,718	1,807
Rationalizations	46	135	102	194
Interest Expense	84	90	260	285
Other (Income) Expense	4	(23)	9	3
Income before Income Taxes	162	310	591	878
United States and Foreign Taxes	30	(10)	136	161
Equity in Earnings of Subsidiaries	0	0	0	0
Net Income (Loss)	132	320	455	717
Less: Minority Shareholders’ Net Income	3	3	13	14
Goodyear Net Income	129	317	442	703
Comprehensive Income (Loss)	170	325	652	772
Less: Comprehensive Income Attributable to Minority Shareholders	4	3	27	16
Goodyear Comprehensive Income	166	322	625	756
Reportable Legal Entities | Parent Company
Consolidating Statements of Operations
Net Sales	1,790	1,888	5,420	5,564
Cost of Goods Sold	1,402	1,394	4,244	4,131
Selling, Administrative and General Expense	233	268	740	799
Rationalizations	20	7	22	12
Interest Expense	62	64	196	210
Other (Income) Expense	(54)	(24)	(73)	(29)
Income before Income Taxes	127	179	291	441
United States and Foreign Taxes	9	(55)	69	50
Equity in Earnings of Subsidiaries	11	83	220	312
Net Income (Loss)	129	317	442	703
Less: Minority Shareholders’ Net Income	0	0	0	0
Goodyear Net Income	129	317	442	703
Comprehensive Income (Loss)	166	322	625	756
Less: Comprehensive Income Attributable to Minority Shareholders	0	0	0	0
Goodyear Comprehensive Income	166	322	625	756
Reportable Legal Entities | Guarantor Subsidiaries
Consolidating Statements of Operations
Net Sales	294	323	883	988
Cost of Goods Sold	264	298	824	922
Selling, Administrative and General Expense	10	9	29	30
Rationalizations	0	0	0	0
Interest Expense	2	2	6	9
Other (Income) Expense	(9)	0	(8)	1
Income before Income Taxes	27	14	32	26
United States and Foreign Taxes	6	3	6	2
Equity in Earnings of Subsidiaries	(3)	10	28	31
Net Income (Loss)	18	21	54	55
Less: Minority Shareholders’ Net Income	0	0	0	0
Goodyear Net Income	18	21	54	55
Comprehensive Income (Loss)	16	21	57	35
Less: Comprehensive Income Attributable to Minority Shareholders	0	0	0	0
Goodyear Comprehensive Income	16	21	57	35
Reportable Legal Entities | Non-Guarantor Subsidiaries
Consolidating Statements of Operations
Net Sales	2,448	2,319	7,066	6,922
Cost of Goods Sold	2,024	1,737	5,662	5,311
Selling, Administrative and General Expense	313	322	949	979
Rationalizations	26	128	80	182
Interest Expense	34	24	96	77
Other (Income) Expense	4	(7)	(19)	(17)
Income before Income Taxes	47	115	298	390
United States and Foreign Taxes	12	41	61	104
Equity in Earnings of Subsidiaries	0	0	0	0
Net Income (Loss)	35	74	237	286
Less: Minority Shareholders’ Net Income	3	3	13	14
Goodyear Net Income	32	71	224	272
Comprehensive Income (Loss)	86	70	426	311
Less: Comprehensive Income Attributable to Minority Shareholders	4	3	27	16
Goodyear Comprehensive Income	82	67	399	295
Consolidating Entries and Eliminations
Consolidating Statements of Operations
Net Sales	(611)	(683)	(2,063)	(2,057)
Cost of Goods Sold	(621)	(693)	(2,104)	(2,114)
Selling, Administrative and General Expense	0	0	0	(1)
Rationalizations	0	0	0	0
Interest Expense	(14)	0	(38)	(11)
Other (Income) Expense	63	8	109	48
Income before Income Taxes	(39)	2	(30)	21
United States and Foreign Taxes	3	1	0	5
Equity in Earnings of Subsidiaries	(8)	(93)	(248)	(343)
Net Income (Loss)	(50)	(92)	(278)	(327)
Less: Minority Shareholders’ Net Income	0	0	0	0
Goodyear Net Income	(50)	(92)	(278)	(327)
Comprehensive Income (Loss)	(98)	(88)	(456)	(330)
Less: Comprehensive Income Attributable to Minority Shareholders	0	0	0	0
Goodyear Comprehensive Income	$ (98)	$ (88)	$ (456)	$ (330)

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Consolidating Financial Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$ (154)	$ 290
Cash Flows from Investing Activities:
Capital Expenditures	(683)	(711)
Asset Dispositions	9	13
Short Term Securities Acquired	(51)	(46)
Short Term Securities Redeemed	51	34
Capital Contributions and Loans Incurred	0	0
Capital Redemptions and Loans Paid	0	0
Other Transactions	(1)	2
Total Cash Flows from Investing Activities	(675)	(708)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	544	219
Short Term Debt and Overdrafts Paid	(523)	(99)
Long Term Debt Incurred	4,972	4,129
Long Term Debt Paid	(4,193)	(4,025)
Common Stock Issued	12	9
Common Stock Repurchased	(205)	(200)
Common Stock Dividends Paid	(75)	(56)
Capital Contributions and Loans Incurred	0	0
Capital Redemptions and Loans Paid	0	0
Intercompany Dividends Paid	0	0
Transactions with Minority Interests in Subsidiaries	(6)	(9)
Debt Related Costs and Other Transactions	(69)	(77)
Total Cash Flows from Financing Activities	457	(109)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	51	25
Net Change in Cash, Cash Equivalents and Restricted Cash	(321)	(502)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	1,189	1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period	868	1,000
Reportable Legal Entities | Parent Company
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	179	31
Cash Flows from Investing Activities:
Capital Expenditures	(247)	(271)
Asset Dispositions	1	11
Short Term Securities Acquired	0	0
Short Term Securities Redeemed	0	0
Capital Contributions and Loans Incurred	(75)	(165)
Capital Redemptions and Loans Paid	21	48
Other Transactions	0	0
Total Cash Flows from Investing Activities	(300)	(377)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	175	0
Short Term Debt and Overdrafts Paid	(145)	0
Long Term Debt Incurred	2,597	2,339
Long Term Debt Paid	(2,310)	(2,034)
Common Stock Issued	12	9
Common Stock Repurchased	(205)	(200)
Common Stock Dividends Paid	(75)	(56)
Capital Contributions and Loans Incurred	41	248
Capital Redemptions and Loans Paid	(61)	(148)
Intercompany Dividends Paid	0	0
Transactions with Minority Interests in Subsidiaries	0	0
Debt Related Costs and Other Transactions	(38)	(66)
Total Cash Flows from Financing Activities	(9)	92
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	0	0
Net Change in Cash, Cash Equivalents and Restricted Cash	(130)	(254)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	210	361
Cash, Cash Equivalents and Restricted Cash at End of the Period	80	107
Reportable Legal Entities | Guarantor Subsidiaries
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	0	26
Cash Flows from Investing Activities:
Capital Expenditures	(115)	(69)
Asset Dispositions	0	0
Short Term Securities Acquired	0	0
Short Term Securities Redeemed	0	0
Capital Contributions and Loans Incurred	0	0
Capital Redemptions and Loans Paid	0	0
Other Transactions	0	0
Total Cash Flows from Investing Activities	(115)	(69)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	0	0
Short Term Debt and Overdrafts Paid	0	0
Long Term Debt Incurred	52	0
Long Term Debt Paid	0	0
Common Stock Issued	0	0
Common Stock Repurchased	0	0
Common Stock Dividends Paid	0	0
Capital Contributions and Loans Incurred	62	59
Capital Redemptions and Loans Paid	(21)	(25)
Intercompany Dividends Paid	0	0
Transactions with Minority Interests in Subsidiaries	0	0
Debt Related Costs and Other Transactions	0	0
Total Cash Flows from Financing Activities	93	34
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	3	1
Net Change in Cash, Cash Equivalents and Restricted Cash	(19)	(8)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	55	67
Cash, Cash Equivalents and Restricted Cash at End of the Period	36	59
Reportable Legal Entities | Non-Guarantor Subsidiaries
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	(303)	261
Cash Flows from Investing Activities:
Capital Expenditures	(323)	(375)
Asset Dispositions	8	2
Short Term Securities Acquired	(51)	(46)
Short Term Securities Redeemed	51	34
Capital Contributions and Loans Incurred	(41)	(248)
Capital Redemptions and Loans Paid	61	148
Other Transactions	(1)	2
Total Cash Flows from Investing Activities	(296)	(483)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	369	219
Short Term Debt and Overdrafts Paid	(378)	(99)
Long Term Debt Incurred	2,323	1,790
Long Term Debt Paid	(1,883)	(1,991)
Common Stock Issued	0	0
Common Stock Repurchased	0	0
Common Stock Dividends Paid	0	0
Capital Contributions and Loans Incurred	13	106
Capital Redemptions and Loans Paid	0	(23)
Intercompany Dividends Paid	(28)	(24)
Transactions with Minority Interests in Subsidiaries	(6)	(9)
Debt Related Costs and Other Transactions	(31)	(11)
Total Cash Flows from Financing Activities	379	(42)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	48	24
Net Change in Cash, Cash Equivalents and Restricted Cash	(172)	(240)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	924	1,074
Cash, Cash Equivalents and Restricted Cash at End of the Period	752	834
Consolidating Entries and Eliminations
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	(30)	(28)
Cash Flows from Investing Activities:
Capital Expenditures	2	4
Asset Dispositions	0	0
Short Term Securities Acquired	0	0
Short Term Securities Redeemed	0	0
Capital Contributions and Loans Incurred	116	413
Capital Redemptions and Loans Paid	(82)	(196)
Other Transactions	0	0
Total Cash Flows from Investing Activities	36	221
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	0	0
Short Term Debt and Overdrafts Paid	0	0
Long Term Debt Incurred	0	0
Long Term Debt Paid	0	0
Common Stock Issued	0	0
Common Stock Repurchased	0	0
Common Stock Dividends Paid	0	0
Capital Contributions and Loans Incurred	(116)	(413)
Capital Redemptions and Loans Paid	82	196
Intercompany Dividends Paid	28	24
Transactions with Minority Interests in Subsidiaries	0	0
Debt Related Costs and Other Transactions	0	0
Total Cash Flows from Financing Activities	(6)	(193)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	0	0
Net Change in Cash, Cash Equivalents and Restricted Cash	0	0
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period	0	0
Cash, Cash Equivalents and Restricted Cash at End of the Period	$ 0	$ 0