Changes in Shareholders' Equity

9 Months Ended

Sep. 30, 2017

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