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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