Consolidating Financial Information Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]



	Condensed Consolidating Balance Sheet
	December 31, 2017
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	176	$	32	$	835	$	—		$	1,043
Accounts Receivable	649		116		1,260		—			2,025
Accounts Receivable From Affiliates	—		254		71		(325		)	—
Inventories	1,444		43		1,329		(29		)	2,787
Prepaid Expenses and Other Current Assets	59		3		157		5			224
Total Current Assets	2,328		448		3,652		(349		)	6,079
Goodwill	24		1		444		126			595
Intangible Assets	119		—		20		—			139
Deferred Income Taxes	1,549		35		424		—			2,008
Other Assets	221		51		518		2			792
Investments in Subsidiaries	4,424		503		—		(4,927		)	—
Property, Plant and Equipment	2,491		420		4,569		(29		)	7,451
Total Assets	$	11,156	$	1,458	$	9,627	$	(5,177	)	$	17,064
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	927	$	115	$	1,765	$	—		$	2,807
Accounts Payable to Affiliates	325		—		—		(325		)	—
Compensation and Benefits	322		15		202		—			539
Other Current Liabilities	323		2		701		—			1,026
Notes Payable and Overdrafts	—		—		262		—			262
Long Term Debt and Capital Leases Due Within One Year	60		—		331		—			391
Total Current Liabilities	1,957		132		3,261		(325		)	5,025
Long Term Debt and Capital Leases	3,544		152		1,380		—			5,076
Compensation and Benefits	682		109		724		—			1,515
Deferred Income Taxes	—		1		99		—			100
Other Long Term Liabilities	370		8		120		—			498
Total Liabilities	6,553		402		5,584		(325		)	12,214
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	240		—		—		—			240
Other Equity	4,363		1,056		3,796		(4,852		)	4,363
Goodyear Shareholders’ Equity	4,603		1,056		3,796		(4,852		)	4,603
Minority Shareholders’ Equity — Nonredeemable	—		—		247		—			247
Total Shareholders’ Equity	4,603		1,056		4,043		(4,852		)	4,850
Total Liabilities and Shareholders’ Equity	$	11,156	$	1,458	$	9,627	$	(5,177	)	$	17,064



	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	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	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
	Year Ended December 31, 2017
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	7,378		$	1,186		$	9,499		$	(2,686	)	$	15,377
Cost of Goods Sold	5,794			1,135			7,546			(2,756		)	11,719
Selling, Administrative and General Expense	991			37			1,274			—			2,302
Rationalizations	20			1			114			—			135
Interest Expense	254			10			122			(51		)	335
Other (Income) Expense	(91		)	(1		)	(30		)	130			8
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	410			4			473			(9		)	878
United States and Foreign Tax (Benefit) Expense	417			(2		)	101			(3		)	513
Equity in Earnings (Loss) of Subsidiaries	353			39			—			(392		)	—
Net Income (Loss)	346			45			372			(398		)	365
Less: Minority Shareholders’ Net Income	—			—			19			—			19
Goodyear Net Income (Loss)	$	346		$	45		$	353		$	(398	)	$	346
Comprehensive Income (Loss)	$	568		$	62		$	656		$	(683	)	$	603
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			35			—			35
Goodyear Comprehensive Income (Loss)	$	568		$	62		$	621		$	(683	)	$	568



	Year Ended December 31, 2016
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	7,418		$	1,265		$	9,121		$	(2,646	)	$	15,158
Cost of Goods Sold	5,498			1,218			6,971			(2,715		)	10,972
Selling, Administrative and General Expense	1,068			38			1,302			(1		)	2,407
Rationalizations	20			—			190			—			210
Interest Expense	276			12			129			(45		)	372
Other (Income) Expense	(46		)	1			(52		)	87			(10		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	602			(4		)	581			28			1,207
United States and Foreign Tax (Benefit) Expense	104			(7		)	(180		)	6			(77		)
Equity in Earnings (Loss) of Subsidiaries	766			122			—			(888		)	—
Net Income (Loss)	1,264			125			761			(866		)	1,284
Less: Minority Shareholders’ Net Income	—			—			20			—			20
Goodyear Net Income (Loss)	$	1,264		$	125		$	741		$	(866	)	$	1,264
Comprehensive Income (Loss)	$	1,076		$	55		$	585		$	(632	)	$	1,084
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			8			—			8
Goodyear Comprehensive Income (Loss)	$	1,076		$	55		$	577		$	(632	)	$	1,076



	Consolidating Statements of Operations
	Year Ended December 31, 2015
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	8,044		$	1,558		$	10,308		$	(3,467	)	$	16,443
Cost of Goods Sold	6,186			1,458			8,090			(3,570		)	12,164
Selling, Administrative and General Expense	1,168			57			1,392			(3		)	2,614
Rationalizations	13			—			101			—			114
Interest Expense	339			22			135			(58		)	438
Loss on Deconsolidation of Venezuelan Subsidiary	374			—			272			—			646
Other (Income) Expense	(455		)	(13		)	173			154			(141		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	419			34			145			10			608
United States and Foreign Tax (Benefit) Expense	104			10			112			6			232
Equity in Earnings (Loss) of Subsidiaries	(8		)	19			—			(11		)	—
Net Income (Loss)	307			43			33			(7		)	376
Less: Minority Shareholders’ Net Income	—			—			69			—			69
Goodyear Net Income (Loss)	$	307		$	43		$	(36	)	$	(7	)	$	307
Comprehensive Income (Loss)	$	535		$	55		$	46		$	(95	)	$	541
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			32			(26		)	6
Goodyear Comprehensive Income (Loss)	$	535		$	55		$	14		$	(69	)	$	535

Condensed Consolidating Statement of Cash Flows



	Condensed Consolidating Statement of Cash Flows
	Year Ended December 31, 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	$	1,192		$	67		$	577		$	(678	)	$	1,158
Cash Flows from Investing Activities:
Capital Expenditures	(305		)	(136		)	(442		)	2			(881		)
Asset Dispositions	1			1			10			—			12
Short Term Securities Acquired	—			—			(83		)	—			(83		)
Short Term Securities Redeemed	—			—			83			—			83
Capital Contributions Received and Loans Incurred	(79		)	—			(292		)	371			—
Capital Redemptions and Loans Paid	76			—			563			(639		)	—
Other Transactions	(3		)	—			(7		)	—			(10		)
Total Cash Flows from Investing Activities	(310		)	(135		)	(168		)	(266		)	(879		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	420			—			634			—			1,054
Short Term Debt and Overdrafts Paid	(420		)	—			(626		)	—			(1,046		)
Long Term Debt Incurred	3,062			204			3,197			—			6,463
Long Term Debt Paid	(3,151		)	(52		)	(3,139		)	—			(6,342		)
Common Stock Issued	14			—			—			—			14
Common Stock Repurchased	(400		)	—			—			—			(400		)
Common Stock Dividends Paid	(110		)	—			—			—			(110		)
Capital Contributions Received and Loans Incurred	292			66			13			(371		)	—
Capital Redemptions and Loans Paid	(563		)	(48		)	(28		)	639			—
Intercompany Dividends Paid	—			(128		)	(548		)	676			—
Transactions with Minority Interests in Subsidiaries	—			—			(7		)	—			(7		)
Debt Related Costs and Other Transactions	(35		)	—			(6		)	—			(41		)
Total Cash Flows from Financing Activities	(891		)	42			(510		)	944			(415		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			3			54			—			57
Net Change in Cash, Cash Equivalents and Restricted Cash	(9		)	(23		)	(47		)	—			(79		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Year	210			55			924			—			1,189
Cash, Cash Equivalents and Restricted Cash at End of the Year	$	201		$	32		$	877		$	—		$	1,110



	Condensed Consolidating Statement of Cash Flows Year Ended December 31, 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	$	609		$	135		$	885		$	(72	)	$	1,557
Cash Flows from Investing Activities:
Capital Expenditures	(370		)	(107		)	(525		)	6			(996		)
Asset Dispositions	11			—			24			—			35
Short Term Securities Acquired	—			—			(72		)	—			(72		)
Short Term Securities Redeemed	—			—			60			—			60
Capital Contributions Received and Loans Incurred	(257		)	—			(576		)	833			—
Capital Redemptions and Loans Paid	163			—			148			(311		)	—
Other Transactions	—			—			(6		)	—			(6		)
Total Cash Flows from Investing Activities	(453		)	(107		)	(947		)	528			(979		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	—			—			417			—			417
Short Term Debt and Overdrafts Paid	—			—			(228		)	—			(228		)
Long Term Debt Incurred	2,896			—			2,092			—			4,988
Long Term Debt Paid	(3,016		)	—			(2,417		)	—			(5,433		)
Common Stock Issued	13			—			—			—			13
Common Stock Repurchased	(500		)	—			—			—			(500		)
Common Stock Dividends Paid	(82		)	—			—			—			(82		)
Capital Contributions Received and Loans Incurred	576			59			198			(833		)	—
Capital Redemptions and Loans Paid	(148		)	(80		)	(83		)	311			—
Intercompany Dividends Paid	—			(19		)	(47		)	66			—
Transactions with Minority Interests in Subsidiaries	—			—			(11		)	—			(11		)
Debt Related Costs and Other Transactions	(46		)	—			6			—			(40		)
Total Cash Flows from Financing Activities	(307		)	(40		)	(73		)	(456		)	(876		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			—			(15		)	—			(15		)
Net Change in Cash, Cash Equivalents and Restricted Cash	(151		)	(12		)	(150		)	—			(313		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Year	361			67			1,074			—			1,502
Cash, Cash Equivalents and Restricted Cash at End of the Year	$	210		$	55		$	924		$	—		$	1,189



	Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2015
(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	$	1,043		$	126		$	612		$	(53	)	$	1,728
Cash Flows from Investing Activities:
Capital Expenditures	(322		)	(112		)	(558		)	9			(983		)
Asset Dispositions	48			—			14			—			62
Decrease in Cash Due to Deconsolidation of Venezuelan Subsidiary	—			—			(320		)	—			(320		)
Short Term Securities Acquired	—			—			(77		)	—			(77		)
Short Term Securities Redeemed	—			—			69			—			69
Capital Contributions Received and Loans Incurred	(70		)	—			(90		)	160			—
Capital Redemptions and Loans Paid	122			—			125			(247		)	—
Other Transactions	—			—			(7		)	—			(7		)
Total Cash Flows from Investing Activities	(222		)	(112		)	(844		)	(78		)	(1,256		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	39			—			118			(54		)	103
Short Term Debt and Overdrafts Paid	(15		)	—			(123		)	54			(84		)
Long Term Debt Incurred	1,736			—			1,083			—			2,819
Long Term Debt Paid	(2,341		)	—			(974		)	—			(3,315		)
Common Stock Issued	53			—			—			—			53
Common Stock Repurchased	(180		)	—			—			—			(180		)
Common Stock Dividends Paid	(68		)	—			—			—			(68		)
Capital Contributions Received and Loans Incurred	90			12			58			(160		)	—
Capital Redemptions and Loans Paid	(125		)	(15		)	(107		)	247			—
Intercompany Dividends Paid	—			(17		)	(27		)	44			—
Transactions with Minority Interests in Subsidiaries	—			—			(9		)	—			(9		)
Debt Related Costs and Other Transactions	(59		)	—			(15		)	—			(74		)
Dissolution of Global Alliance	(271		)	—			—			—			(271		)
Total Cash Flows from Financing Activities	(1,141		)	(20		)	4			131			(1,026		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			(13		)	(112		)	—			(125		)
Net Change in Cash, Cash Equivalents and Restricted Cash	(320		)	(19		)	(340		)	—			(679		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Year	681			86			1,414			—			2,181
Cash, Cash Equivalents and Restricted Cash at End of the Year	$	361		$	67		$	1,074		$	—		$	1,502