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Changes in Shareholders' Equity
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
CHANGES IN SHAREHOLDERS' EQUITY
CHANGES IN SHAREHOLDERS’ EQUITY
The following tables present the changes in shareholders’ equity for the six months ended June 30, 2018 and 2017:
 
June 30, 2018
 
June 30, 2017
(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
$
4,603

 
$
247

 
$
4,850

 
$
4,507

 
$
218

 
$
4,725

Comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Net income
232

 
12

 
244

 
313

 
10

 
323

Foreign currency translation, net of tax of ($8) in 2018 ($19 in 2017)
(133
)
 
(16
)
 
(149
)
 
121

 
13

 
134

Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $16 in 2018 ($21 in 2017)
53

 

 
53

 
39

 

 
39

(Increase)/Decrease in net actuarial losses, net of tax of $6 in 2018 ($1 in 2017)
19

 

 
19

 
3

 

 
3

Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures, net of tax of $2 in 2018 ($0 in 2017)
4

 

 
4

 

 

 

Deferred derivative gains (losses), net of tax of $2 in 2018 (($7) in 2017)
6

 

 
6

 
(14
)
 

 
(14
)
Reclassification adjustment for amounts recognized in income, net of tax of $2 in 2018 (($1) in 2017)
5

 

 
5

 
(3
)
 

 
(3
)
Other comprehensive income (loss)
(46
)
 
(16
)
 
(62
)
 
146

 
13

 
159

Total comprehensive income (loss)
186

 
(4
)
 
182

 
459

 
23

 
482

Adoption of new accounting standards updates (Note 1)
(1
)
 

 
(1
)
 

 

 

Dividends declared to minority shareholders

 
(7
)
 
(7
)
 

 
(5
)
 
(5
)
Stock-based compensation plans (Note 11)
8

 

 
8

 
12

 

 
12

Repurchase of common stock (Note 13)
(100
)
 

 
(100
)
 
(30
)
 

 
(30
)
Dividends declared (Note 13)
(67
)
 

 
(67
)
 
(50
)
 

 
(50
)
Common stock issued from treasury
3

 

 
3

 
11

 

 
11

Purchase of minority shares
5

 
(29
)
 
(24
)
 

 

 

Balance at end of period
$
4,637

 
$
207

 
$
4,844

 
$
4,909

 
$
236

 
$
5,145