Consolidating Financial Information Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]



	Condensed Consolidating Balance Sheet
	December 31, 2019
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	165	$	46	$	697	$	—		$	908
Accounts Receivable, net	644		105		1,192		—			1,941
Accounts Receivable From Affiliates	2,176		—		—		(2,176		)	—
Inventories	1,425		59		1,398		(31		)	2,851
Prepaid Expenses and Other Current Assets	74		321		332		(493		)	234
Total Current Assets	4,484		531		3,619		(2,700		)	5,934
Goodwill	24		—		418		123			565
Intangible Assets	116		1		20		—			137
Deferred Income Taxes	1,736		19		272		(500		)	1,527
Other Assets	468		56		2,376		(1,941		)	959
Investments in Subsidiaries	3,564		393		—		(3,957		)	—
Operating Lease Right-of-Use Assets	534		11		310		—			855
Property, Plant and Equipment	2,428		443		4,358		(21		)	7,208
Total Assets	$	13,354	$	1,454	$	11,373	$	(8,996	)	$	17,185
Liabilities:
Current Liabilities:
Accounts Payable — Trade	$	943	$	134	$	1,831	$	—		$	2,908
Accounts Payable to Affiliates	—		24		2,152		(2,176		)	—
Compensation and Benefits	326		14		196		—			536
Other Current Liabilities	857		6		365		(494		)	734
Notes Payable and Overdrafts	—		—		348		—			348
Operating Lease Liabilities due Within One Year	107		5		87		—			199
Long Term Debt and Finance Leases Due Within One Year	283		—		279		—			562
Total Current Liabilities	2,516		183		5,258		(2,670		)	5,287
Operating Lease Liabilities	437		7		224		—			668
Long Term Debt and Finance Leases	3,313		167		1,273		—			4,753
Compensation and Benefits	485		98		751		—			1,334
Deferred Income Taxes	—		—		90		—			90
Other Long Term Liabilities	2,252		7		174		(1,925		)	508
Total Liabilities	9,003		462		7,770		(4,595		)	12,640
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	233		—		—		—			233
Other Equity	4,118		992		3,409		(4,401		)	4,118
Goodyear Shareholders’ Equity	4,351		992		3,409		(4,401		)	4,351
Minority Shareholders’ Equity — Nonredeemable	—		—		194		—			194
Total Shareholders’ Equity	4,351		992		3,603		(4,401		)	4,545
Total Liabilities and Shareholders’ Equity	$	13,354	$	1,454	$	11,373	$	(8,996	)	$	17,185



	Condensed Consolidating Balance Sheet
	December 31, 2018
(In millions)	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	127	$	30		$	644	$	—		$	801
Accounts Receivable, net	672		110			1,248		—			2,030
Accounts Receivable From Affiliates	294		280			—		(574		)	—
Inventories	1,425		71			1,387		(27		)	2,856
Prepaid Expenses and Other Current Assets	76		3			155		4			238
Total Current Assets	2,594		494			3,434		(597		)	5,925
Goodwill	24		1			420		124			569
Intangible Assets	117		—			19		—			136
Deferred Income Taxes	1,422		27			395		3			1,847
Other Assets	524		48			564		—			1,136
Investments in Subsidiaries	3,758		445			—		(4,203		)	—
Operating Lease Right-of-Use Assets	—		—			—		—			—
Property, Plant and Equipment	2,482		430			4,371		(24		)	7,259
Total Assets	$	10,921	$	1,445		$	9,203	$	(4,697	)	$	16,872
Liabilities:
Current Liabilities:
Accounts Payable — Trade	$	960	$	131		$	1,829	$	—		$	2,920
Accounts Payable to Affiliates	—		—			574		(574		)	—
Compensation and Benefits	286		14			171		—			471
Other Current Liabilities	310		(4		)	431		—			737
Notes Payable and Overdrafts	25		—			385		—			410
Operating Lease Liabilities due Within One Year	—		—			—		—			—
Long Term Debt and Finance Leases Due Within One Year	2		—			241		—			243
Total Current Liabilities	1,583		141			3,631		(574		)	4,781
Operating Lease Liabilities	—		—			—		—			—
Long Term Debt and Finance Leases	3,550		167			1,393		—			5,110
Compensation and Benefits	569		93			683		—			1,345
Deferred Income Taxes	—		—			95		—			95
Other Long Term Liabilities	355		8			108		—			471
Total Liabilities	6,057		409			5,910		(574		)	11,802
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	232		—			—		—			232
Other Equity	4,632		1,036			3,087		(4,123		)	4,632
Goodyear Shareholders’ Equity	4,864		1,036			3,087		(4,123		)	4,864
Minority Shareholders’ Equity — Nonredeemable	—		—			206		—			206
Total Shareholders’ Equity	4,864		1,036			3,293		(4,123		)	5,070
Total Liabilities and Shareholders’ Equity	$	10,921	$	1,445		$	9,203	$	(4,697	)	$	16,872

Consolidating Statements of Operations



	Consolidating Statements of Operations
	Year Ended December 31, 2019
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	7,165		$	1,403		$	9,178		$	(3,001	)	$	14,745
Cost of Goods Sold	5,765			1,303			7,565			(3,031		)	11,602
Selling, Administrative and General Expense	1,101			34			1,189			(1		)	2,323
Rationalizations	86			—			119			—			205
Interest Expense	222			28			129			(39		)	340
Other (Income) Expense	29			15			(18		)	72			98
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	(38		)	23			194			(2		)	177
United States and Foreign Taxes	(289		)	6			254			503			474
Equity in Earnings of Subsidiaries	(562		)	(28		)	—			590			—
Net Income (Loss)	(311		)	(11		)	(60		)	85			(297		)
Less: Minority Shareholders’ Net Income (Loss)	—			—			14			—			14
Goodyear Net Income (Loss)	$	(311	)	$	(11	)	$	(74	)	$	85		$	(311	)
Comprehensive Income (Loss)	$	(371	)	$	(43	)	$	(193	)	$	251		$	(356	)
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			15			—			15
Goodyear Comprehensive Income (Loss)	$	(371	)	$	(43	)	$	(208	)	$	251		$	(371	)



	Consolidating Statements of Operations
	Year Ended December 31, 2018
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	7,382		$	1,320		$	9,567		$	(2,794	)	$	15,475
Cost of Goods Sold	5,947			1,270			7,616			(2,872		)	11,961
Selling, Administrative and General Expense	1,042			35			1,235			—			2,312
Rationalizations	3			1			40			—			44
Interest Expense	221			23			105			(28		)	321
Other (Income) Expense	(320		)	12			30			104			(174		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	489			(21		)	541			2			1,011
United States and Foreign Taxes	129			(6		)	179			1			303
Equity in Earnings of Subsidiaries	333			47			—			(380		)	—
Net Income (Loss)	693			32			362			(379		)	708
Less: Minority Shareholders’ Net Income (Loss)	—			—			15			—			15
Goodyear Net Income (Loss)	$	693		$	32		$	347		$	(379	)	$	693
Comprehensive Income (Loss)	$	593		$	28		$	143		$	(175	)	$	589
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			(4		)	—			(4		)
Goodyear Comprehensive Income (Loss)	$	593		$	28		$	147		$	(175	)	$	593



	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	5,774			1,125			7,537			(2,756		)	11,680
Selling, Administrative and General Expense	980			34			1,265			—			2,279
Rationalizations	20			1			114			—			135
Interest Expense	254			10			122			(51		)	335
Other (Income) Expense	(60		)	12			(12		)	130			70
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	410			4			473			(9		)	878
United States and Foreign Taxes	417			(2		)	101			(3		)	513
Equity in Earnings of Subsidiaries	353			39			—			(392		)	—
Net Income (Loss)	346			45			372			(398		)	365
Less: Minority Shareholders’ Net Income (Loss)	—			—			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

Condensed Consolidating Statement of Cash Flows



	Condensed Consolidating Statement of Cash Flows
	Year Ended December 31, 2019
(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	$	3,541		$	(273	)	$	82		$	(2,143	)	$	1,207
Cash Flows from Investing Activities:
Capital Expenditures	(288		)	(40		)	(442		)	—			(770		)
Asset Dispositions	—			—			12			—			12
Short Term Securities Acquired	—			—			(113		)	—			(113		)
Short Term Securities Redeemed	—			—			106			—			106
Capital Contributions and Loans Incurred	(3,286		)	—			(320		)	3,606			—
Capital Redemptions and Loans Paid	269			—			—			(269		)	—
Notes Receivable	(7		)	—			—			—			(7		)
Other Transactions	(18		)	—			(2,110		)	2,100			(28		)
Total Cash Flows from Investing Activities	(3,330		)	(40		)	(2,867		)	5,437			(800		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	398			—			1,482			—			1,880
Short Term Debt and Overdrafts Paid	(423		)	—			(1,510		)	—			(1,933		)
Long Term Debt Incurred	2,981			—			2,961			—			5,942
Long Term Debt Paid	(2,983		)	—			(3,025		)	—			(6,008		)
Common Stock Issued	1			—			—			—			1
Common Stock Repurchased	—			—			—			—			—
Common Stock Dividends Paid	(148		)	—			—			—			(148		)
Capital Contributions and Loans Incurred	—			388			3,218			(3,606		)	—
Capital Redemptions and Loans Paid	—			(57		)	(212		)	269			—
Intercompany Dividends Paid	—			(3		)	(40		)	43			—
Transactions with Minority Interests in Subsidiaries	—			—			(26		)	—			(26		)
Debt Related Costs and Other Transactions	(1		)	—			(14		)	—			(15		)
Total Cash Flows from Financing Activities	(175		)	328			2,834			(3,294		)	(307		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			1			—			—			1
Net Change in Cash, Cash Equivalents and Restricted Cash	36			16			49			—			101
Cash, Cash Equivalents and Restricted Cash at Beginning of the Year	168			30			675			—			873
Cash, Cash Equivalents and Restricted Cash at End of the Year	$	204		$	46		$	724		$	—		$	974



	Condensed Consolidating Statement of Cash Flows
	Year Ended December 31, 2018
(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	$	1,771		$	32		$	(279	)	$	(608	)	$	916
Cash Flows from Investing Activities:
Capital Expenditures	(307		)	(61		)	(443		)	—			(811		)
Asset Dispositions	—			2			—			—			2
Short Term Securities Acquired	—			—			(68		)	—			(68		)
Short Term Securities Redeemed	—			—			68			—			68
Capital Contributions and Loans Incurred	(1,205		)	—			(283		)	1,488			—
Capital Redemptions and Loans Paid	282			88			430			(800		)	—
Notes Receivable	(55		)	—			—			—			(55		)
Other Transactions	1			—			(4		)	—			(3		)
Total Cash Flows from Investing Activities	(1,284		)	29			(300		)	688			(867		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	965			—			979			—			1,944
Short Term Debt and Overdrafts Paid	(940		)	—			(855		)	—			(1,795		)
Long Term Debt Incurred	3,200			15			3,240			—			6,455
Long Term Debt Paid	(3,260		)	—			(3,209		)	—			(6,469		)
Common Stock Issued	4			—			—			—			4
Common Stock Repurchased	(220		)	—			—			—			(220		)
Common Stock Dividends Paid	(138		)	—			—			—			(138		)
Capital Contributions and Loans Incurred	283			67			1,138			(1,488		)	—
Capital Redemptions and Loans Paid	(430		)	(77		)	(293		)	800			—
Intercompany Dividends Paid	—			(65		)	(543		)	608			—
Transactions with Minority Interests in Subsidiaries	—			—			(31		)	—			(31		)
Debt Related Costs and Other Transactions	16			—			(9		)	—			7
Total Cash Flows from Financing Activities	(520		)	(60		)	417			(80		)	(243		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	—			(3		)	(40		)	—			(43		)
Net Change in Cash, Cash Equivalents and Restricted Cash	(33		)	(2		)	(202		)	—			(237		)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Year	201			32			877			—			1,110
Cash, Cash Equivalents and Restricted Cash at End of the Year	$	168		$	30		$	675		$	—		$	873



	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 and Loans Incurred	(79		)	—			(292		)	371			—
Capital Redemptions and Loans Paid	76			—			563			(639		)	—
Notes Receivable	—			—			—			—			—
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 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