8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 4, 2005

THE GOODYEAR TIRE & RUBBER COMPANY

(Exact name of registrant as specified in its charter)

Ohio	1-1927	34-0253240
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
1144 East Market Street, Akron, Ohio		44316-0001
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (330) 796-2121

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

     A copy of the news release issued by The Goodyear Tire & Rubber Company on Thursday, August 4, 2005, describing its results of operations for the second quarter and first six months of 2005 is attached hereto as Exhibit 99.1.

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	THE GOODYEAR TIRE & RUBBER COMPANY
Date: August 5, 2005	By	/s/ Richard J. Kramer
		Richard J. Kramer  Executive Vice President and  Chief Financial Officer

Exhibit Index

99.1   News Release dated August 4, 2005.

EX-99.1

EXHIBIT 99.1

MEDIA CONTACT: Tricia Ingraham
330-796-8517

ANALYST CONTACT: Barb Gould
330-796-8576

FOR IMMEDIATE RELEASE

Goodyear Sets Sales Record, Net Income Doubles in 2005 Second Quarter

• Net income $69 million, 34 cents per share

• Segment operating income increases 24 percent to $316 million

• Record global sales of $5 billion, up 10 percent

• Five business units set sales records

     AKRON, Ohio, August 4, 2005 — The Goodyear Tire & Rubber Company today reported net income of $69 million (34 cents per share) for the second quarter of 2005, reflecting record sales and increased unit volume. In the second quarter of 2004, the company had net income of $30 million (17 cents per share). All per share amounts are diluted.

     Sales of $5 billion were a record for any quarter, and a 10 percent increase from $4.5 billion during the 2004 period. The increase reflects improved pricing, product mix and volume, as well as the favorable impact of currency translation.

     Tire unit volume in the second quarter of 2005 was 56.4 million units, up from 55.0 million units in the 2004 period. Volume increases were driven by gains in the European, Latin American and Asia/Pacific markets.

     “Five of our businesses had record second quarter sales, and margins improved in our North American and European Union tire businesses,” said Robert J. Keegan, Goodyear chairman and chief executive officer. “This success is further evidence that our strategies are working, and that our unwavering focus on key products, customers and markets is paying off. We continue to gain share in targeted markets,” he said.

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     “We have been successful in offsetting the impact of record high raw material costs through strategic pricing actions and by driving product mix enhancement. We will continue to concentrate on these areas to address the inevitable raw material cost increases that we expect in the second half of 2005,” Keegan added.

     Raw material costs increased by approximately $133 million during the quarter, compared to a year ago. The company said it expects raw material costs to grow by approximately 10 percent for the full year of 2005 compared to 2004.

     The company estimates the effects of currency translation had a positive net impact on 2005 second quarter sales of approximately $108 million.

     The second quarter of 2005 includes net after-tax charges of $47 million (23 cents per share) related to financing fees, and $7 million (3 cents per share) primarily related to the settlement of prior-years tax liabilities. The quarter also included after-tax gains of $19 million (9 cents per share) from a previously disclosed environmental insurance settlement, $6 million (2 cents per share) related to fire loss recoveries, $5 million (2 cents per share) in net rationalization reversals, and $8 million (4 cents per share) related to general and product liability — discontinued products.

     The second quarter of 2005 also included $8 million (4 cents per share) in after-tax expense relating to prior periods.

     The 2004 second quarter included after-tax rationalization charges of $9 million (5 cents per share) and an after-tax charge of $9 million (5 cents per share) related to external professional fees associated with the previously disclosed accounting investigation, and

     $8 million (5 cents per share) related to general and product liability — discontinued products.

     The company anticipates continued year-over-year gains in operating performance during the second half of 2005, however the rate of those gains is expected to be less than they were in the first half.

Business Segments

     Second quarter total segment operating income was $316 million, an increase of 24 percent compared to $254 million in the 2004 period. All of Goodyear’s tire businesses reported higher segment operating income compared to the year-ago period.

     See the note at the end of this release for further explanation and a reconciliation table.

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North American Tire	Second Quarter						Six Months
(in millions)	2005			2004			2005			2004
Tire Units		25.3			25.7			50.6			50.4
Sales	$	2,296		$	2,171		$	4,434		$	4,109
Segment Operating Income		55			41			66			17
Segment Operating Margin		2.4	%		1.9	%		1.5	%		0.4	%

     North American Tire sales reached a record for any quarter, increasing 6 percent compared to the 2004 period. The increase was driven by improved pricing and product mix, and higher volume in the consumer replacement and commercial original equipment markets. These increases were offset by an 8 percent decrease in shipments to consumer OE customers, reflecting a slowdown in the U.S. automotive industry and Goodyear’s selective fitment strategy in this market.

     Second quarter segment operating income increased 34 percent compared to the 2004 period due to improved pricing and product mix, lower manufacturing costs and higher chemical and off-highway sales partially offset by higher raw material costs of approximately $75 million.

European Union Tire	Second Quarter						Six Months
(in millions)	2005			2004			2005			2004
Tire Units		15.9			15.4			31.9			31.7
Sales	$	1,178		$	1,060		$	2,376		$	2,171
Segment Operating Income		85			57			192			127
Segment Operating Margin		7.2	%		5.4	%		8.1	%		5.8	%

     European Union Tire sales were a second quarter record and increased 11 percent over the 2004 quarter as a result of strong price and product mix, volume increases driven by the consumer replacement and commercial OE markets, and a favorable impact from currency translation of approximately $26 million.

     Segment operating income increased 49 percent to a second quarter record primarily due to improved pricing and product mix, which offset higher raw material costs of approximately $11 million compared to the year-ago period.

Eastern Europe, Middle	Second Quarter						Six Months
East, Africa Tire
(in millions)	2005			2004			2005			2004
Tire Units		4.7			4.5			9.5			9.2
Sales	$	342		$	301		$	682		$	584
Segment Operating Income		49			45			96			88
Segment Operating Margin		14.3	%		15.0	%		14.1	%		15.1	%

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     Eastern Europe, Middle East and Africa Tire’s sales were up 14 percent and a second quarter record. The increase resulted from the favorable impact of currency translation, estimated at $12 million, improved volume, and price and product mix related to growth in replacement markets, price increases in emerging markets and continued growth in premium brands.

     Segment operating income improved 9 percent, reaching a second-quarter record due to improved pricing and product mix, foreign currency translation of approximately $7 million, and strong volume. Higher raw material costs of approximately $7 million had a negative impact on results.

Latin American Tire	Second Quarter						Six Months
(in millions)	2005			2004			2005			2004
Tire Units		5.4			4.7			10.4			9.6
Sales	$	381		$	291		$	729		$	594
Segment Operating Income		77			61			164			123
Segment Operating Margin		20.2	%		21.0	%		22.5	%		20.7	%

     Latin American Tire sales increased 31 percent from the second quarter of 2004 due to higher volume, price increases and improved product mix, as well as the favorable impact of currency translation of approximately $37 million. Sales were the highest for any second quarter in the last seven years.

     Segment operating income was a second quarter record, and a 26 percent increase from 2004 due to improved pricing and product mix, volume and approximately $15 million in favorable currency translation, resulting from certain currency revaluations. Higher raw material costs of approximately $20 million had a negative impact on segment operating income.

Asia/Pacific Tire	Second Quarter						Six Months
(in millions)	2005			2004			2005			2004
Tire Units		5.1			4.7			9.9			9.8
Sales	$	368		$	328		$	709		$	651
Segment Operating Income		20			17			39			25
Segment Operating Margin		5.4	%		5.2	%		5.5	%		3.8	%

     Asia/Pacific Tire sales were a record for any quarter and 12 percent higher than the 2004 quarter due primarily to favorable currency translation of approximately $21 million, and higher volume, particularly in OE markets.

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     Segment operating income increased 18 percent in the 2005 quarter, reaching a record for any quarter due to improved pricing and product mix, which partially offset raw material cost increases of $13 million.

Engineered Products	Second Quarter						Six Months
(in millions)	2005			2004			2005			2004
Sales	$	427		$	368		$	829		$	712
Segment Operating Income		30			33			51			55
Segment Operating Margin		7.0	%		9.0	%		6.2	%		7.7	%

     Engineered Products’ sales in the second quarter of 2005 were a record for any quarter and increased 16 percent compared to the 2004 period as a result of higher volume, mainly in the industrial channel, and the favorable effect of currency translation of approximately $11 million.

     Segment operating income decreased 9 percent due primarily to higher raw material costs of approximately $6 million, and higher administrative and manufacturing costs.

Year-to-Date Results

     Sales for the first six months of 2005 were a record $9.8 billion, an increase of 11 percent from $8.8 billion in the 2004 period. Tire unit volume was 112.3 million units, up from 110.7 million units a year ago.

     Net income for the first six months of 2005 was $137 million (69 cents per share), compared to a loss of $48 million (28 cents per share) during the year-ago period.

     Total segment operating income was $608 million in the first half of 2005, an increase of 40 percent from $435 million in the first six months of 2004.

     First-half 2005 raw material costs increased approximately $252 million compared to the year-ago period.

     In addition to the items listed for the second quarter, the first six months of 2005 includes net after-tax gains of $7 million (3 cents per share) from reversals of rationalization charges, and net after-tax charges of $12 million (6 cents per share) related to general and product liability — discontinued products.

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     In addition to items listed for the second quarter of 2004, the first six months of that year also included the following after-tax items: a rationalization charge of $20 million (11 cents per share); a charge of $15 million (9 cents per share) related to external professional fees associated with the previously disclosed accounting investigation; an expense of $12 million (7 cents per share) relating primarily to a fire at a European tire manufacturing facility and $4 million (2 cents per share) for accelerated depreciation primarily related to the closure of a Latin American tire manufacturing facility.

Conference Call

     Goodyear will hold an investor conference call at 8:30 a.m. EDT Friday, August 5. Prior to the commencement of the call, the company will post the financial and other statistical information that will be presented on its investor relations Web site: investor.goodyear.com.

     Participating in the conference call with Keegan will be Richard J. Kramer, executive vice president and chief financial officer.

     Shareholders, members of the media and other interested persons may access the conference call on the Web site or via telephone by calling (706) 634-5954 before 8:25 a.m. A taped replay of the conference call will be available at 10:15 a.m. Friday by calling (706) 645-9291. The call replay will also remain available on the Web site.

     Goodyear is the world’s largest tire company. The company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries around the world. Goodyear employs about 80,000 people worldwide.

     Certain information contained in this press release may constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements. Factors that may cause actual results to differ materially from those indicated by such forward-looking statements are discussed in the company’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2004 and Form 10-Q for the quarter ended June 30, 2005. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

(financial statements follow)

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The Goodyear Tire & Rubber Company and Subsidiaries
Consolidated Statement of Income (Loss)

	(unaudited)
(In millions, except per share)	Second Quarter					Six Months
	Ended June 30					Ended June 30
	2005			2004		2005			2004
Net Sales	$	4,992		$	4,519	$	9,759		$	8,821
Cost of Goods Sold		3,945			3,590		7,764			7,066
Selling, Administrative and General Expense		746			693		1,432			1,376
Rationalizations		(5	)		10		(13	)		34
Interest Expense		101			89		203			173
Other (Income) and Expense		18			29		30			79
Minority Interest in Net Income of Subsidiaries		33			19		54			25
Income before Income Taxes		154			89		289			68
United States and Foreign Taxes on Income		85			59		152			116
Net Income (Loss)	$	69		$	30	$	137		$	(48	)
Net Income (Loss) Per Share of Common Stock — Basic	$	0.39		$	0.17	$	0.78		$	(0.28	)
Average Shares Outstanding		176			175		176			175
Net Income (Loss) Per Share of Common Stock — Diluted	$	0.34		$	0.17	$	0.69		$	(0.28	)
Average Shares Outstanding		208			177		208			175

Note: The increase in weighted average shares-diluted in 2005 compared to 2004 reflects the implementation of Emerging Issues Task Force Issue No. 04-08 in the fourth quarter of 2004, which required the inclusion of 29 million of contingently issuable shares under the company’s 4 percent Convertible Senior Notes due 2034.

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The Goodyear Tire & Rubber Company and Subsidiaries
Consolidated Balance Sheets

	(unaudited)
(In millions)	June 30			Dec. 31
	2005			2004
Assets
Current Assets:
Cash and Cash Equivalents	$	1,621		$	1,968
Restricted Cash		219			152
Accounts and Notes Receivable, less allowance — $134 ($144 in 2004)		3,516			3,408
Inventories		2,920			2,785
Prepaid Expenses and Other Current Assets		339			300
Total Current Assets		8,615			8,613
Other Assets		509			669
Goodwill		666			720
Other Intangible Assets		154			163
Deferred Income Taxes		83			83
Deferred Pension Cost		823			830
Properties and Plants, less Accumulated Depreciation — $7,847 ($7,836 in 2004)		5,159			5,455
Total Assets	$	16,009		$	16,533
Liabilities
Current Liabilities:
Accounts Payable — Trade	$	1,850		$	1,970
Compensation and Benefits		1,080			1,029
Other Current Liabilities		458			589
United States and Foreign Taxes		281			271
Notes Payable		265			221
Long Term Debt and Capital Leases due within One Year		202			1,010
Total Current Liabilities		4,136			5,090
Long Term Debt and Capital Leases		5,033			4,449
Compensation and Benefits		4,969			5,036
Deferred and Other Noncurrent Income Taxes		394			406
Other Long Term Liabilities		616			633
Minority Equity in Subsidiaries		816			846
Total Liabilities		15,964			16,460
Commitments and Contingent Liabilities
Shareholders’ Equity
Preferred Stock, no par value:
Authorized 50 shares, unissued		—			—
Common Stock, no par value:
Authorized 300 shares, Outstanding Shares – 176 (176 in 2004) after Deducting 20 Treasury Shares (20 in 2004)		176			176
Capital Surplus		1,395			1,392
Retained Earnings		1,207			1,070
Accumulated Other Comprehensive Income (Loss)		(2,733	)		(2,565	)
Total Shareholders’ Equity		45			73
Total Liabilities and Shareholders’ Equity	$	16,009		$	16,533

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The Goodyear Tire & Rubber Company and Subsidiaries
Total Segment Operating Income Reconciliation Table

	(unaudited)
(In millions)	Second Quarter						Six Months
	Ended June 30						Ended June 30
	2005			2004			2005			2004
Total Segment Operating Income	$	316		$	254		$	608		$	435
Rationalizations and Asset Sales		5			(8	)		26			(29	)
Interest Expense		(101	)		(89	)		(203	)		(173	)
Foreign Currency Exchange		(5	)		2			(11	)		(4	)
Minority Interest in Net Income of Subsidiaries		(33	)		(19	)		(54	)		(25	)
Financing Fees and Financial Instruments		(63	)		(28	)		(89	)		(61	)
General and Product Liability — Discontinued Products		8			(8	)		(4	)		(17	)
Recovery (Expenses) for Fire Loss Deductible		12			—			14			(12	)
Professional Fees Associated with the Restatement		(1	)		(9	)		(2	)		(24	)
Environmental Insurance Recoveries		19			—			20			—
Other		(3	)		(6	)		(16	)		(22	)
Income before Income Taxes		154			89			289			68
United States and Foreign Taxes on Income		(85	)		(59	)		(152	)		(116	)
Net Income (Loss)	$	69		$	30		$	137		$	(48	)

Management believes that total segment operating income is useful because it represents the aggregate value of income created by the company’s strategic business units (“SBUs”) and excludes items not directly related to the SBUs for internal performance evaluation purposes. Total segment operating income is the sum of the individual SBU’s segment operating income as determined in accordance with Statement of Financial Accounting Standards No. 131, “Disclosures about Segments of an Enterprise and Related Information.”