Net Sales

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Net Sales

NOTE 3. NET SALES

The following tables show disaggregated net sales from contracts with customers by major source:

	Three Months Ended June 30, 2021
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	1,777	$	1,085	$	455	$	3,317
Other tire and related sales		170		114		22		306
Retail services and service related sales		155		29		15		199
Chemical sales		149		—		—		149
Other		5		2		1		8
Net Sales by reportable segment	$	2,256	$	1,230	$	493	$	3,979

	Three Months Ended June 30, 2020
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	835	$	595	$	304	$	1,734
Other tire and related sales		118		63		14		195
Retail services and service related sales		128		17		16		161
Chemical sales		49		—		—		49
Other		4		1		—		5
Net Sales by reportable segment	$	1,134	$	676	$	334	$	2,144

	Six Months Ended June 30, 2021
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	3,171	$	2,207	$	909	$	6,287
Other tire and related sales		310		193		44		547
Retail services and service related sales		291		57		31		379
Chemical sales		262		—		—		262
Other		9		4		2		15
Net Sales by reportable segment	$	4,043	$	2,461	$	986	$	7,490

	Six Months Ended June 30, 2020
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	2,141	$	1,499	$	647	$	4,287
Other tire and related sales		260		135		46		441
Retail services and service related sales		261		35		28		324
Chemical sales		140		—		—		140
Other		5		2		1		8
Net Sales by reportable segment	$	2,807	$	1,671	$	722	$	5,200

Tire unit sales consist of consumer, commercial, farm and off-the-road tire sales, including the sale of new Company-branded tires through Company-owned retail channels. Other tire and related sales consist of aviation, race and motorcycle tire sales, retread sales and other tire related sales. Sales of tires in this category are not included in reported tire unit information. Retail services and service related sales consist of automotive services performed for customers through our Company-owned retail channels, and includes service related products. Chemical sales relate to the sale of synthetic rubber and other chemicals to third parties, and exclude intercompany sales. Other sales include items such as franchise fees and ancillary tire parts.

When we receive consideration from a customer prior to transferring goods or services under the terms of a sales contract, we record deferred revenue, which represents a contract liability. Deferred revenue included in Other Current Liabilities in the Consolidated Balance Sheets totaled $24 million and $23 million at June 30, 2021 and December 31, 2020, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $21 million and $27 million at June 30, 2021 and December 31, 2020, respectively. We recognize deferred revenue after we have transferred control of the goods or services to the customer and all revenue recognition criteria are met.

The following table presents the balance of deferred revenue related to contracts with customers, and changes during the six months ended June 30, 2021:

(In millions)
Balance at December 31, 2020	$	50
Revenue deferred during period		71
Revenue recognized during period		(76	)
Impact of foreign currency translation		—
Balance at June 30, 2021	$	45