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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Common Share

Basic and diluted earnings per common share are calculated as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In millions, except per share amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Earnings (loss) per share — basic:

 

 

 

 

 

 

 

 

 

 

 

 

Goodyear net income (loss)

 

$

67

 

 

$

(696

)

 

$

79

 

 

$

(1,315

)

Weighted average shares outstanding

 

 

244

 

 

 

234

 

 

 

239

 

 

 

234

 

Earnings (loss) per common share — basic

 

$

0.27

 

 

$

(2.97

)

 

$

0.33

 

 

$

(5.62

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Goodyear net income (loss)

 

$

67

 

 

$

(696

)

 

$

79

 

 

$

(1,315

)

Weighted average shares outstanding

 

 

244

 

 

 

234

 

 

 

239

 

 

 

234

 

Dilutive effect of stock options and other dilutive securities

 

 

3

 

 

 

 

 

 

3

 

 

 

 

Weighted average shares outstanding — diluted

 

 

247

 

 

 

234

 

 

 

242

 

 

 

234

 

Earnings (loss) per common share — diluted

 

$

0.27

 

 

$

(2.97

)

 

$

0.32

 

 

$

(5.62

)