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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 1,030 $ 1,539
Accounts Receivable, less Allowance — $144 ($150 in 2020) 2,819 1,691
Inventories:    
Raw Materials 782 517
Work in Process 174 143
Finished Products 2,358 1,493
Inventories 3,314 2,153
Prepaid Expenses and Other Current Assets 356 237
Total Current Assets 7,519 5,620
Goodwill 874 408
Intangible Assets 1,216 135
Deferred Income Taxes 1,170 1,467
Other Assets 1,079 952
Operating Lease Right-of-Use Assets 1,025 851
Property, Plant and Equipment, less Accumulated Depreciation - $11,192 ($10,991 in 2020) 8,297 7,073
Total Assets 21,180 16,506
Current Liabilities:    
Accounts Payable — Trade 3,858 2,945
Compensation and Benefits 687 540
Other Current Liabilities 849 865
Notes Payable and Overdrafts 459 406
Operating Lease Liabilities due Within One Year 215 198
Long Term Debt and Finance Leases due Within One Year 535 152
Total Current Liabilities 6,603 5,106
Operating Lease Liabilities 843 684
Long Term Debt and Finance Leases 6,978 5,432
Compensation and Benefits 1,677 1,470
Deferred Income Taxes 97 84
Other Long Term Liabilities 571 471
Total Liabilities 16,769 13,247
Commitments and Contingent Liabilities
Common Stock, no par value:    
Authorized, 450 million shares, Outstanding shares - 281 million in 2021 (233 million in 2020) 281 233
Capital Surplus 3,086 2,171
Retained Earnings 4,888 4,809
Accumulated Other Comprehensive Loss (4,043) (4,135)
Goodyear Shareholders’ Equity 4,212 3,078
Minority Shareholders’ Equity — Nonredeemable 199 181
Total Shareholders’ Equity 4,411 3,259
Total Liabilities and Shareholders’ Equity $ 21,180 $ 16,506