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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net Income (Loss) $ 89 $ (1,320)
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:    
Depreciation and Amortization 405 472
Amortization and Write-Off of Debt Issuance Costs 9 6
Goodwill and Other Asset Impairments 0 330
Provision for Deferred Income Taxes (Note 6) (66) 58
Net Pension Curtailments and Settlements 19 3
Net Rationalization Charges (Note 4) 68 108
Rationalization Payments (123) (101)
Net (Gains) Losses on Asset Sales (Note 5) 0 2
Operating Lease Expense 143 142
Operating Lease Payments (133) (130)
Pension Contributions and Direct Payments (22) (33)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (545) 36
Inventories (542) 304
Accounts Payable — Trade 547 (860)
Compensation and Benefits 90 (11)
Other Current Liabilities (42) 29
Other Assets and Liabilities (28) 145
Total Cash Flows from Operating Activities (71) (820)
Cash Flows from Investing Activities:    
Acquisition of Cooper Tire, net of cash and restricted cash acquired 1,856 0
Capital Expenditures (385) (363)
Short Term Securities Acquired (57) (30)
Short Term Securities Redeemed 58 46
Notes Receivable (7) (35)
Other Transactions 14 (8)
Total Cash Flows from Investing Activities (2,233) (390)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 522 928
Short Term Debt and Overdrafts Paid (446) (521)
Long Term Debt Incurred 4,855 4,886
Long Term Debt Paid (3,042) (3,879)
Common Stock Issued 9 0
Common Stock Dividends Paid (Note 14) 0 (37)
Transactions with Minority Interests in Subsidiaries (5) 0
Debt Related Costs and Other Transactions (73) (53)
Total Cash Flows from Financing Activities 1,820 1,324
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (6) (50)
Net Change in Cash, Cash Equivalents and Restricted Cash (490) 64
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 1,624 974
Cash, Cash Equivalents and Restricted Cash at End of the Period 1,134 1,038
Cooper Tire [Member]    
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:    
Amortization of Inventory Fair Value Adjustment Related to the Cooper Tire Acquisition 38 $ 0
Transaction and Other Costs Related to the Cooper Tire Acquisition 55  
Cash Payments for Transaction and Other Costs Related to the Cooper Tire Acquisition $ (33)