Net Sales

9 Months Ended

Sep. 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 September 30, 2021
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	2,474	$	1,244	$	530	$	4,248
Other tire and related sales		174		122		25		321
Retail services and service related sales		153		30		15		198
Chemical sales		161		—		—		161
Other		5		1		—		6
Net Sales by reportable segment	$	2,967	$	1,397	$	570	$	4,934

	Three Months Ended September 30, 2020
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	1,443	$	1,051	$	450	$	2,944
Other tire and related sales		149		76		29		254
Retail services and service related sales		146		28		6		180
Chemical sales		80		—		—		80
Other		5		1		1		7
Net Sales by reportable segment	$	1,823	$	1,156	$	486	$	3,465

	Nine Months Ended September 30, 2021
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	5,645	$	3,451	$	1,439	$	10,535
Other tire and related sales		484		315		69		868
Retail services and service related sales		444		87		46		577
Chemical sales		423		—		—		423
Other		14		5		2		21
Net Sales by reportable segment	$	7,010	$	3,858	$	1,556	$	12,424

	Nine Months Ended September 30, 2020
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	3,584	$	2,550	$	1,097	$	7,231
Other tire and related sales		409		211		75		695
Retail services and service related sales		407		63		34		504
Chemical sales		220		—		—		220
Other		10		3		2		15
Net Sales by reportable segment	$	4,630	$	2,827	$	1,208	$	8,665

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 $26 million and $23 million at September 30, 2021 and December 31, 2020, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $19 million and $27 million at September 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 nine months ended September 30, 2021:

(In millions)
Balance at December 31, 2020	$	50
Revenue deferred during period		118
Revenue recognized during period		(123	)
Impact of foreign currency translation		—
Balance at September 30, 2021	$	45