Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows:

	September 30,
(In millions)	2021		2020
Cash and Cash Equivalents	$	1,187	$	1,057
Restricted Cash(1)		71		72
Total Cash, Cash Equivalents and Restricted Cash	$	1,258	$	1,129

(1) Includes remaining Cooper Tire restricted cash acquired of $26 million at September 30, 2021.

Restricted Cash primarily represents amounts required to be set aside in relation to (i) accounts receivable factoring programs and (ii) change-in-control provisions of certain Cooper Tire compensation plans. The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables or as the compensation payments are made, respectively.