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Earnings Per Share (Tables)
9 Months Ended
Sep. 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In millions, except per share amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Earnings (loss) per share — basic:

 

 

 

 

 

 

 

 

 

 

 

 

Goodyear net income (loss)

 

$

132

 

 

$

(2

)

 

$

211

 

 

$

(1,317

)

Weighted average shares outstanding

 

 

283

 

 

 

234

 

 

 

254

 

 

 

234

 

Earnings (loss) per common share — basic

 

$

0.47

 

 

$

(0.01

)

 

$

0.83

 

 

$

(5.62

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Goodyear net income (loss)

 

$

132

 

 

$

(2

)

 

$

211

 

 

$

(1,317

)

Weighted average shares outstanding

 

 

283

 

 

 

234

 

 

 

254

 

 

 

234

 

Dilutive effect of stock options and other dilutive securities

 

 

3

 

 

 

 

 

 

3

 

 

 

 

Weighted average shares outstanding — diluted

 

 

286

 

 

 

234

 

 

 

257

 

 

 

234

 

Earnings (loss) per common share — diluted

 

$

0.46

 

 

$

(0.01

)

 

$

0.82

 

 

$

(5.62

)