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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 1,053 $ 1,088
Accounts Receivable, less Allowance 3,220 2,387
Inventories:    
Raw Materials 1,032 958
Work in Process 211 191
Finished Products 2,783 2,445
Inventories 4,026 3,594
Prepaid Expenses and Other Current Assets 264 262
Total Current Assets 8,563 7,331
Goodwill 1,006 1,004
Intangible Assets 1,034 1,039
Deferred Income Taxes (Note 6) 1,581 1,596
Other Assets 1,159 1,106
Operating Lease Right-of-Use Assets 988 981
Property, Plant and Equipment, less Accumulated Depreciation 8,291 8,345
Total Assets 22,622 21,402
Current Liabilities:    
Accounts Payable — Trade 4,339 4,148
Compensation and Benefits (Notes 11 and 12) 644 689
Other Current Liabilities 836 822
Notes Payable and Overdrafts (Note 9) 570 406
Operating Lease Liabilities due Within One Year 206 204
Long Term Debt and Finance Leases due Within One Year (Note 9) 350 343
Total Current Liabilities 6,945 6,612
Operating Lease Liabilities 825 819
Long Term Debt and Finance Leases (Note 9) 7,450 6,648
Compensation and Benefits (Notes 11 and 12) 1,375 1,445
Deferred Income Taxes (Note 6) 137 135
Other Long Term Liabilities 568 559
Total Liabilities 17,300 16,218
Commitments and Contingent Liabilities (Note 13)
Common Stock, no par value:    
Authorized, 450 million shares, Outstanding shares - 282 million in 2022 and 2021 282 282
Capital Surplus 3,109 3,107
Retained Earnings 5,669 5,573
Accumulated Other Comprehensive Loss (3,915) (3,963)
Goodyear Shareholders’ Equity 5,145 4,999
Minority Shareholders’ Equity — Nonredeemable 177 185
Total Shareholders’ Equity 5,322 5,184
Total Liabilities and Shareholders’ Equity $ 22,622 $ 21,402