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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 1,248 $ 1,088
Accounts Receivable, less Allowance 3,306 2,387
Inventories:    
Raw Materials 1,119 958
Work in Process 208 191
Finished Products 3,062 2,445
Inventories 4,389 3,594
Prepaid Expenses and Other Current Assets 280 262
Total Current Assets 9,223 7,331
Goodwill 995 1,004
Intangible Assets 1,023 1,039
Deferred Income Taxes (Note 6) 1,512 1,596
Other Assets 1,099 1,106
Operating Lease Right-of-Use Assets 1,008 981
Property, Plant and Equipment, less Accumulated Depreciation 8,041 8,345
Total Assets 22,901 21,402
Current Liabilities:    
Accounts Payable — Trade 4,593 4,148
Compensation and Benefits (Notes 11 and 12) 657 689
Other Current Liabilities 830 822
Notes Payable and Overdrafts (Note 9) 519 406
Operating Lease Liabilities due Within One Year 206 204
Long Term Debt and Finance Leases due Within One Year (Note 9) 316 343
Total Current Liabilities 7,121 6,612
Operating Lease Liabilities 844 819
Long Term Debt and Finance Leases (Note 9) 7,569 6,648
Compensation and Benefits (Notes 11 and 12) 1,293 1,445
Deferred Income Taxes (Note 6) 134 135
Other Long Term Liabilities 593 559
Total Liabilities 17,554 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 3,114 3,107
Retained Earnings 5,835 5,573
Accumulated Other Comprehensive Loss (4,057) (3,963)
Goodyear Shareholders’ Equity 5,174 4,999
Minority Shareholders’ Equity — Nonredeemable 173 185
Total Shareholders’ Equity 5,347 5,184
Total Liabilities and Shareholders’ Equity $ 22,901 $ 21,402