Net Sales

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Net Sales

Note 3. Net Sales

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2022:

(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Tire unit sales	$	10,694	$	4,943	$	2,249	$	17,886
Other tire and related sales		746		582		93		1,421
Retail services and service related sales		645		120		48		813
Chemical sales		654		—		—		654
Other		27		—		4		31
Net Sales by reportable segment	$	12,766	$	5,645	$	2,394	$	20,805

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2021:

(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Tire unit sales	$	8,221	$	4,669	$	2,027	$	14,917
Other tire and related sales		653		454		95		1,202
Retail services and service related sales		587		112		59		758
Chemical sales		569		—		—		569
Other		21		8		3		32
Net Sales by reportable segment	$	10,051	$	5,243	$	2,184	$	17,478

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2020:

(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Tire unit sales(1)	$	5,138	$	3,611	$	1,590	$	10,339
Other tire and related sales		549		309		98		956
Retail services and service related sales		538		95		55		688
Chemical sales		317		—		—		317
Other		14		5		2		21
Net Sales by reportable segment	$	6,556	$	4,020	$	1,745	$	12,321

(1)Americas tire unit sales for 2020 include a gain of $34 million for a one-time legal settlement.

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 $19 million and $23 million at December 31, 2022 and 2021, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $15 million and $21 million at December 31, 2022 and 2021, 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 balances of deferred revenue related to contracts with customers, and changes during the years ended December 31:

(In millions)	2022			2021
Balance at January 1	$	44		$	50
Revenue deferred during period		150			211
Revenue recognized during period		(159	)		(217	)
Impact of foreign currency translation		(1	)		—
Balance at December 31	$	34		$	44