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Net Sales (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregated Net Sales From Contracts with Customers

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.
Balance and Changes in Deferred Revenue Related to Contracts with Customers

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