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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 1,082 $ 1,227
Accounts Receivable, less Allowance $104 ($112 in 2022) 3,244 2,610
Inventories:    
Raw Materials 1,053 1,191
Work in Process 236 187
Finished Products 3,264 3,193
Inventories 4,553 4,571
Prepaid Expenses and Other Current Assets 334 257
Total Current Assets 9,213 8,665
Goodwill 1,019 1,014
Intangible Assets 995 1,004
Deferred Income Taxes (Note 5) 1,497 1,443
Other Assets 1,148 1,035
Operating Lease Right-of-Use Assets 973 976
Property, Plant and Equipment, less Accumulated Depreciation $11,756 ($11,377 in 2022) 8,326 8,294
Total Assets 23,171 22,431
Current Liabilities:    
Accounts Payable — Trade 4,452 4,803
Compensation and Benefits (Notes 10 and 11) 602 643
Other Current Liabilities 923 872
Notes Payable and Overdrafts (Note 8) 517 395
Operating Lease Liabilities due Within One Year 200 199
Long Term Debt and Finance Leases due Within One Year (Note 8) 290 228
Total Current Liabilities 6,984 7,140
Operating Lease Liabilities 817 821
Long Term Debt and Finance Leases (Note 8) 8,204 7,267
Compensation and Benefits (Notes 10 and 11) 978 998
Deferred Income Taxes (Note 5) 124 134
Other Long Term Liabilities 640 605
Total Liabilities 17,747 16,965
Commitments and Contingent Liabilities (Note 12)
Goodyear Shareholders’ Equity:    
Common Stock, no par value: Authorized, 450 million shares, Outstanding shares 283 million in 2023 and 2022 283 283
Capital Surplus 3,120 3,117
Retained Earnings 5,674 5,775
Accumulated Other Comprehensive Loss (Note 14) (3,824) (3,875)
Goodyear Shareholders’ Equity 5,253 5,300
Minority Shareholders’ Equity — Nonredeemable 171 166
Total Shareholders’ Equity 5,424 5,466
Total Liabilities and Shareholders’ Equity $ 23,171 $ 22,431