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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 1,049 $ 1,227
Accounts Receivable, less Allowance -$104 ($112 in 2022) 3,033 2,610
Inventories:    
Raw Materials 918 1,191
Work in Process 231 187
Finished Products 3,211 3,193
Inventories 4,360 4,571
Prepaid Expenses and Other Current Assets 416 257
Total Current Assets 8,858 8,665
Goodwill 1,018 1,014
Intangible Assets 983 1,004
Deferred Income Taxes (Note 5) 1,517 1,443
Other Assets 1,161 1,035
Operating Lease Right-of-Use Assets 980 976
Property, Plant and Equipment, less Accumulated Depreciation -$11,857 ($11,377 in 2022) 8,297 8,294
Total Assets 22,814 22,431
Current Liabilities:    
Accounts Payable — Trade 4,361 4,803
Compensation and Benefits (Notes 10 and 11) 611 643
Other Current Liabilities 982 872
Notes Payable and Overdrafts (Note 8) 539 395
Operating Lease Liabilities due Within One Year 203 199
Long Term Debt and Finance Leases due Within One Year (Note 8) 244 228
Total Current Liabilities 6,940 7,140
Operating Lease Liabilities 821 821
Long Term Debt and Finance Leases (Note 8) 8,027 7,267
Compensation and Benefits (Notes 10 and 11) 985 998
Deferred Income Taxes (Note 5) 115 134
Other Long Term Liabilities 653 605
Total Liabilities 17,541 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 3,124 3,117
Retained Earnings 5,466 5,775
Accumulated Other Comprehensive Loss (Note 14) (3,768) (3,875)
Goodyear Shareholders’ Equity 5,105 5,300
Minority Shareholders’ Equity — Nonredeemable 168 166
Total Shareholders’ Equity 5,273 5,466
Total Liabilities and Shareholders’ Equity $ 22,814 $ 22,431