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Net Sales (Tables)
9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregated Net Sales From Contracts with Customers

The following tables show disaggregated net sales from contracts with customers by major source:

 

 

Three Months Ended September 30, 2023

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

2,616

 

 

$

1,228

 

 

$

616

 

 

$

4,460

 

Other tire and related sales

 

 

204

 

 

 

112

 

 

 

20

 

 

 

336

 

Retail services and service related sales

 

 

182

 

 

 

34

 

 

 

10

 

 

 

226

 

Chemical sales

 

 

110

 

 

 

 

 

 

 

 

 

110

 

Other

 

 

8

 

 

 

 

 

 

2

 

 

 

10

 

Net Sales by reportable segment

 

$

3,120

 

 

$

1,374

 

 

$

648

 

 

$

5,142

 

 

 

 

Three Months Ended September 30, 2022

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

2,733

 

 

$

1,171

 

 

$

609

 

 

$

4,513

 

Other tire and related sales

 

 

199

 

 

 

155

 

 

 

26

 

 

 

380

 

Retail services and service related sales

 

 

177

 

 

 

32

 

 

 

13

 

 

 

222

 

Chemical sales

 

 

187

 

 

 

 

 

 

 

 

 

187

 

Other

 

 

8

 

 

 

 

 

 

1

 

 

 

9

 

Net Sales by reportable segment

 

$

3,304

 

 

$

1,358

 

 

$

649

 

 

$

5,311

 

 

 

 

Nine Months Ended September 30, 2023

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

7,428

 

 

$

3,715

 

 

$

1,719

 

 

$

12,862

 

Other tire and related sales

 

 

600

 

 

 

395

 

 

 

63

 

 

 

1,058

 

Retail services and service related sales

 

 

516

 

 

 

97

 

 

 

29

 

 

 

642

 

Chemical sales

 

 

366

 

 

 

 

 

 

 

 

 

366

 

Other

 

 

16

 

 

 

 

 

 

6

 

 

 

22

 

Net Sales by reportable segment

 

$

8,926

 

 

$

4,207

 

 

$

1,817

 

 

$

14,950

 

 

 

 

Nine Months Ended September 30, 2022

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

7,792

 

 

$

3,747

 

 

$

1,678

 

 

$

13,217

 

Other tire and related sales

 

 

564

 

 

 

436

 

 

 

67

 

 

 

1,067

 

Retail services and service related sales

 

 

483

 

 

 

98

 

 

 

36

 

 

 

617

 

Chemical sales

 

 

506

 

 

 

 

 

 

 

 

 

506

 

Other

 

 

21

 

 

 

 

 

 

3

 

 

 

24

 

Net Sales by reportable segment

 

$

9,366

 

 

$

4,281

 

 

$

1,784

 

 

$

15,431

 

 

Balance and Changes in Deferred Revenue Related to Contracts with Customers

The following table presents the balance of deferred revenue related to contracts with customers, and changes during the nine months ended September 30, 2023:

 

 

 

 

(In millions)

 

 

 

Balance at December 31, 2022

 

$

34

 

Revenue deferred during period

 

 

148

 

Revenue recognized during period

 

 

(150

)

Impact of foreign currency translation

 

 

 

Balance at September 30, 2023

 

$

32