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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents (Note 1) $ 902 $ 1,227
Accounts Receivable (Note 10) 2,731 2,610
Inventories (Note 11) 3,698 4,571
Prepaid Expenses and Other Current Assets 319 257
Total Current Assets 7,650 8,665
Goodwill (Note 12) 781 1,014
Intangible Assets (Note 12) 969 1,004
Deferred Income Taxes (Note 7) 1,630 1,443
Other Assets (Note 13) 1,075 1,035
Operating Lease Right-of-Use Assets (Note 15) 985 976
Property, Plant and Equipment (Note 14) 8,492 8,294
Total Assets 21,582 22,431
Current Liabilities:    
Accounts Payable — Trade 4,326 4,803
Compensation and Benefits (Notes 18 and 19) 663 643
Other Current Liabilities 1,165 872
Notes Payable and Overdrafts (Note 16) 344 395
Operating Lease Liabilities due Within One Year (Note 15) 200 199
Long Term Debt and Finance Leases due Within One Year (Notes 15 and 16) 449 228
Total Current Liabilities 7,147 7,140
Operating Lease Liabilities (Note 15) 825 821
Long Term Debt and Finance Leases (Notes 15 and 16) 6,831 7,267
Compensation and Benefits (Notes 18 and 19) 974 998
Deferred Income Taxes (Note 7) 83 134
Other Long Term Liabilities 885 605
Total Liabilities 16,745 16,965
Commitments and Contingent Liabilities (Note 20)
Goodyear Shareholders’ Equity:    
Common Stock, no par value: Authorized, 450 million shares, Outstanding shares - 284 million (283 million in 2022) 284 283
Capital Surplus 3,133 3,117
Retained Earnings 5,086 5,775
Accumulated Other Comprehensive Loss (Note 22) (3,835) (3,875)
Goodyear Shareholders’ Equity 4,668 5,300
Minority Shareholders’ Equity — Nonredeemable 169 166
Total Shareholders’ Equity 4,837 5,466
Total Liabilities and Shareholders’ Equity $ 21,582 $ 22,431