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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net Income (Loss) $ (687) $ 209 $ 780
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:      
Depreciation and Amortization 1,001 964 883
Amortization and Write-Off of Debt Issuance Costs 15 15 14
Amortization of Inventory Fair Value Adjustment Related to the Cooper Tire Acquisition (Note 2) 0 0 110
Transaction and Other Costs Related to the Cooper Tire Acquisition (Note 2) 0 0 56
Cash Payments for Transaction and Other Costs Related to the Cooper Tire Acquisition 0 (2) (42)
Goodwill Impairment (Notes 12 ) 230 0 0
Provision for Deferred Income Taxes (Note 7) (230) 28 (471)
Net Pension Curtailments and Settlements (Note 18) 40 124 43
Net Rationalization Charges (Note 4) 502 129 93
Rationalization Payments (99) (95) (197)
Net (Gains) Losses on Asset Sales (104) (122) (20)
Operating Lease Expense (Note 15) 302 300 295
Operating Lease Payments (Note 15) (278) (276) (278)
Pension Contributions and Direct Payments (54) (60) (91)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:      
Accounts Receivable (59) (333) (300)
Inventories 908 (1,042) (982)
Accounts Payable — Trade (550) 686 923
Compensation and Benefits 48 (107) 64
Other Current Liabilities 158 (1) (11)
Other Assets and Liabilities (111) 104 193
Total Cash Flows from Operating Activities 1,032 521 1,062
Cash Flows from Investing Activities:      
Acquisition of Cooper Tire, net of cash and restricted cash acquired (Note 2) 0 0 (1,856)
Capital Expenditures (1,050) (1,061) (981)
Cash Proceeds from Sale and Leaseback Transactions (Note 6) 99 108 0
Asset Dispositions 16 52 14
Short Term Securities Acquired (97) (75) (118)
Short Term Securities Redeemed 94 107 125
Long Term Securities Acquired (11) 0 0
Long Term Securities Redeemed 6 0 0
Notes Receivable (79) (16) 16
Other Transactions (13) (29) 7
Total Cash Flows from Investing Activities (1,035) (914) (2,793)
Cash Flows from Financing Activities:      
Short Term Debt and Overdrafts Incurred 954 1,321 1,095
Short Term Debt and Overdrafts Paid (1,009) (1,295) (1,047)
Long Term Debt Incurred 9,932 10,503 9,862
Long Term Debt Paid (10,220) (9,947) (8,504)
Common Stock Issued (2) (6) 9
Transactions with Minority Interests in Subsidiaries (3) (9) (13)
Debt Related Costs and Other Transactions 15 8 (93)
Total Cash Flows from Financing Activities (333) 575 1,309
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 10 (35) (38)
Net Change in Cash, Cash Equivalents and Restricted Cash (326) 147 (460)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 1,311 1,164 1,624
Cash, Cash Equivalents and Restricted Cash at End of the Period $ 985 $ 1,311 $ 1,164