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Net Sales (Tables)
3 Months Ended
Mar. 31, 2024
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 March 31, 2024

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

2,122

 

 

$

1,186

 

 

$

574

 

 

$

3,882

 

Other tire and related sales

 

 

183

 

 

 

132

 

 

 

18

 

 

 

333

 

Retail services and service related sales

 

 

169

 

 

 

29

 

 

 

9

 

 

 

207

 

Chemical sales

 

 

110

 

 

 

 

 

 

 

 

 

110

 

Other

 

 

4

 

 

 

 

 

 

1

 

 

 

5

 

Net Sales by reportable segment

 

$

2,588

 

 

$

1,347

 

 

$

602

 

 

$

4,537

 

 

 

 

Three Months Ended March 31, 2023

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

2,386

 

 

$

1,328

 

 

$

549

 

 

$

4,263

 

Other tire and related sales

 

 

177

 

 

 

139

 

 

 

21

 

 

 

337

 

Retail services and service related sales

 

 

160

 

 

 

25

 

 

 

10

 

 

 

195

 

Chemical sales

 

 

140

 

 

 

 

 

 

 

 

 

140

 

Other

 

 

4

 

 

 

 

 

 

2

 

 

 

6

 

Net Sales by reportable segment

 

$

2,867

 

 

$

1,492

 

 

$

582

 

 

$

4,941

 

 

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 three months ended March 31, 2024:

 

 

 

 

(In millions)

 

 

 

Balance at December 31, 2023

 

$

28

 

Revenue deferred during period

 

 

54

 

Revenue recognized during period

 

 

(54

)

Impact of foreign currency translation

 

 

 

Balance at March 31, 2024

 

$

28