Business Segments

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Business Segments

NOTE 7. BUSINESS SEGMENTS

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions)	2024			2023			2024			2023
Sales:
Americas	$	2,697		$	2,939		$	5,285		$	5,806
Europe, Middle East and Africa		1,279			1,341			2,626			2,833
Asia Pacific		594			587			1,196			1,169
Net Sales	$	4,570		$	4,867		$	9,107		$	9,808
Segment Operating Income:
Americas	$	241		$	103		$	420		$	182
Europe, Middle East and Africa		35			(19	)		43			(11	)
Asia Pacific		63			40			123			78
Total Segment Operating Income	$	339		$	124		$	586		$	249
Less:
Rationalizations (Note 3)	$	19		$	72		$	41		$	104
Interest expense		130			138			256			265
Other (income) expense (Note 4)		(72	)		36			(42	)		61
Asset write-offs (recoveries), accelerated depreciation, and accelerated lease costs, net (Note 3)		43			11			94			13
Corporate incentive compensation plans		15			21			36			41
Retained expenses of divested operations		3			4			8			8
Other(1)		61			52			105			67
Income (Loss) before Income Taxes	$	140		$	(210	)	$	88		$	(310	)

(1)Other for the three and six months ended June 30, 2024 includes $40 million and $67 million, respectively, of costs related to the Goodyear Forward plan, primarily related to third-party advisory, legal and consulting fees and costs associated with planned asset sales. Other for the three and six months ended June 30, 2023 includes $14 million related to the insurance deductible for the severe weather event in Tupelo, Mississippi.

Rationalizations and asset write-offs (recoveries), accelerated depreciation, and accelerated lease costs, as described in Note to the Consolidated Financial Statements No. 3, Costs Associated with Rationalization Programs and net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 4, Other (Income) Expense, were not charged to the strategic business units ("SBUs") for performance evaluation purposes but were attributable to the SBUs as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions)	2024			2023			2024			2023
Rationalizations:
Americas	$	11		$	3		$	15		$	8
Europe, Middle East and Africa		3			64			10			88
Asia Pacific		2			—			13			3
Total Segment Rationalizations	$	16		$	67		$	38		$	99
Corporate		3			5			3			5
Total Rationalizations	$	19		$	72		$	41		$	104
Net (Gains) Losses on Asset Sales:
Americas	$	(14	)	$	(60	)	$	(14	)	$	(62	)
Europe, Middle East and Africa		(82	)		—			(80	)		—
Total Segment Net (Gains) Losses on Asset Sales	$	(96	)	$	(60	)	$	(94	)	$	(62	)
Asset Write-offs (Recoveries), Accelerated Depreciation, and Accelerated Lease Costs, net:
Americas	$	2		$	7		$	10		$	15
Europe, Middle East and Africa		17			4			33			(2	)
Asia Pacific		24			—			31			—
Total Segment Asset Write-offs (Recoveries), Accelerated Depreciation, and Accelerated Lease Costs, net	$	43		$	11		$	74		$	13
Corporate		—			—			20			—
Total Asset Write-offs (Recoveries), Accelerated Depreciation, and Accelerated Lease Costs, net	$	43		$	11		$	94		$	13