Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Accumulated Other Comprehensive Loss

NOTE 14. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present changes in AOCL, by component, for the six months ended June 30, 2024 and 2023, after tax and minority interest.

(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) from Securities		Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)		Total
Balance at December 31, 2023	$	(1,613	)	$	1	$	(2,224	)	$	1	$	(3,835	)
Other comprehensive income (loss) before reclassifications		(55	)		—		10			—		(45	)
Amounts reclassified from accumulated other comprehensive loss		—			—		37			1		38
Balance at June 30, 2024	$	(1,668	)	$	1	$	(2,177	)	$	2	$	(3,842	)

(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) from Securities		Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2022	$	(1,663	)	$	1	$	(2,215	)	$	2		$	(3,875	)
Other comprehensive income (loss) before reclassifications		31			—		11			(4	)		38
Amounts reclassified from accumulated other comprehensive loss		—			—		69			—			69
Balance at June 30, 2023	$	(1,632	)	$	1	$	(2,135	)	$	(2	)	$	(3,768	)

The following table presents reclassifications out of AOCL:

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
(In millions) (Income) Expense	Amount Reclassified						Amount Reclassified						Affected Line Item in the Consolidated
Component of AOCL	from AOCL						from AOCL						Statements of Operations
Amortization of prior service cost and unrecognized gains and losses	$	26		$	26		$	54		$	54		Other (Income) Expense
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures		—			36			(5	)		36		Other (Income) Expense / Rationalizations
Unrecognized net actuarial losses and prior service costs, before tax		26			62			49			90
Tax effect		(6	)		(14	)		(12	)		(21	)	United States and Foreign Taxes
Net of tax	$	20		$	48		$	37		$	69		Goodyear Net Income (Loss)
Deferred derivative (gains) losses, before tax	$	—		$	—		$	1		$	—		Cost of Goods Sold
Tax effect		—			—			—			—		United States and Foreign Taxes
Net of tax	$	—		$	—		$	1		$	—		Goodyear Net Income (Loss)
Total reclassifications	$	20		$	48		$	38		$	69		Goodyear Net Income (Loss)

The following table presents the details of comprehensive income (loss) attributable to minority shareholders:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions)	2024			2023			2024			2023
Net Income (Loss) Attributable to Minority Shareholders	$	(5	)	$	—		$	(6	)	$	2
Other Comprehensive Income (Loss):
Foreign currency translation		(1	)		(1	)		(4	)		2
Other Comprehensive Income (Loss)	$	(1	)	$	(1	)	$	(4	)	$	2
Comprehensive Income (Loss) Attributable to Minority Shareholders	$	(6	)	$	(1	)	$	(10	)	$	4