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Net Sales (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2024

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

2,175

 

 

$

1,093

 

 

$

566

 

 

$

3,834

 

Other tire and related sales

 

 

196

 

 

 

150

 

 

 

23

 

 

 

369

 

Retail services and service related sales

 

 

187

 

 

 

36

 

 

 

3

 

 

 

226

 

Chemical sales

 

 

134

 

 

 

 

 

 

 

 

 

134

 

Other

 

 

5

 

 

 

 

 

 

2

 

 

 

7

 

Net Sales by reportable segment

 

$

2,697

 

 

$

1,279

 

 

$

594

 

 

$

4,570

 

 

 

 

Three Months Ended June 30, 2023

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

2,434

 

 

$

1,159

 

 

$

554

 

 

$

4,147

 

Other tire and related sales

 

 

211

 

 

 

144

 

 

 

22

 

 

 

377

 

Retail services and service related sales

 

 

173

 

 

 

38

 

 

 

9

 

 

 

220

 

Chemical sales

 

 

116

 

 

 

 

 

 

 

 

 

116

 

Other

 

 

5

 

 

 

 

 

 

2

 

 

 

7

 

Net Sales by reportable segment

 

$

2,939

 

 

$

1,341

 

 

$

587

 

 

$

4,867

 

 

 

 

Six Months Ended June 30, 2024

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

4,297

 

 

$

2,279

 

 

$

1,140

 

 

$

7,716

 

Other tire and related sales

 

 

379

 

 

 

282

 

 

 

41

 

 

 

702

 

Retail services and service related sales

 

 

356

 

 

 

65

 

 

 

12

 

 

 

433

 

Chemical sales

 

 

244

 

 

 

 

 

 

 

 

 

244

 

Other

 

 

9

 

 

 

 

 

 

3

 

 

 

12

 

Net Sales by reportable segment

 

$

5,285

 

 

$

2,626

 

 

$

1,196

 

 

$

9,107

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

Europe, Middle East

 

 

 

 

 

 

 

(In millions)

 

Americas

 

 

and Africa

 

 

Asia Pacific

 

 

Total

 

Tire unit sales

 

$

4,812

 

 

$

2,487

 

 

$

1,103

 

 

$

8,402

 

Other tire and related sales

 

 

396

 

 

 

283

 

 

 

43

 

 

 

722

 

Retail services and service related sales

 

 

334

 

 

 

63

 

 

 

19

 

 

 

416

 

Chemical sales

 

 

256

 

 

 

 

 

 

 

 

 

256

 

Other

 

 

8

 

 

 

 

 

 

4

 

 

 

12

 

Net Sales by reportable segment

 

$

5,806

 

 

$

2,833

 

 

$

1,169

 

 

$

9,808

 

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 six months ended June 30, 2024:

 

 

 

 

(In millions)

 

 

 

Balance at December 31, 2023

 

$

28

 

Revenue deferred during period

 

 

101

 

Revenue recognized during period

 

 

(102

)

Impact of foreign currency translation

 

 

 

Balance at June 30, 2024

 

$

27