Net Sales

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Net Sales

NOTE 2. NET SALES

The following tables show disaggregated net sales from contracts with customers by major source:

	Three Months Ended September 30, 2024
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	2,319	$	1,191	$	584	$	4,094
Other tire and related sales		197		125		30		352
Retail services and service related sales		203		32		4		239
Chemical sales		133		—		—		133
Other		6		—		—		6
Net Sales by reportable segment	$	2,858	$	1,348	$	618	$	4,824

	Three Months Ended September 30, 2023
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	2,616	$	1,228	$	616	$	4,460
Other tire and related sales		204		112		20		336
Retail services and service related sales		182		34		10		226
Chemical sales		110		—		—		110
Other		8		—		2		10
Net Sales by reportable segment	$	3,120	$	1,374	$	648	$	5,142

	Nine Months Ended September 30, 2024
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	6,616	$	3,470	$	1,714	$	11,800
Other tire and related sales		576		407		82		1,065
Retail services and service related sales		559		97		15		671
Chemical sales		377		—		—		377
Other		15		—		3		18
Net Sales by reportable segment	$	8,143	$	3,974	$	1,814	$	13,931

	Nine Months Ended September 30, 2023
			Europe, Middle East
(In millions)	Americas		and Africa		Asia Pacific		Total
Tire unit sales	$	7,428	$	3,715	$	1,719	$	12,862
Other tire and related sales		600		395		63		1,058
Retail services and service related sales		516		97		29		642
Chemical sales		366		—		—		366
Other		16		—		6		22
Net Sales by reportable segment	$	8,926	$	4,207	$	1,817	$	14,950

Tire unit sales consist of consumer, commercial, farm and off-the-road tire sales, including the sale of new Company-branded tires through Company-owned retail channels. Other tire and related sales consist of aviation, race and motorcycle tire sales, retread sales and other tire related sales. Sales of tires in this category are not included in reported tire unit information. Retail services and service related sales consist of automotive services performed for customers through our Company-owned retail channels, and includes service related products. Chemical sales relate to the sale of synthetic rubber and other chemicals to third parties, and exclude intercompany sales. Other sales include items such as franchise fees and ancillary tire parts.

When we receive consideration from a customer prior to transferring goods or services under the terms of a sales contract, we record deferred revenue, which represents a contract liability. Deferred revenue included in Other Current Liabilities in the Consolidated Balance Sheets totaled $15 million and $18 million at September 30, 2024 and December 31, 2023, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $7 million and $10 million at September 30, 2024 and December 31, 2023, respectively. We recognize deferred revenue after we have transferred control of the goods or services to the customer and all revenue recognition criteria are met.

The following table presents the balance of deferred revenue related to contracts with customers, and changes during the nine months ended September 30, 2024:

(In millions)
Balance at December 31, 2023	$	28
Revenue deferred during period		158
Revenue recognized during period		(164	)
Impact of foreign currency translation		—
Balance at September 30, 2024	$	22