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Net Sales (Tables)
 9 Months Ended
Sep. 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 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

 
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 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