Business Segments (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2024			2023			2024			2023
Sales:
Americas	$	2,858		$	3,120		$	8,143		$	8,926
Europe, Middle East and Africa		1,348			1,374			3,974			4,207
Asia Pacific		618			648			1,814			1,817
Net Sales	$	4,824		$	5,142		$	13,931		$	14,950
Segment Operating Income:
Americas	$	251		$	258		$	671		$	440
Europe, Middle East and Africa		24			22			67			11
Asia Pacific		72			56			195			134
Total Segment Operating Income	$	347		$	336		$	933		$	585
Less:
Intangible Asset Impairment (Note 1)	$	125		$	—		$	125		$	—
Rationalizations (Note 3)		11			198			52			302
Interest expense		135			138			391			403
Other (income) expense (Note 4)		34			21			(8	)		82
Asset write-offs (recoveries), accelerated depreciation, and accelerated lease costs, net (Note 3)		25			8			119			21
Corporate incentive compensation plans		14			2			50			43
Retained expenses of divested operations		3			2			11			10
Other(1)		25			26			130			93
Income (Loss) before Income Taxes	$	(25	)	$	(59	)	$	63		$	(369	)

(1)Other for the three and nine months ended September 30, 2024 includes $14 million and $81 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 nine months ended September 30, 2023 includes $8 million related to the insurance deductible for the fire in Debica, Poland. Other for the nine months ended September 30, 2023 also includes $14 million related to the insurance deductible for the tornado in Tupelo, Mississippi.

Rationalizations, Net (Gains) Losses on Asset Sales, Asset Write-offs and Accelerated Depreciation, net

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						Nine Months Ended
	September 30,						September 30,
(In millions)	2024			2023			2024			2023
Rationalizations:
Americas	$	5		$	4		$	20		$	12
Europe, Middle East and Africa		(2	)		139			8			227
Asia Pacific		1			20			14			23
Total Segment Rationalizations	$	4		$	163		$	42		$	262
Corporate		7			35			10			40
Total Rationalizations	$	11		$	198		$	52		$	302
Net (Gains) Losses on Asset Sales:
Americas	$	—		$	(6	)	$	(14	)	$	(68	)
Europe, Middle East and Africa		—			—			(80	)		—
Asia Pacific		(1	)		—			(1	)		—
Total Segment Net (Gains) Losses on Asset Sales	$	(1	)	$	(6	)	$	(95	)	$	(68	)
Asset Write-offs (Recoveries), Accelerated Depreciation, and Accelerated Lease Costs, net:
Americas	$	1		$	3		$	11		$	18
Europe, Middle East and Africa		17			5			50			3
Asia Pacific		7			—			37			—
Total Segment Asset Write-offs (Recoveries), Accelerated Depreciation, and Accelerated Lease Costs, net	$	25		$	8		$	98		$	21
Corporate		—			—			21			—
Total Asset Write-offs (Recoveries), Accelerated Depreciation, and Accelerated Lease Costs, net	$	25		$	8		$	119		$	21