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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 905 $ 902
Accounts Receivable, less Allowance - $94 ($102 in 2023) 3,380 2,731
Inventories:    
Raw Materials 796 785
Work in Process 212 206
Finished Products 2,804 2,707
Inventories 3,812 3,698
Assets Held for Sale (Note 1) 495 0
Prepaid Expenses and Other Current Assets 309 319
Total Current Assets 8,901 7,650
Goodwill 759 781
Intangible Assets (Note 1) 814 969
Deferred Income Taxes (Note 5) 1,662 1,630
Other Assets 1,147 1,075
Operating Lease Right-of-Use Assets 981 985
Property, Plant and Equipment, less Accumulated Depreciation - $12,515 ($12,472 in 2023) 8,285 8,492
Total Assets 22,549 21,582
Current Liabilities:    
Accounts Payable — Trade 4,050 4,326
Compensation and Benefits (Notes 10 and 11) 685 663
Other Current Liabilities 1,261 1,165
Notes Payable and Overdrafts (Note 8) 587 344
Operating Lease Liabilities due Within One Year 202 200
Long Term Debt and Finance Leases due Within One Year 1,013 449
Total Current Liabilities 7,798 7,147
Operating Lease Liabilities 829 825
Long Term Debt and Finance Leases (Note 8) 7,428 6,831
Compensation and Benefits (Notes 10 and 11) 877 974
Deferred Income Taxes (Note 5) 103 83
Other Long Term Liabilities 610 885
Total Liabilities 17,645 16,745
Commitments and Contingent Liabilities (Note 12)
Goodyear Shareholders’ Equity:    
Authorized, 450 million shares, Outstanding shares -285 million in 2024 (284 million in 2023) 285 284
Capital Surplus 3,152 3,133
Retained Earnings 5,080 5,086
Accumulated Other Comprehensive Loss (Note 14) (3,772) (3,835)
Goodyear Shareholders’ Equity 4,745 4,668
Minority Shareholders’ Equity — Nonredeemable 159 169
Total Shareholders’ Equity 4,904 4,837
Total Liabilities and Shareholders’ Equity $ 22,549 $ 21,582