Consolidating Financial Information Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

	Condensed Consolidating Balance Sheet
	December 31, 2016
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	185	$	58	$	889	$	—		$	1,132
Accounts Receivable	562		133		1,074		—			1,769
Accounts Receivable From Affiliates	—		436		270		(706		)	—
Inventories	1,336		142		1,178		(29		)	2,627
Prepaid Expenses and Other Current Assets	57		3		130		—			190
Total Current Assets	2,140		772		3,541		(735		)	5,718
Goodwill	—		24		391		120			535
Intangible Assets	118		—		18		—			136
Deferred Income Taxes	2,010		31		373		—			2,414
Other Assets	222		54		387		5			668
Investments in Subsidiaries	4,646		541		—		(5,187		)	—
Property, Plant and Equipment	2,454		335		4,279		(28		)	7,040
Total Assets	$	11,590	$	1,757	$	8,989	$	(5,825	)	$	16,511
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	887	$	160	$	1,542	$	—		$	2,589
Accounts Payable to Affiliates	706		—		—		(706		)	—
Compensation and Benefits	353		27		204		—			584
Other Current Liabilities	346		9		611		(3		)	963
Notes Payable and Overdrafts	—		—		245		—			245
Long Term Debt and Capital Leases Due Within One Year	6		—		430		—			436
Total Current Liabilities	2,298		196		3,032		(709		)	4,817
Long Term Debt and Capital Leases	3,685		—		1,113		—			4,798
Compensation and Benefits	676		104		680		—			1,460
Deferred Income Taxes	—		1		84		—			85
Other Long Term Liabilities	424		13		188		1			626
Total Liabilities	7,083		314		5,097		(708		)	11,786
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	252		—		—		—			252
Other Equity	4,255		1,443		3,674		(5,117		)	4,255
Goodyear Shareholders’ Equity	4,507		1,443		3,674		(5,117		)	4,507
Minority Shareholders’ Equity — Nonredeemable	—		—		218		—			218
Total Shareholders’ Equity	4,507		1,443		3,892		(5,117		)	4,725
Total Liabilities and Shareholders’ Equity	$	11,590	$	1,757	$	8,989	$	(5,825	)	$	16,511

	Condensed Consolidating Balance Sheet
	December 31, 2015
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	354	$	70	$	1,052	$	—		$	1,476
Accounts Receivable	814		136		1,083		—			2,033
Accounts Receivable From Affiliates	—		609		—		(609		)	—
Inventories	1,199		157		1,152		(44		)	2,464
Prepaid Expenses and Other Current Assets	42		3		105		3			153
Total Current Assets	2,409		975		3,392		(650		)	6,126
Goodwill	—		24		407		124			555
Intangible Assets	118		—		20		—			138
Deferred Income Taxes	2,049		19		73		—			2,141
Other Assets	216		81		350		7			654
Investments in Subsidiaries	4,088		383		—		(4,471		)	—
Property, Plant and Equipment	2,377		216		4,213		(29		)	6,777
Total Assets	$	11,257	$	1,698	$	8,455	$	(5,019	)	$	16,391
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	1,002	$	189	$	1,578	$	—		$	2,769
Accounts Payable to Affiliates	540		—		69		(609		)	—
Compensation and Benefits	411		29		226		—			666
Other Current Liabilities	328		16		547		(5		)	886
Notes Payable and Overdrafts	—		—		49		—			49
Long Term Debt and Capital Leases Due Within One Year	6		—		579		—			585
Total Current Liabilities	2,287		234		3,048		(614		)	4,955
Long Term Debt and Capital Leases	3,796		—		1,278		—			5,074
Compensation and Benefits	725		97		646		—			1,468
Deferred Income Taxes	—		1		92		(2		)	91
Other Long Term Liabilities	529		15		119		(2		)	661
Total Liabilities	7,337		347		5,183		(618		)	12,249
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Common Stock	267		—		—		—			267
Other Equity	3,653		1,351		3,050		(4,401		)	3,653
Goodyear Shareholders’ Equity	3,920		1,351		3,050		(4,401		)	3,920
Minority Shareholders’ Equity — Nonredeemable	—		—		222		—			222
Total Shareholders’ Equity	3,920		1,351		3,272		(4,401		)	4,142
Total Liabilities and Shareholders’ Equity	$	11,257	$	1,698	$	8,455	$	(5,019	)	$	16,391

Consolidating Statement of Operations

	Consolidating Statements of Operations
	Year Ended December 31, 2016
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	6,982		$	1,774		$	9,121		$	(2,719	)	$	15,158
Cost of Goods Sold	5,147			1,632			6,971			(2,778		)	10,972
Selling, Administrative and General Expense	955			151			1,302			(1		)	2,407
Rationalizations	20			—			190			—			210
Interest Expense	276			12			129			(45		)	372
Other (Income) Expense	(45		)	—			(52		)	87			(10		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	629			(21		)	581			18			1,207
United States and Foreign Tax (Benefit) Expense	104			(7		)	(180		)	6			(77		)
Equity in Earnings (Loss) of Subsidiaries	739			122			—			(861		)	—
Net Income (Loss)	1,264			108			761			(849		)	1,284
Less: Minority Shareholders’ Net Income	—			—			20			—			20
Goodyear Net Income (Loss)	$	1,264		$	108		$	741		$	(849	)	$	1,264
Comprehensive Income (Loss)	$	1,076		$	38		$	585		$	(615	)	$	1,084
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			8			—			8
Goodyear Comprehensive Income (Loss)	$	1,076		$	38		$	577		$	(615	)	$	1,076

	Year Ended December 31, 2015
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	7,566		$	2,129		$	10,308		$	(3,560	)	$	16,443
Cost of Goods Sold	5,804			1,915			8,090			(3,645		)	12,164
Selling, Administrative and General Expense	1,053			172			1,392			(3		)	2,614
Rationalizations	13			—			101			—			114
Interest Expense	339			22			135			(58		)	438
Loss on Deconsolidation of Venezuelan Subsidiary	374			—			272			—			646
Other (Income) Expense	(455		)	(13		)	173			154			(141		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	438			33			145			(8		)	608
United States and Foreign Tax (Benefit) Expense	104			10			112			6			232
Equity in Earnings (Loss) of Subsidiaries	(27		)	19			—			8			—
Net Income (Loss)	307			42			33			(6		)	376
Less: Minority Shareholders’ Net Income	—			—			69			—			69
Goodyear Net Income (Loss)	307			42			(36		)	(6		)	307
Comprehensive Income (Loss)	$	535		$	54		$	46		$	(94	)	$	541
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			32			(26		)	6
Goodyear Comprehensive Income (Loss)	$	535		$	54		$	14		$	(68	)	$	535

	Consolidating Statements of Operations
	Year Ended December 31, 2014
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	7,915		$	2,487		$	12,051		$	(4,315	)	$	18,138
Cost of Goods Sold	6,457			2,237			9,622			(4,410		)	13,906
Selling, Administrative and General Expense	916			166			1,645			(7		)	2,720
Rationalizations	(6		)	—			101			—			95
Interest Expense	342			26			139			(63		)	444
Other (Income) Expense	(101		)	(11		)	222			176			286
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	307			69			322			(11		)	687
United States and Foreign Tax (Benefit) Expense	(2,026		)	14			174			4			(1,834		)
Equity in Earnings (Loss) of Subsidiaries	119			28			—			(147		)	—
Net Income (Loss)	2,452			83			148			(162		)	2,521
Less: Minority Shareholders’ Net Income	—			—			69			—			69
Goodyear Net Income (Loss)	2,452			83			79			(162		)	2,452
Less: Preferred Stock Dividends	7			—			—			—			7
Goodyear Net Income (Loss) available to Common Shareholders	$	2,445		$	83		$	79		$	(162	)	$	2,445
Comprehensive Income (Loss)	$	2,257		$	89		$	(11	)	$	(58	)	$	2,277
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			46			(26		)	20
Goodyear Comprehensive Income (Loss)	$	2,257		$	89		$	(57	)	$	(32	)	$	2,257

Condensed Consolidating Statement of Cash Flows

	Condensed Consolidating Statement of Cash Flows
	Year Ended December 31, 2016
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	598		$	103		$	875		$	(72	)	$	1,504
Cash Flows from Investing Activities:
Capital Expenditures	(361		)	(116		)	(525		)	6			(996		)
Asset Dispositions	11			—			24			—			35
Decrease (Increase) in Restricted Cash	—			—			6			—			6
Short Term Securities Acquired	—			—			(72		)	—			(72		)
Short Term Securities Redeemed	—			—			60			—			60
Capital Contributions Received and Loans Incurred	(257		)	—			(576		)	833			—
Capital Redemptions and Loans Paid	163			—			148			(311		)	—
Other Transactions	—			—			(6		)	—			(6		)
Total Cash Flows from Investing Activities	(444		)	(116		)	(941		)	528			(973		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	—			41			417			(41		)	417
Short Term Debt and Overdrafts Paid	(41		)	—			(228		)	41			(228		)
Long Term Debt Incurred	2,896			—			2,092			—			4,988
Long Term Debt Paid	(3,016		)	—			(2,417		)	—			(5,433		)
Common Stock Issued	13			—			—			—			13
Common Stock Repurchased	(500		)	—			—			—			(500		)
Common Stock Dividends Paid	(82		)	—			—			—			(82		)
Capital Contributions Received and Loans Incurred	576			59			198			(833		)	—
Capital Redemptions and Loans Paid	(148		)	(80		)	(83		)	311			—
Intercompany Dividends Paid	—			(19		)	(47		)	66			—
Transactions with Minority Interests in Subsidiaries	—			—			(11		)	—			(11		)
Debt Related Costs and Other Transactions	(21		)	—			(3		)	—			(24		)
Total Cash Flows from Financing Activities	(323		)	1			(82		)	(456		)	(860		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(15		)	—			(15		)
Net Change in Cash and Cash Equivalents	(169		)	(12		)	(163		)	—			(344		)
Cash and Cash Equivalents at Beginning of the Year	354			70			1,052			—			1,476
Cash and Cash Equivalents at End of the Year	$	185		$	58		$	889		$	—		$	1,132

	Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2015
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	979		$	149		$	612		$	(53	)	$	1,687
Cash Flows from Investing Activities:
Capital Expenditures	(315		)	(119		)	(558		)	9			(983		)
Asset Dispositions	48			—			14			—			62
Decrease in Cash Due to Deconsolidation of Venezuelan Subsidiary	—			—			(320		)	—			(320		)
Decrease (Increase) in Restricted Cash	—			—			(6		)	—			(6		)
Short Term Securities Acquired	—			—			(77		)	—			(77		)
Short Term Securities Redeemed	—			—			69			—			69
Capital Contributions Received and Loans Incurred	(70		)	—			(90		)	160			—
Capital Redemptions and Loans Paid	122			—			125			(247		)	—
Other Transactions	—			—			(7		)	—			(7		)
Total Cash Flows from Investing Activities	(215		)	(119		)	(850		)	(78		)	(1,262		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	55			—			118			(70		)	103
Short Term Debt and Overdrafts Paid	(15		)	(16		)	(123		)	70			(84		)
Long Term Debt Incurred	1,736			—			1,083			—			2,819
Long Term Debt Paid	(2,341		)	—			(974		)	—			(3,315		)
Common Stock Issued	53			—			—			—			53
Common Stock Repurchased	(180		)	—			—			—			(180		)
Common Stock Dividends Paid	(68		)	—			—			—			(68		)
Capital Contributions Received and Loans Incurred	90			12			58			(160		)	—
Capital Redemptions and Loans Paid	(125		)	(15		)	(107		)	247			—
Intercompany Dividends Paid	—			(17		)	(27		)	44			—
Transactions with Minority Interests in Subsidiaries	—			—			(9		)	—			(9		)
Debt Related Costs and Other Transactions	(18		)	—			(15		)	—			(33		)
Dissolution of Global Alliance	(271		)	—			—			—			(271		)
Total Cash Flows from Financing Activities	(1,084		)	(36		)	4			131			(985		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			(13		)	(112		)	—			(125		)
Net Change in Cash and Cash Equivalents	(320		)	(19		)	(346		)	—			(685		)
Cash and Cash Equivalents at Beginning of the Year	674			89			1,398			—			2,161
Cash and Cash Equivalents at End of the Year	$	354		$	70		$	1,052		$	—		$	1,476

	Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2014
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	(334	)	$	195		$	758		$	(279	)	$	340
Cash Flows from Investing Activities:
Capital Expenditures	(303		)	(19		)	(607		)	6			(923		)
Asset Dispositions	9			2			7			—			18
Decrease (Increase) in Restricted Cash	(1		)	—			6			—			5
Short Term Securities Acquired	—			—			(72		)	—			(72		)
Short Term Securities Redeemed	—			—			95			—			95
Capital Contributions Received and Loans Incurred	(382		)	—			(457		)	839			—
Capital Redemptions and Loans Paid	459			—			244			(703		)	—
Other Transactions	13			—			13			—			26
Total Cash Flows from Investing Activities	(205		)	(17		)	(771		)	142			(851		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	22			—			60			(36		)	46
Short Term Debt and Overdrafts Paid	(14		)	(22		)	(24		)	36			(24		)
Long Term Debt Incurred	601			—			1,241			—			1,842
Long Term Debt Paid	(608		)	—			(947		)	—			(1,555		)
Common Stock Issued	39			—			—			—			39
Common Stock Repurchased	(234		)	—			—			—			(234		)
Common Stock Dividends Paid	(60		)	—			—			—			(60		)
Preferred Stock Dividends Paid	(15		)	—			—			—			(15		)
Capital Contributions Received and Loans Incurred	457			47			335			(839		)	—
Capital Redemptions and Loans Paid	(244		)	—			(459		)	703			—
Intercompany Dividends Paid	—			(203		)	(70		)	273			—
Transactions with Minority Interests in Subsidiaries	—			—			(49		)	—			(49		)
Debt Related Costs and Other Transactions	—			—			(1		)	—			(1		)
Total Cash Flows from Financing Activities	(56		)	(178		)	86			137			(11		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			(5		)	(308		)	—			(313		)
Net Change in Cash and Cash Equivalents	(595		)	(5		)	(235		)	—			(835		)
Cash and Cash Equivalents at Beginning of the Year	1,269			94			1,633			—			2,996
Cash and Cash Equivalents at End of the Year	$	674		$	89		$	1,398		$	—		$	2,161