Reclassifications out of Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Reclassifications out of Accumulated Other Comprehensive Loss

NOTE 16. RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present changes in AOCL, by component, for the three months ended March 31, 2020 and 2019:

(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2019	$	(1,156	)	$	(2,983	)	$	3		$	(4,136	)
Other comprehensive income (loss) before reclassifications, net of tax		(216	)		(1	)		18			(199	)
Amounts reclassified from accumulated other comprehensive loss, net of tax		—			26			(4	)		22
Balance at March 31, 2020	$	(1,372	)	$	(2,958	)	$	17		$	(4,313	)

(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2018	$	(1,160	)	$	(2,923	)	$	7		$	(4,076	)
Other comprehensive income (loss) before reclassifications, net of tax		30			4			5			39
Amounts reclassified from accumulated other comprehensive loss, net of tax		—			26			(3	)		23
Balance at March 31, 2019	$	(1,130	)	$	(2,893	)	$	9		$	(4,014	)

The following table presents reclassifications out of AOCL:

	Three Months Ended March 31,
	2020			2019
(In millions) (Income) Expense	Amount Reclassified						Affected Line Item in the Consolidated
Component of AOCL	from AOCL						Statements of Operations
Amortization of prior service cost and unrecognized gains and losses	$	36		$	34		Other (Income) Expense
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures		(2	)		—		Other (Income) Expense / Rationalizations
Unrecognized net actuarial losses and prior service costs, before tax		34			—
Tax effect		(8	)		(8	)	United States and Foreign Taxes
Net of tax	$	26		$	26		Goodyear Net Income (Loss)
Deferred derivative (gains) losses, before tax	$	(4	)	$	(3	)	Cost of Goods Sold
Tax effect		—			—		United States and Foreign Taxes
Net of tax	$	(4	)	$	(3	)	Goodyear Net Income (Loss)
Total reclassifications	$	22		$	23		Goodyear Net Income (Loss)