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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 1,006 $ 908
Accounts Receivable, less Allowance — $143 ($111 in 2019) 1,727 1,941
Inventories:    
Raw Materials 594 530
Work in Process 128 143
Finished Products 1,752 2,178
Inventories 2,474 2,851
Prepaid Expenses and Other Current Assets 206 234
Total Current Assets 5,413 5,934
Goodwill (Note 8) 383 565
Intangible Assets (Note 8) 135 137
Deferred Income Taxes 1,434 1,527
Other Assets (Note 9) 794 959
Operating Lease Right-of-Use Assets 869 855
Property, Plant and Equipment, less Accumulated Depreciation — $10,293 ($10,488 in 2019) 6,799 7,208
Total Assets 15,827 17,185
Current Liabilities:    
Accounts Payable — Trade 1,858 2,908
Compensation and Benefits 485 536
Other Current Liabilities 798 734
Notes Payable and Overdrafts 712 348
Operating Lease Liabilities due Within One Year 192 199
Long Term Debt and Finance Leases due Within One Year 581 562
Total Current Liabilities 4,626 5,287
Operating Lease Liabilities 698 668
Long Term Debt and Finance Leases 5,688 4,753
Compensation and Benefits 1,273 1,334
Deferred Income Taxes 80 90
Other Long Term Liabilities 449 508
Total Liabilities 12,814 12,640
Commitments and Contingent Liabilities
Common Stock, no par value:    
Authorized, 450 million shares, Outstanding shares — 233 million in 2020 and 2019 233 233
Capital Surplus 2,154 2,141
Retained Earnings 4,748 6,113
Accumulated Other Comprehensive Loss (4,302) (4,136)
Goodyear Shareholders’ Equity 2,833 4,351
Minority Shareholders’ Equity — Nonredeemable 180 194
Total Shareholders’ Equity 3,013 4,545
Total Liabilities and Shareholders’ Equity $ 15,827 $ 17,185