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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss by Component, After Tax and Minority Interest

The following tables present changes in AOCL, by component, for the three months ended March 31, 2021 and 2020, after tax and minority interest.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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, 2020

 

$

(1,284

)

 

$

(2,856

)

 

$

5

 

 

$

(4,135

)

Other comprehensive income (loss) before

reclassifications

 

 

(32

)

 

 

9

 

 

 

1

 

 

 

(22

)

Amounts reclassified from accumulated other

comprehensive loss

 

 

 

 

 

27

 

 

 

(2

)

 

 

25

 

Balance at March 31, 2021

 

$

(1,316

)

 

$

(2,820

)

 

$

4

 

 

$

(4,132

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

 

 

(216

)

 

 

(1

)

 

 

18

 

 

 

(199

)

Amounts reclassified from accumulated other

comprehensive loss

 

 

 

 

 

26

 

 

 

(4

)

 

 

22

 

Balance at March 31, 2020

 

$

(1,372

)

 

$

(2,958

)

 

$

17

 

 

$

(4,313

)

Reclassifications out of Accumulated Other Comprehensive Loss

The following table presents reclassifications out of AOCL:

 

 

 

Three Months Ended March 31,

 

 

 

 

 

2021

 

 

2020

 

 

 

(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

 

 

$

36

 

 

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

 

 

36

 

 

 

34

 

 

 

Tax effect

 

 

(9

)

 

 

(8

)

 

United States and Foreign Taxes

Net of tax

 

$

27

 

 

$

26

 

 

Goodyear Net Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

Deferred derivative (gains) losses, before tax

 

$

(2

)

 

$

(4

)

 

Cost of Goods Sold

Tax effect

 

 

 

 

 

 

 

United States and Foreign Taxes

Net of tax

 

$

(2

)

 

$

(4

)

 

Goodyear Net Income (Loss)

Total reclassifications

 

$

25

 

 

$

22

 

 

Goodyear Net Income (Loss)

 

Comprehensive Income (Loss) Attributable to Minority Shareholders

The following table presents the details of comprehensive income (loss) attributable to minority shareholders:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(In millions)

 

2021

 

 

2020

 

Net Income (Loss) Attributable to Minority Shareholders

 

$

6

 

 

$

2

 

Other Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

Foreign currency translation

 

 

(7

)

 

 

(9

)

Comprehensive Income (Loss) Attributable to Minority Shareholders

 

$

(1

)

 

$

(7

)