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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 1,223 $ 1,539
Accounts Receivable, less Allowance — $144 ($150 in 2020) 2,159 1,691
Inventories:    
Raw Materials 583 517
Work in Process 138 143
Finished Products 1,638 1,493
Inventories 2,359 2,153
Prepaid Expenses and Other Current Assets 207 237
Total Current Assets 5,948 5,620
Goodwill 395 408
Intangible Assets 134 135
Deferred Income Taxes 1,471 1,467
Other Assets 938 952
Operating Lease Right-of-Use Assets 826 851
Property, Plant and Equipment, less Accumulated Depreciation — $10,935 ($10,991 in 2020) 6,857 7,073
Total Assets 16,569 16,506
Current Liabilities:    
Accounts Payable — Trade 3,037 2,945
Compensation and Benefits 548 540
Other Current Liabilities 783 865
Notes Payable and Overdrafts 390 406
Operating Lease Liabilities due Within One Year 189 198
Long Term Debt and Finance Leases due Within One Year 386 152
Total Current Liabilities 5,333 5,106
Operating Lease Liabilities 667 684
Long Term Debt and Finance Leases 5,326 5,432
Compensation and Benefits 1,388 1,470
Deferred Income Taxes 86 84
Other Long Term Liabilities 483 471
Total Liabilities 13,283 13,247
Commitments and Contingent Liabilities
Common Stock, no par value:    
Authorized, 450 million shares, Outstanding shares — 235 million in 2021 (233 million in 2020) 235 233
Capital Surplus 2,182 2,171
Retained Earnings 4,821 4,809
Accumulated Other Comprehensive Loss (4,132) (4,135)
Goodyear Shareholders’ Equity 3,106 3,078
Minority Shareholders’ Equity — Nonredeemable 180 181
Total Shareholders’ Equity 3,286 3,259
Total Liabilities and Shareholders’ Equity $ 16,569 $ 16,506