Earnings Per Share

9 Months Ended

Sep. 30, 2025

EARNINGS PER SHARE

Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are calculated to reflect the potential dilution that could occur if securities or other contracts were exercised or converted into common stock.

Basic and diluted earnings per common share are calculated as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions, except per share amounts)	2025		2024		2025		2024
Loss per share — basic:
Goodyear net income (loss)	$	(2,195)	$	(37)	$	(1,826)	$	(27)
Weighted average shares outstanding	288		287		287		286
Loss per common share — basic	$	(7.62)	$	(0.13)	$	(6.35)	$	(0.09)

Loss per share — diluted:
Goodyear net income (loss)	$	(2,195)	$	(37)	$	(1,826)	$	(27)
Weighted average shares outstanding	288		287		287		286
Dilutive effect of stock options and other dilutive securities	—		—		—		—
Weighted average shares outstanding — diluted	288		287		287		286
Loss per common share — diluted	$	(7.62)	$	(0.13)	$	(6.35)	$	(0.09)

Weighted average shares outstanding — diluted for both the three and nine months ended September 30, 2025 excludes the dilutive effect of approximately 2 million equivalent shares, and, for both the three and nine months ended September 30, 2024, excludes the dilutive effect of approximately 1 million equivalent shares and 2 million equivalent shares, respectively, related primarily to options with exercise prices less than the average market price of our common shares (i.e., "in-the-money" options) and unvested restricted stock units, as their inclusion would have been anti-dilutive due to the Goodyear net loss. Additionally, weighted average shares outstanding — diluted for both the three and nine months ended September 30, 2025 excludes approximately 3 million equivalent shares, and, for both the three and nine months ended September 30, 2024, excludes approximately 4 million equivalent shares and 1 million equivalent shares, respectively, related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options).