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Revision of Previously Issued Financial Statements
 9 Months Ended
Sep. 30, 2025
Accounting Changes and Error Corrections [Abstract]  
Revision of Previously Issued Financial Statements REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
As discussed in Note 1, in preparing the consolidated financial statements as of and for the three and nine months ended September 30, 2025, we identified errors in our previously issued financial statements related to our historical computation of currency remeasurement of our foreign operations in Turkey, which was designated as a highly inflationary economy beginning April 1, 2022. The identified errors impacted our previously issued 2022, 2023 and 2024 annual and interim financial statements. There were no impacts on previously reported cash flows from operating, investing and financing activities in any prior periods.
We evaluated the errors in accordance with SEC Staff Accounting Bulletin Nos. 99 and 108 and determined that the related impacts were not material in any previously issued annual or interim financial statements. We revised the prior period amounts presented in these financial statements to correct the errors. The applicable notes to the accompanying financial statements have also been corrected to reflect the impact of the revisions of the previously filed consolidated interim financial statements.
The following tables reflect the impact of the revision to the specific line items presented in our previously reported financial information.
Impacts to Consolidated Statements of Operations and Comprehensive Income (in millions, except per share data)
Nine Months Ended September 30, 2024Three Months Ended September 30, 2024
As ReportedRevisionAs RevisedAs ReportedRevisionAs Revised
Cost of Goods Sold$11,218 $13 $11,231 $3,881 $1 $3,882 
Other Expense (1)
$87 $8 $95 $35 $1 $36 
Net Loss
$(12)$(21)$(33)$(34)$(2)$(36)
Minority Shareholders’ Net Income (Loss)$(6)$— $(6)$— $1 $1 
Goodyear Net Loss
$(6)$(21)$(27)$(34)$(3)$(37)
Comprehensive Income (Loss)$55 $(21)$34 $44 $(2)$42 
Comprehensive Income (Loss) Attributable to Minority Shareholders$(2)$— $(2)$8 $1 $9 
Goodyear Comprehensive Income (Loss)$57 $(21)$36 $36 $(3)$33 
Basic EPS$(0.02)$(0.07)$(0.09)$(0.12)$(0.01)$(0.13)
Diluted EPS$(0.02)$(0.07)$(0.09)$(0.12)$(0.01)$(0.13)
(1) Other Expense also reflects the reclassification of Net (Gain) Loss on Asset Sales of $(1) million for the three months ended September 30, 2024 and $(95) million for the nine months ended September 30, 2024, to conform to the current presentation.
Impacts to Consolidated Balance Sheets and Statements of Shareholders' Equity (in millions)
December 31, 2024
As ReportedRevisionAs Revised
Inventories$3,597 $(43)$3,554 
Total Current Assets$7,632 $(43)$7,589 
Total Assets$20,964 $(43)$20,921 
Accounts Payable — Trade$4,052 $40 $4,092 
Total Current Liabilities$7,337 $40 $7,377 
Total Liabilities$16,058 $40 $16,098 
Retained Earnings$5,156 $(75)$5,081 
Goodyear Shareholders' Equity$4,756 $(75)$4,681 
Minority Shareholders' Equity$150 $(8)$142 
Total Shareholders' Equity$4,906 $(83)$4,823 
Total Liabilities and Shareholders' Equity$20,964 $(43)$20,921