XML 45 R33.htm IDEA: XBRL DOCUMENT

Business Segments (Tables)

9 Months Ended

Sep. 30, 2025

The following tables present segment sales, significant segment expenses and operating income, and the reconciliation of segment operating income to Income before Income Taxes:


	Three Months Ended September 30, 2025
(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Net Sales	$	2,737	$	1,407	$	501	$	4,645
Less:
Cost of Goods Sold	2,187		1,176		384		3,747
Selling, Administrative and General Expense	350		209		67		626
Other (income)(1)	(6)		(8)		(1)		(15)
Segment Operating Income	$	206	$	30	$	51	$	287
Less:
Goodwill Impairment							674
Rationalizations (Note 4)							21
Interest expense							114
Other (income) expense (Note 5)							91
Net (gains) losses on asset sales							1
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)							55
Corporate incentive compensation plans							8
Retained expenses of divested operations							5
Other(2)							51
Loss before Income Taxes							$	(733)
(1) Primarily represents OTR transition license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand.
(2) Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the strategic business units (“SBUs”).


	Three Months Ended September 30, 2024
(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Net Sales	$	2,858	$	1,348	$	618	$	4,824
Less:
Cost of Goods Sold	2,274		1,123		472		3,869
Selling, Administrative and General Expense	336		202		74		612
Other (income)(1)	(3)		—		—		(3)
Segment Operating Income	$	251	$	23	$	72	$	346
Less:
Intangible Asset Impairment							125
Rationalizations (Note 4)							11
Interest expense							135
Other (income) expense (Note 5)							36
Net (gains) losses on asset sales							(1)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)							25
Corporate incentive compensation plans							14
Retained expenses of divested operations							3
Other(2)							25
Loss before Income Taxes							$	(27)
(1) Primarily represents royalty income attributable to the SBUs.
(2) Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs. Other also includes $14 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.


	Nine Months Ended September 30, 2025
(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Net Sales	$	7,901	$	4,028	$	1,434	$	13,363
Less:
Cost of Goods Sold	6,376		3,411		1,102		10,889
Selling, Administrative and General Expense	1,043		633		198		1,874
Other (income)(1)	(20)		(16)		(5)		(41)
Segment Operating Income	$	502	$	—	$	139	$	641
Less:
Goodwill Impairment							674
Rationalizations (Note 4)							161
Interest expense							341
Other (income) expense (Note 5)							147
Net (gains) losses on asset sales							(700)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)							142
Corporate incentive compensation plans							44
Retained expenses of divested operations							8
Other(2)							121
Loss before Income Taxes							$	(297)
(1) Primarily represents OTR transition license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand.
(2) Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the SBUs.


	Nine Months Ended September 30, 2024
(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Net Sales	$	8,143	$	3,974	$	1,814	$	13,931
Less:
Cost of Goods Sold	6,470		3,289		1,386		11,145
Selling, Administrative and General Expense	1,013		633		234		1,880
Other (income)(1)	(11)		(2)		(1)		(14)
Segment Operating Income	$	671	$	54	$	195	$	920
Less:
Intangible Asset Impairment							125
Rationalizations (Note 4)							52
Interest expense							391
Other (income) expense (Note 5)							95
Net (gains) losses on asset sales							(95)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)							119
Corporate incentive compensation plans							50
Retained expenses of divested operations							11
Other(2)							130
Income before Income Taxes							$	42
(1) Primarily represents royalty income attributable to the SBUs.
(2) Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs. Other also includes $81 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.

Schedule of Segment Assets

The following table presents segment assets at:


(In millions)	September 30, 2025		December 31, 2024
Assets
Americas	$	11,357	$	11,406
Europe, Middle East and Africa	5,559		4,514
Asia Pacific	2,234		2,610
Total Segment Assets	$	19,150	$	18,530
Corporate(1)	1,072		2,391
	$	20,222	$	20,921
(1) Corporate includes substantially all of our U.S. net deferred tax assets.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table presents geographic information. Net sales by country were determined based on the location of the selling subsidiary. Long-lived assets consist of property, plant and equipment. Management did not consider the net sales of any individual country outside the United States to be significant to the consolidated financial statements. For long-lived assets, only the United States and China were considered to be significant.


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Net Sales
United States	$	2,262	$	2,373	$	6,548	$	6,661
International	2,383		2,451		6,815		7,270
	$	4,645	$	4,824	$	13,363	$	13,931
(In millions)					September 30, 2025		December 31, 2024
Long-Lived Assets
United States					$	3,523	$	3,688
China					648		676
Other international					3,733		3,718
					$	7,904	$	8,082

Schedule of Goodwill And Intangible Asset Impairment, Rationalizations, Asset Sales, Asset Write-Offs and Accelerated Depreciation and Accelerated Lease Costs, Net Attributable to Segments

Goodwill and intangible asset impairment, as described in Notes to the Consolidated Financial Statements No. 1, Accounting Policies; rationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs; net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 2, Divestitures; and asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Goodwill and Intangible Asset Impairment
Americas	$	674	$	125	$	674	$	125


Total Segment Goodwill and Intangible Asset Impairment	$	674	$	125	$	674	$	125


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Rationalizations
Americas	$	4	$	5	$	76	$	20
Europe, Middle East and Africa	16		(2)		71		8
Asia Pacific	—		1		1		14
Total Segment Rationalizations	$	20	$	4	$	148	$	42
Corporate	1		7		13		10
	$	21	$	11	$	161	$	52


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Net (Gains) Losses on Asset Sales
Americas	$	(3)	$	—	$	(4)	$	(14)
Europe, Middle East and Africa	—		—		—		(80)
Asia Pacific	—		(1)		(55)		(1)
Total Segment (Gains) Losses on Asset Sales	$	(3)	$	(1)	$	(59)	$	(95)
Corporate	4		—		(641)		—
	$	1	$	(1)	$	(700)	$	(95)


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
Americas	$	20	$	1	$	62	$	11
Europe, Middle East and Africa	33		17		75		50
Asia Pacific	2		7		5		37
Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net	$	55	$	25	$	142	$	98
Corporate	—		—		—		21
	$	55	$	25	$	142	$	119

Schedule of Segment Capital Expenditures Depreciation And Amortization

The following tables present segment capital expenditures and depreciation and amortization:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Capital Expenditures
Americas	$	117	$	187	$	444	$	596
Europe, Middle East and Africa	30		59		122		206
Asia Pacific	24		27		68		87
Total Segment Capital Expenditures	$	171	$	273	$	634	$	889
Corporate	12		5		15		23
	$	183	$	278	$	649	$	912


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Depreciation and Amortization
Americas	$	152	$	139	$	468	$	441
Europe, Middle East and Africa	78		70		227		208
Asia Pacific	30		35		90		120
Total Segment Depreciation and Amortization	$	260	$	244	$	785	$	769
Corporate	9		10		28		31
	$	269	$	254	$	813	$	800

Schedule of Segment Equity In Net Income (Loss) of Investees Accounted For By the Equity Method

The following table presents segment equity in the net (income) loss of investees accounted for by the equity method:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2025		2024		2025		2024
Equity in (Income) Loss
Americas	$	2	$	5	$	28	$	24
Europe, Middle East and Africa	—		—		(1)		(1)
Asia Pacific	(4)		(3)		(11)		(7)
Total Segment Equity in (Income) Loss	$	(2)	$	2	$	16	$	16