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Revision Of Previously Issued Financial Statements
 12 Months Ended
Dec. 31, 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 for the quarter ended June 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 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 annual 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)
Year Ended December 31, 2024Year Ended December 31, 2023
As reportedRevisionAs RevisedAs reportedRevisionAs Revised
Cost of Goods Sold$15,176 $16 $15,192 $16,557 $25 $16,582 
Other Expense (1)
$125 $9 $134 $212 $19 $231 
Net Income (Loss)$60 $(25)$35 $(687)$(44)$(731)
Minority Shareholders’ Net Income (Loss)$(10)$(1)$(11)$2 $(4)$(2)
Goodyear Net Income (Loss)$70 $(24)$46 $(689)$(40)$(729)
Comprehensive Income (Loss)$50 $(25)$25 $(643)$(44)$(687)
Comprehensive Income (Loss) Attributable to Minority Shareholders$(11)$(1)$(12)$6 $(4)$2 
Goodyear Comprehensive Income
(Loss)
$61 $(24)$37 $(649)$(40)$(689)
Basic EPS$0.24 $(0.08)$0.16 $(2.42)$(0.14)$(2.56)
Diluted EPS$0.24 $(0.08)$0.16 $(2.42)$(0.14)$(2.56)
(1) Other Expense also reflects the reclassification of Net (Gain) Loss on Asset Sales of $(93) million and $(104) million for the years ended December 31, 2024 and 2023, respectively, 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