0000950170-24-014240 | 10-K | XBRL Viewer | Goodyear Tire Rubber CO OH

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Stock Compensation Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential shares of common stock issued under current stock compensation plan (in shares)	21,000,000
Stock compensation plan, expiration date	Feb. 28, 2032
Aggregate intrinsic value of options exercised	$ 1.0	$ 0.4	$ 11.0
Unearned compensation cost related to unvested portion	$ 14.0
Remaining vesting period	through the fourth quarter of 2026
Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares that count towards shares authorized limit per share granted (in shares)	1
Vesting period	4 years
Stock options conversion basis (in shares)	1
Contractual term	10 years
Cancellation, days after termination of employment	90 days
Options \| Year 1
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	0.25%
Options \| Year 2
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	0.25%
Options \| Year 3
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	0.25%
Options \| Year 4
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	0.25%
Awards, Excluding Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares that count towards shares authorized limit per share granted (in shares)	2
Performance Share Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award performance period	3 years
Performance Share Units \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of units earned to units granted	0.00%	0.00%	0.00%
Performance Share Units \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of units earned to units granted	200.00%	200.00%	200.00%
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award performance period	3 years

Net Sales - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue, current	$ 18	$ 19
Deferred revenue, noncurrent	$ 10	$ 15

Fair Value Measurements

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 17. Fair Value Measurements

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheet at December 31:


	Total Carrying Value in the Consolidated Balance Sheet				Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In millions)	2023		2022		2023		2022		2023		2022		2023		2022
Assets:
Investments	$	19	$	8	$	19	$	8	$	—	$	—	$	—	$	—
Foreign Exchange Contracts		2		5		—		—		2		5		—		—
Total Assets at Fair Value	$	21	$	13	$	19	$	8	$	2	$	5	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	29	$	13	$	—	$	—	$	29	$	13	$	—	$	—
Total Liabilities at Fair Value	$	29	$	13	$	—	$	—	$	29	$	13	$	—	$	—

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding finance leases, at December 31:


	December 31,		December 31,
(In millions)	2023		2022
Fixed Rate Debt(1):
Carrying amount — liability	$	5,720	$	5,766
Fair value — liability		5,488		5,198
Variable Rate Debt(1):
Carrying amount — liability	$	1,292	$	1,474
Fair value — liability		1,286		1,437

(1)

Excludes Notes Payable and Overdrafts of $344 million and $395 million at December 31, 2023 and 2022, respectively, of which $111 million and $217 million, respectively, are at fixed rates and $233 million and $178 million, respectively, are at variable rates. The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities.

Long term debt with fair values of $5,301 million and $4,946 million at December 31, 2023 and 2022, respectively, were estimated using quoted Level 1 market prices. The carrying value of the remaining debt was based upon internal estimates of fair value derived from market prices for similar debt.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Pension, Other Postretirement Benefits and Savings Plans - Estimated Future Benefit Payments (Details) $ in Millions	Dec. 31, 2023 USD ($)
Pension Plan [Member] \| UNITED STATES
Without Medicare Part D Subsidy, Fiscal Year Maturity
2024	$ 381
2025	379
2026	350
2027	328
2028	318
2029-2033	1,408
Pension Plan [Member] \| Foreign Plan [Member]
Without Medicare Part D Subsidy, Fiscal Year Maturity
2024	165
2025	146
2026	148
2027	150
2028	154
2029-2033	813
Other Postretirement Benefits Plan [Member]
Without Medicare Part D Subsidy, Fiscal Year Maturity
2024	24
2025	23
2026	23
2027	23
2028	23
2029-2033	$ 109

Cooper Tire Acquisition - Schedule of Identifiable Tangible and Intangible Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions		12 Months Ended
	Jun. 07, 2021	Dec. 31, 2023
Business Acquisition [Line Items]
Weighted average remaining amortization period		9 years
Cooper Tire [Member] \| Trade names (definite-lived) [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Weighted average remaining amortization period	14 years
Cooper Tire [Member] \| Trade names (definite-lived) [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Weighted average remaining amortization period	14 years
Cooper Tire [Member] \| Customer Lists [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Weighted average remaining amortization period	12 years
Cooper Tire [Member] \| Customer Lists [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Weighted average remaining amortization period	12 years
Cooper Tire [Member] \| Non Compete Agreements and Other [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Weighted average remaining amortization period	2 years
Cooper Tire [Member] \| Non Compete Agreements and Other [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Weighted average remaining amortization period	2 years
Cooper Tire [Member] \| Updated Preliminary Purchase Price Allocation [Member]
Business Acquisition [Line Items]
Intangible Assets, Gross (Excluding Goodwill), Total	$ 926
Cooper Tire [Member] \| Updated Preliminary Purchase Price Allocation [Member] \| Trade names (definite-lived) [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets, gross	10
Cooper Tire [Member] \| Updated Preliminary Purchase Price Allocation [Member] \| Customer Lists [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets, gross	350
Cooper Tire [Member] \| Updated Preliminary Purchase Price Allocation [Member] \| Non Compete Agreements and Other [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets, gross	6
Cooper Tire [Member] \| Measurement Period Changes [Member]
Business Acquisition [Line Items]
Intangible Assets Gross Excluding Goodwill Adjustment	(160)
Cooper Tire [Member] \| Measurement Period Changes [Member] \| Trade names (definite-lived) [Member]
Business Acquisition [Line Items]
Finite Lived Intangible Assets Gross Adjustment	(30)
Cooper Tire [Member] \| Measurement Period Changes [Member] \| Customer Lists [Member]
Business Acquisition [Line Items]
Finite Lived Intangible Assets Gross Adjustment	(380)
Cooper Tire [Member] \| Measurement Period Changes [Member] \| Non Compete Agreements and Other [Member]
Business Acquisition [Line Items]
Finite Lived Intangible Assets Gross Adjustment	0
Cooper Tire [Member] \| Initial Preliminary Purchase Price Allocation [Member]
Business Acquisition [Line Items]
Intangible Assets, Gross (Excluding Goodwill), Total	1,086
Cooper Tire [Member] \| Initial Preliminary Purchase Price Allocation [Member] \| Trade names (definite-lived) [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets, gross	40
Cooper Tire [Member] \| Initial Preliminary Purchase Price Allocation [Member] \| Customer Lists [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets, gross	730
Cooper Tire [Member] \| Initial Preliminary Purchase Price Allocation [Member] \| Non Compete Agreements and Other [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets, gross	6
Cooper Tire [Member] \| Trade names (indefinite-lived) [Member] \| Updated Preliminary Purchase Price Allocation [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible asset	560
Cooper Tire [Member] \| Trade names (indefinite-lived) [Member] \| Measurement Period Changes [Member]
Business Acquisition [Line Items]
Indefinite Lived Intangible Asset Excluding Goodwill Adjustment	250
Cooper Tire [Member] \| Trade names (indefinite-lived) [Member] \| Initial Preliminary Purchase Price Allocation [Member] \| Trade names (definite-lived) [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible asset	$ 310

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2023	Jan. 31, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Annual Report	true
Document Transition Report	false
Entity File Number	1-1927
Entity Registrant Name	THE GOODYEAR TIRE & RUBBER COMPANY
Entity Central Index Key	0000042582
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0253240
Entity Address, Address Line One	200 Innovation Way
Entity Address, City or Town	Akron
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44316-0001
City Area Code	330
Local Phone Number	796-2121
Title of 12(b) Security	Common Stock, Without Par Value
Trading Symbol	GT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Auditor Name	Cleveland, Ohio
Auditor Location	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Entity Public Float			$ 3.9
Entity Common Stock Outstanding		283,954,995
Documents Incorporated by Reference	Portions of the Company’s Proxy Statement for the Annual Meeting of Shareholders to be held on April 8, 2024 are incorporated by reference in Part III.

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 785	$ 1,191
Work in process	206	187
Finished goods	2,707	3,193
Total inventory	$ 3,698	$ 4,571

Commitments and Contingent Liabilities - Changes in Warranty Reserve (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Movement in Standard and Extended Product Warranty
Warranty reserve, beginning of period	$ 28	$ 37
Payments made during the period	(19)	(43)
Expense recorded during the period	12	35
Translation adjustment	0	(1)
Warranty reserve, end of period	$ 21	$ 28

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The components of Income (Loss) before Income Taxes follow:



(In millions)	2023			2022		2021
U.S.	$	(325	)	$	41	$	(102	)
Foreign		(352	)		358		615
	$	(677	)	$	399	$	513

Reconciliation of Income Taxes at the U.S. Statutory Rate to United States and Foreign Tax Expense (Benefit)

A reconciliation of income taxes at the U.S. statutory rate to United States and Foreign Tax Expense (Benefit) follows:



(In millions)	2023			2022			2021
U.S. federal income tax expense (benefit) at the statutory rate of 21%	$	(142	)	$	84		$	108
Net foreign losses (income) with no tax due to valuation allowances		122			45			3
Goodwill impairment		34			—			—
State income taxes, net of U.S. federal benefit		(12	)		6			1
Adjustment for foreign income taxed at different rates and nontaxable foreign items		5			33			24
U.S. charges (benefits) related to foreign tax credits, R&D and foreign derived intangible deduction		4			(7	)		(4	)
Net establishment (release) of uncertain tax positions		(3	)		(4	)		(6	)
Deferred tax impact of enacted rate and law changes		—			(6	)		(61	)
Net establishment (release) of foreign valuation allowances and write off of deferred taxes		—			24			(1	)
Net establishment (release) of U.S. valuation allowances		—			—			(340	)
Other		2			15			9
United States and Foreign Tax Expense (Benefit)	$	10		$	190		$	(267	)

Components of United States and Foreign Tax Expense (Benefit)

The components of United States and Foreign Tax Expense (Benefit) by taxing jurisdiction, follow:



(In millions)	2023			2022			2021
Current:
Federal	$	37		$	—		$	1
Foreign		177			150			166
State		26			12			37
		240			162			204
Deferred:
Federal		(123	)		(28	)		(362	)
Foreign		(62	)		46			(23	)
State		(45	)		10			(86	)
		(230	)		28			(471	)
United States and Foreign Tax Expense (Benefit)	$	10		$	190		$	(267	)

Deferred Tax Assets and Liabilities

Temporary differences and carryforwards giving rise to deferred tax assets and liabilities at December 31 follow:



(In millions)	2023			2022
Tax loss carryforwards and credits	$	1,155		$	1,160
Capitalized research and development expenditures		490			481
Prepaid royalty income		427			457
Accrued expenses deductible as paid		343			320
Partnership basis differences		317			341
Other prepayments income		153			—
Postretirement benefits and pensions		87			63
Lease liabilities		82			70
Rationalizations and other provisions		58			52
Vacation and sick pay		25			26
Other		137			100
		3,274			3,070
Valuation allowance		(1,275	)		(1,072	)
Total deferred tax assets		1,999			1,998
Intangible property basis differences related to Cooper Tire acquisition		(205	)		(214	)
Property basis differences		(166	)		(407	)
Right-of-use assets		(81	)		(68	)
Total net deferred tax assets	$	1,547		$	1,309

Reconciliation of Unrecognized Tax Benefits

A summary of our unrecognized tax benefits and changes during the year follows:



(In millions)	2023			2022			2021
Balance at January 1	$	87		$	90		$	85
Increases related to prior year tax positions		5			10			28
Decreases related to prior year tax positions		—			—			(12	)
Settlements		(1	)		(12	)		(5	)
Foreign currency impact		4			(1	)		(7	)
Increases related to current year tax positions		—			2			3
Lapse of statute of limitations		(3	)		(2	)		(2	)
Balance at December 31	$	92		$	87		$	90

Cooper Tire Acquisition - Calculation of Merger Consideration (Details) - USD ($) $ in Millions	Jun. 07, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 781	$ 1,014	$ 1,004
Cooper Tire [Member]
Business Acquisition [Line Items]
Cash component of the Merger Consideration	$ 2,155
Cooper Tire [Member] \| Updated Preliminary Purchase Price Allocation [Member]
Business Acquisition [Line Items]
Cash and Cash Equivalents	231
Accounts Receivable	538
Inventories	708
Property, Plant and Equipment	1,346
Goodwill	633
Intangible Assets	926
Other Assets	360
Assets, Total	4,742
Accounts Payable - Trade	384
Compensation and Benefits	356
Debt, Finance Leases and Notes Payable and Overdrafts	151
Deferred Tax Liabilities, net	292
Other Liabilities	441
Minority Equity	21
Liabilities, Total	1,645
Merger Consideration	3,097
Cooper Tire [Member] \| Measurement Period Changes [Member]
Business Acquisition [Line Items]
Cash and Cash Equivalents	0
Accounts Receivable	(83)
Inventories	15
Property, Plant and Equipment	(26)
Goodwill	158
Intangible Assets	(160)
Other Assets	(2)
Assets, Total	(98)
Accounts Payable - Trade	(80)
Compensation and Benefits	(30)
Debt, Finance Leases and Notes Payable and Overdrafts	0
Deferred Tax Liabilities, net	(55)
Other Liabilities	67
Minority Equity	0
Liabilities, Total	(98)
Merger Consideration	0
Cooper Tire [Member] \| Initial Preliminary Purchase Price Allocation [Member]
Business Acquisition [Line Items]
Cash and Cash Equivalents	231
Accounts Receivable	621
Inventories	693
Property, Plant and Equipment	1,372
Goodwill	475
Intangible Assets	1,086
Other Assets	362
Assets, Total	4,840
Accounts Payable - Trade	464
Compensation and Benefits	386
Debt, Finance Leases and Notes Payable and Overdrafts	151
Deferred Tax Liabilities, net	347
Other Liabilities	374
Minority Equity	21
Liabilities, Total	1,743
Merger Consideration	$ 3,097

Pension, Other Postretirement Benefits and Savings Plans - Pension Plan Weighted Average Investment Allocation (Details)	Dec. 31, 2023	Dec. 31, 2022
UNITED STATES
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	100.00%	100.00%
Foreign Plan [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	100.00%	100.00%
Cash and short term securities \| UNITED STATES
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	0.00%	0.00%
Cash and short term securities \| Foreign Plan [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	2.00%	3.00%
Equity securities \| UNITED STATES
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	3.00%	6.00%
Equity securities \| Foreign Plan [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	4.00%	5.00%
Debt securities \| UNITED STATES
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	97.00%	93.00%
Debt securities \| Foreign Plan [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	91.00%	88.00%
Alternatives \| UNITED STATES
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	0.00%	1.00%
Alternatives \| Foreign Plan [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension plan weighted average investment allocation	3.00%	4.00%

Business Segments - Geographic Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 20,066	$ 20,805	$ 17,478
Long-Lived Assets	8,492	8,294
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	3,891	3,804
Long-Lived Assets	9,807	10,734	8,480
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	3,888	3,747
Long-Lived Assets	10,259	10,071	$ 8,998
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 713	$ 743

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Net Sales - Schedule of Balance of Deferred Revenue Related to Contracts with Customers (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Change in Contract with Customer, Liability [Roll Forward]
Balance at January 1	$ 34	$ 44
Revenue deferred during period	220	150
Revenue recognized during period	(225)	(159)
Impact of foreign currency translation	(1)	(1)
Balance at December 31	$ 28	$ 34

Other (Income) Expense (Tables)

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Schedule of Other Income and Expense



(In millions)	2023			2022			2021
Non-service related pension and other postretirement benefits cost	$	148		$	178		$	92
Interest income on a favorable indirect tax ruling in Brazil		—			—			(48	)
Financing fees and financial instruments expense		59			40			39
Net foreign currency exchange (gains) losses		87			12			29
Interest income		(84	)		(34	)		(24	)
General and product liability expense - discontinued products		6			5			—
Royalty income		(30	)		(27	)		(24	)
Net (gains) losses on asset sales		(104	)		(122	)		(20	)
Transaction costs		—			—			40
Miscellaneous (income) expense		26			23			10
	$	108		$	75		$	94

Pension, Other Postretirement Benefits and Savings Plans - Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Pension Plan [Member] \| UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Prior service (credit) cost	$ 3	$ 3
Net actuarial loss	1,744	1,836
Gross amount recognized	1,747	1,839
Deferred income taxes	103	81
Minority shareholders’ equity	0	0
Net amount recognized	1,850	1,920
Pension Plan [Member] \| Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service (credit) cost	22	22
Net actuarial loss	524	435
Gross amount recognized	546	457
Deferred income taxes	(77)	(59)
Minority shareholders’ equity	(4)	(4)
Net amount recognized	465	394
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service (credit) cost	(4)	(4)
Net actuarial loss	(85)	(96)
Gross amount recognized	(89)	(100)
Deferred income taxes	(2)	1
Minority shareholders’ equity	0	0
Net amount recognized	$ (91)	$ (99)

Financing Arrangements and Derivative Financial Instruments - Long Term Debt and Finance Leases, Net of Unamortized Discounts, and Interest Rates (Parenthetical) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	May 18, 2021	Apr. 06, 2021
Long-term Debt and Lease Obligation [Abstract]
Non-cash financing additions	$ 17	$ 20
9.5% due 2025 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	9.50%	9.50%
5% due 2026 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.00%	5.00%
4.875% due 2027 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	4.875%	4.875%	4.875%	4.875%
7.625% due 2027 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	7.625%	7.625%
7% due 2028 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	7.00%	7.00%
2.75% Euro Notes due 2028 \| Euro Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	2.75%	2.75%
5% due 2029 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.00%	5.00%
5.25% due April 2031 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.25%	5.25%
5.25% due July 2031 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.25%	5.25%
5.625% due 2033 \| Senior Notes
Long-term Debt and Lease Obligation [Abstract]
Interest rate, stated percentage	5.625%	5.625%

Pension, Other Postretirement Benefits and Savings Plans - Changes in Fair Value of Non-U.S. Pension Plan Insurance Contracts (Details) - Foreign Plan [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	$ 360
Ending balance	445	$ 360
Pension Plan [Member]
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	2,043	3,272
Foreign currency translation	88	(285)
Ending balance	2,146	2,043
Pension Plan [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	20
Ending balance	21	20
Pension Plan [Member] \| Fair Value, Inputs, Level 3 [Member] \| Defined Benefit Plan Alternatives Insurance Contracts [Member]
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	20	25
Unrealized gains relating to instruments still held at the reporting date	1	(3)
Foreign currency translation	0	(2)
Ending balance	$ 21	$ 20

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Costs Associated with Rationalization Programs - Narrative (Details) $ in Millions		1 Months Ended	3 Months Ended			12 Months Ended
	Nov. 15, 2023 USD ($)	Jan. 31, 2024 USD ($) Employee	Sep. 30, 2023 USD ($) Employee	Jun. 30, 2023 USD ($) Employee	Mar. 31, 2023 USD ($) Employee	Dec. 31, 2023 USD ($) Employee	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 15, 2023 ContractedAndTemporaryPositions	Nov. 15, 2023 Associates	Nov. 15, 2023 Employee	Dec. 31, 2020 USD ($)
Restructuring Cost and Reserve [Line Items]
Expected number of position to be released (in employees) \| Employee						3,250
Restructuring reserve						$ 534	$ 117	$ 88				$ 200
Rationalizations (Note 4)						502	129	93
Reversed to the Statement of Operations						(8)	(9)	(2)
Rationalization charges to date						1,470
Future rationalization charges expected						$ 260
Number of associates released \| Employee						800
Segment Operating Income						$ (677)	399	513
Accrued expenses deductible as paid						343	320
Restructuring Charges Excluding Reversals And Pension Gains						510	138	95
Other Current Liabilities						1,165	872
Asset write-offs and accelerated depreciation, net (Note 4)						36	37	1
Operating Segments
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						453	124	87
Segment Operating Income						968	1,276	1,288
Asset write-offs and accelerated depreciation, net (Note 4)						36	20	1
September 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Number Of Job Reduction \| Employee			700
Amiens Labor Claims
Restructuring Cost and Reserve [Line Items]
Restructuring reserve						5
Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						$ 29	18	74
Reversed to the Statement of Operations								(2)
Prior Year Plans \| Gadsden [Member]
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)								37
Current Year Plans
Restructuring Cost and Reserve [Line Items]
Expected number of position to be released (in employees) \| Employee						3,500
Rationalizations (Note 4)						$ 473	111	19
Number of associates released \| Employee						450
Europe, Middle East, and Africa Restructuring Plan - Operating Efficiency \| May 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Reduce production capacity	50.00%
EMEA, Fulda & Furstenwalde [Member] \| May 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Accrued expenses related to plans						$ 250
Number Of Job Reduction									250	1,500	1,750
Estimated Total PreTax Charges	$ 150
EMEA, Fulda & Furstenwalde [Member] \| 2024 [Member]
Restructuring Cost and Reserve [Line Items]
Expected cash outflows	25
EMEA, Fulda & Furstenwalde [Member] \| 2025 [Member]
Restructuring Cost and Reserve [Line Items]
Expected cash outflows	300
EMEA, Fulda & Furstenwalde [Member] \| Minimum \| May 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges	575
Restructuring Charges Excluding Reversals And Pension Gains	425
EMEA, Fulda & Furstenwalde [Member] \| Minimum \| 2024 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges	90
EMEA, Fulda & Furstenwalde [Member] \| Minimum \| 2025 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges	110
EMEA, Fulda & Furstenwalde [Member] \| Maximum \| May 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges	600
Restructuring Charges Excluding Reversals And Pension Gains	450
EMEA, Fulda & Furstenwalde [Member] \| Maximum \| 2024 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges	110
EMEA, Fulda & Furstenwalde [Member] \| Maximum \| 2025 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges	$ 130
Costs Reduction Plan [Member]
Restructuring Cost and Reserve [Line Items]
Number of associates released \| Employee				20
Estimated Total PreTax Charges				$ 6
Accrued expenses deductible as paid						5
Global Workforce Reorganization Plan [Member] \| January 2024 [Member]
Restructuring Cost and Reserve [Line Items]
Accrued expenses related to plans						8
Number Of Job Reduction \| Employee		250
Estimated Total PreTax Charges		$ 35				35
Restructuring Charges Excluding Reversals And Pension Gains		$ 30				10
Melksham [Member]
Restructuring Cost and Reserve [Line Items]
Asset write-offs and accelerated depreciation, net (Note 4)						17
Melksham [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						16
Cooper Tier [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve						35
Asset write-offs and accelerated depreciation, net (Note 4)						18
Cooper Tier [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						9
Europe Middle Eastand Africa Restructuring Plan Manufacturing Employee Severanceand Operating Efficiency [Member] \| September 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Expected number of position to be released (in employees) \| Employee			500
Accrued expenses related to plans						166
Number Of Job Reduction \| Employee			1,200
Europe Middle Eastand Africa Restructuring Plan Manufacturing Employee Severanceand Operating Efficiency [Member] \| Minimum \| September 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges			$ 210
Europe Middle Eastand Africa Restructuring Plan Manufacturing Employee Severanceand Operating Efficiency [Member] \| Maximum \| September 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges			$ 230
Europe Middle Eastand Africa Restructuring Plan Manufacturing Employee Severanceand Operating Efficiency [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						2
Europe Middle Eastand Africa Restructuring Plan Manufacturing Employee Severanceand Operating Efficiency [Member] \| Streamline EMEA Distribution Network Plan [Member]
Restructuring Cost and Reserve [Line Items]
Accrued expenses related to plans						18
Number of associates released \| Employee					10
Estimated Total PreTax Charges					$ 18
Exit of third party contract associates \| Employee					285
Europe Middle Eastand Africa Restructuring Plan Manufacturing Employee Severanceand Operating Efficiency [Member] \| Reduced Staffing Levels And Capacity plan [Member]
Restructuring Cost and Reserve [Line Items]
Accrued expenses related to plans						3
Number of associates released \| Employee					280
Estimated Total PreTax Charges					$ 3
Australia and New Zealand Operations [Member] \| September 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Accrued expenses related to plans						21
Number Of Job Reduction \| Employee			700
Australia and New Zealand Operations [Member] \| Minimum \| September 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges			$ 55
Restructuring Charges Excluding Reversals And Pension Gains			40
Australia and New Zealand Operations [Member] \| Maximum \| September 2023 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated Total PreTax Charges			65
Restructuring Charges Excluding Reversals And Pension Gains			$ 50
Gadsden Restructuring Plan To Offer Voluntary Buy Outs To Certain Associates [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						6	15
Discontinued operation in russia [Member]
Restructuring Cost and Reserve [Line Items]
Accounts Receivable, Allowance for Credit Loss, Recovery						10
Discontinued operation in russia [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						2
Reversals Charges [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						8	9
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve						17
Associate Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve						518	115	88				$ 200
Reversed to the Statement of Operations						(8)	(9)	(2)
Restructuring Charges Excluding Reversals And Pension Gains						453	110	52
Other Current Liabilities						239	106
Associate Related Costs [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						(5)	0	31
Associate Related Costs [Member] \| Current Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)						449	103	19
Modernizing Tire Manufacturing Facilities In Germany [Member]
Restructuring Cost and Reserve [Line Items]
Asset write-offs and accelerated depreciation, net (Note 4)						$ 10
Modernizing Tire Manufacturing Facilities In Germany [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)							7	26
Global SAG headcount [Member] \| Prior Year Plans
Restructuring Cost and Reserve [Line Items]
Rationalizations (Note 4)							$ 3	$ 10

Pension, Other Postretirement Benefits and Savings Plans - Changes in Benefit Obligation and Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in benefit obligation:
Curtailments/settlements/termination benefits	$ 40	$ 124	$ 43
UNITED STATES
Change in plan assets:
Beginning balance	202
Ending balance	203	202
Foreign Plan [Member]
Change in plan assets:
Beginning balance	360
Ending balance	445	360
Pension Plan [Member]
Change in benefit obligation:
Service cost — benefits earned	(37)
Actuarial loss	16
Pension Plan [Member] \| UNITED STATES
Change in benefit obligation:
Beginning balance	(4,084)	(5,798)
Service cost — benefits earned	(8)	(13)	(9)
Interest cost	(195)	(133)	(94)
Plan amendments	0	(6)
Actuarial loss	(98)	1,282
Participant contributions	0	0
Curtailments/settlements/termination benefits	355	233
Foreign currency translation	0	0
Benefit payments	371	351
Ending balance	(3,659)	(4,084)	(5,798)
Change in plan assets:
Beginning balance	4,174	5,720
Actual return on plan assets	290	(969)
Company contributions to plan assets		0
Company contributions to plan assets	(18)
Cash funding of direct participant payments	4	7
Participant contributions	0	0
Settlements	(355)	(233)
Foreign currency translation	0	0
Benefit payments	(371)	(351)
Ending balance	3,724	4,174	5,720
Funded status at end of year	65	90
Pension Plan [Member] \| Foreign Plan [Member]
Change in benefit obligation:
Beginning balance	(2,227)	(3,464)
Service cost — benefits earned	(18)	(24)	(30)
Interest cost	(108)	(60)	(47)
Plan amendments	0	1
Actuarial loss	(116)	881
Participant contributions	(3)	(3)
Curtailments/settlements/termination benefits	21	6
Foreign currency translation	(83)	287
Benefit payments	142	149
Ending balance	(2,392)	(2,227)	(3,464)
Change in plan assets:
Beginning balance	2,043	3,272
Actual return on plan assets	102	(845)
Company contributions to plan assets	42	32
Cash funding of direct participant payments	26	21
Participant contributions	3	3
Settlements	(16)	(6)
Foreign currency translation	88	(285)
Benefit payments	(142)	(149)
Ending balance	2,146	2,043	3,272
Funded status at end of year	(246)	(184)
Other Postretirement Benefits Plan [Member]
Change in benefit obligation:
Beginning balance	(292)	(406)
Service cost — benefits earned	(2)	(3)	(3)
Interest cost	(16)	(12)	(9)
Plan amendments	0	0
Actuarial loss	(1)	103
Participant contributions	(7)	(8)
Curtailments/settlements/termination benefits	0	0
Foreign currency translation	(1)	5
Benefit payments	32	29
Ending balance	(287)	(292)	(406)
Change in plan assets:
Beginning balance	0	0
Actual return on plan assets	0	0
Company contributions to plan assets	0	0
Cash funding of direct participant payments	25	21
Participant contributions	7	8
Settlements	0	0
Foreign currency translation	0	0
Benefit payments	(32)	(29)
Ending balance	0	0	$ 0
Funded status at end of year	(287)	(292)
Other Postretirement Benefits Plan [Member] \| UNITED STATES
Change in plan assets:
Funded status at end of year	195	205
Other Postretirement Benefits Plan [Member] \| Foreign Plan [Member]
Change in plan assets:
Funded status at end of year	$ 92	$ 87

Cooper Tire Acquisition

12 Months Ended

Dec. 31, 2023

Cooper Tire [Member]

Business Acquisition [Line Items]

Cooper Tire Acquisition

Note 2. Cooper Tire Acquisition

On June 7, 2021, we completed our acquisition of Cooper Tire for cash and stock consideration of $2,155 million and $942 million, respectively, or approximately $3.1 billion in total (the "Merger Consideration"). The cash component of the Merger Consideration less cash and restricted cash of Cooper Tire that was acquired amounted to $1,856 million.

Under the acquisition method of accounting, the Merger Consideration is allocated, as of the Closing Date, to the identifiable assets acquired and liabilities assumed of Cooper Tire, which are recognized and measured at fair value based on management’s estimates, available information and supportable assumptions that management considers reasonable.

During the second quarter of 2022, we finalized our valuation of the identified assets acquired and liabilities assumed. No significant measurement period changes were recorded during the six months ended June 30, 2022. Principal changes since our initial measurement in the second quarter of 2021 included (i) decreasing the value attributed to customer relationships primarily to reflect updated assumptions related to customer attrition rates, (ii) updating the value attributed to trade names to reflect our long-term view of how each acquired brand fits into the overall product portfolio of the combined company and the appropriate royalty rate to value each acquired brand based on expected profitability, (iii) decreasing the value attributed to Property, Plant and Equipment primarily to reflect updated assumptions related to the estimated economic value of certain underlying assets, (iv) decreasing the value attributed to pension and other postretirement benefit liabilities primarily to reflect updated plan population data, (v) increasing the value attributed to a liability for environmental matters primarily to reflect updated estimated lifecycle remediation cost data and recording other liabilities identified during the measurement period, and (vi) a reclassification between Accounts Receivable and Accounts Payable to conform to Goodyear's classification of customer rebate and discount program liabilities. These adjustments were recorded net of adjustments to Deferred Tax Liabilities with the corresponding offset recorded to Goodwill, as applicable.

The following table sets forth cumulative measurement period changes from the Closing Date to the second quarter of 2022 when our purchase accounting was finalized, as well as the final and initial allocation of the Merger Consideration to the estimated fair value of the identifiable tangible and intangible assets acquired and liabilities assumed of Cooper Tire, with the excess recorded to Goodwill as of the Closing Date:


(In millions)	Final Purchase Price Allocation		Cumulative Measurement Period Changes			Initial Purchase Price Allocation
Cash and Cash Equivalents	$	231	$	—		$	231
Accounts Receivable		538		(83	)		621
Inventories		708		15			693
Property, Plant and Equipment		1,346		(26	)		1,372
Goodwill		633		158			475
Intangible Assets		926		(160	)		1,086
Other Assets		360		(2	)		362
		4,742		(98	)		4,840

Accounts Payable — Trade		384		(80	)		464
Compensation and Benefits		356		(30	)		386
Debt, Finance Leases and Notes Payable and Overdrafts		151		—			151
Deferred Tax Liabilities, net		292		(55	)		347
Other Liabilities		441		67			374
Minority Equity		21		—			21
		1,645		(98	)		1,743
Merger Consideration	$	3,097	$	—		$	3,097

The estimated value of Inventory includes adjustments totaling $245 million, comprised of $135 million, primarily to adjust inventory valued on a last-in, first-out ("LIFO") basis to a current cost basis, and $110 million to step-up inventory to estimated fair value. The fair value step-up was fully amortized to CGS in 2021 as the related inventory was sold, which negatively impacted our 2021 results. We eliminated the LIFO reserve on Cooper Tire’s U.S. inventories as we predominately determine the value of our inventory using the first-in, first-out ("FIFO") method. To estimate the fair value of inventory, we considered the components of Cooper Tire’s inventory, as well as estimates of selling prices and selling and distribution costs that were based on Cooper Tire’s historical experience.

The estimated value of Property, Plant and Equipment includes adjustments totaling $138 million to increase the net book value of $1,208 million to the final fair value estimate of $1,346 million. This estimate is based on a combination of cost and market approaches, including appraisals, and expectations as to the duration of time we expect to realize benefits from those assets.

The estimated fair values of identifiable intangible assets acquired were prepared using an income valuation approach, which requires a forecast of expected future cash flows either through the use of the relief-from-royalty method or the multi-period excess earnings method. The estimated useful lives are based on our historical experience and expectations as to the duration of time we expect to realize benefits from those assets.

The estimated fair values of the identifiable intangible assets acquired, their weighted average estimated useful lives and the related valuation methodology are as follows:


(In millions, except years)	Final Fair Value		Cumulative Measurement Period Changes			Initial Fair Value		Weighted Average Useful Lives	Valuation Methodology
Trade names (indefinite-lived)	$	560	$	250		$	310	N/A	Relief-from-royalty
Trade names (definite-lived)		10		(30	)		40	14 years	Relief-from-royalty
Customer relationships		350		(380	)		730	12 years	Multi-period excess earnings
Non-compete and other		6		—			6	2 years	Discounted cash flow
	$	926	$	(160	)	$	1,086

All of the goodwill was allocated to our Americas segment. The goodwill consists of expected future economic benefits that will arise from expected future product sales, operating efficiencies and other synergies that may result from the acquisition, including income tax synergies, and is not deductible for tax purposes.

Since the Closing Date, Cooper Tire’s operating results have been included in our Consolidated Statements of Operations. As such, during the years ended December 31, 2023 and 2022, our results included the results of Cooper Tire for the entire period, while the comparable period in 2021 only included the results of Cooper Tire subsequent to the Closing Date. Our Consolidated Statement of Operations for the year ended December 31, 2022 includes an incremental $1,532 million and $1,194 million of Net Sales and CGS, respectively, from Cooper Tire during the first six months of 2022. As a result of our ongoing integration efforts, particularly as it relates to administrative functions and financing activities, it is not practical to disclose Income before Income Taxes or Net Income separately for Cooper Tire.

During the year ended December 31, 2021, we incurred transaction and other costs in connection with the acquisition of Cooper Tire totaling $56 million, including $10 million for a commitment fee related to a bridge term loan facility that was not utilized to finance the transaction and $6 million related to the post-combination settlement of certain Cooper Tire incentive compensation awards during the second quarter of 2021. For the year ended December 31, 2021, $50 million of these costs are included in Other (Income) Expense, with the remainder included in CGS and SAG in our Consolidated Statements of Operations. There were no transaction-related costs incurred during the years ended December 31, 2023 and 2022.

Pro forma financial information

The following table summarizes, on a pro forma basis, the combined results of operations of Goodyear and Cooper Tire for the year ended December 31, 2021 as though the acquisition and the related financing had occurred as of January 1, 2020. The pro forma results are not necessarily indicative of either the actual consolidated results had the acquisition of Cooper Tire occurred on January 1, 2020, nor are they indicative of future consolidated operating results.


	Year Ended December 31,
(In millions)	2021
Net Sales	$	18,732
Income before Income Taxes		791
Goodyear Net Income		974

These pro forma amounts have been calculated after applying Goodyear’s accounting policies and making certain adjustments, which primarily include: (i) depreciation adjustments relating to fair value step-ups to property, plant and equipment; (ii) amortization adjustments relating to fair value estimates of acquired intangible assets; (iii) incremental interest expense associated with the $1.45 billion senior note issuance and additional borrowings under our first lien revolving credit facility used, in part, to fund the acquisition, related debt issuance costs, and fair value adjustments related to Cooper Tire's debt; (iv) CGS adjustments relating to the change from LIFO to FIFO; (v) fair value adjustments for certain Cooper Tire stock-based compensation; and (vi) transaction-related costs of both Goodyear and Cooper Tire.

Income Taxes - Reconciliation of Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
U.S. federal income tax expense (benefit) at the statutory rate of 21%	$ (142)	$ 84	$ 108
Net foreign losses (income) with no tax due to valuation allowances	122	45	3
Goodwill impairment	34	0	0
State income taxes, net of U.S. federal benefit	(12)	6	1
Adjustment for foreign income taxed at different rates and nontaxable foreign items	5	33	24
U.S. charges (benefits) related to foreign tax credits, R&D and foreign derived intangible deduction	4	(7)	(4)
Deferred tax impact of enacted tax rate and law changes	0	(6)	(61)
Net establishment (release) of uncertain tax positions	(3)	(4)	(6)
Other	2	15	9
United States and Foreign Tax Expense (Benefit)	10	190	(267)
Foreign Tax Authority
Income Taxes [Line Items]
Net establishment (release) of foreign valuation allowances and write off of deferred taxes	0	24	(1)
Domestic Tax Authority
Income Taxes [Line Items]
Deferred tax impact of enacted tax rate and law changes			21
Net establishment (release) of foreign valuation allowances and write off of deferred taxes	$ 0	$ 0	$ (340)

Interest Expense

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Interest Expense

Note 5. Interest Expense

Interest expense includes interest and the amortization of deferred financing fees and debt discounts, less amounts capitalized, as follows:



(In millions)	2023			2022			2021
Interest expense before capitalization	$	559		$	470		$	403
Capitalized interest		(27	)		(19	)		(16	)
	$	532		$	451		$	387

Cash payments for interest, net of amounts capitalized, were $514 million, $437 million and $316 million in 2023, 2022 and 2021, respectively.

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ (689)	$ 202	$ 764

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
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+ Details

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 12. Goodwill and Intangible Assets

The following table presents the net carrying amount of goodwill allocated by segment, and changes during 2023:



(In millions)	Balance at December 31, 2022		Acquisitions		Divestitures		Impairment			Translation			Balance at December 31, 2023
Americas	$	724	$	—	$	—	$	—		$	—		$	724
Europe, Middle East and Africa (1)		232		—		—		(230	)		(2	)		—
Asia Pacific		58		—		—		—			(1	)		57
	$	1,014	$	—	$	—	$	(230	)	$	(3	)	$	781

The following table presents the net carrying amount of goodwill allocated by segment, and changes during 2022:



(In millions)	Balance at December 31, 2021		Acquisitions		Divestitures			Translation			Balance at December 31, 2022
Americas	$	709	$	15	$	—		$	—		$	724
Europe, Middle East and Africa		231		18		(3	)		(14	)		232
Asia Pacific		64		—		—			(6	)		58
	$	1,004	$	33	$	(3	)	$	(20	)	$	1,014

(1) The decrease during 2023 was due to the EMEA goodwill impairment. The accumulated amount of impairment recognized against EMEA's goodwill is $412 million.

The following table presents information about intangible assets at December 31:


	2023							2022
(In millions)	Gross Carrying Amount(1)		Accumulated Amortization(1)			Net Carrying Amount		Gross Carrying Amount(1)		Accumulated Amortization(1)			Net Carrying Amount
Intangible assets with indefinite lives	$	687	$	(6	)	$	681	$	687	$	(6	)	$	681
Customer relationships		350		(77	)		273		350		(48	)		302
Other intangible assets		30		(25	)		5		31		(20	)		11
Trademarks and patents		29		(19	)		10		30		(20	)		10
	$	1,096	$	(127	)	$	969	$	1,098	$	(94	)	$	1,004

(1)

Includes impact of foreign currency translation.

Intangible assets are primarily comprised of rights to use the Cooper and Dunlop brand names and related trademarks, Cooper Tire customer relationships, and certain other brand names and trademarks.

Amortization expense for intangible assets totaled $33 million in 2023, $35 million in 2022, and $21 million in 2021. We estimate that annual amortization expense related to intangible assets will be $32 million in 2024, and an average of $30 million in 2025 through 2028. The weighted average remaining amortization period is approximately 9 years.

As part of our annual impairment analysis as of October 31, 2023, we completed a quantitative impairment analysis at our North America, Asia Pacific and EMEA reporting units to determine if their fair values were less than their carrying amounts. We determined the estimated fair value for the reporting units based on their discounted cash flow projections and market values for comparable businesses. The most critical assumptions used in the calculation of the fair value of each reporting unit are the projected revenue, projected operating margin, discount rate and the selection of the market multiples. Based on the quantitative test, the fair values of the North America and Asia Pacific reporting units substantially exceeded their carrying values. As previously disclosed, during the third quarter of 2023, we reduced the near-term and long-term outlook of our EMEA segment based on recent business performance and the industry outlook. As a result, we performed a quantitative analysis as of September 30, 2023 of the fair value of the EMEA reporting unit, which resulted in an estimated fair value that exceeded its carrying value, including goodwill. During the fourth quarter of 2023, the industry continued to decline, which resulted in a further reduction in our near-term and long-term outlook to include the updated industry outlook and additional strategic actions and rationalizations. The forecast resulted in lower than previously projected cash flows for the EMEA reporting unit, which negatively affected the valuation compared to the previous valuation. As a result, the fair value of the EMEA reporting unit as of October 31, 2023, was less than its carrying value, resulting in a non-cash impairment charge of $230 million during the fourth quarter of 2023.

As part of our annual impairment analysis as of October 31, 2023, we completed a quantitative impairment analysis of our indefinite-lived intangible assets to determine if their fair values were less than their carrying amounts. We determined the fair

value of the indefinite-lived intangible assets using the relief from royalty method, which calculates the cost savings associated with owning rather than licensing the assets. The most critical assumptions used in the calculation of the fair value are projected revenue, discount rate and royalty rate. Based on the results of the quantitative impairment analyses, the Company determined that no impairment was required as the estimated fair values of our indefinite-lived intangible assets exceeded or approximated their respective carrying values. We identified $530 million of indefinite-lived intangible assets related to the recent Cooper Tire acquisition, which have carrying values that approximate the estimated fair value as of the annual impairment testing date and no impairment was required.

We assessed the period from October 31, 2023 to December 31, 2023 and determined there were no factors that caused us to change our conclusions as of October 31, 2023. Future changes in the judgments, assumptions and estimates that are used in our impairment testing for goodwill and indefinite-lived intangible assets, including discount rates, royalty rates and cash flow projections, could result in significantly different estimates of the fair values. A significant reduction in the estimated fair values could result in additional impairment charges that could adversely affect our results of operations.

Business Segments - Capital Expenditures Depreciation and Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Capital Expenditures	$ 1,050	$ 1,061	$ 981
Depreciation and amortization	1,001	964	883
Operating Segments
Segment Reporting Information [Line Items]
Capital Expenditures	1,019	1,013	942
Depreciation and amortization	960	913	845
Operating Segments \| Americas
Segment Reporting Information [Line Items]
Capital Expenditures	638	611	537
Depreciation and amortization	580	561	486
Operating Segments \| Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Capital Expenditures	255	258	270
Depreciation and amortization	239	208	213
Operating Segments \| Asia Pacific
Segment Reporting Information [Line Items]
Capital Expenditures	126	144	135
Depreciation and amortization	141	144	146
Corporate
Segment Reporting Information [Line Items]
Capital Expenditures	31	48	39
Depreciation and amortization	$ 41	$ 51	$ 38

Pension, Other Postretirement Benefits and Savings Plans - Benefit Costs and Amounts Recognized in Other Comprehensive (Income) Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Benefits cost (credit):
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense	Interest Expense	Interest Expense
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement and Curtailment Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Defined Benefit Plan Curtailments And Settlements	Defined Benefit Plan Curtailments And Settlements	Defined Benefit Plan Curtailments And Settlements
Pension Plan [Member]
Benefits cost (credit):
Service cost	$ 37
Other Postretirement Benefits Plan [Member]
Benefits cost (credit):
Service cost	2	$ 3	$ 3
Interest cost	16	12	9
Expected return on plan assets	$ 0	$ 0	$ 0
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax
Amortization of prior service cost (credit)	$ (1)	$ (1)	$ (6)
Amortization of net losses	$ (9)	$ 2	$ 3
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax
Net periodic cost	$ 8	$ 16	$ 9
Net curtailments/settlements /termination benefits	0	0	0
Benefits cost	8	16	9
Recognized in other comprehensive (income) loss before tax and minority:
Prior service cost (credit) from plan amendments	0	0	(4)
(Decrease) increase in net actuarial losses	1	(101)	(20)
Amortization of prior service (cost) credit in net periodic cost	1	1	6
Amortization of net losses in net periodic cost	9	(2)	(3)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	0	0	0
Total recognized in other comprehensive (income) loss before tax and minority	11	(102)	(21)
Total recognized in total benefits cost and other comprehensive (income) loss before tax and minority	19	(86)	(12)
UNITED STATES \| Pension Plan [Member]
Benefits cost (credit):
Service cost	8	13	9
Interest cost	195	133	94
Expected return on plan assets	$ (231)	$ (214)	$ (196)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax
Amortization of prior service cost (credit)	$ 0	$ 0	$ 0
Amortization of net losses	98	101	107
Net periodic cost	70	33	14
Net curtailments/settlements /termination benefits	34	124	41
Benefits cost	104	157	55
Recognized in other comprehensive (income) loss before tax and minority:
Prior service cost (credit) from plan amendments	0	6	0
(Decrease) increase in net actuarial losses	40	(99)	(45)
Amortization of prior service (cost) credit in net periodic cost	0	0	0
Amortization of net losses in net periodic cost	(98)	(101)	(107)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	(34)	(124)	(41)
Total recognized in other comprehensive (income) loss before tax and minority	(92)	(318)	(193)
Total recognized in total benefits cost and other comprehensive (income) loss before tax and minority	12	(161)	(138)
UNITED STATES \| Other Postretirement Benefits Plan [Member]
Benefits cost (credit):
Benefits cost	5	12	5
Foreign Plan [Member] \| Pension Plan [Member]
Benefits cost (credit):
Service cost	18	24	30
Interest cost	108	60	47
Expected return on plan assets	$ (92)	$ (67)	$ (48)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax
Amortization of prior service cost (credit)	$ 2	$ 2	$ 1
Amortization of net losses	16	21	33
Net periodic cost	52	40	63
Net curtailments/settlements /termination benefits	7	0	2
Benefits cost	59	40	65
Recognized in other comprehensive (income) loss before tax and minority:
Prior service cost (credit) from plan amendments	(0)	(1)	3
(Decrease) increase in net actuarial losses	120	(10)	(136)
Amortization of prior service (cost) credit in net periodic cost	(2)	(2)	(2)
Amortization of net losses in net periodic cost	(16)	(21)	(33)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	(13)	0	(2)
Total recognized in other comprehensive (income) loss before tax and minority	89	(34)	(170)
Total recognized in total benefits cost and other comprehensive (income) loss before tax and minority	148	6	(105)
Foreign Plan [Member] \| Other Postretirement Benefits Plan [Member]
Benefits cost (credit):
Benefits cost	$ 3	$ 4	$ 4

Pension, Other Postretirement Benefits and Savings Plans - Weighted Average Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Plan [Member] \| UNITED STATES
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate, benefit obligations	5.12%	5.45%
Discount rate for determining interest costs, benefit costs	5.34%	2.74%	1.72%
Expected long term return on plan assets, benefit costs	6.27%	4.23%	3.74%
Pension Plan [Member] \| Foreign Plan [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate, benefit obligations	4.29%	4.69%
Rate of compensation increase, benefit obligations	2.82%	2.84%
Discount rate for determining interest costs, benefit costs	4.72%	2.32%	1.82%
Expected long term return on plan assets, benefit costs	4.79%	2.64%	2.27%
Rate of compensation increase, benefit cost	2.84%	2.77%	2.89%
Other Postretirement Benefits Plan [Member] \| UNITED STATES
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate, benefit obligations	5.16%	5.51%
Discount rate for determining interest costs, benefit costs	5.37%	2.33%	1.97%
Other Postretirement Benefits Plan [Member] \| Foreign Plan [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate, benefit obligations	6.38%	6.75%
Discount rate for determining interest costs, benefit costs	7.64%	6.65%	6.54%

Financing Arrangements and Derivative Financial Instruments - Classification of Changes in Fair Values of Foreign Currency Contracts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income On Derivatives [Line Items]
Amount of gains (losses) deferred to AOCL	$ (5)	$ 0	$ 1
Reclassification adjustment for amounts recognized in CGS	4	$ (2)	$ (2)
Cash flow hedge gain (loss) to be reclassified within twelve months	$ (2)

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss by Component, After Tax and Minority Interest

The following table presents changes in AOCL by component for the years ended December 31, 2023, 2022 and 2021, after tax and minority interest:



(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) from Securities		Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2020	$	(1,284	)	$	—	$	(2,856	)	$	5		$	(4,135	)
Other comprehensive income (loss) before reclassifications		(118	)		—		153			1			36
Amounts reclassified from accumulated other comprehensive loss		—			—		138			(2	)		136
Balance at December 31, 2021	$	(1,402	)	$	—	$	(2,565	)	$	4		$	(3,963	)
Other comprehensive income (loss) before reclassifications		(261	)		1		162			—			(98	)
Amounts reclassified from accumulated other comprehensive loss		—			—		188			(2	)		186
Balance at December 31, 2022	$	(1,663	)	$	1	$	(2,215	)	$	2		$	(3,875	)
Other comprehensive income (loss) before reclassifications		50			—		(125	)		(5	)		(80	)
Amounts reclassified from accumulated other comprehensive loss		—			—		116			4			120
Balance at December 31, 2023	$	(1,613	)	$	1	$	(2,224	)	$	1		$	(3,835	)

Reclassifications out of Accumulated Other Comprehensive Loss

The following table presents reclassifications out of AOCL for the years ended December 31, 2023, 2022 and 2021:


	Year Ended December 31,
(In millions) (Income) Expense	2023			2022			2021
Component of AOCL	Amount Reclassified from AOCL									Affected Line Item in the Consolidated Statements of Operations
Amortization of prior service cost and unrecognized gains and losses	$	106		$	125		$	139		Other (Income) Expense
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures		47			124			43		Other (Income) Expense / Rationalizations
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	$	153		$	249		$	182
Tax effect		(37	)		(61	)		(44	)	United States and Foreign Taxes
Net of tax	$	116		$	188		$	138		Goodyear Net Income (Loss)
Deferred Derivative (Gains) Losses	$	4		$	(2	)	$	(2	)	Cost of Goods Sold
Tax effect		—			—			—		United States and Foreign Taxes
Net of tax	$	4		$	(2	)	$	(2	)	Goodyear Net Income (Loss)
Total reclassifications	$	120		$	186		$	136		Goodyear Net Income (Loss)

Comprehensive Income (Loss) Attributable to Minority Shareholders

The following table presents the details of comprehensive income (loss) attributable to minority shareholders:


	Year Ended December 31,
(In millions)	2023		2022			2021
Net Income Attributable to Minority Shareholders	$	2	$	7		$	16
Other Comprehensive Income (Loss):
Foreign currency translation		4		(14	)		(21	)
Decrease/Increase in net actuarial losses		—		(3	)		1
Other Comprehensive Income (Loss)	$	4	$	(17	)	$	(20	)
Comprehensive Income (Loss) Attributable to Minority Shareholders	$	6	$	(10	)	$	(4	)

Costs Associated with Rationalization Programs (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Roll-Forward of Liability Balance

The following table presents the roll-forward of the liability balance between periods:



(In millions)	Associate- Related Costs			Other Costs			Total
Balance at December 31, 2020	$	200		$	—		$	200
2021 charges		52			43			95
Incurred, net of foreign currency translation of $(8) million and $0 million, respectively		(162	)		(43	)		(205	)
Reversed to the Statement of Operations		(2	)		—			(2	)
Balance at December 31, 2021	$	88		$	—		$	88
2022 charges		110			28			138
Incurred, net of foreign currency translation of ($5) million and $0 million, respectively		(74	)		(26	)		(100	)
Reversed to the Statement of Operations		(9	)		—			(9	)
Balance at December 31, 2022	$	115		$	2		$	117
2023 charges		453			57			510
Incurred, net of foreign currency translation of $14 million and $0 million, respectively		(42	)		(43	)		(85	)
Reversed to the Statement of Operations		(8	)		—			(8	)
Balance at December 31, 2023	$	518		$	16		$	534

Net Rationalization Charges Included in Income (Loss) Before Income Taxes

The following table shows net rationalization charges included in Income (Loss) before Income Taxes:



(In millions)	2023			2022		2021
Current Year Plans
Associate severance and other related costs	$	449		$	103	$	19
Benefit plan curtailment and special termination benefits		1			—		—
Other exit costs		23			8		—
Current Year Plans - Net Charges	$	473		$	111	$	19
Prior Year Plans
Associate severance and other related costs	$	(5	)	$	—	$	31
Other exit costs		34			18		43
Prior Year Plans - Net Charges	$	29		$	18	$	74
Total Net Charges	$	502		$	129	$	93
Asset write-off and accelerated depreciation charges, net	$	36		$	30	$	1

Net Sales - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net Sales	$ 20,066	$ 20,805	$ 17,478
Tire unit sales
Disaggregation of Revenue [Line Items]
Net Sales	17,288	17,886	14,917
Other tire and related sales
Disaggregation of Revenue [Line Items]
Net Sales	1,411	1,421	1,202
Retail services and service related sales
Disaggregation of Revenue [Line Items]
Net Sales	869	813	758
Chemical sales
Disaggregation of Revenue [Line Items]
Net Sales	467	654	569
Other
Disaggregation of Revenue [Line Items]
Net Sales	31	31	32
Americas
Disaggregation of Revenue [Line Items]
Net Sales	11,993	12,766	10,051
Americas \| Tire unit sales
Disaggregation of Revenue [Line Items]
Net Sales	10,028	10,694	8,221
Americas \| Other tire and related sales
Disaggregation of Revenue [Line Items]
Net Sales	790	746	653
Americas \| Retail services and service related sales
Disaggregation of Revenue [Line Items]
Net Sales	685	645	587
Americas \| Chemical sales
Disaggregation of Revenue [Line Items]
Net Sales	467	654	569
Americas \| Other
Disaggregation of Revenue [Line Items]
Net Sales	23	27	21
Europe, Middle East & Africa
Disaggregation of Revenue [Line Items]
Net Sales	5,606	5,645	5,243
Europe, Middle East & Africa \| Tire unit sales
Disaggregation of Revenue [Line Items]
Net Sales	4,924	4,943	4,669
Europe, Middle East & Africa \| Other tire and related sales
Disaggregation of Revenue [Line Items]
Net Sales	532	582	454
Europe, Middle East & Africa \| Retail services and service related sales
Disaggregation of Revenue [Line Items]
Net Sales	150	120	112
Europe, Middle East & Africa \| Chemical sales
Disaggregation of Revenue [Line Items]
Net Sales	0	0	0
Europe, Middle East & Africa \| Other
Disaggregation of Revenue [Line Items]
Net Sales	0	0	8
Asia Pacific
Disaggregation of Revenue [Line Items]
Net Sales	2,467	2,394	2,184
Asia Pacific \| Tire unit sales
Disaggregation of Revenue [Line Items]
Net Sales	2,336	2,249	2,027
Asia Pacific \| Other tire and related sales
Disaggregation of Revenue [Line Items]
Net Sales	89	93	95
Asia Pacific \| Retail services and service related sales
Disaggregation of Revenue [Line Items]
Net Sales	34	48	59
Asia Pacific \| Chemical sales
Disaggregation of Revenue [Line Items]
Net Sales	0	0	0
Asia Pacific \| Other
Disaggregation of Revenue [Line Items]
Net Sales	$ 8	$ 4	$ 3

Stock Compensation Plans - Option Groups Outstanding (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average exercise price for options exercisable (in dollars per share)	$ 20.12
Options outstanding, weighted average remaining contractual term	4 years 6 months
Options exercisable, weighted average remaining contractual term	3 years 10 months 24 days
All Other Grant Dates
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Other options exercise price range, lower range limit (in dollars per share)	$ 22.27
Other options exercise price range, upper range limit (in dollars per share)	32.72
Weighted average exercise price for options exercisable (in dollars per share)	$ 27.61
Options outstanding, weighted average remaining contractual term	1 year 4 months 24 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents (Note 1)	$ 902	$ 1,227
Accounts Receivable (Note 10)	2,731	2,610
Inventories (Note 11)	3,698	4,571
Prepaid Expenses and Other Current Assets	319	257
Total Current Assets	7,650	8,665
Goodwill (Note 12)	781	1,014
Intangible Assets (Note 12)	969	1,004
Deferred Income Taxes (Note 7)	1,630	1,443
Other Assets (Note 13)	1,075	1,035
Operating Lease Right-of-Use Assets (Note 15)	985	976
Property, Plant and Equipment (Note 14)	8,492	8,294
Total Assets	21,582	22,431
Current Liabilities:
Accounts Payable — Trade	4,326	4,803
Compensation and Benefits (Notes 18 and 19)	663	643
Other Current Liabilities	1,165	872
Notes Payable and Overdrafts (Note 16)	344	395
Operating Lease Liabilities due Within One Year (Note 15)	200	199
Long Term Debt and Finance Leases due Within One Year (Notes 15 and 16)	449	228
Total Current Liabilities	7,147	7,140
Operating Lease Liabilities (Note 15)	825	821
Long Term Debt and Finance Leases (Notes 15 and 16)	6,831	7,267
Compensation and Benefits (Notes 18 and 19)	974	998
Deferred Income Taxes (Note 7)	83	134
Other Long Term Liabilities	885	605
Total Liabilities	16,745	16,965
Commitments and Contingent Liabilities (Note 20)
Goodyear Shareholders’ Equity:
Common Stock, no par value: Authorized, 450 million shares, Outstanding shares - 284 million (283 million in 2022)	284	283
Capital Surplus	3,133	3,117
Retained Earnings	5,086	5,775
Accumulated Other Comprehensive Loss (Note 22)	(3,835)	(3,875)
Goodyear Shareholders’ Equity	4,668	5,300
Minority Shareholders’ Equity — Nonredeemable	169	166
Total Shareholders’ Equity	4,837	5,466
Total Liabilities and Shareholders’ Equity	$ 21,582	$ 22,431

Other Assets and Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Notes And Loans Receivable [Line Items]
Dividends received from consolidated subsidiaries	$ 150	$ 115	$ 177
Dividends received from affiliates accounted for using the equity method	19	7	6
Net Income (Loss)	(687)	209	780
Tire Hub Limited [Member]
Accounts Notes And Loans Receivable [Line Items]
Net Income (Loss)	(25)	1	4
ACTR Company Lltd [Member]
Accounts Notes And Loans Receivable [Line Items]
Net Income (Loss)	$ 15	12	$ 4
ACTR Company Limited [Member]
Accounts Notes And Loans Receivable [Line Items]
Equity ownership percentage	35.00%
ACTR Company Limited [Member] \| Cooper Tire [Member]
Accounts Notes And Loans Receivable [Line Items]
Value of joint venture acquired	$ 76	70
Equity stake acquired	35.00%
TireHub [Member]
Accounts Notes And Loans Receivable [Line Items]
Equity ownership percentage	50.00%
TireHub [Member] \| Other Assets
Accounts Notes And Loans Receivable [Line Items]
Equity method investments	$ 22	60
Loan receivable, outstanding	96	$ 17
Interest receivable	$ 2

Pension, Other Postretirement Benefits and Savings Plans - Funded Status Recognized in the Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Noncurrent liabilities	$ (974)	$ (998)
Pension Plan [Member] \| UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets	155	164
Current liabilities	(14)	(4)
Noncurrent liabilities	(76)	(70)
Net amount recognized	65	90
Pension Plan [Member] \| Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets	215	258
Current liabilities	(28)	(21)
Noncurrent liabilities	(433)	(421)
Net amount recognized	(246)	(184)
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets	0	0
Current liabilities	(24)	(24)
Noncurrent liabilities	(263)	(268)
Net amount recognized	$ (287)	$ (292)

- Definition

Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans.

+ References + Details

Financing Arrangements and Derivative Financial Instruments - Long Term Debt and Finance Leases, Net of Unamortized Discounts, and Interest Rates (Details) - USD ($)
$ in Millions

Dec. 31, 2023

Dec. 31, 2022

May 18, 2021

Apr. 06, 2021

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 7,049

$ 7,286

Unamortized deferred financing fees

(37)

(46)

Total long term debt excluding capital leases

7,012

7,240

Finance lease obligations

^[1]

268

255

Long-term debt and capital leases

7,280

7,495

Less portion due within one year

(449)

(228)

Long-term debt and capital leases, excluding current maturities

6,831

7,267

Other Foreign and Domestic Debt

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

^[2]

591

650

Less portion due within one year

$ (395)

$ (92)

Interest rate

^[2]

7.44%

6.58%

9.5% due 2025 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 801

$ 802

Interest rate, stated percentage

9.50%

5% due 2026 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 900

Interest rate, stated percentage

5.00%

4.875% due 2027 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 700

Interest rate, stated percentage

4.875%

7.625% due 2027 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 128

$ 131

Interest rate, stated percentage

7.625%

7% due 2028 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 150

Interest rate, stated percentage

7.00%

2.75% Euro Notes due 2028 | Euro Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 442

$ 427

Interest rate, stated percentage

2.75%

5% due 2029 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 850

Interest rate, stated percentage

5.00%

5.25% due April 2031 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 550

Interest rate, stated percentage

5.25%

5.25% due July 2031 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 600

Interest rate, stated percentage

5.25%

5.625% due 2033 | Senior Notes

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 450

Interest rate, stated percentage

5.625%

First lien revolving credit facility due 2026 | Revolving Credit Facility | Line of Credit

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 385

$ 0

Interest rate

6.71%

0.00%

European Revolving Credit Facility Due 2028 | Revolving Credit Facility | Line of Credit

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 0

$ 374

Interest rate

0.00%

3.39%

Pan-European accounts receivable facility | Line of Credit

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 244

$ 267

Interest rate

6.11%

3.77%

Mexican credit facilities | Line of Credit

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 84

$ 200

Interest rate

7.57%

6.29%

Chinese credit facilities

Long-term Debt and Lease Obligation [Abstract]

Less portion due within one year

$ (120)

$ (99)

Chinese credit facilities | Line of Credit

Long-term Debt and Lease Obligation [Abstract]

Long-term debt, before deferred financing fees

$ 174

$ 235

Interest rate

3.94%

4.23%

[1]	Includes non-cash financing additions of $17 million and $20 million during the twelve month period ended December 31, 2023 and 2022, respectively.
[2]	Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions.

Schedule II Valuation and Qualifying Accounts (Parenthetical) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Valuation And Qualifying Accounts Disclosure [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date		Jan. 01, 2023
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201409Member
Retained earnings		$ 5,086	$ 5,775
Accounts receivable		2,731	2,610
Deferred income taxes		$ 1,630	$ 1,443

- Definition

Indicates amendment to accounting standards.

+ References

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+ Details

- Definition

Indicates (true false) whether accounting standards update was adopted.

+ References

+ Details

- Definition

Date accounting standards update was adopted, in YYYY-MM-DD format.

+ References

+ Details

- Definition

Amount of accumulated undistributed earnings (deficit).

+ References + Details

Capital Stock

12 Months Ended

Dec. 31, 2023

Capital Stock [Abstract]

Capital Stock

Note 21. Capital Stock

Dividends

No cash dividends were paid on our common stock in 2023, 2022 or 2021.

Common Stock Repurchases

We may repurchase shares delivered to us by employees as payment for the exercise price of stock options and the withholding taxes due upon the exercise of stock options or the vesting or payment of stock awards. During 2023, 2022 and 2021, we did not repurchase any shares from employees.

Schedule II Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Allowance for doubtful accounts

SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at beginning of period

$ 112

$ 123

$ 150

Additions, charged (credited) to income

Additions, charged (credited) to AOCL

Deductions from reserves

^[1]

(19)

(22)

(24)

Translation adjustment during period

(5)

(8)

Balance at end of period

102

112

123

Valuation allowance — deferred tax assets

SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at beginning of period

1,072

1,044

1,469

Additions, charged (credited) to income

202

(418)

Additions, charged (credited) to AOCL

(7)

Deductions from reserves

^[1]

Translation adjustment during period

Balance at end of period

$ 1,275

$ 1,072

$ 1,044

[1]	Accounts receivable charged off.

Leases - Supplemental Balance Sheet Information (Details) - USD ($)
$ in Millions

Dec. 31, 2023

Dec. 31, 2022

Operating Leases

Operating Lease ROU Assets

$ 985

$ 976

Operating Lease Liabilities due Within One Year (Note 15)

200

199

Operating Lease Liabilities (Note 15)

825

821

Total Operating Lease Liabilities

1,025

1,020

Finance Leases

Property, Plant and Equipment, at cost

288

269

Accumulated Depreciation

(80)

(69)

Property, Plant and Equipment, net

208

200

Long Term Debt and Finance Leases due Within One Year

Long Term Debt and Finance Leases

258

247

Total Finance Lease Liabilities

^[1]

$ 268

$ 255

Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]

Total Finance Lease Liabilities

Weighted Average Remaining Lease Term

Operating Leases

7 years

7 years 4 months 24 days

Finance Leases

27 years 3 months 18 days

29 years 2 months 12 days

Weighted Average Discount Rate

Operating Leases

7.24%

6.82%

Finance Leases

8.17%

8.26%

[1]	Includes non-cash financing additions of $17 million and $20 million during the twelve month period ended December 31, 2023 and 2022, respectively.

Interest Expense (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Interest Expense

Interest expense includes interest and the amortization of deferred financing fees and debt discounts, less amounts capitalized, as follows:



(In millions)	2023			2022			2021
Interest expense before capitalization	$	559		$	470		$	403
Capitalized interest		(27	)		(19	)		(16	)
	$	532		$	451		$	387

Goodwill and Intangible Assets - Goodwill (Parenthetical) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, impairment charge	$ 230	$ 0	$ 0

Commitments and Contingent Liabilities - Asbestos Claims Activity (Details) - Asbestos Related Product Liability
$ in Millions

12 Months Ended

Dec. 31, 2023

USD ($)

Claim

Dec. 31, 2022

USD ($)

Claim

Dec. 31, 2021

USD ($)

Claim

Number of claims filed

Pending claims, beginning of year

37,200

38,200

38,700

New claims filed during the year

900

1,000

Claims settled/dismissed

(2,300)

(1,900)

(1,500)

Pending claims, end of year

35,800

37,200

38,200

Payments | $

^[1]

$ 15

$ 16

$ 15

[1]	Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Balance at beginning of period	$ 87	$ 90	$ 85
Increases related to prior year tax positions	5	10	28
Decreases related to prior year tax positions	0	0	(12)
Settlements	(1)	(12)	(5)
Foreign currency impact		(1)	(7)
Foreign currency impact	4
Increases related to current year tax positions	0	2	3
Lapse of statute of limitations	(3)	(2)	(2)
Balance at end of period	$ 92	$ 87	$ 90

Pension, Other Postretirement Benefits and Savings Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Restructuring Charges	$ 502	$ 129	$ 93
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Curtailment Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)
Prescription drug subsidy (less than)	$ 1
Weighted average discount rate	3.00%	3.00%
Defined contribution plans, contribution expenses	$ 131	$ 127	116
Private Equity and Private Credit Securities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	5.00%
Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	95.00%
Fulda Tire Manufacturing Facility [Member]
Defined Benefit Plan Disclosure [Line Items]
Restructuring Charges	$ 1
Maximum
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to funded non-U.S. pension plans in next year	50
Minimum
Defined Benefit Plan Disclosure [Line Items]
Expected contribution to funded non-U.S. pension plans in next year	25
United States
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	3,650	4,077
Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 2,330	2,167
Non-U.S. \| Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	90.00%
Non-U.S. \| Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	5.00%
Non-U.S. \| Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 182	176
Pension benefit obligation	222	211
AOCL adjustment	$ 32	28
Non-U.S. \| Define Real Estate Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation	5.00%
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	$ 16
Service cost	37
Pension Plan [Member] \| United States
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	(98)	1,282
Settlement Charges	40	124	43
Service cost	8	13	9
Benefits cost	104	157	$ 55
Postretirement benefits funded status	$ 65	$ 90
Weighted average discount rate	5.34%	2.74%	1.72%
Assumed weighted average long term rate of return	6.27%	4.23%	3.74%
Pension benefit obligation	$ 3,659	$ 4,084	$ 5,798
AOCL adjustment	1,747	1,839
Pension Plan [Member] \| United States \| Other Assets \| Retirement Plan Name Cooper Tire Salary Plan
Defined Benefit Plan Disclosure [Line Items]
Fund future obligations	18
Pension Plan [Member] \| Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	(116)	881
Service cost	18	24	30
Benefits cost	59	40	$ 65
Postretirement benefits funded status	$ (246)	$ (184)
Weighted average discount rate	4.72%	2.32%	1.82%
Assumed weighted average long term rate of return	4.79%	2.64%	2.27%
Pension benefit obligation	$ 2,392	$ 2,227	$ 3,464
AOCL adjustment	546	457
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	(1)	103
Service cost	2	3	3
Benefits cost	8	16	9
Postretirement benefits funded status	(287)	(292)
Pension benefit obligation	287	292	406
AOCL adjustment	(89)	(100)
Other Postretirement Benefits Plan [Member] \| United States
Defined Benefit Plan Disclosure [Line Items]
Benefits cost	5	12	$ 5
Postretirement benefits funded status	$ 195	$ 205
Weighted average discount rate	5.37%	2.33%	1.97%
Other Postretirement Benefits Plan [Member] \| Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Benefits cost	$ 3	$ 4	$ 4
Postretirement benefits funded status	$ 92	$ 87
Weighted average discount rate	7.64%	6.65%	6.54%

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment


	December 31, 2023									December 31, 2022
(In millions)	Owned			Finance Leases			Total			Owned			Finance Leases			Total
Property, plant and equipment:
Land	$	461		$	1		$	462		$	449		$	1		$	450
Buildings		2,840			218			3,058			2,640			217			2,857
Machinery and equipment		15,664			69			15,733			14,838			51			14,889
Construction in progress		1,340			—			1,340			1,173			—			1,173
		20,305			288			20,593			19,100			269			19,369
Accumulated depreciation		(12,392	)		(80	)		(12,472	)		(11,308	)		(69	)		(11,377	)
		7,913			208			8,121			7,792			200			7,992
Spare parts		371			—			371			302			—			302
	$	8,284		$	208		$	8,492		$	8,094		$	200		$	8,294

Pension, Other Postretirement Benefits and Savings Plans - Health Care Cost Trends (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Health care cost trend rate assumed for the next year	6.75%	7.00%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2031	2031

Financing Arrangements and Derivative Financial Instruments - Notes Narrative (Details) € in Millions, $ in Millions		12 Months Ended
	Sep. 28, 2021	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	May 18, 2021	Apr. 06, 2021	May 22, 2020 USD ($)	May 18, 2020 USD ($)
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 7,286			$ 7,049
Repayments of long-term debt		$ 10,220	9,947	$ 8,504
Senior Notes \| Debt Instrument, Redemption, After December 15, 2026
Debt Instrument [Line Items]
Interest rate, stated percentage					5.00%	5.00%
9.5% due 2025 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 802			$ 801
Interest rate, stated percentage			9.50%		9.50%	9.50%
Debt instrument, principal amount						$ 800			$ 200
Debt Instrument Notes Sold of Principle Amount										$ 600
Notes sold, percentage of principle amount									101.75%	100.00%
Debt instrument, maturity date		May 31, 2025
Effective yield					9.056%	9.056%
9.5% due 2025 \| Senior Notes \| Debt Instrument Redemption Period Commencing May 31, 2023
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		102.375%
9.5% due 2025 \| Senior Notes \| Debt Instrument Redemption Period Commencing May 31, 2024
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.00%
5% due 2026 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 900			$ 900
Interest rate, stated percentage			5.00%		5.00%	5.00%
Debt instrument, principal amount						$ 900
Notes sold, percentage of principle amount					100.00%	100.00%
Debt instrument, maturity date		May 31, 2026
5% due 2026 \| Senior Notes \| Debt Instrument Redemption Period Commencing May 31, 2023
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.833%
5% due 2026 \| Senior Notes \| Debt Instrument Redemption Period Commencing May 31, 2024
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.00%
5% due 2029 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 850			$ 850
Interest rate, stated percentage			5.00%		5.00%	5.00%
Debt instrument, principal amount						$ 850
Notes sold, percentage of principle amount					100.00%	100.00%
Debt instrument, maturity date		Jul. 15, 2029
Debt instrument, redemption price percentage		100.00%
Basis spread		0.50%
5.25% due April 2031 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 550			$ 550
Interest rate, stated percentage			5.25%		5.25%	5.25%
Debt instrument, principal amount						$ 550
Notes sold, percentage of principle amount					100.00%	100.00%
Debt instrument, maturity date		Apr. 30, 2031
5.25% due July 2031 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 600			$ 600
Interest rate, stated percentage			5.25%		5.25%	5.25%
5.625% due 2033 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 450			$ 450
Interest rate, stated percentage			5.625%		5.625%	5.625%
4.875% due 2027 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 700			$ 700
Interest rate, stated percentage			4.875%		4.875%	4.875%	4.875%	4.875%
Debt instrument, principal amount						$ 700
Notes sold, percentage of principle amount					100.00%	100.00%
Debt instrument, maturity date		Mar. 15, 2027
Basis spread		0.50%
4.875% due 2027 \| Senior Notes \| Debt Instrument, Redemption, Prior to December 15, 2026
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.00%
4.875% due 2027 \| Senior Notes \| Debt Instrument, Redemption, After December 15, 2026
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.00%
7.625% Senior Notes due 2027 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage					7.625%	7.625%
Debt instrument, principal amount						$ 117
Debt extinguishment costs related to remaining unamortized debt issuance costs						19
Debt instrument, maturity date		Mar. 15, 2027
Amortization		$ 8
7% due 2028 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, before deferred financing fees			$ 150			$ 150
Interest rate, stated percentage			7.00%		7.00%	7.00%
Debt instrument, principal amount						$ 150
Debt instrument, maturity date		Mar. 15, 2028
Basis spread		0.15%
7% due 2028 \| Senior Notes \| Debt Instrument, Redemption, After December 15, 2026
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.00%
2.75% Senior Notes due 2028 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage					2.75%	2.75%
Debt instrument, principal amount \| €					€ 400
Notes sold, percentage of principle amount					100.00%	100.00%
Debt instrument, maturity date		Aug. 15, 2028
Debt instrument, redemption price percentage	102.75%	100.00%
Original aggregate principal amount redeem percentage					35.00%	35.00%
2.75% Senior Notes due 2028 \| Senior Notes \| Debt Instrument Redemption Period Commencing August 15, 2024
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		101.375%
2.75% Senior Notes due 2028 \| Senior Notes \| Debt Instrument Redemption Period Commencing August 15, 2025
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.688%
2.75% Senior Notes due 2028 \| Senior Notes \| Debt Instrument Redemption Period Commencing August 15, 2026
Debt Instrument [Line Items]
Debt instrument, redemption price percentage		100.00%
5.25% Senior Notes due July 2031 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage					5.25%	5.25%
Debt instrument, principal amount						$ 600
Notes sold, percentage of principle amount					100.00%	100.00%
Debt instrument, maturity date		Jul. 15, 2031
5.625% Senior Notes due 2033 \| Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage					5.625%	5.625%
Debt instrument, principal amount						$ 450
Notes sold, percentage of principle amount					100.00%	100.00%
Debt instrument, maturity date		Apr. 30, 2033

Income Taxes - Income (Loss) before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S.	$ (325)	$ 41	$ (102)
Foreign	(352)	358	615
Income (Loss) before Income Taxes	$ (677)	$ 399	$ 513

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Stock Compensation Plans - Stock-based Compensation Expense and Cash Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Stock-based compensation expense recognized	$ 19	$ 14	$ 36
Tax benefit	(4)	(3)	(8)
After-tax stock-based compensation expense	15	11	28
Cash payments to settle SARs	0	0	0
Cash received from stock option exercises	$ 3	$ 1	$ 26

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common Treasury Shares	40,501,644	41,391,555	42,494,684	45,243,329
Cash dividends declared per common share (in dollars per share)	$ 0	$ 0	$ 0

Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Summary of Recent Approximate Asbestos Claims Activity

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.



(Dollars in millions)	2023			2022			2021
Pending claims, beginning of year		37,200			38,200			38,700
New claims filed during the year		900			900			1,000
Claims settled/dismissed		(2,300	)		(1,900	)		(1,500	)
Pending claims, end of year		35,800			37,200			38,200
Payments(1)	$	15		$	16		$	15

(1)

Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

Changes in the Warranty Reserve

The following table presents changes in the warranty reserve during 2023 and 2022:



(In millions)	2023			2022
Balance at January 1	$	28		$	37
Payments made during the period		(19	)		(43	)
Expense recorded during the period		12			35
Translation adjustment		—			(1	)
Balance at December 31	$	21		$	28

Stock Compensation Plans - Nonvested Share Activity (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Performance Share Units
Summary of Activity Related to Share-based Compensation
Unvested units, beginning of period (in shares) \| shares	663,690
Units granted (in shares) \| shares	381,169
Units vested (in shares) \| shares	(336,402)
Units forfeited (in shares) \| shares	0
Unvested units, end of period (in shares) \| shares	708,457
Weighted Average Grant Date Fair Value Related to Share-based Compensation
Unvested units, beginning of period (in dollars per share) \| $ / shares	$ 19.43
Units granted (in dollars per share) \| $ / shares	11.48
Units vested (in dollars per share) \| $ / shares	12.85
Units forfeited (in dollars per share) \| $ / shares	0
Unvested units, end of period (in dollars per share) \| $ / shares	$ 14.69
Restricted Stock Units
Summary of Activity Related to Share-based Compensation
Unvested units, beginning of period (in shares) \| shares	1,374,608
Units granted (in shares) \| shares	1,361,432
Units vested (in shares) \| shares	(1,270,023)
Units forfeited (in shares) \| shares	(63,887)
Unvested units, end of period (in shares) \| shares	1,402,131
Units vested but not released \| shares	1,884,258
Unit Outstanding (in shares) \| shares	3,286,389
Weighted Average Grant Date Fair Value Related to Share-based Compensation
Unvested units, beginning of period (in dollars per share) \| $ / shares	$ 12.95
Units granted (in dollars per share) \| $ / shares	11.84
Units vested (in dollars per share) \| $ / shares	11.03
Units forfeited (in dollars per share) \| $ / shares	13.1
Unvested units, end of period (in dollars per share) \| $ / shares	13.6
Units vested but not released (in dollars per share) \| $ / shares	12.24
Outstanding end of period (in dollars per share) \| $ / shares	$ 14.1

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Note 7. Income Taxes

The components of Income (Loss) before Income Taxes follow:



(In millions)	2023			2022		2021
U.S.	$	(325	)	$	41	$	(102	)
Foreign		(352	)		358		615
	$	(677	)	$	399	$	513

A reconciliation of income taxes at the U.S. statutory rate to United States and Foreign Tax Expense (Benefit) follows:



(In millions)	2023			2022			2021
U.S. federal income tax expense (benefit) at the statutory rate of 21%	$	(142	)	$	84		$	108
Net foreign losses (income) with no tax due to valuation allowances		122			45			3
Goodwill impairment		34			—			—
State income taxes, net of U.S. federal benefit		(12	)		6			1
Adjustment for foreign income taxed at different rates and nontaxable foreign items		5			33			24
U.S. charges (benefits) related to foreign tax credits, R&D and foreign derived intangible deduction		4			(7	)		(4	)
Net establishment (release) of uncertain tax positions		(3	)		(4	)		(6	)
Deferred tax impact of enacted rate and law changes		—			(6	)		(61	)
Net establishment (release) of foreign valuation allowances and write off of deferred taxes		—			24			(1	)
Net establishment (release) of U.S. valuation allowances		—			—			(340	)
Other		2			15			9
United States and Foreign Tax Expense (Benefit)	$	10		$	190		$	(267	)

The components of United States and Foreign Tax Expense (Benefit) by taxing jurisdiction, follow:



(In millions)	2023			2022			2021
Current:
Federal	$	37		$	—		$	1
Foreign		177			150			166
State		26			12			37
		240			162			204
Deferred:
Federal		(123	)		(28	)		(362	)
Foreign		(62	)		46			(23	)
State		(45	)		10			(86	)
		(230	)		28			(471	)
United States and Foreign Tax Expense (Benefit)	$	10		$	190		$	(267	)

Income tax expense in 2023 was $10 million on a loss before income taxes of $677 million. In 2023, income tax expense includes net discrete tax benefits totaling $9 million, primarily related to additional prior year withholding tax creditable in the U.S. as a result of a tax law change.

In 2022, income tax expense was $190 million on income before income taxes of $399 million and includes net discrete tax expense totaling $23 million, including a charge of $14 million to write off deferred tax assets related to tax loss carryforwards in the U.K. and a charge of $11 million to establish a full valuation allowance on our net deferred tax assets in Russia, partially offset by a net benefit of $2 million for various other items.

In 2021, income tax benefit of $267 million on income before income taxes of $513 million includes net discrete tax benefits totaling $409 million, including a reduction in our valuation allowances of $340 million for certain U.S. deferred tax assets for foreign tax credits and state tax loss carryforwards, a $39 million benefit to adjust our deferred tax assets in England for an enacted change in the tax rate, a $21 million benefit to reflect an increase in our estimated state tax rate used in calculating our U.S. net deferred tax assets as a result of a change in the overall mix of our earnings by state after including the impact of the acquisition of Cooper Tire, an $8 million benefit related to a favorable court ruling in Brazil, and a net benefit of $1 million for various other items.

We consider both positive and negative evidence when measuring the need for a valuation allowance. The weight given to the evidence is commensurate with the extent to which it may be objectively verified. Current and cumulative financial reporting results are a source of objectively verifiable evidence. We give operating results during the most recent three-year period a significant weight in our analysis. We typically only consider forecasts of future profitability when positive cumulative operating results exist in the most recent three-year period. We perform scheduling exercises to determine if sufficient taxable income of the appropriate character exists in the periods required in order to realize our deferred tax assets with limited lives (such as tax loss carryforwards and tax credits) prior to their expiration. We also consider prudent tax planning strategies (including an assessment of their feasibility) to accelerate taxable income if required to utilize expiring deferred tax assets. A valuation allowance is not required to the extent that, in our judgment, positive evidence exists with a magnitude and duration sufficient to result in a conclusion that it is more likely than not that our deferred tax assets will be realized.

At December 31, 2023 and December 31, 2022, we had approximately $1.2 billion and $1.1 billion of U.S. federal, state and local net deferred tax assets, respectively, inclusive of valuation allowances totaling $22 million and $26 million in each period, respectively, primarily for state tax loss carryforwards with limited lives. As of December 31, 2023, approximately $1.0 billion of these U.S. net deferred tax assets have unlimited lives and approximately $200 million have limited lives, including $22 million of foreign tax credits, and the majority do not start to expire until 2031. As of December 31, 2022, approximately $700 million of these U.S. net deferred tax assets had unlimited lives and approximately $400 million had limited lives, including $230 million of foreign tax credits, and had expiration dates between 2023 and 2042. In the U.S., as of December 31, 2023, we emerged from a three-year cumulative loss which was driven by business disruptions created by the COVID-19 pandemic. Our U.S. cumulative income for the three-years ended December 31, 2023 is primarily a result of gains from other comprehensive income rather than consistently profitable U.S. operating results. Our 2023 U.S. operating results in the first six months of the year were negatively impacted by lower sales volumes due to commercial replacement tire channel destocking, reduced consumer industry demand and the Tupelo storm. However, our second half of 2023 showed improvement and profitability in our U.S. operating results.

In assessing our ability to utilize our net deferred tax assets, we primarily considered objectively verifiable information, including the improvement in our U.S. operating results during the second half of 2023 as a result of improved tire volume and lower raw material and transportation costs compared to the first half of 2023. In addition, we consider our current forecasts of future profitability in assessing our ability to realize our deferred tax assets as well as the impact of tax planning strategies. These forecasts include the impact of recent trends and various macroeconomic factors such as the impact of raw material, transportation, labor and energy costs on our profitability. Our tax planning strategies include accelerating income on cross border transactions, including sales of inventory or raw materials to our subsidiaries, reducing U.S. interest expense by, for example, reducing intercompany loans through repatriating current year earnings of foreign subsidiaries, repatriation of certain foreign royalty income, and other financing transactions, all of which would increase our domestic profitability.

We believe our improvement in U.S. operating results during the second half of 2023 and forecasts of future profitability provide us sufficient positive evidence to conclude that it is more likely than not that, at December 31, 2023, our U.S. net deferred tax assets will be fully utilized. However, macroeconomic factors such as raw material, transportation, labor and energy costs possess a high degree of volatility and can significantly impact our profitability. In addition, certain tax provisions, such as the annual interest expense limitation under Section 163(j) of the Internal Revenue Code of 1986, if amended, could impact our analysis of the realizability of our U.S. deferred tax assets. If our U.S. operating results significantly decline in the future, we may need to record a valuation allowance which could adversely impact our operating results. As such, we will closely monitor our U.S. operations as well as any tax law changes to assess the realizability of our U.S. deferred tax assets.

At December 31, 2023 and December 31, 2022, we also had approximately $1.5 billion and $1.2 billion of foreign net deferred tax assets, respectively, and related valuation allowances of approximately $1.2 billion and $1.0 billion, respectively. Our losses in various foreign taxing jurisdictions in recent periods represented sufficient negative evidence to require us to maintain a full valuation allowance against certain of these net foreign deferred tax assets. Most notably, in Luxembourg, we maintain a valuation allowance of approximately $1.0 billion on all of our net deferred tax assets. Each reporting period, we assess available positive and negative evidence and estimate if sufficient future taxable income will be generated to utilize these existing deferred tax assets. We do not believe that sufficient positive evidence required to release valuation allowances on our foreign deferred tax assets having a significant impact on our financial position or results of operations will exist within the next twelve months.

Temporary differences and carryforwards giving rise to deferred tax assets and liabilities at December 31 follow:



(In millions)	2023			2022
Tax loss carryforwards and credits	$	1,155		$	1,160
Capitalized research and development expenditures		490			481
Prepaid royalty income		427			457
Accrued expenses deductible as paid		343			320
Partnership basis differences		317			341
Other prepayments income		153			—
Postretirement benefits and pensions		87			63
Lease liabilities		82			70
Rationalizations and other provisions		58			52
Vacation and sick pay		25			26
Other		137			100
		3,274			3,070
Valuation allowance		(1,275	)		(1,072	)
Total deferred tax assets		1,999			1,998
Intangible property basis differences related to Cooper Tire acquisition		(205	)		(214	)
Property basis differences		(166	)		(407	)
Right-of-use assets		(81	)		(68	)
Total net deferred tax assets	$	1,547		$	1,309

At December 31, 2023, we had $948 million of tax assets for net operating loss, capital loss and tax credit carryforwards related to certain foreign subsidiaries. These carryforwards are primarily from countries with unlimited carryforward periods, but include $72 million of tax credit carryforwards in various European countries that are subject to expiration from 2024 to 2033. A valuation allowance totaling $1,253 million has been recorded against these and other deferred tax assets where recovery of the asset or carryforward is uncertain. In addition, we had $157 million of federal and $50 million of state tax assets for net operating loss and tax credit carryforwards. The federal carryforwards include $23 million of foreign tax credits that are subject to expiration from 2028 to 2030 and $129 million of tax assets related to research and development credits and other federal credits that are subject to expiration from 2030 to 2043. The state carryforwards include $38 million that are subject to expiration from 2024 to 2040. A valuation allowance of $22 million has been recorded against federal and state deferred tax assets where recovery is uncertain.

At December 31, 2023, we had unrecognized tax benefits of $92 million that, if recognized, would have a favorable impact on our tax expense of $61 million. We had accrued interest of $1 million as of December 31, 2023. If not favorably settled, $9 million of the unrecognized tax benefits and all the accrued interest would require the use of our cash. We do not expect changes during 2024 to our unrecognized tax benefits to have a significant impact on our financial position or results of operations. A summary of our unrecognized tax benefits and changes during the year follows:



(In millions)	2023			2022			2021
Balance at January 1	$	87		$	90		$	85
Increases related to prior year tax positions		5			10			28
Decreases related to prior year tax positions		—			—			(12	)
Settlements		(1	)		(12	)		(5	)
Foreign currency impact		4			(1	)		(7	)
Increases related to current year tax positions		—			2			3
Lapse of statute of limitations		(3	)		(2	)		(2	)
Balance at December 31	$	92		$	87		$	90

We are open to examination in the U.S. for 2021 and in Germany from 2018 onward. Generally, for our remaining tax jurisdictions, years from 2018 onward are still open to examination.

We have undistributed earnings and profits of our foreign subsidiaries totaling approximately $2.8 billion at December 31, 2023. We have concluded that no provision for tax in the U.S. is required because substantially all of the remaining undistributed earnings and profits have been or will be reinvested in property, plant and equipment and working capital outside of the U.S. A foreign withholding tax charge would be required if these earnings and profits were distributed to the U.S. We estimate the foreign withholding tax charge to be approximately $100 million (net of foreign tax credits) using various assumptions. Future events, including changes in our business operations and tax law changes, could impact our current estimate.

Net cash payments for income taxes were $200 million, $174 million and $201 million in 2023, 2022 and 2021, respectively.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 17
-Subparagraph (b)
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Tax on foreign currency translation	$ 2	$ (9)	$ (4)
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax	0	0	0
Defined benefit plans:
Tax on amortization of prior service cost and unrecognized gains and losses included in total benefit cost	26	31	34
Tax on (increase)/decrease in net actuarial losses	(36)	48	48
Tax on immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	11	30	10
Tax on prior service (credit) cost from plan amendments	0	(2)	0
Tax effect of deferred derivative gains (losses)	0	0	0
Tax effect of reclassification adjustment for amounts recognized in income	$ 0	$ 0	$ 0

Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation

On June 7, 2021 (the “Closing Date”), we completed the acquisition of Cooper Tire & Rubber Company (“Cooper Tire”). As a result of the acquisition, Cooper Tire, along with its subsidiaries, became subsidiaries of Goodyear. For further information about the acquisition, refer to Note to the Consolidated Financial Statements No. 2, Cooper Tire Acquisition.

Recently Adopted and Recently Issued Accounting Standards

Recently Adopted Accounting Standards

Effective January 1, 2023, we adopted an accounting standards update which requires disclosure of the key terms of our material supplier finance programs, including a description of the payment terms and assets pledged as security or other forms of guarantees, if any, provided for the committed payment to the finance provider or intermediary. In addition, the standards update requires disclosure of the related obligations outstanding at each interim reporting period and where those obligations are presented on the balance sheet. The standards update also includes a prospective annual requirement to disclose a rollforward of the amount of the obligations during the annual reporting period. We will include the rollforward disclosure in our Annual Report on Form 10-K for the year ending December 31, 2024, as required.

We have entered into supplier finance programs with several financial institutions. Under these agreements, the financial institutions act as our paying agents with respect to accounts payable due to our suppliers. We agree to pay the financial institutions the stated amount of the confirmed invoices from the designated suppliers on the original maturity dates of the invoices. Invoice payment terms can be up to 120 days based on industry norms for the specific item purchased. We do not pay any fees to the financial institutions for these programs. There are no assets pledged as security or other forms of guarantees associated with these agreements. These agreements allow our suppliers to sell their receivables to the financial institutions at the sole discretion of the suppliers and the financial institutions on terms that are negotiated among them. We are not always notified when our suppliers sell receivables under these programs. Our obligations to our suppliers, including the amounts due and scheduled payment dates, are not impacted by our suppliers’ decisions to sell their receivables under the programs. The amounts available under these programs were $892 million and $920 million at December 31, 2023 and December 31, 2022, respectively. The amounts confirmed to the financial institutions were $580 million and $710 million at December 31, 2023 and December 31, 2022, respectively, and are included in Accounts Payable — Trade in our Consolidated Balance Sheets. All activity related to these obligations is presented within operating activities on the Consolidated Statements of Cash Flows.

On October 9, 2023, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update that amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. The standards update was issued in response to the Securities and Exchange Commission's ("SEC") August 2018 final rule that updated and simplified disclosure requirements that the SEC believed were “redundant, duplicative, overlapping, outdated, or superseded.” The new guidance is intended to align U.S. GAAP requirements with those of the SEC and to facilitate the application of U.S. GAAP for all entities. These amendments do not affect the information that is already included in the audited financial statements of entities subject to the SEC’s current disclosure or presentation requirements. The standards update is effective on the respective dates on which the SEC’s removal of the related disclosure requirement from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The adoption of this accounting standards update will not have a material impact on our consolidated financial statements.

Recently Issued Accounting Standards

On November 27, 2023, the FASB issued a final accounting standards update to improve disclosures required for reportable segments, specifically related to segment expenses. Entities are required to disclose significant segment expense categories and amounts for each reportable segment. The standards update is effective retrospectively for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, with early adoption permitted. We are currently assessing the impact of this standards update on our disclosures in the notes to the consolidated financial statements.

On December 14, 2023, the FASB issued a final accounting standards update to improve income tax disclosures. The new standard requires enhanced disclosures primarily related to existing rate reconciliation and income taxes paid information and improves the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and requiring income taxes paid to be disaggregated by jurisdiction. It also includes certain amendments to improve the effectiveness of income tax disclosures. The standards update is effective for annual periods beginning after December 15, 2024. We are currently assessing the impact of this standards update on our disclosures in the notes to the consolidated financial statements.

Acquisitions

We include the results of operations of the businesses in which we acquire a controlling financial interest in our consolidated financial statements beginning as of the acquisition date. On the acquisition date, we recognize, separate from goodwill, the assets acquired, including separately identifiable intangible assets, and the liabilities assumed at their fair values. The excess of the consideration transferred over the fair values assigned to the net identifiable assets and liabilities of the acquired business is recognized as goodwill. Transaction costs are recognized separately from the acquisition and are expensed as incurred.

Principles of Consolidation

The consolidated financial statements include the accounts of all legal entities in which we hold a controlling financial interest. A controlling financial interest generally arises from our ownership of a majority of the voting shares of our subsidiaries. We would also hold a controlling financial interest in variable interest entities if we are considered to be the primary beneficiary. Investments in companies in which we do not own a majority interest and we have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method. Investments in other companies are carried at cost. All intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related notes to the consolidated financial statements. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates, including those related to:

•

goodwill, intangibles and other long-lived assets,

•

general and product liabilities and other litigation,

•

workers’ compensation,

•

deferred tax asset valuation allowances and uncertain income tax positions,

•

rationalization plans,

•

pension and other postretirement benefits, and

•

various other operating allowances and accruals, based on currently available information.

Changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.

Revenue Recognition and Accounts Receivable Valuation

Sales are recognized when obligations under the terms of a contract are satisfied and control is transferred. This generally occurs with shipment or delivery, depending on the terms of the underlying contract, or when services have been rendered. Sales are measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. The amount of consideration we receive and sales we recognize can vary due to changes in sales incentives, rebates, rights of return or other items we offer our customers, for which we estimate the expected amounts based on an analysis of historical experience, or as the most likely amount in a range of possible outcomes. Payment terms with customers vary by region and customer, but are generally 30-90 days or at the point of sale for our consumer retail locations. Net sales exclude sales, value added and other taxes. Costs to obtain contracts are generally expensed as incurred due to the short term nature of individual contracts. Incidental items that are immaterial in the context of the contract are recognized as expense as incurred. We have elected to recognize the costs incurred for transportation of products to customers as a component of Cost of Goods Sold ("CGS").

Appropriate provisions are made for uncollectible accounts based on historical loss experience, portfolio duration, economic conditions and credit risk, considering both expected future losses as well as current incurred losses. The adequacy of the allowances are assessed quarterly.

Research and Development Costs

Research and development costs include, among other things, materials, equipment, compensation and contract services. These costs are expensed as incurred and included as a component of CGS. Research and development expenditures were $461 million, $501 million and $473 million in 2023, 2022 and 2021, respectively.

Warranty

Warranties are provided on the sale of certain of our products and services and an accrual for estimated future claims is recorded at the time revenue is recognized. Tire replacement under most of the warranties we offer is on a prorated basis. Warranty reserves are based on past claims experience, sales history and other considerations. Refer to Note to the Consolidated Financial Statements No. 20, Commitments and Contingent Liabilities.

Environmental Cleanup Matters

We expense environmental costs related to existing conditions resulting from past or current operations and from which no current or future benefit is discernible. Expenditures that extend the life of the related property or mitigate or prevent future environmental contamination are capitalized. We determine our liability on a site by site basis and record a liability at the time when it is probable and can be reasonably estimated. Our estimated liability is reduced to reflect the anticipated participation of other potentially responsible parties in those instances where it is probable that such parties are legally responsible and financially capable of paying their respective share of the relevant costs. Our estimated liability is not discounted or reduced for possible recoveries from insurance carriers. Refer to Note to the Consolidated Financial Statements No. 20, Commitments and Contingent Liabilities.

Legal Costs

We record a liability for estimated legal and defense costs related to pending general and product liability claims, environmental matters and workers’ compensation claims. Refer to Note to the Consolidated Financial Statements No. 20, Commitments and Contingent Liabilities.

Advertising Costs

Costs incurred for producing and communicating advertising are generally expensed when incurred as a component of Selling, Administrative and General Expense ("SAG"). Costs incurred under our cooperative advertising programs with dealers and franchisees are generally recorded as reductions of sales as related revenues are recognized. Advertising costs, including costs for our cooperative advertising programs with dealers and franchisees, were $364 million, $375 million and $382 million in 2023, 2022 and 2021, respectively.

Rationalizations

We record costs for rationalization actions implemented to reduce excess and high-cost manufacturing capacity and operating and administrative costs. Associate-related costs include severance, supplemental unemployment compensation and benefits, medical benefits, pension curtailments, postretirement benefits, and other termination benefits. For ongoing benefit arrangements, a liability is recognized when it is probable that employees will be entitled to benefits and the amount can be reasonably estimated. For one-time benefit arrangements, a liability is incurred and must be accrued at the date the plan is communicated to employees, unless they will be retained beyond a minimum retention period. In this case, the liability is calculated at the date the plan is communicated to employees and is accrued ratably over the future service period. For voluntary benefit arrangements, a liability is not estimable and is not recognized until eligible associates apply for the benefit and we accept the applications. Other costs generally include contract termination and relocation costs. A liability for these costs is recognized in the period in which the liability is incurred. Rationalization actions related to accelerated depreciation or amortization, asset impairments, and non-cancelable leases, are recorded in CGS or SAG. Refer to Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs.

Income Taxes

Income taxes are recognized during the year in which transactions enter into the determination of financial statement income, with deferred taxes being provided for temporary differences between carrying values of assets and liabilities for financial reporting purposes and such carrying values as measured under applicable tax laws. The effect on deferred tax assets or liabilities of a change in the tax law or tax rate is recognized in the period the change is enacted. Valuation allowances are recorded to reduce net deferred tax assets to the amount that is more likely than not to be realized. The calculation of our tax liabilities also involves considering uncertainties in the application of complex tax regulations. We recognize liabilities for uncertain income tax positions based on our estimate of whether it is more likely than not that additional taxes will be required and we report related interest and penalties as income taxes. To the extent that we incur expense under global intangible low-taxed income provisions, we will treat it as a component of income tax expense in the period incurred. Our policy is to utilize an item-by-item approach to release stranded income tax effects from Accumulated Other Comprehensive Loss ("AOCL"). Refer to Note to the Consolidated Financial Statements No. 7, Income Taxes.

Cash and Cash Equivalents / Consolidated Statements of Cash Flows / Restricted Cash

Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less. Substantially all of our cash and short-term investment securities are held with investment grade rated counterparties. At December 31, 2023, our cash investments with any single counterparty did not exceed approximately $175 million.

Cash flows associated with derivative financial instruments designated as hedges of identifiable transactions or events are classified in the same category as the cash flows from the related hedged items. Cash flows associated with derivative financial instruments not designated as hedges are classified as operating activities. Bank overdrafts, if any, are recorded within Notes Payable and Overdrafts. Cash flows associated with bank overdrafts are classified as financing activities.

Customer prepayments for products and government grants received that predominately relate to operations are reported as operating activities. Government grants received that are predominately related to capital expenditures are reported as investing activities. The Consolidated Statements of Cash Flows are presented net of finance leases of $19 million, $25 million and $39 million originating in the years ended December 31, 2023, 2022 and 2021, respectively, and accrued capital expenditures financed with extended terms of $15 million in 2020 which were paid in 2021. Cash flows from investing activities in 2023 exclude $348 million of accrued capital expenditures remaining unpaid at December 31, 2023, and include payment for $324 million of capital expenditures that were accrued and unpaid at December 31, 2022. Cash flows from investing activities in 2022 exclude $324 million of accrued capital expenditures remaining unpaid at December 31, 2022, and include payment for $257 million of capital expenditures that were accrued and unpaid at December 31, 2021. Cash flows from investing activities in 2021 exclude $257 million of accrued capital expenditures remaining unpaid at December 31, 2021, and include payment for $224 million of capital expenditures that were accrued and unpaid at December 31, 2020.

The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows:


	December 31,
(In millions)	2023		2022		2021
Cash and Cash Equivalents	$	902	$	1,227	$	1,088
Restricted Cash		83		84		76
Total Cash, Cash Equivalents and Restricted Cash	$	985	$	1,311	$	1,164

Restricted Cash primarily represents amounts required to be set aside for accounts receivable factoring programs. The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables. At December 31, 2023, $83 million was recorded in Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheets. At December 31, 2022, $74 million and $10 million were recorded in Prepaid Expenses and Other Current Assets and Other Assets in the Consolidated Balance Sheets, respectively.

Restricted Net Assets

In certain countries where we operate, transfers of funds into or out of such countries by way of dividends, loans or advances are generally or periodically subject to various governmental regulations. In addition, certain of our credit agreements and other debt instruments limit the ability of foreign subsidiaries to make cash distributions. At December 31, 2023, approximately $875 million of net assets were subject to such regulations or limitations.

Inventories

Inventories are stated at the lower of cost or net realizable value. Cost is determined using the first-in, first-out or the average cost method. Costs include direct material, direct labor and applicable manufacturing and engineering overhead. We allocate fixed manufacturing overheads based on normal production capacity and recognize abnormal manufacturing costs as period costs. We determine a provision for excess and obsolete inventory based on management’s review of inventories on hand compared to estimated future usage and sales. Refer to Note to the Consolidated Financial Statements No. 11, Inventories.

Goodwill and Other Intangible Assets

Goodwill and Intangible Assets

Goodwill is recorded when the cost of acquired businesses exceeds the fair value of the identifiable net assets acquired. Goodwill and intangible assets with indefinite useful lives are not amortized but are assessed for impairment annually with the option to perform a qualitative assessment to determine whether further impairment testing is necessary or to perform a quantitative assessment by comparing the fair value of the reporting unit or indefinite-lived intangible to its carrying amount. Under the qualitative assessment, an entity is not required to calculate the fair value unless the entity determines that it is more likely than not that the fair value is less than the carrying amount. If under the quantitative assessment the fair value is less than the carrying amount, then an impairment loss will be recorded for the difference between the carrying value and the fair value.

In addition to annual testing, impairment testing is conducted when events occur or circumstances change, including the macroeconomic environment, our business performance or our market capitalization, that would more likely than not reduce the fair value of the asset below its carrying amount. Goodwill and intangible assets with indefinite useful lives would be written down to fair value if considered impaired. Intangible assets with finite useful lives are amortized to their estimated residual values over such finite lives, and reviewed for impairment whenever events or circumstances warrant such a review. Refer to Note to the Consolidated Financial Statements No. 12, Goodwill and Intangible Assets.

Insurance Claims

We maintain third-party insurance coverage for property damage, repair expenses and business interruption, which is partially self-insured, subject to a $15 million deductible per occurrence. After consultation with our legal counsel and giving consideration to agreements with certain of our insurance carriers, the financial viability and legal obligations of our insurance carriers and other relevant factors, we determine an amount we expect is probable of recovery from such carriers. We record a receivable for property damage and repair expenses as incurred. For business interruption recoveries, we do not record a receivable until the claim is substantially complete.

Investments

Investments in marketable securities are stated at fair value. Fair value is determined using quoted market prices at the end of the reporting period and, when appropriate, exchange rates at that date. Unrealized gains and losses on marketable equity securities are recorded in earnings. Unrealized gains and losses on marketable debt securities classified as available-for-sale are recorded in AOCL, net of tax. Our investments in TireHub, LLC (“TireHub”), a distribution joint venture in the U.S., and ACTR Company Limited ("ACTR"), a tire manufacturing joint venture in Vietnam, are accounted for under the equity method.

We regularly review our investments to determine whether a decline in fair value below their recorded amount is other than temporary. If the decline in fair value is judged to be other than temporary, the investment is written down to fair value and the amount of the write-down is included in the Consolidated Statements of Operations. Refer to Notes to the Consolidated Financial Statements No. 13, Other Assets and Investments, No. 17, Fair Value Measurements, and No. 22, Accumulated Other Comprehensive Loss.

Property, Plant and Equipment

Property, plant and equipment are stated at cost. Depreciation is computed using the straight-line method. Additions and improvements that substantially extend the useful life of property, plant and equipment, and interest costs incurred during the construction period of major projects are capitalized. Government grants to us that are predominately related to capital expenditures are recorded as reductions of the cost of the associated assets. Repair and maintenance costs are expensed as incurred. Property, plant and equipment are depreciated to their estimated residual values over their estimated useful lives, and reviewed for impairment whenever events or circumstances warrant such a review. Depreciation expense for property, plant and equipment was $967 million, $928 million and $862 million in 2023, 2022 and 2021, respectively. Refer to Notes to the Consolidated Financial Statements No. 5, Interest Expense, and No. 14, Property, Plant and Equipment.

Leases

We determine if an arrangement is or contains a lease at inception. We enter into leases primarily for our distribution facilities, manufacturing equipment, administrative offices, retail stores, vehicles and data processing equipment under varying terms and conditions. Our leases have remaining lease terms of less than 1 year to approximately 50 years. Most of our leases include options to extend the lease, with renewal terms ranging from 1 to 50 years or more, and some include options to terminate the lease within 1 year. If it is reasonably certain that an option to extend or terminate a lease will be exercised, that option is considered in the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and we recognize short-term lease expense for these leases on a straight-line basis over the lease term.

Certain of our lease agreements include variable lease payments, generally based on consumer price indices. Variable lease payments that are assigned to an index are determined based on the initial index at commencement, and the variability based on changes in the index is accounted for as it changes. The variable portion of payments is not included in the initial measurement of the right-of-use asset or lease liability due to the uncertainty of the payment amount and are recorded as lease expense in the period incurred. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We have lease agreements with lease and non-lease components, which are accounted for separately.

Operating leases are included in Operating Lease Right-of-Use (“ROU”) Assets, Operating Lease Liabilities due Within One Year and Operating Lease Liabilities on our Consolidated Balance Sheets. Finance leases are included in Property, Plant and Equipment, Long Term Debt and Finance Leases due Within One Year, and Long Term Debt and Finance Leases on our Consolidated Balance Sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Generally, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments, unless there is a rate stated in the lease agreement. Operating lease expense is recognized on a straight-line basis over the lease term. Refer to Note to the Consolidated Financial Statements No. 15, Leases.

Foreign Currency Translation

The functional currency for most subsidiaries outside the United States is the local currency. Financial statements of these subsidiaries are translated into U.S. dollars using the exchange rate at each balance sheet date for assets and liabilities and a weighted average exchange rate for each period for revenues, expenses, gains and losses. The U.S. dollar is used as the functional currency in countries with a history of high inflation and in countries that predominantly sell into the U.S. dollar export market. For all operations, gains or losses from remeasuring foreign currency transactions into the functional currency are included in Other (Income) Expense. Translation adjustments are recorded in AOCL. Income taxes are generally not provided for foreign currency translation adjustments.

Derivative Financial Instruments and Hedging Activities

To qualify for hedge accounting, hedging instruments must be designated as hedges and meet defined correlation and effectiveness criteria. These criteria require that the anticipated cash flows and/or changes in fair value of the hedging instrument substantially offset those of the position being hedged.

Derivative contracts are reported at fair value on the Consolidated Balance Sheets as Accounts Receivable, Other Assets, Other Current Liabilities or Other Long Term Liabilities. Deferred gains and losses on contracts designated as cash flow hedges are recorded net of tax in AOCL.

Interest Rate Contracts — Gains and losses on contracts designated as cash flow hedges are initially deferred and recorded in AOCL. Amounts are transferred from AOCL and recognized in income as Interest Expense in the same period that the hedged item is recognized in income. Gains and losses on contracts designated as fair value hedges are recognized in income in the current period as Interest Expense. Gains and losses on contracts with no hedging designation are recorded in the current period in Other (Income) Expense.

Foreign Currency Contracts — Gains and losses on contracts designated as cash flow hedges are initially deferred and recorded in AOCL. Amounts are transferred from AOCL and recognized in income in the same period and on the same line that the hedged item is recognized in income. Gains and losses on contracts designated as fair value hedges, excluding premiums and discounts, are recorded in Other (Income) Expense in the current period. Gains and losses on contracts with no hedging designation are also recorded in Other (Income) Expense in the current period. We do not include premiums or discounts on forward currency contracts in our assessment of hedge effectiveness. Premiums and discounts on contracts designated as hedges are recorded in AOCL. The amounts are recognized in the Statement of Operations on a straight-line basis over the life of the contract on the same line that the hedged item is recognized in the Statement of Operations.

Net Investment Hedging — Nonderivative instruments denominated in foreign currencies are used from time to time to hedge net investments in foreign subsidiaries. Gains and losses on these instruments are deferred and recorded in AOCL as Foreign Currency Translation Adjustments. These gains and losses are only recognized in income upon the complete or partial sale of the related investment or the complete liquidation of the investment.

Termination of Contracts — Gains and losses (including deferred gains and losses in AOCL) are recognized in Other (Income) Expense when contracts are terminated concurrently with the termination of the hedged position. To the extent that such position remains outstanding, gains and losses are amortized to Interest Expense or to Other (Income) Expense over the remaining life of that position. Gains and losses on contracts that we temporarily continue to hold after the early termination of a hedged position, or that otherwise no longer qualify for hedge accounting, are recognized in Other (Income) Expense. Refer to Note to the Consolidated Financial Statements No. 16, Financing Arrangements and Derivative Financial Instruments.

Stock-Based Compensation

We measure compensation cost arising from the grant of stock-based awards to employees at fair value and recognize such cost in income over the period during which the service is provided, usually the vesting period. We recognize compensation expense using the straight-line approach.

Stock-based awards to employees include grants of performance share units, restricted stock units and stock options. We measure the fair value of grants of performance share units and restricted stock units based primarily on the closing market

price of a share of our common stock on the date of the grant, modified as appropriate to take into account the features of such grants.

We estimate the fair value of stock options using the Black-Scholes valuation model. Assumptions used to estimate compensation expense are determined as follows:

•

Expected term represents the period of time that options granted are expected to be outstanding based on our historical experience of option exercises;

•

Expected volatility is measured using the weighted average of historical daily changes in the market price of our common stock over the expected term of the award and implied volatility calculated for our exchange traded options with an expiration date greater than one year;

•

Risk-free interest rate is equivalent to the implied yield on zero-coupon U.S. Treasury bonds with a remaining maturity equal to the expected term of the awards; and

•

Forfeitures are based substantially on the history of cancellations of similar awards granted in prior years.

Refer to Note to the Consolidated Financial Statements No. 19, Stock Compensation Plans.

Earnings Per Share of Common Stock

Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share primarily reflects the dilutive impact of outstanding stock options and other stock based awards. All earnings per share amounts in these notes to the consolidated financial statements are diluted, unless otherwise noted. Refer to Note to the Consolidated Financial Statements No. 8, Earnings Per Share.

Fair Value Measurements

Valuation Hierarchy

Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date.

•

Level 1 — Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets.

•

Level 2 — Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

•

Level 3 — Valuation is based upon other unobservable inputs that are significant to the fair value measurement.

The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement. Valuation methodologies used for assets and liabilities measured at fair value are as follows:

Investments

Where quoted prices are available in an active market, investments are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government bonds, certain mortgage products and exchange-traded equities. If quoted market prices are not available, fair values are estimated using quoted prices of securities with similar characteristics or inputs other than quoted prices that are observable for the security, and would be classified within Level 2 of the valuation hierarchy. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities would be classified within Level 3 of the valuation hierarchy.

Derivative Financial Instruments

Exchange-traded derivative financial instruments that are valued using quoted prices would be classified within Level 1 of the valuation hierarchy. Derivative financial instruments valued using internally-developed models that use as their basis readily observable market parameters are classified within Level 2 of the valuation hierarchy. Derivative financial instruments that are valued based upon models with significant unobservable market parameters, and that are normally traded less actively, would be classified within Level 3 of the valuation hierarchy. Refer to Notes to the Consolidated Financial Statements No. 16, Financing Arrangements and Derivative Financial Instruments, and No. 17, Fair Value Measurements.

Reclassifications and Adjustments

Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation.

Net Sales

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Net Sales

Note 3. Net Sales

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2023:



(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Tire unit sales	$	10,028	$	4,924	$	2,336	$	17,288
Other tire and related sales		790		532		89		1,411
Retail services and service related sales		685		150		34		869
Chemical sales		467		—		—		467
Other		23		—		8		31
Net Sales by reportable segment	$	11,993	$	5,606	$	2,467	$	20,066

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2022:



(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Tire unit sales	$	10,694	$	4,943	$	2,249	$	17,886
Other tire and related sales		746		582		93		1,421
Retail services and service related sales		645		120		48		813
Chemical sales		654		—		—		654
Other		27		—		4		31
Net Sales by reportable segment	$	12,766	$	5,645	$	2,394	$	20,805

The following table shows disaggregated net sales from contracts with customers by major source for the year ended December 31, 2021:



(In millions)	Americas		Europe, Middle East and Africa		Asia Pacific		Total
Tire unit sales	$	8,221	$	4,669	$	2,027	$	14,917
Other tire and related sales		653		454		95		1,202
Retail services and service related sales		587		112		59		758
Chemical sales		569		—		—		569
Other		21		8		3		32
Net Sales by reportable segment	$	10,051	$	5,243	$	2,184	$	17,478

Tire unit sales consist of consumer, commercial, farm and off-the-road tire sales, including the sale of new Company-branded tires through Company-owned retail channels. Other tire and related sales consist of aviation, race and motorcycle tire sales, retread sales and other tire related sales. Sales of tires in this category are not included in reported tire unit information. Retail services and service related sales consist of automotive services performed for customers through our Company-owned retail channels, and includes service related products. Chemical sales relate to the sale of synthetic rubber and other chemicals to third parties, and exclude intercompany sales. Other sales include items such as franchise fees and ancillary tire parts.

When we receive consideration from a customer prior to transferring goods or services under the terms of a sales contract, we record deferred revenue, which represents a contract liability. Deferred revenue included in Other Current Liabilities in the Consolidated Balance Sheets totaled $18 million and $19 million at December 31, 2023 and 2022, respectively. Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $10 million and $15 million at December 31, 2023 and 2022, respectively. We recognize deferred revenue after we have transferred control of the goods or services to the customer and all revenue recognition criteria are met.

The following table presents the balances of deferred revenue related to contracts with customers, and changes during the years ended December 31:



(In millions)	2023			2022
Balance at January 1	$	34		$	44
Revenue deferred during period		220			150
Revenue recognized during period		(225	)		(159	)
Impact of foreign currency translation		(1	)		(1	)
Balance at December 31	$	28		$	34

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Other (Income) Expense

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Other (Income) Expense

Note 6. Other (Income) Expense



(In millions)	2023			2022			2021
Non-service related pension and other postretirement benefits cost	$	148		$	178		$	92
Interest income on a favorable indirect tax ruling in Brazil		—			—			(48	)
Financing fees and financial instruments expense		59			40			39
Net foreign currency exchange (gains) losses		87			12			29
Interest income		(84	)		(34	)		(24	)
General and product liability expense - discontinued products		6			5			—
Royalty income		(30	)		(27	)		(24	)
Net (gains) losses on asset sales		(104	)		(122	)		(20	)
Transaction costs		—			—			40
Miscellaneous (income) expense		26			23			10
	$	108		$	75		$	94

Non-service related pension and other postretirement benefits cost consists primarily of the interest cost, expected return on plan assets and amortization components of net periodic cost, as well as curtailments and settlements which are not related to rationalization plans. Non-service related pension and other postretirement benefits cost includes net pension settlement and

curtailment charges of $40 million, $124 million and $43 million in 2023, 2022 and 2021, respectively. For further information, refer to Note to the Consolidated Financial Statements No. 18, Pension, Other Postretirement Benefits and Savings Plans.

We, along with other companies, had previously filed various claims with the Brazilian tax authorities challenging the legality of the government's calculation of certain indirect taxes. In 2021, the Brazilian Supreme Court rendered a final ruling that was favorable to companies on the remaining open aspects of these claims. As a result of the ruling, we recorded a gain in CGS of $69 million and related interest income of $48 million in Other (Income) Expense.

Financing fees and financial instruments expense consists of commitment fees and charges incurred in connection with financing transactions, primarily due to accounts receivable factoring programs. Financing fees and financial instruments expense in 2021 included a $10 million charge for a commitment fee on a bridge term loan facility related to the Cooper Tire acquisition that was not utilized and was terminated upon the closing of the transaction.

Net foreign currency exchange (gains) losses include losses of $80 million, $19 million and $13 million related to the Argentine peso in 2023, 2022 and 2021, respectively, and a $13 million loss related to the Turkish lira in 2023.

Interest income includes interest income in Argentina of $44 million, $17 million and $8 million in 2023, 2022 and 2021, respectively.

Net gains on asset sales in 2023 primarily relate to gains on sale and leaseback transactions of $88 million, resulting in $99 million of cash proceeds. Sale and leaseback transactions included the sale and leaseback of a warehouse in Americas in the second quarter of 2023 and a retail location in Americas in the fourth quarter of 2023. A $59 million gain was recorded in the second quarter of 2023 related to the sale and leaseback transaction for the warehouse in Americas. Cash proceeds related to this transaction totaled $66 million. Leaseback terms for this location include a 5-year initial term with one 5-year renewal option. We have determined it is not probable that we will exercise this option. This transaction resulted in the recognition of Operating Lease Right-of-Use Assets totaling $24 million. The sale and leaseback transaction in the fourth quarter of 2023 for the retail location in Americas resulted in a gain of $23 million. Cash proceeds related to this transaction totaled $24 million. Leaseback terms for this location include a 5-year initial term. This transaction resulted in the recognition of Operating Lease Right-of-Use Assets totaling $7 million. The remainder of net gains on asset sales in 2023 primarily relate to the sale and exit of certain retail locations in Americas.

Net gains on asset sales in 2022 include a $95 million gain related to a sale and leaseback transaction of certain consumer and commercial retail locations in Americas. Cash proceeds related to this transaction totaled $108 million. Leaseback terms for all locations include a 15-year initial term with up to six 5-year renewal options. We determined at the inception of the leases that it was not probable that we would exercise any of the renewal options. The transaction resulted in the recognition of Operating Lease Right-of-Use Assets totaling $57 million. The remainder of net gains on asset sales in 2022 primarily relate to the sale and exit of certain retail locations in Americas. Net gains on asset sales in 2021 primarily relate to the sale of land in Hanau, Germany.

Transaction costs include legal, consulting and other expenses incurred by us in connection with the Cooper Tire acquisition.

Miscellaneous (income) expense in 2023 includes non-indemnified costs for product liability claims related to products manufactured by a formerly consolidated joint venture entity totaling $31 million and a $10 million loss related to the sale of a receivable in Argentina, partially offset by $5 million of income for the write-off of accumulated foreign currency translation related to our exited business in Russia. Miscellaneous (income) expense in 2023 also includes $11 million of income related to a favorable court decision setting aside a previous unfavorable verdict on intellectual property-related legal claims. The impact of that verdict and other fees of $15 million was recorded in miscellaneous (income) expense in 2022. Miscellaneous (income) expense in 2021 includes an insurance settlement gain of $10 million.

Other (Income) Expense also includes general and product liability expense - discontinued products, which consists of charges for claims against us related primarily to asbestos personal injury claims, net of probable insurance recoveries; and royalty income, which is derived primarily from licensing arrangements.

Stock Compensation Plans

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock Compensation Plans

Note 19. Stock Compensation Plans

Our stock compensation plans (collectively, the “Plans”) permit the grant of stock options, stock appreciation rights (“SARs”), performance share units, restricted stock, restricted stock units and other stock-based awards to employees and directors. Our current stock compensation plan, the 2022 Performance Plan, was adopted on April 11, 2022 and expires on February 28, 2032. A total of 21 million shares of our common stock may be issued in respect of grants made under the 2022 Performance Plan. Any shares of common stock that are subject to awards of stock options or SARs will be counted as one share for each share granted for purposes of the aggregate share limit and any shares of common stock that are subject to any other awards will be counted as 2 shares for each share granted for purposes of the aggregate share limit. In addition, shares of common stock that are subject to awards issued under the 2022 Performance Plan or certain prior Plans that expire according to their terms or are forfeited, terminated, canceled or surrendered or are settled, or can be paid, only in cash, or are surrendered in payment of taxes associated with such awards (other than stock options or SARs) will be available for issuance pursuant to a new award under the 2022 Performance Plan. Shares issued under our Plans are usually issued from shares of our common stock held in treasury.

Stock Options

Grants of stock options and SARs (collectively referred to as “options”) under the Plans generally have a graded vesting period of four years whereby one-fourth of the awards vest on each of the first four anniversaries of the grant date, an exercise price equal to the fair market value of one share of our common stock on the date of grant (i.e., the closing market price on that date) and a contractual term of ten years. The exercise of tandem SARs cancels an equivalent number of stock options and, conversely, the exercise of stock options cancels an equivalent number of tandem SARs. Option grants are cancelled on, or 90 days following, termination of employment unless termination is due to retirement, death or disability under certain circumstances, in which case, all outstanding options vest fully and remain outstanding for a term set forth in the related grant agreement.

The following table summarizes the activity related to options during 2023:


	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value (In millions)
Outstanding at January 1		5,927,398		$	17.20
Options granted		—			—
Options exercised		(329,824	)		10.12			$	1.0
Options expired		(315,118	)		15.69
Options cancelled		(217,641	)		17.48
Outstanding at December 31		5,064,815			17.74		4.5		13.1
Vested and expected to vest at December 31		5,052,481			17.76		4.5		13.0
Exercisable at December 31		3,861,080			20.12		3.9		8.0
Available for grant at December 31		18,710,713

In addition, the aggregate intrinsic value of options exercised in 2022 and 2021 was $0.4 million and $11 million, respectively.

Significant option groups outstanding at December 31, 2023 and related weighted average exercise price and remaining contractual term information follows:


Grant Date	Options Outstanding		Options Exercisable		Exercise Price		Remaining Contractual Term (Years)
2/25/2020		3,110,848		1,907,360	$	10.12		6.16
2/27/2017		511,087		511,087		35.26		3.16
2/22/2016		492,706		492,706		29.90		2.15
2/23/2015		444,806		444,806		27.16		1.15
2/24/2014		338,440		338,440		26.44		0.15
All Other (1)		166,928		166,681
		5,064,815		3,861,080

(1)

Options in the “All Other” category had exercise prices ranging from $22.27 to $32.72. The weighted average exercise price for options outstanding and exercisable in that category was $27.61 for both, while the remaining weighted average contractual term was 1.4 years for both.

Performance Share Units

Performance share units granted under the Plans are earned over a three-year period beginning January 1 of the year of grant. Total units earned for grants made in 2023, 2022 and 2021 may vary between 0% and 200% of the units granted based on the attainment of performance targets during the related three-year period and continued service. The performance targets are established by the Board of Directors. All of the units earned will be settled through the issuance of an equivalent number of shares of our common stock and are equity classified.

The following table summarizes the activity related to performance share units during 2023:


	Units			Weighted Average Grant Date Fair Value
Unvested at January 1		663,690		$	19.43
Units granted		381,169			11.48
Units vested		(336,402	)		12.85
Units forfeited		—			—
Unvested at December 31		708,457			14.69

We measure the fair value of grants of performance share units based primarily on the closing market price of a share of our common stock on the date of the grant, modified as appropriate to take into account the features of such grants.

Restricted Stock Units

Restricted stock units granted under the Plans typically vest over a three-year period beginning on the date of grant. Restricted stock units will be settled through the issuance of an equivalent number of shares of our common stock and are equity classified.

The following table summarizes the activity related to restricted stock units during 2023:


	Units			Weighted Average Grant Date Fair Value
Unvested at January 1		1,374,608		$	12.95
Units granted		1,361,432			11.84
Units vested		(1,270,023	)		11.03
Units forfeited		(63,887	)		13.10
Unvested at December 31		1,402,131			13.60
Units vested but not released		1,884,258			12.24
Outstanding at December 31		3,286,389			14.10

We measure the fair value of grants of restricted stock units based on the closing market price of a share of our common stock on the date of the grant.

Other Information

Stock-based compensation expense, cash payments made to settle SARs and cash received from the exercise of stock options follows:



(In millions)	2023			2022			2021
Stock-based compensation expense recognized	$	19		$	14		$	36
Tax benefit		(4	)		(3	)		(8	)
After-tax stock-based compensation expense	$	15		$	11		$	28
Cash payments to settle SARs	$	—		$	—		$	—
Cash received from stock option exercises	$	3		$	1		$	26

As of December 31, 2023, unearned compensation cost related to the unvested portion of all stock-based awards was $14 million and is expected to be recognized over the remaining vesting period of the respective grants, through the fourth quarter of 2026.

Earnings Per Share - Narrative (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Underwater Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Equivalent shares excluded from weighted average shares outstanding (in shares)	2	2	2
Unvested Performance Share Units and Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Equivalent shares excluded from weighted average shares outstanding (in shares)	2

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 14. Property, Plant and Equipment


	December 31, 2023									December 31, 2022
(In millions)	Owned			Finance Leases			Total			Owned			Finance Leases			Total
Property, plant and equipment:
Land	$	461		$	1		$	462		$	449		$	1		$	450
Buildings		2,840			218			3,058			2,640			217			2,857
Machinery and equipment		15,664			69			15,733			14,838			51			14,889
Construction in progress		1,340			—			1,340			1,173			—			1,173
		20,305			288			20,593			19,100			269			19,369
Accumulated depreciation		(12,392	)		(80	)		(12,472	)		(11,308	)		(69	)		(11,377	)
		7,913			208			8,121			7,792			200			7,992
Spare parts		371			—			371			302			—			302
	$	8,284		$	208		$	8,492		$	8,094		$	200		$	8,294

The range of useful lives of property used in arriving at the annual amount of depreciation is as follows: buildings and improvements, 3 to 45 years; and machinery and equipment, 3 to 40 years.

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component, After Tax and Minority Interest (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 5,466	$ 5,184	$ 3,259
Ending balance	4,837	5,466	5,184
Foreign Currency Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,663)	(1,402)	(1,284)
Other comprehensive income (loss) before reclassifications	50	(261)	(118)
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Ending balance	(1,613)	(1,663)	(1,402)
Unrealized Gains (Losses) from Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1	0	0
Other comprehensive income (loss) before reclassifications	0	1	0
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Ending balance	1	1	0
Unrecognized Net Actuarial Losses and Prior Service Costs
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,215)	(2,565)	(2,856)
Other comprehensive income (loss) before reclassifications	(125)	162	153
Amounts reclassified from accumulated other comprehensive loss	116	188	138
Ending balance	(2,224)	(2,215)	(2,565)
Deferred Derivative Gains (Losses)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	2	4	5
Other comprehensive income (loss) before reclassifications	(5)	0	1
Amounts reclassified from accumulated other comprehensive loss	4	(2)	(2)
Ending balance	1	2	4
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(3,875)	(3,963)	(4,135)
Other comprehensive income (loss) before reclassifications	(80)	(98)	36
Amounts reclassified from accumulated other comprehensive loss	120	186	136
Ending balance	$ (3,835)	$ (3,875)	$ (3,963)

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

Stock Compensation Plans - Options (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Options Outstanding Activity
Options outstanding, beginning of period (in shares)	5,927,398
Options granted (in shares)	0
Options exercised (in shares)	(329,824)
Options expired (in shares)	(315,118)
Options cancelled (in shares)	(217,641)
Options outstanding, end of period (in shares)	5,064,815	5,927,398
Weighted Average Exercise Price
Options outstanding, beginning of period (in dollars per share)	$ 17.2
Options granted (in dollars per share)	0
Options exercised (in dollars per share)	10.12
Options expired (in dollars per share)	15.69
Options cancelled (in dollars per share)	17.48
Options outstanding, end of period (in dollars per share)	$ 17.74	$ 17.2
Other Options Information
Options vested and expected to vest (in shares)	5,052,481
Options exercisable (in shares)	3,861,080
Options available for grant (in shares)	18,710,713
Options vested and expected to vest, weighted average exercise price (in dollars per share)	$ 17.76
Outstanding end of period (in dollars per share)	$ 20.12
Options outstanding, weighted average remaining contractual term	4 years 6 months
Options vested and expected to vest, weighted average remaining contractual term	4 years 6 months
Options exercisable, weighted average remaining contractual term	3 years 10 months 24 days
Options exercised, aggregate intrinsic value	$ 1.0	$ 0.4	$ 11.0
Options outstanding, aggregate intrinsic value	13.1
Options vested and expected to vest, aggregate intrinsic value	13.0
Options exercisable, aggregate intrinsic value	$ 8.0

Business Segments - Equity In Net Income (Loss) of Investees Accounted For By Equity Method (Details) - Operating Segments - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Equity in (Income) Loss	$ (2)	$ (25)	$ (22)
Americas
Segment Reporting Information [Line Items]
Equity in (Income) Loss	15	(14)	(18)
Asia Pacific
Segment Reporting Information [Line Items]
Equity in (Income) Loss	(16)	(12)	(4)
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Equity in (Income) Loss	$ (1)	$ 1	$ 0

Capital Stock - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Capital Stock - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class Of Stock [Line Items]
Common stock cash dividends paid	$ 0	$ 0	$ 0
Common Stock \| Payments for Share Repurchases Related to Employee Stock Based Compensation
Class Of Stock [Line Items]
Common stock repurchased (in shares)	0	0	0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

+ Details

Accumulated Other Comprehensive Loss - Schedule of Comprehensive Income (Loss) Attributable to Minority Shareholders (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Net Income (Loss) Attributable to Minority Shareholders	$ 2	$ 7	$ 16
Other Comprehensive Income (Loss):
Foreign currency translation	4	(14)	(21)
Decrease/Increase in net actuarial losses	0	(3)	1
Other Comprehensive Income (Loss)	4	(17)	(20)
Comprehensive Income (Loss) Attributable to Minority Shareholders	$ 6	$ (10)	$ (4)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

Pension, Other Postretirement Benefits and Savings Plans (Tables)

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Benefit Costs and Amounts Recognized in Other Comprehensive (Income) Loss

Total benefits cost and amounts recognized in other comprehensive (income) loss follows:


	Pension Plans
	U.S.									Non-U.S.									Other Postretirement Benefits
(In millions)	2023			2022			2021			2023			2022			2021			2023			2022			2021
Benefits cost (credit):
Service cost	$	8		$	13		$	9		$	18		$	24		$	30		$	2		$	3		$	3
Interest cost		195			133			94			108			60			47			16			12			9
Expected return on plan assets		(231	)		(214	)		(196	)		(92	)		(67	)		(48	)		—			—			—
Amortization of prior service cost (credit)		—			—			—			2			2			1			(1	)		(1	)		(6	)
Amortization of net losses (gains)		98			101			107			16			21			33			(9	)		2			3
Net periodic cost	$	70		$	33		$	14		$	52		$	40		$	63		$	8		$	16		$	9
Net curtailments/settlements/ termination benefits		34			124			41			7			—			2			—			—			—
Total benefits cost	$	104		$	157		$	55		$	59		$	40		$	65		$	8		$	16		$	9
Recognized in other comprehensive (income) loss before tax and minority:
Prior service cost (credit) from plan amendments	$	—		$	6		$	—		$	—		$	(1	)	$	3		$	—		$	—		$	(4	)
Increase (decrease) in net actuarial losses		40			(99	)		(45	)		120			(10	)		(136	)		1			(101	)		(20	)
Amortization of prior service (cost) credit in net periodic cost		—			—			—			(2	)		(2	)		(2	)		1			1			6
Amortization of net (losses) gains in net periodic cost		(98	)		(101	)		(107	)		(16	)		(21	)		(33	)		9			(2	)		(3	)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments and settlements		(34	)		(124	)		(41	)		(13	)		—			(2	)		—			—			—
Total recognized in other comprehensive (income) loss before tax and minority	$	(92	)	$	(318	)	$	(193	)	$	89		$	(34	)	$	(170	)	$	11		$	(102	)	$	(21	)
Total recognized in total benefits cost and other comprehensive (income) loss before tax and minority	$	12		$	(161	)	$	(138	)	$	148		$	6		$	(105	)	$	19		$	(86	)	$	(12	)

Changes in Benefit Obligation and Plan Assets

The change in benefit obligation and plan assets for 2023 and 2022 and the amounts recognized in our Consolidated Balance Sheets at December 31, 2023 and 2022 are as follows:


	Pension Plans
	U.S.						Non-U.S.						Other Postretirement Benefits
(In millions)	2023			2022			2023			2022			2023			2022
Change in benefit obligation:
Beginning balance	$	(4,084	)	$	(5,798	)	$	(2,227	)	$	(3,464	)	$	(292	)	$	(406	)
Service cost — benefits earned		(8	)		(13	)		(18	)		(24	)		(2	)		(3	)
Interest cost		(195	)		(133	)		(108	)		(60	)		(16	)		(12	)
Plan amendments		—			(6	)		—			1			—			—
Actuarial gain (loss)		(98	)		1,282			(116	)		881			(1	)		103
Participant contributions		—			—			(3	)		(3	)		(7	)		(8	)
Curtailments/settlements/ termination benefits		355			233			21			6			—			—
Foreign currency translation		—			—			(83	)		287			(1	)		5
Benefit payments		371			351			142			149			32			29
Ending balance	$	(3,659	)	$	(4,084	)	$	(2,392	)	$	(2,227	)	$	(287	)	$	(292	)
Change in plan assets:
Beginning balance	$	4,174		$	5,720		$	2,043		$	3,272		$	—		$	—
Actual return on plan assets		290			(969	)		102			(845	)		—			—
Company contributions to plan assets		(18	)		—			42			32			—			—
Cash funding of direct participant payments		4			7			26			21			25			21
Participant contributions		—			—			3			3			7			8
Settlements		(355	)		(233	)		(16	)		(6	)		—			—
Foreign currency translation		—			—			88			(285	)		—			—
Benefit payments		(371	)		(351	)		(142	)		(149	)		(32	)		(29	)
Ending balance	$	3,724		$	4,174		$	2,146		$	2,043		$	—		$	—
Funded status at end of year	$	65		$	90		$	(246	)	$	(184	)	$	(287	)	$	(292	)

Funded Status Recognized in the Consolidated Balance Sheets

The funded status at December 31 recognized in the Consolidated Balance Sheets consists of:


	Pension Plans												Other Postretirement
	U.S.						Non-U.S.						Benefits
(In millions)	2023			2022			2023			2022			2023			2022
Noncurrent assets	$	155		$	164		$	215		$	258		$	—		$	—
Current liabilities		(14	)		(4	)		(28	)		(21	)		(24	)		(24	)
Noncurrent liabilities		(76	)		(70	)		(433	)		(421	)		(263	)		(268	)
Net amount recognized	$	65		$	90		$	(246	)	$	(184	)	$	(287	)	$	(292	)

Amounts Recognized in Accumulated Other Comprehensive Loss

The amounts recorded in AOCL at December 31, net of tax and minority interest, consist of:


	Pension Plans										Other Postretirement
	U.S.				Non-U.S.						Benefits
(In millions)	2023		2022		2023			2022			2023			2022
Prior service (credit) cost	$	3	$	3	$	22		$	22		$	(4	)	$	(4	)
Net actuarial loss (gain)		1,744		1,836		524			435			(85	)		(96	)
Gross amount recorded		1,747		1,839		546			457			(89	)		(100	)
Deferred income taxes		103		81		(77	)		(59	)		(2	)		1
Minority shareholders’ equity		—		—		(4	)		(4	)		—			—
Net amount recorded	$	1,850	$	1,920	$	465		$	394		$	(91	)	$	(99	)

Weighted Average Assumptions Used

The following table presents significant weighted average assumptions used to determine benefit obligations at December 31:


	Pension Plans						Other Postretirement Benefits
	2023			2022			2023			2022
Discount rate:
—U.S.		5.12	%		5.45	%		5.16	%		5.51	%
—Non-U.S.		4.29			4.69			6.38			6.75
Rate of compensation increase:
—U.S.	N/A			N/A			N/A			N/A
—Non-U.S.		2.82			2.84		N/A			N/A

The following table presents significant weighted average assumptions used to determine benefits cost for the years ended December 31:


	Pension Plans									Other Postretirement Benefits
	2023			2022			2021			2023			2022			2021
Discount rate for determining interest cost:
—U.S.		5.34	%		2.74	%		1.72	%		5.37	%		2.33	%		1.97	%
—Non-U.S.		4.72			2.32			1.82			7.64			6.65			6.54
Expected long term return on plan assets:
—U.S.		6.27			4.23			3.74		N/A			N/A			N/A
—Non-U.S.		4.79			2.64			2.27		N/A			N/A			N/A
Rate of compensation increase:
—U.S.	N/A			N/A			N/A			N/A			N/A			N/A
—Non-U.S.		2.84			2.77			2.89		N/A			N/A			N/A

Estimated Future Benefit Payments

The following table presents estimated future benefit payments from the plans as of December 31, 2023. Benefit payments for other postretirement benefits are presented net of retiree contributions and Medicare Part D Subsidy Receipts:


	Pension Plans				Other Postretirement
(In millions)	U.S.		Non-U.S.		Benefits
2024	$	381	$	165	$	24
2025		379		146		23
2026		350		148		23
2027		328		150		23
2028		318		154		23
2029-2033		1,408		813		109

Selected Pension Plan Information

The following table presents selected information on our pension plans at December 31:


	U.S.				Non-U.S.
(In millions)	2023		2022		2023		2022
All plans:
Accumulated benefit obligation	$	3,650	$	4,077	$	2,330	$	2,167
Plans not fully-funded:
Projected benefit obligation	$	292	$	275	$	905	$	799
Accumulated benefit obligation		283		267		858		752
Fair value of plan assets		203		202		445		360

Assumed Health Care Cost Trend Rates

Assumed health care cost trend rates at December 31 follow:


	2023			2022
Health care cost trend rate assumed for the next year		6.75	%		7.0	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.0			5.0
Year that the rate reaches the ultimate trend rate		2031			2031

Pension Plan Weighted Average Investment Allocation

Our pension plan weighted average investment allocation at December 31, by asset category, follows:


	U.S.						Non-U.S.
	2023			2022			2023			2022
Cash and short term securities		—	%		—	%		2	%		3	%
Equity securities		3			6			4			5
Debt securities		97			93			91			88
Alternatives		—			1			3			4
Total		100	%		100	%		100	%		100	%

Fair Values of Pension Plan Assets

The fair values of our pension plan assets at December 31, 2023 by asset category are as follows:


	U.S.								Non-U.S
(In millions)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Cash and Short Term Securities	$	11	$	6	$	5	$	—	$	50		$	46	$	4		$	—
Equity Securities
Common and Preferred Stock		—		—		—		—		1			1		—			—
Commingled Funds		—		—		—		—		5			5		—			—
Mutual Funds		—		—		—		—		43			22		21			—
Debt Securities
Corporate Bonds		1,832		—		1,831		1		223			—		223			—
Government Bonds		729		—		729		—		1,676			67		1,609			—
Repurchase Agreements		—		—		—		—		(453	)		—		(453	)		—
Asset Backed Securities		163		—		163		—		18			—		18			—
Commingled Funds		—		—		—		—		18			18		—			—
Mutual Funds		—		—		—		—		38			38		—			—
Alternatives
Commingled Funds		—		—		—		—		2			2		—			—
Insurance Contracts		1		—		—		1		21			—		—			21
Derivatives		5		—		5		—		1			—		1			—
Mutual Funds		—		—		—		—		1			1		—			—
Total Investments in the Fair Value Hierarchy		2,741	$	6	$	2,733	$	2		1,644		$	200	$	1,423		$	21
Investments Measured at Net Asset Value, as Practical Expedient:
Equity Securities
Commingled Funds		—								29
Mutual Funds		—								4
Partnership Interests		95								—
Debt Securities
Commingled Funds		216								385
Mutual Funds		289								44
Partnership Interests		150								23
Short Term Securities
Commingled Funds		227								7
Alternatives
Commingled Funds		—								27
Partnership Interests		—								9
Total Investments		3,718								2,172
Other		6								(26	)
Total Plan Assets	$	3,724							$	2,146

The fair values of our pension plan assets at December 31, 2022 by asset category are as follows:


	U.S.									Non-U.S
(In millions)	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Cash and Short Term Securities	$	7		$	5	$	2	$	—	$	47		$	43	$	4		$	—
Equity Securities
Common and Preferred Stock		—			—		—		—		22			22		—			—
Commingled Funds		—			—		—		—		14			14		—			—
Mutual Funds		—			—		—		—		15			6		9			—
Debt Securities
Corporate Bonds		1,873			—		1,873		—		222			4		218			—
Government Bonds		646			—		646		—		1,369			51		1,318			—
Repurchase Agreements		—			—		—		—		(348	)		—		(348	)		—
Asset Backed Securities		157			—		157		—		21			5		16			—
Commingled Funds		—			—		—		—		25			19		6			—
Mutual Funds		—			—		—		—		10			10		—			—
Alternatives
Commingled Funds		—			—		—		—		3			3		—			—
Insurance Contracts		1			—		—		1		20			—		—			20
Derivatives		1			—		1		—		1			—		1			—
Total Investments in the Fair Value Hierarchy		2,685		$	5	$	2,679	$	1		1,421		$	177	$	1,224		$	20
Investments Measured at Net Asset Value, as Practical Expedient:
Equity Securities
Commingled Funds		—									38
Mutual Funds		111									3
Partnership Interests		119									—
Debt Securities
Commingled Funds		283									453
Mutual Funds		558									43
Partnership Interests		153									29
Short Term Securities
Commingled Funds		222									14
Pooled Separate Accounts		10									—
Alternatives
Commingled Funds		44									43
Partnership Interests		—									20
Total Investments		4,185									2,064
Other		(11	)								(21	)
Total Plan Assets	$	4,174								$	2,043

Changes in Fair Value of Non-U.S. Pension Plan Insurance Contracts Classified as Level 3

The following table sets forth a summary of changes in fair value of the non-U.S. pension plan insurance contracts classified as Level 3:



(In millions)	2023		2022
Balance, beginning of year	$	20	$	25
Unrealized gains relating to instruments still held at the reporting date		1		(3	)
Foreign currency translation		—		(2	)
Balance, end of year	$	21	$	20

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Common Share

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



(In millions, except per share amounts)	2023			2022		2021
Earnings (loss) per share — basic:
Goodyear net income (loss)	$	(689	)	$	202	$	764
Weighted average shares outstanding		285			284		261
Earnings (loss) per common share — basic	$	(2.42	)	$	0.71	$	2.92

Earnings (loss) per share — diluted:
Goodyear net income (loss)	$	(689	)	$	202	$	764
Weighted average shares outstanding		285			284		261
Dilutive effect of stock options and other dilutive securities		—			2		3
Weighted average shares outstanding — diluted		285			286		264
Earnings (loss) per common share — diluted	$	(2.42	)	$	0.71	$	2.89

Cooper Tire Acquisition (Tables)

12 Months Ended

Dec. 31, 2023

Business Acquisition [Line Items]

Calculation of Merger Consideration


(In millions)	Final Purchase Price Allocation		Cumulative Measurement Period Changes			Initial Purchase Price Allocation
Cash and Cash Equivalents	$	231	$	—		$	231
Accounts Receivable		538		(83	)		621
Inventories		708		15			693
Property, Plant and Equipment		1,346		(26	)		1,372
Goodwill		633		158			475
Intangible Assets		926		(160	)		1,086
Other Assets		360		(2	)		362
		4,742		(98	)		4,840

Accounts Payable — Trade		384		(80	)		464
Compensation and Benefits		356		(30	)		386
Debt, Finance Leases and Notes Payable and Overdrafts		151		—			151
Deferred Tax Liabilities, net		292		(55	)		347
Other Liabilities		441		67			374
Minority Equity		21		—			21
		1,645		(98	)		1,743
Merger Consideration	$	3,097	$	—		$	3,097

Cooper Tire [Member]

Business Acquisition [Line Items]

Schedule of Identifiable Tangible and Intangible Assets Acquired and Liabilities Assumed

The estimated fair values of the identifiable intangible assets acquired, their weighted average estimated useful lives and the related valuation methodology are as follows:


(In millions, except years)	Final Fair Value		Cumulative Measurement Period Changes			Initial Fair Value		Weighted Average Useful Lives	Valuation Methodology
Trade names (indefinite-lived)	$	560	$	250		$	310	N/A	Relief-from-royalty
Trade names (definite-lived)		10		(30	)		40	14 years	Relief-from-royalty
Customer relationships		350		(380	)		730	12 years	Multi-period excess earnings
Non-compete and other		6		—			6	2 years	Discounted cash flow
	$	926	$	(160	)	$	1,086

Schedule of Pro Forma Financial Information


	Year Ended December 31,
(In millions)	2021
Net Sales	$	18,732
Income before Income Taxes		791
Goodyear Net Income		974

Property, Plant and Equipment Property, Plant and Equipment - (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Land	$ 462	$ 450
Buildings	3,058	2,857
Machinery and equipment	15,733	14,889
Construction in progress	1,340	1,173
Property, plant, and equipment and finance lease right-of-use asset, gross	20,593	19,369
Accumulated depreciation	(12,472)	(11,377)
Property plant and equipment, net before spare parts	8,121	7,992
Spare parts	371	302
Property, plant and equipment, net	8,492	8,294
Owned
Property, Plant and Equipment [Line Items]
Land	461	449
Buildings	2,840	2,640
Machinery and equipment	15,664	14,838
Construction in progress	1,340	1,173
Property, plant, and equipment and finance lease right-of-use asset, gross	20,305	19,100
Accumulated depreciation	(12,392)	(11,308)
Property plant and equipment, net before spare parts	7,913	7,792
Spare parts	371	302
Property, plant and equipment, net	8,284	8,094
Finance Leases
Property, Plant and Equipment [Line Items]
Land	1	1
Buildings	218	217
Machinery and equipment	69	51
Construction in progress	0	0
Property, plant, and equipment and finance lease right-of-use asset, gross	288	269
Accumulated depreciation	(80)	(69)
Property plant and equipment, net before spare parts	208	200
Spare parts	0	0
Property, plant and equipment, net	$ 208	$ 200
Building and Building Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Building and Building Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	45 years
Machinery and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Machinery and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities at Fair Value

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheet at December 31:


	Total Carrying Value in the Consolidated Balance Sheet				Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In millions)	2023		2022		2023		2022		2023		2022		2023		2022
Assets:
Investments	$	19	$	8	$	19	$	8	$	—	$	—	$	—	$	—
Foreign Exchange Contracts		2		5		—		—		2		5		—		—
Total Assets at Fair Value	$	21	$	13	$	19	$	8	$	2	$	5	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	29	$	13	$	—	$	—	$	29	$	13	$	—	$	—
Total Liabilities at Fair Value	$	29	$	13	$	—	$	—	$	29	$	13	$	—	$	—

Supplemental Fair Value Information

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding finance leases, at December 31:


	December 31,		December 31,
(In millions)	2023		2022
Fixed Rate Debt(1):
Carrying amount — liability	$	5,720	$	5,766
Fair value — liability		5,488		5,198
Variable Rate Debt(1):
Carrying amount — liability	$	1,292	$	1,474
Fair value — liability		1,286		1,437

(1)

Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Note 15. Leases

The components of lease expense included in Income (Loss) before Income Taxes for the years ended December 31, 2023, 2022 and 2021 are as follows:



(In millions)	2023			2022			2021
Operating Lease Expense	$	302		$	300		$	295
Finance Lease Expense:
Amortization of ROU assets		12			10			9
Interest on lease liabilities		20			20			21
Short Term Lease Expense		11			17			11
Variable Lease Expense		3			5			8
Sublease Income		(10	)		(11	)		(11	)
Total Lease Expense	$	338		$	341		$	333

Supplemental cash flow information related to leases for the years ended December 31, 2023, 2022 and 2021 is as follows:



(In millions)	2023		2022		2021
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating Cash Flows for Operating Leases	$	278	$	276	$	278
Operating Cash Flows for Finance Leases		20		20		21
Financing Cash Flows for Finance Leases		8		6		6
ROU Assets Obtained in Exchange for Lease Obligations
Operating Leases		218		250		378
Finance Leases		17		20		14

Supplemental balance sheet information related to leases as of December 31, 2023 and 2022 is as follows:



(In millions, except lease term and discount rate)	2023			2022
Operating Leases
Operating Lease ROU Assets	$	985		$	976

Operating Lease Liabilities due Within One Year	$	200		$	199
Operating Lease Liabilities		825			821
Total Operating Lease Liabilities	$	1,025		$	1,020

Finance Leases
Property, Plant and Equipment, at cost	$	288		$	269
Accumulated Depreciation		(80	)		(69	)
Property, Plant and Equipment, net	$	208		$	200

Long Term Debt and Finance Leases due Within One Year	$	10		$	8
Long Term Debt and Finance Leases		258			247
Total Finance Lease Liabilities	$	268		$	255


Weighted Average Remaining Lease Term (years)
Operating Leases	7.0		7.4
Finance Leases	27.3		29.2

Weighted Average Discount Rate
Operating Leases	7.24	%	6.82	%
Finance Leases	8.17	%	8.26	%

Future maturities of our lease liabilities, excluding subleases, as of December 31, 2023 are as follows:



(In millions)	Operating Leases		Finance Leases
2024	$	260	$	29
2025		221		28
2026		183		28
2027		147		27
2028		110		26
Thereafter		413		617
Total Lease Payments		1,334		755
Less: Imputed Interest		309		487
Total	$	1,025	$	268

As of December 31, 2023, we have additional operating and finance leases that have not yet commenced for which the present value of lease payments over the respective lease terms totals $162 million. Accordingly, these leases are not recorded on the Consolidated Balance Sheets at December 31, 2023. These leases will commence in 2024 and 2025 with lease terms of 1 year to 40 years.

Business Segments - Narrative (Details) $ in Millions	12 Months Ended
Business Segments - Narrative (Details) $ in Millions	Dec. 31, 2023 USD ($) Segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	3
Cash and cash equivalents	$ 902	$ 1,227	$ 1,088
Asia Pacific
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 244	$ 301
Concentrations of cash and cash equivalents	27.00%	25.00%
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 297	$ 361
Concentrations of cash and cash equivalents	33.00%	29.00%
Americas
Segment Reporting Information [Line Items]
Cash and cash equivalents	$ 237	$ 316
Concentrations of cash and cash equivalents	26.00%	26.00%

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease, Cost

The components of lease expense included in Income (Loss) before Income Taxes for the years ended December 31, 2023, 2022 and 2021 are as follows:



(In millions)	2023			2022			2021
Operating Lease Expense	$	302		$	300		$	295
Finance Lease Expense:
Amortization of ROU assets		12			10			9
Interest on lease liabilities		20			20			21
Short Term Lease Expense		11			17			11
Variable Lease Expense		3			5			8
Sublease Income		(10	)		(11	)		(11	)
Total Lease Expense	$	338		$	341		$	333

Direct Financing Lease, Lease Income

Supplemental cash flow information related to leases for the years ended December 31, 2023, 2022 and 2021 is as follows:



(In millions)	2023		2022		2021
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating Cash Flows for Operating Leases	$	278	$	276	$	278
Operating Cash Flows for Finance Leases		20		20		21
Financing Cash Flows for Finance Leases		8		6		6
ROU Assets Obtained in Exchange for Lease Obligations
Operating Leases		218		250		378
Finance Leases		17		20		14

Lessee, Balance Sheet Information

Supplemental balance sheet information related to leases as of December 31, 2023 and 2022 is as follows:



(In millions, except lease term and discount rate)	2023			2022
Operating Leases
Operating Lease ROU Assets	$	985		$	976

Operating Lease Liabilities due Within One Year	$	200		$	199
Operating Lease Liabilities		825			821
Total Operating Lease Liabilities	$	1,025		$	1,020

Finance Leases
Property, Plant and Equipment, at cost	$	288		$	269
Accumulated Depreciation		(80	)		(69	)
Property, Plant and Equipment, net	$	208		$	200

Long Term Debt and Finance Leases due Within One Year	$	10		$	8
Long Term Debt and Finance Leases		258			247
Total Finance Lease Liabilities	$	268		$	255


Weighted Average Remaining Lease Term (years)
Operating Leases	7.0		7.4
Finance Leases	27.3		29.2

Weighted Average Discount Rate
Operating Leases	7.24	%	6.82	%
Finance Leases	8.17	%	8.26	%

Lessee, Operating Lease, Liability, Maturity

Future maturities of our lease liabilities, excluding subleases, as of December 31, 2023 are as follows:



(In millions)	Operating Leases		Finance Leases
2024	$	260	$	29
2025		221		28
2026		183		28
2027		147		27
2028		110		26
Thereafter		413		617
Total Lease Payments		1,334		755
Less: Imputed Interest		309		487
Total	$	1,025	$	268

Finance Lease, Liability, Maturity

Future maturities of our lease liabilities, excluding subleases, as of December 31, 2023 are as follows:



(In millions)	Operating Leases		Finance Leases
2024	$	260	$	29
2025		221		28
2026		183		28
2027		147		27
2028		110		26
Thereafter		413		617
Total Lease Payments		1,334		755
Less: Imputed Interest		309		487
Total	$	1,025	$	268

Earnings Per Share - Basic and Diluted Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings (loss) per share — basic:
Net Income (Loss)	$ (689)	$ 202	$ 764
Weighted Average Shares Outstanding (Note 8)	285	284	261
Earnings (loss) per common share-basic (in dollars per share)	$ (2.42)	$ 0.71	$ 2.92
Earnings (loss) per share — diluted:
Net Income (Loss)	$ (689)	$ 202	$ 764
Weighted Average Shares Outstanding (Note 8)	285	284	261
Dilutive effect of stock options and other dilutive securities (in shares)	0	2	3
Weighted Average Shares Outstanding (Note 8)	285	286	264
Earnings (loss) per common share-diluted (in dollars per share)	$ (2.42)	$ 0.71	$ 2.89

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Financing Arrangements and Derivative Financial Instruments - Maturities of Long-term Debt and Finance Leases (Details) $ in Millions	Dec. 31, 2023 USD ($)
Debt and Capital Lease Annual Maturities
2024	$ 792
2025	1,089
2026	1,304
2027	1,078
2028	701
United States
Debt and Capital Lease Annual Maturities
2024	93
2025	805
2026	1,288
2027	820
2028	150
Foreign
Debt and Capital Lease Annual Maturities
2024	699
2025	284
2026	16
2027	258
2028	$ 551

Leases - Additional Information (Details) $ in Millions	12 Months Ended
Leases - Additional Information (Details) $ in Millions	Dec. 31, 2023 USD ($)
Operating Leased Assets [Line Items]
Lease not yet commenced, amount	$ 162
Operating and finance lease commencement year	2024
Operating and finance lease commencement year	2025
Minimum
Operating Leased Assets [Line Items]
Operating and finance lease, term of contract	1 year
Maximum
Operating Leased Assets [Line Items]
Operating and finance lease, term of contract	40 years

Pension, Other Postretirement Benefits and Savings Plans

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Pension, Other Postretirement Benefits and Savings Plans

Note 18. Pension, Other Postretirement Benefits and Savings Plans

We provide employees with defined benefit pension or defined contribution savings plans. Our hourly U.S. pension plans are frozen, except for certain grandfathered participants in the Cooper Tire hourly pension plans who continue to accrue benefits, and provide benefits based on length of service. The principal salaried U.S. pension plans are frozen and provide benefits based on compensation and length of service. Salaried employees who made voluntary contributions to these plans receive higher benefits. We also provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. Substantial portions of retiree health care benefits are not insured and are funded from operations.

During 2023, we recognized settlement charges of $40 million in Other (Income) Expense, primarily related to the settlement of all plan benefits of the Cooper Tire U.S. salaried defined benefit pension plan with lump sum payments to electing participants and the purchase of a group annuity contract. After settlement, excess plan assets of $18 million were used to fund

obligations associated with our U.S. salaried defined contribution savings plan. During 2023, we recognized termination benefits charges of $1 million in Rationalizations related to the closure of the Fulda tire manufacturing facility.

During 2022, we recognized settlement charges of $124 million in Other (Income) Expense, primarily related to our U.S. pension plans. The settlement charges resulted from total lump sum payments exceeding annual service and interest cost of the applicable plans.

During 2021, we recognized settlement charges of $43 million in Other (Income) Expense, primarily related to our salaried U.S pension plans. The settlement charges resulted from total lump sum payments exceeding annual service and interest cost of the applicable plans.

Our U.K. pension plan obligations include $37 million to recognize the estimated impact to our plans from court rulings in 2018 and later, involving a plan with similar features to ours that was sponsored by another company, that required equal guaranteed minimum pension benefits for males and females. These amounts have been recognized in AOCL, including a $16 million actuarial loss in 2023 from an agreement with the plan trustees on implementation of changes for certain participants in one of our U.K. pension plans. The actual impact to our U.K. pension plans is still subject to the finalization of plan amendments for all impacted participants in response to the court rulings.

Total benefits cost and amounts recognized in other comprehensive (income) loss follows:


	Pension Plans
	U.S.									Non-U.S.									Other Postretirement Benefits
(In millions)	2023			2022			2021			2023			2022			2021			2023			2022			2021
Benefits cost (credit):
Service cost	$	8		$	13		$	9		$	18		$	24		$	30		$	2		$	3		$	3
Interest cost		195			133			94			108			60			47			16			12			9
Expected return on plan assets		(231	)		(214	)		(196	)		(92	)		(67	)		(48	)		—			—			—
Amortization of prior service cost (credit)		—			—			—			2			2			1			(1	)		(1	)		(6	)
Amortization of net losses (gains)		98			101			107			16			21			33			(9	)		2			3
Net periodic cost	$	70		$	33		$	14		$	52		$	40		$	63		$	8		$	16		$	9
Net curtailments/settlements/ termination benefits		34			124			41			7			—			2			—			—			—
Total benefits cost	$	104		$	157		$	55		$	59		$	40		$	65		$	8		$	16		$	9
Recognized in other comprehensive (income) loss before tax and minority:
Prior service cost (credit) from plan amendments	$	—		$	6		$	—		$	—		$	(1	)	$	3		$	—		$	—		$	(4	)
Increase (decrease) in net actuarial losses		40			(99	)		(45	)		120			(10	)		(136	)		1			(101	)		(20	)
Amortization of prior service (cost) credit in net periodic cost		—			—			—			(2	)		(2	)		(2	)		1			1			6
Amortization of net (losses) gains in net periodic cost		(98	)		(101	)		(107	)		(16	)		(21	)		(33	)		9			(2	)		(3	)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments and settlements		(34	)		(124	)		(41	)		(13	)		—			(2	)		—			—			—
Total recognized in other comprehensive (income) loss before tax and minority	$	(92	)	$	(318	)	$	(193	)	$	89		$	(34	)	$	(170	)	$	11		$	(102	)	$	(21	)
Total recognized in total benefits cost and other comprehensive (income) loss before tax and minority	$	12		$	(161	)	$	(138	)	$	148		$	6		$	(105	)	$	19		$	(86	)	$	(12	)

Service cost is recorded in CGS or SAG. Other components of net periodic cost are recorded in Other (Income) Expense. Net curtailments, settlements and termination benefits are recorded in Other (Income) Expense or Rationalizations if related to a rationalization plan.

We use the fair value of pension assets in the calculation of pension expense for all plans.

Total benefits cost for our other postretirement benefits was $5 million, $12 million and $5 million for our U.S. plans in 2023, 2022 and 2021, respectively, and $3 million, $4 million and $4 million for our non-U.S. plans in 2023, 2022 and 2021, respectively.

The Medicare Prescription Drug Improvement and Modernization Act provides plan sponsors a federal subsidy for certain qualifying prescription drug benefits covered under the sponsor’s postretirement health care plans. Our other postretirement benefits cost is presented net of this subsidy, which is less than $1 million annually.

The change in benefit obligation and plan assets for 2023 and 2022 and the amounts recognized in our Consolidated Balance Sheets at December 31, 2023 and 2022 are as follows:


	Pension Plans
	U.S.						Non-U.S.						Other Postretirement Benefits
(In millions)	2023			2022			2023			2022			2023			2022
Change in benefit obligation:
Beginning balance	$	(4,084	)	$	(5,798	)	$	(2,227	)	$	(3,464	)	$	(292	)	$	(406	)
Service cost — benefits earned		(8	)		(13	)		(18	)		(24	)		(2	)		(3	)
Interest cost		(195	)		(133	)		(108	)		(60	)		(16	)		(12	)
Plan amendments		—			(6	)		—			1			—			—
Actuarial gain (loss)		(98	)		1,282			(116	)		881			(1	)		103
Participant contributions		—			—			(3	)		(3	)		(7	)		(8	)
Curtailments/settlements/ termination benefits		355			233			21			6			—			—
Foreign currency translation		—			—			(83	)		287			(1	)		5
Benefit payments		371			351			142			149			32			29
Ending balance	$	(3,659	)	$	(4,084	)	$	(2,392	)	$	(2,227	)	$	(287	)	$	(292	)
Change in plan assets:
Beginning balance	$	4,174		$	5,720		$	2,043		$	3,272		$	—		$	—
Actual return on plan assets		290			(969	)		102			(845	)		—			—
Company contributions to plan assets		(18	)		—			42			32			—			—
Cash funding of direct participant payments		4			7			26			21			25			21
Participant contributions		—			—			3			3			7			8
Settlements		(355	)		(233	)		(16	)		(6	)		—			—
Foreign currency translation		—			—			88			(285	)		—			—
Benefit payments		(371	)		(351	)		(142	)		(149	)		(32	)		(29	)
Ending balance	$	3,724		$	4,174		$	2,146		$	2,043		$	—		$	—
Funded status at end of year	$	65		$	90		$	(246	)	$	(184	)	$	(287	)	$	(292	)

Significant actuarial gains or losses related to changes in benefit obligations for 2023 and 2022 primarily resulted from changes in discount rates.

Other postretirement benefits unfunded status was $195 million and $205 million for our U.S. plans at December 31, 2023 and 2022, respectively, and $92 million and $87 million for our non-U.S. plans at December 31, 2023 and 2022, respectively.

The funded status at December 31 recognized in the Consolidated Balance Sheets consists of:


	Pension Plans												Other Postretirement
	U.S.						Non-U.S.						Benefits
(In millions)	2023			2022			2023			2022			2023			2022
Noncurrent assets	$	155		$	164		$	215		$	258		$	—		$	—
Current liabilities		(14	)		(4	)		(28	)		(21	)		(24	)		(24	)
Noncurrent liabilities		(76	)		(70	)		(433	)		(421	)		(263	)		(268	)
Net amount recognized	$	65		$	90		$	(246	)	$	(184	)	$	(287	)	$	(292	)

The amounts recorded in AOCL at December 31, net of tax and minority interest, consist of:


	Pension Plans										Other Postretirement
	U.S.				Non-U.S.						Benefits
(In millions)	2023		2022		2023			2022			2023			2022
Prior service (credit) cost	$	3	$	3	$	22		$	22		$	(4	)	$	(4	)
Net actuarial loss (gain)		1,744		1,836		524			435			(85	)		(96	)
Gross amount recorded		1,747		1,839		546			457			(89	)		(100	)
Deferred income taxes		103		81		(77	)		(59	)		(2	)		1
Minority shareholders’ equity		—		—		(4	)		(4	)		—			—
Net amount recorded	$	1,850	$	1,920	$	465		$	394		$	(91	)	$	(99	)

The following table presents significant weighted average assumptions used to determine benefit obligations at December 31:


	Pension Plans						Other Postretirement Benefits
	2023			2022			2023			2022
Discount rate:
—U.S.		5.12	%		5.45	%		5.16	%		5.51	%
—Non-U.S.		4.29			4.69			6.38			6.75
Rate of compensation increase:
—U.S.	N/A			N/A			N/A			N/A
—Non-U.S.		2.82			2.84		N/A			N/A

The following table presents significant weighted average assumptions used to determine benefits cost for the years ended December 31:


	Pension Plans									Other Postretirement Benefits
	2023			2022			2021			2023			2022			2021
Discount rate for determining interest cost:
—U.S.		5.34	%		2.74	%		1.72	%		5.37	%		2.33	%		1.97	%
—Non-U.S.		4.72			2.32			1.82			7.64			6.65			6.54
Expected long term return on plan assets:
—U.S.		6.27			4.23			3.74		N/A			N/A			N/A
—Non-U.S.		4.79			2.64			2.27		N/A			N/A			N/A
Rate of compensation increase:
—U.S.	N/A			N/A			N/A			N/A			N/A			N/A
—Non-U.S.		2.84			2.77			2.89		N/A			N/A			N/A

For 2023, a weighted average discount rate of 5.34% was used to determine interest cost for the U.S. pension plans. This rate was derived from spot rates along a yield curve developed from a portfolio of corporate bonds from issuers rated AA or higher by established rating agencies as of December 31, 2022, applied to our expected benefit payment cash flows. For our non-U.S. locations, a weighted average discount rate of 4.72% was used. This rate was developed based on the nature of the liabilities and local environments, using available bond indices, yield curves, projected cash flows, and long term inflation.

For 2023, an assumed weighted average long term rate of return of 6.27% was used for the U.S. pension plans. In developing the long term rate of return, we evaluated input from our pension fund consultant on asset class return expectations, including determining the appropriate rate of return for our plans, which are substantially invested in fixed income securities. For our non-U.S. locations, an assumed weighted average long term rate of return of 4.79% was used. Input from local pension fund consultants concerning asset class return expectations and long term inflation form the basis of this assumption.

The U.S. pension plan mortality assumption is based on our actual historical experience or published actuarial tables, and expected future mortality improvements based on published actuarial tables. For our non-U.S. locations, mortality assumptions are based on published actuarial tables which include projections of future mortality improvements.


	Pension Plans				Other Postretirement
(In millions)	U.S.		Non-U.S.		Benefits
2024	$	381	$	165	$	24
2025		379		146		23
2026		350		148		23
2027		328		150		23
2028		318		154		23
2029-2033		1,408		813		109

The following table presents selected information on our pension plans at December 31:


	U.S.				Non-U.S.
(In millions)	2023		2022		2023		2022
All plans:
Accumulated benefit obligation	$	3,650	$	4,077	$	2,330	$	2,167
Plans not fully-funded:
Projected benefit obligation	$	292	$	275	$	905	$	799
Accumulated benefit obligation		283		267		858		752
Fair value of plan assets		203		202		445		360

Certain non-U.S. subsidiaries maintain unfunded pension plans consistent with local practices and requirements. At December 31, 2023, these plans accounted for $182 million of our accumulated pension benefit obligation, $222 million of our projected pension benefit obligation, and $32 million of our AOCL adjustment. At December 31, 2022, these plans accounted for $176 million of our accumulated pension benefit obligation, $211 million of our projected pension benefit obligation, and $28 million of our AOCL adjustment.

We expect to contribute $25 million to $50 million to our funded pension plans in 2024.

Assumed health care cost trend rates at December 31 follow:


	2023			2022
Health care cost trend rate assumed for the next year		6.75	%		7.0	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.0			5.0
Year that the rate reaches the ultimate trend rate		2031			2031

Our pension plan weighted average investment allocation at December 31, by asset category, follows:


	U.S.						Non-U.S.
	2023			2022			2023			2022
Cash and short term securities		—	%		—	%		2	%		3	%
Equity securities		3			6			4			5
Debt securities		97			93			91			88
Alternatives		—			1			3			4
Total		100	%		100	%		100	%		100	%

Our pension investment policies recognize the long-term nature of pension liabilities, and are primarily designed to offset the future impact of discount rate movements on the funded status for our plans, with target return-seeking allocations based upon given funded ratio levels. All assets are managed externally according to target asset allocation guidelines we have established. Manager guidelines prohibit the use of any type of investment derivative without our prior approval. Portfolio risk is controlled by having managers comply with guidelines, establishing the maximum size of any single holding in their portfolios, and using managers with different investment styles. We periodically undertake asset and liability modeling studies to determine the appropriateness of the investments.

The portfolio of our U.S. pension plan assets includes holdings of global high quality and high yield fixed income securities, short term interest bearing deposits, and private equity and credit securities. The target asset allocation of our U.S. pension plans is 95% in duration-matched fixed income securities and 5% in private equity and credit securities. Actual U.S. pension fund asset allocations are reviewed on a periodic basis and the pension funds are rebalanced to target ranges on an as needed basis.

The portfolios of our non-U.S. pension plans include holdings of global high quality and high yield fixed income securities, U.S. and non-U.S. equities, real estate funds, insurance contracts, repurchase agreements, and short term interest bearing deposits. The weighted average target asset allocation of the non-U.S. pension funds is approximately 90% fixed income, 5% equities and 5% in real estate funds.

The fair values of our pension plan assets at December 31, 2023 by asset category are as follows:


	U.S.								Non-U.S
(In millions)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Cash and Short Term Securities	$	11	$	6	$	5	$	—	$	50		$	46	$	4		$	—
Equity Securities
Common and Preferred Stock		—		—		—		—		1			1		—			—
Commingled Funds		—		—		—		—		5			5		—			—
Mutual Funds		—		—		—		—		43			22		21			—
Debt Securities
Corporate Bonds		1,832		—		1,831		1		223			—		223			—
Government Bonds		729		—		729		—		1,676			67		1,609			—
Repurchase Agreements		—		—		—		—		(453	)		—		(453	)		—
Asset Backed Securities		163		—		163		—		18			—		18			—
Commingled Funds		—		—		—		—		18			18		—			—
Mutual Funds		—		—		—		—		38			38		—			—
Alternatives
Commingled Funds		—		—		—		—		2			2		—			—
Insurance Contracts		1		—		—		1		21			—		—			21
Derivatives		5		—		5		—		1			—		1			—
Mutual Funds		—		—		—		—		1			1		—			—
Total Investments in the Fair Value Hierarchy		2,741	$	6	$	2,733	$	2		1,644		$	200	$	1,423		$	21
Investments Measured at Net Asset Value, as Practical Expedient:
Equity Securities
Commingled Funds		—								29
Mutual Funds		—								4
Partnership Interests		95								—
Debt Securities
Commingled Funds		216								385
Mutual Funds		289								44
Partnership Interests		150								23
Short Term Securities
Commingled Funds		227								7
Alternatives
Commingled Funds		—								27
Partnership Interests		—								9
Total Investments		3,718								2,172
Other		6								(26	)
Total Plan Assets	$	3,724							$	2,146

The fair values of our pension plan assets at December 31, 2022 by asset category are as follows:


	U.S.									Non-U.S
(In millions)	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Cash and Short Term Securities	$	7		$	5	$	2	$	—	$	47		$	43	$	4		$	—
Equity Securities
Common and Preferred Stock		—			—		—		—		22			22		—			—
Commingled Funds		—			—		—		—		14			14		—			—
Mutual Funds		—			—		—		—		15			6		9			—
Debt Securities
Corporate Bonds		1,873			—		1,873		—		222			4		218			—
Government Bonds		646			—		646		—		1,369			51		1,318			—
Repurchase Agreements		—			—		—		—		(348	)		—		(348	)		—
Asset Backed Securities		157			—		157		—		21			5		16			—
Commingled Funds		—			—		—		—		25			19		6			—
Mutual Funds		—			—		—		—		10			10		—			—
Alternatives
Commingled Funds		—			—		—		—		3			3		—			—
Insurance Contracts		1			—		—		1		20			—		—			20
Derivatives		1			—		1		—		1			—		1			—
Total Investments in the Fair Value Hierarchy		2,685		$	5	$	2,679	$	1		1,421		$	177	$	1,224		$	20
Investments Measured at Net Asset Value, as Practical Expedient:
Equity Securities
Commingled Funds		—									38
Mutual Funds		111									3
Partnership Interests		119									—
Debt Securities
Commingled Funds		283									453
Mutual Funds		558									43
Partnership Interests		153									29
Short Term Securities
Commingled Funds		222									14
Pooled Separate Accounts		10									—
Alternatives
Commingled Funds		44									43
Partnership Interests		—									20
Total Investments		4,185									2,064
Other		(11	)								(21	)
Total Plan Assets	$	4,174								$	2,043

At December 31, 2023 and 2022, the Plans did not directly hold any of our common stock.

The classification of fair value measurements within the hierarchy is based upon the lowest level of input that is significant to the measurement. Investments that are measured at Net Asset Value ("NAV") as a practical expedient to estimate fair value are not classified in the fair value hierarchy. Under the practical expedient approach, the NAV is based on the fair value of the underlying investments held by each fund less its liabilities. This practical expedient would not be used when it is determined to be probable that the fund will sell the investment for an amount different than the reported NAV. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to total plan assets. Valuation methodologies used for assets and liabilities measured at fair value are as follows:

•

Cash and Short Term Securities: Cash and cash equivalents consist of U.S. and foreign currencies. Foreign currencies are reported in U.S. dollars based on currency exchange rates readily available in active markets. Short term securities held in commingled funds or pooled separate accounts are valued at the NAV of units held at year end, as determined by the investment manager.

•

Equity Securities: Common and preferred stock, which are held in non-U.S. companies, are valued at the closing price reported on the active market on which the individual securities are traded. Commingled funds are primarily valued at the NAV of units held at year end, as determined by a pricing vendor or the fund family. Mutual funds are valued at the NAV of shares held at year end, as determined by the closing price reported on the active market on which the individual securities are traded, or a pricing vendor or the fund family if an active market is not available. Partnership interests in private equity securities are priced based on valuations using the partnership’s latest available financial statements and the plan's percent ownership, adjusted for any cash transactions which occurred between the date of those financial statements and our year end.

•

Debt Securities: Corporate and government bonds, including asset backed securities, are valued at the closing price reported on the active market on which the individual securities are traded, or based on institutional bid evaluations using proprietary models if an active market is not available. Repurchase agreements are valued at the contract price plus accrued interest. These secured borrowings are collateralized by government bonds held by the non-U.S. plans and have maturities less than one year. Commingled funds are primarily valued at the NAV of units held at year end, as determined by a pricing vendor or the fund family. Mutual funds are valued at the NAV of shares held at year end, as determined by the closing price reported on the active market on which the individual securities are traded, or a pricing vendor or the fund family if an active market is not available. Partnership interests in private credit securities are priced based on valuations using the partnership’s latest available financial statements and the plan's percent ownership, adjusted for any cash transactions which occurred between the date of those financial statements and our year end.

•

Alternatives: Commingled and mutual funds, which primarily consist of real estate funds, are valued based on the NAV as determined by the fund manager using the most recent financial information available, or the closing price on the active market on which the individual securities are traded, if an active market is available. Partnership interests are invested in real estate and priced based on valuations using the partnership's latest available financial statements and the plan's percent ownership, adjusted for any cash transactions which occurred between the date of those financial statements and our year end. Other investments primarily include derivative financial instruments, which are valued using independent pricing sources which utilize industry standard derivative valuation models. Directed insurance contracts are valued as reported by the issuer, based on discounted cash flows using a weighted average discount rate of 3.0% at December 31, 2023 and 2022.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following table sets forth a summary of changes in fair value of the non-U.S. pension plan insurance contracts classified as Level 3:



(In millions)	2023		2022
Balance, beginning of year	$	20	$	25
Unrealized gains relating to instruments still held at the reporting date		1		(3	)
Foreign currency translation		—		(2	)
Balance, end of year	$	21	$	20

Savings Plans

Substantially all employees in the U.S. and employees of certain non-U.S. locations are eligible to participate in defined contribution savings plans. Expenses recognized for contributions to these plans were $131 million, $127 million and $116 million for 2023, 2022 and 2021, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Cooper Tire Acquisition - Schedule of Pro Forma Financial Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Business Acquisition, Pro Forma Information [Abstract]
Net Sales	$ 18,732
Income before Income Taxes	791
Goodyear Net Income	$ 974

Business Segments - Rationalizations, Asset Sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Goodwill Impairment	$ 230	$ 0	$ 0
Rationalizations (Note 4)	502	129	93
Net (Gains) Losses on Asset Sales	(104)	(122)	(20)
Total Segment Asset Write-Offs and Accelerated Depreciation, net	36	37	1
Operating Segments
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	453	124	87
Net (Gains) Losses on Asset Sales	(104)	(122)	(14)
Total Segment Asset Write-Offs and Accelerated Depreciation, net	36	20	1
Operating Segments \| Americas
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	19	32	38
Net (Gains) Losses on Asset Sales	(104)	(122)	(1)
Total Segment Asset Write-Offs and Accelerated Depreciation, net	19	0	0
Operating Segments \| Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Goodwill Impairment	230	0	0
Rationalizations (Note 4)	409	92	49
Net (Gains) Losses on Asset Sales	0	0	(13)
Total Segment Asset Write-Offs and Accelerated Depreciation, net	17	20	1
Operating Segments \| Asia Pacific
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	25	0	0
Corporate
Segment Reporting Information [Line Items]
Rationalizations (Note 4)	49	5	6
Net (Gains) Losses on Asset Sales	0	0	(6)
Total Segment Asset Write-Offs and Accelerated Depreciation, net	$ 0	$ 17	$ 0

Business Segments - Segment Assets (Details) - USD ($)
$ in Millions

Dec. 31, 2023

Dec. 31, 2022

Segment Reporting Information [Line Items]

Assets

$ 21,582

$ 22,431

Operating Segments

Segment Reporting Information [Line Items]

Assets

19,287

20,323

Operating Segments | Americas

Segment Reporting Information [Line Items]

Assets

11,647

12,171

Operating Segments | Europe, Middle East and Africa

Segment Reporting Information [Line Items]

Assets

4,873

5,239

Operating Segments | Asia Pacific

Segment Reporting Information [Line Items]

Assets

2,767

2,913

Corporate

Segment Reporting Information [Line Items]

Assets

^[1]

$ 2,295

$ 2,108

[1]	Corporate includes substantially all of our U.S. net deferred tax assets.

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-25

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
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+ Details

Accounts Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Accounts receivable	$ 2,833	$ 2,722
Allowance for doubtful accounts	(102)	(112)
Accounts receivable, net	$ 2,731	$ 2,610

Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 22. Accumulated Other Comprehensive Loss

The following table presents changes in AOCL by component for the years ended December 31, 2023, 2022 and 2021, after tax and minority interest:



(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) from Securities		Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2020	$	(1,284	)	$	—	$	(2,856	)	$	5		$	(4,135	)
Other comprehensive income (loss) before reclassifications		(118	)		—		153			1			36
Amounts reclassified from accumulated other comprehensive loss		—			—		138			(2	)		136
Balance at December 31, 2021	$	(1,402	)	$	—	$	(2,565	)	$	4		$	(3,963	)
Other comprehensive income (loss) before reclassifications		(261	)		1		162			—			(98	)
Amounts reclassified from accumulated other comprehensive loss		—			—		188			(2	)		186
Balance at December 31, 2022	$	(1,663	)	$	1	$	(2,215	)	$	2		$	(3,875	)
Other comprehensive income (loss) before reclassifications		50			—		(125	)		(5	)		(80	)
Amounts reclassified from accumulated other comprehensive loss		—			—		116			4			120
Balance at December 31, 2023	$	(1,613	)	$	1	$	(2,224	)	$	1		$	(3,835	)

The following table presents reclassifications out of AOCL for the years ended December 31, 2023, 2022 and 2021:


	Year Ended December 31,
(In millions) (Income) Expense	2023			2022			2021
Component of AOCL	Amount Reclassified from AOCL									Affected Line Item in the Consolidated Statements of Operations
Amortization of prior service cost and unrecognized gains and losses	$	106		$	125		$	139		Other (Income) Expense
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures		47			124			43		Other (Income) Expense / Rationalizations
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	$	153		$	249		$	182
Tax effect		(37	)		(61	)		(44	)	United States and Foreign Taxes
Net of tax	$	116		$	188		$	138		Goodyear Net Income (Loss)
Deferred Derivative (Gains) Losses	$	4		$	(2	)	$	(2	)	Cost of Goods Sold
Tax effect		—			—			—		United States and Foreign Taxes
Net of tax	$	4		$	(2	)	$	(2	)	Goodyear Net Income (Loss)
Total reclassifications	$	120		$	186		$	136		Goodyear Net Income (Loss)

The following table presents the details of comprehensive income (loss) attributable to minority shareholders:


	Year Ended December 31,
(In millions)	2023		2022			2021
Net Income Attributable to Minority Shareholders	$	2	$	7		$	16
Other Comprehensive Income (Loss):
Foreign currency translation		4		(14	)		(21	)
Decrease/Increase in net actuarial losses		—		(3	)		1
Other Comprehensive Income (Loss)	$	4	$	(17	)	$	(20	)
Comprehensive Income (Loss) Attributable to Minority Shareholders	$	6	$	(10	)	$	(4	)

Financing Arrangements and Derivative Financial Instruments

12 Months Ended

Dec. 31, 2023

Financing Arrangements And Derivative Financial Instruments [Abstract]

Financing Arrangements and Derivative Financial Instruments

Note 16. Financing Arrangements and Derivative Financial Instruments

At December 31, 2023, we had total credit arrangements of $11,743 million, of which $4,247 million were unused. At that date, approximately 20% of our debt was at variable interest rates averaging 8.09%.

Notes Payable and Overdrafts, Long Term Debt and Finance Leases due Within One Year and Short Term Financing Arrangements

At December 31, 2023, we had short term committed and uncommitted credit arrangements totaling $760 million, of which $380 million were unused. These arrangements are available primarily to certain of our foreign subsidiaries through various banks at quoted market interest rates.

The following table presents amounts due within one year:


	December 31,			December 31,
(In millions)	2023			2022
Chinese credit facilities	$	15		$	26
Other foreign and domestic debt		329			369
Notes Payable and Overdrafts	$	344		$	395
Weighted average interest rate		10.52	%		5.75	%

Chinese credit facilities	$	54		$	136
Other foreign and domestic debt (including finance leases)		395			92
Long Term Debt and Finance Leases due Within One Year	$	449		$	228
Weighted average interest rate		7.27	%		3.88	%
Total obligations due within one year	$	793		$	623

Long Term Debt and Finance Leases and Financing Arrangements

At December 31, 2023, we had long term credit arrangements totaling $10,983 million, of which $3,867 million were unused.

The following table presents long term debt and finance leases, net of unamortized discounts, and interest rates:


	December 31, 2023						December 31, 2022
(In millions)	Amount			Interest Rate			Amount			Interest Rate
Notes:
9.5% due 2025	$	801					$	802
5% due 2026		900						900
4.875% due 2027		700						700
7.625% due 2027		128						131
7% due 2028		150						150
2.75% Euro Notes due 2028		442						427
5% due 2029		850						850
5.25% due April 2031		550						550
5.25% due July 2031		600						600
5.625% due 2033		450						450
Credit Facilities:
First lien revolving credit facility due 2026		385			6.71	%		—			—
European revolving credit facility due 2028		—			—			374			3.39	%
Pan-European accounts receivable facility		244			6.11	%		267			3.77	%
Mexican credit facility		84			7.57	%		200			6.29	%
Chinese credit facilities		174			3.94	%		235			4.23	%
Other foreign and domestic debt(1)		591			7.44	%		650			6.58	%
		7,049						7,286
Unamortized deferred financing fees		(37	)					(46	)
		7,012						7,240
Finance lease obligations(2)		268						255
		7,280						7,495
Less portion due within one year		(449	)					(228	)
	$	6,831					$	7,267

(1)

Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions.

(2)

Includes non-cash financing additions of $17 million and $20 million during the twelve month period ended December 31, 2023 and 2022, respectively.

NOTES

$800 million 9.5% Senior Notes due 2025

At December 31, 2023, $800 million aggregate principal amount of 9.5% senior notes due 2025 were outstanding. $600 million of these notes were sold at 100% of the principal amount and $200 million of these notes were sold at 101.75% of the principal amount at an effective yield of 9.056%. These notes will mature on May 31, 2025. These notes are unsecured senior obligations and are guaranteed by our U.S. and Canadian subsidiaries that also guarantee our obligations under our U.S. first lien revolving credit facility described below.

We have the option to redeem these notes, in whole or in part, at any time at a redemption price of 102.375% and 100% during the 12-month periods commencing on May 31, 2023 and 2024 and thereafter, respectively, plus accrued and unpaid interest to the redemption date.

The terms of the indenture for these notes, among other things, limit the ability of the Company and certain of its subsidiaries, including Goodyear Europe B.V. ("GEBV"), to (i) incur additional debt or issue redeemable preferred stock, (ii) pay dividends, repurchase shares or make certain other restricted payments or investments, (iii) incur liens, (iv) sell assets, (v) incur restrictions on the ability of our subsidiaries to pay dividends or to make other payments to us, (vi) enter into affiliate transactions, (vii) engage in sale and leaseback transactions, and (viii) consolidate, merge, sell or otherwise dispose of all or substantially all of our assets. These covenants are subject to significant exceptions and qualifications. For example, if these notes are assigned an investment grade rating from at least two of Moody's, Standard and Poor's and Fitch and no default has occurred and is

continuing, certain covenants will be suspended and we may elect to suspend the subsidiary guarantees. The indenture has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries.

$900 million 5% Senior Notes due 2026

At December 31, 2023, $900 million aggregate principal amount of 5% senior notes due 2026 were outstanding. These notes were sold at 100% of the principal amount and will mature on May 31, 2026. These notes are unsecured senior obligations and are guaranteed by our U.S. and Canadian subsidiaries that also guarantee our obligations under our U.S. first lien revolving credit facility described below.

We have the option to redeem these notes, in whole or in part, at any time at a redemption price of 100.833% and 100% during the 12-month periods commencing on May 31, 2023 and 2024 and thereafter, respectively, plus accrued and unpaid interest to the redemption date.

The indenture for these notes includes covenants that are substantially similar to those contained in the indenture governing our 9.5% senior notes due 2025, described above.

$700 million 4.875% Senior Notes due 2027

At December 31, 2023, $700 million aggregate principal amount of 4.875% senior notes due 2027 were outstanding. These notes were sold at 100% of the principal amount and will mature on March 15, 2027. These notes are unsecured senior obligations and are guaranteed by our U.S. and Canadian subsidiaries that also guarantee our obligations under our U.S. first lien revolving credit facility described below.

We have the option to redeem these notes, in whole or in part, at any time prior to their maturity. If we elect to redeem the notes prior to December 15, 2026, we will pay a redemption price equal to the greater of 100% of the principal amount of the notes redeemed or the sum of the present values of the remaining scheduled payments on the notes redeemed, discounted using a defined treasury rate plus 50 basis points, plus in either case accrued and unpaid interest to the redemption date. If we elect to redeem the notes on or after December 15, 2026, we will pay a redemption price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest to the redemption date.

The terms of the indenture for these notes, among other things, limit our ability and the ability of certain of our subsidiaries to (i) incur certain liens, (ii) engage in sale and leaseback transactions, and (iii) consolidate, merge, sell or otherwise dispose of all or substantially all of our assets. These covenants are subject to significant exceptions and qualifications.

$117 million 7.625% Senior Notes due 2027

Following the Cooper Tire acquisition and at December 31, 2023, $117 million aggregate principal amount of 7.625% senior notes due 2027 were outstanding. These notes also included a $19 million fair value step-up, which is being amortized against interest expense over the remaining life of the notes. Amortization since the Closing Date was approximately $8 million. These notes are unsecured senior obligations and will mature on March 15, 2027. These notes are not redeemable prior to maturity.

On November 25, 2022, Goodyear assumed Cooper Tire's obligations under these notes.

The terms of the indenture for these notes, among other things, limit our ability and the ability of certain of our subsidiaries to (i) incur certain liens, (ii) enter into certain sale and leaseback transactions, and (iii) consolidate, merge, sell or otherwise dispose of all or substantially all of our assets. These covenants are subject to significant exceptions and qualifications.

$150 million 7% Senior Notes due 2028

At December 31, 2023, $150 million aggregate principal amount of 7% notes due 2028 were outstanding. These notes are unsecured senior obligations and will mature on March 15, 2028.

We have the option to redeem these notes, in whole or in part, at any time at a redemption price equal to the greater of 100% of the principal amount thereof or the sum of the present values of the remaining scheduled payments thereon, discounted using a defined treasury rate plus 15 basis points, plus in either case accrued and unpaid interest to the redemption date.

The terms of the indenture for these notes, among other things, limit our ability and the ability of certain of our subsidiaries to (i) incur secured debt, (ii) engage in sale and leaseback transactions, and (iii) consolidate, merge, sell or otherwise dispose of all or substantially all of our assets. These covenants are subject to significant exceptions and qualifications.

€400 million 2.75% Senior Notes due 2028 of GEBV

At December 31, 2023, €400 million in aggregate principal amount of GEBV 2.75% senior notes due 2028 were outstanding. These notes were sold at 100% of the principal amount and will mature on August 15, 2028. These notes are unsecured senior

obligations of GEBV and are guaranteed, on an unsecured senior basis, by the Company and our U.S. and Canadian subsidiaries that also guarantee our obligations under our U.S. first lien revolving credit facility described below.

We have the option to redeem these notes, in whole or in part, at any time on or after August 15, 2024 at a redemption price of 101.375%, 100.688%, and 100% during the 12-month periods commencing on August 15, 2024, 2025, and 2026 and thereafter, respectively, plus accrued and unpaid interest to the redemption date. Prior to August 15, 2024, we may redeem these notes, in whole or in part, at a redemption price equal to 100% of the principal amount plus a make-whole premium and accrued and unpaid interest to the redemption date. In addition, prior to August 15, 2024, we may redeem up to 35% of the original aggregate principal amount of these notes from the net cash proceeds of certain equity offerings at a redemption price equal to 102.75% of the principal amount plus accrued and unpaid interest to the redemption date.