Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Disaggregated by Major Market Channel

In the following table, revenue is disaggregated by major market channel for the three month period ended March 31, 2018:



	Americas		International		Eliminations			Total
Light vehicle⁽¹⁾	$	433,384	$	121,341	$	(24,950	)	$	529,775
Truck and bus radial	41,461		26,589		(20,190		)	47,860
Other⁽²⁾	10,547		13,314		—			23,861
Net sales	$	485,392	$	161,244	$	(45,140	)	$	601,496


⁽¹⁾	Light vehicle includes passenger car and light truck tires


⁽²⁾	Other includes motorcycle and racing tires, wheels, tire retread material, and other items

Schedule of Receivables, Contract Assets and Contract Liabilities from Contracts with Customers

The following table provides information about contract liabilities from contracts with customers.



	March 31, 2018		December 31, 2017
Contract liabilities	$	1,609	$	1,111

Significant changes in the contract liabilities balance during the period are as follows:



	Deferred revenue
Deferred revenue at beginning of year	$	1,111
Increases due to cash received from customers	3,111
Decreases due to recognition of revenue	(2,613		)
Deferred revenue at March 31, 2018	$	1,609

Summary of Impact on Balance Sheet

The table below summarizes the impact to the balance sheet as of December 31, 2017:



	As Adjusted		Effect of Change		Previously Reported
Accounts receivable, less allowances	$	528,250	$	100,190	$	428,060
Accrued liabilities	280,666		100,190		180,476

The effect of the retrospective presentation change related to the net periodic cost of the Company's defined benefit plans and other postretirement benefits on the Company's Condensed Consolidated Statement of Income for the three month period ended March 31, 2017 was as follows:



				Effect of change
	As Adjusted			Americas			International			Corporate			Previously Reported
Cost of products sold	$	524,439		$	7,295		$	1,373		$	—		$	533,107
Selling, general and administrative expense	60,591			296			—			361			61,248
Other pension and postretirement benefit expense	(9,325		)	(7,591		)	(1,373		)	(361		)	—