Changes in Shareholders' Equity

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

CHANGES IN SHAREHOLDERS’ EQUITY

The following tables present the changes in shareholders’ equity for the nine months ended September 30, 2013 and 2012:

	September 30, 2013									September 30, 2012
(In millions)	Goodyear Shareholders’ Equity			Minority Shareholders’ Equity – Nonredeemable			Total Shareholders’ Equity			Goodyear Shareholders’ Equity			Minority Shareholders’ Equity – Nonredeemable			Total Shareholders’ Equity
Balance at beginning of period	$	370		$	255		$	625		$	749		$	268		$	1,017
Comprehensive income (loss):
Net income (loss)	394			26			420			205			26			231
Foreign currency translation (net of tax of $0 in 2013 and $0 in 2012)	(111		)	(15		)	(126		)	40			11			51
Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2013 and $0 in 2012)	1			—			1			—			—			—
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $8 in 2013 and $6 in 2012)	168			—			168			154			—			154
Decrease (increase) in net actuarial losses (net of tax of $2 in 2013 and $7 in 2012)	122			—			122			15			—			15
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures (net of tax of $0 in 2013 and $0 in 2012)	2			—			2			7			—			7
Prior service credit (cost) from plan amendments (net of tax of $0 in 2013 and $3 in 2012)	—			—			—			72			—			72
Deferred derivative gains (losses) (net of tax of $1 in 2013 and $0 in 2012)	1			—			1			(1		)	—			(1		)
Reclassification adjustment for amounts recognized in income (net of tax of $1 in 2013 and $(3) in 2012)	2			—			2			(4		)	—			(4		)
Unrealized investment gains (losses) (net of tax of $0 in 2013 and $0 in 2012)	12			—			12			—			—			—
Other comprehensive income (loss)	197			(15		)	182			283			11			294
Total comprehensive income (loss)	591			11			602			488			37			525
Purchase of subsidiary shares from minority interest	(2		)	(2		)	(4		)	—			(18		)	(18		)
Dividends declared to minority shareholders	—			(9		)	(9		)	—			(9		)	(9		)
Stock-based compensation plans (Note 10)	12			—			12			14			—			14
Preferred stock dividends declared	(22		)	—			(22		)	(22		)	—			(22		)
Common stock dividends declared	(12		)	—			(12		)	—			—			—
Common stock issued from treasury	15			—			15			1			—			1
Other	—			(4		)	(4		)	—			—			—
Balance at end of period	$	952		$	251		$	1,203		$	1,230		$	278		$	1,508

The following table presents changes in Minority Equity presented outside of Shareholders’ Equity:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2013			2012			2013			2012
Balance at beginning of period	$	520		$	602		$	534		$	607
Comprehensive income (loss):
Net income (loss)	12			8			(1		)	13
Foreign currency translation, net of tax of $0 and $0 in 2013 ($0 and $0 in 2012)	18			13			10			1
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 and $0 in 2013 ($0 and $0 in 2012)	2			1			6			4
Decrease (increase) in net actuarial losses, net of tax of $0 and $0 in 2013 ($0 and $0 in 2012)	—			(2		)	2			(2		)
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures, net of tax of $0 and $0 in 2013 ($0 and $0 in 2012)	—			2			—			2
Prior service credit (cost) from plan amendments, net of tax of $0 and $0 in 2013 ($0 and $0 in 2012)	—			1			—			1
Deferred derivative gains (losses), net of tax of $0 and $0 in 2013 ($0 and $0 in 2012)	(1		)	(1		)	—			(1		)
Reclassification adjustment for amounts recognized in income, net of tax of $0 and $0 in 2013 ($0 and $0 in 2012)	—			(2		)	—			(3		)
Other comprehensive income (loss)	19			12			18			2
Total comprehensive income (loss)	31			20			17			15
Dividends declared to minority shareholders	(11		)	(4		)	(11		)	(4		)
Balance at end of period	$	540		$	618		$	540		$	618