Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Consolidating Financial Information [Abstract]

Consolidating Balance Sheet

	Condensed Consolidating Balance Sheet
	September 30, 2013
(In millions)	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	1,085	$	67	$	1,348	$	—		$	2,500
Accounts Receivable	915		251		2,088		—			3,254
Accounts Receivable From Affiliates	—		742		—		(742		)	—
Inventories	1,158		162		1,717		(93		)	2,944
Prepaid Expenses and Other Current Assets	69		11		281		10			371
Total Current Assets	3,227		1,233		5,434		(825		)	9,069
Goodwill	—		25		511		124			660
Intangible Assets	111		1		26		—			138
Deferred Income Taxes	—		45		133		12			190
Other Assets	257		75		218		—			550
Investments in Subsidiaries	4,110		271		—		(4,381		)	—
Property, Plant and Equipment	2,188		141		4,763		(27		)	7,065
Total Assets	$	9,893	$	1,791	$	11,085	$	(5,097	)	$	17,672
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	784	$	206	$	2,094	$	—		$	3,084
Accounts Payable to Affiliates	315		—		427		(742		)	—
Compensation and Benefits	372		34		388		—			794
Other Current Liabilities	343		45		756		(14		)	1,130
Notes Payable and Overdrafts	—		—		44		—			44
Long Term Debt and Capital Leases Due Within One Year	8		—		124		—			132
Total Current Liabilities	1,822		285		3,833		(756		)	5,184
Long Term Debt and Capital Leases	4,377		—		1,989		—			6,366
Compensation and Benefits	1,899		181		1,031		—			3,111
Deferred and Other Noncurrent Income Taxes	43		11		227		(8		)	273
Other Long Term Liabilities	800		30		165		—			995
Total Liabilities	8,941		507		7,245		(764		)	15,929
Commitments and Contingent Liabilities
Minority Shareholders’ Equity	—		—		328		212			540
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Preferred Stock	500		—		—		—			500
Common Stock	247		319		993		(1,312		)	247
Other Equity	205		965		2,268		(3,233		)	205
Goodyear Shareholders’ Equity	952		1,284		3,261		(4,545		)	952
Minority Shareholders’ Equity — Nonredeemable	—		—		251		—			251
Total Shareholders’ Equity	952		1,284		3,512		(4,545		)	1,203
Total Liabilities and Shareholders’ Equity	$	9,893	$	1,791	$	11,085	$	(5,097	)	$	17,672

	Condensed Consolidating Balance Sheet
	December 31, 2012
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	802		$	68	$	1,411	$	—		$	2,281
Accounts Receivable	905			212		1,446		—			2,563
Accounts Receivable From Affiliates	—			668		—		(668		)	—
Inventories	1,263			176		1,893		(82		)	3,250
Prepaid Expenses and Other Current Assets	64			10		321		9			404
Total Current Assets	3,034			1,134		5,071		(741		)	8,498
Goodwill	—			25		516		123			664
Intangible Assets	110			1		29		—			140
Deferred Income Taxes	—			56		130		—			186
Other Assets	240			61		228		—			529
Investments in Subsidiaries	3,986			299		—		(4,285		)	—
Property, Plant and Equipment	2,260			151		4,565		(20		)	6,956
Total Assets	$	9,630		$	1,727	$	10,539	$	(4,923	)	$	16,973
Liabilities:
Current Liabilities:
Accounts Payable-Trade	$	779		$	214	$	2,230	$	—		$	3,223
Accounts Payable to Affiliates	485			—		183		(668		)	—
Compensation and Benefits	384			31		304		—			719
Other Current Liabilities	350			32		808		(8		)	1,182
Notes Payable and Overdrafts	—			—		102		—			102
Long Term Debt and Capital Leases Due Within One Year	9			—		87		—			96
Total Current Liabilities	2,007			277		3,714		(676		)	5,322
Long Term Debt and Capital Leases	3,462			—		1,426		—			4,888
Compensation and Benefits	2,941			195		1,204		—			4,340
Deferred and Other Noncurrent Income Taxes	41			6		219		(2		)	264
Other Long Term Liabilities	809			32		159		—			1,000
Total Liabilities	9,260			510		6,722		(678		)	15,814
Commitments and Contingent Liabilities
Minority Shareholders’ Equity	—			—		327		207			534
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
Preferred Stock	500			—		—		—			500
Common Stock	245			339		993		(1,332		)	245
Other Equity	(375		)	878		2,242		(3,120		)	(375		)
Goodyear Shareholders’ Equity	370			1,217		3,235		(4,452		)	370
Minority Shareholders’ Equity — Nonredeemable	—			—		255		—			255
Total Shareholders’ Equity	370			1,217		3,490		(4,452		)	625
Total Liabilities and Shareholders’ Equity	$	9,630		$	1,727	$	10,539	$	(4,923	)	$	16,973

Consolidating Statement of Operations

	Consolidating Statements of Operations
	Three Months Ended September 30, 2013
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net Sales	$	2,131		$	676		$	3,246	$	(1,051	)	$	5,002
Cost of Goods Sold	1,810			605			2,620		(1,089		)	3,946
Selling, Administrative and General Expense	241			43			409		(7		)	686
Rationalizations	1			1			19		—			21
Interest Expense	82			7			28		(17		)	100
Other (Income) Expense	(77		)	(2		)	1		78			—
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	74			22			169		(16		)	249
United States and Foreign Taxes	7			7			41		(1		)	54
Equity in Earnings of Subsidiaries	106			10			—		(116		)	—
Net Income (Loss)	173			25			128		(131		)	195
Less: Minority Shareholders’ Net Income (Loss)	—			—			22		—			22
Goodyear Net Income (Loss)	173			25			106		(131		)	173
Less: Preferred Stock Dividends	7			—			—		—			7
Goodyear Net Income (Loss) available to Common Shareholders	$	166		$	25		$	106	$	(131	)	$	166
Comprehensive Income (Loss)	$	241		$	23		$	164	$	(146	)	$	282
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			33		8			41
Goodyear Comprehensive Income (Loss)	$	241		$	23		$	131	$	(154	)	$	241

	Consolidating Statements of Operations
	Three Months Ended September 30, 2012
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net Sales	$	2,304		$	780		$	3,396		$	(1,216	)	$	5,264
Cost of Goods Sold	2,038			712			2,843			(1,278		)	4,315
Selling, Administrative and General Expense	217			44			395			(4		)	652
Rationalizations	3			5			18			—			26
Interest Expense	65			8			30			(17		)	86
Other (Income) Expense	(63		)	(5		)	(3		)	70			(1		)
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	44			16			113			13			186
United States and Foreign Taxes	2			5			42			4			53
Equity in Earnings of Subsidiaries	75			6			—			(81		)	—
Net Income (Loss)	117			17			71			(72		)	133
Less: Minority Shareholders’ Net Income (Loss)	—			—			16			—			16
Goodyear Net Income (Loss)	117			17			55			(72		)	117
Less: Preferred Stock Dividends	7			—			—			—			7
Goodyear Net Income (Loss) available to Common Shareholders	$	110		$	17		$	55		$	(72	)	$	110
Comprehensive Income (Loss)	$	284		$	32		$	134		$	(130	)	$	320
Less: Comprehensive Income (Loss) Attributable to Minority Interest	—			—			33			3			36
Goodyear Comprehensive Income (Loss)	$	284		$	32		$	101		$	(133	)	$	284

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2013
(In millions)	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net Sales	$	6,212		$	2,024	$	9,664	$	(3,151	)	$	14,749
Cost of Goods Sold	5,255			1,813		7,956		(3,292		)	11,732
Selling, Administrative and General Expense	695			127		1,212		(12		)	2,022
Rationalizations	6			2		33		—			41
Interest Expense	233			22		82		(50		)	287
Other (Income) Expense	(204		)	2		99		215			112
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	227			58		282		(12		)	555
United States and Foreign Taxes	14			41		100		(19		)	136
Equity in Earnings of Subsidiaries	181			—		—		(181		)	—
Net Income (Loss)	394			17		182		(174		)	419
Less: Minority Shareholders’ Net Income (Loss)	—			—		25		—			25
Goodyear Net Income (Loss)	394			17		157		(174		)	394
Less: Preferred Stock Dividends	22			—		—		—			22
Goodyear Net Income (Loss) available to Common Shareholders	$	372		$	17	$	157	$	(174	)	$	372
Comprehensive Income (Loss)	$	591		$	39	$	111	$	(122	)	$	619
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—		23		5			28
Goodyear Comprehensive Income (Loss)	$	591		$	39	$	88	$	(127	)	$	591

	Consolidating Statements of Operations
	Nine Months Ended September 30, 2012
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net Sales	$	6,765		$	2,272		$	10,441	$	(3,531	)	$	15,947
Cost of Goods Sold	5,977			2,043			8,730		(3,687		)	13,063
Selling, Administrative and General Expense	648			139			1,229		(5		)	2,011
Rationalizations	23			6			38		—			67
Interest Expense	193			19			105		(47		)	270
Other (Income) Expense	(81		)	(20		)	15		214			128
Income (Loss) before Income Taxes and Equity in Earnings of Subsidiaries	5			85			324		(6		)	408
United States and Foreign Taxes	16			24			122		2			164
Equity in Earnings of Subsidiaries	216			1			—		(217		)	—
Net Income (Loss)	205			62			202		(225		)	244
Less: Minority Shareholders’ Net Income (Loss)	—			—			39		—			39
Goodyear Net Income (Loss)	205			62			163		(225		)	205
Less: Preferred Stock Dividends	22			—			—		—			22
Goodyear Net Income (Loss) available to Common Shareholders	$	183		$	62		$	163	$	(225	)	$	183
Comprehensive Income (Loss)	$	488		$	107		$	260	$	(315	)	$	540
Less: Comprehensive Income (Loss) Attributable to Minority Shareholders	—			—			53		(1		)	52
Goodyear Comprehensive Income (Loss)	$	488		$	107		$	207	$	(314	)	$	488

Consolidating Statement of Cash Flows

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2013
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	(362	)	$	(34	)	$	135		$	(37	)	$	(298	)
Cash Flows from Investing Activities:
Capital Expenditures	(132		)	(12		)	(600		)	10			(734		)
Asset Dispositions	2			—			6			—			8
Government Grants Received	—			—			6			—			6
Decrease in Restricted Cash	—			—			3			—			3
Short Term Securities Acquired	—			—			(89		)	—			(89		)
Short Term Securities Redeemed	—			—			81			—			81
Capital Contributions and Loans Incurred	(61		)	—			(170		)	231			—
Capital Redemptions and Loans Paid	214			—			364			(578		)	—
Total Cash Flows from Investing Activities	23			(12		)	(399		)	(337		)	(725		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	—			(11		)	94			(53		)	30
Short Term Debt and Overdrafts Paid	(53		)	—			(89		)	53			(89		)
Long Term Debt Incurred	900			—			1,252			—			2,152
Long Term Debt Paid	(8		)	—			(652		)	—			(660		)
Common Stock Issued	15			—			—			—			15
Preferred Stock Dividends Paid	(22		)	—			—			—			(22		)
Capital Contributions and Loans Incurred	170			58			3			(231		)	—
Capital Redemptions and Loans Paid	(364		)	—			(214		)	578			—
Intercompany Dividends Paid	—			—			(27		)	27			—
Transactions with Minority Interests in Subsidiaries	—			—			(10		)	—			(10		)
Debt Related Costs and Other Transactions	(16		)	—			—			—			(16		)
Total Cash Flows from Financing Activities	622			47			357			374			1,400
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			(2		)	(156		)	—			(158		)
Net Change in Cash and Cash Equivalents	283			(1		)	(63		)	—			219
Cash and Cash Equivalents at Beginning of the Period	802			68			1,411			—			2,281
Cash and Cash Equivalents at End of the Period	$	1,085		$	67		$	1,348		$	—		$	2,500

	Condensed Consolidating Statement of Cash Flows
	Nine Months Ended September 30, 2012
(In millions)	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Cash Flows from Operating Activities:
Total Cash Flows from Operating Activities	$	94		$	—		$	(352	)	$	(71	)	$	(329	)
Cash Flows from Investing Activities:
Capital Expenditures	(165		)	(10		)	(618		)	5			(788		)
Asset Dispositions	5			—			9			—			14
Government Grants Received	—			—			2			—			2
Increase in Restricted Cash	(1		)	—			(16		)	—			(17		)
Short Term Securities Acquired	—			—			(25		)	—			(25		)
Short Term Securities Redeemed	—			—			10			—			10
Capital Contributions and Loans Incurred	(80		)	—			(150		)	230			—
Capital Redemptions and Loans Paid	81			—			—			(81		)	—
Other Transactions	4			—			—			—			4
Total Cash Flows from Investing Activities	(156		)	(10		)	(788		)	154			(800		)
Cash Flows from Financing Activities:
Short Term Debt and Overdrafts Incurred	—			—			74			—			74
Short Term Debt and Overdrafts Paid	—			—			(89		)	—			(89		)
Long Term Debt Incurred	800			—			2,242			—			3,042
Long Term Debt Paid	(759		)	—			(1,563		)	—			(2,322		)
Common Stock Issued	1			—			—			—			1
Preferred Stock Dividends Paid	(22		)	—			—			—			(22		)
Capital Contributions and Loans Incurred	150			—			80			(230		)	—
Capital Redemptions and Loans Paid	—			—			(81		)	81			—
Intercompany Dividends Paid	—			—			(66		)	66			—
Transactions with Minority Interests in Subsidiaries	(17		)	—			(6		)	—			(23		)
Debt Related Costs and Other Transactions	(63		)	—			—			—			(63		)
Total Cash Flows from Financing Activities	90			—			591			(83		)	598
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			3			13			—			16
Net Change in Cash and Cash Equivalents	28			(7		)	(536		)	—			(515		)
Cash and Cash Equivalents at Beginning of the Period	916			112			1,744			—			2,772
Cash and Cash Equivalents at End of the Period	$	944		$	105		$	1,208		$	—		$	2,257