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Changes in Shareholders' Equity
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
CHANGES IN SHAREHOLDERS' EQUITY
CHANGES IN SHAREHOLDERS’ EQUITY
The following tables present the changes in shareholders’ equity for the six months ended June 30, 2014 and 2013:
 
June 30, 2014
 
June 30, 2013
(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
$
1,606

 
$
262

 
$
1,868

 
$
370

 
$
255

 
$
625

Comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
Net income
162

 
13

 
175

 
221

 
16

 
237

Foreign currency translation (net of tax of $0 in 2014 and $0 in 2013)
15

 
2

 
17

 
(132
)
 
(15
)
 
(147
)
Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2014 and $0 in 2013)
(2
)
 

 
(2
)
 
1

 

 
1

Amortization of prior service cost and unrecognized gains and losses included in total benefit cost (net of tax of $3 in 2014 and $7 in 2013)
55

 

 
55

 
116

 

 
116

Decrease (increase) in net actuarial losses (net of tax of $3 in 2014 and $2 in 2013)
12

 

 
12

 
122

 

 
122

Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures (net of tax of $0 in 2014 and $0 in 2013)
38

 

 
38

 
1

 

 
1

Deferred derivative gains (losses) (net of tax of $(1) in 2014 and $1 in 2013)
(1
)
 

 
(1
)
 
5

 

 
5

Reclassification adjustment for amounts recognized in income (net of tax of $0 in 2014 and $1 in 2013)

 

 

 
1

 

 
1

Unrealized investment gains (losses) (net of tax of $0 in 2014 and $0 in 2013)
1

 

 
1

 
15

 

 
15

Other comprehensive income (loss)
118

 
2

 
120

 
129

 
(15
)
 
114

Total comprehensive income
280

 
15

 
295

 
350

 
1

 
351

Purchase of subsidiary shares from minority interest
(5
)
 
(18
)
 
(23
)
 
(2
)
 
(2
)
 
(4
)
Dividends declared to minority shareholders

 
(15
)
 
(15
)
 

 
(7
)
 
(7
)
Stock-based compensation plans (Note 10)
11

 

 
11

 
7

 

 
7

Repurchase of common stock (Note 12)
(65
)
 

 
(65
)
 

 

 

Dividends declared (Note 12)
(33
)
 

 
(33
)
 
(15
)
 

 
(15
)
Common stock issued from treasury
31

 

 
31

 
5

 

 
5

Other

 

 

 

 
(4
)
 
(4
)
Balance at end of period
$
1,825

 
$
244

 
$
2,069

 
$
715

 
$
243

 
$
958



The following table presents changes in Minority Equity presented outside of Shareholders’ Equity:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2014
 
2013
 
2014
 
2013
Balance at beginning of period
$
600

 
$
515

 
$
577

 
$
534

Comprehensive income (loss):
 
 
 
 
 
 
 
Net income (loss)
13

 
(5
)
 
19

 
(13
)
Foreign currency translation, net of tax of $0 and $0 in 2014 ($0 and $0 in 2013)
(3
)
 
7

 
(2
)
 
(8
)
Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $0 and $0 in 2014 ($0 and $0 in 2013)
1

 
2

 
2

 
4

Decrease (increase) in net actuarial losses, net of tax of $0 and $0 in 2014 ($0 and $0 in 2013)
1

 
1

 
12

 
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 2014 ($0 and $0 in 2013)

 

 
4

 

Deferred derivative gains (losses), net of tax of $0 and $0 in 2014 ($0 and $0 in 2013)

 

 

 
1

Reclassification adjustment for amounts recognized in income, net of tax of $0 and $0 in 2014 ($0 and $0 in 2013)
1

 

 
1

 

Other comprehensive income (loss)

 
10

 
17

 
(1
)
Total comprehensive income (loss)
13

 
5

 
36

 
(14
)
Balance at end of period
$
613

 
$
520

 
$
613

 
$
520