Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Basic and Diluted Earnings per common share

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions, except per share amounts)	2014		2013		2014		2013
Earnings per share — basic:
Goodyear net income	$	213	$	188	$	162	$	221
Less: Preferred stock dividends	—		7		7		15
Goodyear net income available to common shareholders	$	213	$	181	$	155	$	206
Weighted average shares outstanding	276		246		262		246
Earnings per common share — basic	$	0.77	$	0.74	$	0.59	$	0.84
Earnings per share — diluted:
Goodyear net income	$	213	$	188	$	162	$	221
Less: Preferred stock dividends	—		—		—		—
Goodyear net income available to common shareholders	$	213	$	188	$	162	$	221
Weighted average shares outstanding	276		246		262		246
Dilutive effect of mandatory convertible preferred stock	—		33		14		33
Dilutive effect of stock options and other dilutive securities	5		3		5		2
Weighted average shares outstanding — diluted	281		282		281		281
Earnings per common share — diluted	$	0.76	$	0.67	$	0.58	$	0.79