Reclassifications out of Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present changes in AOCL, by component, for the nine months ended September 30, 2019 and 2018:

(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2018	$	(1,160	)	$	(2,923	)	$	7		$	(4,076	)
Other comprehensive income (loss) before reclassifications, net of tax	(82		)	1			14			(67		)
Amounts reclassified from accumulated other comprehensive loss, net of tax	—			78			(8		)	70
Balance at September 30, 2019	$	(1,242	)	$	(2,844	)	$	13		$	(4,073	)
(In millions) Income (Loss)	Foreign Currency Translation Adjustment			Unrecognized Net Actuarial Losses and Prior Service Costs			Deferred Derivative Gains (Losses)			Total
Balance at December 31, 2017	$	(915	)	$	(3,052	)	$	(9	)	$	(3,976	)
Other comprehensive income (loss) before reclassifications, net of tax	(210		)	(1		)	6			(205		)
Amounts reclassified from accumulated other comprehensive loss, net of tax	—			92			6			98
Balance at September 30, 2018	$	(1,125	)	$	(2,961	)	$	3		$	(4,083	)

The following table presents reclassifications out of AOCL:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
(In millions) (Income) Expense	Amount Reclassified						Amount Reclassified						Affected Line Item in the Consolidated Statements of Operations
Component of AOCL	from AOCL						from AOCL
Amortization of prior service cost and unrecognized gains and losses	$	34		$	34		$	102		$	103		Other (Income) Expense
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements, and divestitures	—			11			—			17			Other (Income) Expense
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	34			45			102			120
Tax effect	(8		)	(10		)	(24		)	(28		)	United States and Foreign Taxes
Net of tax	$	26		$	35		$	78		$	92		Goodyear Net Income
Deferred Derivative (Gains) Losses, before tax	$	(3	)	$	1		$	(9	)	$	8		Cost of Goods Sold
Tax effect	—			—			1			(2		)	United States and Foreign Taxes
Net of tax	$	(3	)	$	1		$	(8	)	$	6		Goodyear Net Income
Total reclassifications	$	23		$	36		$	70		$	98		Goodyear Net Income