Reclassifications out of Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Reclassifications out of Accumulated Other Comprehensive Loss

Note 21. Reclassifications out of Accumulated Other Comprehensive Loss

The following table presents changes in AOCL by component for the years ended December 31, 2020, 2019 and 2018, after tax and minority interest:

(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		(245	)		4			9			(232	)
Amounts reclassified from accumulated other comprehensive loss		—			125			7			132
Balance at December 31, 2018	$	(1,160	)	$	(2,923	)	$	7		$	(4,076	)
Other comprehensive income (loss) before reclassifications(1)		4			(168	)		10			(154	)
Amounts reclassified from accumulated other comprehensive loss		—			108			(14	)		94
Balance at December 31, 2019	$	(1,156	)	$	(2,983	)	$	3		$	(4,136	)
Other comprehensive income (loss) before reclassifications(1)		(128	)		(4	)		15			(117	)
Amounts reclassified from accumulated other comprehensive loss		—			131			(13	)		118
Balance at December 31, 2020	$	(1,284	)	$	(2,856	)	$	5		$	(4,135	)

(1) Includes adjustments to AOCL of $27 million and $(32) million in 2020 and 2019, respectively, to adjust the respective prior year obligation of our frozen U.K. pension plan.

The following table presents reclassifications out of AOCL for the years ended December 31, 2020, 2019 and 2018:

	Year Ended December 31,
(In millions) (Income) Expense	2020			2019			2018
Component of AOCL	Amount Reclassified from AOCL									Affected Line Item in the Consolidated Statements of Operations
Amortization of prior service cost and unrecognized gains and losses	$	144		$	137		$	139		Other (Income) Expense
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures		29			6			25		Other (Income) Expense / Rationalizations
Unrecognized Net Actuarial Losses and Prior Service Costs, before tax	$	173		$	143		$	164
Tax effect		(42	)		(35	)		(39	)	United States and Foreign Taxes
Net of tax	$	131		$	108		$	125		Goodyear Net Income (Loss)
Deferred Derivative (Gains) Losses	$	(13	)	$	(14	)	$	7		Cost of Goods Sold
Tax effect		—			—			—		United States and Foreign Taxes
Net of tax	$	(13	)	$	(14	)	$	7		Goodyear Net Income (Loss)
Total reclassifications	$	118		$	94		$	132		Goodyear Net Income (Loss)