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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Common Share

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

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except per share amounts)

 

2020

 

 

2019

 

 

2018

 

Earnings (loss) per share — basic:

 

 

 

 

 

 

 

 

 

 

 

 

Goodyear net income (loss)

 

$

(1,254

)

 

$

(311

)

 

$

693

 

Weighted average shares outstanding

 

 

234

 

 

 

233

 

 

 

237

 

Earnings (loss) per common share — basic

 

$

(5.35

)

 

$

(1.33

)

 

$

2.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Goodyear net income (loss)

 

$

(1,254

)

 

$

(311

)

 

$

693

 

Weighted average shares outstanding

 

 

234

 

 

 

233

 

 

 

237

 

Dilutive effect of stock options and other dilutive securities

 

 

—

 

 

 

—

 

 

 

2

 

Weighted average shares outstanding — diluted

 

 

234

 

 

 

233

 

 

 

239

 

Earnings (loss) per common share — diluted

 

$

(5.35

)

 

$

(1.33

)

 

$

2.89