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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 1,539 $ 908
Accounts Receivable, net 1,691 1,941
Inventories 2,153 2,851
Prepaid Expenses and Other Current Assets 237 234
Total Current Assets 5,620 5,934
Goodwill (Note 11) 408 565
Intangible Assets (Note 11) 135 137
Deferred Income Taxes 1,467 1,527
Other Assets (Note 12) 952 959
Operating Lease Right-of-Use Assets 851 855
Property, Plant and Equipment 7,073 7,208
Total Assets 16,506 17,185
Current Liabilities:    
Accounts Payable — Trade 2,945 2,908
Compensation and Benefits 540 536
Other Current Liabilities 865 734
Notes Payable and Overdrafts 406 348
Operating Lease Liabilities due Within One Year 198 199
Long Term Debt and Finance Leases due Within One Year 152 562
Total Current Liabilities 5,106 5,287
Operating Lease Liabilities 684 668
Long Term Debt and Finance Leases 5,432 4,753
Compensation and Benefits 1,470 1,334
Deferred Income Taxes 84 90
Other Long Term Liabilities 471 508
Total Liabilities 13,247 12,640
Commitments and Contingent Liabilities 0 0
Common Stock, no par value:    
Authorized, 450 million shares, Outstanding shares — 233 million (233 million in 2019) 233 233
Capital Surplus 2,171 2,141
Retained Earnings 4,809 6,113
Accumulated Other Comprehensive Loss (4,135) (4,136)
Goodyear Shareholders’ Equity 3,078 4,351
Minority Shareholders’ Equity — Nonredeemable 181 194
Total Shareholders’ Equity 3,259 4,545
Total Liabilities and Shareholders’ Equity $ 16,506 $ 17,185