NOTE 15. ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present changes in AOCL, by component, for the three months ended March 31, 2025 and 2024, after tax and minority interest.
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(In millions) Income (Loss) |
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Foreign Currency Translation Adjustment |
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Unrealized Gains (Losses) from Securities |
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Unrecognized Net Actuarial Losses and Prior Service Costs |
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Deferred Derivative Gains (Losses) |
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Total |
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Balance at December 31, 2024 |
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$ |
(1,705 |
) |
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$ |
1 |
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$ |
(2,140 |
) |
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$ |
— |
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$ |
(3,844 |
) |
Other comprehensive income (loss) before reclassifications |
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16 |
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— |
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10 |
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— |
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26 |
|
Amounts reclassified from accumulated other comprehensive loss |
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10 |
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— |
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21 |
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— |
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31 |
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Balance at March 31, 2025 |
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$ |
(1,679 |
) |
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$ |
1 |
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$ |
(2,109 |
) |
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$ |
— |
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$ |
(3,787 |
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(In millions) Income (Loss) |
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Foreign Currency Translation Adjustment |
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Unrealized Gains (Losses) from Securities |
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Unrecognized Net Actuarial Losses and Prior Service Costs |
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Deferred Derivative Gains (Losses) |
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Total |
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Balance at December 31, 2023 |
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$ |
(1,613 |
) |
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$ |
1 |
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$ |
(2,224 |
) |
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$ |
1 |
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$ |
(3,835 |
) |
Other comprehensive income (loss) before reclassifications |
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(6 |
) |
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— |
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4 |
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— |
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(2 |
) |
Amounts reclassified from accumulated other comprehensive loss |
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— |
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— |
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17 |
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1 |
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18 |
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Balance at March 31, 2024 |
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$ |
(1,619 |
) |
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$ |
1 |
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$ |
(2,203 |
) |
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$ |
2 |
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$ |
(3,819 |
) |
The following table presents reclassifications out of AOCL:
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Three Months Ended March 31, |
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2025 |
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2024 |
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(In millions) (Income) Expense |
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Amount Reclassified |
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Affected Line Item in the Consolidated |
Component of AOCL |
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from AOCL |
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Statements of Operations |
Foreign currency translation adjustment, before tax |
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$ |
10 |
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$ |
— |
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Net (Gain) Loss on Asset Sales |
Tax effect |
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— |
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— |
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United States and Foreign Taxes |
Net of tax |
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$ |
10 |
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$ |
— |
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Goodyear Net Income (Loss) |
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Amortization of prior service cost and unrecognized gains and losses |
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$ |
25 |
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$ |
28 |
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Other (Income) Expense |
Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures |
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2 |
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(5 |
) |
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Other (Income) Expense / Rationalizations / Net (Gain) Loss on Asset Sales |
Unrecognized net actuarial losses and prior service costs, before tax |
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27 |
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23 |
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Tax effect |
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(6 |
) |
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(6 |
) |
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United States and Foreign Taxes |
Net of tax |
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$ |
21 |
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$ |
17 |
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Goodyear Net Income (Loss) |
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Deferred derivative (gains) losses, before tax |
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$ |
— |
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$ |
1 |
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Cost of Goods Sold |
Tax effect |
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— |
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— |
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United States and Foreign Taxes |
Net of tax |
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$ |
— |
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$ |
1 |
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Goodyear Net Income (Loss) |
Total reclassifications |
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$ |
31 |
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$ |
18 |
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Goodyear Net Income (Loss) |
The following table presents the details of comprehensive income (loss) attributable to minority shareholders:
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