Business Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Business Segment Reporting Information

The following tables present segment sales, significant segment expenses and operating income, and the reconciliation of segment operating income to Income (Loss) before Income Taxes:


		Three Months Ended
		March 31, 2025
(In millions)		Americas				Europe, Middle East and Africa				Asia Pacific				Total
Net Sales		$	2,502			$	1,277			$	474			$	4,253
Less:
Cost of Goods Sold			2,023				1,082				368				3,473
Selling, Administrative and General Expense			331				203				62				596
Other (income)(1)			(7	)			(3	)			(1	)			(11	)
Segment Operating Income (Loss)		$	155			$	(5	)		$	45			$	195
Less:
Rationalizations (Note 4)															81
Interest expense															115
Other (income) expense (Note 5)															25
Net (gains) losses on asset sales															(262	)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)															46
Corporate incentive compensation plans															16
Retained expenses of divested operations															5
Other(2)															38
Income (Loss) before Income Taxes														$	131

(1)

Primarily represents royalty income attributable to the SBUs, including royalty income earned from the OTR sale.

(2)

Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs.


		Three Months Ended
		March 31, 2024
(In millions)		Americas				Europe, Middle East and Africa				Asia Pacific				Total
Net Sales		$	2,588			$	1,347			$	602			$	4,537
Less:
Cost of Goods Sold			2,076				1,135				463				3,674
Selling, Administrative and General Expense			337				205				79				621
Other (income)(1)			(4	)			(1	)			—				(5	)
Segment Operating Income		$	179			$	8			$	60			$	247
Less:
Rationalizations (Note 4)															22
Interest expense															126
Other (income) expense (Note 5)															28
Net (gains) losses on asset sales															2
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)															51
Corporate incentive compensation plans															20
Retained expenses of divested operations															5
Other(2)															45
Income (Loss) before Income Taxes														$	(52	)

(1)

Primarily represents royalty income attributable to the SBUs.

Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs. Other also includes $28 million of costs related to the Goodyear Forward plan, primarily related to third-party advisory, legal and consulting fees and costs associated with planned asset sales.

The following table presents segment assets:


		March 31,				December 31,
(In millions)		2025				2024
Assets
Americas		$	11,724			$	11,406
Europe, Middle East and Africa			5,040				4,557
Asia Pacific			2,349				2,610
Total Segment Assets			19,113				18,573
Corporate(1)			2,598				2,391
		$	21,711			$	20,964

(1)

Corporate includes substantially all of our U.S. net deferred tax assets.

Geographic Information

The following table presents geographic information. Net sales by country were determined based on the location of the selling subsidiary. Long-lived assets consist of property, plant and equipment. Management did not consider the net sales of any individual country outside the United States to be significant to the consolidated financial statements. For long-lived assets, only the United States and China were considered to be significant.


		Three Months Ended
		March 31,
(In millions)		2025				2024
Net Sales
United States		$	2,052			$	2,091
International			2,201				2,446
		$	4,253			$	4,537


		March 31,				December 31,
(In millions)		2025				2024
Long-Lived Assets
United States		$	3,839			$	3,688
China			664				676
Other international			3,626				3,718
		$	8,129			$	8,082

Rationalizations, Asset sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs

ationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs; net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 2, Divestitures; and asset write-offs, accelerated depreciation and accelerated leases costs were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:


		Three Months Ended
		March 31,
(In millions)		2025				2024
Rationalizations
Americas		$	62			$	5
Europe, Middle East and Africa			12				6
Asia Pacific			1				11
Total Segment Rationalizations		$	75			$	22
Corporate			6				—
		$	81			$	22


		Three Months Ended
		March 31,
(In millions)		2025				2024
Net (Gains) Losses on Asset Sales
Americas		$	(1	)		$	—
Europe, Middle East and Africa			(1	)			2
Total Segment (Gains) Losses on Asset Sales		$	(2	)		$	2
Corporate			(260	)			—
		$	(262	)		$	2


		Three Months Ended
		March 31,
(In millions)		2025				2024
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
Americas		$	28			$	8
Europe, Middle East and Africa			16				16
Asia Pacific			2				7
Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net		$	46			$	31
Corporate			—				20
		$	46			$	51

Segment Capital Expenditures, Depreciation and Amortization

The following tables present segment capital expenditures and depreciation and amortization:


		Three Months Ended
		March 31,
(In millions)		2025				2024
Capital Expenditures
Americas		$	176			$	208
Europe, Middle East and Africa			59				71
Asia Pacific			21				32
Total Segment Capital Expenditures		$	256			$	311
Corporate			3				7
		$	259			$	318


		Three Months Ended
		March 31,
(In millions)		2025				2024
Depreciation and Amortization
Americas		$	163			$	163
Europe, Middle East and Africa			67				71
Asia Pacific			31				40
Total Segment Depreciation and Amortization		$	261			$	274
Corporate			9				10
		$	270			$	284

Segment Equity In Net Income (Loss) of Investees Accounted For By the Equity Method

The following table presents segment equity in the net (income) loss of investees accounted for by the equity method:


		Three Months Ended
		March 31,
(In millions)		2025				2024
Equity in (Income) Loss
Americas		$	18			$	10
Asia Pacific			(3	)			(2	)
Total Segment Equity in (Income) Loss		$	15			$	8