v3.25.1
Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss by Component, After Tax and Minority Interest

The following tables present changes in AOCL, by component, for the three months ended March 31, 2025 and 2024, after tax and minority interest.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions) Income (Loss)

 

Foreign
Currency
Translation
Adjustment

 

 

Unrealized Gains (Losses) from Securities

 

 

Unrecognized
Net Actuarial
Losses and
Prior Service
Costs

 

 

Deferred
Derivative
Gains (Losses)

 

 

Total

 

Balance at December 31, 2024

 

$

(1,705

)

 

$

1

 

 

$

(2,140

)

 

$

 

 

$

(3,844

)

Other comprehensive income (loss) before reclassifications

 

 

16

 

 

 

 

 

 

10

 

 

 

 

 

 

26

 

Amounts reclassified from accumulated other comprehensive loss

 

 

10

 

 

 

 

 

 

21

 

 

 

 

 

 

31

 

Balance at March 31, 2025

 

$

(1,679

)

 

$

1

 

 

$

(2,109

)

 

$

 

 

$

(3,787

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions) Income (Loss)

 

Foreign
Currency
Translation
Adjustment

 

 

Unrealized Gains (Losses) from Securities

 

 

Unrecognized
Net Actuarial
Losses and
Prior Service
Costs

 

 

Deferred
Derivative
Gains (Losses)

 

 

Total

 

Balance at December 31, 2023

 

$

(1,613

)

 

$

1

 

 

$

(2,224

)

 

$

1

 

 

$

(3,835

)

Other comprehensive income (loss) before
reclassifications

 

 

(6

)

 

 

 

 

 

4

 

 

 

 

 

 

(2

)

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 

 

 

 

17

 

 

 

1

 

 

 

18

 

Balance at March 31, 2024

 

$

(1,619

)

 

$

1

 

 

$

(2,203

)

 

$

2

 

 

$

(3,819

)

Reclassifications out of Accumulated Other Comprehensive Loss

The following table presents reclassifications out of AOCL:

 

 

 

Three Months Ended
March 31,

 

 

 

 

 

2025

 

 

2024

 

 

 

(In millions) (Income) Expense

 

Amount Reclassified

 

 

Affected Line Item in the Consolidated

Component of AOCL

 

from AOCL

 

 

Statements of Operations

Foreign currency translation adjustment, before tax

 

$

10

 

 

$

 

 

Net (Gain) Loss on Asset Sales

Tax effect

 

 

 

 

 

 

 

United States and Foreign Taxes

Net of tax

 

$

10

 

 

$

 

 

Goodyear Net Income (Loss)

 

 

 

 

 

 

 

 

Amortization of prior service cost and
unrecognized gains and losses

 

$

25

 

 

$

28

 

 

Other (Income) Expense

Immediate recognition of prior service cost
and unrecognized gains and losses due to
curtailments, settlements and divestitures

 

 

2

 

 

 

(5

)

 

Other (Income) Expense / Rationalizations / Net (Gain) Loss on Asset Sales

Unrecognized net actuarial losses and
prior service costs, before tax

 

 

27

 

 

 

23

 

 

 

Tax effect

 

 

(6

)

 

 

(6

)

 

United States and Foreign Taxes

Net of tax

 

$

21

 

 

$

17

 

 

Goodyear Net Income (Loss)

 

 

 

 

 

 

 

 

Deferred derivative (gains) losses, before tax

 

$

 

 

$

1

 

 

Cost of Goods Sold

Tax effect

 

 

 

 

 

 

 

United States and Foreign Taxes

Net of tax

 

$

 

 

$

1

 

 

Goodyear Net Income (Loss)

Total reclassifications

 

$

31

 

 

$

18

 

 

Goodyear Net Income (Loss)

 

Comprehensive Income (Loss) Attributable to Minority Shareholders

The following table presents the details of comprehensive income (loss) attributable to minority shareholders:

 

 

Three Months Ended

 

 

 

March 31,

 

(In millions)

 

2025

 

 

2024

 

Net Income (Loss) Attributable to Minority Shareholders

 

$

3

 

 

$

(1

)

Other Comprehensive Income (Loss):

 

 

 

 

 

 

Foreign currency translation

 

 

3

 

 

 

(3

)

Other Comprehensive Income (Loss)

 

$

3

 

 

$

(3

)

Comprehensive Income (Loss) Attributable to Minority Shareholders

 

$

6

 

 

$

(4

)