v3.26.1
Earnings Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are calculated to reflect the potential dilution that could occur if securities or other contracts were exercised or converted into common stock.
Basic and diluted earnings per common share are calculated as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions, except per share amounts)2026202520262025
Earnings (loss) per share — basic:
Goodyear net income (loss)$(204)$254 $(453)$369 
Weighted average shares outstanding289287289287
Earnings (loss) per common share — basic
$(0.71)$0.88 $(1.57)$1.28 
Earnings (loss) per share — diluted:
Goodyear net income (loss)$(204)$254 $(453)$369 
Weighted average shares outstanding289287289287
Dilutive effect of stock options and other dilutive securities33
Weighted average shares outstanding — diluted289290289290
Earnings (loss) per common share — diluted
$(0.71)$0.87 $(1.57)$1.27 
Weighted average shares outstanding — diluted for both the three and six months ended June 30, 2026 excludes approximately 2 million equivalent shares, and, for both the three and six months ended June 30, 2025, excludes approximately 1 million equivalent shares and 3 million equivalent shares, respectively, related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options). Additionally, weighted average shares outstanding — diluted for both the three and six months ended June 30, 2026 excludes the dilutive effect of approximately 1 million equivalent shares, related primarily to options with exercise prices less than the average market price of our common shares (i.e., "in-the-money" options) and unvested restricted stock units, as their inclusion would have been anti-dilutive due to the Goodyear net loss.