v3.26.1
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Business Segment Reporting Information
The following tables present segment sales, significant segment expenses and segment operating income (loss), and the reconciliation of segment operating income (loss) to Income (Loss) before Income Taxes:
Three Months Ended June 30, 2026
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$2,382 $1,372 $496 $4,250 
Less:
Cost of Goods Sold2,035 1,157 369 3,561 
Selling, Administrative and General Expense367 239 66 672 
Other (income) expense(1)
(10)(7)(2)(19)
Segment Operating Income (Loss)
$(10)$(17)$63 $36 
Less:
Rationalizations (Note 3)
29 
Interest expense
105 
Other (income) expense (Note 4)
22 
Net (gains) losses on asset sales(17)
Corporate incentive compensation plans8 
Retained expenses of divested operations3 
Other(2)
47 
Income (Loss) before Income Taxes
$(161)
(1)Primarily represents OTR license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business, the Dunlop brand and the chemical business.
(2)Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the SBUs.
Three Months Ended June 30, 2025
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$2,662 $1,344 $459 $4,465 
Less:
Cost of Goods Sold2,166 1,153 350 3,669 
Selling, Administrative and General Expense362 221 69 652 
Other (income) expense(1)
(7)(5)(3)(15)
Segment Operating Income (Loss)
$141 $(25)$43 $159 
Less:
Rationalizations (Note 3)
59 
Interest expense
112 
Other (income) expense (Note 4)
31 
Net (gains) losses on asset sales(439)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 3)
41 
Corporate incentive compensation plans20 
Retained expenses of divested operations1 
Other(2)
29 
Income (Loss) before Income Taxes$305 
(1)Primarily represents OTR transition license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand.
(2)Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the SBUs.
Six Months Ended June 30, 2026
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$4,445 $2,735 $951 $8,131 
Less:
Cost of Goods Sold3,727 2,306 707 6,740 
Selling, Administrative and General Expense710 460 128 1,298 
Other (income) expense(1)
(19)(15)(4)(38)
Segment Operating Income (Loss)
$27 $(16)$120 $131 
Less:
Rationalizations (Note 3)
133 
Interest expense
200 
Other (income) expense (Note 4)
31 
Net (gains) losses on asset sales(20)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 3)
16 
Corporate incentive compensation plans31 
Retained expenses of divested operations6 
Other(2)
75 
Income (Loss) before Income Taxes$(341)
(1)Primarily represents OTR license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business, the Dunlop brand and the chemical business.
(2)Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the SBUs.
Six Months Ended June 30, 2025
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$5,164 $2,621 $933 $8,718 
Less:
Cost of Goods Sold4,189 2,235 718 7,142 
Selling, Administrative and General Expense693 424 131 1,248 
Other (income) expense(1)
(14)(8)(4)(26)
Segment Operating Income (Loss)
$296 $(30)$88 $354 
Less:
Rationalizations (Note 3)
140 
Interest expense
227 
Other (income) expense (Note 4)
56 
Net (gains) losses on asset sales(701)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 3)
87 
Corporate incentive compensation plans36 
Retained expenses of divested operations3 
Other(2)
70 
Income (Loss) before Income Taxes$436 
(1)Primarily represents OTR license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand.
(2)Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs.
Schedule of Segment Assets
The following table presents segment assets:
(In millions)June 30,
2026		December 31,
2025
Assets
Americas$10,586 $10,275 
Europe, Middle East and Africa4,899 4,878 
Asia Pacific2,182 2,166 
Total Segment Assets$17,667 $17,319 
Corporate983 889 
$18,650 $18,208 
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset
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. For net sales, only the United States and Luxembourg were considered to be significant. For long-lived assets, only the United States and China were considered to be significant.
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Net Sales
United States$1,973 $2,234 $3,624 $4,286 
Luxembourg472 384 926 $695 
Other international1,805 1,847 3,581 3,737 
$4,250 $4,465 $8,131 $8,718 
(In millions)June 30,
2026		December 31,
2025
Long-Lived Assets
United States$3,304 $3,435 
China629 645 
Other international3,665 3,763 
$7,598 $7,843 
Schedule of Goodwill And Intangible Asset Impairment, Rationalizations, Asset Sales, Asset Write-Offs and Accelerated Depreciation and Accelerated Lease Costs, Net Attributable to Segments
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Rationalizations
Americas$3 $10 $14 $72 
Europe, Middle East and Africa23 43 108 55 
Asia Pacific2 — 3 1 
Total Segment Rationalizations$28 $53 $125 $128 
Corporate1 6 8 12 
$29 $59 $133 $140 
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Net (Gains) Losses on Asset Sales
Americas$(14)$— $(14)$(1)
Europe, Middle East and Africa(2)1 (3)— 
Asia Pacific— (55)— (55)
Total Segment (Gains) Losses on Asset Sales$(16)$(54)$(17)$(56)
Corporate(1)(385)(3)(645)
$(17)$(439)$(20)$(701)
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
Americas$— $14 $7 $42 
Europe, Middle East and Africa— 26 8 42 
Asia Pacific— 1 1 3 
Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net$— $41 $16 $87 
Schedule of Segment Capital Expenditures Depreciation And Amortization
The following tables present segment capital expenditures and depreciation and amortization:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Capital Expenditures
Americas$120 $151 $223 $327 
Europe, Middle East and Africa37 33 79 92 
Asia Pacific7 23 26 44 
Total Segment Capital Expenditures$164 $207 $328 $463 
Corporate3 — 14 3 
$167 $207 $342 $466 
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Depreciation and Amortization
Americas$135 $153 $275 $316 
Europe, Middle East and Africa62 82 121 149 
Asia Pacific28 29 58 60 
Total Segment Depreciation and Amortization$225 $264 $454 $525 
Corporate10 10 20 19 
$235 $274 $474 $544 
Schedule of 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
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Equity in (Income) Loss
Americas$13 $8 $29 $26 
Europe, Middle East and Africa— (1)— (1)
Asia Pacific(2)(4)(5)(7)
Total Segment Equity in (Income) Loss
$11 $3 $24 $18