v3.26.3
Business Segments
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTS
Segment information reflects our strategic business units (“SBUs”), which are organized to meet customer requirements and global competition. For the three and nine months ended September 30, 2026, we operated our business through operating segments representing our regional tire businesses: Americas; EMEA; and Asia Pacific. Segment information is reported on the basis used for reporting to our Chief Executive Officer. Each of the SBUs is involved in the development, manufacture, distribution and sale of tires. Certain of the SBUs also provide related products and services, which include retreads and automotive and commercial truck maintenance and repair services.
Results of operations are measured based on net sales to unaffiliated customers and segment operating income. Each segment exports tires to other segments. The financial results of each segment exclude sales of tires exported to other segments, but include operating income derived from such transactions. Segment operating income is computed as follows: Net sales less Cost of Goods Sold ("CGS") (excluding asset write-offs and accelerated depreciation charges) and SAG (including certain allocated corporate administrative expenses). Segment operating income also includes certain royalties and equity in earnings of most affiliates. Segment operating income does not include net rationalization charges, asset sales, goodwill and other asset impairment charges, and certain other items.
The chief operating decision maker ("CODM") is the Chief Executive Officer. The CODM uses segment operating income to allocate resources (including employees, property, and financial or capital resources) for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a monthly basis for the profit measure when making decisions about allocating capital and personnel to the segments. The CODM also uses segment operating income for evaluating product pricing and to assess the performance for each segment by comparing the results and return on assets of each segment with one another.
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 September 30, 2026
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$2,675 $1,355 $510 $4,540 
Less:
Cost of Goods Sold2,228 1,143 379 3,750 
Selling, Administrative and General Expense359 208 66 633 
Other (income) expense(1)
(8)(8)(1)(17)
Segment Operating Income (Loss)$96 $12 $66 $174 
Less:
Rationalizations (Note 3)
148 
Interest expense
111 
Other (income) expense (Note 4)
19 
Net (gains) losses on asset sales(9)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 3)
71 
Corporate incentive compensation plans9 
Retained expenses of divested operations4 
Other(2)
32 
Income (Loss) before Income Taxes
$(211)
(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 September 30, 2025
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$2,737 $1,407 $501 $4,645 
Less:
Cost of Goods Sold2,187 1,176 384 3,747 
Selling, Administrative and General Expense350 209 67 626 
Other (income) expense(1)
(6)(8)(1)(15)
Segment Operating Income (Loss)$206 $30 $51 $287 
Less:
Goodwill Impairment
674 
Rationalizations (Note 3)
21 
Interest expense
114 
Other (income) expense (Note 4)
91 
Net (gains) losses on asset sales1 
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 3)
55 
Corporate incentive compensation plans8 
Retained expenses of divested operations5 
Other(2)
51 
Income (Loss) before Income Taxes$(733)
(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.
Nine Months Ended September 30, 2026
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$7,120 $4,090 $1,461 $12,671 
Less:
Cost of Goods Sold5,955 3,449 1,086 10,490 
Selling, Administrative and General Expense1,069 668 194 1,931 
Other (income) expense(1)
(27)(23)(5)(55)
Segment Operating Income (Loss)
$123 $(4)$186 $305 
Less:
Rationalizations (Note 3)
281 
Interest expense
311 
Other (income) expense (Note 4)
50 
Net (gains) losses on asset sales(29)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 3)
87 
Corporate incentive compensation plans40 
Retained expenses of divested operations10 
Other(2)
107 
Income (Loss) before Income Taxes$(552)
(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.
Nine Months Ended September 30, 2025
(In millions)AmericasEurope, Middle East and AfricaAsia PacificTotal
Net Sales$7,901 $4,028 $1,434 $13,363 
Less:
Cost of Goods Sold6,376 3,411 1,102 10,889 
Selling, Administrative and General Expense1,043 633 198 1,874 
Other (income) expense(1)
(20)(16)(5)(41)
Segment Operating Income (Loss)$502 $— $139 $641 
Less:
Goodwill Impairment
674 
Rationalizations (Note 3)
161 
Interest expense
341 
Other (income) expense (Note 4)
147 
Net (gains) losses on asset sales(700)
Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 3)
142 
Corporate incentive compensation plans44 
Retained expenses of divested operations8 
Other(2)
121 
Income (Loss) before Income Taxes$(297)
(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.
The following table presents segment assets:
(In millions)September 30,
2026		December 31,
2025
Assets
Americas$10,327 $10,275 
Europe, Middle East and Africa5,096 4,878 
Asia Pacific2,199 2,166 
Total Segment Assets$17,622 $17,319 
Corporate878 889 
$18,500 $18,208 
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
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Net Sales
United States$2,252 $2,262 $5,876 $6,548 
Luxembourg416 350 1,342 $1,045 
Other international1,872 2,033 5,453 5,770 
$4,540 $4,645 $12,671 $13,363 
(In millions)September 30,
2026		December 31,
2025
Long-Lived Assets
United States$3,198 $3,435 
China624 645 
Other international3,630 3,763 
$7,452 $7,843 
Goodwill impairment, as described in Note to the Consolidated Financial Statements No. 1, Accounting Policies; rationalizations, as described in Note to the Consolidated Financial Statements No. 3, Costs Associated with Rationalization Programs; net (gains) losses on asset sales, and asset write-offs, accelerated depreciation and accelerated lease costs were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Goodwill Impairment
Americas$— $674 $— $674 
Total Segment Goodwill Impairment$— $674 $— $674 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Rationalizations
Americas$124 $4 $138 $76 
Europe, Middle East and Africa18 16 126 71 
Asia Pacific2 — 5 1 
Total Segment Rationalizations$144 $20 $269 $148 
Corporate4 1 12 13 
$148 $21 $281 $161 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Net (Gains) Losses on Asset Sales
Americas$(1)$(3)$(15)$(4)
Europe, Middle East and Africa(12)— (15)— 
Asia Pacific— — — (55)
Total Segment (Gains) Losses on Asset Sales$(13)$(3)$(30)$(59)
Corporate4 4 1 (641)
$(9)$1 $(29)$(700)
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
Americas$69 $20 $76 $62 
Europe, Middle East and Africa2 33 10 75 
Asia Pacific— 2 1 5 
Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net$71 $55 $87 $142 
The following tables present segment capital expenditures and depreciation and amortization:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Capital Expenditures
Americas$99 $117 $322 $444 
Europe, Middle East and Africa29 30 110 122 
Asia Pacific11 24 37 68 
Total Segment Capital Expenditures$139 $171 $469 $634 
Corporate— 12 12 15 
$139 $183 $481 $649 
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Depreciation and Amortization(1)
Americas$166 $152 $441 $468 
Europe, Middle East and Africa53 78 174 227 
Asia Pacific28 30 86 90 
Total Segment Depreciation and Amortization$247 $260 $701 $785 
Corporate10 9 30 28 
$257 $269 $731 $813 
(1)The amounts presented do not include the allocation of asset write-offs, accelerated depreciation and accelerated lease costs, net, to Corporate.
The following table presents segment equity in the net (income) loss of investees accounted for by the equity method:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2026202520262025
Equity in (Income) Loss
Americas$8 $2 $37 $28 
Europe, Middle East and Africa— — — (1)
Asia Pacific(2)(4)(7)(11)
Total Segment Equity in (Income) Loss
$6 $(2)$30 $16