$GT
GOODYEAR TIRE & RUBBER CO /OH/

2022 Q1 Form 10-Q Financial Statement

#000095017022008036 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $4.908B $3.511B
YoY Change 39.79% 14.89%
Cost Of Revenue $3.966B $2.751B
YoY Change 44.17% 7.8%
Gross Profit $942.0M $760.0M
YoY Change 23.95% 50.79%
Gross Profit Margin 19.19% 21.65%
Selling, General & Admin $688.0M $564.0M
YoY Change 21.99% -2.93%
% of Gross Profit 73.04% 74.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $244.0M $197.0M
YoY Change 23.86% 0.51%
% of Gross Profit 25.9% 25.92%
Operating Expenses $688.0M $564.0M
YoY Change 21.99% -2.93%
Operating Profit $254.0M $196.0M
YoY Change 29.59% -354.55%
Interest Expense $104.0M $79.00M
YoY Change 31.65% 8.22%
% of Operating Profit 40.94% 40.31%
Other Income/Expense, Net -$5.000M -$34.00M
YoY Change -85.29% 25.93%
Pretax Income $134.0M $33.00M
YoY Change 306.06% -108.97%
Income Tax $38.00M $15.00M
% Of Pretax Income 28.36% 45.45%
Net Earnings $96.00M $12.00M
YoY Change 700.0% -101.94%
Net Earnings / Revenue 1.96% 0.34%
Basic Earnings Per Share $0.34 $0.05
Diluted Earnings Per Share $0.33 $0.05
COMMON SHARES
Basic Shares Outstanding 284.0M 235.0M
Diluted Shares Outstanding 287.0M 238.0M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.053B $1.223B
YoY Change -13.9% 25.95%
Cash & Equivalents $1.053B $1.223B
Short-Term Investments
Other Short-Term Assets $264.0M $247.0M
YoY Change 6.88% -19.81%
Inventory $4.026B $2.359B
Prepaid Expenses
Receivables $3.220B $2.119B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.563B $5.948B
YoY Change 43.96% -3.64%
LONG-TERM ASSETS
Property, Plant & Equipment $9.279B $7.683B
YoY Change 20.77% -1.65%
Goodwill $1.006B
YoY Change
Intangibles $1.034B
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.159B $2.409B
YoY Change -51.89% 156.0%
Total Long-Term Assets $14.06B $10.62B
YoY Change 32.37% 0.98%
TOTAL ASSETS
Total Short-Term Assets $8.563B $5.948B
Total Long-Term Assets $14.06B $10.62B
Total Assets $22.62B $16.57B
YoY Change 36.53% -0.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.339B $3.037B
YoY Change 42.87% 14.82%
Accrued Expenses $850.0M $737.0M
YoY Change 15.33% 11.5%
Deferred Revenue $21.00M $23.00M
YoY Change -8.7% -4.17%
Short-Term Debt $570.0M $390.0M
YoY Change 46.15% -43.56%
Long-Term Debt Due $350.0M $386.0M
YoY Change -9.33% -37.84%
Total Short-Term Liabilities $6.945B $5.333B
YoY Change 30.23% 1.27%
LONG-TERM LIABILITIES
Long-Term Debt $7.450B $5.326B
YoY Change 39.88% 2.19%
Other Long-Term Liabilities $568.0M $2.538B
YoY Change -77.62% 425.47%
Total Long-Term Liabilities $568.0M $7.864B
YoY Change -92.78% 1528.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.945B $5.333B
Total Long-Term Liabilities $568.0M $7.864B
Total Liabilities $17.30B $13.46B
YoY Change 28.5% 3.61%
SHAREHOLDERS EQUITY
Retained Earnings $5.669B
YoY Change
Common Stock $3.109B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $41.86M $43.48M
Shareholders Equity $5.145B $3.106B
YoY Change
Total Liabilities & Shareholders Equity $22.62B $16.57B
YoY Change 36.53% -0.73%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $96.00M $12.00M
YoY Change 700.0% -101.94%
Depreciation, Depletion And Amortization $244.0M $197.0M
YoY Change 23.86% 0.51%
Cash From Operating Activities -$711.0M -$282.0M
YoY Change 152.13% -49.73%
INVESTING ACTIVITIES
Capital Expenditures $276.0M $185.0M
YoY Change 49.19% -12.32%
Acquisitions
YoY Change
Other Investing Activities $5.000M -$3.000M
YoY Change -266.67% -133.33%
Cash From Investing Activities -$300.0M -$180.0M
YoY Change 66.67% -29.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$5.000M $9.000M
YoY Change -155.56%
Debt Paid & Issued, Net $2.114B $514.0M
YoY Change 311.28% -67.88%
Cash From Financing Activities 982.0M 144.0M
YoY Change 581.94% -84.66%
NET CHANGE
Cash From Operating Activities -711.0M -282.0M
Cash From Investing Activities -300.0M -180.0M
Cash From Financing Activities 982.0M 144.0M
Net Change In Cash -27.00M -352.0M
YoY Change -92.33% -667.74%
FREE CASH FLOW
Cash From Operating Activities -$711.0M -$282.0M
Capital Expenditures $276.0M $185.0M
Free Cash Flow -$987.0M -$467.0M
YoY Change 111.35% -39.51%

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CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Treasury Stock Shares
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Treasury Stock Shares
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Depreciation Depletion And Amortization
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CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
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CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2021Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Payments For Restructuring
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CY2021Q1 us-gaap Payments For Restructuring
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CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
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CY2021Q1 us-gaap Gain Loss On Disposition Of Assets1
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CY2022Q1 us-gaap Operating Lease Cost
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CY2021Q1 us-gaap Operating Lease Cost
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CY2022Q1 us-gaap Operating Lease Payments
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CY2021Q1 us-gaap Operating Lease Payments
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CY2022Q1 gt Pension Contributions And Direct Payments
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CY2021Q1 gt Pension Contributions And Direct Payments
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CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2022Q1 us-gaap Increase Decrease In Inventories
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CY2021Q1 us-gaap Increase Decrease In Inventories
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable Trade
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable Trade
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CY2022Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2021Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2021Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022Q1 us-gaap Payments To Acquire Short Term Investments
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CY2021Q1 us-gaap Payments To Acquire Short Term Investments
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CY2021Q1 us-gaap Proceeds From Sale Of Short Term Investments
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CY2021Q1 us-gaap Payments For Proceeds From Loans Receivable
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Proceeds From Short Term Debt
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CY2021Q1 us-gaap Repayments Of Short Term Debt
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CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021Q1 us-gaap Repayments Of Long Term Debt
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CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
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CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1137000000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;text-decoration:underline;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications and Adjustments</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Certain</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> items previously reported in specific financial statement captions have been reclassified to conform to the current presentation. Additionally, in the first quarter of 2021, we recorded out of period adjustments totaling $</span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">20</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> million </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">of expense, primarily related to the valuation of inventory in Americas. The adjustments related to the years, and interim periods therein, of</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">2016 </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">to 2020, with the majority attributable to 2019 and 2020. The adjustments did not have a material effect on any of the periods impacted.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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CY2021Q1 us-gaap Business Acquisitions Pro Forma Revenue
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Restructuring Reserve
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CY2022Q1 gt Restructuring Reserve Settled With Cash And Non Cash Considerations
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CY2022Q1 us-gaap Restructuring Reserve
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CY2021Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Restructuring And Related Cost Cost Incurred To Date1
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CY2022Q1 us-gaap Restructuring And Related Cost Expected Cost Remaining1
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30000000
CY2022Q1 us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
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150
CY2022Q1 gt Defined Benefit Plan Non Service Cost
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CY2021Q1 gt Defined Benefit Plan Non Service Cost
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CY2021Q1 gt Charges Related To Financing Fees And Financial Instruments
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CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2022Q1 gt General And Product Liability Discontinued Products Gains Losses
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CY2021Q1 gt General And Product Liability Discontinued Products Gains Losses
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CY2022Q1 us-gaap Royalty Income Nonoperating
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CY2021Q1 us-gaap Royalty Income Nonoperating
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CY2021Q1 us-gaap Gain Loss On Disposition Of Assets1
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CY2022Q1 us-gaap Interest Income Other
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CY2021Q1 us-gaap Interest Income Other
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CY2022Q1 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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CY2021Q1 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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CY2021Q1 gt Miscellaneous Other Income Expense
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CY2022Q1 us-gaap Other Nonoperating Income Expense
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CY2021Q1 us-gaap Other Nonoperating Income Expense
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CY2021Q1 gt Net Foreign Currency Exchange Gains Losses Include Expense Related To Out Of Period Adjustments
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CY2022Q1 us-gaap Royalty Income Nonoperating
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CY2022Q1 gt Increased Royalty Income Nonoperating
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CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q1 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2022Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022Q1 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q1 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2022Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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235000000
CY2022Q1 us-gaap Earnings Per Share Basic
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0.34
CY2021Q1 us-gaap Earnings Per Share Basic
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0.05
CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Earnings Per Share Diluted
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0.33
CY2021Q1 us-gaap Earnings Per Share Diluted
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0.05
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q1 us-gaap Restructuring Charges
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CY2021Q1 us-gaap Restructuring Charges
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CY2022Q1 us-gaap Debt Instrument Unused Borrowing Capacity Amount
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CY2022Q1 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
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0.25
CY2022Q1 us-gaap Short Term Borrowings
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CY2021Q4 us-gaap Short Term Borrowings
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CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2022Q1 us-gaap Debt Current
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CY2021Q4 us-gaap Debt Current
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CY2022Q1 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
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CY2022Q1 us-gaap Deferred Finance Costs Net
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52000000
CY2021Q4 us-gaap Deferred Finance Costs Net
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55000000
CY2022Q1 us-gaap Long Term Debt
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7557000000
CY2021Q4 us-gaap Long Term Debt
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6736000000
CY2022Q1 us-gaap Finance Lease Liability
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243000000
CY2021Q4 us-gaap Finance Lease Liability
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255000000
CY2022Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7800000000
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
6991000000
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
350000000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
343000000
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7450000000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6648000000
CY2022Q1 gt Non Cash Financing Additions
NonCashFinancingAdditions
3000000
CY2021 gt Non Cash Financing Additions
NonCashFinancingAdditions
14000000
CY2022Q1 us-gaap Notes Payable
NotesPayable
5580000000
CY2021Q4 us-gaap Notes Payable
NotesPayable
5591000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-2000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-2000000
CY2022Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1000000
CY2022Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
9000000
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
10000000
CY2022Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
20000000
CY2021Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
10000000
CY2022Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
29000000
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
20000000
CY2022Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
14000000
CY2021Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
5000000
CY2022Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
14000000
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
5000000
CY2022Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
570000000
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
406000000
CY2022Q1 us-gaap Other Postretirement Benefit Expense
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4000000
CY2021Q1 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
2000000
CY2022Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
35000000
CY2021Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
28000000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5000000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
45000000
CY2022Q1 gt Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod
through the first quarter of 2025
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
80000000
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
80000000
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
20000000
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
21000000
CY2022Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
195000000
CY2021Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
194000000
CY2022Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
39000000
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
38000000
CY2021Q4 gt Off Balance Sheet Financial Guarantees Written And Other Commitments
OffBalanceSheetFinancialGuaranteesWrittenAndOtherCommitments
34000000
CY2022Q1 gt Off Balance Sheet Financial Guarantees Written And Other Commitments
OffBalanceSheetFinancialGuaranteesWrittenAndOtherCommitments
34000000
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000000
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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-8000000
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-7000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-8000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-7000000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-8000000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1000000

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