$GT
GOODYEAR TIRE & RUBBER CO /OH/

2023 Q4 Form 10-Q Financial Statement

#000095017023059862 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $5.116B $5.142B
YoY Change -4.8% -3.18%
Cost Of Revenue $4.070B $4.171B
YoY Change -9.76% -3.11%
Gross Profit $1.046B $971.0M
YoY Change 21.06% -3.48%
Gross Profit Margin 20.45% 18.88%
Selling, General & Admin $769.0M $673.0M
YoY Change 10.33% -3.3%
% of Gross Profit 73.52% 69.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $250.0M $245.0M
YoY Change 1.63% 3.38%
% of Gross Profit 23.9% 25.23%
Operating Expenses $810.0M $673.0M
YoY Change -1.7% -3.3%
Operating Profit $236.0M $298.0M
YoY Change 490.0% -3.87%
Interest Expense -$149.0M $138.0M
YoY Change 34.23% 17.95%
% of Operating Profit -63.14% 46.31%
Other Income/Expense, Net -$21.00M
YoY Change -50.0%
Pretax Income -$308.0M -$59.00M
YoY Change 231.18% -155.66%
Income Tax -$12.00M $25.00M
% Of Pretax Income
Net Earnings -$291.0M -$89.00M
YoY Change 179.81% -302.27%
Net Earnings / Revenue -5.69% -1.73%
Basic Earnings Per Share -$0.31
Diluted Earnings Per Share -$1.02 -$0.31
COMMON SHARES
Basic Shares Outstanding 283.5M 283.5M
Diluted Shares Outstanding 285.0M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $902.0M $1.002B
YoY Change -26.49% -19.39%
Cash & Equivalents $902.0M $1.002B
Short-Term Investments
Other Short-Term Assets $319.0M $332.0M
YoY Change 24.12% 15.68%
Inventory $3.698B $3.964B
Prepaid Expenses
Receivables $2.731B $3.379B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.650B $8.677B
YoY Change -11.71% -12.8%
LONG-TERM ASSETS
Property, Plant & Equipment $9.477B $9.175B
YoY Change 2.23% 3.49%
Goodwill $781.0M $1.010B
YoY Change -22.98% 1.51%
Intangibles $969.0M $975.0M
YoY Change -3.49% -3.75%
Long-Term Investments
YoY Change
Other Assets $1.075B $1.136B
YoY Change 3.86% 6.57%
Total Long-Term Assets $13.93B $13.82B
YoY Change 1.21% 2.94%
TOTAL ASSETS
Total Short-Term Assets $7.650B $8.677B
Total Long-Term Assets $13.93B $13.82B
Total Assets $21.58B $22.50B
YoY Change -3.78% -3.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.326B $4.110B
YoY Change -9.93% -15.97%
Accrued Expenses $863.0M $831.0M
YoY Change 2.49% -3.93%
Deferred Revenue $18.00M $20.00M
YoY Change -5.26% 0.0%
Short-Term Debt $344.0M $322.0M
YoY Change -12.91% -40.48%
Long-Term Debt Due $449.0M $277.0M
YoY Change 96.93% 4.14%
Total Short-Term Liabilities $7.147B $6.694B
YoY Change 0.1% -10.26%
LONG-TERM LIABILITIES
Long-Term Debt $6.831B $8.067B
YoY Change -6.0% 2.91%
Other Long-Term Liabilities $885.0M $698.0M
YoY Change 46.28% 11.68%
Total Long-Term Liabilities $885.0M $698.0M
YoY Change 46.28% 11.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.147B $6.694B
Total Long-Term Liabilities $885.0M $698.0M
Total Liabilities $16.75B $17.34B
YoY Change -1.3% -4.36%
SHAREHOLDERS EQUITY
Retained Earnings $5.086B $5.377B
YoY Change -11.93% -8.54%
Common Stock $3.133B $3.126B
YoY Change 0.51% 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.668B $4.993B
YoY Change
Total Liabilities & Shareholders Equity $21.58B $22.50B
YoY Change -3.78% -3.76%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$291.0M -$89.00M
YoY Change 179.81% -302.27%
Depreciation, Depletion And Amortization $250.0M $245.0M
YoY Change 1.63% 3.38%
Cash From Operating Activities $1.236B $230.0M
YoY Change 7.67% -344.68%
INVESTING ACTIVITIES
Capital Expenditures $243.0M $271.0M
YoY Change -17.91% -206.69%
Acquisitions
YoY Change
Other Investing Activities $26.00M $98.00M
YoY Change -13.33% 988.89%
Cash From Investing Activities -$217.0M -$173.0M
YoY Change -18.42% -29.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.107B -102.0M
YoY Change 19.68% -127.72%
NET CHANGE
Cash From Operating Activities 1.236B 230.0M
Cash From Investing Activities -217.0M -173.0M
Cash From Financing Activities -1.107B -102.0M
Net Change In Cash -88.00M -45.00M
YoY Change 104.65% -255.17%
FREE CASH FLOW
Cash From Operating Activities $1.236B $230.0M
Capital Expenditures $243.0M $271.0M
Free Cash Flow $993.0M -$41.00M
YoY Change 16.55% -125.63%

Facts In Submission

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<p style="text-indent:0;font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;text-decoration:underline;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications and Adjustments</span></p><p style="text-indent:0;font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;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.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
45000000
us-gaap Restructuring Charges
RestructuringCharges
302000000
us-gaap Restructuring Charges
RestructuringCharges
82000000
CY2023Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
8000000
CY2022Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
6000000
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
21000000
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
6000000
CY2023Q3 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
960000000
CY2023Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
100000000
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
600
us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
2100
CY2023Q3 gt Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
28000000
CY2022Q3 gt Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
23000000
gt Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
121000000
gt Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
65000000
CY2023Q3 gt Charges Related To Financing Fees And Financial Instruments
ChargesRelatedToFinancingFeesAndFinancialInstruments
15000000
CY2022Q3 gt Charges Related To Financing Fees And Financial Instruments
ChargesRelatedToFinancingFeesAndFinancialInstruments
11000000
gt Charges Related To Financing Fees And Financial Instruments
ChargesRelatedToFinancingFeesAndFinancialInstruments
44000000
gt Charges Related To Financing Fees And Financial Instruments
ChargesRelatedToFinancingFeesAndFinancialInstruments
28000000
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3000000
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-8000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-38000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-9000000
CY2023Q3 us-gaap Interest Income Other
InterestIncomeOther
21000000
CY2022Q3 us-gaap Interest Income Other
InterestIncomeOther
11000000
us-gaap Interest Income Other
InterestIncomeOther
55000000
us-gaap Interest Income Other
InterestIncomeOther
22000000
CY2023Q3 gt General And Product Liability Discontinued Products Gains Losses
GeneralAndProductLiabilityDiscontinuedProductsGainsLosses
2000000
CY2022Q3 gt General And Product Liability Discontinued Products Gains Losses
GeneralAndProductLiabilityDiscontinuedProductsGainsLosses
2000000
gt General And Product Liability Discontinued Products Gains Losses
GeneralAndProductLiabilityDiscontinuedProductsGainsLosses
5000000
gt General And Product Liability Discontinued Products Gains Losses
GeneralAndProductLiabilityDiscontinuedProductsGainsLosses
5000000
CY2023Q3 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
5000000
CY2022Q3 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
5000000
us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
23000000
us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
22000000
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
6000000
CY2022Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
68000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
98000000
CY2023Q3 gt Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
11000000
CY2022Q3 gt Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
0
gt Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
20000000
gt Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
17000000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-21000000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-42000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-82000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18000000
CY2023Q3 us-gaap Pension Expense
PensionExpense
4000000
us-gaap Pension Expense
PensionExpense
40000000
CY2022Q3 us-gaap Pension Expense
PensionExpense
10000000
us-gaap Pension Expense
PensionExpense
28000000
us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
59000000
CY2023Q2 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
66000000
us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
Leaseback terms for this location include a 5-year initial term with one 5-year renewal option.
CY2023Q3 gt Sale Of Assets Operating Lease Right Of Use Asset
SaleOfAssetsOperatingLeaseRightOfUseAsset
24000000
us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
95000000
CY2022Q2 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
108000000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-59000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-369000000
CY2023Q3 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
8000000
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
5000000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58000000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
106000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
178000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
492000000
CY2022Q3 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
2000000
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
20000000
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
11000000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
5000000
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
gt New Income Tax Law Under Inflation Reduction Act Description
NewIncomeTaxLawUnderInflationReductionActDescription
For 2023, we do not anticipate that the 15% corporate alternative minimum tax ("CAMT") under the Inflation Reduction Act of 2022 will apply to us due to the significant pandemic-driven losses we incurred in 2020. As allowed, we elected to not consider the estimated impact of potential future CAMT obligations for purposes of assessing valuation allowances on our deferred tax assets.
gt Corporate Alternative Minimum Tax
CorporateAlternativeMinimumTax
0.15
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26000000
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26000000
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
245000000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
230000000
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-89000000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
44000000
us-gaap Net Income Loss
NetIncomeLoss
-398000000
us-gaap Net Income Loss
NetIncomeLoss
306000000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285000000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
284000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
284000000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.4
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-89000000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
44000000
us-gaap Net Income Loss
NetIncomeLoss
-398000000
us-gaap Net Income Loss
NetIncomeLoss
306000000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285000000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
284000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
285000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
284000000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
285000000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
286000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
285000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
286000000
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.4
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5142000000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5311000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14950000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15431000000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-59000000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
106000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-369000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
492000000
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
198000000
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
45000000
us-gaap Restructuring Charges
RestructuringCharges
302000000
us-gaap Restructuring Charges
RestructuringCharges
82000000
CY2023Q3 gt Segment Asset Write Offs And Accelerated Depreciation
SegmentAssetWriteOffsAndAcceleratedDepreciation
8000000
CY2022Q3 gt Segment Asset Write Offs And Accelerated Depreciation
SegmentAssetWriteOffsAndAcceleratedDepreciation
6000000
gt Segment Asset Write Offs And Accelerated Depreciation
SegmentAssetWriteOffsAndAcceleratedDepreciation
21000000
gt Segment Asset Write Offs And Accelerated Depreciation
SegmentAssetWriteOffsAndAcceleratedDepreciation
6000000
CY2023Q3 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
3077000000
CY2023Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.30
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
322000000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
395000000
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
277000000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
228000000
CY2023Q3 us-gaap Debt Current
DebtCurrent
599000000
CY2022Q4 us-gaap Debt Current
DebtCurrent
623000000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8131000000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7286000000
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
39000000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
46000000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
8092000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
7240000000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
252000000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
255000000
CY2023Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
8344000000
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7495000000
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
277000000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
228000000
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8067000000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7267000000
gt Non Cash Financing Additions
NonCashFinancingAdditions
2000000
CY2022 gt Non Cash Financing Additions
NonCashFinancingAdditions
20000000
CY2023Q3 us-gaap Notes Payable
NotesPayable
5554000000
CY2022Q4 us-gaap Notes Payable
NotesPayable
5560000000
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
51000000
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
13000000
CY2023Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
17000000
CY2022Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
13000000
CY2023Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
17000000
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
13000000
CY2023Q3 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
26000000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
30000000
CY2022Q3 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
20000000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
54000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
2000000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-4000000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
3000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1000000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1000000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1000000
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
3000000
CY2023Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
18000000
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
8000000
CY2023Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
33000000
CY2022Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
5000000
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
322000000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
395000000
CY2023Q3 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
2000000
CY2022Q3 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
4000000
us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
6000000
us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
12000000
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
33000000
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
33000000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
99000000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19000000
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
19000000
gt Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod
through the third quarter of 2026
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19000000
CY2023Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
78000000
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
80000000
CY2023Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
22000000
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
20000000
CY2023Q3 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
189000000
CY2022Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
187000000
CY2023Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
33000000
CY2022Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
37000000
CY2023Q3 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
25000000
CY2023Q3 gt Off Balance Sheet Financial Guarantees Written And Other Commitments
OffBalanceSheetFinancialGuaranteesWrittenAndOtherCommitments
32000000
CY2022Q4 gt Off Balance Sheet Financial Guarantees Written And Other Commitments
OffBalanceSheetFinancialGuaranteesWrittenAndOtherCommitments
32000000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5000000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7000000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000000
CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3000000
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-7000000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-1000000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-22000000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2000000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-3000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-14000000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0000950170-23-059862.txt Edgar Link pending
0000950170-23-059862-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gt-20230930.htm Edgar Link pending
gt-20230930.xsd Edgar Link pending
gt-ex22_1.htm Edgar Link pending
gt-20230930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
gt-20230930_def.xml Edgar Link unprocessable
gt-20230930_pre.xml Edgar Link unprocessable
gt-20230930_htm.xml Edgar Link completed
gt-ex31_1.htm Edgar Link pending
gt-ex31_2.htm Edgar Link pending
gt-ex32_1.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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R11.htm Edgar Link pending
R12.htm Edgar Link pending
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