Business Segments (Tables)

12 Months Ended

Dec. 31, 2024

The following tables present segment sales, significant segment expenses and operating income, and the reconciliation of segment operating income to Income (Loss) before Income Taxes:


	2024
(In millions)	Americas			Europe, Middle East and Africa			Asia Pacific			Total
Net Sales	$	11,033		$	5,425		$	2,420		$	18,878
Less:
Cost of Goods Sold		8,758			4,472			1,840			15,070
Selling, Administrative and General Expense		1,357			848			304			2,509
Other (income)(1)		(15	)		(3	)		(1	)		(19	)
Segment Operating Income	$	933		$	108		$	277		$	1,318
Less:
Goodwill and Intangible Asset Impairments (Note 11)											125
Rationalizations (Note 3)											86
Interest expense (Note 4)											522
Other (income) expense (Note 5)											32
Asset write-offs and accelerated depreciation, net (Note 3)											146
Corporate incentive compensation plans											62
Retained expenses of divested operations											15
Other(2)											175
Income (Loss) before Income Taxes										$	155

(1)

Primarily represents royalty income attributable to the SBUs.

(2)

Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs. Other also includes $105 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.


	2023
(In millions)	Americas			Europe, Middle East and Africa			Asia Pacific			Total
Net Sales	$	11,993		$	5,606		$	2,467		$	20,066
Less:
Cost of Goods Sold		9,828			4,736			1,925			16,489
Selling, Administrative and General Expense		1,440			855			341			2,636
Other (income)(1)		(24	)		(2	)		(1	)		(27	)
Segment Operating Income	$	749		$	17		$	202		$	968
Less:
Goodwill and Intangible Asset Impairments (Note 11)											230
Rationalizations (Note 3)											502
Interest expense (Note 4)											532
Other (income) expense (Note 5)											108
Asset write-offs and accelerated depreciation, net (Note 3)											36
Corporate incentive compensation plans											70
Retained expenses of divested operations											18
Other(2)											149
Income (Loss) before Income Taxes										$	(677	)

(1)

Primarily represents royalty income attributable to the SBUs.

(2)

Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs. Other also includes $35 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.


	2022
(In millions)	Americas			Europe, Middle East and Africa			Asia Pacific		Total
Net Sales	$	12,766		$	5,645		$	2,394	$	20,805
Less:
Cost of Goods Sold		10,249			4,766			1,916		16,931
Selling, Administrative and General Expense		1,447			819			357		2,623
Other (income)(1)		(24	)		(1	)		—		(25	)
Segment Operating Income	$	1,094		$	61		$	121	$	1,276
Less:
Rationalizations (Note 3)										129
Interest expense (Note 4)										451
Other (income) expense (Note 5)										75
Asset write-offs and accelerated depreciation, net (Note 3)										37
Corporate incentive compensation plans										56
Retained expenses of divested operations										14
Other(2)										115
Income (Loss) before Income Taxes									$	399

(1)

Primarily represents royalty income attributable to the SBUs.

(2)

Primarily represents unallocated corporate costs and the elimination of royalty income attributable to the SBUs.

Segment Assets

The following table presents segment assets at December 31:



(In millions)	2024		2023
Assets
Americas	$	11,406	$	11,647
Europe, Middle East and Africa		4,557		4,873
Asia Pacific		2,610		2,767
Total Segment Assets		18,573		19,287
Corporate(1)		2,391		2,295
	$	20,964	$	21,582

(1)

Corporate includes substantially all of our U.S. net deferred tax assets.

Geographic Information

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. Management did not consider the net sales of any individual country outside the United States to be significant to the consolidated financial statements. For long-lived assets, only the United States and China were considered to be significant.



(In millions)	2024		2023		2022
Net Sales
United States	$	9,083	$	9,807	$	10,734
Other international		9,795		10,259		10,071
	$	18,878	$	20,066	$	20,805
Long-Lived Assets
United States	$	3,688	$	3,891
China		676		713
Other international		3,718		3,888
	$	8,082	$	8,492

Rationalizations, Asset sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs

Goodwill and intangible asset impairment, as described in Notes to the Consolidated Financial Statements No. 11, Goodwill and Intangible Assets; rationalizations, as described in Note to the Consolidated Financial Statements No. 3, Costs Associated with Rationalization Programs; net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense; and asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:



(In millions)	2024		2023		2022
Goodwill and Intangible Asset Impairment
Americas	$	125	$	—	$	—
Europe, Middle East and Africa		—		230		—
Total Segment Goodwill and Intangible Asset Impairment	$	125	$	230	$	—



(In millions)	2024		2023		2022
Rationalizations
Americas	$	23	$	19	$	32
Europe, Middle East and Africa		36		409		92
Asia Pacific		13		25		—
Total Segment Rationalizations	$	72	$	453	$	124
Corporate		14		49		5
	$	86	$	502	$	129



(In millions)	2024			2023			2022
Net Gains on Asset Sales
Americas	$	(13	)	$	(104	)	$	(122	)
Europe, Middle East and Africa		(79	)		—			—
Asia Pacific		(1	)		—			—
Total Segment Gains on Asset Sales	$	(93	)	$	(104	)	$	(122	)



(In millions)	2024		2023		2022
Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
Americas	$	14	$	19	$	—
Europe, Middle East and Africa		68		17		20
Asia Pacific		44		—		—
Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net	$	126	$	36	$	20
Corporate		20		—		17
	$	146	$	36	$	37

Segment Capital Expenditures, Depreciation and Amortization

The following tables present segment capital expenditures and depreciation and amortization:



(In millions)	2024		2023		2022
Capital Expenditures
Americas	$	790	$	638	$	611
Europe, Middle East and Africa		257		255		258
Asia Pacific		113		126		144
Total Segment Capital Expenditures	$	1,160	$	1,019	$	1,013
Corporate		28		31		48
	$	1,188	$	1,050	$	1,061



(In millions)	2024		2023		2022
Depreciation and Amortization
Americas	$	579	$	580	$	561
Europe, Middle East and Africa		277		239		208
Asia Pacific		153		141		144
Total Segment Depreciation and Amortization	$	1,009	$	960	$	913
Corporate		40		41		51
	$	1,049	$	1,001	$	964

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:



(In millions)	2024			2023			2022
Equity in (Income) Loss
Americas	$	27		$	15		$	(14	)
Europe, Middle East and Africa		(1	)		(1	)		1
Asia Pacific		(8	)		(16	)		(12	)
Total Segment Equity in (Income) Loss	$	18		$	(2	)	$	(25	)

GOODYEAR TIRE & RUBBER CO /OH/ 10-K