Attached files

file filename
EX-10 - EX-10.1 - GOODYEAR TIRE & RUBBER CO /OH/d186446dex101.htm
EX-10 - EX-10.2 - GOODYEAR TIRE & RUBBER CO /OH/d186446dex102.htm
EX-99 - EX-99.3 - GOODYEAR TIRE & RUBBER CO /OH/gt-q12016xex_993.htm
EX-31 - EX-31.1 - GOODYEAR TIRE & RUBBER CO /OH/gt-q12016xex_311.htm
EX-32 - EX-32.1 - GOODYEAR TIRE & RUBBER CO /OH/gt-q12016xex_321.htm
EX-31 - EX-31.2 - GOODYEAR TIRE & RUBBER CO /OH/gt-q12016xex_312.htm
EX-99 - EX-99.2 - GOODYEAR TIRE & RUBBER CO /OH/gt-q12016xex_992.htm
10-Q - 10-Q - GOODYEAR TIRE & RUBBER CO /OH/gt-q1201610q.htm
EX-12 - EX-12.1 - GOODYEAR TIRE & RUBBER CO /OH/gt-q12016xratioofearningse.htm
EXHIBIT 99.1
THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
The Americas segment operating income for prior periods has been restated to reflect the elimination of intercompany profit between the former North America and Latin America strategic business units ("SBUs"). Also, certain start-up costs related to the construction of our new manufacturing facility in San Luis Potosi, Mexico were reclassified from Other (Income) Expense to Americas operating income to align to the change in reported segments beginning in 2016. Finally, certain reclassifications affecting Interest Expense, Other (Income) Expense and segment assets were made due to the adoption of new accounting guidance regarding the presentation of debt issuance costs. Refer to Note 1.
 
Three Months Ended
 
June 30,
 
September 30,
 
December 31,
(In millions)
2015
 
2015
 
2015
Sales:
 
 
 
 
 
Americas
$
2,416

 
$
2,398

 
$
2,313

Europe, Middle East and Africa
1,265

 
1,328

 
1,191

Asia Pacific
491

 
458

 
559

Net Sales
$
4,172

 
$
4,184

 
$
4,063

Segment Operating Income:
 
 
 
 
 
Americas
$
358

 
$
376

 
$
284

Europe, Middle East and Africa
108

 
154

 
100

Asia Pacific
84

 
72

 
96

Total Segment Operating Income
$
550

 
$
602

 
$
480

Less:
 
 
 
 
 
Rationalizations
46

 
20

 
32

Interest expense
110

 
105

 
116

Other (income) expense
13

 
(5
)
 
(17
)
Asset write-offs and accelerated depreciation

 
3

 
3

Corporate incentive compensation plans
22

 
26

 
42

Pension curtailments/settlements(1)

 

 
137

Intercompany profit elimination
10

 
(8
)
 
(3
)
Loss on deconsolidation of Venezuelan subsidiary

 

 
646

Retained expenses of divested operations
2

 
2

 
8

Other(2)
19

 
28

 
26

Income before Income Taxes
$
328

 
$
431

 
$
(510
)

(1)
Substantially all of the pension settlement charges noted above related to our Americas SBU; however. such costs were not included in Americas segment operating income for purposes of management's assessment of SBU operating performance.
(2)
Primarily represents unallocated corporate costs including certain costs for one-time strategic global initiatives.




EXHIBIT 99.1 (cont.)
THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
 
Three Months Ended
 
June 30,
 
September 30,
 
December 31,
(In millions)
2015
 
2015
 
2015
Rationalizations:
 
 
 
 
 
Americas
$
5

 
$
7

 
$
3

Europe, Middle East and Africa
39

 
12

 
29

Asia Pacific
2

 
1

 

Total Segment Rationalizations
$
46

 
$
20

 
$
32

 
 
 
 
 
 
Net (Gains) Losses on Asset Sales:
 
 
 
 
 
Americas
$

 
$
(1
)
 
$

Europe, Middle East and Africa
3

 
11

 
(2
)
Asia Pacific
(6
)
 

 
1

Total Segment Asset Sales
$
(3
)
 
$
10

 
$
(1
)
Corporate
2

 

 
(79
)
 
$
(1
)
 
$
10

 
$
(80
)
Asset Write-offs and Accelerated Depreciation:
 
 
 
 
 
Europe, Middle East and Africa
$

 
$
3

 
$
3

Total Segment Asset Write-offs and Accelerated Depreciation
$

 
$
3

 
$
3