# EDGAR Filing Document

**Accession Number:** 0000042582
**File Stem:** 0001193125-25-175443
**Filing Date:** 2025-8
**Character Count:** 41547
**Document Hash:** 25d8fe508618c512e21d014277aba5e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-175443.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001193125-25-175443

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250807

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOODYEAR TIRE & RUBBER CO /OH/
- **CENTRAL INDEX KEY:** 0000042582
- **STANDARD INDUSTRIAL CLASSIFICATION:** TIRES AND INNER TUBES [3011]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 340253240
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-01927
- **FILM NUMBER:** 251194291

**BUSINESS ADDRESS:**
- **STREET 1:** 200 INNOVATION WAY
- **CITY:** AKRON
- **STATE:** OH
- **ZIP:** 44316
- **BUSINESS PHONE:** 330-796-2121

**MAIL ADDRESS:**
- **STREET 1:** 200 INNOVATION WAY
- **CITY:** AKRON
- **STATE:** OH
- **ZIP:** 44316

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### Form 8-K

#### Current Report

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934
**Date of Report (Date of earliest event reported):** (August 7, 2025)

## THE GOODYEAR TIRE & RUBBER COMPANY

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Ohio** | **1-1927** | **34-0253240** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

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| | |
|:---|:---|
| **200 Innovation Way, Akron, Ohio** | **44316-0001** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code: (330) 796-2121
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common Stock, Without Par Value | GT | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.**  |

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A copy of the News Release issued by The Goodyear Tire & Rubber Company on Thursday, August 7, 2025, describing its results of operations for the second quarter of 2025, is attached hereto as Exhibit 99.1.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

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(d) Exhibits.

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| | |
|:---|:---|
| <u>Exhibit</u> | <u>Description</u> |
| 99.1 | [News Release, dated August 7, 2025](d88468dex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **THE GOODYEAR TIRE & RUBBER COMPANY** | **THE GOODYEAR TIRE & RUBBER COMPANY** |
| Date: August 7, 2025 | By: | /s/ Christina L. Zamarro |
|  |  | Christina L. Zamarro |
|  |  | Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1** 

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| | |
|:---|:---|
| ![LOGO](g88468g23f66.jpg) <br>**FOR IMMEDIATE RELEASE** | <br> **Goodyear Announces Q2 2025 Results**<br>**Goodyear Forward delivered $195 million of segment operating income benefits during the quarter; asset sales in 2025 driving strong balance sheet**<br>AKRON, Ohio, Aug. 7, 2025 – The Goodyear Tire & Rubber Company (NASDAQ:GT) reported second quarter 2025 results today and the company will host an investor call tomorrow morning, Friday, Aug. 8, at 8:30 a.m. Eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Christina Zamarro, the company's executive vice president and chief financial officer. Stewart and Zamarro will share insights on second quarter performance and progress on the Goodyear Forward transformation plan. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **> GLOBAL HEADQUARTERS:**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 INNOVATION WAY,<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AKRON, OHIO 44316-0001<br>**> MEDIA WEBSITE:**<br> <u>WWW.GOODYEARNEWSROOM.COM</u> | "The second quarter proved challenging in both our consumer and commercial businesses, driven by industry disruption stemming from shifts in global trade - including a surge of low-cost imports across our key markets," said Stewart. "We expect conditions to stabilize in the coming quarters, and we see clear opportunity ahead as we capitalize on our strong U.S. manufacturing footprint. We continue to expect to exceed the original goals for Goodyear Forward both in terms of cost savings and proceeds from asset sales." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> **> MEDIA CONTACT:**<br> DOUG GRASSIAN<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330.796.3855<br> <u>DOUG_GRASSIAN@GOODYEAR.COM</u><br>**> ANALYST CONTACT:**<br> RYAN REED<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330.796.0368<br> <u>RYAN_REED@GOODYEAR.COM</u><br>| Goodyear's second quarter 2025 net sales were $4.5 billion, with tire unit volumes totaling 37.9 million. Goodyear net income was $254 million (87 cents per share) compared to Goodyear net income of $79 million (28 cents per share) a year ago. The second quarter of 2025 included several significant items including, on a pre-tax basis, an estimated gain on the sale of the Dunlop brand of $385 million, rationalization charges of $59 million and Goodyear Forward costs of $5 million. The second quarter of 2024 included, on a pre-tax basis, rationalization charges of $19 million and Goodyear Forward costs of $40 million. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.<br>Second quarter 2025 adjusted net loss was $48 million compared to adjusted net income of $48 million in the prior year's quarter. Adjusted earnings per share was a loss of $0.17, compared to earnings of $0.17 in the prior year's quarter. Per share amounts are diluted.<br>The company reported segment operating income of $159 million in the second quarter of 2025, compared to $334 million from a year ago. After adjusting for the sale of its Off-the-Road (OTR) tire business, which was completed in February 2025, segment operating income declined $152 million, driven by higher raw materials. Segment operating income reflects benefits from Goodyear Forward of $195 million, inflation and other costs of $127 million, unfavorable net price/mix versus raw material costs of $83 million, non-recurrence of the 2024 net insurance recoveries of $63 million, and lower tire volume of $37 million. |

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![LOGO](g88468snap2.jpg)

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**<u>Year-to-Date Results</u>**

Goodyear's first six months 2025 net sales were $8.7 billion, with tire unit volumes totaling 76.4 million. Goodyear net income was $369 million ($1.27 per share) compared to Goodyear net income of $10 million (4 cents per share) a year ago. The first six months of 2025 included several significant items including, on a pre-tax basis, a combined estimated gain on the sales of the OTR tire business and the Dunlop Brand of $645 million, rationalization charges of $140 million and Goodyear Forward costs of $11 million. The first six months of 2024 included, on a pre-tax basis, rationalization charges of $41 million and Goodyear Forward costs of $67 million. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.

First six months 2025 adjusted net loss was $59 million compared to adjusted net income of $65 million in the prior year. Adjusted earnings per share was a loss of $0.21, compared to earnings of $0.23 in the prior year. Per share amounts are diluted.

The company reported segment operating income of $354 million in the first six months of 2025, compared to $574 million a year ago. After adjusting for the sale of its OTR tire business, which was completed in February 2025, segment operating income declined $185 million, driven by higher raw materials. Segment operating income reflects unfavorable net price/mix versus raw material costs of $193 million, inflation and other costs of $179 million, non-recurrence of the 2024 net insurance recoveries of $52 million, and lower tire volume of $70 million. These headwinds were partially offset by benefits from Goodyear Forward of $395 million.

Additional earnings materials can be found on Goodyear's investor relations website at <u>http://investor.goodyear.com</u>.

**<u>Reconciliation of Non-GAAP Financial Measures</u>**

See "Non-GAAP Financial Measures" and "Financial Tables" for further explanation and reconciliation tables for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2025 and 2024 periods.

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| **2**<br>| ![LOGO](g88468snap3.jpg) |

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**<u>Business Segment Results</u>**

**AMERICAS** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Second Quarter** | **Second Quarter** | **Six Months** | **Six Months** |
| ***(In millions)*** | **2025** | **2024** | **2025** | **2024** |
|  Tire Units | 19.1 | 19.6 | 37.5 | 38.6 |
|  Net Sales | $2662 | $2697 | $5164 | $5285 |
|  Segment Operating Income | 141 | 241 | 296 | 420 |
|  Segment Operating Margin | 5.3% | 8.9% | 5.7% | 7.9% |

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Americas' second quarter 2025 net sales of $2.7 billion were 1.3% lower than last year, driven by declines in replacement volume, partially offset by price/mix benefits. Tire unit volume decreased 2.6%. Replacement tire unit volume decreased 2.0%, primarily driven by consumer replacement. Original equipment tire unit volume decreased 5.0%. In the U.S., we outperformed competitors, continuing to gain OE market share.

Segment operating income of $141 million decreased $100 million from prior year. The decrease was driven by higher raw material costs, inflation and other costs, and unabsorbed fixed costs, which were partly offset by Goodyear Forward and price/mix benefits.

**EMEA** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Second Quarter** | **Second Quarter** | **Six Months** | **Six Months** |
| ***(In millions)*** | **2025** | **2024** | **2025** | **2024** |
|  Tire Units | 11.3 | 11.6 | 23.6 | 24.1 |
|  Net Sales | $1344 | $1279 | $2621 | $2626 |
|  Segment Operating Income (Loss) | (25) | 30 | (30) | 31 |
|  Segment Operating Margin | (1.9)% | 2.3% | (1.1)% | 1.2% |

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EMEA's second quarter 2025 net sales of $1.3 billion were up 5.1% from last year, driven by positive price/mix actions and higher sales in other tire-related businesses driven by growth in Fleet Solutions, partly offset by lower tire volume. Tire unit volume decreased 2.0%. Replacement unit volumes decreased 7.3%, driven by consumer replacement channel destocking. Original equipment tire unit volumes increased 10.9%, reflecting significant market share gains.

Segment operating loss of $25 million was $55 million lower than last year driven by higher raw material costs, the non-recurrence of the 2024 net insurance recoveries, and inflation. These factors were partly offset by price/mix and Goodyear Forward benefits.

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| **3**<br>| ![LOGO](g88468snap3.jpg) |

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**ASIA PACIFIC** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Second Quarter** | **Second Quarter** | **Six Months** | **Six Months** |
| ***(In millions)*** | **2025** | **2024** | **2025** | **2024** |
|  Tire Units | 7.5 | 8.9 | 15.3 | 17.8 |
|  Net Sales | $459 | $594 | $933 | $1196 |
|  Segment Operating Income | 43 | 63 | 88 | 123 |
|  Segment Operating Margin | 9.4% | 10.6% | 9.4% | 10.3% |

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Asia Pacific's second quarter 2025 net sales of $459 million were 22.7% lower than the previous year, driven by lower volume and the sale of the OTR tire business. Tire unit volume decreased 15.6%. Replacement tire unit volume decreased 18.2%, driven by actions taken to reduce lower margin business outside of China and weak demand in China. Original equipment unit volume decreased 13.0%, driven by customer mix in China.

Second quarter 2025 segment operating income of $43 million was $20 million lower from prior year, driven by the divestiture of the OTR tire business. After adjusting for the sale of the OTR tire business, Asia Pacific's segment operating margin grew 150 basis points.

**<u>Goodyear Forward</u>**

Second quarter segment operating income reflects Goodyear Forward benefits of $195 million. In addition, on February 3, 2025, the sale of the OTR tire business to The Yokohama Rubber Company, Limited, successfully closed; gross cash proceeds received at closing totaled $905 million. Similarly, on May 7, 2025, the sale of the Dunlop brand to Sumitomo Rubber Industries, Ltd., was completed; gross cash proceeds received at closing totaled $735 million. On May 22, 2025, a definitive agreement was reached to sell the majority of the Goodyear Chemical business to an affiliate of Gemspring Capital Management, LLC, which is expected to close in late 2025. Goodyear intends to use the proceeds from the Chemical transaction to further reduce leverage.

**<u>Conference Call</u>**

The Company will host an investor call on Friday, August 8, 2025, at 8:30 a.m. Eastern time. Please visit Goodyear's investor relations website: <u>http://investor.goodyear.com</u>, for additional earnings materials.

Participating in the conference call will be Mark W. Stewart, chief executive officer and president, and Christina L. Zamarro, executive vice president and chief financial officer.

The investor call can be accessed on the website or via telephone by calling either (800) 343-4849 or (203) 518-9848 before 8:25 a.m. Eastern time and providing the conference ID "Goodyear." A replay will be available by calling (800) 934-3639 or (402) 220-1152. The replay will also be available on Goodyear's investor relations website.

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| **4**<br>| ![LOGO](g88468snap3.jpg) |

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<u>**About Goodyear**</u> 

Goodyear is one of the world's largest tire companies. It employs about 68,000 people and manufactures its products in 53 facilities in 20 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

<u>**Forward-Looking Statements**</u> 

Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully the Goodyear Forward plan and our other strategic initiatives, including the sale of our chemical business; risks relating to the ability to consummate the sale of our chemical business on a timely basis or at all, including failure to obtain the required regulatory approvals or to satisfy the other conditions to closing the transaction; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

**<u>Revision of Previously Issued Financial Statements</u>**

This news release reflects revised prior period financial information to correct an accounting error related to the historic computation of currency remeasurement for our foreign operations in Turkey. We evaluated the errors and determined that the related impacts were not material in any previously issued annual or interim financial statements. See Notes 1 and 16 of the Notes to Consolidated Financial Statements included in our Form 10-Q for the quarterly period ended June 30, 2025, expected to be filed on August 8, 2025, for revised financial information reflecting the corrections to prior periods.

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| **5**<br>| ![LOGO](g88468snap3.jpg) |

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<u>**Non-GAAP Financial Measures (unaudited)**</u> 

This news release presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Adjusted Net Income (Loss), and Adjusted Diluted Earnings Per Share (EPS), which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.

Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company's Adjusted Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share (EPS) are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, impairments, asset sales and certain other significant items.

It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies. See the following tables for reconciliations of historical Total Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures.

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| **6**<br>| ![LOGO](g88468snap3.jpg) |

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**The Goodyear Tire & Rubber Company and Subsidiaries** 

**Financial Tables (Unaudited)** 

**<u>Table 1: Consolidated Statement of Operations</u>**

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30,** | **June 30,** | **June 30,** | **June 30,** |
| ***(In millions, except per share amounts)*** | **2025** | **2024** | **2025** | **2024** |
|  Net Sales | $4465 | $4570 | $8718 | $9107 |
|  Cost of Goods Sold | 3705 | 3627 | 7218 | 7349 |
|  Selling, Administrative and General Expense | 692 | 731 | 1342 | 1427 |
|  Rationalizations | 59 | 19 | 140 | 41 |
|  Interest Expense | 112 | 130 | 227 | 256 |
|  Other Expense | 31 | 26 | 56 | 59 |
|  Net (Gains) on Asset Sales | (439) | (96) | (701) | (94) |
|  Income before Income Taxes | 305 | 133 | 436 | 69 |
|  United States and Foreign Tax Expense | 24 | 60 | 37 | 66 |
|  Net Income | 281 | 73 | 399 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Minority Shareholders' Net Income (Loss) | 27 | (6) | 30 | (7) |
|  **Goodyear Net Income** | $**254** | $**79** | $**369** | $**10** |
|  Goodyear Net Income – Per Share of Common Stock |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Basic** | $**0.88** | $**0.28** | $**1.28** | $**0.04** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted Average Shares Outstanding | 287 | 287 | 287 | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diluted** | $**0.87** | $**0.28** | $**1.27** | $**0.04** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted Average Shares Outstanding | 290 | 288 | 290 | 288 |

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| **7**<br>| ![LOGO](g88468snap3.jpg) |

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**<u>Table 2: Consolidated Balance Sheets</u>**

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| | | |
|:---|:---|:---|
| ***(In millions, except share data)*** | **June 30,<br>2025** | **December 31,<br>2024** |
|  **Assets:** |  |  |
|  **Current Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and Cash Equivalents | $785 | $810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts Receivable, less Allowance – $97 ($84 in 2024) | 3016 | 2482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raw Materials | 680 | 728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Work in Process | 207 | 207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finished Products | 3141 | 2619 |
|  | **4028** | **3554** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets Held for Sale | 544 | 466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid Expenses and Other Current Assets | 512 | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Current Assets** | **8885** | **7589** |
|  Goodwill | 716 | 756 |
|  Intangible Assets | 677 | 805 |
|  Deferred Income Taxes | 1743 | 1686 |
|  Other Assets | 1149 | 1052 |
|  Operating Lease Right-of-Use Assets | 1087 | 951 |
|  Property, Plant and Equipment, less Accumulated Depreciation – $12,215 ($12,212 in 2024) | 8002 | 8082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | $**22259** | $**20921** |
|  **Liabilities:** |  |  |
|  **Current Liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts Payable – Trade | $4010 | $4092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation and Benefits | 606 | 606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Current Liabilities | 1599 | 1089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes Payable and Overdrafts | 499 | 558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating Lease Liabilities due Within One Year | 209 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Term Debt and Finance Leases due Within One Year | 778 | 832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Current Liabilities** | **7701** | **7377** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating Lease Liabilities | 933 | 804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Term Debt and Finance Leases | 6559 | 6392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation and Benefits | 814 | 789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Income Taxes | 108 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Long Term Liabilities | 850 | 628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | **16965** | **16098** |
|  Commitments and Contingent Liabilities |  |  |
|  **Shareholders' Equity:** |  |  |
|  **Goodyear Shareholders' Equity:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock, no par value: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized, 450 million shares, Outstanding shares – 286 million in 2025 (285 million in 2024) | 286 | 285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Surplus | 3164 | 3159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings | 5450 | 5081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated Other Comprehensive Loss | (3784) | (3844) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Goodyear Shareholders' Equity** | **5116** | **4681** |
|  Minority Shareholders' Equity – Nonredeemable | 178 | 142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Shareholders' Equity** | 5294 | 4823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities and Shareholders' Equity** | $**22259** | $**20921** |

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| **8**<br>| ![LOGO](g88468snap3.jpg) |

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**<u>Table 3: Consolidated Statements of Cash Flows</u>**

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|:---|:---|:---|
|  | **Six Months Ended<br>June 30,** | **Six Months Ended<br>June 30,** |
| ***(In millions)*** | **2025** | **2024** |
|  **Cash Flows from Operating Activities:** |  |  |
|  **Net Income** | $**399** | $**3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustments to Reconcile Net Income to Cash Flows from Operating Activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and Amortization | 544 | 546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization and Write-Off of Debt Issuance Costs | 10 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for Deferred Income Taxes | (55) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Pension Curtailments and Settlements | 4 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Rationalization Charges | 140 | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rationalization Payments | (204) | (105) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net (Gains) on Asset Sales | (701) | (94) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (Gain) on Insurance Recoveries for Damaged Property, Plant and Equipment |  | (50) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating Lease Expense | 159 | 164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating Lease Payments | (141) | (139) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pension Contributions and Direct Payments | (53) | (29) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts Receivable | (498) | (354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | (512) | (397) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts Payable – Trade | (59) | (18) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation and Benefits | 2 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Current Liabilities | 312 | (91) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets and Liabilities | (65) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Cash Flows from Operating Activities** | **(718)** | **(518)** |
|  **Cash Flows from Investing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Expenditures | (466) | (634) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance Recoveries for Damaged Property, Plant and Equipment |  | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Proceeds from Sale and Leaseback Transactions |  | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Dispositions | 1328 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Term Securities Redeemed |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes Receivable | 1 | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Transactions | (26) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Cash Flows from Investing Activities** | **837** | **(488)** |
|  **Cash Flows from Financing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short Term Debt and Overdrafts Incurred | 557 | 595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short Term Debt and Overdrafts Paid | (632) | (464) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Term Debt Incurred | 8888 | 7068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Term Debt Paid | (8925) | (6280) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock Issued | (5) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transactions with Minority Interests in Subsidiaries | (1) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt Related Costs and Other Transactions | 11 | (18) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Cash Flows from Financing Activities** | **(107)** | **896** |
|  Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | 26 | (23) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net Change in Cash, Cash Equivalents and Restricted Cash** | 38 | (133) |
|  Cash, Cash Equivalents and Restricted Cash at Beginning of the Period | 864 | 985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash, Cash Equivalents and Restricted Cash at End of the Period** | $**902** | $**852** |

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**<u>Table 4: Reconciliation of Segment Operating Income & Margin</u>**

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended<br>June 30,** | **Three Months Ended<br>June 30,** | **Six Months Ended<br>June 30,** | **Six Months Ended<br>June 30,** |
| ***(In millions)*** | **2025** | **2024** | **2025** | **2024** |
|  **Total Segment Operating Income** | $**159** | $**334** | $**354** | $**574** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rationalizations | 59 | 19 | 140 | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Expense | 112 | 130 | 227 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Expense | 31 | 26 | 56 | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net (Gains) on Asset Sales | (439) | (96) | (701) | (94) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs | 41 | 43 | 87 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Incentive Compensation Plans | 20 | 15 | 36 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Expenses of Divested Operations | 1 | 3 | 3 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 29 | 61 | 70 | 105 |
|  **Income before Income Taxes** | $**305** | $**133** | $**436** | $**69** |
|  United States and Foreign Tax Expense | 24 | 60 | 37 | 66 |
|  Less: Minority Shareholders' Net Income (Loss) | 27 | (6) | 30 | (7) |
|  **Goodyear Net Income** | $**254** | $**79** | $**369** | $**10** |
|  Net Sales | $4465 | $4570 | $8718 | $9107 |
|  Return on Net Sales | 5.7% | 1.7% | 4.2% | 0.1% |
|  Total Segment Operating Margin | 3.6% | 7.3% | 4.1% | 6.3% |

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<u>**Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share**</u>

**Second Quarter 2025**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| ***(In millions, except per share amounts)*** | **As<br>Reported** | **Rationalizations,<br>Asset Write-offs,<br>Accelerated<br>Depreciation<br>and Leases** | **Goodyear<br>Forward Costs** | **Indirect Tax<br>Settlements<br>and Discrete<br>Tax Items** | **Asset and<br>Other Sales** | **As<br>Adjusted** |
|  Net Sales | $**4465** | $— | $— | $— | $— | $**4465** |
|  Cost of Goods Sold | **3705** | (40) |  |  |  | **3665** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Margin | **760** | 40 |  |  |  | **800** |
|  SAG | **692** | (1) | (3) |  |  | **688** |
|  Rationalizations | **59** | (59) |  |  |  | **—** |
|  Interest Expense | **112** |  |  |  |  | **112** |
|  Other (Income) Expense | **31** |  | (2) |  |  | **29** |
|  Net (Gain) Loss on Asset Sales | **(439)** |  |  |  | 439 | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-tax Income (Loss) | **305** | 100 | 5 |  | (439) | **(29)** |
|  Taxes | **24** | 8 | 2 | 4 | (21) | **17** |
|  Minority Interest | **27** |  |  |  | (25) | **2** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Net Income (Loss) | $**254** | $92 | $3 | $(4) | $(393) | $**(48)** |
|  EPS | $**0.87** | $0.33 | $0.01 | $(0.02) | $(1.36) | $**(0.17)** |

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**Second Quarter 2024**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***(In millions, except per share amounts)*** | **As<br>Reported** | **Rationalizations,<br>Asset Write-offs,<br>Accelerated<br>Depreciation and<br>Leases** | **Goodyear<br>Forward<br>Costs** | **South Africa<br>Flood Impact** | **Americas<br>Storm<br>Insurance<br>Recoveries** | **Debica Fire<br>Impact and<br>Insurance<br>Recoveries** | **Asset and<br>Other Sales** | **As<br>Adjusted** |
|  Net Sales | $**4570** | $— | $— | $— | $— | $— | $— | $**4570** |
|  Cost of Goods Sold | **3627** | (33) |  | (3) | 20 | 43 |  | **3654** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Margin | **943** | 33 |  | 3 | (20) | (43) |  | **916** |
|  SAG | **731** | (10) | (40) |  |  |  |  | **681** |
|  Rationalizations | **19** | (19) |  |  |  |  |  |  |
|  Interest Expense | **130** |  |  |  |  |  |  | **130** |
|  Other (Income) Expense | **26** |  |  |  |  |  |  | **26** |
|  Net (Gain) Loss on Asset Sales | **(96)** |  |  |  |  |  | 96 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pr-tax Income (Loss) | **133** | 62 | 40 | 3 | (20) | (43) | (96) | **79** |
|  Taxes | **60** | 5 | 10 |  | (5) | (9) | (28) | **33** |
|  Minority Interest | **(6)** | 8 |  |  |  | (4) |  | **(2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Net Income (Loss) | $**79** | $49 | $30 | $3 | $(15) | $(30) | $(68) | $**48** |
|  EPS | $**0.28** | $0.17 | $0.10 | $0.01 | $(0.06) | $(0.10) | $(0.23) | $**0.17** |

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**Six Months 2025** 

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| ***(In millions, except per share amounts)*** | **As<br>Reported** | **Rationalizations,<br>Asset Write-offs,<br>Accelerated**<br>**Depreciation and<br>Leases** | **Goodyear<br>Forward<br>Costs** | **Pension<br>Settlement<br>Charges** | **Indirect Tax**<br>**Settlements<br>and Discrete**<br>**Tax Items** | **Asset and**<br>**Other Sales** | **As<br>Adjusted** |
|  Net Sales | $**8718** | $— | $— | $— | $— | $— | $**8718** |
|  Cost of Goods Sold | **7218** | (83) |  |  |  |  | **7135** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Margin | **1500** | 83 |  |  |  |  | **1583** |
|  SAG | **1342** | (4) | (5) |  |  |  | **1333** |
|  Rationalizations | **140** | (140) |  |  |  |  | **—** |
|  Interest Expense | **227** |  |  |  |  |  | **227** |
|  Other (Income) Expense | **56** |  | (6) | (4) |  |  | **46** |
|  Net (Gain) Loss on Asset Sales | **(701)** |  |  |  |  | 701 | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-tax Income (Loss) | **436** | 227 | 11 | 4 |  | (701) | **(23)** |
|  Taxes | **37** | 30 | 3 | 1 | 5 | (46) | **30** |
|  Minority Interest | **30** | 1 |  |  |  | (25) | **6** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Net Income (Loss) | $**369** | $196 | $8 | $3 | $(5) | $(630) | $**(59)** |
|  EPS | $**1.27** | $0.69 | $0.03 | $0.01 | $(0.02) | $(2.19) | $**(0.21)** |

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**Six Months 2024** 

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***(In millions, except per<br>share amounts)*** | **As<br>Reported** | **Rationalizations,<br>Asset Write-offs,<br>Accelerated<br>Depreciation and<br>Leases** | **Goodyear<br>Forward<br>Costs** | **South Africa<br>Flood Impact** | **Pension<br>Settlements<br>Charges<br>(Credits)** | **Indirect Tax**<br>**Settlement**<br>**and Discrete<br>Tax Items** | **Americas<br>Storm**<br>**Insurance<br>Recoveries** | **Debica Fire<br>Impact and<br>Insurance<br>Recoveries** | **Asset and<br>Other Sales** | **As<br>Adjusted** |
|  Net Sales | $**9107** | $— | $— | $— | $— | $— | $— | $— | $— | $**9107** |
|  Cost of Goods Sold | **7349** | (76) |  | (3) |  | 8 | 20 | 29 |  | **7327** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross Margin | **1758** | 76 |  | 3 |  | (8) | (20) | (29) |  | **1780** |
|  SAG | **1427** | (18) | (67) |  |  |  |  |  |  | **1342** |
|  Rationalizations | **41** | (41) |  |  |  |  |  |  |  | **—** |
|  Interest Expense | **256** |  |  |  |  |  |  |  |  | **256** |
|  Other (Income) Expense | **59** |  |  |  | 5 | 2 |  |  | (8) | **58** |
|  Net (Gain) Loss on Asset Sales | **(94)** |  |  |  |  |  |  |  | 94 | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-tax Income (Loss) | **69** | 135 | 67 | 3 | (5) | (10) | (20) | (29) | (86) | **124** |
|  Taxes | **66** | 14 | 16 |  | (1) | (2) | (5) | (7) | (26) | **55** |
|  Minority Interest | **(7)** | 14 |  |  |  |  |  | (3) |  | **4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Net Income (Loss) | $**10** | $107 | $51 | $3 | $(4) | $(8) | $(15) | $(19) | $(60) | $**65** |
|  EPS | $**0.04** | $0.37 | $0.18 | $0.01 | $(0.01) | $(0.03) | $(0.06) | $(0.06) | $(0.21) | $**0.23** |

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| **12**<br>| ![LOGO](g88468snap3.jpg) |

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