What changed in this filing

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Item 1. Financial Statements

2026-05-07 compared with 2025-11-04 · 217 added, 557 removed, 731 unchanged (51% of the section changed)

3 unchanged sentences

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions, except per share amounts) 2026 2025

3 unchanged sentences

Selling, Administrative and General Expense 668 650

Goodwill and Intangible Asset Impairments (Note 1)

674 125 674 125

Rationalizations (Note 3)

Interest Expense

114 135 341 391

Other (Income) Expense (Note 4)

Net (Gain) Loss on Asset Sales (Note 2)

1 ( 1 ) ( 700 ) ( 95 )

Net (Gain) Loss on Asset Sales ( 3 ) ( 262 )

Income (Loss) before Income Taxes ( 180 ) 131

( 733 ) ( 27 ) ( 297 ) 42

United States and Foreign Tax Expense (Note 5)

1,464 9 1,501 75

Net Income (Loss) ( 246 ) 118

( 2,197 ) ( 36 ) ( 1,798 ) ( 33 )

Minority Shareholders’ Net Income (Loss) 3 3

( 2 ) 1 28 ( 6 )

Goodyear Net Income (Loss) $ ( 249 ) $ 115

$ ( 2,195 ) $ ( 37 ) $ ( 1,826 ) $ ( 27 )

Goodyear Net Income (Loss) — Per Share of Common Stock

1 unchanged sentence

Weighted Average Shares Outstanding (Note 6)

288 287 287 286

Diluted $ ( 0.86 ) $ 0.40

Weighted Average Shares Outstanding (Note 6)

288 287 287 286

The accompanying notes are an integral part of these consolidated financial statements.

2 unchanged sentences

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

Net Income (Loss) $ ( 246 ) $ 118

$ ( 2,197 ) $ ( 36 ) $ ( 1,798 ) $ ( 33 )

Other Comprehensive Income (Loss):

Foreign currency:

Foreign currency translation, net of tax of ($ 6 ) and $ 0 in 2025 ($ 3 and $ 0 in 2024)

( 15 ) 39 ( 3 ) ( 20 )

Reclassification adjustment for amounts recognized in income, net of tax of $ 0 and $ 0 in 2025 ($ 0 and $ 0 in 2024)

Foreign currency translation, net of tax of $ 0 in 2026 ($ 2 in 2025)

Reclassification adjustment for amounts recognized in income, net of tax of $ 0 in 2026 ($ 0 in 2025)

Defined benefit plans:

Reclassification adjustment for amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of ($ 9 ) and $ 4 in 2025 ($ 7 and $ 20 in 2024)

Change in net actuarial gains and losses, net of tax of ($ 3 ) and ($ 1 ) in 2025 (($ 1 ) and $ 6 in 2024)

( 11 ) ( 3 ) ( 3 ) 7

Reclassification adjustment for immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures, net of tax of ($ 1 ) and ($ 1 ) in 2025 ($ 0 and ($ 1 ) in 2024)

69 — 71 ( 4 )

Prior service credit from plan amendments, net of tax of $ 0 and $ 0 in 2025 ($ 7 and $ 7 in 2024)

Deferred derivative gain:

Reclassification adjustment for amounts recognized in income, net of tax of $ 0 and $ 0 in 2025 ($ 0 and $ 0 in 2024)

Amortization of prior service cost and unrecognized gains and losses included in total benefit cost, net of tax of $ 1 in 2026 ($ 6 in 2025)

Change in net actuarial losses, net of tax of $ 0 in 2026 ($ 3 in 2025)

Immediate recognition of prior service cost and unrecognized gains and losses due to curtailments, settlements and divestitures, net of tax of $ 0 in 2026 ($ 0 in 2025)

Other Comprehensive Income (Loss) 16 60

Comprehensive Income (Loss) ( 230 ) 178

( 2,120 ) 42 ( 1,653 ) 34

Comprehensive Income (Loss) Attributable to Minority Shareholders — 6

( 3 ) 9 35 ( 2 )

Goodyear Comprehensive Income (Loss) $ ( 230 ) $ 172

$ ( 2,117 ) $ 33 $ ( 1,688 ) $ 36

The accompanying notes are an integral part of these consolidated financial statements.

1 unchanged sentence

CONSOLIDATED BALANCE SHEETS

(In millions, except share data) September 30,

(In millions, except share data) March 31,

2026 December 31,

8 unchanged sentences

Total Current Assets 7,646 7,218

Goodwill (Note 1) 42 756

Intangible Assets (Note 1) 670 805

Goodwill 43 42

Intangible Assets 658 663

Deferred Income Taxes (Note 5)

50 unchanged sentences

Other comprehensive income (loss)

Total Comprehensive Income (Loss)

Stock-based compensation plans 11 11 11

Dividends declared ( 2 ) ( 2 )

Common stock issued from treasury 1,039,706 1 ( 6 ) ( 5 ) ( 5 )

Balance at June 30, 2025

(after deducting 38,273,938 common treasury shares)

19 19 ( 3 ) 16

Net income (loss)

( 2,195 ) ( 2,195 ) ( 2 ) ( 2,197 )

Other comprehensive income (loss)

78 78 ( 1 ) 77

Total Comprehensive Income (Loss) ( 230 ) — ( 230 )

( 2,117 ) ( 3 ) ( 2,120 )

Stock-based compensation plans 8 8 8

Dividends declared ( 2 ) ( 2 )

Common stock issued from treasury 1,125,762 1 ( 8 ) ( 7 ) ( 7 )

Balance at September 30, 2025

Balance at March 31, 2026

(after deducting 36,915,100 common treasury shares)

287,372,807 $ 287 $ 3,175 $ 3,111 $ ( 3,569 ) $ 3,004 $ 170 $ 3,174

There were no dividends declared or paid during the three and nine months ended September 30, 2025.

The accompanying notes are an integral part of these consolidated financial statements.

THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

Common Stock Capital

13 unchanged sentences

Net income (loss) 115 115 3 118

10 10 ( 7 ) 3

Other comprehensive income (loss) 57 57 3 60

( 7 ) ( 7 ) ( 4 ) ( 11 )

Total Comprehensive Income (Loss) 172 6 178

3 ( 11 ) ( 8 )

Stock-based compensation plans 6 6 6

Dividends declared ( 7 ) ( 7 )

Common stock issued from treasury 674,461 1 ( 5 ) ( 4 ) ( 4 )

Balance at June 30, 2024

(after deducting 39,600,900 common treasury shares)

284,687,007 $ 285 $ 3,146 $ 5,045 $ ( 3,842 ) $ 4,634 $ 144 $ 4,778

Net income (loss)

( 37 ) ( 37 ) 1 ( 36 )

Other comprehensive income (loss)

Total Comprehensive Income (Loss)

Stock-based compensation plans 6 6 6

Dividends declared ( 1 ) ( 1 )

Common stock issued from treasury 228,014

Balance at September 30, 2024

Balance at March 31, 2025

(after deducting 38,639,183 common treasury shares)

285,648,724 $ 286 $ 3,160 $ 5,196 $ ( 3,787 ) $ 4,855 $ 148 $ 5,003

There were no dividends declared or paid during the three and nine months ended September 30, 2024.

There were no dividends declared or paid during the three months ended March 31, 2026 and 2025.

The accompanying notes are an integral part of these consolidated financial statements.

1 unchanged sentence

CONSOLIDATED STATEMENTS OF CASH FLOWS

Nine Months Ended

September 30,

Three Months Ended

(In millions) 2026 2025

Cash Flows from Operating Activities:

$ ( 1,798 ) $ ( 33 )

Adjustments to Reconcile Net Loss to Cash Flows from Operating Activities:

Net Income (Loss) $ ( 246 ) $ 118

Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:

Depreciation and Amortization 239 270

Amortization and Write-Off of Debt Issuance Costs 3 6

Goodwill and Intangible Asset Impairment (Note 1)

Provision for Deferred Income Taxes (Note 5)

2 unchanged sentences

Rationalization Payments ( 83 ) ( 65 )

Net Gains on Asset Sales (Note 2)

( 700 ) ( 95 )

Loss (Gain) on Insurance Recoveries for Damaged Property, Plant and Equipment

Net (Gain) Loss on Asset Sales ( 3 ) ( 262 )

Operating Lease Expense 74 78

11 unchanged sentences

Capital Expenditures ( 175 ) ( 259 )

Insurance Recoveries for Damaged Property, Plant and Equipment — 48

Cash Proceeds from Sale and Leaseback Transactions (Note 5)

Asset Dispositions 1 720

Short Term Securities Redeemed — 2

Long Term Securities Redeemed 4 4

Notes Receivable 5 ( 28 )

Other Transactions — ( 29 )

5 unchanged sentences

Long Term Debt Paid ( 1,393 ) ( 5,627 )

Common Stock Issued ( 5 ) ( 3 )

Transactions with Minority Interests in Subsidiaries ( 4 ) ( 2 )

Debt Related Costs and Other Transactions 4 ( 46 )

Other Transactions 13 13

Total Cash Flows from Financing Activities

13 unchanged sentences

These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”).

Operating results for the three and nine months ended September 30, 2025 are not necessarily indicative of the results expected in subsequent quarters or for the year ending December 31, 2025.

Revision of Previously Issued Financial Statements

In preparing the consolidated financial statements for the quarter ended June 30, 2025, we identified errors in our previously issued financial statements related to our historical computation of currency remeasurement of our foreign operations in Turkey, which was designated as a highly inflationary economy beginning April 1, 2022.

Upon that designation, the operations and balance sheet in that country should be remeasured into our parent company reporting currency, with remeasurement gains and losses recognized in earnings to reflect the impact of currency translation on our financial results.

Our computation did not reflect the full inflationary impact.

The identified errors impacted our previously issued 2022, 2023 and 2024 annual and interim financial statements.

There were no impacts on previously reported cash flows from operating, investing and financing activities in any prior periods.

We evaluated the errors in accordance with SEC Staff Accounting Bulletin Nos.

99 and 108 and determined that the related impacts were not material in any previously issued annual or interim financial statements.

We revised the prior period amounts presented in these financial statements to correct the errors.

The applicable notes to the accompanying financial statements have also been corrected to reflect the impact of the revisions of the previously filed consolidated interim financial statements.

A summary of the revisions to the previously issued financial information is included in Note to the Consolidated Financial Statements No.16, Revision of Previously Issued Financial Statements.

Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results expected in subsequent quarters or for the year ending December 31, 2026.

Recently Issued Accounting Standards

On December 14, 2023, the Financial Accounting Standards Board ("FASB") issued a final Accounting Standards Update ("ASU") to improve income tax disclosures.

The new standard requires enhanced disclosures primarily related to existing rate reconciliation and income taxes paid information and improves the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and requiring income taxes paid to be disaggregated by jurisdiction.

It also includes certain amendments to improve the effectiveness of income tax disclosures.

The standards update is effective for annual periods beginning after December 15, 2024 and will expand our annual income tax disclosures, but will not affect our financial position, results of operations or cash flows.

On November 4, 2024, the FASB issued a final ASU to require disaggregated disclosure of income statement expenses.

On November 4, 2024, the Financial Accounting Standards Board ("FASB") issued a final Accounting Standards Update ("ASU") to require disaggregated disclosure of income statement expenses.

This new standard requires certain expense categories, including selling expenses, to be disaggregated in the notes to the consolidated financial statements.

10 unchanged sentences

Goodwill and intangible assets are written down to fair value if considered impaired.

Goodwill and Intangible Assets totaled $ 42 million and $ 670 million, respectively, at September 30, 2025, compared to $ 756 million and $ 805 million, respectively, at December 31, 2024.

The goodwill associated with the reporting unit in our Asia Pacific segment was $ 42 million at September 30, 2025.

The goodwill associated with the reporting units in our Americas and Asia Pacific segments was $ 715 million and $ 41 million, respectively, at December 31, 2024.

Goodwill associated with the reporting unit in our Americas segment was allocated to assets held for sale in the second quarter of 2025 in the amount of $ 41 million in connection with the anticipated sale of our polymer chemicals business, and the remaining $ 674 million was written off, resulting in a non-cash impairment charge during the third quarter of 2025.

We recorded an intangible asset impairment charge of $ 125 million in the third quarter of 2024 primarily related to our lower tier indefinite-lived intangible assets related to the acquisition of Cooper Tire.

In the third quarter of 2025, we experienced continued industry disruption in Americas, which resulted in a reduction in our near-term and long-term outlook.

We also experienced a decline in our market capitalization as a result of a decrease in our stock price.

Our stock price has a history of volatility;

however, given the decrease was sustained throughout the quarter, combined with the reduction in outlook, we viewed these events as triggering events for purposes of testing goodwill for impairment and performed a quantitative analysis of the fair value of the North America reporting unit in our Americas segment.

We determined the estimated fair value of our North America reporting unit based on discounted cash flow projections.

The most critical assumptions used in the calculation of the fair value of our North America reporting unit are the projected revenue, projected operating margin and discount rate.

Our forecast of future cash flows is based on our best estimate of projected revenue and projected operating margin, based primarily on pricing, raw material costs, market share, industry outlook and general economic conditions.

Based on our interim impairment test, the fair value of the North America reporting unit as of September 30, 2025 was less than its carrying value, resulting in full goodwill impairment and a non-cash charge of $ 674 million during the third quarter of 2025.

At September 30, 2025, after evaluating macroeconomic conditions and our current and future results of operations, including current results for our Asia Pacific business and brands associated with our indefinite-lived intangible assets, we concluded that there were no triggering events and it was not more likely than not that the fair values of our reporting unit within our Asia Pacific segment or our indefinite-lived intangible assets recorded within our Americas and Asia Pacific segments were less than their respective carrying values and, therefore, did not have any impairment of those assets.

Goodwill and Intangible Assets totaled $ 43 million and $ 658 million, respectively, at March 31, 2026, compared to $ 42 million and $ 663 million, respectively, at December 31, 2025.

All goodwill was associated with the reporting unit in our Asia Pacific segment at March 31, 2026 and December 31, 2025.

In the first quarter of 2026, macroeconomic factors and geopolitical events adversely impacted our results and contributed to a decline in our volume.

We considered the impact on the fair value of our goodwill reporting unit and our indefinite-lived intangible assets.

During this review, we considered the nature and extent of current market conditions, forecasts for reporting units and individual brands, as well as the quantitative analysis performed during our annual 2025 impairment test.

Based on our review of external and internal factors compared to our latest quantitative assessment, we determined it was not more likely than not that the fair value of our goodwill or indefinite-lived intangible assets is less than the respective carrying value, and thus, a triggering event had not occurred which would require an interim impairment test to be performed.

We will continue to monitor our results and market conditions to determine if a future analysis would be required.

Tariff Refunds

The International Emergency Economic Powers Act ("IEEPA") was used by President Trump to impose tariffs on imports.

On December 10, 2025, we filed a lawsuit in the U.S.

Court of International Trade challenging the IEPPA tariffs.

On February 20, 2026, the U.S.

Supreme Court ruled that IEEPA does not authorize the President to impose tariffs.

The Court of International Trade has ordered U.S.

Customs and Border Protection ("CBP") to begin refunding tariffs imposed under IEEPA.

On April 20, 2026, we submitted our claim for a refund of the IEPPA tariffs through the CBP portal established to process such claims.

We applied the loss recovery model and determined that the receipt of the refund of the previously paid IEEPA tariffs is probable.

We estimate the amount of the probable refund to be $ 60 million, of which $ 46 million was recognized as a reduction

to cost of goods sold, $ 12 million was applied as a reduction to tariffs that remained in inventory, and $ 2 million was accrued as an other liability associated with contractual terms.

Principles of Consolidation

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Depreciation of assets ceases upon designation as held for sale.

At September 30, 2025, Assets Held for Sale of $ 565 million, $ 468 million of which related to the sale of our Chemical business and $ 97 million of which related to the sale of the Dunlop brand, and Other Current Liabilities classified as held for sale of $ 150 million related to the sale of our Chemical business, were included in the Consolidated Balance Sheets.

At December 31, 2024, assets classified as held for sal e of $ 466 million and liabilities classified as held for sale of $ 51 million related to the sale of our off-the-road ("OTR") tire business were included within Assets Held for Sale and Other Current Liabilities, respectively, in the Consolidated Balance Sheets.

Refer to Note to the Consolidated Financial Statements No.

2, Divestitures, for additional information.

At March 31, 2026 and December 31, 2025, Assets Held for Sale of $ 6 million and $ 58 million, respectively, related to Dunlop tire inventory in Europe as a result of the sale of the Dunlop brand in 2025 were included in the Consolidated Balance Sheets.

Restricted Cash

The following table provides a reconciliation of Cash, Cash Equivalents and Restricted Cash as reported within the Consolidated Statements of Cash Flows:

September 30,

(In millions) 2026 2025

4 unchanged sentences

The restrictions lapse when cash from factored accounts receivable is remitted to the purchaser of those receivables.

Restricted cash at September 30, 2025 also includes amounts collected in connection with ongoing agreements related to the sale of our OTR tire business.

At both September 30, 2025 and 2024, restricted cash was recorded in Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheets.

Restricted cash at March 31, 2026 also includes amounts collected in connection with ongoing agreements related to the sale of our off-the-road ("OTR") tire business.

At both March 31, 2026 and 2025, restricted cash was recorded in Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheets.

Reclassifications and Adjustments

Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation.

Net losses on asset sales were $ 1 million and net gains were $ 1 million for the three months ended September 30, 2025 and 2024, respectively.

Net gains on asset sales were $ 700 million and $ 95 million for the nine months ended September 30, 2025 and 2024, respectively.

None of our divestitures meet the criteria for presentation as discontinued operations as they do not represent a strategic shift that will have a major effect on our operations or financial results.

On February 3, 2025, we completed the sale of our OTR tire business to The Yokohama Rubber Company, Limited (“Yokohama”) pursuant to the terms of the Share and Asset Purchase Agreement, dated as of July 22, 2024 (the “OTR Purchase Agreement”).

In conjunction with the sale of the OTR tire business, we entered into several ancillary agreements, including a trademark license agreement, whereby we license certain trademarks to Yokohama for an initial period of ten years from the date of the sale, a product supply agreement, pursuant to which we supply to Yokohama certain OTR tires for an initial period of up to five years , and a transition services agreement, pursuant to which we are providing certain support services for a period of up to eighteen months .

The activity related to these agreements is primarily recorded in Prepaid Expenses and Other Current Assets and Other Current Liabilities in the Consolidated Balance Sheets.

As a result of the transaction, considering the receipt of the purchase price of $ 905 million, subject to certain adjustments set forth in the OTR Purchase Agreement, amounts allocated to deferred income related to the trademark license agreement of $ 90 million, amounts allocated to deferred revenue related to the product supply agreement of $ 95 million, and transaction costs of $ 26 million, and based upon the net assets of the OTR tire business of $ 439 million, we recorded an estimated pre-tax gain of $ 255 million.

We estimated the fair value of the deferred income related to the trademark license agreement using the relief-from-royalty method, with the most critical assumptions based on projected revenue, royalty rate and discount rate.

We estimated the fair value of the deferred revenue related to the product supply agreement using a cost-plus-margin approach, with the most critical assumption based on projected cost of goods sold.

The pre-tax income from the assets sold included within the Consolidated Statements of Operations was $ 13 million for the three months ended September 30, 2024 and $ 48 million for the nine months ended September 30, 2024.

These amounts exclude any ongoing obligations related to the product supply agreement and transition services agreement, as well as any amortization of deferred revenue or income.

On May 7, 2025, we completed the sale of our rights to the Dunlop brand in Europe, North America and Oceania for consumer, commercial and other specialty tires, together with certain associated intellectual property and other intangible assets, for a purchase price of $ 526 million to Sumitomo Rubber Industries, Ltd.

("SRI") pursuant to the terms of the Purchase Agreement, dated as of January 7, 2025 (as amended, the "Dunlop Purchase Agreement").

SRI also paid us an up-front transition support fee of $ 105 million for our support in transitioning the Dunlop brand, related intellectual property and Dunlop customers to SRI.

SRI also acquired our existing Dunlop tire inventory for approximately $ 104 million.

We also entered into a number of ancillary agreements, including (a) a transition license agreement, pursuant to which we will continue to manufacture, sell and distribute Dunlop-branded consumer tires in Europe from the closing of the transaction until December 31, 2025, and during which we will pay SRI a royalty on such Dunlop sales;

(b) a transition offtake agreement, pursuant to which we will sell to SRI certain Dunlop-branded consumer tire products for a period of up to five years , commencing after termination or expiration of the transition license agreement;

and (c) we will license back the Dunlop brand from SRI for commercial tires in Europe on a long-term basis, subject to a royalty on sales.

As a result of the transaction, we received gross proceeds of $ 735 million at closing for the Dunlop brand, related intellectual property and other intangible assets, the transition support fee and the tire inventory.

We allocated $ 105 million of those proceeds related to the up-front transition support fee to deferred income, which will be recognized over the combined lives of the transition license and transition offtake agreements.

We also allocated $ 86 million of those proceeds to deferred income for tire inventory in Europe that will not transfer ownership until the termination of the transition license agreement.

We recognized an estimated pre-tax gain of $ 385 million based on the net assets sold of $ 133 million during the second quarter of 2025, net of transaction costs of $ 26 million.

Net gains on asset sales for the nine months ended September 30, 2025 also included a $ 55 million gain ($ 26 million after-tax and minority) related to the sale of property in Asia Pacific.

Net gains on asset sales for the nine months ended September 30, 2024 also included an $ 80 million gain related to the sale of a distribution center in Europe, Middle East and Africa ("EMEA") and a $ 14 million gain related to the sale-leaseback of a retail location in North America.

On October 31, 2025, we completed the $ 650 million sale of our polymer chemicals business (the “Chemical Business”) pursuant to the Asset Purchase Agreement (the “Chemical Purchase Agreement”) with G-3 Chickadee Purchaser, LLC, a Delaware limited liability company (the “Purchaser”).

At the closing, we received gross cash proceeds of approximately $ 580 million, which reflects working capital adjustments, including an adjustment for intercompany receivables.

The purchase price remains subject to customary post-closing adjustments as set forth in the Chemical Purchase Agreement.

The assets acquired and the liabilities assumed by the Purchaser are generally those primarily related to the Chemical Business, including our chemical plants in Houston, Texas and Beaumont, Texas and a research and development facility in Akron, Ohio.

In conjunction with the sale of the Chemical Business, we also entered into a number of ancillary agreements including (a) a master supply agreement, pursuant to which the Purchaser will, or will cause its affiliates to, supply to us certain polymer chemical products for a period of fifteen (15) years, (b) a transition services agreement, pursuant to which we will provide certain transition services to the Purchaser for the Chemical Business for a period of up to eighteen (18) months, and (c) a patent and know-how license agreement, pursuant to which the Purchaser will license back to us certain intellectual property related to the Chemical Business for use in connection with certain retained businesses.

As a result of the transaction, considering the purchase price and related adjustments, amounts allocated to deferred revenue and transaction costs, and based upon the net assets of the Chemical Business as of September 30, 2025, we estimate we will record a pre-tax gain of approximately $ 135 million during the fourth quarter of 2025.

The following tables show disaggregated net sales from contracts with customers by major source:

Three Months Ended September 30, 2025

(In millions) Americas Europe, Middle East

and Africa Asia Pacific Total

Tire unit sales $ 2,209 $ 1,222 $ 474 $ 3,905

Other tire and related sales 205 148 25 378

Retail services and service related sales 199 37 — 236

Chemical sales 121 — — 121

Other 3 — 2 5

Net Sales by reportable segment $ 2,737 $ 1,407 $ 501 $ 4,645

Three Months Ended September 30, 2024

(In millions) Americas Europe, Middle East

and Africa Asia Pacific Total

Tire unit sales $ 2,319 $ 1,191 $ 584 $ 4,094

Other tire and related sales 197 125 30 352

Retail services and service related sales 203 32 4 239

Chemical sales 133 — — 133

Other 6 — — 6

Net Sales by reportable segment $ 2,858 $ 1,348 $ 618 $ 4,824

Nine Months Ended September 30, 2025

Three Months Ended March 31, 2026

(In millions) Americas Europe, Middle East

6 unchanged sentences

Net Sales by reportable segment $ 2,063 $ 1,363 $ 455 $ 3,881

Nine Months Ended September 30, 2024

Three Months Ended March 31, 2025

(In millions) Americas Europe, Middle East

7 unchanged sentences

Tire unit sales consist of consumer, commercial, farm and OTR tire sales, including the sale of new Company-branded tires through Company-owned retail channels.

OTR tire sales in 2025 primarily consist of tires sold to Yokohama pursuant to our product supply agreement.

OTR tire sales primarily consist of tires sold to The Yokohama Rubber Company, Limited (“Yokohama”), pursuant to the product supply agreement related to the sale of our OTR tire business.

Other tire and related sales consist of aviation, race and motorcycle tire sales, retread sales and other tire related sales.

4 unchanged sentences

When we receive consideration from a customer prior to transferring goods or services under the terms of a sales contract, we record deferred revenue, which represents a contract liability.

Deferred revenue included in Other Current Liabilities in the Consolidated Balance Sheets totaled $ 45 million and $ 13 million at September 30, 2025 and December 31, 2024, respectively.

Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $ 79 million and $ 6 million at September 30, 2025 and December 31, 2024, respectively.

Deferred revenue included in Other Current Liabilities in the Consolidated Balance Sheets totaled $ 33 million and $ 34 million at March 31, 2026 and December 31, 2025, respectively.

Deferred revenue included in Other Long Term Liabilities in the Consolidated Balance Sheets totaled $ 71 million and $ 76 million at March 31, 2026 and December 31, 2025, respectively.

We recognize deferred revenue after we have transferred control of the goods or services to the customer and all revenue recognition criteria are met.

Revenue deferred during the three and nine months ended September 30, 2025 primarily relates to the product supply agreement we entered into in connection with the sale of our OTR tire business.

The following table presents the balance of deferred revenue related to contracts with customers, and changes during the nine months ended September 30, 2025:

Revenue deferred during the three months ended March 31, 2026 primarily relates to the product supply agreement we entered into with Yokohama in connection with the sale of our OTR tire business.

The following table presents the balance of deferred revenue related to contracts with customers, and changes during the three months ended March 31, 2026:

(In millions)

3 unchanged sentences

Impact of foreign currency translation —

Balance at September 30, 2025 $ 124

Balance at March 31, 2026 $ 104

COSTS ASSOCIATED WITH RATIONALIZATION PROGRAMS

In order to improve our global competitiveness and as part of our execution of the Goodyear Forward transformation plan ("Goodyear Forward"), we have implemented, and are implementing, rationalization actions to reduce high-cost and excess manufacturing capacity and operating and administrative costs.

In order to improve our global competitiveness, we have implemented, and are implementing, rationalization actions to reduce high-cost and excess manufacturing capacity and operating and administrative costs.

The following table presents a roll-forward of the liability balance between periods:

2 unchanged sentences

Balance at December 31, 2025 $ 194 $ 1 $ 195

2025 Charges (1)

Incurred, net of foreign currency translation of ($ 3 ) million and $ 0 million, respectively

1 unchanged sentence

Reversed to the Statement of Operations ( 3 ) — ( 3 )

Balance at September 30, 2025 $ 318 $ — $ 318

(1) Charges of $ 171 million exclude $ 4 million of benefit plan termination benefit charges recorded in Rationalizations in the Statement of Operations

During the second quarter of 2025, we approved a plan to close our manufacturing facility in Kariega, South Africa in the EMEA business unit in the third quarter of 2025.

The plan includes approximately 900 job reductions, including associates and contracted positions.

The total charges associated with this action are expected to be between $ 100 million and $ 110 million, of which $ 45 million to $ 55 million are expected to be cash charges primarily for associate-related and other exit costs and the remaining costs are expected to be non-cash charges primarily for accelerated depreciation and other asset-related charges.

We have accrued approximately $ 6 million for this plan at September 30, 2025.

During the first quarter of 2025, we approved a rationalization plan to eliminate our production of commercial tires in our Danville, Virginia tire manufacturing facility ("Danville") in order to reduce our production cost per tire in Americas.

The plan includes approximately 950 job reductions, including associates and contracted positions.

We expect to substantially complete this rationalization plan by the end of 2025.

Total pre-tax charges are expected to be between $ 150 million and $ 160 million, of which $ 70 million to $ 80 million are expected to be cash charges primarily for associate-related and other exit costs and the remaining costs are expected to be non-cash charges primarily for accelerated depreciation, pension termination benefit charges and other asset-related charges.

We have accrued approximately $ 16 million for this plan at September 30, 2025.

During the first quarter of 2025, we approved a plan to reduce Selling, Administrative and General expenses (“SAG”) headcount in Americas and Corporate.

Balance at March 31, 2026 $ 210 $ 3 $ 213

During the first quarter of 2026, we approved a rationalization plan in Europe, Middle East and Africa (“EMEA”) to improve its cost structure as part of actions we expect to take in order to streamline its sales and distribution model and simplify business processes.

The plan includes approximately 400 net headcount reductions.

Total estimated pre-tax charges are expected to be approximately $ 6 million.

We have accrued approximately $ 1 million for this plan at September 30, 2025.

The remainder of the accrual balance at September 30, 2025 includes $ 214 million related to the closures of our Fulda, Germany ("Fulda") and our Fürstenwalde, Germany ("Fürstenwalde") tire manufacturing facilities, $ 52 million related to a rationalization and workforce reorganization plan in EMEA, which reflects $ 10 million of reversals due to voluntary attrition,

$ 6 million related to the plan to open a shared service center in Costa Rica and to exit certain Commercial Tire and Service Center locations, $ 5 million related to the closed Amiens, France tire manufacturing facility, $ 4 million related to a global workforce reorganization plan to improve our cost structure, $ 2 million related to plans to reduce SAG headcount, $ 2 million related to the closure of Cooper Tire's Melksham, United Kingdom tire manufacturing facility ("Melksham"), and various other plans to reduce headcount and improve operating efficiency.

At September 30, 2025 and December 31, 2024, $ 248 million and $ 296 million were recorded in Other Current Liabilities in the Consolidated Balance Sheets, respectively.

In certain countries, relevant portions of the rationalization plan remain subject to consultation with employee representative bodies.

Total pre-tax charges are expected to be between $ 100 million and $ 110 million, of which $ 75 million to $ 85 million are expected to be cash charges primarily for

associate-related and other exit costs.

We expect these actions to be substantially complete in 2028.

We have accrued approximately $ 70 million for this plan at March 31, 2026.

During the first quarter of 2026, we approved a plan to reduce Selling, Administrative and General Expense ("SAG") headcount globally.

The plan includes approximately 100 net headcount reductions.

The total pre-tax charges associated with these actions are expected to be approximately $ 10 million, primarily for associate-related and other exit costs.

We have accrued approximately $ 9 million for this plan at March 31, 2026.

During the first quarter of 2026, we approved a plan in Americas to consolidate mold operations and close the Tall Timbers mold plant in Findlay, Ohio ("Tall Timbers").

The plan includes approximately 100 net headcount reductions.

The total pre-tax charges associated with these actions are expected to be approximately $ 13 million, primarily for associate-related and other exit costs.

We have accrued approximately $ 3 million for this plan at March 31, 2026.

The remainder of the accrual balance at March 31, 2026 includes $ 72 million related to the closures of our Fulda, Germany ("Fulda") and our Fürstenwalde, Germany ("Fürstenwalde") tire manufacturing facilities, $ 19 million related to a rationalization and workforce reorganization plan in EMEA, $ 10 million for the plan to eliminate commercial tire production at our Danville, Virginia ("Danville") tire manufacturing facility, $ 10 million related to the plan to reduce headcount in our Fayetteville, North Carolina ("Fayetteville") tire manufacturing facility, $ 5 million related to the closed Amiens, France tire manufacturing facility, $ 4 million related to a global workforce reorganization plan to improve our cost structure, and $ 2 million related to the closure of our Kariega, South Africa tire manufacturing facility.

At March 31, 2026 and December 31, 2025, $ 100 million and $ 131 million were recorded in Other Current Liabilities in the Consolidated Balance Sheets, respectively.

The following table shows net rationalization charges included in Income (Loss) before Income Taxes:

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

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Asset write-offs (recoveries), accelerated depreciation, and accelerated lease costs, net $ 16 $ 46

Substantially all of the new charges for the three and nine months ended September 30, 2025 and 2024 relate to future cash outflows.

Net current year plan charges for the three and nine months ended September 30, 2025 primarily relate to the plans approved during the first and second quarter of 2025 described above.

Net current year plan charges for the nine months ended September 30, 2025 also include a $ 4 million termination benefits charge for one of our defined benefit pension plans related to headcount reductions at Danville.

Net current year plan charges for the three months ended September 30, 2024 primarily relate to the plans to reduce SAG and manufacturing headcount.

Net current year plan charges for the nine months ended September 30, 2024 also include the plan to open the shared service center in Costa Rica and the closure of our tire manufacturing facility in Malaysia.

Net prior year plan charges for the three months ended September 30, 2025 include $ 14 million related to the closures of Fulda and Fürstenwalde, $ 2 million related to plans to reduce SAG headcount, $ 1 million related to the closure of Melksham, $ 1 million related to our closure of certain retail and warehouse locations in Americas, and reversals of $ 5 million primarily related to voluntary attrition.

Net prior year plan charges for the nine months ended September 30, 2025 include $ 44 million related to the closures of Fulda and Fürstenwalde, $ 7 million related to the rationalization and workforce reorganization plan in EMEA, $ 5 million related to plans to reduce SAG headcount, $ 3 million related to the closure of Melksham, $ 3 million related to our closure of certain retail and warehouse locations in Americas, and reversals of $ 14 million primarily related to voluntary attrition.

Net prior year plan charges for the three months ended September 30, 2024 include $ 7 million related to the closures of Fulda and Fürstenwalde, $ 4 million related to the workforce reorganization plan in EMEA, $ 2 million related to the closure of Melksham, $ 1 million related to our closure of certain retail and warehouse locations in Americas, $ 1 million related to plans to reduce SAG headcount, $ 1 million related to the permanent closure of our Gadsden, Alabama tire manufacturing facility ("Gadsden"), and reversals of $ 12 million primarily related to voluntary attrition.

Net prior year plan charges for the nine months ended September 30, 2024 include $ 15 million related to the closures of Fulda and Fürstenwalde, $ 9 million related to the closure of Melksham, $ 4 million related to the workforce reorganization plan in EMEA, $ 3 million related to a plan in Australia and New Zealand, $ 3 million related to the permanent closure of Gadsden, $ 3 million related to our closure of certain retail and warehouse locations in Americas, $ 2 million related to plans to reduce SAG headcount, $ 2 million related to the plan to streamline our EMEA distribution network, $ 1 million related to a plan in South Africa, $ 1 million related to the integration of Cooper Tire, and reversals of $ 25 million related to voluntary attrition.

Asset write-offs (recoveries), accelerated depreciation, and accelerated lease costs for both the three and nine months ended September 30, 2025 primarily relate to the announced closures of Fulda and Fürstenwalde, the proposed plan to close our manufacturing facility in South Africa, and the plan to reduce our production capacity at Danville.

Asset write-offs (recoveries), accelerated depreciation, and accelerated lease costs for both the three and nine months ended September 30, 2024 primarily relate to plans to improve our cost structure through announced closures of our Fulda, Fürstenwalde and Malaysia tire manufacturing facilities, as well as the closure of a development center and warehouse in the U.S.

Substantially all of the new charges for the three months ended March 31, 2026 and 2025 relate to future cash outflows.

Net current year plan charges for the three months ended March 31, 2026 primarily relate to the plans approved during the first quarter of 2026 described above.

Net current year plan charges for the three months ended March 31, 2025 primarily relate to the elimination of commercial tire production at Danville.

Net prior year plan charges for the three months ended March 31, 2026 and 2025 primarily relate to the closures of Fulda and Fürstenwalde.

Asset write-offs (recoveries), accelerated depreciation, and accelerated lease costs for the three months ended March 31, 2026 primarily relate to the announced closures of the Tall Timbers mold plant as well as Fulda and Fürstenwalde.

Asset write-offs (recoveries) and accelerated depreciation for the three months ended March 31, 2025 primarily relate to the closures of Fulda and Fürstenwalde, as well as the plan to eliminate commercial tire production at Danville.

Ongoing rationalization plans had approximately $ 950 million in charges incurred prior to 2026 and have approximately $ 100 million in expected charges to be incurred in future periods.

Approximately 1,900 associates will be released under plans initiated in 2025, of which approximately 1,650 were released through September 30, 2025.

In the first nine months of 2025, approximately 1,650 associates were released under plans initiated in prior years.

Approximately 600 associates will be released under plans initiated in 2026, of which approximately 200 were released through March 31, 2026.

In the first three months of 2026, approximately 200 associates were released under plans initiated in prior years.

Approximately 1,200 associates remain to be released under all ongoing rationalization plans.

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Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

Non-service related pension and other postretirement benefits cost

$ 90 $ 22 $ 139 $ 72

Financing fees and financial instruments expense

1 unchanged sentence

Interest income

( 9 ) ( 14 ) ( 27 ) ( 41 )

General and product liability expense - discontinued products

1 unchanged sentence

( 21 ) ( 11 )

Miscellaneous expense

$ 91 $ 36 $ 147 $ 95

Miscellaneous (income) expense

Non-service related pension and other postretirement benefits cost consists primarily of the interest cost, expected return on plan assets and amortization components of net periodic cost, as well as curtailments and settlements which are not related to rationalization plans.

Pension expense for the three and nine months ended September 30, 2025 includes pension settlement charges of $ 68 million and $ 72 million, respectively, resulting from total lump sum payments exceeding annual service and interest cost of the applicable plans.

Pension expense for the nine months ended September 30, 2024 includes a pension settlement credit of $ 5 million related to a premium refund on the purchase of a group annuity contract for the Cooper Tire U.S.

salaried defined benefit pension plan in 2023.

Pension expense for the three months ended March 31, 2025 includes a pension settlement charge of $ 4 million resulting from total lump sum payments exceeding annual service and interest cost of the applicable plan.

For further information, refer to Note to the Consolidated Financial Statements No.

10, Pension, Savings and Other Postretirement Benefit Plans.

Net foreign currency exchange (gains) losses for the three and nine months ended September 30, 2025 includes a $ 5 million loss and a $ 17 million loss, respectively, related to the Turkish lira and a $ 1 million gain and a $ 5 million gain, respectively, related to the euro.

Net foreign currency exchange (gains) losses for the three months ended September 30, 2024 includes a $ 5 million loss related to the Turkish lira and a $ 3 million loss related to the euro.

Net foreign currency exchange (gains) losses for the nine months ended September 30, 2024 includes a $ 7 million loss related to the Turkish lira and a $ 2 million gain related to the euro.

Royalty and other income for the three and nine months ended September 30, 2025 includes $ 4 million and $ 17 million, respectively, primarily related to royalty income, and $ 13 million and $ 26 million, respectively, related to OTR transition license agreement royalty income and transition services income related to the sales of the OTR tire business and the Dunlop brand.

Royalty and other income for the three and nine months ended September 30, 2024 is primarily related to royalty income.

Miscellaneous expense for the three and nine months ended September 30, 2025 includes transaction costs of $ 4 million and $ 7 million, respectively, primarily related to the sale of the Chemical Business.

Miscellaneous expense for the three and nine months ended September 30, 2024 includes $ 11 million of transaction costs related to the sale of the OTR business.

Miscellaneous (income) expense for the nine months ended September 30, 2024 also includes an $ 8 million loss related to the sale of receivables in Argentina.

Net foreign currency exchange gains for the three months ended March 31, 2026 and 2025 include a $ 5 million gain and a $ 4 million gain, respectively, related to the euro.

Royalty and other income for the three months ended March 31, 2026 includes $ 15 million related to royalty income from the OTR and Chemical business license agreements and transition services income related to the sales of the OTR tire business, the Dunlop brand and the Chemical business.

Royalty and other income for the three months ended March 31, 2025 includes $ 5 million related to royalty income from the OTR business license agreement and transition services income related to the sale of the OTR tire business.

Other (Income) Expense also includes financing fees and financial instruments expense, which consists of commitment fees and charges incurred in connection with financing transactions;

interest income;

and general and product liability expense - discontinued products, which consists of charges for claims against us related primarily to asbestos personal injury claims, net of probable insurance recoveries.

For the third quarter of 2025, we recorded income tax expense of $ 1,464 million on loss before income taxes of $ 733 million.

For the first nine months of 2025, we recorded income tax expense of $ 1,501 million on loss before income taxes of $ 297 million.

Income tax expense for the three and nine months ended September 30, 2025 includes net discrete tax expense of $ 1,450 million and $ 1,446 million, respectively.

Discrete tax expense for both periods was primarily related to the establishment of a full valuation allowance on our net deferred tax assets in the U.S.

For the third quarter of 2024, we recorded income tax expense of $ 9 million on loss before income taxes of $ 27 million.

For the first nine months of 2024, we recorded income tax expense of $ 75 million on income before income taxes of $ 42 million.

Income tax expense for the three and nine months ended September 30, 2024 includes net discrete tax expense of $ 7 million and $ 6 million, respectively.

general and product liability expense - discontinued products, which consists of charges for claims against us related primarily to asbestos personal injury claims, net of probable insurance recoveries;

and miscellaneous (income) expense .

For the first quarter of 2026, we recorded income tax expense of $ 66 million on a loss before income taxes of $ 180 million.

Income tax expense for the three months ended March 31, 2026 includes net discrete tax expense of $ 21 million, primarily related to an expected settlement of a prior year tax matter in one of our foreign locations.

For the first quarter of 2025, we recorded income tax expense of $ 13 million on income before income taxes of $ 131 million.

We record taxes based on overall estimated annual effective tax rates.

The difference between our effective tax rate and the U.S.

statutory rate of 21 % for the three and nine months ended September 30, 2025 is mainly impacted by the establishment of a full valuation allowance on our net deferred tax assets of $ 1.4 billion in the U.S.

statutory rate of 21 % for the three months ended March 31, 2026 primarily relates to losses in the U.S.

and foreign jurisdictions in which no tax benefits are recorded and the discrete item noted above.

The difference between our effective tax rate and the U.S.

statutory rate of 21 % for the three and nine months ended September 30, 2024 primarily relates to losses in foreign jurisdictions in which no tax benefits are recorded and the discrete items noted above.

statutory rate of 21 % for the three months ended March 31, 2025 was favorably impacted by gains recognized as a result of the sale of the OTR tire business in foreign jurisdictions where no taxes are recorded, net of losses in foreign jurisdictions in which no tax benefits are recorded.

We consider both positive and negative evidence when measuring the need for a valuation allowance.

5 unchanged sentences

A valuation allowance is not required to the extent that, in our judgment, positive evidence exists with a magnitude and duration sufficient to result in a conclusion that it is more likely than not that our deferred tax assets will be realized.

In the U.S., we have a cumulative loss for the three-year period ending September 30, 2025 primarily driven by non-recurring items such as goodwill and intangible asset impairments, rationalization charges, pension curtailments and settlements, and one-time costs associated with the Goodyear Forward plan.

For the quarter ended September 30, 2025, due to industry disruption and various macroeconomic factors such as the impact of tariff, transportation, labor and energy costs, our U.S.

operating results and future forecasted U.S.

earnings have declined.

In addition, the One Big Beautiful Bill Act ("OBBBA") was enacted in the third quarter, which reinstates the business interest expense limitation.

The reduction in current and expected future earnings in the third quarter, as a result of industry disruption, represents significant negative evidence in the assessment of the realizability of our deferred tax assets.

We concluded that as of September 30, 2025, it is more likely than not that our U.S.

net deferred tax assets will not be fully realized and recorded a non-cash charge of $ 1.4 billion to establish a full valuation allowance in the U.S.

We intend to maintain a valuation allowance until sufficient positive evidence exists to support realization of these deferred tax assets.

At September 30, 2025 and December 31, 2024, we had approximately $ 1.4 billion and $ 1.3 billion, respectively, of U.S.

federal, state and local net deferred tax assets, and related valuation allowances totaling $ 1.4 billion and $ 26 million, respectively.

As of September 30, 2025, approximately $ 1.2 billion of these U.S.

net deferred tax assets had unlimited lives and approximately $ 200 million had limited lives, and the majority do not start to expire until 2030.

As of December 31, 2024, approximately $ 1.1 billion of these U.S.

net deferred tax assets had unlimited lives and approximately $ 200 million had limited lives, and the majority do not start to expire until 2030.

At September 30, 2025 and December 31, 2024, we also had approximately $ 1.6 billion and $ 1.5 billion, respectively, of foreign net deferred tax assets and related valuation allowances of approximately $ 1.3 billion and $ 1.2 billion, respectively.

Our losses in various foreign taxing jurisdictions in recent periods represented sufficient negative evidence to require us to maintain a full valuation allowance against certain of these net foreign deferred tax assets.

Most notably, in Luxembourg, we maintain a valuation allowance of approximately $ 1.1 billion on all of our net deferred tax assets.

At March 31, 2026 and December 31, 2025, we had approximately $ 1.5 billion and $ 1.4 billion, respectively, of U.S.

federal, state and local net deferred tax assets and related valuation allowances totaling $ 1.5 billion and $ 1.4 billion, respectively.

both March 31, 2026 and December 31, 2025, we also had foreign net deferred tax assets of approximately $ 1.5 billion and related valuation allowances of approximately $ 1.3 billion.

Our foreign valuation allowances include a $ 1.1 billion full valuation allowance on our net deferred tax assets in Luxembourg.

Our losses in the U.S.

and various foreign taxing jurisdictions in recent periods represented sufficient negative evidence to require us to maintain a full valuation allowance against certain of these net deferred tax assets.

Each reporting period, we assess available positive and negative evidence and estimate if sufficient future taxable income will be generated to utilize these existing deferred tax assets.

We do not believe that sufficient positive evidence required to release valuation allowances on our foreign deferred tax assets having a significant impact on our financial position or results of operations will exist within the next twelve months.

On July 4, 2025, OBBBA was enacted in the U.S.

The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework, and the restoration of tax treatment for certain business provisions.

We do not expect a material impact from OBBBA on our 2025 operating tax rates.

We will continue to assess the impact on us as regulations develop in the future.

We do not believe that sufficient positive evidence required to release valuation allowances on our U.S.

and foreign deferred tax assets will exist within the next twelve months.

The Organisation for Economic Co-operation and Development ("OECD") have published the Pillar Two model rules which adopt a global corporate minimum tax of 15% for multinational enterprises with average revenue in excess of €750 million.

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We do not expect the Pillar Two model rules to materially impact our annual effective tax rate i n 2026.

However, we are continuing to evaluate the Pillar Two model rules and related legislation and their potential impact on future periods.

For the nine months ended September 30, 2025, changes to our unrecognized tax benefits did not , and for the full year of 2025 are not expected to, have a significant impact on our financial position or results of operations.

However, we are continuing to evaluate the Pillar Two model rules and related developments, including the side-by-side safe harbor package for U.S.-based multinationals, and their potential impact on future periods.

We are open to examination in the United States from 2021 onward and in Germany from 2018 onward.

3 unchanged sentences

The federal tax charge related to that income recognition was fully offset by the utilization of $ 315 million of then-existing deferred tax assets, including tax loss carryforwards and foreign tax credits.

We disagree with the IRS’s position as stated in the NOPA and plan to challenge the proposed adjustments through the established IRS administrative procedures.

Based on the information currently available, we believe that it is more likely than not that our tax position will be sustained upon review;

therefore, no changes have been made to our reserve for uncertain tax positions relating to the NOPA.

In addition, our U.S.

deferred tax assets are in a full valuation allowance as of September 30, 2025.

The ultimate resolution of this matter is uncertain, and if the income recognition associated with the transaction is disallowed, we will not be able to use a portion of the deferred tax assets that we utilized to offset the related federal taxes.

We disagree with the IRS’s position as stated in the NOPA.

We are currently challenging the proposed adjustment through the established IRS administrative procedures and are engaging in settlement discussions with the IRS.

If the income recognition associated with the transaction is disallowed in full or in part, we will not be able to use a portion of the deferred tax assets that we utilized to offset the related federal taxes and we will need to write-off those deferred tax assets.

However, since our U.S.

deferred tax assets are in a full valuation allowance as of March 31, 2026, any such write-off of deferred tax assets would not have a material impact on our results of operations.

EARNINGS PER SHARE

3 unchanged sentences

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions, except per share amounts) 2026 2025

Loss per share — basic:

Earnings (loss) per share — basic:

Goodyear net income (loss) $ ( 249 ) $ 115

Weighted average shares outstanding 288 287

Loss per common share — basic

Earnings (loss) per common share — basic

$ ( 0.86 ) $ 0.40

Loss per share — diluted:

Earnings (loss) per share — diluted:

Goodyear net income (loss) $ ( 249 ) $ 115

2 unchanged sentences

Weighted average shares outstanding — diluted 288 289

Loss per common share — diluted

Earnings (loss) per common share — diluted

$ ( 0.86 ) $ 0.40

Weighted average shares outstanding — diluted for both the three and nine months ended September 30, 2025 excludes the dilutive effect of approximately 2 million equivalent shares, and, for both the three and nine months ended September 30, 2024, excludes the dilutive effect of approximately 1 million equivalent shares and 2 million equivalent shares, respectively, related primarily to options with exercise prices less than the average market price of our common shares (i.e., "in-the-money" options) and unvested restricted stock units, as their inclusion would have been anti-dilutive due to the Goodyear net loss.

Additionally, weighted average shares outstanding — diluted for both the three and nine months ended September 30, 2025 excludes approximately 3 million equivalent shares, and, for both the three and nine months ended September 30, 2024, excludes approximately 4 million equivalent shares and 1 million equivalent shares, respectively, related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options).

Weighted average shares outstanding — diluted for the three months ended March 31, 2026 and 2025 excludes approximately 2 million and 3 million equivalent shares, respectively, related to options with exercise prices greater than the average market price of our common shares (i.e., "underwater" options).

Additionally, weighted average shares outstanding — diluted for the three months ended March 31, 2026 excludes the dilutive effect of approximately 2 million equivalent shares, related primarily

to unvested restricted stock units and options with exercise prices less than the average market price of our common shares (i.e., "in-the-money" options), as their inclusion would have been anti-dilutive due to the Goodyear net loss.

BUSINESS SEGMENTS

Segment information reflects our strategic business units (“SBUs”), which are organized to meet customer requirements and global competition.

For the three months ended March 31, 2026, we operated our business through operating segments representing our regional tire businesses:

Europe, Middle East and Africa;

and Asia Pacific.

Segment information is reported on the basis used for reporting to our Chief Executive Officer.

Each of the SBUs is involved in the development, manufacture, distribution and sale of tires.

Certain of the SBUs also provide related products and services, which include retreads and automotive and commercial truck maintenance and repair services.

Results of operations are measured based on net sales to unaffiliated customers and segment operating income.

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The CODM considers budget-to-actual variances on a monthly basis for the profit measure when making decisions about allocating capital and personnel to the segments.

The CODM also uses segment operating income or loss for evaluating product pricing and to assess the performance for each segment by comparing the results and return on assets of each segment with one another and in the compensation of certain employees.

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

Three Months Ended September 30, 2025

(In millions) Americas Europe, Middle East and Africa Asia Pacific Total

Net Sales $ 2,737 $ 1,407 $ 501 $ 4,645

Cost of Goods Sold 2,187 1,176 384 3,747

Selling, Administrative and General Expense 350 209 67 626

Other (income) (1)

( 6 ) ( 8 ) ( 1 ) ( 15 )

Segment Operating Income

$ 206 $ 30 $ 51 $ 287

Goodwill Impairment

Rationalizations (Note 4)

Interest expense

Other (income) expense (Note 5)

Net (gains) losses on asset sales 1

Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)

Corporate incentive compensation plans 8

Retained expenses of divested operations 5

Loss before Income Taxes

(1) Primarily represents OTR transition license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand.

(2) Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the strategic business units (“SBUs”).

Three Months Ended September 30, 2024

(In millions) Americas Europe, Middle East and Africa Asia Pacific Total

Net Sales $ 2,858 $ 1,348 $ 618 $ 4,824

Cost of Goods Sold 2,274 1,123 472 3,869

Selling, Administrative and General Expense 336 202 74 612

Other (income) (1)

( 3 ) — — ( 3 )

Segment Operating Income

$ 251 $ 23 $ 72 $ 346

Intangible Asset Impairment

Rationalizations (Note 4)

Interest expense

Other (income) expense (Note 5) 36

Net (gains) losses on asset sales ( 1 )

Asset write-offs, accelerated depreciation and accelerated lease costs, net (Note 4)

Corporate incentive compensation plans 14

Retained expenses of divested operations 3

Loss before Income Taxes $ ( 27 )

(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 $ 14 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.

Nine Months Ended September 30, 2025

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

Three Months Ended March 31, 2026

(In millions) Americas Europe, Middle East and Africa Asia Pacific Total

2 unchanged sentences

Selling, Administrative and General Expense 343 221 62 626

Other (income) (1)

Other (income) expense (1)

( 9 ) ( 8 ) ( 2 ) ( 19 )

1 unchanged sentence

$ 37 $ 1 $ 57 $ 95

Goodwill Impairment

Rationalizations (Note 3)

5 unchanged sentences

Retained expenses of divested operations 3

Loss before Income Taxes

(1) Primarily represents OTR transition license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business and the Dunlop brand.

Income (Loss) before Income Taxes $ ( 180 )

(1) Primarily represents OTR and Chemical business license agreement royalty income, in addition to transition services income related to the sales of the OTR tire business, the Dunlop brand and the Chemical business.

(2) Primarily represents unallocated corporate costs and the elimination of royalty and other income attributable to the SBUs.

Nine Months Ended September 30, 2024

Three Months Ended March 31, 2025

(In millions) Americas Europe, Middle East and Africa Asia Pacific Total

2 unchanged sentences

Selling, Administrative and General Expense 331 203 62 596

Other (income) (1)

Other (income) expense (1)

( 7 ) ( 3 ) ( 1 ) ( 11 )

Segment Operating Income

Segment Operating Income (Loss)

$ 155 $ ( 5 ) $ 45 $ 195

Intangible Asset Impairment

Rationalizations (Note 3)

5 unchanged sentences

Retained expenses of divested operations 5

Income before Income Taxes

(1) Primarily represents royalty income attributable to the SBUs.

Income (Loss) before Income Taxes $ 131

(1) Primarily represents royalty income attributable to the SBUs, including royalty income related to the sale of the OTR tire business.

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

Other also includes $ 81 million of costs related to the Goodyear Forward plan, primarily related to third-party consulting fees.

The following table presents segment assets at:

(In millions) September 30,

The following table presents segment assets:

(In millions) March 31,

2026 December 31,

5 unchanged sentences

$ 18,469 $ 18,208

(1) Corporate includes substantially all of our U.S.

net deferred tax assets.

The following table presents geographic information.

1 unchanged sentence

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 net sales, only the United States and Luxembourg were considered to be significant.

For long-lived assets, only the United States and China were considered to be significant.

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

United States $ 1,651 $ 2,052

International 2,383 2,451 6,815 7,270

Luxembourg 454 311

Other International 1,776 1,890

$ 3,881 $ 4,253

(In millions) September 30,

(In millions) March 31,

2026 December 31,

4 unchanged sentences

$ 7,689 $ 7,843

Goodwill and intangible asset impairment, as described in Notes to the Consolidated Financial Statements No.

1, Accounting Policies;

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.

2, Divestitures;

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:

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2025 2024 2025 2024

Goodwill and Intangible Asset Impairment

Americas $ 674 $ 125 $ 674 $ 125

Total Segment Goodwill and Intangible Asset Impairment $ 674 $ 125 $ 674 $ 125

net (gains) losses on asset sales, and asset write-offs, accelerated depreciation and accelerated lease costs were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

5 unchanged sentences

Corporate 7 6

$ 21 $ 11 $ 161 $ 52

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

2 unchanged sentences

Europe, Middle East and Africa ( 1 ) ( 1 )

Asia Pacific — ( 1 ) ( 55 ) ( 1 )

Total Segment (Gains) Losses on Asset Sales $ ( 1 ) $ ( 2 )

2 unchanged sentences

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

4 unchanged sentences

Total Segment Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net $ 16 $ 46

Corporate — — — 21

$ 55 $ 25 $ 142 $ 119

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

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

5 unchanged sentences

Corporate 11 3

$ 183 $ 278 $ 649 $ 912

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

5 unchanged sentences

Corporate 10 9

$ 269 $ 254 $ 813 $ 800

The following table presents segment equity in the net (income) loss of investees accounted for by the equity method:

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

1 unchanged sentence

Americas $ 16 $ 18

Europe, Middle East and Africa — — ( 1 ) ( 1 )

Asia Pacific ( 3 ) ( 3 )

Total Segment Equity in (Income) Loss

$ ( 2 ) $ 2 $ 16 $ 16

FINANCING ARRANGEMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS

At September 30, 2025, we had total credit arrangements of $ 10,545 million, of which $ 2,547 million were unused.

At March 31, 2026, we had total credit arrangements of $ 9,842 million, of which $ 2,975 million were unused.

At that date, approximately 29 % of our debt was at variable interest rates averaging 5.98 %.

Notes Payable and Overdrafts, Long Term Debt and Finance Leases due Within One Year and Short Term Financing Arrangements

At September 30, 2025, we had short term committed and uncommitted credit arrangements totaling $ 839 million, of which $ 228 million were unused.

At March 31, 2026, we had short term committed and uncommitted credit arrangements totaling $ 790 million, of which $ 289 million were unused.

These arrangements are available primarily to certain of our foreign subsidiaries through various banks at quoted market interest rates.

The following table presents amounts due within one year:

(In millions) September 30,

(In millions) March 31,

2026 December 31,

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Weighted average interest rate 7.49 % 7.62 %

Chinese credit facilities $ 85 $ 81

4.875 % Notes due 2027

7.625 % Notes due 2027

Chinese credit facilities 93 48

Mexican credit facility 200 200

Other foreign and domestic debt (including finance leases) 113 116

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Long Term Debt and Finance Leases and Financing Arrangements

At September 30, 2025, we had long term credit arrangements totaling $ 9,706 million, of which $ 2,319 million were unused.

At March 31, 2026, we had long term credit arrangements totaling $ 9,052 million, of which $ 2,686 million were unused.

The following table presents long term debt and finance leases, net of unamortized discounts, and interest rates:

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

(In millions) Amount Interest

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7.625 % due 2027

2.75 % Euro Notes due 2028

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(1) Interest rates are weighted average interest rates primarily related to various foreign credit facilities with customary terms and conditions.

(2) Includes $ 1 million of non-cash financing additions during the nine months ended September 30, 2025, and $ 2 million of non-cash financing additions during the twelve months ended December 31, 2024.

At September 30, 2025, we had $ 4,392 million of outstanding notes, compared to $ 5,240 million at December 31, 2024.

$ 500 million 9.5 % Senior Notes due 2025

On February 19, 2025, we redeemed our remaining $ 500 million 9.5 % senior notes due 2025 at a redemption price equal to 100 % of the principal amount redeemed plus accrued and unpaid interest.

$ 500 million 6.625 % Senior Notes due 2030

On June 3, 2025, we issued $ 500 million in aggregate principal amount of 6.625 % senior notes due 2030.

These notes were sold at 100 % of the principal amount and will mature on July 15, 2030.

These notes are unsecured senior obligations and are guaranteed by our U.S.

and Canadian subsidiaries that also guarantee our obligations under our U.S.

first lien revolving credit facility described below.

We have the option to redeem these notes, in whole or in part, at any time on or after July 15, 2027 at a redemption price of 103.313 %, 101.656 % and 100 % during the 12-month periods commencing on July 15, 2027, 2028 and 2029 and thereafter, respectively, plus accrued and unpaid interest to the redemption date.

Prior to July 15, 2027, we may redeem these notes, in whole or in part, at a redemption price equal to 100 % of the principal amount plus a make-whole premium and accrued and unpaid interest to the redemption date.

In addition, prior to July 15, 2027, we may redeem up to 35 % of the original aggregate principal amount of these notes from the net cash proceeds of certain equity offerings at a redemption price equal to 106.625 % of the principal amount plus accrued and unpaid interest to the redemption date.

The terms of the indenture for these notes, among other things, limit our ability and the ability of certain of our subsidiaries to (i) incur certain liens, (ii) engage in sale and leaseback transactions, and (iii) consolidate, merge, sell or otherwise dispose of all or substantially all of our assets.

These covenants are subject to significant exceptions and qualifications.

$ 900 million 5 % Senior Notes due 2026

On June 30, 2025, we redeemed $ 400 million of our 5 % senior notes due 2026 at a redemption price equal to 100 % of the principal amount redeemed plus accrued and unpaid interest.

On July 3, 2025, we redeemed the remaining $ 500 million of our 5 % senior notes due 2026 at a redemption price equal to 100 % of the principal amount redeemed plus accrued and unpaid interest.

We used the net proceeds from the 6.625 % senior notes described above, together with cash and cash equivalents, to redeem these notes.

(2) Includes no non-cash financing additions during the three months ended March 31, 2026 and $ 2 million of non-cash financing additions during the twelve months ended December 31, 2025.

At March 31, 2026, we had $ 4,380 million of outstanding notes, compared to $ 4,391 million at December 31, 2025.

CREDIT FACILITIES

$ 2.75 billion Amended and Restated First Lien Revolving Credit Facility due 2030

On May 19, 2025, we amended and restated our U.S.

first lien revolving credit facility.

The principal change to the facility was the extension of its maturity from June 8, 2026 to May 19, 2030.

The interest rate for loans under the facility remained at SOFR plus 125 basis points, based on our current liquidity as described below.

Our amended and restated first lien revolving credit facility is available in the form of loans or letters of credit.

Our amended and restated first lien revolving credit facility matures on May 19, 2030 and is available in the form of loans or letters of credit.

Up to $ 800 million in letters of credit and $ 50 million of swingline loans are available for issuance under the facility.

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To the extent that our eligible accounts receivable, inventory and other components of the borrowing base decline in value, our borrowing base will decrease and the availability under the facility may decrease below $ 2.75 billion.

As of September 30, 2025, our borrowing base was above the facility's stated amount of $ 2.75 billion.

As of March 31, 2026, our borrowing base, and therefore our availability under this facility, was $ 505 million below the facility's stated amount of $ 2.75 billion.

The facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in our business or financial condition since December 31, 2024.

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Undrawn amounts under the facility are subject to an annual commitment fee of 25 basis points.

At September 30, 2025, we had $ 1,325 million of borrowings and $ 1 million of letters of credit issued under the revolving credit facility.

At December 31, 2024, we had $ 700 million of borrowings and $ 1 million of letters of credit issued under the revolving credit facility.

At March 31, 2026, we had $ 530 million of borrowings and $ 1 million of letters of credit issued under the revolving credit facility.

At December 31, 2025, we had no borrowings and $ 1 million of letters of credit issued under the revolving credit facility.

€ 800 million Amended and Restated Senior Secured European Revolving Credit Facility due 2028

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Up to € 175 million of swingline loans and € 75 million in letters of credit are available for issuance under the all-borrower tranche.

Subject to the consent of the lenders whose

commitments are to be increased, we may request that the facility be increased by up to € 200 million.

Subject to the consent of the lenders whose commitments are to be increased, we may request that the facility be increased by up to € 200 million.

Amounts drawn under this facility will bear interest at SOFR plus 150 basis points for loans denominated in U.S.

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The facility also has customary defaults, including a cross-default to material indebtedness of Goodyear and our subsidiaries.

At September 30, 2025, there were $ 235 million (€ 200 million) of borrowings outstanding under the all-borrower tranche, $ 211 million (€ 180 million) of borrowings outstanding under the German tranche, and no letters of credit outstanding under the European revolving credit facility.

At March 31, 2026, there were $ 196 million (€ 170 million) of borrowings outstanding under the all-borrower tranche, $ 207 million (€ 180 million) of borrowings outstanding under the German tranche, and no letters of credit outstanding under the European revolving credit facility.

At December 31, 2025, we had no borrowings and no letters of credit outstanding under the European revolving credit facility.

Accounts Receivable Securitization Facilities (On-Balance Sheet)

On October 10, 2025, GEBV and certain other of our European subsidiaries amended and restated our pan-European accounts receivable securitization facility.

The principal change to the facility was the extension of its maturity from October 19, 2027 to October 18, 2032.

GEBV and certain other of our European subsidiaries are parties to a pan-European accounts receivable securitization facility that expires in 2032.

The terms of the facility provide the flexibility to designate annually the maximum amount of funding available under the facility in an amount of not less than € 30 million and not more than € 450 million.

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The facility has customary representations, warranties, covenants and Early Amortisation Events.

In addition, it is an Early Amortisation Event under the facility if GEBV’s ratio of Consolidated Net GEBV Indebtedness to Consolidated GEBV EBITDA for a period of four consecutive fiscal quarters is greater than 3.0 to 1.0 at the end of any fiscal quarter.

In addition, it is an Early Amortisation Event under the facility if GEBV’s ratio of Consolidated Net GEBV Indebtedness to Consolidated GEBV

EBITDA for a period of four consecutive fiscal quarters is greater than 3.0 to 1.0 at the end of any fiscal quarter.

This financial covenant is substantially similar to the covenant included in our European revolving credit facility.

At September 30, 2025, the amounts available and utilized under this program totaled $ 242 million (€ 206 million).

At March 31, 2026, the amounts available and utilized under this program totaled $ 173 million (€ 150 million).

At December 31, 2025, the amounts available and utilized under this program totaled $ 292 million (€ 249 million).

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For these programs, we have concluded that there is generally no risk of loss to us from non-payment of the sold receivables.

At September 30, 2025, the gross amount of receivables sold was $ 752 million, compared to $ 773 million at December 31, 2024.

At March 31, 2026, the gross amount of receivables sold was $ 833 million, compared to $ 892 million at December 31, 2025.

Supplier Financing

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We do not pay any fees to the financial institutions, and we do not pledge any assets as security or provide other forms of guarantees for these programs.

These programs allow our suppliers to sell their receivables to the financial institutions at the sole discretion of the suppliers

and the financial institutions on terms that are negotiated among them.

These programs allow our suppliers to sell their receivables to the financial institutions at the sole discretion of the suppliers and the financial institutions on terms that are negotiated among them.

We are not always notified when our suppliers sell receivables under these programs.

Our obligations to our suppliers, including the amounts due and scheduled payment dates, are not impacted by our suppliers’ decisions to sell their receivables under these programs.

The amounts available under these programs were $ 902 million and $ 775 million at September 30, 2025 and December 31, 2024, respectively.

The amounts confirmed to the financial institutions were $ 587 million and $ 604 million at September 30, 2025 and December 31, 2024, respectively, and are included in Accounts Payable — Trade in our Consolidated Balance Sheets.

The amounts available under these programs were $ 891 million and $ 876 million at March 31, 2026 and December 31, 2025, respectively.

The amounts confirmed to the financial institutions were $ 514 million and $ 551 million at March 31, 2026 and December 31, 2025, respectively, and are included in Accounts Payable — Trade in our Consolidated Balance Sheets.

All activity related to these obligations is presented within operating activities on the Consolidated Statements of Cash Flows.

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subsidiary have a revolving credit facility in Mexico.

At September 30, 2025 and December 31, 2024, the amounts available and utilized under this facility were $ 200 million.

At March 31, 2026 and December 31, 2025, the amounts available and utilized under this facility were $ 200 million.

The facility matures on November 22, 2026, has covenants relating to the Mexican and U.S.

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The following table presents the total amounts available and utilized under the Chinese financing arrangements:

(In millions) September 30,

(In millions) March 31,

2026 December 31,

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Maturities 4/26-11/27

Certain of these facilities can only be used to finance the expansion of our manufacturing facilities in China and the unused amount available under these facilities was $ 31 million at both September 30, 2025 and December 31, 2024.

DERIVATIVE FINANCIAL INSTRUMENTS

We utilize derivative financial instrument contracts and nonderivative instruments to manage interest rate, foreign exchange and commodity price risks.

We have established a control environment that includes policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities.

We have established a control environment that includes policies and procedures for risk

assessment and the approval, reporting and monitoring of derivative financial instrument activities.

We do not hold or issue derivative financial instruments for trading purposes.

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The following table presents the fair values for foreign currency hedge contracts that do not meet the criteria to be accounted for as cash flow hedging instruments:

(In millions) September 30,

(In millions) March 31,

2026 December 31,

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Other current liabilities ( 10 ) ( 30 )

At September 30, 2025 and December 31, 2024, these outstanding foreign currency derivatives had notional amounts of $ 2,357 million and $ 1,779 million, respectively, and were primarily related to intercompany loans.

Other (Income) Expense included

net transaction gains on derivatives of $ 4 million and losses of $ 102 million for the three and nine months ended September 30, 2025, respectively.

Other (Income) Expense included net transaction losses on derivatives of $ 35 million and gains of $ 11 million for the three and nine months ended September 30, 2024, respectively.

At March 31, 2026 and December 31, 2025, these outstanding foreign currency derivatives had notional amounts of $ 1,709 million and $ 1,942 million, respectively, and were primarily related to intercompany loans.

Other (Income) Expense included net transaction gains on derivatives of $ 13 million for the three months ended March 31, 2026 and net transaction losses on derivatives of $ 15 million for the three months ended March 31, 2025.

These amounts were substantially offset in Other (Income) Expense by the effect of changing exchange rates on the underlying currency exposures.

At September 30, 2025 and December 31, 2024, we did not have any open foreign currency hedge contracts that meet the criteria to be accounted for as cash flow hedging instruments.

We enter into master netting agreements with counterparties.

The amounts eligible for offset under the master netting agreements are not material and we have elected a gross presentation of foreign currency contracts in the Consolidated Balance Sheets.

The following table presents the classification of changes in fair values of foreign currency contracts that meet the criteria to be accounted for as cash flow hedging instruments (before tax and minority):

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2025 2024 2025 2024

Amount of gains (losses) deferred to Accumulated Other Comprehensive Loss ("AOCL")

$ — $ — $ — $ —

Reclassification adjustment for amounts recognized in CGS — — — 1

No net deferred losses at September 30, 2025 are expected to be reclassified to earnings within the next twelve months.

The counterparties to our foreign currency contracts were considered by us to be substantial and creditworthy financial institutions that were recognized market makers at the time we entered into those contracts.

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FAIR VALUE MEASUREMENTS

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at September 30, 2025 and December 31, 2024:

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at March 31, 2026 and December 31, 2025:

Total Carrying Value

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Total Liabilities at Fair Value $ 10 $ 30 $ — $ — $ 10 $ 30 $ — $ —

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding finance leases, at September 30, 2025 and December 31, 2024:

(In millions) September 30,

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding finance leases, at March 31, 2026 and December 31, 2025:

(In millions) March 31,

2026 December 31,

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Fair value — liability 1,713 935

(1) Excludes Notes Payable and Overdrafts of $ 573 million and $ 558 million at September 30, 2025 and December 31, 2024, respectively, of which $ 268 million and $ 241 million, respectively, are at fixed rates and $ 305 million and $ 317 million, respectively, are at variable rates.

(1) Excludes Notes Payable and Overdrafts of $ 483 million and $ 506 million at March 31, 2026 and December 31, 2025, respectively, of which $ 190 million and $ 216 million, respectively, are at fixed rates and $ 293 million and $ 290 million, respectively, are at variable rates.

The carrying value of Notes Payable and Overdrafts approximates fair value due to the short term nature of the facilities.

Long term debt with fair values of $ 4,253 million and $ 4,921 million at September 30, 2025 and December 31, 2024, respectively, were estimated using quoted Level 1 market prices.

Long term debt with fair values of $ 4,080 million and $ 4,291 million at March 31, 2026 and December 31, 2025, respectively, were estimated using quoted Level 1 market prices.

The carrying value of the remaining long term debt approximates fair value since the terms of the financing arrangements are similar to terms that could be obtained under current lending market conditions.

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Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

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Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

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Net curtailments, settlements and termination benefits, if any, are recorded in Other (Income) Expense or Rationalizations if related to a rationalization plan.

In the third quarter and first nine months of 2025, pension settlement charges of $ 68 million and $ 72 million, respectively, were recorded in Other (Income) Expense.

The settlement charges resulted from total lump sums exceeding annual service and

interest cost of the applicable plans, including $ 68 million in the third quarter from the offer of lump sum payments over a limited time to certain active and former employees in the U.S.

salaried defined benefit pension plan.

In addition, in the first nine months of 2025, pension termination benefits charges of $ 4 million and $ 1 million were recorded related to the exit of employees under an approved rationalization plan and the sale of the OTR tire business, respectively.

In the first nine months of 2024, a pension settlement credit of $ 5 million was recorded in Other (Income) Expense.

The settlement credit resulted from a premium refund related to the purchase of a group annuity contract for the Cooper Tire U.S.

salaried defined benefit pension plan in 2023.

In the first quarter of 2025, a pension settlement charge of $ 4 million was recorded in Other (Income) Expense.

The settlement charge resulted from total lump sum payments exceeding annual service and interest cost of the applicable plan.

pension termination benefits charges of $ 4 million and $ 1 million were recorded related to the exit of employees under an approved rationalization plan and the sale of the OTR tire business, respectively.

We also provide certain U.S.

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subsidiaries with health care benefits or life insurance benefits upon retirement.

Other postretirement benefits (income) expense for three months ended September 30, 2025 and 2024 was $( 1 ) million and $ 1 million, respectively, and for the nine months ended September 30, 2025 and 2024 was $( 1 ) million and $ 5 million, respectively.

We expect to contribute $ 20 million to $ 30 million to our funded non-U.S.

There was no net other postretirement benefits expense for the three months ended March 31, 2026 and 2025.

We expect to contribute approximately $ 25 million to our funded non-U.S.

pension plans in 2026.

For the three and nine months ended September 30, 2025, we contributed $ 8 million and $ 21 million, respectively, to our non-U.S.

The expense recognized for our contributions to defined contribution savings plans for the three months ended September 30, 2025 and 2024 was $ 30 million and $ 34 million, respectively, and for the nine months ended September 30, 2025 and 2024 was $ 92 million and $ 104 million, respectively.

For the three months ended March 31, 2026, we contributed $ 3 million to our non-U.S.

The expense recognized for our contributions to defined contribution savings plans for the three months ended March 31, 2026 and 2025 was $ 29 million and $ 32 million, respectively.

STOCK COMPENSATION PLANS

Our Board of Directors granted 2.1 million restricted stock units and 1.0 million performance share units during the nine months ended September 30, 2025 under our stock compensation plans.

Our Board of Directors granted 1.7 million restricted stock units and 0.7 million performance share units during the three months ended March 31, 2026 under our stock compensation plans.

We measure the fair value of grants of restricted stock units and performance share units based primarily on the closing market price of a share of our common stock on the date of the grant, modified as appropriate to take into account the features of such grants.

The weighted average fair value per share was $ 9.73 for restricted stock units and $ 9.31 for performance share units granted during the nine months ended September 30, 2025.

We recognized stock-based compensation expense of $ 6 million and $ 17 million during the three and nine months ended September 30, 2025, respectively.

At September 30, 2025, unearned compensation cost related to the unvested portion of all stock-based awards was approximately $ 23 million and is expected to be recognized over the remaining vesting period of the respective grants, through the third quarter of 2028.

We recognized stock-based compensation expense of $ 6 million and $ 15 million during the three and nine months ended September 30, 2024, respectively.

The weighted average fair value per share was $ 8.72 for restricted stock units and $ 8.30 for performance share units granted during the three months ended March 31, 2026.

We recognized stock-based compensation expense of $ 7 million and $ 6 million during the three months ended March 31, 2026 and 2025, respectively.

At March 31, 2026, unearned compensation cost related to the unvested portion of all stock-based awards was approximately $ 39 million and is expected to be recognized over the remaining vesting period of the respective grants, through the first quarter of 2029.

COMMITMENTS AND CONTINGENT LIABILITIES

Environmental Matters

We have recorded liabilities totaling $ 77 million and $ 81 million at September 30, 2025 and December 31, 2024, respectively, for anticipated costs related to various environmental matters, primarily the remediation of numerous waste disposal sites and certain properties sold by us.

Of these amounts, $ 20 million and $ 24 million were included in Other Current Liabilities at September 30, 2025 and December 31, 2024, respectively.

We have recorded liabilities totaling $ 79 million at both March 31, 2026 and December 31, 2025 for anticipated costs related to various environmental matters, primarily the remediation of numerous waste disposal sites and certain properties sold by us.

Of these amounts, $ 25 million and $ 22 million were included in Other Current Liabilities at March 31, 2026 and December 31, 2025, respectively.

The costs include legal and consulting fees, site studies, the design and implementation of remediation plans, post-remediation monitoring and related activities, and will be paid over several years.

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Workers’ Compensation

We have recorded liabilities, on a discounted basis, totaling $ 161 million and $ 158 million for anticipated costs related to workers’ compensation at September 30, 2025 and December 31, 2024, respectively.

Of these amounts, $ 28 million and $ 31 million were included in Other Current Liabilities as part of Compensation and Benefits at September 30, 2025 and December 31, 2024, respectively.

We have recorded liabilities, on a discounted basis, totaling $ 146 million and $ 145 million for anticipated costs related to workers’ compensation at March 31, 2026 and December 31, 2025, respectively.

Of these amounts, $ 28 million were included in Other Current Liabilities as part of Compensation and Benefits at both March 31, 2026 and December 31, 2025.

The costs include an estimate of expected settlements on pending claims, defense costs and a provision for claims incurred but not reported.

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The amount of our ultimate liability in respect of these matters may differ from these estimates.

We periodically, and at least annually, update

our loss development factors based on actuarial analyses.

At September 30, 2025 and December 31, 2024, the liability was discounted using a risk-free rate of return.

At September 30, 2025, we estimate that it is reasonably possible that the liability could exceed our recorded amounts by approximately $ 25 million.

We periodically, and at least annually, update our loss development factors based on actuarial analyses.

At March 31, 2026 and December 31, 2025, the liability was discounted using a risk-free rate of return.

At March 31, 2026, we estimate that it is reasonably possible that the liability could exceed our recorded amounts by approximately $ 25 million.

General and Product Liability and Other Litigation

We have recorded liabilities for both asserted and unasserted claims totaling $ 409 million and $ 406 million, including related legal fees expected to be incurred, for potential product liability and other tort claims, including asbestos claims, at September 30, 2025 and December 31, 2024, respectively.

Of these amounts, $ 81 million and $ 60 million were included in Other Current Liabilities at September 30, 2025 and December 31, 2024, respectively.

The amounts recorded were estimated based on an assessment of potential liability using an analysis of available information with respect to pending claims, historical experience and, where available, recent and current trends.

Based upon that assessment, at September 30, 2025, we do not believe that estimated reasonably possible losses associated with general and product liability claims in excess of the amounts recorded will have a material adverse effect on our financial position, cash flows or results of operations.

We have recorded liabilities for both asserted and unasserted claims totaling $ 428 million and $ 417 million, including related legal fees expected to be incurred, for potential product liability and other tort claims, including asbestos claims, at March 31, 2026 and December 31, 2025, respectively.

Of these amounts, $ 89 million and $ 66 million were included in Other Current Liabilities at March 31, 2026 and December 31, 2025, respectively.

The amounts recorded were estimated based on an

assessment of potential liability using an analysis of available information with respect to pending claims, historical experience and, where available, recent and current trends.

Based upon that assessment, at March 31, 2026, we do not believe that estimated reasonably possible losses associated with general and product liability claims in excess of the amounts recorded will have a material adverse effect on our financial position, cash flows or results of operations.

However, the amount of our ultimate liability in respect of these matters may differ from these estimates.

We have recorded an indemnification asset within Accounts Receivable of $ 4 million and within Other Assets of $ 2 million for SRI's obligation to indemnify us for certain product liability claims related to products manufactured by a formerly consolidated joint venture entity, subject to certain caps and restrictions.

We have recorded an indemnification asset within Accounts Receivable of $ 3 million and within Other Assets of $ 2 million for Sumitomo Rubber Industries, Ltd.

("SRI's") obligation to indemnify us for certain product liability claims related to products manufactured by a formerly consolidated joint venture entity, subject to certain caps and restrictions.

We are a defendant in numerous lawsuits alleging various asbestos-related personal injuries purported to result from alleged exposure to asbestos in certain products manufactured by us or present in certain of our facilities.

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To date, we have disposed of approximately 167,100 claims by defending, obtaining the dismissal thereof, or entering into a settlement.

The sum of our accrued asbestos-related liability and gross payments to date, including legal costs, by us and our insurers totaled approximately $ 601 million through September 30, 2025 and $ 589 million through December 31, 2024.

The sum of our accrued asbestos-related liability and gross payments to date, including legal costs, by us and our insurers totaled $ 601 million through March 31, 2026 and $ 597 million through December 31, 2025.

A summary of recent approximate asbestos claims activity follows.

Because claims are often filed and disposed of by settlement or dismissal in large numbers, the amount and timing of filings, settlements and dismissals and the number of open claims during a particular period can fluctuate significantly.

(Dollars in millions) Nine Months Ended September 30, 2025 Year Ended

(Dollars in millions) Three Months Ended March 31, 2026 Year Ended

December 31, 2025

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We periodically, and at least annually, review our existing reserves for pending claims, including a reasonable estimate of the liability associated with unasserted asbestos claims, and estimate our receivables from probable insurance recoveries.

We recorded gross liabilities for both asserted and unasserted claims, inclusive of defense costs, totaling $ 116 million and $ 115 million at September 30, 2025 and December 31, 2024, respectively.

We recorded gross liabilities for both asserted and unasserted claims, inclusive of defense costs, totaling $ 107 million at both March 31, 2026 and December 31, 2025.

In determining the estimate of our asbestos liability, we evaluated claims over the next ten-year period.

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We record a receivable with respect to such policies when we determine that recovery is probable and we can reasonably estimate the amount of a particular recovery.

We recorded an insurance receivable related to asbestos claims of $ 64 million and $ 63 million at September 30, 2025 and December 31, 2024, respectively.

We recorded an insurance receivable related to asbestos claims of $ 57 million at both March 31, 2026 and December 31, 2025.

We expect that approximately 55 % of asbestos claim related losses would be recoverable through insurance during the ten-year period covered by the estimated liability.

Of these amounts, $ 11 million was included in Current Assets as part of Accounts Receivable at both September 30, 2025 and December 31, 2024.

Of these amounts, $ 10 million was included in Current Assets as part of Accounts Receivable at both March 31, 2026 and December 31, 2025.

The recorded receivable consists of an amount we expect to collect under coverage-in-place agreements with certain primary and excess insurance carriers, as well as an amount we believe is probable of recovery from certain of our other excess insurance carriers.

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Coverage under insurance policies is subject to varying characteristics of asbestos claims including, but not limited to, the type of claim (premise vs.

product exposure), alleged date of first exposure to our products or premises and disease alleged.

exposure), alleged date of first exposure to our products or premises and disease alleged.

Recoveries may also be limited by insurer insolvencies or financial difficulties.

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We disagree with the IRS’s position as stated in the NOPA and plan to challenge the proposed adjustments through the established IRS administrative procedures.

Based on the information currently available, we believe that it is more likely than not that our tax position will be sustained upon review;

therefore, no changes have been made to our reserve for uncertain tax positions relating to the NOPA.

In addition, our U.S.

deferred tax assets are in a full valuation allowance as of September 30, 2025.

We disagree with the IRS’s position as stated in the NOPA.

We are currently challenging the proposed adjustment through the established IRS administrative procedures and are engaging in settlement discussions with the IRS.

However, since our U.S.

deferred tax assets are in a full valuation allowance as of March 31, 2026, any such write-off of deferred tax assets would not have a material impact on our results of operations.

While the Company applies consistent transfer pricing policies and practices globally, supports transfer prices through economic studies, seeks advance pricing agreements and joint audits to the extent possible and believes its transfer prices to be appropriate, such transfer prices, and related interpretations of tax laws, are occasionally challenged by various taxing authorities globally.

We have received various tax assessments challenging our interpretations of applicable tax laws in various

jurisdictions.

We have received various tax assessments challenging our interpretations of applicable tax laws in various jurisdictions.

Although we believe we have complied with applicable tax laws, have strong positions and defenses and have historically been successful in defending such claims, our results of operations could be materially adversely affected in the case we are unsuccessful in the defense of existing or future claims.

Binding Commitments and Guarantees

We have off-balance sheet financial guarantees and other commitments totaling $ 29 million at both September 30, 2025 and December 31, 2024.

We have off-balance sheet financial guarantees and other commitments totaling $ 15 million at both March 31, 2026 and December 31, 2025.

We issue guarantees to financial institutions or other entities on behalf of certain of our affiliates, lessors or customers.

1 unchanged sentence

In 2015, as a result of the dissolution of the global alliance with SRI, we issued a guarantee of $ 46 million to an insurance company related to SRI's obligation to pay certain outstanding workers' compensation claims of a formerly consolidated joint venture entity.

As of September 30, 2025, this guarantee amount has been reduced to $ 15 million.

As of March 31, 2026, this guarantee amount has been reduced to $ 15 million.

We have concluded the probability of our performance to be remote and, therefore, have not recorded a liability for this guarantee.

2 unchanged sentences

We are unable to estimate the extent to which our lessors’, customers’ or SRI's assets would be adequate to recover any payments made by us under the related guarantees.

We have an agreement to provide a revolving loan commitment to TireHub, LLC of up to $ 130 million.

The carrying value of our net investment in TireHub was $ 64 million and $ 110 million, which includes an outstanding loan receivable of $ 113 million and $ 119 million, including $ 2 million of interest, at September 30, 2025 and December 31, 2024, respectively, and was included in Other Assets on our Consolidated Balance Sheets.

We have an agreement to provide a revolving loan commitment to TireHub, LLC.

During the first quarter of 2026, the revolving loan commitment decreased from $ 130 million to $ 100 million.

The carrying value of our net investment in TireHub was $ 40 million and $ 44 million, which includes an outstanding loan receivable of $ 83 million and $ 103 million, including $ 1 million and $ 2 million of interest, at March 31, 2026 and December 31, 2025, respectively, and was included in Other Assets on our Consolidated Balance Sheets.

Our investment in TireHub is accounted for under the equity method of accounting and, as such, includes our 50 % share of the net income (losses) of TireHub.

2 unchanged sentences

We may repurchase shares delivered to us by employees as payment for the exercise price of stock options and the withholding taxes due upon the exercise of stock options or the vesting or payment of stock awards.

During the first nine months of 2025, we did not repurchase any shares from employees.

During the first three months of 2026, we did not repurchase any shares from employees.

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present changes in AOCL, by component, for the nine months ended September 30, 2025 and 2024, after tax and minority interest.

The following tables present changes in AOCL, by component, for the three months ended March 31, 2026 and 2025, after tax and minority interest.

(In millions) Income (Loss) Foreign

2 unchanged sentences

Prior Service

Costs Deferred

Gains (Losses) Total

Balance at December 31, 2025 $ ( 1,662 ) $ 1 $ ( 1,927 ) $ ( 3,588 )

1 unchanged sentence

Amounts reclassified from accumulated other comprehensive income (loss)

8 — 143 — 151

Balance at September 30, 2025 $ ( 1,707 ) $ 1 $ ( 2,000 ) $ — $ ( 3,706 )

Balance at March 31, 2026 $ ( 1,666 ) $ 1 $ ( 1,904 ) $ ( 3,569 )

(In millions) Income (Loss) Foreign

2 unchanged sentences

Prior Service

Costs Deferred

Gains (Losses) Total

Balance at December 31, 2024 $ ( 1,705 ) $ 1 $ ( 2,140 ) $ ( 3,844 )

1 unchanged sentence

Amounts reclassified from accumulated other comprehensive income (loss)

Balance at September 30, 2024 $ ( 1,637 ) $ 1 $ ( 2,138 ) $ 2 $ ( 3,772 )

Balance at March 31, 2025 $ ( 1,679 ) $ 1 $ ( 2,109 ) $ ( 3,787 )

The following table presents reclassifications out of AOCL:

Three Months Ended

September 30, Nine Months Ended

September 30,

2025 2024 2025 2024

(In millions) (Income) Expense Amount Reclassified

from AOCL Amount Reclassified

from AOCL Affected Line Item in the Consolidated

10 unchanged sentences

Net of tax $ 23 $ 21 Goodyear Net Income (Loss)

Deferred derivative (gains) losses, before tax

$ — $ — $ — $ 1 Cost of Goods Sold

Tax effect — — — — United States and Foreign Taxes

Net of tax $ — $ — $ — $ 1 Goodyear Net Income (Loss)

Total reclassifications $ 23 $ 31 Goodyear Net Income (Loss)

1 unchanged sentence

Three Months Ended

September 30, Nine Months Ended

September 30,

(In millions) 2026 2025

Net Income (Loss) Attributable to Minority Shareholders

$ ( 2 ) $ 1 $ 28 $ ( 6 )

Net Income Attributable to Minority Shareholders

Other Comprehensive Income (Loss):

1 unchanged sentence

Other Comprehensive Income (Loss)

$ ( 1 ) $ 8 $ 7 $ 4

Comprehensive Income (Loss) Attributable to Minority Shareholders

$ ( 3 ) $ 9 $ 35 $ ( 2 )

REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

As discussed in Note 1, in preparing the consolidated financial statements as of and for the three and nine months ended September 30, 2025, we identified errors in our previously issued financial statements related to our historical computation of currency remeasurement of our foreign operations in Turkey, which was designated as a highly inflationary economy beginning April 1, 2022.

The identified errors impacted our previously issued 2022, 2023 and 2024 annual and interim financial statements.

There were no impacts on previously reported cash flows from operating, investing and financing activities in any prior periods.

We evaluated the errors in accordance with SEC Staff Accounting Bulletin Nos.

99 and 108 and determined that the related impacts were not material in any previously issued annual or interim financial statements.

We revised the prior period amounts presented in these financial statements to correct the errors.

The applicable notes to the accompanying financial statements have also been corrected to reflect the impact of the revisions of the previously filed consolidated interim financial statements.

The following tables reflect the impact of the revision to the specific line items presented in our previously reported financial information.

Impacts to Consolidated Statements of Operations and Comprehensive Income (in millions, except per share data)

Nine Months Ended September 30, 2024 Three Months Ended September 30, 2024

As Reported Revision As Revised As Reported Revision As Revised

Cost of Goods Sold $ 11,218 $ 13 $ 11,231 $ 3,881 $ 1 $ 3,882

Other Expense (1)

$ 87 $ 8 $ 95 $ 35 $ 1 $ 36

$ ( 12 ) $ ( 21 ) $ ( 33 ) $ ( 34 ) $ ( 2 ) $ ( 36 )

Minority Shareholders’ Net Income (Loss) $ ( 6 ) $ — $ ( 6 ) $ — $ 1 $ 1

Goodyear Net Loss

$ ( 6 ) $ ( 21 ) $ ( 27 ) $ ( 34 ) $ ( 3 ) $ ( 37 )

Comprehensive Income (Loss) $ 55 $ ( 21 ) $ 34 $ 44 $ ( 2 ) $ 42

Comprehensive Income (Loss) Attributable to Minority Shareholders $ ( 2 ) $ — $ ( 2 ) $ 8 $ 1 $ 9

Goodyear Comprehensive Income (Loss) $ 57 $ ( 21 ) $ 36 $ 36 $ ( 3 ) $ 33

Basic EPS $ ( 0.02 ) $ ( 0.07 ) $ ( 0.09 ) $ ( 0.12 ) $ ( 0.01 ) $ ( 0.13 )

Diluted EPS $ ( 0.02 ) $ ( 0.07 ) $ ( 0.09 ) $ ( 0.12 ) $ ( 0.01 ) $ ( 0.13 )

(1) Other Expense also reflects the reclassification of Net (Gain) Loss on Asset Sales of $( 1 ) million for the three months ended September 30, 2024 and $( 95 ) million for the nine months ended September 30, 2024, to conform to the current presentation.

Impacts to Consolidated Balance Sheets and Statements of Shareholders' Equity (in millions)

December 31, 2024

As Reported Revision As Revised

Inventories $ 3,597 $ ( 43 ) $ 3,554

Total Current Assets $ 7,632 $ ( 43 ) $ 7,589

Total Assets $ 20,964 $ ( 43 ) $ 20,921

Accounts Payable — Trade $ 4,052 $ 40 $ 4,092

Total Current Liabilities $ 7,337 $ 40 $ 7,377

Total Liabilities $ 16,058 $ 40 $ 16,098

Retained Earnings $ 5,156 $ ( 75 ) $ 5,081

Goodyear Shareholders' Equity $ 4,756 $ ( 75 ) $ 4,681

Minority Shareholders' Equity $ 150 $ ( 8 ) $ 142

Total Shareholders' Equity $ 4,906 $ ( 83 ) $ 4,823

Total Liabilities and Shareholders' Equity $ 20,964 $ ( 43 ) $ 20,921

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements