GOODYEAR TIRE & RUBBER CO /OH/ Fair Value Disclosure
| Total Carrying Value in the Consolidated Balance Sheet | Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||||||||||||||||||||||||||||||||||
| (In millions) | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||||||||||||||||||
| Assets: | |||||||||||||||||||||||||||||||||||||||||||||||
| Investments | $ | 13 | $ | 16 | $ | 13 | $ | 16 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||
| Foreign Exchange Contracts | 6 | 28 | — | — | 6 | 28 | — | — | |||||||||||||||||||||||||||||||||||||||
| Total Assets at Fair Value | $ | 19 | $ | 44 | $ | 13 | $ | 16 | $ | 6 | $ | 28 | $ | — | $ | — | |||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Exchange Contracts | $ | 30 | $ | 3 | $ | — | $ | — | $ | 30 | $ | 3 | $ | — | $ | — | |||||||||||||||||||||||||||||||
| Total Liabilities at Fair Value | $ | 30 | $ | 3 | $ | — | $ | — | $ | 30 | $ | 3 | $ | — | $ | — | |||||||||||||||||||||||||||||||
| (In millions) | December 31, 2025 | December 31, 2024 | |||||||||
Fixed Rate Debt(1): | |||||||||||
| Carrying amount — liability | $ | 4,496 | $ | 5,367 | |||||||
| Fair value — liability | 4,422 | 5,076 | |||||||||
Variable Rate Debt(1): | |||||||||||
| Carrying amount — liability | $ | 935 | $ | 1,600 | |||||||
| Fair value — liability | 935 | 1,590 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 10, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 13, 2024 | |
| 2022 | Feb 13, 2023 | |
| 2021 | Feb 14, 2022 | |
| 2020 | Feb 9, 2021 | |
| 2019 | Feb 11, 2020 | |
| 2018 | Feb 8, 2019 | |
| 2017 | Feb 8, 2018 | |
| 2016 | Feb 8, 2017 | |
| 2015 | Feb 9, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.