Goodyear Tire & Rubber — Oct 31, 2025 release

The change in segment operating income reflects benefits from Goodyear Forward of $185 million, partly offset by inflation and other costs of $137 million, the impact of lower volume of $90 million and $17 million for the non-recurrence of the 2024 insurance recoveries, net of expenses . (more) 2 Goodyear Forward Goodyear Forward delivered benefits of $185 million during the third quarter of 2025. The company expects to achieve approximately $1.5 billion of annualized run-rate benefits by year-end 2025. Additionally, on Oct. 31, Goodyear completed the previously announced $650 million sale of its Chemical business for cash proceeds of $580 million, net of working capital adjustments, including an adjustment for intercompany receivables, before transaction fees and taxes.The sale of the Chemical business followed the divestitures of the OTR tire business and the Dunlop brand earlier in the year. Total proceeds of approximately $2.2 billion will be used to reduce the company's debt balance. Year-to-Date Results Goodyear's first nine months 2025 net sales were $ 13.4 billion, with tire unit volumes totaling 116.4 million. The first nine months of 2025 included several significant items, including a non-cash deferred tax asset valuation allowance of $1.4 billion , a non-cash goodwill impairment charge of $ 674 million and , on a pre-tax basis, a combined estimated gain on the sales of the OTR tire business and the Dunlop brand of $640 million, rationalization charges of $ 161 million and Goodyear Forward costs of $19 million. Goodyear net loss was $ 1.8 billion ( $6.35 per share) compared to Goodyear net loss of $ 27 million ( 9 cents