Goldman Sachs Industrials Conference November 12, 2014

Forward-Looking Statements

Certain information contained in this presentation constitutes forward-looking statements for purposes of the

safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors,

many of which are beyond our control, that affect our operations, performance, business strategy and

results and could cause our actual results and experience to differ materially from the assumptions,

expectations and objectives expressed in any forward-looking statements. These factors include, but are not

limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both

current and potential competitors; increases in the prices paid for raw materials and energy; a labor strike,

work stoppage or other similar event; deteriorating economic conditions or an inability to access capital

markets; work stoppages, financial difficulties or supply disruptions at our suppliers or customers; the

adequacy of our capital expenditures; our failure to comply with a material covenant in our debt obligations;

potential adverse consequences of litigation involving the company; as well as the effects of more general

factors such as changes in general market, economic or political conditions or in legislation, regulation or

public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission,

including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

In addition, any forward-looking statements represent our estimates only as of today and should not be

relied upon as representing our estimates as of any subsequent date. While we may elect to update

forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even

if our estimates change.

2

Company Overview

.

Goodyear tires are sold

in two distinct tire markets...

(% of 2013 Units of 162 million)

...and stretch around the

world

(% of 2013 Revenue of ~$20 billion)

…available in a diverse

selection of products...

(% of 2013 Revenue of ~$20 billion)

OE ~20% of 2013 Revenue

3

Goodyear is a global tire industry leader with powerful brands and

broad product reach

Replacement Market 69%

OE Market

31%

Consumer

21%

Retail

7%

Other

12%

Chemical

4%

Commercial

Includes:

OTR, Farm,

Race, &

Aviation

56% North

America

44%

Europe, Middle

East & Africa

34%

Latin

America

11%

Asia Pacific

11%

Goodyear Then … And Now

2013 2012 2011 2010

$1.6 $1.2

$1.4

$0.9

Segment Operating Income Growth

(a) See Segment Operating Income reconciliation in Appendix on page 38

(b) Trailing twelve months as of September 30, 2014

(c) See Free Cash Flow from Operations reconciliation in Appendix on page 40

(d) Primarily non-US plans; projected for December 31, 2014 using 2013 year-end assumptions

(a)

2013 2012 2011 2010

$1.0

$0.7

$0.2

$0.4

Strong Free Cash Flow (c)

4

$ In billions

2014E 2013 2012 2011

~$0.7

$1.9

$3.5 $3.1

Progress on Global Unfunded Pension

(d)

Fully funded,

froze, and de-

risked U.S.

plans

Significant SOI growth and cash generation capability

2013 2012 2010

$0.7

$0.5

$0.3

~$0

North America Turnaround

2011

Segment Operating Income

$0.3B

loss in

2009

$1.8

TTM(b)

$0.8

TTM(b)

Third Quarter Highlights

5

• Record Q3 segment operating income of $520 million(a), up 21%

– Record North America Q3 SOI up 30% to $210 million

– Europe, Middle East and Africa Q3 SOI up 57% to $181 million

– Global SOI margin of 11.2%(a) for the quarter, best in more than a decade

– Strong value proposition and cost savings driving results

– Adjusted EPS of 87 cents per share(b)

• Year-to-date segment operating income of $1.4 billion(a), up 17%

• Expect 2014 earnings growth near high end of 10-15% range

• Announced up to $150 million share repurchase during Q4’14

(a) See Segment Operating Income and margin reconciliation in Appendix on page 38. (b) See Adjusted Diluted Earnings Per Share reconciliation in Appendix on pages 36.

Our strategy continues to deliver strong earnings performance

6

Tire Industry Growth Drivers

• N.A. industry distortion from

potential U.S. tariffs on

imported consumer tires

• Weaker macro conditions in

Europe; green winter expected

• Emerging markets slowdown

• Brazil OE environment

• China slowing

• Premium HVA demand

outpacing supply

• Global industry growth of ~3%

– Emerging markets growth 5-6%

– Mature markets growth of ~1%

• Industry trends require advanced

capabilities to capture growth

• Drive to high value added (HVA)

technology continues

• “Green” and fuel efficiency are growing

global themes

• Tire labeling to become industry standard,

highlighting superior performance

Strong long-term industry fundamentals provide

growth and profit opportunities

Long-term Industry Growth Outlook Goodyear Near-term Outlook

7

2015 Outlook Preliminary Planning Assumptions

FX headwind (similar impact

as 2014)

Venezuela uncertainty

Neutral OTR

Potential release of US tax

valuation allowance

• Tax rate if released: 30-35% of

global pre-tax income, no US cash

taxes for ~5 years

Global volume growth of 1-2%

Positive price mix vs. raw

materials (~$50-$100 million)

Cost savings

• Operational Excellence

• Amiens closure / EMEA Farm

tire business exit

$1.2 billion capex

Reaffirming 10-15% SOI growth target for 2015;

planning assumptions to be updated in year-end call

Positive Drivers Other Factors

Strategy Overview

Strategy Roadmap

9

Our Destination - Creating Sustainable Value

Industry

MegaTrends

“Long-term Growth Drivers”

Where We Are

Key Strategies Key How To’s

Executing Plan

Innovation Leader

Record Earnings

Value Creating

Improving Volume

US Pension Fully Funded

Top Line / Bottom Line Growth

First with Customers

Innovation Leaders

Leader in Targeted Segments

1. North America: Grow Profitably

2. Asia: Win in China / Grow Asia

3. EMEA / LA: Return to Historical

Profit

Market-Back Innovation Excellence

Sales & Marketing Excellence

Operational Excellence

Enabling Investments

Top Talent / Top Teams

Competitively Advantaged

Profitable thru Economic Cycle

Cash Flow Positive

Investment Grade

Goodyear’s Competitive Advantage

For winners, not an “OR”… it is an “AND”

Goodyear delivers both in an integrated manner

Iconic brand

Industry leading products

Pervasive distribution

Strong customer relations

Consumer-centric focus

Right Tire

Right Time

Right Place

Right Cost

Market-Back Approach Sufficient HVA Capacity

AND

Advantaged Value Proposition Operational Excellence

10

Industry migration to high-value-added tires advantages Goodyear given

manufacturing know-how, product innovation, and industry-leading products 11

HVA Tire Technology A “Tire” Is Not a “Tire”

• There is no industry standard definition of “HVA”. For Goodyear …

• Consumer HVA tires incorporate one or more of the following features:

– Rim diameter 17” or greater

– Reduced sidewall height

– Speed-rated H or higher

• Commercial HVA tires have specific performance characteristics (e.g., Fuel Max, DuraSeal)

and are retreadable

• HVA tires are more complex to manufacture than LVA tires

• Converting LVA to HVA capacity may not be a one-for-one conversion in tire units

– Segmented mold

– Advanced tread compounds

– Extra load constructions

LVA Tire

(Low-Value-Added)

HVA Tire

(High-Value-Added) Silica

Tread

Additional

Components

For Handling Carbon Fiber

Dual Reinforced

Sidewalls

Dual Tread

Zones with

TredLock

Technology

Capital Allocation

2014 - 2016 SOI Target $5.5 - $5.8

~ (400)

~ 5.1 - 5.4

~ 2.1

~ 7.2 - 7.5

~ 0.6 - 0.7

2014 - 2016 EBITDAP ~ $7.8 - $8.2

Adjustments for:

Corporate Expense,

Depreciation, and

Pension Expense

13

• Interest Expense ~$1.2 - $1.4

• Taxes Paid ~ $0.8 - $1.0

• Sustaining CapEx ~ $2.0 - $2.2

• Working Capital ~ $0.0

• ~$4.0 - $4.6

Sources and Uses of Cash

2014-2016

Note: All estimates based on current assumptions and available data

Cash Available for

Deployment

• Dividends / Share

Repurchase

• Growth CapEx

• Debt Reductions

(incl. Pension)

• Restructurings

~$3.6 - $3.8

Strong earnings growth driving significant cash available for deployment

Maintaining the Business Capital Allocation Plan

$ In billions

A balanced capital allocation plan

Capital Allocation Plan – Driving Value 2014-2016

14 * $0.65B approved by Board of Directors; increases dependent on Company performance including the achievement of financial targets

Debt Repayment /

Pension Funding

Growth CapEx

Restructurings

Shareholder

Return Program

$1.5B

$0.6 - $0.9B*

$0.6B

$0.8 - $0.9B

$3.6 - $3.8B

Americas

NA & LA

~ 30% Americas

NA & LA

~ 55% EMEA & Asia

~ 70%

EMEA & Asia

~ 45%

2011-2013

~$1.3 billion

2014-2016

~$1.5 billion

Heavy investment

in new China plant

and Europe tire

labeling

Includes

new plant for

the Americas

~$500 million

Growth CapEx Investment

Continue to invest for growth ... shifting focus to meet business needs

Targeting ~20% IRR

Primarily

investment in

HVA capacity

& tire labeling

capabilities

15

Our Destination

16

2014 Near high end of

+10-15% range

2015 +10-15% SOI growth

2016 +10-15% SOI growth Segment Operating Income(a)

$ in millions

(a) See Segment Operating Income reconciliation in Appendix on page 38.

Our strategy gives us confidence in the future

$372

$917

$1,368 $1,248

$1,580

2009 2010 2011 2012 2013 2014E 2015T 2016T

4.3x 3.9x 4.1x

3.4x

2.0x-2.1x

2010 2011 2012 2013 2016T

Balance Sheet Management – Leverage Targets

Leverage consistent with commitment to achieving investment grade metrics

Reduces cost of capital

Improves global access to credit

Committed to achieving investment grade

balance sheet by the end of 2016

Adjusted Debt / EBITDAP (a)

a) Total debt plus global pension liability, divided by net income before interest expense, income tax expense, depreciation and

amortization expense, net periodic pension cost, rationalization charges and other (income) and expense

Note: See reconciliations in Appendix on page 41

Greater ability to move debt overseas

Ability to reduce cash balances

17

Shareholder Return Program

18

• September dividend payment: 20% increase over

prior quarter to $0.06 per share

• Share repurchase program ($450 million 2014-2016)

– $30 million Q3; $83 million YTD

– Plan to purchase up to $150 million in Q4

Continued focus on shareholder returns

Summary

19

• Goodyear has evolved over the past several years and today is a very

different company

• We are advantaged in a competitive industry given industry-leading

products, an iconic brand, pervasive distribution and market-back approach

• Targeting continued earnings growth 2014-2016, leading to positive free

cash flow generation

• 2014-2016 capital allocation plan balances investing in the business for

future earnings growth, de-levering the balance sheet, and providing

immediate return of capital to shareholders

Our strategy is working and delivering record results

We are committed to building long-term shareholder value

Q & A

Appendix

Third Quarter 2014

Income Statement

(a) See Segment Operating Income and Margin reconciliation in Appendix on page 38. (b) See Adjusted Diluted Earnings Per Share reconciliation in Appendix on pages 36 and 37.

In millions, except EPS

22

September 30, September 30,

2014 2013 Change

Units 41.9 42.6 (2)%

Net Sales 4,657$ 5,002$ (7)%

Gross Margin 24.5% 21.1% 3.4 pts

SAG 653$ 686$ (5)%

Segment Operating Income(a) 520$ 431$ 21%

Segment Operating Margin(a) 11.2% 8.6% 2.6 pts

Goodyear Net Income 161$ 173$

Less: Preferred Stock Dividends -$ 7$

Goodyear Net Income Available to Common

Shareholders161$ 166$

Goodyear Net Income Available to Common

Shareholders - Per Share of Common Stock

Basic 0.58$ 0.67$

Diluted 0.58$ 0.62$

Cash Dividends Declared Per Common Share 0.06$ 0.05$

Adjusted Diluted Earnings Per Share (b)

0.87$ 0.68$

Three Months Ended

23 23

Third Quarter 2014

Segment Operating Results

$ In millions

$431 ($16) $14

$98 ($112) $135

($75)

($31) $76 $520

Raw

Materials(a)

Cost

Savings Inflation(b) Volume

Un-

absorbed

Fixed

Cost Price / Mix

Other(c) Currency

Q3

2013

Q3

2014

($2) +$60 ($14)

+$89

+21%

OTR more

than

explains

variance

(a) Raw material variance of $98 million excludes raw material cost saving measures of $71 million, which are included in Cost Savings above (b) Estimated impact of inflation (wages, utilities, energy, transportation and other) (c) Includes $23 million benefit from lower incentive compensation, non-recurrence of $20 million in 2013 USW agreement charges, $16 million savings from

Amiens plant closure and $14 million of US pension expense savings

(a) Working capital represents accounts receivable and inventories, less accounts payable – trade. (b) See Total Debt and Net Debt reconciliation in Appendix on page 39.

Third Quarter 2014

Balance Sheet

$ In millions

24

September 30, June 30, December 31, September 30,2014 2014 2013 2013

Cash and cash equivalents 1,744$ 1,637$ 2,996$ 2,500$

Accounts receivable 3,021 2,841 2,435 3,254Inventories 2,924 3,130 2,816 2,944Accounts payable - trade (2,827) (3,097) (3,097) (3,084)

Working capital(a)

3,118$ 2,874$ 2,154$ 3,114$

Total debt(b)

6,855$ 6,762$ 6,249$ 6,542$

Net debt(b)

5,111$ 5,125$ 3,253$ 4,042$

Free Cash Flow from Operations

$ In millions

25

(a) Pension Expense is the net periodic pension cost before curtailments, settlements and termination benefits as reported in the pension-related note

in the Notes to Consolidated Financial Statements.

(b) See Free Cash Flow from Operations reconciliation in Appendix on page 40.

Trailing Twelve

Months Ended

2014 2013 September 30, 2014

Net Income 199$ 195$ 649$

Depreciation and Amortization 182 182 736

Change in Working Capital (362) (284) (50)

Pension Expense (a)

36 65 196

Other 225 102 329

Capital Expenditures (193) (241) (1,068)

Free Cash Flow from Operations (non-GAAP) (b) 87$ 19$ 792$

Three Months Ended

September 30,

Third Quarter 2014

Segment Results

In millions

26

2014 2013 Change 2014 2013 Change

Units 15.2 15.8 (3.8%) Units 16.4 16.7 (1.3%)

Net Sales $2,057 $2,186 (5.9%) Net Sales $1,618 $1,752 (7.6%)

Operating Income $210 $161 30.4% Operating Income $181 $115 57.4%

Margin 10.2% 7.4% Margin 11.2% 6.6%

2014 2013 Change 2014 2013 Change

Units 4.3 4.5 (5.2%) Units 6.0 5.6 6.8%

Net Sales $451 $527 (14.4%) Net Sales $531 $537 (1.1%)

Operating Income $49 $89 (44.9%) Operating Income $80 $66 21.2%

Margin 10.9% 16.9% Margin 15.1% 12.3%

North America Europe, Middle East and Africa

Latin America Asia Pacific

US Chinese Tire Tariff Speculation & Impact on North America Replacement Volume

27

Total US

Industry(a)

+3%

Chinese

Imports(b)

+25%

All Other

Tires(c)

-4%

In a “sell-out” market

that is growing 1-2% (~ miles driven)

(a) Total US Industry as reported by the Rubber Manufacturers Association, Sept 9, 2014

(b) Chinese tire imports into the US as reported by the US Department of Commerce for July/August with September a Goodyear estimate

(c) Mathematical difference between (a) and (b)

(d) Goodyear North America Replacement includes Consumer and Commercial for U.S. and Canada

• Q3 Replacement volume down -4%

• Channels stocking Chinese tires well above

market demand (i.e., “sell out”)

• Our strategy not to chase volume with price

• Affecting economy and mid-tier segments

• Industry effect will linger until excess

inventory can be sold

Year-on-year sell-in volume % growth

Q3 Industry Consumer Replacement “Sell-In” Q3 Goodyear Replacement Volume(d)

Chinese tire tariff speculation impacting industry & Goodyear “sell-in” demand

2014 Key Segment Operating Income Drivers (as of October 29, 2014)

Driver 2014 FY vs 2013 vs. July

Outlook Comments

Global Volume Flat to +1% • Consistent with YTD performance

Price/Mix vs. Raw Materials Slightly Negative N/C • Assumes neutral Q4

Overhead Absorption ~$50-75 million N/C • Trending to mid-point of range

Net Cost Savings ~$130-$150 million • Cost savings net of inflation offset

by incremental investments in

advertising and R&D

Foreign Exchange ~($100) million • Assumes spot rates as of

October 29, 2014

Other Tire-Related ~$15 million -

Start-up Costs Neutral N/C • Brazil modernization costs offset

China start-up benefit

Amiens Closure ~$50 million • $75 million annualized savings,

including exit of EMEA Farm tire

Pension Expense Savings(a) ~$90 million N/C • Pension expense savings net of

incremental 401(k) contributions 28

(a) Global pension expense savings. Excludes savings impact related to corporate associates (outside of Segment Operating Income)

2014 Outlook Other Financial Assumptions (as of October 29, 2014)

2014 FY Assumption vs. July

Outlook

Interest Expense $415 - $435 million N/C

Financing Fees ~$60 million N/C

Income Tax ~20% of international Segment

Operating Income

Depreciation &

Amortization ~$725 million N/C

Global Pension

Expense ~$150-$175 million N/C

Global Pension Cash

Contributions ~$1.3 billion in total contributions(a) N/C

Working Capital Not a significant source or use N/C

Capital Expenditures ~$0.9 billion N/C

29 (a) Cash contributions include $1.2 billion for hourly U.S. pension plan prefunding

2014 Full-Year Industry Outlook

30

October Full-Year

2014 Guidance

July Full-Year

2014 Guidance

NA EMEA NA EMEA

Consumer

Replacement +4-5% +3-4% +2-3% +3-4%

Consumer OE +4-5% +2-3% +2-3% +0-1%

Commercial

Replacement +9-10% +1-2% +3-4% +0-2%

Commercial OE +10-11% -3 – -4% +2-3% -3 – -4%

Global tire industry is a growth business…led by emerging markets

31

Consumer Passenger & Light Truck Tires Industry Outlook

(a) CAGR – Compound Annual Growth Rate

(b) Estimates based on LMC Automotive forecast and internal Goodyear analysis

Industry-Leading Product Examples

32

Pre

miu

m

Mid

E

co

no

my

Commuter

Touring

Perfor-

mance All-

Terrain

Eagle

Sport

Eagle F1 &

EfficientGrip Wrangler

Adventure

Assurance

Tripletred &

Comfortred

Category Segmentation

Goodyear’s Targeted Segment Examples

Commuter

Touring Performance

All-

Terrain

New HVA products winning in high-value-added segments

Winter Winter

UltraGrip 9

$942

$207

$689

$2,356

$1,017

($321) ($295)

$712

($115)

$549

$1,822

$327

($985)

($444)

2008 2009 2010 2011 2012 2013 2014 Q3 YTD

Price/Mix Raw Materials

(e)

(d)

(c)

(b)

Price/Mix Improvements

(a) Reflects impact on Segment Operating Income. Raw Materials include the impact of raw material cost savings measures. (b) Raw material variance of $549 million includes raw material cost savings measures of $136 million. (c) Raw material variance of $1,822 million includes raw material cost savings measures of $177 million. (d) Raw material variance of $327 million includes raw material cost savings measures of $249 million. (e) Raw material variance of ($985) million includes raw material cost savings measures of $228 million. (f) Raw material variance of ($444) million includes raw material cost savings measures of $190 million.

Price/Mix vs. Raw Materials(a)

$ in millions

(f)

33

Third Quarter 2014

Liquidity Profile

(a) Total liquidity comprised of $1,744 million cash and cash equivalents, as well as $1,982 million of unused availability under various credit agreements. (b) Includes $272 million of cash in Venezuela denominated in bolivares fuertes at 12.0 bolivares fuertes per U.S. dollar at September 30, 2014.

34

Cash &

Equivalents(b)

Available

Credit Lines

Liquidity Profile

$3.7(a)

$ In billions

$1.7

$2.0

September 30, 2014

Note: Based on September 30, 2014 balance sheet values and excludes notes payable, capital leases and other domestic and foreign debt.

(a) At September 30, 2014, the total amount outstanding under the European revolving credit facility was $353 million (€280 million). Letters of credit issued

as of this date totaled $4 million (€3 million).

(b) At September 30, 2014, our borrowing base, and therefore our availability, under the U.S. revolving credit facility was $437 million below the facility’s

stated amount of $2.0 billion. At September 30, 2014, there were no borrowings outstanding under the first lien revolving credit facility. Letters of credit

issued totaled $377 million at September 30, 2014.

(c) At September 30, 2014, the amounts available and utilized under the Pan-European securitization program of $567 million (€450 million) totaled $348

million (€276 million).

Third Quarter 2014

Maturity Schedule

$ In millions

35

$353

$1,858

$1,264

$900

$700

$150

2014 2015 2016 2017 2018 2019 2020 2021 2022 ≥ 2023

Undrawn Credit Lines

Funded Debt$2,077 (c)

$504 (a)

$2,000 (b)

$ in millions (except EPS)

36

Third Quarter 2014 Significant Items (After Tax and Minority Interest)

Net Sales 4,657$ -$ -$ -$ -$ -$ 4,657$

Cost of Goods Sold 3,516 - - - - - 3,516

Gross Margin 1,141$ -$ -$ -$ -$ -$ 1,141

SAG 653 -$ -$ -$ -$ -$ 653

Rationalizations 15 - - (15) - - -

Interest Expense 108 - - - - - 108

Other Expense 66 - (16) - (7) (3) 40

Pre-tax Income 299$ -$ 16$ 15$ 7$ 3$ 340

Taxes 100 (47) - 4 - - 57

Minority Interest 38 - - 2 1 - 41

Goodyear Net Income 161$ 47$ 16$ 9$ 6$ 3$ 242$

EPS (Diluted) 0.58$ 0.17$ 0.06$ 0.03$ 0.02$ 0.01$ 0.87$

As

Reported

As

Adjusted

Rationalizations,

Asset Write-offs,

and Accelerated

Depreciation

Charges

Discrete Tax

Items

Charges for

Labor Claims

Related to a

Closed Facility

in Europe

Net Losses on

Asset Sales

Government

Investigation

in Africa

$ in millions (except EPS)

37

Third Quarter 2013 Significant Items (After Tax and Minority Interest)

Net Sales 5,002$ -$ -$ 5,002$

Cost of Goods Sold 3,946 (5) - 3,941

Gross Margin 1,056$ 5$ -$ 1,061

SAG 686 -$ -$ 686

Rationalizations 21 (21) - -

Interest Expense 100 - - 100

Other Expense - - 3 3

Pre-tax Income 249$ 26$ (3)$ 272

Taxes 54 4 (1) 57

Minority Interest 22 3 - 25

Goodyear Net Income 173$ 19$ (2)$ 190$

EPS (Diluted) 0.62$ 0.07$ (0.01)$ 0.68$

As

Reported

Rationalizations,

Asset Write-offs,

and Accelerated

Depreciation

Charges

Net Gains on

Asset SalesAs

Adjusted

Reconciliation for Segment Operating Income / Margin

$ In millions

38

2014 2013 2014 2013 2013 2012 2011 2010 2009

Total Segment Operating Income 520$ 431$ 1,772$ 1,353$ 1,161$ 1,580$ 1,248$ 1,368$ 917$ 372$

Rationalizations (15) (21) (97) (80) (41) (58) (175) (103) (240) (227)

Interest expense (108) (100) (420) (315) (287) (392) (357) (330) (316) (311)

Other expense (66) - (227) (242) (112) (97) (139) (73) (186) (40)

Asset write-offs & accelerated depreciation - (5) (11) (3) (15) (23) (20) (50) (15) (43)

Corporate incentive compensation plans (23) (34) (98) (69) (79) (108) (69) (70) (71) (41)

Corporate pension curtailments/settlements - - (33) (33) - - 1 (15) - -

Intercompany profit elimination 5 (5) 5 (4) (5) 4 (1) (5) (14) (13)

Retained expenses of divested operations (4) (7) (18) (11) (17) (24) (14) (29) (20) (17)

Other (10) (10) (54) (35) (50) (69) (34) (75) (47) (37)

Income (Loss) before Income Taxes 299$ 249$ 819$ 561$ 555$ 813$ 440$ 618$ 8$ (357)$

United States and Foreign Taxes 100 54 170 168 136 138 203 201 172 7

Less: Minority Shareholders Net Income 38 22 91 70 25 46 25 74 52 11

Goodyear Net Income (Loss) 161$ 173$ 558$ 323$ 394$ 629$ 212$ 343$ (216)$ (375)$

Sales $4,657 $5,002 $18,573 $13,782 $14,749 $19,540 $20,992 $22,767 $18,832 $16,301

Return on Sales 3.5% 3.5% 3.0% 2.3% 2.7% 3.2% 1.0% 1.5% (1.1)% (2.3)%

Total Segment Operating Margin 11.2% 8.6% 9.5% 9.8% 7.9% 8.1% 5.9% 6.0% 4.9% 2.3%

Three Months

Ended

September 30,

Twelve Months Ended

December 31,

Nine Months

Ended

September 30,

Twelve

Months

Ended

September 30,

2014

Reconciliation for Total Debt and Net Debt

$ In millions

39

September 30, June 30, December 31, September 30,

2014 2014 2013 2013

Long term debt and capital leases 6,719$ 6,677$ 6,162$ 6,366$

Notes payable and overdrafts 38 7 14 44

Long term debt and capital leases due within one year 98 78 73 132

Total debt 6,855$ 6,762$ 6,249$ 6,542$

Less: Cash and cash equivalents 1,744 1,637 2,996 2,500

Net debt 5,111$ 5,125$ 3,253$ 4,042$

Reconciliation for Free Cash Flow from Operations

a) Working capital represents total changes in accounts receivable, inventories and accounts payable – trade.

b) Pension expense is the net periodic pension cost before curtailments, settlements and termination benefits as reported in the pension-related note in the Notes to

Consolidated Financial Statements.

c) Other includes amortization and write-off of debt issuance costs, deferred income taxes, net pension curtailments and settlements, net rationalization charges, net

(gains) losses on asset sales, net Venezuela currency remeasurement loss, customer prepayments and government grants, insurance proceeds, compensation

and benefits less pension expense, other current liabilities, and other assets and liabilities. 40

Trailing

Twelve Months

Ended

($ in millions)

Sept. 30,

2014

Sept. 30,

2013

Sept. 30,

2014 2013 2012 2011 2010

Net Income (Loss) 199$ 195$ 649$ 675$ 237$ 417$ (164)$

Depreciation and Amortization 182 182 736 722 687 715 652

Change in Working Capital (a)(362) (284) (50) 415 457 (650) 52

Pension Expense (b)36 65 196 285 307 266 300

Other (c)225 102 329 75 140 461 546

Capital Expenditures (193) (241) (1,068) (1,168) (1,127) (1,043) (944)

Free Cash Flow from Operations (non-GAAP) 87$ 19$ 792$ 1,004$ 701$ 166$ 442$

Capital Expenditures 193 241 1,068 1,168 1,127 1,043 944

Pension Contributions & Direct Payments (35) (79) (1,382) (1,162) (684) (294) (405)

Rationalization Payments (50) (17) (181) (72) (106) (142) (57)

Cash Flow from Operating Activities (GAAP) 195$ 164$ 297$ 938$ 1,038$ 773$ 924$

The amounts below are calculated from the Consolidated Statements of Cash Flows except for pension expense, which is as reported in

the pension-related note in the Notes to Consolidated Financial Statements.

Three Months

Ended

Year Ended

December 31,

EBITDAP, Adjusted Debt & Leverage Ratio Reconciliations

41

$ In millions

2013 2012 2011 2010

Net Income (Loss) $675 $237 $417 ($164)

Interest Expense 392 357 330 316

Income Tax Expense 138 203 201 172

Depreciation and Amortization 722 687 715 652

Net Periodic Pension Cost(a)

285 307 266 300

Other(b)

155 314 176 426

EBITDAP, as adjusted $2,367 $2,105 $2,105 $1,702

2013 2012 2011 2010

Notes Payable and Overdrafts 14 102 256 238

Long Term Debt / Capital Leases due Within a Year 73 96 156 188

Long Term Debt and Capital Leases 6,162 4,888 4,789 4,319

Total Debt $6,249 $5,086 $5,201 $4,745

Unfunded Pension Liability $1,855 $3,522 $3,097 $2,549

Adjusted Debt $8,104 $8,608 $8,298 $7,294

Adjusted Debt/EBITDAP 3.42x 4.09x 3.94x 4.29x

Year Ended December 31,

a) Net periodic pension cost excludes curtailments/settlements and termination benefits.

b) Other includes rationalization charges and other (income) and expense.