NEW YORK (Standard&Poor's) July 28, 2011--Standard&Poor's Ratings Services said today that second-quarter 2011 results for Akron, Ohio-based The Goodyear Tire&Rubber Co. (BB-/Stable/--) were overall consistent with the current rating but that cash use continued, partly because of higher working capital and capital investments. We estimate that the company used about $1.2 billion in free operating cash flow (FOCF) for the first six months, due in part to higher seasonal working capital requirements, reflecting elevated raw material prices and a weaker U.S. dollar. In the second quarter, sales were $5.6 billion, up 24.1% from the quarter a year ago, because of a better price mix and an increase in other tire-related businesses. The company's segment
