Vintage 1970s B.f. Goodrich Challenger & Free Spirit Bicycle

Believe these to be from the very late 1970s or the very beginning of the 1980s. Both are decals.  One says B.F. Goodrich Challenger and is in overall good condition with a scratch in the top right blue section.  It is shaped like a head badge. The other says Free Spirit and I think went on the frame of a bike.  Not sure if is Goodrich, but the color matches.  I saw a Free Spirit Bike online from Sears as well, but the color scheme was different.  I am not a bike person so I really don't know.  It shows some discoloration in the letters (bleeding of the paint?).  I took a close up so I think you can see what I mean.

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