Presentation (Notes)

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Our financial statements are presented in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X. We show certain of our financial statements on both a consolidated and a sector basis for our Automotive and Financial Services sectors. Intercompany items have been eliminated in both the consolidated and sector balance sheets. Where the presentation of these intercompany eliminations or consolidated adjustments differs between the consolidated and sector financial statements, reconciliations of certain line items are explained below in this Note or in the related financial statements and footnotes.

In the opinion of management, these unaudited financial statements reflect a fair statement of the results of operations and financial condition of Ford Motor Company, its consolidated subsidiaries, and consolidated VIEs of which we are the primary beneficiary for the periods and at the dates presented. The results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. Reference should be made to the financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2015 (“2015 Form 10-K Report”). For purposes of this report, “Ford,” the “Company,” “we,” “our,” “us” or similar references mean Ford Motor Company, our consolidated subsidiaries, and our consolidated VIEs of which we are the primary beneficiary, unless the context requires otherwise.

We reclassified certain prior year amounts in our consolidated financial statements to conform to current year presentation.

Reconciliations between Consolidated and Sector Financial Statements

Sector to Consolidated Deferred Tax Assets and Liabilities. The difference between the total assets and total liabilities as presented on our sector balance sheet and consolidated balance sheet is the result of netting deferred income tax assets and liabilities. The reconciliation between the totals for the sector and consolidated balance sheets was as follows (in millions):



	March 31, 2016			December 31, 2015
Sector balance sheet presentation of deferred income tax assets
Automotive sector current deferred income tax assets	$	2,443		$	3,664
Automotive sector non-current deferred income tax assets	11,409			10,687
Financial Services sector deferred income tax assets (a)	142			135
Total	13,994			14,486
Reclassification for netting of deferred income taxes	(3,415		)	(2,977		)
Consolidated balance sheet presentation of deferred income tax assets	$	10,579		$	11,509

Sector balance sheet presentation of deferred income tax liabilities
Automotive sector current deferred income tax liabilities	$	130		$	13
Automotive sector non-current deferred income tax liabilities	302			287
Financial Services sector deferred income tax liabilities	3,539			3,179
Total	3,971			3,479
Reclassification for netting of deferred income taxes	(3,415		)	(2,977		)
Consolidated balance sheet presentation of deferred income tax liabilities	$	556		$	502

__________


(a)	Included in Financial Services Other assets on our sector balance sheet.