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CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Total revenues (Note 3) $ 19,371 $ 38,853 $ 53,691 $ 79,195
Costs and expenses        
Cost of sales 17,932 33,657 48,454 67,599
Selling, administrative, and other expenses 1,965 2,725 4,397 5,568
Total costs and expenses 22,130 38,763 58,008 77,903
Operating income/(loss) (2,759) 90 (4,317) 1,292
Other income/(loss), net 4,318 272 4,998 900
Equity in net income/(loss) of affiliated companies (25) 87 (66) 112
Income/(Loss) before income taxes 1,084 205 (62) 1,815
Provision for/(Benefit from) income taxes 34 (55) (813) (482)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 1,118 150 (875) 1,333
Less: Income/(Loss) attributable to noncontrolling interests 1 2 1 39
Net Income (Loss) Available to Common Stockholders, Basic $ 1,117 $ 148 $ (876) $ 1,294
Basic income        
Basic income (in dollars per share) $ 0.28 $ 0.04 $ (0.22) $ 0.33
Diluted income        
Diluted income (in dollars per share) $ 0.28 $ 0.04 $ (0.22) $ 0.32
Weighted Average Number of Shares Outstanding, Basic 3,975 3,984 3,969 3,979
Weighted Average Number of Shares Outstanding, Diluted 3,992 4,013 3,969 4,005
Operating Segments | Automotive        
Revenue from Contract with Customer, Including Assessed Tax $ 16,622 $ 35,758 $ 47,962 $ 72,997
Revenues        
Total revenues (Note 3) 16,622 35,758 47,962 72,997
Costs and expenses        
Interest expense on Automotive debt 439 230 653 461
Equity in net income/(loss) of affiliated companies (9) 72 (56) 89
Income/(Loss) before income taxes (2,089) 1,373 (2,266) 3,382
Operating Segments | Ford Credit        
Revenue from Contract with Customer, Including Assessed Tax 2,739 3,089 5,706 6,186
Revenues        
Total revenues (Note 3) 2,739 3,089 5,706 6,186
Costs and expenses        
Ford Credit interest, operating, and other expenses 2,233 2,381 5,157 4,736
Equity in net income/(loss) of affiliated companies 2 8 8 14
Income/(Loss) before income taxes 543 831 573 1,632
Operating Segments | All Other        
Costs and expenses        
Interest expense on Automotive debt 11 14 24 28
Operating Segments | Mobility        
Revenue from Contract with Customer, Including Assessed Tax 10 6 23 12
Revenues        
Total revenues (Note 3) 10 6 23 12
Costs and expenses        
Equity in net income/(loss) of affiliated companies (12) 7 (12) 9
Income/(Loss) before income taxes $ (332) $ (264) $ (666) $ (552)