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CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues (Note 3) $ 37,501 $ 36,990 $ 91,192 $ 116,185
Costs and expenses        
Cost of sales 31,223 32,282 79,677 99,881
Selling, administrative, and other expenses 2,266 2,601 6,663 8,169
Total costs and expenses 35,150 37,251 93,158 115,154
Operating income/(loss) 2,351 (261) (1,966) 1,031
Other income/(loss), net 845 534 5,843 1,434
Equity in net income/(loss) of affiliated companies 58 (16) (8) 96
Income/(Loss) before income taxes 2,756 (19) 2,694 1,796
Income Tax Expense (Benefit) 366 (442) 1,179 40
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 2,390 423 1,515 1,756
Less: Income/(Loss) attributable to noncontrolling interests 5 (2) 6 37
Net Income (Loss) Available to Common Stockholders, Basic $ 2,385 $ 425 $ 1,509 $ 1,719
Basic income        
Basic income (in dollars per share) $ 0.60 $ 0.11 $ 0.38 $ 0.43
Diluted income        
Diluted income (in dollars per share) $ 0.60 $ 0.11 $ 0.38 $ 0.43
Weighted Average Number of Shares Outstanding, Basic 3,976 3,970 3,971 3,976
Weighted Average Number of Shares Outstanding, Diluted 4,005 4,007 3,997 4,006
Operating Segments | Automotive        
Revenue from Contract with Customer, Including Assessed Tax $ 34,707 $ 33,931 $ 82,669 $ 106,928
Revenues        
Total revenues (Note 3) 34,707 33,931 82,669 106,928
Costs and expenses        
Interest expense on Automotive debt 487 262 1,140 723
Equity in net income/(loss) of affiliated companies 115 (27) 59 62
Income/(Loss) before income taxes 2,644 1,329 378 4,711
Operating Segments | Ford Credit        
Revenue from Contract with Customer, Including Assessed Tax 2,774 3,045 8,480 9,231
Revenues        
Total revenues (Note 3) 2,774 3,045 8,480 9,231
Costs and expenses        
Ford Credit interest, operating, and other expenses 1,661 2,368 6,818 7,104
Equity in net income/(loss) of affiliated companies 4 9 12 23
Income/(Loss) before income taxes 1,123 736 1,696 2,368
Operating Segments | All Other        
Costs and expenses        
Interest expense on Automotive debt 11 14 35 42
Operating Segments | Mobility        
Revenue from Contract with Customer, Including Assessed Tax 20 14 43 26
Revenues        
Total revenues (Note 3) 20 14 43 26
Costs and expenses        
Equity in net income/(loss) of affiliated companies (58) 2 (70) 11
Income/(Loss) before income taxes $ (281) $ (290) $ (947) $ (842)