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CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Total revenues $ 36,228 $ 34,320
Costs and expenses    
Cost of sales 29,297 30,522
Selling, administrative, and other expenses 2,843 2,432
Total costs and expenses 33,764 35,878
Operating income/(loss) 2,464 (1,558)
Other income/(loss), net 1,872 680
Equity in net income/(loss) of affiliated companies 79 (41)
Income/(Loss) before income taxes 3,942 (1,146)
Income Tax Expense (Benefit) 680 847
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 3,262 (1,993)
Less: Income/(Loss) attributable to noncontrolling interests 0 0
Net Income (Loss) Available to Common Stockholders, Basic $ 3,262 $ (1,993)
Basic income    
Basic income (in dollars per share) $ 0.82 $ (0.50)
Diluted income    
Diluted income (in dollars per share) $ 0.81 $ (0.50)
Weighted Average Number of Shares Outstanding, Basic 3,980 3,963
Weighted Average Number of Shares Outstanding, Diluted 4,016 3,963
Operating Segments | Automotive    
Total revenues $ 33,554 $ 31,342
Costs and expenses    
Equity in net income/(loss) of affiliated companies 174 (47)
Income/(Loss) before income taxes 3,403 (154)
Operating Segments | Ford Credit    
Total revenues 2,663 2,967
Costs and expenses    
Ford Credit interest, operating, and other expenses 1,624 2,924
Equity in net income/(loss) of affiliated companies 5 6
Income/(Loss) before income taxes 962 30
Operating Segments | Mobility    
Total revenues 11 11
Costs and expenses    
Equity in net income/(loss) of affiliated companies (59) 0
Income/(Loss) before income taxes (197) (285)
Operating Segments | Company excluding Ford Credit    
Total revenues 33,565 31,353
Costs and expenses    
Interest expense on Company debt excluding Ford Credit $ 473 $ 227