Presentation (Notes)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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 also make reference to Ford Motor Credit Company LLC, herein referenced to as Ford Credit. Our consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We reclassified certain prior year amounts in our consolidated financial statements to conform to the current year presentation.

Certain Transactions Between Automotive, Mobility, and Ford Credit

Intersegment transactions occur in the ordinary course of business. Additional detail regarding certain transactions and the effect on each segment at December 31 was as follows (in billions):


	2020						2021
	Automotive		Mobility		Ford Credit		Automotive		Mobility		Ford Credit
Trade and other receivables (a)					$	5.9					$	7.4
Unearned interest supplements and residual support (b)					(6.5)						(4.6)
Finance receivables and other (c)					1.5						1.2
Intersegment receivables/(payables)	$	(2.7)	$	—	2.7		$	(1.4)	$	—	1.4

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(a)Automotive receivables (generated primarily from vehicle and parts sales to third parties) sold to Ford Credit.

(b)Automotive pays amounts to Ford Credit at the point of retail financing or lease origination, which represent interest supplements and residual support.

(c)Primarily receivables with entities that are consolidated subsidiaries of Ford, including a sale-leaseback agreement between Automotive and Ford Credit relating primarily to vehicles that we lease to our employees.