Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Key financial information for the periods ended or at June 30 was as follows (in millions):


	Automotive		Mobility		Ford Credit		Corporate Other		Interest on Debt		Special Items			Adjustments			Total
Second Quarter 2021
Revenues	$	24,128	$	21	$	2,603	$	—	$	—	$	—		$	—		$	26,752
Income/(Loss) before income taxes	(97)		(210)		1,623		(263)		(453)		135		(a)	—			735
Equity in net income/(loss) of affiliated companies	77		(63)		9		—		—		28			—			51
Total assets	67,513		3,574		138,098		40,411		—		—			(1,064)		(b)	248,532

Second Quarter 2022
Revenues	$	37,909	$	25	$	2,256	$	—	$	—	$	—		$	—		$	40,190
Income/(Loss) before income taxes	3,322		(221)		939		(318)		(312)		(2,619)		(c)	—			791
Equity in net income/(loss) of affiliated companies	157		(83)		4		—		—		(20)			—			58
Total assets	71,291		3,284		127,493		45,008		—		—			(1,321)		(b)	245,755

	Automotive		Mobility		Ford Credit		Corporate Other		Interest on Debt		Special Items			Adjustments			Total
First Half 2021
Revenues	$	57,682	$	32	$	5,266	$	—	$	—	$	—		$	—		$	62,980
Income/(loss) before income taxes	3,300		(417)		2,585		(503)		(926)		638		(d)	—			4,677
Equity in net income/(loss) of affiliated companies	249		(123)		14		1		—		(11)			—			130

First Half 2022
Revenues	$	70,020	$	109	$	4,537	$	—	$	—	$	—		$	—		$	74,666
Income/(loss) before income taxes	5,213		(463)		1,867		(569)		(620)		(8,485)		(c)	—			(3,057)
Equity in net income/(loss) of affiliated companies	296		(158)		10		1		—		(124)		(e)	—			25

__________

(a)Primarily reflects Global Redesign actions, mark-to-market adjustments for our global pension and OPEB plans, and gains/(losses) on investments in equity securities.

(b)Includes eliminations of intersegment transactions occurring in the ordinary course of business and deferred tax netting.

(c)Primarily reflects the loss on our Rivian investment.

(d)Primarily reflects the gain on our Rivian investment, Global Redesign actions, and mark-to-market adjustments for our global pension and OPEB plans.

(e)Primarily reflects the full impairment of our Ford Sollers Netherlands B.V. (the parent company of our joint venture in Russia) equity method investment, resulting from the ongoing regulatory and economic uncertainty in Russia.