Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

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

Key financial information for the periods ended or at March 31 was as follows (in millions):

	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Corporate Other		Interest on Debt		Special Items			Eliminations/Adjustments			Total
First Quarter 2022
External Revenues	$	20,810	$	972	$	10,324	$	84	$	2,281	$	5	$	—	$	—		$	—		$	34,476
Intersegment Revenues (a)	7,254		27		—		—		—		—		—		—			(7,281)			—
Total Revenues	$	28,064	$	999	$	10,324	$	84	$	2,281	$	5	$	—	$	—		$	(7,281)		$	34,476
Income/(Loss) before income taxes	$	1,328	$	(380)	$	491	$	(242)	$	928	$	201	$	(308)	$	(5,866)	(b)	$	—		$	(3,848)
Equity in net income/(loss) of affiliated companies	56		(2)		85		(75)		6		1		—		(104)		(c)	—			(33)
Total assets	58,329		2,951		1,679		3,501		132,582		54,608		—		—			(664)		(d)	252,986
	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Corporate Other		Interest on Debt		Special Items			Eliminations/Adjustments			Total
First Quarter 2023
External Revenues	$	25,124	$	707	$	13,249	$	1	$	2,389	$	4	$	—	$	—		$	—		$	41,474
Intersegment Revenues (a)	9,177		9		—		—		—		—		—		—			(9,186)			—
Total Revenues	$	34,301	$	716	$	13,249	$	1	$	2,389	$	4	$	—	$	—		$	(9,186)		$	41,474
Income/(loss) before income taxes	$	2,623	$	(722)	$	1,366	$	(44)	$	303	$	(147)	$	(308)	$	(912)	(e)	$	—		$	2,159
Equity in net income/(loss) of affiliated companies	55		(3)		117		(12)		7		—		—		(34)			—			130
Total assets	57,990		7,242		2,668		371		138,225		52,427		—		—			(2,123)		(d)	256,800

__________

(a)Intersegment revenues only reflect finished vehicle transactions between Ford Blue, Ford Model e, and Ford Pro where there is an intersegment markup and are recognized at the time of the intersegment transaction.

(b)Primarily reflects gains/(losses) on our Rivian investment.

(c)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.

(d)Primarily includes eliminations of intersegment transactions occurring in the ordinary course of business.

(e)Primarily reflects restructuring actions in Europe and China and mark-to-market adjustments for our global pension and OPEB plans.