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CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 47,808 $ 44,954 $ 90,585 $ 86,428
Costs and expenses        
Cost of sales 40,489 37,471 76,965 72,140
Selling, administrative, and other expenses 2,678 2,750 5,054 5,256
Total costs and expenses 45,925 42,493 87,477 81,854
Operating income/(loss) 1,883 2,461 3,108 4,574
Interest expense on Company debt excluding Ford Credit 270 304 548 612
Other income/(loss), net 628 255 1,126 479
Equity in net income/(loss) of affiliated companies 197 (124) 364 6
Income/(Loss) before income taxes 2,438 2,288 4,050 4,447
Provision for/(Benefit from) income taxes 605 272 883 768
Net income/(loss) 1,833 2,016 3,167 3,679
Less: Income/(Loss) attributable to noncontrolling interests 2 99 4 5
Net income/(loss) attributable to Ford Motor Company $ 1,831 $ 1,917 $ 3,163 $ 3,674
Basic income        
Basic income (in dollars per share) $ 0.46 $ 0.48 $ 0.79 $ 0.92
Diluted income        
Diluted income (in dollars per share) $ 0.46 $ 0.47 $ 0.79 $ 0.91
Weighted Average Number of Shares Outstanding, Basic 3,985 4,003 3,982 3,996
Weighted Average Number of Shares Outstanding, Diluted 4,022 4,041 4,022 4,035
Ford Credit        
Revenues        
Total revenues $ 2,997 $ 2,527 $ 5,884 $ 4,916
Costs and expenses        
Ford Credit interest, operating, and other expenses 2,758 2,272 5,458 4,458
Company excluding Ford Credit        
Revenues        
Total revenues $ 44,811 $ 42,427 $ 84,701 $ 81,512