Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

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):

	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Corporate Other		Interest on Debt		Special Items			Eliminations/Adjustments			Total
Second Quarter 2023
External revenues	$	25,002	$	1,834	$	15,589	$	—	$	2,527	$	2	$	—	$	—		$	—		$	44,954
Intersegment revenues (a)	10,206		172		—		—		—		—		—		—			(10,378)			—
Total revenues	$	35,208	$	2,006	$	15,589	$	—	$	2,527	$	2	$	—	$	—		$	(10,378)		$	44,954
Income/(Loss) before income taxes	$	2,308	$	(1,080)	$	2,391	$	(26)	$	390	$	(197)	$	(304)	$	(1,194)	(b)	$	—		$	2,288
Equity in net income/(loss) of affiliated companies	104		(3)		160		(6)		7		1		—		(387)		(c)	—			(124)
Total assets	58,475		9,420		2,754		253		143,155		54,063		—		—			(2,129)		(d)	265,991
Second Quarter 2024
External revenues	$	26,670	$	1,149	$	16,988	$	2	$	2,997	$	2	$	—	$	—		$	—		$	47,808
Intersegment revenues (a)	11,306		112		—		—		—		—		—		—			(11,418)			—
Total revenues	$	37,976	$	1,261	$	16,988	$	2	$	2,997	$	2	$	—	$	—		$	(11,418)		$	47,808
Income/(loss) before income taxes	$	1,171	$	(1,143)	$	2,564	$	(13)	$	343	$	(165)	$	(270)	$	(49)	(e)	$	—		$	2,438
Equity in net income/(loss) of affiliated companies	96		(20)		111		(1)		10		—		—		1			—			197
Total assets	59,863		16,810		3,287		174		150,159		49,936		—		—			(3,643)		(d)	276,586
	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Corporate Other		Interest on Debt		Special Items			Eliminations/Adjustments			Total
First Half 2023
External revenues	$	50,126	$	2,541	$	28,838	$	1	$	4,916	$	6	$	—	$	—		$	—		$	86,428
Intersegment revenues (a)	19,383		181		—		—		—		—		—		—			(19,564)			—
Total revenues	$	69,509	$	2,722	$	28,838	$	1	$	4,916	$	6	$	—	$	—		$	(19,564)		$	86,428
Income/(Loss) before income taxes	$	4,931	$	(1,802)	$	3,757	$	(70)	$	693	$	(344)	$	(612)	$	(2,106)	(b)	$	—		$	4,447
Equity in net income/(loss) of affiliated companies	159		(6)		277		(18)		14		1		—		(421)		(c)	—			6
First Half 2024
External revenues	$	48,424	$	1,264	$	35,007	$	3	$	5,884	$	3	$	—	$	—		$	—		$	90,585
Intersegment revenues (a)	23,047		133		—		—		—		—		—		—			(23,180)			—
Total revenues	$	71,471	$	1,397	$	35,007	$	3	$	5,884	$	3	$	—	$	—		$	(23,180)		$	90,585
Income/(loss) before income taxes	$	2,076	$	(2,463)	$	5,572	$	(22)	$	669	$	(312)	$	(548)	$	(922)	(f)	$	—		$	4,050
Equity in net income/(loss) of affiliated companies	158		(39)		228		(2)		18		—		—		1			—			364

__________

(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 restructuring actions, mark-to-market adjustments for our global pension and OPEB plans, and an accrual for the Transit Connect customs matter (relating to certain Transit Connect vehicles produced between 2009 and 2013).

(c)Primarily reflects our share of charges from an equity method investment resulting from Ford’s ongoing restructuring actions in China.

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

(e)Primarily reflects restructuring actions in Europe (which triggered remeasurement of certain European pension plans) and updated assumptions for the duration of the Oakville Assembly Plant changeover, which is now shorter than originally planned.

(f)Primarily reflects restructuring actions in Europe, buyouts for hourly employees in North America, and the extended duration of the Oakville Assembly Plant changeover