Capital Stock and Earnings Per Share (Notes)

9 Months Ended

Sep. 30, 2022

CAPITAL STOCK AND EARNINGS/(LOSS) PER SHARE

Earnings/(Loss) Per Share Attributable to Ford Motor Company Common and Class B Stock

Basic and diluted earnings/(loss) per share were calculated using the following (in millions):


	Third Quarter				First Nine Months
	2021		2022		2021		2022
Net income/(loss) attributable to Ford Motor Company	$	1,832	$	(827)	$	5,655	$	(3,270)

Basic and Diluted Shares
Basic shares (average shares outstanding)	3,995		4,021		3,989		4,017
Net dilutive options, unvested restricted stock units, unvested restricted stock shares, and convertible debt (a)	41		—		38		—
Diluted shares	4,036		4,021		4,027		4,017

__________

(a) In the third quarter and first nine months of 2022, there were 38 million and 42 million shares, respectively, excluded from the calculation of diluted earnings/(loss) per share, due to their anti-dilutive effect.