v3.24.1.u1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2024
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 BlueFord Model eFord ProFord NextFord CreditCorporate
Other		Interest
on Debt		Special ItemsEliminations/AdjustmentsTotal
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)$(912)(b)$— $2,159 
Equity in net income/(loss) of affiliated companies55 (3)117 (12)7 — — (34)— 130 
Total assets57,990 7,242 2,668 371 138,225 52,427 — — (2,123)(c)256,800 
First Quarter 2024     
External revenues$21,754 $115 $18,019 $1 $2,887 $1 $— $— $— $42,777 
Intersegment revenues (a)11,741 21 — — — — — — (11,762)— 
Total revenues$33,495 $136 $18,019 $1 $2,887 $1 $— $— $(11,762)$42,777 
Income/(loss) before income taxes$905 $(1,320)$3,008 $(9)$326 $(147)$(278)$(873)(d)$— $1,612 
Equity in net income/(loss) of affiliated companies62 (19)117 (1)8 — — — — 167 
Total assets61,372 14,996 3,659 177 148,901 48,613 — — (3,377)(c)274,341 
__________
(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 in Europe and China and mark-to-market adjustments for our global pension and OPEB plans.
(c)Primarily includes eliminations of intersegment transactions occurring in the ordinary course of business.
(d)Primarily reflects restructuring actions in Europe, the extended duration of the EV program changeover at Oakville, and buyouts for hourly employees in North America.