Accumulated Other Comprehensive Income/(Loss) (Notes)

The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the periods ended September 30 were as follows (in millions):


	Third Quarter				First Nine Months
	2023		2024		2023		2024
Foreign currency translation
Beginning balance	$	(5,649)	$	(6,077)	$	(6,416)	$	(5,443)
Gains/(Losses) on foreign currency translation	(368)		471		393		(143)
Less: Tax/(Tax benefit) (a)	(1)		(23)		(11)		(4)
Net gains/(losses) on foreign currency translation	(367)		494		404		(139)
(Gains)/Losses reclassified from AOCI to net income (b)	(2)		(64)		(6)		(65)
Other comprehensive income/(loss), net of tax (c)	(369)		430		398		(204)
Ending balance	$	(6,018)	$	(5,647)	$	(6,018)	$	(5,647)

Marketable securities
Beginning balance	$	(376)	$	(150)	$	(442)	$	(170)
Gains/(Losses) on available for sale securities	30		237		98		252
Less: Tax/(Tax benefit)	7		57		24		60
Net gains/(losses) on available for sale securities	23		180		74		192
(Gains)/Losses reclassified from AOCI to net income	6		—		26		11
Less: Tax/(Tax benefit)	1		—		6		3
Net (gains)/losses reclassified from AOCI to net income (d)	5		—		20		8
Other comprehensive income/(loss), net of tax	28		180		94		200
Ending balance	$	(348)	$	30	$	(348)	$	30

Derivative instruments
Beginning balance	$	(295)	$	(83)	$	129	$	(331)
Gains/(Losses) on derivative instruments	430		(377)		(61)		(18)
Less: Tax/(Tax benefit)	111		(89)		(16)		(5)
Net gains/(losses) on derivative instruments	319		(288)		(45)		(13)
(Gains)/Losses reclassified from AOCI to net income	(3)		(5)		(69)		(40)
Less: Tax/(Tax benefit)	(9)		(1)		(15)		(9)
Net (gains)/losses reclassified from AOCI to net income (e)	6		(4)		(54)		(31)
Other comprehensive income/(loss), net of tax	325		(292)		(99)		(44)
Ending balance	$	30	$	(375)	$	30	$	(375)

Pension and other postretirement benefits
Beginning balance	$	(2,604)	$	(3,047)	$	(2,610)	$	(3,098)
Amortization and recognition of prior service costs/(credits)	8		71		20		135
Less: Tax/(Tax benefit)	2		18		5		33
Net prior service costs/(credits) reclassified from AOCI to net income	6		53		15		102
Translation impact on non-U.S. plans	1		(3)		(2)		(1)
Other comprehensive income/(loss), net of tax	7		50		13		101
Ending balance	$	(2,597)	$	(2,997)	$	(2,597)	$	(2,997)

Total AOCI ending balance at September 30	$	(8,933)	$	(8,989)	$	(8,933)	$	(8,989)

(a)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future. However, we have made elections to tax certain non-U.S. operations simultaneously in U.S. tax returns, and have recorded deferred taxes for temporary differences that will reverse, independent of repatriation plans, in U.S. tax returns. Taxes or tax benefits resulting from foreign currency translation of the temporary differences are recorded in Other comprehensive income/(loss), net of tax.

(b)Includes the reclassification of foreign currency translation net gains of $64 million and $65 million in the third quarter and first nine months of 2024, respectively, to Other income/(loss), net related to the substantial liquidation of certain Ford Credit investments in Europe.

(c)Excludes a $2 million loss and a $2 million gain in the third quarter and first nine months of 2023, respectively, and a $1 million gain and a $0 loss in the third quarter and first nine months of 2024, respectively, related to a noncontrolling interest.

(d)Reclassified to Other income/(loss), net.

(e)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net losses on cash flow hedges of $238 million (see Note 13).