v3.24.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Key financial information for the periods ended or at September 30 was as follows (in millions):
 Ford BlueFord Model eFord ProFord NextFord CreditCorporate
Other		Interest
on Debt		Special ItemsEliminations/AdjustmentsTotal
Third Quarter 2023     
External revenues$25,587 $1,758 $13,829 $1 $2,625 $1 $— $— $— $43,801 
Intersegment revenues (a)8,925 241 — — — — — — (9,166)— 
Total revenues$34,512 $1,999 $13,829 $1 $2,625 $1 $— $— $(9,166)$43,801 
Income/(Loss) before income taxes$1,718 $(1,329)$1,654 $(17)$358 $(186)$(324)$(487)(b)$— $1,387 
Equity in net income/(loss) of affiliated companies90 (9)179 (5)9 — — (1)— 263 
Total assets60,282 10,966 3,137 235 142,615 53,097 — — (2,259)(c)268,073 
Third Quarter 2024     
External revenues$26,238 $1,173 $15,655 $2 $3,127 $1 $— $— $— $46,196 
Intersegment revenues (a)10,577 74 — — — — — — (10,651)— 
Total revenues$36,815 $1,247 $15,655 $2 $3,127 $1 $— $— $(10,651)$46,196 
Income/(loss) before income taxes$1,627 $(1,224)$1,814 $(10)$544 $(201)$(272)$(1,409)(d)$— $869 
Equity in net income/(loss) of affiliated companies69 (13)82 — 10 (1)— — — 147 
Total assets60,477 17,540 3,833 157 156,416 51,884 — — (3,260)(c)287,047 
Ford BlueFord Model eFord ProFord NextFord CreditCorporate
Other		Interest
on Debt		Special ItemsEliminations/AdjustmentsTotal
First Nine Months 2023     
External revenues$75,713 $4,299 $42,667 $2 $7,541 $7 $— $— $— $130,229 
Intersegment revenues (a)28,308 422 — — — — — — (28,730)— 
Total revenues$104,021 $4,721 $42,667 $2 $7,541 $7 $— $— $(28,730)$130,229 
Income/(Loss) before income taxes$6,649 $(3,131)$5,411 $(87)$1,051 $(530)$(936)$(2,593)(b)$— $5,834 
Equity in net income/(loss) of affiliated companies249 (15)456 (23)23 1 — (422)(e)— 269 
First Nine Months 2024     
External revenues$74,662 $2,437 $50,662 $5 $9,011 $4 $— $— $— $136,781 
Intersegment revenues (a)33,624 207 — — — — — — (33,831)— 
Total revenues$108,286 $2,644 $50,662 $5 $9,011 $4 $— $— $(33,831)$136,781 
Income/(loss) before income taxes$3,703 $(3,687)$7,386 $(32)$1,213 $(513)$(820)$(2,331)(f)$— $4,919 
Equity in net income/(loss) of affiliated companies227 (52)310 (2)28 (1)— 1 — 511 
__________
(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 includes eliminations of intersegment transactions occurring in the ordinary course of business.
(d)Primarily reflects a write-down of certain product-specific assets of $391 million and other expenses of $588 million related to the cancellation of a previously planned all-electric three-row SUV program, all of which was recorded in Cost of sales. The remaining items consist of pension curtailment costs and remeasurement losses (primarily related to hourly buyouts in North America) and continued restructuring actions in Europe.
(e)Primarily reflects our share of charges from an equity method investment resulting from Ford’s ongoing restructuring actions in China.
(f)Includes a write-down of certain product-specific assets of $391 million and other expenses of $588 million related to the cancellation of a previously planned all-electric three-row SUV program, all of which was recorded in Cost of sales. The amount also reflects restructuring actions in Europe, buyouts for hourly employees in North America, the extended duration of the Oakville Assembly Plant changeover, and pension curtailment and separation costs in North America and Europe.