Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Key financial information for the years ended or at December 31 was as follows (in millions):


	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Unallocated Amounts and Eliminations (a)		Total
2022
External revenues	$	94,762	$	5,253	$	48,939	$	99	$	8,978	$	26	$	158,057
Intersegment revenues (b)	36,020		121		—		—		—		(36,141)		—
Total revenues	$	130,782	$	5,374	$	48,939	$	99	$	8,978	$	(36,115)	$	158,057
Other segment items (c)	123,935		7,507		45,717		1,025		6,321
Segment EBIT/EBT	$	6,847	$	(2,133)	$	3,222	$	(926)	$	2,657			$	9,667
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other													748
Interest on debt (excludes $3,334 of Ford Credit interest on debt)													(1,259)
Special items (d)													(12,172)
Income/(Loss) before income taxes													$	(3,016)

Other Segment Disclosures
Depreciation and tooling amortization	$	3,365	$	249	$	1,522	$	5	$	2,281	$	252	$	7,674
Investment-related interest income	59		—		16		—		178		386		639
Equity in net income/(loss) of affiliated companies	270		(15)		412		(315)		27		(3,262)		(2,883)
Cash outflow for capital spending (e)	4,702		1,336		26		23		58		721		6,866
Total assets	56,023		5,285		2,177		392		137,954		54,053		255,884

2023
External Revenues	$	101,934	$	5,897	$	58,058	$	3	$	10,290	$	9	$	176,191
Intersegment Revenues (b)	38,693		629		—		—		—		(39,322)		—
Total Revenues	$	140,627	$	6,526	$	58,058	$	3	$	10,290	$	(39,313)	$	176,191
Other segment items (c)	133,165		11,227		50,836		141		8,959
Segment EBIT/EBT	$	7,462	$	(4,701)	$	7,222	$	(138)	$	1,331			$	11,176
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other													(760)
Interest on debt (excludes $6,311 of Ford Credit interest on debt)													(1,302)
Special items (f)													(5,147)
Income/(Loss) before income taxes													$	3,967

Other Segment Disclosures
Depreciation and tooling amortization	$	3,378	$	505	$	1,291	$	12	$	2,354	$	150	$	7,690
Investment-related interest income	110		1		32		—		522		902		1,567
Equity in net income/(loss) of affiliated companies	337		(37)		589		(29)		32		(478)		414
Cash outflow for capital spending (e)	4,963		2,861		7		6		80		319		8,236
Total assets	58,990		13,648		2,942		207		148,521		49,002		273,310

NOTE 25. SEGMENT INFORMATION (Continued)


	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Unallocated Amounts and Eliminations (a)		Total
2024
External Revenues	$	101,935	$	3,852	$	66,906	$	7	$	12,286	$	6	$	184,992
Intersegment Revenues (b)	43,442		257		—		—		—		(43,699)		—
Total Revenues	$	145,377	$	4,109	$	66,906	$	7	$	12,286	$	(43,693)	$	184,992
Other segment items (c)	140,093		9,185		57,891		57		10,632
Segment EBIT/EBT	$	5,284	$	(5,076)	$	9,015	$	(50)	$	1,654			$	10,827

Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other													(619)
Interest on debt (excludes $7,583 of Ford Credit interest on debt)													(1,115)
Special items (g)													(1,860)
Income/(Loss) before income taxes													$	7,233

Other Segment Disclosures
Depreciation and tooling amortization	$	2,952	$	556	$	1,394	$	12	$	2,529	$	124	$	7,567
Investment-related interest income	167		2		52		—		500		819		1,540
Equity in net income/(loss) of affiliated companies	240		(66)		482		(3)		42		(17)		678
Cash outflow for capital spending (e)	4,490		3,843		37		3		94		217		8,684
Total assets	58,791		17,074		3,469		151		157,534		48,177		285,196

__________

(a)Unallocated amounts include Corporate Other (see above description of corporate expenses and corporate assets) and Special Items. Eliminations include intersegment transaction occurring in the ordinary course of business.

(b)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.

(c)Other segment items for the Ford Blue, Ford Model e, and Ford Pro segments primarily consists of: material costs (including commodities and components and purchased vehicles from partners), manufacturing costs (including hourly and salaried wages and fringe, and plant overhead such as utilities and taxes), warranty coverages and field service action costs (including estimated costs to repair, replace, or adjust parts on a vehicle that are defective in factory supplied materials or workmanship), freight & duty costs (including related to the receiving and shipping of components and vehicles), vehicle and software engineering and connectivity costs (including wages and fringe for personnel, prototype materials, testing, and outside services), spending-related costs (including depreciation and amortization of manufacturing and engineering assets, asset retirements and operating leases), advertising and sales promotions costs (including costs for advertising, marketing programs, brand promotions, customer mailings and promotional events, and auto shows), and administrative, information technology, and selling costs (including primarily wages and fringe for salaried personnel and purchased services). Other segment items for the Ford Next segment primarily consists of administrative and information technology costs. Other segment items for the Ford Credit segment primarily consists of interest expense and depreciation.

(d)Primarily reflects losses on our Rivian investment and the impairment of our Argo AI equity method investment.

(e)Ford Blue includes $305 million, $909 million, and $844 million of spending attributable to electric vehicles at shared manufacturing plants in 2022, 2023, and 2024, respectively. Total electric vehicle spending, including Ford Blue and Ford Model e, was $1,641 million, $3,770 million, and $4,687 million in 2022, 2023, and 2024, respectively.

(f)Primarily reflects mark-to-market adjustments for our global pension and OPEB plans, restructuring actions in Europe and China, and an accrual for the Transit Connect customs matter.

(g)Includes a write-down of certain product-specific assets of $391 million and other expenses of $809 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, partially offset by mark-to-market adjustments for our global pension and OPEB plans.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Total Company revenues and long-lived assets, split geographically by our country of domicile (the United States) and other countries where our major subsidiaries are domiciled, for the years ended December 31 were as follows (in millions):


	2022				2023				2024
	Revenues		Long-Lived Assets (a)		Revenues		Long-Lived Assets (a)		Revenues		Long-Lived Assets (a)
United States	$	105,481	$	41,925	$	116,995	$	42,235	$	124,968	$	45,392
Canada	12,590		5,739		13,391		6,147		13,412		6,548
United Kingdom	8,220		1,264		8,968		1,868		9,936		2,174
Mexico	1,813		4,255		2,774		5,222		2,634		4,352
All Other	29,953		6,854		34,063		6,733		34,042		6,409
Total Company	$	158,057	$	60,037	$	176,191	$	62,205	$	184,992	$	64,875

__________

(a) Includes Net property and Net investment in operating leases from our consolidated balance sheets.