Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

SELECTED QUARTERLY FINANCIAL DATA [Abstract]

SELECTED QUARTERLY FINANCIAL DATA

SELECTED QUARTERLY FINANCIAL DATA (unaudited)

Selected financial data by calendar quarter were as follows (in millions, except per share amounts):

	2011								2010
Automotive Sector	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Sales	$	31,038	$	33,476	$	31,043	$	32,611	$	28,894	$	32,564	$	27,592	$	30,230
Operating income/(loss)	2,119		1,878		1,224		542		1,535		2,312		1,334		608
Income/(Loss) before income taxes	2,070		2,004		1,241		935		1,320		1,972		1,126		(272		)
Financial Services Sector
Revenues	2,076		2,051		2,004		1,965		2,672		2,503		2,301		2,198
Income/(Loss) before income taxes	706		602		605		518		815		875		761		552
Total Company
Income/(Loss) before income taxes	2,776		2,606		1,846		1,453		2,135		2,847		1,887		280
Amounts Attributable to Ford Motor Company Common and Class B Shareholders
Income/(Loss) from continuing operations before cumulative effects of changes in accounting principles	2,551		2,398		1,649		13,615		2,085		2,599		1,687		190
Net income/(loss)	2,551		2,398		1,649		13,615		2,085		2,599		1,687		190
Common and Class B per share from income/(loss) from continuing operations before cumulative effects of changes in accounting principles
Basic	0.68		0.63		0.43		3.58		0.62		0.76		0.49		0.05
Diluted	0.61		0.59		0.41		3.40		0.50		0.61		0.43		0.05

Certain of the quarterly results identified above include material unusual or infrequently occurring items as follows:

The pre-tax income of $1.5 billion in the fourth quarter of 2011 includes a $401 million gain related to the sale of our Russian operations to the newly-created FordSollers joint venture, which began operations on October 1, 2011.

The net income/(loss) attributable to Ford Motor Company of $13.6 billion in the fourth quarter of 2011 includes a $12.4 billion favorable item, reflecting the release of almost all of the valuation allowance against our net deferred tax assets.

The pre-tax income of $280 million in the fourth quarter of 2010 includes a $962 million loss on the conversion of our 2016 and 2036 Convertible Notes to Ford Common Stock.