Equity in Net Assets of Affiliated Companies

12 Months Ended

Dec. 31, 2012

EQUITY IN NET ASSETS OF AFFILIATED COMPANIES [Abstract]

Equity in Net Assets of Affiliated Companies

EQUITY IN NET ASSETS OF AFFILIATED COMPANIES

We use the equity method of accounting for our investments in entities over which we do not have control, but over whose operating and financial policies we are able to exercise significant influence.

Ownership Percentages and Investment Balances

The following table reflects our ownership percentages and carrying value of equity method investments (in millions, except percentages):

	Ownership Percentage		Investment Balance
Automotive Sector	December 31, 2012		December 31, 2012		December 31, 2011
Changan Ford Automobile Corporation, Ltd ("CAF") (a)	50.0	%	$	990	$	—
Changan Ford Mazda Automobile Corporation, Ltd ("CFMA") (a)	—		—		468
Jiangling Motors Corporation, Ltd	30.0		419		373
AutoAlliance International, Inc ("AAI") (a)	—		—		372
Ford Otomotiv Sanayi Anonim Sirketi ("Ford Otosan")	41.0		394		369
AutoAlliance (Thailand) Co., Ltd.	50.0		391		367
FordSollers Netherlands B.V. ("FordSollers") (a)	50.0		407		361
Getrag Ford Transmissions GmbH ("GFT")	50.0		242		229
Ford Romania S.A. ("Ford Romania") (b)	100.0		63		92
Tenedora Nemak, S.A. de C.V.	6.8		73		68
Changan Ford Mazda Engine Company, Ltd.	25.0		50		33
DealerDirect LLC	97.7		25		18
OEConnection LLC	50.0		20		13
Percepta, LLC	45.0		9		7
Blue Diamond Truck, S. de R.L. de C.V.	25.0		11		7
Ford Performance Vehicles Pty Ltd.	49.0		5		6
Blue Diamond Parts, LLC	25.0		4		4
Automotive Fuel Cell Cooperation Corporation	30.0		5		4
Other	Various		4		6
Total Automotive sector			3,112		2,797
Financial Services Sector
Forso Nordic AB	50.0		71		71
FFS Finance South Africa (Pty) Limited	50.0		39		43
RouteOne LLC	30.0		20		15
CNF-Administradora de Consorcio Nacional Ltda.	33.3		4		10
Total Financial Services sector			134		139
Total Company			$	3,246	$	2,936

__________

(a) See Note 25 for additional information.

(b) Although we manage the day-to-day operations for Ford Romania, through December 31, 2012 the Romanian government contractually maintained the ability to influence key decisions regarding the business, including implementation of the business plan, employment levels, and capital expenditure and investment levels. As a result, we did not consolidate our investment in Ford Romania as of year-end 2012.

We received $610 million, $316 million, and $337 million of dividends from these affiliated companies for the years ended December 31, 2012, 2011, and 2010, respectively.