Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

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):

	2012								2011
Automotive Sector	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	30,525	$	31,328	$	30,247	$	34,467	$	31,038	$	33,476	$	31,043	$	32,611
Income before income taxes	1,582		1,148		1,858		1,422		2,070		2,004		1,241		935
Financial Services Sector
Revenues	1,920		1,883		1,925		1,957		2,076		2,051		2,004		1,965
Income before income taxes	456		447		388		419		706		602		605		518
Total Company
Income before income taxes	2,038		1,595		2,246		1,841		2,776		2,606		1,846		1,453
Amounts Attributable to Ford Motor Company Common and Class B Shareholders
Net income	1,396		1,040		1,631		1,598		2,551		2,398		1,649		13,615
Common and Class B per share from income from continuing operations before cumulative effects of changes in accounting principles
Basic	0.37		0.27		0.43		0.42		0.68		0.63		0.43		3.58
Diluted	0.35		0.26		0.41		0.40		0.61		0.59		0.41		3.40

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

The pre-tax income of $1.8 billion in the fourth quarter of 2012 includes 1) a $250 million unfavorable item related to the U.S. salaried lump sum pension buyout program (see Note 16), and 2) a $625 million gain related to the reorganization of our equity investment in CFMA (see Note 25).

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 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.