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Amounts Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
AMOUNTS PER SHARE
AMOUNTS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK

We present both basic and diluted earnings per share ("EPS") amounts in our financial reporting.  Basic EPS excludes dilution and is computed by dividing income available to Common and Class B Stock holders by the weighted-average number of Common and Class B Stock outstanding for the period.  Diluted EPS reflects the maximum potential dilution that could occur from our share-based compensation, including "in-the-money" stock options and unvested restricted stock units, and conversion into Ford common stock of our outstanding convertible notes.  Potential dilutive shares are excluded from the calculation if they have an anti-dilutive effect in the period.

Basic and diluted income per share were calculated using the following (in millions):
 
Second Quarter
 
First Half
 
2013
 
2012
 
2013
 
2012
Basic and Diluted Income Attributable to Ford Motor Company
 
 
 
 
 
 
 
Basic income
$
1,233

 
$
1,040

 
$
2,844

 
$
2,436

Effect of dilutive 2016 Convertible Notes (a)
11

 
10

 
24

 
21

Effect of dilutive 2036 Convertible Notes (a)
—

 
—

 
1

 
—

Diluted income
$
1,244

 
$
1,050

 
$
2,869

 
$
2,457

 
 
 
 
 
 
 
 
Basic and Diluted Shares
 

 
 

 
 
 
 
Basic shares (average shares outstanding)
3,933

 
3,815

 
3,928

 
3,809

Net dilutive options and warrants (b)
50

 
101

 
49

 
129

Dilutive 2016 Convertible Notes
98

 
95

 
97

 
95

Dilutive 2036 Convertible Notes
3

 
3

 
3

 
3

Diluted shares
4,084

 
4,014

 
4,077

 
4,036

__________
(a)
As applicable, includes interest expense, amortization of discount, amortization of fees, and other changes in income or loss that would result from the assumed conversion.
(b)
The net dilutive effect for warrants was approximately 57 million and 76 million dilutive shares for second quarter and first half 2012, respectively, representing the net share settlement methodology for the 362 million warrants outstanding as of June 30, 2012. The warrants expired by their terms on January 1, 2013 and no warrants are outstanding