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Segment Information (Notes)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

Below is a description of our reportable segments and the business activities included in All Other.

Automotive Segment

Our Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories worldwide, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories. The segment includes five regional business units:  North America, South America, Europe, Middle East & Africa, and Asia Pacific.
Financial Services Segment

The Financial Services segment primarily includes our vehicle-related financing and leasing activities at Ford Credit.

All Other

All Other is a combination of two operating segments that did not meet the quantitative thresholds in this reporting period to qualify as reportable segments. All Other consists of our Central Treasury Operations and Ford Smart Mobility LLC. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment. Interest income (excluding interest earned on our extended service contract portfolio that is included in our Automotive segment), interest expense, gains and losses on cash equivalents and marketable securities, and foreign exchange derivatives associated with intercompany lending, are included in the results of Central Treasury Operations. The underlying assets and liabilities, primarily cash and cash equivalents, marketable securities, debt, and derivatives, remain with the Automotive segment.

Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. Designed to compete like a start-up company, Ford Smart Mobility LLC designs and builds mobility services on its own, and collaborates with start-ups and tech companies.

Special Items

Our results include Special items that consist of (i) pension and OPEB remeasurement gains and losses, (ii) significant personnel and dealer-related costs stemming from our efforts to match production capacity and cost structure to market demand and changing model mix, and (iii) certain infrequent significant items that we generally do not consider to be indicative of our ongoing operating activities. Our management excludes these items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. Special items are presented as a separate reconciling item.
NOTE 17. SEGMENT INFORMATION (Continued)

Key operating data for the periods ended or at September 30 were as follows (in millions):

 
Automotive
 
Financial
Services
 
All Other
 
Special
Items
 
Adjustments
 
Total
Third Quarter 2016
 

 
 

 
 

 
 
 
 

 
 

Revenues
$
33,331

 
$
2,612

 
$
—

 
$
—

 
$
—

 
$
35,943

Pre-tax results - income/(loss)
1,084

 
552

 
(223
)
 
(26
)
 
—

 
1,387

Equity in net income/(loss) of affiliated companies
395

 
8

 
—

 
—

 
—

 
403

Cash, cash equivalents, and marketable securities
24,300

 
9,855

 
10

 
—

 
—

 
34,165

Total assets
97,269

 
142,979

 
67

 
—

 
(5,352
)
(a)
234,963

Debt
13,147

 
124,077

 
—

 
—

 
—

 
137,224

Operating cash flows
(1,954
)
 
5,953

 
—

 
—

 
1,162

(b)
5,161

 
 
 
 
 
 
 
 
 
 
 
 
Third Quarter 2017
 

 
 

 
 

 
 
 
 

 
 

Revenues
$
33,646

 
$
2,802

 
$
3

 
$
—

 
$
—

 
$
36,451

Pre-tax results - income/(loss)
1,668

 
584

 
(278
)
 
(217
)
 
—

 
1,757

Equity in net income/(loss) of affiliated companies
305

 
10

 
1

 
—

 
—

 
316

Cash, cash equivalents, and marketable securities
26,144

 
11,936

 
1

 
—

 
—

 
38,081

Total assets
103,534

 
154,613

 
85

 
—

 
(6,959
)
(a)
251,273

Debt
16,184

 
132,928

 
—

 
—

 
—

 
149,112

Operating cash flows
(1,654
)
 
5,193

 
(22
)
 
—

 
1,481

(b)
4,998

 
 
 
 
 
 
 
 
 
 
 
 
 
Automotive
 
Financial
Services
 
All Other
 
Special
Items
 
Adjustments
 
Total
First Nine Months 2016
 

 
 

 
 

 
 
 
 

 
 

Revenues
$
105,520

 
$
7,626

 
$
—

 
$
—

 
$
—

 
$
113,146

Pre-tax results - income/(loss)
7,380

 
1,436

 
(573
)
 
(330
)
 
—

 
7,913

Equity in net income/(loss) of affiliated companies
1,319

 
23

 
—

 
—

 
—

 
1,342

Operating cash flows
4,917

 
8,761

 
—

 
—

 
3,374

(b)
17,052

 
 
 
 
 
 
 
 
 
 
 
 
First Nine Months 2017
 

 
 

 
 

 
 
 
 

 
 

Revenues
$
107,234

 
$
8,209

 
$
7

 
$
—

 
$
—

 
$
115,450

Pre-tax results - income/(loss)
5,824

 
1,653

 
(777
)
 
(441
)
 
—

 
6,259

Equity in net income/(loss) of affiliated companies
910

 
25

 
—

 
—

 
—

 
935

Operating cash flows
1,632

 
9,418

 
(44
)
 
—

 
3,943

(b)
14,949


__________
(a)
Includes eliminations of intersegment transactions occurring in the ordinary course of business and deferred tax netting.
(b)
We measure and evaluate our Automotive segment operating cash flow on a different basis than Net cash provided by/(used in) operating activities in our consolidated statement of cash flows. Automotive segment operating cash flow includes additional elements management considers to be related to our Automotive operating activities, primarily capital spending and non-designated derivatives, and excludes outflows for funded pension contributions, separation payments, and other items that are considered operating cash flows under U.S. GAAP. The table below quantifies these reconciling adjustments to Net cash provided by/(used in) operating activities for the periods ended September 30 (in millions):
 
 
Third Quarter
 
First Nine Months
 
 
2016
 
2017
 
2016
 
2017
 
Automotive capital spending
$
1,696

 
$
1,659

 
$
4,879

 
$
4,901

 
Settlement of derivatives
(246
)
 
90

 
(322
)
 
(110
)
 
Funded pension contributions
(246
)
 
(264
)
 
(835
)
 
(720
)
 
Separation payments
(40
)
 
(41
)
 
(198
)
 
(100
)
 
Other
(2
)
 
37

 
(150
)
 
(28
)
 
Total operating cash flow adjustments
$
1,162

 
$
1,481

 
$
3,374

 
$
3,943