XML 116 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2017
Selected Quarterly Financial Information [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):
 
2016
 
2017
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total revenues
$
37,718

 
$
39,485

 
$
35,943

 
$
38,654

 
$
39,146

 
$
39,853

 
$
36,451

 
$
41,326

Income/(Loss) before income taxes
3,651

 
2,875

 
1,387

 
(1,117
)
 
2,243

 
2,259

 
1,757

 
1,889

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Attributable to Ford Motor Company Common and Class B Shareholders
Net income/(loss)
$
2,452

 
$
1,970

 
$
957

 
$
(783
)
 
$
1,587

 
$
2,042

 
$
1,564

 
$
2,409

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and Class B per share from income from continuing operations
Basic
$
0.62

 
$
0.50

 
$
0.24

 
$
(0.20
)
 
$
0.40

 
$
0.51

 
$
0.39

 
$
0.61

Diluted
0.61

 
0.49

 
0.24

 
(0.20
)
 
0.40

 
0.51

 
0.39

 
0.60



Certain of the quarterly results identified in the table above include material unusual or infrequently occurring items as follows on a pre-tax basis, except for tax items:

The fourth quarter 2016 results include a pension and OPEB net remeasurement loss of $3 billion.

The fourth quarter 2016 net income includes a tax benefit of $300 million for the recognition of deferred taxes resulting from a 2016 change in U.S. tax law related to taxation of foreign currency gains and losses for our non-U.S. branch operations.

The fourth quarter 2017 results include a curtailment gain of $354 million relating to a plan amendment to our principal salaried defined benefit pension plan in the United States.

The fourth quarter 2017 net income includes tax benefits of $398 million and $484 million related to U.S. tax legislation in the Tax Cuts and Jobs Act of 2017 and non-U.S. restructuring, respectively.