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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2019
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):
 
2018
 
2019
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total revenues
$
41,959

 
$
38,920

 
$
37,666

 
$
41,793

 
$
40,342

 
$
38,853

 
$
36,990

 
$
39,715

Income/(Loss) before income taxes
1,919

 
1,349

 
1,094

 
(17
)
 
1,610

 
205

 
(19
)
 
(2,436
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Attributable to Ford Motor Company Common and Class B Shareholders
Net income/(loss)
$
1,736

 
$
1,066

 
$
991

 
$
(116
)
 
$
1,146

 
$
148

 
$
425

 
$
(1,672
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and Class B per share from income from continuing operations
Basic
$
0.44

 
$
0.27

 
$
0.25

 
$
(0.03
)
 
$
0.29

 
$
0.04

 
$
0.11

 
$
(0.42
)
Diluted
0.43

 
0.27

 
0.25

 
(0.03
)
 
0.29

 
0.04

 
0.11

 
(0.42
)


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 2018 results include a pension and OPEB net remeasurement loss of $877 million.

The first, second, third, and fourth quarter 2019 results each include global redesign related activities, including employee separation costs, payments to dealers and suppliers, and impairment and other charges, of $514 million, $1.2 billion, $1 billion, and $413 million, respectively (see Note 22).

The third quarter 2019 net income includes a one-time tax benefit of $278 million arising from restructuring in our European operations.

The third and fourth quarter 2019 results include pension and OPEB net remeasurement losses of $306 million and $2.2 billion, respectively.