Equity in Net Assets of Affiliated Companies (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investment, Summarized Financial Information [Abstract]

Schedule of Equity Method Investments [Table Text Block]

Our carrying value and ownership percentages of our equity method investments at December 31 were as follows

(in millions, except percentages):



	Investment Balance				Ownership Percentage
	2018		2019		2019
Changan Ford Automobile Corporation, Limited (a)	$	950	$	672	50	%
Jiangling Motors Corporation, Limited	543		544		32
AutoAlliance (Thailand) Co., Ltd.	431		435		50
Ford Otomotiv Sanayi Anonim Sirketi	247		274		41
Getrag Ford Transmissions GmbH	236		209		50
Ford Sollers Netherlands B.V. (See Note 22)	—		93		49
FFS Finance South Africa (Pty) Limited	81		88		50
Ionity Holding GmbH & Co. KG	42		58		25
Other	179		146		Various
Total	$	2,709	$	2,519

__________


(a)	In 2019, Changan Ford Automobile Corporation, Limited recorded a long-lived asset impairment charge, our share of which was $99 million and is included in Equity in net income of affiliated companies.

We recorded $1.4 billion, $330 million, and $244 million of dividends from these affiliated companies for the years ended December 31, 2017, 2018, and 2019, respectively.

A summary of the total financial results, as reported by our equity method investees, in the aggregate at December 31 was as follows (in millions):



Summarized Balance Sheet			2018		2019
Current assets			$	8,277	$	8,884
Non-current assets			9,733		10,381
Total assets			$	18,010	$	19,265

Current liabilities			$	9,190	$	9,357
Non-current liabilities			3,149		4,333
Total liabilities			$	12,339	$	13,690

Equity attributable to noncontrolling interests			$	11	$	12

	For the years ended December 31,
Summarized Income Statement	2017		2018		2019
Total revenue	$	35,172	$	27,196	$	22,750
Income before income taxes	2,980		484		111
Net income	2,584		463		209

Transactions with equity method investees reported for the years ended or at December 31 were as follows (in millions):



	For the years ended December 31,
Income Statement	2017		2018		2019
Sales	$	4,481	$	4,426	$	3,541
Purchases	9,422		10,477		10,106
Royalty income	583		374		250



Balance Sheet	2018		2019
Receivables	$	634	$	785
Payables	663		694