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CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total revenues $ 26,752 $ 19,371 $ 62,980 $ 53,691
Costs and expenses        
Cost of sales 22,904 17,932 52,201 48,454
Selling, administrative, and other expenses 2,877 1,965 5,720 4,397
Total costs and expenses 26,774 22,130 60,538 58,008
Operating income/(loss) (22) (2,759) 2,442 (4,317)
Other income/(loss), net 1,159 4,318 3,031 4,998
Equity in net income/(loss) of affiliated companies 51 (25) 130 (66)
Income/(Loss) before income taxes 735 1,084 4,677 (62)
Income Tax Expense (Benefit) 182 (34) 862 813
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 553 1,118 3,815 (875)
Less: Income/(Loss) attributable to noncontrolling interests (8) 1 (8) 1
Net Income (Loss) Available to Common Stockholders, Basic $ 561 $ 1,117 $ 3,823 $ (876)
Basic income        
Basic income (in dollars per share) $ 0.14 $ 0.28 $ 0.96 $ (0.22)
Diluted income        
Diluted income (in dollars per share) $ 0.14 $ 0.28 $ 0.95 $ (0.22)
Weighted Average Number of Shares Outstanding, Basic 3,992 3,975 3,986 3,969
Weighted Average Number of Shares Outstanding, Diluted 4,028 3,992 4,022 3,969
Operating Segments | Automotive        
Total revenues $ 24,128 $ 16,625 $ 57,682 $ 47,967
Costs and expenses        
Equity in net income/(loss) of affiliated companies 79 (9) 253 (56)
Income/(Loss) before income taxes (95) (2,063) 3,308 (2,217)
Operating Segments | Ford Credit        
Total revenues 2,603 2,739 5,266 5,706
Costs and expenses        
Ford Credit interest, operating, and other expenses 993 2,233 2,617 5,157
Equity in net income/(loss) of affiliated companies 9 2 14 8
Income/(Loss) before income taxes 1,623 543 2,585 573
Operating Segments | Mobility        
Total revenues 21 7 32 18
Costs and expenses        
Equity in net income/(loss) of affiliated companies (35) (12) (94) (12)
Income/(Loss) before income taxes (182) (286) (379) (571)
Operating Segments | Company excluding Ford Credit        
Total revenues 24,149 16,632 57,714 47,985
Costs and expenses        
Interest expense on Company debt excluding Ford Credit $ 453 $ 450 $ 926 $ 677