Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Key financial information for the periods ended or at June 30 was as follows (in millions):

	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Corporate Other		Interest on Debt		Special Items			Eliminations/Adjustments			Total
Second Quarter 2022
External revenues	$	23,834	$	1,320	$	12,748	$	25	$	2,256	$	7	$	—	$	—		$	—		$	40,190
Intersegment revenues (a)	9,702		50		—		—		—		—		—		—			(9,752)			—
Total revenues	$	33,536	$	1,370	$	12,748	$	25	$	2,256	$	7	$	—	$	—		$	(9,752)		$	40,190
Income/(Loss) before income taxes	$	2,504	$	(510)	$	879	$	(221)	$	939	$	131	$	(312)	$	(2,619)	(b)	$	—		$	791
Equity in net income/(loss) of affiliated companies	76		(3)		84		(83)		4		—		—		(20)			—			58
Total assets	56,047		3,670		2,016		3,284		127,493		54,566		—		—			(1,321)		(c)	245,755
Second Quarter 2023
External revenues	$	25,002	$	1,834	$	15,589	$	—	$	2,527	$	2	$	—	$	—		$	—		$	44,954
Intersegment revenues (a)	10,206		172		—		—		—		—		—		—			(10,378)			—
Total revenues	$	35,208	$	2,006	$	15,589	$	—	$	2,527	$	2	$	—	$	—		$	(10,378)		$	44,954
Income/(loss) before income taxes	$	2,308	$	(1,080)	$	2,391	$	(26)	$	390	$	(197)	$	(304)	$	(1,194)	(d)	$	—		$	2,288
Equity in net income/(loss) of affiliated companies	104		(3)		160		(6)		7		1		—		(387)		(e)	—			(124)
Total assets	58,475		9,420		2,754		253		143,155		54,063		—		—			(2,129)		(c)	265,991
	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Corporate Other		Interest on Debt		Special Items			Eliminations/Adjustments			Total
First Half 2022
External revenues	$	44,644	$	2,292	$	23,072	$	109	$	4,537	$	12	$	—	$	—		$	—		$	74,666
Intersegment revenues (a)	16,956		77		—		—		—		—		—		—			(17,033)			—
Total revenues	$	61,600	$	2,369	$	23,072	$	109	$	4,537	$	12	$	—	$	—		$	(17,033)		$	74,666
Income/(Loss) before income taxes	$	3,832	$	(890)	$	1,370	$	(463)	$	1,867	$	332	$	(620)	$	(8,485)	(b)	$	—		$	(3,057)
Equity in net income/(loss) of affiliated companies	132		(5)		169		(158)		10		1		—		(124)		(f)	—			25
First Half 2023
External revenues	$	50,126	$	2,541	$	28,838	$	1	$	4,916	$	6	$	—	$	—		$	—		$	86,428
Intersegment revenues (a)	19,383		181		—		—		—		—		—		—			(19,564)			—
Total revenues	$	69,509	$	2,722	$	28,838	$	1	$	4,916	$	6	$	—	$	—		$	(19,564)		$	86,428
Income/(loss) before income taxes	$	4,931	$	(1,802)	$	3,757	$	(70)	$	693	$	(344)	$	(612)	$	(2,106)	(d)	$	—		$	4,447
Equity in net income/(loss) of affiliated companies	159		(6)		277		(18)		14		1		—		(421)		(e)	—			6

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(a)Intersegment revenues only reflect finished vehicle transactions between Ford Blue, Ford Model e, and Ford Pro where there is an intersegment markup and are recognized at the time of the intersegment transaction.

(b)Primarily reflects gains/(losses) on our Rivian investment.

(c)Primarily includes eliminations of intersegment transactions occurring in the ordinary course of business.

(d)Primarily reflects restructuring actions, mark-to-market adjustments for our global pension and OPEB plans, and an accrual for the Transit Connect customs matter (relating to certain Transit Connect vehicles produced between 2009 and 2013).

(e)Primarily reflects our share of charges from an equity method investment resulting from Ford’s ongoing restructuring actions in China.

(f)Primarily reflects the full impairment of our Ford Sollers Netherlands B.V. (the parent company of our joint venture in Russia) equity method investment, resulting from the ongoing regulatory and economic uncertainty in Russia.