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CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total revenues $ 43,801 $ 39,392 $ 130,229 $ 114,058
Costs and expenses        
Cost of sales 37,548 34,354 109,688 96,581
Selling, administrative, and other expenses 2,671 2,847 7,927 8,346
Total costs and expenses 42,672 38,888 124,526 109,343
Operating income/(loss) 1,129 504 5,703 4,715
Interest expense on Company debt excluding Ford Credit 324 321 936 941
Other income/(loss), net 319 1,318 798 (5,355)
Equity in net income/(loss) of affiliated companies (Note 17) 263 (2,626) 269 (2,601)
Income/(Loss) before income taxes 1,387 (1,125) 5,834 (4,182)
Provision for/(Benefit from) income taxes 214 (195) 982 (771)
Net income/(loss) 1,173 (930) 4,852 (3,411)
Less: Income/(Loss) attributable to noncontrolling interests (26) (103) (21) (141)
Net income/(loss) attributable to Ford Motor Company $ 1,199 $ (827) $ 4,873 $ (3,270)
Basic income        
Basic income (in dollars per share) $ 0.30 $ (0.21) $ 1.22 $ (0.81)
Diluted income        
Diluted income (in dollars per share) $ 0.30 $ (0.21) $ 1.21 $ (0.81)
Weighted Average Number of Shares Outstanding, Basic 4,004 4,021 3,999 4,017
Weighted Average Number of Shares Outstanding, Diluted 4,050 4,021 4,040 4,017
Ford Credit        
Revenues        
Total revenues $ 2,625 $ 2,187 $ 7,541 $ 6,724
Costs and expenses        
Ford Credit interest, operating, and other expenses 2,453 1,687 6,911 4,416
Company excluding Ford Credit        
Revenues        
Total revenues $ 41,176 $ 37,205 $ 122,688 $ 107,334