Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

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

Key financial information for the periods ended or at September 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
Third Quarter 2022
External revenues	$	23,824	$	1,401	$	11,961	$	11	$	2,187	$	8	$	—	$	—		$	—		$	39,392
Intersegment revenues (a)	8,923		16		—		—		—		—		—		—			(8,939)			—
Total revenues	$	32,747	$	1,417	$	11,961	$	11	$	2,187	$	8	$	—	$	—		$	(8,939)		$	39,392
Income/(Loss) before income taxes	$	1,466	$	(612)	$	402	$	(244)	$	599	$	192	$	(321)	$	(2,607)	(b)	$	—		$	(1,125)
Equity in net income/(loss) of affiliated companies	80		(4)		109		(87)		8		—		—		(2,732)		(c)	—			(2,626)
Total assets	55,897		4,407		2,139		415		127,088		57,972		—		—			(999)		(d)	246,919
Third Quarter 2023
External revenues	$	25,587	$	1,758	$	13,829	$	1	$	2,625	$	1	$	—	$	—		$	—		$	43,801
Intersegment revenues (a)	8,925		241		—		—		—		—		—		—			(9,166)			—
Total revenues	$	34,512	$	1,999	$	13,829	$	1	$	2,625	$	1	$	—	$	—		$	(9,166)		$	43,801
Income/(loss) before income taxes	$	1,718	$	(1,329)	$	1,654	$	(17)	$	358	$	(186)	$	(324)	$	(487)	(e)	$	—		$	1,387
Equity in net income/(loss) of affiliated companies	90		(9)		179		(5)		9		—		—		(1)			—			263
Total assets	60,282		10,966		3,137		235		142,615		53,097		—		—			(2,259)		(d)	268,073
	Ford Blue		Ford Model e		Ford Pro		Ford Next		Ford Credit		Corporate Other		Interest on Debt		Special Items			Eliminations/Adjustments			Total
First Nine Months 2022
External revenues	$	68,468	$	3,693	$	35,033	$	120	$	6,724	$	20	$	—	$	—		$	—		$	114,058
Intersegment revenues (a)	25,879		93		—		—		—		—		—		—			(25,972)			—
Total revenues	$	94,347	$	3,786	$	35,033	$	120	$	6,724	$	20	$	—	$	—		$	(25,972)		$	114,058
Income/(Loss) before income taxes	$	5,298	$	(1,502)	$	1,772	$	(707)	$	2,466	$	524	$	(941)	$	(11,092)	(b)	$	—		$	(4,182)
Equity in net income/(loss) of affiliated companies	212		(9)		278		(245)		18		1		—		(2,856)		(c)	—			(2,601)
First Nine Months 2023
External revenues	$	75,713	$	4,299	$	42,667	$	2	$	7,541	$	7	$	—	$	—		$	—		$	130,229
Intersegment revenues (a)	28,308		422		—		—		—		—		—		—			(28,730)			—
Total revenues	$	104,021	$	4,721	$	42,667	$	2	$	7,541	$	7	$	—	$	—		$	(28,730)		$	130,229
Income/(loss) before income taxes	$	6,649	$	(3,131)	$	5,411	$	(87)	$	1,051	$	(530)	$	(936)	$	(2,593)	(e)	$	—		$	5,834
Equity in net income/(loss) of affiliated companies	249		(15)		456		(23)		23		1		—		(422)		(f)	—			269

__________

(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 and the impairment of our Argo AI equity method investment.

(c)Primarily reflects the impairment of our Argo AI equity method investment.

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

(e)Primarily reflects restructuring actions, mark-to-market adjustments for our global pension and OPEB plans, and an accrual for the Transit Connect customs matter.

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