Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

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

Key financial information for the years ended or at December 31 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
2021
External Revenues	$	80,377	$	3,098	$	42,649	$	118	$	10,073	$	26	$	—	$	—		$	—		$	136,341
Intersegment Revenues (a)	30,089		88		—		—		—		—		—		—			(30,177)			—
Total Revenues	$	110,466	$	3,186	$	42,649	$	118	$	10,073	$	26	$	—	$	—		$	(30,177)		$	136,341

Income/(Loss) before income taxes	$	3,293	$	(892)	$	2,665	$	(1,030)	$	4,717	$	1,247	$	(1,803)	$	9,583	(b)	$	—		$	17,780
Depreciation and tooling amortization	3,445		142		1,423		8		1,666		67		—		567			—			7,318
Interest expense	—		—		—		—		2,790		—		1,803		—			—			4,593
Investment-related interest income	91		—		21		—		38		104		—		—			—			254
Equity in net income/(loss) of affiliated companies	302		(10)		275		(258)		31		2		—		(15)			—			327
Cash outflow for capital spending (c)	5,214		516		59		46		44		348		—		—			—			6,227
Total assets	55,456		2,563		1,809		3,325		134,428		60,871		—		—			(1,417)		(d)	257,035

2022
External Revenues	$	94,762	$	5,253	$	48,939	$	99	$	8,978	$	26	$	—	$	—		$	—		$	158,057
Intersegment Revenues (a)	36,020		121		—		—		—		—		—		—			(36,141)			—
Total Revenues	$	130,782	$	5,374	$	48,939	$	99	$	8,978	$	26	$	—	$	—		$	(36,141)		$	158,057

Income/(Loss) before income taxes	$	6,847	$	(2,133)	$	3,222	$	(926)	$	2,657	$	748	$	(1,259)	$	(12,172)	(e)	$	—		$	(3,016)
Depreciation and tooling amortization	3,365		249		1,522		5		2,281		95		—		157			—			7,674
Interest expense	—		—		—		—		3,334		—		1,259		—			—			4,593
Investment-related interest income	59		—		16		—		178		386		—		—			—			639
Equity in net income/(loss) of affiliated companies	270		(15)		412		(315)		27		1		—		(3,263)		(f)	—			(2,883)
Cash outflow for capital spending (c)	4,702		1,336		26		23		58		424		—		297			—			6,866
Total assets	56,023		5,285		2,177		392		137,954		55,580		—		—			(1,527)		(d)	255,884

2023
External Revenues	$	101,934	$	5,897	$	58,058	$	3	$	10,290	$	9	$	—	$	—		$	—		$	176,191
Intersegment Revenues (a)	38,693		629		—		—		—		—		—		—			(39,322)			—
Total Revenues	$	140,627	$	6,526	$	58,058	$	3	$	10,290	$	9	$	—	$	—		$	(39,322)		$	176,191

Income/(Loss) before income taxes	$	7,462	$	(4,701)	$	7,222	$	(138)	$	1,331	$	(760)	$	(1,302)	$	(5,147)	(g)	$	—		$	3,967
Depreciation and tooling amortization	3,378		505		1,291		12		2,354		103		—		47			—			7,690
Interest expense	—		—		—		—		6,311		—		1,302		—			—			7,613
Investment-related interest income	110		1		32		—		522		902		—		—			—			1,567
Equity in net income/(loss) of affiliated companies	337		(37)		589		(29)		32		1		—		(479)		(h)	—			414
Cash outflow for capital spending (c)	4,963		2,861		7		6		80		315		—		4			—			8,236
Total assets	58,990		13,648		2,942		207		148,521		52,521		—		—			(3,519)		(d)	273,310

__________

(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 mark-to-market adjustments for our global pension and OPEB plans, partially offset by restructuring related actions and the loss on extinguishment of debt.

(c)Ford Blue includes $366 million, $305 million, and $909 million of spending attributable to electric vehicles at shared manufacturing plants in 2021, 2022, and 2023, respectively. Total electric vehicle spending, including Ford Blue and Ford Model e, was $882 million, $1,641 million, and $3,770 million in 2021, 2022, and 2023, respectively.

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

(e)Primarily reflects gains/(losses) on our Rivian investment and the impairment of our Argo AI equity method investment.

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

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

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

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Total Company revenues and long-lived assets, split geographically by our country of domicile (the United States) and other countries where our major subsidiaries are domiciled, for the years ended December 31 were as follows (in millions):


	2021				2022				2023
	Revenues		Long-Lived Assets (a)		Revenues		Long-Lived Assets (a)		Revenues		Long-Lived Assets (a)
United States	$	87,012	$	44,271	$	105,481	$	41,925	$	116,995	$	42,235
Canada	11,153		5,773		12,590		5,739		13,391		6,147
United Kingdom	7,607		1,383		8,220		1,264		8,968		1,868
Mexico	1,440		3,903		1,813		4,255		2,774		5,222
All Other	29,129		8,170		29,953		6,854		34,063		6,733
Total Company	$	136,341	$	63,500	$	158,057	$	60,037	$	176,191	$	62,205

__________

(a) Includes Net property and Net investment in operating leases from our consolidated balance sheets.