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CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 46,196 $ 43,801 $ 136,781 $ 130,229
Costs and expenses        
Cost of sales 40,168 37,548 117,133 109,688
Selling, administrative, and other expenses 2,456 2,671 7,510 7,927
Total costs and expenses 45,316 42,672 132,793 124,526
Operating income/(loss) 880 1,129 3,988 5,703
Interest expense on Company debt excluding Ford Credit 272 324 820 936
Other income/(loss), net 114 319 1,240 798
Equity in net income/(loss) of affiliated companies 147 263 511 269
Income/(Loss) before income taxes 869 1,387 4,919 5,834
Provision for/(Benefit from) income taxes (27) 214 856 982
Net income/(loss) 896 1,173 4,063 4,852
Less: Income/(Loss) attributable to noncontrolling interests 4 (26) 8 (21)
Net income/(loss) attributable to Ford Motor Company $ 892 $ 1,199 $ 4,055 $ 4,873
Basic income        
Basic income (in dollars per share) $ 0.22 $ 0.30 $ 1.02 $ 1.22
Diluted income        
Diluted income (in dollars per share) $ 0.22 $ 0.30 $ 1.01 $ 1.21
Weighted Average Number of Shares Outstanding, Basic 3,976 4,004 3,980 3,999
Weighted Average Number of Shares Outstanding, Diluted 4,018 4,050 4,020 4,040
Ford Credit        
Revenues        
Total revenues $ 3,127 $ 2,625 $ 9,011 $ 7,541
Costs and expenses        
Ford Credit interest, operating, and other expenses 2,692 2,453 8,150 6,911
Company excluding Ford Credit        
Revenues        
Total revenues $ 43,069 $ 41,176 $ 127,770 $ 122,688