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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | Costs are reflected in the associated segment externally reporting the vehicle sale, as detailed in the table below:
Income Statement Elements | Examples | Segment Reporting
Costs specific to a particular vehicle | Bill of material cost and initial warranty accrual | Reported in the segment externally selling the vehicle
Costs identifiable by product line | Manufacturing and logistics costs, depreciation & amortization expense, direct research & development costs | Typically identifiable to the product line or production location. Reported in the segment externally selling the vehicle, based on relative volume
Shared costs | Selling, general & administrative expense, and indirect/cross product line research & development costs | Typically shared across all segments, generally based on relative volume. Certain costs clearly linked to a segment are reported in the specific segment
Intersegment markup costs for intersegment vehicle transactions | Contract manufacturing and distribution fees | Reported in the segment externally selling the vehicle, for each applicable vehicle transaction
The table below shows the segment reporting for our most significant unconsolidated entities:
Ford Blue | Ford Model e | Ford Pro
∘ Changan Ford Automobile Corporation, Ltd. (“CAF”) | ∘ BlueOval SK, LLC | ∘ Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”)
∘ Jiangling Motors Corporation, Ltd. (“JMC”) |  |
∘ AutoAlliance (Thailand) Co., Ltd. (“AAT”) |  |
Key financial information for the periods ended or at September 30 was as follows (in millions):
| Ford Blue |  | Ford Model e |  | Ford Pro |  | Ford Credit |  | Unallocated Amounts and Eliminations (a) |  | Total
Third Quarter 2024 |  |  |  |  |  |  |  |  |  |  |
External revenues | $ | 26,238 |  |  | $ | 1,175 |  |  | $ | 15,655 |  |  | $ | 3,127 |  |  | $ | 1 |  |  | $ | 46,196 |
Intersegment revenues (b) | 10,577 |  |  | 74 |  |  | — |  |  | — |  |  | (10,651) |  |  | — |
Total revenues | $ | 36,815 |  |  | $ | 1,249 |  |  | $ | 15,655 |  |  | $ | 3,127 |  |  | $ | (10,650) |  |  | $ | 46,196 |
Other segment items (c) | 35,191 |  |  | 2,480 |  |  | 13,842 |  |  | 2,583 |  |  |  |  |
Segment EBIT/EBT | $ | 1,624 |  |  | $ | (1,231) |  |  | $ | 1,813 |  |  | $ | 544 |  |  |  |  | $ | 2,750 |
Reconciliation of Segment EBIT/EBT |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |
Corporate Other |  |  |  |  |  |  |  |  |  |  | (200) |
Interest on debt (excludes $1,878 of Ford Credit interest on debt) |  |  |  |  |  |  |  |  |  |  | (272) |
Special items (d) |  |  |  |  |  |  |  |  |  |  | (1,409) |
Income/(Loss) before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 869 |
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |  |
Depreciation and tooling amortization | $ | 743 |  |  | $ | 129 |  |  | $ | 330 |  |  | $ | 611 |  |  | $ | 28 |  |  | $ | 1,841 |
Investment-related interest income | 47 |  |  | 1 |  |  | 14 |  |  | 126 |  |  | 179 |  |  | 367 |
Equity in net income/(loss) of affiliated companies | 69 |  |  | (13) |  |  | 82 |  |  | 10 |  |  | (1) |  |  | 147 |
Cash outflow for capital spending (e) | 1,125 |  |  | 777 |  |  | 10 |  |  | 22 |  |  | 58 |  |  | 1,992 |
Total assets | 60,521 |  |  | 17,584 |  |  | 3,833 |  |  | 156,416 |  |  | 48,693 |  |  | 287,047 |
Third Quarter 2025 |  |  |  |  |  |  |  |  |  |  |
External revenues | $ | 28,018 |  |  | $ | 1,783 |  |  | $ | 17,378 |  |  | $ | 3,349 |  |  | $ | 6 |  |  | $ | 50,534 |
Intersegment revenues (b) | 11,368 |  |  | 121 |  |  | — |  |  | — |  |  | (11,489) |  |  | — |
Total revenues | $ | 39,386 |  |  | $ | 1,904 |  |  | $ | 17,378 |  |  | $ | 3,349 |  |  | $ | (11,483) |  |  | $ | 50,534 |
Other segment items (c) | 37,846 |  |  | 3,314 |  |  | 15,393 |  |  | 2,718 |  |  |  |  |
Segment EBIT/EBT | $ | 1,540 |  |  | $ | (1,410) |  |  | $ | 1,985 |  |  | $ | 631 |  |  |  |  | $ | 2,746 |
Reconciliation of Segment EBIT/EBT |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |
Corporate Other |  |  |  |  |  |  |  |  |  |  | (160) |
Interest on debt (excludes $1,802 of Ford Credit interest on debt) |  |  |  |  |  |  |  |  |  |  | (321) |
Special items (f) |  |  |  |  |  |  |  |  |  |  | (447) |
Income/(Loss) before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 1,818 |
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |  |
Depreciation and tooling amortization | $ | 811 |  |  | $ | 151 |  |  | $ | 347 |  |  | $ | 642 |  |  | $ | 24 |  |  | $ | 1,975 |
Investment-related interest income | 49 |  |  | — |  |  | 16 |  |  | 92 |  |  | 222 |  |  | 379 |
Equity in net income/(loss) of affiliated companies | 48 |  |  | (54) |  |  | 109 |  |  | 13 |  |  | (95) |  |  | 21 |
Cash outflow for capital spending (e) | 1,237 |  |  | 821 |  |  | 12 |  |  | 26 |  |  | 29 |  |  | 2,125 |
Total assets | 63,878 |  |  | 17,437 |  |  | 4,499 |  |  | 160,559 |  |  | 54,617 |  |  | 300,990 |
NOTE 19. SEGMENT INFORMATION (Continued) Key financial information for the periods ended or at September 30 was as follows (in millions):
| Ford Blue |  | Ford Model e |  | Ford Pro |  | Ford Credit |  | Unallocated Amounts and Eliminations (a) |  | Total
First Nine Months 2024 |  |  |  |  |  |  |  |  |  |  |
External revenues | $ | 74,662 |  |  | $ | 2,441 |  |  | $ | 50,662 |  |  | $ | 9,011 |  |  | $ | 5 |  |  | $ | 136,781 |
Intersegment revenues (b) | 33,624 |  |  | 207 |  |  | — |  |  | — |  |  | (33,831) |  |  | — |
Total revenues | $ | 108,286 |  |  | $ | 2,648 |  |  | $ | 50,662 |  |  | $ | 9,011 |  |  | $ | (33,826) |  |  | $ | 136,781 |
Other segment items (c) | 104,594 |  |  | 6,356 |  |  | 43,281 |  |  | 7,798 |  |  |  |  |
Segment EBIT/EBT | $ | 3,692 |  |  | $ | (3,708) |  |  | $ | 7,381 |  |  | $ | 1,213 |  |  |  |  | $ | 8,578 |
Reconciliation of Segment EBIT/EBT |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |
Corporate Other |  |  |  |  |  |  |  |  |  |  | (508) |
Interest on debt (excludes $5,623 of Ford Credit interest on debt) |  |  |  |  |  |  |  |  |  |  | (820) |
Special items (g) |  |  |  |  |  |  |  |  |  |  | (2,331) |
Income/(Loss) before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 4,919 |
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |  |
Depreciation and tooling amortization | $ | 2,222 |  |  | $ | 424 |  |  | $ | 1,046 |  |  | $ | 1,856 |  |  | $ | 88 |  |  | $ | 5,636 |
Investment-related interest income | 124 |  |  | 2 |  |  | 38 |  |  | 393 |  |  | 587 |  |  | 1,144 |
Equity in net income/(loss) of affiliated companies | 225 |  |  | (52) |  |  | 310 |  |  | 28 |  |  | — |  |  | 511 |
Cash outflow for capital spending (e) | 3,225 |  |  | 2,725 |  |  | 27 |  |  | 65 |  |  | 144 |  |  | 6,186 |
First Nine Months 2025 |  |  |  |  |  |  |  |  |  |  |
External revenues | $ | 74,799 |  |  | $ | 5,382 |  |  | $ | 51,356 |  |  | $ | 9,827 |  |  | $ | 13 |  |  | $ | 141,377 |
Intersegment revenues (b) | 35,500 |  |  | 429 |  |  | — |  |  | — |  |  | (35,929) |  |  | — |
Total revenues | $ | 110,299 |  |  | $ | 5,811 |  |  | $ | 51,356 |  |  | $ | 9,827 |  |  | $ | (35,916) |  |  | $ | 141,377 |
Other segment items (c) | 108,002 |  |  | 9,399 |  |  | 45,744 |  |  | 7,971 |  |  |  |  |
Segment EBIT/EBT | $ | 2,297 |  |  | $ | (3,588) |  |  | $ | 5,612 |  |  | $ | 1,856 |  |  |  |  | $ | 6,177 |
Reconciliation of Segment EBIT/EBT |  |  |  |  |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |
Corporate Other |  |  |  |  |  |  |  |  |  |  | (432) |
Interest on debt (excludes $5,351 of Ford Credit interest on debt) |  |  |  |  |  |  |  |  |  |  | (906) |
Special items (h) |  |  |  |  |  |  |  |  |  |  | (1,859) |
Income/(Loss) before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 2,980 |
Other Segment Disclosures |  |  |  |  |  |  |  |  |  |  |
Depreciation and tooling amortization | $ | 2,304 |  |  | $ | 443 |  |  | $ | 1,044 |  |  | $ | 1,875 |  |  | $ | 56 |  |  | $ | 5,722 |
Investment-related interest income | 147 |  |  | 2 |  |  | 46 |  |  | 274 |  |  | 629 |  |  | 1,098 |
Equity in net income/(loss) of affiliated companies | 162 |  |  | (91) |  |  | 245 |  |  | 36 |  |  | (487) |  |  | (135) |
Cash outflow for capital spending (e) | 3,287 |  |  | 2,534 |  |  | 35 |  |  | 88 |  |  | 87 |  |  | 6,031 |
__________ (a)Unallocated amounts include Corporate Other (see above description of corporate expenses and corporate assets) and Special Items. Eliminations include intersegment transactions occurring in the ordinary course of business. (b)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. (c)Other segment items for the Ford Blue, Ford Model e, and Ford Pro segments primarily consists of: material costs (including commodities and components and purchased vehicles from partners), manufacturing costs (including hourly and salaried wages and fringe, and plant overhead such as utilities and taxes), warranty coverages and field service action costs (including estimated costs to repair, replace, or adjust parts on a vehicle that are defective in factory supplied materials or workmanship), freight and duty costs (including related to the receiving and shipping of components and vehicles), vehicle and software engineering and connectivity costs (including wages and fringe for personnel, prototype materials, testing, and outside services), spending-related costs (including depreciation and amortization of manufacturing and engineering assets, asset retirements, and operating leases), advertising and sales promotions costs (including costs for advertising, marketing programs, brand promotions, customer mailings and promotional events, and auto shows), and administrative, IT, and selling costs (primarily including wages and fringe for salaried personnel and purchased services). Other segment items for Ford Credit primarily consists of interest expense and depreciation. (d)Primarily reflects a write-down of certain product-specific assets of $391 million and other expenses of $588 million related to the cancellation of a previously planned all-electric three-row SUV program, all of which was recorded in Cost of sales. The remaining items consist of pension curtailment costs and remeasurement losses (primarily related to hourly buyouts in North America) and continued restructuring actions in Europe. NOTE 19. SEGMENT INFORMATION (Continued) (e)Ford Blue recognized $206 million and $128 million of spending attributable to electric vehicles at shared manufacturing plants during the third quarter of 2024 and 2025, respectively, and $675 million and $486 million in the first nine months of 2024 and 2025, respectively. Total electric vehicle spending, including Ford Blue and Ford Model e, was $983 million and $949 million during the third quarter of 2024 and 2025, respectively, and $3,401 million and $3,020 million in the first nine months of 2024 and 2025, respectively. (f)Primarily reflects restructuring actions in Europe and our share of asset impairments and other expenses at an equity method investment. (g)Includes a write-down of certain product-specific assets of $391 million and other expenses of $588 million related to the cancellation of a previously planned all-electric three-row SUV program, all of which was recorded in Cost of sales. The amount also reflects restructuring actions in Europe, buyouts for hourly employees in North America, the extended duration of the Oakville Assembly Plant changeover, and pension curtailment and separation costs in North America and Europe. (h)Primarily reflects a field service action for fuel injectors, our share of equity method investment asset impairments and write downs and other expenses, charges related to the cancellation of a previously planned all-electric three-row SUV program and resulting actions, and restructuring actions in Europe.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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