Ford 2005 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2005 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Notes to the Financial Statements
NOTE 15. ACCRUED LIABILITIES AND DEFERRED REVENUE (in millions)
2005 2004
Automotive Sector
Current
Dealer and customer allowances and claims ................................................................................................................................
........
$ 12,953 $ 14,082
Deferred revenue ................................................................................................................................................................
...............
5,697 4,417
Employee benefit plans ................................................................................................................................................................
......
2,070 1,921
Other postretirement employee benefits ................................................................................................................................
..............
1,442 1,572
Accrued interest................................................................................................................................................................
.................
1,248 1,538
Pension liability................................................................................................................................................................
.................
398 69
Other ................................................................................................................................................................
................................
4,925 6,101
Total Automotive current ................................................................................................................................
................................
28,733 29,700
Non-current
Other postretirement employee benefits................................................................................................................................
...............
17,778 15,306
Dealer and customer allowances and claims................................................................................................................................
.........
7,359 7,728
Pension liability ................................................................................................................................................................
.................
7,156 7,639
Deferred revenue................................................................................................................................................................
................
2,130 2,188
Employee benefit plans................................................................................................................................................................
.......
1,121 1,106
Other ................................................................................................................................................................
................................
3,095 3,091
Total Automotive non-current ................................................................................................................................
..........................
38,639 37,058
Total Automotive Sector ................................................................................................................................
................................
67,372 66,758
Financial Services Sector................................................................................................................................................................
..
5,605 6,834
Total ................................................................................................................................................................
...........................
$ 72,977 $ 73,592
NOTE 16. DEBT AND COMMITMENTS
Debt at December 31 was as follows (in millions):
Weighted
Average Rate (a) Amount
2005 2004 2005 2004
Automotive Sector
Debt payable within one year
Short-term ................................................................................................................................
...........
6.0% 8.6% $ 251 $ 270
Long-term payable within one year
Senior indebtedness................................................................................................
...........................
727 707
Total debt payable within one year................................................................................................
.....
978 977
Long-term debt
Senior indebtedness
Notes and bank debt................................................................................................
..........................
7.5% 7.4% 11,942 12,303
Unamortized discount................................................................................................
........................
(197) (208)
Total senior indebtedness ................................................................................................
.................
11,745 12,095
Subordinated indebtedness ................................................................................................
...................
6.5% 6.5% 5,155 5,155
Total long-term debt ................................................................................................
........................
16,900 17,250
Total debt................................................................................................................................
......
$ 17,878 $ 18,227
Fair value (b)................................................................................................................................
.......
$ 13,179 $ 18,074
Financial Services Sector
Short-term debt
Asset-backed commercial paper (c)................................................................................................
.......
$ 21,751 $ 12,612
Commercial paper................................................................................................
................................
1,041 8,916
Other short-term ................................................................................................................................
..
9,543 10,590
Total short-term debt................................................................................................
.........................
5.0% 2.8% 32,335 32,118
Long-term debt
Senior indebtedness
Notes payable within one year ................................................................................................
...........
21,234 29,661
Notes payable after one year................................................................................................
..............
64,924 80,556
Unamortized discount................................................................................................
........................
(63) (70)
Asset-backed debt (d)
Notes payable within one year ................................................................................................
..........
5,357 624
Notes payable after one year ................................................................................................
.............
12,667 3,221
Total long-term debt ................................................................................................
........................
5.1% 4.4% 104,119 113,992
Total debt................................................................................................................................
......
$ 136,454 $ 146,110
Fair value (b) ................................................................................................................................
.......
$ 131,233 $ 148,334
Ford Motor Company Annual Report 2005 78 Ford Motor Company Annual Report 2005 79