Ford 2012 Annual Report Download - page 75
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Ford Motor Company | 2012 Annual Report 73
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1. PRESENTATION (Continued)
Reconciliations between Consolidated and Sector Financial Statements
Sector to Consolidated Deferred Tax Assets and Liabilities. The difference between the total assets and total liabilities
as presented in our sector balance sheet and consolidated balance sheet is the result of netting deferred income tax
assets and liabilities. The reconciliation between the totals for the sector and consolidated balance sheets was as follows
(in millions):
December 31,
2012
December 31,
2011
Sector balance sheet presentation of deferred income tax assets
Automotive sector current deferred income tax assets $ 3,488 $ 1,791
Automotive sector non-current deferred income tax assets 13,325 13,932
Financial Services sector deferred income tax assets (a) 184 302
Total 16,997 16,025
Reclassification for netting of deferred income taxes (1,812) (900)
Consolidated balance sheet presentation of deferred income tax assets $ 15,185 $ 15,125
Sector balance sheet presentation of deferred income tax liabilities
Automotive sector current deferred income tax liabilities $ 81 $ 40
Automotive sector non-current deferred income tax liabilities 514 255
Financial Services sector deferred income tax liabilities 1,687 1,301
Total 2,282 1,596
Reclassification for netting of deferred income taxes (1,812) (900)
Consolidated balance sheet presentation of deferred income tax liabilities $ 470 $696
__________
(a) Financial Services deferred income tax assets are included in Financial Services other assets on our sector balance sheet.
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