Ford 2014 Annual Report Download - page 173

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FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 24. SEGMENT INFORMATION (Continued)
Financial Services Sector Total Company
Operating Segments Reconciling
Item
Ford
Credit
Other
Financial
Services Elims Total Elims (a) Total
2014
Revenues $ 8,606 $135 $(446)$ 8,295 $—$ 144,077
Income/(Loss) before income taxes 1,854 (60) 1,794 — 4,342
Other disclosures:
Depreciation and tooling amortization 3,112 21 3,133 — 7,385
Amortization of intangibles 15
Interest expense 2,656 43 2,699 — 3,496
Investment-related interest income (b) 51 51 244
Interest income/(expense) on income taxes (13) (13) — 96
Cash outflow for capital spending 18 85 103 — 7,463
Equity in net income/(loss) of affiliated companies 29 29 — 1,275
Total assets 122,108 5,560 (6,280) 121,388 (2,940)208,527
2013
Revenues $ 7,805 $192 $(449)$ 7,548 $—$ 146,917
Income/(Loss) before income taxes 1,756 (84) 1,672 — 7,040
Other disclosures:
Depreciation and tooling amortization 2,422 18 2,440 — 6,504
Amortization of intangibles 11
Interest expense 2,730 130 2,860 — 3,689
Investment-related interest income (b) 50 50 213
Cash outflow for capital spending 16 15 — 31 — 6,597
Equity in net income/(loss) of affiliated companies 23 23 — 1,069
Total assets 115,608 5,679 (6,230) 115,057 (3,357)202,179
2012
Revenues $ 7,189 $267 $(464)$ 6,992 $—$ 133,559
Income/(Loss) before income taxes 1,697 13 1,710 — 7,638
Other disclosures:
Depreciation and tooling amortization 1,806 25 1,831 — 5,486
Amortization of intangibles 10
Interest expense 3,027 88 3,115 — 3,828
Investment-related interest income (b) 69 1 70 342
Cash outflow for capital spending 18 11 — 29 — 5,488
Equity in net income/(loss) of affiliated companies 33 33 588
Total assets 104,596 7,698 (7,282) 105,012 (2,064)189,571
__________
(a) Includes intersector transactions occurring in the ordinary course of business and deferred tax netting.
(b) Interest income reflected on this line for Financial Services sector is non-financing related. Interest income in the normal course of business for
Financial Services sector is reported in Financial Services revenues.
FS-67