Ford 2002 Annual Report Download - page 90

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86
NOTES TO FINANCIAL STATEMENTS
NOTE 22. GEOGRAPHIC INFORMATION (IN MILLIONS)
United All Total
States Europe Other Company
2002
External revenues $ 108,392 $ 35,313 $ 18,881 $ 162,586
Income/(loss) from continuing operations 432 (491) 343 284
Net property 16,730 15,051 6,154 37,935
2001
External revenues $ 107,771 $ 34,972 $ 18,011 $ 160,754
Income/(loss) from continuing operations (4,381) 503 (1,471) (5,349)
Net property 16,121 12,533 5,921 34,575
2000
External revenues $ 118,269 $ 31,651 $ 19,171 $ 169,091
Income/(loss) from continuing operations 6,038 (846) 264 5,456
Net property 19,388 13,585 6,256 39,229
NOTE 23. SUMMARY QUARTERLY FINANCIAL DATA (UNAUDITED)
(in millions, except amounts per share) 2002 2001
First Second Third Fourth First Second Third Fourth
Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter
Automotive
Sales $ 32,171 $ 35,197 $ 32,396 $ 34,661 $ 34,450 $ 34,381 $ 28,403 $ 33,593
Operating income/(loss) (60) 587 (639) (419) 1,356 (1,398) (1,039) (6,314)
Financial Services
Revenues 7,370 6,930 6,942 6,919 7,562 7,522 7,725 7,118
Income/(loss) before
income taxes 343 600 572 594 592 687 624 (463)
Total Company
Income/(loss) from
continuing operations (80) 619 (244) (11) 1,077 (730) (665) (5,031)*
Common and Class B per share
Basic income/(loss) from
continuing operations $ (0.05) $ 0.34 $ (0.14) $ (0.01) $ 0.59 $ (0.41) $ (0.37) $ (2.79)
Diluted income/(loss) from
continuing operations (0.05) 0.31 (0.14) (0.01) 0.57 (0.41) (0.37) (2.79)
* See Note 19.
NOTE 24. COMMITMENTS AND CONTINGENCIES
LEASE COMMITMENTS
We lease land, buildings and equipment under agreements that expire in various years. Minimum rental commitments under
non-cancelable operating leases were as follows:
2003 2004 2005 2006 2007 Thereafter
Automotive $ 440 $ 345 $ 244 $ 169 $ 183 $ 254
Financial Services 416 303 233 143 108 456
Rental expense was $1,112 million in 2002, $967 million in 2001, and $889 million in 2000.