Ford 2007 Annual Report Download - page 109

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Notes to the Financial Statements
107Ford Motor Company | 2007 Annual Report
NOTE 24. RETIREMENT BENEFITS (Continued)
The following table summarizes the assets held by the UAW Benefit Trust and the related obligation (in millions).
These amounts are excluded from our worldwide OPEB benefit obligation and plan asset values shown on the following
page.
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In 2005, an agreement was reached with Visteon which included forgiving a receivable related to Visteon's remaining
UAW OPEB obligation and a portion of Visteon's salary obligation for former Ford employees and retirees. The total
receivable forgiven was about $800 million, of which $600 million was recorded in 2004 as an allowance for doubtful
receivables. At December 31, 2007 and 2006, we had a long-term receivable of $121 million and $127 million,
respectively, representing Visteon's remaining responsibility for the benefits of the Visteon salaried employees.
The measurement date for substantially all of our worldwide postretirement benefit plans is December 31. Our
expense for defined benefit pension and OPEB was as follows (in millions):
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