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Notes to the Financial Statements
120 Ford Motor Company | 2010 Annual Report
NOTE 16. NET INTANGIBLE ASSETS (Continued)
Our license and advertising agreements have amortization periods of 5 years to 25 years, and our other intangibles
have various amortization periods (primarily patents, customer contracts, technology, and land rights).
Pre-tax amortization expense was as follows (in millions):
2010
20102010
2010
200
200200
2009
999
200
200200
2008
888
Pre-tax amortization expense ................................................................
................................
$ 97 $ 86 $ 99
Amortization for current intangible assets is forecasted to be approximately $11 million in 2011 and each year
thereafter.
NOTE 17. ACCRUED LIABILITIES AND DEFERRED REVENUE
Accrued liabilities and deferred revenue at December 31 were as follows (in millions):
2010
20102010
2010
2009
20092009
2009
Automotive Sector
Automotive SectorAutomotive Sector
Automotive Sector
Current
CurrentCurrent
Current
Dealer and customer allowances and claims ................................................................
................................
$ 7,900 $ 8,537
Deferred revenue ................................................................................................................................
............................
2,069 3,129
Employee benefit plans................................................................................................
................................
1,834 1,462
Accrued interest................................................................................................................................
..............................
479 568
Other postretirement employee benefits ("OPEB")................................................................
................................
437 453
Pension................................................................................................................................
................................
376 448
Other................................................................................................................................
................................
3,970 3,541
Total Automotive current................................................................................................
................................
17,065 18,138
Non
NonNon
Non-
---current
currentcurrent
current
Pension ................................................................................................................................
................................
11,637 11,589
OPEB................................................................................................................................
................................
5,982 5,597
Dealer and customer allowances and claims ................................................................
................................
2,203 2,901
Deferred revenue ................................................................................................................................
............................
1,622 1,656
Employee benefit plans ................................................................................................
................................
624 569
Other................................................................................................................................
................................
948 820
Total Automotive non-current................................................................................................
................................
23,016 23,132
Total Automotive sector................................................................................................
................................
40,081 41,270
Financial Services Sector
Financial Services SectorFinancial Services Sector
Financial Services Sector................................................................................................
................................
3,764 4,884
Total sectors................................................................................................................................
..............................
43,845 46,154
Intersector elimination *................................................................................................
................................
(1) (10)
Total Company
Total CompanyTotal Company
Total Company................................................................................................................................
..........................
$ 43,844 $ 46,144
__________
* Accrued interest related to Ford's acquisition of Ford Credit debt securities. See Note 1 for additional detail.
NOTE 18. RETIREMENT BENEFITS
We provide pension benefits and OPEB, such as health care and life insurance, to employees in many of our
operations around the world. Plan obligations are measured based on the present value of projected future benefit
payments for all participants for services rendered to date. The measurement of projected future benefits is dependent on
the provisions of each specific plan, demographics of the group covered by the plan, and other key measurement
assumptions. For plans that provide benefits dependent on salary assumptions, we include a projection of salary growth
in our measurements. No assumption is made regarding any potential changes to benefit provisions beyond those to
which we are presently committed (e.g., in existing labor contracts).