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84 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 4. FAIR VALUE MEASUREMENTS (Continued)
Input Hierarchy of Items Measured at Fair Value on a Nonrecurring Basis
The following table summarizes the items measured at fair value subsequent to initial recognition on a nonrecurring
basis by input hierarchy at December 31 that were still held on our balance sheet at those dates (in millions):
December 31, 2012 December 31, 2011
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Financial Services Sector
North America
Retail receivables $ — $ — $ 52 $ 52 $ — $ — $ 70 $ 70
Dealer loans — — 2 2 — — 6 6
Total North America — — 54 54 — — 76 76
International
Retail receivables — — 26 26 — — 39 39
Total International — — 26 26 — — 39 39
Total Financial Services sector $ — $ — $ 80 $ 80 $ — $ — $ 115 $115
Nonrecurring Fair Value Changes
The following table summarizes the total change in value of items for which a nonrecurring fair value adjustment has
been included in our income statement for the years ended December 31, related to items still held on our balance sheet
at those dates (in millions):
Total Gains/(Losses)
2012 2011 2010
Financial Services Sector
North America
Retail receivables $ (13) $ (23) $ (29)
Dealer loans (1) — (3)
Total North America (14)(23)(32)
International
Retail receivables (11)(14)(25)
Total International (11)(14)(25)
Total Financial Services sector $ (25) $ (37) $ (57)
Fair value changes related to retail and dealer loan finance receivables that have been written down based on the fair
value of collateral adjusted for estimated costs to sell are recorded in Financial Services provision for credit and insurance
losses.