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74 Ford Motor Company | 2013 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1. PRESENTATION
For purposes of this report, “Ford,” the “Company,” “we,” “our,” “us” or similar references mean Ford Motor Company
and our consolidated subsidiaries and our consolidated VIEs of which we are the primary beneficiary, unless the context
requires otherwise.
We prepare our financial statements in accordance with generally accepted accounting principles in the United States
(“GAAP”). We present the financial statements on both a consolidated basis and on a sector basis for our Automotive and
Financial Services sectors. The additional information provided in the sector statements enables the reader to better
understand the operating performance, financial position, cash flows, and liquidity of our two very different businesses.
We eliminate all intercompany items and transactions in the consolidated and sector balance sheets. In certain
circumstances, presentation of these intercompany eliminations or consolidated adjustments differ between the
consolidated and sector financial statements. These line items are reconciled below under “Reconciliations between
Consolidated and Sector Financial Statements” or in related footnotes.
We reclassified certain prior year amounts on our consolidated financial statements to conform to current year
presentation.
Adoption of New Accounting Standards
Balance Sheet - Offsetting. On January 1, 2013, we adopted the new accounting standard that requires disclosures
about offsetting and related arrangements for derivatives, repurchase agreements and reverse repurchase agreements,
and securities borrowing and securities lending transactions. See Note 4 and Note 16 for further disclosure regarding
balance sheet offsetting.
Intangibles - Goodwill and Other. On January 1, 2013, we adopted the new accounting standard that provides the
option to evaluate qualitative factors to determine whether a calculated impairment test for indefinite-lived intangible
assets is necessary. The adoption of this accounting standard did not impact our consolidated financial statements.
Comprehensive Income - Reporting of Reclassification Adjustments. During 2012, we early adopted the new
accounting standard that requires us to disclose significant amounts reclassified out of each component of Accumulated
other comprehensive income/(loss) (“AOCI”) and the affected income statement line item only if the item reclassified is
required to be reclassified to net income in its entirety. See Note 18 for further disclosure regarding the significant
amounts reclassified out of AOCI.