Ford 2009 Annual Report Download - page 23

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Management’s Discussion and Analysis of Financial Condition and Results of Operations
Ford Motor Company | 2009 Annual Report 21
RESULTS OF OPERATIONS
FULL-YEAR 2009 RESULTS OF OPERATIONS
Our worldwide net income attributable to Ford Motor Company was $2.7 billion or $0.86 per share of Common and
Class B Stock in 2009, an improvement of $17.5 billion from a net loss attributable to Ford Motor Company of $14.8 billion
or $6.50 per share of Common and Class B Stock in 2008.
Results by business sector are shown below (in millions):
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D Adjusted for the effect of the change in the accounting standards for convertible debt instruments that, upon conversion, may be settled in
cash; see Note 1 of the Notes to the Financial Statements for additional detail
E See Note 23 of the Notes to the Financial Statements for disclosure regarding 2009 effective tax rate.
F Formerly labeled "Minority interests in net income/(loss)," reflects new presentation under standard on accounting for noncontrolling interests,
which was effective January 1, 2009. Primarily related to Ford Europe's consolidated 41% owned affiliate, Ford Otosan. The pre-tax results for
Ford Otosan were $307 million, $531 million, and $551 million in 2009, 2008, and 2007, respectively.
G Formerly labeled "Net income/(loss)," reflects new presentation under the standard on accounting for noncontrolling interests, effective
January 1, 2009
Income/(Loss) before income taxes includes certain items ("special items") that we have grouped into "Personnel and
Dealer-Related Items" and "Other Items" to provide useful information to investors about the nature of the special items.
The first category includes items related to our efforts to match production capacity and cost structure to market demand
and changing model mix and therefore helps investors track amounts related to those activities. The second category
includes items that we do not generally consider to be indicative of our ongoing operating activities, and therefore allows
investors analyzing our pre-tax results to identify certain infrequent significant items that they may wish to exclude when
considering the trend of ongoing operating results.