Ford 2009 Annual Report Download - page 25
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Management’s Discussion and Analysis of Financial Condition and Results of Operations
Ford Motor Company | 2009 Annual Report 23
Included in Provision for/(Benefit from) income taxes are tax benefits of $132 million, $144 million, and $1.5 billion for
2009, 2008, and 2007, respectively, that we consider to be special items. These consist of the tax effects of the pre-tax
special items listed above, the impact of changes in tax rate on deferred tax balances, and, in 2007, a $1.5 billion benefit
reflecting the change in our deferred tax asset valuation allowance allocated to Income/(Loss) from continuing operations
after taking into consideration income from Accumulated other comprehensive income/(loss) when determining whether
sufficient future taxable income exists to realize deferred tax assets.
Discussion of Automotive and Financial Services sector results of operations below is on a pre-tax basis. Discussion of
overall Automotive cost changes, including structural cost changes (e.g., manufacturing and engineering, pension and
OPEB, overhead, etc.), is at constant exchange and excludes special items and discontinued operations. In addition, costs
that vary directly with volume, such as material, freight, and warranty costs, are measured at constant volume and mix.