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Notes to the Financial Statements
Ford Motor Company | 2010 Annual Report 91
NOTE 4. FAIR VALUE MEASUREMENTS (Continued)
December 31
December 31December 31
December 31, 2010
, 2010, 2010
, 2010
Level 1
Level 1Level 1
Level 1
Level 2
Level 2Level 2
Level 2
Level 3
Level 3Level 3
Level 3
Total
TotalTotal
Total
Financial Services Sector
Financial Services SectorFinancial Services Sector
Financial Services Sector
Assets
AssetsAssets
Assets
Cash equivalents – financial instruments (a)
U.S. government ................................................................
................................
$ 9 $ — $ — $ 9
U.S. government-sponsored enterprises................................
................................
— 150 — 150
Government – non-U.S.................................
................................
— 323 — 323
Foreign government agencies/Corporate debt (b)
................................
— 300 — 300
Total cash equivalents – financial instruments 9 773 — 782
Marketable securities
U.S. government ................................................................
................................
1,671 — — 1,671
U.S. government-sponsored enterprises................................
................................
— 2,905 — 2,905
Foreign government agencies/Corporate debt (b)
................................
— 1,553 1 1,554
Mortgage-backed................................................................
................................
— 177 — 177
Government – non-U.S.................................
................................
— 364 — 364
Other liquid investments (c) ................................
................................
— 88 — 88
Total marketable securities ................................
................................
1,671 5,087 1 6,759
Derivative financial instruments (d)
Interest rate contracts ................................
................................
— 1,035 177 1,212
Foreign exchange contracts................................
................................
— 24 — 24
Cross currency interest rate swap contracts
................................
— 25 — 25
Total derivative financial instruments ................................
................................
— 1,084 177 1,261
Total assets at fair value ................................
................................
$ 1,680 $ 6,944 $ 178 $ 8,802
Liabilities
LiabilitiesLiabilities
Liabilities
Derivative financial instruments (d)
Interest rate contracts ................................
................................
$ — $ 134 $ 195 $ 329
Foreign exchange contracts................................
................................
— 73 — 73
Cross-currency interest rate swap contracts
................................
— 118 71 189
Total derivative financial instruments ................................
................................
— 325 266 591
Total liabilities at fair value................................
................................
$ — $ 325 $ 266 $ 591
(a) "Cash equivalents – financial instruments" in this table excludes time deposits, certificates of deposit, money market accounts, and other cash
equivalents reported at par value on our balance sheet totaling $5.7 billion as of December 31, 2010 for the Financial Services sector, which
approximates fair value. In addition to these cash equivalents, we also had cash on hand totaling $2 billion as of December 31, 2010.
(b) Includes notes issued by foreign government agencies that include implicit and explicit guarantees, as well as notes issues by supranational
institutions.
(c) Other liquid investments include certificates of deposit and time deposits with a maturity of more than 90 days at date of purchase.
(d) See Note 26 for additional information regarding derivative financial instruments.