Ford 2010 Annual Report Download - page 94

Download and view the complete annual report

Please find page 94 of the 2010 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

Notes to the Financial Statements
92 Ford Motor Company | 2010 Annual Report
NOTE 4. FAIR VALUE MEASUREMENTS (Continued)
December 31, 2009
December 31, 2009December 31, 2009
December 31, 2009
Level 1
Level 1Level 1
Level 1
Level 2
Level 2Level 2
Level 2
Level 3
Level 3Level 3
Level 3
Total
TotalTotal
Total
Automotive Sector
Automotive SectorAutomotive Sector
Automotive Sector
Assets
AssetsAssets
Assets
Cash equivalents – financial instruments (a)
U.S. government ................................................................
................................
$ 30 $ — $ — $ 30
U.S. government-sponsored enterprises................................
................................
— 949 — 949
Government – non-U.S.................................
................................
— 238 — 238
Foreign government agencies/Corporate debt (b)
................................
— 2,557 — 2,557
Total cash equivalents – financial instruments
................................
30 3,744 — 3,774
Marketable securities(c)
U.S. government ................................................................
................................
9,130 — — 9,130
U.S. government-sponsored enterprises................................
................................
— 2,408 — 2,408
Foreign government agencies/Corporate debt (b)
................................
— 414 8 422
Mortgage-backed and other asset-backed
................................
— 191 17 208
Equity................................................................
................................
477 — — 477
Government – non-U.S.................................
................................
— 977 — 977
Other liquid investments (d) ................................
................................
— 901 — 901
Total marketable securities ................................
................................
9,607 4,891 25 14,523
Derivative financial instruments (e)
Foreign exchange contracts................................
................................
— 59 — 59
Commodity contracts ................................
................................
— 8 7 15
Other - warrants................................................................
................................
— — 2 2
Total derivative financial instruments ................................
................................
— 67 9 76
Total assets at fair value ................................
................................
$ 9,637 $ 8,702 $ 34 $ 18,373
Liabilities
LiabilitiesLiabilities
Liabilities
Derivative financial instruments (e)
Foreign exchange contracts................................
................................
$ — $ 85 $ — $ 85
Commodity contracts ................................
................................
— 54 — 54
Total derivative financial instruments ................................
................................
— 139 — 139
Total liabilities at fair value................................
................................
$ — $ 139 $ — $ 139
(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 $2.1 billion as of December 31, 2009 for the Automotive sector, which
approximates fair value. In addition to these cash equivalents, we also had cash on hand totaling $3.9 billion as of December 31, 2009.
(b) Includes notes issued by foreign government agencies that include implicit and explicit guarantees, as well as notes issued by supranational
institutions.
(c) Marketable securities excludes an investment in Ford Credit debt securities held by the Automotive sector with a carrying value of $646 million
and an estimated fair value of $656 million as of December 31, 2009; see Note 1 for additional detail.
(d) Other liquid investments include certificates of deposit and time deposits with a maturity of more than 90 days at date of purchase.
(e) See Note 26 for additional information regarding derivative financial instruments.