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Notes to the Financial Statements
104 Ford Motor Company | 2011 Annual Report
NOTE 4. FAIR VALUE MEASUREMENTS (Continued)
Financial Services Sector
Assets
Cash equivalents – financial instruments (b)
U.S. government
U.S. government-sponsored enterprises
Non-U.S. government
Non-U.S. government agencies (c)
Corporate debt
Total cash equivalents – financial instruments
Marketable securities
U.S. government
U.S. government-sponsored enterprises
Non-U.S. government agencies (c)
Corporate debt
Mortgage-backed and other asset-backed
Non-U.S. government
Other liquid investments (d)
Total marketable securities
Derivative financial instruments
Interest rate contracts
Foreign exchange contracts
Cross currency interest rate swap contracts
Total derivative financial instruments (e)
Total assets at fair value
Liabilities
Derivative financial instruments
Interest rate contracts
Foreign exchange contracts
Cross-currency interest rate swap contracts
Total derivative financial instruments (e)
Total liabilities at fair value
2010
Level 1 (a)
$9
—
—
—
—
9
1,671
—
—
—
—
—
—
1,671
—
—
—
—
$1,680
$—
—
—
—
$—
Level 2 (a)
$—
150
323
100
200
773
—
2,905
821
732
177
364
88
5,087
1,035
24
25
1,084
$6,944
$134
73
118
325
$325
Level 3
$—
—
—
—
—
—
—
—
1
—
—
—
—
1
177
—
—
177
$178
$195
—
71
266
$266
Total
$9
150
323
100
200
782
1,671
2,905
822
732
177
364
88
6,759
1,212
24
25
1,261
$ 8,802
$329
73
189
591
$591
__________
(a) There were no transfers between Level 1 and 2 during the year.
(b) "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. In addition
to these cash equivalents, our Financial Services sector also had cash on hand totaling $2 billion as of December 31, 2010.
(c) Includes notes issued by Non-U.S. government agencies, as well as notes issues by supranational institutions.
(d) "Other liquid investments" in this table includes certificates of deposit and time deposits subject to changes in value.
(e) See Note 25 for additional information regarding derivative financial instruments.