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Ford Motor Company | 2012 Annual Report 151
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 28. SEGMENT INFORMATION (Continued)
Financial Services Sector Total Company
Operating Segments Reconciling
Item
Ford
Credit
Other
Financial
Services Elims Total Elims (a) Total
2012
Revenues
External customer $ 7,422 $263 $ — $ 7,685 $ — $ 134,252
Intersegment 460 4 — 464 (1,659) —
Income
Income before income taxes 1,697 13 — 1,710 — 7,720
Other disclosures:
Depreciation and special tools amortization 2,499 25 — 2,524 — 6,179
Amortization of intangibles — — — — — 10
Interest expense 3,027 88 — 3,115 — 3,828
Interest income (b) 69 1 — 70 — 342
Cash outflow for capital expenditures 18 11 — 29 — 5,488
Unconsolidated affiliates
Equity in net income/(loss) 33 — — 33 — 588
Total assets at December 31 105,744 7,698 (7,282) 106,160 (2,064)190,554
2011
Revenues
External customer $ 7,764 $332 $ — $ 8,096 $ — $ 136,264
Intersegment 557 5 — 562 (1,642) —
Income
Income before income taxes 2,404 27 — 2,431 — 8,681
Other disclosures:
Depreciation and special tools amortization 1,813 30 — 1,843 — 5,376
Amortization of intangibles — — — — — 12
Interest expense 3,507 107 —3,614 — 4,431
Interest income (b) 83 1 — 84 — 471
Cash outflow for capital expenditures 15 6 — 21 — 4,293
Unconsolidated affiliates
Equity in net income/(loss) 21 — — 21 — 500
Total assets at December 31 100,242 8,634 (7,302) 101,574 (2,012)178,348
2010
Revenues
External customer $ 9,357 $317 $ — $ 9,674 $ — $ 128,954
Intersegment 469 10 — 479 (1,898) —
Income
Income before income taxes 3,054 (51) — 3,003 — 7,149
Other disclosures:
Depreciation and special tools amortization 1,989 35 — 2,024 — 5,900
Amortization of intangibles — — — — — 97
Interest expense 4,222 123 —4,345 — 6,152
Interest income (b) 86 — — 86 — 348
Cash outflow for capital expenditures 13 13 — 26 — 4,092
Unconsolidated affiliates
Equity in net income/(loss) 12 — — 12 — 538
Total assets at December 31 101,696 8,708 (7,134) 103,270 (3,189)164,687
__________
(a) Includes intersector transactions occurring in the ordinary course of business and deferred tax netting.
(b) Interest income reflected on this line for Financial Services sector is non-financing related. Interest income in the normal course of business for
Financial Services sector is reported in Financial Services revenues.
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