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Ford Motor Company | 2013 Annual Report 115
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 15. DEBT AND COMMITMENTS (Continued)
The fair value of debt presented above reflects interest accrued but not yet paid. Interest accrued on Automotive debt
is reported in Automotive other liabilities and deferred revenue and was $195 million and $194 million at
December 31, 2013 and 2012, respectively. Interest accrued on Financial Services debt is reported in Financial Services
other liabilities and deferred income and was $633 million and $744 million at December 31, 2013 and 2012, respectively.
See Note 4 for fair value methodology.
Maturities
The following table summarizes contractual maturities including capital leases at December 31, 2013 (in millions):
2014 2015 2016 2017 2018 Thereafter
Total Debt
Maturities
Automotive Sector
Public unsecured debt securities $ — $ 165 $ — $ — $ 361 $6,273 $ 6,799
Convertible notes — — 883 — — 25 908
DOE ATVM Incentive Program 591 591 591 591 591 2,060 5,015
Short-term and other debt (a) 666 1,772 289 73 71 345 3,216
Total (b) 1,257 2,528 1,763 664 1,023 8,703 15,938
Financial Services Sector
Unsecured debt 14,142 9,048 8,955 7,445 5,612 7,854 53,056
Asset-backed debt 22,664 11,994 7,836 2,746 497 200 45,937
Total (b) 36,806 21,042 16,791 10,191 6,109 8,054 98,993
Total Company (b) $ 38,063 $ 23,570 $18,554 $10,855 $7,132 $16,757 $114,931
__________
(a) Primarily non-U.S. affiliate debt and includes the EIB secured loans.
(b) Excludes discounts, premiums and adjustments, if any, related to designated fair value hedges of unsecured debt.
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