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Notes to the Financial Statements
78 Ford Motor Company | 2007 Annual Report
NOTE 13. GOODWILL AND OTHER NET INTANGIBLES (Continued)
Excluded from the table above is goodwill within Automotive equity in net assets of affiliated companies of $247 million
and $249 million at December 31, 2007 and 2006, respectively.
Other Net Intangibles
The components of net identifiable intangible assets are as follows (in millions):
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Our identifiable net intangible assets are comprised of distribution networks with a useful life of 40 years,
manufacturing and production incentive rights with a useful life of 4 years, and other intangibles with various amortization
periods (primarily patents, customer contracts, technology, and land rights).
During the fourth quarter of 2007, Jaguar and Land Rover were classified as held for sale. Accordingly, we excluded
from the table above and reclassified net intangible assets of $572 million and $526 million, primarily comprised of a non-
amortizable tradename, within Assets of discontinued/held-for-sale operations at December 31, 2007 and 2006,
respectively. In addition, we excluded from the table above and reclassified $4 million of net intangible assets related to
Aston Martin to Assets of discontinued/held-for-sale operations at December 31, 2006.
Pre-tax amortization expense related to these intangible assets was as follows (in millions):
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Excluding the impact of foreign currency translation, intangible asset amortization is forecasted to range from
$95 million to $105 million per year for the next three years, and $20 million to $30 million thereafter.
NOTE 14. VARIABLE INTEREST ENTITIES
We consolidate VIEs of which we are the primary beneficiary. The liabilities recognized as a result of consolidating
these VIEs do not necessarily represent additional claims on our general assets; rather, they represent claims against the
specific assets of the consolidated VIEs. Conversely, assets recognized as a result of consolidating these VIEs do not
represent additional assets that could be used to satisfy claims against our general assets. Reflected in our
December 31, 2007 and 2006 balance sheets are consolidated VIE assets of $6.3 billion and $5.6 billion, respectively, for
the Automotive sector and $82.4 billion and $69.5 billion, respectively, for the Financial Services sector. Included in
Automotive consolidated VIE assets are $742 million and $488 million of cash and cash equivalents at
December 31, 2007 and 2006, respectively. For the Financial Services sector, consolidated assets related to
securitizations included $4.6 billion and $3.7 billion in cash and cash equivalents, and $77.8 billion and $65.8 billion of
receivables and beneficial interests in net investment in operating leases at December 31, 2007 and 2006, respectively.