Ford 2009 Annual Report Download - page 101

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Notes to the Financial Statements
Ford Motor Company | 2009 Annual Report 99
NOTE 6. MARKETABLE AND OTHER SECURITIES (Continued)
Included in Automotive sector trading securities above is our investment in Mazda. The fair value of our investment in
Mazda at December 31, 2009 and 2008 was $447 million and $322 million, respectively. See Note 12 for additional
information.
The proceeds from maturities and sales of available-for-sale securities in 2007 were as follows (in millions):
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0DWXULWLHV0DWXULWLHV
0DWXULWLHV
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6DOHV6DOHV
6DOHV
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 ಧ  
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   
Realized gains and losses on sales of available-for-sale securities in 2007 were as follows (in millions):
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*DLQV*DLQV
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/RVVHV/RVVHV
/RVVHV
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  
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   
Other Securities
Investments in entities that we do not control and over which we do not have the ability to exercise significant influence
are recorded at cost and included in Other assets. These cost method investments were as follows (in millions):
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   
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NOTE 7. FINANCE RECEIVABLES — FINANCIAL SERVICES SECTOR
Retail finance receivables consist primarily of installment loans and direct financing lease contracts for new and used
vehicles with retail customers, daily rental companies, government entities, and fleet customers. Wholesale finance
receivables include dealer financing of new and used vehicles in inventory. Other finance receivables consist primarily of
real estate, commercial and other collateralized loans, and accrued interest.
Revenue from finance receivables (including direct financing leases) is recognized using the interest method. Certain
origination costs on receivables are deferred and amortized, using the interest method, over the term of the related
receivable as a reduction in financing revenue. The accrual of interest on receivables is discontinued at the time a
receivable is determined to be uncollectible.
Ford Credit receives interest supplements and other support payments on certain financing transactions under
agreements with Ford and other affiliates. Income is recognized in a manner that is consistent with revenue recognition
on the underlying financing contracts over the periods that the related finance receivables are outstanding.