Ford 2009 Annual Report Download - page 42

Management’s Discussion and Analysis of Financial Condition and Results of Operations
40 Ford Motor Company | 2009 Annual Report
Other Automotive Credit Facilities.* At December 31, 2009, we had $628 million of other contractually-committed
Automotive credit facilities with financial institutions, including $25 million of worldwide Automotive unsecured credit
facilities and $603 million of local credit facilities to foreign Automotive affiliates. Of the $628 million of contractually-
committed, $130 million has been utilized. Of the $498 million available for use, $60 million expire in 2010, $65 million
expire in 2013, and $373 million expire in 2014.

DOE ATVM Program. As disclosed in our Current Report on Form 8-K dated September 16, 2009 (the "September
2009 Form 8-K Report"), we entered into a Loan Arrangement and Reimbursement Agreement ("Arrangement
Agreement") with the DOE, pursuant to which the DOE agreed to (i) arrange a 13-year multi-draw term loan facility (the
"Facility") under the ATVM Program in the aggregate principal amount of up to $5.9 billion, (ii) designate us as a borrower
under the ATVM Program and (iii) cause Federal Financing Bank to enter into a Note Purchase Agreement (the "Note
Purchase Agreement") for the purchase of notes to be issued by us evidencing such loans. The proceeds of advances
under the Facility will be used to finance certain costs eligible for financing under the ATVM Program that are incurred
through mid-2012. Advances under the Facility may be requested through June 30, 2012. Each advance under the
Facility will bear interest at a blended rate based on the Treasury yield curve at the time such advance is borrowed, based
on the principal amortization schedule for that advance, with interest payable quarterly in arrears. The principal amount of
the loans under the Facility are payable in equal quarterly installments commencing on September 15, 2012 through
June 15, 2022. Through December 31, 2009 we have received $1.2 billion in loans under the Facility. For additional
details regarding the Arrangement Agreement and the Note Purchase Agreement, refer to Exhibits 10.1 and 10.2 filed with
the September 2009 Form 8-K Report.
Net Cash/(Debt). Our Automotive sector net debt calculation is detailed below (in billions):

'HFHPEHU
'HFHPEHU'HFHPEHU
'HFHPEHU









*URVVFDVK

   
/HVV 
/RQJWHUPGHEW 

   
'HEWSD\DEOHZLWKLQRQH\HDU

   
7RWDOGHEW

   
1HWFDVKGHEW 

   
The change in total debt primarily is explained by the net $7.5 billion draw on our revolving credit facility discussed
above, the two New Notes, totaling $7 billion, issued in connection with the UAW VEBA transaction discussed below, the
issuance of $2.875 billion aggregate principal amount of the 2016 Convertible Notes discussed above, and the $10.1 billion
of debt reduction actions discussed below.
See Note 19 of the Notes to the Financial Statements for our debt maturity table as of December 31, 2009 and
additional debt disclosures.
BBBBBBBBBB
&UHGLWIDFLOLWLHVRIRXU9,(VDUHH[FOXGHGDVZHGRQRWFRQWUROWKHLUXVH