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Notes to the Financial Statements
172 Ford Motor Company | 2010 Annual Report
NOTE 28. SEGMENT INFORMATION (Continued)
Financial Services Sector
Financial Services SectorFinancial Services Sector
Financial Services Sector
Total Company
Total CompanyTotal Company
Total Company
Operating Segments
Operating SegmentsOperating Segments
Operating Segments
Reconciling Items
Reconciling ItemsReconciling Items
Reconciling Items
Ford
Ford Ford
Ford
Credit
CreditCredit
Credit
Othe
OtheOthe
Other
r r
r
Financial
Financial Financial
Financial
Services
ServicesServices
Services
Special
Special Special
Special
Items
ItemsItems
Items
Elims
ElimsElims
Elims
Total
TotalTotal
Total
Elims (a)
Elims (a)Elims (a)
Elims (a)
Total
TotalTotal
Total
2010
20102010
2010
Sales/Revenues
External customer ............................................
$ 9,357
$ 317
$ —
$ —
$ 9,674
$ —
$ 128,954
Intersegment ....................................................
469
10
—
—
479
(1,898)
—
Income
Income/(Loss) 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 year-end...................................
101,696
8,708
—
(7,134)
103,270
(c)
(2,083)
165,793
2009
20092009
2009
Sales/Revenues
External customer ............................................
$ 12,079
$ 336
$ —
$ —
$ 12,415
$ —
$ 116,283
Intersegment ....................................................
462
15
—
—
477
(1,480)
—
Income
Income/(Loss) before income taxes .................
2,001
(106)
(81)
—
1,814
—
2,599
Other disclosures:
Depreciation and special tools amortization .....
3,903
34
—
—
3,937
—
7,680
Amortization of intangibles ...............................
—
—
—
—
—
—
86
Interest expense...............................................
5,162
151
—
—
5,313
—
6,790
Interest income (b) ...........................................
107
—
—
—
107
—
312
Cash outflow for capital expenditures...............
11
5
—
—
16
—
4,059
Unconsolidated affiliates
Equity in net income/(loss) ...........................
1
(4)
(132)
—
(135)
—
195
Total assets at year-end...................................
117,344
8,727
—
(6,959)
119,112
(c)
(3,224)
195,006
2008
20082008
2008
Sales/Revenues
External customer ............................................
$ 15,628
$ 321
$ —
$ —
$ 15,949
$ —
$ 143,584
Intersegment ....................................................
789
12
—
—
801
(2,401)
—
Income
Income/(Loss) before income taxes .................
(47
3)
(22)
(2,086)
—
(2,581)
—
(14,895)
Other disclosures:
Depreciation and special tools amortization .....
6,986
37
2,086
—
9,109
—
19,940
Amortization of intangibles ...............................
—
—
—
—
—
—
99
Interest expense...............................................
7,634
110
—
—
7,744
—
9,737
Interest income (b) ...........................................
503
—
—
—
503
—
1,431
Cash outflow for capital expenditures...............
44
32
—
—
76
—
6,492
Unconsolidated affiliates
Equity in net income/(loss) ...........................
8
5
—
—
13
—
381
Total assets at year-end...................................
150,127
11,017
—
(9,477)
151,667
(2,535)
220,688
__________
(a) Includes intersector transactions occurring in the ordinary course of business.
(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
.
(c) As reported on our sector balance sheet.