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Notes to the Financial Statements
Ford Motor Company | 2011 Annual Report 145
NOTE 18. 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 accrued liabilities and deferred revenue and was $205 million and $275 million at
December 31, 2011 and 2010, respectively. Interest accrued on Financial Services debt is reported in Financial Services
other liabilities and deferred income and was $836 million and about $1 billion at December 31, 2011 and 2010,
respectively. See Note 4 for fair value methodology.
Maturities
Debt maturities at December 31, 2011 were as follows (in millions):
Automotive Sector
Public unsecured debt securities
Unamortized discount (a)
Convertible notes
Unamortized discount (a)
U.S. DOE loans
Short-term and other debt (b)
Total Automotive debt
Financial Services Sector
Unsecured debt
Asset-backed debt
Unamortized (discount)/premium (a)
Fair value adjustments (a) (c)
Total Financial Services debt
Intersector elimination
Total Company
2012
$—
—
—
—
240
793
1,033
12,918
26,360
(14)
18
39,282
(201)
$ 40,114
2013
$—
—
—
—
480
401
881
5,749
10,010
(11)
71
15,819
—
$16,700
2014
$—
—
—
—
480
52
532
3,643
5,432
(104)
42
9,013
—
$9,545
2015
$—
—
—
—
480
744
1,224
6,986
2,598
(5)
107
9,686
—
$10,910
2016
$—
—
883
(166)
480
108
1,305
1,812
2,581
(7)
24
4,410
—
$5,715
Thereafter
$5,260
(77)
25
(6)
2,636
281
8,119
7,977
—
(11)
419
8,385
—
$16,504
Total Debt
Maturities
$ 5,260
(77)
908
(172)
4,796
2,379
13,094
39,085
46,981
(152)
681
86,595
(201)
$ 99,488
__________
(a) Unamortized discount and fair value adjustments are presented based on contractual payment date of related debt.
(b) Primarily non-U.S. affiliate debt and includes the EIB secured loan.
(c) Adjustments related to designated fair value hedges of unsecured debt.