Ford 2014 Annual Report Download - page 125
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NOTES TO THE FINANCIAL STATEMENTS
NOTE 4. FAIR VALUE MEASUREMENTS (Continued)
Input Hierarchy of Items Measured at Fair Value on a Recurring Basis
The following tables categorize the fair values of items measured at fair value on a recurring basis at December 31 on
our balance sheet (in millions):
2014 2013
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Automotive Sector
Assets
Cash equivalents – financial instruments
U.S. government and agencies $ —$ 64 $ — $ 64 $ — $ 33 $ — $ 33
Non-U.S. government and agencies — 122 — 122 —200 —200
Corporate debt — 20 — 20 — — — —
Total cash equivalents (a) — 206 — 206 —233 —233
Marketable securities
U.S. government and agencies 969 5,789 —6,758 3,752 6,596 — 10,348
Non-U.S. government and agencies — 7,004 —7,004 —6,538 — 6,538
Corporate debt — 2,738 —2,738 —2,623 — 2,623
Equities 322 — — 322 341 — — 341
Other marketable securities — 313 — 313 —307 —307
Total marketable securities 1,291 15,844 —17,135 4,093 16,064 — 20,157
Derivative financial instruments (b) — 517 — 517 —579 1 580
Total assets at fair value $ 1,291 $16,567 $ —$
17,858 $4,093 $16,876 $1$ 20,970
Liabilities
Derivative financial instruments (b) $ — $ 710 $ 3 $ 713 $ —$ 416 $2$418
Total liabilities at fair value $ — $ 710 $ 3 $ 713 $ —$ 416 $2$418
Financial Services Sector
Assets
Cash equivalents – financial instruments
Non-U.S. government and agencies — 341 — 341 — 24 — 24
Corporate debt — 10 — 10 — — — —
Total cash equivalents (a) — 351 — 351 — 24 — 24
Marketable securities
U.S. government and agencies 17 1,251 —1,268 418 25 — 443
Non-U.S. government and agencies — 405 — 405 —184 —184
Corporate debt — 1,555 —1,555 —1,273 — 1,273
Other marketable securities — 30 — 30 — 43 — 43
Total marketable securities 17 3,241 —3,258 418 1,525 — 1,943
Derivative financial instruments (b) — 859 — 859 —585 —585
Total assets at fair value $ 17 $ 4,451 $ —$ 4,468 $418 $2,134 $ — $ 2,552
Liabilities
Derivative financial instruments (b) $ — $ 167 $ — $ 167 $ —$ 506 $ —$ 506
Total liabilities at fair value $ — $ 167 $ — $ 167 $ —$ 506 $ —$ 506
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(a) Excludes time deposits, certificates of deposit, money market accounts, and other cash equivalents reported at par value on our balance sheet
totaling $3.3 billion and $2.8 billion for Automotive sector and $3.8 billion and $6.7 billion for Financial Services sector at December 31, 2014 and
December 31, 2013, respectively. In addition to these cash equivalents, we also had cash on hand totaling $1.1 billion and $2 billion for Automotive
sector and $2 billion and $2.8 billion for Financial Services sector at December 31, 2014 and December 31, 2013, respectively.
(b) See Note 16 for additional information regarding derivative financial instruments.
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