| Schedule of Segment Information |
Costs are reflected in the associated segment externally reporting the vehicle sale, as detailed in the table below: | | | | | | | | | | Income Statement Elements | Examples | Segment Reporting | | Costs specific to a particular vehicle | Bill of material cost and initial warranty accrual | Reported in the segment externally selling the vehicle | | Costs identifiable by product line | Manufacturing and logistics costs, depreciation & amortization expense, direct research & development costs | Typically identifiable to the product line or production location. Reported in the segment externally selling the vehicle, based on relative volume | | Shared costs | Selling, general & administrative expense, and indirect/cross product line research & development costs | Typically shared across all segments, generally based on relative volume. Certain costs clearly linked to a segment are reported in the specific segment | | Intersegment markup costs for intersegment vehicle transactions | Contract manufacturing and distribution fees | Reported in the segment externally selling the vehicle, for each applicable vehicle transaction |
| | | | | | | | | | Ford Blue | Ford Model e | Ford Pro | ∘ Changan Ford Automobile Corporation, Ltd. (“CAF”) | ∘ BlueOval SK, LLC (“BOSK”) | ∘ Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”) | ∘ Jiangling Motors Corporation, Ltd. (“JMC”) | | | ∘ AutoAlliance (Thailand) Co., Ltd. (“AAT”) | | |
Key financial information for the periods ended or at March 31 was as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ford Blue | | Ford
Model e | | Ford Pro | | Ford Credit | | Unallocated Amounts and Eliminations (a) | | Total | | First Quarter 2025 | | | | | | | | | | | | | External revenues | $ | 20,997 | | | $ | 1,242 | | | $ | 15,181 | | | $ | 3,237 | | | $ | 2 | | | $ | 40,659 | | | Intersegment revenues (b) | 10,605 | | | 116 | | | — | | | — | | | (10,721) | | | — | | | Total revenues | $ | 31,602 | | | $ | 1,358 | | | $ | 15,181 | | | $ | 3,237 | | | $ | (10,719) | | | $ | 40,659 | | | Other segment items (c) | 31,506 | | | 2,207 | | | 13,872 | | | 2,657 | | | | | | | Segment EBIT/EBT | $ | 96 | | | $ | (849) | | | $ | 1,309 | | | $ | 580 | | | | | $ | 1,136 | | | Reconciliation of Segment EBIT/EBT | | | | | | | | | | | | | Unallocated amounts: | | | | | | | | | | | | | Corporate Other | | | | | | | | | | | (117) | | Interest on debt (excludes $1,790 of Ford Credit interest on debt) | | | | | | | | | | | (288) | | | Special items (d) | | | | | | | | | | | (110) | | | Income/(Loss) before income taxes | | | | | | | | | | | $ | 621 | | | | | | | | | | | | | | | Other Segment Disclosures | | | | | | | | | | | | | Depreciation and tooling amortization | $ | 729 | | | $ | 138 | | | $ | 348 | | | $ | 618 | | | $ | 15 | | | $ | 1,848 | | | Investment-related interest income | 48 | | | 1 | | | 15 | | | 91 | | | 196 | | | 351 | | | Equity in net income/(loss) of affiliated companies | 62 | | | (20) | | | 40 | | | 10 | | | 2 | | | 94 | | | Cash outflow for capital spending | 987 | | | 761 | | | 7 | | | 28 | | | 35 | | | 1,818 | | | Total assets | 62,772 | | | 16,181 | | | 3,664 | | | 154,183 | | | 47,739 | | | 284,539 | | | | | | | | | | | | | | | First Quarter 2026 | | | | | | | | | | | | | External revenues | $ | 23,858 | | | $ | 1,232 | | | $ | 14,723 | | | $ | 3,434 | | | $ | 6 | | | $ | 43,253 | | | Intersegment revenues (b) | 9,524 | | | 76 | | | — | | | — | | | (9,600) | | | — | | | Total revenues | $ | 33,382 | | | $ | 1,308 | | | $ | 14,723 | | | $ | 3,434 | | | $ | (9,594) | | | $ | 43,253 | | | Other segment items (c) | 31,440 | | | 2,085 | | | 13,038 | | | 2,651 | | | | | | | Segment EBIT/EBT | $ | 1,942 | | | $ | (777) | | | $ | 1,685 | | | $ | 783 | | | | | $ | 3,633 | | | Reconciliation of Segment EBIT/EBT | | | | | | | | | | | | | Unallocated amounts: | | | | | | | | | | | | | Corporate Other | | | | | | | | | | | (145) | | Interest on debt (excludes $1,719 of Ford Credit interest on debt) | | | | | | | | | | | (350) | | | Special items (e) | | | | | | | | | | | (226) | | | Income/(Loss) before income taxes | | | | | | | | | | | $ | 2,912 | | | | | | | | | | | | | | | Other Segment Disclosures | | | | | | | | | | | | | Depreciation and tooling amortization | $ | 738 | | | $ | 45 | | | $ | 348 | | | $ | 715 | | | $ | 37 | | | $ | 1,883 | | | Investment-related interest income | 52 | | | 1 | | | 16 | | | 77 | | | 170 | | | 316 | | | Equity in net income/(loss) of affiliated companies | 54 | | | (4) | | | 100 | | | 13 | | | (3) | | | 160 | | | Cash outflow for capital spending | 1,335 | | | 990 | | | 8 | | | 19 | | | 24 | | | 2,376 | | | Total assets | 66,111 | | | 6,976 | | | 3,924 | | | 157,627 | | | 47,796 | | | 282,434 | |
__________ (a)Unallocated amounts include Corporate Other (see above description of corporate expenses and corporate assets) and Special Items. Eliminations include intersegment transactions occurring in the ordinary course of business. (b)Intersegment revenues only reflect finished vehicle transactions between Ford Blue, Ford Model e, and Ford Pro where there is an intersegment markup and are recognized at the time of the intersegment transaction. (c)Other segment items for the Ford Blue, Ford Model e, and Ford Pro segments primarily includes material costs, manufacturing costs, warranty coverages and field service action costs, freight and distribution costs, vehicle and software engineering costs, spending-related costs, advertising and sales promotions costs, and administrative, information technology, and selling costs. Other segment items for the Ford Credit segment primarily includes interest expense and depreciation. (d)Primarily reflects the cancellation of a previously planned all-electric three-row SUV program and continued ongoing restructuring actions in Europe. (e)Primarily reflects ongoing restructuring actions in Europe and continued charges related to the EV program cancellations previously announced in December 2025, offset partially by pension and OPEB remeasurements.
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