Annual Report 2011 - Ford Motor Company
Annual Report 2011 - Ford Motor Company
Annual Report 2011 - Ford Motor Company
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Notes to the Financial Statements<br />
NOTE 4. FAIR VALUE MEASUREMENTS (Continued)<br />
Non-U.S.<br />
Government<br />
Agencies<br />
Automotive Sector<br />
Beginning balance<br />
Realized/unrealized gains/<br />
(losses)<br />
$ —<br />
Cost of sales<br />
Interest income and other<br />
—<br />
non-operating income/<br />
(expense), net<br />
—<br />
Other comprehensive<br />
income/(loss) (a)<br />
Total realized/<br />
—<br />
unrealized gains/<br />
(losses)<br />
Purchases, issues, sales,<br />
and settlements<br />
—<br />
Purchases<br />
1<br />
Issues<br />
—<br />
Sales<br />
—<br />
Settlements<br />
—<br />
Total purchases, issues,<br />
sales, and settlements<br />
1<br />
Transfers into Level 3 (b)<br />
—<br />
Transfers out of Level 3 (b)<br />
—<br />
Ending balance<br />
$ 1<br />
Unrealized gains/ (losses)<br />
on instruments still held $ —<br />
Financial Services Sector<br />
Beginning balance<br />
Realized/unrealized gains/<br />
(losses)<br />
$ — $ 4 $ — $ — $ 4 $ (155) $ 26 $ (125)<br />
Other income/(loss), net<br />
—<br />
(4)<br />
—<br />
—<br />
(4)<br />
(91)<br />
(3) (98)<br />
Other comprehensive<br />
income/(loss) (a)<br />
—<br />
—<br />
—<br />
—<br />
—<br />
(6)<br />
2 (4)<br />
Interest income/<br />
(expense)<br />
Total realized/<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
— —<br />
unrealized gains/<br />
(losses)<br />
Purchases, issues, sales,<br />
and settlements<br />
—<br />
(4)<br />
—<br />
—<br />
(4)<br />
(97)<br />
(1) (102)<br />
Purchases<br />
1<br />
10<br />
—<br />
—<br />
11<br />
—<br />
— 11<br />
Issues<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
— —<br />
Sales<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
— —<br />
Settlements<br />
—<br />
—<br />
—<br />
—<br />
—<br />
164<br />
(25) 139<br />
Total purchases, issues,<br />
sales, and settlements<br />
1<br />
10<br />
—<br />
—<br />
11<br />
164<br />
(25) 150<br />
Transfers into Level 3 (b)<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
— —<br />
Transfers out of Level 3 (b)<br />
—<br />
(10)<br />
—<br />
—<br />
(10)<br />
(1)<br />
— (11)<br />
Ending balance<br />
$ 1 $ — $ — $ — $ 1 $ (89) $ — $ (88)<br />
Unrealized gains/(losses)<br />
on instruments still held<br />
__________<br />
$ — $ — $ — $ — $ — $ 64 $ — $ 64<br />
(a) "Other comprehensive income/(loss)" represents foreign currency translation on derivative asset and liability balances held by non-U.S. dollar<br />
foreign affiliates.<br />
(b) Represents transfers due to the increase in availability of observable data for $20 million of marketable securities as a result of greater market<br />
activity for these securities and $1 million due to shorter duration of derivative financial instruments. The company's policy is to recognize transfers<br />
in and transfers out at the value at the end of the reporting period.<br />
106 <strong>Ford</strong> <strong>Motor</strong> <strong>Company</strong> | <strong>2011</strong> <strong>Annual</strong> <strong>Report</strong><br />
Corporate<br />
Debt<br />
$ 8<br />
Marketable Securities<br />
—<br />
—<br />
—<br />
—<br />
13<br />
—<br />
(11)<br />
—<br />
2<br />
—<br />
(10)<br />
$ —<br />
$ —<br />
Mortgage-<br />
Backed<br />
and Other<br />
Asset-<br />
Backed<br />
$ 17<br />
—<br />
(1)<br />
—<br />
(1)<br />
—<br />
—<br />
(16)<br />
—<br />
(16)<br />
—<br />
—<br />
$ —<br />
$ —<br />
2010<br />
Non-U.S.<br />
Government<br />
$ —<br />
—<br />
—<br />
—<br />
—<br />
1<br />
—<br />
—<br />
—<br />
1<br />
—<br />
—<br />
$ 1<br />
$ —<br />
Total<br />
Marketable<br />
Securities<br />
$ 25<br />
—<br />
(1)<br />
—<br />
(1)<br />
15<br />
—<br />
(27)<br />
—<br />
(12)<br />
—<br />
(10)<br />
$ 2<br />
$ —<br />
Derivative<br />
Financial<br />
Instruments,<br />
Net<br />
$ 9<br />
39<br />
2<br />
—<br />
41<br />
—<br />
—<br />
—<br />
(12)<br />
(12)<br />
—<br />
—<br />
$ 38<br />
$ 29<br />
Retained<br />
Interest in<br />
Securitized<br />
Assets<br />
$ —<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
$ —<br />
$ —<br />
Total<br />
Level 3<br />
Fair<br />
Value<br />
$ 34<br />
39<br />
1<br />
—<br />
40<br />
15<br />
—<br />
(27)<br />
(12)<br />
(24)<br />
—<br />
(10)<br />
$ 40<br />
$ 29
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