Annual Report 2011 - Ford Motor Company

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Notes to the Financial Statements NOTE 5. RESTRICTED CASH Cash and cash equivalents that are restricted as to withdrawal or usage under the terms of certain contractual agreements are recorded in Other assets on our balance sheet. Our Automotive sector restricted cash balances primarily include cash collateral required to be held against loans from the European Investment Bank ("EIB") and cash collateral required for bank guarantees. Additionally, restricted cash includes various escrow agreements related to insurance, customs, judicial, and environmental matters. Our Financial Services sector restricted cash balances primarily include cash held to meet certain local governmental and regulatory reserve requirements. At December 31, 2010, restricted cash also included cash collateral required to be held against loans from the EIB. Restricted cash does not include required minimum balances or cash securing debt issued through securitization transactions. Restricted cash reflected on our balance sheet at December 31 was as follows (in millions): Automotive sector Financial Services sector Total Company NOTE 6. MARKETABLE AND OTHER SECURITIES 108 Ford Motor Company | 2011 Annual Report 2011 $ 330 149 $ 479 2010 $ 433 298 $ 731 We hold various investments classified as marketable securities, including U.S. government and non-U.S. government securities, non-U.S. government agencies, corporate obligations and equities, and asset-backed securities. We record marketable securities at fair value. Unrealized gains and losses are recorded in Automotive interest income and other non-operating income/(expense), net and Financial Services other income/(loss), net. Realized gains and losses are measured using the specific identification method. Investments in Marketable Securities Investments in marketable securities at December 31 were as follows (in millions): Unrealized Unrealized Gains/ Gains/ Fair Value (Losses) (a) Fair Value (Losses) (a) Automotive sector (b) $ 14,984 $ (93) $ 14,207 $ 34 Financial Services sector 3,835 (9) 6,759 4 Intersector elimination (b) (201) — (201) — Total Company __________ (a) Unrealized gains/(losses) for period related to instruments still held. $ 18,618 $ (102) $ 20,765 $ 38 (b) "Fair Value" reflects an investment in Ford Credit debt securities shown at a carrying value of $201 million and $201 million (estimated fair value of which is $201 million and $203 million) at December 31, 2011 and 2010, respectively. See Note 18 for additional detail. Included in Automotive sector marketable securities above is our investment in Mazda. In 2010, we sold 133 million shares of Mazda for net proceeds of $372 million. We continue to own 62 million shares of Mazda, representing a 3.5% ownership interest. The fair value of our investment in Mazda at December 31, 2011 and 2010 was $110 million and $179 million, respectively. 2011 2010
Notes to the Financial Statements NOTE 6. MARKETABLE AND OTHER SECURITIES (Continued) Other Securities Investments in entities that we do not control and over which we do not have the ability to exercise significant influence are recorded at cost and included in Other assets. These cost method investments at December 31 were as follows (in millions): Automotive sector Financial Services sector Total Company NOTE 7. FINANCE RECEIVABLES 2011 $ 21 5 $ 26 Finance receivables reflected on our consolidated balance sheet at December 31 were as follows (in millions): 2011 Automotive sector (a) $ 355 Financial Services sector 73,330 Reclassification of receivables purchased by Financial Services sector from Automotive sector to Other receivables, net (3,709) Finance receivables, net __________ $ 69,976 (a) Finance receivables are reported on our sector balance sheet in Receivables, less allowances and Other assets. Automotive Sector 2010 $ 92 5 $ 97 2010 $ 224 73,265 (3,419) $ 70,070 Our Automotive sector holds notes receivable, which consist primarily of notes related to the restructuring of our businesses and loans with certain suppliers. Performance of this group of receivables is evaluated based on payment activity and the financial stability of the debtor. Notes receivable initially are recorded at fair value and subsequently measured at amortized cost. Notes receivable, net at December 31 were as follows (in millions): Notes receivable Less: Allowance for credit losses Notes receivable, net 2011 2010 $ 384 $ 344 (29) (120) $ 355 $ 224 Ford Motor Company | 2011 Annual Report 109
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PROFITABLE GROWTH FOR ALL Ford Moto
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ON THE COVER The all-new Ford Fusio
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A MESSAGE FROM THE PRESIDENT AND CE
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Environmental and social goals are
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1 1) Joe Hinrichs, Group Vice Presi
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To meet regional needs in Asia Paci
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UTILITIES The latest One Ford globa
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LINCOLN CUTTING-EDGE PRODUCTS, PERS
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GREEN 2 Ford continues to work to f
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SMART As technology becomes ever mo
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1) Ford team at the ringing of the
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THE POWER OF CHOICE With record sal
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PEOPLE HELPING PEOPLE Ford voluntee
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FINANCIAL CONTENT * 26 Management
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Management’s Discussion and Analy
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Employment Data The approximate num
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Stock Performance Graph SEC rules r
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GLOBAL OVERVIEW Automotive Brand Cu
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Annual Report 2011 - Ford Motor Company

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