Annual Report 2011 - Ford Motor Company

Notes to the Financial Statements
NOTE 18. DEBT AND COMMITMENTS (Continued)
Automotive Sector
Public Unsecured Debt Securities
Our public unsecured debt securities outstanding at December 31 were as follows (in millions):
Aggregate Principal Amount
Outstanding
Title of Security
2011
2010
6 1/2% Debentures due August 1, 2018
$ 361 $ 361
8 7/8% Debentures due January 15, 2022
86
86
6.55% Debentures due October 3, 2022 (a)
15
15
7 1/8% Debentures due November 15, 2025
209
209
7 1/2% Debentures due August 1, 2026
193
193
6 5/8% Debentures due February 15, 2028
104
104
6 5/8% Debentures due October 1, 2028 (b)
638
638
6 3/8% Debentures due February 1, 2029 (b)
260
260
5.95% Debentures due September 3, 2029 (a)
8
8
6.15% Debentures due June 3, 2030 (a)
10
10
7.45% GLOBLS due July 16, 2031 (b)
1,794
1,794
8.900% Debentures due January 15, 2032
151
151
9.95% Debentures due February 15, 2032
4
4
5.75% Debentures due April 2, 2035 (a)
40
40
7.50% Debentures due June 10, 2043 (c)
593
593
7.75% Debentures due June 15, 2043
73
73
7.40% Debentures due November 1, 2046
398
398
9.980% Debentures due February 15, 2047
181
181
7.70% Debentures due May 15, 2097
142
142
Total public unsecured debt securities (d)
__________
(a) Unregistered industrial revenue bonds.
(b) Listed on the Luxembourg Exchange and on the Singapore Exchange.
$ 5,260 $ 5,260
(c) Listed on the New York Stock Exchange.
(d) Excludes 9.215% Debentures due September 15, 2021 with an outstanding balance at December 31, 2011 of $180 million. The proceeds from
these securities were on-lent by Ford to Ford Holdings to fund Financial Services activity and are reported as Financial Services debt.
Convertible Notes
At December 31, 2011, we had outstanding $883 million and $25 million principal of 4.25% Senior Convertible Notes
due December 15, 2016 ("2016 Convertible Notes") and December 15, 2036 ("2036 Convertible Notes"), respectively.
Subject to certain limitations relating to the price of Ford Common Stock, the 2016 Convertible Notes are convertible into
shares of Ford Common Stock, based on a conversion rate (subject to adjustment) of 107.5269 shares per
$1,000 principal amount of 2016 Convertible Notes (which is equal to a conversion price of $9.30 per share, representing
a 25% conversion premium based on the closing price of $7.44 per share on November 3, 2009). The 2036 Convertible
Notes are convertible into shares of Ford Common Stock, based on a conversion rate (subject to adjustment) of
108.6957 shares per $1,000 principal amount of 2036 Convertible Notes (which is equal to a conversion price of $9.20 per
share, representing a 25% conversion premium based on the closing price of $7.36 per share on December 6, 2006).
Upon conversion, we have the right to deliver, in lieu of shares of Ford Common Stock, either cash or a combination
of cash and Ford Common Stock. Holders may require us to purchase all or a portion of the Convertible Notes upon a
change in control of the Company, or for shares of Ford Common Stock upon a designated event that is not a change in
control, in each case for a price equal to 100% of the principal amount of the Convertible Notes being repurchased plus
any accrued and unpaid interest to, but not including, the date of repurchase. Additionally, holders of the
2036 Convertible Notes may require us to purchase all or a portion for cash on December 20, 2016 and
December 15, 2026.
146 Ford Motor Company | 2011 Annual Report