PROFITABLE GROWTH FOR ALL
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Notes to the Financial Statements<br />
NOTE 4. FAIR VALUE MEASUREMENTS (Continued)<br />
2011<br />
Level 1 (a) Level 2 (a) Level 3<br />
Total<br />
Financial Services Sector<br />
Assets<br />
Cash equivalents – financial instruments (b)<br />
U.S. government<br />
U.S. government-sponsored enterprises<br />
Non-U.S. government<br />
Non-U.S. government agencies (c)<br />
Corporate debt<br />
Mortgage-backed and other asset-backed<br />
Total cash equivalents – financial instruments<br />
Marketable securities<br />
U.S. government<br />
U.S. government-sponsored enterprises<br />
Non-U.S. government agencies (c)<br />
Corporate debt<br />
Mortgage-backed and other asset-backed<br />
Non-U.S. government<br />
Other liquid investments (d)<br />
Total marketable securities<br />
Derivative financial instruments<br />
Interest rate contracts<br />
Foreign exchange contracts<br />
Cross currency interest rate swap contracts<br />
Other (e)<br />
Total derivative financial instruments (f)<br />
$ 1<br />
—<br />
—<br />
—<br />
—<br />
—<br />
1<br />
619<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
619<br />
—<br />
—<br />
—<br />
—<br />
—<br />
$ —<br />
75<br />
15<br />
150<br />
—<br />
—<br />
240<br />
—<br />
713<br />
778<br />
1,186<br />
88<br />
444<br />
7<br />
3,216<br />
1,196<br />
30<br />
12<br />
—<br />
1,238<br />
$ —<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
—<br />
137<br />
137<br />
$ 1<br />
75<br />
15<br />
150<br />
—<br />
—<br />
241<br />
619<br />
713<br />
778<br />
1,186<br />
88<br />
444<br />
7<br />
3,835<br />
1,196<br />
30<br />
12<br />
137<br />
1,375<br />
Total assets at fair value<br />
$ 620 $ 4,694 $ 137 $ 5,451<br />
Liabilities<br />
Derivative financial instruments<br />
Interest rate contracts<br />
Foreign exchange contracts<br />
Cross-currency interest rate swap contracts<br />
Total derivative financial instruments (f)<br />
$ —<br />
—<br />
—<br />
—<br />
$ 237<br />
50<br />
12<br />
299<br />
$ —<br />
—<br />
—<br />
—<br />
$ 237<br />
50<br />
12<br />
299<br />
Total liabilities at fair value<br />
$ — $ 299 $ — $ 299<br />
__________<br />
(a) There were no transfers between Level 1 and 2 during the year.<br />
(b) "Cash equivalents - financial instruments" in this table excludes time deposits, certificates of deposit, money market accounts, and other cash<br />
equivalents reported at par value on our balance sheet totaling $6 billion as of December 31, 2011 for the Financial Services sector. In addition to<br />
these cash equivalents, our Financial Services sector also had cash on hand totaling $3 billion as of December 31, 2011.<br />
(c) Includes notes issued by Non-U.S. government agencies, as well as notes issues by supranational institutions.<br />
(d) "Other liquid investments" in this table includes certificates of deposit and time deposits subject to changes in value.<br />
(e) "Other" in this table represents derivative features included in the FUEL notes.<br />
(f) See Note 25 for additional information regarding derivative financial instruments.<br />
102 Ford Motor Company | 2011 Annual Report
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