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Notes to the Financial Statements<br />
NOTE 1. PRESENTATION (Continued)<br />
Reconciliations between Consolidated and Sector Financial Statements<br />
Deferred Tax Assets and Liabilities. The difference between the total assets and total liabilities as presented in our<br />
sector balance sheet and consolidated balance sheet is the result of netting deferred income tax assets and liabilities. The<br />
reconciliation between the totals for the sector and consolidated balance sheets at December 31 was as follows (in<br />
millions):<br />
Sector balance sheet presentation of deferred income tax assets:<br />
Automotive sector current deferred income tax assets<br />
Automotive sector non-current deferred income tax assets<br />
Financial Services sector deferred income tax assets (a)<br />
Total<br />
Reclassification for netting of deferred income taxes<br />
Consolidated balance sheet presentation of deferred income tax assets<br />
2011<br />
$ 1,791<br />
13,932<br />
302<br />
16,025<br />
(900)<br />
$ 15,125<br />
2010<br />
$ 359<br />
2,468<br />
282<br />
3,109<br />
(1,106)<br />
$ 2,003<br />
Sector balance sheet presentation of deferred income tax liabilities:<br />
Automotive sector current deferred income tax liabilities<br />
Automotive sector non-current deferred income tax liabilities<br />
Financial Services sector deferred income tax liabilities<br />
Total<br />
Reclassification for netting of deferred income taxes<br />
Consolidated balance sheet presentation of deferred income tax liabilities<br />
$<br />
$<br />
40<br />
255<br />
1,301<br />
1,596<br />
(900)<br />
696<br />
__________<br />
(a) Financial Services deferred income tax assets are included in Financial Services other assets on our sector balance sheet.<br />
$ 392<br />
344<br />
1,505<br />
2,241<br />
(1,106)<br />
$ 1,135<br />
Ford Motor Company | 2011 Annual Report 93