* Earnings per share for special items is calculated on a basis that includes pre-tax profit, provision for taxes, less income attributable to non-controlling interests and the effect of discontinued operations; additional information regarding the method of calculating earnings per share is available in the materials supporting the November 2, 2009 conference calls at www.shareholder.ford.com.
FIRST NINE MONTHS SPECIAL ITEMS Income/(Loss)
(in millions) -------------
Personnel and Dealer-Related Items: 2008 2009
----------------------------------- ---- ----
Automotive Sector
Ford North America
Retiree health care and related charges $2,680 $(408)
Personnel-reduction actions (644) (292)
U.S. dealer actions (primarily dealership
impairments) (185) (105)
Job Security Benefits 262 336
--- ---
Total Ford North America 2,113 (469)
Ford South America
Personnel-reduction actions - (19)
Ford Europe
Personnel-reduction actions/Other (54) (160)
Ford Asia Pacific Africa
Personnel-reduction actions (40) (14)
Volvo
Personnel-reduction actions (38) (12)
U.S. dealer actions (20) (1)
---- ---
Total Volvo (58) (13)
Other Automotive
Returns on assets held in the TAA (250) 96
Mazda
Impairment of dealer network goodwill (214) -
----- ---
Total Personnel and Dealer-Related Items -
Automotive sector 1,497 (579)
Other Items:
------------
Automotive Sector
Ford North America
Fixed asset impairment charges (5,300) -
Gain/(Loss) on sale of ACH plants (324) -
Accelerated depreciation related to AAI
acquisition of leased facility (82) -
Ballard restructuring/Other (70) -
---- ---
Total Ford North America (5,776) -
Ford Europe
Investment impairment and related charges - (100)
Volvo
Held-for-sale impairment - (650)
Held-for-sale cessation of depreciation and
related charges - 290
--- ---
Total Volvo - (360)
Other Automotive
Liquidation of foreign subsidiary - foreign
currency translation impact - (281)
Gain on debt securities exchanged for equity 108 -
Net gains on debt reduction actions - 4,663
- -----
Total Other Automotive 108 4,382
Jaguar Land Rover
Sale-related/Other* 38 3
--- ---
Total Other Items - Automotive sector (5,630) 3,925
Financial Services Sector
DFO Partnership impairment - (141)
Ford Credit net operating lease impairment
charge (2,086) -
DFO Partnership - gain on sale - 9
Gain on purchase of Ford Holdings debt
securities - 51
--- ---
Total Other Items - Financial Services
sector (2,086) (81)
------- ----
Total $(6,219) $3,265
======= ======
Memo:
Special Items Impact on Earnings Per Share** $(2.17) $1.15
====== =====
