DOCSLIB.ORG

Notes to the Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Notes to the Financial Statements Notes to the Financial Statements NOTE 10. INVENTORIES All inventories are stated at the lower of cost or market. Cost for a substantial portion of U.S. inventories is determined on a last-in, first-out ("LIFO") basis. LIFO was used for approximately 31% and 26% of inventories at December 31, 2010 and 2009, respectively. Cost of other inventories is determined on a first-in, first-out ("FIFO") basis. Inventories at December 31 were as follows (in millions): 2010 2009 Raw materials, work-in-process and supplies ................................................................................................$ 2,812 $ 2,456 Finished products......................................................................................................................................................... 3,970 3,383 Total inventories under FIFO................................................................................................................................ 6,782 5,839 Less: LIFO adjustment................................................................................................................................ (865) (798) Total inventories.........................................................................................................................................................$ 5,917 $ 5,041 At December 31, 2010 and 2009, LIFO inventory quantities were reduced, resulting in a liquidation of inventory quantities carried at lower costs prevailing in prior years as compared with the cost of purchases, the effect of which decreased Automotive cost of sales by about $4 million and $33 million, respectively. NOTE 11. EQUITY IN NET ASSETS OF AFFILIATED COMPANIES We use the equity method of accounting for our investments in entities over which we do not have control or of which we are not the primary beneficiary, but over whose operating and financial policies we are able to exercise significant influence. Ownership Percentages and Investment Balances The following table reflects our ownership percentages at December 31, 2010, and balances of equity method investments at December 31, 2010 and 2009 (in millions, except percentages): Investment Balance Ownership Automotive Sector PerPercentagecentage 2220200010101010 2009 Ford Otomotiv Sanayi Anonim Sirketi ("Ford Otosan")................................................................ 41.0% $ 414 $ 395 AutoAlliance International, Inc ("AAI") ................................................................................................ 50.0 293 229 AutoAlliance (Thailand) Co., Ltd ("AAT")................................................................................................. 50.0 338 301 Changan Ford Mazda Automobile Corporation, Ltd ................................................................ 35.0 313 247 Jiangling Motors Corporation, Ltd ................................................................................................ 30.0 307 238 Getrag Ford Transmissions GmbH ("GFT") ................................................................................................ 50.0 227 215 S.C. Automobile Craiova SA. ("ACSA") * ................................................................................................ 100.0 223 289 Ford Motor Company Capital Trust II ("Trust II") ................................................................ 5.0 157 155 Tenedora Nemak, S.A. de C.V................................................................................................. 6.8 67 64 Changan Ford Mazda Engine Company, Ltd. ................................................................ 25.0 32 19 DealerDirect LLC ................................................................................................................................ 97.7 20 12 OEConnection LLC ................................................................................................................................ 33.0 13 10 Ford Performance Vehicles Pty Ltd................................................................................................. 49.0 9 9 Percepta, LLC................................................................................................................................ 45.0 6 6 Blue Diamond Parts, LLC ................................................................................................ 25.0 6 5 Blue Diamond Truck, S. de R.L. de C.V................................................................................................. 25.0 6 45 Automotive Fuel Cell Cooperation Corporation ("AFCC")................................................................ 30.0 4 3 Other................................................................................................................................ Various 6 4 Total Automotive sector ................................................................................................ 2,441 2,246 Financial Services Sector Forso Nordic AB................................................................................................................................ 50.0 71 67 FFS Finance South Africa (Pty) Limited ................................................................................................ 50.0 39 32 RouteOne LLC................................................................................................................................ 30.0 14 18 Other................................................................................................................................ Various 4 4 Total Financial Services sector ................................................................................................ 128 121 Total Company ................................................................................................................................ $ 2,569 $ 2,367 __________ * See Note 24 for discussion of this entity. 112 Ford Motor Company | 2010 Annual Report .
Load more

Recommended publications
  • Mazda Sustainability Report 2018
    CONTENTS 2 Editorial Policy Highlights of the Mazda Sustainability Report 2018 3 Corporate Vision Top Message: 4 Top Message ■ Akira Marumoto, Representative Director, President and CEO of Mazda, Inspiring People through Cars Sustainable with the discusses his views on CSR and the progress of initiatives to improve Mazda’s Earth and Society brand value. ■ Details specific measures that will help achieve Mazda’s new long-term 8 Feature Story vision for technology development “Sustainable Zoom-Zoom 2030.” Mazda's “Direction of Future Frameworks” and Technologies that Enhance the Value of the Automobile Special Feature: —A compass bearing on sustainable growth and a technology ■ An interview with Kiyoshi Fujiwara, Mazda’s Representative Director and strategy for making car ownership a joyful and life-enriching Executive Vice President, regarding the “Direction of Future Frameworks,” experience— which sets a compass bearing for fundamental initiatives aimed at 14 FY March 2018 Highlights / Financial Information sustainable growth, and Mazda’s “Electrification and Connectivity Strategies” for cars that invigorate the mind and body. 15 Major Product Lineup / Top 10 Markets in Global Sales for FY March 2018 Editorial Policy 16 Corporate Profile / Global Network 17 Mazda CSR ■ This report presents Mazda’s CSR initiatives in the six areas—Customer Satisfaction, Quality, Safety, Environment, Respect for People, and Social 18 CSR Management Contributions—primarily regarding the targets and results of these 27 Stakeholder Engagement initiatives. ■ Aiming to satisfy the needs of readers, Mazda studied the editorial policy 29 Customer Satisfaction and content of this report in reference to the third party opinion and 30 Providing the Mazda Brand Experience to Customers stakeholders’ ideas and views obtained through the questionnaire survey and engagements with stakeholders.
    [Show full text]
  • 2003 Mazda Pickup the Mazda B Series Is a Series of Pickup Trucks That Was Manufactured by Mazda
    2003 mazda pickup The Mazda B series is a series of pickup trucks that was manufactured by Mazda. Produced across five generations from to , the model line began life primarily as a commercial vehicle, slotted above a kei truck in size. Through its production, Mazda used engine displacement to determine model designations; a B was fitted with a 1. In Japan, the B-series was referred to as the Mazda Proceed for much of its production, with several other names adopted by the model line. Thailand used the Mazda Magnum, Thunder, and Fighter names. Mazda's first vehicles were three-wheeled trucks, also known as auto rickshaws starting with the Mazda-Go in , followed with the Mazda K in , the Mazda T , and the larger Mazda T That engine was replaced by a water-cooled unit in and joined by the larger capacity D In , passenger car size requirements no longer applied to commercial vehicles and the truck grew longer, with a two-liter D available and the smallest D discontinued. This model was the only Japanese market model to be badged under the B-series naming scheme, i. The BUD61 second generation that followed was the first model of the long-running "Proceed" series sold in Japan. The BUB61 had a new, upside-down, trapezoidal grille instead of the earlier full-width unit, with thirteen bars rather than nine, turn signals on the fenders, and more chrome trim—including a decor strip on the side. In addition to the standard two-door "styleside" pickup truck body there were also a double-cab truck, and a similar double-cab version called the "pickup.
    [Show full text]
  • Ford Motor Company One American Road Dearborn, MI 48126 U.S.A
    Report Home | Contact | GRI Index | Site Map | Glossary & Key Terms This report is structured according to our Business Principles, which you can access using the colored tabs above. This report is aligned with the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines released in October 2006, at an application level of A+. See the GRI Index ● Print this report "Welcome to our 2006/7 Sustainability Report. These are challenging times, not only for our Company but for our planet and its inhabitants. The markets for our products are changing rapidly, and there is fierce competition everywhere we operate. Collectively, we face daunting global sustainability ● Download resources challenges, including climate change, depletion of natural resources, poverty, population growth, urbanization and congestion." ● Send feedback Alan Mulally, President and CEO Read the full letter from Bill Ford, Executive Chairman Alan Mulally and Bill Ford Fast track to data: ● Products and Customers ● Vehicle Safety ● Environment ● Quality of Relationships ● Community ● Financial Health ● Workplace Safety Overview Our industry, the business environment and societal expectations continue to evolve, and so does our reporting. Learn about our Company and our vision for sustainability. Our Impacts As a major multinational enterprise, our activities have far-reaching impacts on environmental, social and economic systems. Read about our analysis and prioritization of these issues and impacts. Voices Nine people from inside and outside Ford provide their perspectives on key challenges facing our industry and how Ford is responding, including “new mobility,” good practices in the supply chain and the auto industry’s economic impact. This report was published in June 2007.
    [Show full text]
  • Ford's 2019 Annual Report
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation) (I.R.S. Employer Identification No.) One American Road Dearborn, Michigan 48126 (Address of principal executive offices) (Zip Code) 313-322-3000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbols Name of each exchange on which registered Common Stock, par value $.01 per share F New York Stock Exchange 6.200% Notes due June 1, 2059 FPRB New York Stock Exchange 6.000% Notes due December 1, 2059 FPRC New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • 2013 Parciales Y Wvta Segundo Semestre.Xlsx
    Ministerio de Industria, Comercio y Turismo Homologación Parcial y WVTA segundo semenestre 2013 Nº Homologación Fabricante Tipo ST Nº Informe ST Marcas E9 02 2387 BRIDGESTONE HISPANIA, S.A. DESTINATION HP INSIA 13IA1574 FIRESTONE E9 02 2388 BRIDGESTONE HISPANIA, S.A. DESTINATION HP INSIA 13IA1575 FIRESTONE E9 02 2384 BRIDGESTONE HISPANIA, S.A. DESTINATION HP INSIA 13IA1576 FIRESTONE e9*2007/46*3001*00 REV. 02 REMOTAL, S.L. REMOTAL41DCO2 INTA 13-00070046-0203 Mod.2 REMOTAL PM-02-4030-V HEGOPLAC,S.A. ORDINARIA LARGA LCOE 201312431272 HEGOPLAC E9-116RI-00.1021 Ext.I DENSO KOREA ELECTRONICS CORPORATION EG00050 IDIADA KR13120142 DENSO KOREA ELECTRONICS E9-25R-04.1008 KURTARAN AMBULANS TIBBI TEKNIK MALZEME IMALATI TEKSTIL SAN.VE OTO TIC. TASIM.LTD SC IDIADA TR13100003 KURTARAN E9-125R-00.1019 GREAT WALL MOTOR COMPANY LIMITED MKW IDIADA CN13090246 GREAT WALL MOTOR COMPANY LIMITED E9-55R-01.3026 INDETRUCK S.L. M 55R INTA 13-55000000-0030 MIROFRET E9-13R-11.7429 Ext. 1 LECITRAILER, S.A. SR3E-17.5BT-24 INTA 09-13710320-1011-01 LECIBERICA; LECITRAILER E9-17RA-08.7027 Ext 4 VOLVO CAR CORPORATION D INTA 08-17740408-0084-04 VOLVO 50R-E9-00.6654 TAIZHOU CITY LUQIAO DIKE AUTOMOBILE PARTS CO.,LTD. DK-13R6-RS IDIADA CN13120200 DIKE 1-E9-01.11381 VISION AUTOMOTIVE TECHNOLOGY (THAILAND) CO.LTD. 6821284 IDIADA TW13120005 ARB A-E9-02.11381 VISION AUTOMOTIVE TECHNOLOGY (THAILAND) CO.LTD. 6821284 IDIADA TW13120006 ARB E9-41R-04.1069 TRIUMPH MOTORCYCLES, LTD. Speed Triple IDIADA MT13120021 TRIUMPH E9 110 R-00.1064 Ext.02 BREDAMENARINIBUS S.P.A R110-005 IDIADA TR13120004 BREDAMENARINIBUS E9-79R-01.1086 Ext.I TATA DAEWOO COMMERCIAL VEHICLE CO., LTD.
    [Show full text]
  • Mazda3 Global Production Reaches 5 Million Units
    Mazda3 Global Production Reaches 5 Million Units Mazda Motor Corporation has announced that the total production volume of the Mazda3 reached five million units at the end of April 2016. It is the second Mazda to reach five million units of production after the Mazda 323. The Mazda3 sets a new record for Mazda by achieving the milestone figure in only twelve years and ten months since production of the model commenced in June 2003. The Mazda3 is a core model for Mazda, accounting for approximately one third of the company's annual sales volume. It is manufactured at the Hofu Plant in Japan, Changan Mazda Automobile Co., Ltd., in China, AutoAlliance (Thailand) and Mazda de Mexico Vehicle Operation in Mexico. It is also assembled in Malaysia and Vietnam. Since the first generation, Mazda has consistently worked to exceed expectations with the Mazda3, refining its dynamic design and responsive and enjoyable driving performance. Currently in its third generation, the Mazda3 was fully redesigned in 2013, adopting SKYACTIV TECHNOLOGY and KODO-Soul of Motion design to join Mazda's new-generation lineup. Critically acclaimed around the globe, the model won Canadian Car of the Year's Best New Small Car in 2013 and the international Red Dot Design Award in 2014. It was named a Top 3 Finalist for World Car of the Year and World Design Car of the Year in 2014. Mazda Southern Africa has recorded over 4200 Mazda3 vehicle sales since operations began on the 1st of October 2014 to end of April 2016; making the Mazda3 MSA’s best-selling model to date.
    [Show full text]
  • History of Mazda
    HISTORY OF MAZDA Since its establishment in January 1920, Mazda has continued to embody the spirit of “never stop challenging” and worked to provide products and services that delight customers. In 2020, the Company will reach the 100th anniversary of its establishment. The following section provides an overview of Mazda’s history. Corporate Products * Launching date is based on the Japanese market. Jan. 1920 Toyo Cork Kogyo Co., Ltd., is founded Oct.1931 May 1960 Sep. 1927 Company name changed to Toyo Kogyo Co., Ltd. Production of 3-wheel truck Introduction of “R360 Coupe,” “Mazda-go DA model,” Mazda’s first Mazda’s first passenger car Sep. 1930 New plant is constructed in Hiroshima (Aki-gun, Fuchu-cho) automobile, begins Jul. 1961 Enters into technical cooperation with NSU / Wankel on rotary engines May 1965 Miyoshi Proving Ground is completed Nov. 1966 Operations at new passenger car plant (Ujina) in Hiroshima are started Nov. 1979 Ford Motor Company and Mazda enter into a capital tie-up Dec. 1981 Operations at Hofu Transmission Plant (Nakanoseki District) are started Sep. 1982 Operations at Hofu Plant (Nishinoura District) are started May 1984 Company is renamed Mazda Motor Corporation Jan. 1985 Mazda Motor Manufacturing (USA) Corporation (MMUC), later called AutoAlliance International (AAI), is established Oct.1963 May 1967 (Ended Mazda6 production in August 2012) Introduction of the first “Familia” Introduction of the “Cosmo Sports (110S),” Mazda’s first rotary engine Nov. 1995 Mazda and Ford jointly establish AutoAlliance (Thailand) Company vehicle Limited (AAT), a joint venture production company May 1996 Ratio of Ford’s ownership of Mazda stock is increased from 25% to 33.4% Oct.
    [Show full text]
  • Before the United States Trade Representative
    BEFORE THE UNITED STATES TRADE REPRESENTATIVE PETITION TO REMOVE THAILAND FROM THE LIST OF ELIGIBLE BENEFICIARY DEVELOPING COUNTRIES PURSUANT TO 19 USC § 2462(d) OF THE GENERALIZED SYSTEM OF PREFERENCES (GSP) filed by THE AMERICAN FEDERATION OF LABOR & CONGRESS OF INDUSTRIAL ORGANIZATIONS (AFL-CIO) NOVEMBER 13, 2018 A. Preliminary Information 1. Party Submitting Petition: AFL-CIO, 815 16th St., N.W., Washington, D.C. 20006 Contact: Celeste Drake, ph: (202) 637-5344 / fax: (202) 508-6967 /[email protected] 2. Country Subject to Review: Thailand 3. Basis for Petition: Thailand has not taken steps to afford internationally recognized worker rights, including the rights to freedom of association, organizing and collective bargaining and the prohibition on forced or compulsory labor. As demonstrated in prior AFL-CIO submissions, as well as in this update, egregious abuse of worker rights in Thailand is longstanding and continuous. Thailand’s labor laws fall far short of affording internationally recognized worker rights and those laws that do exist are not effectively enforced. Approximately 75 percent of Thailand’s approximately 38.3 million workers are not guaranteed the rights to freedom of association and collective bargaining under law.1 Employers retaliate with impunity against workers who attempt to exercise their rights. Human trafficking for forced labor is widespread, including in the production of goods exported to the United States, and this is facilitated in part by the law that prohibits migrant workers from forming unions. Draft legislation to replace the Labor Relations Act and the State Enterprise Labor Relations Act has not been acted upon; further, the drafts remain deeply flawed due in part to a lack of government willingness to seriously consider or include recommendations by representative trade unions.
    [Show full text]
  • Press Kit: Mazda DE.II Mazda2 (May 2010)
    MAY 2010 m{zd{zoo}-zoo} 2 zoo}-zoo}zoo}-zoo} M{zd{2 May 2010 Table of Contents Page 1 At a glance New Mazda2 highlights 3 2 Overview Safer, more stylish and better value 5 3 Marketing Same audience, new campaign 10 4 Pricing Buying power increases 11 5 Design Exterior and interior 12 6 Powertrain Spirited yet frugal 1.5‐litre engine 19 7 Chassis Lightweight yet safe 20 8 Driving dynamics A sporty, superior ride 22 9 Interior quality and comfort A comfortable, functional place to be 24 10 Safety Optimised safety ‐ DSC now standard 28 11 Environment Production techniques and economy 31 12 Body colours Eight colours per body style 32 13 Specifications and equipment 33 For more information, contact: Steve Maciver Public Relations Manager +61 3 8540 1961 Lydia Richards Media Communications Manager +61 3 8540 1962 2010 Mazda2 Australian Press Kit 1 A Message from the Program Manager I became Program Manager for the Thailand‐produced New Mazda2 in 2006. When I first set eyes on the current model during its development, I thought it looked so great, I couldn’t contain my excitement. The current Mazda2 has earned worldwide acclaim for its sporty and stylish design. Recognition of its excellence is reflected in numerous awards including 2008 World Car of the Year. As New Mazda2 Program Manager, I was thrilled about taking charge of the development of such a wonderfully designed car. But at the same time, I was uneasy because I knew that carrying forward such a successful car was going to be extremely difficult.
    [Show full text]
  • History of Mazda MESSAGE from MANAGEMENT |
    MAZDA ANNUAL REPORT 2017 CONTENTS History of Mazda | MESSAGE FROM MANAGEMENT Corporate 1920.1 Toyo Cork Kogyo Co., Ltd., is founded 2005.9 Joint venture engine production company in China is established 1927.9 Company becomes Toyo Kogyo Co., Ltd. 2007.3 Medium-term plan “Mazda Advancement Plan” is announced 1930.9 New plant is constructed in Hiroshima (Aki-gun, Fuchu-cho) 2007.3 Long-term vision for technology development “Sustainable Zoom-Zoom” 1961.7 Enters into technical cooperation with NSU / Wankel on rotary engines is announced 1965.5 Miyoshi Proving Ground is completed 2007.10 Changan Ford Mazda Automobile (present Changan Mazda Automobile) 1966.11 Operations at new passenger car plant (Ujina) in Hiroshima are started Nanjing Plant commences production of the Mazda2 1979.11 Ford Motor Company and Mazda enter into a capital tie-up 2008.11 Ratio of Ford’s ownership of Mazda stock is being gradually reduced | from 33.4% MAZDA’S BUSINESS STRATEGIES 1981.12 Operations at Hofu Transmission Plant (Nakanoseki district) are started 2010.4 “Framework for Medium- and Long-term Initiatives” is announced 1982.9 Operations at Hofu Plant (Nishinoura district) are started 2012.2 “Structural Reform Plan” is announced 1984.5 Company is renamed Mazda Motor Corporation 2012.9 Mazda and Sollers establish Mazda Sollers, a joint venture production 1985.1 Mazda Motor Manufacturing (USA) Corporation (MMUC), later called company in Russia AutoAlliance International (AAI) is established (Ended Mazda6 production in August 2012) 2012.11 Agreement is reached
    [Show full text]
  • Ford Motor Company 2016 Annual Report
    FORD MOTOR COMPANY 2016 ANNUAL REPORT As Ford Motor Company continues to expand from an FINANCIAL HIGHLIGHTS auto company to an auto and a mobility company, the company remains focused on building on (in billions, except for percentages) 2015 2016 its global leadership in trucks, vans, commercial vehicles and Automotive Segment performance vehicles, while growing its global strength Revenue $ 140.6 $ 141.5 in utility vehicles. Operating margin 6.8% 6.7% At the same time, Ford is transforming underperforming Operating cash flow $ 7.3 $ 6.4 parts of its business, including luxury, small vehicles and Ford Credit emerging markets. Pre-tax profit $ 2.1 $ 1.9 In addition, Ford is driving for leadership in three Total Company emerging opportunity areas – electrification, autonomy Net income attributable to Ford Motor Company $ 7.4 $ 4.6 and mobility. Adjusted pre-tax profit (a) $ 10.8 $ 10.4 On the Cover Pictured on the front cover, clockwise from top left: (a) See pages 25 and 82 of Ford’s 2016 Form 10-K for definition and reconciliation to GAAP. Ford Super Duty, Chariot (a crowd-sourced ride-sharing service), Ford GT supercar, Ford Fusion Energi plug-in hybrid, Ford Explorer, Lincoln interior, next-generation Ford Fusion Hybrid autonomous development vehicle, Ford Ka+ and Ford Mustang. Pictured on back cover: A selection of Ford’s milestones and exciting announcements CREATING VALUE from 2016. The back cover features a selection of those announcements that correspond to an image on the front cover. GROWTH RISK Revenue growth that drives Optimized risk profile profit growth RETURNS REWARDS ROIC > Cost of Capital and Margins Top quartile Visit our Annual Report online 8%+ Core, 20% New shareholder returns for detailed company information and visual content: annualreport.ford.com Our financial objectives are focused on the drivers of value LETTER FROM OUR EXECUTIVE CHAIRMAN William Clay Ford, Jr.
    [Show full text]
  • (Digest Version) Corporate Vision the Origin and Meaning of “Mazda”
    (Digest version) Corporate Vision The Origin and Meaning of “Mazda” The Company’s name, “Mazda,” derives from Ahura Mazda, a god of the earliest civilizations in western Asia. The Company has interpreted Ahura Mazda, the god of wisdom, intelligence, and harmony, as a Vision symbol of the origin of both Eastern and Western civilizations, and also Corporate objectives as a symbol of automotive culture. It incorporates a desire to achieve world peace and the development of the automobile manufacturing To create new value, excite and delight our customers industry. It also derives from the name of the Company’s founder, Jujiro through the best automotive products and services. Matsuda. Mission Mazda Brand Symbol The brand symbol expresses Mazda’s dedication Roles and responsibilities to continuous growth and improvement. It is a With passion, pride and speed, we actively communicate with our customers symbolic development of the Mazda “M,” and shows to deliver insightful automotive products and services the Company stretching its wings as it soars into the that exceed their expectations. future (Established in June 1997). Value Mazda Corporate Mark The values Mazda seeks to produce With the introduction of Corporate Identity (CI) in 1975, Mazda developed its corporate mark as a symbol for Mazda’s communications. We value integrity, customer focus, creativity, and efficient and nimble action, It was later positioned as an easy-to-read corporate mark, in line with the and respect highly motivated people and team spirit. establishment of the brand symbol in 1997 We positively support environmental matters, safety, and society. (Established in January 1975).
    [Show full text]