Financial Analysis

COMMITMENTS AND CONTINGENCIES Commitments and contingencies primarily consist of guarantees and indemnifications, litigation and claims, and warranty and field service actions. Guarantees and Indemnifications Financial Guarantees. Financial guarantees and indemnifications are recorded at fair value at their inception. Subsequent to initial recognition, the guarantee liability is adjusted at each reporting period to reflect the current estimate of expected payments resulting from possible default events over the remaining life of the guarantee. The maximum potential payments for financial guarantees were $5.3 billion and $5.4 billion at December 31, 2024 and 2025, respectively. See Note 23 for additional information. The carrying value of recorded liabilities related to financial guarantees was $144 million and $92 million at December 31, 2024 and 2025, respectively. Our financial guarantees consist of debt and lease obligations of certain joint ventures, as well as certain financial obligations of outside third parties, including suppliers, to support our business and economic growth. Expiration dates vary through 2040, and guarantees will terminate on payment and/or cancellation of the underlying obligation. A payment by us would be triggered by failure of the joint venture or other third party to fulfill its obligation covered by the guarantee. In some circumstances, we are entitled to recover from a third party amounts paid by us under the guarantee. Non-Financial Guarante …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

DEBT AND COMMITMENTS Our debt consists of short-term and long-term secured and unsecured debt securities and secured and unsecured borrowings from banks and other lenders. Debt issuances are placed directly by us or through securities dealers or underwriters and are held by institutional and retail investors. In addition, Ford Credit sponsors securitization programs that provide short-term and long-term asset-backed financing through institutional investors in the U.S. and international capital markets. Debt is reported on our consolidated balance sheets at par value adjusted for unamortized discount or premium, unamortized issuance costs, and adjustments related to designated fair value hedging (see Note 19). Discounts, premiums, and costs directly related to the issuance of debt are capitalized and amortized over the life of the debt or to the put date and are recorded in interest expense using the effective interest method. Gains and losses on the extinguishment of debt are recorded in Other income/(loss), net . NOTE 18. DEBT AND COMMITMENTS (Continued) The carrying value of Company debt excluding Ford Credit and Ford Credit debt at December 31 was as follows (in millions): Average Contractual Interest Rates Company excluding Ford Credit 2024 2025 2024 2025 Debt payable within one year Short-term $ 632 $ 1,355 4.0 % 3.8 % Long-term payable within one year U.K. Export Finance Program 784 Public unsecured debt securities 176 1,672 Convertible notes 2,300 Other debt (includin …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following tables disaggregate our revenue by major source for the years ended December 31 (in millions): 2023 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 161,052 $ $ 161,052 Used vehicles 1,873 1,873 Services and other revenue (a) 2,797 105 2,902 Revenues from sales and services 165,722 105 165,827 Leasing income 179 4,105 4,284 Financing income 5,980 5,980 Insurance income 100 100 Total revenues $ 165,901 $ 10,290 $ 176,191 2024 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 167,218 $ $ 167,218 Used vehicles 2,175 2,175 Services and other revenue (a) 3,099 104 3,203 Revenues from sales and services 172,492 104 172,596 Leasing income 214 4,217 4,431 Financing income 7,819 7,819 Insurance income 146 146 Total revenues $ 172,706 $ 12,286 $ 184,992 2025 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 167,310 $ $ 167,310 Used vehicles 2,853 2,853 Services and other revenue (a) 3,506 80 3,586 Revenues from sales and services 173,669 80 173,749 Leasing income 327 4,816 5,143 Financing income 8,211 8,211 Insurance income 164 164 Total revenues $ 173,996 $ 13,271 $ 187,267 __________ (a) Includes extended service contract revenue. …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

SHARE-BASED COMPENSATION Under our Long-Term Incentive Plans, we may issue restricted stock units (RSUs), restricted stock shares (RSSs), and stock options. RSUs and RSSs consist of time-based and performance-based awards. The number of shares that may be granted in any year is limited to 2% of our issued and outstanding Common Stock as of December 31 of the prior calendar year. The limit may be increased up to 3% in any year, with a corresponding reduction in shares available for grants in future years. Granted RSUs generally cliff vest or ratably vest over a three-year service period. Performance-based RSUs can be based on internal financial performance metrics or total shareholder return relative to a peer group or a combination of the two metrics. At the time of vest, RSU awards are net settled (i.e., shares are withheld to cover the employee tax obligation). Stock options ratably vest over a three-year service period and expire ten years from the grant date. The fair value of both the time-based and the internal performance metrics portion of the performance-based RSUs and RSSs is determined using the closing price of our Common Stock at grant date. For awards that include a market condition, we measure the fair value using a Monte Carlo simulation. The weighted average per unit grant date fair value for the years ended December 31, 2023, 2024, and 2025 was $12.98, $12.49, and $10.54, respectively. Time-based RSUs generally have a graded vesting feature whereby one-third …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

INCOME TAXES We recognize income tax-related penalties in Provision for/(Benefit from) income taxes on our consolidated income statements. We recognize income tax-related interest income and expense in Other income/(loss), net on our consolidated income statements. We account for U.S. tax on global intangible low-taxed income in the period incurred, and we account for investment tax credits using the deferral method. Deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences that exist between the financial statement carrying value of assets and liabilities and their respective tax bases, and net operating loss carryforwards and tax credit carryforwards on a taxing jurisdiction basis. We measure deferred tax assets and liabilities using enacted tax rates that will apply in the years in which we expect the temporary differences to be recovered or paid. Our accounting for deferred tax consequences represents our best estimate of the likely future tax consequences of events that have been recognized in our consolidated financial statements or tax returns and their future probability. In assessing the need for a valuation allowance, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets. If, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be realized, we record a valuation allowance. As disclose …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LEASE COMMITMENTS We lease land, dealership facilities, offices, distribution centers, warehouses, and equipment under agreements with contractual periods ranging from less than one year to 40 years. Many of our leases contain one or more options to extend. In certain dealership lease agreements, we are the tenant and we sublease the site to a dealer. In the event the sublease is terminated, we have the option to terminate the head lease. We include options that we are reasonably certain to exercise in our evaluation of the lease term after considering all relevant economic and financial factors. Leases that are economically similar to the purchase of an asset are classified as finance leases. The leased (right-of-use) assets in finance lease arrangements are reported in Net property on our consolidated balance sheets. Otherwise, the leases are classified as operating leases and reported in Other assets in the non-current assets section of our consolidated balance sheets. We also recognize in Net property build-to-suit arrangements during the construction period where we are involved in the construction or design of the asset and are considered the accounting owner. We do not recognize right-of-use assets and lease liabilities for leases with a term of 12 months or less. These lease payments are amortized to expense on a straight-line basis over the lease term. We have also entered into manufacturing contracts where Fords portion of the output is expected to be significant. A …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Adoption of New Accounting Standards Accounting Standards Update (ASU) 2023-09, Improvements to Income Tax Disclosures . We adopted the new standard, which requires additional income tax disclosures for annual reporting periods, and applied the amendments prospectively. Adoption of the new standard did not impact our consolidated income statements, balance sheets, or statements of cash flows. Refer to Note 7 for the additional disclosures required under the standard. All other ASUs adopted during 2025 did not have a material impact to our consolidated financial statements or financial statement disclosures. Accounting Standards Issued But Not Yet Adopted ASU 2024-03, Disaggregation of Income Statement Expenses (DISE) . In November 2024, the Financial Accounting Standards Board (FASB) issued a new accounting standard to improve the disclosures about an entitys expenses and address requests from investors for more detailed information about the types of expenses included in commonly presented expense captions. The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with retrospective application permitted. We are assessing the effect on our consolidated financial statement disclosures; however, adoption will not impact our consolidated income statements, balance sheets, or statements of cash flows. All other ASUs issued but not yet adopted were assessed and determined to be no …

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RETIREMENT BENEFITS Defined benefit pension and OPEB plan obligations are remeasured at least annually as of December 31 based on the present value of projected future benefit payments for all participants for services rendered to date. The measurement of projected future benefits is dependent on the provisions of each specific plan, demographics of the group covered by the plan, and other key measurement assumptions. For plans that provide benefits dependent on salary assumptions, we include a projection of salary growth in our measurements. No assumption is made regarding any potential future changes to benefit provisions beyond those to which we are presently committed (e.g., in existing labor contracts). Net periodic benefit costs, including service cost, interest cost, and expected return on assets, are determined using assumptions regarding the benefit obligation and the fair value of plan assets (where applicable) as of the beginning of each year. We have elected to use the fair value of plan assets to calculate the expected return on assets in net periodic benefit cost. The funded status of the benefit plans, which represents the difference between the benefit obligation and fair value of plan assets, is calculated on a plan-by-plan basis. The benefit obligation and related funded status are determined using assumptions as of the end of each year. Actuarial gains and losses resulting from plan remeasurement are recognized in net periodic benefit cost in the period of …

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EMPLOYEE SEPARATION ACTIONS AND EXIT AND DISPOSAL ACTIVITIES We generally record costs associated with voluntary separations at the time of employee acceptance. We generally record costs associated with involuntary separation programs when management has approved the plan for separation, the affected employees are identified, and it is unlikely that actions required to complete the separation plan will change significantly. Costs associated with benefits that are contingent on the employee continuing to provide service are accrued over the required service period. Company excluding Ford Credit Employee separation actions and exit and disposal activities include employee separation costs, facility and other asset-related charges (e.g., impairment, accelerated depreciation), dealer and supplier payments, other statutory and contractual obligations, and other expenses, which are recorded in Cost of sales and Selling, administrative, and other expenses . Below are actions we have initiated: In 2021, we ceased vehicle manufacturing in Sanand, India and exited manufacturing operations in Brazil. In 2022, we ceased manufacturing in Chennai, India and ceased production of the Mondeo in Valencia, Spain. We do not expect significant additional costs for these actions; however, the remaining cash outflows are expected to be finalized over several years. In 2023, we announced our plan to phase-out production of the Focus at our Saarlouis Body and Assembly plant in Germany. We ceased prod …

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REVENUE The following tables disaggregate our revenue by major source for the years ended December 31 (in millions): 2023 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 161,052 $ $ 161,052 Used vehicles 1,873 1,873 Services and other revenue (a) 2,797 105 2,902 Revenues from sales and services 165,722 105 165,827 Leasing income 179 4,105 4,284 Financing income 5,980 5,980 Insurance income 100 100 Total revenues $ 165,901 $ 10,290 $ 176,191 2024 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 167,218 $ $ 167,218 Used vehicles 2,175 2,175 Services and other revenue (a) 3,099 104 3,203 Revenues from sales and services 172,492 104 172,596 Leasing income 214 4,217 4,431 Financing income 7,819 7,819 Insurance income 146 146 Total revenues $ 172,706 $ 12,286 $ 184,992 2025 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 167,310 $ $ 167,310 Used vehicles 2,853 2,853 Services and other revenue (a) 3,506 80 3,586 Revenues from sales and services 173,669 80 173,749 Leasing income 327 4,816 5,143 Financing income 8,211 8,211 Insurance income 164 164 Total revenues $ 173,996 $ 13,271 $ 187,267 __________ (a) Includes extended service contract revenue. Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs when we transfer control of our vehicles, parts, or accessories or provide services. Revenue …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

SEGMENT INFORMATION We report segment information consistent with the way our chief operating decision maker (CODM), our President and Chief Executive Officer, evaluates the operating results and performance of the Company. Accordingly, we analyze the results of our business through the following segments: Ford Blue, Ford Model e, Ford Pro, and Ford Credit. Beginning January 1, 2025, the expenses and investments for emerging business initiatives in vehicle-adjacent market segments (previously the Ford Next segment) are reflected in the reportable segments that benefit from those expenses and investments or Corporate Other. Prior period amounts were adjusted retrospectively to reflect the change. Below is a description of our reportable segments and other activities. Ford Blue Segment Ford Blue primarily includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid (excluding extended range electric vehicles (EREVs)) vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services. This segment focuses on developing Ford and Lincoln ICE and hybrid vehicles. Additionally, this segment provides hardware engineering and manufacturing capabilities to Ford Model e and manufactures vehicles on behalf of Ford Pro and, in certain cases, Ford Model e. Ford Blue also includes: All sales for markets not presently in scope f …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES For each accounting topic that is addressed in its own note, the description of the accounting policy may be found in the related note. Other significant accounting policies are described below. Use of Estimates The preparation of financial statements requires us to make estimates and assumptions that affect our results. Estimates are used to account for certain items such as marketing accruals, warranty costs, employee benefit programs, impairments of long-lived assets and goodwill, allowance for credit losses, and other items requiring judgment. Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ. Foreign Currency When an entity has monetary assets and liabilities denominated in a currency that is different from its functional currency, each reporting period, we remeasure those assets and liabilities from the transactional currency to the entitys functional currency. The effect of this remeasurement process and the results of our related foreign currency hedging activities are reported in Cost of sales and Other income/(loss), net and were not material for the years ended 2023, 2024, and 2025. Generally, our foreign subsidiaries use the local currency as their functional currency. We translate the assets and liabilities of our foreign subsidiaries from their respective functional currencies to U.S. dollars using …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

DEBT The carrying value of Company debt excluding Ford Credit and Ford Credit debt was as follows (in millions): December 31, 2025 June 30, 2026 Company excluding Ford Credit Debt payable within one year Short-term $ 1,355 $ 1,505 Long-term debt payable within one year Public unsecured debt securities 1,672 1,672 U.K. Export Finance Program 992 Convertible notes (a) 2,300 Other debt (including finance leases) (b) 226 222 Unamortized (discount)/premium and issuance costs (3) (10) Total debt payable within one year 5,550 4,381 Long-term debt payable after one year Public unsecured debt securities 13,087 13,087 U.S. Department of Energy Loan 3,805 U.K. Export Finance Program 2,355 1,323 Other debt (including finance leases) (b) 1,210 1,279 Unamortized (discount)/premium and issuance costs (283) (256) Total long-term debt payable after one year 16,369 19,238 Total Company excluding Ford Credit $ 21,919 $ 23,619 Fair value of Company debt excluding Ford Credit (c) $ 21,640 $ 23,191 Ford Credit Debt payable within one year Short-term $ 18,350 $ 16,260 Long-term payable within one year Unsecured debt 13,625 12,426 Asset-backed debt 19,831 18,321 Unamortized (discount)/premium and issuance costs (18) (18) Fair value adjustments (d) (36) (33) Total debt payable within one year 51,752 46,956 Long-term debt payable after one year Unsecured debt 52,357 54,881 Asset-backed debt 37,741 36,254 Unamortized (discount)/premium and issuance costs (229) (234) Fair value adjustments (d) (204) (50 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following tables disaggregate our revenue by major source for the periods ended June 30 (in millions): Second Quarter 2025 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 45,202 $ $ 45,202 Used vehicles 780 780 Services and other revenue (a) 884 19 903 Revenues from sales and services 46,866 19 46,885 Leasing income 77 1,176 1,253 Financing income 2,008 2,008 Insurance income 38 38 Total revenues $ 46,943 $ 3,241 $ 50,184 Second Quarter 2026 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 42,736 $ $ 42,736 Used vehicles 1,103 1,103 Services and other revenue (a) 972 18 990 Revenues from sales and services 44,811 18 44,829 Leasing income 80 1,374 1,454 Financing income 1,974 1,974 Insurance income 39 39 Total revenues $ 44,891 $ 3,405 $ 48,296 First Half 2025 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 81,069 $ $ 81,069 Used vehicles 1,465 1,465 Services and other revenue (a) 1,687 37 1,724 Revenues from sales and services 84,221 37 84,258 Leasing income 144 2,307 2,451 Financing income 4,054 4,054 Insurance income 80 80 Total revenues $ 84,365 $ 6,478 $ 90,843 First Half 2026 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 80,380 $ $ 80,380 Used vehicles 2,250 2,250 Services and other revenue (a) 1,925 41 1,966 Revenues from sales and services 84,555 41 84,596 Leasing income 155 2,720 2,875 Financing in …

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INCOME TAXES For interim tax reporting, we estimate one single effective tax rate for tax jurisdictions not subject to a valuation allowance, which is applied to the year-to-date ordinary income/(loss). Tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur. Our Provision for/(Benefit from) income taxes for the second quarter and first half of 2026 was a benefit of $711 million and $350 million, respectively, resulting in an effective tax rate of 35.0% for the second quarter and negative 39.8% for the first half. These rates were driven by a benefit of $273 million in the second quarter resulting from the recognition of a U.S. Qualified Opportunity Zone tax incentive. The first half rate was also driven by a benefit resulting from a tax law change in the United Kingdom.

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Adoption of New Accounting Standards Accounting Standards Updates (ASUs) adopted during 2026 had no material effect on our consolidated financial statements or financial statement disclosures. Accounting Standards Issued But Not Yet Adopted ASU 2024-03, Disaggregation of Income Statement Expenses (DISE) . In November 2024, the Financial Accounting Standards Board (FASB) issued a new accounting standard to improve the disclosures about an entitys expenses and address requests from investors for more detailed information about the types of expenses included in commonly presented expense captions. The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with retrospective application permitted. We are assessing the effect on our consolidated financial statement disclosures; however, adoption will not affect our consolidated income statements, balance sheets, or statements of cash flows. ASU 2026-02, Environmental Credits and Environmental Credit Obligations . In May 2026, the FASB issued a new accounting standard to provide guidance on the recognition, measurement, presentation, and disclosure of environmental credits and environmental credit obligations. The new standard is effective for interim and annual reporting periods beginning after December 15, 2027, with retrospective application required. We are assessing the effect on our consolidated financial statements and financi …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

RETIREMENT BENEFITS Defined Benefit Plans - Expense The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended June 30 were as follows (in millions): Second Quarter 2025 2026 Pension Benefits OPEB Pension Benefits OPEB U.S. Plans Non-U.S. Plans Worldwide U.S. Plans Non-U.S. Plans Worldwide Service cost $ 52 $ 50 $ 5 $ 53 $ 40 $ 5 Interest cost 393 238 55 353 252 49 Expected return on assets (457) (289) (449) (293) Amortization of prior service costs/(credits) 22 6 2 22 6 3 Net remeasurement (gain)/loss 54 Separation costs/other 5 11 10 Settlements and curtailments 4 Net periodic benefit cost/(income) $ 15 $ 16 $ 62 $ (21) $ 73 $ 57 First Half 2025 2026 Pension Benefits OPEB Pension Benefits OPEB U.S. Plans Non-U.S. Plans Worldwide U.S. Plans Non-U.S. Plans Worldwide Service cost $ 104 $ 98 $ 10 $ 106 $ 84 $ 10 Interest cost 786 462 110 706 500 99 Expected return on assets (913) (567) (898) (588) Amortization of prior service costs/(credits) 44 12 4 44 12 5 Net remeasurement (gain)/loss (10) (189) Separation costs/other 12 35 63 Settlements and curtailments 19 Net periodic benefit cost/(income) $ 33 $ 30 $ 124 $ (42) $ (99) $ 114 The service cost component is included in Cost of sales and Selling, administrative, and other expenses . Other components of net periodic benefit cost/(income) are included in Other income/(loss), net on our consolidated income statements. Pension Plan Contributions During 2026, we continue to …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

EMPLOYEE SEPARATION ACTIONS AND EXIT AND DISPOSAL ACTIVITIES We generally record costs associated with voluntary separations at the time of employee acceptance. We generally record costs associated with involuntary separation programs when management has approved the plan for separation, the affected employees are identified, and it is unlikely that actions required to complete the separation plan will change significantly. Costs associated with benefits that are contingent on the employee continuing to provide service are accrued over the required service period. Company excluding Ford Credit Employee separation actions and exit and disposal activities include employee separation costs, facility and other asset-related charges (e.g., impairment, accelerated depreciation), dealer and supplier payments, other statutory and contractual obligations, and other expenses, which are recorded in Cost of sales and Selling, administrative, and other expenses . The following table summarizes the activities (primarily hourly and salaried worker separation programs in Europe, which are expected to be substantially complete by the end of 2027) for the periods ended June 30, which are recorded in Other liabilities and deferred revenue (in millions): Second Quarter First Half 2025 2026 2025 2026 Beginning balance $ 999 $ 1,029 $ 1,098 $ 1,457 Changes in accruals (a) 51 27 98 395 Payments (67) (125) (245) (895) Foreign currency translation and other 67 (7) 99 (33) Ending balance $ 1,050 $ 924 …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

REVENUE The following tables disaggregate our revenue by major source for the periods ended June 30 (in millions): Second Quarter 2025 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 45,202 $ $ 45,202 Used vehicles 780 780 Services and other revenue (a) 884 19 903 Revenues from sales and services 46,866 19 46,885 Leasing income 77 1,176 1,253 Financing income 2,008 2,008 Insurance income 38 38 Total revenues $ 46,943 $ 3,241 $ 50,184 Second Quarter 2026 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 42,736 $ $ 42,736 Used vehicles 1,103 1,103 Services and other revenue (a) 972 18 990 Revenues from sales and services 44,811 18 44,829 Leasing income 80 1,374 1,454 Financing income 1,974 1,974 Insurance income 39 39 Total revenues $ 44,891 $ 3,405 $ 48,296 First Half 2025 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 81,069 $ $ 81,069 Used vehicles 1,465 1,465 Services and other revenue (a) 1,687 37 1,724 Revenues from sales and services 84,221 37 84,258 Leasing income 144 2,307 2,451 Financing income 4,054 4,054 Insurance income 80 80 Total revenues $ 84,365 $ 6,478 $ 90,843 First Half 2026 Company excluding Ford Credit Ford Credit Consolidated Vehicles, parts, and accessories $ 80,380 $ $ 80,380 Used vehicles 2,250 2,250 Services and other revenue (a) 1,925 41 1,966 Revenues from sales and services 84,555 41 84,596 Leasing income 155 2,720 2,875 Fina …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

SEGMENT INFORMATION We report segment information consistent with the way our chief operating decision maker (CODM), our President and Chief Executive Officer, evaluates the operating results and performance of the Company. Accordingly, we analyze the results of our business through the following segments: Ford Blue, Ford Model e, Ford Pro, and Ford Credit. Below is a description of our reportable segments and other activities. Ford Blue Segment Ford Blue primarily includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid (excluding extended range electric vehicles (EREVs)) vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services. This segment focuses on developing Ford and Lincoln ICE and hybrid vehicles. Additionally, this segment provides hardware engineering and manufacturing capabilities to Ford Model e and manufactures vehicles on behalf of Ford Pro and, in certain cases, Ford Model e. Ford Blue also includes: All sales for markets not presently in scope for Ford Model e or Ford Pro (as further described below) In markets outside of the United States and Canada, sales to commercial, government, and rental customers of ICE and hybrid vehicles not considered core to Ford Pro Sales of EVs, including EREVs, by our unconsolidated affiliates in China All sales of vehicles manufactured and sold to oth …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing