Ford Results 3Q23 Earnings
Effective Tax Rate Reconciliation To Adjusted Effective Tax Rate
Pre-Tax Results ($M)
Income / (loss) before income taxes (GAAP)
Less: Impact of special items
Adjusted earnings before taxes (Non-GAAP)
Tax Rate (%)
Effective tax rate (GAAP)
Adjusted effective tax rate (Non-GAAP)
$
Taxes ($M)
(Provision for) / benefit from income taxes (GAAP)
Less: Impact of special items*
Adjusted (provision for) / benefit from income taxes (Non-GAAP) $
* 2022 reflects the tax consequences of unrealized losses on marketable
securities and favorable changes in our valuation allowances
$
Q3
1,387
(487)
1,874
2023
15.4 %
16.1 %
Year-To-Date
$
$ (214) $
87
(301)
$
5,834
(2,593)
8,427
(1,390)
Memo:
Full Year 2022
16.8 %
16.5 %
$ (3,016)
(12,172)
9,156
(982) $
408
$
$
864
2,573
(1,709)
28.6%
18.7 %
Ford
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