Ford Investor Conference Presentation Deck
Company
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) $
$
Q2 2023
2,288
(1,194)
3,482
First Half 2023
11.9 %
12.9 %
$
(272) $
177
(449)
$
4,447
(2,106)
6,553
(1,089)
Memo:
Full Year 2022
17.3 %
16.6 %
$
(768) $
321
$
$
(3,016)
(12,172)
9,156
864
2,573
(1,709)
28.6 %
18.7 %
Ford
* 2022 reflects the tax
consequences of unrealized
losses on marketable
securities and fourth quarter
favorable changes in our
valuation allowances
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