F 10-K Annual Report Dec. 31, 2022 | Alphaminr

F 10-K Fiscal year ended Dec. 31, 2022

FORD MOTOR CO
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1. Business (continued)Item 1A. Risk FactorsItem 1A. Risk Factors (continued)Item 1B. Unresolved Staff CommentsItem 2. PropertiesItem 2. Properties (continued)Item 3. Legal ProceedingsItem 3. Legal Proceedings (continued)Item 4. Mine Safety DisclosuresItem 4A. Executive Officers Of FordPart IIItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity Securities (continued)Item 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of Operations (continued)Item 7A. Quantitative and Qualitative Disclosures About Market RiskItem 7A. Quantitative and Qualitative Disclosures About Market Risk (continued)Item 8. Financial Statements and Supplementary DataItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers Of Ford, and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions, and Director IndependenceItem 14. Principal Accounting Fees and ServicesPart IVItem 15. Exhibits and Financial Statement SchedulesItem 16. Form 10-k SummaryNote 1. PresentationNote 2. Summary Of Significant Accounting PoliciesNote 2. Summary Of Significant Accounting Policies (continued)Note 3. New Accounting StandardsNote 4. RevenueNote 4. Revenue (continued)Note 5. Other Income/(loss)Note 6. Share-based CompensationNote 6. Share-based Compensation (continued)Note 7. Income TaxesNote 7. Income Taxes (continued)Note 8. Capital Stock and Earnings/(loss) Per ShareNote 9. Cash, Cash Equivalents, and Marketable SecuritiesNote 9. Cash, Cash Equivalents, and Marketable Securities (continued)Note 10. Ford Credit Finance Receivables and Allowance For Credit LossesNote 10. Ford Credit Finance Receivables and Allowance For Credit Losses (continued)Note 11. InventoriesNote 12. Net Investment in Operating LeasesNote 13. Net PropertyNote 14. Equity in Net Assets Of Affiliated CompaniesNote 14. Equity in Net Assets Of Affiliated Companies (continued)Note 15. Other InvestmentsNote 16. Other Liabilities and Deferred RevenueNote 17. Retirement BenefitsNote 17. Retirement Benefits (continued)Note 18. Lease CommitmentsNote 18. Lease Commitments (continued)Note 19. Debt and CommitmentsNote 19. Debt and Commitments (continued)Note 20. Derivative Financial Instruments and Hedging ActivitiesNote 20. Derivative Financial Instruments and Hedging Activities (continued)Note 21. Employee Separation Actions and Exit and Disposal ActivitiesNote 21. Employee Separation Actions and Exit and Disposal Activities (continued)Note 22. Acquisitions and DivestituresNote 22. Acquisitions and Divestitures (continued)Note 23. Accumulated Other Comprehensive Income/(loss)Note 24. Variable Interest EntitiesNote 25. Commitments and ContingenciesNote 25. Commitments and Contingencies (continued)Note 26. Segment InformationNote 26. Segment Information (continued)

Exhibits

Exhibit 3-A-1 Certificate of Designations of Series A Junior Participating Preferred Stock filed on September11,2009. Filed as Exhibit 3.1 to our Current Report on Form8-K filed September 11, 2009. (a) Exhibit 3-B By-laws. Filed as Exhibit 3.1 to our Form 8-K filed on December 9, 2022. (a) Exhibit 4-A Tax Benefit Preservation Plan (TBPP) dated September11,2009 between Ford Motor Company and Computershare Trust Company,N.A. Filed as Exhibit 4.1 to our Current Report on Form8-K filed September 11, 2009. (a) Exhibit 4-A-1 Amendment No. 1 to TBPP dated September 11, 2012. Filed as Exhibit 4 to our Current Report on Form 8-K filed September 12, 2012. (a) Exhibit 4-A-2 Amendment No. 2 to TBPP dated September 9, 2015. Filed as Exhibit 4 to our Current Report on Form 8-K filed September 11, 2015. (a) Exhibit 4-A-3 Amendment No. 3 to TBPP dated September 13, 2018. Filed as Exhibit 4 to our Current Report on Form 8-K filed September 14, 2018. (a) Exhibit 4-A-4 Amendment No. 4 to TBPP dated September 9, 2021. Filed as Exhibit 4 to our Current Report on Form 8-K filed September 10, 2021. (a) Exhibit 4-B Description of Securities. Filed with this Report. Exhibit 10-A Executive Separation Allowance Plan, as amended and restated effective as of January1,2018. (b) Filed as Exhibit 10.1 to our Current Report on Form 8-K filed February 7, 2018. (a) Exhibit 10-B Deferred Compensation Plan for Non-Employee Directors, as amended and restated as of January1,2012. (b) Filed as Exhibit 10-B to our Annual Report on Form 10-K for the year ended December 31, 2011. (a) Exhibit 10-C 2014 Stock Plan for Non-Employee Directors (b) Filed as Exhibit 10-C to our Annual Report on Form10-K for the year ended December31,2013. (a) Exhibit 10-D Benefit Equalization Plan, as amended and restated effective as of January1,2022. (b) Filed as Exhibit 10.3 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. (a) Exhibit 10-E Description of financial counseling services provided to certain executives. (b) Filed as Exhibit 10-E to our Annual Report on Form 10-K for the year ended December 31, 2019. (a) Exhibit 10-F Defined Benefit Supplemental Executive Retirement Plan, as amended and restated effective as of January1,2022. (b) Filed as Exhibit 10.4 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. (a) Exhibit 10-F-1 Defined Contribution Supplemental Executive Retirement Plan, as amended and restated effective as of January1,2022. (b) Filed as Exhibit 10.5 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. (a) Exhibit 10-G Description of Director Compensation as of July13,2006. (b) Filed as Exhibit 10-G-3 to our Quarterly Report on Form10-Q for the quarter ended September30,2006. (a) Exhibit 10-G-1 Amendment to Description of Director Compensation as of February8,2012. (b) Filed as Exhibit 10-F-3 to our Annual Report on Form 10-K for the year ended December 31, 2011. (a) Exhibit 10-G-2 Amendment to Description of Director Compensation as of July 1, 2013. (b) Filed as Exhibit 10-G-2 to our Annual Report on Form10-K for the year ended December31,2013. (a) Exhibit 10-G-3 Amendment to Description of Director Compensation as of January 1, 2017. (b) Filed as Exhibit 10-G-3 to our Annual Report on Form 10-K for the year ended December 31, 2016. (a) Exhibit 10-H 2008 Long-Term Incentive Plan. (b) Filed as Exhibit 10.1 to our Quarterly Report on Form10-Q for the quarter ended June 30, 2008. (a) Exhibit 10-I Description of Vehicle Evaluation Program for Non-Executive Directors. (b) Filed as Exhibit 10-I to our Annual Report on Form 10-K for the year ended December 31, 2021. (a) Exhibit 10-J Non-Employee Directors Life Insurance and Optional Retirement Plan as amended and restated as of December31,2010. (b) Filed as Exhibit 10-I to our Annual Report on Form10-K for the year ended December31,2010. (a) Exhibit 10-K-1 Description of Amendment to Basic Life Insurance and Accidental Death & Dismemberment Insurance. (b) Filed as Exhibit 10-K-1 to our Annual Report on Form 10-K for the year ended December 31, 2013. (a) Exhibit 10-L Agreement between Ford Motor Company and Jon M. Huntsman, Jr. dated April 12, 2021. (b) Filed as Exhibit 10.3 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. (a) Exhibit 10-M Offer Letter to Michael Amend dated August 16, 2021. (b) Filed as Exhibit 10-M to our Annual Report on Form 10-K for the year ended December 31, 2021. (a) Exhibit 10-N Offer Letter to Doug Field dated August 26, 2021. (b) Filed as Exhibit 10-N to our Annual Report on Form 10-K for the year ended December 31, 2021. (a) Exhibit 10-O Agreement between Ford Motor Company and James D. Farley, Jr. dated August 3, 2020. (b) Filed as Exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. (a) Exhibit 10-P Select Retirement Plan, as amended and restated effective as of January 1,2018. (b) Filed as Exhibit 10.4 to our Current Report on Form 8-K filed February 7, 2018. (a) Exhibit 10-Q Deferred Compensation Plan, as amended and restated as of December31,2010. (b) Filed as Exhibit 10-M to our Annual Report on Form10-K for the year ended December31,2010. (a) Exhibit 10-Q-1 Suspension of Open Enrollment in Deferred Compensation Plan. (b) Filed as Exhibit 10-M-1 to our Annual Report on Form10-K for the year ended December31,2009. (a) Exhibit 10-R Annual Incentive Compensation Plan, as amended and restated effective as of January 1, 2023. (b) Filed with this Report. Exhibit 10-R-1 Annual Incentive Compensation Plan Metrics for 2021. (b) Filed as Exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. (a) Exhibit 10-R-2 Annual Incentive Compensation Plan Metrics for 2022. (b) Filed as Exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. (a) Exhibit 10-R-3 Performance-Based Restricted Stock Unit Metrics for 2019. (b) Filed as Exhibit 10.2 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2019. (a) Exhibit 10-R-4 Performance-Based Restricted Stock Unit Metrics for 2020. (b) Filed as Exhibit 10.2 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. (a) Exhibit 10-R-5 Performance-Based Restricted Stock Unit Metrics for 2021. (b) Filed as Exhibit 10.2 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. (a) Exhibit 10-R-6 Performance-Based Restricted Stock Unit Metrics for 2022. (b) Filed as Exhibit 10.2 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. (a) Exhibit 10-R-7 Executive Compensation Recoupment Policy. (b) Filed as Exhibit 10-N-8 to our Annual Report on Form10-K for the year ended December31,2010. (a) Exhibit 10-S 2018 Long-Term Incentive Plan. (b) Filed as Exhibit 4.1 to Registration Statement No. 333-226348. (a) Exhibit 10-S-1 Form of Stock Option Terms and Conditions for Long-Term Incentive Plan. (b) Filed as Exhibit 10.4 to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. (a) Exhibit 10-S-2 Form of Stock Option Agreement for Long-Term Incentive Plan. (b) Filed as Exhibit 10-P-3 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-3 Form of Stock Option Agreement (ISO) for Long-Term Incentive Plan. (b) Filed as Exhibit 10-P-4 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-4 Form of Stock Option Agreement (U.K. NQO) for Long-Term Incentive Plan. (b) Filed as Exhibit 10-P-5 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-5 Form of Stock Option (U.K.) Terms and Conditions for Long-Term Incentive Plan. (b) Filed as Exhibit 10-R-5 to our Annual Report on Form 10-K for the year ended December 31, 2020. (a) Exhibit 10-S-6 Form of Restricted Stock Grant Letter. (b) Filed as Exhibit 10-P-7 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-7 Form of Final Award Notification Letter for Performance-Based Restricted Stock Units. (b) Filed as Exhibit 10-P-8 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-8 Form of Annual Equity Grant Letter V.1. (b) Filed as Exhibit 10-P-9 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-9 Form of Annual Equity Grant Letter V.2. (b) Filed as Exhibit 10-P-10 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-10 Form of Long-Term Incentive Plan Restricted Stock Unit Agreement. (b) Filed as Exhibit 10-P-11 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-11 Form of Long-Term Incentive Plan Retention Restricted Stock Unit Agreement (b) Filed as Exhibit 10-S-11 to our Annual Report on Form 10-K for the year ended December 31, 2021. (a) Exhibit 10-S-12 Long-Term Incentive Plan Restricted Stock Unit Terms and Conditions. (b) Filed as Exhibit 10-P-12 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-13 Form of Final Award Agreement for Performance-Based Restricted Stock Units under Long-Term Incentive Plan. (b) Filed as Exhibit 10-P-13 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-14 Form of Final Award Terms and Conditions for Performance-Based Restricted Stock Units under Long-Term Incentive Plan. (b) Filed as Exhibit 10-P-14 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-S-15 Form of Notification Letter for Time-Based Restricted Stock Units. (b) Filed as Exhibit 10-P-15 to our Annual Report on Form 10-K for the year ended December 31, 2017. (a) Exhibit 10-T Description of Company Practices regarding Club Memberships for Executives. (b) Filed as Exhibit 10-V to our Annual Report on Form 10-K for the year ended December 31, 2021. (a) Exhibit 10-U Amended and Restated Credit Agreement dated as of November24,2009. Filed as Exhibit 99.2 to our Current Report on Form8-K filed November25,2009. (a) Exhibit 10-U-1 Seventh Amendment dated as of March 15, 2012 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, and as further amended. Filed as Exhibit 99.2 to our Current Report on Form 8-K filed March 15, 2012. (a) Exhibit 10-U-2 Ninth Amendment dated as of April 30, 2013 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, and as further amended. Filed as Exhibit 10 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. (a) Exhibit 10-U-3 Tenth Amendment dated as of April 30, 2014 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, and as further amended. Filed as Exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2014. (a) Exhibit 10-U-4 Eleventh Amendment dated as of April 30, 2015 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, and as further amended, including the Third Amended and Restated Credit Agreement. Filed as Exhibit 10.1 to our Current Report on Form 8-K filed May1, 2015. (a) Exhibit 10-U-5 Twelfth Amendment dated as of April 29, 2016 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, and as further amended and restated as of April 30, 2015. Filed as Exhibit 10 to our Current Report on Form 8-K filed April29, 2016. (a) Exhibit 10-U-6 Thirteenth Amendment dated as of April 28, 2017 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, and as further amended and restated as of April 30, 2015. Filed as Exhibit 10 to our Current Report on Form 8-K filed April28, 2017. (a) Exhibit 10-U-7 Fourteenth Amendment dated as of April 26, 2018 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, and as further amended and restated as of April 30, 2015. Filed as Exhibit 10 to our Current Report on Form 8-K filed April26, 2018. (a) Exhibit 10-U-8 Fifteenth Amendment dated as of April 23, 2019 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, and as further amended and restated as of April 30, 2015. Filed as Exhibit 10.1 to our Current Report on Form 8-K filed April26, 2019. (a) Exhibit 10-U-9 Sixteenth Amendment dated as of July 27, 2020 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, and as further amended and restated as of April 30, 2015. Filed as Exhibit 10.1 to our Current Report on Form 8-K filed July30, 2020. (a) Exhibit 10-U-10 Seventeenth Amendment dated as of March 16, 2021 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, and as further amended and restated as of April 30, 2015. Filed as Exhibit 10.1 to our Current Report on Form 8-K filed March 17, 2021. (a) Exhibit 10-U-11 Eighteenth Amendment dated as of September 29, 2021 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, as amended and restated as of April 30, 2015, and as further amended, including the Fourth Amended and Restated Credit Agreement. Filed as Exhibit 10.1 to our Current Report on Form 8-K filed September 29, 2021. (a) Exhibit 10-U-12 Nineteenth Amendment dated as of June 23, 2022 to our Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009, as amended and restated as of April 30, 2014, as amended and restated as of April 30, 2015, and as further amended, including the Fourth Amended and Restated Credit Agreement. Filed as Exhibit 10.1 to our Current Report on Form 8-K filed June23, 2022. (a) Exhibit 10-V Revolving Credit Agreement dated as of April 23, 2019. Filed as Exhibit 10.2 to our Current Report on Form 8-K filed April26, 2019. (a) Exhibit 10-V-1 First Amendment dated July 27, 2020 to the Revolving Credit Agreement dated April 23, 2019. Filed as Exhibit 10.2 to our Current Report on Form 8-K filed July30, 2020. (a) Exhibit 10-V-2 Second Amendment dated March 16, 2021 to the Revolving Credit Agreement dated April 23, 2019. Filed as Exhibit 10.2 to our Current Report on Form 8-K filed March 17, 2021. (a) Exhibit 10-V-3 Third Amendment dated September 29, 2021 to the Revolving Credit Agreement dated April 23, 2019, and as further amended, including the First Amended and Restated Revolving Credit Agreement. Filed as Exhibit 10.2 to our Current Report on Form 8-K filed September 29, 2021. (a) Exhibit 10-V-4 Fourth Amendment dated June 23, 2022 to the Revolving Credit Agreement dated April 23, 2019, and as further amended, including the First Amended and Restated Revolving Credit Agreement. Filed as Exhibit 10.2 to our Current Report on Form 8-K filed June23, 2022. (a) Exhibit 10-W 364-Day Revolving Credit Agreement dated as of June23,2022. Filed as Exhibit 10.3 to our Current Report on Form 8-K filed June23, 2022. (a) Exhibit 10-W-1 First Amendment dated October 26, 2022 to the 364-Day Revolving Credit Agreement dated as of June23,2022. Filed as Exhibit 10 to our Current Report on Form 8-K filed October 28, 2022. (a) Exhibit 21 List of Subsidiaries of Ford as of January 31, 2023. Filed with this Report. Exhibit 23 Consent of Independent Registered Public Accounting Firm. Filed with this Report. Exhibit 24 Powers of Attorney. Filed with this Report. Exhibit 31.1 Rule 15d-14(a) Certification of CEO. Filed with this Report. Exhibit 31.2 Rule 15d-14(a) Certification of CFO. Filed with this Report. Exhibit 32.1 Section 1350 Certification of CEO. Furnished with this Report. Exhibit 32.2 Section 1350 Certification of CFO. Furnished with this Report.