Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Ford Motor Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Payables	27,868)	27,756)	26,259)	24,128)	27,424)	25,458)	27,384)	25,992)	27,813)	27,749)	26,028)	25,605)	27,051)	23,378)	23,256)	22,349)	22,923)	18,593)	23,492)	22,204)	21,466)	16,360)	18,439)
Other liabilities and deferred revenue	31,152)	30,360)	28,033)	27,782)	28,048)	27,380)	26,032)	25,870)	23,817)	23,925)	21,827)	21,097)	19,066)	19,255)	18,810)	18,686)	18,787)	18,869)	21,286)	23,645)	20,698)	21,076)	23,143)
Company excluding Ford Credit	3,918)	3,591)	4,286)	1,756)	1,526)	1,712)	727)	477)	437)	410)	522)	730)	1,212)	1,533)	2,927)	3,175)	1,849)	2,136)	1,061)	1,374)	1,548)	2,084)	1,609)
Ford Credit	53,710)	53,281)	50,154)	53,193)	52,038)	48,853)	49,063)	49,192)	48,201)	48,931)	47,528)	49,434)	42,838)	42,286)	45,359)	46,517)	45,474)	43,876)	48,410)	49,969)	49,447)	53,260)	51,303)
Debt payable within one year	57,628)	56,872)	54,440)	54,949)	53,564)	50,565)	49,790)	49,669)	48,638)	49,341)	48,050)	50,164)	44,050)	43,819)	48,286)	49,692)	47,323)	46,012)	49,471)	51,343)	50,995)	55,344)	52,912)
Current liabilities	116,648)	114,988)	108,732)	106,859)	109,036)	103,403)	103,206)	101,531)	100,268)	101,015)	95,905)	96,866)	90,167)	86,452)	90,352)	90,727)	89,033)	83,474)	94,249)	97,192)	93,159)	92,780)	94,494)
Other liabilities and deferred revenue	30,961)	30,242)	28,883)	28,832)	28,977)	28,289)	27,724)	28,414)	27,851)	25,754)	25,908)	25,497)	28,591)	28,221)	28,501)	27,705)	28,808)	28,586)	28,707)	28,379)	26,826)	25,391)	25,105)
Company excluding Ford Credit	17,857)	16,742)	16,644)	18,898)	19,071)	18,694)	19,430)	19,467)	19,333)	19,169)	19,190)	19,200)	19,073)	17,833)	17,158)	17,200)	23,767)	23,776)	24,819)	22,633)	22,654)	37,879)	28,881)
Ford Credit	86,455)	84,113)	84,186)	84,675)	84,623)	81,642)	80,195)	80,095)	74,691)	74,726)	72,052)	69,605)	65,206)	67,175)	70,157)	71,200)	73,482)	77,129)	78,382)	87,708)	83,626)	82,007)	85,533)
Long-term debt payable after one year	104,312)	100,855)	100,830)	103,573)	103,694)	100,336)	99,625)	99,562)	94,024)	93,895)	91,242)	88,805)	84,279)	85,008)	87,315)	88,400)	97,249)	100,905)	103,201)	110,341)	106,280)	119,886)	114,414)
Deferred income taxes	1,652)	1,559)	1,434)	1,074)	1,001)	963)	889)	1,005)	1,654)	1,721)	1,548)	1,549)	1,793)	1,837)	1,734)	1,581)	883)	783)	688)	538)	517)	454)	439)
Non-current liabilities	136,925)	132,656)	131,147)	133,479)	133,672)	129,588)	128,238)	128,981)	123,529)	121,370)	118,698)	115,851)	114,663)	115,066)	117,550)	117,686)	126,940)	130,274)	132,596)	139,258)	133,623)	145,731)	139,958)
Total liabilities	253,573)	247,644)	239,879)	240,338)	242,708)	232,991)	231,444)	230,512)	223,797)	222,385)	214,603)	212,717)	204,830)	201,518)	207,902)	208,413)	215,973)	213,748)	226,845)	236,450)	226,782)	238,511)	234,452)
Common Stock, par value $0.01 per share	41)	41)	41)	41)	41)	41)	41)	41)	41)	41)	41)	41)	41)	41)	41)	40)	40)	40)	40)	40)	40)	40)	40)
Class B Stock, par value $0.01 per share	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Capital in excess of par value of stock	23,847)	23,715)	23,562)	23,502)	23,397)	23,270)	23,125)	23,128)	23,032)	23,029)	22,889)	22,832)	22,768)	22,653)	22,550)	22,611)	22,477)	22,408)	22,240)	22,290)	22,262)	22,210)	22,150)
Retained earnings	34,186)	32,352)	32,999)	33,740)	32,525)	32,240)	31,019)	31,029)	32,169)	31,577)	30,270)	31,754)	31,072)	32,511)	32,251)	35,769)	23,894)	22,062)	21,502)	18,243)	21,031)	18,645)	17,527)
Accumulated other comprehensive loss	(7,873)	(8,242)	(9,158)	(9,639)	(8,989)	(9,357)	(8,932)	(9,042)	(8,933)	(8,924)	(8,788)	(9,339)	(10,193)	(9,473)	(8,294)	(8,339)	(8,245)	(8,268)	(8,370)	(8,294)	(8,613)	(8,471)	(8,461)
Treasury stock	(2,810)	(2,810)	(2,810)	(2,810)	(2,660)	(2,628)	(2,384)	(2,384)	(2,047)	(2,047)	(2,047)	(2,047)	(1,564)	(1,564)	(1,564)	(1,563)	(1,574)	(1,579)	(1,585)	(1,590)	(1,596)	(1,601)	(1,607)
Equity attributable to Ford Motor Company	47,392)	45,057)	44,635)	44,835)	44,315)	43,567)	42,870)	42,773)	44,263)	43,677)	42,366)	43,242)	42,125)	44,169)	44,985)	48,519)	36,593)	34,664)	33,828)	30,690)	33,125)	30,824)	29,650)
Equity attributable to noncontrolling interests	25)	24)	25)	23)	24)	28)	27)	25)	13)	(71)	(169)	(75)	(36)	68)	99)	103)	111)	120)	146)	121)	36)	31)	48)
Total equity	47,417)	45,081)	44,660)	44,858)	44,339)	43,595)	42,897)	42,798)	44,276)	43,606)	42,197)	43,167)	42,089)	44,237)	45,084)	48,622)	36,704)	34,784)	33,974)	30,811)	33,161)	30,855)	29,698)
Total liabilities and equity	300,990)	292,725)	284,539)	285,196)	287,047)	276,586)	274,341)	273,310)	268,073)	265,991)	256,800)	255,884)	246,919)	245,755)	252,986)	257,035)	252,677)	248,532)	260,819)	267,261)	259,943)	269,366)	264,150)

Liabilities Overview: The total liabilities exhibit a generally stable pattern with slight fluctuations across the periods. After peaking near 234,452 million US dollars at the end of Q1 2020, liabilities experienced a gradual decrease, reaching the low 201,000 million range in 2022, followed by an uptick in late 2024 and into early 2025, ending at approximately 253,573 million US dollars. This indicates periods of debt reduction and subsequent reaccumulation.
Short-term (Current) Liabilities: Current liabilities showed a degree of volatility. Starting at 94,494 million dollars at the beginning of 2020, these liabilities dipped notably around mid-2021 to the low 83,000 million level, then steadily rose through the subsequent quarters, peaking above 116,000 million by early 2025. The rise reflects increasing short-term obligations, possibly indicating growing operational or financial activity.
Debt Payable Within One Year: Debt payable within one year exhibits a pattern consistent with current liabilities, starting at 52,912 million dollars at Q1 2020. The figure declined slightly by mid-2022 but then increased notably through the end of the observed period, reaching over 57,600 million dollars. The trend suggests a growing near-term debt burden.
Long-term Debt: Long-term debt payable after one year decreased from about 114,414 million dollars at Q1 2020 to a trough near 84,279 million dollars in late 2022. Following this, it steadily increased, surpassing 104,000 million by Q3 2025. This denotes a strategy of reducing long-term obligations initially, then gradually re-leveraging later.
Ford Credit Segment: The Ford Credit liabilities declined noticeably from 85,533 million dollars at the early 2020 quarter to a low around 65,000 million in late 2022. Subsequently, there was a recovery, with values rising back above 86,000 million dollars by Q3 2025. Despite volatility, this segment remains a significant component of total obligations.
Equity Trends: Total equity showed resilience across the reporting periods, starting near 29,698 million dollars in Q1 2020, increasing markedly to peak levels around 48,600 million dollars in late 2021, followed by a narrowing range between 42,000 and 47,000 million dollars subsequently. The increase during 2021 suggests strong earnings retention or capital injections, whereas later slight declines and recovery reflect normal fluctuations in equity valuation.
Retained Earnings: Retained earnings reflect growth from about 17,527 million dollars in early 2020, rising steadily to reach highs over 33,700 million by Q1 2025, indicating consistent profitability and earnings reinvestment over time. Some intermittent declines correspond with periods of increased dividend payments or write-downs.
Capital and Stock: Capital related balances such as common stock, class B stock, and capital in excess of par value remained largely stable, indicating no significant new stock issuances or buybacks affecting these components. Treasury stock increased in magnitude (more negative) over time, particularly from late 2021 onward, suggesting stock repurchases.
Other Liabilities and Deferred Revenue: This category remains relatively stable but shows a slow increasing trend from approximately 23,143 million in Q1 2020 to above 31,000 million by Q3 2025 for one reported series, and around 25,000 to 30,000 million in another related series. This indicates some growth in these non-debt obligations or accrued charges.
Comprehensive Loss and Non-controlling Interests: The accumulated other comprehensive loss fluctuated with some volatility but generally shows increased losses peaking near -10,000 million in mid-2022, then lessening closer to -7,800 million by late 2025, indicating some recovery in comprehensive income components. Equity attributable to noncontrolling interests remained minor and stable without material impact.
Total Assets and Overall Capital Structure: The sum of total liabilities and equity rose steadily from 264,150 million dollars at the start of 2020 to nearly 301,000 million dollars by late 2025, reflecting growth in the company's overall capital base. The balance between liabilities and equity suggests a leverage profile with moderate fluctuations but no extreme shifts, supporting a balanced capital structure.
Summary: The observed data indicates a financial profile characterized by controlled leverage with both current and long-term liabilities fluctuating in response to strategic debt management. Equity growth, particularly by retained earnings, reflects sustained profitability. The temporary debt reductions in 2021-2022 were followed by gradual increases, possibly aligned with strategic investment or capital allocation decisions. Overall, the financial position demonstrates sound management of obligations coupled with consistent equity value creation.

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Ford Motor Co. (NYSE:F)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data