Access the annual report for Ford Motor Company.
a) What is Ford's balance in goodwill for 2022?
b) How much goodwill impairment was reported in 2022?
6) Access the annual report for Ford Motor Company, located on Canvas under the "Financial Statements" module. a) What is Ford's balance in goodwill for 2022? b) How much goodwill impairment was reported in 2022 ? Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations (Continued) The tables below provide supplemental consolidating financial information and other financial information. Company excluding Ford Credit includes our Automotive and Mobility reportable segments, Corporate Other, Interest on Debt, and Snecial items. Eliminations. Where presented. primarily represent eliminations of intersegment transactions and deferred In North America, 2022 wholesales increased 16% from a year ago, primarily reflecting an improvement in productionrelated supply constraints and a full year of Bronco and Maverick production. Full year 2022 revenue increased 24%, driven by higher wholesales and net pricing. North America's 2022 EBIT was $9.2 billion, an increase of $1.8 billion from a year ago, with an EBIT margin of 8.4%. The EBIT improvement was driven by higher net pricing and higher wholesales, offset partially by inflationary increases on commodity, material, and freight costs, higher structural costs, unfavorable mix, and higher warranty costs. Hem 7. Management's Discussion and Analysis of Financial Condition and Results of Operations (Continued) RESULTS OF OPERATIONS - 2022 The net loss attributable to Ford Motor Company was $1,981 million in 2022 . Company adjusted EBrT was $10,415 million. Net income/(loss) includes cortain items ("special items") that are excluded from Company adjusted EarT. These nems are discussed in more detail in Note 26 of the Notes to the Financial Statements. We report special items separately to allow inwestors analyzing our results to identify certain infrequent significant ilems that they may wish to exclude when considering the trend of ongoing operating results. Our pre-tax and tax special items were as follows (in millinnel We recorded $12.2 billion of pre-tax special liem charges in 2022 , driven by a $7.4 billion mark-to-market net loss on our Rivlan investment and a $2.7 bilion impairment on our Asgo investment. In Note 26 of the Notes to the Financial Statements, special items are reflected as a separate reconciling item, as opposed to being allocated among the Automotive, Mobility, and Ford Credit segments. This reflects the fact that management excludes these items from its review of operating segment results for purposes of measuring segment profitability and allocating resources. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations (Continued) Automotive Segment The table below shows our full year 2022 Automotive segment EBIT by business unit (in millions). The tables below and on the following pages provide full year 2022 key metrics and the change in full year 2022 EBIT compared with full year 2021 by causal factor for our Automotive segment and its regional business units: North America, South America, Europe, China (including Taiwan), and the International Markets Group. For a description of these causal factors, see Definitions and Information Regarding Automotive Causal Factors. In 2022, wholesales in our Automotive segment increased 7% from a year ago, primarily reflecting stronger wholesales in North America. Full year 2022 Automotive revenue increased 18%, driven by higher wholesales and net pricing, offset partially by weaker currencies. Our full year 2022 Automotive segment EBIT was $9.7 billion, an increase of $2.3 billion from a year ago, with an EBIT margin of 6.5%. The EBIT improvement was driven by higher net pricing and higher wholesales, offset partially by inflationary increases on commodity, material, and freight costs, higher structural costs (including growth-related nvestments), unfavorable mix, weaker currencies, and higher warranty costs. Salented Balance Sheet Information. The following tables provide supplemental balance sheet information (in (a) See Non-GAAP Financial Measure Reconciliations section for reconciliation to GAAP. (b) 2021 includes our investment in Rivian of $10.6 billion and cash premium paid of $(1.6) billion associated with repurchasing and redeeming $7.6 bllition of higher-coupon debt. 2022 includes a $7,4 billion loss on our Rivian investment. Note: Numbers may not sum due to rounding. Our full year 2022 Net cash provided by/(used in) operating activities was positive $6.9 billion, a decrease of $8.9 billion from a year ago (see page 79 for additional information). The year-over-year decrease was driven by a decrease in Ford Credit operating cash flow partially offset by favorable timing differences. Company adjusted free cash flow was $9.1 billion, $4.5 billion higher than a year ago, driven by higher Company adjusted EBIT excluding Ford Credit, timing benefits, improvement in working capital, and lower interest expense, offset partially by lower Ford Credit distributions. Capital spending was $6.5 billion in 2022,$0.3 billion higher than a year ago, and is expected to be in the range of $8 billion to $9 billion in 2023 . The full year 2022 working capital impact was $0.2 billion positive, driven by higher payables. All other and timing differences were positive $1.9 billion. Timing differences include differences between accrual-based EBIT and the associated cash flows (e.g., pension and OPEB income or expense; compensation payments; marketing incentive and warranty payments to dealers)
