FORD MOTOR COMPANY AND SU BSIDIARIES CONSOLIDATED BALANCE SHEETS (in millions) December 31, December 31, 2019 2020 ASSETS Cash and cash equivalents (Note 9) $ 17,504 S 25,243 Marketable securities (Note 9) 17,147 24,718 Ford Credit nance receivables, net of allowance for credit losses of $162 and $394 (Note 10) 53,651 42,401 Trade and other receivables, less allowances of $63 and $84 9,237 9,993 Inventories (Note 11) 10,786 10,808 Assets held for sale (Note 2, Note 10, and Note 22) 2,383 47 Other assets 3,339 3,534 Total current assets 114,047 1 1 6,744 Ford Credit nance receivables, net of allowance for credit losses of $351 and $911 (Note 10) 53,703 55,277 Net investment in operating leases (Note 12) 29,230 27,951 Net property (Note 13) 36,469 37,083 Equity in net assets of afliated companies (Note 14) 2,519 4,901 Deferred income taxes (Note 7) 11,863 12,423 Other assets 10,706 12,882 Total assets $ 258,537 $ 267,261 LIABILITIES Payables $ 20,673 3 22,204 Other liabilities and deferred revenue (Note 16 and Note 25) 22,987 23,645 Automotive debt payable within one year (Note 19) 1,445 1,194 Ford Credit debt payable within one year (Note 19) 52,371 49,969 Other debt payable within one year (Note 19) 130 180 Liabilities held for sale (Note 22) 526 Total current liabilities 98,132 97,192 Other liabilities and deferred revenue (Note 16 and Note 25) 25,324 28,379 Automotive long-term debt (Note 19) 13,233 22,342 Ford Credit long-tenn debt (Note 19) 87,658 87,708 Other long-tenn debt (Note 19) 470 291 Deferred income taxes (Note 7) 490 538 Total liabilities 225,307 236,450 EQUITY Common Stock, par value $0.01 per share (4,025 million shares issued of 6 billion authorized) 40 40 Class B Stock, par value $0.01 per share (71 million shares issued of 530 million authorized) 1 1 Capital in excess of par value of stock 22,165 22,290 Retained earnings 20,320 1 8,243 Accumulated other comprehensive income/(loss) (Note 23) (7,728) (8,294) Treasury stock (1,613) (1 ,590) Total equity attributable to Ford Motor Company 33,185 30,690 Equity attributable to noncontrolling interests 45 121 Total equity 33,230 30,811 Total liabilities and equity $ 258,537 3 267,261 The following table includes assets to be used to settle liabilities of the consolidated variable interest entities (\"VIEs\"). These assets and liabilities are included in the consolidated balance sheets above. See Note 24 for additional information on our VlEs. December 31, December 31, 2019 2020 ASSETS Cash and cash equivalents $ 3,202 $ 2,822
