Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Ford Motor Co., balance sheet: property, plant and equipment

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Land	360)	367)	371)	450)	451)
Buildings and land improvements	13,912)	12,636)	11,946)	12,438)	12,557)
Machinery, equipment, and other	40,765)	41,202)	38,964)	39,636)	40,463)
Software	5,694)	5,423)	5,042)	4,598)	3,900)
Construction in progress	6,240)	5,308)	3,203)	2,152)	1,718)
Land, plant and equipment, and other, gross	66,971)	64,936)	59,526)	59,274)	59,089)
Accumulated depreciation	(33,525)	(33,679)	(31,781)	(32,342)	(32,848)
Net land, plant and equipment, and other	33,446)	31,257)	27,745)	26,932)	26,241)
Tooling, net of amortization	8,482)	9,564)	9,520)	10,207)	10,842)
Net property	41,928)	40,821)	37,265)	37,139)	37,083)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Download chart

Item	Description	The company
Land, plant and equipment, and other, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Ford Motor Co. land, plant and equipment, and other, gross increased from 2022 to 2023 and from 2023 to 2024.
Net land, plant and equipment, and other	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Ford Motor Co. net land, plant and equipment, and other increased from 2022 to 2023 and from 2023 to 2024.

Ford Motor Co., asset age ratios

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Average age ratio	50.33%	52.16%	53.72%	54.98%	56.02%
Estimated total useful life (years)	22	21	21	20	21
Estimated age, time elapsed since purchase (years)	11	11	11	11	12
Estimated remaining life (years)	11	10	10	9	9

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Download chart

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Ford Motor Co. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Ford Motor Co. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Ford Motor Co. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Estimated remaining life		Ford Motor Co. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation	33,525)	33,679)	31,781)	32,342)	32,848)
Land, plant and equipment, and other, gross	66,971)	64,936)	59,526)	59,274)	59,089)
Land	360)	367)	371)	450)	451)
Asset Age Ratio
Average age¹	50.33%	52.16%	53.72%	54.98%	56.02%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Land, plant and equipment, and other, gross – Land)
= 100 × 33,525 ÷ (66,971 – 360) = 50.33%

Download chart

Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Ford Motor Co. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Land, plant and equipment, and other, gross	66,971)	64,936)	59,526)	59,274)	59,089)
Land	360)	367)	371)	450)	451)
Property-related depreciation and other amortization expenses	3,067)	3,041)	2,878)	2,986)	2,792)
Asset Age Ratio (Years)
Estimated total useful life¹	22	21	21	20	21

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

¹ Estimated total useful life = (Land, plant and equipment, and other, gross – Land) ÷ Property-related depreciation and other amortization expenses
= (66,971 – 360) ÷ 3,067 = 22

Download chart

Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Ford Motor Co. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation	33,525)	33,679)	31,781)	32,342)	32,848)
Property-related depreciation and other amortization expenses	3,067)	3,041)	2,878)	2,986)	2,792)
Asset Age Ratio (Years)
Time elapsed since purchase¹	11	11	11	11	12

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Property-related depreciation and other amortization expenses
= 33,525 ÷ 3,067 = 11

Download chart

Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Ford Motor Co. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Net land, plant and equipment, and other	33,446)	31,257)	27,745)	26,932)	26,241)
Land	360)	367)	371)	450)	451)
Property-related depreciation and other amortization expenses	3,067)	3,041)	2,878)	2,986)	2,792)
Asset Age Ratio (Years)
Estimated remaining life¹	11	10	10	9	9

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

¹ Estimated remaining life = (Net land, plant and equipment, and other – Land) ÷ Property-related depreciation and other amortization expenses
= (33,446 – 360) ÷ 3,067 = 11

Download chart

Asset age ratio	Description	The company
Estimated remaining life		Ford Motor Co. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.

Ford Motor Co. (NYSE:F)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life