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Ford expects $2B net income drop due to pension change

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Ford expects $2B net income drop due to pension change

Ford expects $2B net income drop due to pension change

– POLL: Texas’ bathroom billDo you support, or oppose, a bill filed by Sen. Lois Kolkhorst, R-Brenham, that would require people using public bathrooms in Texas to follow signs matching the gender listed on their birth certificates.The bill is Senate Bill 6, also called the Texas Privacy Act.Total Votes: 144
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Ford expects $2B net income drop due to pension assets

Ford expects $2B net income drop due to pension assets

Ford says that a change in the way it values pension assets will cut its 2016 net income by $2 billion.According to a regulatory filing, Ford changed the way it measures pension gains and losses so they’re counted in the year they occur.Ford will record a pretax pension charge of about $3 billion for the year.
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Ford expects $2B net income drop due to pension change

Ford expects $2B net income drop due to pension change

Ford expects $2B net income drop due to pension changePhoto: Alan Diaz, AP Image 1 of / 1 Caption Close Image 1 of 1 This Tuesday, Jan. 17, 2017, photo shows a Ford sign at an auto dealership, in Hialeah, Fla. Ford Motor Co. says a change in the way it values pension assets will cut 2016 full-year net income by $2 billion.This Tuesday, Jan. 17, 2017, photo shows a Ford sign at an auto dealership, in Hialeah, Fla. Ford Motor Co. says a change in the way it values pension assets will cut 2016 full-year net income by $2 billion.Photo: Alan Diaz, AP Ford expects $2B net income drop due to pension change 1 / 1 Back to GalleryDEARBORN, Mich. (AP) — Ford says that a change in the way it values pension obligations will cut its 2016 net income by $2 billion.
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