FORD MOTOR CREDIT COMPANY LLC (NYSE:F) Files An 8-K Other Events
Item 8.01. Other Events.
the Company, we, our, or us) is filing this Current Report on
Form 8-K to reclassify historical segment information and related
disclosures in accordance with Ford Credits current segment
structure. As previously disclosed in Ford Credits Annual Report
on Form 10-K for the year ended December 31, 2016 (the 2016 Form
10-K Report), beginning with the first quarter of 2017, we
changed our reportable segments.
segments were North America and International. Beginning with the
first quarter of 2017, we have three reportable segments in our
consolidated financial statements to align with our new
management reporting structure and reflect the manner in which
our Chief Operating Decision Maker manages our business,
including resource allocation and performance assessment. These
segments are: the Americas, Europe, and Asia Pacific.
Part I, Item 1. Business, Part II, Item 7. Managements Discussion
and Analysis of Financial Condition and Results of Operations,
and Part IV, Item 8. Financial Statements and Supplementary Data
(collectively, Selected Items) from Ford Credits 2016 Form 10-K
Report for the purpose of presenting the financial information in
these items as it would have appeared when Ford Credit published
its 2016 Form 10-K Report on February 9, 2017 had Ford Credit
reorganized its segment structure prior to the first quarter of
2017. This Current Report on Form 8-K and Exhibit 99 are being
filed solely to recast segment reporting financial information
and revise certain related disclosures contained in the 2016 Form
10-K Report to reflect the segment changes implemented during the
first quarter of 2017. Ford Credit has not updated the
information in Exhibit 99 to this Report to reflect events
occurring after the date of the filing of the 2016 Form 10-K
Report other than as required to reflect the segment changes
described above and as set forth in Exhibit 99 to this Report.
The changes in the segment structure discussed above affect only
the manner in which the results for the segments were previously
reported. There is no change to Ford Credits previously reported
Consolidated Income Statement, Consolidated Statement of
Comprehensive Income, Consolidated Balance Sheet, Consolidated
Statement of Shareholders Interest, or Consolidated Statement of
Cash Flows. The information contained in Exhibit 99 to this
Report is not an amendment to, or a restatement of, Ford Credits
2016 Form 10-K Report.
Designation
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Description
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Method of Filing
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Exhibit 23
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Consent of Independent Registered Public
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Filed with this Report
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Accounting Firm.
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Exhibit 99
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Selected Items from Ford Credits Annual Report on
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Filed with this Report
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Form 10-K for the year ended December 31, 2016,
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republished solely to reflect the change in reportable
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segments.
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Exhibit 101.INS
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XBRL Instance Document.
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*
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Exhibit 101.SCH
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XBRL Taxonomy Extension Schema Document.
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*
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Exhibit 101.CAL
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XBRL Taxonomy Extension Calculation Linkbase Document.
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*
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Exhibit 101.LAB
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XBRL Taxonomy Extension Label Linkbase Document.
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*
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Exhibit 101.PRE
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XBRL Taxonomy Extension Presentation Linkbase Document.
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*
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Exhibit 101.DEF
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XBRL Taxonomy Extension Definition Linkbase Document.
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*
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the provisions of Regulation S-T.
About FORD MOTOR CREDIT COMPANY LLC (NYSE:F)
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment. FORD MOTOR CREDIT COMPANY LLC (NYSE:F) Recent Trading Information
FORD MOTOR CREDIT COMPANY LLC (NYSE:F) closed its last trading session down -0.20 at 11.40 with 51,685,768 shares trading hands.