RETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Defined Benefit Plans - Expense

The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended September 30 were as follows (in millions):


	Third Quarter
	2024						2025
	Pension Benefits				OPEB		Pension Benefits				OPEB
	U.S. Plans		Non-U.S. Plans		Worldwide		U.S. Plans		Non-U.S. Plans		Worldwide
Service cost	$	73	$	62	$	6	$	53	$	51	$	5
Interest cost	400		237		57		392		245		55
Expected return on assets	(455)		(256)		—		(456)		(297)		—
Amortization of prior service costs/(credits)	23		6		2		22		7		3
Net remeasurement (gain)/loss	112		56		—		—		—		—
Separation costs/other	7		30		—		6		4		—
Settlements and curtailments	128		—		—		—		—		—
Net periodic benefit cost/(income)	$	288	$	135	$	65	$	17	$	10	$	63

	First Nine Months
	2024						2025
	Pension Benefits				OPEB		Pension Benefits				OPEB
	U.S. Plans		Non-U.S. Plans		Worldwide		U.S. Plans		Non-U.S. Plans		Worldwide
Service cost	$	219	$	186	$	18	$	157	$	149	$	15
Interest cost	1,201		705		170		1,178		707		165
Expected return on assets	(1,365)		(763)		—		(1,369)		(864)		—
Amortization of prior service costs/(credits)	70		18		7		66		19		7
Net remeasurement (gain)/loss	112		(127)		—		—		(10)		—
Separation costs/other	16		97		—		18		39		—
Settlements and curtailments	128		(3)		—		—		—		—
Net periodic benefit cost/(income)	$	381	$	113	$	195	$	50	$	40	$	187

FORD MOTOR CO 10-Q