Jan 20, 2017
Ford to record about US$3B in pension and benefits-related losses in 2016
Reuters
Ford Motor Co (F.N) said on Friday it would record a pre-tax remeasurement loss of about US$3 billion related to its pension plans and other post-retirement employee benefits plans.
The U.S. automaker said the remeasurement loss will not impact Ford's adjusted pre-tax profit or adjusted earnings per share in 2016, and will be recognized as a special item.
Remeasurement is the re-evaluation of the value of an asset or liability on a company's financial statements.