Ford reports $204 million derivatives charge

Ford Motor Co. reported a $204 million charge to income related to derivatives in the first quarter.

Interest rate contracts hedging debt fell in value $339 million, roughly balancing the $329 million fair value increase in the underlying bonds over the three months to March 31.

The automaker also incurred fair value losses on non-hedging derivatives: $46 million related to commodity instruments, $17 million to interest rate instruments, and $116 million to foreign exchange contracts.

In the

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: