Ford to record pre-tax remeasurement loss of $3 billion in 2016

Fri Jan 20, 2017 8:43am EST
 
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(Reuters) - Ford Motor Co (F.N: Quote) said on Friday it would record a pre-tax remeasurement loss of about $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. (bit.ly/2jU9H26)

Remeasurement is the re-evaluation of the value of an asset or liability on a company's financial statements.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Martina D'Couto)

 
A Ford logo is pictured at a car dealership in Monterrey, Mexico, November 9, 2016. Picture taken November 9, 2016. REUTERS/Daniel Becerril