January 20, 2017 / 1:48 PM / a year ago

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

(Reuters) - Ford Motor Co (F.N) 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

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below