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DETROIT — Ford Motor
said it will report pretax charges of $600 million in its fourth-quarter results due to adjustments in its employee pension plans and other postretirement benefits.
The Detroit automaker said the special charges, which will affect its net income but not its adjusted results or cash, are split between domestic plans and those outside the U.S.
“The remeasurement loss for U.S. plans was largely driven by actuarial losses compared to plan assumptions,” Ford said in a public filing after markets closed Thursday. “The remeasurement loss for non-U.S. plans was largely driven by changes in key plan measurement assumptions, such as improved life expectancy.”
