Ford Motor (F) 8-K Financial statements and exhibits

Exhibit 99.4

Ford Motor Company and Subsidiaries
SECTOR BALANCE SHEET
(in millions)

			December 31,			December 31,
			2003			2002
			(unaudited)
ASSETS
Automotive
Cash and cash equivalents			$	5,427		$	5,157
Marketable securities				10,749			17,464
Loaned securities				5,667			—
		Total cash, marketable and loaned securities		21,843			22,621
Receivables, net				2,721			2,047
Inventories				9,181			6,977
Deferred income taxes				3,225			3,462
Other current assets				6,052			4,547
Current receivable from Financial Services				—			1,062
		Total current assets		43,022			40,716
Equity in net assets of affiliated companies				1,930			2,470
Net property				41,993			36,352
Deferred income taxes				12,092			11,694
Goodwill				5,378			4,719
Other intangible assets				876			812
Assets of discontinued/held-for-sale operations				68			246
Other assets				15,282			10,781
		Total Automotive assets		120,641			107,790
Financial Services
Cash and cash equivalents				16,343			7,064
Investments in securities				1,123			807
Finance receivables, net				110,893			97,007
Net investment in operating leases				31,859			39,727
Retained interest in sold receivables				13,017			17,618
Goodwill				769			749
Other intangible assets				239			248
Assets of discontinued/held-for-sale operations				388			2,783
Other assets				17,292			16,626
Receivable from Automotive				3,356			4,803
		Total Financial Services assets		195,279			187,432
		Total assets	$	315,920		$	295,222
LIABILITIES AND STOCKHOLDERS’ EQUITY
Automotive
Trade payables			$	15,289		$	14,579
Other payables				2,942			2,471
Accrued liabilities				32,171			27,615
Debt payable within one year				1,806			551
Current payable to Financial Services				124			—
		Total current liabilities		52,332			45,216
Senior debt				13,832			13,607
Subordinated debt				5,155			—
	Total long-term debt			18,987			13,607
Other liabilities				45,104			46,887
Deferred income taxes				2,352			303
Liabilities of discontinued/held-for-sale operations				94			213
Payable to Financial Services				3,232			4,803
		Total Automotive liabilities		122,101			111,029
Financial Services
Payables				2,189			1,886
Debt				159,011			148,054
Deferred income taxes				11,061			11,629
Other liabilities and deferred income				9,211			9,441
Liabilities of discontinued/held-for-sale operations				37			861
Payable to Automotive				—			1,062
		Total Financial Services liabilities		181,509			172,933
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated debentures of the Company				—			5,670
Minority interests				659			—
Stockholders’ equity
Capital stock
	Common Stock, par value $0.01 per share (1,837 million shares issued)			18			18
	Class B Stock, par value $0.01 per share (71 million shares issued)			1			1
Capital in excess of par value of stock				5,374			5,420
Accumulated other comprehensive income/(loss)				(414	)		(6,531	)
Treasury stock				(1,749	)		(1,977	)
Earnings retained for use in business				8,421			8,659
		Total stockholders’ equity		11,651			5,590
		Total liabilities and stockholders’ equity	$	315,920		$	295,222