Ford Motor (F) 8-K Ford Announces First Quarter Financial Results

Exhibit 99.4

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

	March 31,			December 31,
	2004			2003
ASSETS	(unaudited)
Automotive
Cash and cash equivalents	$	4,664		$	5,427
Marketable securities		8,405			10,749
Loaned securities		9,344			5,667
Total cash, marketable and loaned securities		22,413			21,843
Receivables, net		3,020			2,721
Inventories		10,193			9,181
Deferred income taxes		3,269			3,225
Other current assets		10,806			6,839
Total current assets		49,701			43,809
Equity in net assets of affiliated companies		1,990			1,930
Net property		41,168			41,993
Deferred income taxes		10,918			12,092
Goodwill and other intangible assets		6,170			6,254
Assets of discontinued/held-for-sale operations		71			68
Other assets		15,261			14,495
Total Automotive assets		125,279			120,641
Financial Services
Cash and cash equivalents		13,526			16,343
Investments in securities		938			1,123
Finance receivables, net		109,867			110,893
Net investment in operating leases		31,293			31,859
Retained interest in sold receivables		13,369			13,017
Goodwill and other intangible assets		1,003			1,008
Assets of discontinued/held-for-sale operations		377			388
Other assets		14,437			17,292
Receivable from Automotive		2,820			3,356
Total Financial Services assets		187,630			195,279
Total assets	$	312,909		$	315,920
LIABILITIES AND STOCKHOLDERS’ EQUITY
Automotive
Trade payables	$	16,980		$	15,289
Other payables		7,196			2,942
Accrued liabilities		32,877			32,171
Debt payable within one year		879			1,806
Current payable to Financial Services		29			124
Total current liabilities		57,961			52,332
Senior debt		13,346			13,832
Subordinated debt		5,155			5,155
Total long-term debt		18,501			18,987
Other liabilities		44,103			45,104
Deferred income taxes		1,903			2,352
Liabilities of discontinued/held-for-sale operations		109			94
Payable to Financial Services		2,791			3,232
Total Automotive liabilities		125,368			122,101
Financial Services
Payables		2,369			2,189
Debt		152,066			159,011
Deferred income taxes		11,039			11,061
Other liabilities and deferred income		8,409			9,211
Liabilities of discontinued/held-for-sale operations		36			37
Total Financial Services liabilities		173,919			181,509
Minority interests		740			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		5,373			5,374
Accumulated other comprehensive income/(loss)		(913	)		(414	)
Treasury stock		(1,787	)		(1,749	)
Earnings retained for use in business		10,190			8,421
Total stockholders’ equity		12,882			11,651
Total liabilities and stockholders’ equity	$	312,909		$	315,920