F Ford Motor Company

   By Colin Kellaher 
 

Ford Motor Co. (F) on Wednesday said its fourth-quarter results will include an $877 million pretax remeasurement loss related to its pension and retirement plans due to the decline in financial markets at the end of last year.

The auto maker said the year-end revaluation of its global pension and other post-retirement employee benefits plans, known as a pension mark-to-market adjustment, was almost exclusively related to lower returns after markets deteriorated at the end of the quarter.

Ford reported a preliminary loss of $116 million for the quarter, due in part to the pension charge.

Despite the mark-to-market loss, Ford said its funded pension plans remain fully funded thanks to its de-risking strategy.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 16, 2019 06:58 ET (11:58 GMT)

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