A 2025 Ford Lightning electric vehicle (EV) at a Ford dealership in Antioch, California, United States, on Thursday, December 18, 2025.
David Paul Morris | Bloomberg | Getty Images
DETROIT — Ford engine said it would report pretax charges of $600 million in its fourth-quarter results due to adjustments to its employee pension plans and other post-retirement benefits.
The Detroit automaker said the special charges, which will affect its net profit but not its adjusted results or cash flow, are being split between domestic plans and those outside the United States.
“The revaluation loss for the U.S. plans was largely due to actuarial losses relative to plan assumptions,” Ford said in a public statement after markets closed Thursday. “The revaluation loss for non-U.S. plans was largely due to changes in key plan measurement assumptions, such as improvement in life expectancy.”
On an after-tax basis, Ford said the revaluation loss is expected to decrease its net income by approximately $500 million, depending on the tax impact in jurisdictions where there are revaluation gains and losses.
Ford said its pension plans remain fully funded and the charges will not change its expectations for pension contributions in 2026.
The new special charges come on top of about $19.5 billion in special items the company disclosed last month related to a restructuring of its business priorities and a pullback from its investments in fully electric vehicles, most of which Ford said would occur during the fourth quarter.
Automakers typically exclude “special items” or one-time charges from their adjusted financial results to provide investors with a clearer picture of their ongoing core business activities.
Ford is expected to report fourth-quarter results after markets close on February 10.