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## RESULTS OF OPERATIONS 

Certain prior-year amounts have been reclassified to conform to current period presentation. 

## FULL-YEAR 2004 RESULTS OF OPERATIONS 

Our worldwide net income was $3.5 billion or $1.73 per share of Common and Class B stock in 2004, up $3.0 billion from a profit of $495 million or $0.27 per share in 2003. 

Results by business sector for 2004, 2003, and 2002 are shown below (in millions): 

<img src='content_image/121876.jpg'>

a/ Primarily related to Ford Europe’s consolidated less-than-100%-owned affiliates. 

b/ Related to adoption of FIN 46 in 2003 and the adoption of Statement of Financial Accounting Standards No. 142 in 2002 (see Notes 16 and 9, respectively, of the Notes to the Financial Statements). 

Included in Income/(loss) before income taxes  are items we do not consider indicative of our ongoing operating activities (“special items”). The following table details the 2004 special items by business unit (in millions): 

<img src='content_image/121877.jpg'>

See “Automotive Sector Results of Operations – 2004 Compared with 2003” below for discussion of special items. 

