Item 1. Legal Proceedings
ITEM 1. Legal Proceedings.
ENVIRONMENTAL MATTERS
We have no legal proceedings arising under any federal, state, or local provisions that have been enacted or adopted regulating the discharge of materials into the environment or primarily for the purpose of protecting the environment, in which (i) a governmental authority is a party, and (ii) we believe there is the possibility of monetary sanctions (exclusive of interest and costs) in excess of $1 million.
OTHER MATTERS
Brazilian Tax Matters (as previously reported on page 30 of our 2021 Form 10-K Report and page 65 of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022). One Brazilian state (São Paulo) and the Brazilian federal tax authority currently have outstanding substantial tax assessments against Ford Motor Company Brasil Ltda. (“Ford Brazil”) related to state and federal tax incentives Ford Brazil received for its operations in the Brazilian state of Bahia. The São Paulo assessment is part of a broader conflict among various states in Brazil. The federal legislature enacted laws designed to encourage the states to end that conflict, and in 2017 the states reached an agreement on a framework for resolution. Ford Brazil continues to pursue a resolution under the framework and expects the amount of any remaining assessments by the states to be resolved under that framework. The federal assessments are outside the scope of the legislation.
All of the outstanding assessments have been appealed to the relevant administrative court of each jurisdiction. To proceed with an appeal within the judicial court system, an appellant may be required to post collateral. To date, we have not been required to post any collateral. If we are required to post collateral, which could be in excess of $1 billion, we expect it to be in the form of fixed assets, surety bonds, and/or letters of credit, but we may be required to post cash collateral. Although the ultimate resolution of these matters may take many years, we consider our overall risk of loss to be remote.
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ITEM 6. Exhibits.
Designation Description Method of Filing
Exhibit 31.1
Rule 15d-14(a) Certification of CEO. Filed with this Report.
Exhibit 31.2
Rule 15d-14(a) Certification of CFO. Filed with this Report.
Exhibit 32.1
Section 1350 Certification of CEO. Furnished with this Report.
Exhibit 32.2
Section 1350 Certification of CFO. Furnished with this Report.
Exhibit 101.INS Interactive Data Files pursuant to Rule 405 of Regulation S-T formatted in Inline Extensible Business Reporting Language (“Inline XBRL”). (a)
Exhibit 101.SCH XBRL Taxonomy Extension Schema Document. (a)
Exhibit 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document. (a)
Exhibit 101.LAB XBRL Taxonomy Extension Label Linkbase Document. (a)
Exhibit 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document. (a)
Exhibit 101.DEF XBRL Taxonomy Extension Definition Linkbase Document. (a)
Exhibit 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101). (a)
__________
(a) Submitted electronically with this Report in accordance with the provisions of Regulation S-T.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
FORD MOTOR COMPANY
By: /s/ Cathy O’Callaghan
Cathy O’Callaghan, Controller
(principal accounting officer)
Date: July 27, 2022
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.