Ford Motor Company announced a pre-tax remeasurement gain of approximately $0.7 billion related to its pension and other postretirement employee benefits (OPEB) plans for the fourth quarter of 2024. The gain includes:

- A $0.3 billion loss for U.S. pension plans.
- A $0.9 billion gain for pension plans outside the U.S.
- A $0.1 billion gain for global OPEB plans.

The remeasurement gain, driven by higher discount rates compared to year-end 2023 but partially offset by lower-than-expected asset returns, will increase Ford's net income by $0.4 billion after taxes. Since this is classified as a special item, it will not impact the company's adjusted EBIT or adjusted earnings per share.

Ford stated that this remeasurement had no cash impact in 2024 and does not alter expectations for 2025 pension contributions. At year-end 2024, the underfunded status for its pension plans is expected to be around $0.5 billion, down from $2.3 billion at year-end 2023, while OPEB plans are projected to have an underfunded status of $4.4 billion, compared to $4.7 billion the previous year. Ford emphasized that its funded plans remain fully funded.