Ford to Take $2.2 Billion Charge Related to Pension Plans

Ford says charge will reduce fourth-quarter net income by $1.7 billion
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Ford Motor Co.  (F) - Get Report said in a regulatory filing it plans to take a $2.2 billion charge in the fourth quarter related to pension costs that will cut net income by about $1.7 billion for the period. 

The charge includes a $2 billion loss associated with plans outside the U.S, and $600 million loss tied to other post-employment benefit plans. The losses will be partially offset by a $400 million gain related to pension plans in the U.S.

The company said the loss will not affect EBIT or adjusted earnings per share because it is a special item.

Shares of Ford edged up in after-hours trading, gaining 1 cent to $9.17.