Ford Motor changes pension reporting, sees rise in 2015 profit

Ford Motor changes pension reporting
Ford Motor changes pension reporting

Ford Motor said on Thursday it will restate its financial results since 2011 and show a $1.5 billion rise in 2015 pretax profit because it is moving to a mark-to-market method of reporting pension expenses.

Ford's forecast for 2015 operating profit is now $10 billion to $11 billion, up from $8.5 billion to $9.5 billion.

Mark-to-market, also called immediate recognition reporting, allows Ford to report the impact of pensions on its balance sheet in the year they occur, rather than "smoothing" them over a period of several years.