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F Operating Expenses

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As of Q4'25, Ford's latest SG&A Expenses stand at $2.97B, while R&D Expenses remain at $0 for the entire period. This indicates that SG&A continues to be the sole contributor to operating expenses, with no reported R&D spending through the latest quarter. From Q1'23 to Q4'25, SG&A Expenses have shown moderate fluctuations, ranging from a low of $2.38B in Q1'24 to a high of $2.97B in Q4'25. Despite some quarter-to-quarter variability, the overall trend is relatively stable, with a slight upward movement towards the end of the period. The absence of R&D Expenses throughout this timeframe is notable, suggesting a consistent allocation of operating costs exclusively to SG&A activities.