“We now expect commodity headwinds of just above $2 billion, about $1 billion higher than our previous estimate, largely due to higher aluminum pricing driven by global supply constraints.”

How to check this claim

Look at: Full-year commodity cost headwind (as disclosed by company, in dollars)

It came true if: Reported full-year commodity headwind just above $2 billion (approximately $2.0-$2.3 billion)

Where: Company earnings release / 10-K / management commentary on Q4 or full-year earnings call

Verify independently

SEC filings for F ↗ · Claim quote is verbatim from the 2026Q1 earnings call.