In February 2007, the FASB issued SFAS No.159 “The Fair Value Option for Financial Assets and Liabilities—Including an amendment of FASB Statement No.115” (SFAS No.159).
This statement provides companies with an option to report selected financial assets and liabilities at fair value and establishes presentation and disclosure requirements designed to facilitate comparisons between companies that choose different measurement attributes for similar types of assets and liabilities.
SFAS No.159 is effective for us as of January 1, 2008.
We are in the process of evaluating the impact that SFAS No.159 will have on our consolidated financial statements.
Information Presented Pursuant to the Indentures of our 7.50% Notes, 7.125% Notes and ATI 7.25% Notes The following table sets forth information that is presented solely to address certain tower cash flow reporting requirements contained in the indentures for our 7.50% Notes, 7.125% Notes and ATI 7.25% Notes (collectively, the Notes).
The information contained in note 20 to our consolidated financial statements is also presented to address certain reporting requirements contained in the indenture for our ATI 7.25% Notes.
The indentures governing the Notes contain restrictive covenants with which we and certain subsidiaries under these indentures must comply.
These include restrictions on our ability to incur additional debt, guarantee debt, pay dividends and make other distributions and make certain investments.
Any failure to comply with these covenants would constitute a default, which could result in the acceleration of the principal amount and accrued and unpaid interest on all the outstanding Notes.
In order for the holders of the Notes to assess our compliance with certain of these covenants, the indentures require us to disclose in the periodic reports we file with the SEC our Tower Cash Flow, Adjusted Consolidated Cash Flow and Non-Tower Cash Flow (each as defined in the indentures).
Under the indentures, our ability to make certain types of restricted payments is limited by the amount of Adjusted Consolidated Cash Flow that we generate, which is determined based on our Tower Cash Flow and Non-Tower Cash Flow.
In addition, the indentures for the Notes restrict us from incurring additional debt or issuing certain types of preferred stock if on a pro forma basis the issuance of such debt and preferred stock would cause our consolidated debt to be greater than 7.5 times our Adjusted Consolidated Cash Flow.
As of December 31, 2006, the ratio of our consolidated debt to Adjusted Consolidated Cash Flow was approximately 4.6.
For more information about the restrictions under our notes indentures, see note 7 to our consolidated financial statements included in this annual report and the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Factors Affecting Sources of Liquidity.
” Tower Cash Flow, Adjusted Consolidated Cash Flow and Non-Tower Cash Flow are considered non-GAAP financial measures.
We are required to provide these financial metrics by the indentures for the Notes, and we have included them below because we consider the indentures for the Notes to be material agreements, the covenants related to Tower Cash Flow, Adjusted Consolidated Cash Flow and Non-Tower Cash Flow to be material terms of the indentures, and information about compliance with such covenants to be material to an investor’s understanding of our financial results and the impact of those results on our liquidity.
These financial metrics do not include the results of SpectraSite or its subsidiaries because such entities are unrestricted subsidiaries under the indentures for the Notes.
The following table presents Tower Cash Flow, Adjusted Consolidated Cash Flow and Non-Tower Cash Flow for the Company and its restricted subsidiaries, as defined in the indentures for the applicable notes (in thousands):
## Table 0 ##
FORD MOTOR COMPANY AND SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS 142 NOTE 27.
GEOGRAPHIC INFORMATION The following table shows Total Company revenues and long-lived assets, split geographically by our country of domicile, the United States, and other countries where our major subsidiaries are domiciled, for the years ended December 31 (in millions):
## Table 1 ##
(a) Includes Net property from our consolidated balance sheet and Financial Services Net investment in operating leases from the sector balance sheet.
NOTE 28.
SELECTED QUARTERLY FINANCIAL DATA (unaudited) Selected financial data by calendar quarter were as follows (in millions, except per share amounts):
## Table 2 ##
Certain of the quarterly results identified above include material unusual or infrequently occurring items as follows: Results in the second, third, and fourth quarters of 2013 each include an unfavorable item for separation-related actions in Europe to support the Company’s transformation plan of $430 million, $215 million, and $113 million, respectively (see Note 21).
Results in the fourth quarter of 2012 and the second, third, and fourth quarters of 2013 each include an unfavorable item related to the U. S.  salaried lump-sum pension buyout program of $250 million, $294 million, $145 million and $155 million, respectively (see Note 14).
The net income attributable to Ford Motor Company of $3 billion in the fourth quarter of 2013 includes favorable tax special items of $2.1 billion, including the impact of a one-time favorable increase in deferred tax assets related to investments in European operations and the release of valuation allowances held against other deferred tax assets (see Note 22).
The pre-tax income of $1.8 billion in the fourth quarter of 2012 includes a $625 million gain related to the reorganization of our equity investment in CFMA (see Note 23).
Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued) 48 Ford Credit plans its managed leverage by considering prevailing market conditions and the risk characteristics of its business.
At December 31, 2013, Ford Credit’s managed leverage was 8.5:1, compared with 8.3:1 at December 31, 2012.
In 2014, Ford Credit expects managed leverage to be in the range of 8:1 to 9:1.
In 2013, Ford Credit paid $445 million in distributions to its parent, Ford Holdings LLC.
Total Company Equity.
At December 31, 2013, Total equity attributable to Ford Motor Company was $26.4 billion, an increase of about $10.4 billion compared with December 31, 2012.
The increase primarily reflects favorable changes in Retained earnings, related to full-year 2013 Net income attributable to Ford Motor Company of $7.2 billion, offset partially by cash dividends declared of $1.6 billion, favorable changes in Accumulated other comprehensive income/(loss) of $4.6 billion, more than explained by favorable pension and OPEB adjustments, favorable changes in Capital in excess of par value of stock, related to compensation-related equity issuances of about $400 million, and changes in Treasury stock, related to stock re-purchases of about $200 million.
Credit Ratings.
Our short-term and long-term debt is rated by four credit rating agencies designated as nationally recognized statistical rating organizations (“NRSROs”) by the U. S.  Securities and Exchange Commission: ?
DBRS Limited (“DBRS”); ?
Fitch, Inc.  (“Fitch”); ?
Moody’s Investors Service, Inc.  (“Moody’s”); and ?
Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.  (“S&P”).
In several markets, locally-recognized rating agencies also rate us.
A credit rating reflects an assessment by the rating agency of the credit risk associated with a corporate entity or particular securities issued by that entity.
Rating agencies’ ratings of us are based on information provided by us and other sources.
Credit ratings are not recommendations to buy, sell, or hold securities, and are subject to revision or withdrawal at any time by the assigning rating agency.
Each rating agency may have different criteria for evaluating company risk and, therefore, ratings should be evaluated independently for each rating agency.
Lower credit ratings generally result in higher borrowing costs and reduced access to capital markets.
There have been no ratings actions taken by these NRSROs since the filing of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2013.
The following chart summarizes certain of the credit ratings and outlook presently assigned by these four NRSROs:

<table><tr><td>Tower Cash Flow, for the three months ended December 31, 2006</td><td>$157,311</td></tr><tr><td>Consolidated Cash Flow, for the twelve months ended December 31, 2006</td><td>$591, 050</td></tr><tr><td>Less: Tower Cash Flow, for the twelve months ended December 31, 2006</td><td>-612,366</td></tr><tr><td>Plus: four times Tower Cash Flow, for the three months ended December 31, 2006</td><td>629,244</td></tr><tr><td>Adjusted Consolidated Cash Flow, for the twelve months ended December 31, 2006</td><td>$607,928</td></tr><tr><td>Non-Tower Cash Flow, for the twelve months ended December 31, 2006</td><td>$-22,614</td></tr></table>
<table><tr><td></td><td colspan="2">2013</td><td colspan="2">2012</td><td colspan="2">2011</td></tr><tr><td></td><td>Revenues</td><td>Long-LivedAssets (a)</td><td>Revenues</td><td>Long-LivedAssets (a)</td><td>Revenues</td><td>Long-LivedAssets (a)</td></tr><tr><td>United States</td><td>$85,459</td><td>$28,276</td><td>$76,055</td><td>$22,986</td><td>$70,839</td><td>$18,514</td></tr><tr><td>United Kingdom</td><td>10,038</td><td>1,503</td><td>9,208</td><td>1,668</td><td>9,479</td><td>1,721</td></tr><tr><td>Canada</td><td>9,729</td><td>3,154</td><td>9,470</td><td>2,580</td><td>9,415</td><td>2,424</td></tr><tr><td>Germany</td><td>8,600</td><td>2,635</td><td>8,005</td><td>2,719</td><td>8,493</td><td>2,996</td></tr><tr><td>Mexico</td><td>1,992</td><td>1,910</td><td>1,818</td><td>1,990</td><td>1,920</td><td>1,419</td></tr><tr><td>All Other</td><td>31,099</td><td>8,738</td><td>29,003</td><td>6,887</td><td>35,459</td><td>5,817</td></tr><tr><td>Total Company</td><td>$146,917</td><td>$46,216</td><td>$133,559</td><td>$38,830</td><td>$135,605</td><td>$32,891</td></tr></table>
<table><tr><td></td><td colspan="4">2013</td><td colspan="4">2012</td></tr><tr><td>Automotive Sector</td><td>FirstQuarter</td><td>SecondQuarter</td><td>ThirdQuarter</td><td>FourthQuarter</td><td>FirstQuarter</td><td>SecondQuarter</td><td>ThirdQuarter</td><td>FourthQuarter</td></tr><tr><td>Revenues</td><td>$33,858</td><td>$36,079</td><td>$33,857</td><td>$35,575</td><td>$30,525</td><td>$31,328</td><td>$30,247</td><td>$34,467</td></tr><tr><td>Income before income taxes</td><td>1,620</td><td>1,368</td><td>1,728</td><td>613</td><td>1,582</td><td>1,148</td><td>1,858</td><td>1,422</td></tr><tr><td>Financial Services Sector</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Revenues</td><td>$1,791</td><td>$1,844</td><td>$1,918</td><td>$1,995</td><td>$1,758</td><td>$1,709</td><td>$1,744</td><td>$1,781</td></tr><tr><td>Income before income taxes</td><td>503</td><td>451</td><td>363</td><td>355</td><td>456</td><td>447</td><td>388</td><td>419</td></tr><tr><td>Total Company</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income before income taxes</td><td>$2,123</td><td>$1,819</td><td>$2,091</td><td>$968</td><td>$2,038</td><td>$1,595</td><td>$2,246</td><td>$1,841</td></tr><tr><td colspan="9">Amounts Attributable to Ford Motor Company Common and Class B Shareholders</td></tr><tr><td>Net income</td><td>$1,611</td><td>$1,233</td><td>$1,272</td><td>$3,039</td><td>$1,396</td><td>$1,040</td><td>$1,631</td><td>$1,598</td></tr><tr><td colspan="9">Common and Class B per share from income from continuing operations</td></tr><tr><td>Basic</td><td>$0.41</td><td>$0.31</td><td>$0.32</td><td>$0.77</td><td>$0.37</td><td>$0.27</td><td>$0.43</td><td>$0.42</td></tr><tr><td>Diluted</td><td>0.40</td><td>0.30</td><td>0.31</td><td>0.74</td><td>0.35</td><td>0.26</td><td>0.41</td><td>0.40</td></tr></table>

Question: Which year is the value of Revenues of Automotive Sector in the First Quarter larger?
Answer: 2013