50 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued) Sensitivity Analysis.  For returned vehicles, we face a risk that the amount we obtain from the vehicle sold at auction will be less than our estimate of the expected residual value for the vehicle. The impact of the change in assumptions on future auction values and return volumes would increase or decrease accumulated supplemental depreciation and depreciation expense over the remaining terms of the operating leases. The effect of the indicated increase / decrease in the assumptions for our United States Ford and Lincoln brand operating lease portfolio is as follows (in millions): Assumption Basis Point Change Increase / (Decrease) Future auction values + / - 100 bps $(124) / $124 Return volumes + / - 100 13 / (13) Accounting Standards Issued But Not Yet Adopted Adjustments to the amount of accumulated supplemental depreciation on operating leases would be reflected on our balance sheets as  Net investment in operating leases  and on the income statements in  Depreciation on vehicles subject to operating leases. The Financial Accounting Standards Board has issued the following Accounting Standards Updates (“ASU”) which are not expected to have a material impact (with the exception of ASU 2019-12 which is being evaluated) to our financial statements or financial statement disclosures. For additional information, see Note 2 of the Notes to the Financial Statements. __________ We expect full-year 2021 EBT to be improved compared to 2020. Outlook (a) Early adoption for each of the standards is permitted. (b) For additional information see Note 2 of our Notes to the Financial Statements. Standard Effective Date (a) 2019-12 Simplifying the Accounting for Income Taxes January 1, 2021 (b) 2020-06 Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity January 1, 2022