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Ford Credit Finance Receivables and Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
Net finance receivables [Table Text Block] | Ford Credit finance receivables, net at December 31 were as follows (in millions):
| 2020 |  | 2021
Consumer |  |  |
Retail installment contracts, gross | $ | 73,631 |  |  | $ | 69,148 |
Finance leases, gross | 8,431 |  |  | 7,318 |
Retail financing, gross | 82,062 |  |  | 76,466 |
Unearned interest supplements | (3,987) |  |  | (3,020) |
Consumer finance receivables | 78,075 |  |  | 73,446 |
Non-Consumer |  |  |
Dealer financing | 20,908 |  |  | 11,278 |
Non-Consumer finance receivables | 20,908 |  |  | 11,278 |
Total recorded investment | $ | 98,983 |  |  | $ | 84,724 |
Recorded investment in finance receivables | $ | 98,983 |  |  | $ | 84,724 |
Allowance for credit losses | (1,305) |  |  | (925) |
Total finance receivables, net | $ | 97,678 |  |  | $ | 83,799 |
Current portion | $ | 42,401 |  |  | $ | 32,543 |
Non-current portion | 55,277 |  |  | 51,256 |
Total finance receivables, net | $ | 97,678 |  |  | $ | 83,799 |
Net finance receivables subject to fair value (a) | $ | 89,651 |  |  | $ | 76,796 |
Fair value (b) | 91,238 |  |  | 77,648 |
__________ (a)Net finance receivables subject to fair value exclude finance leases. (b)The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity [Table Text Block] | The amounts contractually due on Ford Credit’s finance leases at December 31 were as follows (in millions):
|  | 2021
2022 |  | $ | 2,190 |
2023 |  | 1,376 |
2024 |  | 897 |
2025 |  | 322 |
2026 |  | 52 |
Thereafter |  | — |
Total future cash payments |  | 4,837 |
Less: Present value discount |  | (206) |
Finance lease receivables |  | $ | 4,631 |
Sales-Type and Direct Financing Leases [Table Text Block] | The reconciliation from finance lease receivables to finance leases, gross and finance leases, net at December 31 is as follows (in millions):
| 2020 |  | 2021
Finance lease receivables | $ | 5,436 |  |  | $ | 4,631 |
Unguaranteed residual assets | 2,893 |  |  | 2,605 |
Initial direct costs | 102 |  |  | 82 |
Finance leases, gross | 8,431 |  |  | 7,318 |
Unearned interest supplements from Ford and affiliated companies | (337) |  |  | (274) |
Allowance for credit losses | (67) |  |  | (41) |
Finance leases, net | $ | 8,027 |  |  | $ | 7,003 |
Financing Receivable, Past Due | The credit quality analysis of consumer receivables at December 31, 2020 was as follows (in millions):
| Amortized Cost Basis by Origination Year |  |  |  |
| Prior to 2016 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | Total |  | Percent
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 - 60 days past due | $ | 45 |  |  | $ | 62 |  |  | $ | 103 |  |  | $ | 162 |  |  | $ | 166 |  |  | 143 |  | $ | 681 |  |  | 0.9 | %
61 - 120 days past due | 7 |  |  | 12 |  |  | 24 |  |  | 44 |  |  | 45 |  |  | 31 |  |  | 163 |  |  | 0.2 |
Greater than 120 days past due | 11 |  |  | 6 |  |  | 7 |  |  | 8 |  |  | 7 |  |  | 2 |  |  | 41 |  |  | — |
Total past due | 63 |  |  | 80 |  |  | 134 |  |  | 214 |  |  | 218 |  |  | 176 |  |  | 885 |  |  | 1.1 |
Current | 782 |  |  | 2,518 |  |  | 6,648 |  |  | 13,704 |  |  | 20,822 |  |  | 32,716 |  |  | 77,190 |  |  | 98.9 |
Total | $ | 845 |  |  | $ | 2,598 |  |  | $ | 6,782 |  |  | $ | 13,918 |  |  | $ | 21,040 |  |  | $ | 32,892 |  |  | $ | 78,075 |  |  | 100.0 | %
The credit quality analysis of consumer receivables at December 31, 2021 was as follows (in millions):
| Amortized Cost Basis by Origination Year |  |  |  |
| Prior to 2017 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Total |  | Percent
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 - 60 days past due | $ | 39 |  |  | $ | 52 |  |  | $ | 98 |  |  | $ | 120 |  |  | $ | 186 |  |  | $ | 91 |  |  | $ | 586 |  |  | 0.8 | %
61 - 120 days past due | 7 |  |  | 10 |  |  | 20 |  |  | 29 |  |  | 40 |  |  | 21 |  |  | 127 |  |  | 0.2 |
Greater than 120 days past due | 10 |  |  | 6 |  |  | 6 |  |  | 9 |  |  | 11 |  |  | 1 |  |  | 43 |  |  | — |
Total past due | 56 |  |  | 68 |  |  | 124 |  |  | 158 |  |  | 237 |  |  | 113 |  |  | 756 |  |  | 1.0 |
Current | 812 |  |  | 2,607 |  |  | 6,559 |  |  | 12,689 |  |  | 22,701 |  |  | 27,322 |  |  | 72,690 |  |  | 99.0 |
Total | $ | 868 |  |  | $ | 2,675 |  |  | $ | 6,683 |  |  | $ | 12,847 |  |  | $ | 22,938 |  |  | $ | 27,435 |  |  | $ | 73,446 |  |  | 100.0 | %
Financing receivable credit quality indicators [Table Text Block] | The credit quality analysis of dealer financing receivables at December 31, 2020 was as follows (in millions):
|  | Amortized Cost Basis by Origination Year |  | Wholesale Loans |  |  |  |
|  | Dealer Loans |  |  |  |  |
|  | Prior to 2016 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | Total |  |  | Total |  | Percent
Group I |  | $ | 503 |  |  | $ | 129 |  |  | $ | 110 |  |  | $ | 188 |  |  | $ | 70 |  |  | $ | 248 |  |  | $ | 1,248 |  |  | $ | 13,160 |  |  | $ | 14,408 |  |  | 68.9 | %
Group II |  | 38 |  |  | 20 |  |  | 11 |  |  | 35 |  |  | 3 |  |  | 87 |  |  | 194 |  |  | 4,680 |  |  | 4,874 |  |  | 23.3 |
Group III |  | 9 |  |  | — |  |  | 3 |  |  | 19 |  |  | 3 |  |  | 35 |  |  | 69 |  |  | 1,464 |  |  | 1,533 |  |  | 7.3 |
Group IV |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 6 |  |  | 10 |  |  | 83 |  |  | 93 |  |  | 0.5 |
Total (a) |  | $ | 552 |  |  | $ | 149 |  |  | $ | 124 |  |  | $ | 242 |  |  | $ | 78 |  |  | $ | 376 |  |  | $ | 1,521 |  |  | $ | 19,387 |  |  | $ | 20,908 |  |  | 100.0 | %
__________ (a)Total past due dealer financing receivables at December 31, 2020 were $99 million. The credit quality analysis of dealer financing receivables at December 31, 2021 was as follows (in millions):
| Amortized Cost Basis by Origination Year |  | Wholesale Loans |  |  |  |
| Dealer Loans |  |  |  |  |
| Prior to 2017 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Total |  |  | Total |  | Percent
Group I | $ | 391 |  |  | $ | 68 |  |  | $ | 151 |  |  | $ | 45 |  |  | $ | 109 |  |  | $ | 345 |  |  | $ | 1,109 |  |  | $ | 6,751 |  |  | $ | 7,860 |  |  | 69.7 | %
Group II | 11 |  |  | 7 |  |  | 26 |  |  | 2 |  |  | 4 |  |  | 54 |  |  | 104 |  |  | 2,689 |  |  | 2,793 |  |  | 24.8 |
Group III | 8 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | 20 |  |  | 30 |  |  | 529 |  |  | 559 |  |  | 4.9 |
Group IV | — |  |  | — |  |  | 4 |  |  | — |  |  | — |  |  | 6 |  |  | 10 |  |  | 56 |  |  | 66 |  |  | 0.6 |
Total (a) | $ | 410 |  |  | $ | 75 |  |  | $ | 182 |  |  | $ | 47 |  |  | $ | 114 |  |  | $ | 425 |  |  | $ | 1,253 |  |  | $ | 10,025 |  |  | $ | 11,278 |  |  | 100.0 | %
__________ (a)Total past due dealer financing receivables at December 31, 2021 were $62 million.
Allowance For Credit Losses on Financing And Loans And Leases Receivable [Table Text Block] | An analysis of the allowance for credit losses related to finance receivables for the years ended December 31 was as follows (in millions):
| 2020
| Consumer |  | Non-Consumer |  | Total
Allowance for credit losses |  |  |  |  |
Beginning balance | $ | 496 |  |  | $ | 17 |  |  | $ | 513 |
Adoption of ASU 2016-13 (a) | 247 |  |  | 5 |  |  | 252 |
Charge-offs | (441) |  |  | (29) |  |  | (470) |
Recoveries | 161 |  |  | 8 |  |  | 169 |
Provision for/(Benefit from) credit losses | 771 |  |  | 57 |  |  | 828 |
Other (b) | 11 |  |  | 2 |  |  | 13 |
Ending balance | $ | 1,245 |  |  | $ | 60 |  |  | $ | 1,305 |
| 2021
| Consumer |  | Non-Consumer |  | Total
Allowance for credit losses |  |  |  |  |
Beginning balance | $ | 1,245 |  |  | $ | 60 |  |  | $ | 1,305 |
Charge-offs | (272) |  |  | (3) |  |  | (275) |
Recoveries | 202 |  |  | 8 |  |  | 210 |
Provision for/(Benefit from) credit losses | (270) |  |  | (40) |  |  | (310) |
Other (b) | (2) |  |  | (3) |  |  | (5) |
Ending balance | $ | 903 |  |  | $ | 22 |  |  | $ | 925 |
__________ (a)On January 1, 2020, we adopted ASU 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments, which replaced the incurred loss impairment method with a method that reflects lifetime expected credit losses. We recognized the cumulative effect as a pre-tax adjustment to retained earnings as of January 1, 2020. (b)Primarily represents amounts related to translation adjustments.

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919391-209981 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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