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REVENUE | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE The following tables disaggregate our revenue by major source for the periods ended September 30 (in millions):
| Third Quarter 2024
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 41,665 |  |  | $ | — |  |  | $ | 41,665 |
Used vehicles | 532 |  |  | — |  |  | 532 |
Services and other revenue (a) | 818 |  |  | 23 |  |  | 841 |
Revenues from sales and services | 43,015 |  |  | 23 |  |  | 43,038 |
Leasing income | 54 |  |  | 1,065 |  |  | 1,119 |
Financing income | — |  |  | 2,002 |  |  | 2,002 |
Insurance income | — |  |  | 37 |  |  | 37 |
Total revenues | $ | 43,069 |  |  | $ | 3,127 |  |  | $ | 46,196 |
| Third Quarter 2025
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 45,492 |  |  | $ | — |  |  | $ | 45,492 |
Used vehicles | 687 |  |  | — |  |  | 687 |
Services and other revenue (a) | 902 |  |  | 24 |  |  | 926 |
Revenues from sales and services | 47,081 |  |  | 24 |  |  | 47,105 |
Leasing income | 104 |  |  | 1,245 |  |  | 1,349 |
Financing income | — |  |  | 2,040 |  |  | 2,040 |
Insurance income | — |  |  | 40 |  |  | 40 |
Total revenues | $ | 47,185 |  |  | $ | 3,349 |  |  | $ | 50,534 |
| First Nine Months 2024
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 123,852 |  |  | $ | — |  |  | $ | 123,852 |
Used vehicles | 1,531 |  |  | — |  |  | 1,531 |
Services and other revenue (a) | 2,232 |  |  | 85 |  |  | 2,317 |
Revenues from sales and services | 127,615 |  |  | 85 |  |  | 127,700 |
Leasing income | 155 |  |  | 3,112 |  |  | 3,267 |
Financing income | — |  |  | 5,710 |  |  | 5,710 |
Insurance income | — |  |  | 104 |  |  | 104 |
Total revenues | $ | 127,770 |  |  | $ | 9,011 |  |  | $ | 136,781 |
| First Nine Months 2025
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 126,561 |  |  | $ | — |  |  | $ | 126,561 |
Used vehicles | 2,152 |  |  | — |  |  | 2,152 |
Services and other revenue (a) | 2,589 |  |  | 61 |  |  | 2,650 |
Revenues from sales and services | 131,302 |  |  | 61 |  |  | 131,363 |
Leasing income | 248 |  |  | 3,552 |  |  | 3,800 |
Financing income | — |  |  | 6,094 |  |  | 6,094 |
Insurance income | — |  |  | 120 |  |  | 120 |
Total revenues | $ | 131,550 |  |  | $ | 9,827 |  |  | $ | 141,377 |
__________ (a)Includes extended service contract revenue. NOTE 3. REVENUE (Continued) The amount of consideration we receive and revenue we recognize on our vehicles, parts, and accessories varies with changes in return rights, marketing incentives we offer to our customers and their customers, and other pricing adjustments. Estimates of marketing incentives and other pricing adjustments are based on our expectation of retail and fleet sales volumes, mix of products to be sold, competitor actions, and incentive programs to be offered. Customer acceptance of products and programs, as well as other market conditions, will impact these estimates. As a result of changes in our estimate of variable consideration (e.g., marketing incentives), we recorded a decrease in revenue of $329 million in the third quarter of 2024 and an increase in revenue of $163 million in the third quarter of 2025 related to revenue recognized in prior periods. We had a balance of $5.3 billion and $6.0 billion of unearned revenue associated primarily with outstanding extended service contracts reported in Other liabilities and deferred revenue at December 31, 2024 and September 30, 2025, respectively. We expect to recognize approximately $500 million of the unearned amount in the remainder of 2025, $1.8 billion in 2026, and $3.7 billion thereafter. We recognized $472 million and $525 million of unearned amounts from prior years as revenue during the third quarter of 2024 and 2025, respectively, and $1.3 billion and $1.5 billion in the first nine months of 2024 and 2025, respectively. Amounts paid to dealers to obtain extended service contracts are deferred and recorded as Other assets. Our deferred cost balances were $312 million and $314 million as of December 31, 2024 and September 30, 2025, respectively. We recognized $26 million and $27 million of amortization during the third quarter of 2024 and 2025, respectively, and $79 million in both the first nine months of 2024 and 2025.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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