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FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables) | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Ford Credit finance receivables, net were as follows (in millions):
| December 31, 2024 |  | September 30, 2025
Consumer |  |  |
Retail installment contracts, gross | $ | 79,459 |  |  | $ | 78,884 |
Finance leases, gross | 8,357 |  |  | 9,287 |
Retail financing, gross | 87,816 |  |  | 88,171 |
Unearned interest supplements | (4,598) |  |  | (4,333) |
Consumer finance receivables | 83,218 |  |  | 83,838 |
Non-Consumer |  |  |
Dealer financing | 29,282 |  |  | 25,420 |
Non-Consumer finance receivables | 29,282 |  |  | 25,420 |
Total recorded investment | $ | 112,500 |  |  | $ | 109,258 |
Recorded investment in finance receivables | $ | 112,500 |  |  | $ | 109,258 |
Allowance for credit losses | (864) |  |  | (897) |
Total finance receivables, net | $ | 111,636 |  |  | $ | 108,361 |
Current portion | $ | 51,850 |  |  | $ | 48,214 |
Non-current portion | 59,786 |  |  | 60,147 |
Total finance receivables, net | $ | 111,636 |  |  | $ | 108,361 |
Net finance receivables subject to fair value (a) | $ | 103,755 |  |  | $ | 99,610 |
Fair value (b) | 103,231 |  |  | 100,501 |
__________ (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.
Schedule of Credit Quality | The credit quality analysis of consumer receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):
|  | Amortized Cost Basis by Origination Year |  |  |  |
|  | Prior to 2020 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Total |  | Percent
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 - 60 days past due |  | $ | 43 |  |  | $ | 93 |  |  | $ | 104 |  |  | $ | 187 |  |  | $ | 242 |  |  | $ | 203 |  |  | $ | 872 |  |  | 1.0 | %
Greater than 60 days past due |  | 15 |  |  | 27 |  |  | 35 |  |  | 57 |  |  | 82 |  |  | 59 |  |  | 275 |  |  | 0.4 |
Total past due |  | 58 |  |  | 120 |  |  | 139 |  |  | 244 |  |  | 324 |  |  | 262 |  |  | 1,147 |  |  | 1.4 |
Current |  | 788 |  |  | 3,162 |  |  | 5,458 |  |  | 12,275 |  |  | 24,153 |  |  | 36,235 |  |  | 82,071 |  |  | 98.6 |
Total |  | $ | 846 |  |  | $ | 3,282 |  |  | $ | 5,597 |  |  | $ | 12,519 |  |  | $ | 24,477 |  |  | $ | 36,497 |  |  | $ | 83,218 |  |  | 100.0 | %
Gross charge-offs |  | $ | 46 |  |  | $ | 58 |  |  | $ | 71 |  |  | $ | 152 |  |  | $ | 191 |  |  | $ | 50 |  |  | $ | 568 |  |  |
The credit quality analysis of consumer receivables at September 30, 2025 and gross charge-offs during the first nine months of 2025 were as follows (in millions):
|  | Amortized Cost Basis by Origination Year |  |  |  |
|  | Prior to 2021 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Total |  | Percent
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 - 60 days past due |  | $ | 67 |  |  | $ | 67 |  |  | $ | 136 |  |  | $ | 201 |  |  | $ | 237 |  |  | $ | 95 |  |  | $ | 803 |  |  | 1.0 | %
Greater than 60 days past due |  | 23 |  |  | 25 |  |  | 48 |  |  | 67 |  |  | 77 |  |  | 41 |  |  | 281 |  |  | 0.3 |
Total past due |  | 90 |  |  | 92 |  |  | 184 |  |  | 268 |  |  | 314 |  |  | 136 |  |  | 1,084 |  |  | 1.3 |
Current |  | 1,629 |  |  | 2,880 |  |  | 7,632 |  |  | 17,410 |  |  | 29,372 |  |  | 23,831 |  |  | 82,754 |  |  | 98.7 |
Total |  | $ | 1,719 |  |  | $ | 2,972 |  |  | $ | 7,816 |  |  | $ | 17,678 |  |  | $ | 29,686 |  |  | $ | 23,967 |  |  | $ | 83,838 |  |  | 100.0 | %
Gross charge-offs |  | $ | 44 |  |  | $ | 43 |  |  | $ | 96 |  |  | $ | 142 |  |  | $ | 148 |  |  | $ | 17 |  |  | $ | 490 |  |  |
Shedule of Credit Quality Analysis | The credit quality analysis of dealer financing receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):
|  | Amortized Cost Basis by Origination Year |  | Wholesale Loans |  |  |  |
|  | Dealer Loans |  |  |  |  |
|  | Prior to 2020 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Total |  |  | Total |  | Percent
Group I |  | $ | 270 |  |  | $ | 63 |  |  | $ | 97 |  |  | $ | 47 |  |  | $ | 217 |  |  | $ | 245 |  |  | $ | 939 |  |  | $ | 25,257 |  |  | $ | 26,196 |  |  | 89.4 | %
Group II |  | 13 |  |  | — |  |  | 3 |  |  | 1 |  |  | 28 |  |  | 31 |  |  | 76 |  |  | 2,494 |  |  | 2,570 |  |  | 8.8 |
Group III |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 1 |  |  | 4 |  |  | 7 |  |  | 462 |  |  | 469 |  |  | 1.6 |
Group IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 46 |  |  | 47 |  |  | 0.2 |
Total (a) |  | $ | 283 |  |  | $ | 63 |  |  | $ | 102 |  |  | $ | 48 |  |  | $ | 246 |  |  | $ | 281 |  |  | $ | 1,023 |  |  | $ | 28,259 |  |  | $ | 29,282 |  |  | 100.0 | %
Gross charge-offs | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 7 |  |  |
__________ (a)Total past due dealer financing receivables at December 31, 2024 were $8 million. The credit quality analysis of dealer financing receivables at September 30, 2025 and gross charge-offs during the first nine months of 2025 were as follows (in millions):
| Amortized Cost Basis by Origination Year |  | Wholesale Loans |  |  |  |
| Dealer Loans |  |  |  |  |
| Prior to 2021 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Total |  |  | Total |  | Percent
Group I | $ | 295 |  |  | $ | 70 |  |  | $ | 33 |  |  | $ | 171 |  |  | $ | 82 |  |  | $ | 169 |  |  | $ | 820 |  |  | $ | 20,352 |  |  | $ | 21,172 |  |  | 83.3 | %
Group II | 26 |  |  | 8 |  |  | 3 |  |  | 34 |  |  | 47 |  |  | 34 |  |  | 152 |  |  | 3,519 |  |  | 3,671 |  |  | 14.4 |
Group III | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 5 |  |  | 7 |  |  | 526 |  |  | 533 |  |  | 2.1 |
Group IV | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 5 |  |  | 6 |  |  | 38 |  |  | 44 |  |  | 0.2 |
Total (a) | $ | 321 |  |  | $ | 78 |  |  | $ | 36 |  |  | $ | 206 |  |  | $ | 131 |  |  | $ | 213 |  |  | $ | 985 |  |  | $ | 24,435 |  |  | $ | 25,420 |  |  | 100.0 | %
Gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | 10 |  |  | $ | 13 |  |  |
__________ (a)Total past due dealer financing receivables at September 30, 2025 were $6 million.
Schedule of Allowance for Credit Losses | An analysis of the allowance for credit losses related to finance receivables for the periods ended September 30 was as follows (in millions):
| Third Quarter 2024 |  | First Nine Months 2024
| Consumer |  | Non-Consumer |  | Total |  | Consumer |  | Non-Consumer |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 876 |  |  | $ | 4 |  |  | $ | 880 |  |  | $ | 879 |  |  | $ | 3 |  |  | $ | 882 |
Charge-offs | (155) |  |  | — |  |  | (155) |  |  | (408) |  |  | (7) |  |  | (415) |
Recoveries | 41 |  |  | — |  |  | 41 |  |  | 122 |  |  | 3 |  |  | 125 |
Provision for credit losses | 99 |  |  | — |  |  | 99 |  |  | 277 |  |  | 5 |  |  | 282 |
Other (a) | (3) |  |  | — |  |  | (3) |  |  | (12) |  |  | — |  |  | (12) |
Ending balance | $ | 858 |  |  | $ | 4 |  |  | $ | 862 |  |  | $ | 858 |  |  | $ | 4 |  |  | $ | 862 |
| Third Quarter 2025 |  | First Nine Months 2025
| Consumer |  | Non-Consumer |  | Total |  | Consumer |  | Non-Consumer |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 885 |  |  | $ | 5 |  |  | $ | 890 |  |  | $ | 860 |  |  | $ | 4 |  |  | $ | 864 |
Charge-offs | (177) |  |  | 1 |  |  | (176) |  |  | (490) |  |  | (13) |  |  | (503) |
Recoveries | 48 |  |  | — |  |  | 48 |  |  | 133 |  |  | — |  |  | 133 |
Provision for credit losses | 134 |  |  | 1 |  |  | 135 |  |  | 374 |  |  | 15 |  |  | 389 |
Other (a) | — |  |  | — |  |  | — |  |  | 13 |  |  | 1 |  |  | 14 |
Ending balance | $ | 890 |  |  | $ | 7 |  |  | $ | 897 |  |  | $ | 890 |  |  | $ | 7 |  |  | $ | 897 |
__________ (a) Primarily represents amounts related to foreign currency 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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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