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FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables) | 6 Months Ended
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Jun. 30, 2026
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Ford Credit finance receivables, net were as follows (in millions):
| December 31, 2025 |  | June 30, 2026
Consumer |  |  |
Retail installment contracts, gross | $ | 80,467 |  |  | $ | 77,504 |
Finance leases, gross | 9,274 |  |  | 8,890 |
Retail financing, gross | 89,741 |  |  | 86,394 |
Unearned interest supplements | (4,486) |  |  | (3,934) |
Consumer finance receivables | 85,255 |  |  | 82,460 |
Non-Consumer |  |  |
Dealer financing | 26,235 |  |  | 23,377 |
Non-Consumer finance receivables | 26,235 |  |  | 23,377 |
Total recorded investment | $ | 111,490 |  |  | $ | 105,837 |
Recorded investment in finance receivables | $ | 111,490 |  |  | $ | 105,837 |
Allowance for credit losses | (911) |  |  | (968) |
Total finance receivables, net | $ | 110,579 |  |  | $ | 104,869 |
Current portion | $ | 49,130 |  |  | $ | 45,451 |
Non-current portion | 61,449 |  |  | 59,418 |
Total finance receivables, net | $ | 110,579 |  |  | $ | 104,869 |
Net finance receivables subject to fair value (a) | $ | 101,822 |  |  | $ | 96,525 |
Fair value (b) | 102,499 |  |  | 96,645 |
__________ (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, 2025 and gross charge-offs during the year ended December 31, 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 |  | $ | 61 |  |  | $ | 65 |  |  | $ | 139 |  |  | $ | 228 |  |  | $ | 275 |  |  | $ | 166 |  |  | $ | 934 |  |  | 1.1 | %
Greater than 60 days past due |  | 21 |  |  | 24 |  |  | 51 |  |  | 75 |  |  | 89 |  |  | 60 |  |  | 320 |  |  | 0.4 |
Total past due |  | 82 |  |  | 89 |  |  | 190 |  |  | 303 |  |  | 364 |  |  | 226 |  |  | 1,254 |  |  | 1.5 |
Current |  | 1,139 |  |  | 2,206 |  |  | 6,290 |  |  | 15,071 |  |  | 26,716 |  |  | 32,579 |  |  | 84,001 |  |  | 98.5 |
Total |  | $ | 1,221 |  |  | $ | 2,295 |  |  | $ | 6,480 |  |  | $ | 15,374 |  |  | $ | 27,080 |  |  | $ | 32,805 |  |  | $ | 85,255 |  |  | 100.0 | %
Gross charge-offs |  | $ | 54 |  |  | $ | 54 |  |  | $ | 124 |  |  | $ | 187 |  |  | $ | 205 |  |  | $ | 42 |  |  | $ | 666 |  |  |
The credit quality analysis of consumer receivables at June 30, 2026 and gross charge-offs during the first half of 2026 were as follows (in millions):
|  | Amortized Cost Basis by Origination Year |  |  |  |
|  | Prior to 2022 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Total |  | Percent
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 - 60 days past due |  | $ | 74 |  |  | $ | 99 |  |  | $ | 175 |  |  | $ | 233 |  |  | $ | 199 |  |  | $ | 52 |  |  | $ | 832 |  |  | 1.0 | %
Greater than 60 days past due |  | 30 |  |  | 39 |  |  | 62 |  |  | 84 |  |  | 71 |  |  | 13 |  |  | 299 |  |  | 0.4 |
Total past due |  | 104 |  |  | 138 |  |  | 237 |  |  | 317 |  |  | 270 |  |  | 65 |  |  | 1,131 |  |  | 1.4 |
Current |  | 1,729 |  |  | 4,190 |  |  | 10,927 |  |  | 21,871 |  |  | 28,152 |  |  | 14,460 |  |  | 81,329 |  |  | 98.6 |
Total |  | $ | 1,833 |  |  | $ | 4,328 |  |  | $ | 11,164 |  |  | $ | 22,188 |  |  | $ | 28,422 |  |  | $ | 14,525 |  |  | $ | 82,460 |  |  | 100.0 | %
Gross charge-offs |  | $ | 32 |  |  | $ | 47 |  |  | $ | 83 |  |  | $ | 114 |  |  | $ | 79 |  |  | $ | 3 |  |  | $ | 358 |  |  |
Schedule of Credit Quality Analysis | The credit quality analysis of dealer financing receivables at December 31, 2025 and gross charge-offs during the year ended December 31, 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 |  | $ | 269 |  |  | $ | 68 |  |  | $ | 31 |  |  | $ | 149 |  |  | $ | 78 |  |  | $ | 268 |  |  | $ | 863 |  |  | $ | 20,608 |  |  | $ | 21,471 |  |  | 81.8 | %
Group II |  | 25 |  |  | 8 |  |  | 4 |  |  | 33 |  |  | 46 |  |  | 44 |  |  | 160 |  |  | 3,979 |  |  | 4,139 |  |  | 15.8 |
Group III |  | 1 |  |  | — |  |  | — |  |  | 2 |  |  | 1 |  |  | 11 |  |  | 15 |  |  | 584 |  |  | 599 |  |  | 2.3 |
Group IV |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |  |  | 24 |  |  | 26 |  |  | 0.1 |
Total (a) |  | $ | 295 |  |  | $ | 76 |  |  | $ | 35 |  |  | $ | 184 |  |  | $ | 125 |  |  | $ | 325 |  |  | $ | 1,040 |  |  | $ | 25,195 |  |  | $ | 26,235 |  |  | 100.0 | %
Gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 10 |  |  | $ | 11 |  |  |
__________ (a)Total past due dealer financing receivables at December 31, 2025 were $8 million. The credit quality analysis of dealer financing receivables at June 30, 2026 and gross charge-offs during the first half of 2026 were as follows (in millions):
| Amortized Cost Basis by Origination Year |  | Wholesale Loans |  |  |  |
| Dealer Loans |  |  |  |  |
| Prior to 2022 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Total |  |  | Total |  | Percent
Group I | $ | 280 |  |  | $ | 28 |  |  | $ | 138 |  |  | $ | 78 |  |  | $ | 166 |  |  | $ | 149 |  |  | $ | 839 |  |  | $ | 18,111 |  |  | $ | 18,950 |  |  | 81.1 | %
Group II | 34 |  |  | 3 |  |  | 34 |  |  | 47 |  |  | 24 |  |  | 29 |  |  | 171 |  |  | 3,554 |  |  | 3,725 |  |  | 15.9 |
Group III | 6 |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 6 |  |  | 14 |  |  | 659 |  |  | 673 |  |  | 2.9 |
Group IV | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | 28 |  |  | 29 |  |  | 0.1 |
Total (a) | $ | 320 |  |  | $ | 31 |  |  | $ | 172 |  |  | $ | 126 |  |  | $ | 192 |  |  | $ | 184 |  |  | $ | 1,025 |  |  | $ | 22,352 |  |  | $ | 23,377 |  |  | 100.0 | %
Gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | 5 |  |  |
__________ (a)Total past due dealer financing receivables at June 30, 2026 were $8 million.
Schedule of Allowance for Credit Losses | An analysis of the allowance for credit losses related to finance receivables for the periods ended June 30 was as follows (in millions):
| Second Quarter 2025 |  | First Half 2025
| Consumer |  | Non-Consumer |  | Total |  | Consumer |  | Non-Consumer |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 872 |  |  | $ | 9 |  |  | $ | 881 |  |  | $ | 860 |  |  | $ | 4 |  |  | $ | 864 |
Charge-offs | (147) |  |  | (13) |  |  | (160) |  |  | (313) |  |  | (14) |  |  | (327) |
Recoveries | 45 |  |  | — |  |  | 45 |  |  | 85 |  |  | — |  |  | 85 |
Provision for credit losses | 105 |  |  | 9 |  |  | 114 |  |  | 240 |  |  | 14 |  |  | 254 |
Other (a) | 10 |  |  | — |  |  | 10 |  |  | 13 |  |  | 1 |  |  | 14 |
Ending balance | $ | 885 |  |  | $ | 5 |  |  | $ | 890 |  |  | $ | 885 |  |  | $ | 5 |  |  | $ | 890 |
| Second Quarter 2026 |  | First Half 2026
| Consumer |  | Non-Consumer |  | Total |  | Consumer |  | Non-Consumer |  | Total
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 929 |  |  | $ | 8 |  |  | $ | 937 |  |  | $ | 902 |  |  | $ | 9 |  |  | $ | 911 |
Charge-offs | (161) |  |  | — |  |  | (161) |  |  | (358) |  |  | (5) |  |  | (363) |
Recoveries | 48 |  |  | 4 |  |  | 52 |  |  | 94 |  |  | 5 |  |  | 99 |
Provision for credit losses | 147 |  |  | 3 |  |  | 150 |  |  | 316 |  |  | 6 |  |  | 322 |
Other (a) | (10) |  |  | — |  |  | (10) |  |  | (1) |  |  | — |  |  | (1) |
Ending balance | $ | 953 |  |  | $ | 15 |  |  | $ | 968 |  |  | $ | 953 |  |  | $ | 15 |  |  | $ | 968 |
__________ (a) Includes gains/(losses) on unguaranteed residuals on retail balloon and finance lease receivables as well as 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 aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 + Details
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