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REVENUE | 6 Months Ended
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Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE The following tables disaggregate our revenue by major source for the periods ended June 30 (in millions):
| Second Quarter 2025
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 45,202 |  |  | $ | — |  |  | $ | 45,202 |
Used vehicles | 780 |  |  | — |  |  | 780 |
Services and other revenue (a) | 884 |  |  | 19 |  |  | 903 |
Revenues from sales and services | 46,866 |  |  | 19 |  |  | 46,885 |
Leasing income | 77 |  |  | 1,176 |  |  | 1,253 |
Financing income | — |  |  | 2,008 |  |  | 2,008 |
Insurance income | — |  |  | 38 |  |  | 38 |
Total revenues | $ | 46,943 |  |  | $ | 3,241 |  |  | $ | 50,184 |
| Second Quarter 2026
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 42,736 |  |  | $ | — |  |  | $ | 42,736 |
Used vehicles | 1,103 |  |  | — |  |  | 1,103 |
Services and other revenue (a) | 972 |  |  | 18 |  |  | 990 |
Revenues from sales and services | 44,811 |  |  | 18 |  |  | 44,829 |
Leasing income | 80 |  |  | 1,374 |  |  | 1,454 |
Financing income | — |  |  | 1,974 |  |  | 1,974 |
Insurance income | — |  |  | 39 |  |  | 39 |
Total revenues | $ | 44,891 |  |  | $ | 3,405 |  |  | $ | 48,296 |
| First Half 2025
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 81,069 |  |  | $ | — |  |  | $ | 81,069 |
Used vehicles | 1,465 |  |  | — |  |  | 1,465 |
Services and other revenue (a) | 1,687 |  |  | 37 |  |  | 1,724 |
Revenues from sales and services | 84,221 |  |  | 37 |  |  | 84,258 |
Leasing income | 144 |  |  | 2,307 |  |  | 2,451 |
Financing income | — |  |  | 4,054 |  |  | 4,054 |
Insurance income | — |  |  | 80 |  |  | 80 |
Total revenues | $ | 84,365 |  |  | $ | 6,478 |  |  | $ | 90,843 |
| First Half 2026
| Company excluding Ford Credit |  | Ford Credit |  | Consolidated
Vehicles, parts, and accessories | $ | 80,380 |  |  | $ | — |  |  | $ | 80,380 |
Used vehicles | 2,250 |  |  | — |  |  | 2,250 |
Services and other revenue (a) | 1,925 |  |  | 41 |  |  | 1,966 |
Revenues from sales and services | 84,555 |  |  | 41 |  |  | 84,596 |
Leasing income | 155 |  |  | 2,720 |  |  | 2,875 |
Financing income | — |  |  | 3,997 |  |  | 3,997 |
Insurance income | — |  |  | 81 |  |  | 81 |
Total revenues | $ | 84,710 |  |  | $ | 6,839 |  |  | $ | 91,549 |
__________ (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 affect these estimates. As a result of changes in our estimate of variable consideration (e.g., marketing incentives), we recorded an increase related to revenue recognized in prior periods of $90 million and $197 million in the second quarter of 2025 and 2026, respectively. We had a balance of $6.2 billion and $6.4 billion of unearned revenue associated primarily with outstanding extended service contracts reported in Other liabilities and deferred revenue at December 31, 2025 and June 30, 2026, respectively. We expect to recognize approximately $1.0 billion of the unearned amount in the remainder of 2026, $1.7 billion in 2027, and $3.7 billion thereafter. We recognized $516 million and $575 million of unearned amounts from prior years as revenue during the second quarter of 2025 and 2026, respectively, and $1.0 billion and $1.2 billion in the first half of 2025 and 2026, respectively. Amounts paid to dealers to obtain extended service contracts are deferred and recorded as Other assets. Our deferred cost balances were $307 million and $295 million as of December 31, 2025 and June 30, 2026, respectively. We recognized $22 million and $33 million of amortization during the second quarter of 2025 and 2026, respectively, and $52 million and $60 million in the first half of 2025 and 2026, respectively.

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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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