XML 22 R11.htm IDEA: XBRL DOCUMENT v3.26.1
REVENUE
 6 Months Ended
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 CreditFord CreditConsolidated
Vehicles, parts, and accessories$45,202 $— $45,202 
Used vehicles780 — 780 
Services and other revenue (a)884 19 903 
Revenues from sales and services
46,866 19 46,885 
Leasing income77 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 CreditConsolidated
Vehicles, parts, and accessories$42,736 $— $42,736 
Used vehicles1,103 — 1,103 
Services and other revenue (a)972 18 990 
Revenues from sales and services
44,811 18 44,829 
Leasing income80 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 CreditConsolidated
Vehicles, parts, and accessories$81,069 $— $81,069 
Used vehicles1,465 — 1,465 
Services and other revenue (a)1,687 37 1,724 
Revenues from sales and services
84,221 37 84,258 
Leasing income144 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 CreditConsolidated
Vehicles, parts, and accessories$80,380 $— $80,380 
Used vehicles2,250 — 2,250 
Services and other revenue (a)1,925 41 1,966 
Revenues from sales and services
84,555 41 84,596 
Leasing income155 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.