XML 44 R33.htm IDEA: XBRL DOCUMENT v3.26.1

FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

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.

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration