Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Jun. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Income Effect of Derivative Instruments [Table Text Block]

The following tables summarize by hedge designation the pre-tax gains/(losses) recorded in Other comprehensive income/(loss) ("OCI"), reclassified from Accumulated other comprehensive income/(loss) ("AOCI") to income and/or recognized directly in income for the periods ended June 30 (in millions):

	Second Quarter 2012									First Half 2012
	Gain/(Loss) Recorded in OCI			Gain/(Loss) Reclassified from AOCI to Income			Gain/(Loss) Recognized in Income			Gain/(Loss) Recorded in OCI			Gain/(Loss) Reclassified from AOCI to Income			Gain/(Loss) Recognized in Income
Automotive Sector
Cash flow hedges
Foreign currency exchange contracts	$	(222	)	$	(98	)	$	(1	)	$	(369	)	$	(150	)	$	—
Derivatives not designated as hedging instruments
Foreign currency exchange contracts - operating exposures							$	(8	)							$	(35	)
Commodity contracts							(186		)							(115		)
Other – warrants							—									(4		)
Total							$	(194	)							$	(154	)
Financial Services Sector
Fair value hedges
Interest rate contracts
Net interest settlements and accruals excluded from the assessment of hedge effectiveness							$	41								$	82
Ineffectiveness (a)							1									2
Total							$	42								$	84
Derivatives not designated as hedging instruments
Interest rate contracts							$	—								$	(4	)
Foreign currency exchange contracts							(6		)							(54		)
Cross-currency interest rate swap contracts							—									(48		)
Other (b)							(43		)							(81		)
Total							$	(49	)							$	(187	)

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(a) For the second quarter and first half of 2012, hedge ineffectiveness reflects change in fair value on derivatives of $238 million gain and $158 million gain, respectively, and change in fair value on hedged debt of $237 million loss and $156 million loss, respectively.

(b) Reflects gains/(losses) for derivative features included in the FUEL Notes (see Note 3).

NOTE 12.  DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued)

	Second Quarter 2011							First Half 2011
	Gain/(Loss) Recorded in OCI		Gain/(Loss) Reclassified from AOCI to Income		Gain/(Loss) Recognized in Income			Gain/(Loss) Recorded in OCI		Gain/(Loss) Reclassified from AOCI to Income		Gain/(Loss) Recognized in Income
Automotive Sector
Cash flow hedges
Foreign currency exchange contracts	$	69	$	42	$	2		$	194	$	36	$	2
Derivatives not designated as hedging instruments
Foreign currency exchange contracts - operating exposures					$	4						$	13
Commodity contracts					(27		)					(12		)
Other – warrants					1							1
Total					$	(22	)					$	2
Financial Services Sector
Fair value hedges
Interest rate contracts
Net interest settlements and accruals excluded from the assessment of hedge effectiveness					$	67						$	133
Ineffectiveness (a)					2							(16		)
Total					$	69						$	117
Derivatives not designated as hedging instruments
Interest rate contracts					$	4						$	(4	)
Foreign currency exchange contracts					(49		)					(37		)
Cross-currency interest rate swap contracts					(17		)					(31		)
Other (b)					2							2
Total					$	(60	)					$	(70	)

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(a) For the second quarter and first half of 2011, hedge ineffectiveness reflects change in fair value on derivatives of $134 million gain and $46 million gain, respectively, and change in fair value on hedged debt of $132 million loss and $62 million loss, respectively.

(b) Reflects gains/(losses) for derivative features included in the FUEL Notes (see Note 3).

Balance Sheet Effect of Derivative Instruments [Table Text Block]

The following table summarizes the notional amount and estimated fair value of our derivative financial instruments (in millions):

	June 30, 2012						December 31, 2011
	Notionals		Fair Value of Assets		Fair Value of Liabilities		Notionals		Fair Value of Assets		Fair Value of Liabilities
Automotive Sector
Cash flow hedges
Foreign currency exchange contracts	$	15,717	$	62	$	502	$	14,535	$	120	$	368
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	5,746		66		73		5,692		92		80
Commodity contracts	2,033		3		335		2,396		2		372
Other – warrants	12		—		—		12		4		—
Total derivatives not designated as hedging instruments	7,791		69		408		8,100		98		452
Total Automotive sector derivative financial instruments	$	23,508	$	131	$	910	$	22,635	$	218	$	820
Financial Services Sector
Fair value hedges
Interest rate contracts	$	12,793	$	708	$	—	$	7,786	$	526	$	—
Derivatives not designated as hedging instruments
Interest rate contracts	60,289		608		254		70,639		670		237
Foreign currency exchange contracts	2,452		15		13		3,582		30		50
Cross-currency interest rate swap contracts	2,579		5		32		987		12		12
Other (a)	—		—		—		2,500		137		—
Total derivatives not designated as hedging instruments	65,320		628		299		77,708		849		299
Total Financial Services sector derivative financial instruments	$	78,113	$	1,336	$	299	$	85,494	$	1,375	$	299

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(a) Represents derivative features included in the FUEL Notes (see Note 3). The derivative features included in the FUEL Notes were extinguished as a result of the mandatory exchange of the FUEL Notes to unsecured notes in the second quarter of 2012.