Fair Value Measurements (Notes)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

Cash equivalents, marketable securities, and derivative financial instruments are remeasured and presented on our financial statements on a recurring basis at fair value, while other assets and liabilities are measured at fair value on a nonrecurring basis. At March 31, 2015, we consolidated the assets and liabilities of our Ford Sollers Netherlands B.V. (“Ford Sollers”) joint venture (see Note 17 for additional information).

There have been no changes to the types of inputs used or the valuation techniques since year end.

Input Hierarchy of Items Measured at Fair Value on a Recurring Basis

The following table categorizes the fair values of items measured at fair value on a recurring basis on our balance sheet (in millions):

	March 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Automotive Sector
Assets
Cash equivalents – financial instruments
U.S. government and agencies	$	—	$	11	$	—	$	11	$	—	$	64	$	—	$	64
Non-U.S. government and agencies	—		220		—		220		—		122		—		122
Corporate debt	—		10		—		10		—		20		—		20
Total cash equivalents (a)	—		241		—		241		—		206		—		206
Marketable securities
U.S. government and agencies	753		3,290		—		4,043		969		5,789		—		6,758
Non-U.S. government and agencies	—		6,911		—		6,911		—		7,004		—		7,004
Corporate debt	—		2,922		—		2,922		—		2,738		—		2,738
Equities	270		—		—		270		322		—		—		322
Other marketable securities	—		322		—		322		—		313		—		313
Total marketable securities	1,023		13,445		—		14,468		1,291		15,844		—		17,135
Derivative financial instruments (b)	—		1,102		—		1,102		—		517		—		517
Total assets at fair value	$	1,023	$	14,788	$	—	$	15,811	$	1,291	$	16,567	$	—	$	17,858
Liabilities
Derivative financial instruments (b)	$	—	$	1,260	$	6	$	1,266	$	—	$	710	$	3	$	713
Total liabilities at fair value	$	—	$	1,260	$	6	$	1,266	$	—	$	710	$	3	$	713
Financial Services Sector
Assets
Cash equivalents – financial instruments
Non-U.S. government and agencies	—		320		—		320		—		341		—		341
Corporate debt	—		80		—		80		—		10		—		10
Total cash equivalents (a)	—		400		—		400		—		351		—		351
Marketable securities
U.S. government and agencies	1,151		2,855		—		4,006		17		1,251		—		1,268
Non-U.S. government and agencies	—		521		—		521		—		405		—		405
Corporate debt	—		1,706		—		1,706		—		1,555		—		1,555
Other marketable securities	—		31		—		31		—		30		—		30
Total marketable securities	1,151		5,113		—		6,264		17		3,241		—		3,258
Derivative financial instruments (b)	—		1,204		—		1,204		—		859		—		859
Total assets at fair value	$	1,151	$	6,717	$	—	$	7,868	$	17	$	4,451	$	—	$	4,468
Liabilities
Derivative financial instruments (b)	$	—	$	297	$	—	$	297	$	—	$	167	$	—	$	167
Total liabilities at fair value	$	—	$	297	$	—	$	297	$	—	$	167	$	—	$	167

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(a) Excludes time deposits, certificates of deposit, money market accounts, and other cash equivalents reported at par value on our balance sheet totaling $3.5 billion and $3.3 billion for Automotive sector and $5.1 billion and $3.8 billion for Financial Services sector at March 31, 2015 and December 31, 2014, respectively. In addition to these cash equivalents, we also had cash on hand totaling $1.4 billion and $1.1 billion for Automotive sector and $1.8 billion and $2 billion for Financial Services sector at March 31, 2015 and December 31, 2014, respectively.

(b) See Note 12 for additional information regarding derivative financial instruments.