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Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of debt outstanding [Table Text Block]
The carrying value of Automotive, Ford Credit, and Other debt was as follows (in millions):
 
December 31,
2019
 
March 31,
2020
Automotive
 
 
 
Debt payable within one year
 
 
 
Short-term
$
315

 
$
569

Long-term payable within one year
 

 
 

U.S. Department of Energy Advanced Technology Vehicles Manufacturing (“DOE ATVM”) Incentive Program
591

 
591

Other debt
540

 
450

Unamortized (discount)/premium
(1
)
 
(1
)
Total debt payable within one year
1,445

 
1,609

Long-term debt payable after one year
 

 
 

Public unsecured debt securities
10,583

 
10,583

Credit facilities (a)
—

 
15,068

Delayed draw term loan
1,500

 
1,500

DOE ATVM Incentive Program
880

 
732

Other debt
547

 
800

Unamortized (discount)/premium
(161
)
 
(157
)
Unamortized issuance costs
(116
)
 
(115
)
Total long-term debt payable after one year
13,233

 
28,411

Total Automotive
$
14,678

 
$
30,020

Fair value of Automotive debt (b)
$
15,606

 
$
22,877

Ford Credit
 

 
 

Debt payable within one year
 

 
 

Short-term
$
13,717

 
$
12,424

Long-term payable within one year
 

 
 

Unsecured debt
15,062

 
17,137

Asset-backed debt
23,609

 
21,736

Unamortized (discount)/premium
1

 
2

Unamortized issuance costs
(17
)
 
(19
)
Fair value adjustments (c)
(1
)
 
23

Total debt payable within one year
52,371

 
51,303

Long-term debt payable after one year
 
 
 
Unsecured debt
55,148

 
51,138

Asset-backed debt
32,162

 
32,973

Unamortized (discount)/premium
6

 
4

Unamortized issuance costs
(197
)
 
(188
)
Fair value adjustments (c)
539

 
1,606

Total long-term debt payable after one year
87,658

 
85,533

Total Ford Credit
$
140,029

 
$
136,836

Fair value of Ford Credit debt (b)
$
141,678

 
$
128,714

Other
 
 
 
Long-term debt payable within one year
$
130

 
$
—

Long-term debt payable after one year
 
 
 
Unsecured debt
474

 
474

Unamortized (discount)/premium
(3
)
 
(3
)
Unamortized issuance costs
(1
)
 
(1
)
Total long-term debt payable after one year
470

 
470

Total Other
$
600

 
$
470

Fair value of Other debt
$
720

 
$
448

__________
(a)
We drew $15.4 billion under our corporate credit facility and supplemental revolving credit facility in the first quarter of 2020, and received $15.1 billion as of March 31, 2020, and the remaining $300 million on April 8, 2020.
(b)
The fair value of debt includes $315 million and $569 million of Automotive short-term debt and $12.8 billion and $11.3 billion of Ford Credit short-term debt at December 31, 2019 and March 31, 2020, respectively, carried at cost, which approximates fair value. All debt is categorized within Level 2 of the fair value hierarchy.
(c)
These adjustments relate to fair value hedges. The carrying value of hedged debt was $39.4 billion and $41.6 billion at December 31, 2019 and March 31, 2020, respectively.