Held-for-Sale Operations and Changes in Investments in Affiliates (Tables) - Operating Segments

6 Months Ended

Jun. 30, 2020

Automotive

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The assets and liabilities of our India Automotive operations classified as held for sale were as follows (in millions):

	December 31, 2019			June 30, 2020
Assets
Trade and other receivables, net	$	269		$	101
Inventories	208			244
Other assets, current	147			108
Net property	279			263
Other assets, non-current	10			8
Total assets of held-for-sale operations	913			724
Less: Intercompany asset balances	(228		)	(54		)
Automotive segment total assets of held-for-sale operations (a)	$	685		$	670
Liabilities
Payables	$	461		$	263
Other liabilities and deferred revenue, current	71			53
Automotive debt payable within one year	90			83
Other liabilities and deferred revenue, non-current	28			25
Total liabilities of held-for-sale operations	650			424
Less: Intercompany liability balances	(169		)	(140		)
Automotive segment total liabilities of held-for-sale operations (a)	$	481		$	284

__________

(a)

As of December 31, 2019 and June 30, 2020, intercompany items and transactions have been eliminated on the consolidated balance sheets. Upon closing, the buyer will assume the intercompany assets and liabilities. Accordingly, we have presented those balances in the table for informational purposes.

Ford Credit

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The assets and liabilities of the Forso operations classified as held for sale at December 31, 2019 were as follows (in millions):

	December 31, 2019
Assets
Cash and cash equivalents	$	61
Ford Credit finance receivables, net, current	516
Trade and other receivables, net	8
Other assets, current	106
Ford Credit finance receivables, net, non-current	715
Net property	2
Deferred income taxes	9
Other assets, non-current	1
Total assets of held-for-sale operations	1,418
Less: Intercompany asset balances	(2		)
Ford Credit segment total assets of held-for-sale operations (a)	$	1,416
Liabilities
Payables	$	34
Other liabilities and deferred revenue, current	8
Ford Credit long-term debt	1,254
Deferred income taxes	23
Total liabilities of held-for-sale operations	1,319
Less: Intercompany liability balances	(1,274		)
Ford Credit segment total liabilities of held-for-sale operations (a)	$	45

__________

(a) As of December 31, 2019, intercompany items and transactions have been eliminated on the consolidated balance sheets. Upon closing, the buyer assumed the intercompany assets and liabilities. Accordingly, we have presented those balances in the table for informational purposes.