Accumulated Other Comprehensive Income/(Loss) (Notes)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the periods ended September 30 were as follows (in millions):

	Third Quarter				First Nine Months
	2019		2020		2019		2020
Foreign currency translation
Beginning balance	$	(4,684)	$	(6,181)	$	(4,800)	$	(4,626)
Gains/(Losses) on foreign currency translation	(301)		(126)		(169)		(1,673)
Less: Tax/(Tax benefit)	58		(60)		74		(83)
Net gains/(losses) on foreign currency translation	(359)		(66)		(243)		(1,590)
(Gains)/Losses reclassified from AOCI to net income (a)	(1)		(3)		(1)		(34)
Other comprehensive income/(loss), net of tax	(360)		(69)		(244)		(1,624)
Ending balance	$	(5,044)	$	(6,250)	$	(5,044)	$	(6,250)
Marketable securities
Beginning balance	$	63	$	184	$	(59)	$	71
Gains/(Losses) on available for sale securities	15		(8)		169		157
Less: Tax/(Tax benefit)	4		(2)		40		36
Net gains/(losses) on available for sale securities	11		(6)		129		121
(Gains)/Losses reclassified from AOCI to net income	(3)		(15)		2		(33)
Less: Tax/(Tax benefit)	—		(4)		1		(8)
Net (gains)/losses reclassified from AOCI to net income	(3)		(11)		1		(25)
Other comprehensive income/(loss), net of tax	8		(17)		130		96
Ending balance	$	71	$	167	$	71	$	167
Derivative instruments
Beginning balance	$	(128)	$	180	$	201	$	(488)
Gains/(Losses) on derivative instruments	(100)		(96)		(442)		636
Less: Tax/(Tax benefit)	(17)		(15)		(95)		135
Net gains/(losses) on derivative instruments	(83)		(81)		(347)		501
(Gains)/Losses reclassified from AOCI to net income	18		16		(69)		118
Less: Tax/(Tax benefit)	4		6		(18)		22
Net (gains)/losses reclassified from AOCI to net income (b)	14		10		(51)		96
Other comprehensive income/(loss), net of tax	(69)		(71)		(398)		597
Ending balance	$	(197)	$	109	$	(197)	$	109
Pension and other postretirement benefits
Beginning balance	$	(2,687)	$	(2,654)	$	(2,708)	$	(2,685)
Amortization and recognition of prior service costs/(credits)	12		29		37		55
Less: Tax/(Tax benefit)	2		6		7		10
Net prior service costs/(credits) reclassified from AOCI to net income	10		23		30		45
Translation impact on non-U.S. plans	5		(8)		6		1
Other comprehensive income/(loss), net of tax	15		15		36		46
Ending balance	$	(2,672)	$	(2,639)	$	(2,672)	$	(2,639)
Total AOCI ending balance at September 30	$	(7,842)	$	(8,613)	$	(7,842)	$	(8,613)

__________

(a)Reclassified to Other income/(loss), net.

(b)Reclassified to Cost of sales. During the next twelve months we expect to reclassify existing net gains on cash flow hedges of $155 million. See Note 15 for additional information.