New Accounting Standards New Accounting Pronouncements or Change in Accounting Principle (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Standards Update and Change in Accounting Principle [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The cumulative effect of the changes made to our consolidated balance sheet at January 1, 2020, for the adoption of ASU 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments, was as follows (in millions):

	Balance at December 31, 2019		Adjustments due to ASU 2016-13		Balance at January 1, 2020
Assets
Ford Credit finance receivables, net, current	$	53,651	$	(69)	$	53,582
Trade and other receivables, net	9,237		(3)		9,234
Ford Credit finance receivables, net, non-current	53,703		(183)		53,520
Equity in net assets of affiliated companies	2,519		(7)		2,512
Deferred income taxes	11,863		2		11,865
Liabilities
Deferred income taxes	490		(58)		432
Equity
Retained earnings	20,320		(202)		20,118