Accumulated Other Comprehensive Income/(Loss) (Notes)

12 Months Ended

Dec. 31, 2021

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 years ended December 31 were as follows (in millions):

	2019		2020		2021
Foreign currency translation
Beginning balance	$	(4,800)	$	(4,626)	$	(5,526)
Gains/(Losses) on foreign currency translation	181		(1,107)		200
Less: Tax/(Tax benefit) (a)	6		(206)		143
Net gains/(losses) on foreign currency translation	175		(901)		57
(Gains)/Losses reclassified from AOCI to net income (b)	(1)		1		(18)
Other comprehensive income/(loss), net of tax (c)	174		(900)		39
Ending balance	$	(4,626)	$	(5,526)	$	(5,487)
Marketable securities
Beginning balance	$	(59)	$	71	$	156
Gains/(Losses) on available for sale securities	173		155		(209)
Less: Tax/(Tax benefit)	40		37		(52)
Net gains/(losses) on available for sale securities	133		118		(157)
(Gains)/Losses reclassified from AOCI to net income	(3)		(45)		(23)
Less: Tax/(Tax benefit)	—		(12)		(5)
Net (gains)/losses reclassified from AOCI to net income	(3)		(33)		(18)
Other comprehensive income/(loss), net of tax	130		85		(175)
Ending balance	$	71	$	156	$	(19)
Derivative instruments
Beginning balance	$	201	$	(488)	$	(266)
Gains/(Losses) on derivative instruments	(875)		207		(169)
Less: Tax/(Tax benefit)	(180)		39		(20)
Net gains/(losses) on derivative instruments	(695)		168		(149)
(Gains)/Losses reclassified from AOCI to net income	3		66		280
Less: Tax/(Tax benefit)	(3)		12		58
Net (gains)/losses reclassified from AOCI to net income (d)	6		54		222
Other comprehensive income/(loss), net of tax	(689)		222		73
Ending balance	$	(488)	$	(266)	$	(193)
Pension and other postretirement benefits
Beginning balance	$	(2,708)	$	(2,685)	$	(2,658)
Prior service (costs)/credits arising during the period	(15)		(21)		—
Less: Tax/(Tax benefit)	(2)		(6)		—
Net prior service (costs)/credits arising during the period	(13)		(15)		—
Amortization and recognition of prior service costs/(credits) (e)	50		63		27
Less: Tax/(Tax benefit)	10		10		6
Net prior service costs/(credits) reclassified from AOCI to net income	40		53		21
Translation impact on non-U.S. plans	(4)		(11)		(3)
Other comprehensive income/(loss), net of tax	23		27		18
Ending balance	$	(2,685)	$	(2,658)	$	(2,640)
Total AOCI ending balance at December 31	$	(7,728)	$	(8,294)	$	(8,339)

__________

(a)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future. However, we have made elections to tax certain non-U.S. operations simultaneously in U.S. tax returns, and have recorded deferred taxes for temporary differences that will reverse, independent of repatriation plans, in U.S. tax returns. Taxes or tax benefits resulting from foreign currency translation of the temporary differences are recorded in Other comprehensive income/(loss), net of tax.

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

(c)In 2021, excludes a gain of $4 million related to noncontrolling interests.

(d)Reclassified to Cost of sales. During the next twelve months we expect to reclassify existing net losses on cash flow hedges of $116 million. See Note 20 for additional information.

(e)Amortization and recognition of prior service costs/(credits) is included in the computation of net periodic pension cost/(income). See Note 17 for additional information