Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair And Intrinsic Value Of Restricted Stock Units [Table Text Block]

The fair value of vested RSUs and RSSs as well as the compensation cost for the years ended December 31 were as follows (in millions):

	2019		2020		2021
Fair value of vested shares	$	231	$	264	$	217
Compensation cost (a)	190		156		229

__________

(a)    Net of tax benefit of $38 million, $31 million, and $74 million in 2019, 2020, and 2021, respectively.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Inputs and assumptions used to calculate the fair value at grant date through a Monte Carlo simulation were as follows:

	2019			2020			2021
Fair value per stock award	$	9.66		$	7.21		$	13.45
Grant date stock price	8.81			7.08			11.93
Assumptions:
Ford’s stock price expected volatility (a)	24.1		%	25.4		%	39.9		%
Expected average volatility of peer companies (a)	25.8			26.4			39.6
Risk-free interest rate	2.57			0.68			0.32

__________(a)Expected volatility based on three years of daily closing share price changes ending on the grant date.

Restricted Stock Units Activity [Table Text Block]

During 2021, activity for RSUs and RSSs was as follows (in millions, except for weighted-average fair value):

	Shares	Weighted- Average Fair Value
Outstanding, beginning of year	72.2	$	8.35
Granted (a)	23.4	13.02
Vested (a)	(24.1)	9.01
Forfeited	(9.0)	10.73
Outstanding, end of year (b)	62.5	10.31

__________

(a)Includes shares awarded to non-employee directors.

(b)Excludes 821,082 non-employee director shares that were vested but unissued at December 31, 2021.