Equity in Net Assets of Affiliated Companies (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investment, Summarized Financial Information [Abstract]

Schedule of Equity Method Investments [Table Text Block]

Our carrying value and ownership percentages of our equity method investments at December 31 were as follows (in millions, except percentages):

	Investment Balance				Ownership Percentage
	2020		2021		2021
Argo AI, LLC (see Note 22)	$	2,368	$	2,042	41	%
Changan Ford Automobile Corporation, Limited (a)	691		860		50
Jiangling Motors Corporation, Limited (a) (b)	592		468		32
AutoAlliance (Thailand) Co., Ltd.	428		391		50
Ford Otomotiv Sanayi Anonim Sirketi	328		278		41
Ford Sollers Netherlands B.V. (see Note 21)	75		108		49
FFS Finance South Africa (Pty) Limited	76		70		50
Ionity Holding GmbH & Co. KG	52		41		20
Getrag Ford Transmissions GmbH (a) (b) (See Note 22)	131		—		50
Other	160		287		Various
Total	$	4,901	$	4,545

__________

(a)In 2020, Changan Ford Automobile Corporation, Limited, Jiangling Motors Corporation, Limited, and Getrag Ford Transmissions GmbH recorded restructuring charges, our share of which was $15 million, $40 million, and $91 million, respectively. These charges are included in Equity in net income/(loss) of affiliated companies.

(b)In 2021, Jiangling Motors Corporation, Limited, and Getrag Ford Transmission GmbH recorded restructuring charges, our share of which was $10 million and $40 million, respectively. These charges are included in Equity in net income/(loss) of affiliated companies.

We recorded $244 million, $180 million, and $452 million of dividends from these affiliated companies for the years ended December 31, 2019, 2020, and 2021, respectively.

In the ordinary course of business, we buy/sell various products and services including vehicles, parts, and components to/from our equity method investees. In addition, we receive royalty income.

Transactions with equity method investees reported for the years ended or at December 31 were as follows (in millions):

	For the years ended December 31,
Income Statement	2019		2020		2021
Sales	$	3,541	$	4,126	$	4,777
Purchases	10,106		8,439		9,245
Royalty income	250		381		458

Balance Sheet	2020		2021
Receivables	$	795	$	724
Payables	928		1,035