Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease Right-of-Use Assets and Liabilities [Table Text Block]

Lease right-of-use assets and liabilities at December 31 were as follows (in millions):

	2020		2021
Operating leases
Other assets, non-current	$	1,287	$	1,337
Other liabilities and deferred revenue, current	$	323	$	345
Other liabilities and deferred revenue, non-current	991		1,048
Total operating lease liabilities	$	1,314	$	1,393
Finance leases
Property and equipment, gross	$	540	$	715
Accumulated depreciation	(50)		(68)
Property and equipment, net	$	490	$	647
Company excluding Ford Credit debt payable within one year	$	46	$	76
Company excluding Ford Credit long-term debt	368		489
Total finance lease liabilities	$	414	$	565

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Supplemental cash flow information related to leases for the years ended December 31 was as follows (in millions):

	2019		2020		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	460	$	434	$	424
Operating cash flows from finance leases	6		15		14
Financing cash flows from finance leases	35		105		52
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	527	$	304	$	441
Finance leases	43		306		192

Lease, Cost [Table Text Block]

The components of lease expense for the years ended December 31 were as follows (in millions):

	2019		2020		2021
Operating lease expense	$	467	$	463	$	444
Variable lease expense	53		57		49
Sublease income	(16)		(14)		(16)
Finance lease expense
Amortization of right-of-use assets	15		27		34
Interest on lease liabilities	6		15		14
Total lease expense	$	525	$	548	$	525

Lessee, Weighted Average Term and Discount Rate [Table Text Block]

The weighted-average remaining lease term and weighted-average discount rate at December 31 were as follows:

	2019		2020		2021
Weighted-average remaining lease term (in years)
Operating leases	6.3		6.3		6.0
Finance leases	3.0		14.8		12.1
Weighted-average discount rate
Operating leases	3.4	%	3.8	%	3.3	%
Finance leases	3.3	%	3.5	%	3.3	%

Finance Lease, Liability, Fiscal Year Maturity

The amounts contractually due on our lease liabilities as of December 31, 2021 were as follows (in millions):

	Operating Leases (a)		Finance Leases
2022	$	385	$	94
2023	307		88
2024	223		70
2025	161		62
2026	128		57
Thereafter	335		288
Total	1,539		659
Less: Present value discount	146		94
Total lease liabilities	$	1,393	$	565

__________

(a)    Excludes approximately $252 million in future lease payments for various operating leases commencing in a future period.