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Debt and Commitments (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Instrument [Line Items]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The carrying value of Company debt excluding Ford Credit and Ford Credit debt at December 31 was as follows (in millions):
Interest Rates
Average Contractual Average Effective (a)
Company excluding Ford Credit202020212020202120202021
Debt payable within one year  
Short-term$613 $286 4.0 %0.4 %4.0 %0.4 %
Long-term payable within one year  
Public unsecured debt securities180 86 
U.S. Department of Energy Advanced Technology Vehicles Manufacturing (“DOE ATVM”) Incentive Program148 953 
Delayed draw term loan— 1,500 
Other debt434 348 
Unamortized (discount)/premium(1)2 
Total debt payable within one year1,374 3,175 
Long-term debt payable after one year  
Public unsecured debt securities18,877 13,643 
Convertible notes— 2,300 
Delayed draw term loan1,500 — 
DOE ATVM Incentive Program1,064 — 
U.K. Export Finance Program854 843 
Other debt768 768 
Unamortized (discount)/premium(242)(188)
Unamortized issuance costs
(188)(166)
Total long-term debt payable after one year
22,633 17,200 6.3 %(b)4.4 %(b)6.5 %(b)4.6 %(b)
Total Company excluding Ford Credit$24,007 $20,375 
Fair value of Company debt excluding Ford Credit (c)$27,794 $24,044 
Ford Credit  
Debt payable within one year  
Short-term$11,429 $14,810 1.5 %1.2 %1.6 %1.3 %
Long-term payable within one year  
Unsecured debt17,185 13,660 
Asset-backed debt21,345 18,049 
Unamortized (discount)/premium2 1 
Unamortized issuance costs
(17)(13)
Fair value adjustments (d)25 10 
Total debt payable within one year49,969 46,517 
Long-term debt payable after one year
Unsecured debt54,197 44,337 
Asset-backed debt32,276 26,654 
Unamortized (discount)/premium28 28 
Unamortized issuance costs
(235)(199)
Fair value adjustments (d)1,442 380 
Total long-term debt payable after one year87,708 71,200 2.7 %(b)2.6 %(b)2.7 %(b)2.6 %(b)
Total Ford Credit$137,677 $117,717 
Fair value of Ford Credit debt (c)$139,796 $120,204 
__________
(a)Average effective rates reflect the average contractual interest rate plus amortization of discounts, premiums, and issuance costs.
(b)Includes interest on long-term debt payable within one year and after one year.
(c)At December 31, 2020 and 2021, the fair value of debt includes $529 million and $209 million of Company excluding Ford Credit short-term debt and $10.4 billion and $14.1 billion of Ford Credit short-term debt, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.
(d)These adjustments are related to hedging activity and include discontinued hedging relationship adjustments of $299 million and $257 million at December 31, 2020 and 2021, respectively. The carrying value of hedged debt was $45.5 billion and $37.5 billion at December 31, 2020 and 2021, respectively.
Schedule of Maturities of Long-term Debt [Table Text Block] Debt maturities at December 31, 2021 were as follows (in millions):
 20222023202420252026ThereafterAdjustmentsTotal Debt Maturities
Company excluding Ford Credit       
Public unsecured debt securities$86 $— $— $1,234 $3,972 $10,737 $(242)$15,787 
DOE ATVM Incentive Program953 — — — — — 2 955 
Delayed draw term loan1,500 — — — — — — 1,500 
Short-term and other debt634 195 70 914 52 380 (112)2,133 
Total$3,173 $195 $70 $2,148 $4,024 $11,117 $(352)$20,375 
Ford Credit       
Unsecured debt$27,761 $11,319 $10,730 $8,870 $5,150 $8,268 $260 $72,358 
Asset-backed debt18,758 11,791 5,207 6,736 2,220 700 (53)45,359 
Total$46,519 $23,110 $15,937 $15,606 $7,370 $8,968 $207 $117,717 
Schedule of debt outstanding [Table Text Block]
Our public unsecured debt securities outstanding at December 31 were as follows (in millions):
 Aggregate Principal Amount Outstanding
Title of Security20202021
9.215% Debentures due September 15, 2021
$180 $— 
8 7/8% Debentures due January 15, 202286 86 
8.500% Notes due April 21, 2023
3,500 — 
9.000% Notes due April 22, 2025
3,500 1,058 
7 1/8% Debentures due November 15, 2025209 176 
0.00% Notes due March 15, 2026
— 2,300 
7 1/2% Debentures due August 1, 2026193 172 
4.346% Notes due December 8, 2026
1,500 1,500 
6 5/8% Debentures due February 15, 2028104 104 
6 5/8% Debentures due October 1, 2028 (a) 
638 446 
6 3/8% Debentures due February 1, 2029 (a) 
260 202 
9.30% Notes due March 1, 2030
294 294 
9.625% Notes due April 22, 2030
1,000 432 
7.45% GLOBLS due July 16, 2031 (a) 
1,794 1,070 
8.900% Debentures due January 15, 2032
151 108 
3.25% Notes due February 12, 2032
— 2,500 
9.95% Debentures due February 15, 2032
4 4 
4.75% Notes due January 15, 2043
2,000 2,000 
7.75% Debentures due June 15, 2043
73 73 
7.40% Debentures due November 1, 2046
398 398 
5.291% Notes due December 8, 2046
1,300 1,300 
9.980% Debentures due February 15, 2047
181 114 
6.20% Notes due June 1, 2059
750 750 
6.00% Notes due December 1, 2059
800 800 
7.70% Debentures due May 15, 2097
142 142 
Total public unsecured debt securities$19,057 $16,029 
__________
(a)Listed on the Luxembourg Exchange and on the Singapore Exchange.
Assets And Liabilities Related To Secured Debt Arrangements Disclosure Text Block
The assets and liabilities related to our asset-backed debt arrangements included in our consolidated financial statements at December 31 were as follows (in billions):
 20202021
Assets
Cash and cash equivalents$3.2 $3.8 
Finance receivables, net59.6 50.6 
Net investment in operating leases12.8 7.5 
Liabilities
Debt (a)$54.6 $45.4 
__________
(a)Debt is net of unamortized discount and issuance costs.