XML 52 R42.htm IDEA: XBRL DOCUMENT v3.22.2
Cash, Cash Equivalents, and Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2022
Cash, Cash Equivalents, and Marketable Securities [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis were as follows (in millions):
December 31, 2021
 Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$2,877 $711 $3,588 
U.S. government agencies2355 240 595 
Non-U.S. government and agencies255 152 207 
Corporate debt2105 940 1,045 
Total marketable securities classified as cash equivalents
3,392 2,043 5,435 
Cash, time deposits, and money market funds6,185 8,920 15,105 
Total cash and cash equivalents$9,577 $10,963 $20,540 
Marketable securities
U.S. government1$4,018 $864 $4,882 
U.S. government agencies22,270 75 2,345 
Non-U.S. government and agencies23,373 697 4,070 
Corporate debt26,299 304 6,603 
Equities (a)110,673 — 10,673 
Other marketable securities2247 233 480 
Total marketable securities$26,880 $2,173 $29,053 
Restricted cash$69 $128 $197 
Cash, cash equivalents, and restricted cash in
   held-for-sale assets
$— $— $— 
June 30, 2022
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$2,077 $40 $2,117 
U.S. government agencies2867 — 867 
Non-U.S. government and agencies2858 382 1,240 
Other cash equivalents28 — 8 
Corporate debt2— 630 630 
Total marketable securities classified as cash equivalents
3,810 1,052 4,862 
Cash, time deposits, and money market funds9,408 5,246 14,654 
Total cash and cash equivalents$13,218 $6,298 $19,516 
Marketable securities
U.S. government1$3,262 $325 $3,587 
U.S. government agencies22,076 223 2,299 
Non-U.S. government and agencies22,443 1,184 3,627 
Corporate debt24,910 274 5,184 
Equities (a)12,037 — 2,037 
Other marketable securities2270 180 450 
Total marketable securities$14,998 $2,186 $17,184 
Restricted cash (Note 17)$492 $108 $600 
Cash, cash equivalents, and restricted cash in
   held-for-sale assets
$18 $— $18 
__________
(a)Includes $10.6 billion and $2 billion of Rivian common shares valued at $103.69 and $25.74 per share as of December 31, 2021 and June 30, 2022, respectively. In the second quarter of 2022, we sold 25.2 million of our 101.9 million Rivian common shares for about $700 million in total proceeds. Net unrealized gains/losses recognized during full year 2021 and the first half of 2022 on all equity securities held at December 31, 2021 and June 30, 2022 were an $8.3 billion gain and a $6 billion loss, respectively.
Debt Securities, Available-for-sale
The cash equivalents and marketable securities accounted for as available-for-sale (“AFS”) securities were as follows (in millions):
December 31, 2021
Fair Value of Securities with
Contractual Maturities
 Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueWithin 1 YearAfter 1 Year through
5 Years		After 5 Years
Company excluding Ford Credit  
U.S. government$3,821 $12 $(14)$3,819 $1,360 $2,435 $24 
U.S. government agencies2,249 2 (21)2,230 316 1,802 112 
Non-U.S. government and agencies2,599 6 (21)2,584 854 1,708 22 
Corporate debt6,373 21 (23)6,371 2,645 3,726 — 
Other marketable securities228 1 (1)228 — 150 78 
Total$15,270 $42 $(80)$15,232 $5,175 $9,821 $236 
 
June 30, 2022
Fair Value of Securities with
Contractual Maturities
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueWithin 1 YearAfter 1 Year through
5 Years		After 5 Years
Company excluding Ford Credit
U.S. government$3,277 $— $(97)$3,180 $809 $2,349 $22 
U.S. government agencies2,180 — (97)2,083 591 1,410 82 
Non-U.S. government and agencies2,414 — (101)2,313 451 1,850 12 
Corporate debt5,047 — (174)4,873 1,262 3,588 23 
Other marketable securities265 — (9)256 — 182 74 
Total
$13,183 $— $(478)$12,705 $3,113 $9,379 $213 

Sales proceeds and gross realized gains/losses from the sale of AFS securities for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
2021202220212022
Company excluding Ford Credit
Sales proceeds$659 $1,118 $3,539 $5,122 
Gross realized gains4 1 17 7 
Gross realized losses— 9 2 15 
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value
The present fair values and gross unrealized losses for cash equivalents and marketable securities accounted for as AFS securities that were in an unrealized loss position, aggregated by investment category and the length of time that individual securities have been in a continuous loss position, were as follows (in millions):
December 31, 2021
Less than 1 Year1 Year or GreaterTotal
 Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit  
U.S. government$2,598 $(14)$— $— $2,598 $(14)
U.S. government agencies1,809 (19)73 (2)1,882 (21)
Non-U.S. government and agencies1,614 (20)38 (1)1,652 (21)
Corporate debt3,637 (21)71 (2)3,708 (23)
Other marketable securities178 (1)15 — 193 (1)
Total
$9,836 $(75)$197 $(5)$10,033 $(80)
 
June 30, 2022
Less than 1 Year1 Year or GreaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit
U.S. government$2,674 $(84)$469 $(13)$3,143 $(97)
U.S. government agencies1,098 (33)933 (64)2,031 (97)
Non-U.S. government and agencies1,542 (57)633 (44)2,175 (101)
Corporate debt4,402 (144)406 (30)4,808 (174)
Other marketable securities214 (8)32 (1)246 (9)
Total
$9,930 $(326)$2,473 $(152)$12,403 $(478)
Schedule Cash, Cash Equivalents, and Restricted Cash [Table Text Block]
Cash, cash equivalents, and restricted cash, as reported in the consolidated statements of cash flows, were as follows (in millions):
December 31,
2021		June 30,
2022
Cash and cash equivalents$20,540 $19,516 
Restricted cash (a)197 600 
Cash, cash equivalents, and restricted cash in held-for-sale assets— 18 
Total cash, cash equivalents, and restricted cash$20,737 $20,134 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.