Investments, Equity Method and Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The assets and liabilities classified as held for sale for the period ended June 30, were as follows (in millions):

	June 30, 2022
Assets
Cash and cash equivalents	$	18
Trade and other receivables, net	170
Inventories	201
Other assets, current	10
Net property	419
Other assets, non-current	19
Total Company excluding Ford Credit assets of held-for-sale operations	837
Less: Intercompany asset balances	(142)
Total assets of held-for-sale operations (a)	$	695
Liabilities
Payables	$	358
Other liabilities and deferred revenue, current	21
Company excluding Ford Credit debt payable within one year	—
Other liabilities and deferred revenue, non-current	3
Company excluding Ford Credit long-term debt	—
Total Company excluding Ford Credit liabilities of held-for-sale operations	382
Less: Intercompany liability balances	(22)
Total liabilities of held-for-sale operations (a)	$	360

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(a)    As of June 30, 2022, intercompany items and transactions have been eliminated on the consolidated balance sheets. The buyer assumed the intercompany assets and liabilities upon the July 1, 2022 closing (described below). Accordingly, we have presented those balances in the table for informational purposes.