Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2024

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):

	2023		2024
Operating leases
Other assets, non-current	$	1,833	$	2,308
Other liabilities and deferred revenue, current	$	481	$	558
Other liabilities and deferred revenue, non-current	1,395		1,782
Total operating lease liabilities	$	1,876	$	2,340
Finance leases
Property and equipment, gross	$	897	$	1,150
Accumulated depreciation	(114)		(162)
Property and equipment, net	$	783	$	988
Company excluding Ford Credit debt payable within one year	$	32	$	94
Company excluding Ford Credit long-term debt	606		711
Total finance lease liabilities	$	638	$	805

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):

	2022		2023		2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	459	$	581	$	663
Operating cash flows from finance leases	22		32		39
Financing cash flows from finance leases	83		91		110
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	528	$	889	$	1,051
Finance leases	95		165		286

Lease, Cost [Table Text Block]

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

	2022		2023		2024
Operating lease expense	$	463	$	580	$	650
Variable lease expense	62		109		167
Sublease income	(15)		(18)		(18)
Finance lease expense
Amortization of right-of-use assets	60		64		80
Interest on lease liabilities	22		32		39
Total lease expense	$	592	$	767	$	918

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:

	2022		2023		2024
Weighted-average remaining lease term (in years)
Operating leases	5.5		5.4		5.7
Finance leases	12.2		11.9		10.8
Weighted-average discount rate
Operating leases	3.7	%	4.7	%	4.5	%
Finance leases	3.9		5.3		4.8

Finance Lease, Liability, Fiscal Year Maturity

The amounts contractually due on our lease liabilities as of December 31, 2024 were as follows (in millions):

	Operating Leases (a)		Finance Leases
2025	$	651	$	134
2026	551		126
2027	436		109
2028	312		90
2029	205		88
Thereafter	508		510
Total	2,663		1,057
Less: Present value discount	323		252
Total lease liabilities	$	2,340	$	805

__________

(a)    Excludes approximately $707 million in future lease payments for various leases commencing in future periods.