Accumulated Other Comprehensive Income/(Loss) (Tables)

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the years ended December 31 were as follows (in millions):

	2022		2023		2024
Foreign currency translation
Beginning balance	$	(5,487)	$	(6,416)	$	(5,443)
Gains/(Losses) on foreign currency translation	(1,199)		967		(1,336)
Less: Tax/(Tax benefit) (a)	(2)		(10)		77
Net gains/(losses) on foreign currency translation	(1,197)		977		(1,413)
(Gains)/Losses reclassified from AOCI to net income	268		(4)		(43)
Other comprehensive income/(loss), net of tax (b)	(929)		973		(1,456)
Ending balance	$	(6,416)	$	(5,443)	$	(6,899)
Marketable securities
Beginning balance	$	(19)	$	(442)	$	(170)
Gains/(Losses) on available for sale securities	(576)		326		146
Less: Tax/(Tax benefit)	(139)		80		34
Net gains/(losses) on available for sale securities	(437)		246		112
(Gains)/Losses reclassified from AOCI to net income	19		35		11
Less: Tax/(Tax benefit)	5		9		3
Net (gains)/losses reclassified from AOCI to net income (c)	14		26		8
Other comprehensive income/(loss), net of tax	(423)		272		120
Ending balance	$	(442)	$	(170)	$	(50)
Derivative instruments
Beginning balance	$	(193)	$	129	$	(331)
Gains/(Losses) on derivative instruments	346		(519)		803
Less: Tax/(Tax benefit)	83		(126)		188
Net gains/(losses) on derivative instruments	263		(393)		615
(Gains)/Losses reclassified from AOCI to net income	80		(83)		(8)
Less: Tax/(Tax benefit)	21		(16)		(1)
Net (gains)/losses reclassified from AOCI to net income (d)	59		(67)		(7)
Other comprehensive income/(loss), net of tax	322		(460)		608
Ending balance	$	129	$	(331)	$	277
Pension and other postretirement benefits
Beginning balance	$	(2,640)	$	(2,610)	$	(3,098)
Prior service (costs)/credits arising during the period (e)	—		(659)		—
Less: Tax/(Tax benefit)	—		(157)		—
Net prior service (costs)/credits arising during the period	—		(502)		—
Amortization and recognition of prior service costs/(credits) (f)	21		25		167
Less: Tax/(Tax benefit)	4		6		40
Net prior service costs/(credits) reclassified from AOCI to net income	17		19		127
Translation impact on non-U.S. plans	13		(5)		4
Other comprehensive income/(loss), net of tax	30		(488)		131
Ending balance	$	(2,610)	$	(3,098)	$	(2,967)
Total AOCI ending balance at December 31	$	(9,339)	$	(9,042)	$	(9,639)

__________

(a)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future. However, we have made elections to tax certain non-U.S. operations simultaneously in U.S. tax returns, and have recorded deferred taxes for temporary differences that will reverse, independent of repatriation plans, in U.S. tax returns. Taxes or tax benefits resulting from foreign currency translation of the temporary differences are recorded in Other comprehensive income/(loss), net of tax.

(b)Excludes a loss of $4 million, a gain of $1 million, and a loss of $1 million related to noncontrolling interests in 2022, 2023, and 2024, respectively.

(c)Reclassified to Other income/(loss), net.

(d)Reclassified to Cost of sales. During the next twelve months we expect to reclassify existing net gains on cash flow hedges of $281 million. See Note 19 for additional information.

(e)Reflects benefit enhancements included in the collective bargaining agreements with the UAW and Unifor ratified in 2023.

(f)Amortization and recognition of prior service costs/(credits) is included in the computation of net periodic pension cost/(income). See Note 16 for additional information.