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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
​
(a)
​ ​
(b)
 ​ ​
(b)
 ​ ​
(c)
 ​ ​
(c)
 ​ ​
(d)
 ​ ​
(e)
 ​ ​
(f)
 ​ ​
(g)
 ​ ​
(h)
 ​ ​
(i)
 ​
​
Year
​ ​
Summary
Compensation
Table
Total for PEO
(James D. Farley, Jr.)
($)
 ​ ​
Summary
Compensation
Table
Total for PEO
(James P. Hackett)
($)
 ​ ​
CAP
to PEO
(James D. Farley, Jr.) 4
($)
 ​ ​
CAP
to PEO
(James P. Hackett) 4
($)
 ​ ​
Average
Summary
Compensation
Table Total for
Non-PEO
Named
Executives 1
($)
 ​ ​
Average
CAP to
Non-PEO
Named
Executives 1,4
($)
 ​ ​
Value of Initial Fixed
$100 Investment
Based On:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
Total
Shareholder
Return
($)
 ​ ​
Peer Group
Total
Shareholder
Return 2
($)
 ​ ​
Net
Income
(in $M)
 ​ ​
Company
Adjusted
EBIT
Margin 3
(%)
 ​
​
2023
 ​ ​ ​ ​ 26,470,033 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 29,358,700 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 13,577,098 ​ ​ ​ ​ ​ 14,315,577 ​ ​ ​ ​ ​ 153 ​ ​ ​ ​ ​ 170 ​ ​ ​ ​ ​ 4,347 ​ ​ ​ ​ ​ 5.9 ​ ​
​
2022
 ​ ​ ​ ​ 20,996,146 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (14,879,370) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 12,379,576 ​ ​ ​ ​ ​ (3,677,839) ​ ​ ​ ​ ​ 132 ​ ​ ​ ​ ​ 128 ​ ​ ​ ​ ​ (1,981) ​ ​ ​ ​ ​ 6.6 ​ ​
​
2021
 ​ ​ ​ ​ 22,813,174 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 73,772,804 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 12,930,062 ​ ​ ​ ​ ​ 30,831,937 ​ ​ ​ ​ ​ 228 ​ ​ ​ ​ ​ 188 ​ ​ ​ ​ ​ 17,937 ​ ​ ​ ​ ​ 7.3 ​ ​
​
2020
 ​ ​ ​ ​ 11,802,054 ​ ​ ​ ​ ​ 16,728,505 ​ ​ ​ ​ ​ 8,310,761 ​ ​ ​ ​ ​ 9,825,786 ​ ​ ​ ​ ​ 9,684,547 ​ ​ ​ ​ ​ 3,384,069 ​ ​ ​ ​ ​ 96 ​ ​ ​ ​ ​ 151 ​ ​ ​ ​ ​ (1,279) ​ ​ ​ ​ ​ 2.0 ​ ​
​
1
The Non-PEO Named Executives for 2020 were John T. Lawler, William Clay Ford, Jr., Hau Thai-Tang, Kumar Galhotra, and Tim Stone; for 2021 were John T. Lawler, William Clay Ford, Jr., Michael Amend, and J. Doug Field; for 2022 were John T. Lawler, William Clay Ford, Jr., J. Doug Field, and Kumar Galhotra; and for 2023 were John T. Lawler, William Clay Ford, Jr., J. Doug Field, and Peter C. Stern.
​
2
The “Peer Group” referenced in this column is the Dow Jones Automobiles & Parts Titans 30 Index. This is the same index used to prepare the Company’s “Stock Performance Graph” included in our Annual Report on Form 10-K for the year ended December 31, 2023, but the TSR data in this table differs from the data included in the “Stock Performance Graph” because this table and the “Stock Performance Graph” measure the value of the initial fixed $100 investment over different time periods with different starting points.
​
3
Company adjusted EBIT Margin is a non-GAAP financial measure most comparable to U.S. GAAP’s “Company Net Income/(Loss) Margin.” Company adjusted EBIT Margin is Company adjusted EBIT divided by Company revenue. In turn, Company adjusted EBIT is a non-GAAP financial measure most comparable to U.S. GAAP’s “Net Income/(Loss). Company adjusted EBIT excludes interest on debt
​
(excluding Ford Credit Debt), taxes, and pre-tax special items. Our management ordinarily excludes special items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. Our categories of pre-tax special items and the applicable significance guideline for each item (which may consist of a group of items related to a single event or action) are as follows:
​
Pre-Tax Special Item
 ​ ​
Significance Guideline
​
​
▪
Pension and OPEB remeasurement gains and losses
​
▪
Gains and losses on investments in equity securities
​
▪
Personnel expenses, supplier- and dealer-related costs, and facility-related charges stemming from our efforts to match production capacity and cost structure to market demand and changing model mix
​
▪
Other items that we do not necessarily consider to be indicative of earnings from ongoing operating activities
​
 ​ ​
▪
No minimum
​
▪
No minimum
​
▪
Generally $100 million or more
​
▪
$500 million or more for individual field service actions; generally $100 million or more for other items
​
 ​
Company adjusted EBIT Margin is useful to management and investors because it allows users to evaluate our operating results aligned with industry reporting. Company adjusted EBIT is useful to management and investors because it focuses on underlying operating results and trends, and improves comparability of our period-over-period results. Please refer to page 77 of our Annual Report on Form 10-K for the year ended December 31, 2023 for a reconciliation of Company adjusted EBIT Margin to Company Net Income/(Loss) Margin and the underlying reconciliation of Net Income/(Loss) to Company adjusted EBIT.
4
As noted above, the values reported in these columns represent CAP, calculated in accordance with SEC rules. The values do not reflect the actual amount of compensation earned by or paid to our Named Executives during the applicable year. Numbers in the above table and the tables below may not sum due to rounding. To calculate CAP in accordance with SEC rules, the amounts shown in the tables below were added to, or deducted from, the applicable SCT Totals. For additional information on how the CAP values for 2020, 2021, and 2022 were calculated, please see Footnote 4 to the Pay versus Performance Table beginning on page 75 of our Proxy Statement for Ford’s Annual Meeting of Shareholders held May 11, 2023, filed with the SEC on March 31, 2023:
​
James D. Farley, Jr. 2023 SCT Total Compensation to CAP Reconciliation:
​
Year
​ ​
SCT Total
Compensation
($)
 ​ ​
Less
Grant Date Fair Value
Of Equity-Based Awards
($)
 ​ ​
Plus
Value of Equity-Based
Awards Calculated
According to SEC Specified
Methodology
($) i
 ​ ​
CAP
($) ii
 ​
​
2023
 ​ ​ ​ ​ 26,470,033 ​ ​ ​ ​ ​ ​ 20,329,795 ​ ​ ​ ​ ​ ​ 23,218,462 ​ ​ ​ ​ ​ ​ 29,358,700 ​ ​ ​
Average Non-PEO Named Executive 2023 SCT Total Compensation to CAP Reconciliation:
​
Year
​ ​
SCT Total
Compensation
($)
 ​ ​
Less
Grant Date Fair Value
of Equity-Based Awards
and Aggregate Change in
Present Value of Pension Benefit
($)
 ​ ​
Plus
Value of Equity-Based
Awards Calculated
According to SEC Specified
Methodology
($) i
 ​ ​
Plus Actuarially
Determined Pension
Service Cost and
Prior Service Cost
($) ii,iii
 ​ ​
CAP
($)
 ​
​
2023
 ​ ​ ​ ​ 13,577,098 ​ ​ ​ ​ ​ ​ 10,993,626 ​ ​ ​ ​ ​ ​ 11,677,419 ​ ​ ​ ​ ​ ​ 54,686 ​ ​ ​ ​ ​ ​ 14,315,577 ​ ​ ​
​
i
Reflects the change in value of equity-based awards calculated in accordance with the SEC specified methodology for determining CAP for 2023. With respect to dividend equivalents that accrue on our equity awards, the value of such dividend equivalents is included in the values in this column. For more on how dividend equivalents accrue on our equity awards, see Policy on Dividend Equivalents on Equity Grants on page 63.
​
Supplemental Detail of PEO (James D. Farley, Jr.) Equity-Based Awards Change in Value for 2023:
​
Year
​ ​
Type of Award
 ​ ​
Fair Value of
Reported
Year’s Awards at
Fiscal Year End
(a)
($)
 ​ ​
Change in Value of
Prior Years’
Awards Unvested
at Fiscal Year End
(b)
($)
 ​ ​
Change in Value of
Prior Years’ Awards
that Vested in
Year Reported
(c)
($)
 ​ ​
Value of Awards
Included in
CAP for Year
Reported
(d) = (a) + (b) + (c)
($)
 ​
​ ​ ​ ​
RSUs
 ​ ​ ​ ​ 6,292,678 ​ ​ ​ ​ ​ ​ 970,060 ​ ​ ​ ​ ​ ​ 663,908 ​ ​ ​ ​ ​ ​ 7,926,646 ​ ​ ​
​
2023
 ​ ​
PSUs
 ​ ​ ​ ​ 10,444,255 ​ ​ ​ ​ ​ ​ (940,288) ​ ​ ​ ​ ​ ​ 557,076 ​ ​ ​ ​ ​ ​ 10,061,043 ​ ​ ​
​ ​ ​ ​
Options a
 ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ 5,230,773 ​ ​ ​ ​ ​ ​ 5,230,773 ​ ​ ​
​ ​ ​ ​
Total
 ​ ​ ​ ​ 16,736,933 ​ ​ ​ ​ ​ ​ 29,772 ​ ​ ​ ​ ​ ​ 6,451,757 ​ ​ ​ ​ ​ ​ 23,218,462 ​ ​ ​
Supplemental Detail of Average Non-PEO Named Executive Equity-Based Awards Change in Value for 2023:
​
Year
​ ​
Type of Award
 ​ ​
Fair Value of
Reported
Year’s Awards at
Reported Year End
(a)
($)
 ​ ​
Change in Value of
Prior Years’
Awards Unvested
at Reported Year End
(b)
($)
 ​ ​
Change in Value of
Prior Years’ Awards
that Vested in
Year Reported
(c)
($)
 ​ ​
Value of Awards
Included in
CAP for Year
Reported
(d) = (a) + (b) + (c)
($)
 ​
​ ​ ​ ​
RSUs
 ​ ​ ​ ​ 4,870,729 ​ ​ ​ ​ ​ ​ 496,569 ​ ​ ​ ​ ​ ​ 385,829 ​ ​ ​ ​ ​ ​ 5,753,127 ​ ​ ​
​
2023
 ​ ​
PSUs
 ​ ​ ​ ​ 4,144,897 ​ ​ ​ ​ ​ ​ (115,604) ​ ​ ​ ​ ​ ​ 104,690 ​ ​ ​ ​ ​ ​ 4,133,983 ​ ​ ​
​ ​ ​ ​
Options a
 ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ 1,790,308 ​ ​ ​ ​ ​ ​ 1,790,308 ​ ​ ​
​ ​ ​ ​
Total
 ​ ​ ​
​
9,015,626
 ​ ​ ​ ​ ​
​
380,965
 ​ ​ ​ ​ ​
​
2,280,827
 ​ ​ ​ ​ ​
​
11,677,419
 ​ ​ ​
​
a
As previously disclosed, the grant date fair value of the stock options granted to Messrs. Farley and Ford in 2020 was calculated using a Monte Carlo simulation. The same simulation was used to calculate the fair value of stock options for 2020. For 2021, 2022, and 2023 a Black Scholes model was used to calculate the fair value of stock as the price-based performance condition for the 2020 stock options was achieved on February 8, 2021.
​
ii
We do not report a change in pension value for Mr. Farley because he does not participate in any of our pension benefit plans.
​
iii
This column is included to show the addition of the actuarial present value of our Non-PEO Named Executives’ average service cost under pension plans attributable to services rendered during the noted year.
     
Company Selected Measure Name CompanyAdjustedEBITMargin      
Named Executive Officers, Footnote
The Non-PEO Named Executives for 2020 were John T. Lawler, William Clay Ford, Jr., Hau Thai-Tang, Kumar Galhotra, and Tim Stone; for 2021 were John T. Lawler, William Clay Ford, Jr., Michael Amend, and J. Doug Field; for 2022 were John T. Lawler, William Clay Ford, Jr., J. Doug Field, and Kumar Galhotra; and for 2023 were John T. Lawler, William Clay Ford, Jr., J. Doug Field, and Peter C. Stern.
     
Peer Group Issuers, Footnote
The “Peer Group” referenced in this column is the Dow Jones Automobiles & Parts Titans 30 Index. This is the same index used to prepare the Company’s “Stock Performance Graph” included in our Annual Report on Form 10-K for the year ended December 31, 2023, but the TSR data in this table differs from the data included in the “Stock Performance Graph” because this table and the “Stock Performance Graph” measure the value of the initial fixed $100 investment over different time periods with different starting points.
     
PEO Total Compensation Amount $ 26,470,033      
PEO Actually Paid Compensation Amount $ 29,358,700      
Adjustment To PEO Compensation, Footnote
As noted above, the values reported in these columns represent CAP, calculated in accordance with SEC rules. The values do not reflect the actual amount of compensation earned by or paid to our Named Executives during the applicable year. Numbers in the above table and the tables below may not sum due to rounding. To calculate CAP in accordance with SEC rules, the amounts shown in the tables below were added to, or deducted from, the applicable SCT Totals. For additional information on how the CAP values for 2020, 2021, and 2022 were calculated, please see Footnote 4 to the Pay versus Performance Table beginning on page 75 of our Proxy Statement for Ford’s Annual Meeting of Shareholders held May 11, 2023, filed with the SEC on March 31, 2023:
​
James D. Farley, Jr. 2023 SCT Total Compensation to CAP Reconciliation:
​
Year
​ ​
SCT Total
Compensation
($)
 ​ ​
Less
Grant Date Fair Value
Of Equity-Based Awards
($)
 ​ ​
Plus
Value of Equity-Based
Awards Calculated
According to SEC Specified
Methodology
($) i
 ​ ​
CAP
($) ii
 ​
​
2023
 ​ ​ ​ ​ 26,470,033 ​ ​ ​ ​ ​ ​ 20,329,795 ​ ​ ​ ​ ​ ​ 23,218,462 ​ ​ ​ ​ ​ ​ 29,358,700 ​ ​ ​
Reflects the change in value of equity-based awards calculated in accordance with the SEC specified methodology for determining CAP for 2023. With respect to dividend equivalents that accrue on our equity awards, the value of such dividend equivalents is included in the values in this column. For more on how dividend equivalents accrue on our equity awards, see Policy on Dividend Equivalents on Equity Grants on page 63.
​
Supplemental Detail of PEO (James D. Farley, Jr.) Equity-Based Awards Change in Value for 2023:
​
Year
​ ​
Type of Award
 ​ ​
Fair Value of
Reported
Year’s Awards at
Fiscal Year End
(a)
($)
 ​ ​
Change in Value of
Prior Years’
Awards Unvested
at Fiscal Year End
(b)
($)
 ​ ​
Change in Value of
Prior Years’ Awards
that Vested in
Year Reported
(c)
($)
 ​ ​
Value of Awards
Included in
CAP for Year
Reported
(d) = (a) + (b) + (c)
($)
 ​
​ ​ ​ ​
RSUs
 ​ ​ ​ ​ 6,292,678 ​ ​ ​ ​ ​ ​ 970,060 ​ ​ ​ ​ ​ ​ 663,908 ​ ​ ​ ​ ​ ​ 7,926,646 ​ ​ ​
​
2023
 ​ ​
PSUs
 ​ ​ ​ ​ 10,444,255 ​ ​ ​ ​ ​ ​ (940,288) ​ ​ ​ ​ ​ ​ 557,076 ​ ​ ​ ​ ​ ​ 10,061,043 ​ ​ ​
​ ​ ​ ​
Options a
 ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ 5,230,773 ​ ​ ​ ​ ​ ​ 5,230,773 ​ ​ ​
​ ​ ​ ​
Total
 ​ ​ ​ ​ 16,736,933 ​ ​ ​ ​ ​ ​ 29,772 ​ ​ ​ ​ ​ ​ 6,451,757 ​ ​ ​ ​ ​ ​ 23,218,462 ​ ​ ​
As previously disclosed, the grant date fair value of the stock options granted to Messrs. Farley and Ford in 2020 was calculated using a Monte Carlo simulation. The same simulation was used to calculate the fair value of stock options for 2020. For 2021, 2022, and 2023 a Black Scholes model was used to calculate the fair value of stock as the price-based performance condition for the 2020 stock options was achieved on February 8, 2021.
ii
We do not report a change in pension value for Mr. Farley because he does not participate in any of our pension benefit plans.
​
iii
This column is included to show the addition of the actuarial present value of our Non-PEO Named Executives’ average service cost under pension plans attributable to services rendered during the noted year.
     
Non-PEO NEO Average Total Compensation Amount $ 13,577,098 $ 12,379,576 $ 12,930,062 $ 9,684,547
Non-PEO NEO Average Compensation Actually Paid Amount $ 14,315,577 (3,677,839) 30,831,937 3,384,069
Adjustment to Non-PEO NEO Compensation Footnote
As noted above, the values reported in these columns represent CAP, calculated in accordance with SEC rules. The values do not reflect the actual amount of compensation earned by or paid to our Named Executives during the applicable year. Numbers in the above table and the tables below may not sum due to rounding. To calculate CAP in accordance with SEC rules, the amounts shown in the tables below were added to, or deducted from, the applicable SCT Totals. For additional information on how the CAP values for 2020, 2021, and 2022 were calculated, please see Footnote 4 to the Pay versus Performance Table beginning on page 75 of our Proxy Statement for Ford’s Annual Meeting of Shareholders held May 11, 2023, filed with the SEC on March 31, 2023:
Average Non-PEO Named Executive 2023 SCT Total Compensation to CAP Reconciliation:
​
Year
​ ​
SCT Total
Compensation
($)
 ​ ​
Less
Grant Date Fair Value
of Equity-Based Awards
and Aggregate Change in
Present Value of Pension Benefit
($)
 ​ ​
Plus
Value of Equity-Based
Awards Calculated
According to SEC Specified
Methodology
($) i
 ​ ​
Plus Actuarially
Determined Pension
Service Cost and
Prior Service Cost
($) ii,iii
 ​ ​
CAP
($)
 ​
​
2023
 ​ ​ ​ ​ 13,577,098 ​ ​ ​ ​ ​ ​ 10,993,626 ​ ​ ​ ​ ​ ​ 11,677,419 ​ ​ ​ ​ ​ ​ 54,686 ​ ​ ​ ​ ​ ​ 14,315,577 ​ ​ ​
​
i
Reflects the change in value of equity-based awards calculated in accordance with the SEC specified methodology for determining CAP for 2023. With respect to dividend equivalents that accrue on our equity awards, the value of such dividend equivalents is included in the values in this column. For more on how dividend equivalents accrue on our equity awards, see Policy on Dividend Equivalents on Equity Grants on page 63.
Supplemental Detail of Average Non-PEO Named Executive Equity-Based Awards Change in Value for 2023:
​
Year
​ ​
Type of Award
 ​ ​
Fair Value of
Reported
Year’s Awards at
Reported Year End
(a)
($)
 ​ ​
Change in Value of
Prior Years’
Awards Unvested
at Reported Year End
(b)
($)
 ​ ​
Change in Value of
Prior Years’ Awards
that Vested in
Year Reported
(c)
($)
 ​ ​
Value of Awards
Included in
CAP for Year
Reported
(d) = (a) + (b) + (c)
($)
 ​
​ ​ ​ ​
RSUs
 ​ ​ ​ ​ 4,870,729 ​ ​ ​ ​ ​ ​ 496,569 ​ ​ ​ ​ ​ ​ 385,829 ​ ​ ​ ​ ​ ​ 5,753,127 ​ ​ ​
​
2023
 ​ ​
PSUs
 ​ ​ ​ ​ 4,144,897 ​ ​ ​ ​ ​ ​ (115,604) ​ ​ ​ ​ ​ ​ 104,690 ​ ​ ​ ​ ​ ​ 4,133,983 ​ ​ ​
​ ​ ​ ​
Options a
 ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ 1,790,308 ​ ​ ​ ​ ​ ​ 1,790,308 ​ ​ ​
​ ​ ​ ​
Total
 ​ ​ ​
​
9,015,626
 ​ ​ ​ ​ ​
​
380,965
 ​ ​ ​ ​ ​
​
2,280,827
 ​ ​ ​ ​ ​
​
11,677,419
 ​ ​ ​
​
a
As previously disclosed, the grant date fair value of the stock options granted to Messrs. Farley and Ford in 2020 was calculated using a Monte Carlo simulation. The same simulation was used to calculate the fair value of stock options for 2020. For 2021, 2022, and 2023 a Black Scholes model was used to calculate the fair value of stock as the price-based performance condition for the 2020 stock options was achieved on February 8, 2021.
ii
We do not report a change in pension value for Mr. Farley because he does not participate in any of our pension benefit plans.
​
iii
This column is included to show the addition of the actuarial present value of our Non-PEO Named Executives’ average service cost under pension plans attributable to services rendered during the noted year.
     
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_captsr-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure [MISSING IMAGE: bc_captsr-pn.jpg]      
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_captsr-pn.jpg]      
Tabular List, Table
Critical Performance Measures
The seven measures listed below represent the most important financial and non-financial performance measures used to tie 2023 executive compensation to Company performance. The measures in this table are not ranked. For a discussion of each of these performance measures and how they tie to our performance-based compensation practices, refer to the CD&A, beginning on page 41.
​ ​
Most Important Financial and Non-Financial
Performance Measures
​ ​
​ ​
Company Adjusted EBIT Margin
Company Adjusted EBIT
Company Adjusted Free Cash Flow
Adjusted Return on Invested Capital
Company Revenue
Quality
rTSR of 2023 PSU TSR Peer Group
 ​ ​
​
*
See Long-Term Incentive Plan, beginning on page 51, for more information about the structure of our PSU grants and the peer group used for measuring rTSR for PSUs.
     
Total Shareholder Return Amount $ 153 132 228 96
Peer Group Total Shareholder Return Amount 170 128 188 151
Net Income (Loss) $ 4,347 $ (1,981) $ 17,937 $ (1,279)
Company Selected Measure Amount 5.9 6.6 7.3 2
PEO Name James D. Farley, Jr.      
Measure:: 1        
Pay vs Performance Disclosure        
Name Company Adjusted EBIT Margin      
Non-GAAP Measure Description
Company adjusted EBIT Margin is a non-GAAP financial measure most comparable to U.S. GAAP’s “Company Net Income/(Loss) Margin.” Company adjusted EBIT Margin is Company adjusted EBIT divided by Company revenue. In turn, Company adjusted EBIT is a non-GAAP financial measure most comparable to U.S. GAAP’s “Net Income/(Loss). Company adjusted EBIT excludes interest on debt
​
(excluding Ford Credit Debt), taxes, and pre-tax special items. Our management ordinarily excludes special items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. Our categories of pre-tax special items and the applicable significance guideline for each item (which may consist of a group of items related to a single event or action) are as follows:
​
Pre-Tax Special Item
 ​ ​
Significance Guideline
​
​
▪
Pension and OPEB remeasurement gains and losses
​
▪
Gains and losses on investments in equity securities
​
▪
Personnel expenses, supplier- and dealer-related costs, and facility-related charges stemming from our efforts to match production capacity and cost structure to market demand and changing model mix
​
▪
Other items that we do not necessarily consider to be indicative of earnings from ongoing operating activities
​
 ​ ​
▪
No minimum
​
▪
No minimum
​
▪
Generally $100 million or more
​
▪
$500 million or more for individual field service actions; generally $100 million or more for other items
​
 ​
Company adjusted EBIT Margin is useful to management and investors because it allows users to evaluate our operating results aligned with industry reporting. Company adjusted EBIT is useful to management and investors because it focuses on underlying operating results and trends, and improves comparability of our period-over-period results. Please refer to page 77 of our Annual Report on Form 10-K for the year ended December 31, 2023 for a reconciliation of Company adjusted EBIT Margin to Company Net Income/(Loss) Margin and the underlying reconciliation of Net Income/(Loss) to Company adjusted EBIT.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Company Adjusted EBIT      
Measure:: 3        
Pay vs Performance Disclosure        
Name Company Adjusted Free Cash Flow      
Measure:: 4        
Pay vs Performance Disclosure        
Name Adjusted Return on Invested Capital      
Measure:: 5        
Pay vs Performance Disclosure        
Name Company Revenue      
Measure:: 6        
Pay vs Performance Disclosure        
Name Quality      
Measure:: 7        
Pay vs Performance Disclosure        
Name rTSR of 2023 PSU TSR Peer Group      
James D. Farley, Jr. [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 26,470,033 $ 20,996,146 $ 22,813,174 $ 11,802,054
PEO Actually Paid Compensation Amount 29,358,700 (14,879,370) 73,772,804 8,310,761
James P. Hackett [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount 16,728,505
PEO Actually Paid Compensation Amount $ 9,825,786
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (20,329,795)      
PEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 23,218,462      
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 16,736,933      
PEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Restricted Stock Awards Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,292,678      
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 29,772      
PEO | Equity Awards Adjustments Change In Fair Value As Of Year End Of Outstanding And Unvested Awards Granted In Prior Years Restricted Stock Awards Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 970,060      
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,451,757      
PEO | Equity Awards Adjustments Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year Restricted Stock Awards Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 663,908      
PEO | Total Equity Awards Adjustments Restricted Stock Awards Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,926,646      
PEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 10,444,255      
PEO | Equity Awards Adjustments Change In Fair Value As Of Year End Of Outstanding And Unvested Awards Granted In Prior Years Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (940,288)      
PEO | Equity Awards Adjustments Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 557,076      
PEO | Total Equity Awards Adjustments Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 10,061,043      
PEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Equity Awards Adjustments Change In Fair Value As Of Year End Of Outstanding And Unvested Awards Granted In Prior Years Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Equity Awards Adjustments Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,230,773      
PEO | Total Equity Awards Adjustments Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,230,773      
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,753,127      
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (10,993,626)      
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 11,677,419      
Non-PEO NEO | Pension Adjustments Prior Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 54,686      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,015,626      
Non-PEO NEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Restricted Stock Awards Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,870,729      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 380,965      
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value As Of Year End Of Outstanding And Unvested Awards Granted In Prior Years Restricted Stock Awards Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 496,569      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,280,827      
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year Restricted Stock Awards Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 385,829      
Non-PEO NEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,144,897      
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value As Of Year End Of Outstanding And Unvested Awards Granted In Prior Years Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (115,604)      
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 104,690      
Non-PEO NEO | Total Equity Awards Adjustments Performance Stock Units [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,133,983      
Non-PEO NEO | Equity Awards Adjustments Year End Fair Value Of Awards Granted In Current Year Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value As Of Year End Of Outstanding And Unvested Awards Granted In Prior Years Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,790,308      
Non-PEO NEO | Total Equity Awards Adjustments Options [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,790,308