Finance Receivables (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Finance receivables, net were as follows (in millions):



	September 30, 2012									December 31, 2011
	North America			International			Total Finance Receivables			North America			International			Total Finance Receivables
Consumer
Retail, gross	$	39,279		$	8,072		$	47,351		$	38,406		$	8,124		$	46,530
Less: Unearned interest supplements (a)	(1,326		)	(214		)	(1,540		)	(1,407		)	(217		)	(1,624		)
Retail	37,953			7,858			45,811			36,999			7,907			44,906
Direct financing leases, gross	31			845			876			4			988			992
Less: Unearned interest supplements (a)	—			(17		)	(17		)	—			(19		)	(19		)
Direct financing leases	31			828			859			4			969			973
Consumer finance receivables (b)	$	37,984		$	8,686		$	46,670		$	37,003		$	8,876		$	45,879

Non-Consumer
Wholesale	$	15,583		$	7,022		$	22,605		$	15,480		$	8,516		$	23,996
Dealer loans	1,161			58			1,219			1,103			63			1,166
Other (c)	1,021			392			1,413			988			372			1,360
Non-Consumer finance receivables (b)(d)	17,765			7,472			25,237			17,571			8,951			26,522
Total recorded investment	$	55,749		$	16,158		$	71,907		$	54,574		$	17,827		$	72,401

Recorded investment in finance receivables (e)	$	55,749		$	16,158		$	71,907		$	54,574		$	17,827		$	72,401
Less: Allowance for credit losses	(298		)	(92		)	(390		)	(388		)	(106		)	(494		)
Finance receivables, net	$	55,451		$	16,066		$	71,517		$	54,186		$	17,721		$	71,907

Net finance receivables subject to fair value (f)							$	70,652								$	70,926
Fair value							72,560									72,466

__________


(a)	Ford-sponsored special-rate financing attributable to retail contracts and direct financing leases.

(b)

At September 30, 2012 and December 31, 2011, includes North America consumer receivables of $23.9 billion and $29.4 billion and non-consumer receivables of $14.2 billion and $14.2 billion, respectively, and International consumer receivables of $5.7 billion and $6.6 billion and non-consumer receivables of $4.3 billion and $5.6 billion, respectively, that have been sold for legal purposes in securitization transactions but continue to be reported in our consolidated financial statements. The receivables are available only for payment of the debt and other obligations issued or arising in the securitization transactions; they are not available to pay our other obligations or the claims of our other creditors. We hold the right to receive the excess cash flows not needed to pay the debt and other obligations issued or arising in securitization transactions. See Note 5 for additional information.

(c)

At September 30, 2012 and December 31, 2011, other receivables includes $599 million and $590 million, respectively, of receivables purchased from certain divisions and affiliates of Ford in the U.S. where control is retained by the seller and $149 million and $265 million, respectively, of receivables related to certain used vehicles from daily rental fleet companies where we are serving as Ford's agent.

(d)

At September 30, 2012 and December 31, 2011, includes $66 million and $67 million, respectively, of North America wholesale receivables and $15 million and $16 million, respectively, of North America dealer loans with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. At September 30, 2012 and December 31, 2011, includes $362 million and $305 million, respectively, of International wholesale receivables with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. The associated vehicles that are being financed by us are reported as inventory on Ford's balance sheet.


(e)	At September 30, 2012 and December 31, 2011, excludes $173 million and $180 million, respectively, of accrued uncollected interest receivables, which we report in Other assets on our balance sheet.


(f)	At September 30, 2012 and December 31, 2011, excludes $877 million and $1.0 billion, respectively, of certain receivables (primarily direct financing leases) that are not subject to fair value disclosure requirements. All finance receivables are categorized within Level 3 of the fair value hierarchy. See Note 12 for additional information.

Schedule of Aging Analysis for Total Finance Receivables [Table Text Block]

The aging analysis of our finance receivables balances at September 30, 2012 was as follows (in millions):



	31-60 Days Past Due		61-90 Days Past Due		91-120 Days Past Due		Greater Than 120 Days Past Due		Total Past Due		Current		Total Finance Receivables
North America
Consumer
Retail	$	625	$	72	$	20	$	55	$	772	$	37,181	$	37,953
Direct financing leases	—		—		—		—		—		31		31
Non-Consumer
Wholesale	—		1		1		2		4		15,579		15,583
Dealer loans	3		4		4		11		22		1,139		1,161
Other	—		—		—		—		—		1,021		1,021
Total North America recorded investment	628		77		25		68		798		54,951		55,749

International
Consumer
Retail	33		18		10		28		89		7,769		7,858
Direct financing leases	4		2		1		3		10		818		828
Non-Consumer
Wholesale	1		—		—		4		5		7,017		7,022
Dealer loans	—		—		—		1		1		57		58
Other	—		—		—		2		2		390		392
Total International recorded investment	38		20		11		38		107		16,051		16,158
Total recorded investment	$	666	$	97	$	36	$	106	$	905	$	71,002	$	71,907

Consumer Portfolio Segment [Member]

Financing Receivables [Line Items]

Schedule of Financing Receivable Credit Quality Indicators [Table Text Block]

The credit quality analysis of our consumer receivables portfolio was as follows (in millions):



	September 30, 2012				December 31, 2011
	Retail		Direct Financing Leases		Retail		Direct Financing Leases
North America
Pass	$	37,806	$	31	$	36,839	$	4
Special Mention	92		—		90		—
Substandard	55		—		70		—
Total North America recorded investment	37,953		31		36,999		4

International
Pass	7,802		822		7,834		962
Special Mention	28		3		33		4
Substandard	28		3		40		3
Total International recorded investment	7,858		828		7,907		969
Total recorded investment	$	45,811	$	859	$	44,906	$	973

Commercial Portfolio Segment [Member]

Financing Receivables [Line Items]

Schedule of Financing Receivable Credit Quality Indicators [Table Text Block]

The credit quality analysis of our wholesale and dealer loan receivables was as follows (in millions):



	September 30, 2012				December 31, 2011
	Wholesale		Dealer Loan		Wholesale		Dealer Loan
North America
Group I	$	13,000	$	958	$	12,712	$	876
Group II	2,322		149		2,489		165
Group III	247		48		273		58
Group IV	14		6		6		4
Total North America recorded investment	15,583		1,161		15,480		1,103

International
Group I	4,611		38		5,277		42
Group II	1,329		10		1,912		10
Group III	1,078		9		1,318		10
Group IV	4		1		9		1
Total International recorded investment	7,022		58		8,516		63
Total recorded investment	$	22,605	$	1,219	$	23,996	$	1,166