Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following table summarizes by hedge designation the pre-tax gains/(losses) recognized in income for the years ended December 31 (in millions):

	2012			2011			2010
Fair value hedges
Interest rate contracts
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	$	177		$	217		$	225
Ineffectiveness (a)	16			(30		)	(6		)
Total	$	193		$	187		$	219
Derivatives not designated as hedging instruments
Interest rate contracts	$	(33	)	$	(25	)	$	20
Foreign currency exchange contracts (b)	(104		)	28			61
Cross-currency interest rate swap contracts (b)	(150		)	(3		)	(1		)
Other (c)	(81		)	65			—
Total	$	(368	)	$	65		$	80

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(a) For 2012, 2011 and 2010, hedge ineffectiveness reflects change in fair value on derivatives of $228 million gain, $433 million gain and $117 million gain, respectively, and change in value on hedged debt attributable to the change in benchmark interest rate of $212 million loss, $463 million loss and $123 million loss, respectively.

(b) Gains/(Losses) related to foreign currency derivatives were mostly offset by net revaluation impacts on foreign denominated debt, which were also recorded in Other income, net.

(c) Reflects gains/(losses) for derivative features included in the Ford Upgrade Exchange Linked ("FUEL") notes (see Note 18).

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the notional amount and estimated fair value of our derivative financial instruments (in millions):

	December 31, 2012						December 31, 2011
	Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Fair value hedges
Interest rate contracts	$	16,754	$	787	$	8	$	7,786	$	526	$	—
Derivatives not designated as hedging instruments
Interest rate contracts	68,622		460		248		70,348		637		237
Foreign currency exchange contracts (a)	1,987		9		27		3,079		53		37
Cross-currency interest rate swap contracts	3,006		—		117		987		12		12
Other (b)	—		—		—		2,500		137		—
Total derivatives not designated as hedging instruments	73,615		469		392		76,914		839		286
Total derivative financial instruments	$	90,369	$	1,256	$	400	$	84,700	$	1,365	$	286

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(a) Includes forward contracts between Ford Credit and an affiliated company.

(b) Represents derivative features included in the FUEL notes. The derivative features included in the FUEL notes were extinguished as a result of the mandatory exchange of the FUEL notes to unsecured notes in the second quarter of 2012 (see Note 18).