Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2013

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 periods ended March 31 (in millions):

	First Quarter
	2013			2012
Fair value hedges
Interest rate contracts
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	$	61		$	41
Ineffectiveness (a)	(6		)	1
Total	$	55		$	42
Derivatives not designated as hedging instruments
Interest rate contracts	$	2		$	(9	)
Foreign currency exchange contracts (b)	75			(62		)
Cross-currency interest rate swap contracts (b)	138			(48		)
Other (c)	—			(38		)
Total	$	215		$	(157	)

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(a) For the first quarter of 2013 and 2012, hedge ineffectiveness reflects change in fair value on derivatives of $91 million loss and $80 million loss, respectively, and change in value on hedged debt attributable to the change in benchmark interest rate of $85 million gain and $81 million gain, 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 12).

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):

	March 31, 2013						December 31, 2012
	Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Fair value hedges
Interest rate contracts	$	18,144	$	723	$	28	$	16,754	$	787	$	8
Derivatives not designated as hedging instruments
Interest rate contracts	65,203		458		187		68,622		460		248
Foreign currency exchange contracts (a)	1,971		49		10		1,987		9		27
Cross-currency interest rate swap contracts	3,349		45		26		3,006		—		117
Total derivatives not designated as hedging instruments	70,523		552		223		73,615		469		392
Total derivative financial instruments	$	88,667	$	1,275	$	251	$	90,369	$	1,256	$	400

__________

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

OffsettingDerivativeAssetsandLiabilitiesTableText Block [Line Items]

Offsetting Derivative Assets and Liabilities [Table Text Block]

The gross and net amounts of derivative assets and liabilities were as follows (in millions):

	March 31, 2013						December 31, 2012
	Fair Value of Assets			Fair Value of Liabilities			Fair Value of Assets			Fair Value of Liabilities
Gross derivative amounts recognized in the balance sheet	$	1,275		$	251		$	1,256		$	400
Gross amounts not offset in the balance sheet that are eligible for offsetting
Derivatives	(174		)	(174		)	(225		)	(225		)
Cash collateral received or pledged	—			—			—			—
Net amount	$	1,101		$	77		$	1,031		$	175