Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table categorizes the fair values of items measured at fair value on a recurring basis on our balance sheet (in millions):

	March 31, 2013								December 31, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents-financial instruments
U.S. government	$	2	$	—	$	—	$	2	$	200	$	—	$	—	$	200
U.S. government-sponsored enterprises	—		136		—		136		—		20		—		20
Corporate debt	—		3		—		3		—		1		—		1
Non-U.S. government	—		42		—		42		—		103		—		103
Total cash equivalents-financial instruments(a)	2		181		—		183		200		124		—		324
Marketable securities
U.S. government	629		—		—		629		620		—		—		620
U.S. government-sponsored enterprises	—		297		—		297		—		12		—		12
Non-U.S. government agencies (b)	—		182		—		182		—		95		—		95
Corporate debt	—		1,120		—		1,120		—		1,155		—		1,155
Mortgage-backed and other asset-backed	—		54		—		54		—		67		—		67
Non-U.S. government	—		39		—		39		—		142		—		142
Other liquid investments (c)	—		10		—		10		—		15		—		15
Total marketable securities	629		1,702		—		2,331		620		1,486		—		2,106
Derivative financial instruments
Interest rate contracts	—		1,181		—		1,181		—		1,247		—		1,247
Foreign currency exchange contracts	—		49		—		49		—		9		—		9
Cross-currency interest rate swap contracts	—		45		—		45		—		—		—		—
Total derivative financial instruments	—		1,275		—		1,275		—		1,256		—		1,256
Total assets at fair value	$	631	$	3,158	$	—	$	3,789	$	820	$	2,866	$	—	$	3,686
Liabilities
Derivative financial instruments
Interest rate contracts	$	—	$	215	$	—	$	215	$	—	$	256	$	—	$	256
Foreign currency exchange contracts	—		10		—		10		—		27		—		27
Cross-currency interest rate swap contracts	—		26		—		26		—		117		—		117
Total derivative financial instruments	—		251		—		251		—		400		—		400
Total liabilities at fair value	$	—	$	251	$	—	$	251	$	—	$	400	$	—	$	400

__________

(a) Excludes time deposits, certificates of deposit, and money market accounts reported at par value on our balance sheet totaling $5.3 billion and $6.3 billion at March 31, 2013 and December 31, 2012, respectively. In addition to these cash equivalents, we also had cash on hand totaling $2.1 billion and $2.6 billion at March 31, 2013 and December 31, 2012, respectively.

(b) Includes notes issued by non-U.S. government agencies, as well as notes issued by supranational institutions.

(c) Includes certificates of deposit and time deposits subject to changes in value.

Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Text Block]

The following table summarizes Level 3 changes for the derivative features included in the FUEL notes which were measured at fair value and reported on our balance sheet for the period ended March 31, 2012 (in millions):

	First Quarter 2012
Beginning balance	$	137
Realized/unrealized gains/(losses) (a)	(38		)
Settlements	—
Ending balance	$	99
Unrealized gains/(losses) on instruments still held	$	(38	)

__________

(a) Reported in Other income, net.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following table summarizes the items measured at fair value subsequent to initial recognition on a nonrecurring basis, all of which are Level 3 (in millions):

	March 31, 2013		December 31, 2012
North America
Retail receivables	$	44	$	52
Dealer loans	1		2
Total North America	$	45	$	54
International
Retail receivables	$	24	$	26

NOTE 12. FAIR VALUE MEASUREMENTS (Continued)

Schedule of Nonrecurring Fair Value Changes [Table Text Block]

The following table summarizes the total change in value of items for which a nonrecurring fair value adjustment has been included in our income statement for the periods ended March 31, related to items still held on our balance sheet at those dates (in millions):

	Total Gains/(Losses)
	First Quarter
	2013			2012
North America
Retail receivables	$	(21	)	$	(11	)
Dealer loans	(1		)	—
Total North America	$	(22	)	$	(11	)
International
Retail receivables	$	(3	)	$	(5	)

Fair Value Inputs Quantitative Information [Table Text Block]

The following table summarizes significant unobservable inputs and the variability of those inputs to alternate methodologies (in millions):

			March 31, 2013		December 31, 2012
	Valuation Technique	Unobservable Input	Fair Value	Fair Value Range	Fair Value	Fair Value Range
Nonrecurring basis
Retail receivables
North America	Income Approach	POD percentage	$44	$30 - $44	$52	$38 - $52
International	Income Approach	ARV percentage	$24	$23 - $26	$26	$25 - $27
Dealer loans	Income Approach	Estimated fair value	$1	$1 - $3	$2	$1 - $3