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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2014
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 September 30 (in millions):
 
Third Quarter
 
First Nine Months
 
2014
 
2013
 
2014
 
2013
Fair value hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Net interest settlements and accruals excluded from the assessment of hedge effectiveness
$
79

 
$
63

 
$
220

 
$
186

Ineffectiveness (a)
(2
)
 
(3
)
 
8

 
(33
)
Total
$
77

 
$
60

 
$
228

 
$
153

 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 

 
 

 
 
 
 
Interest rate contracts
$
(10
)
 
$
(18
)
 
$
(37
)
 
$
(20
)
Foreign currency exchange contracts (b)
52

 
(55
)
 
22

 
28

Cross-currency interest rate swap contracts (b)
118

 
(131
)
 
102

 
(37
)
Total
$
160

 
$
(204
)
 
$
87

 
$
(29
)
__________
(a)
For the third quarter of 2014 and 2013, hedge ineffectiveness reflects change in fair value on derivatives of $88 million loss and $67 million gain, respectively, and change in value on hedged debt attributable to the change in benchmark interest rate of $86 million gain and $70 million loss, respectively. For the first nine months of 2014 and 2013, hedge ineffectiveness reflects change in fair value on derivatives of $179 million gain and$501 million loss, respectively, and change in value on hedged debt attributable to the change in benchmark interest rate of $171 million loss and $468 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.
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):
 
September 30, 2014
 
December 31, 2013
 
Notional
 
Fair Value of Assets
 
Fair Value of Liabilities
 
Notional
 
Fair Value of Assets
 
Fair Value of Liabilities
Fair value hedges
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
22,943

 
$
424

 
$
157

 
$
18,778

 
$
360

 
$
179

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
56,607

 
254

 
78

 
69,863

 
224

 
126

Foreign currency exchange contracts (a)
2,324

 
56

 
12

 
2,410

 
1

 
25

Cross-currency interest rate swap contracts
2,513

 
17

 
44

 
2,620

 
—

 
176

Total derivatives not designated as hedging instruments
61,444

 
327

 
134

 
74,893

 
225

 
327

Total derivative financial instruments
$
84,387

 
$
751

 
$
291

 
$
93,671

 
$
585

 
$
506

__________
(a)
Includes forward contracts between Ford Credit and an affiliated company.
Offsetting Derivative Assets and Liabilities [Table Text Block]
The gross and net amounts of derivative assets and liabilities were as follows (in millions):

 
September 30, 2014
 
December 31, 2013
 
Fair Value of Assets
 
Fair Value of Liabilities
 
Fair Value of Assets
 
Fair Value of Liabilities
Gross derivative amounts recognized in the balance sheet
$
751

 
$
291

 
$
585

 
$
506

Gross derivative amounts not offset in the balance sheet that are eligible for offsetting
(242
)
 
(242
)
 
(296
)
 
(296
)
Net amount
$
509

 
$
49

 
$
289

 
$
210