Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The gains/(losses), by hedge designation, recorded in income for the years ended December 31 were as follows (in millions):

	2015			2014			2013
Fair value hedges
Interest rate contracts
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	$	370		$	304		$	254
Ineffectiveness (a)	3			20			(44		)
Derivatives not designated as hedging instruments
Interest rate contracts	(58		)	(41		)	(28		)
Foreign currency exchange contracts (b)	66			68			12
Cross-currency interest rate swap contracts	100			161			(88		)
Total	$	481		$	512		$	106

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(a) For 2015, 2014, and 2013, hedge ineffectiveness reflects the net change in fair value on derivatives of $72 million gain, $407 million gain, and $658 million loss, respectively, and change in value on hedged debt attributable to the change in benchmark interest rates of $69 million loss, $387 million loss, and $614 million gain, respectively.

(b) The gains related to forward contracts between Ford Credit and an affiliated company were $66 million, $68 million, and $10 million for the years ended December 31, 2015, 2014, and 2013, respectively.

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

The fair value of our derivative instruments and the associated notional amounts, presented gross, at December 31 were as follows (in millions):

	2015								2014
	Notional		Fair Value of Assets			Fair Value of Liabilities			Notional		Fair Value of Assets			Fair Value of Liabilities
Fair value hedges
Interest rate contracts	$	28,964	$	670		$	16		$	23,203	$	602		$	38
Derivatives not designated as hedging instruments
Interest rate contracts	62,638		159			112			56,558		168			89
Foreign currency exchange contracts (a)	1,713		22			4			1,527		18			1
Cross-currency interest rate swap contracts	3,137		73			111			2,425		71			39
Total derivative financial instruments, gross	$	96,452	924			243			$	83,713	859			167
Counterparty netting and collateral (b)			(167		)	(167		)			(136		)	(136		)
Total derivative financial instruments, net			$	757		$	76				$	723		$	31

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

(b) As of December 31, 2015 and December 31, 2014, we did not receive or pledge any cash collateral.