Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Finance receivables, net at December 31 were as follows (in millions):



	2016			2017
Consumer
Retail financing, gross	$	68,121		$	78,467
Unearned interest supplements from Ford and affiliated companies	(2,783		)	(3,280		)
Consumer finance receivables	65,338			75,187

Non-Consumer
Dealer financing (a)	36,951			39,241
Other financing	1,176			2,172
Non-Consumer finance receivables (b)	38,127			41,413
Total recorded investment (c)	$	103,465		$	116,600

Recorded investment in finance receivables	$	103,465		$	116,600
Allowance for credit losses	(484		)	(597		)
Finance receivables, net	$	102,981		$	116,003

Net finance receivables subject to fair value (d)	$	100,857		$	112,717
Fair value	101,576			112,133

__________

(a)

At December 31, 2016 and 2017, includes $5.2 billion and $4.8 billion, respectively, of receivables generated by divisions and affiliates of Ford in connection with vehicle inventories released from Ford and in delivery to the destination dealers, and $399 million and $466 million, respectively, of dealer financing receivables with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. For the years ended December 31, 2015, 2016, and 2017, the interest earned on receivables from consolidated subsidiaries of Ford to which we provide financing was $6 million, $9 million, and $7 million, respectively. Consolidated subsidiaries of Ford include dealerships that are partially owned by Ford as consolidated VIEs and also certain overseas affiliates. The associated vehicles that are being financed by us are reported as inventory on Ford’s balance sheet.


(b)	The amount of interest earned from Ford and affiliated companies associated with purchased receivables and receivables from gate released vehicles in transit to dealers for the years ended December 31, 2015, 2016, and 2017, were $183 million, $167 million, and $236 million, respectively.

(c)

The amount of earned interest supplements on consumer and non-consumer receivables from Ford and affiliated companies, and revenue earned from Ford on the financing of vehicles that Ford leases to employees, totaled $1.3 billion, $1.6 billion, and $2.0 billion, for the years ended December 31, 2015, 2016, and 2017, respectively. The related amount of cash received from interest supplements totaled $1.8 billion, $2.3 billion, and $2.3 billion, for the years ended December 31, 2015, 2016, and 2017, respectively.


(d)	At December 31, 2016 and 2017, Finance receivables, net includes $2.1 billion and $3.3 billion, respectively, of direct financing leases that are not subject to fair value disclosure requirements.

Schedule of Financing Receivables, Minimum Payments [Table Text Block]

Contractual maturities of total finance receivables outstanding at December 31, 2017 reflect contractual repayments due from customers or borrowers and were as follows (in millions):



	Due in Year Ending December 31,
	2018		2019		2020		Thereafter		Total
Consumer
Retail financing, gross (a)	$	23,039	$	20,380	$	16,162	$	18,886	$	78,467

Non-Consumer
Dealer financing	35,595		2,142		188		1,316		39,241
Other financing	2,161		3		3		5		2,172
Total finance receivables	$	60,795	$	22,525	$	16,353	$	20,207	$	119,880

__________


(a)	Contractual maturities of retail financing, gross include $436 million of estimated unguaranteed residual values related to direct financing leases.

Schedule of Aging Analysis for Total Finance Receivables [Table Text Block]

The aging analysis of finance receivables balances at December 31 was as follows (in millions):



	2016		2017
Consumer
31-60 days past due	$	760	$	748
61-90 days past due	114		113
91-120 days past due	34		36
Greater than 120 days past due	39		37
Total past due	947		934
Current	64,391		74,253
Consumer finance receivables	65,338		75,187

Non-Consumer
Total past due	107		122
Current	38,020		41,291
Non-Consumer finance receivables	38,127		41,413
Total recorded investment	$	103,465	$	116,600

Non-Consumer Segment [Member]

Financing Receivables [Line Items]

Schedule of Financing Receivable Credit Quality Indicators [Table Text Block]

The credit quality analysis of our dealer financing receivables at December 31 was as follows (in millions):



	2016		2017
Dealer financing
Group I	$	29,926	$	31,551
Group II	5,552		5,912
Group III	1,380		1,640
Group IV	93		138
Total recorded investment	$	36,951	$	39,241