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Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2018
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 periods ended June 30 were as follows (in millions):
 
Second Quarter
 
First Half
 
2017
 
2018
 
2017
 
2018
Fair value hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Net interest settlements and accruals on hedging instruments
$
62

 
$
(2
)
 
$
132

 
$
24

Fair value changes on hedging instruments (a)
34

 
(90
)
 
(55
)
 
(429
)
Fair value changes on hedged debt (a)
(30
)
 
82

 
55

 
411

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
Interest rate contracts
30

 
(20
)
 
37

 
(37
)
Foreign currency exchange contracts (b)
(61
)
 
110

 
(90
)
 
98

Cross-currency interest rate swap contracts
16

 
(125
)
 
74

 
(183
)
Total
$
51

 
$
(45
)
 
$
153

 
$
(116
)
__________
(a)
For the first half of 2017, the fair value changes on hedging instruments and on hedged debt were reported in Other income, net; effective first quarter 2018, these amounts were reported in Interest expense.
(b)
Reflects forward contracts between Ford Credit and an affiliated company.
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, were as follows (in millions):
 
December 31, 2017
 
June 30, 2018
 
Notional
 
Fair Value of Assets
 
Fair Value of Liabilities
 
Notional
 
Fair Value of Assets
 
Fair Value of Liabilities
Fair value hedges
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
28,008

 
$
248

 
$
135

 
$
26,033

 
$
137

 
$
441

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
60,504

 
276

 
137

 
65,447

 
247

 
255

Foreign currency exchange contracts
2,406

 
3

 
10

 
3,798

 
55

 
17

Cross-currency interest rate swap contracts
4,006

 
408

 
28

 
5,852

 
270

 
143

Total derivative financial instruments, gross (a) (b)
$
94,924

 
$
935

 
$
310

 
$
101,130

 
$
709

 
$
856

__________
(a)
At December 31, 2017 and June 30, 2018, we held collateral of $15 million and $9 million, respectively, and we posted collateral of $38 million and $56 million, respectively.
(b)
At December 31, 2017 and June 30, 2018, the fair value of assets and liabilities available for counterparty netting was $162 million and $212 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.