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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 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 September 30 were as follows (in millions):
 
Third Quarter
 
First Nine Months
 
2017
 
2018
 
2017
 
2018
Fair value hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Net interest settlements and accruals on hedging instruments
$
50

 
$
(5
)
 
182

 
$
19

Fair value changes on hedging instruments (a)
(40
)
 
(102
)
 
(95
)
 
(531
)
Fair value changes on hedged debt (a)
40

 
110

 
95

 
521

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
Interest rate contracts
20

 
9

 
57

 
(28
)
Foreign currency exchange contracts (b)
(61
)
 
6

 
(151
)
 
104

Cross-currency interest rate swap contracts
5

 
(75
)
 
$
79

 
(258
)
Total
$
14

 
$
(57
)
 
$
167

 
$
(173
)
__________
(a)
For 2017, the fair value changes on hedging instruments and on hedged debt were recorded in Other income, net; effective 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
 
September 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

 
$
27,769

 
$
112

 
$
632

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

 
276

 
137

 
68,226

 
250

 
298

Foreign currency exchange contracts
2,406

 
3

 
10

 
3,510

 
39

 
6

Cross-currency interest rate swap contracts
4,006

 
408

 
28

 
5,649

 
206

 
166

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

 
$
935

 
$
310

 
$
105,154

 
$
607

 
$
1,102

__________
(a)
At December 31, 2017 and September 30, 2018, we held collateral of $15 million and $16 million, respectively, and we posted collateral of $38 million and $59 million, respectively.
(b)
At December 31, 2017 and September 30, 2018, the fair value of assets and liabilities available for counterparty netting was $162 million and $146 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.