Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2018

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

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



	2017			2018
Consumer
Retail financing, gross	$	78,467		$	79,747
Unearned interest supplements from Ford and affiliated companies	(3,280		)	(3,508		)
Consumer finance receivables	75,187			76,239

Non-Consumer
Dealer financing (a)	39,241			40,996
Other financing (b)	2,172			2,168
Non-Consumer finance receivables	41,413			43,164
Total recorded investment (c)	$	116,600		$	119,403

Recorded investment in finance receivables	$	116,600		$	119,403
Allowance for credit losses	(597		)	(589		)
Finance receivables, net	$	116,003		$	118,814

Net finance receivables subject to fair value (d)	$	112,717		$	115,059
Fair value	112,133			114,593

__________

(a)

At December 31, 2017 and 2018, includes $4.8 billion and $6.0 billion, respectively, of receivables generated by divisions and affiliates of Ford in connection with vehicle inventories released from Ford and in transit to the destination dealers. The amount of interest earned from Ford and affiliated companies associated with receivables from gate-released vehicles in transit to dealers for the years ended December 31, 2016, 2017 and 2018 was $129 million, $166 million, and $261 million, respectively. At December 31, 2017 and 2018, also includes $466 million and $662 million, respectively, of dealer financing receivables with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. For the years ended December 31, 2016, 2017, and 2018, the interest earned on receivables from consolidated subsidiaries of Ford to which we provide dealer financing was $9 million, $7 million, and $8 million, respectively. Consolidated subsidiaries of Ford include dealerships that are partially owned by Ford as consolidated VIEs and also certain overseas affiliates.

(b)

This amount represents other financing receivables with Ford and entities (primarily dealers) that are reported as consolidated subsidiaries of Ford, which includes amounts associated with purchased receivables and receivables associated with the financing of vehicles that Ford leases to employees. The amount of interest earned from Ford and affiliated companies associated with these other financing receivables totaled $38 million, $70 million, and $84 million for the years ended December 31, 2016, 2017, and 2018, respectively.

(c)

The amount of earned interest supplements on consumer and non-consumer receivables from Ford and affiliated companies totaled $1.6 billion, $2.0 billion, and $2.4 billion, for the years ended December 31, 2016, 2017, and 2018, respectively. The related amount of cash received from interest supplements totaled $2.3 billion, $2.3 billion, and $2.7 billion for the years ended December 31, 2016, 2017, and 2018, respectively.


(d)	At December 31, 2017 and 2018, Finance receivables, net includes $3.3 billion and $3.8 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, 2018 reflect contractual repayments due from customers or borrowers and were as follows (in millions):



	Due in Year Ending December 31,
	2019		2020		2021		Thereafter		Total
Consumer
Retail financing, gross (a)	$	23,689	$	20,518	$	16,716	$	18,824	$	79,747

Non-Consumer
Dealer financing	38,589		972		200		1,235		40,996
Other financing	2,154		5		6		3		2,168
Total finance receivables	$	64,432	$	21,495	$	16,922	$	20,062	$	122,911

__________


(a)	Contractual maturities of retail financing, gross include $309 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):



	2017		2018
Consumer
31-60 days past due	$	748	$	859
61-90 days past due	113		123
91-120 days past due	36		39
Greater than 120 days past due	37		39
Total past due	934		1,060
Current	74,253		75,179
Consumer finance receivables	75,187		76,239

Non-Consumer
Total past due	122		76
Current	41,291		43,088
Non-Consumer finance receivables	41,413		43,164
Total recorded investment	$	116,600	$	119,403

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):



	2017		2018
Dealer financing
Group I	$	31,551	$	33,656
Group II	5,912		5,635
Group III	1,640		1,576
Group IV	138		129
Total recorded investment	$	39,241	$	40,996