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Derivative Financial Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2019
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, reported in income for the periods ended March 31 were as follows (in millions):
 
First Quarter
 
2018
 
2019
Fair value hedges
 
 
 
Interest rate contracts
 
 
 
Net interest settlements and accruals on hedging instruments
$
26

 
$
(20
)
Fair value changes on hedging instruments
(339
)
 
250

Fair value changes on hedged debt
329

 
(253
)
Derivatives not designated as hedging instruments
 
 
 
Interest rate contracts
(17
)
 
(27
)
Foreign currency exchange contracts (a)
(12
)
 
(6
)
Cross-currency interest rate swap contracts
(58
)
 
(145
)
Total
$
(71
)
 
$
(201
)
__________
(a)
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, 2018
 
March 31, 2019
 
Notional
 
Fair Value of Assets
 
Fair Value of Liabilities
 
Notional
 
Fair Value of Assets
 
Fair Value of Liabilities
Fair value hedges
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
22,989

 
$
158

 
$
208

 
$
23,894

 
$
217

 
$
143

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
76,904

 
235

 
274

 
67,726

 
216

 
295

Foreign currency exchange contracts
4,318

 
45

 
24

 
3,893

 
52

 
30

Cross-currency interest rate swap contracts
5,235

 
232

 
157

 
6,331

 
146

 
216

Total derivative financial instruments, gross (a) (b)
$
109,446

 
$
670

 
$
663

 
$
101,844

 
$
631

 
$
684

__________
(a)
At December 31, 2018 and March 31, 2019, we held collateral of $19 million and $26 million, respectively, and we posted collateral of $59 million and $63 million, respectively.
(b)
At December 31, 2018 and March 31, 2019, the fair value of assets and liabilities available for counterparty netting was $233 million and $219 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.