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Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 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 June 30 were as follows (in millions):
 
Second Quarter
 
First Half
 
2018
 
2019
 
2018
 
2019
Fair value hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Net interest settlements and accruals on hedging instruments
$
(2
)
 
$
(12
)
 
$
24

 
$
(32
)
Fair value changes on hedging instruments
(90
)
 
474

 
(429
)
 
724

Fair value changes on hedged debt
82

 
(463
)
 
411

 
(716
)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
Interest rate contracts
(20
)
 
(3
)
 
(37
)
 
(30
)
Foreign currency exchange contracts (a)
110

 
40

 
98

 
34

Cross-currency interest rate swap contracts
(125
)
 
141

 
(183
)
 
(4
)
Total
$
(45
)
 
$
177

 
$
(116
)
 
$
(24
)
__________
(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
 
June 30, 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

 
$
25,308

 
$
687

 
$
13

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

 
235

 
274

 
63,877

 
255

 
270

Foreign currency exchange contracts
4,318

 
45

 
24

 
4,371

 
16

 
31

Cross-currency interest rate swap contracts
5,235

 
232

 
157

 
7,879

 
228

 
163

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

 
$
670

 
$
663

 
$
101,435

 
$
1,186

 
$
477

__________
(a)
At December 31, 2018 and June 30, 2019, we held collateral of $19 million and $24 million, respectively, and we posted collateral of $59 million and $85 million, respectively.
(b)
At December 31, 2018 and June 30, 2019, the fair value of assets and liabilities available for counterparty netting was $233 million and $190 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.