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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 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 September 30 were as follows (in millions):
 
Third Quarter
 
First Nine Months
 
2018
 
2019
 
2018
 
2019
Fair value hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Net interest settlements and accruals on hedging instruments
$
(5
)
 
$
—

 
$
19

 
$
(32
)
Fair value changes on hedging instruments
(102
)
 
203

 
(531
)
 
927

Fair value changes on hedged debt
110

 
(194
)
 
521

 
(910
)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
Interest rate contracts
9

 
18

 
(28
)
 
(12
)
Foreign currency exchange contracts (a)
6

 
154

 
104

 
188

Cross-currency interest rate swap contracts
(75
)
 
(257
)
 
(258
)
 
(261
)
Total
$
(57
)
 
$
(76
)
 
$
(173
)
 
$
(100
)
__________
(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
 
September 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

 
$
25,235

 
$
789

 
$
10

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

 
235

 
274

 
64,523

 
271

 
290

Foreign currency exchange contracts
4,318

 
45

 
24

 
5,567

 
108

 
18

Cross-currency interest rate swap contracts
5,235

 
232

 
157

 
7,203

 
127

 
319

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

 
$
670

 
$
663

 
$
102,528

 
$
1,295

 
$
637

__________
(a)
At December 31, 2018 and September 30, 2019, we held collateral of $19 million and $24 million, respectively, and we posted collateral of $59 million and $100 million, respectively.
(b)
At December 31, 2018 and September 30, 2019, the fair value of assets and liabilities available for counterparty netting was $233 million and $282 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.