Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2020

Financing Receivables [Line Items]

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

Total finance receivables, net were as follows (in millions):

	December 31, 2019			March 31, 2020
Consumer
Retail installment contracts, gross	$	68,998		$	66,201
Finance leases, gross	8,566			8,107
Retail financing, gross	77,564			74,308
Unearned interest supplements from Ford and affiliated companies	(3,589		)	(3,402		)
Consumer finance receivables	73,975			70,906
Non-Consumer
Dealer financing	38,910			39,104
Other financing	1,945			1,967
Non-Consumer finance receivables	40,855			41,071
Total recorded investment	$	114,830		$	111,977
Recorded investment in finance receivables	$	114,830		$	111,977
Allowance for credit losses	(513		)	(1,231		)
Total finance receivables, net	$	114,317		$	110,746
Net finance receivables subject to fair value (a)	$	106,131		$	103,048
Fair value (b)	106,260			103,229

__________

(a) Net finance receivables subject to fair value exclude finance leases. 

(b) The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy.

Schedule of Aging Analysis for Total Finance Receivables [Table Text Block]

The credit quality analysis of consumer receivables at December 31, 2019 was as follows (in millions):

Consumer
31-60 days past due	$	839
61-120 days past due	166
Greater than 120 days past due	35
Total past due	1,040
Current	72,935
Total	$	73,975

The credit quality analysis of consumer receivables at March 31, 2020 was as follows (in millions):

	Amortized Cost Basis by Origination Year
	Prior to 2016		2016		2017		2018		2019		2020		Total
Consumer
31-60 days past due	$	79	$	95	$	139	$	185	$	143	$	10	$	651
61-120 days past due	13		21		36		43		35		1		149
Greater than 120 days past due	16		7		6		6		2		—		37
Total past due	108		123		181		234		180		11		837
Current	2,181		5,084		11,062		19,291		26,245		6,206		70,069
Total	$	2,289	$	5,207	$	11,243	$	19,525	$	26,425	$	6,217	$	70,906

Non-Consumer Segment [Member]

Financing Receivables [Line Items]

Schedule of Financing Receivable Credit Quality Indicators [Table Text Block]

The credit quality analysis of dealer financing receivables at December 31, 2019 was as follows (in millions):

Dealer financing
Group I	$	31,206
Group II	5,407
Group III	2,108
Group IV	189
Total (a)	$	38,910

__________

(a) Total past due dealer financing receivables at December 31, 2019 were $62 million. 

The credit quality analysis of dealer financing receivables at March 31, 2020 was as follows (in millions):

	Amortized Cost Basis by Origination Year
	Prior to 2016		2016		2017		2018		2019		2020		Total		Wholesale Loans		Total
Group I	$	676	$	147	$	154	$	276	$	120	$	122	$	1,495	$	29,438	$	30,933
Group II	31		30		28		14		24		45		172		5,886		6,058
Group III	9		—		4		17		22		17		69		1,943		2,012
Group IV	2		1		—		—		2		4		9		92		101
Total (a)	$	718	$	178	$	186	$	307	$	168	$	188	$	1,745	$	37,359	$	39,104

__________

(a)

Total past due dealer financing receivables at March 31, 2020 were $34 million.