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Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 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 years ended December 31 were as follows (in millions):
 
2017
 
2018
 
2019
Fair value hedges
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
Net interest settlements and accruals on hedging instruments
$
217

 
$
10

 
$
(16
)
Fair value changes on hedging instruments (a)
(268
)
 
(155
)
 
706

Fair value changes on hedged debt (a)
267

 
153

 
(694
)
Derivatives not designated as hedging instruments
 
 
 
 
 
Interest rate contracts
58

 
(84
)
 
(13
)
Foreign currency exchange contracts (b)
(150
)
 
163

 
52

Cross-currency interest rate swap contracts
103

 
(244
)
 
(229
)
Total
$
227

 
$
(157
)
 
$
(194
)
__________
(a)
For 2017, the fair value changes on hedging instruments and on hedged debt were reported in Other income, net; effective 2018, these amounts were reported in Interest expense.
(b)
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, at December 31 were as follows (in millions):
 
2018
 
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

 
$
26,577

 
$
702

 
$
19

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

 
235

 
274

 
68,914

 
275

 
191

Foreign currency exchange contracts
4,318

 
45

 
24

 
5,540

 
17

 
79

Cross-currency interest rate swap contracts
5,235

 
232

 
157

 
5,849

 
134

 
67

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

 
$
670

 
$
663

 
$
106,880

 
$
1,128

 
$
356

__________
(a)
At December 31, 2018 and 2019, we held collateral of $19 million and $18 million, and we posted collateral of $59 million and $78 million, respectively.
(b)
At December 31, 2018 and 2019, the fair value of assets and liabilities available for counterparty netting was $233 million and $169 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.