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			June 30, 2020
Consumer
Retail installment contracts, gross	$	68,998		$	70,857
Finance leases, gross	8,566			7,880
Retail financing, gross	77,564			78,737
Unearned interest supplements from Ford and affiliated companies	(3,589		)	(3,844		)
Consumer finance receivables	73,975			74,893
Non-Consumer
Dealer financing	38,910			28,460
Other financing	1,945			1,850
Non-Consumer finance receivables	40,855			30,310
Total recorded investment	$	114,830		$	105,203
Recorded investment in finance receivables	$	114,830		$	105,203
Allowance for credit losses	(513		)	(1,285		)
Total finance receivables, net	$	114,317		$	103,918
Net finance receivables subject to fair value (a)	$	106,131		$	96,418
Fair value (b)	106,260			97,509

__________

(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 June 30, 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	$	45	$	60	$	98	$	135	$	124	$	31	$	493
61-120 days past due	9		17		33		44		40		10		153
Greater than 120 days past due	14		7		8		9		6		—		44
Total past due	68		84		139		188		170		41		690
Current	1,631		4,202		9,593		17,475		24,430		16,872		74,203
Total	$	1,699	$	4,286	$	9,732	$	17,663	$	24,600	$	16,913	$	74,893

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 June 30, 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	$	608	$	132	$	159	$	221	$	98	$	237	$	1,455	$	19,378	$	20,833
Group II	38		32		17		18		7		72		184		5,317		5,501
Group III	9		—		4		17		6		28		64		1,908		1,972
Group IV	2		3		—		—		2		4		11		143		154
Total (a)	$	657	$	167	$	180	$	256	$	113	$	341	$	1,714	$	26,746	$	28,460

__________

(a)

Total past due dealer financing receivables at June 30, 2020 were $143 million.