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Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2023
Financing Receivables [Line Items]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Total finance receivables, net at December 31 were as follows (in millions):
20222023
Consumer
Retail installment contracts, gross$67,043 $73,943 
Finance leases, gross6,765 7,793 
Retail financing, gross73,808 81,736 
Unearned interest supplements from Ford and affiliated companies(2,305)(3,344)
   Consumer finance receivables 71,503 78,392 
Non-Consumer
Dealer financing (a)28,408 33,377 
Other financing (b)1,447 1,936 
Non-Consumer finance receivables 29,855 35,313 
Total recorded investment (c)$101,358 $113,705 
Recorded investment in finance receivables$101,358 $113,705 
Allowance for credit losses(845)(882)
Total finance receivables, net$100,513 $112,823 
Net finance receivables subject to fair value (d)$94,090 $105,476 
Fair value 91,410 103,937 
__________
(a)Includes $9.6 billion and $7.9 billion at December 31, 2022 and 2023, respectively, of receivables generated by divisions and affiliates of Ford in connection with vehicle inventories released from Ford and in transit to the destination dealers. Interest earned from Ford and affiliated companies associated with receivables from gate-released vehicles in transit to dealers for the years ended December 31, 2021, 2022, and 2023 was $97 million, $333 million, and $640 million, respectively. Balances at December 31, 2022 and 2023, also include $764 million and $792 million, respectively, of dealer financing receivables with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. For the years ended December 31, 2021, 2022, and 2023, the interest earned on receivables from consolidated subsidiaries of Ford to which we provide dealer financing was $4 million, $6 million, and $19 million, respectively.
(b)Primarily represents other financing receivables with Ford, which includes amounts associated with purchased receivables and receivables associated with the financing of vehicles that Ford leases to employees. Interest earned from Ford and affiliated companies associated with these other financing receivables totaled $46 million, $63 million, and $132 million for the years ended December 31, 2021, 2022, and 2023, respectively.
(c)Earned interest supplements on consumer and non-consumer receivables from Ford and affiliated companies totaled $2.4 billion, $2.1 billion, and $2.3 billion for the years ended December 31, 2021, 2022, and 2023, respectively. Cash received from interest supplements totaled $1.5 billion, $1.4 billion, and $3.0 billion for the years ended December 31, 2021, 2022, and 2023, respectively.
(d)Net finance receivables subject to fair value exclude finance leases.
Financing Receivable, Allowance for Credit Loss
An analysis of the allowance for credit losses related to finance receivables for the years ended December 31 was as follows (in millions):
20222023
ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$903 $22 $925 $838 $7 $845 
Charge-offs (278)(1)(279)(401)(4)(405)
Recoveries165 5 170 151 2 153 
Provision for/(Benefit from) credit losses56 (17)39 280 (2)278 
Other (a)(8)(2)(10)11 — 11 
Ending balance$838 $7 $845 $879 $3 $882 
_________
(a)Primarily represents amounts related to translation adjustments.
Financing Receivable, Past Due
The credit quality analysis of consumer receivables at December 31, 2022 was as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 201820182019202020212022TotalPercent
Consumer
31-60 days past due$41 $60 $91 $181 $150 $126 $649 0.9 %
61-120 days past due9 12 20 39 40 29 149 0.2 
Greater than 120 days past due9 4 5 7 7 6 38 0.1 
Total past due59 76 116 227 197 161 836 1.2 
Current883 2,564 6,149 13,864 18,382 28,825 70,667 98.8 
Total$942 $2,640 $6,265 $14,091 $18,579 $28,986 $71,503 100.0 %

The credit quality analysis of consumer receivables at December 31, 2023 was as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 201920192020202120222023TotalPercent
Consumer
31-60 days past due$40 $49 $130 $125 $187 $159 $690 0.9 %
61-120 days past due9 11 30 37 58 50 195 0.2 
Greater than 120 days past due7 4 7 10 10 5 43 0.1 
Total past due56 64 167 172 255 214 928 1.2 
Current891 2,360 7,395 11,325 20,281 35,212 77,464 98.8 
Total$947 $2,424 $7,562 $11,497 $20,536 $35,426 $78,392 100.0 %
Gross charge-offs$47 $40 $75 $85 $117 $37 $401 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The amounts contractually due on finance leases at December 31, 2023 were as follows (in millions):

Finance Lease Receivables
20242025202620272028ThereafterTotal
Contractual maturity$1,488 $1,686 $1,242 $640 $87 $2 $5,145 
Less: Present value discount358 
   Total finance lease receivables $4,787 

The reconciliation from finance lease receivables to finance leases, gross and finance leases, net at December 31 is as follows (in millions):
20222023
Finance lease receivables$4,297 $4,787 
Unguaranteed residual assets2,389 2,910 
Initial direct costs79 96 
   Finance leases, gross6,765 7,793 
Unearned interest supplements from Ford and affiliated companies(307)(408)
Allowance for credit losses(35)(38)
   Finance leases, net$6,423 $7,347 
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, 2022 was as follows (in millions):
Amortized Cost Basis by Origination Year
Dealer Loans
Prior to 201820182019202020212022TotalWholesale LoansTotalPercent
Group I$402 $148 $35 $67 $185 $224 $1,061 $24,242 $25,303 89.1 %
Group II2 21 — 5 2 42 72 2,751 2,823 9.9 
Group III— — — — — 10 10 233 243 0.9 
Group IV— — 1 — — 3 4 35 39 0.1 
Total (a)$404 $169 $36 $72 $187 $279 $1,147 $27,261 $28,408 100.0 %
__________
(a)Total past due dealer financing receivables at December 31, 2022 were $9 million. 

The credit quality analysis of dealer financing receivables at December 31, 2023 was as follows (in millions):
Amortized Cost Basis by Origination Year
Dealer Loans
Prior to 201920192020202120222023TotalWholesale LoansTotalPercent
Group I$383 $30 $58 $156 $61 $349 $1,037 $29,095 $30,132 90.3 %
Group II16 — 1 3 2 44 66 2,834 2,900 8.7 
Group III— — — — 1 8 9 292 301 0.9 
Group IV— 1 — — — 2 3 41 44 0.1 
Total (a)$399 $31 $59 $159 $64 $403 $1,115 $32,262 $33,377 100.0 %
Gross charge-offs$— $— $— $— $— $1 $1 $3 $4 
__________
(a)Total past due dealer financing receivables at December 31, 2023 were $33 million.