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Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2024
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):
20232024
Consumer
Retail installment contracts, gross$73,943 $79,573 
Finance leases, gross7,793 8,357 
Retail financing, gross81,736 87,930 
Unearned interest supplements from Ford and affiliated companies(3,344)(4,598)
   Consumer finance receivables 78,392 83,332 
Non-Consumer
Dealer financing (a)33,377 37,384 
Other financing (b)1,936 2,098 
Non-Consumer finance receivables 35,313 39,482 
Total recorded investment (c)$113,705 $122,814 
Recorded investment in finance receivables$113,705 $122,814 
Allowance for credit losses(882)(864)
Total finance receivables, net$112,823 $121,950 
Net finance receivables subject to fair value (d)$105,476 $114,069 
Fair value 103,937 113,545 
__________
(a)Includes $7.9 billion and $7.1 billion at December 31, 2023 and 2024, 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, 2022, 2023, and 2024 was $333 million, $640 million, and $716 million, respectively. Balances at December 31, 2023 and 2024, also include $792 million and $988 million, respectively, of dealer financing receivables with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. For the years ended December 31, 2022, 2023, and 2024, the interest earned on receivables from consolidated subsidiaries of Ford to which we provide dealer financing was $6 million, $19 million, and $16 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.
(c)Earned interest supplements on consumer and non-consumer receivables from Ford and affiliated companies totaled $2.1 billion, $2.3 billion, and $2.9 billion for the years ended December 31, 2022, 2023, and 2024, respectively. Cash received from interest supplements totaled $1.4 billion, $3.0 billion, and $4.3 billion for the years ended December 31, 2022, 2023, and 2024, respectively. Interest supplements due from Ford included in Notes and accounts receivable from affiliated companies totaled $130 million, $318 million, and $269 million for the years ended December 31, 2022, 2023, and 2024, respectively, and is a non-cash investing transaction in our consolidated statement of cash flows.
(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):
20232024
ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$838 $7 $845 $879 $3 $882 
Charge-offs (401)(4)(405)(568)(7)(575)
Recoveries151 2 153 160 3 163 
Provision for credit losses280 (2)278 412 5 417 
Other (a)11 — 11 (23)— (23)
Ending balance$879 $3 $882 $860 $4 $864 
_________
(a)Primarily represents amounts related to foreign currency translation adjustments.
Financing Receivable, Past Due
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 

The credit quality analysis of consumer receivables at December 31, 2024 was as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202020202021202220232024TotalPercent
Consumer
31-60 days past due$43 $93 $104 $187 $242 $203 $872 1.0 %
61-120 days past due8 20 27 46 70 54 225 0.3 
Greater than 120 days past due7 7 8 11 12 5 50 0.1 
Total past due58 120 139 244 324 262 1,147 1.4 
Current788 3,162 5,465 12,298 24,189 36,283 82,185 98.6 
Total$846 $3,282 $5,604 $12,542 $24,513 $36,545 $83,332 100.0 %
Gross charge-offs$46 $58 $71 $152 $191 $50 $568 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The amounts contractually due on finance leases at December 31, 2024 were as follows (in millions):

Finance Lease Receivables
20252026202720282029ThereafterTotal
Contractual maturity$1,848 $1,658 $1,345 $868 $122 $4 $5,845 
Less: Present value discount478 
   Total finance lease receivables $5,367 

The reconciliation from finance lease receivables to finance leases, gross and finance leases, net at December 31 is as follows (in millions):
20232024
Finance lease receivables$4,787 $5,367 
Unguaranteed residual assets2,910 2,883 
Initial direct costs96 107 
   Finance leases, gross7,793 8,357 
Unearned interest supplements from Ford and affiliated companies(408)(437)
Allowance for credit losses(38)(39)
   Finance leases, net$7,347 $7,881 
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, 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. 

The credit quality analysis of dealer financing receivables at December 31, 2024 was as follows (in millions):
Amortized Cost Basis by Origination Year
Dealer Loans
Prior to 202020202021202220232024TotalWholesale LoansTotalPercent
Group I$270 $63 $97 $47 $231 $245 $953 $33,345 $34,298 91.7 %
Group II13 — 3 1 28 31 76 2,494 2,570 6.9 
Group III— — 2 — 1 4 7 462 469 1.3 
Group IV— — — — — 1 1 46 47 0.1 
Total (a)$283 $63 $102 $48 $260 $281 $1,037 $36,347 $37,384 100.0 %
Gross charge-offs$1 $— $— $— $— $— $1 $6 $7 
__________
(a)Total past due dealer financing receivables at December 31, 2024 were $8 million.