Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Financing Receivable, Allowance for Credit Loss

An analysis of the allowance for credit losses related to finance receivables for the periods ended March 31 was as follows (in millions):

	First Quarter 2024						First Quarter 2025
	Consumer		Non-Consumer		Total		Consumer		Non-Consumer		Total
Allowance for credit losses
Beginning balance	$	879	$	3	$	882	$	860	$	4	$	864
Charge-offs	(129)		—		(129)		(166)		(1)		(167)
Recoveries	39		3		42		40		—		40
Provision for credit losses	91		(3)		88		135		5		140
Other (a)	(3)		—		(3)		3		1		4
Ending balance	$	877	$	3	$	880	$	872	$	9	$	881

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(a)Primarily represents amounts related to foreign currency translation adjustments.

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

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

	December 31, 2024		March 31, 2025
Consumer
Retail installment contracts, gross	$	79,573	$	78,274
Finance leases, gross	8,357		8,841
Retail financing, gross	87,930		87,115
Unearned interest supplements from Ford and affiliated companies	(4,598)		(4,469)
Consumer finance receivables	83,332		82,646
Non-Consumer
Dealer financing	37,384		34,941
Other financing	2,098		2,465
Non-Consumer finance receivables	39,482		37,406
Total recorded investment	$	122,814	$	120,052
Recorded investment in finance receivables	$	122,814	$	120,052
Allowance for credit losses	(864)		(881)
Total finance receivables, net	$	121,950	$	119,171
Net finance receivables subject to fair value (a)	$	114,069	$	110,846
Fair value (b)	113,545		110,801

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(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.

Financing Receivable, Past Due [Table Text Block]

The credit quality analysis of consumer receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):

	Amortized Cost Basis by Origination Year
	Prior to 2020		2020		2021		2022		2023		2024		Total		Percent
Consumer
31-60 days past due	$	43	$	93	$	104	$	187	$	242	$	203	$	872	1.0	%
Greater than 60 days past due	15		27		35		57		82		59		275		0.4
Total past due	58		120		139		244		324		262		1,147		1.4
Current	788		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

The credit quality analysis of consumer receivables at March 31, 2025 and gross charge-offs during the period ended March 31, 2025 were as follows (in millions):

	Amortized Cost Basis by Origination Year
	Prior to 2021		2021		2022		2023		2024		2025		Total		Percent
Consumer
31-60 days past due	$	99	$	86	$	162	$	226	$	224	$	11	$	808	1.0	%
Greater than 60 days past due	28		26		47		66		63		3		233		0.3
Total past due	127		112		209		292		287		14		1,041		1.3
Current	3,034		4,518		10,659		21,957		34,228		7,209		81,605		98.7
Total	$	3,161	$	4,630	$	10,868	$	22,249	$	34,515	$	7,223	$	82,646	100.0	%
Gross charge-offs	$	19	$	16	$	35	$	50	$	45	$	1	$	166

Financing Receivables Credit Quality Indicators [Table Text Block]

The credit quality analysis of dealer financing receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):

	Amortized Cost Basis by Origination Year
	Dealer Loans
	Prior to 2020		2020		2021		2022		2023		2024		Total		Wholesale Loans		Total		Percent
Group I	$	270	$	63	$	97	$	47	$	231	$	245	$	953	$	33,345	$	34,298	91.7	%
Group II	13		—		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

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(a)Total past due dealer financing receivables at December 31, 2024 were $8 million. 

The credit quality analysis of dealer financing receivables at March 31, 2025 and gross charge-offs during the period ended March 31, 2025 were as follows (in millions):

	Amortized Cost Basis by Origination Year
	Dealer Loans
	Prior to 2021		2021		2022		2023		2024		2025		Total		Wholesale Loans		Total		Percent
Group I	$	338	$	88	$	36	$	211	$	136	$	99	$	908	$	30,780	$	31,688	90.7	%
Group II	6		2		3		31		11		30		83		2,503		2,586		7.4
Group III	—		—		—		—		—		14		14		574		588		1.7
Group IV	—		—		—		3		—		1		4		75		79		0.2
Total (a)	$	344	$	90	$	39	$	245	$	147	$	144	$	1,009	$	33,932	$	34,941	100.0	%
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1	$	1

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(a)Total past due dealer financing receivables at March 31, 2025 were $7 million.