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Debt
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] DEBT
Debt outstanding and interest rates were as follows (in millions):
 Interest Rates
DebtAverage ContractualAverage Effective
 December 31,
2024		June 30,
2025		2024202520242025
Short-term debt
Unsecured debt
Floating rate demand notes$12,040 $12,428 
Other short-term debt4,173 3,462 
Asset-backed debt (a)1,200 1,149 
Total short-term debt17,413 17,039 4.7 %4.2 %4.7 %4.2 %
Long-term debt
Unsecured debt
Notes payable within one year12,871 14,362 
Notes payable after one year49,607 52,005 
Asset-backed debt (a)
Notes payable within one year23,050 21,960 
Notes payable after one year36,224 32,615 
Unamortized (discount)/premium(18)(21)
Unamortized issuance costs(235)(235)
Fair value adjustments (b)(1,044)(331)
Total long-term debt120,455 120,355 4.8 %4.7 %4.8 %4.8 %
Total debt$137,868 $137,394 4.8 %4.7 %4.8 %4.7 %
Fair value of debt (c)$140,046 $139,148 
__________
(a)Asset-backed debt issued in securitizations is the obligation of the consolidated securitization entity that issued the debt and is payable only out of collections on the underlying securitized assets and related enhancements. This asset-backed debt is not the obligation of Ford Credit or our other subsidiaries.
(b)These adjustments are related to hedging activity and include discontinued hedging relationship adjustments of $(450) million and $(411) million at December 31, 2024 and June 30, 2025, respectively. The carrying value of hedged debt was $41.1 billion and $41.8 billion at December 31, 2024 and June 30, 2025, respectively.
(c)At December 31, 2024 and June 30, 2025, the fair value of debt includes $16.2 billion and $15.9 billion of short-term debt, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.