v3.22.2.2
Revenue (Notes)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
    The following tables disaggregate our revenue by major source for the periods ended September 30 (in millions):
Third Quarter 2021
Company excluding Ford CreditFord CreditConsolidated
Vehicles, parts, and accessories$32,072 $— $32,072 
Used vehicles450 — 450 
Services and other revenue (a)659 58 717 
Revenues from sales and services
33,181 58 33,239 
Leasing income68 1,285 1,353 
Financing income— 1,080 1,080 
Insurance income— 11 11 
Total revenues$33,249 $2,434 $35,683 
Third Quarter 2022
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$36,111 $— $36,111 
Used vehicles378 — 378 
Services and other revenue (a)664 13 677 
Revenues from sales and services
37,153 13 37,166 
Leasing income52 1,123 1,175 
Financing income— 1,037 1,037 
Insurance income— 14 14 
Total revenues$37,205 $2,187 $39,392 
First Nine Months 2021
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$86,870 $— $86,870 
Used vehicles1,947 — 1,947 
Services and other revenue (a)1,923 122 2,045 
Revenues from sales and services
90,740 122 90,862 
Leasing income223 4,032 4,255 
Financing income— 3,497 3,497 
Insurance income— 49 49 
Total revenues$90,963 $7,700 $98,663 
First Nine Months 2022
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$103,933 $— $103,933 
Used vehicles1,180 — 1,180 
Services and other revenue (a)2,063 84 2,147 
Revenues from sales and services
107,176 84 107,260 
Leasing income158 3,500 3,658 
Financing income— 3,103 3,103 
Insurance income— 37 37 
Total revenues$107,334 $6,724 $114,058 
__________
(a)Includes extended service contract revenue.
NOTE 3. REVENUE (Continued)

The amount of consideration we receive and revenue we recognize on our vehicles, parts, and accessories varies with changes in return rights and marketing incentives we offer to our customers and their customers. Estimates of marketing incentives are based on expected retail and fleet sales volumes, mix of products to be sold, and incentive programs to be offered. Customer acceptance of products and programs, as well as other market conditions, will impact these estimates. As a result of changes in our estimate of marketing incentives, we recorded an increase of $110 million in the third quarter of 2021 and a decrease of $37 million in the third quarter of 2022 related to revenue recognized in prior periods.

We had a balance of $4.3 billion of unearned revenue associated primarily with outstanding extended service contracts reported in Other liabilities and deferred revenue at December 31, 2021 and September 30, 2022. We expect to recognize approximately $400 million of the unearned amount in the remainder of 2022, $1.3 billion in 2023, and $2.6 billion thereafter. We recognized $333 million and $343 million of unearned amounts as revenue during the third quarter of 2021 and 2022, respectively, and $1.0 billion and $1.1 billion in the first nine months of 2021 and 2022, respectively.

Amounts paid to dealers to obtain extended service contracts are deferred and recorded as Other assets. We had a balance of $309 million and $308 million in deferred costs as of December 31, 2021 and September 30, 2022, respectively. We recognized $21 million and $22 million of amortization during the third quarter of 2021 and 2022, respectively, and $60 million and $66 million in the first nine months of 2021 and 2022, respectively.