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Ford Credit Finance Receivables (Tables)
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Ford Credit finance receivables, net were as follows (in millions):
 December 31,
2023		March 31,
2024
Consumer  
Retail installment contracts, gross$73,825 $75,787 
Finance leases, gross7,793 7,999 
Retail financing, gross81,618 83,786 
Unearned interest supplements(3,344)(3,868)
Consumer finance receivables78,274 79,918 
Non-Consumer 
Dealer financing24,683 22,547 
Non-Consumer finance receivables24,683 22,547 
Total recorded investment$102,957 $102,465 
Recorded investment in finance receivables$102,957 $102,465 
Allowance for credit losses(882)(880)
Total finance receivables, net$102,075 $101,585 
Current portion$46,425 $44,600 
Non-current portion55,650 56,985 
Total finance receivables, net$102,075 $101,585 
Net finance receivables subject to fair value (a)$94,728 $94,062 
Fair value (b)93,189 92,715 
__________
(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
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 2,359 7,385 11,301 20,247 35,163 77,346 98.8 
Total$947 $2,423 $7,552 $11,473 $20,502 $35,377 $78,274 100.0 %
Gross charge-offs$47 $40 $75 $85 $117 $37 $401 

The credit quality analysis of consumer receivables at March 31, 2024 was as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202020202021202220232024TotalPercent
Consumer
31 - 60 days past due$63 $98 $103 $164 $172 $12 $612 0.8 %
61 - 120 days past due13 21 27 46 54 2 163 0.2 
Greater than 120 days past due10 8 9 14 8 — 49 — 
Total past due86 127 139 224 234 14 824 1.0 
Current2,392 6,115 9,670 18,171 32,575 10,171 79,094 99.0 
Total$2,478 $6,242 $9,809 $18,395 $32,809 $10,185 $79,918 100.0 %
Gross charge-offs$15 $17 $22 $39 $36 $— $129 
Financing Receivable Credit Quality Indicators
The credit quality analysis of dealer financing receivables at December 31, 2023 was as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 201920192020202120222023TotalTotalPercent
Group I$383 $30 $58 $156 $61 $331 $1,019 $20,419 $21,438 86.9 %
Group II16 — 1 3 2 44 66 2,834 2,900 11.7 
Group III— — — — 1 8 9 292 301 1.2 
Group IV— 1 — — — 2 3 41 44 0.2 
Total (a)$399 $31 $59 $159 $64 $385 $1,097 $23,586 $24,683 100.0 %
Gross charge-offs$— $— $— $— $— $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 March 31, 2024 was as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202020202021202220232024TotalTotalPercent
Group I$299 $60 $111 $61 $268 $133 $932 $18,425 $19,357 85.9 %
Group II16 — 4 2 4 26 52 2,859 2,911 12.9 
Group III— — — — — 7 7 240 247 1.1 
Group IV1 — — — 1 — 2 30 32 0.1 
Total (a)$316 $60 $115 $63 $273 $166 $993 $21,554 $22,547 100.0 %
Gross charge-offs$— $— $— $— $— $— $— $— $— 
__________
(a)Total past due dealer financing receivables at March 31, 2024 were $19 million.
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 2023
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$838 $7 $845 
Charge-offs(96)— (96)
Recoveries38 1 39 
Provision for credit losses78 (1)77 
Other (a)5 — 5 
Ending balance$863 $7 $870 

First Quarter 2024
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$879 $3 $882 
Charge-offs(129)— (129)
Recoveries39 3 42 
Provision for credit losses91 (3)88 
Other (a)(3)— (3)
Ending balance$877 $3 $880 
__________
(a)    Primarily represents amounts related to translation adjustments.