v3.24.3
Ford Credit Finance Receivables - Credit Quality (Details) - Ford Credit - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Credit quality [Line Items]          
Recorded investment $ 110,091   $ 110,091   $ 102,957
Non-accrual of Financing Revenue     90 days    
Financing Receivable, Allowance for Credit Loss, Writeoff 155 $ 105 $ 415 $ 279  
Non-consumer          
Credit quality [Line Items]          
Financing Receivable, Revolving 25,547   25,547   23,586
Recorded investment 26,514   26,514   24,683
Financing Receivable, Revolving, Writeoff     6   3
Financing Receivable, Allowance for Credit Loss, Writeoff 0 $ 0 7 $ 0  
Non-consumer | Group I          
Credit quality [Line Items]          
Financing Receivable, Revolving 23,224   23,224   20,419
Non-consumer | Group II          
Credit quality [Line Items]          
Financing Receivable, Revolving 2,022   2,022   2,834
Non-consumer | Group III          
Credit quality [Line Items]          
Financing Receivable, Revolving 295   295   292
Non-consumer | Group IV          
Credit quality [Line Items]          
Financing Receivable, Revolving 6   6   41
Non-consumer | Dealer Loans          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 293   293   399
Financing Receivable, Originated Four Years before Latest Fiscal Year 63   63   31
Financing Receivable, Originated Three Years before Latest Fiscal Year 108   108   59
Financing Receivable, Originated Two Years before Latest Fiscal Year 50   50   159
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 266   266   64
Financing Receivable, Originated in Current Fiscal Year 187   187   385
Recorded investment 967   967   1,097
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff     1   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   1
Financing Receivable, Allowance for Credit Loss, Writeoff     1   1
Non-consumer | Dealer Loans | Group I          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 284   284   383
Financing Receivable, Originated Four Years before Latest Fiscal Year 63   63   30
Financing Receivable, Originated Three Years before Latest Fiscal Year 105   105   58
Financing Receivable, Originated Two Years before Latest Fiscal Year 48   48   156
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 239   239   61
Financing Receivable, Originated in Current Fiscal Year 156   156   331
Recorded investment 895   895   1,019
Non-consumer | Dealer Loans | Group II          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 9   9   16
Financing Receivable, Originated Four Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 3   3   1
Financing Receivable, Originated Two Years before Latest Fiscal Year 2   2   3
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 26   26   2
Financing Receivable, Originated in Current Fiscal Year 26   26   44
Recorded investment 66   66   66
Non-consumer | Dealer Loans | Group III          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Four Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Two Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 1   1   1
Financing Receivable, Originated in Current Fiscal Year 5   5   8
Recorded investment 6   6   9
Non-consumer | Dealer Loans | Group IV          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Four Years before Latest Fiscal Year 0   0   1
Financing Receivable, Originated Three Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Two Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 0   0   0
Financing Receivable, Originated in Current Fiscal Year 0   0   2
Recorded investment 0   0   3
Non-consumer | Wholesale and Dealer Loans          
Credit quality [Line Items]          
Recorded investment $ 26,514   $ 26,514   $ 24,683
Financing Receivable, Percent of Dealer Finance Receivables 100.00%   100.00%   100.00%
Financing Receivable, Allowance for Credit Loss, Writeoff     $ 7   $ 4
Non-consumer | Wholesale and Dealer Loans | Financing Receivables, Total Past Due          
Credit quality [Line Items]          
Recorded investment $ 3   3   33
Non-consumer | Wholesale and Dealer Loans | Group I          
Credit quality [Line Items]          
Recorded investment $ 24,119   $ 24,119   $ 21,438
Financing Receivable, Percent of Dealer Finance Receivables 91.00%   91.00%   86.90%
Non-consumer | Wholesale and Dealer Loans | Group II          
Credit quality [Line Items]          
Recorded investment $ 2,088   $ 2,088   $ 2,900
Financing Receivable, Percent of Dealer Finance Receivables 7.90%   7.90%   11.70%
Non-consumer | Wholesale and Dealer Loans | Group III          
Credit quality [Line Items]          
Recorded investment $ 301   $ 301   $ 301
Financing Receivable, Percent of Dealer Finance Receivables 1.10%   1.10%   1.20%
Non-consumer | Wholesale and Dealer Loans | Group IV          
Credit quality [Line Items]          
Recorded investment $ 6   $ 6   $ 44
Financing Receivable, Percent of Dealer Finance Receivables 0.00%   0.00%   0.20%