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Ford Credit Finance Receivables and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Net finance receivables [Table Text Block]
Ford Credit finance receivables, net at December 31 were as follows (in millions):
 20232024
Consumer  
Retail installment contracts, gross$73,825 $79,459 
Finance leases, gross7,793 8,357 
Retail financing, gross81,618 87,816 
Unearned interest supplements(3,344)(4,598)
Consumer finance receivables78,274 83,218 
Non-Consumer 
Dealer financing24,683 29,282 
Non-Consumer finance receivables24,683 29,282 
Total recorded investment$102,957 $112,500 
Recorded investment in finance receivables$102,957 $112,500 
Allowance for credit losses(882)(864)
Total finance receivables, net$102,075 $111,636 
Current portion$46,425 $51,850 
Non-current portion55,650 59,786 
Total finance receivables, net$102,075 $111,636 
Net finance receivables subject to fair value (a)$94,728 $103,755 
Fair value (b)93,189 103,231 
__________
(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.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity [Table Text Block]
The amounts contractually due on Ford Credit’s finance leases at December 31 were as follows (in millions):
 2024
2025$1,848 
20261,658 
20271,345 
2028868 
2029122 
Thereafter4 
Total future cash payments5,845 
Less: Present value discount478 
Finance lease receivables$5,367 
Sales-Type and Direct Financing Leases [Table Text Block]
The reconciliation from finance lease receivables to finance leases, gross and finance leases, net at December 31 is as follows (in millions):
 20232024
Finance lease receivables$4,787 $5,367 
Unguaranteed residual assets2,910 2,883 
Initial direct costs96 107 
Finance leases, gross7,793 8,357 
Unearned interest supplements from Ford and affiliated companies(408)(437)
Allowance for credit losses(38)(39)
Finance leases, net$7,347 $7,881 
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 December 31, 2024 was as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202020202021202220232024TotalPercent
Consumer
31 - 60 days past due$43 $93 $104 $187 $242 $203 $872 1.0 %
61 - 120 days past due8 20 27 46 70 54 225 0.3 
Greater than 120 days past due7 7 8 11 12 5 50 0.1 
Total past due58 120 139 244 324 262 1,147 1.4 
Current788 3,162 5,458 12,275 24,153 36,235 82,071 98.6 
Total$846 $3,282 $5,597 $12,519 $24,477 $36,497 $83,218 100.0 %
Gross charge-offs$46 $58 $71 $152 $191 $50 $568 
Financing receivable credit quality indicators [Table Text Block]
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 December 31, 2024 was as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202020202021202220232024TotalTotalPercent
Group I$270 $63 $97 $47 $217 $245 $939 $25,257 $26,196 89.4 %
Group II13 — 3 1 28 31 76 2,494 2,570 8.8 
Group III— — 2 — 1 4 7 462 469 1.6 
Group IV— — — — — 1 1 46 47 0.2 
Total (a)
$283 $63 $102 $48 $246 $281 $1,023 $28,259 $29,282 100.0 %
Gross charge-offs$1 $— $— $— $— $— $1 $6 $7 
__________
(a)Total past due dealer financing receivables at December 31, 2024 were $8 million.
Allowance For Credit Losses on Financing And Loans And Leases Receivable [Table Text Block]
An analysis of the allowance for credit losses related to finance receivables for the years ended December 31 was as follows (in millions):
2023
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$838 $7 $845 
Charge-offs(401)(4)(405)
Recoveries151 2 153 
Provision for credit losses280 (2)278 
Other (a)11 — 11 
Ending balance$879 $3 $882 
2024
 ConsumerNon-ConsumerTotal
Allowance for credit losses   
Beginning balance$879 $3 $882 
Charge-offs(568)(7)(575)
Recoveries160 3 163 
Provision for credit losses412 5 417 
Other (a)(23)— (23)
Ending balance$860 $4 $864 
__________
(a)Primarily represents amounts related to foreign currency translation adjustments.