v3.25.0.1
Lease Commitments (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lease Right-of-Use Assets and Liabilities [Table Text Block]
Lease right-of-use assets and liabilities at December 31 were as follows (in millions):
20232024
Operating leases
Other assets, non-current$1,833 $2,308 
Other liabilities and deferred revenue, current$481 $558 
Other liabilities and deferred revenue, non-current1,395 1,782 
Total operating lease liabilities$1,876 $2,340 
Finance leases
Property and equipment, gross$897 $1,150 
Accumulated depreciation(114)(162)
Property and equipment, net$783 $988 
Company excluding Ford Credit debt payable within one year$32 $94 
Company excluding Ford Credit long-term debt606 711 
Total finance lease liabilities$638 $805 
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]
Supplemental cash flow information related to leases for the years ended December 31 was as follows (in millions):
202220232024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$459 $581 $663 
Operating cash flows from finance leases22 32 39 
Financing cash flows from finance leases83 91 110 
Right-of-use assets obtained in exchange for lease liabilities
Operating leases$528 $889 $1,051 
Finance leases95 165 286 
Lease, Cost [Table Text Block]
The components of lease expense for the years ended December 31 were as follows (in millions):
202220232024
Operating lease expense$463 $580 $650 
Variable lease expense62 109 167 
Sublease income(15)(18)(18)
Finance lease expense
Amortization of right-of-use assets60 64 80 
Interest on lease liabilities22 32 39 
Total lease expense$592 $767 $918 
Lessee, Weighted Average Term and Discount Rate [Table Text Block]
The weighted-average remaining lease term and weighted-average discount rate at December 31 were as follows:
202220232024
Weighted-average remaining lease term (in years)
Operating leases5.55.45.7
Finance leases12.211.910.8
Weighted-average discount rate
Operating leases3.7 %4.7 %4.5 %
Finance leases3.9 5.3 4.8 
Finance Lease, Liability, Fiscal Year Maturity
The amounts contractually due on our lease liabilities as of December 31, 2024 were as follows (in millions):
Operating Leases (a)Finance
Leases
2025$651 $134 
2026551 126 
2027436 109 
2028312 90 
2029205 88 
Thereafter508 510 
Total2,663 1,057 
Less: Present value discount323 252 
Total lease liabilities$2,340 $805 
__________
(a)    Excludes approximately $707 million in future lease payments for various leases commencing in future periods.