v3.26.1
FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Ford Credit finance receivables, net were as follows (in millions):
 December 31,
2025		June 30,
2026
Consumer  
Retail installment contracts, gross$80,467 $77,504 
Finance leases, gross9,274 8,890 
Retail financing, gross89,741 86,394 
Unearned interest supplements(4,486)(3,934)
Consumer finance receivables85,255 82,460 
Non-Consumer 
Dealer financing26,235 23,377 
Non-Consumer finance receivables26,235 23,377 
Total recorded investment$111,490 $105,837 
Recorded investment in finance receivables$111,490 $105,837 
Allowance for credit losses(911)(968)
Total finance receivables, net$110,579 $104,869 
Current portion$49,130 $45,451 
Non-current portion61,449 59,418 
Total finance receivables, net$110,579 $104,869 
Net finance receivables subject to fair value (a)$101,822 $96,525 
Fair value (b)102,499 96,645 
__________
(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.
Schedule of Credit Quality
The credit quality analysis of consumer receivables at December 31, 2025 and gross charge-offs during the year ended December 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202120212022202320242025TotalPercent
Consumer
31 - 60 days past due$61 $65 $139 $228 $275 $166 $934 1.1%
Greater than 60 days past due21 24 51 75 89 60 320 0.4 
Total past due82 89 190 303 364 226 1,254 1.5 
Current1,139 2,206 6,290 15,071 26,716 32,579 84,001 98.5 
Total$1,221 $2,295 $6,480 $15,374 $27,080 $32,805 $85,255 100.0%
Gross charge-offs$54 $54 $124 $187 $205 $42 $666 

The credit quality analysis of consumer receivables at June 30, 2026 and gross charge-offs during the first half of 2026 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202220222023202420252026TotalPercent
Consumer
31 - 60 days past due$74 $99 $175 $233 $199 $52 $832 1.0%
Greater than 60 days past due30 39 62 84 71 13 299 0.4 
Total past due104 138 237 317 270 65 1,131 1.4 
Current1,729 4,190 10,927 21,871 28,152 14,460 81,329 98.6 
Total$1,833 $4,328 $11,164 $22,188 $28,422 $14,525 $82,460 100.0%
Gross charge-offs$32 $47 $83 $114 $79 $3 $358 
Schedule of Credit Quality Analysis
The credit quality analysis of dealer financing receivables at December 31, 2025 and gross charge-offs during the year ended December 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202120212022202320242025TotalTotalPercent
Group I$269 $68 $31 $149 $78 $268 $863 $20,608 $21,471 81.8%
Group II25 8 4 33 46 44 160 3,979 4,139 15.8 
Group III1 — — 2 1 11 15 584 599 2.3 
Group IV— — — — — 2 2 24 26 0.1 
Total (a)$295 $76 $35 $184 $125 $325 $1,040 $25,195 $26,235 100.0%
Gross charge-offs$— $— $— $1 $— $— $1 $10 $11 
__________
(a)Total past due dealer financing receivables at December 31, 2025 were $8 million.

The credit quality analysis of dealer financing receivables at June 30, 2026 and gross charge-offs during the first half of 2026 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202220222023202420252026TotalTotalPercent
Group I$280 $28 $138 $78 $166 $149 $839 $18,111 $18,950 81.1%
Group II34 3 34 47 24 29 171 3,554 3,725 15.9 
Group III6 — — 1 1 6 14 659 673 2.9 
Group IV— — — — 1 — 1 28 29 0.1 
Total (a)$320 $31 $172 $126 $192 $184 $1,025 $22,352 $23,377 100.0%
Gross charge-offs$— $— $— $— $— $— $— $5 $5 
__________
(a)Total past due dealer financing receivables at June 30, 2026 were $8 million.
Schedule of Allowance for Credit Losses
An analysis of the allowance for credit losses related to finance receivables for the periods ended June 30 was as follows (in millions):
Second Quarter 2025First Half 2025
 ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$872 $9 $881 $860 $4 $864 
Charge-offs(147)(13)(160)(313)(14)(327)
Recoveries45 — 45 85 — 85 
Provision for credit losses105 9 114 240 14 254 
Other (a)10 — 10 13 1 14 
Ending balance$885 $5 $890 $885 $5 $890 

Second Quarter 2026First Half 2026
 ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$929 $8 $937 $902 $9 $911 
Charge-offs(161)— (161)(358)(5)(363)
Recoveries48 4 52 94 5 99 
Provision for credit losses147 3 150 316 6 322 
Other (a)(10)— (10)(1)— (1)
Ending balance$953 $15 $968 $953 $15 $968 
__________
(a)    Includes gains/(losses) on unguaranteed residuals on retail balloon and finance lease receivables as well as amounts related to foreign currency translation adjustments.