DOCUMENT_AND_ENTITY_INFORMATIO
DOCUMENT AND ENTITY INFORMATION Document (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Jun. 28, 2013 | Feb. 07, 2014 | Feb. 07, 2014 | |
Common Stock [Member] | Class B Stock [Member] | |||
Document Type | '10-K | ' | ' | ' |
Amendment Flag | 'false | ' | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' | ' |
Document Fiscal Period Focus | 'Q4 | ' | ' | ' |
Entity Registrant Name | 'FORD MOTOR CO | ' | ' | ' |
Entity Central Index Key | '0000037996 | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | ' | 3,872,970,301 | 70,852,076 |
Trading Symbol | 'F | ' | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' | ' |
Entity Voluntary Filers | 'No | ' | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' | ' |
Entity Public Float | ' | $59,794,435,480 | ' | ' |
CONSOLIDATED_AND_SECTOR_INCOME
CONSOLIDATED AND SECTOR INCOME STATEMENT (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues | ' | ' | ' |
Automotive | $139,369 | $126,567 | $128,168 |
Financial Services | 7,548 | 6,992 | 7,437 |
Total revenues | 146,917 | 133,559 | 135,605 |
Costs and expenses | ' | ' | ' |
Automotive cost of sales | 125,234 | 112,992 | 113,611 |
Selling, administrative and other expenses | 13,176 | 11,494 | 10,884 |
Interest expense | 3,689 | 3,828 | 4,431 |
Financial Services provision for credit and insurance losses | 210 | 83 | -34 |
Total costs and expenses | 141,478 | 127,678 | 128,073 |
Automotive interest income and other income/(loss), net | 974 | 1,599 | 1,091 |
Financial Services other income/(loss), net | 348 | 365 | 375 |
Equity in net income/(loss) of affiliated companies | 1,069 | 588 | 500 |
Income before income taxes | 7,001 | 7,720 | 8,681 |
Provision for/(Benefit from) income taxes | -147 | 2,056 | -11,541 |
Net income | 7,148 | 5,664 | 20,222 |
Income/(Loss) attributable to noncontrolling interests | -7 | -1 | 9 |
Net income attributable to Ford Motor Company | 7,155 | 5,665 | 20,213 |
Basic income | ' | ' | ' |
Basic income (in dollars per share) | $1.82 | $1.48 | $5.33 |
Diluted income | ' | ' | ' |
Diluted income (in dollars per share) | $1.76 | $1.42 | $4.94 |
Cash dividends declared | $0.40 | $0.15 | $0.05 |
Automotive [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Automotive | 139,369 | 126,567 | 128,168 |
Costs and expenses | ' | ' | ' |
Automotive cost of sales | 125,234 | 112,992 | 113,611 |
Selling, administrative and other expenses | 9,997 | 9,006 | 9,060 |
Interest expense | 829 | 713 | 817 |
Financial Services provision for credit and insurance losses | 2 | 6 | 2 |
Total costs and expenses | 135,231 | 121,998 | 122,671 |
Automotive interest income and other income/(loss), net | 974 | 1,599 | 1,091 |
Equity in net income/(loss) of affiliated companies | 1,046 | 555 | 479 |
Income before income taxes | 5,329 | 6,010 | 6,250 |
Net income attributable to Ford Motor Company | 5,755 | 4,466 | 18,447 |
Financial Services [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Financial Services | 7,548 | 6,992 | 7,437 |
Costs and expenses | ' | ' | ' |
Interest expense | 2,860 | 3,115 | 3,614 |
Financial Services provision for credit and insurance losses | 208 | 77 | -36 |
Depreciation on vehicles subject to operating leases | 2,411 | 1,795 | 1,140 |
Operating and other expenses | 768 | 693 | 684 |
Total costs and expenses | 6,247 | 5,680 | 5,402 |
Financial Services other income/(loss), net | 348 | 365 | 375 |
Equity in net income/(loss) of affiliated companies | 23 | 33 | 21 |
Income before income taxes | 1,672 | 1,710 | 2,431 |
Net income attributable to Ford Motor Company | $1,400 | $1,199 | $1,766 |
CONSOLIDATED_STATEMENT_OF_COMP
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income | $7,148 | $5,664 | $20,222 |
Foreign currency translation | -506 | 142 | -720 |
Derivative instruments | 215 | 6 | -152 |
Pension and other postretirement benefits | 4,914 | -4,268 | -3,553 |
Net holding gain/(loss) | 0 | 0 | 2 |
Total other comprehensive income/(loss), net of tax | 4,623 | -4,120 | -4,423 |
Comprehensive income | 11,771 | 1,544 | 15,799 |
Comprehensive income/(loss) attributable to noncontrolling interests | -7 | -1 | 7 |
Comprehensive income attributable to Ford Motor Company | $11,778 | $1,545 | $15,792 |
CONSOLIDATED_AND_SECTOR_BALANC
CONSOLIDATED AND SECTOR BALANCE SHEET (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $14,468 | $15,659 |
Marketable securities | 22,100 | 20,284 |
Finance receivables, net | 77,481 | 70,991 |
Other receivables, net | 9,828 | 10,878 |
Net investment in operating leases | 19,984 | 15,303 |
Inventories | 7,708 | 7,362 |
Equity in net assets of affiliated companies | 3,679 | 3,246 |
Net property | 27,616 | 24,942 |
Deferred income taxes | 13,315 | 15,185 |
Other assets | 5,847 | 5,556 |
Total assets | 202,026 | 189,406 |
LIABILITIES | ' | ' |
Payables | 19,531 | 19,308 |
Other liabilities and deferred revenue | 40,462 | 48,259 |
Debt | 114,688 | 105,058 |
Deferred income taxes | 598 | 470 |
Total liabilities | 175,279 | 173,095 |
Redeemable noncontrolling interest | 331 | 322 |
EQUITY | ' | ' |
Capital in excess of par value of stock | 21,422 | 20,976 |
Retained earnings | 23,658 | 18,077 |
Accumulated other comprehensive income/(loss) | -18,231 | -22,854 |
Treasury stock | -506 | -292 |
Total equity attributable to Ford Motor Company | 26,383 | 15,947 |
Equity attributable to noncontrolling interests | 33 | 42 |
Total equity | 26,416 | 15,989 |
Total liabilities and equity | 202,026 | 189,406 |
Common Stock [Member] | ' | ' |
EQUITY | ' | ' |
Common and Class B Stock | 39 | 39 |
Class B Stock [Member] | ' | ' |
EQUITY | ' | ' |
Common and Class B Stock | 1 | 1 |
Intersector [Member] | ' | ' |
ASSETS | ' | ' |
Deferred income taxes | 15,041 | 16,997 |
Total assets | 203,752 | 191,218 |
LIABILITIES | ' | ' |
Deferred income taxes | 2,324 | 2,282 |
Total liabilities | 177,005 | 174,907 |
EQUITY | ' | ' |
Total liabilities and equity | 203,752 | 191,218 |
Automotive [Member] | ' | ' |
ASSETS | ' | ' |
Cash and cash equivalents | 4,959 | 6,247 |
Marketable securities | 20,157 | 18,178 |
Total cash and marketable securities | 25,116 | 24,425 |
Receivables, less allowances | 5,641 | 5,361 |
Inventories | 7,708 | 7,362 |
Deferred income taxes | 1,574 | 3,488 |
Net investment in operating leases | 1,384 | 1,415 |
Other current assets | 1,034 | 1,124 |
Total current assets | 42,457 | 43,175 |
Equity in net assets of affiliated companies | 3,546 | 3,112 |
Net property | 27,492 | 24,813 |
Deferred income taxes | 13,283 | 13,325 |
Non-current receivable from Financial Services | 724 | 0 |
Other assets | 2,824 | 2,033 |
Total assets | 90,326 | 86,458 |
LIABILITIES | ' | ' |
Payables | 18,035 | 18,151 |
Other liabilities and deferred revenue | 38,202 | 45,907 |
Debt | 15,683 | 14,256 |
Other liabilities and deferred revenue | 16,537 | 15,358 |
Deferred income taxes | 267 | 81 |
Debt payable within one year | 1,257 | 1,386 |
Current payable to Financial Services | 907 | 252 |
Total current liabilities | 37,003 | 35,228 |
Long-term Debt | 14,426 | 12,870 |
Other liabilities | 21,665 | 30,549 |
Deferred income taxes | 430 | 514 |
Total liabilities | 73,524 | 79,161 |
Financial Services [Member] | ' | ' |
ASSETS | ' | ' |
Cash and cash equivalents | 9,509 | 9,412 |
Marketable securities | 1,943 | 2,106 |
Finance receivables, net | 80,816 | 75,770 |
Net investment in operating leases | 18,600 | 13,888 |
Equity in net assets of affiliated companies | 133 | 134 |
Net property | 124 | 129 |
Other assets | 3,149 | 3,450 |
Receivable from Automotive | 907 | 252 |
Total assets | 115,057 | 105,012 |
LIABILITIES | ' | ' |
Payables | 1,496 | 1,157 |
Other liabilities and deferred revenue | 2,260 | 2,352 |
Debt | 99,005 | 90,802 |
Deferred income taxes | 1,627 | 1,687 |
Other liabilities and deferred income | 2,260 | 2,352 |
Payable to Automotive | 724 | 0 |
Total liabilities | 105,112 | 95,998 |
Intersector Eliminations [Member] | ' | ' |
ASSETS | ' | ' |
Deferred income taxes | -1,726 | -1,812 |
Total assets | -1,631 | -252 |
LIABILITIES | ' | ' |
Deferred income taxes | -1,726 | -1,812 |
Total liabilities | -1,631 | -252 |
Variable Interest Entity, Primary Beneficiary [Member] | ' | ' |
ASSETS | ' | ' |
Cash and cash equivalents | 4,198 | 2,911 |
Finance receivables, net | 45,796 | 47,515 |
Net investment in operating leases | 8,116 | 6,308 |
Other assets | 5 | 4 |
LIABILITIES | ' | ' |
Other liabilities and deferred revenue | 88 | 134 |
Debt | 40,728 | 40,245 |
Variable Interest Entity, Primary Beneficiary [Member] | Financial Services [Member] | ' | ' |
ASSETS | ' | ' |
Cash and cash equivalents | 4,200 | 2,900 |
LIABILITIES | ' | ' |
Debt | $40,700 | $40,200 |
CONSOLIDATED_AND_SECTOR_BALANC1
CONSOLIDATED AND SECTOR BALANCE SHEET (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, except Per Share data, unless otherwise specified | ||
Common Stock [Member] | ' | ' |
EQUITY | ' | ' |
Common Stock, par value (in dollars per share) | $0.01 | ' |
Common Stock, shares issued (in shares) | 3,913 | ' |
Common Stock, Shares Authorized | 6,000 | ' |
Class B Stock [Member] | ' | ' |
EQUITY | ' | ' |
Common Stock, par value (in dollars per share) | $0.01 | ' |
Common Stock, shares issued (in shares) | 71 | ' |
Common Stock, Shares Authorized | 530 | ' |
Automotive [Member] | ' | ' |
ASSETS | ' | ' |
Allowance for receivables | $132 | $115 |
CONSOLIDATED_AND_SECTOR_STATEM
CONSOLIDATED AND SECTOR STATEMENT OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities of continuing operations | ' | ' | ' |
Net cash provided by/(used in) operating activities | $10,444 | $9,045 | $9,784 |
Cash flows from investing activities of continuing operations | ' | ' | ' |
Capital spending | -6,597 | -5,488 | -4,293 |
Acquisitions of finance receivables and operating leases (excluding wholesale and other) | -45,822 | -38,445 | -35,239 |
Collections of finance receivables and operating leases (excluding wholesale and other) | 33,966 | 31,570 | 33,337 |
Purchases of securities | -119,993 | -95,135 | -68,723 |
Sales and maturities of securities | 118,247 | 93,749 | 70,795 |
Cash change due to initial consolidation of businesses | 9 | 191 | 0 |
Proceeds from sale of business | 0 | 66 | 333 |
Settlements of derivatives | -217 | -737 | 353 |
Proceeds from sale of retail finance receivables | 495 | 0 | 0 |
Elimination of cash balances upon disposition of discontinued/held-for-sale operations | 0 | 0 | -69 |
Other | 181 | -61 | 465 |
Net cash provided by/(used in) investing activities | -19,731 | -14,290 | -3,041 |
Cash flows from financing activities of continuing operations | ' | ' | ' |
Cash dividends | -1,574 | -763 | 0 |
Purchases of Common Stock | -213 | -125 | 0 |
Changes in short-term debt | -2,927 | 1,208 | 2,841 |
Proceeds from issuance of other debt | 40,543 | 32,436 | 35,921 |
Principal payments on other debt | -27,953 | -29,210 | -43,095 |
Other | 257 | 159 | 92 |
Net cash provided by/(used in) financing activities | 8,133 | 3,705 | -4,241 |
Effect of exchange rate changes on cash and cash equivalents | -37 | 51 | -159 |
Net increase/(decrease) in cash and cash equivalents | -1,191 | -1,489 | 2,343 |
Cash and cash equivalents | ' | ' | ' |
Cash and cash equivalents at January 1 | 15,659 | 17,148 | 14,805 |
Net increase/(decrease) in cash and cash equivalents | -1,191 | -1,489 | 2,343 |
Cash and cash equivalents at end of period | 14,468 | 15,659 | 17,148 |
Automotive [Member] | ' | ' | ' |
Cash flows from operating activities of continuing operations | ' | ' | ' |
Net cash provided by/(used in) operating activities | 7,738 | 6,266 | 9,368 |
Cash flows from investing activities of continuing operations | ' | ' | ' |
Capital spending | -6,566 | -5,459 | -4,272 |
Acquisitions of finance receivables and operating leases (excluding wholesale and other) | 0 | 0 | 0 |
Collections of finance receivables and operating leases (excluding wholesale and other) | 0 | 0 | 0 |
Net collections/(acquisitions) of wholesale receivables | 0 | 0 | 0 |
Purchases of securities | -89,676 | -73,100 | -44,353 |
Sales and maturities of securities | 87,799 | 70,202 | 43,525 |
Cash change due to initial consolidation of businesses | 9 | 191 | 0 |
Proceeds from sale of business | 0 | 54 | 310 |
Settlements of derivatives | -284 | -788 | 135 |
Proceeds from sale of retail finance receivables | 0 | 0 | 0 |
Investing activity (to)/from Financial Services | 445 | 925 | 2,903 |
Elimination of cash balances upon disposition of discontinued/held-for-sale operations | 0 | 0 | -69 |
Other | 162 | -49 | 280 |
Net cash provided by/(used in) investing activities | -8,111 | -8,024 | -1,541 |
Cash flows from financing activities of continuing operations | ' | ' | ' |
Cash dividends | -1,574 | -763 | 0 |
Purchases of Common Stock | -213 | -125 | 0 |
Changes in short-term debt | -133 | 154 | -396 |
Proceeds from issuance of other debt | 2,250 | 1,553 | 2,452 |
Principal payments on other debt | -1,439 | -810 | -8,058 |
Financing activity to/(from) Automotive | 0 | 0 | 0 |
Other | 287 | 31 | 70 |
Net cash provided by/(used in) financing activities | -822 | 40 | -5,932 |
Effect of exchange rate changes on cash and cash equivalents | -93 | 0 | -231 |
Net increase/(decrease) in cash and cash equivalents | -1,288 | -1,718 | 1,664 |
Cash and cash equivalents | ' | ' | ' |
Cash and cash equivalents at January 1 | 6,247 | 7,965 | 6,301 |
Net increase/(decrease) in cash and cash equivalents | -1,288 | -1,718 | 1,664 |
Cash and cash equivalents at end of period | 4,959 | 6,247 | 7,965 |
Financial Services [Member] | ' | ' | ' |
Cash flows from operating activities of continuing operations | ' | ' | ' |
Net cash provided by/(used in) operating activities | 3,352 | 2,043 | 418 |
Cash flows from investing activities of continuing operations | ' | ' | ' |
Capital spending | -31 | -29 | -21 |
Acquisitions of finance receivables and operating leases (excluding wholesale and other) | -43,424 | -36,531 | -33,252 |
Collections of finance receivables and operating leases (excluding wholesale and other) | 33,966 | 31,570 | 33,337 |
Net collections/(acquisitions) of wholesale receivables | -3,044 | -1,178 | -1,989 |
Purchases of securities | -30,317 | -22,035 | -24,370 |
Sales and maturities of securities | 30,448 | 23,748 | 27,270 |
Cash change due to initial consolidation of businesses | 0 | 0 | 0 |
Proceeds from sale of business | 0 | 12 | 23 |
Settlements of derivatives | 67 | 51 | 218 |
Proceeds from sale of retail finance receivables | 495 | 0 | 0 |
Investing activity (to)/from Financial Services | 0 | 0 | 0 |
Elimination of cash balances upon disposition of discontinued/held-for-sale operations | 0 | 0 | 0 |
Other | 19 | -12 | 185 |
Net cash provided by/(used in) investing activities | -11,821 | -4,404 | 1,401 |
Cash flows from financing activities of continuing operations | ' | ' | ' |
Cash dividends | 0 | 0 | 0 |
Purchases of Common Stock | 0 | 0 | 0 |
Changes in short-term debt | -2,794 | 1,054 | 3,237 |
Proceeds from issuance of other debt | 38,293 | 30,883 | 33,469 |
Principal payments on other debt | -26,514 | -28,601 | -35,037 |
Financing activity to/(from) Automotive | -445 | -925 | -2,903 |
Other | -30 | 128 | 22 |
Net cash provided by/(used in) financing activities | 8,510 | 2,539 | -1,212 |
Effect of exchange rate changes on cash and cash equivalents | 56 | 51 | 72 |
Net increase/(decrease) in cash and cash equivalents | 97 | 229 | 679 |
Cash and cash equivalents | ' | ' | ' |
Cash and cash equivalents at January 1 | 9,412 | 9,183 | 8,504 |
Net increase/(decrease) in cash and cash equivalents | 97 | 229 | 679 |
Cash and cash equivalents at end of period | $9,509 | $9,412 | $9,183 |
CONSOLIDATED_STATEMENT_OF_EQUI
CONSOLIDATED STATEMENT OF EQUITY (USD $) | Total | Parent [Member] | Capital Stock [Member] | Capital in Excess of Par Value of Stock [Member] | Retained Earnings/(Accumulated Deficit) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] | Equity (Deficit) Attributable to Non-controlling Interests [Member] |
In Millions, unless otherwise specified | ||||||||
Total equity/(deficit) at Dec. 31, 2010 | ($642) | ' | ' | ' | ' | ' | ' | ' |
Equity/(Deficit) attributable to noncontrolling interests at Dec. 31, 2010 | 31 | ' | ' | ' | ' | ' | ' | ' |
Equity/(deficit) attributable to Ford Motor Company at Dec. 31, 2010 | -673 | ' | 38 | 20,803 | -7,038 | -14,313 | -163 | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to Ford Motor Company | 20,213 | ' | 0 | 0 | 20,213 | 0 | 0 | ' |
Income/(Loss) attributable to noncontrolling interests | 9 | ' | ' | ' | ' | ' | ' | ' |
Net income | 20,222 | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income/(loss), net of tax | -4,423 | -4,421 | 0 | 0 | 0 | -4,421 | 0 | -2 |
Common stock issued (including share-based compensation impacts) | 102 | 102 | 0 | 102 | 0 | 0 | 0 | 0 |
Treasury stock/other | 2 | -3 | 0 | 0 | 0 | 0 | -3 | 5 |
Cash dividends declared | -190 | -190 | 0 | 0 | -190 | 0 | 0 | 0 |
Total equity/(deficit) at Dec. 31, 2011 | 15,071 | ' | ' | ' | ' | ' | ' | ' |
Equity/(Deficit) attributable to noncontrolling interests at Dec. 31, 2011 | 43 | ' | ' | ' | ' | ' | ' | ' |
Equity/(deficit) attributable to Ford Motor Company at Dec. 31, 2011 | 15,028 | ' | 38 | 20,905 | 12,985 | -18,734 | -166 | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to Ford Motor Company | 5,665 | ' | 0 | 0 | 5,665 | 0 | 0 | ' |
Income/(Loss) attributable to noncontrolling interests | -1 | ' | ' | ' | ' | ' | ' | ' |
Net income | 5,664 | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income/(loss), net of tax | -4,120 | -4,120 | 0 | 0 | 0 | -4,120 | 0 | 0 |
Common stock issued (including share-based compensation impacts) | 73 | 73 | 2 | 71 | 0 | 0 | 0 | 0 |
Treasury stock/other | -126 | -126 | 0 | 0 | 0 | 0 | -126 | 0 |
Cash dividends declared | -573 | -573 | 0 | 0 | -573 | 0 | 0 | 0 |
Total equity/(deficit) at Dec. 31, 2012 | 15,989 | ' | ' | ' | ' | ' | ' | ' |
Equity/(Deficit) attributable to noncontrolling interests at Dec. 31, 2012 | 42 | ' | ' | ' | ' | ' | ' | ' |
Equity/(deficit) attributable to Ford Motor Company at Dec. 31, 2012 | 15,947 | ' | 40 | 20,976 | 18,077 | -22,854 | -292 | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to Ford Motor Company | 7,155 | ' | 0 | 0 | 7,155 | 0 | 0 | ' |
Income/(Loss) attributable to noncontrolling interests | -7 | ' | ' | ' | ' | ' | ' | ' |
Net income | 7,148 | ' | ' | ' | ' | ' | ' | ' |
Net Income/(Loss) Attributable To Noncontrolling Interest Excluding Redeemable Noncontrolling Interest | -7 | ' | ' | ' | ' | ' | ' | ' |
Profit Excluding Redeemable Noncontrolling Interest | 7,148 | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income/(loss), net of tax | 4,623 | 4,623 | 0 | 0 | 0 | 4,623 | 0 | 0 |
Common stock issued (including share-based compensation impacts) | 446 | 446 | 0 | 446 | 0 | 0 | 0 | 0 |
Treasury stock/other | -216 | -214 | 0 | 0 | 0 | 0 | -214 | -2 |
Cash dividends declared | -1,574 | -1,574 | 0 | 0 | -1,574 | 0 | 0 | 0 |
Total equity/(deficit) at Dec. 31, 2013 | 26,416 | ' | ' | ' | ' | ' | ' | ' |
Equity/(Deficit) attributable to noncontrolling interests at Dec. 31, 2013 | 33 | ' | ' | ' | ' | ' | ' | ' |
Equity/(deficit) attributable to Ford Motor Company at Dec. 31, 2013 | $26,383 | ' | $40 | $21,422 | $23,658 | ($18,231) | ($506) | ' |
Presentation
Presentation | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||
PRESENTATION | ' | |||||||||||||||
PRESENTATION | ||||||||||||||||
For purposes of this report, “Ford,” the “Company,” “we,” “our,” “us” or similar references mean Ford Motor Company and our consolidated subsidiaries and our consolidated VIEs of which we are the primary beneficiary, unless the context requires otherwise. | ||||||||||||||||
We prepare our financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”). We present the financial statements on both a consolidated basis and on a sector basis for our Automotive and Financial Services sectors. The additional information provided in the sector statements enables the reader to better understand the operating performance, financial position, cash flows, and liquidity of our two very different businesses. We eliminate all intercompany items and transactions in the consolidated and sector balance sheets. In certain circumstances, presentation of these intercompany eliminations or consolidated adjustments differ between the consolidated and sector financial statements. These line items are reconciled below under “Reconciliations between Consolidated and Sector Financial Statements” or in related footnotes. | ||||||||||||||||
We reclassified certain prior year amounts on our consolidated financial statements to conform to current year presentation. | ||||||||||||||||
Adoption of New Accounting Standards | ||||||||||||||||
Balance Sheet - Offsetting. On January 1, 2013, we adopted the new accounting standard that requires disclosures about offsetting and related arrangements for derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions. See Note 4 and Note 16 for further disclosure regarding balance sheet offsetting. | ||||||||||||||||
Intangibles - Goodwill and Other. On January 1, 2013, we adopted the new accounting standard that provides the option to evaluate qualitative factors to determine whether a calculated impairment test for indefinite-lived intangible assets is necessary. The adoption of this accounting standard did not impact our consolidated financial statements. | ||||||||||||||||
Comprehensive Income - Reporting of Reclassification Adjustments. During 2012, we early adopted the new accounting standard that requires us to disclose significant amounts reclassified out of each component of Accumulated other comprehensive income/(loss) (“AOCI”) and the affected income statement line item only if the item reclassified is required to be reclassified to net income in its entirety. See Note 18 for further disclosure regarding the significant amounts reclassified out of AOCI. | ||||||||||||||||
NOTE 1. PRESENTATION (Continued) | ||||||||||||||||
Reconciliations between Consolidated and Sector Financial Statements | ||||||||||||||||
Sector to Consolidated Deferred Tax Assets and Liabilities. The difference between the total assets and total liabilities as presented on our sector balance sheet and consolidated balance sheet is the result of netting deferred income tax assets and liabilities. The reconciliation between the totals for the sector and consolidated balance sheets was as follows (in millions): | ||||||||||||||||
December 31, | December 31, | |||||||||||||||
2013 | 2012 | |||||||||||||||
Sector balance sheet presentation of deferred income tax assets | ||||||||||||||||
Automotive sector current deferred income tax assets | $ | 1,574 | $ | 3,488 | ||||||||||||
Automotive sector non-current deferred income tax assets | 13,283 | 13,325 | ||||||||||||||
Financial Services sector deferred income tax assets (a) | 184 | 184 | ||||||||||||||
Total | 15,041 | 16,997 | ||||||||||||||
Reclassification for netting of deferred income taxes | (1,726 | ) | (1,812 | ) | ||||||||||||
Consolidated balance sheet presentation of deferred income tax assets | $ | 13,315 | $ | 15,185 | ||||||||||||
Sector balance sheet presentation of deferred income tax liabilities | ||||||||||||||||
Automotive sector current deferred income tax liabilities | $ | 267 | $ | 81 | ||||||||||||
Automotive sector non-current deferred income tax liabilities | 430 | 514 | ||||||||||||||
Financial Services sector deferred income tax liabilities | 1,627 | 1,687 | ||||||||||||||
Total | 2,324 | 2,282 | ||||||||||||||
Reclassification for netting of deferred income taxes | (1,726 | ) | (1,812 | ) | ||||||||||||
Consolidated balance sheet presentation of deferred income tax liabilities | $ | 598 | $ | 470 | ||||||||||||
__________ | ||||||||||||||||
(a) | Financial Services deferred income tax assets are included in Financial Services other assets on our sector balance sheet. | |||||||||||||||
NOTE 1. PRESENTATION (Continued) | ||||||||||||||||
Sector to Consolidated Cash Flow. We present certain cash flows from wholesale and other receivables, interest supplements and residual support, and the acquisition of intersector debt differently on our sector and consolidated statements of cash flows. The reconciliation between totals for the sector and consolidated cash flows for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Automotive net cash provided by/(used in) operating activities | $ | 7,738 | $ | 6,266 | $ | 9,368 | ||||||||||
Financial Services net cash provided by/(used in) operating activities | 3,352 | 2,043 | 418 | |||||||||||||
Total sector net cash provided by/(used in) operating activities (Note 25) | 11,090 | 8,309 | 9,786 | |||||||||||||
Reclassifications from investing to operating cash flows | ||||||||||||||||
Purchases/Collections of wholesale receivables (a) | (2,971 | ) | (1,235 | ) | (2,010 | ) | ||||||||||
Purchases/Collections of other receivables (b) | (73 | ) | 57 | 21 | ||||||||||||
Payments of interest supplements and residual support (c) | 2,398 | 1,914 | 1,987 | |||||||||||||
Consolidated net cash provided by/(used in) operating activities | $ | 10,444 | $ | 9,045 | $ | 9,784 | ||||||||||
Automotive net cash provided by/(used in) investing activities | $ | (8,111 | ) | $ | (8,024 | ) | $ | (1,541 | ) | |||||||
Financial Services net cash provided by/(used in) investing activities | (11,821 | ) | (4,404 | ) | 1,401 | |||||||||||
Total sector net cash provided by/(used in) investing activities | (19,932 | ) | (12,428 | ) | (140 | ) | ||||||||||
Reclassifications from investing to operating cash flows | ||||||||||||||||
Purchases/Collections of wholesale receivables (a) | 2,971 | 1,235 | 2,010 | |||||||||||||
Purchases/Collections of other receivables (b) | 73 | (57 | ) | (21 | ) | |||||||||||
Payments of interest supplements and residual support (c) | (2,398 | ) | (1,914 | ) | (1,987 | ) | ||||||||||
Reclassifications from investing to financing cash flows | ||||||||||||||||
Maturity of Financial Services sector debt held by Automotive sector (d) | — | (201 | ) | — | ||||||||||||
Elimination of investing activity to/(from) Financial Services in consolidation | (445 | ) | (925 | ) | (2,903 | ) | ||||||||||
Consolidated net cash provided by/(used in) investing activities | $ | (19,731 | ) | $ | (14,290 | ) | $ | (3,041 | ) | |||||||
Automotive net cash provided by/(used in) financing activities | $ | (822 | ) | $ | 40 | $ | (5,932 | ) | ||||||||
Financial Services net cash provided by/(used in) financing activities | 8,510 | 2,539 | (1,212 | ) | ||||||||||||
Total sector net cash provided by/(used in) financing activities | 7,688 | 2,579 | (7,144 | ) | ||||||||||||
Reclassifications from investing to financing cash flows | ||||||||||||||||
Maturity of Financial Services sector debt held by Automotive sector (d) | — | 201 | — | |||||||||||||
Elimination of investing activity to/(from) Financial Services in consolidation | 445 | 925 | 2,903 | |||||||||||||
Consolidated net cash provided by/(used in) financing activities | $ | 8,133 | $ | 3,705 | $ | (4,241 | ) | |||||||||
__________ | ||||||||||||||||
(a) | In addition to the cash flow from vehicles sold by us, the cash flow from wholesale finance receivables (being reclassified from investing to operating) includes dealer financing by Ford Credit of used and non-Ford vehicles. One hundred percent of cash flows from these wholesale finance receivables have been reclassified for consolidated presentation as the portion of these cash flows from used and non-Ford vehicles is impracticable to separate. | |||||||||||||||
(b) | Includes cash flows of other receivables purchased/collected by the Financial Services sector from certain divisions and subsidiaries of the Automotive sector. | |||||||||||||||
(c) | Payments from Automotive sector to Ford Credit on behalf of the retail customer that represent interest supplements and residual support. | |||||||||||||||
(d) | Cash inflows related to these transactions are reported as financing activities on the consolidated statement of cash flows and investing activities on the sector statement of cash flows. | |||||||||||||||
NOTE 1. PRESENTATION (Continued) | ||||||||||||||||
Certain Transactions Between Automotive and Financial Services Sectors | ||||||||||||||||
Intersector transactions occur in the ordinary course of business. Additional detail regarding certain transactions and the effect on each sector’s balance sheet was as follows (in billions): | ||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||
Automotive | Financial | Automotive | Financial | |||||||||||||
Services | Services | |||||||||||||||
Finance receivables, net (a) | $ | 3.3 | $ | 4.8 | ||||||||||||
Unearned interest supplements and residual support (b) | (3.1 | ) | (2.6 | ) | ||||||||||||
Wholesale receivables/Other (c) | 0.8 | 0.8 | ||||||||||||||
Net investment in operating leases (d) | 0.6 | 0.5 | ||||||||||||||
Intersector receivables/(payables) (e) | $ | (0.2 | ) | 0.2 | $ | (0.3 | ) | 0.3 | ||||||||
__________ | ||||||||||||||||
(a) | Automotive sector receivables (generated primarily from vehicle and parts sales to third parties) sold to Ford Credit. These receivables are classified as Other receivables, net on our consolidated balance sheet and Finance receivables, net on our sector balance sheet. | |||||||||||||||
(b) | We pay amounts to Ford Credit at the point of retail financing or lease origination that represent interest supplements and residual support. | |||||||||||||||
(c) | Primarily wholesale receivables with entities that are consolidated subsidiaries of Ford. | |||||||||||||||
(d) | Sale-leaseback agreement between Automotive and Financial Services sectors relating to vehicles that we lease to our employees. | |||||||||||||||
(e) | Amounts owed to the Financial Services sector by Automotive sector, or vice versa. | |||||||||||||||
Venezuelan Operations | ||||||||||||||||
On February 13, 2013, the Venezuelan government effected a devaluation of the bolivar, from an exchange rate of 4.3 bolivars to the U.S. dollar to an exchange rate of 6.3 bolivars to the U.S. dollar. This resulted in a remeasurement loss of $186 million in the first quarter. For periods subsequent to the date of the devaluation, assets, liabilities, and results of operations from our Venezuelan subsidiary are remeasured at this new exchange rate. | ||||||||||||||||
At December 31, 2013, we had a bolivar denominated net monetary position of $749 million, including $765 million of bolivar denominated cash and cash equivalents. Based on our net monetary position at December 31, 2013, a further devaluation from an exchange rate of 6.3 bolivars to the U.S. dollar to an exchange rate of 12 bolivars to the U.S. dollar would have resulted in a balance sheet remeasurement loss of approximately $360 million. | ||||||||||||||||
At December 31, 2013, our investment in our Venezuelan subsidiary (which includes undistributed earnings) was $881 million. Also, at December 31, 2013, it had $300 million of U.S. dollar currency exchange requests pending with and in transit to the governmental controlled currency exchange, including $295 million payable to other Ford consolidated affiliates. | ||||||||||||||||
The operating environment in Venezuela continues to be challenging. Foreign exchange control regulations have affected our Venezuelan operation’s ability to pay dividends and obligations denominated in U.S. dollars, and are constraining parts availability and our ability to maintain normal production. Recent developments in Venezuela, including price controls and a very limited and uneven supply of foreign currency to support production, have affected adversely our business and results of operations. These and other restrictions could limit our ability to benefit from our investment and maintain a controlling interest in our Venezuelan subsidiary. |
Summary_of_Accounting_Policies
Summary of Accounting Policies (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
SUMMARY OF ACCOUNTING POLICIES [Abstract] | ' | |||||||||||
Significant Accounting Policies [Text Block] | ' | |||||||||||
SUMMARY OF ACCOUNTING POLICIES | ||||||||||||
For each accounting topic that is addressed in its own footnote, the description of the accounting policy may be found in the related footnote. The other significant accounting policies are described below. | ||||||||||||
Use of Estimates | ||||||||||||
The preparation of financial statements requires us to make estimates and assumptions that affect our results during the periods reported. Estimates are used to account for certain items such as marketing accruals, warranty costs, employee benefit programs, etc. Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ. | ||||||||||||
Foreign Currency Translation | ||||||||||||
The assets and liabilities of foreign subsidiaries using the local currency as their functional currency are translated to U.S. dollars using end-of-period exchange rates and any resulting translation adjustments are reported in Other comprehensive income/(loss). Upon sale or upon complete or substantially complete liquidation of an investment in a foreign subsidiary, the accumulated amount of translation adjustments related to that entity is reclassified to net income as part of the recognized gain or loss on the investment. | ||||||||||||
Gains or losses arising from transactions denominated in currencies other than the affiliate’s functional currency, the effect of remeasuring assets and liabilities of foreign subsidiaries using U.S. dollars as their functional currency, and the results of our foreign currency hedging activities are reported in Automotive cost of sales, Selling, administrative, and other expenses, and Automotive interest income and other income/(loss), net. The pre-tax gains/(losses) of this activity for 2013, 2012, and 2011 was $(349) million, $(426) million, and $4 million, respectively. | ||||||||||||
Trade Receivables | ||||||||||||
Trade receivables, recorded on our consolidated balance sheet in Other receivables, net, consist primarily of Automotive sector receivables for vehicles, parts, and accessories. Trade receivables initially are recorded at the transaction amount. We record an allowance for doubtful accounts representing our estimate of the probable losses. At every reporting period, we assess the adequacy of our allowance for doubtful accounts taking into consideration recoveries received during that period. Additions to the allowance for doubtful accounts are made by recording charges to bad debt expense reported in Automotive cost of sales. Receivables are charged to the allowance for doubtful accounts when an account is deemed to be uncollectible. | ||||||||||||
Net Intangible Assets | ||||||||||||
We capitalize and amortize our finite-lived intangible assets over their estimated useful lives. Indefinite-lived intangible assets are not amortized, but are tested for impairment annually or more frequently if events or circumstances indicate the asset may be impaired. Our intangible assets are comprised primarily of license and advertising agreements, land rights, patents, customer contracts, and technology. Our indefinite-lived intangibles have been tested for impairment in 2013 and no impairment was required. | ||||||||||||
The net carrying amount of our intangible asset was $85 million and $87 million at December 31, 2013 and 2012, respectively, and is reported in Other Assets on our balance sheet. Pre-tax amortization expense was $11 million, $10 million, and $12 million at December 31, 2013, 2012, and 2011, respectively. Amortization for intangible assets is forecasted to be $11 million in 2014 and each year thereafter. | ||||||||||||
NOTE 2. SUMMARY OF ACCOUNTING POLICIES (Continued) | ||||||||||||
Long-Lived Asset Impairment | ||||||||||||
We test long-lived asset groups for recoverability, at the operating segment level when changes in circumstances indicate the carrying value may not be recoverable. Events that trigger a test for recoverability include material adverse changes in projected revenues and expenses, significant underperformance relative to historical and projected future operating results, significant negative industry or economic trends, and a significant adverse change in the manner in which an asset group is used or in its physical condition. When a triggering event occurs, a test for recoverability is performed, comparing projected undiscounted future cash flows to the carrying value of the asset group. If the test for recoverability identifies a possible impairment, the asset group’s fair value is measured relying primarily on a discounted cash flow methodology. An impairment charge is recognized for the amount by which the carrying value of the asset group exceeds its estimated fair value. When an impairment loss is recognized for assets to be held and used, the adjusted carrying amount of those assets is depreciated over their remaining useful life. | ||||||||||||
Revenue Recognition — Automotive Sector | ||||||||||||
Automotive revenue is generated primarily by sales of vehicles, parts, and accessories. Revenue is recorded when all risks and rewards of ownership are transferred to our customers (generally dealers and distributors). For the majority of our sales, this occurs when products are shipped from our manufacturing facilities. When vehicles are shipped to customers or vehicle modifiers on consignment, revenue is recognized when the vehicle is sold to the ultimate customer. When we give our dealers the right to return eligible parts for credit, we reduce the related revenue for expected returns. | ||||||||||||
We sell vehicles to daily rental car companies subject to guaranteed repurchase options. These vehicles are accounted for as operating leases. At the time of sale, the proceeds are recorded as deferred revenue in Other liabilities and deferred revenue. The difference between the proceeds and the guaranteed repurchase amount is recognized in Automotive revenues over an average term of eight months, using a straight-line method. The cost of the vehicles is recorded in Net investment in operating leases and the difference between the cost of the vehicle and the estimated auction value is depreciated in Automotive cost of sales over the term of the lease. Proceeds from the sale of the vehicle at auction are recognized in Automotive revenues at the time of sale. | ||||||||||||
Revenue Recognition — Financial Services Sector | ||||||||||||
Financial Services revenue is generated primarily from interest on finance receivables (including direct financing leases) and is recognized using the interest method, including the accretion of certain direct origination costs that are deferred. Revenue from rental payments received on operating leases is recognized on a straight-line basis over the term of the lease. The accrual of interest on finance receivables and revenue on operating leases is discontinued at the earlier of the time a receivable or account is determined to be uncollectible, at bankruptcy status notification, or greater than 120 days past due. | ||||||||||||
Retail and Lease Incentives | ||||||||||||
We offer special retail financing and lease incentives to dealers’ customers who choose to finance or lease Ford- or Lincoln-brand vehicles from Ford Credit. The estimated cost for these incentives is recorded as a revenue reduction to Automotive revenues when the vehicle is sold to the dealer. See Note 1 for additional information regarding transactions between Automotive and Financial Services sectors. We pay the discounted value of the incentive directly to Ford Credit on behalf of the retail customer upon acquisition of the retail finance or lease contract to compensate Ford Credit for the lower interest or lease rates offered to the retail customer. The Financial Services sector recognized revenue of $1.5 billion, $1.6 billion, and $2.1 billion in 2013, 2012, and 2011, respectively, for special financing consistent with the earnings process of the underlying receivable, and lower depreciation of $946 million, $850 million, and $889 million in 2013, 2012 and 2011, respectively, related to leasing programs. | ||||||||||||
NOTE 2. SUMMARY OF ACCOUNTING POLICIES (Continued) | ||||||||||||
Sales and Marketing Incentives | ||||||||||||
Sales and marketing incentives generally are recognized by the Automotive sector as revenue reductions in Automotive revenues. The incentives generally take the form of cash payments to dealers and dealers’ customers. The reduction to revenue is accrued at the later of the date the related vehicle is sold or the date the incentive program is both approved and communicated. We generally estimate these accruals using incentive programs that are approved as of the balance sheet date and are expected to be effective at the beginning of the subsequent period. | ||||||||||||
Supplier Price Adjustments | ||||||||||||
We frequently negotiate price adjustments with our suppliers throughout a production cycle, even after receiving production material. These price adjustments relate to changes in design specifications or other commercial terms such as economics, productivity, and competitive pricing. We recognize price adjustments when we reach final agreement with our suppliers. In general, we avoid direct price changes in consideration of future business; however, when these occur, our policy is to defer the financial statement impact of any such price change given explicitly in consideration of future business where guaranteed volumes are specified. | ||||||||||||
Raw Material Arrangements | ||||||||||||
We may, at times, negotiate prices for and facilitate the purchase of raw materials on behalf of our suppliers. These raw material arrangements, which take place independently of any purchase orders issued to our suppliers, are negotiated at arms’ length and do not involve volume guarantees. When we pass the risks and rewards of ownership to our suppliers, including inventory risk, market price risk, and credit risk for the raw material, we record both the cost of the raw material and the income from the subsequent sale to the supplier in Automotive cost of sales. | ||||||||||||
Government Incentives | ||||||||||||
We receive incentives from U.S. and non-U.S. governmental entities in the form of tax rebates or credits, grants, and loans. Government incentives are recorded in the financial statements in accordance with their purpose, either as a reduction of expense or a reduction of the cost of the capital investment. A discount is calculated on government loans with a below-market interest rate. The benefit of these incentives generally is recorded when all conditions as specified in the agreement are fulfilled. | ||||||||||||
Selected Other Costs | ||||||||||||
Engineering, research, and development costs are included in Automotive cost of sales; advertising costs are included in Selling, administrative, and other expenses. Engineering, research, and development costs are expensed as incurred when performed internally or when performed by a supplier if we guarantee reimbursement. Advertising costs are expensed as incurred. Engineering, research, development, and advertising expenses for the years ended December 31 were as follows (in billions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Engineering, research, and development | $ | 6.4 | $ | 5.5 | $ | 5.3 | ||||||
Advertising | 4.4 | 4 | 4.1 | |||||||||
Presentation of Sales and Sales-Related Taxes | ||||||||||||
We collect and remit taxes assessed by different governmental authorities that are both imposed on and concurrent with a revenue-producing transaction between us and our customers. These taxes may include, but are not limited to, sales, use, value-added, and some excise taxes. We report the collection of these taxes on a net basis (excluded from revenues). |
Accounting_Standards_Issued_Bu
Accounting Standards Issued But Not Yet Adopted | 12 Months Ended |
Dec. 31, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
ACCOUNTING STANDARDS ISSUED BUT NOT YET ADOPTED | ' |
ACCOUNTING STANDARDS ISSUED BUT NOT YET ADOPTED | |
Income Taxes - Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. In July 2013, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard that requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset where a net operating loss, a similar tax loss, or a tax credit carryforward exists and certain criteria are met. The new accounting standard is effective as of January 1, 2014 and is consistent with our present practice. | |
Foreign Currency Matters - Parent’s Accounting for Cumulative Translation Adjustment. In March 2013, the FASB issued a new accounting standard that clarifies the applicable guidance for a parent company’s accounting for the release of the cumulative translation adjustment into net income upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. The new accounting standard is effective as of January 1, 2014 and is consistent with our present practice. | |
Liabilities - Obligations Resulting from Joint and Several Liability Arrangements. In February 2013, the FASB issued a new accounting standard that provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements. This new accounting standard is effective as of January 1, 2014 and we do not expect this standard to have a material impact on our consolidated financial statements or financial statement disclosures. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||
FAIR VALUE MEASUREMENTS | ' | |||||||||||||||||||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||||||||||||||||||
Cash equivalents, marketable securities, and derivative financial instruments are presented on our financial statements on a recurring basis at fair value, while other assets and liabilities are measured at fair value on a nonrecurring basis, such as when we have an asset impairment. | ||||||||||||||||||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||||||||||||
In measuring fair value, we use various valuation methodologies and prioritize the use of observable inputs. The use of observable and unobservable inputs and their significance in measuring fair value are reflected in our fair value hierarchy assessment. | ||||||||||||||||||||||||||||||||
• | Level 1 - inputs include quoted prices for identical instruments and are the most observable | |||||||||||||||||||||||||||||||
• | Level 2 - inputs include quoted prices for similar instruments and observable inputs such as interest rates, currency exchange rates, and yield curves | |||||||||||||||||||||||||||||||
• | Level 3 - inputs include data not observable in the market and reflect management judgment about the assumptions market participants would use in pricing the instruments | |||||||||||||||||||||||||||||||
We review the inputs to the fair value measurements to ensure they are appropriately categorized within the fair value hierarchy. Transfers into and transfers out of the hierarchy levels are recognized as if they had taken place at the end of the reporting period. | ||||||||||||||||||||||||||||||||
Valuation Methodologies | ||||||||||||||||||||||||||||||||
Cash and Cash Equivalents. Included in Cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash, and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. A debt security is classified as a cash equivalent if it meets these criteria and if it has a remaining time to maturity of three months or less from the date of acquisition. Amounts on deposit and available upon demand, or negotiated to provide for daily liquidity without penalty, are classified as Cash and cash equivalents. Time deposits, certificates of deposit, and money market accounts that meet the above criteria are reported at par value on our balance sheet and are excluded from the tables below. | ||||||||||||||||||||||||||||||||
NOTE 4. FAIR VALUE MEASUREMENTS (Continued) | ||||||||||||||||||||||||||||||||
Marketable Securities. Investments in securities with a maturity date greater than three months at the date of purchase and other securities for which there is more than an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal are classified as Marketable securities. We generally measure fair value using prices obtained from pricing services. Pricing methodologies and inputs to valuation models used by the pricing services depend on the security type (i.e., asset class). Where possible, fair values are generated using market inputs including | ||||||||||||||||||||||||||||||||
quoted prices (the closing price in an exchange market), bid prices (the price at which a buyer stands ready to purchase), and other market information. For fixed income securities that are not actively traded, the pricing services use alternative methods to determine fair value for the securities, including quotes for similar fixed-income securities, matrix pricing, discounted cash flow using benchmark curves, or other factors. In certain cases, when market data are not available, we may use broker quotes to determine fair value. | ||||||||||||||||||||||||||||||||
An annual review is performed on the security prices received from our pricing services, which includes discussion and analysis of the inputs used by the pricing services to value our securities. We also compare the price of certain securities sold close to the quarter end to the price of the same security at the balance sheet date to ensure the reported fair value is reasonable. | ||||||||||||||||||||||||||||||||
Realized and unrealized gains and losses and interest income on our marketable securities are recorded in Automotive interest income and other income/(expense), net and Financial Services other income/(loss), net. Realized gains and losses are measured using the specific identification method. | ||||||||||||||||||||||||||||||||
We have entered into repurchase agreements with certain counterparties where we are the transferee. These agreements allow us to offset our entire gross exposure in the event of default or breach of contract. The gross value of these assets and liabilities reflected on our balance sheet at December 31, 2013 and December 31, 2012 was $228 million and $51 million, respectively. | ||||||||||||||||||||||||||||||||
Derivative Financial Instruments. Our derivatives are over-the-counter customized derivative transactions and are not exchange traded. We estimate the fair value of these instruments using industry-standard valuation models such as a discounted cash flow. These models project future cash flows and discount the future amounts to a present value using market-based expectations for interest rates, foreign exchange rates, commodity prices, and the contractual terms of the derivative instruments. The discount rate used is the relevant interbank deposit rate (e.g., LIBOR) plus an adjustment for non-performance risk. The adjustment reflects the full credit default swap (“CDS”) spread applied to a net exposure, by | ||||||||||||||||||||||||||||||||
counterparty, considering the master netting agreements and any posted collateral. We use our counterparty’s CDS spread when we are in a net asset position and our own CDS spread when we are in a net liability position. In certain cases, market data are not available and we use broker quotes and models (e.g., Black-Scholes) to determine fair value. This includes situations where there is lack of liquidity for a particular currency or commodity or when the instrument is longer dated. | ||||||||||||||||||||||||||||||||
Ford Credit’s two Ford Upgrade Exchange Linked securitization transactions (“FUEL Notes”) had derivative features that included a mandatory exchange to Ford Credit unsecured notes when Ford Credit’s senior unsecured debt received two investment grade credit ratings among Fitch, Moody’s, and S&P, and a make-whole provision. Ford Credit estimated the fair value of these features by comparing the fair value of the FUEL Notes to the value of a hypothetical debt instrument without these features. In the second quarter of 2012, Ford Credit received two investment grade credit ratings, thereby triggering the mandatory exchange feature and the FUEL Notes derivatives were extinguished. | ||||||||||||||||||||||||||||||||
Finance Receivables. We measure finance receivables at fair value for purposes of disclosure (see Note 6) using internal valuation models. These models project future cash flows of financing contracts based on scheduled contract payments (including principal and interest). The projected cash flows are discounted to present value based on assumptions regarding credit losses, pre-payment speed, and applicable spreads to approximate current rates. Our assumptions regarding pre-payment speed and credit losses are based on historical performance. The fair value of finance receivables is categorized within Level 3 of the hierarchy. | ||||||||||||||||||||||||||||||||
On a nonrecurring basis, we also measure at fair value retail contracts greater than 120 days past due or deemed to be uncollectible, and individual dealer loans probable of foreclosure. We use the fair value of collateral, adjusted for estimated costs to sell, to determine the fair value of our receivables. The collateral for a retail receivable is the vehicle financed, and for dealer loans is real estate or other property. | ||||||||||||||||||||||||||||||||
NOTE 4. FAIR VALUE MEASUREMENTS (Continued) | ||||||||||||||||||||||||||||||||
The fair value of collateral for retail receivables is calculated based on the number of contracts multiplied by the loss severity and the probability of default (“POD”) percentage, or the outstanding receivable balances multiplied by the average recovery value (“ARV”) percentage to determine the fair value adjustment. | ||||||||||||||||||||||||||||||||
The fair value of collateral for dealer loans is determined by reviewing various appraisals, which include total adjusted appraised value of land and improvements, alternate use appraised value, broker's opinion of value, and purchase offers. The fair value adjustment is calculated by comparing the net carrying value of the dealer loan and the estimated fair value of collateral. | ||||||||||||||||||||||||||||||||
The fair value of retail and dealer loans measured on a non-recurring basis was $61 million and $80 million at December 31, 2013 and December 31, 2012, respectively. Changes in the significant unobservable inputs will not materially affect the fair value of these loans. The fair value adjustment recorded to expense for these receivables was $20 million, $25 million and $37 million in 2013, 2012 and 2011, respectively. | ||||||||||||||||||||||||||||||||
Debt. We measure debt at fair value for purposes of disclosure (see Note 15) using quoted prices for our own debt with approximately the same remaining maturities, where possible. Where quoted prices are not available, we estimate fair value using discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of the debt instruments. For certain short-term debt with an original maturity date of one year or less, we assume that book value is a reasonable approximation of the debt’s fair value. The fair value of debt is categorized within Level 2 of the hierarchy. | ||||||||||||||||||||||||||||||||
NOTE 4. FAIR VALUE MEASUREMENTS (Continued) | ||||||||||||||||||||||||||||||||
Input Hierarchy of Items Measured at Fair Value on a Recurring Basis | ||||||||||||||||||||||||||||||||
The following tables categorize the fair values of items measured at fair value on a recurring basis on our balance sheet (in millions): | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Cash equivalents – financial instruments | ||||||||||||||||||||||||||||||||
U.S. government | $ | — | $ | 9 | $ | — | $ | 9 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
U.S. government-sponsored enterprises | — | 24 | — | 24 | — | 718 | — | 718 | ||||||||||||||||||||||||
Non-U.S. government | — | 200 | — | 200 | — | 139 | — | 139 | ||||||||||||||||||||||||
Non-U.S. government agencies (a) | — | — | — | — | — | 365 | — | 365 | ||||||||||||||||||||||||
Total cash equivalents – financial instruments (b) | — | 233 | — | 233 | — | 1,222 | — | 1,222 | ||||||||||||||||||||||||
Marketable securities | ||||||||||||||||||||||||||||||||
U.S. government | 3,752 | — | — | 3,752 | 4,493 | — | — | 4,493 | ||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | 6,596 | — | 6,596 | — | 5,459 | — | 5,459 | ||||||||||||||||||||||||
Non-U.S. government agencies (a) | — | 5,423 | — | 5,423 | — | 4,794 | — | 4,794 | ||||||||||||||||||||||||
Corporate debt | — | 2,623 | — | 2,623 | — | 1,871 | — | 1,871 | ||||||||||||||||||||||||
Mortgage-backed and other asset-backed | — | 295 | — | 295 | — | 25 | — | 25 | ||||||||||||||||||||||||
Equities | 341 | — | — | 341 | 142 | — | — | 142 | ||||||||||||||||||||||||
Non-U.S. government | — | 1,115 | — | 1,115 | — | 1,367 | — | 1,367 | ||||||||||||||||||||||||
Other liquid investments (c) | — | 12 | — | 12 | — | 27 | — | 27 | ||||||||||||||||||||||||
Total marketable securities | 4,093 | 16,064 | — | 20,157 | 4,635 | 13,543 | — | 18,178 | ||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | — | 557 | — | 557 | — | 218 | — | 218 | ||||||||||||||||||||||||
Commodity contracts | — | 22 | 1 | 23 | — | 19 | 4 | 23 | ||||||||||||||||||||||||
Total derivative financial instruments (d) | — | 579 | 1 | 580 | — | 237 | 4 | 241 | ||||||||||||||||||||||||
Total assets at fair value | $ | 4,093 | $ | 16,876 | $ | 1 | $ | 20,970 | $ | 4,635 | $ | 15,002 | $ | 4 | $ | 19,641 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | — | $ | 399 | $ | — | $ | 399 | $ | — | $ | 486 | $ | — | $ | 486 | ||||||||||||||||
Commodity contracts | — | 17 | 2 | 19 | — | 112 | 12 | 124 | ||||||||||||||||||||||||
Total derivative financial instruments (d) | — | 416 | 2 | 418 | — | 598 | 12 | 610 | ||||||||||||||||||||||||
Total liabilities at fair value | $ | — | $ | 416 | $ | 2 | $ | 418 | $ | — | $ | 598 | $ | 12 | $ | 610 | ||||||||||||||||
__________ | ||||||||||||||||||||||||||||||||
(a) | Includes notes issued by non-U.S. government agencies, as well as notes issued by supranational institutions. | |||||||||||||||||||||||||||||||
(b) | Excludes time deposits, certificates of deposit, money market accounts, and other cash equivalents reported at par value on our balance sheet totaling $2.7 billion and $3 billion at December 31, 2013 and 2012, respectively, for the Automotive sector. In addition to these cash equivalents, our Automotive sector also had cash on hand totaling $2 billion and $2 billion at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||
(c) | Includes certificates of deposit and time deposits subject to changes in value. | |||||||||||||||||||||||||||||||
(d) | See Note 16 for additional information regarding derivative financial instruments. | |||||||||||||||||||||||||||||||
NOTE 4. FAIR VALUE MEASUREMENTS (Continued) | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Cash equivalents – financial instruments | ||||||||||||||||||||||||||||||||
U.S. government | $ | — | $ | — | $ | — | $ | — | $ | 200 | $ | — | $ | — | $ | 200 | ||||||||||||||||
U.S. government-sponsored enterprises | — | — | — | — | — | 20 | — | 20 | ||||||||||||||||||||||||
Non-U.S. government | — | 24 | — | 24 | — | 103 | — | 103 | ||||||||||||||||||||||||
Corporate debt | — | — | — | — | — | 1 | — | 1 | ||||||||||||||||||||||||
Total cash equivalents – financial instruments (a) | — | 24 | — | 24 | 200 | 124 | — | 324 | ||||||||||||||||||||||||
Marketable securities | ||||||||||||||||||||||||||||||||
U.S. government | 418 | — | — | 418 | 620 | — | — | 620 | ||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | 25 | — | 25 | — | 12 | — | 12 | ||||||||||||||||||||||||
Non-U.S. government agencies | — | 128 | — | 128 | — | 95 | — | 95 | ||||||||||||||||||||||||
Corporate debt | — | 1,273 | — | 1,273 | — | 1,155 | — | 1,155 | ||||||||||||||||||||||||
Mortgage-backed and other asset-backed | — | 43 | — | 43 | — | 67 | — | 67 | ||||||||||||||||||||||||
Non-U.S. government | — | 56 | — | 56 | — | 142 | — | 142 | ||||||||||||||||||||||||
Other liquid investments (b) | — | — | — | — | — | 15 | — | 15 | ||||||||||||||||||||||||
Total marketable securities | 418 | 1,525 | — | 1,943 | 620 | 1,486 | — | 2,106 | ||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Interest rate contracts | — | 584 | — | 584 | — | 1,291 | — | 1,291 | ||||||||||||||||||||||||
Foreign currency exchange contracts | — | 1 | — | 1 | — | 9 | — | 9 | ||||||||||||||||||||||||
Cross-currency interest rate swap contracts | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Total derivative financial instruments (c) | — | 585 | — | 585 | — | 1,300 | — | 1,300 | ||||||||||||||||||||||||
Total assets at fair value | $ | 418 | $ | 2,134 | $ | — | $ | 2,552 | $ | 820 | $ | 2,910 | $ | — | $ | 3,730 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Interest rate contracts | $ | — | $ | 305 | $ | — | $ | 305 | $ | — | $ | 256 | $ | — | $ | 256 | ||||||||||||||||
Foreign currency exchange contracts | — | 25 | — | 25 | — | 8 | — | 8 | ||||||||||||||||||||||||
Cross-currency interest rate swap contracts | — | 176 | — | 176 | — | 117 | — | 117 | ||||||||||||||||||||||||
Total derivative financial instruments (c) | — | 506 | — | 506 | — | 381 | — | 381 | ||||||||||||||||||||||||
Total liabilities at fair value | $ | — | $ | 506 | $ | — | $ | 506 | $ | — | $ | 381 | $ | — | $ | 381 | ||||||||||||||||
__________ | ||||||||||||||||||||||||||||||||
(a) | Excludes time deposits, certificates of deposit, and money market accounts reported at par value on our balance sheet totaling $6.7 billion and $6.5 billion at December 31, 2013 and 2012, respectively. In addition to these cash equivalents, we also had cash on hand totaling $2.8 billion and $2.6 billion at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||
(b) | Includes certificates of deposit and time deposits subject to changes in value. | |||||||||||||||||||||||||||||||
(c) | See Note 16 for additional information regarding derivative financial instruments. | |||||||||||||||||||||||||||||||
Restricted_Cash
Restricted Cash | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Restricted Cash and Investments [Abstract] | ' | |||||||
RESTRICTED CASH | ' | |||||||
RESTRICTED CASH | ||||||||
Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in Other assets on our balance sheet. | ||||||||
Our Automotive sector restricted cash balances primarily include various escrow agreements related to legal, insurance, customs, and environmental matters. The December 31, 2012 balance included cash collateral required to be held against loans from the European Investment Bank (“EIB”). Our Financial Services sector restricted cash balances primarily include cash held to meet certain local governmental and regulatory reserve requirements and cash held under the terms of certain contractual agreements. | ||||||||
Restricted cash does not include required minimum balances or cash securing debt issued through securitization transactions. | ||||||||
Restricted cash balances were as follows (in millions): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Automotive sector | $ | 14 | $ | 172 | ||||
Financial Services sector | 172 | 172 | ||||||
Total Company | $ | 186 | $ | 344 | ||||
Finance_Receivables
Finance Receivables | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||
FINANCE RECEIVABLES | ' | |||||||||||||||||||||||
FINANCIAL SERVICES SECTOR FINANCE RECEIVABLES | ||||||||||||||||||||||||
Our Financial Services sector finance receivables primarily relate to Ford Credit, but also include the Other Financial Services segment and certain intersector eliminations. | ||||||||||||||||||||||||
Our Financial Services sector segments our finance receivables into North America and International "consumer" and "non-consumer" portfolios. The receivables are generally secured by the vehicles, inventory, or other property being financed. | ||||||||||||||||||||||||
Finance receivables are recorded at the time of origination or purchase at fair value and are subsequently reported at amortized cost, net of any allowance for credit losses. | ||||||||||||||||||||||||
Consumer Portfolio. Receivables in this portfolio include products offered to individuals and businesses that finance the acquisition of Ford and Lincoln vehicles from dealers for personal or commercial use. Retail financing includes retail installment contracts for new and used vehicles and direct financing leases with retail customers, government entities, daily rental companies, and fleet customers. | ||||||||||||||||||||||||
Non-Consumer Portfolio. Receivables in this portfolio include products offered to automotive dealers. The products include: | ||||||||||||||||||||||||
• | Dealer financing – wholesale loans to dealers to finance the purchase of vehicle inventory, also known as floorplan financing, and loans to dealers to finance working capital and improvements to dealership facilities, finance the purchase of dealership real estate, and finance other dealer programs. Wholesale financing is approximately 95% of our dealer financing | |||||||||||||||||||||||
• | Other financing – purchased receivables primarily related to the sale of parts and accessories to dealers | |||||||||||||||||||||||
NOTE 6. FINANCIAL SERVICES SECTOR FINANCE RECEIVABLES (Continued) | ||||||||||||||||||||||||
Finance receivables, net were as follows (in millions): | ||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||
North | International | Total Finance Receivables | North | International | Total Finance Receivables | |||||||||||||||||||
America | America | |||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Retail financing, gross | $ | 40,902 | $ | 10,797 | $ | 51,699 | $ | 39,504 | $ | 10,460 | $ | 49,964 | ||||||||||||
Less: Unearned interest supplements | (1,255 | ) | (247 | ) | (1,502 | ) | (1,264 | ) | (287 | ) | (1,551 | ) | ||||||||||||
Consumer finance receivables | 39,647 | 10,550 | 50,197 | 38,240 | 10,173 | 48,413 | ||||||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Dealer financing | 22,072 | 7,833 | 29,905 | 19,429 | 7,242 | 26,671 | ||||||||||||||||||
Other | 732 | 339 | 1,071 | 689 | 386 | 1,075 | ||||||||||||||||||
Non-Consumer finance receivables | 22,804 | 8,172 | 30,976 | 20,118 | 7,628 | 27,746 | ||||||||||||||||||
Total recorded investment | $ | 62,451 | $ | 18,722 | $ | 81,173 | $ | 58,358 | $ | 17,801 | $ | 76,159 | ||||||||||||
Recorded investment in finance receivables | $ | 62,451 | $ | 18,722 | $ | 81,173 | $ | 58,358 | $ | 17,801 | $ | 76,159 | ||||||||||||
Less: Allowance for credit losses | (280 | ) | (77 | ) | (357 | ) | (309 | ) | (80 | ) | (389 | ) | ||||||||||||
Finance receivables, net (a) | $ | 62,171 | $ | 18,645 | $ | 80,816 | $ | 58,049 | $ | 17,721 | $ | 75,770 | ||||||||||||
Net finance receivables subject to fair value (b) | $ | 79,149 | $ | 73,618 | ||||||||||||||||||||
Fair value | 80,838 | 75,618 | ||||||||||||||||||||||
__________ | ||||||||||||||||||||||||
(a) | At December 31, 2013 and 2012, Finance receivables, net on the consolidated balance sheet were $77.5 billion and $71 billion, respectively. The balance is comprised of Financial Services sector finance receivables of $80.8 billion and $75.8 billion, respectively, net of $3.3 billion and $4.8 billion, respectively, of receivables purchased by Financial Services sector from Automotive sector, which are reclassified to Other receivables, net. | |||||||||||||||||||||||
(b) | At December 31, 2013 and 2012, excludes $1.7 billion and $2.2 billion, respectively, of certain receivables (primarily direct financing leases) that are not subject to fair value disclosure requirements. | |||||||||||||||||||||||
Excluded from finance receivables at December 31, 2013 and 2012, was $196 million and $183 million, respectively, of accrued uncollected interest, which we report in Other assets on the balance sheet. | ||||||||||||||||||||||||
Included in the recorded investment in finance receivables at December 31, 2013 and 2012 were North America consumer receivables of $21.8 billion and $23 billion and non-consumer receivables of $18.9 billion and $17.1 billion, respectively, and International consumer receivables of $5.9 billion and $6.6 billion and non-consumer receivables of $5 billion and $4.5 billion, respectively, that secure certain debt obligations. The receivables are available only for payment of the debt issued by, and other obligations of, the securitization entities that are parties to those securitization transactions; they are not available to pay the other obligations of our Financial Services sector or the claims of Ford Credit’s other creditors. Ford Credit holds the right to receive the excess cash flows not needed to pay the debt issued by, and other obligations of, the securitization entities that are parties to those securitization transactions (see Notes 11 and 15). | ||||||||||||||||||||||||
NOTE 6. FINANCIAL SERVICES SECTOR FINANCE RECEIVABLES (Continued) | ||||||||||||||||||||||||
Contractual maturities of total finance receivables outstanding at December 31, 2013 reflect contractual repayments due from customers or borrowers as follows (in millions): | ||||||||||||||||||||||||
Due in Year Ending December 31, | ||||||||||||||||||||||||
2014 | 2015 | 2016 | Thereafter | Total | ||||||||||||||||||||
North America | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Retail financing, gross | $ | 11,808 | $ | 10,134 | $ | 8,487 | $ | 10,473 | $ | 40,902 | ||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Dealer financing | 20,375 | 581 | 152 | 964 | 22,072 | |||||||||||||||||||
Other | 729 | 2 | 1 | — | 732 | |||||||||||||||||||
Total North America | $ | 32,912 | $ | 10,717 | $ | 8,640 | $ | 11,437 | $ | 63,706 | ||||||||||||||
International | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Retail financing, gross | $ | 3,842 | $ | 3,363 | $ | 2,207 | $ | 1,385 | $ | 10,797 | ||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Dealer financing | 6,962 | 809 | 44 | 18 | 7,833 | |||||||||||||||||||
Other | 339 | — | — | — | 339 | |||||||||||||||||||
Total International | $ | 11,143 | $ | 4,172 | $ | 2,251 | $ | 1,403 | $ | 18,969 | ||||||||||||||
Our finance receivables are pre-payable without penalty, so prepayments may cause actual maturities to differ from contractual maturities. The above table, therefore, is not to be regarded as a forecast of future cash collections. For wholesale receivables, which are included in dealer financing, maturities stated above are estimated based on historical trends, as maturities on outstanding amounts are scheduled upon the sale of the underlying vehicle by the dealer. | ||||||||||||||||||||||||
Investment in direct financing leases, which are included in consumer receivables, were as follows (in millions): | ||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||
North America | International | Total Direct Financing Leases | North America | International | Total Direct Financing Leases | |||||||||||||||||||
Total minimum lease rentals to be received | $ | 216 | $ | 1,468 | $ | 1,684 | $ | 58 | $ | 1,466 | $ | 1,524 | ||||||||||||
Initial direct costs | 4 | 15 | 19 | 1 | 16 | 17 | ||||||||||||||||||
Estimated residual values | — | 143 | 143 | — | 851 | 851 | ||||||||||||||||||
Less: Unearned income | (22 | ) | (116 | ) | (138 | ) | (7 | ) | (152 | ) | (159 | ) | ||||||||||||
Less: Unearned interest supplements | — | (40 | ) | (40 | ) | — | (82 | ) | (82 | ) | ||||||||||||||
Recorded investment in direct financing leases | 198 | 1,470 | 1,668 | 52 | 2,099 | 2,151 | ||||||||||||||||||
Less: Allowance for credit losses | (2 | ) | (5 | ) | (7 | ) | (1 | ) | (8 | ) | (9 | ) | ||||||||||||
Net investment in direct financing leases | $ | 196 | $ | 1,465 | $ | 1,661 | $ | 51 | $ | 2,091 | $ | 2,142 | ||||||||||||
Future minimum rental payments due from direct financing leases at December 31, 2013 were as follows (in millions): | ||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | Thereafter | ||||||||||||||||||||
North America | $ | 73 | $ | 52 | $ | 50 | $ | 28 | $ | 13 | ||||||||||||||
International | 568 | 459 | 272 | 139 | 30 | |||||||||||||||||||
Aging | ||||||||||||||||||||||||
For all finance receivables, we define “past due” as any payment, including principal and interest, that is at least 31 days past the contractual due date. The recorded investment of consumer receivables greater than 90 days past due and still accruing interest was $14 million and $13 million at December 31, 2013 and 2012, respectively. The recorded investment of non-consumer receivables greater than 90 days past due and still accruing interest was $21 million and $5 million at December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||
NOTE 6. FINANCIAL SERVICES SECTOR FINANCE RECEIVABLES (Continued) | ||||||||||||||||||||||||
The aging analysis of our finance receivables balances at December 31 were as follows (in millions): | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
North America | International | Total | North America | International | Total | |||||||||||||||||||
Consumer | ||||||||||||||||||||||||
31-60 days past due | $ | 715 | $ | 39 | $ | 754 | $ | 783 | $ | 50 | $ | 833 | ||||||||||||
61-90 days past due | 88 | 17 | 105 | 97 | 18 | 115 | ||||||||||||||||||
91-120 days past due | 18 | 9 | 27 | 21 | 9 | 30 | ||||||||||||||||||
Greater than 120 days past due | 37 | 26 | 63 | 52 | 29 | 81 | ||||||||||||||||||
Total past due | 858 | 91 | 949 | 953 | 106 | 1,059 | ||||||||||||||||||
Current | 38,789 | 10,459 | 49,248 | 37,287 | 10,067 | 47,354 | ||||||||||||||||||
Consumer finance receivables | 39,647 | 10,550 | 50,197 | 38,240 | 10,173 | 48,413 | ||||||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Total past due | 49 | 40 | 89 | 29 | 11 | 40 | ||||||||||||||||||
Current | 22,755 | 8,132 | 30,887 | 20,089 | 7,617 | 27,706 | ||||||||||||||||||
Non-Consumer finance receivables | 22,804 | 8,172 | 30,976 | 20,118 | 7,628 | 27,746 | ||||||||||||||||||
Total recorded investment | $ | 62,451 | $ | 18,722 | $ | 81,173 | $ | 58,358 | $ | 17,801 | $ | 76,159 | ||||||||||||
Credit Quality | ||||||||||||||||||||||||
Consumer Portfolio. When originating all classes of consumer receivables, we use a proprietary scoring system that measures the credit quality of the receivables using several factors, such as credit bureau information, consumer credit risk scores (e.g., FICO score), and contract characteristics. In addition to our proprietary scoring system, we consider other individual consumer factors, such as employment history, financial stability, and capacity to pay. | ||||||||||||||||||||||||
Subsequent to origination, we review the credit quality of retail financing based on customer payment activity. As each customer develops a payment history, we use an internally-developed behavioral scoring model to assist in determining the best collection strategies which allows us to focus collection activity on higher-risk accounts. These models are used to refine our risk-based staffing model to ensure collection resources are aligned with portfolio risk. Based on data from this scoring model, contracts are categorized by collection risk. Our collection models evaluate several factors, including origination characteristics, updated credit bureau data, and payment patterns. | ||||||||||||||||||||||||
Credit quality ratings for consumer receivables are based on aging. Refer to the aging table above. | ||||||||||||||||||||||||
Consumer receivables credit quality ratings are as follows: | ||||||||||||||||||||||||
• | Pass – current to 60 days past due | |||||||||||||||||||||||
• | Special Mention – 61 to 120 days past due and in intensified collection status | |||||||||||||||||||||||
• | Substandard – greater than 120 days past due and for which the uncollectible portion of the receivables has already been charged-off, as measured using the fair value of collateral | |||||||||||||||||||||||
Non-Consumer Portfolio. We extend credit to dealers primarily in the form of lines of credit to purchase new Ford and Lincoln vehicles as well as used vehicles. Payment is required when the dealer has sold the vehicle. Each non-consumer lending request is evaluated by taking into consideration the borrower’s financial condition and the underlying collateral securing the loan. We use a proprietary model to assign each dealer a risk rating. This model uses historical dealer performance data to identify key factors about a dealer that we consider most significant in predicting a dealer’s ability to meet its financial obligations. We also consider numerous other financial and qualitative factors of the dealer’s operations including capitalization and leverage, liquidity and cash flow, profitability, and credit history with ourselves and other creditors. A dealer’s risk rating does not reflect any guarantees or a dealer owner’s net worth. | ||||||||||||||||||||||||
NOTE 6. FINANCIAL SERVICES SECTOR FINANCE RECEIVABLES (Continued) | ||||||||||||||||||||||||
Dealers are assigned to one of four groups according to risk ratings as follows: | ||||||||||||||||||||||||
• | Group I – strong to superior financial metrics | |||||||||||||||||||||||
• | Group II – fair to favorable financial metrics | |||||||||||||||||||||||
• | Group III – marginal to weak financial metrics | |||||||||||||||||||||||
• | Group IV – poor financial metrics, including dealers classified as uncollectible | |||||||||||||||||||||||
We suspend credit lines and extend no further funding to dealers classified in Group IV. | ||||||||||||||||||||||||
We regularly review our model to confirm the continued business significance and statistical predictability of the factors and update the model to incorporate new factors or other information that improves its statistical predictability. In addition, we regularly audit dealer inventory and dealer sales records to verify that the dealer is in possession of the financed vehicles and is promptly paying each receivable following the sale of the financed vehicle. The frequency of on-site vehicle inventory audits depends on the dealer’s risk rating. Under our policies, on-site vehicle inventory audits of low-risk dealers are conducted only as circumstances warrant in North America and at least annually internationally, and audits of higher-risk dealers are conducted with increased frequency based on risk ratings worldwide. We perform a credit review of each dealer at least annually and adjust the dealer’s risk rating, if necessary. | ||||||||||||||||||||||||
The credit quality of non-consumer receivables is evaluated based on our internal dealer risk rating analysis. A dealer has the same risk rating for its entire dealer financing regardless of the type of financing. | ||||||||||||||||||||||||
The credit quality analysis of our dealer financing receivables at December 31 was as follows (in millions): | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
North America | International | Total | North America | International | Total | |||||||||||||||||||
Dealer Financing | ||||||||||||||||||||||||
Group I | $ | 18,357 | $ | 5,051 | $ | 23,408 | $ | 16,526 | $ | 4,551 | $ | 21,077 | ||||||||||||
Group II | 3,289 | 2,092 | 5,381 | 2,608 | 1,405 | 4,013 | ||||||||||||||||||
Group III | 424 | 649 | 1,073 | 277 | 1,279 | 1,556 | ||||||||||||||||||
Group IV | 2 | 41 | 43 | 18 | 7 | 25 | ||||||||||||||||||
Total recorded investment | $ | 22,072 | $ | 7,833 | $ | 29,905 | $ | 19,429 | $ | 7,242 | $ | 26,671 | ||||||||||||
Impaired Receivables. Impaired consumer receivables include accounts that have been rewritten or modified in reorganization proceedings pursuant to the U.S. Bankruptcy Code that are considered to be troubled debt restructurings (“TDRs”), as well as all accounts greater than 120 days past due. Impaired non-consumer receivables represent accounts with dealers that have weak or poor financial metrics or dealer financing that has been modified in TDRs. The recorded investment of consumer receivables that were impaired at December 31, 2013 and 2012 was $435 million, or 0.9% of consumer receivables, and $422 million, or 0.9% of consumer receivables, respectively. The recorded investment of non-consumer receivables that were impaired at December 31, 2013 and 2012 was $71 million, or 0.2% of non-consumer receivables, and $47 million, or 0.2% of the non-consumer receivables, respectively. Impaired finance receivables are evaluated both collectively and specifically. See Note 8 for additional information related to the development of our allowance for credit losses. | ||||||||||||||||||||||||
Non-Accrual Receivables. The accrual of revenue is discontinued at the earlier of the time a receivable is determined to be uncollectible, at bankruptcy status notification, or greater than 120 days past due. Accounts may be restored to accrual status only when a customer settles all past-due deficiency balances and future payments are reasonably assured. For receivables in non-accrual status, subsequent financing revenue is recognized only to the extent a payment is received. Payments are generally applied first to outstanding interest and then to the unpaid principal balance. | ||||||||||||||||||||||||
The recorded investment of consumer receivables in non-accrual status was $238 million, or 0.5% of our consumer receivables at December 31, 2013, and $304 million, or 0.6% of consumer receivables at December 31, 2012. The recorded investment of non-consumer receivables in non-accrual status was $41 million, or 0.1% of our non-consumer receivables at December 31, 2013, and $29 million, or 0.1% of non-consumer receivables at December 31, 2012. | ||||||||||||||||||||||||
NOTE 6. FINANCIAL SERVICES SECTOR FINANCE RECEIVABLES (Continued) | ||||||||||||||||||||||||
Troubled Debt Restructurings. A restructuring of debt constitutes a TDR if we grant a concession to a borrower for economic or legal reasons related to the debtor’s financial difficulties that we otherwise would not consider. Consumer and non-consumer receivables that have a modified interest rate below market rate or that were modified in reorganization proceedings pursuant to the U.S. Bankruptcy Code, except non-consumer receivables that are current with minimal risk of loss, are considered to be TDRs. We do not grant concessions on the principal balance of our receivables. If a receivable is modified in a reorganization proceeding, all payment requirements of the reorganization plan need to be met before remaining balances are forgiven. The outstanding recorded investment at time of modification for consumer receivables that are considered to be TDRs was $233 million, or 0.5% of consumer receivables and $249 million, or 0.5% of consumer receivables during the years ended December 31, 2013 and 2012, respectively. The annual subsequent default rate of TDRs that were previously modified in TDRs within the last twelve months and resulted in repossession for consumer receivable was 5.8% and 5.8% of TDRs at December 31, 2013 and 2012, respectively. There were no non-consumer receivables involved in TDRs during the year ended December 31, 2013 and the outstanding recorded investment of non-consumer receivables involved in TDRs was de minimis during the year ended December 31, 2012. | ||||||||||||||||||||||||
Finance receivables involved in TDRs are specifically assessed for impairment. An impairment charge is recorded as part of the provision to the allowance for credit losses for the amount that the recorded investment of the receivable exceeds its estimated fair value. Estimated fair value is based on either the present value of the expected future cash flows of the receivable discounted at the contract’s original effective interest rate, or, for receivables where foreclosure is probable, the fair value of the collateral adjusted for estimated costs to sell. The allowance for credit losses related to all active consumer TDRs was $23 million and $19 million at December 31, 2013 and 2012, respectively. The allowance for credit losses related to all active non-consumer TDRs was de minimis at December 31, 2013 and 2012. |
Net_Investment_in_Operating_Le
Net Investment in Operating Leases | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
NET INVESTMENT IN OPERATING LEASES [Abstract] | ' | |||||||||||||||||||||||
Operating Leases of Lessor Disclosure [Text Block] | ' | |||||||||||||||||||||||
NET INVESTMENT IN OPERATING LEASES | ||||||||||||||||||||||||
Net investment in operating leases on our balance sheet consists primarily of lease contracts for vehicles with retail customers, daily rental companies, government entities, and fleet customers. Assets subject to operating leases are depreciated using the straight-line method over the term of the lease to reduce the asset to its estimated residual value. Estimated residual values are based on assumptions for used vehicle prices at lease termination and the number of vehicles that are expected to be returned. | ||||||||||||||||||||||||
The net investment in operating leases was as follows (in millions): | ||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||
Vehicles, net of depreciation | $ | 1,384 | $ | 1,415 | ||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||
Vehicles and other equipment, at cost (a) | 21,738 | 16,258 | ||||||||||||||||||||||
Accumulated depreciation | (3,115 | ) | (2,347 | ) | ||||||||||||||||||||
Allowance for credit losses | (23 | ) | (23 | ) | ||||||||||||||||||||
Total Financial Services sector | 18,600 | 13,888 | ||||||||||||||||||||||
Total Company | $ | 19,984 | $ | 15,303 | ||||||||||||||||||||
__________ | ||||||||||||||||||||||||
(a) | Includes Ford Credit’s operating lease assets of $8.1 billion and $6.3 billion at December 31, 2013 and 2012, respectively, for which the related cash flows have been used to secure certain lease securitization transactions. Cash flows associated with the net investment in operating leases are available only for payment of the debt or other obligations issued or arising in the securitization transactions; they are not available to pay other obligations or the claims of other creditors. | |||||||||||||||||||||||
NOTE 7. NET INVESTMENT IN OPERATING LEASES (Continued) | ||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||
Operating lease depreciation expense (which includes gains and losses on disposal of assets) for the years ended December 31 was as follows (in millions): | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Operating lease depreciation expense | $ | 2,411 | $ | 1,795 | $ | 1,140 | ||||||||||||||||||
Included in Financial Services revenues are rents on operating leases. The amounts contractually due for minimum rentals on operating leases as of December 31, 2013 are as follows (in millions): | ||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | Thereafter | Total | |||||||||||||||||||
Minimum rentals on operating leases | $ | 2,618 | $ | 2,217 | $ | 1,578 | $ | 221 | $ | 49 | $ | 6,683 | ||||||||||||
Allowance_for_Credit_Losses
Allowance for Credit Losses | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Allowance For Credit Losses [Abstract] | ' | |||||||||||||||||||
ALLOWANCE FOR CREDIT LOSSES | ' | |||||||||||||||||||
FINANCIAL SERVICES SECTOR ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||
The allowance for credit losses represents our estimate of the probable loss on the collection of finance receivables and operating leases as of the balance sheet date. The adequacy of the allowance for credit losses is assessed quarterly and the assumptions and models used in establishing the allowance are evaluated regularly. Because credit losses may vary substantially over time, estimating credit losses requires a number of assumptions about matters that are uncertain. The majority of credit losses are attributable to Ford Credit’s consumer receivables portfolio. | ||||||||||||||||||||
Additions to the allowance for credit losses are made by recording charges to Provision for credit and insurance losses on the sector income statement. The uncollectible portion of finance receivables and operating leases are charged to the allowance for credit losses at the earlier of when an account is deemed to be uncollectible or when an account is 120 days delinquent, taking into consideration the financial condition of the customer, borrower, or lessee, the value of the collateral, recourse to guarantors, and other factors. In the event we repossess the collateral, the receivable is written off and we record the collateral at its estimated fair value less costs to sell and report it in Other assets on the balance sheet. Recoveries on finance receivables and operating leases previously charged-off as uncollectible are credited to the allowance for credit losses. | ||||||||||||||||||||
Consumer | ||||||||||||||||||||
We estimate the allowance for credit losses on our consumer receivables and on our operating leases using a combination of measurement models and management judgment. The models consider factors such as historical trends in credit losses and recoveries (including key metrics such as delinquencies, repossessions, and bankruptcies), the composition of the present portfolio (including vehicle brand, term, risk evaluation, and new/used vehicles), trends in historical and projected used vehicle values, and economic conditions. Estimates from these models rely on historical information and may not fully reflect losses inherent in the present portfolio. Therefore, we may adjust the estimate to reflect management judgment regarding observable changes in recent economic trends and conditions, portfolio composition, and other relevant factors. | ||||||||||||||||||||
We make projections of two key assumptions to assist in estimating the consumer allowance for credit losses: | ||||||||||||||||||||
• | Frequency - number of finance receivables and operating lease contracts that are expected to default over the loss emergence period, measured as repossessions | |||||||||||||||||||
• | Loss severity - expected difference between the amount of money a customer owes when the finance contract is charged off and the amount received, net of expenses from selling the repossessed vehicle, including any recoveries from the customer | |||||||||||||||||||
NOTE 8. FINANCIAL SERVICES SECTOR ALLOWANCE FOR CREDIT LOSSES (Continued) | ||||||||||||||||||||
Collective Allowance for Credit Losses. The collective allowance is evaluated primarily using a collective loss-to-receivables (“LTR”) model that, based on historical experience, indicates credit losses have been incurred in the portfolio even though the particular accounts that are uncollectible cannot be specifically identified. The LTR model is based on the most recent years of history. Each LTR is calculated by dividing credit losses by average end-of-period finance receivables or average end-of-period operating leases, excluding unearned interest supplements and allowance for credit losses. An average LTR is calculated for each product and multiplied by the end-of-period balances for that given product. | ||||||||||||||||||||
The loss emergence period (“LEP”) is a key assumption within our models and represents the average amount of time between when a loss event first occurs and when it is charged off. This time period starts when the consumer begins to experience financial difficulty. It is evidenced, typically through delinquency, before eventually resulting in a charge-off. The LEP is a multiplier in the calculation of the collective consumer allowance for credit losses. | ||||||||||||||||||||
For accounts greater than 120 days past due, the uncollectible portion is charged-off such that the remaining recorded investment is equal to the estimated fair value of the collateral less costs to sell. | ||||||||||||||||||||
Specific Allowance for Impaired Receivables. Consumer receivables involved in TDRs are specifically assessed for impairment. A specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the loan’s original effective interest rate or the fair value of any collateral adjusted for estimated costs to sell. | ||||||||||||||||||||
After establishing the collective and specific allowance for credit losses, if management believes the allowance does not reflect all losses inherent in the portfolio due to changes in recent economic trends and conditions, or other relevant factors, an adjustment is made based on management judgment. | ||||||||||||||||||||
Non-Consumer | ||||||||||||||||||||
We estimate the allowance for credit losses for non-consumer receivables based on historical LTR ratios, expected future cash flows, and the fair value of collateral. | ||||||||||||||||||||
Collective Allowance for Credit Losses. We estimate an allowance for non-consumer receivables that are not specifically identified as impaired using a LTR model for each financing product based on historical experience. This LTR is an average of the most recent historical experience and is calculated consistent with the consumer receivables LTR approach. All accounts that are specifically identified as impaired are excluded from the calculation of the non-specific or collective allowance. | ||||||||||||||||||||
Specific Allowance for Impaired Receivables. Dealer financing is evaluated by segmenting individual loans by the risk characteristics of the loan (such as the amount of the loan, the nature of the collateral, and the financial status of the debtor). The loans are analyzed to determine whether individual loans are impaired, and a specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the loan’s original effective interest rate or the fair value of the collateral adjusted for estimated costs to sell. | ||||||||||||||||||||
After establishing the collective and the specific allowance for credit losses, if management believes the allowance does not reflect all losses inherent in the portfolio due to changes in recent economic trends and conditions, or other relevant factors, an adjustment is made based on management judgment. | ||||||||||||||||||||
NOTE 8. FINANCIAL SERVICES SECTOR ALLOWANCE FOR CREDIT LOSSES (Continued) | ||||||||||||||||||||
Following is an analysis of the allowance for credit losses related to finance receivables and net investment in operating leases for the years ended December 31 (in millions): | ||||||||||||||||||||
2013 | ||||||||||||||||||||
Finance Receivables | Net Investment in | |||||||||||||||||||
Consumer | Non-Consumer | Total | Operating Leases | Total Allowance | ||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||
Beginning balance | $ | 360 | $ | 29 | $ | 389 | $ | 23 | $ | 412 | ||||||||||
Charge-offs | (289 | ) | (15 | ) | (304 | ) | (68 | ) | (372 | ) | ||||||||||
Recoveries | 144 | 5 | 149 | 47 | 196 | |||||||||||||||
Provision for credit losses | 112 | 12 | 124 | 22 | 146 | |||||||||||||||
Other (a) | — | (1 | ) | (1 | ) | (1 | ) | (2 | ) | |||||||||||
Ending balance | $ | 327 | $ | 30 | $ | 357 | $ | 23 | $ | 380 | ||||||||||
Analysis of ending balance of allowance for | ||||||||||||||||||||
credit losses | ||||||||||||||||||||
Collective impairment allowance | $ | 304 | $ | 28 | $ | 332 | $ | 23 | $ | 355 | ||||||||||
Specific impairment allowance | 23 | 2 | 25 | — | 25 | |||||||||||||||
Ending balance | 327 | 30 | 357 | 23 | $ | 380 | ||||||||||||||
Analysis of ending balance of finance receivables and net investment in operating leases | ||||||||||||||||||||
Collectively evaluated for impairment | 49,762 | 30,905 | 80,667 | 18,623 | ||||||||||||||||
Specifically evaluated for impairment | 435 | 71 | 506 | — | ||||||||||||||||
Recorded investment | 50,197 | 30,976 | 81,173 | 18,623 | ||||||||||||||||
Ending balance, net of allowance for credit losses | $ | 49,870 | $ | 30,946 | $ | 80,816 | $ | 18,600 | ||||||||||||
__________ | ||||||||||||||||||||
(a) | Represents amounts related to translation adjustments. | |||||||||||||||||||
2012 | ||||||||||||||||||||
Finance Receivables | Net Investment in | |||||||||||||||||||
Consumer | Non-Consumer | Total | Operating Leases | Total Allowance | ||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||
Beginning balance | $ | 457 | $ | 44 | $ | 501 | $ | 40 | $ | 541 | ||||||||||
Charge-offs | (316 | ) | (8 | ) | (324 | ) | (47 | ) | (371 | ) | ||||||||||
Recoveries | 171 | 12 | 183 | 49 | 232 | |||||||||||||||
Provision for credit losses | 45 | (19 | ) | 26 | (19 | ) | 7 | |||||||||||||
Other (a) | 3 | — | 3 | — | 3 | |||||||||||||||
Ending balance | $ | 360 | $ | 29 | $ | 389 | $ | 23 | $ | 412 | ||||||||||
Analysis of ending balance of allowance for | ||||||||||||||||||||
credit losses | ||||||||||||||||||||
Collective impairment allowance | $ | 341 | $ | 27 | $ | 368 | $ | 23 | $ | 391 | ||||||||||
Specific impairment allowance | 19 | 2 | 21 | — | 21 | |||||||||||||||
Ending balance | 360 | 29 | 389 | 23 | $ | 412 | ||||||||||||||
Analysis of ending balance of finance receivables and net investment in operating leases | ||||||||||||||||||||
Collectively evaluated for impairment | 47,991 | 27,699 | 75,690 | 13,911 | ||||||||||||||||
Specifically evaluated for impairment | 422 | 47 | 469 | — | ||||||||||||||||
Recorded investment | 48,413 | 27,746 | 76,159 | 13,911 | ||||||||||||||||
Ending balance, net of allowance for credit losses | $ | 48,053 | $ | 27,717 | $ | 75,770 | $ | 13,888 | ||||||||||||
__________ | ||||||||||||||||||||
(a) | Represents amounts related to translation adjustments. |
Inventories
Inventories | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
INVENTORIES | ' | |||||||
INVENTORIES | ||||||||
All inventories are stated at the lower of cost or market. Cost for a substantial portion of U.S. inventories is determined on a last-in, first-out (“LIFO”) basis. LIFO was used for 20% and 18% of total inventories at December 31, 2013 and 2012, respectively. Cost of other inventories is determined by costing methods that approximate a first-in, first-out (“FIFO”) basis. | ||||||||
Inventories were as follows (in millions): | ||||||||
December 31, 2013 | December 31, | |||||||
2012 | ||||||||
Raw materials, work-in-process, and supplies | $ | 3,613 | $ | 3,697 | ||||
Finished products | 5,058 | 4,614 | ||||||
Total inventories under FIFO | 8,671 | 8,311 | ||||||
Less: LIFO adjustment | (963 | ) | (949 | ) | ||||
Total inventories | $ | 7,708 | $ | 7,362 | ||||
Equity_in_Net_Assets_of_Affili
Equity in Net Assets of Affiliated Companies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
EQUITY IN NET ASSETS OF AFFILIATED COMPANIES [Abstract] | ' | |||||||||||
Equity in Net Assets of Affiliated Companies | ' | |||||||||||
EQUITY IN NET ASSETS OF AFFILIATED COMPANIES | ||||||||||||
We use the equity method of accounting for our investments in entities over which we do not have control, but over whose operating and financial policies we are able to exercise significant influence. | ||||||||||||
Ownership Percentages and Investment Balances | ||||||||||||
The following table reflects our ownership percentages and carrying value of our equity method investments (in millions, except percentages): | ||||||||||||
Ownership Percentage | Investment Balance | |||||||||||
Automotive Sector | December 31, | December 31, | December 31, | |||||||||
2013 | 2013 | 2012 | ||||||||||
Changan Ford Automobile Corporation, Ltd (“CAF”) | 50 | % | $ | 1,429 | $ | 990 | ||||||
Jiangling Motors Corporation, Ltd (“JMC”) (a) | 32 | 535 | 419 | |||||||||
FordSollers Netherlands B.V. (“FordSollers”) | 50 | 376 | 407 | |||||||||
Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”) | 41 | 336 | 394 | |||||||||
AutoAlliance (Thailand) Co., Ltd. | 50 | 395 | 391 | |||||||||
Getrag Ford Transmissions GmbH (“GFT”) | 50 | 249 | 242 | |||||||||
Tenedora Nemak, S.A. de C.V. | 6.8 | 79 | 73 | |||||||||
Ford Romania S.A. (“Ford Romania”) (a) | 100 | — | 63 | |||||||||
Changan Ford Mazda Engine Company, Ltd. | 25 | 59 | 50 | |||||||||
DealerDirect LLC | 97.7 | 25 | 25 | |||||||||
OEConnection LLC | 50 | 28 | 20 | |||||||||
Blue Diamond Truck, S. de R.L. de C.V. | 25 | 8 | 11 | |||||||||
Percepta, LLC | 45 | 9 | 9 | |||||||||
Ford Performance Vehicles Pty Ltd. | 49 | — | 5 | |||||||||
Automotive Fuel Cell Cooperation Corporation | 49.9 | 8 | 5 | |||||||||
Blue Diamond Parts, LLC | 25 | 3 | 4 | |||||||||
Other | Various | 7 | 4 | |||||||||
Total Automotive sector | 3,546 | 3,112 | ||||||||||
Financial Services Sector | ||||||||||||
Forso Nordic AB | 50 | 72 | 71 | |||||||||
FFS Finance South Africa (Pty) Limited | 50 | 43 | 39 | |||||||||
RouteOne LLC | 30 | 14 | 20 | |||||||||
CNF-Administradora de Consorcio Nacional Ltda. | 33.3 | 4 | 4 | |||||||||
Total Financial Services sector | 133 | 134 | ||||||||||
Total Company | $ | 3,679 | $ | 3,246 | ||||||||
__________ | ||||||||||||
(a) | See Note 23 for additional information. | |||||||||||
We received $529 million, $610 million, and $316 million of dividends from these affiliated companies for the years ended December 31, 2013, 2012, and 2011, respectively. | ||||||||||||
NOTE 10. EQUITY IN NET ASSETS OF AFFILIATED COMPANIES (Continued) | ||||||||||||
Summarized Financial Results of Unconsolidated Affiliates | ||||||||||||
A summary of 100% of the financial results of our equity method investees in the aggregate is as follows (in millions): | ||||||||||||
Summarized Balance Sheet | December 31, 2013 | December 31, 2012 | ||||||||||
Current assets | $ | 10,424 | $ | 9,561 | ||||||||
Non-current assets | 13,872 | 12,059 | ||||||||||
Total assets | $ | 24,296 | $ | 21,620 | ||||||||
Current liabilities | $ | 11,130 | $ | 10,172 | ||||||||
Non-current liabilities | 4,986 | 4,662 | ||||||||||
Total liabilities | $ | 16,116 | $ | 14,834 | ||||||||
Equity attributable to non-controlling interests | $ | 6 | $ | 24 | ||||||||
For the years ended December 31, | ||||||||||||
Summarized Income Statement | 2013 | 2012 | 2011 | |||||||||
Total revenue | $ | 38,736 | $ | 33,051 | $ | 31,178 | ||||||
Income before income taxes | 2,815 | 1,896 | 1,822 | |||||||||
Net income | 2,587 | 1,616 | 1,512 | |||||||||
Related Party Transactions | ||||||||||||
In the ordinary course of business we buy/sell various products and services including vehicles, parts, and components to/from our equity method investees. In addition, we receive royalty income. | ||||||||||||
Transactions with equity method investees reported on our consolidated income statement and balance sheet were as follows (in millions): | ||||||||||||
For the years ended December 31, | ||||||||||||
Income Statement | 2013 | 2012 | 2011 | |||||||||
Sales | $ | 6,421 | $ | 5,491 | $ | 4,957 | ||||||
Purchases | 10,536 | 10,007 | 9,907 | |||||||||
Royalty income | 526 | 369 | 224 | |||||||||
Balance Sheet | December 31, 2013 | December 31, 2012 | ||||||||||
Receivables | $ | 953 | $ | 1,179 | ||||||||
Payables | 724 | 707 | ||||||||||
Variable_Interest_Entities
Variable Interest Entities | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Variable Interest Entities [Abstract] | ' | |||||||||||||||
VARIABLE INTEREST ENTITIES | ' | |||||||||||||||
VARIABLE INTEREST ENTITIES | ||||||||||||||||
A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support, or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. | ||||||||||||||||
We have the power to direct the activities of an entity when our management has the ability to make key operating decisions, such as decisions regarding capital or product investment or manufacturing production schedules. We have the power to direct the activities of our special purpose entities when we have the ability to exercise discretion in the servicing of financial assets, issue additional debt, exercise a unilateral call option, add assets to revolving structures, or control investment decisions. | ||||||||||||||||
Assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims against our general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on our general assets; rather, they represent claims against the specific assets of the consolidated VIEs. | ||||||||||||||||
Automotive Sector | ||||||||||||||||
VIEs of Which We are Not the Primary Beneficiary | ||||||||||||||||
GFT is a joint venture that constitutes a significant VIE of which we are not the primary beneficiary as we do not have the power to direct its economically-significant activities. As a result, GFT was not consolidated. GFT is a 50/50 joint venture with Getrag International GmbH. Ford and its related parties purchase a majority of the joint venture’s output. | ||||||||||||||||
We also have suppliers and dealers that are VIEs of which we are not the primary beneficiary. Although we have provided financial support, we do not have any key decision making power related to their businesses. | ||||||||||||||||
Our maximum exposure to loss from VIEs of which we are not the primary beneficiary was as follows (in millions): | ||||||||||||||||
December 31, | December 31, | Change in | ||||||||||||||
2013 | 2012 | Maximum | ||||||||||||||
Exposure | ||||||||||||||||
Investments | $ | 264 | $ | 242 | $ | 22 | ||||||||||
Supplier and dealer arrangements | 7 | 5 | 2 | |||||||||||||
Total maximum exposure | $ | 271 | $ | 247 | $ | 24 | ||||||||||
Financial Services Sector | ||||||||||||||||
VIEs of Which We are the Primary Beneficiary | ||||||||||||||||
Our Financial Services sector uses special purpose entities to issue asset-backed securities in transactions to public and private investors, bank conduits, and government-sponsored entities or others who obtain funding from government programs. We have deemed most of these special purpose entities to be VIEs. The asset-backed securities are backed by finance receivables and interests in net investments in operating leases. The assets continue to be consolidated by us. We retain interests in our securitization VIEs, including subordinated securities issued by the VIEs, rights to cash held for the benefit of the securitization investors, and rights to receive the excess cash flows not needed to pay the debt issued by, and other obligations of the securitization entities that are parties to those securitization transactions. | ||||||||||||||||
The transactions create and pass along risks to the variable interest holders, depending on the assets securing the debt and the specific terms of the transactions. We aggregate and analyze the asset-backed securitization transactions based on the risk profile of the product and the type of funding structure, including: | ||||||||||||||||
• | Retail - consumer credit risk and pre-payment risk | |||||||||||||||
• | Wholesale - dealer credit risk | |||||||||||||||
• | Net investments in operating lease - vehicle residual value risk, consumer credit risk, and pre-payment risk | |||||||||||||||
NOTE 11. VARIABLE INTEREST ENTITIES (Continued) | ||||||||||||||||
As a residual interest holder, we are exposed to the underlying residual and credit risk of the collateral, and are exposed to interest rate risk in some transactions. The amount of risk absorbed by our residual interests generally is represented by and limited to the amount of overcollaterization of the assets securing the debt and any cash reserves. | ||||||||||||||||
We have no obligation to repurchase or replace any securitized asset that subsequently becomes delinquent in payment or otherwise is in default, except when representations and warranties about the eligibility of the securitized assets are breached, or when certain changes are made to the underlying asset contracts. Securitization investors have no recourse to us or our other assets and have no right to require us to repurchase the investments. We generally have no obligation to provide liquidity or contribute cash or additional assets to the VIEs and do not guarantee any asset-backed securities. We may be required to support the performance of certain securitization transactions, however, by increasing cash reserves. | ||||||||||||||||
Although not contractually required, we regularly support our wholesale securitization programs by repurchasing receivables of a dealer from a VIE when the dealer’s performance is at risk, which transfers the corresponding risk of loss from the VIE to us. In order to continue to fund the wholesale receivables, we also may contribute additional cash or wholesale receivables if the collateral falls below required levels. The balances of cash related to these contributions were $0 and $0 at December 31, 2013 and 2012, respectively, and ranged from $0 to $177 million during 2013 and $0 to $373 million during 2012. In addition, while not contractually required, we may purchase the commercial paper issued by Ford Credit’s FCAR Owner Trust asset-backed commercial paper program (“FCAR”). | ||||||||||||||||
The following table includes assets to be used to settle the liabilities of the consolidated VIEs. We may retain debt issued by consolidated VIEs and this debt is excluded from the table below. We hold the right to the excess cash flows from the assets that are not needed to pay liabilities of the consolidated VIEs. The assets and debt reflected on our consolidated balance sheet were as follows (in billions): | ||||||||||||||||
December 31, 2013 | ||||||||||||||||
Cash and Cash | Finance | Debt | ||||||||||||||
Equivalents | Receivables, Net | |||||||||||||||
and | ||||||||||||||||
Net Investment in | ||||||||||||||||
Operating Leases | ||||||||||||||||
Finance receivables | ||||||||||||||||
Retail | $ | 1.9 | $ | 22.9 | $ | 20.3 | ||||||||||
Wholesale | 1.9 | 22.9 | 14.8 | |||||||||||||
Total finance receivables | 3.8 | 45.8 | 35.1 | |||||||||||||
Net investment in operating leases | 0.4 | 8.1 | 5.6 | |||||||||||||
Total | $ | 4.2 | $ | 53.9 | $ | 40.7 | ||||||||||
December 31, 2012 | ||||||||||||||||
Cash and Cash | Finance | Debt | ||||||||||||||
Equivalents | Receivables, Net | |||||||||||||||
and | ||||||||||||||||
Net Investment in | ||||||||||||||||
Operating Leases | ||||||||||||||||
Finance receivables | ||||||||||||||||
Retail | $ | 2.2 | $ | 27 | $ | 23.2 | ||||||||||
Wholesale | 0.3 | 20.5 | 12.8 | |||||||||||||
Total finance receivables | 2.5 | 47.5 | 36 | |||||||||||||
Net investment in operating leases | 0.4 | 6.3 | 4.2 | |||||||||||||
Total (a) | $ | 2.9 | $ | 53.8 | $ | 40.2 | ||||||||||
__________ | ||||||||||||||||
(a) | Certain notes issued by the VIEs to affiliated companies served as collateral for accessing the European Central Bank ("ECB") open market operations program. This external funding of $145 million at December 31, 2012 was not reflected as debt of the VIEs and is excluded from the table above, but was included in our consolidated debt. The finance receivables backing this external funding are included in the table above. | |||||||||||||||
NOTE 11. VARIABLE INTEREST ENTITIES (Continued) | ||||||||||||||||
Interest expense on securitization debt related to consolidated VIEs was $563 million, $760 million, and $994 million in 2013, 2012, and 2011, respectively. | ||||||||||||||||
VIEs that are exposed to interest rate or currency risk have reduced their risks by entering into derivative transactions. In certain instances, we have entered into offsetting derivative transactions with the VIE to protect the VIE from the risks that are not mitigated through the derivative transactions between the VIE and its external counterparty. In other instances, we have entered into derivative transactions with the counterparty to protect the counterparty from risks absorbed through derivative transactions with the VIEs. See Note 16 for additional information regarding the accounting for derivatives. | ||||||||||||||||
Our exposures based on the fair value of derivative instruments with external counterparties related to consolidated VIEs that support our securitization transactions were as follows (in millions): | ||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||
Derivative | Derivative | Derivative | Derivative | |||||||||||||
Asset | Liability | Asset | Liability | |||||||||||||
Derivatives of the VIEs | $ | 5 | $ | 88 | $ | 4 | $ | 134 | ||||||||
Derivatives related to the VIEs | 23 | 30 | 74 | 63 | ||||||||||||
Total exposures related to the VIEs | $ | 28 | $ | 118 | $ | 78 | $ | 197 | ||||||||
Derivative expense/(income) related to consolidated VIEs that support Ford Credit’s securitization programs for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
VIEs | $ | 3 | $ | 227 | $ | 31 | ||||||||||
Related to the VIEs | 16 | (5 | ) | 11 | ||||||||||||
Total derivative expense/(income) related to the VIEs | $ | 19 | $ | 222 | $ | 42 | ||||||||||
VIEs of Which We are Not the Primary Beneficiary | ||||||||||||||||
We have an investment in Forso Nordic AB, a joint venture determined to be a VIE of which we are not the primary beneficiary. The joint venture provides retail and dealer financing in its local markets and is financed by external debt and additional subordinated debt provided by the joint venture partner. The operating agreement indicates that the power to direct economically significant activities is shared with the joint venture partner, and the obligation to absorb losses or right to receive benefits resides primarily with the joint venture partner. Our investment in the joint venture is accounted for as an equity method investment and is included in Equity in net assets of affiliated companies. Our maximum exposure to any potential losses associated with this VIE is limited to our equity investment, and amounted to $72 million and $71 million at December 31, 2013 and 2012, respectively. |
Net_Property_and_Lease_Commitm
Net Property and Lease Commitments | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||||||||||||||||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||||||||||||||||||||||||||
NET PROPERTY AND LEASE COMMITMENTS | ||||||||||||||||||||||||||||
Net Property | ||||||||||||||||||||||||||||
Net property includes land, buildings and land improvements, machinery and equipment, tooling, and other assets that we use in our normal operations. These assets are recorded at cost, net of accumulated depreciation and impairments. We capitalize new assets when we expect to use the asset for more than one year. Routine maintenance and repair costs are expensed when incurred. | ||||||||||||||||||||||||||||
Property and equipment are depreciated primarily using the straight-line method over the estimated useful life of the asset. Useful lives range from 3 years to 36 years. The estimated useful lives generally are 14.5 years for machinery and equipment, 3 years for software (8 years for mainframe and client based software), 30 years for land improvements, and 36 years for buildings. Tooling generally is amortized over the expected life of a product program using a straight-line method. If the expected production volumes for major product programs associated with tooling decline significantly, we accelerate the amortization reflecting the rate of decline. | ||||||||||||||||||||||||||||
Net property was as follows (in millions): | ||||||||||||||||||||||||||||
Automotive Sector | December 31, | December 31, | ||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
Land | $ | 440 | $ | 423 | ||||||||||||||||||||||||
Buildings and land improvements | 10,325 | 10,249 | ||||||||||||||||||||||||||
Machinery, equipment and other | 34,830 | 35,040 | ||||||||||||||||||||||||||
Software | 2,069 | 1,813 | ||||||||||||||||||||||||||
Construction in progress | 2,110 | 1,783 | ||||||||||||||||||||||||||
Total land, plant and equipment and other | 49,774 | 49,308 | ||||||||||||||||||||||||||
Accumulated depreciation | (31,476 | ) | (32,835 | ) | ||||||||||||||||||||||||
Net land, plant and equipment and other | 18,298 | 16,473 | ||||||||||||||||||||||||||
Tooling, net of amortization | 9,194 | 8,340 | ||||||||||||||||||||||||||
Total Automotive sector | 27,492 | 24,813 | ||||||||||||||||||||||||||
Financial Services sector (a) | 124 | 129 | ||||||||||||||||||||||||||
Total Company | $ | 27,616 | $ | 24,942 | ||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Included in Financial Services other assets on our sector balance sheet. | |||||||||||||||||||||||||||
Automotive sector property-related expenses for the years ended December 31 were as follows (in millions): | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Depreciation and other amortization | $ | 2,110 | $ | 1,794 | $ | 1,759 | ||||||||||||||||||||||
Tooling amortization | 1,954 | 1,861 | 1,774 | |||||||||||||||||||||||||
Total | $ | 4,064 | $ | 3,655 | $ | 3,533 | ||||||||||||||||||||||
Maintenance and rearrangement | $ | 1,422 | $ | 1,352 | $ | 1,431 | ||||||||||||||||||||||
Conditional Asset Retirement Obligations | ||||||||||||||||||||||||||||
We accrue for costs related to legal obligations to perform certain activities in connection with the retirement, abandonment, or disposal of our assets for which the fair value can be reasonably estimated. These conditional asset retirement obligations relate to the estimated costs for asbestos abatement and the removal of other regulated building materials. | ||||||||||||||||||||||||||||
NOTE 12. NET PROPERTY AND LEASE COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
The liability for our conditional asset retirement obligations which are recorded in Other liabilities and deferred revenue was as follows (in millions): | ||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
Beginning balance | $ | 267 | $ | 266 | ||||||||||||||||||||||||
Liabilities settled | (5 | ) | (8 | ) | ||||||||||||||||||||||||
Revisions to estimates | (16 | ) | 9 | |||||||||||||||||||||||||
Ending balance | $ | 246 | $ | 267 | ||||||||||||||||||||||||
Lease Commitments | ||||||||||||||||||||||||||||
We lease land, buildings, and equipment under agreements that expire over various contractual periods. Minimum non-cancellable operating lease commitments at December 31, 2013 were as follows (in millions): | ||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total | ||||||||||||||||||||||
Automotive sector | $ | 199 | $ | 168 | $ | 128 | $ | 95 | $ | 58 | $ | 134 | $ | 782 | ||||||||||||||
Financial Services sector | 47 | 43 | 38 | 28 | 17 | 18 | 191 | |||||||||||||||||||||
Total Company | $ | 246 | $ | 211 | $ | 166 | $ | 123 | $ | 75 | $ | 152 | $ | 973 | ||||||||||||||
Operating lease expense for the years ended December 31 was as follows (in millions): | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Automotive sector | $ | 411 | $ | 404 | $ | 416 | ||||||||||||||||||||||
Financial Services sector | 105 | 106 | 124 | |||||||||||||||||||||||||
Total Company | $ | 516 | $ | 510 | $ | 540 | ||||||||||||||||||||||
Other_Liabilities_and_Deferred
Other Liabilities and Deferred Revenue | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
ACCRUED LIABILITIES AND DEFERRED REVENUE [Abstract] | ' | |||||||
Accrued Liabilities and Deferred Revenue Disclosure [Text Block] | ' | |||||||
LIABILITIES AND DEFERRED REVENUE | ||||||||
Other liabilities and deferred revenue were as follows (in millions): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Automotive Sector | ||||||||
Current | ||||||||
Dealer and dealers’ customer allowances and claims | $ | 7,730 | $ | 6,779 | ||||
Deferred revenue | 2,817 | 2,796 | ||||||
Employee benefit plans | 1,706 | 1,504 | ||||||
Accrued interest | 262 | 277 | ||||||
Other postretirement employee benefits (“OPEB”) | 387 | 409 | ||||||
Pension | 327 | 387 | ||||||
Other | 3,308 | 3,206 | ||||||
Total Automotive other liabilities and deferred revenue | 16,537 | 15,358 | ||||||
Non-current | ||||||||
Pension | 9,288 | 18,400 | ||||||
OPEB | 5,502 | 6,398 | ||||||
Dealer and dealers’ customer allowances and claims | 2,028 | 2,036 | ||||||
Deferred revenue | 2,534 | 2,044 | ||||||
Employee benefit plans | 789 | 767 | ||||||
Other | 1,524 | 904 | ||||||
Total Automotive other liabilities and deferred revenue | 21,665 | 30,549 | ||||||
Total Automotive sector | 38,202 | 45,907 | ||||||
Financial Services Sector | 2,260 | 2,352 | ||||||
Total Company | $ | 40,462 | $ | 48,259 | ||||
Retirement_Benefits
Retirement Benefits | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||||||
RETIREMENT BENEFITS | ' | |||||||||||||||||||||||||||||||||||
RETIREMENT BENEFITS | ||||||||||||||||||||||||||||||||||||
We, and certain of our subsidiaries, provide retirement benefits including the following: | ||||||||||||||||||||||||||||||||||||
Defined Benefit Pension Plans. We have defined benefit pension plans in the United States, Canada, United Kingdom, Germany and other locations covering hourly and salaried employees. The largest portion of our worldwide obligation is associated with our U.S. plans. The vast majority of our worldwide defined benefit plans are closed to new participants. | ||||||||||||||||||||||||||||||||||||
In general, our defined benefit pension plans are funded (i.e., have restricted assets from which benefits are paid). Our unfunded defined benefit pension plans are treated on a “pay as you go” basis with benefit payments from general Company cash. These unfunded plans primarily include certain plans in Germany and U.S. defined benefit plans for senior management. | ||||||||||||||||||||||||||||||||||||
OPEB. We have defined benefit OPEB plans, primarily certain health care and life insurance benefits, in the United States, Canada, and other locations covering hourly and salaried employees. The largest portion of our worldwide obligation is associated with our U.S. plans. Our OPEB plans are unfunded and the benefits are paid from general Company cash. | ||||||||||||||||||||||||||||||||||||
Defined Contribution and Savings Plans. We have also established defined contribution and savings plans in the United States and other locations for hourly and salaried employees. Contributions to these plans, if any, are made from general Company cash and are expensed as incurred. The expense for our worldwide defined contribution and savings plans was $238 million, $181 million, and $135 million for the years ended December 31, 2013, 2012, and 2011, respectively. This includes the expense for Company-matching contributions to our primary employee savings plan in the United States of $99 million, $70 million, and $54 million for the years ended December 31, 2013, 2012, and 2011, respectively. | ||||||||||||||||||||||||||||||||||||
Defined benefit pension and OPEB plan obligations are measured based on the present value of projected future benefit payments for all participants for services rendered to date. The measurement of projected future benefits is dependent on the provisions of each specific plan, demographics of the group covered by the plan, and other key measurement assumptions. For plans that provide benefits dependent on salary assumptions, we include a projection of salary growth in our measurements. No assumption is made regarding any potential changes to benefit provisions beyond those to which we are presently committed (e.g., in existing labor contracts). | ||||||||||||||||||||||||||||||||||||
The net periodic benefit costs associated with the Company's defined benefit pension and OPEB plans are determined using assumptions regarding the benefit obligation and the market-related value of plan assets (where applicable) as of the beginning of each year. We have elected to use a market-related value of plan assets to calculate the expected return on assets in net periodic benefit costs. The market-related value recognizes changes in the fair value of plan assets in a systematic manner over five years. Net periodic benefit costs are recorded in Automotive cost of sales and Selling, administrative, and other expenses. The funded status of the benefit plans, which represents the difference between the benefit obligation and fair value of plan assets, is calculated on a plan-by-plan basis. The benefit obligation and related funded status are determined using assumptions as of the end of each year. The impact of plan amendments and actuarial gains and losses are recorded in Accumulated other comprehensive income/(loss), and generally are amortized as a component of net periodic cost over the remaining service period of our active employees. Unamortized gains and losses are amortized only to the extent they exceed 10% of the higher of the market-related value of assets or the benefit obligation of the respective plan (i.e., outside of corridor). | ||||||||||||||||||||||||||||||||||||
Curtailment gains or losses are recorded when an event occurs that significantly reduces the expected years of future service or eliminates the accrual of defined benefits for the future services of a significant number of employees. We record a curtailment gain when the employees who are entitled to the benefits terminate their employment; we record a curtailment loss when it becomes probable a loss will occur. Upon a settlement, we recognize the proportionate amount of the unamortized gains and losses if the cost of all settlements during the year exceeds the interest component of net periodic cost for the affected plan. Expense from curtailments and settlements is recorded in Automotive cost of sales and Selling, administrative, and other expenses. | ||||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
Defined Benefit Plans – Expense and Status | ||||||||||||||||||||||||||||||||||||
The following table summarizes the assumptions used to determine expense and benefit obligation: | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | U.S. OPEB | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||
Weighted Average Assumptions at December 31 | ||||||||||||||||||||||||||||||||||||
Discount rate | 4.74 | % | 3.84 | % | 4.07 | % | 3.92 | % | 4.65 | % | 3.8 | % | ||||||||||||||||||||||||
Expected long-term rate of return on assets | 6.89 | 7.38 | 6.63 | 6.74 | — | — | ||||||||||||||||||||||||||||||
Average rate of increase in compensation | 3.8 | 3.8 | 3.41 | 3.41 | 3.8 | 3.8 | ||||||||||||||||||||||||||||||
Assumptions Used to Determine Net Benefit Cost for the Year Ended December 31 | ||||||||||||||||||||||||||||||||||||
Discount rate | 3.84 | % | 4.64 | % | 3.92 | % | 4.84 | % | 3.8 | % | 4.6 | % | ||||||||||||||||||||||||
Expected long-term rate of return on assets | 7.38 | 7.5 | 6.74 | 6.77 | — | — | ||||||||||||||||||||||||||||||
Average rate of increase in compensation | 3.8 | 3.8 | 3.41 | 3.39 | 3.8 | 3.8 | ||||||||||||||||||||||||||||||
The measurement date for all of our worldwide postretirement benefit plans is December 31. The pre-tax expense for our defined benefit pension and OPEB plans for the years ended December 31 was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | Worldwide OPEB | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||
Service cost | $ | 581 | $ | 521 | $ | 467 | $ | 484 | $ | 372 | $ | 327 | $ | 64 | $ | 67 | $ | 63 | ||||||||||||||||||
Interest cost | 1,914 | 2,208 | 2,374 | 1,137 | 1,189 | 1,227 | 256 | 290 | 327 | |||||||||||||||||||||||||||
Expected return on assets | (2,816 | ) | (2,873 | ) | (3,028 | ) | (1,382 | ) | (1,340 | ) | (1,404 | ) | — | — | — | |||||||||||||||||||||
Amortization of: | ||||||||||||||||||||||||||||||||||||
Prior service costs/(credits) | 174 | 220 | 343 | 66 | 72 | 72 | (283 | ) | (545 | ) | (612 | ) | ||||||||||||||||||||||||
(Gains)/Losses | 655 | 425 | 194 | 686 | 412 | 301 | 158 | 129 | 94 | |||||||||||||||||||||||||||
Separation programs/other | 10 | 7 | 1 | 242 | 162 | 170 | — | 2 | 10 | |||||||||||||||||||||||||||
(Gains)/Losses from curtailments and settlements | 594 | 250 | — | 5 | — | 111 | (2 | ) | (11 | ) | (26 | ) | ||||||||||||||||||||||||
Net expense/(income) | $ | 1,112 | $ | 758 | $ | 351 | $ | 1,238 | $ | 867 | $ | 804 | $ | 193 | $ | (68 | ) | $ | (144 | ) | ||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
The year-end status of these plans was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | Worldwide OPEB | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||
Change in Benefit Obligation | ||||||||||||||||||||||||||||||||||||
Benefit obligation at January 1 | $ | 52,125 | $ | 48,816 | $ | 30,702 | $ | 25,163 | $ | 6,810 | $ | 6,593 | ||||||||||||||||||||||||
Service cost | 581 | 521 | 484 | 372 | 64 | 67 | ||||||||||||||||||||||||||||||
Interest cost | 1,914 | 2,208 | 1,137 | 1,189 | 256 | 290 | ||||||||||||||||||||||||||||||
Amendments | — | (39 | ) | (1 | ) | 222 | — | (156 | ) | |||||||||||||||||||||||||||
Separation programs and other | (75 | ) | (40 | ) | 141 | 202 | (11 | ) | 3 | |||||||||||||||||||||||||||
Curtailments | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Settlements | (3,089 | ) | (1,123 | ) | (51 | ) | — | — | — | |||||||||||||||||||||||||||
Plan participant contributions | 26 | 27 | 25 | 36 | 27 | 29 | ||||||||||||||||||||||||||||||
Benefits paid | (3,120 | ) | (3,427 | ) | (1,416 | ) | (1,420 | ) | (421 | ) | (454 | ) | ||||||||||||||||||||||||
Foreign exchange translation | — | — | 229 | 803 | (131 | ) | 47 | |||||||||||||||||||||||||||||
Divestiture | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Actuarial (gain)/loss | (5,180 | ) | 5,182 | (399 | ) | 4,135 | (705 | ) | 391 | |||||||||||||||||||||||||||
Benefit obligation at December 31 | 43,182 | 52,125 | 30,851 | 30,702 | 5,889 | 6,810 | ||||||||||||||||||||||||||||||
Change in Plan Assets | ||||||||||||||||||||||||||||||||||||
Fair value of plan assets at January 1 | 42,395 | 39,414 | 21,713 | 19,198 | — | — | ||||||||||||||||||||||||||||||
Actual return on plan assets | 1,539 | 5,455 | 1,689 | 1,637 | — | — | ||||||||||||||||||||||||||||||
Company contributions | 3,535 | 2,134 | 1,852 | 1,629 | — | — | ||||||||||||||||||||||||||||||
Plan participant contributions | 26 | 27 | 25 | 36 | — | — | ||||||||||||||||||||||||||||||
Benefits paid | (3,120 | ) | (3,427 | ) | (1,416 | ) | (1,420 | ) | — | — | ||||||||||||||||||||||||||
Settlements | (3,089 | ) | (1,123 | ) | (51 | ) | — | — | — | |||||||||||||||||||||||||||
Foreign exchange translation | — | — | 49 | 641 | — | — | ||||||||||||||||||||||||||||||
Divestiture | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other | (69 | ) | (85 | ) | (18 | ) | (8 | ) | — | — | ||||||||||||||||||||||||||
Fair value of plan assets at December 31 | 41,217 | 42,395 | 23,843 | 21,713 | — | — | ||||||||||||||||||||||||||||||
Funded status at December 31 | $ | (1,965 | ) | $ | (9,730 | ) | $ | (7,008 | ) | $ | (8,989 | ) | $ | (5,889 | ) | $ | (6,810 | ) | ||||||||||||||||||
Amounts Recognized on the Balance Sheet | ||||||||||||||||||||||||||||||||||||
Prepaid assets | $ | 443 | $ | — | $ | 219 | $ | 85 | $ | — | $ | — | ||||||||||||||||||||||||
Other liabilities | (2,408 | ) | (9,730 | ) | (7,227 | ) | (9,074 | ) | (5,889 | ) | (6,810 | ) | ||||||||||||||||||||||||
Total | $ | (1,965 | ) | $ | (9,730 | ) | $ | (7,008 | ) | $ | (8,989 | ) | $ | (5,889 | ) | $ | (6,810 | ) | ||||||||||||||||||
Amounts Recognized in Accumulated Other Comprehensive Loss (pre-tax) | ||||||||||||||||||||||||||||||||||||
Unamortized prior service costs/(credits) | $ | 764 | $ | 938 | $ | 417 | $ | 487 | $ | (959 | ) | $ | (1,263 | ) | ||||||||||||||||||||||
Unamortized net (gains)/losses | 6,179 | 11,349 | 9,902 | 11,375 | 1,701 | 2,594 | ||||||||||||||||||||||||||||||
Total | $ | 6,943 | $ | 12,287 | $ | 10,319 | $ | 11,862 | $ | 742 | $ | 1,331 | ||||||||||||||||||||||||
Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31 | ||||||||||||||||||||||||||||||||||||
Accumulated benefit obligation | $ | 25,828 | $ | 50,821 | $ | 15,393 | $ | 21,653 | ||||||||||||||||||||||||||||
Fair value of plan assets | 23,498 | 42,395 | 9,518 | 14,625 | ||||||||||||||||||||||||||||||||
Accumulated Benefit Obligation at December 31 | $ | 42,078 | $ | 50,821 | $ | 28,312 | $ | 28,136 | ||||||||||||||||||||||||||||
Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31 | ||||||||||||||||||||||||||||||||||||
Projected benefit obligation | $ | 25,906 | $ | 52,125 | $ | 23,653 | $ | 29,984 | ||||||||||||||||||||||||||||
Fair value of plan assets | 23,498 | 42,395 | 16,426 | 20,910 | ||||||||||||||||||||||||||||||||
Projected Benefit Obligation at December 31 | $ | 43,182 | $ | 52,125 | $ | 30,851 | $ | 30,702 | ||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
Pension Plan Contributions | ||||||||||||||||||||||||||||||||||||
Our policy for funded pension plans is to contribute annually, at a minimum, amounts required by applicable laws and regulations. We may make contributions beyond those legally required. | ||||||||||||||||||||||||||||||||||||
In 2013, we contributed $5 billion to our worldwide funded pension plans (including $3.4 billion in discretionary contributions to our U.S. plans) and made $400 million of benefit payments to participants in unfunded plans. During 2014, we expect to contribute about $1.5 billion from Automotive cash and cash equivalents to our worldwide funded plans (most of which are mandatory contributions) and to make $400 million of benefit payments to participants in unfunded plans, for a total of about $1.9 billion. Based on current assumptions and regulations, we do not expect to have a legal requirement to fund our major U.S. pension plans in 2014. | ||||||||||||||||||||||||||||||||||||
Curtailments and Settlements | ||||||||||||||||||||||||||||||||||||
In April 2012, we announced a program to offer voluntary lump-sum pension payout options to eligible salaried U.S. retirees and former salaried employees that, if accepted, would settle our obligation to them. The program provided participants with a one-time choice of electing to receive a lump-sum settlement of their remaining pension benefit. As part of this voluntary lump-sum program, the Company settled $4.2 billion of its pension obligations for U.S. salaried retirees ($1.2 billion in 2012 and $3 billion in 2013) with an equal amount paid from plan assets. As a result, we recorded settlement losses of $844 million ($250 million in 2012 and $594 million in 2013) reflecting the accelerated recognition of unamortized losses in the salaried plan proportionate to the obligation that was settled. These settlement charges were recorded in Automotive cost of sales and Selling, administrative, and other expenses with a corresponding balance sheet reduction in Accumulated other comprehensive income/(loss). | ||||||||||||||||||||||||||||||||||||
In 2011, we recognized a settlement loss of $109 million associated with the partial settlement of a Belgium pension plan. | ||||||||||||||||||||||||||||||||||||
Business Restructurings | ||||||||||||||||||||||||||||||||||||
In October 2012, we announced a plan to restructure our European manufacturing operations as discussed in Note 21. In 2013, we recognized pension-related employee separation costs of $180 million which are recorded in Automotive cost of sales and Selling, administrative, and other expenses. | ||||||||||||||||||||||||||||||||||||
Estimated Future Benefit Payments and Amortization | ||||||||||||||||||||||||||||||||||||
The following table presents estimated future gross benefit payments (in millions): | ||||||||||||||||||||||||||||||||||||
Gross Benefit Payments | ||||||||||||||||||||||||||||||||||||
Pension | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. | Worldwide | ||||||||||||||||||||||||||||||||||
Plans | OPEB | |||||||||||||||||||||||||||||||||||
2014 | $ | 3,190 | $ | 1,380 | $ | 420 | ||||||||||||||||||||||||||||||
2015 | 3,150 | 1,380 | 380 | |||||||||||||||||||||||||||||||||
2016 | 3,110 | 1,390 | 380 | |||||||||||||||||||||||||||||||||
2017 | 3,060 | 1,430 | 370 | |||||||||||||||||||||||||||||||||
2018 | 3,030 | 1,450 | 370 | |||||||||||||||||||||||||||||||||
2019 - 2023 | 14,810 | 7,820 | 1,850 | |||||||||||||||||||||||||||||||||
The amounts in Accumulated other comprehensive income/(loss) that are expected to be recognized as components of net expense/(income) during 2014 are as follows (in millions): | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. | Worldwide | Total | |||||||||||||||||||||||||||||||||
Plans | OPEB | |||||||||||||||||||||||||||||||||||
Prior service cost/(credit) | $ | 155 | $ | 56 | $ | (231 | ) | $ | (20 | ) | ||||||||||||||||||||||||||
(Gains)/Losses | 207 | 598 | 98 | 903 | ||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
Pension Plan Asset Information | ||||||||||||||||||||||||||||||||||||
Investment Objective and Strategies. Our investment objectives for the U.S. plans are to minimize the volatility of the value of our U.S. pension assets relative to U.S. pension liabilities and to ensure assets are sufficient to pay plan benefits. As disclosed previously, in 2012 we adopted a broad global pension de-risking strategy, including a U.S. investment strategy that increases the matching characteristics of our assets relative to our liabilities. Our U.S. target asset allocations, which we expect to reach over the next few years as the plans achieve full funding, are 80% fixed income and 20% growth assets (primarily alternative investments, which include hedge funds, real estate, private equity, and public equity). Our largest non-U.S. plans (Ford U.K. and Ford Canada) have similar investment objectives to the U.S. plans. We expect to reach similar target asset allocations for these plans as they achieve full funding over the next few years, subject to legal requirements in each country. | ||||||||||||||||||||||||||||||||||||
Investment strategies and policies for the U.S. plans and the largest non-U.S. plans reflect a balance of risk-reducing and return-seeking considerations. The objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset - liability matching, asset diversification, and hedging. The fixed income target asset allocation matches the bond-like and long-dated nature of the pension liabilities. Assets are broadly diversified within asset classes to achieve risk-adjusted returns that in total lower asset volatility relative to the liabilities. Our rebalancing policies ensure actual allocations are in line with target allocations as appropriate. Strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes, and strategies within asset classes that provide adequate returns, diversification, and liquidity. | ||||||||||||||||||||||||||||||||||||
All assets are externally managed and most assets are actively managed. Managers are not permitted to invest outside of the asset class (e.g., fixed income, public equity, alternatives) or strategy for which they have been appointed. We use investment guidelines and recurring audits as tools to ensure investment managers invest solely within the investment strategy they have been provided. | ||||||||||||||||||||||||||||||||||||
Derivatives are permitted for fixed income investment and public equity managers to use as efficient substitutes for traditional securities and to manage exposure to interest rate and foreign exchange risks. Interest rate and foreign currency derivative instruments are used for the purpose of hedging changes in the fair value of assets that result from interest rate changes and currency fluctuations. Interest rate derivatives also are used to adjust portfolio duration. Derivatives may not be used to leverage or to alter the economic exposure to an asset class outside the scope of the mandate an investment manager has been given. Alternative investment managers are permitted to employ leverage (including through the use of derivatives or other tools) that may alter economic exposure. | ||||||||||||||||||||||||||||||||||||
Significant Concentrations of Risk. Significant concentrations of risk in our plan assets relate to interest rate, equity, and operating risk. In order to minimize asset volatility relative to the liabilities, a portion of plan assets is allocated to fixed income investments that are exposed to interest rate risk. Rate increases generally will result in a decline in fixed income assets while reducing the present value of the liabilities. Conversely, rate decreases will increase fixed income assets, partially offsetting the related increase in the liabilities. | ||||||||||||||||||||||||||||||||||||
In order to ensure assets are sufficient to pay benefits, a portion of plan assets is allocated to growth assets that are expected over time to earn higher returns with more volatility than fixed income investments which more closely match pension liabilities. Within equities, risk is mitigated by constructing a portfolio that is broadly diversified by geography, market capitalization, manager mandate size, investment style, and process. Within alternative investments, risk is similarly mitigated by constructing a portfolio that is broadly diversified by asset class, investment strategy, manager, style, and process. | ||||||||||||||||||||||||||||||||||||
Operating risks include the risks of inadequate diversification and weak controls. To mitigate these risks, investments are diversified across and within asset classes in support of investment objectives. Policies and practices to address operating risks include ongoing manager oversight (e.g., style adherence, team strength, firm health, and internal risk controls), plan and asset class investment guidelines and instructions that are communicated to managers, and periodic compliance and audit reviews to ensure adherence. | ||||||||||||||||||||||||||||||||||||
At year-end 2013, Ford securities comprised less than 1% of our plan assets. | ||||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
Expected Long-Term Rate of Return on Assets. The long-term return assumption at year-end 2013 is 6.89% for the U.S. plans, 7.25% for the U.K. plans, and 6.31% for the Canadian plans, and averages 6.63% for all non-U.S. plans. A generally consistent approach is used worldwide to develop this assumption. This approach considers various sources, primarily inputs from a range of advisors for long-term capital market returns, inflation, bond yields, and other variables, adjusted for specific aspects of our investment strategy by plan. Historical returns also are considered where appropriate. | ||||||||||||||||||||||||||||||||||||
At December 31, 2013, our actual 10-year annual rate of return on pension plan assets was 9% for the U.S. plans, 7.7% for the U.K. plans, and 5.8% for the Canadian plans. At December 31, 2012, our actual 10-year annual rate of return on pension plan assets was 11.1% for the U.S. plans, 8.7% for the U.K. plans, and 6.4% for the Canadian plans. | ||||||||||||||||||||||||||||||||||||
Fair Value of Plan Assets. Pension assets are recorded at fair value, and include primarily fixed income and equity securities, derivatives, and alternative investments, which include hedge funds, private equity, and real estate. Fixed income and equity securities may each be combined into commingled fund investments. Commingled funds are valued to reflect the pension fund’s interest in the fund based on the reported year-end net asset value (“NAV”). Alternative investments are valued based on year-end reported NAV, with adjustments as appropriate for lagged reporting of 1 month to 6 months. | ||||||||||||||||||||||||||||||||||||
Fixed Income - Government and Agency Debt Securities and Corporate Debt Securities. U.S. government and government agency obligations, non-U.S. government and government agency obligations, municipal securities, supranational obligations, corporate bonds, bank notes, floating rate notes, and preferred securities are valued based on quotes received from independent pricing services or from dealers who make markets in such securities. Pricing services utilize matrix pricing, which considers readily available inputs such as the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as dealer-supplied prices, and generally are categorized as Level 2 inputs in the fair value hierarchy. Securities categorized as Level 3 typically are priced by dealers and pricing services that use proprietary pricing models which incorporate unobservable inputs. These inputs primarily consist of yield and credit spread assumptions. | ||||||||||||||||||||||||||||||||||||
Fixed Income - Agency and Non-Agency Mortgage and Other Asset-Backed Securities. U.S. and non-U.S. government agency mortgage and asset-backed securities, non-agency collateralized mortgage obligations, commercial mortgage securities, residential mortgage securities, and other asset-backed securities are valued based on quotes received from independent pricing services or from dealers who make markets in such securities. Pricing services utilize matrix pricing, which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type, as well as dealer-supplied prices, and generally are categorized as Level 2 inputs in the fair value hierarchy. Securities categorized as Level 3 typically are priced by dealers and pricing services that use proprietary pricing models which incorporate unobservable inputs. These inputs primarily consist of prepayment curves, discount rates, default assumptions, and recovery rates. | ||||||||||||||||||||||||||||||||||||
Equities. Equity securities are valued based on quoted prices and are primarily exchange-traded. Securities for which official close or last trade pricing on an active exchange is available are classified as Level 1 in the fair value hierarchy. If closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and typically are categorized as Level 2. Level 3 securities often are thinly traded or delisted, with unobservable pricing data. | ||||||||||||||||||||||||||||||||||||
Derivatives. Exchange-traded derivatives for which market quotations are readily available are valued at the last reported sale price or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded and are categorized as Level 1. Over-the-counter derivatives typically are valued by independent pricing services and categorized as Level 2. Level 3 derivatives typically are priced by dealers and pricing services that use proprietary pricing models which incorporate unobservable inputs, including extrapolated or model-derived assumptions such as volatilities and yield and credit spread assumptions. | ||||||||||||||||||||||||||||||||||||
Alternative Assets. Hedge funds generally hold liquid and readily-priced securities, such as public equities, exchange-traded derivatives, and corporate bonds. Since hedge funds do not have readily-available market quotations, they are valued using the NAV provided by the investment sponsor or third party administrator. Hedge fund assets typically are categorized as Level 3 in the fair value hierarchy due to the inherent restrictions on redemptions that may affect our ability to sell the investment at its NAV in the near term. Valuations may be lagged 1 month to 3 months. For 2013 and 2012, we made adjustments of $(10) million and $33 million, respectively, to adjust for hedge fund-lagged valuations. | ||||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
Private equity and real estate investments are less liquid. External investment managers typically report valuations reflecting initial cost or updated appraisals, which are adjusted for cash flows, and realized and unrealized gains/losses. Private equity and real estate funds do not have readily available market quotations, and therefore are valued using the NAV provided by the investment sponsor or third party administrator. These assets typically are categorized as Level 3 in the fair value hierarchy, due to the inherent restrictions on redemptions that may affect our ability to sell the investment at its NAV in the near term. Valuations may be lagged 1 month - 6 months. The NAV will be adjusted for cash flows (additional investments or contributions, and distributions) through year-end. We may make further adjustments for any known substantive valuation changes not reflected in the NAV. For 2013 and 2012, we made adjustments of $123 million and $56 million, respectively, to adjust for private equity-lagged valuations. For 2013 and 2012, we made adjustments of $0 and $24 million, respectively, to adjust for real estate-lagged valuations. | ||||||||||||||||||||||||||||||||||||
The Ford-Werke GmbH (“Ford-Werke”) funded defined benefit plan is funded through a group insurance contract and exists in a pooled structure with other policy holders. The contract value represents the value of the underlying assets held by the insurance company (primarily bonds) at the guaranteed rate of return. The adjustment to fair value to recognize contractual returns is a significant unobservable input; therefore the contract is Level 3. | ||||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
The fair value of our pension benefits plan assets (including dividends and interest receivables of $349 million and $99 million for U.S. and non-U.S. plans, respectively) by asset category was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | |||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 3,724 | $ | 22 | $ | 3 | $ | 3,749 | $ | 2,711 | $ | 229 | $ | — | $ | 2,940 | ||||||||||||||||||||
International companies | 2,288 | 76 | 1 | 2,365 | 2,983 | 214 | 2 | 3,199 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total equity | 6,012 | 98 | 4 | 6,114 | 5,694 | 443 | 2 | 6,139 | ||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | 3,610 | — | — | 3,610 | 30 | — | — | 30 | ||||||||||||||||||||||||||||
U.S. government-sponsored enterprises (b) | — | 4,127 | — | 4,127 | — | 11 | — | 11 | ||||||||||||||||||||||||||||
Non-U.S. government | — | 2,115 | — | 2,115 | — | 6,880 | 67 | 6,947 | ||||||||||||||||||||||||||||
Corporate bonds (c) | ||||||||||||||||||||||||||||||||||||
Investment grade | — | 15,058 | — | 15,058 | — | 1,229 | 55 | 1,284 | ||||||||||||||||||||||||||||
High yield | — | 1,254 | — | 1,254 | — | 337 | 21 | 358 | ||||||||||||||||||||||||||||
Other credit | — | 48 | — | 48 | — | 37 | 13 | 50 | ||||||||||||||||||||||||||||
Mortgage/other asset-backed | — | 1,287 | 33 | 1,320 | — | 238 | 14 | 252 | ||||||||||||||||||||||||||||
Commingled funds | — | 304 | — | 304 | — | 471 | — | 471 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | (23 | ) | 41 | — | 18 | — | (5 | ) | — | (5 | ) | |||||||||||||||||||||||||
Total fixed income | 3,587 | 24,234 | 33 | 27,854 | 30 | 9,198 | 170 | 9,398 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds (d) | — | — | 2,778 | 2,778 | — | — | 1,657 | 1,657 | ||||||||||||||||||||||||||||
Private equity (e) | — | — | 2,626 | 2,626 | — | — | 352 | 352 | ||||||||||||||||||||||||||||
Real estate (f) | — | — | 610 | 610 | — | — | 601 | 601 | ||||||||||||||||||||||||||||
Total alternatives | — | — | 6,014 | 6,014 | — | — | 2,610 | 2,610 | ||||||||||||||||||||||||||||
Cash and cash equivalents (g) | — | 1,477 | — | 1,477 | — | 950 | — | 950 | ||||||||||||||||||||||||||||
Other (h) | (273 | ) | 30 | 1 | (242 | ) | (465 | ) | 13 | 5,198 | 4,746 | |||||||||||||||||||||||||
Total assets at fair value | $ | 9,326 | $ | 25,839 | $ | 6,052 | $ | 41,217 | $ | 5,259 | $ | 10,604 | $ | 7,980 | $ | 23,843 | ||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Net derivative position. | |||||||||||||||||||||||||||||||||||
(b) | Debt securities primarily issued by U.S. government-sponsored enterprises (“GSEs”). | |||||||||||||||||||||||||||||||||||
(c) | “Investment grade” bonds are those rated Baa3/BBB- or higher by at least two rating agencies; “High yield” bonds are those rated below investment grade; “Other credit” refers to non-rated bonds. | |||||||||||||||||||||||||||||||||||
(d) | For U.S. Plans, funds investing in diverse hedge fund strategies with the following composition of underlying hedge fund investments within the U.S. pension plans at December 31, 2013: global macro (32%), event-driven (26%), equity long/short (22%), multi-strategy (11%) and relative value (9%). For non-U.S. Plans, funds investing in diversified portfolio of underlying hedge funds. At December 31, 2013, the composition of underlying hedge fund investments (within the U.K. and Canada pension plans) was: event-driven (35%), equity long/short (35%), multi-strategy (12%), global macro (12%) and relative value (6%). | |||||||||||||||||||||||||||||||||||
(e) | For U.S. Plans, diversified investments in private equity funds with the following strategies: buyout (61%), venture capital (26%), mezzanine/distressed (7%), and other (6%). Allocations are estimated based on latest available data for managers reflecting June 30, 2013 holdings. For non-U.S. Plans, investments in private investment funds (funds of funds) pursuing strategies broadly classified as venture capital and buyouts. | |||||||||||||||||||||||||||||||||||
(f) | For investment in private property funds broadly classified as core (49%), value-added and opportunistic (51%). For non-U.S. Plans, investment in private property funds broadly classified as core (40%), value-added and opportunistic (60%). Also includes investment in real assets. | |||||||||||||||||||||||||||||||||||
(g) | Primarily short-term investment funds to provide liquidity to plan investment managers and cash held to pay benefits. | |||||||||||||||||||||||||||||||||||
(h) | For U.S. Plans, primarily cash related to net pending security (purchases)/sales and net pending foreign currency purchases/(sales). For non-U.S. Plans, primarily Ford-Werke, plan assets (insurance contract valued at $4,077 million) and cash related to net pending security (purchases)/sales and net pending foreign currency purchases/(sales). | |||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
The fair value of our pension benefits plan assets (including dividends and interest receivables of $274 million and $84 million for U.S. and non-U.S. plans, respectively) by asset category was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S.Plans | |||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 7,544 | $ | 48 | $ | 15 | $ | 7,607 | $ | 3,221 | $ | 223 | $ | — | $ | 3,444 | ||||||||||||||||||||
International companies | 4,971 | 133 | 3 | 5,107 | 3,424 | 188 | 1 | 3,613 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total equity | 12,515 | 181 | 18 | 12,714 | 6,645 | 411 | 1 | 7,057 | ||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | 2,523 | — | — | 2,523 | 99 | — | — | 99 | ||||||||||||||||||||||||||||
U.S. government-sponsored enterprises (b) | — | 3,236 | 3 | 3,239 | — | 6 | — | 6 | ||||||||||||||||||||||||||||
Non-U.S. government | — | 2,884 | 32 | 2,916 | — | 5,841 | 41 | 5,882 | ||||||||||||||||||||||||||||
Corporate bonds (c) | ||||||||||||||||||||||||||||||||||||
Investment grade | — | 10,581 | 80 | 10,661 | — | 1,147 | 22 | 1,169 | ||||||||||||||||||||||||||||
High yield | — | 1,386 | 14 | 1,400 | — | 268 | 1 | 269 | ||||||||||||||||||||||||||||
Other credit | — | 28 | 50 | 78 | — | 13 | 6 | 19 | ||||||||||||||||||||||||||||
Mortgage/other asset-backed | — | 1,183 | 115 | 1,298 | — | 168 | 28 | 196 | ||||||||||||||||||||||||||||
Commingled funds | — | 477 | — | 477 | — | 504 | — | 504 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | (31 | ) | (105 | ) | — | (136 | ) | — | 3 | (1 | ) | 2 | ||||||||||||||||||||||||
Total fixed income | 2,492 | 19,670 | 294 | 22,456 | 99 | 7,950 | 97 | 8,146 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds (d) | — | — | 3,121 | 3,121 | — | — | 1,142 | 1,142 | ||||||||||||||||||||||||||||
Private equity (e) | — | — | 2,412 | 2,412 | — | — | 236 | 236 | ||||||||||||||||||||||||||||
Real estate (f) | — | — | 457 | 457 | — | 1 | 329 | 330 | ||||||||||||||||||||||||||||
Total alternatives | — | — | 5,990 | 5,990 | — | 1 | 1,707 | 1,708 | ||||||||||||||||||||||||||||
Cash and cash equivalents (g) | — | 1,844 | 57 | 1,901 | — | 867 | — | 867 | ||||||||||||||||||||||||||||
Other (h) | (681 | ) | 15 | — | (666 | ) | (751 | ) | 16 | 4,670 | 3,935 | |||||||||||||||||||||||||
Total assets at fair value | $ | 14,326 | $ | 21,710 | $ | 6,359 | $ | 42,395 | $ | 5,993 | $ | 9,245 | $ | 6,475 | $ | 21,713 | ||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Net derivative position. | |||||||||||||||||||||||||||||||||||
(b) | Debt securities primarily issued by GSEs. | |||||||||||||||||||||||||||||||||||
(c) | “Investment grade” bonds are those rated Baa3/BBB- or higher by at least two rating agencies; “High yield” bonds are those rated below investment grade; “Other credit” refers to non-rated bonds. | |||||||||||||||||||||||||||||||||||
(d) | For U.S. Plans, funds investing in diverse hedge fund strategies (primarily commingled fund of funds) with the following composition of underlying hedge fund investments within the U.S. pension plans at December 31, 2012: global macro (39%), event-driven (21%), equity long/short (17%), relative value (13%), and multi-strategy (10%). For non-U.S. Plans, funds investing in diversified portfolio of underlying hedge funds (commingled fund of funds). At December 31, 2012, the composition of underlying hedge fund investments (within the U.K. and Canada pension plans) was: event-driven (36%), equity long/short (26%), multi-strategy (14%), global macro (13%) and relative value (11%). | |||||||||||||||||||||||||||||||||||
(e) | For U.S. Plans, diversified investments in private equity funds with the following strategies: buyout (60%), venture capital (25%), mezzanine/distressed (8%), and other (7%). Allocations are estimated based on latest available data for managers reflecting June 30, 2012 holdings. For non-U.S. Plans, investments in private investment funds (funds of funds) pursuing strategies broadly classified as venture capital and buyouts. | |||||||||||||||||||||||||||||||||||
(f) | For U.S. Plans, Investment in private property funds broadly classified as core (54%), value-added and opportunistic (46%). For non-U.S. Plans, investment in private property funds broadly classified as core (31%), value-added and opportunistic (69%). Also includes investment in real assets. | |||||||||||||||||||||||||||||||||||
(g) | Primarily short-term investment funds to provide liquidity to plan investment managers and cash held to pay benefits. | |||||||||||||||||||||||||||||||||||
(h) | For U.S. Plans, primarily cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales. For non-U.S. Plans, primarily Ford-Werke, plan assets (insurance contract valued at $3,609 million) and cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales. | |||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
The following table summarizes the changes in Level 3 pension benefits plan assets measured at fair value on a recurring basis for the year ended December 31, 2013 (in millions): | ||||||||||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Return on plan assets | ||||||||||||||||||||||||||||||||||||
U.S. Plans: | Fair | Attributable | Attributable | Net Purchases/ | Transfers Into/ (Out of) Level 3 | Fair | ||||||||||||||||||||||||||||||
Value | to Assets | to | (Settlements) | Value | ||||||||||||||||||||||||||||||||
at | Held | Assets | at | |||||||||||||||||||||||||||||||||
1-Jan-13 | at | Sold | December 31, | |||||||||||||||||||||||||||||||||
December 31, | 2013 | |||||||||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 15 | $ | — | $ | — | $ | — | $ | (12 | ) | $ | 3 | |||||||||||||||||||||||
International companies | 3 | — | — | (2 | ) | — | 1 | |||||||||||||||||||||||||||||
Total equity | 18 | — | — | (2 | ) | (12 | ) | 4 | ||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | 3 | — | — | — | (3 | ) | — | |||||||||||||||||||||||||||||
Non-U.S. government | 32 | — | (1 | ) | (28 | ) | (3 | ) | — | |||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 80 | — | (4 | ) | (33 | ) | (43 | ) | — | |||||||||||||||||||||||||||
High yield | 14 | — | (1 | ) | (12 | ) | (1 | ) | — | |||||||||||||||||||||||||||
Other credit | 50 | — | (7 | ) | (26 | ) | (17 | ) | — | |||||||||||||||||||||||||||
Mortgage/other asset-backed | 115 | — | 7 | 7 | (96 | ) | 33 | |||||||||||||||||||||||||||||
Derivative financial instruments | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total fixed income | 294 | — | (6 | ) | (92 | ) | (163 | ) | 33 | |||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 3,121 | 295 | (40 | ) | (598 | ) | — | 2,778 | ||||||||||||||||||||||||||||
Private equity | 2,412 | 345 | — | (131 | ) | — | 2,626 | |||||||||||||||||||||||||||||
Real estate | 457 | 45 | — | 108 | — | 610 | ||||||||||||||||||||||||||||||
Total alternatives | 5,990 | 685 | (40 | ) | (621 | ) | — | 6,014 | ||||||||||||||||||||||||||||
Other | 57 | 1 | 2 | (55 | ) | (4 | ) | 1 | ||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 6,359 | $ | 686 | $ | (44 | ) | $ | (770 | ) | $ | (179 | ) | $ | 6,052 | |||||||||||||||||||||
Non-U.S. Plans: | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
International companies | 1 | — | — | — | 1 | 2 | ||||||||||||||||||||||||||||||
Total equity | 1 | — | — | — | — | 1 | 2 | |||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Non-U.S. government | 41 | (7 | ) | — | 33 | — | 67 | |||||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 22 | (1 | ) | (1 | ) | 32 | 3 | 55 | ||||||||||||||||||||||||||||
High yield | 1 | — | — | 19 | 1 | 21 | ||||||||||||||||||||||||||||||
Other credit | 6 | — | — | 7 | — | 13 | ||||||||||||||||||||||||||||||
Mortgage/other asset-backed | 28 | — | 2 | 1 | (17 | ) | 14 | |||||||||||||||||||||||||||||
Derivative financial instruments | (1 | ) | — | — | 1 | — | — | |||||||||||||||||||||||||||||
Total fixed income | 97 | — | (8 | ) | 1 | 93 | (13 | ) | 170 | |||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 1,142 | 114 | 10 | 391 | — | 1,657 | ||||||||||||||||||||||||||||||
Private equity | 236 | 34 | — | 82 | — | 352 | ||||||||||||||||||||||||||||||
Real estate | 329 | 42 | — | 230 | — | 601 | ||||||||||||||||||||||||||||||
Total alternatives | 1,707 | — | 190 | 10 | 703 | — | 2,610 | |||||||||||||||||||||||||||||
Other (a) | 4,670 | 528 | — | — | — | 5,198 | ||||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 6,475 | $ | 710 | $ | 11 | $ | 796 | $ | (12 | ) | $ | 7,980 | |||||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Primarily Ford-Werke plan assets (insurance contract valued at $4,077 million). | |||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
The following table summarizes the changes in Level 3 pension benefits plan assets measured at fair value on a recurring basis for the year ended December 31, 2012 (in millions): | ||||||||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||||||
Return on plan assets | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Fair | Attributable | Attributable | Net Purchases/ | Transfers Into/ (Out of) Level 3 | Fair | ||||||||||||||||||||||||||||||
Value | to Assets | to | (Settlements) | Value | ||||||||||||||||||||||||||||||||
at | Held | Assets | at | |||||||||||||||||||||||||||||||||
1-Jan-12 | at | Sold | December 31, | |||||||||||||||||||||||||||||||||
December 31, | 2012 | |||||||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 15 | $ | — | $ | — | $ | — | $ | — | $ | 15 | ||||||||||||||||||||||||
International companies | 3 | — | 3 | (3 | ) | — | 3 | |||||||||||||||||||||||||||||
Total equity | 18 | — | 3 | (3 | ) | — | 18 | |||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | 8 | — | — | (5 | ) | — | 3 | |||||||||||||||||||||||||||||
Non-U.S. government | 169 | 2 | 5 | (137 | ) | (7 | ) | 32 | ||||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 33 | 5 | (4 | ) | 14 | 32 | 80 | |||||||||||||||||||||||||||||
High yield | 11 | 1 | 1 | 4 | (3 | ) | 14 | |||||||||||||||||||||||||||||
Other credit | 17 | 5 | — | 28 | — | 50 | ||||||||||||||||||||||||||||||
Mortgage/other asset-backed | 54 | 1 | 3 | 43 | 14 | 115 | ||||||||||||||||||||||||||||||
Derivative financial instruments | 6 | (3 | ) | (9 | ) | 10 | (4 | ) | — | |||||||||||||||||||||||||||
Total fixed income | 298 | 11 | (4 | ) | (43 | ) | 32 | 294 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 2,968 | 189 | (6 | ) | (30 | ) | — | 3,121 | ||||||||||||||||||||||||||||
Private equity | 2,085 | 201 | — | 126 | — | 2,412 | ||||||||||||||||||||||||||||||
Real estate | 362 | 31 | 1 | 63 | — | 457 | ||||||||||||||||||||||||||||||
Total alternatives | 5,415 | 421 | (5 | ) | 159 | — | 5,990 | |||||||||||||||||||||||||||||
Other | (2 | ) | 2 | — | 67 | (10 | ) | 57 | ||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 5,729 | $ | 434 | $ | (6 | ) | $ | 180 | $ | 22 | $ | 6,359 | |||||||||||||||||||||||
Non-U.S. Plan | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
International companies | 1 | — | — | — | — | 1 | ||||||||||||||||||||||||||||||
Total equity | 1 | — | — | — | — | 1 | ||||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Non-U.S. government | 122 | 1 | 9 | (31 | ) | (60 | ) | 41 | ||||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 11 | 1 | 1 | 4 | 5 | 22 | ||||||||||||||||||||||||||||||
High yield | — | — | — | 1 | — | 1 | ||||||||||||||||||||||||||||||
Other credit | — | — | — | 6 | — | 6 | ||||||||||||||||||||||||||||||
Mortgage/other asset-backed | 6 | — | — | 14 | 8 | 28 | ||||||||||||||||||||||||||||||
Derivative financial instruments | (6 | ) | — | (3 | ) | — | 8 | (1 | ) | |||||||||||||||||||||||||||
Total fixed income | 133 | 2 | 7 | (6 | ) | (39 | ) | 97 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 1,053 | 79 | 10 | — | — | 1,142 | ||||||||||||||||||||||||||||||
Private equity | 123 | 14 | — | 99 | — | 236 | ||||||||||||||||||||||||||||||
Real estate | 160 | 4 | (1 | ) | 166 | — | 329 | |||||||||||||||||||||||||||||
Total alternatives | 1,336 | 97 | 9 | 265 | — | 1,707 | ||||||||||||||||||||||||||||||
Other (a) | 4,358 | 312 | — | — | — | 4,670 | ||||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 5,828 | $ | 411 | $ | 16 | $ | 259 | $ | (39 | ) | $ | 6,475 | |||||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Primarily Ford-Werke plan assets (insurance contract valued at $3,609 million) |
Debt_and_Commitments
Debt and Commitments | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
DEBT AND COMMITMENTS | ' | |||||||||||||||||||||||||||
DEBT AND COMMITMENTS | ||||||||||||||||||||||||||||
Our debt consists of short-term and long-term secured and unsecured debt securities, convertible debt securities, and unsecured and secured borrowings from banks and other lenders. Debt issuances are placed directly by us or through securities dealers or underwriters and are held by institutional and retail investors. In addition, Ford Credit sponsors securitization programs that provide short-term and long-term asset-backed financing through institutional investors in the U.S. and international capital markets. | ||||||||||||||||||||||||||||
Debt is recorded on our balance sheet at par value adjusted for unamortized discount or premium and adjustments related to designated fair value hedges (see Note 16 for policy detail). Discounts, premiums, and costs directly related to the issuance of debt are amortized over the life of the debt or to the put date and are recorded in Interest expense using the effective interest method. Gains and losses on the extinguishment of debt are recorded in Automotive interest income and other income/(expense), net and Financial Services other income/(loss), net. | ||||||||||||||||||||||||||||
NOTE 15. DEBT AND COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
The carrying value of Total Company debt was $114.7 billion and $105.1 billion at December 31, 2013 and 2012, respectively. The following table details the carrying value of our debt by Automotive sector and Financial Services sector (in millions): | ||||||||||||||||||||||||||||
Interest Rates | ||||||||||||||||||||||||||||
Average Contractual (a) | Average Effective (b) | |||||||||||||||||||||||||||
Automotive Sector | December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
Debt payable within one year | ||||||||||||||||||||||||||||
Short-term | $ | 562 | $ | 484 | 1.5 | % | 1.5 | % | 1.5 | % | 1.5 | % | ||||||||||||||||
Long-term payable within one year | ||||||||||||||||||||||||||||
U.S. Department of Energy (“DOE”) Advanced Technology Vehicles Manufacturing (“ATVM”) Incentive Program | 591 | 591 | ||||||||||||||||||||||||||
Other debt | 104 | 311 | ||||||||||||||||||||||||||
Total debt payable within one year | 1,257 | 1,386 | ||||||||||||||||||||||||||
Long-term debt payable after one year | ||||||||||||||||||||||||||||
Public unsecured debt securities (c) | 6,799 | 5,420 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | (148 | ) | (100 | ) | ||||||||||||||||||||||||
Convertible notes | 908 | 908 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | (110 | ) | (142 | ) | ||||||||||||||||||||||||
DOE ATVM Incentive Program | 4,424 | 5,014 | ||||||||||||||||||||||||||
EIB Credit Facilities (d) | 1,295 | 729 | ||||||||||||||||||||||||||
Other debt | 1,255 | 1,048 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | 3 | (7 | ) | |||||||||||||||||||||||||
Total long-term debt payable after one year | 14,426 | 12,870 | 4.4 | % | 4.6 | % | 4.7 | % | 5.1 | % | ||||||||||||||||||
Total Automotive sector | $ | 15,683 | $ | 14,256 | ||||||||||||||||||||||||
Fair value of Automotive sector debt (e) | $ | 17,301 | $ | 14,867 | ||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||
Short-term debt | ||||||||||||||||||||||||||||
Asset-backed commercial paper | $ | 3,364 | $ | 5,752 | ||||||||||||||||||||||||
Other asset-backed short-term debt | 1,963 | 3,762 | ||||||||||||||||||||||||||
Floating rate demand notes | 5,319 | 4,890 | ||||||||||||||||||||||||||
Commercial paper | 2,003 | 1,686 | ||||||||||||||||||||||||||
Other short-term debt | 2,345 | 1,655 | ||||||||||||||||||||||||||
Total short-term debt | 14,994 | 17,745 | 1.5 | % | 1.1 | % | 1.5 | % | 1.1 | % | ||||||||||||||||||
Long-term debt | ||||||||||||||||||||||||||||
Unsecured debt | ||||||||||||||||||||||||||||
Notes payable within one year | 4,475 | 5,830 | ||||||||||||||||||||||||||
Notes payable after one year | 38,914 | 32,503 | ||||||||||||||||||||||||||
Asset-backed debt | ||||||||||||||||||||||||||||
Notes payable within one year | 17,337 | 13,801 | ||||||||||||||||||||||||||
Notes payable after one year | 23,273 | 20,266 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | (91 | ) | (134 | ) | ||||||||||||||||||||||||
Fair value adjustments (f) | 103 | 791 | ||||||||||||||||||||||||||
Total long-term debt | 84,011 | 73,057 | 3.1 | % | 3.8 | % | 3.3 | % | 4.1 | % | ||||||||||||||||||
Total Financial Services sector | $ | 99,005 | $ | 90,802 | ||||||||||||||||||||||||
Fair value of Financial Services sector | $ | 102,399 | $ | 94,578 | ||||||||||||||||||||||||
debt (e) | ||||||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Average contractual rates reflect the stated contractual interest rate with the exception of commercial paper, which is issued at a discount. | |||||||||||||||||||||||||||
(b) | Average effective rates reflect the average contractual interest rate plus amortization of discounts, premiums, and issuance fees. | |||||||||||||||||||||||||||
(c) | Public unsecured debt securities at December 31, 2013 increased by about $1.4 billion from December 31, 2012, primarily reflecting the issuance of $2 billion of 4.75% Notes due January 15, 2043, offset partially by the redemption of about $600 million of 7.5% Notes due June 10, 2043. | |||||||||||||||||||||||||||
(d) | Includes debt of Ford Romania which was consolidated on January 1, 2013. See Note 23 for additional information. | |||||||||||||||||||||||||||
(e) | The fair value of debt includes $377 million and $484 million of Automotive sector short-term debt and $9.7 billion and $8.4 billion of Financial Services sector short-term debt at December 31, 2013 and 2012, respectively, carried at cost which approximates fair value. All debt is categorized within Level 2 of the fair value hierarchy. See Note 4 for additional information. | |||||||||||||||||||||||||||
(f) | Adjustments related to designated fair value hedges of unsecured debt. | |||||||||||||||||||||||||||
NOTE 15. DEBT AND COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
The fair value of debt presented above reflects interest accrued but not yet paid. Interest accrued on Automotive debt is reported in Automotive other liabilities and deferred revenue and was $195 million and $194 million at | ||||||||||||||||||||||||||||
December 31, 2013 and 2012, respectively. Interest accrued on Financial Services debt is reported in Financial Services other liabilities and deferred income and was $633 million and $744 million at December 31, 2013 and 2012, respectively. See Note 4 for fair value methodology. | ||||||||||||||||||||||||||||
Maturities | ||||||||||||||||||||||||||||
The following table summarizes contractual maturities including capital leases at December 31, 2013 (in millions): | ||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total Debt Maturities | ||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||
Public unsecured debt securities | $ | — | $ | 165 | $ | — | $ | — | $ | 361 | $ | 6,273 | $ | 6,799 | ||||||||||||||
Convertible notes | — | — | 883 | — | — | 25 | 908 | |||||||||||||||||||||
DOE ATVM Incentive Program | 591 | 591 | 591 | 591 | 591 | 2,060 | 5,015 | |||||||||||||||||||||
Short-term and other debt (a) | 666 | 1,772 | 289 | 73 | 71 | 345 | 3,216 | |||||||||||||||||||||
Total (b) | 1,257 | 2,528 | 1,763 | 664 | 1,023 | 8,703 | 15,938 | |||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||
Unsecured debt | 14,142 | 9,048 | 8,955 | 7,445 | 5,612 | 7,854 | 53,056 | |||||||||||||||||||||
Asset-backed debt | 22,664 | 11,994 | 7,836 | 2,746 | 497 | 200 | 45,937 | |||||||||||||||||||||
Total (b) | 36,806 | 21,042 | 16,791 | 10,191 | 6,109 | 8,054 | 98,993 | |||||||||||||||||||||
Total Company (b) | $ | 38,063 | $ | 23,570 | $ | 18,554 | $ | 10,855 | $ | 7,132 | $ | 16,757 | $ | 114,931 | ||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Primarily non-U.S. affiliate debt and includes the EIB secured loans. | |||||||||||||||||||||||||||
(b) | Excludes discounts, premiums and adjustments, if any, related to designated fair value hedges of unsecured debt. | |||||||||||||||||||||||||||
NOTE 15. DEBT AND COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||
Public Unsecured Debt Securities | ||||||||||||||||||||||||||||
Our public, nonconvertible unsecured debt securities outstanding were as follows (in millions): | ||||||||||||||||||||||||||||
Aggregate Principal Amount Outstanding | ||||||||||||||||||||||||||||
Title of Security | December 31, | December 31, | ||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
4 7/8% Debentures due March 26, 2015 | $ | 165 | $ | 160 | ||||||||||||||||||||||||
6 1/2% Debentures due August 1, 2018 | 361 | 361 | ||||||||||||||||||||||||||
8 7/8% Debentures due January 15, 2022 | 86 | 86 | ||||||||||||||||||||||||||
6.55% Debentures due October 3, 2022 (a) (e) | — | 15 | ||||||||||||||||||||||||||
7 1/8% Debentures due November 15, 2025 | 209 | 209 | ||||||||||||||||||||||||||
7 1/2% Debentures due August 1, 2026 | 193 | 193 | ||||||||||||||||||||||||||
6 5/8% Debentures due February 15, 2028 | 104 | 104 | ||||||||||||||||||||||||||
6 5/8% Debentures due October 1, 2028 (b) | 638 | 638 | ||||||||||||||||||||||||||
6 3/8% Debentures due February 1, 2029 (b) | 260 | 260 | ||||||||||||||||||||||||||
5.95% Debentures due September 3, 2029 (a) (e) | — | 8 | ||||||||||||||||||||||||||
6.15% Debentures due June 3, 2030 (a) (e) | — | 10 | ||||||||||||||||||||||||||
7.45% GLOBLS due July 16, 2031 (b) | 1,794 | 1,794 | ||||||||||||||||||||||||||
8.900% Debentures due January 15, 2032 | 151 | 151 | ||||||||||||||||||||||||||
9.95% Debentures due February 15, 2032 | 4 | 4 | ||||||||||||||||||||||||||
5.75% Debentures due April 2, 2035 (a) | 40 | 40 | ||||||||||||||||||||||||||
7.50% Notes due June 10, 2043 (c) | — | 593 | ||||||||||||||||||||||||||
7.75% Debentures due June 15, 2043 | 73 | 73 | ||||||||||||||||||||||||||
7.40% Debentures due November 1, 2046 | 398 | 398 | ||||||||||||||||||||||||||
9.980% Debentures due February 15, 2047 | 181 | 181 | ||||||||||||||||||||||||||
7.70% Debentures due May 15, 2097 | 142 | 142 | ||||||||||||||||||||||||||
4.75% Notes due January 15, 2043 | 2,000 | — | ||||||||||||||||||||||||||
Total public unsecured debt securities (d) | $ | 6,799 | $ | 5,420 | ||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Unregistered industrial revenue bonds. | |||||||||||||||||||||||||||
(b) | Listed on the Luxembourg Exchange and on the Singapore Exchange. | |||||||||||||||||||||||||||
(c) | Listed on the New York Stock Exchange; this debt was redeemed as of February 4, 2013. | |||||||||||||||||||||||||||
(d) | Excludes 9.215% Debentures due September 15, 2021 with an outstanding balance at December 31, 2013 of $180 million. The proceeds from these securities were on-lent by Ford to Ford Holdings to fund Financial Services activity and are reported as Financial Services debt. | |||||||||||||||||||||||||||
(e) | Redeemed as of November 25, 2013. | |||||||||||||||||||||||||||
Convertible Notes | ||||||||||||||||||||||||||||
At December 31, 2013, we had outstanding $883 million and $25 million principal amount of 4.25% Senior Convertible Notes due November 15, 2016 (“2016 Convertible Notes”) and December 15, 2036 (“2036 Convertible Notes”), respectively. | ||||||||||||||||||||||||||||
Subject to certain limitations relating to the price of Ford Common Stock, the 2016 Convertible Notes are convertible into shares of Ford Common Stock, based on a conversion rate (subject to adjustment) of 112.8203 shares per $1,000 principal amount of 2016 Convertible Notes (which is equal to a conversion price of $8.86 per share). Upon conversion of the 2016 Convertible Notes, we have the right to deliver, in lieu of shares of Ford Common Stock, either cash or a combination of cash and Ford Common Stock. We may terminate the conversion rights of holders under the 2016 Convertible Notes at any time on or after November 20, 2014 if the closing price of Ford Common Stock exceeds 130% of the then-applicable conversion price for 20 trading days during the consecutive 30-trading-day period prior to notice of termination. | ||||||||||||||||||||||||||||
NOTE 15. DEBT AND COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
In December 2013, we elected to terminate the conversion rights of holders under the 2036 Convertible Notes in accordance with their terms effective as of the close of business on January 21, 2014. | ||||||||||||||||||||||||||||
Liability, equity, and if-converted components of our Convertible Notes are summarized as follows (in millions): | ||||||||||||||||||||||||||||
Total Effective Interest Rate | ||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Liability component | ||||||||||||||||||||||||||||
4.25% Debentures due November 15, 2016 | $ | 768 | $ | 768 | 9.20% | 9.20% | ||||||||||||||||||||||
4.25% Debentures due November 15, 2016 (underwriter option) | 115 | 115 | 8.60% | 8.60% | ||||||||||||||||||||||||
Subtotal Convertible Debt due November 15, 2016 | 883 | 883 | ||||||||||||||||||||||||||
4.25% Debentures due December 15, 2036 | 25 | 25 | 10.50% | 10.50% | ||||||||||||||||||||||||
Unamortized discount | (110 | ) | (142 | ) | ||||||||||||||||||||||||
Net carrying amount | $ | 798 | $ | 766 | ||||||||||||||||||||||||
Equity component of outstanding debt (a) | $ | (225 | ) | $ | (225 | ) | ||||||||||||||||||||||
Share value in excess of principal value, if converted (b) | 673 | 384 | ||||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Recorded in Capital in excess of par value of stock. | |||||||||||||||||||||||||||
(b) | Based on share price of $15.43 and $12.95 as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||
We recognized interest cost on our Convertible Notes as follows (in millions): | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Contractual interest coupon | $ | 39 | $ | 38 | $ | 38 | ||||||||||||||||||||||
Amortization of discount | 32 | 30 | 27 | |||||||||||||||||||||||||
Total interest cost on Convertible Notes | $ | 71 | $ | 68 | $ | 65 | ||||||||||||||||||||||
DOE ATVM Incentive Program | ||||||||||||||||||||||||||||
In September 2009, we entered into a Loan Arrangement and Reimbursement Agreement with the DOE, pursuant to which the DOE agreed to (i) arrange a 13-year multi-draw term loan facility under the ATVM Program in the aggregate principal amount of up to $5.9 billion, (ii) designate us as a borrower under the ATVM Program, and (iii) cause the Federal Financing Bank to enter into the Note Purchase Agreement for the purchase of notes to be issued by us evidencing such loans. The proceeds of the ATVM loan have been used to finance certain costs for fuel efficient, advanced technology vehicles. The principal amount of the ATVM loan bears interest at a blended rate based on the U.S. Treasury yield curve at the time each draw was made (with the weighted-average interest rate on all such draws still outstanding being about 2.3% per annum). | ||||||||||||||||||||||||||||
NOTE 15. DEBT AND COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
EIB Credit Facilities | ||||||||||||||||||||||||||||
On December 21, 2009, Ford Romania, our operating subsidiary in Romania, entered into a credit facility for an aggregate amount of €400 million (equivalent to $551 million at December 31, 2013) with the EIB (the “EIB Romania Facility”), and on July 12, 2010, Ford Motor Company Limited, our operating subsidiary in the United Kingdom (“Ford of Britain”), entered into a credit facility for an aggregate amount of £450 million (equivalent to $744 million at | ||||||||||||||||||||||||||||
December 31, 2013) with the EIB (the “EIB United Kingdom Facility”). The facilities were fully drawn at December 31, 2013. Loans under the EIB Romania Facility and the EIB United Kingdom Facility bear interest at a fixed rate of 4.44% and 4% per annum, respectively. Proceeds of loans drawn under the EIB Romania Facility have been used to fund upgrades to a vehicle plant in Romania, and proceeds of loans drawn under the EIB United Kingdom Facility have been used to fund costs for the research and development of fuel-efficient engines and commercial vehicles with lower emissions, and upgrades to an engine manufacturing plant in the United Kingdom. The loans under each facility are five-year, non-amortizing loans secured by respective guarantees from the governments of Romania and the United Kingdom for approximately 80% and from us for approximately 20% of the outstanding principal amounts. Ford Romania and Ford of Britain have each pledged fixed assets, receivables, and/or inventory to the governments of Romania and the United Kingdom as collateral, and we have pledged 50% of the shares of Ford Romania to the government of Romania and guaranteed Ford of Britain’s obligations to the government of the United Kingdom. | ||||||||||||||||||||||||||||
Automotive Credit Facilities | ||||||||||||||||||||||||||||
At December 31, 2013, lenders under our revolving credit facility had commitments totaling $10.7 billion, with a November 30, 2017 maturity date, and commitments totaling $50 million with a November 30, 2015 maturity date. The revolving credit facility is unsecured and free of material adverse change clauses, restrictive financial covenants (for example, debt-to-equity limitations and minimum net worth requirements), and credit rating triggers that could limit our ability to obtain funding. The revolving credit facility contains a liquidity covenant that requires us to maintain a minimum of $4 billion in aggregate of domestic cash, cash equivalents, and loaned and marketable securities and/or availability under the revolving credit facility. If our senior, unsecured, long-term debt does not maintain at least two investment grade ratings from Fitch, Moody’s, and S&P, the guarantees of certain subsidiaries will be required. | ||||||||||||||||||||||||||||
At December 31, 2013, the utilized portion of the revolving credit facility was $83 million, representing amounts utilized as letters of credit. | ||||||||||||||||||||||||||||
At December 31, 2013, we had $802 million of local credit facilities to foreign Automotive affiliates, of which $99 million has been utilized. Of the $802 million of committed credit facilities, $487 million expires in 2014, $277 million expires in 2015, and $38 million thereafter. | ||||||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||
Asset-Backed Debt | ||||||||||||||||||||||||||||
Ford Credit engages in securitization transactions to fund operations and to maintain liquidity. Ford Credit’s securitization transactions are recorded as asset-backed debt and the associated assets are not de-recognized and continue to be included on our financial statements. | ||||||||||||||||||||||||||||
The finance receivables and cash flows related to operating leases that have been included in securitization transactions are only available for payment of the debt and other obligations issued or arising in the securitization transactions. They are not available to pay Ford Credit’s other obligations or the claims of its other creditors. Ford Credit does, however, hold the right to the excess cash flows not needed to pay the debt and other obligations issued or arising in each of the securitization transactions. The debt is the obligation of Ford Credit’s consolidated securitization entities and not Ford Credit’s legal obligation or that of its other subsidiaries. | ||||||||||||||||||||||||||||
NOTE 15. DEBT AND COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
The following table shows the assets and liabilities related to our asset-backed debt arrangements that are included on our financial statements for the years ended December 31 (in billions): | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Cash and Cash | Finance | Related | ||||||||||||||||||||||||||
Equivalents | Receivables, Net and | Debt | ||||||||||||||||||||||||||
Net Investment in | ||||||||||||||||||||||||||||
Operating Leases | ||||||||||||||||||||||||||||
VIEs (a) | ||||||||||||||||||||||||||||
Finance receivables | $ | 3.8 | $ | 45.8 | $ | 35.1 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 8.1 | 5.6 | |||||||||||||||||||||||||
Total | $ | 4.2 | $ | 53.9 | $ | 40.7 | ||||||||||||||||||||||
Non-VIE | ||||||||||||||||||||||||||||
Finance receivables (b) | $ | 0.2 | $ | 5.6 | $ | 5.2 | ||||||||||||||||||||||
Total securitization transactions | ||||||||||||||||||||||||||||
Finance receivables | $ | 4 | $ | 51.4 | $ | 40.3 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 8.1 | 5.6 | |||||||||||||||||||||||||
Total | $ | 4.4 | $ | 59.5 | $ | 45.9 | ||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Cash and Cash | Finance | Related | ||||||||||||||||||||||||||
Equivalents | Receivables, Net and | Debt | ||||||||||||||||||||||||||
Net Investment in | ||||||||||||||||||||||||||||
Operating Leases | ||||||||||||||||||||||||||||
VIEs (a) | ||||||||||||||||||||||||||||
Finance receivables | $ | 2.5 | $ | 47.5 | $ | 36 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 6.3 | 4.2 | |||||||||||||||||||||||||
Total | $ | 2.9 | $ | 53.8 | $ | 40.2 | ||||||||||||||||||||||
Non-VIE | ||||||||||||||||||||||||||||
Finance receivables (b) | $ | 0.1 | $ | 3.5 | $ | 3.3 | ||||||||||||||||||||||
Total securitization transactions | ||||||||||||||||||||||||||||
Finance receivables | $ | 2.6 | $ | 51 | $ | 39.3 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 6.3 | 4.2 | |||||||||||||||||||||||||
Total | $ | 3 | $ | 57.3 | $ | 43.5 | ||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Includes assets to be used to settle liabilities of the consolidated VIEs. See Note 11 for additional information on Financial Services sector VIEs. | |||||||||||||||||||||||||||
(b) | Certain notes issued by the VIEs to affiliated companies served as collateral for accessing the ECB open market operations program. This external funding of $145 million at December 31, 2012 was not reflected as debt of the VIEs and is excluded from the table above, but was included on our consolidated debt. The finance receivables backing this external funding are included in the table above. | |||||||||||||||||||||||||||
Financial Services sector asset-backed debt also included $0 and $64 million at December 31, 2013 and 2012, respectively, that is secured by property. | ||||||||||||||||||||||||||||
Credit Facilities | ||||||||||||||||||||||||||||
At December 31, 2013, Ford Credit and its majority-owned subsidiaries had $1.6 billion of contractually-committed unsecured credit facilities with financial institutions, including FCE Bank plc’s (“FCE”) £720 million (equivalent to $1.2 billion at December 31, 2013) which matures in 2016. At December 31, 2013, $1.2 billion was available for use. The FCE Credit Agreement contains certain covenants, including an obligation for FCE to maintain its ratio of regulatory capital to risk-weighted assets at no less than the applicable regulatory minimum, and for the support agreement between FCE and Ford Credit to remain in full force and effect (and enforced by FCE to ensure that its net worth is maintained at no less than $500 million). In addition to customary payment, representation, bankruptcy, and judgment defaults, the FCE Credit Agreement contains cross-payment and cross-acceleration defaults with respect to other debt. | ||||||||||||||||||||||||||||
NOTE 15. DEBT AND COMMITMENTS (Continued) | ||||||||||||||||||||||||||||
At December 31, 2013, FCAR’s bank liquidity facilities available to support FCAR’s asset-backed commercial paper, subordinated debt, or its purchase of Ford Credit’s asset-backed securities was $3.5 billion, down from $6.3 billion at December 31, 2012. This reduction has been offset by increases in other committed liquidity programs, leaving Ford Credit’s total sources of liquidity largely unchanged. | ||||||||||||||||||||||||||||
Committed Liquidity Programs | ||||||||||||||||||||||||||||
Ford Credit and its subsidiaries, including FCE, have entered into agreements with a number of bank-sponsored, asset-backed commercial paper conduits (“conduits”) and other financial institutions. Such counterparties are contractually committed, at Ford Credit’s option, to purchase from it eligible retail or wholesale assets or to purchase or make advances under asset-backed securities backed by retail, lease, or wholesale assets for proceeds of up to $29.4 billion ($18.4 billion retail, $5.7 billion wholesale, and $5.3 billion lease assets) at December 31, 2013, of which about $5.4 billion are commitments to FCE. These committed liquidity programs have varying maturity dates, with $24.5 billion (of which about $5 billion relates to FCE commitments) having maturities within the next twelve months and the remaining balance having maturities between January 2015 and December 2015. Ford Credit plans to achieve capacity renewals to protect its global funding needs, optimize capacity utilization, and maintain sufficient liquidity. | ||||||||||||||||||||||||||||
Ford Credit’s ability to obtain funding under these programs is subject to having a sufficient amount of assets eligible for these programs as well as its ability to obtain interest rate hedging arrangements for certain securitization transactions. Ford Credit’s capacity in excess of eligible receivables protects it against the risk of lower than planned renewal rates. At December 31, 2013, $14.7 billion of these commitments were in use. These programs are free of material adverse change clauses, restrictive financial covenants (for example, debt-to-equity limitations and minimum net worth requirements), and generally, credit rating triggers that could limit Ford Credit’s ability to obtain funding. However, the unused portion of these commitments may be terminated if the performance of the underlying assets deteriorates beyond specified levels. Based on Ford Credit’s experience and knowledge as servicer of the related assets, we do not expect any of these programs to be terminated due to such events. |
Derivative_Financial_Instrumen
Derivative Financial Instruments and Hedging Activities | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES | ' | |||||||||||||||||||||||||||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES | ||||||||||||||||||||||||||||||||||||
In the normal course of business, our operations are exposed to global market risks, including the effect of changes in foreign currency exchange rates, certain commodity prices, and interest rates. To manage these risks, we enter into various derivatives contracts: | ||||||||||||||||||||||||||||||||||||
• | Foreign currency exchange contracts, including forwards and options, that are used to manage foreign exchange exposure; | |||||||||||||||||||||||||||||||||||
• | Commodity contracts, including forwards and options, that are used to manage commodity price risk; | |||||||||||||||||||||||||||||||||||
• | Interest rate contracts including swaps, caps, and floors that are used to manage the effects of interest rate fluctuations; and | |||||||||||||||||||||||||||||||||||
• | Cross-currency interest rate swap contracts that are used to manage foreign currency and interest rate exposures on foreign-denominated debt. | |||||||||||||||||||||||||||||||||||
Our derivatives are over-the-counter customized derivative transactions and are not exchange-traded. We review our hedging program, derivative positions, and overall risk management strategy on a regular basis. | ||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments and Hedge Accounting. Derivatives are recorded on the balance sheet at fair value and presented on a gross basis. | ||||||||||||||||||||||||||||||||||||
We have elected to apply hedge accounting to certain derivatives. Derivatives that are designated in hedging relationships are evaluated for effectiveness using regression analysis at the time they are designated and throughout the hedge period. | ||||||||||||||||||||||||||||||||||||
Some derivatives do not qualify for hedge accounting; for others, we elect not to apply hedge accounting. Regardless, we only enter into transactions that we believe will be highly effective at offsetting the underlying economic risk. | ||||||||||||||||||||||||||||||||||||
Cash Flow Hedges. Our Automotive sector has designated certain forward contracts as cash flow hedges of forecasted transactions with exposure to foreign currency exchange risk. | ||||||||||||||||||||||||||||||||||||
NOTE 16. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) | ||||||||||||||||||||||||||||||||||||
The effective portion of changes in the fair value of cash flow hedges is deferred in Accumulated other comprehensive income/(loss) and is recognized in Automotive cost of sales when the hedged item affects earnings. The ineffective portion is reported in Automotive cost of sales in the period of measurement. Our policy is to de-designate cash flow hedges prior to the time forecasted transactions are recognized as assets or liabilities on the balance sheet and report subsequent changes in fair value through Automotive cost of sales. If it becomes probable that the originally-forecasted transaction will not occur, the related amount included in Accumulated other comprehensive income/(loss) is reclassified and recognized in earnings. The majority of our cash flow hedges mature in two years or less. | ||||||||||||||||||||||||||||||||||||
Fair Value Hedges. Our Financial Services sector uses derivatives to reduce the risk of changes in the fair value of debt. We have designated certain receive-fixed, pay-float interest rate swaps as fair value hedges of fixed-rate debt. The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate. If the hedge relationship is deemed to be highly effective, we record the changes in the fair value of the hedged debt related to the risk being hedged in Financial Services debt with the offset in Financial Services other income/(loss), net. The change in fair value of the related derivative (excluding accrued interest) also is recorded in Financial Services other income/(loss), net. Net interest settlements and accruals on fair value hedges are excluded from the assessment of hedge effectiveness and are reported in Interest expense. The cash flows associated with fair value hedges are reported in Net cash provided by/(used in) operating activities on our statement of cash flows. | ||||||||||||||||||||||||||||||||||||
Hedge ineffectiveness is the difference between the change in fair value of the derivative instrument and the change in fair value of the hedged item attributable to changes in the benchmark interest rate. Ineffectiveness is recorded directly to income. | ||||||||||||||||||||||||||||||||||||
When a fair value hedge is de-designated, or when the derivative is terminated before maturity, the fair value adjustment to the hedged debt continues to be reported as part of the carrying value of the debt and is amortized over its remaining life. | ||||||||||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments. Our Automotive sector reports changes in the fair value of derivatives not designated as hedging instruments through Automotive cost of sales. Cash flows associated with non-designated or de-designated derivatives are reported in Net cash provided by/(used in) investing activities on our statements of cash flows. | ||||||||||||||||||||||||||||||||||||
Our Financial Services sector reports net interest settlements and accruals and changes in the fair value of interest rate swaps not designated as hedging instruments in Financial Services other income/(loss) net. Foreign currency revaluation on accrued interest along with gains and losses on foreign exchange contracts and cross currency interest rate swaps are reported in Financial Services other income/(loss) net. Cash flows associated with non-designated or de-designated derivatives are reported in Net cash provided by/(used in) investing activities on our statements of cash flows. | ||||||||||||||||||||||||||||||||||||
Normal Purchases and Normal Sales Classification. We have elected to apply the normal purchases and normal sales classification for physical supply contracts that are entered into for the purpose of procuring commodities to be used in production over a reasonable period in the normal course of our business. | ||||||||||||||||||||||||||||||||||||
NOTE 16. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) | ||||||||||||||||||||||||||||||||||||
Income Effect of Derivative Financial Instruments | ||||||||||||||||||||||||||||||||||||
The following table summarizes by hedge designation the pre-tax gains/(losses) recorded in Other comprehensive income/(loss) (“OCI”), reclassified from Accumulated other comprehensive income/(loss) (“AOCI”) to income and/or recognized directly in income for the years ended December 31 (in millions): | ||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
Gains/(Losses) Recorded | Gains/(Losses) | Gains/(Losses) Recognized | Gains/(Losses) Recorded | Gains/(Losses) | Gains/(Losses) Recognized | Gains/(Losses) Recorded | Gains/(Losses) | Gains/(Losses) Recognized | ||||||||||||||||||||||||||||
in OCI | Reclassified | in Income | in OCI | Reclassified | in Income | in OCI | Reclassified | in Income | ||||||||||||||||||||||||||||
from AOCI | from AOCI | from AOCI | ||||||||||||||||||||||||||||||||||
to Income | to Income | to Income | ||||||||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||||||
Cash flow hedges | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | 317 | $ | (80 | ) | $ | (3 | ) | $ | (371 | ) | $ | (377 | ) | $ | 1 | $ | (100 | ) | $ | 119 | $ | (3 | ) | ||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | (26 | ) | $ | (138 | ) | $ | 20 | ||||||||||||||||||||||||||||
Commodity contracts | (84 | ) | (65 | ) | (423 | ) | ||||||||||||||||||||||||||||||
Other – warrants | — | (4 | ) | (1 | ) | |||||||||||||||||||||||||||||||
Total | $ | (110 | ) | $ | (207 | ) | $ | (404 | ) | |||||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||||||
Fair value hedges | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||
Net interest settlements and accruals excluded from the assessment of hedge effectiveness | $ | 254 | $ | 177 | $ | 217 | ||||||||||||||||||||||||||||||
Ineffectiveness (a) | (44 | ) | 16 | (30 | ) | |||||||||||||||||||||||||||||||
Total | $ | 210 | $ | 193 | $ | 187 | ||||||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | (33 | ) | $ | (14 | ) | $ | (5 | ) | |||||||||||||||||||||||||||
Foreign currency exchange contracts | 21 | (70 | ) | (48 | ) | |||||||||||||||||||||||||||||||
Cross-currency interest rate swap contracts | (88 | ) | (150 | ) | (3 | ) | ||||||||||||||||||||||||||||||
Other (b) | — | (81 | ) | 65 | ||||||||||||||||||||||||||||||||
Total | $ | (100 | ) | $ | (315 | ) | $ | 9 | ||||||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||||||||||
(a) | For 2013, 2012, and 2011, hedge ineffectiveness reflects change in fair value on derivatives of $658 million loss, $228 million gain, and $433 million gain, respectively, and change in value on hedged debt attributable to the change in benchmark interest rate of $614 million gain, $212 million loss, and $463 million loss, respectively. | |||||||||||||||||||||||||||||||||||
(b) | Reflects gains/(losses) for derivative features included in the FUEL Notes (see Note 4). | |||||||||||||||||||||||||||||||||||
NOTE 16. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) | ||||||||||||||||||||||||||||||||||||
Balance Sheet Effect of Derivative Financial Instruments | ||||||||||||||||||||||||||||||||||||
The following table summarizes the notional amount and estimated fair value of our derivative financial instruments (in millions): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Notional | Fair Value of | Fair Value of | Notional | Fair Value of | Fair Value of | |||||||||||||||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | |||||||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||||||
Cash flow hedges | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | 16,238 | $ | 413 | $ | 189 | $ | 17,663 | $ | 150 | $ | 357 | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 11,599 | 144 | 210 | 9,225 | 68 | 129 | ||||||||||||||||||||||||||||||
Commodity contracts | 3,006 | 23 | 19 | 1,854 | 23 | 124 | ||||||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | 14,605 | 167 | 229 | 11,079 | 91 | 253 | ||||||||||||||||||||||||||||||
Total Automotive sector derivative financial instruments | $ | 30,843 | $ | 580 | $ | 418 | $ | 28,742 | $ | 241 | $ | 610 | ||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||||||
Fair value hedges | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | 18,778 | $ | 360 | $ | 179 | $ | 16,754 | $ | 787 | $ | 8 | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | 69,863 | 224 | 126 | 68,919 | 504 | 248 | ||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 2,410 | 1 | 25 | 2,378 | 9 | 8 | ||||||||||||||||||||||||||||||
Cross-currency interest rate swap contracts | 2,620 | — | 176 | 3,006 | — | 117 | ||||||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | 74,893 | 225 | 327 | 74,303 | 513 | 373 | ||||||||||||||||||||||||||||||
Total Financial Services sector derivative financial instruments | $ | 93,671 | $ | 585 | $ | 506 | $ | 91,057 | $ | 1,300 | $ | 381 | ||||||||||||||||||||||||
Notional amounts are presented on a gross basis. The notional amounts of the derivative financial instruments do not represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates, foreign currency exchange rates, or commodity volumes and prices. | ||||||||||||||||||||||||||||||||||||
On our consolidated balance sheet, derivative assets are reported in Other assets for Automotive and Financial Services sectors, and derivative liabilities are reported in Payables for our Automotive sector and in Other liabilities and deferred revenue for our Financial Services sector. | ||||||||||||||||||||||||||||||||||||
NOTE 16. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) | ||||||||||||||||||||||||||||||||||||
Counterparty Risk and Collateral | ||||||||||||||||||||||||||||||||||||
The use of derivatives exposes us to the risk that a counterparty may default on a derivative contract. We establish exposure limits for each counterparty to minimize this risk and provide counterparty diversification. Substantially all of our derivative exposures are with counterparties that have an investment grade rating. The aggregate fair value of our derivative instruments in asset positions on December 31, 2013 was $1.2 billion, representing the maximum loss that we would recognize at that date if all counterparties failed to perform as contracted. We enter into master agreements with counterparties that may allow for netting of exposures in the event of default or termination of the counterparty agreement due to breach of contract. | ||||||||||||||||||||||||||||||||||||
The gross and net amounts of derivative assets and liabilities were as follows (in millions): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||
Fair Value of Assets | Fair Value of Liabilities | Fair Value of Assets | Fair Value of Liabilities | |||||||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||||||
Gross derivative amounts recognized in balance sheet | $ | 580 | $ | 418 | $ | 241 | $ | 610 | ||||||||||||||||||||||||||||
Gross derivative amounts not offset in the balance sheet that are eligible for offsetting | (359 | ) | (359 | ) | (218 | ) | (218 | ) | ||||||||||||||||||||||||||||
Net amount | $ | 221 | $ | 59 | $ | 23 | $ | 392 | ||||||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||||||
Gross derivative amounts recognized in balance sheet | $ | 585 | $ | 506 | $ | 1,300 | $ | 381 | ||||||||||||||||||||||||||||
Gross derivative amounts not offset in the balance sheet that are eligible for offsetting | (296 | ) | (296 | ) | (222 | ) | (222 | ) | ||||||||||||||||||||||||||||
Net amount | $ | 289 | $ | 210 | $ | 1,078 | $ | 159 | ||||||||||||||||||||||||||||
We may receive or pledge cash collateral with certain counterparties based on our net position with regard to foreign currency and commodity derivative contracts, which is reported in Other Assets or Payables on our consolidated balance sheet. As of December 31, 2013 and 2012, we did not receive or pledge any cash collateral. | ||||||||||||||||||||||||||||||||||||
We include an adjustment for non-performance risk in the measurement of fair value of derivative instruments. Our adjustment for non-performance risk is relative to a measure based on an unadjusted inter-bank deposit rate (e.g., LIBOR). For our Automotive sector, at December 31, 2013 and 2012, our adjustment decreased derivative assets by $1 million and $1 million, respectively, and decreased derivative liabilities by $1 million and $1 million, respectively. For our Financial Services sector, at December 31, 2013 and 2012, our adjustment increased derivative assets by $2 million and decreased derivative assets by $14 million, respectively, and decreased derivative liabilities by $25 million and $5 million, respectively. See Note 4 for more detail on valuation methodologies. |
Redeemable_Noncontrolling_Inte
Redeemable Noncontrolling Interest | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Redeemable Noncontrolling Interests [Abstract] | ' | |||||||
Noncontrolling Interest Disclosure [Text Block] | ' | |||||||
REDEEMABLE NONCONTROLLING INTEREST | ||||||||
AutoAlliance International, Inc. (“AAI”) is a 50/50 joint venture between Ford and Mazda Motor Corporation (“Mazda”) that operates an automobile assembly plant in Flat Rock, Michigan. On September 1, 2012, we granted to Mazda a put option to sell and received a call option to purchase from Mazda the 50% equity interest in AAI that is held by Mazda (“the Option”). The Option is exercisable at a price of $339 million and is recorded as a redeemable noncontrolling interest in the mezzanine section of our balance sheet. Mazda’s share in AAI is redeemable by Ford or Mazda for a three-year period commencing on September 1, 2015. The following table summarizes the change in our redeemable noncontrolling interest for the years ended December 31 (in millions): | ||||||||
2013 | 2012 | |||||||
Beginning balance (a) | $ | 322 | $ | 319 | ||||
Accretion to the redemption value of noncontrolling interest (recognized in Interest expense) | 9 | 3 | ||||||
Ending balance | $ | 331 | $ | 322 | ||||
__________ | ||||||||
(a) The 2012 beginning balance reflects the fair value of redeemable noncontrolling interest at September 1, 2012, the date of the AAI consolidation. See Note 23 for additional information. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income/(Loss) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) | ' | |||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) | ||||||||||||
The following table summarizes the changes in the accumulated balances for each component of AOCI attributable to Ford Motor Company for the years ended December 31 (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Foreign currency translation | ||||||||||||
Beginning balance | $ | (1,241 | ) | $ | (1,383 | ) | $ | (665 | ) | |||
Net gains/(losses) on foreign currency translation (net of tax benefit of $53 and tax of $0 and $2) | (617 | ) | 157 | (697 | ) | |||||||
Reclassifications to net income (a) | 111 | (15 | ) | (21 | ) | |||||||
Other comprehensive income/(loss), net of tax (b) | (506 | ) | 142 | (718 | ) | |||||||
Ending balance | $ | (1,747 | ) | $ | (1,241 | ) | $ | (1,383 | ) | |||
Derivative instruments (c) | ||||||||||||
Beginning balance | $ | (175 | ) | $ | (181 | ) | $ | (29 | ) | |||
Net gains/(losses) on derivative instruments (net of tax of $141 and tax benefit of $115 and $29) | 176 | (256 | ) | (71 | ) | |||||||
Reclassifications to net income (net of tax of $41 and $115 and tax benefit of $38) (d) | 39 | 262 | (81 | ) | ||||||||
Other comprehensive income/(loss), net of tax | 215 | 6 | (152 | ) | ||||||||
Ending balance | $ | 40 | $ | (175 | ) | $ | (181 | ) | ||||
Pension and other postretirement benefits | ||||||||||||
Beginning balance | $ | (21,438 | ) | $ | (17,170 | ) | $ | (13,617 | ) | |||
Prior service cost arising during the period (net of tax of $0 and tax benefit of $1 and $35) | 2 | (31 | ) | 56 | ||||||||
Net gains/(losses) arising during the period (net of tax of $1,883 and tax benefit of $2,238 | 3,521 | (4,693 | ) | (4,229 | ) | |||||||
and $1,461) | ||||||||||||
Amortization of prior service costs/(credits) included in net income (net of tax benefit of $21, $100, and $183) (e) | (24 | ) | (164 | ) | (40 | ) | ||||||
Amortization of (gains)/losses included in net income (net of tax of $653, $404, and $69) (e) | 1,445 | 812 | 631 | |||||||||
Translation impact on non-U.S. plans | (30 | ) | (192 | ) | 29 | |||||||
Other comprehensive income/(loss), net of tax | 4,914 | (4,268 | ) | (3,553 | ) | |||||||
Ending balance | $ | (16,524 | ) | $ | (21,438 | ) | $ | (17,170 | ) | |||
Net holding gains/(losses) | ||||||||||||
Beginning balance | $ | — | $ | — | $ | (2 | ) | |||||
Reclassifications to net income | — | — | 2 | |||||||||
Ending balance | $ | — | $ | — | $ | — | ||||||
Total AOCI ending balance at December 31 | $ | (18,231 | ) | $ | (22,854 | ) | $ | (18,734 | ) | |||
__________ | ||||||||||||
(a) | The accumulated translation adjustments related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the entity and are recognized in Automotive interest income and other income/(loss), net or Financial Services other income/(loss), net. | |||||||||||
(b) | There were losses of $2 million attributable to noncontrolling interests in 2011. | |||||||||||
(c) We expect to reclassify existing net gains of $147 million from Accumulated other comprehensive income/(loss) to Automotive cost of sales during the next twelve months as the underlying exposures are realized. | ||||||||||||
(d) | Gains/(losses) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Automotive cost of sales. See Note 16 for additional information. | |||||||||||
(e) | These AOCI components are included in the computation of net periodic pension cost. See Note 14 for additional information. |
Other_Income_Loss
Other Income (Loss) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
OTHER INCOME/(LOSS) | ' | |||||||||||
OTHER INCOME/(LOSS) | ||||||||||||
Automotive Sector | ||||||||||||
The following table summarizes amounts included in Automotive interest income and other income/(loss), net for the years ended December 31 (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest income | $ | 163 | $ | 272 | $ | 387 | ||||||
Realized and unrealized gains/(losses) on cash equivalents and marketable securities | 190 | 85 | (77 | ) | ||||||||
Gains/(Losses) on changes in investments in affiliates | (113 | ) | 594 | 436 | ||||||||
Gains/(Losses) on extinguishment of debt | (18 | ) | — | (60 | ) | |||||||
Royalty income | 577 | 414 | 266 | |||||||||
Other | 175 | 234 | 139 | |||||||||
Total | $ | 974 | $ | 1,599 | $ | 1,091 | ||||||
Financial Services Sector | ||||||||||||
The following table summarizes amounts included in Financial Services other income/(loss), net for the years ended December 31 (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest income (investment-related) | $ | 50 | $ | 70 | $ | 84 | ||||||
Realized and unrealized gains/(losses) on cash equivalents and marketable securities | — | 16 | 15 | |||||||||
Gains/(Losses) on changes in investments in affiliates | 5 | (8 | ) | 51 | ||||||||
Gains/(Losses) on extinguishment of debt | (1 | ) | (14 | ) | (68 | ) | ||||||
Insurance premiums earned | 119 | 105 | 100 | |||||||||
Other | 175 | 196 | 193 | |||||||||
Total | $ | 348 | $ | 365 | $ | 375 | ||||||
ShareBased_Compensation
Share-Based Compensation | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||||||||
SHARE-BASED COMPENSATION | ||||||||||||||||
At December 31, 2013, a variety of share-based compensation grants and awards were outstanding for employees (including officers). All share-based compensation plans are approved by the shareholders. | ||||||||||||||||
We have share-based compensation outstanding under two Long-Term Incentive Plans (“LTIP”): the 1998 LTIP and the 2008 LTIP. No further grants may be made under the 1998 LTIP. All outstanding share-based compensation under the 1998 LTIP continues to be governed by the terms and conditions of the existing agreements for those grants. Grants may continue to be made under the 2008 LTIP through April 2018. Under the 2008 LTIP, the number of shares of Common Stock that may be granted as share-based compensation in any year is limited to 2% of our issued and outstanding Common Stock as of December 31 of the prior calendar year. Any unused portion is available for later years. The limit may be increased up to 3% in any year, with a corresponding reduction in shares available for grants in future years. At December 31, 2013 the number of unused shares carried forward was 217 million shares. | ||||||||||||||||
We primarily issue two types of share-based compensation awards: restricted stock units (“RSUs”) and stock options. | ||||||||||||||||
We grant time-based and performance-based RSUs to our employees. RSUs provide the recipients with the right to shares of Common Stock after a restriction period. We measure the fair value using the closing price of our Common Stock on grant date. | ||||||||||||||||
Time-based RSUs generally have a graded vesting feature whereby one-third of each grant of RSUs vests after the first anniversary of the grant date, one-third after the second anniversary, and one-third after the third anniversary. Performance-based RSUs have a performance period (usually one year) followed by a restriction period (usually two years). | ||||||||||||||||
NOTE 20. SHARE-BASED COMPENSATION (Continued) | ||||||||||||||||
We also grant stock options to our employees. We measure the fair value of our stock options using the Black-Scholes option-pricing model, using historical volatility and our determination of the expected term. The expected term of stock options is the time period that the stock options are expected to be outstanding. Historical data are used to estimate option exercise behaviors and employee termination experience. | ||||||||||||||||
Stock options generally have a vesting feature whereby one-third of each grant of stock options are exercisable after the first anniversary of the grant date, one-third after the second anniversary, and one-third after the third anniversary. Stock options expire 10 years from the grant date. | ||||||||||||||||
Expense for RSUs and stock options is recorded in Selling, administrative, and other expense and is based on the fair value at grant date. RSU and stock option expense is recognized using the graded vesting method over the shorter of the vesting period or the time period an employee becomes eligible to retain the award at retirement. Performance-based RSU expense is recognized when it is probable and estimable as measured against the performance metrics over the performance and restriction periods, if any. | ||||||||||||||||
We measure the intrinsic value of RSUs and stock options by comparing the award price to the closing stock price at December 31. | ||||||||||||||||
We issue new shares of Common Stock upon vesting of RSUs and upon exercise of stock options. | ||||||||||||||||
Restricted Stock Units | ||||||||||||||||
RSU activity during 2013 was as follows (in millions, except for weighted average grant-date fair value): | ||||||||||||||||
Shares | Weighted- | Aggregate | ||||||||||||||
Average Grant- | Intrinsic Value | |||||||||||||||
Date Fair Value | ||||||||||||||||
Outstanding, beginning of year | 18.2 | $ | 13.18 | |||||||||||||
Granted | 10.8 | 12.77 | ||||||||||||||
Vested | (7.7 | ) | 13.11 | |||||||||||||
Forfeited | (1.0 | ) | 12.52 | |||||||||||||
Outstanding, end of year | 20.3 | 13.11 | $ | 313 | ||||||||||||
RSU-stock expected to vest | 20 | N/A | 309 | |||||||||||||
The fair value and intrinsic value of RSUs was as follows (in millions, except RSU per unit amounts): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Fair value | ||||||||||||||||
Granted | $ | 138 | $ | 102 | $ | 123 | ||||||||||
Weighted average for multiple grant dates (per unit) | 12.77 | 12.43 | 14.47 | |||||||||||||
Vested | 101 | 109 | 141 | |||||||||||||
Intrinsic value | ||||||||||||||||
Vested | $ | 119 | $ | 329 | $ | 478 | ||||||||||
Compensation cost for RSUs for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Compensation cost (a) | $ | 81 | $ | 62 | $ | 84 | ||||||||||
__________ | ||||||||||||||||
(a) | Net of tax benefit of $48 million, $36 million, and $49 million in 2013, 2012, and 2011, respectively. | |||||||||||||||
As of December 31, 2013, there was approximately $58 million in unrecognized compensation cost related to non-vested RSUs. This expense will be recognized over a weighted average period of 1.8 years. | ||||||||||||||||
NOTE 20. SHARE-BASED COMPENSATION (Continued) | ||||||||||||||||
Stock Options | ||||||||||||||||
Stock option activity was as follows (in millions, except for weighted average exercise price): | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Shares | Weighted- | Shares | Weighted- | |||||||||||||
Average | Average | |||||||||||||||
Exercise | Exercise | |||||||||||||||
Price | Price | |||||||||||||||
Outstanding, beginning of year | 108 | $ | 9.14 | 144.4 | $ | 10.63 | ||||||||||
Granted | 5.9 | 12.76 | 6.4 | 12.43 | ||||||||||||
Exercised (a) | (33.1 | ) | 9.76 | (7.6 | ) | 5.7 | ||||||||||
Expired | (1.6 | ) | 8.26 | (35.2 | ) | 16.59 | ||||||||||
Forfeited | (0.1 | ) | 12.8 | — | — | |||||||||||
Outstanding, end of year | 79.1 | 9.17 | 108 | 9.14 | ||||||||||||
Exercisable, end of year | 67.6 | 8.53 | 96.5 | 8.67 | ||||||||||||
__________ | ||||||||||||||||
(a) | Exercised at option prices ranging from $1.96 to $16.49 during 2013 and option prices ranging from $1.96 to $12.49 during 2012. | |||||||||||||||
The total grant date fair value of options that vested during the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Fair value of vested options | $ | 41 | $ | 37 | $ | 36 | ||||||||||
We have 67.6 million fully-vested stock options, with a weighted-average exercise price of $8.53 and average remaining term of 3.6 years. We expect 11.3 million stock options (after forfeitures), with a weighted-average exercise price of $12.89 and average remaining term of 8.6 years, to vest in the future. The intrinsic value for vested and unvested options was $466 million and $28 million, respectively, for the year ended December 31, 2013. | ||||||||||||||||
We received approximately $323 million in proceeds from the exercise of stock options in 2013. The tax benefit realized was $11 million. An equivalent of about $511 million in new issues were used to settle exercised options. For options exercised during the years ended December 31, 2013, 2012, and 2011, the difference between the fair value of the Common Stock issued and the respective exercise price was $188 million, $44 million, and $54 million, respectively. | ||||||||||||||||
Compensation cost for stock options for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Compensation cost (a) | $ | 18 | $ | 26 | $ | 30 | ||||||||||
__________ | ||||||||||||||||
(a) | Net of tax benefit of $11 million, $16 million, and $17 million in 2013, 2012, and 2011, respectively. | |||||||||||||||
As of December 31, 2013, there was about $10 million in unrecognized compensation cost related to non-vested stock options. This expense will be recognized over a weighted-average period of 1.7 years. A summary of the status of our non-vested shares and changes during 2013 follows (in millions, except for weighted average grant-date fair value): | ||||||||||||||||
Shares | Weighted- | |||||||||||||||
Average Grant- | ||||||||||||||||
Date Fair Value | ||||||||||||||||
Non-vested, beginning of year | 11.5 | $ | 6.79 | |||||||||||||
Granted | 5.9 | 5.03 | ||||||||||||||
Vested | (5.8 | ) | 7.04 | |||||||||||||
Forfeited | (0.1 | ) | 5.3 | |||||||||||||
Non-vested, end of year | 11.5 | 5.78 | ||||||||||||||
NOTE 20. SHARE-BASED COMPENSATION (Continued) | ||||||||||||||||
The estimated fair value of stock options at the time of grant using the Black-Scholes option-pricing model was as follows: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Fair value per stock option | $ | 5.03 | $ | 5.88 | $ | 8.48 | ||||||||||
Assumptions: | ||||||||||||||||
Annualized dividend yield | 3 | % | 2 | % | — | % | ||||||||||
Expected volatility | 52.2 | % | 53.8 | % | 53.2 | % | ||||||||||
Risk-free interest rate | 1.5 | % | 1.6 | % | 3.2 | % | ||||||||||
Expected stock option term (in years) | 7.7 | 7.2 | 7.1 | |||||||||||||
Details on various stock option exercise price ranges as of December 31, 2013 were as follows (shares in millions): | ||||||||||||||||
Outstanding Options | Exercisable Options | |||||||||||||||
Range of Exercise Prices | Shares | Weighted- | Weighted- | Shares | Weighted- | |||||||||||
Average Life | Average | Average | ||||||||||||||
(years) | Exercise | Exercise | ||||||||||||||
Price | Price | |||||||||||||||
$1.96 – $2.84 | 15.5 | 5.2 | $ | 2.16 | 15.5 | $ | 2.16 | |||||||||
$5.11 – $8.58 | 23.2 | 3.1 | 7.29 | 23.2 | 7.29 | |||||||||||
$10.11 – $12.98 | 29.1 | 5.3 | 12.58 | 19.1 | 12.56 | |||||||||||
$13.07 – $16.64 | 11.3 | 2.8 | 13.86 | 9.8 | 13.71 | |||||||||||
Total stock options | 79.1 | 67.6 | ||||||||||||||
Employee_Separation_Actions_an
Employee Separation Actions and Exit and Disposal Activities | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Employee Separation Actions and Exit and Disposal Activities [Abstract] | ' | |||
Employee Separation Actions and Exit and Disposal Activities [Text Block] | ' | |||
EMPLOYEE SEPARATION ACTIONS AND EXIT AND DISPOSAL ACTIVITIES | ||||
We record costs associated with voluntary separations at the time of employee acceptance, unless the acceptance requires explicit approval by the Company. We record costs associated with involuntary separation programs when management has approved the plan for separation, the affected employees are identified, and it is unlikely that actions required to complete the separation plan will change significantly. When a plan of separation requires approval by or consultation with the relevant labor organization or government, the costs are recorded after the required approval or consultation process is complete. Costs associated with benefits that are contingent on the employee continuing to provide service are accrued over the required service period. | ||||
Additionally, under certain labor agreements, we are required to pay transitional benefits to our employees who are idled. For employees who will be temporarily idled, we expense the benefits on an as-incurred basis. For employees who will be permanently idled, we expense all of the future benefits payments in the period when it is probable that the employees will be permanently idled. Our reserve balance for these future benefit payments to permanently idled employees takes into account several factors: the demographics of the population at each affected facility, redeployment alternatives, estimate of benefits to be paid, and recent experience relative to voluntary redeployments. | ||||
Automotive Sector | ||||
Business Restructuring - Europe | ||||
In October 2012, we committed to commence a transformation plan for our Europe operations. As part of this plan, we closed two manufacturing facilities in the United Kingdom in 2013 and are in the process of closing our assembly plant in Genk, Belgium at the end of 2014. The Genk closure was subject to an information and consultation process with employee representatives, which was completed in June 2013. | ||||
NOTE 21. EMPLOYEE SEPARATION ACTIONS AND EXIT AND DISPOSAL ACTIVITIES (Continued) | ||||
Separation-related costs, recorded in Automotive cost of sales and Selling, administrative and other expenses, include both the costs associated with voluntary separation programs in the United Kingdom and involuntary employee actions at Genk, as well as payments to suppliers. The following table summarizes the separation-related activity (excluding $180 million of pension-related costs discussed in Note 14) recorded in Other liabilities and deferred revenue, for the year ended December 31 (in millions): | ||||
2013 | ||||
Beginning balance | $ | — | ||
Changes in accruals | 607 | |||
Payments | (131 | ) | ||
Foreign Currency translation | 21 | |||
Ending balance | $ | 497 | ||
Our current estimate of total separation-related costs for the U.K. and Genk facilities is approximately $1 billion, excluding approximately $200 million of pension-related costs. The separation related costs not yet recorded will be expensed as the employees and suppliers continue to support Genk plant operations. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
INCOME TAXES | ' | |||||||||||
INCOME TAXES | ||||||||||||
In accordance with GAAP, we have elected to recognize accrued interest related to unrecognized tax benefits and tax-related penalties in the Provision for/(Benefit from) income taxes on our consolidated income statement. | ||||||||||||
Valuation of Deferred Tax Assets and Liabilities | ||||||||||||
Deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences that exist between the financial statement carrying value of assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards on a taxing jurisdiction basis. We measure deferred tax assets and liabilities using enacted tax rates that will apply in the years in which we expect the temporary differences to be recovered or paid. | ||||||||||||
Our accounting for deferred tax consequences represents our best estimate of the likely future tax consequences of events that have been recognized on our financial statements or tax returns and their future probability. In assessing the need for a valuation allowance, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets. If, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be realized, we record a valuation allowance. | ||||||||||||
NOTE 22. INCOME TAXES (Continued) | ||||||||||||
Components of Income Taxes | ||||||||||||
Components of income taxes excluding discontinued operations, cumulative effects of changes in accounting principles, other comprehensive income, and equity in net results of affiliated companies accounted for after-tax, were as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Income before income taxes, excluding equity in net results of affiliated companies accounted for after-tax (in millions) | ||||||||||||
U.S. | $ | 6,523 | $ | 6,639 | $ | 6,043 | ||||||
Non-U.S. | (591 | ) | 493 | 2,138 | ||||||||
Total | $ | 5,932 | $ | 7,132 | $ | 8,181 | ||||||
Provision for/(Benefit from) income taxes (in millions) | ||||||||||||
Current | ||||||||||||
Federal | $ | (19 | ) | $ | 4 | $ | (4 | ) | ||||
Non-U.S. | 302 | 270 | 298 | |||||||||
State and local | (40 | ) | 3 | (24 | ) | |||||||
Total current | 243 | 277 | 270 | |||||||||
Deferred | ||||||||||||
Federal | (200 | ) | 2,076 | (9,785 | ) | |||||||
Non-U.S. | 321 | (126 | ) | (1,590 | ) | |||||||
State and local | (511 | ) | (171 | ) | (436 | ) | ||||||
Total deferred | (390 | ) | 1,779 | (11,811 | ) | |||||||
Total | $ | (147 | ) | $ | 2,056 | $ | (11,541 | ) | ||||
Reconciliation of effective tax rate | ||||||||||||
U.S. statutory rate | 35 | % | 35 | % | 35 | % | ||||||
Non-U.S. tax rates under U.S. rates | (1.5 | ) | (1.6 | ) | (1.5 | ) | ||||||
State and local income taxes | 1 | 0.2 | 1.1 | |||||||||
General business credits | (5.9 | ) | 0.3 | (1.9 | ) | |||||||
Dispositions and restructurings | (26.0 | ) | (1.7 | ) | 6.8 | |||||||
U.S. tax on non-U.S. earnings | (2.0 | ) | (1.0 | ) | (0.8 | ) | ||||||
Prior year settlements and claims | (0.2 | ) | (1.8 | ) | (0.2 | ) | ||||||
Tax-related interest | (0.2 | ) | — | (0.9 | ) | |||||||
Tax-exempt income | (5.9 | ) | (3.9 | ) | (3.9 | ) | ||||||
Enacted change in tax rates | 3 | 1.7 | (0.1 | ) | ||||||||
Valuation allowances | (0.8 | ) | 1.6 | (172.3 | ) | |||||||
Other | 1 | — | (2.4 | ) | ||||||||
Effective rate | (2.5 | )% | 28.8 | % | (141.1 | )% | ||||||
Included in “Dispositions and restructurings” is the recognition of deferred tax assets for investments in our European operations. Under GAAP, we do not recognize deferred tax assets related to stock investment in affiliates until it becomes apparent they will be realized in the foreseeable future. In the fourth quarter of 2013, we restructured certain of our European affiliates. We have made tax elections to include the operating results of these affiliates in our U.S. tax returns. As a result, we anticipate the realization of tax benefits related to stock investments in these European affiliates and have recorded deferred tax assets of $1.5 billion. | ||||||||||||
The American Taxpayer Relief Act of 2012 reinstated the U.S. federal research and development tax credit and U.S. tax deferral of certain foreign source income, retroactive to January 1, 2012. As a result, the tax provision for the period ended December 31, 2013 reflects a $233 million tax benefit related to the retroactive provisions of the Act. | ||||||||||||
NOTE 22. INCOME TAXES (Continued) | ||||||||||||
We historically have provided deferred taxes for the presumed repatriation to the United States of earnings from nearly all non-U.S. subsidiaries. During 2011, we determined that $6.9 billion of these non-U.S. subsidiaries’ undistributed earnings are now indefinitely reinvested outside the United States. As management has determined that the earnings of these subsidiaries are not required as a source of funding for U.S. operations, such earnings are not planned to be distributed to the United States in the foreseeable future. As a result of this change in assertion, deferred tax liabilities related to undistributed foreign earnings decreased by $63 million. | ||||||||||||
As of December 31, 2013, $7.5 billion of non-U.S. earnings are considered indefinitely reinvested in operations outside the United States, for which deferred taxes have not been provided. These earnings have been subject to significant non-U.S. taxes; repatriation in their entirety would result in a residual U.S. tax liability of about $1 billion. | ||||||||||||
At the end of 2011, our U.S. operations had returned to a position of cumulative profits for the most recent 3-year period. We concluded that this record of cumulative profitability in recent years, our ten consecutive quarters of pre-tax operating profits, our successful completion of labor negotiations with the UAW, and our business plan showing continued profitability provided assurance that our future tax benefits more likely than not would be realized. Accordingly, at year-end 2011, we released almost all of our valuation allowance against net deferred tax assets for entities in the United States, Canada, and Spain. | ||||||||||||
Components of Deferred Tax Assets and Liabilities | ||||||||||||
The components of deferred tax assets and liabilities were as follows (in millions): | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets | ||||||||||||
Employee benefit plans | $ | 4,907 | $ | 8,079 | ||||||||
Net operating loss carryforwards | 2,364 | 2,417 | ||||||||||
Tax credit carryforwards | 5,675 | 4,973 | ||||||||||
Research expenditures | 2,236 | 2,321 | ||||||||||
Dealer and dealers’ customer allowances and claims | 2,106 | 1,820 | ||||||||||
Other foreign deferred tax assets | 1,567 | 1,790 | ||||||||||
Allowance for credit losses | 143 | 146 | ||||||||||
All other | 2,736 | 1,176 | ||||||||||
Total gross deferred tax assets | 21,734 | 22,722 | ||||||||||
Less: valuation allowances | (1,633 | ) | (1,923 | ) | ||||||||
Total net deferred tax assets | 20,101 | 20,799 | ||||||||||
Deferred tax liabilities | ||||||||||||
Leasing transactions | 1,138 | 1,145 | ||||||||||
Deferred income | 2,075 | 2,094 | ||||||||||
Depreciation and amortization (excluding leasing transactions) | 2,430 | 1,561 | ||||||||||
Finance receivables | 723 | 616 | ||||||||||
Other foreign deferred tax liabilities | 311 | 379 | ||||||||||
All other | 707 | 289 | ||||||||||
Total deferred tax liabilities | 7,384 | 6,084 | ||||||||||
Net deferred tax assets/(liabilities) | $ | 12,717 | $ | 14,715 | ||||||||
At December 31, 2013, we have a valuation allowance of $1.6 billion primarily for deferred tax assets related to our South America operations. | ||||||||||||
Operating loss carryforwards for tax purposes were $7.6 billion at December 31, 2013, resulting in a deferred tax asset of $2.4 billion. There is no expiration date for $4.2 billion of these losses. The remaining losses begin to expire in 2016, though a substantial portion expire beyond 2020. Tax credits available to offset future tax liabilities are $5.7 billion. A substantial portion of these credits have a remaining carryforward period of 10 years or more. Tax benefits of operating loss and tax credit carryforwards are evaluated on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and other circumstances. | ||||||||||||
NOTE 22. INCOME TAXES (Continued) | ||||||||||||
Other | ||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years listed (in millions): | ||||||||||||
2013 | 2012 | |||||||||||
Beginning balance | $ | 1,547 | $ | 1,721 | ||||||||
Increase – tax positions in prior periods | 128 | 84 | ||||||||||
Increase – tax positions in current period | 45 | 19 | ||||||||||
Decrease – tax positions in prior periods | (24 | ) | (246 | ) | ||||||||
Settlements | (79 | ) | (31 | ) | ||||||||
Lapse of statute of limitations | (54 | ) | (14 | ) | ||||||||
Foreign currency translation adjustment | 1 | 14 | ||||||||||
Ending balance | $ | 1,564 | $ | 1,547 | ||||||||
The amount of unrecognized tax benefits at December 31, 2013 and 2012 that would affect the effective tax rate if recognized was $1.2 billion and $1.2 billion, respectively. | ||||||||||||
Examinations by tax authorities have been completed through 2004 in Germany, and through 2007 in Canada, the United States, and the United Kingdom. Although examinations have been completed in these jurisdictions, limited transfer pricing disputes exist for years dating back to 1996. | ||||||||||||
We recorded on our consolidated income statement approximately $11 million, $9 million, and $77 million in tax-related interest income for the years ended December 31, 2013, 2012, and 2011. As of December 31, 2013 and 2012, we had recorded a net payable of $83 million and $137 million, respectively, for tax-related interest. |
Dispositions_Other_Changes_in_
Dispositions, Other Changes in Investments in Affiliates, and Assets Held For Sale | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Dispositions, Changes in Investments in Affiliates, and Assets Held for Sale [Abstract] | ' | |||
Dispositions, Other Changes in Investments in Affiliates, and Assets Held for Sale | ' | |||
DISPOSITIONS, CHANGES IN INVESTMENTS IN AFFILIATES, AND ASSETS HELD FOR SALE | ||||
We classify assets and liabilities as held for sale (“disposal group”) when management, having the authority to approve the action, commits to a plan to sell the disposal group, the sale is probable within one year, and the disposal group is available for immediate sale in its present condition. We also consider whether an active program to locate a buyer has been initiated, whether the disposal group is marketed actively for sale at a price that is reasonable in relation to its current fair value, and whether actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. We classify a disposal group as a discontinued operation when the criteria to be classified as held for sale have been met and we will not have any significant involvement with the disposal group after the sale. | ||||
When we classify a disposal group as held for sale, we test for impairment. An impairment charge is recognized when the carrying value of the disposal group exceeds the estimated fair value, less transaction costs. We also cease depreciation for assets classified as held for sale. | ||||
We aggregate the assets and liabilities of all held-for-sale disposal groups on the balance sheet for the period in which the disposal group is held for sale. To provide comparative balance sheets, we also aggregate the assets and liabilities for significant held-for-sale disposal groups on the prior-period balance sheet. | ||||
Automotive Sector | ||||
Dispositions | ||||
Automotive Components Holdings, LLC (“ACH”). During the second quarter of 2012, ACH completed the sales of its automotive interior trim components business and automotive lighting business resulting in pre-tax losses of $96 million and $77 million, respectively, reported in Automotive interest income and other income/(loss), net, and contractual obligations of $182 million and $15 million, respectively, associated with the pricing of products to be purchased over the term of the related purchase and supply agreements. | ||||
NOTE 23. DISPOSITIONS, CHANGES IN INVESTMENTS IN AFFILIATES, AND ASSETS HELD FOR SALE (Continued) | ||||
Changes in Investments in Affiliates | ||||
JMC. During the fourth quarter of 2013, we completed the acquisition of an additional 2% stake in JMC, a publicly-traded company in China that assembles Ford and non-Ford vehicles for distribution in China and other export markets. As a result, we recorded a $48 million increase in Equity in net assets of affiliated companies. | ||||
Liquidation of a Foreign Subsidiary. During the third quarter of 2013, we completed the liquidation of a foreign subsidiary holding company, Ford LRH, and, as a result, reclassified a foreign currency translation loss of $103 million related to the investment from Accumulated other comprehensive income/(loss) to Automotive interest income and other income/(loss), net. | ||||
Ford Romania. Effective January 1, 2013, the Romanian government ceded control and participation in our operations in Romania. As a result of acquiring full management control, we consolidated Ford Romania under the acquisition method of accounting. Prior to consolidation, our ownership in Ford Romania had been reflected at 100% under the equity method of accounting. | ||||
We measured the fair value of Ford Romania using the income approach. We used cash flows that reflect our approved business plan for Ford Romania and align with assumptions a market participant would make. We assumed a discount rate of 8% based on an appropriate weighted-average cost of capital, adjusted for perceived business risks. | ||||
The fair value of 100% of Ford Romania’s identifiable net assets was $48 million as shown below (in millions): | ||||
January 1, | ||||
2013 | ||||
Assets | ||||
Cash and cash equivalents | $ | 9 | ||
Receivables | 119 | |||
Inventories | 70 | |||
Net property | 927 | |||
Other assets | 112 | |||
Total assets of Ford Romania | $ | 1,237 | ||
Liabilities | ||||
Payables | $ | 232 | ||
Other liabilities | 76 | |||
Debt | 881 | |||
Total liabilities of Ford Romania | $ | 1,189 | ||
The excess of our previously recorded equity interest of $63 million over fair value of the net assets acquired resulted in a pre-tax loss of $15 million recorded in Automotive interest income and other income/(loss), net. | ||||
AAI. During the third quarter of 2012, we acquired full management control of AAI and consolidated it under the acquisition method of accounting. At September 1, 2012, the fair value of 100% of AAI’s identifiable net assets was $868 million. As part of the business combination, we recorded a redeemable noncontrolling interest at the then fair value of $319 million (see Note 17). As a result, the fair value attributable to our investment in AAI at September 1, 2012 was $549 million. The excess of this fair value over the carrying value of our previously recorded 50% unconsolidated equity interest resulted in a third quarter 2012 pre-tax gain of $155 million in Automotive interest income and other income/ (loss), net. | ||||
Changan Ford Mazda Automobile Corporation, Ltd (“CFMA”). Our Chinese joint venture, CFMA, whose members included Chongqing Changan Automobile Co., Ltd. (“Changan”) (50% partner), Mazda (15% partner) and us (35% partner), produced and distributed in China an expanding variety of Ford passenger car models, as well as Mazda and Volvo models. On November 30, 2012, CFMA transferred its Nanjing operations to Changan Mazda Automobile Ltd. (“CMA”), and CFMA was renamed CAF. Immediately after the split, Ford and Mazda fully exchanged their respective interest in the two joint ventures. As a result, Ford now owns a 50% interest in CAF and Mazda owns a 50% interest in CMA; Changan remains a 50% partner in each joint venture. CMA will continue to assemble vehicles for CAF as a contract manufacturer until 2014. | ||||
NOTE 23. DISPOSITIONS, CHANGES IN INVESTMENTS IN AFFILIATES, AND ASSETS HELD FOR SALE (Continued) | ||||
Upon the exchange, we de-recognized the historical carrying value of our equity investment in CMA of $115 million, increased our equity investment in CAF by the fair value of the interest received of $740 million, and recognized a fourth quarter 2012 pre-tax gain of $625 million in Automotive interest income and other income/(expense), net. | ||||
Ford Russia. During the second quarter of 2011, we signed an agreement with Sollers OJSC establishing FordSollers, a 50/50 joint venture in Russia. On October 1, 2011, we contributed our wholly owned operations in Russia, consisting primarily of a manufacturing plant near St. Petersburg and access to our Russian dealership network, to the joint venture in exchange for a 50% interest. As a result, we deconsolidated Ford Russia’s assets and liabilities, recorded an equity method investment in Ford Sollers at fair value, and recognized a pre-tax gain of $401 million reported in Automotive interest income and other income/(loss), net. | ||||
Financial Services Sector | ||||
Dispositions | ||||
Asia Pacific Markets. In 2011, Ford Credit recorded foreign currency translation adjustments of $60 million (including $72 million recorded in the fourth quarter of 2011) related to the strategic decision to exit retail and wholesale financing in certain Asia Pacific markets. These adjustments decreased Accumulated other comprehensive income (foreign currency translation) and increased pre-tax income, which was recorded to Financial Services other income/(loss), net. | ||||
Assets Held for Sale | ||||
Other Financial Services Segment. During April and August 2013, we executed agreements to sell certain Volvo-related retail financing receivables in tranches to a third-party financing company. We received cash proceeds of $495 million and recognized pre-tax gains of $6 million for receivables sold in 2013. The pre-tax gains are reported in Financial Services other income(loss), net. All servicing obligations were transferred to the third party upon sale of the receivables. As a consequence of the sale of receivables, we also recognized other expenses of $56 million. As of December 31, 2013, the remaining Volvo-related retail financing receivables of $3 million were considered assets held for sale as we have the intent to sell these receivables as part of future tranches under these same agreements. We determined a valuation allowance was not required, based on an analysis of the fair value of the remaining receivables. The receivables are included in Other Assets. |
Capital_Stock_and_Amounts_Per_
Capital Stock and Amounts Per Share | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||
CAPITAL STOCK AND AMOUNTS PER SHARE | ' | |||||||||||
CAPITAL STOCK AND AMOUNTS PER SHARE | ||||||||||||
All general voting power is vested in the holders of Common Stock and Class B Stock. Holders of our Common Stock have 60% of the general voting power and holders of our Class B Stock are entitled to such number of votes per share as will give them the remaining 40%. Shares of Common Stock and Class B Stock share equally in dividends when and as paid, with stock dividends payable in shares of stock of the class held. | ||||||||||||
If liquidated, each share of Common Stock will be entitled to the first $0.50 available for distribution to holders of Common Stock and Class B Stock, each share of Class B Stock will be entitled to the next $1.00 so available, each share of Common Stock will be entitled to the next $0.50 so available and each share of Common and Class B Stock will be entitled to an equal amount thereafter. | ||||||||||||
We present both basic and diluted earnings per share (“EPS”) amounts in our financial reporting. Basic EPS excludes dilution and is computed by dividing income available to Common and Class B Stock holders by the weighted-average number of Common and Class B Stock outstanding for the period. Diluted EPS reflects the maximum potential dilution that could occur from our share-based compensation, including “in-the-money” stock options and unvested restricted stock units, and conversion into Ford Common Stock of our outstanding convertible notes. Potential dilutive shares are excluded from the calculation if they have an anti-dilutive effect in the period. | ||||||||||||
NOTE 24. CAPITAL STOCK AND AMOUNTS PER SHARE (Continued) | ||||||||||||
Dividend Declaration | ||||||||||||
On January 9, 2014, our Board of Directors declared a first quarter 2014 dividend on our Common and Class B Stock of $0.125 per share payable on March 3, 2014 to stockholders of record on January 31, 2014. | ||||||||||||
Effect of Dividends on Convertible Notes | ||||||||||||
As a result of dividends totaling $0.40 per share ($0.10 per share in each quarter of 2013) paid on our Common Stock, the conversion rates for our outstanding convertible notes (see Note 15) have been adjusted pursuant to their terms as follows: | ||||||||||||
Conversion Rate - | ||||||||||||
Shares of Ford Common Stock for Each $1,000 Principal Amount | ||||||||||||
After Adjustment | After Adjustment | |||||||||||
In Effect | Effective | Effective | ||||||||||
Security | At January 1, 2013 | 3-May-13 | 1-Nov-13 | |||||||||
4.25% Senior Convertible Notes Due November 15, 2016 | 109.8554 shares | 111.5339 shares | 112.8203 shares | |||||||||
After Adjustment | After Adjustment | |||||||||||
In Effect | Effective | Effective | ||||||||||
At January 1, 2013 | 3-May-13 | 1-Nov-13 | ||||||||||
4.25% Senior Convertible Notes Due November 15, 2036 | 111.0495 shares | 112.7462 shares | 114.0466 shares | |||||||||
Amounts Per Share Attributable to Ford Motor Company Common and Class B Stock | ||||||||||||
Basic and diluted income per share were calculated using the following (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Basic and Diluted Income Attributable to Ford Motor Company | ||||||||||||
Basic income | $ | 7,155 | $ | 5,665 | $ | 20,213 | ||||||
Effect of dilutive 2016 Convertible Notes (a) | 45 | 46 | 64 | |||||||||
Effect of dilutive 2036 Convertible Notes (a) | 1 | 2 | 2 | |||||||||
Effect of dilutive Trust Preferred Securities (a) (b) | — | — | 40 | |||||||||
Diluted income | $ | 7,201 | $ | 5,713 | $ | 20,319 | ||||||
Basic and Diluted Shares (c) | ||||||||||||
Basic shares (average shares outstanding) | 3,935 | 3,815 | 3,793 | |||||||||
Net dilutive options and warrants | 51 | 101 | 187 | |||||||||
Dilutive 2016 Convertible Notes | 98 | 96 | 95 | |||||||||
Dilutive 2036 Convertible Notes | 3 | 3 | 3 | |||||||||
Dilutive Trust Preferred Securities (b) | — | — | 33 | |||||||||
Diluted shares | 4,087 | 4,015 | 4,111 | |||||||||
__________ | ||||||||||||
(a) | As applicable, includes interest expense, amortization of discount, amortization of fees, and other changes in income or loss that would result from the assumed conversion. | |||||||||||
(b) | The Trust Preferred Securities, which were convertible into Ford Common Stock, were fully redeemed on March 15, 2011. | |||||||||||
(c) | Includes (i) 53 million in average net dilutive shares for 2012 for warrants outstanding prior to exercise, and (ii) 9 million in average basic shares outstanding for 2012 for shares issued for warrants exercised. In total, 362 million warrants were exercised by the deadline for exercise of December 31, 2012, on a net share settlement basis, resulting in the issuance of 106 million shares. |
Operating_Cash_Flows
Operating Cash Flows | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
OPERATING CASH FLOWS [Abstract] | ' | |||||||||||
Operating Cash Flows | ' | |||||||||||
OPERATING CASH FLOWS | ||||||||||||
The reconciliation of Net income attributable to Ford Motor Company to Net cash provided by/(used in) operating activities for the years ended December 31 was as follows (in millions): | ||||||||||||
2013 | ||||||||||||
Automotive | Financial Services | Total (a) | ||||||||||
Net income attributable to Ford Motor Company | $ | 5,755 | $ | 1,400 | $ | 7,155 | ||||||
Depreciation and tooling amortization | 4,064 | 2,440 | 6,504 | |||||||||
Other amortization | 110 | (158 | ) | (48 | ) | |||||||
Provision for credit and insurance losses | 2 | 208 | 210 | |||||||||
Net (gain)/loss on extinguishment of debt | 18 | 1 | 19 | |||||||||
Net (gain)/loss on investment securities | (190 | ) | — | (190 | ) | |||||||
Loss on retiree lump-sum settlements | 594 | — | 594 | |||||||||
Equity investment earnings in excess of dividends received | (529 | ) | — | (529 | ) | |||||||
Foreign currency adjustments | 227 | 1 | 228 | |||||||||
Net (gain)/loss on changes in investments in affiliates | 113 | — | 113 | |||||||||
Stock compensation | 152 | 7 | 159 | |||||||||
Provision for deferred income taxes | (494 | ) | (367 | ) | (861 | ) | ||||||
Decrease/(Increase) in intersector receivables/payables | (136 | ) | 136 | — | ||||||||
Decrease/(Increase) in accounts receivable and other assets | (1,401 | ) | (568 | ) | (1,969 | ) | ||||||
Decrease/(Increase) in inventory | (572 | ) | — | (572 | ) | |||||||
Increase/(Decrease) in accounts payable and other liabilities | (1,332 | ) | 737 | (595 | ) | |||||||
Other | 1,357 | (485 | ) | 872 | ||||||||
Net cash provided by/(used in) operating activities | $ | 7,738 | $ | 3,352 | $ | 11,090 | ||||||
2012 | ||||||||||||
Automotive | Financial Services | Total (a) | ||||||||||
Net income attributable to Ford Motor Company | $ | 4,466 | $ | 1,199 | $ | 5,665 | ||||||
Depreciation and tooling amortization | 3,655 | 1,831 | 5,486 | |||||||||
Other amortization | 43 | (325 | ) | (282 | ) | |||||||
Provision for credit and insurance losses | 6 | 77 | 83 | |||||||||
Net (gain)/loss on extinguishment of debt | — | 14 | 14 | |||||||||
Net (gain)/loss on investment securities | (89 | ) | (16 | ) | (105 | ) | ||||||
Dividends in excess of equity investment earnings | 20 | — | 20 | |||||||||
Foreign currency adjustments | (121 | ) | 5 | (116 | ) | |||||||
Net (gain)/loss on sale of businesses | 183 | 4 | 187 | |||||||||
Gain on changes in investments in affiliates | (780 | ) | — | (780 | ) | |||||||
Stock compensation | 134 | 6 | 140 | |||||||||
Provision for deferred income taxes | 1,444 | 545 | 1,989 | |||||||||
Decrease/(Increase) in intersector receivables/payables | 899 | (899 | ) | — | ||||||||
Decrease/(Increase) in accounts receivable and other assets | (2,335 | ) | (162 | ) | (2,497 | ) | ||||||
Decrease/(Increase) in inventory | (1,401 | ) | — | (1,401 | ) | |||||||
Increase/(Decrease) in accounts payable and other liabilities | (520 | ) | (34 | ) | (554 | ) | ||||||
Other | 662 | (202 | ) | 460 | ||||||||
Net cash provided by/(used in) operating activities | $ | 6,266 | $ | 2,043 | $ | 8,309 | ||||||
_________ | ||||||||||||
(a) | See Note 1 for a reconciliation of the sum of the sector net cash provided by/(used in) operating activities to the consolidated net cash provided by/(used in) operating activities. | |||||||||||
NOTE 25. OPERATING CASH FLOWS (Continued) | ||||||||||||
2011 | ||||||||||||
Automotive | Financial Services | Total (a) | ||||||||||
Net income attributable to Ford Motor Company | $ | 18,447 | $ | 1,766 | $ | 20,213 | ||||||
Depreciation and tooling amortization | 3,533 | 1,184 | 4,717 | |||||||||
Other amortization | 80 | (541 | ) | (461 | ) | |||||||
Provision for credit and insurance losses | 2 | (36 | ) | (34 | ) | |||||||
Net (gain)/loss on extinguishment of debt | 60 | 68 | 128 | |||||||||
Net (gain)/loss on investment securities | 76 | 6 | 82 | |||||||||
Equity investment earnings in excess of dividends received | (169 | ) | — | (169 | ) | |||||||
Foreign currency adjustments | (35 | ) | (2 | ) | (37 | ) | ||||||
Net (gain)/loss on sale of businesses | (410 | ) | (11 | ) | (421 | ) | ||||||
Stock compensation | 163 | 8 | 171 | |||||||||
Provision for deferred income taxes | (11,566 | ) | 495 | (11,071 | ) | |||||||
Decrease/(Increase) in intersector receivables/payables | 642 | (642 | ) | — | ||||||||
Decrease/(Increase) in accounts receivable and other assets | (1,658 | ) | (284 | ) | (1,942 | ) | ||||||
Decrease/(Increase) in inventory | (367 | ) | — | (367 | ) | |||||||
Increase/(Decrease) in accounts payable and other liabilities | (168 | ) | (1,431 | ) | (1,599 | ) | ||||||
Other | 738 | (162 | ) | 576 | ||||||||
Net cash provided by/(used in) operating activities | $ | 9,368 | $ | 418 | $ | 9,786 | ||||||
_________ | ||||||||||||
(a) | See Note 1 for a reconciliation of the sum of the sector net cash provided by/(used in) operating activities to the consolidated net cash provided by/(used in) operating activities. | |||||||||||
Cash paid/(received) for interest and income taxes for continuing operations for the years ended December 31 was as follows (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest | ||||||||||||
Automotive sector | $ | 746 | $ | 693 | $ | 1,012 | ||||||
Financial Services sector | 2,755 | 3,003 | 3,357 | |||||||||
Total interest paid | $ | 3,501 | $ | 3,696 | $ | 4,369 | ||||||
Income taxes | $ | 538 | $ | 344 | $ | 268 | ||||||
Segment_Information
Segment Information | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
SEGMENT INFORMATION | ' | |||||||||||||||||||||||||||
SEGMENT INFORMATION | ||||||||||||||||||||||||||||
Our operating activity consists of two operating sectors, Automotive and Financial Services. Segment selection is based on the organizational structure we use to evaluate performance and make decisions on resource allocation, as well as availability and materiality of separate financial results consistent with that structure. | ||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||
Our Automotive sector is divided into four segments: 1) North America, 2) South America, 3) Europe, and 4) Asia Pacific Africa. Included in each segment, described below, are the associated costs to develop, manufacture, distribute, and service vehicles and parts. | ||||||||||||||||||||||||||||
North America segment primarily includes the sale of Ford- and Lincoln-brand vehicles and related service parts and accessories in North America (United States, Canada, and Mexico). | ||||||||||||||||||||||||||||
South America segment primarily includes the sale of Ford-brand vehicles and related service parts and accessories in South America. | ||||||||||||||||||||||||||||
Europe segment primarily includes the sale of Ford-brand vehicles, components, and related service parts and accessories in Europe, Turkey, and Russia. | ||||||||||||||||||||||||||||
Asia Pacific Africa segment primarily includes the sale of Ford-brand vehicles and related service parts and accessories in the Asia Pacific region and South Africa. | ||||||||||||||||||||||||||||
Revenue from Ford-brand and JMC-brand vehicles produced and distributed by our unconsolidated affiliates are not included in our revenue. | ||||||||||||||||||||||||||||
The Other Automotive component of the Automotive sector consists primarily of centrally-managed net interest expense and related fair market value adjustments. | ||||||||||||||||||||||||||||
Special items are presented as a separate reconciling item to reconcile segment results to consolidated results of the Company. These special items include (i) personnel and dealer-related items stemming from our efforts to match production capacity and cost structure to market demand and changing model mix, and (ii) certain infrequent significant items that we generally do not consider to be indicative of our ongoing operating activities. This presentation reflects the fact that management excludes these items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. | ||||||||||||||||||||||||||||
Transactions among Automotive segments generally are presented on a “where-sold,” absolute-cost basis, which reflects the profit/(loss) on the sale within the segment making the ultimate sale to an external entity. This presentation generally eliminates the effect of legal entity transfer prices within the Automotive sector for vehicles, components, and product engineering. | ||||||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||
The Financial Services sector includes the following segments: 1) Ford Credit, and 2) Other Financial Services. Ford Credit provides vehicle-related financing and leasing. Other Financial Services includes a variety of businesses including holding companies, real estate, and the financing of some Volvo vehicles in Europe. During 2013, we sold a substantial portion of our Volvo financing business, with the remaining Volvo-related retail financing receivables classified as assets held for sale in Other assets. See Note 23 for more information. | ||||||||||||||||||||||||||||
NOTE 26. SEGMENT INFORMATION (Continued) | ||||||||||||||||||||||||||||
Key operating data for our business segments for the years ended or at December 31 were as follows (in millions): | ||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||
Operating Segments | Reconciling Items | |||||||||||||||||||||||||||
North | South | Europe | Asia | Other | Special | Total | ||||||||||||||||||||||
America | America | Pacific | Automotive | Items | ||||||||||||||||||||||||
Africa | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Revenues | $ | 88,907 | $ | 10,844 | $ | 27,882 | $ | 11,736 | $ | — | $ | — | $ | 139,369 | ||||||||||||||
Income/(loss) before income taxes | 8,781 | (34 | ) | (1,609 | ) | 415 | (656 | ) | (1,568 | ) | 5,329 | |||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 2,128 | 272 | 1,312 | 352 | — | — | 4,064 | |||||||||||||||||||||
Amortization of intangibles | 9 | — | 1 | 1 | — | — | 11 | |||||||||||||||||||||
Interest expense | — | — | — | — | 829 | — | 829 | |||||||||||||||||||||
Interest income | 100 | — | 6 | 4 | 53 | — | 163 | |||||||||||||||||||||
Cash outflow for capital spending | 3,754 | 756 | 1,277 | 779 | — | — | 6,566 | |||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 127 | — | 125 | 794 | — | — | 1,046 | |||||||||||||||||||||
Total assets at December 31 | 59,038 | 7,056 | 15,264 | 8,968 | — | — | 90,326 | |||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Revenues | $ | 79,943 | $ | 10,080 | $ | 26,546 | $ | 9,998 | $ | — | $ | — | $ | 126,567 | ||||||||||||||
Income/(loss) before income taxes | 8,343 | 213 | (1,753 | ) | (77 | ) | (470 | ) | (246 | ) | 6,010 | |||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,964 | 256 | 1,132 | 303 | — | — | 3,655 | |||||||||||||||||||||
Amortization of intangibles | 9 | — | — | 1 | — | — | 10 | |||||||||||||||||||||
Interest expense | — | — | — | — | 713 | — | 713 | |||||||||||||||||||||
Interest income | 72 | — | — | — | 200 | — | 272 | |||||||||||||||||||||
Cash outflow for capital spending | 3,150 | 668 | 1,112 | 529 | — | — | 5,459 | |||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 127 | — | 113 | 315 | — | — | 555 | |||||||||||||||||||||
Total assets at December 31 | 51,699 | 6,819 | 20,305 | 7,635 | — | — | 86,458 | |||||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Revenues | $ | 75,022 | $ | 10,976 | $ | 33,758 | $ | 8,412 | $ | — | $ | — | $ | 128,168 | ||||||||||||||
Income/(loss) before income taxes | 6,191 | 861 | (27 | ) | (92 | ) | (601 | ) | (82 | ) | 6,250 | |||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,769 | 265 | 1,225 | 274 | — | — | 3,533 | |||||||||||||||||||||
Amortization of intangibles | 9 | 2 | — | 1 | — | — | 12 | |||||||||||||||||||||
Interest expense | — | — | — | — | 817 | — | 817 | |||||||||||||||||||||
Interest income | 60 | — | — | — | 327 | — | 387 | |||||||||||||||||||||
Cash outflow for capital spending | 2,164 | 581 | 1,034 | 493 | — | — | 4,272 | |||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 179 | — | 61 | 239 | — | — | 479 | |||||||||||||||||||||
Total assets at December 31 | 46,038 | 6,878 | 19,737 | 6,133 | — | — | 78,786 | |||||||||||||||||||||
NOTE 26. SEGMENT INFORMATION (Continued) | ||||||||||||||||||||||||||||
Financial Services Sector | Total Company | |||||||||||||||||||||||||||
Operating Segments | Reconciling Item | |||||||||||||||||||||||||||
Ford | Other | Elims | Total | Elims (b) | Total | |||||||||||||||||||||||
Credit (a) | Financial | |||||||||||||||||||||||||||
Services | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Revenues | $ | 7,805 | $ | 192 | $ | (449 | ) | $ | 7,548 | $ | — | $ | 146,917 | |||||||||||||||
Income/(loss) before income taxes | 1,756 | (84 | ) | — | 1,672 | — | 7,001 | |||||||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 2,422 | 18 | — | 2,440 | — | 6,504 | ||||||||||||||||||||||
Amortization of intangibles | — | — | — | — | — | 11 | ||||||||||||||||||||||
Interest expense | 2,730 | 130 | — | 2,860 | — | 3,689 | ||||||||||||||||||||||
Interest income (c) | 50 | — | — | 50 | — | 213 | ||||||||||||||||||||||
Cash outflow for capital spending | 16 | 15 | — | 31 | — | 6,597 | ||||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 23 | — | — | 23 | — | 1,069 | ||||||||||||||||||||||
Total assets at December 31 | 115,608 | 5,679 | (6,230 | ) | 115,057 | (3,357 | ) | 202,026 | ||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Revenues | $ | 7,189 | $ | 267 | $ | (464 | ) | $ | 6,992 | $ | — | $ | 133,559 | |||||||||||||||
Income/(loss) before income taxes | 1,697 | 13 | — | 1,710 | — | 7,720 | ||||||||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,806 | 25 | — | 1,831 | — | 5,486 | ||||||||||||||||||||||
Amortization of intangibles | — | — | — | — | — | 10 | ||||||||||||||||||||||
Interest expense | 3,027 | 88 | — | 3,115 | — | 3,828 | ||||||||||||||||||||||
Interest income (c) | 69 | 1 | — | 70 | — | 342 | ||||||||||||||||||||||
Cash outflow for capital spending | 18 | 11 | — | 29 | — | 5,488 | ||||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 33 | — | — | 33 | — | 588 | ||||||||||||||||||||||
Total assets at December 31 | 104,596 | 7,698 | (7,282 | ) | 105,012 | (2,064 | ) | 189,406 | ||||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Revenues | $ | 7,662 | $ | 337 | $ | (562 | ) | $ | 7,437 | $ | — | $ | 135,605 | |||||||||||||||
Income/(loss) before income taxes | 2,404 | 27 | — | 2,431 | — | 8,681 | ||||||||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,154 | 30 | — | 1,184 | — | 4,717 | ||||||||||||||||||||||
Amortization of intangibles | — | — | — | — | — | 12 | ||||||||||||||||||||||
Interest expense | 3,507 | 107 | — | 3,614 | — | 4,431 | ||||||||||||||||||||||
Interest income (c) | 83 | 1 | — | 84 | — | 471 | ||||||||||||||||||||||
Cash outflow for capital spending | 15 | 6 | — | 21 | — | 4,293 | ||||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 21 | — | — | 21 | — | 500 | ||||||||||||||||||||||
Total assets at December 31 | 99,280 | 8,634 | (7,302 | ) | 100,612 | (2,012 | ) | 177,386 | ||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Prior-year revenues, depreciation, and total assets were reclassified to conform to current-year presentation. | |||||||||||||||||||||||||||
(b) | Includes intersector transactions occurring in the ordinary course of business and deferred tax netting. | |||||||||||||||||||||||||||
(c) | Interest income reflected on this line for Financial Services sector is non-financing related. Interest income in the normal course of business for Financial Services sector is reported in Financial Services revenues. |
Geographic_Information
Geographic Information | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
GEOGRAPHIC INFORMATION [Abstract] | ' | |||||||||||||||||||||||
Geographic Information | ' | |||||||||||||||||||||||
GEOGRAPHIC INFORMATION | ||||||||||||||||||||||||
The following table shows Total Company revenues and long-lived assets, split geographically by our country of domicile, the United States, and other countries where our major subsidiaries are domiciled, for the years ended December 31 (in millions): | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Revenues | Long-Lived | Revenues | Long-Lived | Revenues | Long-Lived | |||||||||||||||||||
Assets (a) | Assets (a) | Assets (a) | ||||||||||||||||||||||
United States | $ | 85,459 | $ | 28,276 | $ | 76,055 | $ | 22,986 | $ | 70,839 | $ | 18,514 | ||||||||||||
United Kingdom | 10,038 | 1,503 | 9,208 | 1,668 | 9,479 | 1,721 | ||||||||||||||||||
Canada | 9,729 | 3,154 | 9,470 | 2,580 | 9,415 | 2,424 | ||||||||||||||||||
Germany | 8,600 | 2,635 | 8,005 | 2,719 | 8,493 | 2,996 | ||||||||||||||||||
Mexico | 1,992 | 1,910 | 1,818 | 1,990 | 1,920 | 1,419 | ||||||||||||||||||
All Other | 31,099 | 8,738 | 29,003 | 6,887 | 35,459 | 5,817 | ||||||||||||||||||
Total Company | $ | 146,917 | $ | 46,216 | $ | 133,559 | $ | 38,830 | $ | 135,605 | $ | 32,891 | ||||||||||||
__________ | ||||||||||||||||||||||||
(a) | Includes Net property from our consolidated balance sheet and Financial Services Net investment in operating leases from the sector balance sheet. |
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
SELECTED QUARTERLY FINANCIAL DATA [Abstract] | ' | |||||||||||||||||||||||||||||||
Selected Quarterly Financial Data | ' | |||||||||||||||||||||||||||||||
SELECTED QUARTERLY FINANCIAL DATA (unaudited) | ||||||||||||||||||||||||||||||||
Selected financial data by calendar quarter were as follows (in millions, except per share amounts): | ||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
Automotive Sector | First | Second | Third | Fourth | First | Second | Third | Fourth | ||||||||||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | |||||||||||||||||||||||||
Revenues | $ | 33,858 | $ | 36,079 | $ | 33,857 | $ | 35,575 | $ | 30,525 | $ | 31,328 | $ | 30,247 | $ | 34,467 | ||||||||||||||||
Income before income taxes | 1,620 | 1,368 | 1,728 | 613 | 1,582 | 1,148 | 1,858 | 1,422 | ||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||
Revenues | $ | 1,791 | $ | 1,844 | $ | 1,918 | $ | 1,995 | $ | 1,758 | $ | 1,709 | $ | 1,744 | $ | 1,781 | ||||||||||||||||
Income before income taxes | 503 | 451 | 363 | 355 | 456 | 447 | 388 | 419 | ||||||||||||||||||||||||
Total Company | ||||||||||||||||||||||||||||||||
Income before income taxes | $ | 2,123 | $ | 1,819 | $ | 2,091 | $ | 968 | $ | 2,038 | $ | 1,595 | $ | 2,246 | $ | 1,841 | ||||||||||||||||
Amounts Attributable to Ford Motor Company Common and Class B Shareholders | ||||||||||||||||||||||||||||||||
Net income | $ | 1,611 | $ | 1,233 | $ | 1,272 | $ | 3,039 | $ | 1,396 | $ | 1,040 | $ | 1,631 | $ | 1,598 | ||||||||||||||||
Common and Class B per share from income from continuing operations | ||||||||||||||||||||||||||||||||
Basic | $ | 0.41 | $ | 0.31 | $ | 0.32 | $ | 0.77 | $ | 0.37 | $ | 0.27 | $ | 0.43 | $ | 0.42 | ||||||||||||||||
Diluted | 0.4 | 0.3 | 0.31 | 0.74 | 0.35 | 0.26 | 0.41 | 0.4 | ||||||||||||||||||||||||
Certain of the quarterly results identified above include material unusual or infrequently occurring items as follows: | ||||||||||||||||||||||||||||||||
Results in the second, third, and fourth quarters of 2013 each include an unfavorable item for separation-related actions in Europe to support the Company’s transformation plan of $430 million, $215 million, and $113 million, respectively (see Note 21). | ||||||||||||||||||||||||||||||||
Results in the fourth quarter of 2012 and the second, third, and fourth quarters of 2013 each include an unfavorable item related to the U.S. salaried lump-sum pension buyout program of $250 million, $294 million, $145 million and $155 million, respectively (see Note 14). | ||||||||||||||||||||||||||||||||
The net income attributable to Ford Motor Company of $3 billion in the fourth quarter of 2013 includes favorable tax special items of $2.1 billion, including the impact of a one-time favorable increase in deferred tax assets related to investments in European operations and the release of valuation allowances held against other deferred tax assets (see Note 22). | ||||||||||||||||||||||||||||||||
The pre-tax income of $1.8 billion in the fourth quarter of 2012 includes a $625 million gain related to the reorganization of our equity investment in CFMA (see Note 23). |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||
COMMITMENTS AND CONTINGENCIES | ' | |||||||
COMMITMENTS AND CONTINGENCIES | ||||||||
Commitments and contingencies consist primarily of guarantees and indemnifications, litigation and claims, and warranty. | ||||||||
Guarantees and Indemnifications | ||||||||
Guarantees and indemnifications are recorded at fair value at their inception. We regularly review our performance risk under these arrangements, and in the event it becomes probable we will be required to perform under the guarantee or indemnification, the amount of probable payment is recorded. | ||||||||
We guarantee debt and lease obligations of certain joint ventures, as well as certain financial obligations of outside third parties, including suppliers, to support our business and economic growth. Expiration dates vary through 2033, and guarantees will terminate on payment and/or cancellation of the obligation. A payment by us would be triggered by failure of the joint venture or other third party to fulfill its obligation covered by the guarantee. In some circumstances, we are entitled to recover from the third party amounts paid by us under the guarantee. However, our ability to enforce these rights is sometimes stayed until the guaranteed party is paid in full, and may be limited in the event of insolvency of the third party or other circumstances. | ||||||||
In the ordinary course of business, we execute contracts involving indemnifications standard in the industry and indemnifications specific to a transaction, such as the sale of a business. These indemnifications might include and are not limited to claims relating to any of the following: environmental, tax, and shareholder matters; intellectual property rights; power generation contracts; governmental regulations and employment-related matters; dealer, supplier, and other commercial contractual relationships; and financial matters, such as securitizations. Performance under these indemnities generally would be triggered by a breach of terms of the contract or by a third-party claim. While some of these indemnifications are limited in nature, many of them do not limit potential payment. Therefore, we are unable to estimate a maximum amount of future payments that could result from claims made under these unlimited indemnities. | ||||||||
The maximum potential payments and the carrying value of recorded liabilities related to guarantees and limited indemnities were as follows (in millions): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Maximum potential payments | $ | 659 | $ | 1,073 | ||||
Carrying value of recorded liabilities related to guarantees and limited indemnities | 5 | 17 | ||||||
Litigation and Claims | ||||||||
Various legal actions, proceedings, and claims (generally, “matters”) are pending or may be instituted or asserted against us. These include but are not limited to matters arising out of alleged defects in our products; product warranties; governmental regulations relating to safety, emissions, and fuel economy or other matters; government incentives; tax matters; alleged illegal acts resulting in fines or penalties; financial services; employment-related matters; dealer, supplier, and other contractual relationships; intellectual property rights; environmental matters; shareholder or investor matters; and financial reporting matters. Certain of the pending legal actions are, or purport to be, class actions. Some of the matters involve or may involve claims for compensatory, punitive, or antitrust or other treble damages in very large amounts, or demands for recall campaigns, environmental remediation programs, sanctions, loss of government incentives, assessments, or other relief, which, if granted, would require very large expenditures. | ||||||||
The extent of our financial exposure to these matters is difficult to estimate. Many matters do not specify a dollar amount for damages, and many others specify only a jurisdictional minimum. To the extent an amount is asserted, our historical experience suggests that in most instances the amount asserted is not a reliable indicator of the ultimate outcome. | ||||||||
Litigation and claims are accrued when losses are deemed probable and reasonably estimable. In evaluating matters for accrual and disclosure purposes, we take into consideration factors such as our historical experience with matters of a similar nature, the specific facts and circumstances asserted, the likelihood of our prevailing, and the severity of any potential loss. We reevaluate and update our accruals as matters progress over time. | ||||||||
NOTE 29. COMMITMENTS AND CONTINGENCIES (Continued) | ||||||||
For the majority of matters, which generally arise out of alleged defects in our products, we establish an accrual based on our extensive historical experience with similar matters, and we do not believe that there is a reasonably possible outcome materially in excess of our accrual. | ||||||||
For the remaining matters, where our historical experience with similar matters is of more limited value (i.e., “non-pattern matters”), we evaluate matters primarily based on the individual facts and circumstances. For non-pattern matters, we evaluate whether there is a reasonable possibility of a material loss in excess of any accrual that can be estimated. Our estimate of reasonably possible loss in excess of our accruals for all material matters currently reflects indirect tax and customs matters, for which we estimate the aggregate risk to be a range of up to about $2.9 billion. | ||||||||
As noted, the litigation process is subject to many uncertainties, and the outcome of individual litigated matters is not predictable with assurance. Our assessments are based on our knowledge and experience, but the ultimate outcome of any matter could require payment substantially in excess of the amount that we have accrued and/or disclosed. | ||||||||
Warranty | ||||||||
Estimated warranty costs are accrued for at the time the vehicle is sold to a dealer. Included in warranty cost accruals are the costs for basic warranty coverages and field service actions (i.e., product recalls and owner notification programs) on products sold. These costs are estimates based primarily on historical warranty claim experience. Warranty accruals accounted for in Other liabilities and deferred revenue for the years ended December 31 were as follows (in millions): | ||||||||
2013 | 2012 | |||||||
Beginning balance | $ | 3,656 | $ | 3,915 | ||||
Payments made during the period | (2,302 | ) | (2,254 | ) | ||||
Changes in accrual related to warranties issued during the period | 2,025 | 1,885 | ||||||
Changes in accrual related to pre-existing warranties | 625 | 49 | ||||||
Foreign currency translation and other | (77 | ) | 61 | |||||
Ending balance | $ | 3,927 | $ | 3,656 | ||||
Excluded from the table above are costs accrued for customer satisfaction actions. |
Schedule_of_Valuation_and_Qual
Schedule of Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||||
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | ' | ||||||||||||||||||
Description | Balance at | Charged to | Deductions | Balance at End | |||||||||||||||
Beginning of | Costs and | of Period | |||||||||||||||||
Period | Expenses | ||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||
Allowances deducted from assets | |||||||||||||||||||
Credit losses | $ | 435 | $ | 152 | $ | 182 | (a) | $ | 405 | ||||||||||
Doubtful receivables | 106 | 33 | 19 | (b) | 120 | ||||||||||||||
Inventories (primarily service part obsolescence) | 267 | (5 | ) | (c) | — | 262 | |||||||||||||
Deferred tax assets | 1,923 | (290 | ) | (d) | — | 1,633 | |||||||||||||
Total allowances deducted from assets | $ | 2,731 | $ | (110 | ) | $ | 201 | $ | 2,420 | ||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||
Allowances deducted from assets | |||||||||||||||||||
Credit losses | $ | 570 | $ | 2 | $ | 137 | (a) | $ | 435 | ||||||||||
Doubtful receivables | 110 | 13 | 17 | (b) | 106 | ||||||||||||||
Inventories (primarily service part obsolescence) | 249 | 18 | (c) | — | 267 | ||||||||||||||
Deferred tax assets | 1,545 | 378 | (d) | — | 1,923 | ||||||||||||||
Total allowances deducted from assets | $ | 2,474 | $ | 411 | $ | 154 | $ | 2,731 | |||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||
Allowances deducted from assets | |||||||||||||||||||
Credit losses | $ | 984 | $ | (115 | ) | $ | 299 | (a) | $ | 570 | |||||||||
Doubtful receivables | 116 | (69 | ) | (63 | ) | (b) | 110 | ||||||||||||
Inventories (primarily service part obsolescence) | 245 | 4 | (c) | — | 249 | ||||||||||||||
Deferred tax assets | 15,664 | (14,119 | ) | (d) | — | 1,545 | |||||||||||||
Total allowances deducted from assets | $ | 17,009 | $ | (14,299 | ) | $ | 236 | $ | 2,474 | ||||||||||
_________ | |||||||||||||||||||
(a) | Finance receivables and lease investments deemed to be uncollectible and other changes, principally amounts related to finance receivables sold and translation adjustments. | ||||||||||||||||||
(b) | Accounts and notes receivable deemed to be uncollectible as well as translation adjustments. | ||||||||||||||||||
(c) | Net change in inventory allowances. | ||||||||||||||||||
(d) | Includes $(243) million, $264 million and $0 in 2013, 2012 and 2011, respectively, of valuation allowance for deferred tax assets through Accumulated other comprehensive income/(loss) and $(47) million, $114 million and $(14.1) billion in 2013, 2012, and 2011, respectively, of valuation allowance for deferred tax assets through the income statement. | ||||||||||||||||||
Summary_of_Accounting_Policies1
Summary of Accounting Policies (Policies) | 12 Months Ended | |
Dec. 31, 2013 | ||
Basis of Accounting and Intercompany Transactions [Abstract] | ' | |
Basis of Accounting and Intercompany Transactions, Policy [Policy Text Block] | ' | |
We prepare our financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”). We present the financial statements on both a consolidated basis and on a sector basis for our Automotive and Financial Services sectors. | ||
Reclassifications [Abstract] | ' | |
Reclassifications, Policy [Policy Text Block] | ' | |
We reclassified certain prior year amounts on our consolidated financial statements to conform to current year presentation. | ||
Use of Estimates [Abstract] | ' | |
Use of Estimates, Policy [Policy Text Block] | ' | |
Use of Estimates | ||
The preparation of financial statements requires us to make estimates and assumptions that affect our results during the periods reported. Estimates are used to account for certain items such as marketing accruals, warranty costs, employee benefit programs, etc. Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ. | ||
Foreign Currency Translation [Abstract] | ' | |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | |
Foreign Currency Translation | ||
The assets and liabilities of foreign subsidiaries using the local currency as their functional currency are translated to U.S. dollars using end-of-period exchange rates and any resulting translation adjustments are reported in Other comprehensive income/(loss). Upon sale or upon complete or substantially complete liquidation of an investment in a foreign subsidiary, the accumulated amount of translation adjustments related to that entity is reclassified to net income as part of the recognized gain or loss on the investment. | ||
Gains or losses arising from transactions denominated in currencies other than the affiliate’s functional currency, the effect of remeasuring assets and liabilities of foreign subsidiaries using U.S. dollars as their functional currency, and the results of our foreign currency hedging activities are reported in Automotive cost of sales, Selling, administrative, and other expenses, and Automotive interest income and other income/(loss), net. | ||
Trade Receivables [Abstract] | ' | |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | ' | |
Trade Receivables | ||
Trade receivables, recorded on our consolidated balance sheet in Other receivables, net, consist primarily of Automotive sector receivables for vehicles, parts, and accessories. Trade receivables initially are recorded at the transaction amount. We record an allowance for doubtful accounts representing our estimate of the probable losses. At every reporting period, we assess the adequacy of our allowance for doubtful accounts taking into consideration recoveries received during that period. Additions to the allowance for doubtful accounts are made by recording charges to bad debt expense reported in Automotive cost of sales. Receivables are charged to the allowance for doubtful accounts when an account is deemed to be uncollectible. | ||
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | |
Intangible Assets (Other than goodwill), Intangible Assets [Policy Text Block] | ' | |
Net Intangible Assets | ||
We capitalize and amortize our finite-lived intangible assets over their estimated useful lives. Indefinite-lived intangible assets are not amortized, but are tested for impairment annually or more frequently if events or circumstances indicate the asset may be impaired. Our intangible assets are comprised primarily of license and advertising agreements, land rights, patents, customer contracts, and technology. Our indefinite-lived intangibles have been tested for impairment in 2013 and no impairment was required. | ||
Long-Lived Asset Impairment [Abstract] | ' | |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | |
Long-Lived Asset Impairment | ||
We test long-lived asset groups for recoverability, at the operating segment level when changes in circumstances indicate the carrying value may not be recoverable. Events that trigger a test for recoverability include material adverse changes in projected revenues and expenses, significant underperformance relative to historical and projected future operating results, significant negative industry or economic trends, and a significant adverse change in the manner in which an asset group is used or in its physical condition. When a triggering event occurs, a test for recoverability is performed, comparing projected undiscounted future cash flows to the carrying value of the asset group. If the test for recoverability identifies a possible impairment, the asset group’s fair value is measured relying primarily on a discounted cash flow methodology. An impairment charge is recognized for the amount by which the carrying value of the asset group exceeds its estimated fair value. When an impairment loss is recognized for assets to be held and used, the adjusted carrying amount of those assets is depreciated over their remaining useful life. | ||
Revenue Recognition [Abstract] | ' | |
Revenue Recognition, Policy [Policy Text Block] | ' | |
Revenue Recognition — Automotive Sector | ||
Automotive revenue is generated primarily by sales of vehicles, parts, and accessories. Revenue is recorded when all risks and rewards of ownership are transferred to our customers (generally dealers and distributors). For the majority of our sales, this occurs when products are shipped from our manufacturing facilities. When vehicles are shipped to customers or vehicle modifiers on consignment, revenue is recognized when the vehicle is sold to the ultimate customer. When we give our dealers the right to return eligible parts for credit, we reduce the related revenue for expected returns. | ||
We sell vehicles to daily rental car companies subject to guaranteed repurchase options. These vehicles are accounted for as operating leases. At the time of sale, the proceeds are recorded as deferred revenue in Other liabilities and deferred revenue. The difference between the proceeds and the guaranteed repurchase amount is recognized in Automotive revenues over an average term of eight months, using a straight-line method. The cost of the vehicles is recorded in Net investment in operating leases and the difference between the cost of the vehicle and the estimated auction value is depreciated in Automotive cost of sales over the term of the lease. Proceeds from the sale of the vehicle at auction are recognized in Automotive revenues at the time of sale. | ||
Revenue Recognition — Financial Services Sector | ||
Financial Services revenue is generated primarily from interest on finance receivables (including direct financing leases) and is recognized using the interest method, including the accretion of certain direct origination costs that are deferred. Revenue from rental payments received on operating leases is recognized on a straight-line basis over the term of the lease. The accrual of interest on finance receivables and revenue on operating leases is discontinued at the earlier of the time a receivable or account is determined to be uncollectible, at bankruptcy status notification, or greater than 120 days past due. | ||
Retail and Lease Supplements [Abstract] | ' | |
Retail and Lease Supplements [Policy Text Block] | ' | |
Retail and Lease Incentives | ||
We offer special retail financing and lease incentives to dealers’ customers who choose to finance or lease Ford- or Lincoln-brand vehicles from Ford Credit. The estimated cost for these incentives is recorded as a revenue reduction to Automotive revenues when the vehicle is sold to the dealer. See Note 1 for additional information regarding transactions between Automotive and Financial Services sectors. We pay the discounted value of the incentive directly to Ford Credit on behalf of the retail customer upon acquisition of the retail finance or lease contract to compensate Ford Credit for the lower interest or lease rates offered to the retail customer. | ||
Marketing Incentives And Interest Supplements [Abstract] | ' | |
Marketing Incentives And Interest Supplements [Policy Text Block] | ' | |
Sales and Marketing Incentives | ||
Sales and marketing incentives generally are recognized by the Automotive sector as revenue reductions in Automotive revenues. The incentives generally take the form of cash payments to dealers and dealers’ customers. The reduction to revenue is accrued at the later of the date the related vehicle is sold or the date the incentive program is both approved and communicated. We generally estimate these accruals using incentive programs that are approved as of the balance sheet date and are expected to be effective at the beginning of the subsequent period. | ||
Supplier Price Adjustments [Abstract] | ' | |
Supplier Price Adjustments [Policy Text Block] | ' | |
Supplier Price Adjustments | ||
We frequently negotiate price adjustments with our suppliers throughout a production cycle, even after receiving production material. These price adjustments relate to changes in design specifications or other commercial terms such as economics, productivity, and competitive pricing. We recognize price adjustments when we reach final agreement with our suppliers. In general, we avoid direct price changes in consideration of future business; however, when these occur, our policy is to defer the financial statement impact of any such price change given explicitly in consideration of future business where guaranteed volumes are specified. | ||
Raw Material Arrangements [Abstract] | ' | |
Raw Material Arrangements [Policy Text Block] | ' | |
Raw Material Arrangements | ||
We may, at times, negotiate prices for and facilitate the purchase of raw materials on behalf of our suppliers. These raw material arrangements, which take place independently of any purchase orders issued to our suppliers, are negotiated at arms’ length and do not involve volume guarantees. When we pass the risks and rewards of ownership to our suppliers, including inventory risk, market price risk, and credit risk for the raw material, we record both the cost of the raw material and the income from the subsequent sale to the supplier in Automotive cost of sales. | ||
Government Grants and Loan Incentives [Abstract] | ' | |
Government Grants and Loan Incentives [Policy Text Block] | ' | |
Government Incentives | ||
We receive incentives from U.S. and non-U.S. governmental entities in the form of tax rebates or credits, grants, and loans. Government incentives are recorded in the financial statements in accordance with their purpose, either as a reduction of expense or a reduction of the cost of the capital investment. A discount is calculated on government loans with a below-market interest rate. The benefit of these incentives generally is recorded when all conditions as specified in the agreement are fulfilled. | ||
Selected Other Costs [Abstract] | ' | |
Selected Other Costs [Policy Text Block] | ' | |
Selected Other Costs | ||
Engineering, research, and development costs are included in Automotive cost of sales; advertising costs are included in Selling, administrative, and other expenses. Engineering, research, and development costs are expensed as incurred when performed internally or when performed by a supplier if we guarantee reimbursement. | ||
Presentation of Sales and Sales Related Taxes [Abstract] | ' | |
Presentation of Sales And Sales Related Taxes [Policy Text Block] | ' | |
Presentation of Sales and Sales-Related Taxes | ||
We collect and remit taxes assessed by different governmental authorities that are both imposed on and concurrent with a revenue-producing transaction between us and our customers. These taxes may include, but are not limited to, sales, use, value-added, and some excise taxes. We report the collection of these taxes on a net basis (excluded from revenues). | ||
Fair Value Disclosures [Abstract] | ' | |
Fair Value Measurements, Policy [Policy Text Block] | ' | |
Cash equivalents, marketable securities, and derivative financial instruments are presented on our financial statements on a recurring basis at fair value, while other assets and liabilities are measured at fair value on a nonrecurring basis, such as when we have an asset impairment. | ||
Fair Value Measurements | ||
In measuring fair value, we use various valuation methodologies and prioritize the use of observable inputs. The use of observable and unobservable inputs and their significance in measuring fair value are reflected in our fair value hierarchy assessment. | ||
• | Level 1 - inputs include quoted prices for identical instruments and are the most observable | |
• | Level 2 - inputs include quoted prices for similar instruments and observable inputs such as interest rates, currency exchange rates, and yield curves | |
• | Level 3 - inputs include data not observable in the market and reflect management judgment about the assumptions market participants would use in pricing the instruments | |
We review the inputs to the fair value measurements to ensure they are appropriately categorized within the fair value hierarchy. Transfers into and transfers out of the hierarchy levels are recognized as if they had taken place at the end of the reporting period. | ||
Valuation Methodologies | ||
Cash and Cash Equivalents. Included in Cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash, and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. A debt security is classified as a cash equivalent if it meets these criteria and if it has a remaining time to maturity of three months or less from the date of acquisition. Amounts on deposit and available upon demand, or negotiated to provide for daily liquidity without penalty, are classified as Cash and cash equivalents. Time deposits, certificates of deposit, and money market accounts that meet the above criteria are reported at par value on our balance sheet and are excluded from the tables below. | ||
NOTE 4. FAIR VALUE MEASUREMENTS (Continued) | ||
Marketable Securities. Investments in securities with a maturity date greater than three months at the date of purchase and other securities for which there is more than an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal are classified as Marketable securities. We generally measure fair value using prices obtained from pricing services. Pricing methodologies and inputs to valuation models used by the pricing services depend on the security type (i.e., asset class). Where possible, fair values are generated using market inputs including | ||
quoted prices (the closing price in an exchange market), bid prices (the price at which a buyer stands ready to purchase), and other market information. For fixed income securities that are not actively traded, the pricing services use alternative methods to determine fair value for the securities, including quotes for similar fixed-income securities, matrix pricing, discounted cash flow using benchmark curves, or other factors. In certain cases, when market data are not available, we may use broker quotes to determine fair value. | ||
An annual review is performed on the security prices received from our pricing services, which includes discussion and analysis of the inputs used by the pricing services to value our securities. We also compare the price of certain securities sold close to the quarter end to the price of the same security at the balance sheet date to ensure the reported fair value is reasonable. | ||
Realized and unrealized gains and losses and interest income on our marketable securities are recorded in Automotive interest income and other income/(expense), net and Financial Services other income/(loss), net. Realized gains and losses are measured using the specific identification method. | ||
We have entered into repurchase agreements with certain counterparties where we are the transferee. These agreements allow us to offset our entire gross exposure in the event of default or breach of contract. The gross value of these assets and liabilities reflected on our balance sheet at December 31, 2013 and December 31, 2012 was $228 million and $51 million, respectively. | ||
Derivative Financial Instruments. Our derivatives are over-the-counter customized derivative transactions and are not exchange traded. We estimate the fair value of these instruments using industry-standard valuation models such as a discounted cash flow. These models project future cash flows and discount the future amounts to a present value using market-based expectations for interest rates, foreign exchange rates, commodity prices, and the contractual terms of the derivative instruments. The discount rate used is the relevant interbank deposit rate (e.g., LIBOR) plus an adjustment for non-performance risk. The adjustment reflects the full credit default swap (“CDS”) spread applied to a net exposure, by | ||
counterparty, considering the master netting agreements and any posted collateral. We use our counterparty’s CDS spread when we are in a net asset position and our own CDS spread when we are in a net liability position. In certain cases, market data are not available and we use broker quotes and models (e.g., Black-Scholes) to determine fair value. This includes situations where there is lack of liquidity for a particular currency or commodity or when the instrument is longer dated. | ||
Ford Credit’s two Ford Upgrade Exchange Linked securitization transactions (“FUEL Notes”) had derivative features that included a mandatory exchange to Ford Credit unsecured notes when Ford Credit’s senior unsecured debt received two investment grade credit ratings among Fitch, Moody’s, and S&P, and a make-whole provision. Ford Credit estimated the fair value of these features by comparing the fair value of the FUEL Notes to the value of a hypothetical debt instrument without these features. In the second quarter of 2012, Ford Credit received two investment grade credit ratings, thereby triggering the mandatory exchange feature and the FUEL Notes derivatives were extinguished. | ||
Finance Receivables. We measure finance receivables at fair value for purposes of disclosure (see Note 6) using internal valuation models. These models project future cash flows of financing contracts based on scheduled contract payments (including principal and interest). The projected cash flows are discounted to present value based on assumptions regarding credit losses, pre-payment speed, and applicable spreads to approximate current rates. Our assumptions regarding pre-payment speed and credit losses are based on historical performance. The fair value of finance receivables is categorized within Level 3 of the hierarchy. | ||
On a nonrecurring basis, we also measure at fair value retail contracts greater than 120 days past due or deemed to be uncollectible, and individual dealer loans probable of foreclosure. We use the fair value of collateral, adjusted for estimated costs to sell, to determine the fair value of our receivables. The collateral for a retail receivable is the vehicle financed, and for dealer loans is real estate or other property. | ||
NOTE 4. FAIR VALUE MEASUREMENTS (Continued) | ||
The fair value of collateral for retail receivables is calculated based on the number of contracts multiplied by the loss severity and the probability of default (“POD”) percentage, or the outstanding receivable balances multiplied by the average recovery value (“ARV”) percentage to determine the fair value adjustment. | ||
The fair value of collateral for dealer loans is determined by reviewing various appraisals, which include total adjusted appraised value of land and improvements, alternate use appraised value, broker's opinion of value, and purchase offers. The fair value adjustment is calculated by comparing the net carrying value of the dealer loan and the estimated fair value of collateral. | ||
The fair value of retail and dealer loans measured on a non-recurring basis was $61 million and $80 million at December 31, 2013 and December 31, 2012, respectively. Changes in the significant unobservable inputs will not materially affect the fair value of these loans. The fair value adjustment recorded to expense for these receivables was $20 million, $25 million and $37 million in 2013, 2012 and 2011, respectively. | ||
Cash and Restricted Cash [Abstract] | ' | |
Restricted Cash, Policy [Policy Text Block] | ' | |
Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in Other assets on our balance sheet. | ||
Finance Loans and Leases Receivable [Abstract] | ' | |
Finance Loans and Leases Receivable, Policy [Policy Text Block] | ' | |
For all finance receivables, we define “past due” as any payment, including principal and interest, that is at least 31 days past the contractual due date. | ||
The accrual of revenue is discontinued at the earlier of the time a receivable is determined to be uncollectible, at bankruptcy status notification, or greater than 120 days past due. Accounts may be restored to accrual status only when a customer settles all past-due deficiency balances and future payments are reasonably assured. For receivables in non-accrual status, subsequent financing revenue is recognized only to the extent a payment is received. Payments are generally applied first to outstanding interest and then to the unpaid principal balance. | ||
Financing Receivable Impaired [Abstract] | ' | |
Impaired Financing Receivable, Policy [Policy Text Block] | ' | |
Impaired consumer receivables include accounts that have been rewritten or modified in reorganization proceedings pursuant to the U.S. Bankruptcy Code that are considered to be troubled debt restructurings (“TDRs”), as well as all accounts greater than 120 days past due. Impaired non-consumer receivables represent accounts with dealers that have weak or poor financial metrics or dealer financing that has been modified in TDRs. | ||
Lease Policy [Abstract] | ' | |
Lease, Policy [Policy Text Block] | ' | |
Net investment in operating leases on our balance sheet consists primarily of lease contracts for vehicles with retail customers, daily rental companies, government entities, and fleet customers. Assets subject to operating leases are depreciated using the straight-line method over the term of the lease to reduce the asset to its estimated residual value. Estimated residual values are based on assumptions for used vehicle prices at lease termination and the number of vehicles that are expected to be returned. | ||
Allowance For Credit Losses [Abstract] | ' | |
Allowance for Credit Losses, Policy [Policy Text Block] | ' | |
The allowance for credit losses represents our estimate of the probable loss on the collection of finance receivables and operating leases as of the balance sheet date. The adequacy of the allowance for credit losses is assessed quarterly and the assumptions and models used in establishing the allowance are evaluated regularly. Because credit losses may vary substantially over time, estimating credit losses requires a number of assumptions about matters that are uncertain. The majority of credit losses are attributable to Ford Credit’s consumer receivables portfolio. | ||
Additions to the allowance for credit losses are made by recording charges to Provision for credit and insurance losses on the sector income statement. The uncollectible portion of finance receivables and operating leases are charged to the allowance for credit losses at the earlier of when an account is deemed to be uncollectible or when an account is 120 days delinquent, taking into consideration the financial condition of the customer, borrower, or lessee, the value of the collateral, recourse to guarantors, and other factors. In the event we repossess the collateral, the receivable is written off and we record the collateral at its estimated fair value less costs to sell and report it in Other assets on the balance sheet. Recoveries on finance receivables and operating leases previously charged-off as uncollectible are credited to the allowance for credit losses. | ||
Consumer | ||
We estimate the allowance for credit losses on our consumer receivables and on our operating leases using a combination of measurement models and management judgment. The models consider factors such as historical trends in credit losses and recoveries (including key metrics such as delinquencies, repossessions, and bankruptcies), the composition of the present portfolio (including vehicle brand, term, risk evaluation, and new/used vehicles), trends in historical and projected used vehicle values, and economic conditions. Estimates from these models rely on historical information and may not fully reflect losses inherent in the present portfolio. Therefore, we may adjust the estimate to reflect management judgment regarding observable changes in recent economic trends and conditions, portfolio composition, and other relevant factors. | ||
We make projections of two key assumptions to assist in estimating the consumer allowance for credit losses: | ||
• | Frequency - number of finance receivables and operating lease contracts that are expected to default over the loss emergence period, measured as repossessions | |
• | Loss severity - expected difference between the amount of money a customer owes when the finance contract is charged off and the amount received, net of expenses from selling the repossessed vehicle, including any recoveries from the customer | |
NOTE 8. FINANCIAL SERVICES SECTOR ALLOWANCE FOR CREDIT LOSSES (Continued) | ||
Collective Allowance for Credit Losses. The collective allowance is evaluated primarily using a collective loss-to-receivables (“LTR”) model that, based on historical experience, indicates credit losses have been incurred in the portfolio even though the particular accounts that are uncollectible cannot be specifically identified. The LTR model is based on the most recent years of history. Each LTR is calculated by dividing credit losses by average end-of-period finance receivables or average end-of-period operating leases, excluding unearned interest supplements and allowance for credit losses. An average LTR is calculated for each product and multiplied by the end-of-period balances for that given product. | ||
The loss emergence period (“LEP”) is a key assumption within our models and represents the average amount of time between when a loss event first occurs and when it is charged off. This time period starts when the consumer begins to experience financial difficulty. It is evidenced, typically through delinquency, before eventually resulting in a charge-off. The LEP is a multiplier in the calculation of the collective consumer allowance for credit losses. | ||
For accounts greater than 120 days past due, the uncollectible portion is charged-off such that the remaining recorded investment is equal to the estimated fair value of the collateral less costs to sell. | ||
Specific Allowance for Impaired Receivables. Consumer receivables involved in TDRs are specifically assessed for impairment. A specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the loan’s original effective interest rate or the fair value of any collateral adjusted for estimated costs to sell. | ||
After establishing the collective and specific allowance for credit losses, if management believes the allowance does not reflect all losses inherent in the portfolio due to changes in recent economic trends and conditions, or other relevant factors, an adjustment is made based on management judgment. | ||
Non-Consumer | ||
We estimate the allowance for credit losses for non-consumer receivables based on historical LTR ratios, expected future cash flows, and the fair value of collateral. | ||
Collective Allowance for Credit Losses. We estimate an allowance for non-consumer receivables that are not specifically identified as impaired using a LTR model for each financing product based on historical experience. This LTR is an average of the most recent historical experience and is calculated consistent with the consumer receivables LTR approach. All accounts that are specifically identified as impaired are excluded from the calculation of the non-specific or collective allowance. | ||
Specific Allowance for Impaired Receivables. Dealer financing is evaluated by segmenting individual loans by the risk characteristics of the loan (such as the amount of the loan, the nature of the collateral, and the financial status of the debtor). The loans are analyzed to determine whether individual loans are impaired, and a specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the loan’s original effective interest rate or the fair value of the collateral adjusted for estimated costs to sell. | ||
After establishing the collective and the specific allowance for credit losses, if management believes the allowance does not reflect all losses inherent in the portfolio due to changes in recent economic trends and conditions, or other relevant factors, an adjustment is made based on management judgment. | ||
Inventories [Abstract] | ' | |
Inventory, Policy [Policy Text Block] | ' | |
All inventories are stated at the lower of cost or market. Cost for a substantial portion of U.S. inventories is determined on a last-in, first-out (“LIFO”) basis. LIFO was used for 20% and 18% of total inventories at December 31, 2013 and 2012, respectively. Cost of other inventories is determined by costing methods that approximate a first-in, first-out (“FIFO”) basis. | ||
Equity Method Investments and Joint Ventures [Abstract] | ' | |
Equity Method Investments, Policy [Policy Text Block] | ' | |
We use the equity method of accounting for our investments in entities over which we do not have control, but over whose operating and financial policies we are able to exercise significant influence. | ||
Variable Interest Entities [Abstract] | ' | |
Consolidation, Variable Interest Entity, Policy [Policy Text Block] | ' | |
A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support, or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. | ||
We have the power to direct the activities of an entity when our management has the ability to make key operating decisions, such as decisions regarding capital or product investment or manufacturing production schedules. We have the power to direct the activities of our special purpose entities when we have the ability to exercise discretion in the servicing of financial assets, issue additional debt, exercise a unilateral call option, add assets to revolving structures, or control investment decisions. | ||
Assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims against our general assets. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on our general assets; rather, they represent claims against the specific assets of the consolidated VIEs. | ||
Property, Plant and Equipment [Abstract] | ' | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' | |
Net property includes land, buildings and land improvements, machinery and equipment, tooling, and other assets that we use in our normal operations. These assets are recorded at cost, net of accumulated depreciation and impairments. We capitalize new assets when we expect to use the asset for more than one year. Routine maintenance and repair costs are expensed when incurred. | ||
Property and equipment are depreciated primarily using the straight-line method over the estimated useful life of the asset. Useful lives range from 3 years to 36 years. The estimated useful lives generally are 14.5 years for machinery and equipment, 3 years for software (8 years for mainframe and client based software), 30 years for land improvements, and 36 years for buildings. Tooling generally is amortized over the expected life of a product program using a straight-line method. If the expected production volumes for major product programs associated with tooling decline significantly, we accelerate the amortization reflecting the rate of decline. | ||
Pension and Other Postretirement Plans [Abstract] | ' | |
Pension and Other Postretirement Plans, Policy [Policy Text Block] | ' | |
Defined benefit pension and OPEB plan obligations are measured based on the present value of projected future benefit payments for all participants for services rendered to date. The measurement of projected future benefits is dependent on the provisions of each specific plan, demographics of the group covered by the plan, and other key measurement assumptions. For plans that provide benefits dependent on salary assumptions, we include a projection of salary growth in our measurements. No assumption is made regarding any potential changes to benefit provisions beyond those to which we are presently committed (e.g., in existing labor contracts). | ||
The net periodic benefit costs associated with the Company's defined benefit pension and OPEB plans are determined using assumptions regarding the benefit obligation and the market-related value of plan assets (where applicable) as of the beginning of each year. We have elected to use a market-related value of plan assets to calculate the expected return on assets in net periodic benefit costs. The market-related value recognizes changes in the fair value of plan assets in a systematic manner over five years. Net periodic benefit costs are recorded in Automotive cost of sales and Selling, administrative, and other expenses. The funded status of the benefit plans, which represents the difference between the benefit obligation and fair value of plan assets, is calculated on a plan-by-plan basis. The benefit obligation and related funded status are determined using assumptions as of the end of each year. The impact of plan amendments and actuarial gains and losses are recorded in Accumulated other comprehensive income/(loss), and generally are amortized as a component of net periodic cost over the remaining service period of our active employees. Unamortized gains and losses are amortized only to the extent they exceed 10% of the higher of the market-related value of assets or the benefit obligation of the respective plan (i.e., outside of corridor). | ||
Debt and Commitments [Abstract] | ' | |
Debt, Policy [Policy Text Block] | ' | |
Our debt consists of short-term and long-term secured and unsecured debt securities, convertible debt securities, and unsecured and secured borrowings from banks and other lenders. Debt issuances are placed directly by us or through securities dealers or underwriters and are held by institutional and retail investors. In addition, Ford Credit sponsors securitization programs that provide short-term and long-term asset-backed financing through institutional investors in the U.S. and international capital markets. | ||
Debt is recorded on our balance sheet at par value adjusted for unamortized discount or premium and adjustments related to designated fair value hedges (see Note 16 for policy detail). Discounts, premiums, and costs directly related to the issuance of debt are amortized over the life of the debt or to the put date and are recorded in Interest expense using the effective interest method. Gains and losses on the extinguishment of debt are recorded in Automotive interest income and other income/(expense), net and Financial Services other income/(loss), net. | ||
Derivative Financial Instruments and Hedging Activities [Abstract] | ' | |
Derivatives, Policy [Policy Text Block] | ' | |
The effective portion of changes in the fair value of cash flow hedges is deferred in Accumulated other comprehensive income/(loss) and is recognized in Automotive cost of sales when the hedged item affects earnings. The ineffective portion is reported in Automotive cost of sales in the period of measurement. Our policy is to de-designate cash flow hedges prior to the time forecasted transactions are recognized as assets or liabilities on the balance sheet and report subsequent changes in fair value through Automotive cost of sales. If it becomes probable that the originally-forecasted transaction will not occur, the related amount included in Accumulated other comprehensive income/(loss) is reclassified and recognized in earnings. The majority of our cash flow hedges mature in two years or less. | ||
Fair Value Hedges. Our Financial Services sector uses derivatives to reduce the risk of changes in the fair value of debt. We have designated certain receive-fixed, pay-float interest rate swaps as fair value hedges of fixed-rate debt. The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate. If the hedge relationship is deemed to be highly effective, we record the changes in the fair value of the hedged debt related to the risk being hedged in Financial Services debt with the offset in Financial Services other income/(loss), net. The change in fair value of the related derivative (excluding accrued interest) also is recorded in Financial Services other income/(loss), net. Net interest settlements and accruals on fair value hedges are excluded from the assessment of hedge effectiveness and are reported in Interest expense. The cash flows associated with fair value hedges are reported in Net cash provided by/(used in) operating activities on our statement of cash flows. | ||
Hedge ineffectiveness is the difference between the change in fair value of the derivative instrument and the change in fair value of the hedged item attributable to changes in the benchmark interest rate. Ineffectiveness is recorded directly to income. | ||
When a fair value hedge is de-designated, or when the derivative is terminated before maturity, the fair value adjustment to the hedged debt continues to be reported as part of the carrying value of the debt and is amortized over its remaining life. | ||
Derivatives Not Designated as Hedging Instruments. Our Automotive sector reports changes in the fair value of derivatives not designated as hedging instruments through Automotive cost of sales. Cash flows associated with non-designated or de-designated derivatives are reported in Net cash provided by/(used in) investing activities on our statements of cash flows. | ||
Our Financial Services sector reports net interest settlements and accruals and changes in the fair value of interest rate swaps not designated as hedging instruments in Financial Services other income/(loss) net. Foreign currency revaluation on accrued interest along with gains and losses on foreign exchange contracts and cross currency interest rate swaps are reported in Financial Services other income/(loss) net. Cash flows associated with non-designated or de-designated derivatives are reported in Net cash provided by/(used in) investing activities on our statements of cash flows. | ||
Share-based Compensation [Abstract] | ' | |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |
We grant time-based and performance-based RSUs to our employees. RSUs provide the recipients with the right to shares of Common Stock after a restriction period. We measure the fair value using the closing price of our Common Stock on grant date. | ||
Time-based RSUs generally have a graded vesting feature whereby one-third of each grant of RSUs vests after the first anniversary of the grant date, one-third after the second anniversary, and one-third after the third anniversary. Performance-based RSUs have a performance period (usually one year) followed by a restriction period (usually two years). | ||
NOTE 20. SHARE-BASED COMPENSATION (Continued) | ||
We also grant stock options to our employees. We measure the fair value of our stock options using the Black-Scholes option-pricing model, using historical volatility and our determination of the expected term. The expected term of stock options is the time period that the stock options are expected to be outstanding. Historical data are used to estimate option exercise behaviors and employee termination experience. | ||
Stock options generally have a vesting feature whereby one-third of each grant of stock options are exercisable after the first anniversary of the grant date, one-third after the second anniversary, and one-third after the third anniversary. Stock options expire 10 years from the grant date | ||
EMPLOYEE SEPARATION ACTIONS [Abstract] | ' | |
Employee Separation Actions [Policy Text Block] | ' | |
We record costs associated with voluntary separations at the time of employee acceptance, unless the acceptance requires explicit approval by the Company. We record costs associated with involuntary separation programs when management has approved the plan for separation, the affected employees are identified, and it is unlikely that actions required to complete the separation plan will change significantly. When a plan of separation requires approval by or consultation with the relevant labor organization or government, the costs are recorded after the required approval or consultation process is complete. Costs associated with benefits that are contingent on the employee continuing to provide service are accrued over the required service period. | ||
Additionally, under certain labor agreements, we are required to pay transitional benefits to our employees who are idled. For employees who will be temporarily idled, we expense the benefits on an as-incurred basis. For employees who will be permanently idled, we expense all of the future benefits payments in the period when it is probable that the employees will be permanently idled. Our reserve balance for these future benefit payments to permanently idled employees takes into account several factors: the demographics of the population at each affected facility, redeployment alternatives, estimate of benefits to be paid, and recent experience relative to voluntary redeployments. | ||
Income Taxes [Abstract] | ' | |
Income Taxes, Policy [Policy Text Block] | ' | |
Deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences that exist between the financial statement carrying value of assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards on a taxing jurisdiction basis. We measure deferred tax assets and liabilities using enacted tax rates that will apply in the years in which we expect the temporary differences to be recovered or paid. | ||
Our accounting for deferred tax consequences represents our best estimate of the likely future tax consequences of events that have been recognized on our financial statements or tax returns and their future probability. In assessing the need for a valuation allowance, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets. If, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be realized, we record a valuation allowance. | ||
DISPOSITIONS AND OTHER CHANGES IN INVESTMENTS IN AFFILIATES [Abstract] | ' | |
Held For Sale Operations [Policy Text Block] | ' | |
We classify assets and liabilities as held for sale (“disposal group”) when management, having the authority to approve the action, commits to a plan to sell the disposal group, the sale is probable within one year, and the disposal group is available for immediate sale in its present condition. We also consider whether an active program to locate a buyer has been initiated, whether the disposal group is marketed actively for sale at a price that is reasonable in relation to its current fair value, and whether actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. We classify a disposal group as a discontinued operation when the criteria to be classified as held for sale have been met and we will not have any significant involvement with the disposal group after the sale. | ||
When we classify a disposal group as held for sale, we test for impairment. An impairment charge is recognized when the carrying value of the disposal group exceeds the estimated fair value, less transaction costs. We also cease depreciation for assets classified as held for sale. | ||
We aggregate the assets and liabilities of all held-for-sale disposal groups on the balance sheet for the period in which the disposal group is held for sale. To provide comparative balance sheets, we also aggregate the assets and liabilities for significant held-for-sale disposal groups on the prior-period balance sheet. | ||
Capital Stock and Amounts Per Share [Abstract] | ' | |
Earnings Per Share, Policy [Policy Text Block] | ' | |
We present both basic and diluted earnings per share (“EPS”) amounts in our financial reporting. Basic EPS excludes dilution and is computed by dividing income available to Common and Class B Stock holders by the weighted-average number of Common and Class B Stock outstanding for the period. Diluted EPS reflects the maximum potential dilution that could occur from our share-based compensation, including “in-the-money” stock options and unvested restricted stock units, and conversion into Ford Common Stock of our outstanding convertible notes. Potential dilutive shares are excluded from the calculation if they have an anti-dilutive effect in the period. | ||
Commitments and Contingencies [Abstract] | ' | |
Commitments and Contingencies, Policy [Policy Text Block] | ' | |
Litigation and claims are accrued when losses are deemed probable and reasonably estimable | ||
Estimated warranty costs are accrued for at the time the vehicle is sold to a dealer. Included in warranty cost accruals are the costs for basic warranty coverages and field service actions (i.e., product recalls and owner notification programs) on products sold. | ||
Guarantees and indemnifications are recorded at fair value at their inception. |
Presentation_Tables
Presentation (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||
Reconciliation from Sector to Consolidated Balance Sheet [Table Text Block] | ' | |||||||||||||||
The reconciliation between the totals for the sector and consolidated balance sheets was as follows (in millions): | ||||||||||||||||
December 31, | December 31, | |||||||||||||||
2013 | 2012 | |||||||||||||||
Sector balance sheet presentation of deferred income tax assets | ||||||||||||||||
Automotive sector current deferred income tax assets | $ | 1,574 | $ | 3,488 | ||||||||||||
Automotive sector non-current deferred income tax assets | 13,283 | 13,325 | ||||||||||||||
Financial Services sector deferred income tax assets (a) | 184 | 184 | ||||||||||||||
Total | 15,041 | 16,997 | ||||||||||||||
Reclassification for netting of deferred income taxes | (1,726 | ) | (1,812 | ) | ||||||||||||
Consolidated balance sheet presentation of deferred income tax assets | $ | 13,315 | $ | 15,185 | ||||||||||||
Sector balance sheet presentation of deferred income tax liabilities | ||||||||||||||||
Automotive sector current deferred income tax liabilities | $ | 267 | $ | 81 | ||||||||||||
Automotive sector non-current deferred income tax liabilities | 430 | 514 | ||||||||||||||
Financial Services sector deferred income tax liabilities | 1,627 | 1,687 | ||||||||||||||
Total | 2,324 | 2,282 | ||||||||||||||
Reclassification for netting of deferred income taxes | (1,726 | ) | (1,812 | ) | ||||||||||||
Consolidated balance sheet presentation of deferred income tax liabilities | $ | 598 | $ | 470 | ||||||||||||
__________ | ||||||||||||||||
(a) | Financial Services deferred income tax assets are included in Financial Services other assets on our sector balance sheet | |||||||||||||||
Reconciliation from Sector to Consolidated Cash Flows [Table Text Block] | ' | |||||||||||||||
The reconciliation between totals for the sector and consolidated cash flows for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Automotive net cash provided by/(used in) operating activities | $ | 7,738 | $ | 6,266 | $ | 9,368 | ||||||||||
Financial Services net cash provided by/(used in) operating activities | 3,352 | 2,043 | 418 | |||||||||||||
Total sector net cash provided by/(used in) operating activities (Note 25) | 11,090 | 8,309 | 9,786 | |||||||||||||
Reclassifications from investing to operating cash flows | ||||||||||||||||
Purchases/Collections of wholesale receivables (a) | (2,971 | ) | (1,235 | ) | (2,010 | ) | ||||||||||
Purchases/Collections of other receivables (b) | (73 | ) | 57 | 21 | ||||||||||||
Payments of interest supplements and residual support (c) | 2,398 | 1,914 | 1,987 | |||||||||||||
Consolidated net cash provided by/(used in) operating activities | $ | 10,444 | $ | 9,045 | $ | 9,784 | ||||||||||
Automotive net cash provided by/(used in) investing activities | $ | (8,111 | ) | $ | (8,024 | ) | $ | (1,541 | ) | |||||||
Financial Services net cash provided by/(used in) investing activities | (11,821 | ) | (4,404 | ) | 1,401 | |||||||||||
Total sector net cash provided by/(used in) investing activities | (19,932 | ) | (12,428 | ) | (140 | ) | ||||||||||
Reclassifications from investing to operating cash flows | ||||||||||||||||
Purchases/Collections of wholesale receivables (a) | 2,971 | 1,235 | 2,010 | |||||||||||||
Purchases/Collections of other receivables (b) | 73 | (57 | ) | (21 | ) | |||||||||||
Payments of interest supplements and residual support (c) | (2,398 | ) | (1,914 | ) | (1,987 | ) | ||||||||||
Reclassifications from investing to financing cash flows | ||||||||||||||||
Maturity of Financial Services sector debt held by Automotive sector (d) | — | (201 | ) | — | ||||||||||||
Elimination of investing activity to/(from) Financial Services in consolidation | (445 | ) | (925 | ) | (2,903 | ) | ||||||||||
Consolidated net cash provided by/(used in) investing activities | $ | (19,731 | ) | $ | (14,290 | ) | $ | (3,041 | ) | |||||||
Automotive net cash provided by/(used in) financing activities | $ | (822 | ) | $ | 40 | $ | (5,932 | ) | ||||||||
Financial Services net cash provided by/(used in) financing activities | 8,510 | 2,539 | (1,212 | ) | ||||||||||||
Total sector net cash provided by/(used in) financing activities | 7,688 | 2,579 | (7,144 | ) | ||||||||||||
Reclassifications from investing to financing cash flows | ||||||||||||||||
Maturity of Financial Services sector debt held by Automotive sector (d) | — | 201 | — | |||||||||||||
Elimination of investing activity to/(from) Financial Services in consolidation | 445 | 925 | 2,903 | |||||||||||||
Consolidated net cash provided by/(used in) financing activities | $ | 8,133 | $ | 3,705 | $ | (4,241 | ) | |||||||||
__________ | ||||||||||||||||
(a) | In addition to the cash flow from vehicles sold by us, the cash flow from wholesale finance receivables (being reclassified from investing to operating) includes dealer financing by Ford Credit of used and non-Ford vehicles. One hundred percent of cash flows from these wholesale finance receivables have been reclassified for consolidated presentation as the portion of these cash flows from used and non-Ford vehicles is impracticable to separate. | |||||||||||||||
(b) | Includes cash flows of other receivables purchased/collected by the Financial Services sector from certain divisions and subsidiaries of the Automotive sector. | |||||||||||||||
(c) | Payments from Automotive sector to Ford Credit on behalf of the retail customer that represent interest supplements and residual support. | |||||||||||||||
(d) | Cash inflows related to these transactions are reported as financing activities on the consolidated statement of cash flows and investing activities on the sector statement of cash flows. | |||||||||||||||
Schedule Of Sector Transactions Text Block [Table Text Block] | ' | |||||||||||||||
Additional detail regarding certain transactions and the effect on each sector’s balance sheet was as follows (in billions): | ||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||
Automotive | Financial | Automotive | Financial | |||||||||||||
Services | Services | |||||||||||||||
Finance receivables, net (a) | $ | 3.3 | $ | 4.8 | ||||||||||||
Unearned interest supplements and residual support (b) | (3.1 | ) | (2.6 | ) | ||||||||||||
Wholesale receivables/Other (c) | 0.8 | 0.8 | ||||||||||||||
Net investment in operating leases (d) | 0.6 | 0.5 | ||||||||||||||
Intersector receivables/(payables) (e) | $ | (0.2 | ) | 0.2 | $ | (0.3 | ) | 0.3 | ||||||||
__________ | ||||||||||||||||
(a) | Automotive sector receivables (generated primarily from vehicle and parts sales to third parties) sold to Ford Credit. These receivables are classified as Other receivables, net on our consolidated balance sheet and Finance receivables, net on our sector balance sheet. | |||||||||||||||
(b) | We pay amounts to Ford Credit at the point of retail financing or lease origination that represent interest supplements and residual support. | |||||||||||||||
(c) | Primarily wholesale receivables with entities that are consolidated subsidiaries of Ford. | |||||||||||||||
(d) | Sale-leaseback agreement between Automotive and Financial Services sectors relating to vehicles that we lease to our employees. | |||||||||||||||
(e) | Amounts owed to the Financial Services sector by Automotive sector, or vice versa. |
Summary_of_Accounting_Policies2
Summary of Accounting Policies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
SUMMARY OF ACCOUNTING POLICIES [Abstract] | ' | |||||||||||
Schedule of Other Costs [Table Text Block] | ' | |||||||||||
Engineering, research, development, and advertising expenses for the years ended December 31 were as follows (in billions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Engineering, research, and development | $ | 6.4 | $ | 5.5 | $ | 5.3 | ||||||
Advertising | 4.4 | 4 | 4.1 | |||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||
Input Hierarchy of Items Measured at Fair Value on a Recurring Basis [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following tables categorize the fair values of items measured at fair value on a recurring basis on our balance sheet (in millions): | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Cash equivalents – financial instruments | ||||||||||||||||||||||||||||||||
U.S. government | $ | — | $ | 9 | $ | — | $ | 9 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
U.S. government-sponsored enterprises | — | 24 | — | 24 | — | 718 | — | 718 | ||||||||||||||||||||||||
Non-U.S. government | — | 200 | — | 200 | — | 139 | — | 139 | ||||||||||||||||||||||||
Non-U.S. government agencies (a) | — | — | — | — | — | 365 | — | 365 | ||||||||||||||||||||||||
Total cash equivalents – financial instruments (b) | — | 233 | — | 233 | — | 1,222 | — | 1,222 | ||||||||||||||||||||||||
Marketable securities | ||||||||||||||||||||||||||||||||
U.S. government | 3,752 | — | — | 3,752 | 4,493 | — | — | 4,493 | ||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | 6,596 | — | 6,596 | — | 5,459 | — | 5,459 | ||||||||||||||||||||||||
Non-U.S. government agencies (a) | — | 5,423 | — | 5,423 | — | 4,794 | — | 4,794 | ||||||||||||||||||||||||
Corporate debt | — | 2,623 | — | 2,623 | — | 1,871 | — | 1,871 | ||||||||||||||||||||||||
Mortgage-backed and other asset-backed | — | 295 | — | 295 | — | 25 | — | 25 | ||||||||||||||||||||||||
Equities | 341 | — | — | 341 | 142 | — | — | 142 | ||||||||||||||||||||||||
Non-U.S. government | — | 1,115 | — | 1,115 | — | 1,367 | — | 1,367 | ||||||||||||||||||||||||
Other liquid investments (c) | — | 12 | — | 12 | — | 27 | — | 27 | ||||||||||||||||||||||||
Total marketable securities | 4,093 | 16,064 | — | 20,157 | 4,635 | 13,543 | — | 18,178 | ||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | — | 557 | — | 557 | — | 218 | — | 218 | ||||||||||||||||||||||||
Commodity contracts | — | 22 | 1 | 23 | — | 19 | 4 | 23 | ||||||||||||||||||||||||
Total derivative financial instruments (d) | — | 579 | 1 | 580 | — | 237 | 4 | 241 | ||||||||||||||||||||||||
Total assets at fair value | $ | 4,093 | $ | 16,876 | $ | 1 | $ | 20,970 | $ | 4,635 | $ | 15,002 | $ | 4 | $ | 19,641 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | — | $ | 399 | $ | — | $ | 399 | $ | — | $ | 486 | $ | — | $ | 486 | ||||||||||||||||
Commodity contracts | — | 17 | 2 | 19 | — | 112 | 12 | 124 | ||||||||||||||||||||||||
Total derivative financial instruments (d) | — | 416 | 2 | 418 | — | 598 | 12 | 610 | ||||||||||||||||||||||||
Total liabilities at fair value | $ | — | $ | 416 | $ | 2 | $ | 418 | $ | — | $ | 598 | $ | 12 | $ | 610 | ||||||||||||||||
__________ | ||||||||||||||||||||||||||||||||
(a) | Includes notes issued by non-U.S. government agencies, as well as notes issued by supranational institutions. | |||||||||||||||||||||||||||||||
(b) | Excludes time deposits, certificates of deposit, money market accounts, and other cash equivalents reported at par value on our balance sheet totaling $2.7 billion and $3 billion at December 31, 2013 and 2012, respectively, for the Automotive sector. In addition to these cash equivalents, our Automotive sector also had cash on hand totaling $2 billion and $2 billion at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||
(c) | Includes certificates of deposit and time deposits subject to changes in value. | |||||||||||||||||||||||||||||||
(d) | See Note 16 for additional information regarding derivative financial instruments. | |||||||||||||||||||||||||||||||
NOTE 4. FAIR VALUE MEASUREMENTS (Continued) | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Cash equivalents – financial instruments | ||||||||||||||||||||||||||||||||
U.S. government | $ | — | $ | — | $ | — | $ | — | $ | 200 | $ | — | $ | — | $ | 200 | ||||||||||||||||
U.S. government-sponsored enterprises | — | — | — | — | — | 20 | — | 20 | ||||||||||||||||||||||||
Non-U.S. government | — | 24 | — | 24 | — | 103 | — | 103 | ||||||||||||||||||||||||
Corporate debt | — | — | — | — | — | 1 | — | 1 | ||||||||||||||||||||||||
Total cash equivalents – financial instruments (a) | — | 24 | — | 24 | 200 | 124 | — | 324 | ||||||||||||||||||||||||
Marketable securities | ||||||||||||||||||||||||||||||||
U.S. government | 418 | — | — | 418 | 620 | — | — | 620 | ||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | 25 | — | 25 | — | 12 | — | 12 | ||||||||||||||||||||||||
Non-U.S. government agencies | — | 128 | — | 128 | — | 95 | — | 95 | ||||||||||||||||||||||||
Corporate debt | — | 1,273 | — | 1,273 | — | 1,155 | — | 1,155 | ||||||||||||||||||||||||
Mortgage-backed and other asset-backed | — | 43 | — | 43 | — | 67 | — | 67 | ||||||||||||||||||||||||
Non-U.S. government | — | 56 | — | 56 | — | 142 | — | 142 | ||||||||||||||||||||||||
Other liquid investments (b) | — | — | — | — | — | 15 | — | 15 | ||||||||||||||||||||||||
Total marketable securities | 418 | 1,525 | — | 1,943 | 620 | 1,486 | — | 2,106 | ||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Interest rate contracts | — | 584 | — | 584 | — | 1,291 | — | 1,291 | ||||||||||||||||||||||||
Foreign currency exchange contracts | — | 1 | — | 1 | — | 9 | — | 9 | ||||||||||||||||||||||||
Cross-currency interest rate swap contracts | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Total derivative financial instruments (c) | — | 585 | — | 585 | — | 1,300 | — | 1,300 | ||||||||||||||||||||||||
Total assets at fair value | $ | 418 | $ | 2,134 | $ | — | $ | 2,552 | $ | 820 | $ | 2,910 | $ | — | $ | 3,730 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivative financial instruments | ||||||||||||||||||||||||||||||||
Interest rate contracts | $ | — | $ | 305 | $ | — | $ | 305 | $ | — | $ | 256 | $ | — | $ | 256 | ||||||||||||||||
Foreign currency exchange contracts | — | 25 | — | 25 | — | 8 | — | 8 | ||||||||||||||||||||||||
Cross-currency interest rate swap contracts | — | 176 | — | 176 | — | 117 | — | 117 | ||||||||||||||||||||||||
Total derivative financial instruments (c) | — | 506 | — | 506 | — | 381 | — | 381 | ||||||||||||||||||||||||
Total liabilities at fair value | $ | — | $ | 506 | $ | — | $ | 506 | $ | — | $ | 381 | $ | — | $ | 381 | ||||||||||||||||
__________ | ||||||||||||||||||||||||||||||||
(a) | Excludes time deposits, certificates of deposit, and money market accounts reported at par value on our balance sheet totaling $6.7 billion and $6.5 billion at December 31, 2013 and 2012, respectively. In addition to these cash equivalents, we also had cash on hand totaling $2.8 billion and $2.6 billion at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||
(b) | Includes certificates of deposit and time deposits subject to changes in value. | |||||||||||||||||||||||||||||||
(c) | See Note 16 for additional information regarding derivative financial instruments. | |||||||||||||||||||||||||||||||
Restricted_Cash_Tables
Restricted Cash (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Restricted Cash and Investments [Abstract] | ' | |||||||
Schedule of Restricted Cash [Table Text Block] | ' | |||||||
Restricted cash balances were as follows (in millions): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Automotive sector | $ | 14 | $ | 172 | ||||
Financial Services sector | 172 | 172 | ||||||
Total Company | $ | 186 | $ | 344 | ||||
Finance_Receivables_Tables
Finance Receivables (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Financing Receivables [Line Items] | ' | |||||||||||||||||||||||
Net finance receivables [Table Text Block] | ' | |||||||||||||||||||||||
Finance receivables, net were as follows (in millions): | ||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||
North | International | Total Finance Receivables | North | International | Total Finance Receivables | |||||||||||||||||||
America | America | |||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Retail financing, gross | $ | 40,902 | $ | 10,797 | $ | 51,699 | $ | 39,504 | $ | 10,460 | $ | 49,964 | ||||||||||||
Less: Unearned interest supplements | (1,255 | ) | (247 | ) | (1,502 | ) | (1,264 | ) | (287 | ) | (1,551 | ) | ||||||||||||
Consumer finance receivables | 39,647 | 10,550 | 50,197 | 38,240 | 10,173 | 48,413 | ||||||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Dealer financing | 22,072 | 7,833 | 29,905 | 19,429 | 7,242 | 26,671 | ||||||||||||||||||
Other | 732 | 339 | 1,071 | 689 | 386 | 1,075 | ||||||||||||||||||
Non-Consumer finance receivables | 22,804 | 8,172 | 30,976 | 20,118 | 7,628 | 27,746 | ||||||||||||||||||
Total recorded investment | $ | 62,451 | $ | 18,722 | $ | 81,173 | $ | 58,358 | $ | 17,801 | $ | 76,159 | ||||||||||||
Recorded investment in finance receivables | $ | 62,451 | $ | 18,722 | $ | 81,173 | $ | 58,358 | $ | 17,801 | $ | 76,159 | ||||||||||||
Less: Allowance for credit losses | (280 | ) | (77 | ) | (357 | ) | (309 | ) | (80 | ) | (389 | ) | ||||||||||||
Finance receivables, net (a) | $ | 62,171 | $ | 18,645 | $ | 80,816 | $ | 58,049 | $ | 17,721 | $ | 75,770 | ||||||||||||
Net finance receivables subject to fair value (b) | $ | 79,149 | $ | 73,618 | ||||||||||||||||||||
Fair value | 80,838 | 75,618 | ||||||||||||||||||||||
__________ | ||||||||||||||||||||||||
(a) | At December 31, 2013 and 2012, Finance receivables, net on the consolidated balance sheet were $77.5 billion and $71 billion, respectively. The balance is comprised of Financial Services sector finance receivables of $80.8 billion and $75.8 billion, respectively, net of $3.3 billion and $4.8 billion, respectively, of receivables purchased by Financial Services sector from Automotive sector, which are reclassified to Other receivables, net. | |||||||||||||||||||||||
(b) | At December 31, 2013 and 2012, excludes $1.7 billion and $2.2 billion, respectively, of certain receivables (primarily direct financing leases) that are not subject to fair value disclosure requirements. | |||||||||||||||||||||||
Schedule of Financing Receivables, Minimum Payments [Table Text Block] | ' | |||||||||||||||||||||||
Contractual maturities of total finance receivables outstanding at December 31, 2013 reflect contractual repayments due from customers or borrowers as follows (in millions): | ||||||||||||||||||||||||
Due in Year Ending December 31, | ||||||||||||||||||||||||
2014 | 2015 | 2016 | Thereafter | Total | ||||||||||||||||||||
North America | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Retail financing, gross | $ | 11,808 | $ | 10,134 | $ | 8,487 | $ | 10,473 | $ | 40,902 | ||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Dealer financing | 20,375 | 581 | 152 | 964 | 22,072 | |||||||||||||||||||
Other | 729 | 2 | 1 | — | 732 | |||||||||||||||||||
Total North America | $ | 32,912 | $ | 10,717 | $ | 8,640 | $ | 11,437 | $ | 63,706 | ||||||||||||||
International | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Retail financing, gross | $ | 3,842 | $ | 3,363 | $ | 2,207 | $ | 1,385 | $ | 10,797 | ||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Dealer financing | 6,962 | 809 | 44 | 18 | 7,833 | |||||||||||||||||||
Other | 339 | — | — | — | 339 | |||||||||||||||||||
Total International | $ | 11,143 | $ | 4,172 | $ | 2,251 | $ | 1,403 | $ | 18,969 | ||||||||||||||
Schedule of Direct Financing Leases [Table Text Block] | ' | |||||||||||||||||||||||
Investment in direct financing leases, which are included in consumer receivables, were as follows (in millions): | ||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||
North America | International | Total Direct Financing Leases | North America | International | Total Direct Financing Leases | |||||||||||||||||||
Total minimum lease rentals to be received | $ | 216 | $ | 1,468 | $ | 1,684 | $ | 58 | $ | 1,466 | $ | 1,524 | ||||||||||||
Initial direct costs | 4 | 15 | 19 | 1 | 16 | 17 | ||||||||||||||||||
Estimated residual values | — | 143 | 143 | — | 851 | 851 | ||||||||||||||||||
Less: Unearned income | (22 | ) | (116 | ) | (138 | ) | (7 | ) | (152 | ) | (159 | ) | ||||||||||||
Less: Unearned interest supplements | — | (40 | ) | (40 | ) | — | (82 | ) | (82 | ) | ||||||||||||||
Recorded investment in direct financing leases | 198 | 1,470 | 1,668 | 52 | 2,099 | 2,151 | ||||||||||||||||||
Less: Allowance for credit losses | (2 | ) | (5 | ) | (7 | ) | (1 | ) | (8 | ) | (9 | ) | ||||||||||||
Net investment in direct financing leases | $ | 196 | $ | 1,465 | $ | 1,661 | $ | 51 | $ | 2,091 | $ | 2,142 | ||||||||||||
Schedule Of Future Minimum Rental Payments Due From Direct Financing Leases [Table Text Block] | ' | |||||||||||||||||||||||
Future minimum rental payments due from direct financing leases at December 31, 2013 were as follows (in millions): | ||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | Thereafter | ||||||||||||||||||||
North America | $ | 73 | $ | 52 | $ | 50 | $ | 28 | $ | 13 | ||||||||||||||
International | 568 | 459 | 272 | 139 | 30 | |||||||||||||||||||
Aging analysis for total finance receivables [Text Block] | ' | |||||||||||||||||||||||
The aging analysis of our finance receivables balances at December 31 were as follows (in millions): | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
North America | International | Total | North America | International | Total | |||||||||||||||||||
Consumer | ||||||||||||||||||||||||
31-60 days past due | $ | 715 | $ | 39 | $ | 754 | $ | 783 | $ | 50 | $ | 833 | ||||||||||||
61-90 days past due | 88 | 17 | 105 | 97 | 18 | 115 | ||||||||||||||||||
91-120 days past due | 18 | 9 | 27 | 21 | 9 | 30 | ||||||||||||||||||
Greater than 120 days past due | 37 | 26 | 63 | 52 | 29 | 81 | ||||||||||||||||||
Total past due | 858 | 91 | 949 | 953 | 106 | 1,059 | ||||||||||||||||||
Current | 38,789 | 10,459 | 49,248 | 37,287 | 10,067 | 47,354 | ||||||||||||||||||
Consumer finance receivables | 39,647 | 10,550 | 50,197 | 38,240 | 10,173 | 48,413 | ||||||||||||||||||
Non-Consumer | ||||||||||||||||||||||||
Total past due | 49 | 40 | 89 | 29 | 11 | 40 | ||||||||||||||||||
Current | 22,755 | 8,132 | 30,887 | 20,089 | 7,617 | 27,706 | ||||||||||||||||||
Non-Consumer finance receivables | 22,804 | 8,172 | 30,976 | 20,118 | 7,628 | 27,746 | ||||||||||||||||||
Total recorded investment | $ | 62,451 | $ | 18,722 | $ | 81,173 | $ | 58,358 | $ | 17,801 | $ | 76,159 | ||||||||||||
Non-consumer [Member] | ' | |||||||||||||||||||||||
Financing Receivables [Line Items] | ' | |||||||||||||||||||||||
Financing receivable credit quality indicators [Table Text Block] | ' | |||||||||||||||||||||||
The credit quality analysis of our dealer financing receivables at December 31 was as follows (in millions): | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
North America | International | Total | North America | International | Total | |||||||||||||||||||
Dealer Financing | ||||||||||||||||||||||||
Group I | $ | 18,357 | $ | 5,051 | $ | 23,408 | $ | 16,526 | $ | 4,551 | $ | 21,077 | ||||||||||||
Group II | 3,289 | 2,092 | 5,381 | 2,608 | 1,405 | 4,013 | ||||||||||||||||||
Group III | 424 | 649 | 1,073 | 277 | 1,279 | 1,556 | ||||||||||||||||||
Group IV | 2 | 41 | 43 | 18 | 7 | 25 | ||||||||||||||||||
Total recorded investment | $ | 22,072 | $ | 7,833 | $ | 29,905 | $ | 19,429 | $ | 7,242 | $ | 26,671 | ||||||||||||
Net_Investment_in_Operating_Le1
Net Investment in Operating Leases (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
NET INVESTMENT IN OPERATING LEASES [Abstract] | ' | |||||||||||||||||||||||
Schedule of Property Subject to or Available for Operating Lease [Table Text Block] | ' | |||||||||||||||||||||||
The net investment in operating leases was as follows (in millions): | ||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||
Vehicles, net of depreciation | $ | 1,384 | $ | 1,415 | ||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||
Vehicles and other equipment, at cost (a) | 21,738 | 16,258 | ||||||||||||||||||||||
Accumulated depreciation | (3,115 | ) | (2,347 | ) | ||||||||||||||||||||
Allowance for credit losses | (23 | ) | (23 | ) | ||||||||||||||||||||
Total Financial Services sector | 18,600 | 13,888 | ||||||||||||||||||||||
Total Company | $ | 19,984 | $ | 15,303 | ||||||||||||||||||||
__________ | ||||||||||||||||||||||||
(a) | Includes Ford Credit’s operating lease assets of $8.1 billion and $6.3 billion at December 31, 2013 and 2012, respectively, for which the related cash flows have been used to secure certain lease securitization transactions. Cash flows associated with the net investment in operating leases are available only for payment of the debt or other obligations issued or arising in the securitization transactions; they are not available to pay other obligations or the claims of other creditors. | |||||||||||||||||||||||
Schedule of Operating Lease Depreciation Expense [Table Text Block] | ' | |||||||||||||||||||||||
Operating lease depreciation expense (which includes gains and losses on disposal of assets) for the years ended December 31 was as follows (in millions): | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Operating lease depreciation expense | $ | 2,411 | $ | 1,795 | $ | 1,140 | ||||||||||||||||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | |||||||||||||||||||||||
The amounts contractually due for minimum rentals on operating leases as of December 31, 2013 are as follows (in millions): | ||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | Thereafter | Total | |||||||||||||||||||
Minimum rentals on operating leases | $ | 2,618 | $ | 2,217 | $ | 1,578 | $ | 221 | $ | 49 | $ | 6,683 | ||||||||||||
Allowance_for_Credit_Losses_Ta
Allowance for Credit Losses (Tables) (Financial Services [Member]) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Financial Services [Member] | ' | |||||||||||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | |||||||||||||||||||
Allowance For Credit Losses on Financing And Loans And Leases Receivable [Table Text Block] | ' | |||||||||||||||||||
Following is an analysis of the allowance for credit losses related to finance receivables and net investment in operating leases for the years ended December 31 (in millions): | ||||||||||||||||||||
2013 | ||||||||||||||||||||
Finance Receivables | Net Investment in | |||||||||||||||||||
Consumer | Non-Consumer | Total | Operating Leases | Total Allowance | ||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||
Beginning balance | $ | 360 | $ | 29 | $ | 389 | $ | 23 | $ | 412 | ||||||||||
Charge-offs | (289 | ) | (15 | ) | (304 | ) | (68 | ) | (372 | ) | ||||||||||
Recoveries | 144 | 5 | 149 | 47 | 196 | |||||||||||||||
Provision for credit losses | 112 | 12 | 124 | 22 | 146 | |||||||||||||||
Other (a) | — | (1 | ) | (1 | ) | (1 | ) | (2 | ) | |||||||||||
Ending balance | $ | 327 | $ | 30 | $ | 357 | $ | 23 | $ | 380 | ||||||||||
Analysis of ending balance of allowance for | ||||||||||||||||||||
credit losses | ||||||||||||||||||||
Collective impairment allowance | $ | 304 | $ | 28 | $ | 332 | $ | 23 | $ | 355 | ||||||||||
Specific impairment allowance | 23 | 2 | 25 | — | 25 | |||||||||||||||
Ending balance | 327 | 30 | 357 | 23 | $ | 380 | ||||||||||||||
Analysis of ending balance of finance receivables and net investment in operating leases | ||||||||||||||||||||
Collectively evaluated for impairment | 49,762 | 30,905 | 80,667 | 18,623 | ||||||||||||||||
Specifically evaluated for impairment | 435 | 71 | 506 | — | ||||||||||||||||
Recorded investment | 50,197 | 30,976 | 81,173 | 18,623 | ||||||||||||||||
Ending balance, net of allowance for credit losses | $ | 49,870 | $ | 30,946 | $ | 80,816 | $ | 18,600 | ||||||||||||
__________ | ||||||||||||||||||||
(a) | Represents amounts related to translation adjustments. | |||||||||||||||||||
2012 | ||||||||||||||||||||
Finance Receivables | Net Investment in | |||||||||||||||||||
Consumer | Non-Consumer | Total | Operating Leases | Total Allowance | ||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||
Beginning balance | $ | 457 | $ | 44 | $ | 501 | $ | 40 | $ | 541 | ||||||||||
Charge-offs | (316 | ) | (8 | ) | (324 | ) | (47 | ) | (371 | ) | ||||||||||
Recoveries | 171 | 12 | 183 | 49 | 232 | |||||||||||||||
Provision for credit losses | 45 | (19 | ) | 26 | (19 | ) | 7 | |||||||||||||
Other (a) | 3 | — | 3 | — | 3 | |||||||||||||||
Ending balance | $ | 360 | $ | 29 | $ | 389 | $ | 23 | $ | 412 | ||||||||||
Analysis of ending balance of allowance for | ||||||||||||||||||||
credit losses | ||||||||||||||||||||
Collective impairment allowance | $ | 341 | $ | 27 | $ | 368 | $ | 23 | $ | 391 | ||||||||||
Specific impairment allowance | 19 | 2 | 21 | — | 21 | |||||||||||||||
Ending balance | 360 | 29 | 389 | 23 | $ | 412 | ||||||||||||||
Analysis of ending balance of finance receivables and net investment in operating leases | ||||||||||||||||||||
Collectively evaluated for impairment | 47,991 | 27,699 | 75,690 | 13,911 | ||||||||||||||||
Specifically evaluated for impairment | 422 | 47 | 469 | — | ||||||||||||||||
Recorded investment | 48,413 | 27,746 | 76,159 | 13,911 | ||||||||||||||||
Ending balance, net of allowance for credit losses | $ | 48,053 | $ | 27,717 | $ | 75,770 | $ | 13,888 | ||||||||||||
__________ | ||||||||||||||||||||
(a) | Represents amounts related to translation adjustments. |
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Schedule of Inventory [Table Text Block] | ' | |||||||
Inventories were as follows (in millions): | ||||||||
December 31, 2013 | December 31, | |||||||
2012 | ||||||||
Raw materials, work-in-process, and supplies | $ | 3,613 | $ | 3,697 | ||||
Finished products | 5,058 | 4,614 | ||||||
Total inventories under FIFO | 8,671 | 8,311 | ||||||
Less: LIFO adjustment | (963 | ) | (949 | ) | ||||
Total inventories | $ | 7,708 | $ | 7,362 | ||||
Equity_in_Net_Assets_of_Affili1
Equity in Net Assets of Affiliated Companies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
EQUITY IN NET ASSETS OF AFFILIATED COMPANIES [Abstract] | ' | |||||||||||
Schedule of Equity Method Investments [Table Text Block] | ' | |||||||||||
Ownership Percentage | Investment Balance | |||||||||||
Automotive Sector | December 31, | December 31, | December 31, | |||||||||
2013 | 2013 | 2012 | ||||||||||
Changan Ford Automobile Corporation, Ltd (“CAF”) | 50 | % | $ | 1,429 | $ | 990 | ||||||
Jiangling Motors Corporation, Ltd (“JMC”) (a) | 32 | 535 | 419 | |||||||||
FordSollers Netherlands B.V. (“FordSollers”) | 50 | 376 | 407 | |||||||||
Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”) | 41 | 336 | 394 | |||||||||
AutoAlliance (Thailand) Co., Ltd. | 50 | 395 | 391 | |||||||||
Getrag Ford Transmissions GmbH (“GFT”) | 50 | 249 | 242 | |||||||||
Tenedora Nemak, S.A. de C.V. | 6.8 | 79 | 73 | |||||||||
Ford Romania S.A. (“Ford Romania”) (a) | 100 | — | 63 | |||||||||
Changan Ford Mazda Engine Company, Ltd. | 25 | 59 | 50 | |||||||||
DealerDirect LLC | 97.7 | 25 | 25 | |||||||||
OEConnection LLC | 50 | 28 | 20 | |||||||||
Blue Diamond Truck, S. de R.L. de C.V. | 25 | 8 | 11 | |||||||||
Percepta, LLC | 45 | 9 | 9 | |||||||||
Ford Performance Vehicles Pty Ltd. | 49 | — | 5 | |||||||||
Automotive Fuel Cell Cooperation Corporation | 49.9 | 8 | 5 | |||||||||
Blue Diamond Parts, LLC | 25 | 3 | 4 | |||||||||
Other | Various | 7 | 4 | |||||||||
Total Automotive sector | 3,546 | 3,112 | ||||||||||
Financial Services Sector | ||||||||||||
Forso Nordic AB | 50 | 72 | 71 | |||||||||
FFS Finance South Africa (Pty) Limited | 50 | 43 | 39 | |||||||||
RouteOne LLC | 30 | 14 | 20 | |||||||||
CNF-Administradora de Consorcio Nacional Ltda. | 33.3 | 4 | 4 | |||||||||
Total Financial Services sector | 133 | 134 | ||||||||||
Total Company | $ | 3,679 | $ | 3,246 | ||||||||
__________ | ||||||||||||
(a) | See Note 23 for additional information. | |||||||||||
Summarized Financial Data Of Equity Method Investee Table Text Block [Table Text Block] | ' | |||||||||||
100% of the financial results of our equity method investees in the aggregate is as follows (in millions): | ||||||||||||
Summarized Balance Sheet | December 31, 2013 | December 31, 2012 | ||||||||||
Current assets | $ | 10,424 | $ | 9,561 | ||||||||
Non-current assets | 13,872 | 12,059 | ||||||||||
Total assets | $ | 24,296 | $ | 21,620 | ||||||||
Current liabilities | $ | 11,130 | $ | 10,172 | ||||||||
Non-current liabilities | 4,986 | 4,662 | ||||||||||
Total liabilities | $ | 16,116 | $ | 14,834 | ||||||||
Equity attributable to non-controlling interests | $ | 6 | $ | 24 | ||||||||
For the years ended December 31, | ||||||||||||
Summarized Income Statement | 2013 | 2012 | 2011 | |||||||||
Total revenue | $ | 38,736 | $ | 33,051 | $ | 31,178 | ||||||
Income before income taxes | 2,815 | 1,896 | 1,822 | |||||||||
Net income | 2,587 | 1,616 | 1,512 | |||||||||
Schedule of Related Party Transactions [Table Text Block] | ' | |||||||||||
Transactions with equity method investees reported on our consolidated income statement and balance sheet were as follows (in millions): | ||||||||||||
For the years ended December 31, | ||||||||||||
Income Statement | 2013 | 2012 | 2011 | |||||||||
Sales | $ | 6,421 | $ | 5,491 | $ | 4,957 | ||||||
Purchases | 10,536 | 10,007 | 9,907 | |||||||||
Royalty income | 526 | 369 | 224 | |||||||||
Balance Sheet | December 31, 2013 | December 31, 2012 | ||||||||||
Receivables | $ | 953 | $ | 1,179 | ||||||||
Payables | 724 | 707 | ||||||||||
Variable_Interest_Entities_Tab
Variable Interest Entities (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Automotive [Member] | ' | |||||||||||||||
Variable Interest Entity [Line Items] | ' | |||||||||||||||
Schedule of maximum exposure to variable interest entities assets and liabilities [Table Text Block] | ' | |||||||||||||||
Our maximum exposure to loss from VIEs of which we are not the primary beneficiary was as follows (in millions): | ||||||||||||||||
December 31, | December 31, | Change in | ||||||||||||||
2013 | 2012 | Maximum | ||||||||||||||
Exposure | ||||||||||||||||
Investments | $ | 264 | $ | 242 | $ | 22 | ||||||||||
Supplier and dealer arrangements | 7 | 5 | 2 | |||||||||||||
Total maximum exposure | $ | 271 | $ | 247 | $ | 24 | ||||||||||
Financial Services [Member] | ' | |||||||||||||||
Variable Interest Entity [Line Items] | ' | |||||||||||||||
Schedule of assets to be used to settle consolidated Variable Interest Entities debt [Table Text Block] | ' | |||||||||||||||
The following table includes assets to be used to settle the liabilities of the consolidated VIEs. We may retain debt issued by consolidated VIEs and this debt is excluded from the table below. We hold the right to the excess cash flows from the assets that are not needed to pay liabilities of the consolidated VIEs. The assets and debt reflected on our consolidated balance sheet were as follows (in billions): | ||||||||||||||||
December 31, 2013 | ||||||||||||||||
Cash and Cash | Finance | Debt | ||||||||||||||
Equivalents | Receivables, Net | |||||||||||||||
and | ||||||||||||||||
Net Investment in | ||||||||||||||||
Operating Leases | ||||||||||||||||
Finance receivables | ||||||||||||||||
Retail | $ | 1.9 | $ | 22.9 | $ | 20.3 | ||||||||||
Wholesale | 1.9 | 22.9 | 14.8 | |||||||||||||
Total finance receivables | 3.8 | 45.8 | 35.1 | |||||||||||||
Net investment in operating leases | 0.4 | 8.1 | 5.6 | |||||||||||||
Total | $ | 4.2 | $ | 53.9 | $ | 40.7 | ||||||||||
December 31, 2012 | ||||||||||||||||
Cash and Cash | Finance | Debt | ||||||||||||||
Equivalents | Receivables, Net | |||||||||||||||
and | ||||||||||||||||
Net Investment in | ||||||||||||||||
Operating Leases | ||||||||||||||||
Finance receivables | ||||||||||||||||
Retail | $ | 2.2 | $ | 27 | $ | 23.2 | ||||||||||
Wholesale | 0.3 | 20.5 | 12.8 | |||||||||||||
Total finance receivables | 2.5 | 47.5 | 36 | |||||||||||||
Net investment in operating leases | 0.4 | 6.3 | 4.2 | |||||||||||||
Total (a) | $ | 2.9 | $ | 53.8 | $ | 40.2 | ||||||||||
__________ | ||||||||||||||||
(a) | Certain notes issued by the VIEs to affiliated companies served as collateral for accessing the European Central Bank ("ECB") open market operations program. This external funding of $145 million at December 31, 2012 was not reflected as debt of the VIEs and is excluded from the table above, but was included in our consolidated debt. The finance receivables backing this external funding are included in the table above | |||||||||||||||
Financial Services [Member] | Ford Credit [Member] | ' | |||||||||||||||
Variable Interest Entity [Line Items] | ' | |||||||||||||||
Schedule of maximum exposure to variable interest entities derivatives [Table Text Block] | ' | |||||||||||||||
Our exposures based on the fair value of derivative instruments with external counterparties related to consolidated VIEs that support our securitization transactions were as follows (in millions): | ||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||
Derivative | Derivative | Derivative | Derivative | |||||||||||||
Asset | Liability | Asset | Liability | |||||||||||||
Derivatives of the VIEs | $ | 5 | $ | 88 | $ | 4 | $ | 134 | ||||||||
Derivatives related to the VIEs | 23 | 30 | 74 | 63 | ||||||||||||
Total exposures related to the VIEs | $ | 28 | $ | 118 | $ | 78 | $ | 197 | ||||||||
Schedule of financial performance of variable interest entities [Table Text Block] | ' | |||||||||||||||
Derivative expense/(income) related to consolidated VIEs that support Ford Credit’s securitization programs for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
VIEs | $ | 3 | $ | 227 | $ | 31 | ||||||||||
Related to the VIEs | 16 | (5 | ) | 11 | ||||||||||||
Total derivative expense/(income) related to the VIEs | $ | 19 | $ | 222 | $ | 42 | ||||||||||
Net_Property_and_Lease_Commitm1
Net Property and Lease Commitments (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||||||||||||||||||||||
Property, Plant and Equipment [Table Text Block] | ' | |||||||||||||||||||||||||||
Net property was as follows (in millions): | ||||||||||||||||||||||||||||
Automotive Sector | December 31, | December 31, | ||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
Land | $ | 440 | $ | 423 | ||||||||||||||||||||||||
Buildings and land improvements | 10,325 | 10,249 | ||||||||||||||||||||||||||
Machinery, equipment and other | 34,830 | 35,040 | ||||||||||||||||||||||||||
Software | 2,069 | 1,813 | ||||||||||||||||||||||||||
Construction in progress | 2,110 | 1,783 | ||||||||||||||||||||||||||
Total land, plant and equipment and other | 49,774 | 49,308 | ||||||||||||||||||||||||||
Accumulated depreciation | (31,476 | ) | (32,835 | ) | ||||||||||||||||||||||||
Net land, plant and equipment and other | 18,298 | 16,473 | ||||||||||||||||||||||||||
Tooling, net of amortization | 9,194 | 8,340 | ||||||||||||||||||||||||||
Total Automotive sector | 27,492 | 24,813 | ||||||||||||||||||||||||||
Financial Services sector (a) | 124 | 129 | ||||||||||||||||||||||||||
Total Company | $ | 27,616 | $ | 24,942 | ||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Included in Financial Services other assets on our sector balance sheet. | |||||||||||||||||||||||||||
Schedule of Property Related Expenses [Table Text Block] | ' | |||||||||||||||||||||||||||
Automotive sector property-related expenses for the years ended December 31 were as follows (in millions): | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Depreciation and other amortization | $ | 2,110 | $ | 1,794 | $ | 1,759 | ||||||||||||||||||||||
Tooling amortization | 1,954 | 1,861 | 1,774 | |||||||||||||||||||||||||
Total | $ | 4,064 | $ | 3,655 | $ | 3,533 | ||||||||||||||||||||||
Maintenance and rearrangement | $ | 1,422 | $ | 1,352 | $ | 1,431 | ||||||||||||||||||||||
Schedule of Change in Asset Retirement Obligation [Table Text Block] | ' | |||||||||||||||||||||||||||
The liability for our conditional asset retirement obligations which are recorded in Other liabilities and deferred revenue was as follows (in millions): | ||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
Beginning balance | $ | 267 | $ | 266 | ||||||||||||||||||||||||
Liabilities settled | (5 | ) | (8 | ) | ||||||||||||||||||||||||
Revisions to estimates | (16 | ) | 9 | |||||||||||||||||||||||||
Ending balance | $ | 246 | $ | 267 | ||||||||||||||||||||||||
Operating Leases of Lessee Disclosure [Table Text Block] | ' | |||||||||||||||||||||||||||
Minimum non-cancellable operating lease commitments at December 31, 2013 were as follows (in millions): | ||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total | ||||||||||||||||||||||
Automotive sector | $ | 199 | $ | 168 | $ | 128 | $ | 95 | $ | 58 | $ | 134 | $ | 782 | ||||||||||||||
Financial Services sector | 47 | 43 | 38 | 28 | 17 | 18 | 191 | |||||||||||||||||||||
Total Company | $ | 246 | $ | 211 | $ | 166 | $ | 123 | $ | 75 | $ | 152 | $ | 973 | ||||||||||||||
Operating lease expense for the years ended December 31 was as follows (in millions): | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Automotive sector | $ | 411 | $ | 404 | $ | 416 | ||||||||||||||||||||||
Financial Services sector | 105 | 106 | 124 | |||||||||||||||||||||||||
Total Company | $ | 516 | $ | 510 | $ | 540 | ||||||||||||||||||||||
Other_Liabilities_and_Deferred1
Other Liabilities and Deferred Revenue (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
ACCRUED LIABILITIES AND DEFERRED REVENUE [Abstract] | ' | |||||||
Schedule of Accrued Liabilities and Deferred Revenue [Table Text Block] | ' | |||||||
liabilities and deferred revenue were as follows (in millions): | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Automotive Sector | ||||||||
Current | ||||||||
Dealer and dealers’ customer allowances and claims | $ | 7,730 | $ | 6,779 | ||||
Deferred revenue | 2,817 | 2,796 | ||||||
Employee benefit plans | 1,706 | 1,504 | ||||||
Accrued interest | 262 | 277 | ||||||
Other postretirement employee benefits (“OPEB”) | 387 | 409 | ||||||
Pension | 327 | 387 | ||||||
Other | 3,308 | 3,206 | ||||||
Total Automotive other liabilities and deferred revenue | 16,537 | 15,358 | ||||||
Non-current | ||||||||
Pension | 9,288 | 18,400 | ||||||
OPEB | 5,502 | 6,398 | ||||||
Dealer and dealers’ customer allowances and claims | 2,028 | 2,036 | ||||||
Deferred revenue | 2,534 | 2,044 | ||||||
Employee benefit plans | 789 | 767 | ||||||
Other | 1,524 | 904 | ||||||
Total Automotive other liabilities and deferred revenue | 21,665 | 30,549 | ||||||
Total Automotive sector | 38,202 | 45,907 | ||||||
Financial Services Sector | 2,260 | 2,352 | ||||||
Total Company | $ | 40,462 | $ | 48,259 | ||||
Retirement_Benefits_Tables
Retirement Benefits (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The following table summarizes the assumptions used to determine expense and benefit obligation: | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | U.S. OPEB | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||
Weighted Average Assumptions at December 31 | ||||||||||||||||||||||||||||||||||||
Discount rate | 4.74 | % | 3.84 | % | 4.07 | % | 3.92 | % | 4.65 | % | 3.8 | % | ||||||||||||||||||||||||
Expected long-term rate of return on assets | 6.89 | 7.38 | 6.63 | 6.74 | — | — | ||||||||||||||||||||||||||||||
Average rate of increase in compensation | 3.8 | 3.8 | 3.41 | 3.41 | 3.8 | 3.8 | ||||||||||||||||||||||||||||||
Assumptions Used to Determine Net Benefit Cost for the Year Ended December 31 | ||||||||||||||||||||||||||||||||||||
Discount rate | 3.84 | % | 4.64 | % | 3.92 | % | 4.84 | % | 3.8 | % | 4.6 | % | ||||||||||||||||||||||||
Expected long-term rate of return on assets | 7.38 | 7.5 | 6.74 | 6.77 | — | — | ||||||||||||||||||||||||||||||
Average rate of increase in compensation | 3.8 | 3.8 | 3.41 | 3.39 | 3.8 | 3.8 | ||||||||||||||||||||||||||||||
Schedule of defined benefit plans expense [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The pre-tax expense for our defined benefit pension and OPEB plans for the years ended December 31 was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | Worldwide OPEB | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||
Service cost | $ | 581 | $ | 521 | $ | 467 | $ | 484 | $ | 372 | $ | 327 | $ | 64 | $ | 67 | $ | 63 | ||||||||||||||||||
Interest cost | 1,914 | 2,208 | 2,374 | 1,137 | 1,189 | 1,227 | 256 | 290 | 327 | |||||||||||||||||||||||||||
Expected return on assets | (2,816 | ) | (2,873 | ) | (3,028 | ) | (1,382 | ) | (1,340 | ) | (1,404 | ) | — | — | — | |||||||||||||||||||||
Amortization of: | ||||||||||||||||||||||||||||||||||||
Prior service costs/(credits) | 174 | 220 | 343 | 66 | 72 | 72 | (283 | ) | (545 | ) | (612 | ) | ||||||||||||||||||||||||
(Gains)/Losses | 655 | 425 | 194 | 686 | 412 | 301 | 158 | 129 | 94 | |||||||||||||||||||||||||||
Separation programs/other | 10 | 7 | 1 | 242 | 162 | 170 | — | 2 | 10 | |||||||||||||||||||||||||||
(Gains)/Losses from curtailments and settlements | 594 | 250 | — | 5 | — | 111 | (2 | ) | (11 | ) | (26 | ) | ||||||||||||||||||||||||
Net expense/(income) | $ | 1,112 | $ | 758 | $ | 351 | $ | 1,238 | $ | 867 | $ | 804 | $ | 193 | $ | (68 | ) | $ | (144 | ) | ||||||||||||||||
Schedule Of Defined Benefit Plan Obligations [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The year-end status of these plans was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | Worldwide OPEB | ||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||||||||
Change in Benefit Obligation | ||||||||||||||||||||||||||||||||||||
Benefit obligation at January 1 | $ | 52,125 | $ | 48,816 | $ | 30,702 | $ | 25,163 | $ | 6,810 | $ | 6,593 | ||||||||||||||||||||||||
Service cost | 581 | 521 | 484 | 372 | 64 | 67 | ||||||||||||||||||||||||||||||
Interest cost | 1,914 | 2,208 | 1,137 | 1,189 | 256 | 290 | ||||||||||||||||||||||||||||||
Amendments | — | (39 | ) | (1 | ) | 222 | — | (156 | ) | |||||||||||||||||||||||||||
Separation programs and other | (75 | ) | (40 | ) | 141 | 202 | (11 | ) | 3 | |||||||||||||||||||||||||||
Curtailments | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Settlements | (3,089 | ) | (1,123 | ) | (51 | ) | — | — | — | |||||||||||||||||||||||||||
Plan participant contributions | 26 | 27 | 25 | 36 | 27 | 29 | ||||||||||||||||||||||||||||||
Benefits paid | (3,120 | ) | (3,427 | ) | (1,416 | ) | (1,420 | ) | (421 | ) | (454 | ) | ||||||||||||||||||||||||
Foreign exchange translation | — | — | 229 | 803 | (131 | ) | 47 | |||||||||||||||||||||||||||||
Divestiture | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Actuarial (gain)/loss | (5,180 | ) | 5,182 | (399 | ) | 4,135 | (705 | ) | 391 | |||||||||||||||||||||||||||
Benefit obligation at December 31 | 43,182 | 52,125 | 30,851 | 30,702 | 5,889 | 6,810 | ||||||||||||||||||||||||||||||
Change in Plan Assets | ||||||||||||||||||||||||||||||||||||
Fair value of plan assets at January 1 | 42,395 | 39,414 | 21,713 | 19,198 | — | — | ||||||||||||||||||||||||||||||
Actual return on plan assets | 1,539 | 5,455 | 1,689 | 1,637 | — | — | ||||||||||||||||||||||||||||||
Company contributions | 3,535 | 2,134 | 1,852 | 1,629 | — | — | ||||||||||||||||||||||||||||||
Plan participant contributions | 26 | 27 | 25 | 36 | — | — | ||||||||||||||||||||||||||||||
Benefits paid | (3,120 | ) | (3,427 | ) | (1,416 | ) | (1,420 | ) | — | — | ||||||||||||||||||||||||||
Settlements | (3,089 | ) | (1,123 | ) | (51 | ) | — | — | — | |||||||||||||||||||||||||||
Foreign exchange translation | — | — | 49 | 641 | — | — | ||||||||||||||||||||||||||||||
Divestiture | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other | (69 | ) | (85 | ) | (18 | ) | (8 | ) | — | — | ||||||||||||||||||||||||||
Fair value of plan assets at December 31 | 41,217 | 42,395 | 23,843 | 21,713 | — | — | ||||||||||||||||||||||||||||||
Funded status at December 31 | $ | (1,965 | ) | $ | (9,730 | ) | $ | (7,008 | ) | $ | (8,989 | ) | $ | (5,889 | ) | $ | (6,810 | ) | ||||||||||||||||||
Amounts Recognized on the Balance Sheet | ||||||||||||||||||||||||||||||||||||
Prepaid assets | $ | 443 | $ | — | $ | 219 | $ | 85 | $ | — | $ | — | ||||||||||||||||||||||||
Other liabilities | (2,408 | ) | (9,730 | ) | (7,227 | ) | (9,074 | ) | (5,889 | ) | (6,810 | ) | ||||||||||||||||||||||||
Total | $ | (1,965 | ) | $ | (9,730 | ) | $ | (7,008 | ) | $ | (8,989 | ) | $ | (5,889 | ) | $ | (6,810 | ) | ||||||||||||||||||
Amounts Recognized in Accumulated Other Comprehensive Loss (pre-tax) | ||||||||||||||||||||||||||||||||||||
Unamortized prior service costs/(credits) | $ | 764 | $ | 938 | $ | 417 | $ | 487 | $ | (959 | ) | $ | (1,263 | ) | ||||||||||||||||||||||
Unamortized net (gains)/losses | 6,179 | 11,349 | 9,902 | 11,375 | 1,701 | 2,594 | ||||||||||||||||||||||||||||||
Total | $ | 6,943 | $ | 12,287 | $ | 10,319 | $ | 11,862 | $ | 742 | $ | 1,331 | ||||||||||||||||||||||||
Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31 | ||||||||||||||||||||||||||||||||||||
Accumulated benefit obligation | $ | 25,828 | $ | 50,821 | $ | 15,393 | $ | 21,653 | ||||||||||||||||||||||||||||
Fair value of plan assets | 23,498 | 42,395 | 9,518 | 14,625 | ||||||||||||||||||||||||||||||||
Accumulated Benefit Obligation at December 31 | $ | 42,078 | $ | 50,821 | $ | 28,312 | $ | 28,136 | ||||||||||||||||||||||||||||
Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31 | ||||||||||||||||||||||||||||||||||||
Projected benefit obligation | $ | 25,906 | $ | 52,125 | $ | 23,653 | $ | 29,984 | ||||||||||||||||||||||||||||
Fair value of plan assets | 23,498 | 42,395 | 16,426 | 20,910 | ||||||||||||||||||||||||||||||||
Projected Benefit Obligation at December 31 | $ | 43,182 | $ | 52,125 | $ | 30,851 | $ | 30,702 | ||||||||||||||||||||||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
Estimated Future Benefit Payments and Amortization | ||||||||||||||||||||||||||||||||||||
The following table presents estimated future gross benefit payments (in millions): | ||||||||||||||||||||||||||||||||||||
Gross Benefit Payments | ||||||||||||||||||||||||||||||||||||
Pension | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. | Worldwide | ||||||||||||||||||||||||||||||||||
Plans | OPEB | |||||||||||||||||||||||||||||||||||
2014 | $ | 3,190 | $ | 1,380 | $ | 420 | ||||||||||||||||||||||||||||||
2015 | 3,150 | 1,380 | 380 | |||||||||||||||||||||||||||||||||
2016 | 3,110 | 1,390 | 380 | |||||||||||||||||||||||||||||||||
2017 | 3,060 | 1,430 | 370 | |||||||||||||||||||||||||||||||||
2018 | 3,030 | 1,450 | 370 | |||||||||||||||||||||||||||||||||
2019 - 2023 | 14,810 | 7,820 | 1,850 | |||||||||||||||||||||||||||||||||
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The amounts in Accumulated other comprehensive income/(loss) that are expected to be recognized as components of net expense/(income) during 2014 are as follows (in millions): | ||||||||||||||||||||||||||||||||||||
Pension Benefits | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. | Worldwide | Total | |||||||||||||||||||||||||||||||||
Plans | OPEB | |||||||||||||||||||||||||||||||||||
Prior service cost/(credit) | $ | 155 | $ | 56 | $ | (231 | ) | $ | (20 | ) | ||||||||||||||||||||||||||
(Gains)/Losses | 207 | 598 | 98 | 903 | ||||||||||||||||||||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The fair value of our pension benefits plan assets (including dividends and interest receivables of $349 million and $99 million for U.S. and non-U.S. plans, respectively) by asset category was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S. Plans | |||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 3,724 | $ | 22 | $ | 3 | $ | 3,749 | $ | 2,711 | $ | 229 | $ | — | $ | 2,940 | ||||||||||||||||||||
International companies | 2,288 | 76 | 1 | 2,365 | 2,983 | 214 | 2 | 3,199 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total equity | 6,012 | 98 | 4 | 6,114 | 5,694 | 443 | 2 | 6,139 | ||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | 3,610 | — | — | 3,610 | 30 | — | — | 30 | ||||||||||||||||||||||||||||
U.S. government-sponsored enterprises (b) | — | 4,127 | — | 4,127 | — | 11 | — | 11 | ||||||||||||||||||||||||||||
Non-U.S. government | — | 2,115 | — | 2,115 | — | 6,880 | 67 | 6,947 | ||||||||||||||||||||||||||||
Corporate bonds (c) | ||||||||||||||||||||||||||||||||||||
Investment grade | — | 15,058 | — | 15,058 | — | 1,229 | 55 | 1,284 | ||||||||||||||||||||||||||||
High yield | — | 1,254 | — | 1,254 | — | 337 | 21 | 358 | ||||||||||||||||||||||||||||
Other credit | — | 48 | — | 48 | — | 37 | 13 | 50 | ||||||||||||||||||||||||||||
Mortgage/other asset-backed | — | 1,287 | 33 | 1,320 | — | 238 | 14 | 252 | ||||||||||||||||||||||||||||
Commingled funds | — | 304 | — | 304 | — | 471 | — | 471 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | (23 | ) | 41 | — | 18 | — | (5 | ) | — | (5 | ) | |||||||||||||||||||||||||
Total fixed income | 3,587 | 24,234 | 33 | 27,854 | 30 | 9,198 | 170 | 9,398 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds (d) | — | — | 2,778 | 2,778 | — | — | 1,657 | 1,657 | ||||||||||||||||||||||||||||
Private equity (e) | — | — | 2,626 | 2,626 | — | — | 352 | 352 | ||||||||||||||||||||||||||||
Real estate (f) | — | — | 610 | 610 | — | — | 601 | 601 | ||||||||||||||||||||||||||||
Total alternatives | — | — | 6,014 | 6,014 | — | — | 2,610 | 2,610 | ||||||||||||||||||||||||||||
Cash and cash equivalents (g) | — | 1,477 | — | 1,477 | — | 950 | — | 950 | ||||||||||||||||||||||||||||
Other (h) | (273 | ) | 30 | 1 | (242 | ) | (465 | ) | 13 | 5,198 | 4,746 | |||||||||||||||||||||||||
Total assets at fair value | $ | 9,326 | $ | 25,839 | $ | 6,052 | $ | 41,217 | $ | 5,259 | $ | 10,604 | $ | 7,980 | $ | 23,843 | ||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Net derivative position. | |||||||||||||||||||||||||||||||||||
(b) | Debt securities primarily issued by U.S. government-sponsored enterprises (“GSEs”). | |||||||||||||||||||||||||||||||||||
(c) | “Investment grade” bonds are those rated Baa3/BBB- or higher by at least two rating agencies; “High yield” bonds are those rated below investment grade; “Other credit” refers to non-rated bonds. | |||||||||||||||||||||||||||||||||||
(d) | For U.S. Plans, funds investing in diverse hedge fund strategies with the following composition of underlying hedge fund investments within the U.S. pension plans at December 31, 2013: global macro (32%), event-driven (26%), equity long/short (22%), multi-strategy (11%) and relative value (9%). For non-U.S. Plans, funds investing in diversified portfolio of underlying hedge funds. At December 31, 2013, the composition of underlying hedge fund investments (within the U.K. and Canada pension plans) was: event-driven (35%), equity long/short (35%), multi-strategy (12%), global macro (12%) and relative value (6%). | |||||||||||||||||||||||||||||||||||
(e) | For U.S. Plans, diversified investments in private equity funds with the following strategies: buyout (61%), venture capital (26%), mezzanine/distressed (7%), and other (6%). Allocations are estimated based on latest available data for managers reflecting June 30, 2013 holdings. For non-U.S. Plans, investments in private investment funds (funds of funds) pursuing strategies broadly classified as venture capital and buyouts. | |||||||||||||||||||||||||||||||||||
(f) | For investment in private property funds broadly classified as core (49%), value-added and opportunistic (51%). For non-U.S. Plans, investment in private property funds broadly classified as core (40%), value-added and opportunistic (60%). Also includes investment in real assets. | |||||||||||||||||||||||||||||||||||
(g) | Primarily short-term investment funds to provide liquidity to plan investment managers and cash held to pay benefits. | |||||||||||||||||||||||||||||||||||
(h) | For U.S. Plans, primarily cash related to net pending security (purchases)/sales and net pending foreign currency purchases/(sales). For non-U.S. Plans, primarily Ford-Werke, plan assets (insurance contract valued at $4,077 million) and cash related to net pending security (purchases)/sales and net pending foreign currency purchases/(sales). | |||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
The fair value of our pension benefits plan assets (including dividends and interest receivables of $274 million and $84 million for U.S. and non-U.S. plans, respectively) by asset category was as follows (in millions): | ||||||||||||||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Non-U.S.Plans | |||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 7,544 | $ | 48 | $ | 15 | $ | 7,607 | $ | 3,221 | $ | 223 | $ | — | $ | 3,444 | ||||||||||||||||||||
International companies | 4,971 | 133 | 3 | 5,107 | 3,424 | 188 | 1 | 3,613 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total equity | 12,515 | 181 | 18 | 12,714 | 6,645 | 411 | 1 | 7,057 | ||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | 2,523 | — | — | 2,523 | 99 | — | — | 99 | ||||||||||||||||||||||||||||
U.S. government-sponsored enterprises (b) | — | 3,236 | 3 | 3,239 | — | 6 | — | 6 | ||||||||||||||||||||||||||||
Non-U.S. government | — | 2,884 | 32 | 2,916 | — | 5,841 | 41 | 5,882 | ||||||||||||||||||||||||||||
Corporate bonds (c) | ||||||||||||||||||||||||||||||||||||
Investment grade | — | 10,581 | 80 | 10,661 | — | 1,147 | 22 | 1,169 | ||||||||||||||||||||||||||||
High yield | — | 1,386 | 14 | 1,400 | — | 268 | 1 | 269 | ||||||||||||||||||||||||||||
Other credit | — | 28 | 50 | 78 | — | 13 | 6 | 19 | ||||||||||||||||||||||||||||
Mortgage/other asset-backed | — | 1,183 | 115 | 1,298 | — | 168 | 28 | 196 | ||||||||||||||||||||||||||||
Commingled funds | — | 477 | — | 477 | — | 504 | — | 504 | ||||||||||||||||||||||||||||
Derivative financial instruments (a) | (31 | ) | (105 | ) | — | (136 | ) | — | 3 | (1 | ) | 2 | ||||||||||||||||||||||||
Total fixed income | 2,492 | 19,670 | 294 | 22,456 | 99 | 7,950 | 97 | 8,146 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds (d) | — | — | 3,121 | 3,121 | — | — | 1,142 | 1,142 | ||||||||||||||||||||||||||||
Private equity (e) | — | — | 2,412 | 2,412 | — | — | 236 | 236 | ||||||||||||||||||||||||||||
Real estate (f) | — | — | 457 | 457 | — | 1 | 329 | 330 | ||||||||||||||||||||||||||||
Total alternatives | — | — | 5,990 | 5,990 | — | 1 | 1,707 | 1,708 | ||||||||||||||||||||||||||||
Cash and cash equivalents (g) | — | 1,844 | 57 | 1,901 | — | 867 | — | 867 | ||||||||||||||||||||||||||||
Other (h) | (681 | ) | 15 | — | (666 | ) | (751 | ) | 16 | 4,670 | 3,935 | |||||||||||||||||||||||||
Total assets at fair value | $ | 14,326 | $ | 21,710 | $ | 6,359 | $ | 42,395 | $ | 5,993 | $ | 9,245 | $ | 6,475 | $ | 21,713 | ||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Net derivative position. | |||||||||||||||||||||||||||||||||||
(b) | Debt securities primarily issued by GSEs. | |||||||||||||||||||||||||||||||||||
(c) | “Investment grade” bonds are those rated Baa3/BBB- or higher by at least two rating agencies; “High yield” bonds are those rated below investment grade; “Other credit” refers to non-rated bonds. | |||||||||||||||||||||||||||||||||||
(d) | For U.S. Plans, funds investing in diverse hedge fund strategies (primarily commingled fund of funds) with the following composition of underlying hedge fund investments within the U.S. pension plans at December 31, 2012: global macro (39%), event-driven (21%), equity long/short (17%), relative value (13%), and multi-strategy (10%). For non-U.S. Plans, funds investing in diversified portfolio of underlying hedge funds (commingled fund of funds). At December 31, 2012, the composition of underlying hedge fund investments (within the U.K. and Canada pension plans) was: event-driven (36%), equity long/short (26%), multi-strategy (14%), global macro (13%) and relative value (11%). | |||||||||||||||||||||||||||||||||||
(e) | For U.S. Plans, diversified investments in private equity funds with the following strategies: buyout (60%), venture capital (25%), mezzanine/distressed (8%), and other (7%). Allocations are estimated based on latest available data for managers reflecting June 30, 2012 holdings. For non-U.S. Plans, investments in private investment funds (funds of funds) pursuing strategies broadly classified as venture capital and buyouts. | |||||||||||||||||||||||||||||||||||
(f) | For U.S. Plans, Investment in private property funds broadly classified as core (54%), value-added and opportunistic (46%). For non-U.S. Plans, investment in private property funds broadly classified as core (31%), value-added and opportunistic (69%). Also includes investment in real assets. | |||||||||||||||||||||||||||||||||||
(g) | Primarily short-term investment funds to provide liquidity to plan investment managers and cash held to pay benefits. | |||||||||||||||||||||||||||||||||||
(h) | For U.S. Plans, primarily cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales. For non-U.S. Plans, primarily Ford-Werke, plan assets (insurance contract valued at $3,609 million) and cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales. | |||||||||||||||||||||||||||||||||||
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The following table summarizes the changes in Level 3 pension benefits plan assets measured at fair value on a recurring basis for the year ended December 31, 2013 (in millions): | ||||||||||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Return on plan assets | ||||||||||||||||||||||||||||||||||||
U.S. Plans: | Fair | Attributable | Attributable | Net Purchases/ | Transfers Into/ (Out of) Level 3 | Fair | ||||||||||||||||||||||||||||||
Value | to Assets | to | (Settlements) | Value | ||||||||||||||||||||||||||||||||
at | Held | Assets | at | |||||||||||||||||||||||||||||||||
1-Jan-13 | at | Sold | December 31, | |||||||||||||||||||||||||||||||||
December 31, | 2013 | |||||||||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 15 | $ | — | $ | — | $ | — | $ | (12 | ) | $ | 3 | |||||||||||||||||||||||
International companies | 3 | — | — | (2 | ) | — | 1 | |||||||||||||||||||||||||||||
Total equity | 18 | — | — | (2 | ) | (12 | ) | 4 | ||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | 3 | — | — | — | (3 | ) | — | |||||||||||||||||||||||||||||
Non-U.S. government | 32 | — | (1 | ) | (28 | ) | (3 | ) | — | |||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 80 | — | (4 | ) | (33 | ) | (43 | ) | — | |||||||||||||||||||||||||||
High yield | 14 | — | (1 | ) | (12 | ) | (1 | ) | — | |||||||||||||||||||||||||||
Other credit | 50 | — | (7 | ) | (26 | ) | (17 | ) | — | |||||||||||||||||||||||||||
Mortgage/other asset-backed | 115 | — | 7 | 7 | (96 | ) | 33 | |||||||||||||||||||||||||||||
Derivative financial instruments | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total fixed income | 294 | — | (6 | ) | (92 | ) | (163 | ) | 33 | |||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 3,121 | 295 | (40 | ) | (598 | ) | — | 2,778 | ||||||||||||||||||||||||||||
Private equity | 2,412 | 345 | — | (131 | ) | — | 2,626 | |||||||||||||||||||||||||||||
Real estate | 457 | 45 | — | 108 | — | 610 | ||||||||||||||||||||||||||||||
Total alternatives | 5,990 | 685 | (40 | ) | (621 | ) | — | 6,014 | ||||||||||||||||||||||||||||
Other | 57 | 1 | 2 | (55 | ) | (4 | ) | 1 | ||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 6,359 | $ | 686 | $ | (44 | ) | $ | (770 | ) | $ | (179 | ) | $ | 6,052 | |||||||||||||||||||||
Non-U.S. Plans: | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
International companies | 1 | — | — | — | 1 | 2 | ||||||||||||||||||||||||||||||
Total equity | 1 | — | — | — | — | 1 | 2 | |||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Non-U.S. government | 41 | (7 | ) | — | 33 | — | 67 | |||||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 22 | (1 | ) | (1 | ) | 32 | 3 | 55 | ||||||||||||||||||||||||||||
High yield | 1 | — | — | 19 | 1 | 21 | ||||||||||||||||||||||||||||||
Other credit | 6 | — | — | 7 | — | 13 | ||||||||||||||||||||||||||||||
Mortgage/other asset-backed | 28 | — | 2 | 1 | (17 | ) | 14 | |||||||||||||||||||||||||||||
Derivative financial instruments | (1 | ) | — | — | 1 | — | — | |||||||||||||||||||||||||||||
Total fixed income | 97 | — | (8 | ) | 1 | 93 | (13 | ) | 170 | |||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 1,142 | 114 | 10 | 391 | — | 1,657 | ||||||||||||||||||||||||||||||
Private equity | 236 | 34 | — | 82 | — | 352 | ||||||||||||||||||||||||||||||
Real estate | 329 | 42 | — | 230 | — | 601 | ||||||||||||||||||||||||||||||
Total alternatives | 1,707 | — | 190 | 10 | 703 | — | 2,610 | |||||||||||||||||||||||||||||
Other (a) | 4,670 | 528 | — | — | — | 5,198 | ||||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 6,475 | $ | 710 | $ | 11 | $ | 796 | $ | (12 | ) | $ | 7,980 | |||||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Primarily Ford-Werke plan assets (insurance contract valued at $4,077 million). | |||||||||||||||||||||||||||||||||||
NOTE 14. RETIREMENT BENEFITS (Continued) | ||||||||||||||||||||||||||||||||||||
The following table summarizes the changes in Level 3 pension benefits plan assets measured at fair value on a recurring basis for the year ended December 31, 2012 (in millions): | ||||||||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||||||
Return on plan assets | ||||||||||||||||||||||||||||||||||||
U.S. Plans | Fair | Attributable | Attributable | Net Purchases/ | Transfers Into/ (Out of) Level 3 | Fair | ||||||||||||||||||||||||||||||
Value | to Assets | to | (Settlements) | Value | ||||||||||||||||||||||||||||||||
at | Held | Assets | at | |||||||||||||||||||||||||||||||||
1-Jan-12 | at | Sold | December 31, | |||||||||||||||||||||||||||||||||
December 31, | 2012 | |||||||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | 15 | $ | — | $ | — | $ | — | $ | — | $ | 15 | ||||||||||||||||||||||||
International companies | 3 | — | 3 | (3 | ) | — | 3 | |||||||||||||||||||||||||||||
Total equity | 18 | — | 3 | (3 | ) | — | 18 | |||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | 8 | — | — | (5 | ) | — | 3 | |||||||||||||||||||||||||||||
Non-U.S. government | 169 | 2 | 5 | (137 | ) | (7 | ) | 32 | ||||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 33 | 5 | (4 | ) | 14 | 32 | 80 | |||||||||||||||||||||||||||||
High yield | 11 | 1 | 1 | 4 | (3 | ) | 14 | |||||||||||||||||||||||||||||
Other credit | 17 | 5 | — | 28 | — | 50 | ||||||||||||||||||||||||||||||
Mortgage/other asset-backed | 54 | 1 | 3 | 43 | 14 | 115 | ||||||||||||||||||||||||||||||
Derivative financial instruments | 6 | (3 | ) | (9 | ) | 10 | (4 | ) | — | |||||||||||||||||||||||||||
Total fixed income | 298 | 11 | (4 | ) | (43 | ) | 32 | 294 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 2,968 | 189 | (6 | ) | (30 | ) | — | 3,121 | ||||||||||||||||||||||||||||
Private equity | 2,085 | 201 | — | 126 | — | 2,412 | ||||||||||||||||||||||||||||||
Real estate | 362 | 31 | 1 | 63 | — | 457 | ||||||||||||||||||||||||||||||
Total alternatives | 5,415 | 421 | (5 | ) | 159 | — | 5,990 | |||||||||||||||||||||||||||||
Other | (2 | ) | 2 | — | 67 | (10 | ) | 57 | ||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 5,729 | $ | 434 | $ | (6 | ) | $ | 180 | $ | 22 | $ | 6,359 | |||||||||||||||||||||||
Non-U.S. Plan | ||||||||||||||||||||||||||||||||||||
Asset Category | ||||||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||||||
U.S. companies | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
International companies | 1 | — | — | — | — | 1 | ||||||||||||||||||||||||||||||
Total equity | 1 | — | — | — | — | 1 | ||||||||||||||||||||||||||||||
Fixed Income | ||||||||||||||||||||||||||||||||||||
U.S. government | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
U.S. government-sponsored enterprises | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Non-U.S. government | 122 | 1 | 9 | (31 | ) | (60 | ) | 41 | ||||||||||||||||||||||||||||
Corporate bonds | ||||||||||||||||||||||||||||||||||||
Investment grade | 11 | 1 | 1 | 4 | 5 | 22 | ||||||||||||||||||||||||||||||
High yield | — | — | — | 1 | — | 1 | ||||||||||||||||||||||||||||||
Other credit | — | — | — | 6 | — | 6 | ||||||||||||||||||||||||||||||
Mortgage/other asset-backed | 6 | — | — | 14 | 8 | 28 | ||||||||||||||||||||||||||||||
Derivative financial instruments | (6 | ) | — | (3 | ) | — | 8 | (1 | ) | |||||||||||||||||||||||||||
Total fixed income | 133 | 2 | 7 | (6 | ) | (39 | ) | 97 | ||||||||||||||||||||||||||||
Alternatives | ||||||||||||||||||||||||||||||||||||
Hedge funds | 1,053 | 79 | 10 | — | — | 1,142 | ||||||||||||||||||||||||||||||
Private equity | 123 | 14 | — | 99 | — | 236 | ||||||||||||||||||||||||||||||
Real estate | 160 | 4 | (1 | ) | 166 | — | 329 | |||||||||||||||||||||||||||||
Total alternatives | 1,336 | 97 | 9 | 265 | — | 1,707 | ||||||||||||||||||||||||||||||
Other (a) | 4,358 | 312 | — | — | — | 4,670 | ||||||||||||||||||||||||||||||
Total Level 3 fair value | $ | 5,828 | $ | 411 | $ | 16 | $ | 259 | $ | (39 | ) | $ | 6,475 | |||||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||||||||||
(a) | Primarily Ford-Werke plan assets (insurance contract valued at $3,609 million) |
Debt_And_Commitments_Tables
Debt And Commitments (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of debt outstanding [Table Text Block] | ' | |||||||||||||||||||||||||||
The carrying value of Total Company debt was $114.7 billion and $105.1 billion at December 31, 2013 and 2012, respectively. The following table details the carrying value of our debt by Automotive sector and Financial Services sector (in millions): | ||||||||||||||||||||||||||||
Interest Rates | ||||||||||||||||||||||||||||
Average Contractual (a) | Average Effective (b) | |||||||||||||||||||||||||||
Automotive Sector | December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
Debt payable within one year | ||||||||||||||||||||||||||||
Short-term | $ | 562 | $ | 484 | 1.5 | % | 1.5 | % | 1.5 | % | 1.5 | % | ||||||||||||||||
Long-term payable within one year | ||||||||||||||||||||||||||||
U.S. Department of Energy (“DOE”) Advanced Technology Vehicles Manufacturing (“ATVM”) Incentive Program | 591 | 591 | ||||||||||||||||||||||||||
Other debt | 104 | 311 | ||||||||||||||||||||||||||
Total debt payable within one year | 1,257 | 1,386 | ||||||||||||||||||||||||||
Long-term debt payable after one year | ||||||||||||||||||||||||||||
Public unsecured debt securities (c) | 6,799 | 5,420 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | (148 | ) | (100 | ) | ||||||||||||||||||||||||
Convertible notes | 908 | 908 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | (110 | ) | (142 | ) | ||||||||||||||||||||||||
DOE ATVM Incentive Program | 4,424 | 5,014 | ||||||||||||||||||||||||||
EIB Credit Facilities (d) | 1,295 | 729 | ||||||||||||||||||||||||||
Other debt | 1,255 | 1,048 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | 3 | (7 | ) | |||||||||||||||||||||||||
Total long-term debt payable after one year | 14,426 | 12,870 | 4.4 | % | 4.6 | % | 4.7 | % | 5.1 | % | ||||||||||||||||||
Total Automotive sector | $ | 15,683 | $ | 14,256 | ||||||||||||||||||||||||
Fair value of Automotive sector debt (e) | $ | 17,301 | $ | 14,867 | ||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||
Short-term debt | ||||||||||||||||||||||||||||
Asset-backed commercial paper | $ | 3,364 | $ | 5,752 | ||||||||||||||||||||||||
Other asset-backed short-term debt | 1,963 | 3,762 | ||||||||||||||||||||||||||
Floating rate demand notes | 5,319 | 4,890 | ||||||||||||||||||||||||||
Commercial paper | 2,003 | 1,686 | ||||||||||||||||||||||||||
Other short-term debt | 2,345 | 1,655 | ||||||||||||||||||||||||||
Total short-term debt | 14,994 | 17,745 | 1.5 | % | 1.1 | % | 1.5 | % | 1.1 | % | ||||||||||||||||||
Long-term debt | ||||||||||||||||||||||||||||
Unsecured debt | ||||||||||||||||||||||||||||
Notes payable within one year | 4,475 | 5,830 | ||||||||||||||||||||||||||
Notes payable after one year | 38,914 | 32,503 | ||||||||||||||||||||||||||
Asset-backed debt | ||||||||||||||||||||||||||||
Notes payable within one year | 17,337 | 13,801 | ||||||||||||||||||||||||||
Notes payable after one year | 23,273 | 20,266 | ||||||||||||||||||||||||||
Unamortized (discount)/premium | (91 | ) | (134 | ) | ||||||||||||||||||||||||
Fair value adjustments (f) | 103 | 791 | ||||||||||||||||||||||||||
Total long-term debt | 84,011 | 73,057 | 3.1 | % | 3.8 | % | 3.3 | % | 4.1 | % | ||||||||||||||||||
Total Financial Services sector | $ | 99,005 | $ | 90,802 | ||||||||||||||||||||||||
Fair value of Financial Services sector | $ | 102,399 | $ | 94,578 | ||||||||||||||||||||||||
debt (e) | ||||||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Average contractual rates reflect the stated contractual interest rate with the exception of commercial paper, which is issued at a discount. | |||||||||||||||||||||||||||
(b) | Average effective rates reflect the average contractual interest rate plus amortization of discounts, premiums, and issuance fees. | |||||||||||||||||||||||||||
(c) | Public unsecured debt securities at December 31, 2013 increased by about $1.4 billion from December 31, 2012, primarily reflecting the issuance of $2 billion of 4.75% Notes due January 15, 2043, offset partially by the redemption of about $600 million of 7.5% Notes due June 10, 2043. | |||||||||||||||||||||||||||
(d) | Includes debt of Ford Romania which was consolidated on January 1, 2013. See Note 23 for additional information. | |||||||||||||||||||||||||||
(e) | The fair value of debt includes $377 million and $484 million of Automotive sector short-term debt and $9.7 billion and $8.4 billion of Financial Services sector short-term debt at December 31, 2013 and 2012, respectively, carried at cost which approximates fair value. All debt is categorized within Level 2 of the fair value hierarchy. See Note 4 for additional information. | |||||||||||||||||||||||||||
(f) | Adjustments related to designated fair value hedges of unsecured debt | |||||||||||||||||||||||||||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table summarizes contractual maturities including capital leases at December 31, 2013 (in millions): | ||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total Debt Maturities | ||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||
Public unsecured debt securities | $ | — | $ | 165 | $ | — | $ | — | $ | 361 | $ | 6,273 | $ | 6,799 | ||||||||||||||
Convertible notes | — | — | 883 | — | — | 25 | 908 | |||||||||||||||||||||
DOE ATVM Incentive Program | 591 | 591 | 591 | 591 | 591 | 2,060 | 5,015 | |||||||||||||||||||||
Short-term and other debt (a) | 666 | 1,772 | 289 | 73 | 71 | 345 | 3,216 | |||||||||||||||||||||
Total (b) | 1,257 | 2,528 | 1,763 | 664 | 1,023 | 8,703 | 15,938 | |||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||
Unsecured debt | 14,142 | 9,048 | 8,955 | 7,445 | 5,612 | 7,854 | 53,056 | |||||||||||||||||||||
Asset-backed debt | 22,664 | 11,994 | 7,836 | 2,746 | 497 | 200 | 45,937 | |||||||||||||||||||||
Total (b) | 36,806 | 21,042 | 16,791 | 10,191 | 6,109 | 8,054 | 98,993 | |||||||||||||||||||||
Total Company (b) | $ | 38,063 | $ | 23,570 | $ | 18,554 | $ | 10,855 | $ | 7,132 | $ | 16,757 | $ | 114,931 | ||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Primarily non-U.S. affiliate debt and includes the EIB secured loans. | |||||||||||||||||||||||||||
(b) | Excludes discounts, premiums and adjustments, if any, related to designated fair value hedges of unsecured debt. | |||||||||||||||||||||||||||
Schedule of Liability and Equity Components of Convertible Notes [Table Text Block] | ' | |||||||||||||||||||||||||||
Liability, equity, and if-converted components of our Convertible Notes are summarized as follows (in millions): | ||||||||||||||||||||||||||||
Total Effective Interest Rate | ||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Liability component | ||||||||||||||||||||||||||||
4.25% Debentures due November 15, 2016 | $ | 768 | $ | 768 | 9.20% | 9.20% | ||||||||||||||||||||||
4.25% Debentures due November 15, 2016 (underwriter option) | 115 | 115 | 8.60% | 8.60% | ||||||||||||||||||||||||
Subtotal Convertible Debt due November 15, 2016 | 883 | 883 | ||||||||||||||||||||||||||
4.25% Debentures due December 15, 2036 | 25 | 25 | 10.50% | 10.50% | ||||||||||||||||||||||||
Unamortized discount | (110 | ) | (142 | ) | ||||||||||||||||||||||||
Net carrying amount | $ | 798 | $ | 766 | ||||||||||||||||||||||||
Equity component of outstanding debt (a) | $ | (225 | ) | $ | (225 | ) | ||||||||||||||||||||||
Share value in excess of principal value, if converted (b) | 673 | 384 | ||||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Recorded in Capital in excess of par value of stock. | |||||||||||||||||||||||||||
(b) | Based on share price of $15.43 and $12.95 as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||
Schedule of Interest Cost on Convertible Notes [Table Text Block] | ' | |||||||||||||||||||||||||||
We recognized interest cost on our Convertible Notes as follows (in millions): | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
Contractual interest coupon | $ | 39 | $ | 38 | $ | 38 | ||||||||||||||||||||||
Amortization of discount | 32 | 30 | 27 | |||||||||||||||||||||||||
Total interest cost on Convertible Notes | $ | 71 | $ | 68 | $ | 65 | ||||||||||||||||||||||
Assets And Liabilities Related To Secured Debt Arrangements Disclosure Text Block | ' | |||||||||||||||||||||||||||
The following table shows the assets and liabilities related to our asset-backed debt arrangements that are included on our financial statements for the years ended December 31 (in billions): | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Cash and Cash | Finance | Related | ||||||||||||||||||||||||||
Equivalents | Receivables, Net and | Debt | ||||||||||||||||||||||||||
Net Investment in | ||||||||||||||||||||||||||||
Operating Leases | ||||||||||||||||||||||||||||
VIEs (a) | ||||||||||||||||||||||||||||
Finance receivables | $ | 3.8 | $ | 45.8 | $ | 35.1 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 8.1 | 5.6 | |||||||||||||||||||||||||
Total | $ | 4.2 | $ | 53.9 | $ | 40.7 | ||||||||||||||||||||||
Non-VIE | ||||||||||||||||||||||||||||
Finance receivables (b) | $ | 0.2 | $ | 5.6 | $ | 5.2 | ||||||||||||||||||||||
Total securitization transactions | ||||||||||||||||||||||||||||
Finance receivables | $ | 4 | $ | 51.4 | $ | 40.3 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 8.1 | 5.6 | |||||||||||||||||||||||||
Total | $ | 4.4 | $ | 59.5 | $ | 45.9 | ||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Cash and Cash | Finance | Related | ||||||||||||||||||||||||||
Equivalents | Receivables, Net and | Debt | ||||||||||||||||||||||||||
Net Investment in | ||||||||||||||||||||||||||||
Operating Leases | ||||||||||||||||||||||||||||
VIEs (a) | ||||||||||||||||||||||||||||
Finance receivables | $ | 2.5 | $ | 47.5 | $ | 36 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 6.3 | 4.2 | |||||||||||||||||||||||||
Total | $ | 2.9 | $ | 53.8 | $ | 40.2 | ||||||||||||||||||||||
Non-VIE | ||||||||||||||||||||||||||||
Finance receivables (b) | $ | 0.1 | $ | 3.5 | $ | 3.3 | ||||||||||||||||||||||
Total securitization transactions | ||||||||||||||||||||||||||||
Finance receivables | $ | 2.6 | $ | 51 | $ | 39.3 | ||||||||||||||||||||||
Net investment in operating leases | 0.4 | 6.3 | 4.2 | |||||||||||||||||||||||||
Total | $ | 3 | $ | 57.3 | $ | 43.5 | ||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Includes assets to be used to settle liabilities of the consolidated VIEs. See Note 11 for additional information on Financial Services sector VIEs. | |||||||||||||||||||||||||||
(b) | Certain notes issued by the VIEs to affiliated companies served as collateral for accessing the ECB open market operations program. This external funding of $145 million at December 31, 2012 was not reflected as debt of the VIEs and is excluded from the table above, but was included on our consolidated debt. The finance receivables backing this external funding are included in the table above. | |||||||||||||||||||||||||||
Public Unsecured Debt Securities [Member] | ' | |||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | |||||||||||||||||||||||||||
Schedule of debt outstanding [Table Text Block] | ' | |||||||||||||||||||||||||||
s | ||||||||||||||||||||||||||||
Our public, nonconvertible unsecured debt securities outstanding were as follows (in millions): | ||||||||||||||||||||||||||||
Aggregate Principal Amount Outstanding | ||||||||||||||||||||||||||||
Title of Security | December 31, | December 31, | ||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
4 7/8% Debentures due March 26, 2015 | $ | 165 | $ | 160 | ||||||||||||||||||||||||
6 1/2% Debentures due August 1, 2018 | 361 | 361 | ||||||||||||||||||||||||||
8 7/8% Debentures due January 15, 2022 | 86 | 86 | ||||||||||||||||||||||||||
6.55% Debentures due October 3, 2022 (a) (e) | — | 15 | ||||||||||||||||||||||||||
7 1/8% Debentures due November 15, 2025 | 209 | 209 | ||||||||||||||||||||||||||
7 1/2% Debentures due August 1, 2026 | 193 | 193 | ||||||||||||||||||||||||||
6 5/8% Debentures due February 15, 2028 | 104 | 104 | ||||||||||||||||||||||||||
6 5/8% Debentures due October 1, 2028 (b) | 638 | 638 | ||||||||||||||||||||||||||
6 3/8% Debentures due February 1, 2029 (b) | 260 | 260 | ||||||||||||||||||||||||||
5.95% Debentures due September 3, 2029 (a) (e) | — | 8 | ||||||||||||||||||||||||||
6.15% Debentures due June 3, 2030 (a) (e) | — | 10 | ||||||||||||||||||||||||||
7.45% GLOBLS due July 16, 2031 (b) | 1,794 | 1,794 | ||||||||||||||||||||||||||
8.900% Debentures due January 15, 2032 | 151 | 151 | ||||||||||||||||||||||||||
9.95% Debentures due February 15, 2032 | 4 | 4 | ||||||||||||||||||||||||||
5.75% Debentures due April 2, 2035 (a) | 40 | 40 | ||||||||||||||||||||||||||
7.50% Notes due June 10, 2043 (c) | — | 593 | ||||||||||||||||||||||||||
7.75% Debentures due June 15, 2043 | 73 | 73 | ||||||||||||||||||||||||||
7.40% Debentures due November 1, 2046 | 398 | 398 | ||||||||||||||||||||||||||
9.980% Debentures due February 15, 2047 | 181 | 181 | ||||||||||||||||||||||||||
7.70% Debentures due May 15, 2097 | 142 | 142 | ||||||||||||||||||||||||||
4.75% Notes due January 15, 2043 | 2,000 | — | ||||||||||||||||||||||||||
Total public unsecured debt securities (d) | $ | 6,799 | $ | 5,420 | ||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Unregistered industrial revenue bonds. | |||||||||||||||||||||||||||
(b) | Listed on the Luxembourg Exchange and on the Singapore Exchange. | |||||||||||||||||||||||||||
(c) | Listed on the New York Stock Exchange; this debt was redeemed as of February 4, 2013. | |||||||||||||||||||||||||||
(d) | Excludes 9.215% Debentures due September 15, 2021 with an outstanding balance at December 31, 2013 of $180 million. The proceeds from these securities were on-lent by Ford to Ford Holdings to fund Financial Services activity and are reported as Financial Services debt. | |||||||||||||||||||||||||||
(e) | Redeemed as of November 25, 2013. |
Derivative_Financial_Instrumen1
Derivative Financial Instruments and Hedging Activities (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Income Effect of Derivative Instruments [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The following table summarizes by hedge designation the pre-tax gains/(losses) recorded in Other comprehensive income/(loss) (“OCI”), reclassified from Accumulated other comprehensive income/(loss) (“AOCI”) to income and/or recognized directly in income for the years ended December 31 (in millions): | ||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
Gains/(Losses) Recorded | Gains/(Losses) | Gains/(Losses) Recognized | Gains/(Losses) Recorded | Gains/(Losses) | Gains/(Losses) Recognized | Gains/(Losses) Recorded | Gains/(Losses) | Gains/(Losses) Recognized | ||||||||||||||||||||||||||||
in OCI | Reclassified | in Income | in OCI | Reclassified | in Income | in OCI | Reclassified | in Income | ||||||||||||||||||||||||||||
from AOCI | from AOCI | from AOCI | ||||||||||||||||||||||||||||||||||
to Income | to Income | to Income | ||||||||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||||||
Cash flow hedges | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | 317 | $ | (80 | ) | $ | (3 | ) | $ | (371 | ) | $ | (377 | ) | $ | 1 | $ | (100 | ) | $ | 119 | $ | (3 | ) | ||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | (26 | ) | $ | (138 | ) | $ | 20 | ||||||||||||||||||||||||||||
Commodity contracts | (84 | ) | (65 | ) | (423 | ) | ||||||||||||||||||||||||||||||
Other – warrants | — | (4 | ) | (1 | ) | |||||||||||||||||||||||||||||||
Total | $ | (110 | ) | $ | (207 | ) | $ | (404 | ) | |||||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||||||
Fair value hedges | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||||||||||||||||||
Net interest settlements and accruals excluded from the assessment of hedge effectiveness | $ | 254 | $ | 177 | $ | 217 | ||||||||||||||||||||||||||||||
Ineffectiveness (a) | (44 | ) | 16 | (30 | ) | |||||||||||||||||||||||||||||||
Total | $ | 210 | $ | 193 | $ | 187 | ||||||||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | (33 | ) | $ | (14 | ) | $ | (5 | ) | |||||||||||||||||||||||||||
Foreign currency exchange contracts | 21 | (70 | ) | (48 | ) | |||||||||||||||||||||||||||||||
Cross-currency interest rate swap contracts | (88 | ) | (150 | ) | (3 | ) | ||||||||||||||||||||||||||||||
Other (b) | — | (81 | ) | 65 | ||||||||||||||||||||||||||||||||
Total | $ | (100 | ) | $ | (315 | ) | $ | 9 | ||||||||||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||||||||||
(a) | For 2013, 2012, and 2011, hedge ineffectiveness reflects change in fair value on derivatives of $658 million loss, $228 million gain, and $433 million gain, respectively, and change in value on hedged debt attributable to the change in benchmark interest rate of $614 million gain, $212 million loss, and $463 million loss, respectively. | |||||||||||||||||||||||||||||||||||
(b) | Reflects gains/(losses) for derivative features included in the FUEL Notes (see Note 4). | |||||||||||||||||||||||||||||||||||
Balance Sheet Effect of Derivative Instruments [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The following table summarizes the notional amount and estimated fair value of our derivative financial instruments (in millions): | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Notional | Fair Value of | Fair Value of | Notional | Fair Value of | Fair Value of | |||||||||||||||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | |||||||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||||||
Cash flow hedges | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | $ | 16,238 | $ | 413 | $ | 189 | $ | 17,663 | $ | 150 | $ | 357 | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 11,599 | 144 | 210 | 9,225 | 68 | 129 | ||||||||||||||||||||||||||||||
Commodity contracts | 3,006 | 23 | 19 | 1,854 | 23 | 124 | ||||||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | 14,605 | 167 | 229 | 11,079 | 91 | 253 | ||||||||||||||||||||||||||||||
Total Automotive sector derivative financial instruments | $ | 30,843 | $ | 580 | $ | 418 | $ | 28,742 | $ | 241 | $ | 610 | ||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||||||
Fair value hedges | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | $ | 18,778 | $ | 360 | $ | 179 | $ | 16,754 | $ | 787 | $ | 8 | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||||||||||||||||||
Interest rate contracts | 69,863 | 224 | 126 | 68,919 | 504 | 248 | ||||||||||||||||||||||||||||||
Foreign currency exchange contracts | 2,410 | 1 | 25 | 2,378 | 9 | 8 | ||||||||||||||||||||||||||||||
Cross-currency interest rate swap contracts | 2,620 | — | 176 | 3,006 | — | 117 | ||||||||||||||||||||||||||||||
Total derivatives not designated as hedging instruments | 74,893 | 225 | 327 | 74,303 | 513 | 373 | ||||||||||||||||||||||||||||||
Total Financial Services sector derivative financial instruments | $ | 93,671 | $ | 585 | $ | 506 | $ | 91,057 | $ | 1,300 | $ | 381 | ||||||||||||||||||||||||
Offsetting Derivative Assets and Liabilities [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||
Fair Value of Assets | Fair Value of Liabilities | Fair Value of Assets | Fair Value of Liabilities | |||||||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||||||||||
Gross derivative amounts recognized in balance sheet | $ | 580 | $ | 418 | $ | 241 | $ | 610 | ||||||||||||||||||||||||||||
Gross derivative amounts not offset in the balance sheet that are eligible for offsetting | (359 | ) | (359 | ) | (218 | ) | (218 | ) | ||||||||||||||||||||||||||||
Net amount | $ | 221 | $ | 59 | $ | 23 | $ | 392 | ||||||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||||||
Gross derivative amounts recognized in balance sheet | $ | 585 | $ | 506 | $ | 1,300 | $ | 381 | ||||||||||||||||||||||||||||
Gross derivative amounts not offset in the balance sheet that are eligible for offsetting | (296 | ) | (296 | ) | (222 | ) | (222 | ) | ||||||||||||||||||||||||||||
Net amount | $ | 289 | $ | 210 | $ | 1,078 | $ | 159 | ||||||||||||||||||||||||||||
Redeemable_Noncontrolling_Inte1
Redeemable Noncontrolling Interest (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Redeemable Noncontrolling Interests [Abstract] | ' | |||||||
Redeemable Noncontrolling Interest [Table Text Block] | ' | |||||||
AutoAlliance International, Inc. (“AAI”) is a 50/50 joint venture between Ford and Mazda Motor Corporation (“Mazda”) that operates an automobile assembly plant in Flat Rock, Michigan. On September 1, 2012, we granted to Mazda a put option to sell and received a call option to purchase from Mazda the 50% equity interest in AAI that is held by Mazda (“the Option”). The Option is exercisable at a price of $339 million and is recorded as a redeemable noncontrolling interest in the mezzanine section of our balance sheet. Mazda’s share in AAI is redeemable by Ford or Mazda for a three-year period commencing on September 1, 2015. The following table summarizes the change in our redeemable noncontrolling interest for the years ended December 31 (in millions): | ||||||||
2013 | 2012 | |||||||
Beginning balance (a) | $ | 322 | $ | 319 | ||||
Accretion to the redemption value of noncontrolling interest (recognized in Interest expense) | 9 | 3 | ||||||
Ending balance | $ | 331 | $ | 322 | ||||
__________ | ||||||||
(a) The 2012 beginning balance reflects the fair value of redeemable noncontrolling interest at September 1, 2012, the date of the AAI consolidation. See Note 23 for additional information. |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income/(Loss) (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||
The following table summarizes the changes in the accumulated balances for each component of AOCI attributable to Ford Motor Company for the years ended December 31 (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Foreign currency translation | ||||||||||||
Beginning balance | $ | (1,241 | ) | $ | (1,383 | ) | $ | (665 | ) | |||
Net gains/(losses) on foreign currency translation (net of tax benefit of $53 and tax of $0 and $2) | (617 | ) | 157 | (697 | ) | |||||||
Reclassifications to net income (a) | 111 | (15 | ) | (21 | ) | |||||||
Other comprehensive income/(loss), net of tax (b) | (506 | ) | 142 | (718 | ) | |||||||
Ending balance | $ | (1,747 | ) | $ | (1,241 | ) | $ | (1,383 | ) | |||
Derivative instruments (c) | ||||||||||||
Beginning balance | $ | (175 | ) | $ | (181 | ) | $ | (29 | ) | |||
Net gains/(losses) on derivative instruments (net of tax of $141 and tax benefit of $115 and $29) | 176 | (256 | ) | (71 | ) | |||||||
Reclassifications to net income (net of tax of $41 and $115 and tax benefit of $38) (d) | 39 | 262 | (81 | ) | ||||||||
Other comprehensive income/(loss), net of tax | 215 | 6 | (152 | ) | ||||||||
Ending balance | $ | 40 | $ | (175 | ) | $ | (181 | ) | ||||
Pension and other postretirement benefits | ||||||||||||
Beginning balance | $ | (21,438 | ) | $ | (17,170 | ) | $ | (13,617 | ) | |||
Prior service cost arising during the period (net of tax of $0 and tax benefit of $1 and $35) | 2 | (31 | ) | 56 | ||||||||
Net gains/(losses) arising during the period (net of tax of $1,883 and tax benefit of $2,238 | 3,521 | (4,693 | ) | (4,229 | ) | |||||||
and $1,461) | ||||||||||||
Amortization of prior service costs/(credits) included in net income (net of tax benefit of $21, $100, and $183) (e) | (24 | ) | (164 | ) | (40 | ) | ||||||
Amortization of (gains)/losses included in net income (net of tax of $653, $404, and $69) (e) | 1,445 | 812 | 631 | |||||||||
Translation impact on non-U.S. plans | (30 | ) | (192 | ) | 29 | |||||||
Other comprehensive income/(loss), net of tax | 4,914 | (4,268 | ) | (3,553 | ) | |||||||
Ending balance | $ | (16,524 | ) | $ | (21,438 | ) | $ | (17,170 | ) | |||
Net holding gains/(losses) | ||||||||||||
Beginning balance | $ | — | $ | — | $ | (2 | ) | |||||
Reclassifications to net income | — | — | 2 | |||||||||
Ending balance | $ | — | $ | — | $ | — | ||||||
Total AOCI ending balance at December 31 | $ | (18,231 | ) | $ | (22,854 | ) | $ | (18,734 | ) | |||
__________ | ||||||||||||
(a) | The accumulated translation adjustments related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the entity and are recognized in Automotive interest income and other income/(loss), net or Financial Services other income/(loss), net. | |||||||||||
(b) | There were losses of $2 million attributable to noncontrolling interests in 2011. | |||||||||||
(c) We expect to reclassify existing net gains of $147 million from Accumulated other comprehensive income/(loss) to Automotive cost of sales during the next twelve months as the underlying exposures are realized. | ||||||||||||
(d) | Gains/(losses) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Automotive cost of sales. See Note 16 for additional information. | |||||||||||
(e) | These AOCI components are included in the computation of net periodic pension cost. See Note 14 for additional information. | |||||||||||
Other_Income_Loss_Tables
Other Income (Loss) (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Automotive [Member] | ' | |||||||||||
Other Income (Loss) and Debt Reduction Actions [Line Items] | ' | |||||||||||
Schedule of other income/(loss) [Table Text Block] | ' | |||||||||||
The following table summarizes amounts included in Automotive interest income and other income/(loss), net for the years ended December 31 (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest income | $ | 163 | $ | 272 | $ | 387 | ||||||
Realized and unrealized gains/(losses) on cash equivalents and marketable securities | 190 | 85 | (77 | ) | ||||||||
Gains/(Losses) on changes in investments in affiliates | (113 | ) | 594 | 436 | ||||||||
Gains/(Losses) on extinguishment of debt | (18 | ) | — | (60 | ) | |||||||
Royalty income | 577 | 414 | 266 | |||||||||
Other | 175 | 234 | 139 | |||||||||
Total | $ | 974 | $ | 1,599 | $ | 1,091 | ||||||
Financial Services [Member] | ' | |||||||||||
Other Income (Loss) and Debt Reduction Actions [Line Items] | ' | |||||||||||
Schedule of other income/(loss) [Table Text Block] | ' | |||||||||||
The following table summarizes amounts included in Financial Services other income/(loss), net for the years ended December 31 (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest income (investment-related) | $ | 50 | $ | 70 | $ | 84 | ||||||
Realized and unrealized gains/(losses) on cash equivalents and marketable securities | — | 16 | 15 | |||||||||
Gains/(Losses) on changes in investments in affiliates | 5 | (8 | ) | 51 | ||||||||
Gains/(Losses) on extinguishment of debt | (1 | ) | (14 | ) | (68 | ) | ||||||
Insurance premiums earned | 119 | 105 | 100 | |||||||||
Other | 175 | 196 | 193 | |||||||||
Total | $ | 348 | $ | 365 | $ | 375 | ||||||
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||||
Restricted Stock Units Activity [Table Text Block] | ' | |||||||||||||||
RSU activity during 2013 was as follows (in millions, except for weighted average grant-date fair value): | ||||||||||||||||
Shares | Weighted- | Aggregate | ||||||||||||||
Average Grant- | Intrinsic Value | |||||||||||||||
Date Fair Value | ||||||||||||||||
Outstanding, beginning of year | 18.2 | $ | 13.18 | |||||||||||||
Granted | 10.8 | 12.77 | ||||||||||||||
Vested | (7.7 | ) | 13.11 | |||||||||||||
Forfeited | (1.0 | ) | 12.52 | |||||||||||||
Outstanding, end of year | 20.3 | 13.11 | $ | 313 | ||||||||||||
RSU-stock expected to vest | 20 | N/A | 309 | |||||||||||||
Fair And Intrinsic Value Of Restricted Stock Units [Table Text Block] | ' | |||||||||||||||
The fair value and intrinsic value of RSUs was as follows (in millions, except RSU per unit amounts): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Fair value | ||||||||||||||||
Granted | $ | 138 | $ | 102 | $ | 123 | ||||||||||
Weighted average for multiple grant dates (per unit) | 12.77 | 12.43 | 14.47 | |||||||||||||
Vested | 101 | 109 | 141 | |||||||||||||
Intrinsic value | ||||||||||||||||
Vested | $ | 119 | $ | 329 | $ | 478 | ||||||||||
Compensation cost of RSU-stock [Table Text Block] | ' | |||||||||||||||
Compensation cost for RSUs for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Compensation cost (a) | $ | 81 | $ | 62 | $ | 84 | ||||||||||
__________ | ||||||||||||||||
(a) | Net of tax benefit of $48 million, $36 million, and $49 million in 2013, 2012, and 2011, respectively. | |||||||||||||||
Stock Options Activity [Table Text Block] | ' | |||||||||||||||
Stock option activity was as follows (in millions, except for weighted average exercise price): | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Shares | Weighted- | Shares | Weighted- | |||||||||||||
Average | Average | |||||||||||||||
Exercise | Exercise | |||||||||||||||
Price | Price | |||||||||||||||
Outstanding, beginning of year | 108 | $ | 9.14 | 144.4 | $ | 10.63 | ||||||||||
Granted | 5.9 | 12.76 | 6.4 | 12.43 | ||||||||||||
Exercised (a) | (33.1 | ) | 9.76 | (7.6 | ) | 5.7 | ||||||||||
Expired | (1.6 | ) | 8.26 | (35.2 | ) | 16.59 | ||||||||||
Forfeited | (0.1 | ) | 12.8 | — | — | |||||||||||
Outstanding, end of year | 79.1 | 9.17 | 108 | 9.14 | ||||||||||||
Exercisable, end of year | 67.6 | 8.53 | 96.5 | 8.67 | ||||||||||||
__________ | ||||||||||||||||
(a) | Exercised at option prices ranging from $1.96 to $16.49 during 2013 and option prices ranging from $1.96 to $12.49 during 2012 | |||||||||||||||
Fair Value Of Vested Stock Options [Table Text Block] | ' | |||||||||||||||
The total grant date fair value of options that vested during the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Fair value of vested options | $ | 41 | $ | 37 | $ | 36 | ||||||||||
Compensation cost of stock options [Table Text Block] | ' | |||||||||||||||
Compensation cost for stock options for the years ended December 31 was as follows (in millions): | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Compensation cost (a) | $ | 18 | $ | 26 | $ | 30 | ||||||||||
__________ | ||||||||||||||||
(a) | Net of tax benefit of $11 million, $16 million, and $17 million in 2013, 2012, and 2011, respectively. | |||||||||||||||
Rollforward of Nonvested Shares [Table Text Block] | ' | |||||||||||||||
A summary of the status of our non-vested shares and changes during 2013 follows (in millions, except for weighted average grant-date fair value): | ||||||||||||||||
Shares | Weighted- | |||||||||||||||
Average Grant- | ||||||||||||||||
Date Fair Value | ||||||||||||||||
Non-vested, beginning of year | 11.5 | $ | 6.79 | |||||||||||||
Granted | 5.9 | 5.03 | ||||||||||||||
Vested | (5.8 | ) | 7.04 | |||||||||||||
Forfeited | (0.1 | ) | 5.3 | |||||||||||||
Non-vested, end of year | 11.5 | 5.78 | ||||||||||||||
Fair Value Of Stock Options [Table Text Block] | ' | |||||||||||||||
The estimated fair value of stock options at the time of grant using the Black-Scholes option-pricing model was as follows: | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Fair value per stock option | $ | 5.03 | $ | 5.88 | $ | 8.48 | ||||||||||
Assumptions: | ||||||||||||||||
Annualized dividend yield | 3 | % | 2 | % | — | % | ||||||||||
Expected volatility | 52.2 | % | 53.8 | % | 53.2 | % | ||||||||||
Risk-free interest rate | 1.5 | % | 1.6 | % | 3.2 | % | ||||||||||
Expected stock option term (in years) | 7.7 | 7.2 | 7.1 | |||||||||||||
Stock option exercise price ranges [Table Text Block] | ' | |||||||||||||||
Details on various stock option exercise price ranges as of December 31, 2013 were as follows (shares in millions): | ||||||||||||||||
Outstanding Options | Exercisable Options | |||||||||||||||
Range of Exercise Prices | Shares | Weighted- | Weighted- | Shares | Weighted- | |||||||||||
Average Life | Average | Average | ||||||||||||||
(years) | Exercise | Exercise | ||||||||||||||
Price | Price | |||||||||||||||
$1.96 – $2.84 | 15.5 | 5.2 | $ | 2.16 | 15.5 | $ | 2.16 | |||||||||
$5.11 – $8.58 | 23.2 | 3.1 | 7.29 | 23.2 | 7.29 | |||||||||||
$10.11 – $12.98 | 29.1 | 5.3 | 12.58 | 19.1 | 12.56 | |||||||||||
$13.07 – $16.64 | 11.3 | 2.8 | 13.86 | 9.8 | 13.71 | |||||||||||
Total stock options | 79.1 | 67.6 | ||||||||||||||
Employee_Separation_Actions_an1
Employee Separation Actions and Exit and Disposal Activities (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Employee Separation Actions and Exit and Disposal Activities [Abstract] | ' | |||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | ' | |||
The following table summarizes the separation-related activity (excluding $180 million of pension-related costs discussed in Note 14) recorded in Other liabilities and deferred revenue, for the year ended December 31 (in millions): | ||||
2013 | ||||
Beginning balance | $ | — | ||
Changes in accruals | 607 | |||
Payments | (131 | ) | ||
Foreign Currency translation | 21 | |||
Ending balance | $ | 497 | ||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
INCOME TAXES [Abstract] | ' | |||||||||||
Components of income tax [Table Text Block] | ' | |||||||||||
Components of income taxes excluding discontinued operations, cumulative effects of changes in accounting principles, other comprehensive income, and equity in net results of affiliated companies accounted for after-tax, were as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Income before income taxes, excluding equity in net results of affiliated companies accounted for after-tax (in millions) | ||||||||||||
U.S. | $ | 6,523 | $ | 6,639 | $ | 6,043 | ||||||
Non-U.S. | (591 | ) | 493 | 2,138 | ||||||||
Total | $ | 5,932 | $ | 7,132 | $ | 8,181 | ||||||
Provision for/(Benefit from) income taxes (in millions) | ||||||||||||
Current | ||||||||||||
Federal | $ | (19 | ) | $ | 4 | $ | (4 | ) | ||||
Non-U.S. | 302 | 270 | 298 | |||||||||
State and local | (40 | ) | 3 | (24 | ) | |||||||
Total current | 243 | 277 | 270 | |||||||||
Deferred | ||||||||||||
Federal | (200 | ) | 2,076 | (9,785 | ) | |||||||
Non-U.S. | 321 | (126 | ) | (1,590 | ) | |||||||
State and local | (511 | ) | (171 | ) | (436 | ) | ||||||
Total deferred | (390 | ) | 1,779 | (11,811 | ) | |||||||
Total | $ | (147 | ) | $ | 2,056 | $ | (11,541 | ) | ||||
Reconciliation of effective tax rate | ||||||||||||
U.S. statutory rate | 35 | % | 35 | % | 35 | % | ||||||
Non-U.S. tax rates under U.S. rates | (1.5 | ) | (1.6 | ) | (1.5 | ) | ||||||
State and local income taxes | 1 | 0.2 | 1.1 | |||||||||
General business credits | (5.9 | ) | 0.3 | (1.9 | ) | |||||||
Dispositions and restructurings | (26.0 | ) | (1.7 | ) | 6.8 | |||||||
U.S. tax on non-U.S. earnings | (2.0 | ) | (1.0 | ) | (0.8 | ) | ||||||
Prior year settlements and claims | (0.2 | ) | (1.8 | ) | (0.2 | ) | ||||||
Tax-related interest | (0.2 | ) | — | (0.9 | ) | |||||||
Tax-exempt income | (5.9 | ) | (3.9 | ) | (3.9 | ) | ||||||
Enacted change in tax rates | 3 | 1.7 | (0.1 | ) | ||||||||
Valuation allowances | (0.8 | ) | 1.6 | (172.3 | ) | |||||||
Other | 1 | — | (2.4 | ) | ||||||||
Effective rate | (2.5 | )% | 28.8 | % | (141.1 | )% | ||||||
Components of deferred tax assets and liabilities [Table Text Block] | ' | |||||||||||
The components of deferred tax assets and liabilities were as follows (in millions): | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets | ||||||||||||
Employee benefit plans | $ | 4,907 | $ | 8,079 | ||||||||
Net operating loss carryforwards | 2,364 | 2,417 | ||||||||||
Tax credit carryforwards | 5,675 | 4,973 | ||||||||||
Research expenditures | 2,236 | 2,321 | ||||||||||
Dealer and dealers’ customer allowances and claims | 2,106 | 1,820 | ||||||||||
Other foreign deferred tax assets | 1,567 | 1,790 | ||||||||||
Allowance for credit losses | 143 | 146 | ||||||||||
All other | 2,736 | 1,176 | ||||||||||
Total gross deferred tax assets | 21,734 | 22,722 | ||||||||||
Less: valuation allowances | (1,633 | ) | (1,923 | ) | ||||||||
Total net deferred tax assets | 20,101 | 20,799 | ||||||||||
Deferred tax liabilities | ||||||||||||
Leasing transactions | 1,138 | 1,145 | ||||||||||
Deferred income | 2,075 | 2,094 | ||||||||||
Depreciation and amortization (excluding leasing transactions) | 2,430 | 1,561 | ||||||||||
Finance receivables | 723 | 616 | ||||||||||
Other foreign deferred tax liabilities | 311 | 379 | ||||||||||
All other | 707 | 289 | ||||||||||
Total deferred tax liabilities | 7,384 | 6,084 | ||||||||||
Net deferred tax assets/(liabilities) | $ | 12,717 | $ | 14,715 | ||||||||
Summary of Income Tax Contingencies [Table Text Block] | ' | |||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years listed (in millions): | ||||||||||||
2013 | 2012 | |||||||||||
Beginning balance | $ | 1,547 | $ | 1,721 | ||||||||
Increase – tax positions in prior periods | 128 | 84 | ||||||||||
Increase – tax positions in current period | 45 | 19 | ||||||||||
Decrease – tax positions in prior periods | (24 | ) | (246 | ) | ||||||||
Settlements | (79 | ) | (31 | ) | ||||||||
Lapse of statute of limitations | (54 | ) | (14 | ) | ||||||||
Foreign currency translation adjustment | 1 | 14 | ||||||||||
Ending balance | $ | 1,564 | $ | 1,547 | ||||||||
Dispositions_Other_Changes_in_1
Dispositions, Other Changes in Investments in Affiliates, and Assets Held for Sale (Tables) (Ford Romania SA [Member]) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Ford Romania SA [Member] | ' | |||
Dispositions, Other Changes in Investments in Affiliates, and Assets Held for Sale [Line Items] | ' | |||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | |||
The fair value of 100% of Ford Romania’s identifiable net assets was $48 million as shown below (in millions): | ||||
January 1, | ||||
2013 | ||||
Assets | ||||
Cash and cash equivalents | $ | 9 | ||
Receivables | 119 | |||
Inventories | 70 | |||
Net property | 927 | |||
Other assets | 112 | |||
Total assets of Ford Romania | $ | 1,237 | ||
Liabilities | ||||
Payables | $ | 232 | ||
Other liabilities | 76 | |||
Debt | 881 | |||
Total liabilities of Ford Romania | $ | 1,189 | ||
Capital_Stock_and_Amounts_Per_1
Capital Stock and Amounts Per Share (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||
Effect of Dividend on Convertible Notes [Table Text Block] | ' | |||||||||||
As a result of dividends totaling $0.40 per share ($0.10 per share in each quarter of 2013) paid on our Common Stock, the conversion rates for our outstanding convertible notes (see Note 15) have been adjusted pursuant to their terms as follows: | ||||||||||||
Conversion Rate - | ||||||||||||
Shares of Ford Common Stock for Each $1,000 Principal Amount | ||||||||||||
After Adjustment | After Adjustment | |||||||||||
In Effect | Effective | Effective | ||||||||||
Security | At January 1, 2013 | 3-May-13 | 1-Nov-13 | |||||||||
4.25% Senior Convertible Notes Due November 15, 2016 | 109.8554 shares | 111.5339 shares | 112.8203 shares | |||||||||
After Adjustment | After Adjustment | |||||||||||
In Effect | Effective | Effective | ||||||||||
At January 1, 2013 | 3-May-13 | 1-Nov-13 | ||||||||||
4.25% Senior Convertible Notes Due November 15, 2036 | 111.0495 shares | 112.7462 shares | 114.0466 shares | |||||||||
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block] | ' | |||||||||||
Basic and diluted income per share were calculated using the following (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Basic and Diluted Income Attributable to Ford Motor Company | ||||||||||||
Basic income | $ | 7,155 | $ | 5,665 | $ | 20,213 | ||||||
Effect of dilutive 2016 Convertible Notes (a) | 45 | 46 | 64 | |||||||||
Effect of dilutive 2036 Convertible Notes (a) | 1 | 2 | 2 | |||||||||
Effect of dilutive Trust Preferred Securities (a) (b) | — | — | 40 | |||||||||
Diluted income | $ | 7,201 | $ | 5,713 | $ | 20,319 | ||||||
Basic and Diluted Shares (c) | ||||||||||||
Basic shares (average shares outstanding) | 3,935 | 3,815 | 3,793 | |||||||||
Net dilutive options and warrants | 51 | 101 | 187 | |||||||||
Dilutive 2016 Convertible Notes | 98 | 96 | 95 | |||||||||
Dilutive 2036 Convertible Notes | 3 | 3 | 3 | |||||||||
Dilutive Trust Preferred Securities (b) | — | — | 33 | |||||||||
Diluted shares | 4,087 | 4,015 | 4,111 | |||||||||
__________ | ||||||||||||
(a) | As applicable, includes interest expense, amortization of discount, amortization of fees, and other changes in income or loss that would result from the assumed conversion. | |||||||||||
(b) | The Trust Preferred Securities, which were convertible into Ford Common Stock, were fully redeemed on March 15, 2011. | |||||||||||
(c) | Includes (i) 53 million in average net dilutive shares for 2012 for warrants outstanding prior to exercise, and (ii) 9 million in average basic shares outstanding for 2012 for shares issued for warrants exercised. In total, 362 million warrants were exercised by the deadline for exercise of December 31, 2012, on a net share settlement basis, resulting in the issuance of 106 million shares. |
Operating_Cash_Flows_Tables
Operating Cash Flows (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
OPERATING CASH FLOWS [Abstract] | ' | |||||||||||
Schedule of operating cash flows [Table Text Block] | ' | |||||||||||
The reconciliation of Net income attributable to Ford Motor Company to Net cash provided by/(used in) operating activities for the years ended December 31 was as follows (in millions): | ||||||||||||
2013 | ||||||||||||
Automotive | Financial Services | Total (a) | ||||||||||
Net income attributable to Ford Motor Company | $ | 5,755 | $ | 1,400 | $ | 7,155 | ||||||
Depreciation and tooling amortization | 4,064 | 2,440 | 6,504 | |||||||||
Other amortization | 110 | (158 | ) | (48 | ) | |||||||
Provision for credit and insurance losses | 2 | 208 | 210 | |||||||||
Net (gain)/loss on extinguishment of debt | 18 | 1 | 19 | |||||||||
Net (gain)/loss on investment securities | (190 | ) | — | (190 | ) | |||||||
Loss on retiree lump-sum settlements | 594 | — | 594 | |||||||||
Equity investment earnings in excess of dividends received | (529 | ) | — | (529 | ) | |||||||
Foreign currency adjustments | 227 | 1 | 228 | |||||||||
Net (gain)/loss on changes in investments in affiliates | 113 | — | 113 | |||||||||
Stock compensation | 152 | 7 | 159 | |||||||||
Provision for deferred income taxes | (494 | ) | (367 | ) | (861 | ) | ||||||
Decrease/(Increase) in intersector receivables/payables | (136 | ) | 136 | — | ||||||||
Decrease/(Increase) in accounts receivable and other assets | (1,401 | ) | (568 | ) | (1,969 | ) | ||||||
Decrease/(Increase) in inventory | (572 | ) | — | (572 | ) | |||||||
Increase/(Decrease) in accounts payable and other liabilities | (1,332 | ) | 737 | (595 | ) | |||||||
Other | 1,357 | (485 | ) | 872 | ||||||||
Net cash provided by/(used in) operating activities | $ | 7,738 | $ | 3,352 | $ | 11,090 | ||||||
2012 | ||||||||||||
Automotive | Financial Services | Total (a) | ||||||||||
Net income attributable to Ford Motor Company | $ | 4,466 | $ | 1,199 | $ | 5,665 | ||||||
Depreciation and tooling amortization | 3,655 | 1,831 | 5,486 | |||||||||
Other amortization | 43 | (325 | ) | (282 | ) | |||||||
Provision for credit and insurance losses | 6 | 77 | 83 | |||||||||
Net (gain)/loss on extinguishment of debt | — | 14 | 14 | |||||||||
Net (gain)/loss on investment securities | (89 | ) | (16 | ) | (105 | ) | ||||||
Dividends in excess of equity investment earnings | 20 | — | 20 | |||||||||
Foreign currency adjustments | (121 | ) | 5 | (116 | ) | |||||||
Net (gain)/loss on sale of businesses | 183 | 4 | 187 | |||||||||
Gain on changes in investments in affiliates | (780 | ) | — | (780 | ) | |||||||
Stock compensation | 134 | 6 | 140 | |||||||||
Provision for deferred income taxes | 1,444 | 545 | 1,989 | |||||||||
Decrease/(Increase) in intersector receivables/payables | 899 | (899 | ) | — | ||||||||
Decrease/(Increase) in accounts receivable and other assets | (2,335 | ) | (162 | ) | (2,497 | ) | ||||||
Decrease/(Increase) in inventory | (1,401 | ) | — | (1,401 | ) | |||||||
Increase/(Decrease) in accounts payable and other liabilities | (520 | ) | (34 | ) | (554 | ) | ||||||
Other | 662 | (202 | ) | 460 | ||||||||
Net cash provided by/(used in) operating activities | $ | 6,266 | $ | 2,043 | $ | 8,309 | ||||||
_________ | ||||||||||||
(a) | See Note 1 for a reconciliation of the sum of the sector net cash provided by/(used in) operating activities to the consolidated net cash provided by/(used in) operating activities. | |||||||||||
NOTE 25. OPERATING CASH FLOWS (Continued) | ||||||||||||
2011 | ||||||||||||
Automotive | Financial Services | Total (a) | ||||||||||
Net income attributable to Ford Motor Company | $ | 18,447 | $ | 1,766 | $ | 20,213 | ||||||
Depreciation and tooling amortization | 3,533 | 1,184 | 4,717 | |||||||||
Other amortization | 80 | (541 | ) | (461 | ) | |||||||
Provision for credit and insurance losses | 2 | (36 | ) | (34 | ) | |||||||
Net (gain)/loss on extinguishment of debt | 60 | 68 | 128 | |||||||||
Net (gain)/loss on investment securities | 76 | 6 | 82 | |||||||||
Equity investment earnings in excess of dividends received | (169 | ) | — | (169 | ) | |||||||
Foreign currency adjustments | (35 | ) | (2 | ) | (37 | ) | ||||||
Net (gain)/loss on sale of businesses | (410 | ) | (11 | ) | (421 | ) | ||||||
Stock compensation | 163 | 8 | 171 | |||||||||
Provision for deferred income taxes | (11,566 | ) | 495 | (11,071 | ) | |||||||
Decrease/(Increase) in intersector receivables/payables | 642 | (642 | ) | — | ||||||||
Decrease/(Increase) in accounts receivable and other assets | (1,658 | ) | (284 | ) | (1,942 | ) | ||||||
Decrease/(Increase) in inventory | (367 | ) | — | (367 | ) | |||||||
Increase/(Decrease) in accounts payable and other liabilities | (168 | ) | (1,431 | ) | (1,599 | ) | ||||||
Other | 738 | (162 | ) | 576 | ||||||||
Net cash provided by/(used in) operating activities | $ | 9,368 | $ | 418 | $ | 9,786 | ||||||
_________ | ||||||||||||
(a) | See Note 1 for a reconciliation of the sum of the sector net cash provided by/(used in) operating activities to the consolidated net cash provided by/(used in) operating activities. | |||||||||||
Supplementary cash flow disclosures [Table Text Block] | ' | |||||||||||
Cash paid/(received) for interest and income taxes for continuing operations for the years ended December 31 was as follows (in millions): | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest | ||||||||||||
Automotive sector | $ | 746 | $ | 693 | $ | 1,012 | ||||||
Financial Services sector | 2,755 | 3,003 | 3,357 | |||||||||
Total interest paid | $ | 3,501 | $ | 3,696 | $ | 4,369 | ||||||
Income taxes | $ | 538 | $ | 344 | $ | 268 | ||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Sector and Segment Revenue, Eliminations, Assets, and Other Disclosures [Table Text Block] | ' | |||||||||||||||||||||||||||
Key operating data for our business segments for the years ended or at December 31 were as follows (in millions): | ||||||||||||||||||||||||||||
Automotive Sector | ||||||||||||||||||||||||||||
Operating Segments | Reconciling Items | |||||||||||||||||||||||||||
North | South | Europe | Asia | Other | Special | Total | ||||||||||||||||||||||
America | America | Pacific | Automotive | Items | ||||||||||||||||||||||||
Africa | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Revenues | $ | 88,907 | $ | 10,844 | $ | 27,882 | $ | 11,736 | $ | — | $ | — | $ | 139,369 | ||||||||||||||
Income/(loss) before income taxes | 8,781 | (34 | ) | (1,609 | ) | 415 | (656 | ) | (1,568 | ) | 5,329 | |||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 2,128 | 272 | 1,312 | 352 | — | — | 4,064 | |||||||||||||||||||||
Amortization of intangibles | 9 | — | 1 | 1 | — | — | 11 | |||||||||||||||||||||
Interest expense | — | — | — | — | 829 | — | 829 | |||||||||||||||||||||
Interest income | 100 | — | 6 | 4 | 53 | — | 163 | |||||||||||||||||||||
Cash outflow for capital spending | 3,754 | 756 | 1,277 | 779 | — | — | 6,566 | |||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 127 | — | 125 | 794 | — | — | 1,046 | |||||||||||||||||||||
Total assets at December 31 | 59,038 | 7,056 | 15,264 | 8,968 | — | — | 90,326 | |||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Revenues | $ | 79,943 | $ | 10,080 | $ | 26,546 | $ | 9,998 | $ | — | $ | — | $ | 126,567 | ||||||||||||||
Income/(loss) before income taxes | 8,343 | 213 | (1,753 | ) | (77 | ) | (470 | ) | (246 | ) | 6,010 | |||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,964 | 256 | 1,132 | 303 | — | — | 3,655 | |||||||||||||||||||||
Amortization of intangibles | 9 | — | — | 1 | — | — | 10 | |||||||||||||||||||||
Interest expense | — | — | — | — | 713 | — | 713 | |||||||||||||||||||||
Interest income | 72 | — | — | — | 200 | — | 272 | |||||||||||||||||||||
Cash outflow for capital spending | 3,150 | 668 | 1,112 | 529 | — | — | 5,459 | |||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 127 | — | 113 | 315 | — | — | 555 | |||||||||||||||||||||
Total assets at December 31 | 51,699 | 6,819 | 20,305 | 7,635 | — | — | 86,458 | |||||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Revenues | $ | 75,022 | $ | 10,976 | $ | 33,758 | $ | 8,412 | $ | — | $ | — | $ | 128,168 | ||||||||||||||
Income/(loss) before income taxes | 6,191 | 861 | (27 | ) | (92 | ) | (601 | ) | (82 | ) | 6,250 | |||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,769 | 265 | 1,225 | 274 | — | — | 3,533 | |||||||||||||||||||||
Amortization of intangibles | 9 | 2 | — | 1 | — | — | 12 | |||||||||||||||||||||
Interest expense | — | — | — | — | 817 | — | 817 | |||||||||||||||||||||
Interest income | 60 | — | — | — | 327 | — | 387 | |||||||||||||||||||||
Cash outflow for capital spending | 2,164 | 581 | 1,034 | 493 | — | — | 4,272 | |||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 179 | — | 61 | 239 | — | — | 479 | |||||||||||||||||||||
Total assets at December 31 | 46,038 | 6,878 | 19,737 | 6,133 | — | — | 78,786 | |||||||||||||||||||||
NOTE 26. SEGMENT INFORMATION (Continued) | ||||||||||||||||||||||||||||
Financial Services Sector | Total Company | |||||||||||||||||||||||||||
Operating Segments | Reconciling Item | |||||||||||||||||||||||||||
Ford | Other | Elims | Total | Elims (b) | Total | |||||||||||||||||||||||
Credit (a) | Financial | |||||||||||||||||||||||||||
Services | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Revenues | $ | 7,805 | $ | 192 | $ | (449 | ) | $ | 7,548 | $ | — | $ | 146,917 | |||||||||||||||
Income/(loss) before income taxes | 1,756 | (84 | ) | — | 1,672 | — | 7,001 | |||||||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 2,422 | 18 | — | 2,440 | — | 6,504 | ||||||||||||||||||||||
Amortization of intangibles | — | — | — | — | — | 11 | ||||||||||||||||||||||
Interest expense | 2,730 | 130 | — | 2,860 | — | 3,689 | ||||||||||||||||||||||
Interest income (c) | 50 | — | — | 50 | — | 213 | ||||||||||||||||||||||
Cash outflow for capital spending | 16 | 15 | — | 31 | — | 6,597 | ||||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 23 | — | — | 23 | — | 1,069 | ||||||||||||||||||||||
Total assets at December 31 | 115,608 | 5,679 | (6,230 | ) | 115,057 | (3,357 | ) | 202,026 | ||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Revenues | $ | 7,189 | $ | 267 | $ | (464 | ) | $ | 6,992 | $ | — | $ | 133,559 | |||||||||||||||
Income/(loss) before income taxes | 1,697 | 13 | — | 1,710 | — | 7,720 | ||||||||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,806 | 25 | — | 1,831 | — | 5,486 | ||||||||||||||||||||||
Amortization of intangibles | — | — | — | — | — | 10 | ||||||||||||||||||||||
Interest expense | 3,027 | 88 | — | 3,115 | — | 3,828 | ||||||||||||||||||||||
Interest income (c) | 69 | 1 | — | 70 | — | 342 | ||||||||||||||||||||||
Cash outflow for capital spending | 18 | 11 | — | 29 | — | 5,488 | ||||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 33 | — | — | 33 | — | 588 | ||||||||||||||||||||||
Total assets at December 31 | 104,596 | 7,698 | (7,282 | ) | 105,012 | (2,064 | ) | 189,406 | ||||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Revenues | $ | 7,662 | $ | 337 | $ | (562 | ) | $ | 7,437 | $ | — | $ | 135,605 | |||||||||||||||
Income/(loss) before income taxes | 2,404 | 27 | — | 2,431 | — | 8,681 | ||||||||||||||||||||||
Other disclosures: | ||||||||||||||||||||||||||||
Depreciation and tooling amortization | 1,154 | 30 | — | 1,184 | — | 4,717 | ||||||||||||||||||||||
Amortization of intangibles | — | — | — | — | — | 12 | ||||||||||||||||||||||
Interest expense | 3,507 | 107 | — | 3,614 | — | 4,431 | ||||||||||||||||||||||
Interest income (c) | 83 | 1 | — | 84 | — | 471 | ||||||||||||||||||||||
Cash outflow for capital spending | 15 | 6 | — | 21 | — | 4,293 | ||||||||||||||||||||||
Unconsolidated affiliates | ||||||||||||||||||||||||||||
Equity in net income | 21 | — | — | 21 | — | 500 | ||||||||||||||||||||||
Total assets at December 31 | 99,280 | 8,634 | (7,302 | ) | 100,612 | (2,012 | ) | 177,386 | ||||||||||||||||||||
__________ | ||||||||||||||||||||||||||||
(a) | Prior-year revenues, depreciation, and total assets were reclassified to conform to current-year presentation. | |||||||||||||||||||||||||||
(b) | Includes intersector transactions occurring in the ordinary course of business and deferred tax netting. | |||||||||||||||||||||||||||
(c) | Interest income reflected on this line for Financial Services sector is non-financing related. Interest income in the normal course of business for Financial Services sector is reported in Financial Services revenues. |
Geographic_Information_Tables
Geographic Information (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
GEOGRAPHIC INFORMATION [Abstract] | ' | |||||||||||||||||||||||
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block] | ' | |||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Revenues | Long-Lived | Revenues | Long-Lived | Revenues | Long-Lived | |||||||||||||||||||
Assets (a) | Assets (a) | Assets (a) | ||||||||||||||||||||||
United States | $ | 85,459 | $ | 28,276 | $ | 76,055 | $ | 22,986 | $ | 70,839 | $ | 18,514 | ||||||||||||
United Kingdom | 10,038 | 1,503 | 9,208 | 1,668 | 9,479 | 1,721 | ||||||||||||||||||
Canada | 9,729 | 3,154 | 9,470 | 2,580 | 9,415 | 2,424 | ||||||||||||||||||
Germany | 8,600 | 2,635 | 8,005 | 2,719 | 8,493 | 2,996 | ||||||||||||||||||
Mexico | 1,992 | 1,910 | 1,818 | 1,990 | 1,920 | 1,419 | ||||||||||||||||||
All Other | 31,099 | 8,738 | 29,003 | 6,887 | 35,459 | 5,817 | ||||||||||||||||||
Total Company | $ | 146,917 | $ | 46,216 | $ | 133,559 | $ | 38,830 | $ | 135,605 | $ | 32,891 | ||||||||||||
__________ | ||||||||||||||||||||||||
(a) | Includes Net property from our consolidated balance sheet and Financial Services Net investment in operating leases from the sector balance sheet. |
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
SELECTED QUARTERLY FINANCIAL DATA [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | |||||||||||||||||||||||||||||||
Selected financial data by calendar quarter were as follows (in millions, except per share amounts): | ||||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
Automotive Sector | First | Second | Third | Fourth | First | Second | Third | Fourth | ||||||||||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | |||||||||||||||||||||||||
Revenues | $ | 33,858 | $ | 36,079 | $ | 33,857 | $ | 35,575 | $ | 30,525 | $ | 31,328 | $ | 30,247 | $ | 34,467 | ||||||||||||||||
Income before income taxes | 1,620 | 1,368 | 1,728 | 613 | 1,582 | 1,148 | 1,858 | 1,422 | ||||||||||||||||||||||||
Financial Services Sector | ||||||||||||||||||||||||||||||||
Revenues | $ | 1,791 | $ | 1,844 | $ | 1,918 | $ | 1,995 | $ | 1,758 | $ | 1,709 | $ | 1,744 | $ | 1,781 | ||||||||||||||||
Income before income taxes | 503 | 451 | 363 | 355 | 456 | 447 | 388 | 419 | ||||||||||||||||||||||||
Total Company | ||||||||||||||||||||||||||||||||
Income before income taxes | $ | 2,123 | $ | 1,819 | $ | 2,091 | $ | 968 | $ | 2,038 | $ | 1,595 | $ | 2,246 | $ | 1,841 | ||||||||||||||||
Amounts Attributable to Ford Motor Company Common and Class B Shareholders | ||||||||||||||||||||||||||||||||
Net income | $ | 1,611 | $ | 1,233 | $ | 1,272 | $ | 3,039 | $ | 1,396 | $ | 1,040 | $ | 1,631 | $ | 1,598 | ||||||||||||||||
Common and Class B per share from income from continuing operations | ||||||||||||||||||||||||||||||||
Basic | $ | 0.41 | $ | 0.31 | $ | 0.32 | $ | 0.77 | $ | 0.37 | $ | 0.27 | $ | 0.43 | $ | 0.42 | ||||||||||||||||
Diluted | 0.4 | 0.3 | 0.31 | 0.74 | 0.35 | 0.26 | 0.41 | 0.4 | ||||||||||||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||
Guarantee obligations [Table Text Block] | ' | |||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Maximum potential payments | $ | 659 | $ | 1,073 | ||||
Carrying value of recorded liabilities related to guarantees and limited indemnities | 5 | 17 | ||||||
Warranty [Table Text Block] | ' | |||||||
Warranty accruals accounted for in Other liabilities and deferred revenue for the years ended December 31 were as follows (in millions): | ||||||||
2013 | 2012 | |||||||
Beginning balance | $ | 3,656 | $ | 3,915 | ||||
Payments made during the period | (2,302 | ) | (2,254 | ) | ||||
Changes in accrual related to warranties issued during the period | 2,025 | 1,885 | ||||||
Changes in accrual related to pre-existing warranties | 625 | 49 | ||||||
Foreign currency translation and other | (77 | ) | 61 | |||||
Ending balance | $ | 3,927 | $ | 3,656 | ||||
Presentation_Reconciliations_b
Presentation - Reconciliations between Consolidated and Sector Deferred Taxes (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Sector balance sheet presentation of deferred income tax assets [Abstract] | ' | ' |
Deferred income tax assets | $13,315 | $15,185 |
Sector balance sheet presentation of deferred income tax liabilities [Abstract] | ' | ' |
Deferred income tax liabilities | 598 | 470 |
Automotive [Member] | ' | ' |
Sector balance sheet presentation of deferred income tax assets [Abstract] | ' | ' |
Automotive sector current deferred income tax assets | 1,574 | 3,488 |
Automotive sector non-current deferred income tax assets | 13,283 | 13,325 |
Sector balance sheet presentation of deferred income tax liabilities [Abstract] | ' | ' |
Automotive sector current deferred income tax liabilities | 267 | 81 |
Automotive sector non-current deferred income tax liabilities | 430 | 514 |
Financial Services [Member] | ' | ' |
Sector balance sheet presentation of deferred income tax liabilities [Abstract] | ' | ' |
Deferred income tax liabilities | 1,627 | 1,687 |
Financial Services [Member] | Other assets [Member] | ' | ' |
Sector balance sheet presentation of deferred income tax assets [Abstract] | ' | ' |
Deferred income tax assets | 184 | 184 |
Intersector [Member] | ' | ' |
Sector balance sheet presentation of deferred income tax assets [Abstract] | ' | ' |
Deferred income tax assets | 15,041 | 16,997 |
Sector balance sheet presentation of deferred income tax liabilities [Abstract] | ' | ' |
Deferred income tax liabilities | 2,324 | 2,282 |
Intersector Eliminations [Member] | ' | ' |
Sector balance sheet presentation of deferred income tax assets [Abstract] | ' | ' |
Deferred income tax assets | -1,726 | -1,812 |
Sector balance sheet presentation of deferred income tax liabilities [Abstract] | ' | ' |
Deferred income tax liabilities | ($1,726) | ($1,812) |
Presentation_Sector_to_Consoli
Presentation - Sector to Consolidated Cash Flow Reconciliation (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Sector to Consolidated Cash Flow Reconciliation [Abstract] | ' | ' | ' |
Net cash provided by/(used in) operating activities | $10,444 | $9,045 | $9,784 |
Net cash provided by/(used in) investing activities | -19,731 | -14,290 | -3,041 |
Net cash provided by/(used in) financing activities | 8,133 | 3,705 | -4,241 |
Intersector [Member] | ' | ' | ' |
Sector to Consolidated Cash Flow Reconciliation [Abstract] | ' | ' | ' |
Net cash provided by/(used in) operating activities | 11,090 | 8,309 | 9,786 |
Net cash provided by/(used in) investing activities | -19,932 | -12,428 | -140 |
Net cash provided by/(used in) financing activities | 7,688 | 2,579 | -7,144 |
Reclassifications [Abstract] | ' | ' | ' |
Purchase/Collection of wholesale receivables (Reclassifications to operating cash flows) | -2,971 | -1,235 | -2,010 |
Purchase/Collection of other receivables (Reclassifications to operating cash flows) | -73 | 57 | 21 |
Payment of interest supplements and residual support (Reclassification to operating cash flows) | 2,398 | 1,914 | 1,987 |
Purchase/Collections of wholesale receivables (Reclassifications from investing cash flows) | 2,971 | 1,235 | 2,010 |
Purchase/Collections of other receivables (Reclassifications from investing cash flows) | 73 | -57 | -21 |
Payment of interest supplements and residual support (Reclassification from investing cash flows) | -2,398 | -1,914 | -1,987 |
Reclassifications [Abstract] | ' | ' | ' |
Maturity of Financial Services sector debt held by Automotive sector (Reclassifications from investing cash flows) | 0 | -201 | 0 |
Maturity of Financial Services sector debt held by Automotive sector (Reclassifications to financing cash flows) | 0 | 201 | 0 |
Automotive [Member] | ' | ' | ' |
Sector to Consolidated Cash Flow Reconciliation [Abstract] | ' | ' | ' |
Net cash provided by/(used in) operating activities | 7,738 | 6,266 | 9,368 |
Net cash provided by/(used in) investing activities | -8,111 | -8,024 | -1,541 |
Net cash provided by/(used in) financing activities | -822 | 40 | -5,932 |
Financial Services [Member] | ' | ' | ' |
Sector to Consolidated Cash Flow Reconciliation [Abstract] | ' | ' | ' |
Net cash provided by/(used in) operating activities | 3,352 | 2,043 | 418 |
Net cash provided by/(used in) investing activities | -11,821 | -4,404 | 1,401 |
Net cash provided by/(used in) financing activities | 8,510 | 2,539 | -1,212 |
Sector to Consolidated Cash Flow Reconciliation - Footnote Narrative: [Abstract] | ' | ' | ' |
Percent of cash flows from wholesale finance receivables reclassified for consolidated presentation | 100.00% | ' | ' |
Intersector Eliminations [Member] | ' | ' | ' |
Sector to Consolidated Cash Flow Reconciliation [Abstract] | ' | ' | ' |
Net cash provided by/(used in) investing activities | -445 | -925 | -2,903 |
Net cash provided by/(used in) financing activities | $445 | $925 | $2,903 |
Presentation_Transactions_Betw
Presentation Transactions Between Sectors (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Billions, unless otherwise specified | ||
Financial Services [Member] | ' | ' |
Finance receivables, net | $3.30 | $4.80 |
Unearned interest supplements and residual support | -3.1 | -2.6 |
Wholesale receivables/Other | 0.8 | 0.8 |
Net investment in operating leases | 0.6 | 0.5 |
Intersector receivables/(payables) | 0.2 | 0.3 |
Automotive [Member] | ' | ' |
Intersector receivables/(payables) | ($0.20) | ($0.30) |
Presentation_Venezuelan_Operat
Presentation - Venezuelan Operations (Details) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Mar. 31, 2013 | Feb. 13, 2013 | Feb. 12, 2013 |
In Millions, unless otherwise specified | USD ($) | USD ($) | USD ($) | USD ($) | VENEZUELA | VENEZUELA | VENEZUELA | VENEZUELA |
USD ($) | USD ($) | VEB | VEB | |||||
Foreign Currency Spot Exchange Rate | ' | ' | ' | ' | ' | ' | 6.3 | 4.3 |
Remeasurement Loss | ' | ' | ' | ' | $360 | $186 | ' | ' |
Monetary Assets, Net | 749 | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents included in net monetary assets | 14,468 | 15,659 | 17,148 | 14,805 | 765 | ' | ' | ' |
Total Investment in Currency Restricted Subsidiary | ' | ' | ' | ' | 881 | ' | ' | ' |
Amounts of Foreign Currency Payment Pending Approval | ' | ' | ' | ' | 300 | ' | ' | ' |
Amounts Payable to Other Subsidiaries from Currency Restricted Subsidiary | ' | ' | ' | ' | $295 | ' | ' | ' |
Summary_of_Accounting_Policies3
Summary of Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ($349,000,000) | ($426,000,000) | $4,000,000 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Finite-Lived Intangible Assets, Net | 85,000,000 | 87,000,000 | ' |
Amortization of Intangible Assets | 11,000,000 | 10,000,000 | 12,000,000 |
Finite Lived Intangible Assets Forecasted Amortization Maximum Year 1 | 11,000,000 | ' | ' |
Revenue Recognition [Abstract] | ' | ' | ' |
Average Term Deferred Revenue Is Recognized | 'P8M | ' | ' |
Number Of Days Interest On Receivables and Revenue On Operating Leases Is Discontinued | 'time a receivable or account is determined to be uncollectible, at bankruptcy status notification, or greater than 120 days past due | ' | ' |
Period For Interest On Receivables and Revenue On Operating Leases Is Discontinued | '120 days | ' | ' |
Retail and Lease Supplements [Abstract] | ' | ' | ' |
Amount of Reduction in Depreciation Expense On Property Subject To Or Held For Lease | 946,000,000 | 850,000,000 | 889,000,000 |
Selected Other Costs [Abstract] | ' | ' | ' |
Engineering, research, and development | 6,400,000,000 | 5,500,000,000 | 5,300,000,000 |
Advertising | 4,400,000,000 | 4,000,000,000 | 4,100,000,000 |
Financial Services [Member] | ' | ' | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Amortization of Intangible Assets | 0 | 0 | 0 |
Retail and Lease Supplements [Abstract] | ' | ' | ' |
Earned Interest Supplements And Residual Support Revenue | $1,500,000,000 | $1,600,000,000 | $2,100,000,000 |
Fair_Value_Measurements_Input_
Fair Value Measurements - Input Hierarchy of Items Measured at Fair Value on a Recurring Basis (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Valuation Methodologies | ' | ' | ' |
Number of Days At Which Fair Value of Finance Receivables Is Measured | 'greater than 120 days past due or deemed to be uncollectible | ' | ' |
Number Of Months Used To Determine Short Term Highly Liquid Investments Treatment As Cash Equivalents | '3 months | ' | ' |
Number Of Months Used To Determine Investments Treatment As Marketable Securities, Minimum | '3 months | ' | ' |
Term At Which Fair Value of Finance Receivables is Measured | '120 days | ' | ' |
Securities Purchased under Agreements to Resell [Abstract] | ' | ' | ' |
Securities Purchased under Agreements to Resell, Gross | $228,000,000 | $51,000,000 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 1,200,000,000 | ' | ' |
Cash and cash equivalents | ' | ' | ' |
Valuation Methodologies | ' | ' | ' |
Number of months for evaluating classification of investments | 'three months or less from the date of acquisition | ' | ' |
Marketable securities [Member] | ' | ' | ' |
Valuation Methodologies | ' | ' | ' |
Number of months for evaluating classification of investments | 'maturity date greater than three months at the date of purchase | ' | ' |
Automotive [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 580,000,000 | 241,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 418,000,000 | 610,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 233,000,000 | 1,222,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 20,157,000,000 | 18,178,000,000 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 580,000,000 | 241,000,000 | ' |
Total assets at fair value | 20,970,000,000 | 19,641,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 418,000,000 | 610,000,000 | ' |
Total liabilities at fair value | 418,000,000 | 610,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 9,000,000 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 3,752,000,000 | 4,493,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 24,000,000 | 718,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 6,596,000,000 | 5,459,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 200,000,000 | 139,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 1,115,000,000 | 1,367,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 365,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 5,423,000,000 | 4,794,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 2,623,000,000 | 1,871,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 295,000,000 | 25,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Equities [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 341,000,000 | 142,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 12,000,000 | 27,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 557,000,000 | 218,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 399,000,000 | 486,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Commodity Contract [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 23,000,000 | 23,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 19,000,000 | 124,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Cash equivalents - financial instruments [Member] | ' | ' | ' |
Input Hierarchy of Items Measured at Fair Value on a Recurring Basis - Footnote Narrative | ' | ' | ' |
Par Value Assets Excluded From Fair Value By Input | 2,700,000,000 | 3,000,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Cash [Member] | ' | ' | ' |
Input Hierarchy of Items Measured at Fair Value on a Recurring Basis - Footnote Narrative | ' | ' | ' |
Par Value Assets Excluded From Fair Value By Input | 2,000,000,000 | 2,000,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 4,093,000,000 | 4,635,000,000 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Total assets at fair value | 4,093,000,000 | 4,635,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Total liabilities at fair value | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 3,752,000,000 | 4,493,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Corporate Debt [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Equities [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 341,000,000 | 142,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Commodity Contract [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 233,000,000 | 1,222,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 16,064,000,000 | 13,543,000,000 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 579,000,000 | 237,000,000 | ' |
Total assets at fair value | 16,876,000,000 | 15,002,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 416,000,000 | 598,000,000 | ' |
Total liabilities at fair value | 416,000,000 | 598,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 9,000,000 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 24,000,000 | 718,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 6,596,000,000 | 5,459,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 200,000,000 | 139,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 1,115,000,000 | 1,367,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 365,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 5,423,000,000 | 4,794,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Corporate Debt [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 2,623,000,000 | 1,871,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 295,000,000 | 25,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Equities [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 12,000,000 | 27,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 557,000,000 | 218,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 399,000,000 | 486,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Commodity Contract [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 22,000,000 | 19,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 17,000,000 | 112,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 1,000,000 | 4,000,000 | ' |
Total assets at fair value | 1,000,000 | 4,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 2,000,000 | 12,000,000 | ' |
Total liabilities at fair value | 2,000,000 | 12,000,000 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Corporate Debt [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Equities [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Automotive [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Commodity Contract [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 1,000,000 | 4,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 2,000,000 | 12,000,000 | ' |
Financial Services [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 585,000,000 | 1,300,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 506,000,000 | 381,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Retail and Dealer Loans [Abstract] | ' | ' | ' |
Fair value adjustment | 20,000,000 | 25,000,000 | 37,000,000 |
Financial Services [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | ' | ' | ' |
Retail and Dealer Loans [Abstract] | ' | ' | ' |
Fair value of retail and dealer loans | 61,000,000 | 80,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 24,000,000 | 324,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 1,943,000,000 | 2,106,000,000 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 585,000,000 | 1,300,000,000 | ' |
Total assets at fair value | 2,552,000,000 | 3,730,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 506,000,000 | 381,000,000 | ' |
Total liabilities at fair value | 506,000,000 | 381,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 200,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 418,000,000 | 620,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 20,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 25,000,000 | 12,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 24,000,000 | 103,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 56,000,000 | 142,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 128,000,000 | 95,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 1,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 1,273,000,000 | 1,155,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 43,000,000 | 67,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 15,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Interest rate contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 584,000,000 | 1,291,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 305,000,000 | 256,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 1,000,000 | 9,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 25,000,000 | 8,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Cross-currency interest rate swap contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 176,000,000 | 117,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Cash equivalents - financial instruments [Member] | ' | ' | ' |
Input Hierarchy of Items Measured at Fair Value on a Recurring Basis - Footnote Narrative | ' | ' | ' |
Par Value Assets Excluded From Fair Value By Input | 6,700,000,000 | 6,500,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Cash [Member] | ' | ' | ' |
Input Hierarchy of Items Measured at Fair Value on a Recurring Basis - Footnote Narrative | ' | ' | ' |
Par Value Assets Excluded From Fair Value By Input | 2,800,000,000 | 2,600,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 200,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 418,000,000 | 620,000,000 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Total assets at fair value | 418,000,000 | 820,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Total liabilities at fair value | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 200,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 418,000,000 | 620,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Corporate Debt [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Interest rate contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Cross-currency interest rate swap contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 24,000,000 | 124,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 1,525,000,000 | 1,486,000,000 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 585,000,000 | 1,300,000,000 | ' |
Total assets at fair value | 2,134,000,000 | 2,910,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 506,000,000 | 381,000,000 | ' |
Total liabilities at fair value | 506,000,000 | 381,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 20,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 25,000,000 | 12,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 24,000,000 | 103,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 56,000,000 | 142,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 128,000,000 | 95,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Corporate Debt [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 1,000,000 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 1,273,000,000 | 1,155,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 43,000,000 | 67,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 15,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest rate contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 584,000,000 | 1,291,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 305,000,000 | 256,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 1,000,000 | 9,000,000 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 25,000,000 | 8,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Cross-currency interest rate swap contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 176,000,000 | 117,000,000 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Total assets at fair value | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Total liabilities at fair value | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. government-sponsored enterprises [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Non-U.S. government [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Non-U.S. government agencies [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Corporate Debt [Member] | ' | ' | ' |
Cash equivalents - financial instruments | ' | ' | ' |
Cash equivalents - financial instruments | 0 | 0 | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Mortgage-backed and other asset-backed [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Other liquid investments [Member] | ' | ' | ' |
Marketable securities | ' | ' | ' |
Marketable securities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Interest rate contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | 0 | 0 | ' |
Financial Services [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Cross-currency interest rate swap contracts [Member] | ' | ' | ' |
Derivative Financial Instrument Assets | ' | ' | ' |
Derivative financial instruments assets | 0 | 0 | ' |
Derivative financial instruments liabilities | ' | ' | ' |
Derivative financial instruments liabilities | $0 | $0 | ' |
Restricted_Cash_Details
Restricted Cash (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Restricted Cash [Abstract] | ' | ' |
Restricted cash | $186 | $344 |
Automotive [Member] | ' | ' |
Restricted Cash [Abstract] | ' | ' |
Restricted cash | 14 | 172 |
Financial Services [Member] | ' | ' |
Restricted Cash [Abstract] | ' | ' |
Restricted cash | $172 | $172 |
Finance_Receivables_Net_Detail
Finance Receivables Net (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Wholesale Loans Percentage of Dealer Financing | 95.00% | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance receivables, net | $77,481,000,000 | $70,991,000,000 | ' |
Financial Services [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Financing Receivable, Gross | 81,173,000,000 | 76,159,000,000 | ' |
Less: Allowance for Credit Losses | -357,000,000 | -389,000,000 | -501,000,000 |
Finance receivables, net | 80,816,000,000 | 75,770,000,000 | ' |
Net finance receivables subject to fair value | 79,149,000,000 | 73,618,000,000 | ' |
Fair value | 80,838,000,000 | 75,618,000,000 | ' |
Finance Receivables Net Not Subject To Fair Value | 1,700,000,000 | 2,200,000,000 | ' |
Financial Services [Member] | North America [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 63,706,000,000 | ' | ' |
Financing Receivable, Gross | 62,451,000,000 | 58,358,000,000 | ' |
Less: Allowance for Credit Losses | -280,000,000 | -309,000,000 | ' |
Finance receivables, net | 62,171,000,000 | 58,049,000,000 | ' |
Financial Services [Member] | International [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 18,969,000,000 | ' | ' |
Financing Receivable, Gross | 18,722,000,000 | 17,801,000,000 | ' |
Less: Allowance for Credit Losses | -77,000,000 | -80,000,000 | ' |
Finance receivables, net | 18,645,000,000 | 17,721,000,000 | ' |
Financial Services [Member] | Consumer [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 51,699,000,000 | 49,964,000,000 | ' |
Less: Unearned interest supplements | -1,502,000,000 | -1,551,000,000 | ' |
Financing Receivable, Gross | 50,197,000,000 | 48,413,000,000 | ' |
Financial Services [Member] | Consumer [Member] | North America [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 40,902,000,000 | 39,504,000,000 | ' |
Less: Unearned interest supplements | -1,255,000,000 | -1,264,000,000 | ' |
Financing Receivable, Gross | 39,647,000,000 | 38,240,000,000 | ' |
Amount of finance receivables that secure certain debt obligations | 21,800,000,000 | 23,000,000,000 | ' |
Financial Services [Member] | Consumer [Member] | International [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 10,797,000,000 | 10,460,000,000 | ' |
Less: Unearned interest supplements | -247,000,000 | -287,000,000 | ' |
Financing Receivable, Gross | 10,550,000,000 | 10,173,000,000 | ' |
Amount of finance receivables that secure certain debt obligations | 5,900,000,000 | 6,600,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Financing Receivable, Gross | 30,976,000,000 | 27,746,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | North America [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Financing Receivable, Gross | 22,804,000,000 | 20,118,000,000 | ' |
Amount of finance receivables that secure certain debt obligations | 18,900,000,000 | 17,100,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | International [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Financing Receivable, Gross | 8,172,000,000 | 7,628,000,000 | ' |
Amount of finance receivables that secure certain debt obligations | 5,000,000,000 | 4,500,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | Wholesale and Dealer Loans [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Financing Receivable, Gross | 29,905,000,000 | 26,671,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | Wholesale and Dealer Loans [Member] | North America [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 22,072,000,000 | ' | ' |
Financing Receivable, Gross | 22,072,000,000 | 19,429,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | Wholesale and Dealer Loans [Member] | International [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 7,833,000,000 | ' | ' |
Financing Receivable, Gross | 7,833,000,000 | 7,242,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | Other [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Financing Receivable, Gross | 1,071,000,000 | 1,075,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | Other [Member] | North America [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 732,000,000 | ' | ' |
Financing Receivable, Gross | 732,000,000 | 689,000,000 | ' |
Financial Services [Member] | Non-consumer [Member] | Other [Member] | International [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance Receivable Before Unearned Interest Supplements | 339,000,000 | ' | ' |
Financing Receivable, Gross | 339,000,000 | 386,000,000 | ' |
Other Receivables Net [Member] | Intersector [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Finance receivables, net | 3,300,000,000 | 4,800,000,000 | ' |
Other Assets on Statement of Financial Position [Member] | Financial Services [Member] | ' | ' | ' |
Net Finance Receivables [Abstract] | ' | ' | ' |
Uncollected Interest Receivable Excluded From Finance Receivable | $196,000,000 | $183,000,000 | ' |
Finance_Receivables_Maturities
Finance Receivables - Maturities and Investments in DIrect Financing Leases (Details) (Financial Services [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
North America [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | $32,912 | ' |
2015 | 10,717 | ' |
2016 | 8,640 | ' |
Thereafter | 11,437 | ' |
Total Finance Receivable Before Unearned Interest Supplements | 63,706 | ' |
International [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | 11,143 | ' |
2015 | 4,172 | ' |
2016 | 2,251 | ' |
Thereafter | 1,403 | ' |
Total Finance Receivable Before Unearned Interest Supplements | 18,969 | ' |
Consumer [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
Total Finance Receivable Before Unearned Interest Supplements | 51,699 | 49,964 |
Investments in Direct Financing Leases [Abstract] | ' | ' |
Less: Unearned interest supplements | -1,502 | -1,551 |
Consumer [Member] | North America [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | 11,808 | ' |
2015 | 10,134 | ' |
2016 | 8,487 | ' |
Thereafter | 10,473 | ' |
Total Finance Receivable Before Unearned Interest Supplements | 40,902 | 39,504 |
Investments in Direct Financing Leases [Abstract] | ' | ' |
Less: Unearned interest supplements | -1,255 | -1,264 |
Consumer [Member] | International [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | 3,842 | ' |
2015 | 3,363 | ' |
2016 | 2,207 | ' |
Thereafter | 1,385 | ' |
Total Finance Receivable Before Unearned Interest Supplements | 10,797 | 10,460 |
Investments in Direct Financing Leases [Abstract] | ' | ' |
Less: Unearned interest supplements | -247 | -287 |
Consumer [Member] | Finance Leases Financing Receivable [Member] | ' | ' |
Investments in Direct Financing Leases [Abstract] | ' | ' |
Total minimum lease rentals to be received | 1,684 | 1,524 |
Initial direct costs | 19 | 17 |
Estimated residual values | 143 | 851 |
Less: Unearned income | -138 | -159 |
Less: Unearned interest supplements | -40 | -82 |
Recorded investment in direct financing leases | 1,668 | 2,151 |
Less: Allowance for credit losses | -7 | -9 |
Net investment in direct financing leases | 1,661 | 2,142 |
Consumer [Member] | Finance Leases Financing Receivable [Member] | North America [Member] | ' | ' |
Investments in Direct Financing Leases [Abstract] | ' | ' |
Total minimum lease rentals to be received | 216 | 58 |
Initial direct costs | 4 | 1 |
Estimated residual values | 0 | 0 |
Less: Unearned income | -22 | -7 |
Less: Unearned interest supplements | 0 | 0 |
Recorded investment in direct financing leases | 198 | 52 |
Less: Allowance for credit losses | -2 | -1 |
Net investment in direct financing leases | 196 | 51 |
Future Minimum Rentals From Direct Financing Leases [Abstract] | ' | ' |
2014 | 73 | ' |
2015 | 52 | ' |
2016 | 50 | ' |
2017 | 28 | ' |
Thereafter | 13 | ' |
Consumer [Member] | Finance Leases Financing Receivable [Member] | International [Member] | ' | ' |
Investments in Direct Financing Leases [Abstract] | ' | ' |
Total minimum lease rentals to be received | 1,468 | 1,466 |
Initial direct costs | 15 | 16 |
Estimated residual values | 143 | 851 |
Less: Unearned income | -116 | -152 |
Less: Unearned interest supplements | -40 | -82 |
Recorded investment in direct financing leases | 1,470 | 2,099 |
Less: Allowance for credit losses | -5 | -8 |
Net investment in direct financing leases | 1,465 | 2,091 |
Future Minimum Rentals From Direct Financing Leases [Abstract] | ' | ' |
2014 | 568 | ' |
2015 | 459 | ' |
2016 | 272 | ' |
2017 | 139 | ' |
Thereafter | 30 | ' |
Non-consumer [Member] | Wholesale and Dealer Loans [Member] | North America [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | 20,375 | ' |
2015 | 581 | ' |
2016 | 152 | ' |
Thereafter | 964 | ' |
Total Finance Receivable Before Unearned Interest Supplements | 22,072 | ' |
Non-consumer [Member] | Wholesale and Dealer Loans [Member] | International [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | 6,962 | ' |
2015 | 809 | ' |
2016 | 44 | ' |
Thereafter | 18 | ' |
Total Finance Receivable Before Unearned Interest Supplements | 7,833 | ' |
Non-consumer [Member] | Other Finance Receivables [Member] | North America [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | 729 | ' |
2015 | 2 | ' |
2016 | 1 | ' |
Thereafter | 0 | ' |
Total Finance Receivable Before Unearned Interest Supplements | 732 | ' |
Non-consumer [Member] | Other Finance Receivables [Member] | International [Member] | ' | ' |
Finance Receivables Maturity [Abstract] | ' | ' |
2014 | 339 | ' |
2015 | 0 | ' |
2016 | 0 | ' |
Thereafter | 0 | ' |
Total Finance Receivable Before Unearned Interest Supplements | $339 | ' |
Finance_Receivables_Aging_Deta
Finance Receivables Aging (Details) (Financial Services [Member], USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivables [Line Items] | ' | ' |
Number Of Days After Which Finance Receivable Is Considered Past Due | 'any payment, including principal and interest, that is at least 31 days past the contractual due date | ' |
Financing Receivable, Gross | $81,173 | $76,159 |
Consumer [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 14 | 13 |
Financing Receivable Recorded Investment 31 To 60 Days Past Due | 754 | 833 |
Financing Receivable Recorded Investment 61 To 90 Days Past Due | 105 | 115 |
Financing Receivable Recorded Investment 91 To 120 Days Past Due | 27 | 30 |
Financing Receivable Recorded Investment Greater Than 120 Days Past Due | 63 | 81 |
Financing Receivable, Recorded Investment, Past Due | 949 | 1,059 |
Financing Receivable, Recorded Investment, Current | 49,248 | 47,354 |
Financing Receivable, Gross | 50,197 | 48,413 |
Non-consumer [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 21 | 5 |
Financing Receivable, Recorded Investment, Past Due | 89 | 40 |
Financing Receivable, Recorded Investment, Current | 30,887 | 27,706 |
Financing Receivable, Gross | 30,976 | 27,746 |
North America [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable, Gross | 62,451 | 58,358 |
North America [Member] | Consumer [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable Recorded Investment 31 To 60 Days Past Due | 715 | 783 |
Financing Receivable Recorded Investment 61 To 90 Days Past Due | 88 | 97 |
Financing Receivable Recorded Investment 91 To 120 Days Past Due | 18 | 21 |
Financing Receivable Recorded Investment Greater Than 120 Days Past Due | 37 | 52 |
Financing Receivable, Recorded Investment, Past Due | 858 | 953 |
Financing Receivable, Recorded Investment, Current | 38,789 | 37,287 |
Financing Receivable, Gross | 39,647 | 38,240 |
North America [Member] | Non-consumer [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Past Due | 49 | 29 |
Financing Receivable, Recorded Investment, Current | 22,755 | 20,089 |
Financing Receivable, Gross | 22,804 | 20,118 |
International [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable, Gross | 18,722 | 17,801 |
International [Member] | Consumer [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable Recorded Investment 31 To 60 Days Past Due | 39 | 50 |
Financing Receivable Recorded Investment 61 To 90 Days Past Due | 17 | 18 |
Financing Receivable Recorded Investment 91 To 120 Days Past Due | 9 | 9 |
Financing Receivable Recorded Investment Greater Than 120 Days Past Due | 26 | 29 |
Financing Receivable, Recorded Investment, Past Due | 91 | 106 |
Financing Receivable, Recorded Investment, Current | 10,459 | 10,067 |
Financing Receivable, Gross | 10,550 | 10,173 |
International [Member] | Non-consumer [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Past Due | 40 | 11 |
Financing Receivable, Recorded Investment, Current | 8,132 | 7,617 |
Financing Receivable, Gross | $8,172 | $7,628 |
Minimum [Member] | ' | ' |
Financing Receivables [Line Items] | ' | ' |
Number Of Days At Which Finance Receivables Are In Process Of Collection | '90 days | ' |
Finance_Receivables_Credit_Qua
Finance Receivables - Credit Quality (Details) (Financial Services [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | Non-consumer [Member] | Non-consumer [Member] | Consumer [Member] | Consumer [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | International [Member] | International [Member] | International [Member] | International [Member] | International [Member] | International [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Special Mention [Member] | Special Mention [Member] | Pass | Substandard | Group I | Group I | Group I | Group I | Group I | Group I | Group II | Group II | Group II | Group II | Group II | Group II | Group III | Group III | Group III | Group III | Group III | Group III | Group IV | Group IV | Group IV | Group IV | Group IV | Group IV | ||
Non-consumer [Member] | Non-consumer [Member] | Consumer [Member] | Consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Consumer [Member] | Consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | North America [Member] | North America [Member] | International [Member] | International [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | Wholesale and Dealer Loans [Member] | |||||||||||
Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Minimum [Member] | Maximum [Member] | Non-consumer [Member] | Non-consumer [Member] | North America [Member] | North America [Member] | International [Member] | International [Member] | Non-consumer [Member] | Non-consumer [Member] | North America [Member] | North America [Member] | International [Member] | International [Member] | Non-consumer [Member] | Non-consumer [Member] | North America [Member] | North America [Member] | International [Member] | International [Member] | Non-consumer [Member] | Non-consumer [Member] | North America [Member] | North America [Member] | International [Member] | International [Member] | |||||||||||||||||||||||
Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | |||||||||||||||||||||||||||||||||||||
Credit quality ratings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term, in days, for credit quality rating | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'current to 60 days past due | 'greater than 120 days past due | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finance Receivables Credit Quality Ratings Term Range | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '61 days | '120 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finance Receivable Credit Quality [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable By Credit Quality Indicator | $81,173 | $76,159 | $30,976 | $27,746 | $50,197 | $48,413 | $62,451 | $58,358 | $22,804 | $20,118 | $39,647 | $38,240 | $18,722 | $17,801 | $8,172 | $7,628 | $10,550 | $10,173 | $29,905 | $26,671 | $22,072 | $19,429 | $7,833 | $7,242 | ' | ' | ' | ' | $23,408 | $21,077 | $18,357 | $16,526 | $5,051 | $4,551 | $5,381 | $4,013 | $3,289 | $2,608 | $2,092 | $1,405 | $1,073 | $1,556 | $424 | $277 | $649 | $1,279 | $43 | $25 | $2 | $18 | $41 | $7 |
Finance_Receivables_Impaired_a
Finance Receivables - Impaired and Non-Accrual Receivables and Troubled Debt Restructurings (Details) (Financial Services [Member], USD $) | 12 Months Ended | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 |
Consumer [Member] | Consumer [Member] | Non-consumer [Member] | Non-consumer [Member] | Minimum [Member] | ||
Finance Receivables [Member] | ||||||
Consumer [Member] | ||||||
Financing Receivable Impaired [Abstract] | ' | ' | ' | ' | ' | ' |
Number of Days Past Due After Which Consumer Receivables are Considered Impaired | 'greater than 120 days past due | ' | ' | ' | ' | ' |
Recorded investment of receivables that were impaired | ' | $435 | $422 | $71 | $47 | ' |
Percentage of recorded investment of receivables that were impaired | ' | 0.90% | 0.90% | 0.20% | 0.20% | ' |
Finance Receivables Non Accrual [Abstract] | ' | ' | ' | ' | ' | ' |
Number Of Days At Which Finance Receivables Are Put In Non Accrual Status | ' | ' | ' | ' | ' | '120 days |
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | 238 | 304 | 41 | 29 | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status, Percentage of Receivable | ' | 0.50% | 0.60% | 0.10% | 0.10% | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | ' | 233 | 249 | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment, Percentage of Receivable | ' | 0.50% | 0.50% | ' | ' | ' |
Financing Receivables, Modifications, Contracts Subsequently Defaulted, Default Rate | ' | 5.80% | 5.80% | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses Related to Consumer Troubled Debt Restructurings | ' | $23 | $19 | ' | ' | ' |
Net_Investment_in_Operating_Le2
Net Investment in Operating Leases (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net Investment In Operating Leases | $19,984 | $15,303 | ' |
Automotive [Member] | ' | ' | ' |
Net investment in operating leases | 1,384 | 1,415 | ' |
Financial Services [Member] | ' | ' | ' |
Net Investment In Operating Leases | 18,600 | 13,888 | ' |
Vehicles and other equipment, at cost | 21,738 | 16,258 | ' |
Accumulated depreciation | -3,115 | -2,347 | ' |
Allowance for credit losses | -23 | -23 | -40 |
Operating lease depreciation expense | 2,411 | 1,795 | 1,140 |
Operating Leases, Future Minimum Payments Receivable, Current | 2,618 | ' | ' |
Operating Leases, Future Minimum Payments Receivable, in Two Years | 2,217 | ' | ' |
Operating Leases, Future Minimum Payments Receivable, in Three Years | 1,578 | ' | ' |
Operating Leases, Future Minimum Payments Receivable, in Four Years | 221 | ' | ' |
Operating Leases Future Minimum Payments Receivable Thereafter After Year Four | 49 | ' | ' |
Total | 6,683 | ' | ' |
Ford Credit [Member] | ' | ' | ' |
Net Investment In Operating Leases | $8,100 | $6,300 | ' |
Allowance_for_Credit_Losses_De
Allowance for Credit Losses (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Analysis of ending balance of finance receivables and net investment in operating leases | ' | ' |
Finance receivables, net | $77,481 | $70,991 |
Net Investment In Operating Leases | 19,984 | 15,303 |
Allowance For Credit Losses Policy [Abstract] | ' | ' |
Term When Finance Receivables Are Considered Impaired | '120 days | ' |
Term to Charge Off Finance Receivables | '120 days | ' |
Financial Services [Member] | ' | ' |
Allowance for credit losses | ' | ' |
Beginning balance | 389 | 501 |
Beginning balance (Net Investment In Operating Leases) | 23 | 40 |
Beginning balance (Total) | 412 | 541 |
Charge-offs | -304 | -324 |
Charge-offs (Net Investment In Operating Leases) | -68 | -47 |
Charge-offs (Total Allowance) | -372 | -371 |
Recoveries | 149 | 183 |
Recoveries (Net Investment In Operating Leases) | 47 | 49 |
Recoveries (Total Allowance) | 196 | 232 |
Provision for credit losses | 124 | 26 |
Provision for Credit Losses (Gain) (Net Investment In Operating Leases) | 22 | -19 |
Provision for credit losses (Total Allowance) | 146 | 7 |
Other | -1 | 3 |
Other (Net Investment In Operating Leases) | -1 | 0 |
Other (Total Allowance) | -2 | 3 |
Ending balance | 357 | 389 |
Ending balance (Net Investment In Operating Leases) | 23 | 23 |
Ending balance (Total) | 380 | 412 |
Analysis of ending balance of allowance for credit losses | ' | ' |
Collective impairment allowance | 332 | 368 |
Collective impairment allowance (Net Investment in Operating Leases) | 23 | 23 |
Collective impairment allowance (Total Allowance) | 355 | 391 |
Specific impairment allowance | 25 | 21 |
Specific impairment allowance (Net Investment in Operating Leases) | 0 | 0 |
Specific impairment allowance (Total Allowance) | 25 | 21 |
Ending balance | 357 | 389 |
Ending balance (Net Investment In Operating Leases) | 23 | 23 |
Ending balance (Total) | 380 | 412 |
Analysis of ending balance of finance receivables and net investment in operating leases | ' | ' |
Collectively evaluated for impairment | 80,667 | 75,690 |
Collectively evaluated for impairment (Net Investment in Operating Leases) | 18,623 | 13,911 |
Specifically evaluated for impairment | 506 | 469 |
Specifically evaluated for impairment (Net Investment in Operating Leases) | 0 | 0 |
Financing Receivable, Gross | 81,173 | 76,159 |
Recorded investment (Net Investment in Operating Leases) | 18,623 | 13,911 |
Finance receivables, net | 80,816 | 75,770 |
Net Investment In Operating Leases | 18,600 | 13,888 |
Allowance For Credit Losses Policy [Abstract] | ' | ' |
Number Of Days At Which Finance Receivables Impaired | 'when an account is deemed to be uncollectible or when an account is 120B days delinquent | ' |
Financial Services [Member] | Consumer [Member] | ' | ' |
Allowance for credit losses | ' | ' |
Beginning balance | 360 | 457 |
Charge-offs | -289 | -316 |
Recoveries | 144 | 171 |
Provision for credit losses | 112 | 45 |
Other | 0 | 3 |
Ending balance | 327 | 360 |
Analysis of ending balance of allowance for credit losses | ' | ' |
Collective impairment allowance | 304 | 341 |
Specific impairment allowance | 23 | 19 |
Ending balance | 327 | 360 |
Analysis of ending balance of finance receivables and net investment in operating leases | ' | ' |
Collectively evaluated for impairment | 49,762 | 47,991 |
Specifically evaluated for impairment | 435 | 422 |
Financing Receivable, Gross | 50,197 | 48,413 |
Finance receivables, net | 49,870 | 48,053 |
Allowance For Credit Losses Policy [Abstract] | ' | ' |
Number Of Days At Which Finance Receivables Are Charged Off | 'greater than 120 days past due | ' |
Financial Services [Member] | Non-consumer [Member] | ' | ' |
Allowance for credit losses | ' | ' |
Beginning balance | 29 | 44 |
Charge-offs | -15 | -8 |
Recoveries | 5 | 12 |
Provision for credit losses | 12 | -19 |
Other | -1 | 0 |
Ending balance | 30 | 29 |
Analysis of ending balance of allowance for credit losses | ' | ' |
Collective impairment allowance | 28 | 27 |
Specific impairment allowance | 2 | 2 |
Ending balance | 30 | 29 |
Analysis of ending balance of finance receivables and net investment in operating leases | ' | ' |
Collectively evaluated for impairment | 30,905 | 27,699 |
Specifically evaluated for impairment | 71 | 47 |
Financing Receivable, Gross | 30,976 | 27,746 |
Finance receivables, net | $30,946 | $27,717 |
Inventories_Details
Inventories (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Inventories footnote [Abstract] | ' | ' |
Percentage Of LIFO Inventory To Total Inventory | 20.00% | 18.00% |
Inventory, Net [Abstract] | ' | ' |
Raw materials, work-in-process and supplies | $3,613 | $3,697 |
Finished products | 5,058 | 4,614 |
Total inventories under FIFO | 8,671 | 8,311 |
Less: LIFO adjustment | -963 | -949 |
Total inventories | 7,708 | 7,362 |
Automotive [Member] | ' | ' |
Inventory, Net [Abstract] | ' | ' |
Total inventories | $7,708 | $7,362 |
Equity_in_Net_Assets_of_Affili2
Equity in Net Assets of Affiliated Companies (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Balance | $3,679 | ' | ' | ' | $3,246 | ' | ' | ' | $3,679 | $3,246 | ' |
Dividends from affiliated companies | ' | ' | ' | ' | ' | ' | ' | ' | 529 | 610 | 316 |
Summarized Financial Data Of Equity Method Investee Table Text Block [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of Summarized Financial Information of Equity Method Investments | 100.00% | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' |
Current Assets | 10,424 | ' | ' | ' | 9,561 | ' | ' | ' | 10,424 | 9,561 | ' |
Noncurrent Assets | 13,872 | ' | ' | ' | 12,059 | ' | ' | ' | 13,872 | 12,059 | ' |
Total Assets | 24,296 | ' | ' | ' | 21,620 | ' | ' | ' | 24,296 | 21,620 | ' |
Current Liabilities | 11,130 | ' | ' | ' | 10,172 | ' | ' | ' | 11,130 | 10,172 | ' |
Noncurrent Liabilities | 4,986 | ' | ' | ' | 4,662 | ' | ' | ' | 4,986 | 4,662 | ' |
Total Liabilities | 16,116 | ' | ' | ' | 14,834 | ' | ' | ' | 16,116 | 14,834 | ' |
Equity attributable to noncontrolling Interest | 6 | ' | ' | ' | 24 | ' | ' | ' | 6 | 24 | ' |
Income before income taxes | 968 | 2,091 | 1,819 | 2,123 | 1,841 | 2,246 | 1,595 | 2,038 | 7,001 | 7,720 | 8,681 |
Related Party Transactions [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 6,421 | 5,491 | 4,957 |
Purchases | ' | ' | ' | ' | ' | ' | ' | ' | 10,536 | 10,007 | 9,907 |
Royalty Income | ' | ' | ' | ' | ' | ' | ' | ' | 526 | 369 | 224 |
Receivables | 953 | ' | ' | ' | 1,179 | ' | ' | ' | 953 | 1,179 | ' |
Payables | 724 | ' | ' | ' | 707 | ' | ' | ' | 724 | 707 | ' |
Summarized Income Statement of Unconsolidated Affiliates [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Summarized Financial Data Of Equity Method Investee Table Text Block [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total revenue | ' | ' | ' | ' | ' | ' | ' | ' | 38,736 | 33,051 | 31,178 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2,815 | 1,896 | 1,822 |
Net Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | 2,587 | 1,616 | 1,512 |
Ford Romania SA [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | 100.00% | ' |
Investment Balance | ' | ' | ' | ' | 63 | ' | ' | ' | ' | 63 | ' |
Automotive [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Balance | 3,546 | ' | ' | ' | 3,112 | ' | ' | ' | 3,546 | 3,112 | ' |
Summarized Financial Data Of Equity Method Investee Table Text Block [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 5,329 | 6,010 | 6,250 |
Automotive [Member] | Changan Ford Automobile Corp, Ltd [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Investment Balance | 1,429 | ' | ' | ' | 990 | ' | ' | ' | 1,429 | 990 | ' |
Automotive [Member] | Jiangling Motors Corp., Ltd [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 32.00% | ' | ' | ' | ' | ' | ' | ' | 32.00% | ' | ' |
Investment Balance | 535 | ' | ' | ' | 419 | ' | ' | ' | 535 | 419 | ' |
Automotive [Member] | Ford Sollers Netherlands B.V. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Investment Balance | 376 | ' | ' | ' | 407 | ' | ' | ' | 376 | 407 | ' |
Automotive [Member] | Ford Otosan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 41.00% | ' | ' | ' | ' | ' | ' | ' | 41.00% | ' | ' |
Investment Balance | 336 | ' | ' | ' | 394 | ' | ' | ' | 336 | 394 | ' |
Automotive [Member] | Auto Alliance (Thailand) Co., Ltd (AAT) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Investment Balance | 395 | ' | ' | ' | 391 | ' | ' | ' | 395 | 391 | ' |
Automotive [Member] | Getrag Ford Transmissions GmbH [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Investment Balance | 249 | ' | ' | ' | 242 | ' | ' | ' | 249 | 242 | ' |
Automotive [Member] | Tenedora Nemak S.A. de CV [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 6.80% | ' | ' | ' | ' | ' | ' | ' | 6.80% | ' | ' |
Investment Balance | 79 | ' | ' | ' | 73 | ' | ' | ' | 79 | 73 | ' |
Automotive [Member] | Ford Romania SA [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 100.00% | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' |
Investment Balance | 0 | ' | ' | ' | 63 | ' | ' | ' | 0 | 63 | ' |
Automotive [Member] | Changan Ford Mazda Engine Company, Ltd [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 25.00% | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' |
Investment Balance | 59 | ' | ' | ' | 50 | ' | ' | ' | 59 | 50 | ' |
Automotive [Member] | DealerDirect LLC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 97.70% | ' | ' | ' | ' | ' | ' | ' | 97.70% | ' | ' |
Investment Balance | 25 | ' | ' | ' | 25 | ' | ' | ' | 25 | 25 | ' |
Automotive [Member] | OEConnection LLC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Investment Balance | 28 | ' | ' | ' | 20 | ' | ' | ' | 28 | 20 | ' |
Automotive [Member] | Blue Diamond Truck, S de RL de CV [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 25.00% | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' |
Investment Balance | 8 | ' | ' | ' | 11 | ' | ' | ' | 8 | 11 | ' |
Automotive [Member] | Percepta LLC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 45.00% | ' | ' | ' | ' | ' | ' | ' | 45.00% | ' | ' |
Investment Balance | 9 | ' | ' | ' | 9 | ' | ' | ' | 9 | 9 | ' |
Automotive [Member] | Ford Performance Vehicles Pty Ltd [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 49.00% | ' | ' | ' | ' | ' | ' | ' | 49.00% | ' | ' |
Investment Balance | 0 | ' | ' | ' | 5 | ' | ' | ' | 0 | 5 | ' |
Automotive [Member] | Automotive Fuel Cell Cooperation Corp AFCC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 49.90% | ' | ' | ' | ' | ' | ' | ' | 49.90% | ' | ' |
Investment Balance | 8 | ' | ' | ' | 5 | ' | ' | ' | 8 | 5 | ' |
Automotive [Member] | Blue Diamond Parts, LLC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 25.00% | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' |
Investment Balance | 3 | ' | ' | ' | 4 | ' | ' | ' | 3 | 4 | ' |
Automotive [Member] | Other Automotive Sector Equity Investee [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Balance | 7 | ' | ' | ' | 4 | ' | ' | ' | 7 | 4 | ' |
Financial Services [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Balance | 133 | ' | ' | ' | 134 | ' | ' | ' | 133 | 134 | ' |
Summarized Financial Data Of Equity Method Investee Table Text Block [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 1,672 | 1,710 | 2,431 |
Financial Services [Member] | Forso Nordic AB [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Investment Balance | 72 | ' | ' | ' | 71 | ' | ' | ' | 72 | 71 | ' |
Financial Services [Member] | FFS Finance South Africa Pty Ltd [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Investment Balance | 43 | ' | ' | ' | 39 | ' | ' | ' | 43 | 39 | ' |
Financial Services [Member] | Route One LLC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 30.00% | ' | ' | ' | ' | ' | ' | ' | 30.00% | ' | ' |
Investment Balance | 14 | ' | ' | ' | 20 | ' | ' | ' | 14 | 20 | ' |
Financial Services [Member] | CNF-Administradora de Consorcio Nacional Ltda [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 33.30% | ' | ' | ' | ' | ' | ' | ' | 33.30% | ' | ' |
Investment Balance | $4 | ' | ' | ' | $4 | ' | ' | ' | $4 | $4 | ' |
Variable_Interest_Entities_VIE
Variable Interest Entities - VIEs of Which We Are Not the Primary Beneficiary (Details) (USD $) | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Getrag Ford Transmissions GmbH [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Financial Services [Member] | Financial Services [Member] | Investments [Member] | Investments [Member] | Supplier Arrangements [Member] | Supplier Arrangements [Member] | |
Variable Interest Entity, Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | ||
Getrag Deutsche Venture GmbH and Co KG [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ||||||
Percent ownership of VIE | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Total maximum exposure | ' | ' | $271 | $247 | $72 | $71 | $264 | $242 | $7 | $5 |
Total change in maximum exposure | ' | ' | $24 | ' | ' | ' | $22 | ' | $2 | ' |
Variable_Interest_Entities_VIE1
Variable Interest Entities - VIEs of Which we are the Primary Beneficiary (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | $14,468,000,000 | $15,659,000,000 | $17,148,000,000 | $14,805,000,000 |
Debt | 114,688,000,000 | 105,058,000,000 | ' | ' |
Derivative Instruments related exposure [Abstract] | ' | ' | ' | ' |
Fair Value of Assets | 1,200,000,000 | ' | ' | ' |
Financial Performance [Abstract] | ' | ' | ' | ' |
Interest expense | 3,689,000,000 | 3,828,000,000 | 4,431,000,000 | ' |
Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 4,198,000,000 | 2,911,000,000 | ' | ' |
Debt | 40,728,000,000 | 40,245,000,000 | ' | ' |
Variable Interest Entity, Primary Beneficiary [Member] | Net Investment in Operating Leases [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 400,000,000 | 400,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 8,100,000,000 | 6,300,000,000 | ' | ' |
Financial Services [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 9,509,000,000 | 9,412,000,000 | 9,183,000,000 | 8,504,000,000 |
Debt | 99,005,000,000 | 90,802,000,000 | ' | ' |
Derivative Instruments related exposure [Abstract] | ' | ' | ' | ' |
Fair Value of Assets | 585,000,000 | 1,300,000,000 | ' | ' |
Fair Value of Liabilities | 506,000,000 | 381,000,000 | ' | ' |
Financial Performance [Abstract] | ' | ' | ' | ' |
Interest expense | 2,860,000,000 | 3,115,000,000 | 3,614,000,000 | ' |
Financial Services [Member] | Finance Receivables [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 200,000,000 | 100,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 5,600,000,000 | 3,500,000,000 | ' | ' |
Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' | ' |
Cash contribution for collateral to support Wholesale Securitization Program | 0 | 0 | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 4,200,000,000 | 2,900,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 53,900,000,000 | 53,800,000,000 | ' | ' |
Debt | 40,700,000,000 | 40,200,000,000 | ' | ' |
Footnote information [Abstract] | ' | ' | ' | ' |
Variable Interest Entities Liabilities Excluded | ' | 145,000,000 | ' | ' |
Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Finance Receivables [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 3,800,000,000 | 2,500,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 45,800,000,000 | 47,500,000,000 | ' | ' |
Debt | 35,100,000,000 | 36,000,000,000 | ' | ' |
Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Retail [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 1,900,000,000 | 2,200,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 22,900,000,000 | 27,000,000,000 | ' | ' |
Debt | 20,300,000,000 | 23,200,000,000 | ' | ' |
Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Wholesale [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 1,900,000,000 | 300,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 22,900,000,000 | 20,500,000,000 | ' | ' |
Debt | 14,800,000,000 | 12,800,000,000 | ' | ' |
Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Net Investment in Operating Leases [Member] | ' | ' | ' | ' |
Assets and liabilities [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 400,000,000 | 400,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 8,100,000,000 | 6,300,000,000 | ' | ' |
Debt | 5,600,000,000 | 4,200,000,000 | ' | ' |
Minimum [Member] | Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' | ' |
Cash contribution for collateral to support Wholesale Securitization Program | 0 | 0 | ' | ' |
Maximum [Member] | Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' | ' |
Cash contribution for collateral to support Wholesale Securitization Program | 177,000,000 | 373,000,000 | ' | ' |
Securitization Transactions [Member] | Financial Services [Member] | ' | ' | ' | ' |
Derivative Instruments related exposure [Abstract] | ' | ' | ' | ' |
Fair Value of Assets | 28,000,000 | 78,000,000 | ' | ' |
Fair Value of Liabilities | 118,000,000 | 197,000,000 | ' | ' |
Financial Performance [Abstract] | ' | ' | ' | ' |
Derivative expense/(income) | 19,000,000 | 222,000,000 | 42,000,000 | ' |
Securitization Transactions [Member] | Financial Services [Member] | Related to the VIEs [Member] | ' | ' | ' | ' |
Derivative Instruments related exposure [Abstract] | ' | ' | ' | ' |
Fair Value of Assets | 23,000,000 | 74,000,000 | ' | ' |
Fair Value of Liabilities | 30,000,000 | 63,000,000 | ' | ' |
Financial Performance [Abstract] | ' | ' | ' | ' |
Derivative expense/(income) | 16,000,000 | -5,000,000 | 11,000,000 | ' |
Securitization Transactions [Member] | Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' |
Financial Performance [Abstract] | ' | ' | ' | ' |
Interest expense | 563,000,000 | 760,000,000 | 994,000,000 | ' |
Securitization Transactions [Member] | Financial Services [Member] | Variable Interest Entity, Primary Beneficiary [Member] | VIEs [Member] | ' | ' | ' | ' |
Derivative Instruments related exposure [Abstract] | ' | ' | ' | ' |
Fair Value of Assets | 5,000,000 | 4,000,000 | ' | ' |
Fair Value of Liabilities | 88,000,000 | 134,000,000 | ' | ' |
Financial Performance [Abstract] | ' | ' | ' | ' |
Derivative expense/(income) | $3,000,000 | $227,000,000 | $31,000,000 | ' |
Net_Property_and_Lease_Commitm2
Net Property and Lease Commitments (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property Plant And Equipment Capitalization Policy Useful Life Term, Minimum | '1 year | ' | ' |
Capitalization useful life policy | 'more than one year | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Net property | $27,616 | $24,942 | ' |
Depreciation, Depletion and Amortization [Abstract] | ' | ' | ' |
Total | 6,504 | 5,486 | 4,717 |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | ' | ' |
Beginning balance | 267 | 266 | ' |
Liabilities settled | -5 | -8 | ' |
Revision to estimates | -16 | 9 | ' |
Ending balance | 246 | 267 | 266 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
Operating Leases, Future Minimum Payments Due - 2013 | 246 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2014 | 211 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2015 | 166 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2016 | 123 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2017 | 75 | ' | ' |
Operating Leases, Future Minimum Payments, Due Thereafter | 152 | ' | ' |
Operating Leases, Future Minimum Payments Due - Total | 973 | ' | ' |
Operating Leases, Rent Expense, Net [Abstract] | ' | ' | ' |
Rental expense | 516 | 510 | 540 |
Building [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '36 years | ' | ' |
Machinery, equipment and other [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '14 years 6 months | ' | ' |
Software [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '3 years | ' | ' |
Mainframe and client based software [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '8 years | ' | ' |
Land Improvements [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '30 years | ' | ' |
Automotive [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Net property | 27,492 | 24,813 | ' |
Depreciation, Depletion and Amortization [Abstract] | ' | ' | ' |
Depreciation and other amortization | 2,110 | 1,794 | 1,759 |
Amortization of special tools | 1,954 | 1,861 | 1,774 |
Total | 4,064 | 3,655 | 3,533 |
Maintenance and rearrangement | 1,422 | 1,352 | 1,431 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
Operating Leases, Future Minimum Payments Due - 2013 | 199 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2014 | 168 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2015 | 128 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2016 | 95 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2017 | 58 | ' | ' |
Operating Leases, Future Minimum Payments, Due Thereafter | 134 | ' | ' |
Operating Leases, Future Minimum Payments Due - Total | 782 | ' | ' |
Operating Leases, Rent Expense, Net [Abstract] | ' | ' | ' |
Rental expense | 411 | 404 | 416 |
Automotive [Member] | Land [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Gross property | 440 | 423 | ' |
Automotive [Member] | Buildings and Land Improvements [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Gross property | 10,325 | 10,249 | ' |
Automotive [Member] | Machinery, equipment and other [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Gross property | 34,830 | 35,040 | ' |
Automotive [Member] | Software [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Gross property | 2,069 | 1,813 | ' |
Automotive [Member] | Construction in progress [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Gross property | 2,110 | 1,783 | ' |
Automotive [Member] | Land, plant and equipment and other [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Gross property | 49,774 | 49,308 | ' |
Accumulated depreciation | -31,476 | -32,835 | ' |
Net property | 18,298 | 16,473 | ' |
Automotive [Member] | Special tools, net of amortization [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Net property | 9,194 | 8,340 | ' |
Financial Services [Member] | ' | ' | ' |
Property, Plant and Equipment, Net, by Type [Abstract] | ' | ' | ' |
Net property | 124 | 129 | ' |
Depreciation, Depletion and Amortization [Abstract] | ' | ' | ' |
Total | 2,440 | 1,831 | 1,184 |
Operating Leases, Future Minimum Payments Due [Abstract] | ' | ' | ' |
Operating Leases, Future Minimum Payments Due - 2013 | 47 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2014 | 43 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2015 | 38 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2016 | 28 | ' | ' |
Operating Leases, Future Minimum Payments, Due - 2017 | 17 | ' | ' |
Operating Leases, Future Minimum Payments, Due Thereafter | 18 | ' | ' |
Operating Leases, Future Minimum Payments Due - Total | 191 | ' | ' |
Operating Leases, Rent Expense, Net [Abstract] | ' | ' | ' |
Rental expense | $105 | $106 | $124 |
Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '3 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '36 years | ' | ' |
Other_Liabilities_and_Deferred2
Other Liabilities and Deferred Revenue (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Liabilities, Noncurrent [Abstract] | ' | ' |
Other liabilities and deferred revenue | $40,462 | $48,259 |
Automotive [Member] | ' | ' |
Liabilities, Current [Abstract] | ' | ' |
Dealer and dealers' customer allowances and claims | 7,730 | 6,779 |
Deferred revenue | 2,817 | 2,796 |
Employee benefit plans | 1,706 | 1,504 |
Accrued interest | 262 | 277 |
Other postretirement employee benefits | 387 | 409 |
Pension | 327 | 387 |
Other | 3,308 | 3,206 |
Total Automotive other liabilities and deferred revenue | 16,537 | 15,358 |
Liabilities, Noncurrent [Abstract] | ' | ' |
Pension | 9,288 | 18,400 |
OPEB | 5,502 | 6,398 |
Dealer and dealers' customer allowances and claims | 2,028 | 2,036 |
Deferred revenue | 2,534 | 2,044 |
Employee benefit plans | 789 | 767 |
Other | 1,524 | 904 |
Total Automotive other liabilities | 21,665 | 30,549 |
Other liabilities and deferred revenue | 38,202 | 45,907 |
Financial Services [Member] | ' | ' |
Liabilities, Noncurrent [Abstract] | ' | ' |
Other liabilities and deferred revenue | $2,260 | $2,352 |
Retirement_Benefits_Details
Retirement Benefits (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Defined Benefit Plan, Market Related Value Assumption, Term | '5 years | ' | ' |
Retirement Benefits, Corridor | 10.00% | ' | ' |
Defined Contribution Pension [Member] | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | $238 | $181 | $135 |
Employee Retirement Savings Plan [Member] | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | $99 | $70 | $54 |
Other Postretirement Benefit Plan, Defined Benefit [Member] | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.65% | 3.80% | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 0.00% | 0.00% | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase | 3.80% | 3.80% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 3.80% | 4.60% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | 0.00% | 0.00% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 3.80% | 3.80% | ' |
U.S. Plans | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.74% | 3.84% | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 6.89% | 7.38% | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase | 3.80% | 3.80% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 3.84% | 4.64% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | 7.38% | 7.50% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 3.80% | 3.80% | ' |
Foreign Pension Plan, Defined Benefit [Member] | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.07% | 3.92% | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 6.63% | 6.74% | ' |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase | 3.41% | 3.41% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | 3.92% | 4.84% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | 6.74% | 6.77% | ' |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | 3.41% | 3.39% | ' |
Retirement_Benefits_Expense_De
Retirement Benefits - Expense (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
U.S. Plans | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | $581 | $521 | $467 |
Interest cost | 1,914 | 2,208 | 2,374 |
Expected return on assets | -2,816 | -2,873 | -3,028 |
Defined Benefit Plan Amortization Categories [Abstract] | ' | ' | ' |
Prior service costs/(credits) | 174 | 220 | 343 |
(Gains)/Losses | 655 | 425 | 194 |
Separation programs/other | 10 | 7 | 1 |
(Gains)/Losses from curtailment and settlements | 594 | 250 | 0 |
Net expense/(income) | 1,112 | 758 | 351 |
Non-U.S. Plans | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | 484 | 372 | 327 |
Interest cost | 1,137 | 1,189 | 1,227 |
Expected return on assets | -1,382 | -1,340 | -1,404 |
Defined Benefit Plan Amortization Categories [Abstract] | ' | ' | ' |
Prior service costs/(credits) | 66 | 72 | 72 |
(Gains)/Losses | 686 | 412 | 301 |
Separation programs/other | 242 | 162 | 170 |
(Gains)/Losses from curtailment and settlements | 5 | 0 | 111 |
Net expense/(income) | 1,238 | 867 | 804 |
Worldwide OPEB [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | 64 | 67 | 63 |
Interest cost | 256 | 290 | 327 |
Expected return on assets | 0 | 0 | 0 |
Defined Benefit Plan Amortization Categories [Abstract] | ' | ' | ' |
Prior service costs/(credits) | -283 | -545 | -612 |
(Gains)/Losses | 158 | 129 | 94 |
Separation programs/other | 0 | 2 | 10 |
(Gains)/Losses from curtailment and settlements | -2 | -11 | -26 |
Net expense/(income) | $193 | ($68) | ($144) |
Retirement_Benefits_Status_Det
Retirement Benefits - Status (Details) (USD $) | 3 Months Ended | 12 Months Ended | 24 Months Ended | ||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Settlements | ' | ' | ' | $3,000,000,000 | $1,200,000,000 | ' | $4,200,000,000 |
Curtailments and Settlements [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Settlement Losses | ' | ' | ' | 594,000,000 | ' | ' | ' |
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Prior service cost/(credit) | ' | ' | ' | -20,000,000 | ' | ' | ' |
(Gains)/Losses | ' | ' | ' | 903,000,000 | ' | ' | ' |
U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Benefit Obligation | ' | ' | ' | ' | ' | ' | ' |
Benefit obligation at January 1 | ' | ' | ' | 52,125,000,000 | 48,816,000,000 | ' | 48,816,000,000 |
Service cost | ' | ' | ' | 581,000,000 | 521,000,000 | 467,000,000 | ' |
Interest cost | ' | ' | ' | 1,914,000,000 | 2,208,000,000 | ' | ' |
Amendments | ' | ' | ' | 0 | -39,000,000 | ' | ' |
Separation programs and other | ' | ' | ' | -75,000,000 | -40,000,000 | ' | ' |
Curtailments | ' | ' | ' | 0 | 0 | ' | ' |
Settlements | ' | ' | ' | -3,089,000,000 | -1,123,000,000 | ' | ' |
Plan participant contributions | ' | ' | ' | 26,000,000 | 27,000,000 | ' | ' |
Benefits paid | ' | ' | ' | -3,120,000,000 | -3,427,000,000 | ' | ' |
Foreign exchange translation | ' | ' | ' | 0 | 0 | ' | ' |
Divestiture | ' | ' | ' | 0 | 0 | ' | ' |
Actuarial (gain)/loss | ' | ' | ' | -5,180,000,000 | 5,182,000,000 | ' | ' |
Benefit obligation at December 31 | 43,182,000,000 | ' | ' | 43,182,000,000 | 52,125,000,000 | 48,816,000,000 | 43,182,000,000 |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at January 1 | ' | ' | ' | 42,395,000,000 | 39,414,000,000 | ' | 39,414,000,000 |
Actual return on plan assets | ' | ' | ' | 1,539,000,000 | 5,455,000,000 | ' | ' |
Company contributions | ' | ' | ' | 3,535,000,000 | 2,134,000,000 | ' | ' |
Plan participant contributions | ' | ' | ' | 26,000,000 | 27,000,000 | ' | ' |
Benefits paid | ' | ' | ' | -3,120,000,000 | -3,427,000,000 | ' | ' |
Settlements | ' | ' | ' | -3,089,000,000 | -1,123,000,000 | ' | ' |
Foreign exchange translation | ' | ' | ' | 0 | 0 | ' | ' |
Divestiture | ' | ' | ' | 0 | 0 | ' | ' |
Other | -69,000,000 | ' | ' | -69,000,000 | -85,000,000 | ' | -69,000,000 |
Fair value of plan assets at December 31 | 41,217,000,000 | ' | ' | 41,217,000,000 | 42,395,000,000 | 39,414,000,000 | 41,217,000,000 |
Funded status at December 31 | -1,965,000,000 | ' | ' | -1,965,000,000 | -9,730,000,000 | ' | -1,965,000,000 |
Amounts Recognized on the Balance Sheet | ' | ' | ' | ' | ' | ' | ' |
Prepaid assets | 443,000,000 | ' | ' | 443,000,000 | 0 | ' | 443,000,000 |
Accrued liabilities | -2,408,000,000 | ' | ' | -2,408,000,000 | -9,730,000,000 | ' | -2,408,000,000 |
Total | -1,965,000,000 | ' | ' | -1,965,000,000 | -9,730,000,000 | ' | -1,965,000,000 |
Amounts Recognized in Accumulated Other Comprehensive Loss (pre-tax) | ' | ' | ' | ' | ' | ' | ' |
Unamortized prior service costs/(credits) | 764,000,000 | ' | ' | 764,000,000 | 938,000,000 | ' | 764,000,000 |
Unamortized net (gains)/losses | 6,179,000,000 | ' | ' | 6,179,000,000 | 11,349,000,000 | ' | 6,179,000,000 |
Total | 6,943,000,000 | ' | ' | 6,943,000,000 | 12,287,000,000 | ' | 6,943,000,000 |
Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31 | ' | ' | ' | ' | ' | ' | ' |
Accumulated benefit obligation | 25,828,000,000 | ' | ' | 25,828,000,000 | 50,821,000,000 | ' | 25,828,000,000 |
Fair value of plan assets | 23,498,000,000 | ' | ' | 23,498,000,000 | 42,395,000,000 | ' | 23,498,000,000 |
Accumulated Benefit Obligation at December 31 | 42,078,000,000 | ' | ' | 42,078,000,000 | 50,821,000,000 | ' | 42,078,000,000 |
Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31 | ' | ' | ' | ' | ' | ' | ' |
Projected benefit obligation | 25,906,000,000 | ' | ' | 25,906,000,000 | 52,125,000,000 | ' | 25,906,000,000 |
Fair value of plan assets | 23,498,000,000 | ' | ' | 23,498,000,000 | 42,395,000,000 | ' | 23,498,000,000 |
Plan Contributions [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension and Other Postretirement Benefit Contributions | ' | ' | ' | 3,400,000,000 | ' | ' | ' |
Curtailments and Settlements [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Settlement Losses | 155,000,000 | 145,000,000 | 294,000,000 | 594,000,000 | 250,000,000 | ' | 844,000,000 |
Business Restructuring [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension-related expenses | ' | ' | ' | 10,000,000 | 7,000,000 | 1,000,000 | ' |
Estimated Future Benefit Payments | ' | ' | ' | ' | ' | ' | ' |
2014 | 3,190,000,000 | ' | ' | 3,190,000,000 | ' | ' | 3,190,000,000 |
2015 | 3,150,000,000 | ' | ' | 3,150,000,000 | ' | ' | 3,150,000,000 |
2016 | 3,110,000,000 | ' | ' | 3,110,000,000 | ' | ' | 3,110,000,000 |
2017 | 3,060,000,000 | ' | ' | 3,060,000,000 | ' | ' | 3,060,000,000 |
2018 | 3,030,000,000 | ' | ' | 3,030,000,000 | ' | ' | 3,030,000,000 |
2019 - 2023 | 14,810,000,000 | ' | ' | 14,810,000,000 | ' | ' | 14,810,000,000 |
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Prior service cost/(credit) | ' | ' | ' | 155,000,000 | ' | ' | ' |
(Gains)/Losses | ' | ' | ' | 207,000,000 | ' | ' | ' |
Defined Benefit Plan, Actual Return on Plan Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 6.89% | ' | ' | 6.89% | 7.38% | ' | 6.89% |
Defined Benefit Plan Actual Rate Of Return On Plan Assets Period | 'P10Y | ' | ' | 'P10Y | 'P10Y | ' | 'P10Y |
Defined Benefit Plan Actual Ten Year Rate Of Return On Plan Assets | 9.00% | ' | ' | 9.00% | 11.10% | ' | 9.00% |
Non-U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Benefit Obligation | ' | ' | ' | ' | ' | ' | ' |
Benefit obligation at January 1 | ' | ' | ' | 30,702,000,000 | 25,163,000,000 | ' | 25,163,000,000 |
Service cost | ' | ' | ' | 484,000,000 | 372,000,000 | 327,000,000 | ' |
Interest cost | ' | ' | ' | 1,137,000,000 | 1,189,000,000 | ' | ' |
Amendments | ' | ' | ' | -1,000,000 | 222,000,000 | ' | ' |
Separation programs and other | ' | ' | ' | 141,000,000 | 202,000,000 | ' | ' |
Curtailments | ' | ' | ' | 0 | 0 | ' | ' |
Settlements | ' | ' | ' | -51,000,000 | 0 | ' | ' |
Plan participant contributions | ' | ' | ' | 25,000,000 | 36,000,000 | ' | ' |
Benefits paid | ' | ' | ' | -1,416,000,000 | -1,420,000,000 | ' | ' |
Foreign exchange translation | ' | ' | ' | 229,000,000 | 803,000,000 | ' | ' |
Divestiture | ' | ' | ' | 0 | 0 | ' | ' |
Actuarial (gain)/loss | ' | ' | ' | -399,000,000 | 4,135,000,000 | ' | ' |
Benefit obligation at December 31 | 30,851,000,000 | ' | ' | 30,851,000,000 | 30,702,000,000 | 25,163,000,000 | 30,851,000,000 |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at January 1 | ' | ' | ' | 21,713,000,000 | 19,198,000,000 | ' | 19,198,000,000 |
Actual return on plan assets | ' | ' | ' | 1,689,000,000 | 1,637,000,000 | ' | ' |
Company contributions | ' | ' | ' | 1,852,000,000 | 1,629,000,000 | ' | ' |
Plan participant contributions | ' | ' | ' | 25,000,000 | 36,000,000 | ' | ' |
Benefits paid | ' | ' | ' | -1,416,000,000 | -1,420,000,000 | ' | ' |
Settlements | ' | ' | ' | -51,000,000 | 0 | ' | ' |
Foreign exchange translation | ' | ' | ' | 49,000,000 | 641,000,000 | ' | ' |
Divestiture | ' | ' | ' | 0 | 0 | ' | ' |
Other | -18,000,000 | ' | ' | -18,000,000 | -8,000,000 | ' | -18,000,000 |
Fair value of plan assets at December 31 | 23,843,000,000 | ' | ' | 23,843,000,000 | 21,713,000,000 | 19,198,000,000 | 23,843,000,000 |
Funded status at December 31 | -7,008,000,000 | ' | ' | -7,008,000,000 | -8,989,000,000 | ' | -7,008,000,000 |
Amounts Recognized on the Balance Sheet | ' | ' | ' | ' | ' | ' | ' |
Prepaid assets | 219,000,000 | ' | ' | 219,000,000 | 85,000,000 | ' | 219,000,000 |
Accrued liabilities | -7,227,000,000 | ' | ' | -7,227,000,000 | -9,074,000,000 | ' | -7,227,000,000 |
Total | -7,008,000,000 | ' | ' | -7,008,000,000 | -8,989,000,000 | ' | -7,008,000,000 |
Amounts Recognized in Accumulated Other Comprehensive Loss (pre-tax) | ' | ' | ' | ' | ' | ' | ' |
Unamortized prior service costs/(credits) | 417,000,000 | ' | ' | 417,000,000 | 487,000,000 | ' | 417,000,000 |
Unamortized net (gains)/losses | 9,902,000,000 | ' | ' | 9,902,000,000 | 11,375,000,000 | ' | 9,902,000,000 |
Total | 10,319,000,000 | ' | ' | 10,319,000,000 | 11,862,000,000 | ' | 10,319,000,000 |
Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31 | ' | ' | ' | ' | ' | ' | ' |
Accumulated benefit obligation | 15,393,000,000 | ' | ' | 15,393,000,000 | 21,653,000,000 | ' | 15,393,000,000 |
Fair value of plan assets | 9,518,000,000 | ' | ' | 9,518,000,000 | 14,625,000,000 | ' | 9,518,000,000 |
Accumulated Benefit Obligation at December 31 | 28,312,000,000 | ' | ' | 28,312,000,000 | 28,136,000,000 | ' | 28,312,000,000 |
Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31 | ' | ' | ' | ' | ' | ' | ' |
Projected benefit obligation | 23,653,000,000 | ' | ' | 23,653,000,000 | 29,984,000,000 | ' | 23,653,000,000 |
Fair value of plan assets | 16,426,000,000 | ' | ' | 16,426,000,000 | 20,910,000,000 | ' | 16,426,000,000 |
Business Restructuring [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension-related expenses | ' | ' | ' | 242,000,000 | 162,000,000 | 170,000,000 | ' |
Estimated Future Benefit Payments | ' | ' | ' | ' | ' | ' | ' |
2014 | 1,380,000,000 | ' | ' | 1,380,000,000 | ' | ' | 1,380,000,000 |
2015 | 1,380,000,000 | ' | ' | 1,380,000,000 | ' | ' | 1,380,000,000 |
2016 | 1,390,000,000 | ' | ' | 1,390,000,000 | ' | ' | 1,390,000,000 |
2017 | 1,430,000,000 | ' | ' | 1,430,000,000 | ' | ' | 1,430,000,000 |
2018 | 1,450,000,000 | ' | ' | 1,450,000,000 | ' | ' | 1,450,000,000 |
2019 - 2023 | 7,820,000,000 | ' | ' | 7,820,000,000 | ' | ' | 7,820,000,000 |
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Prior service cost/(credit) | ' | ' | ' | 56,000,000 | ' | ' | ' |
(Gains)/Losses | ' | ' | ' | 598,000,000 | ' | ' | ' |
Defined Benefit Plan, Actual Return on Plan Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 6.63% | ' | ' | 6.63% | 6.74% | ' | 6.63% |
Canadian [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Actual Return on Plan Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 6.31% | ' | ' | 6.31% | ' | ' | 6.31% |
Defined Benefit Plan Actual Ten Year Rate Of Return On Plan Assets | 5.80% | ' | ' | 5.80% | 6.40% | ' | 5.80% |
United Kingdom | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Actual Return on Plan Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 7.25% | ' | ' | 7.25% | ' | ' | 7.25% |
Defined Benefit Plan Actual Ten Year Rate Of Return On Plan Assets | 7.70% | ' | ' | 7.70% | 8.70% | ' | 7.70% |
Worldwide OPEB [Member] | ' | ' | ' | ' | ' | ' | ' |
Change in Benefit Obligation | ' | ' | ' | ' | ' | ' | ' |
Benefit obligation at January 1 | ' | ' | ' | 6,810,000,000 | 6,593,000,000 | ' | 6,593,000,000 |
Service cost | ' | ' | ' | 64,000,000 | 67,000,000 | 63,000,000 | ' |
Interest cost | ' | ' | ' | 256,000,000 | 290,000,000 | ' | ' |
Amendments | ' | ' | ' | 0 | -156,000,000 | ' | ' |
Separation programs and other | ' | ' | ' | -11,000,000 | 3,000,000 | ' | ' |
Curtailments | ' | ' | ' | 0 | 0 | ' | ' |
Settlements | ' | ' | ' | 0 | 0 | ' | ' |
Plan participant contributions | ' | ' | ' | 27,000,000 | 29,000,000 | ' | ' |
Benefits paid | ' | ' | ' | -421,000,000 | -454,000,000 | ' | ' |
Foreign exchange translation | ' | ' | ' | -131,000,000 | 47,000,000 | ' | ' |
Divestiture | ' | ' | ' | 0 | 0 | ' | ' |
Actuarial (gain)/loss | ' | ' | ' | -705,000,000 | 391,000,000 | ' | ' |
Benefit obligation at December 31 | 5,889,000,000 | ' | ' | 5,889,000,000 | 6,810,000,000 | 6,593,000,000 | 5,889,000,000 |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at January 1 | ' | ' | ' | 0 | 0 | ' | 0 |
Actual return on plan assets | ' | ' | ' | 0 | 0 | ' | ' |
Company contributions | ' | ' | ' | 0 | 0 | ' | ' |
Plan participant contributions | ' | ' | ' | 27,000,000 | 29,000,000 | ' | ' |
Plan participant contributions | ' | ' | ' | 0 | 0 | ' | ' |
Benefits paid | ' | ' | ' | 0 | 0 | ' | ' |
Settlements | ' | ' | ' | 0 | 0 | ' | ' |
Foreign exchange translation | ' | ' | ' | 0 | 0 | ' | ' |
Divestiture | ' | ' | ' | 0 | 0 | ' | ' |
Other | 0 | ' | ' | 0 | 0 | ' | 0 |
Fair value of plan assets at December 31 | 0 | ' | ' | 0 | 0 | 0 | 0 |
Funded status at December 31 | -5,889,000,000 | ' | ' | -5,889,000,000 | -6,810,000,000 | ' | -5,889,000,000 |
Amounts Recognized on the Balance Sheet | ' | ' | ' | ' | ' | ' | ' |
Prepaid assets | 0 | ' | ' | 0 | 0 | ' | 0 |
Accrued liabilities | -5,889,000,000 | ' | ' | -5,889,000,000 | -6,810,000,000 | ' | -5,889,000,000 |
Total | -5,889,000,000 | ' | ' | -5,889,000,000 | -6,810,000,000 | ' | -5,889,000,000 |
Amounts Recognized in Accumulated Other Comprehensive Loss (pre-tax) | ' | ' | ' | ' | ' | ' | ' |
Unamortized prior service costs/(credits) | -959,000,000 | ' | ' | -959,000,000 | -1,263,000,000 | ' | -959,000,000 |
Unamortized net (gains)/losses | 1,701,000,000 | ' | ' | 1,701,000,000 | 2,594,000,000 | ' | 1,701,000,000 |
Total | 742,000,000 | ' | ' | 742,000,000 | 1,331,000,000 | ' | 742,000,000 |
Plan Contributions [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension and Other Postretirement Benefit Contributions | ' | ' | ' | 5,000,000,000 | ' | ' | ' |
Pension and Other Postretirement Benefit Contributions Unfunded Plans | ' | ' | ' | 400,000,000 | ' | ' | ' |
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year | ' | ' | ' | 1,500,000,000 | ' | ' | ' |
Pension And Other Postretirement Expected Benefit Contributions Unfunded Plans | 400,000,000 | ' | ' | 400,000,000 | ' | ' | 400,000,000 |
Pension and Other Postretirement Benefit Contributions and Expected Future Employer Contributions To Funded and Unfunded Plans | 1,900,000,000 | ' | ' | 1,900,000,000 | ' | ' | 1,900,000,000 |
Business Restructuring [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension-related expenses | ' | ' | ' | 0 | 2,000,000 | 10,000,000 | ' |
Estimated Future Benefit Payments | ' | ' | ' | ' | ' | ' | ' |
2014 | 420,000,000 | ' | ' | 420,000,000 | ' | ' | 420,000,000 |
2015 | 380,000,000 | ' | ' | 380,000,000 | ' | ' | 380,000,000 |
2016 | 380,000,000 | ' | ' | 380,000,000 | ' | ' | 380,000,000 |
2017 | 370,000,000 | ' | ' | 370,000,000 | ' | ' | 370,000,000 |
2018 | 370,000,000 | ' | ' | 370,000,000 | ' | ' | 370,000,000 |
2019 - 2023 | 1,850,000,000 | ' | ' | 1,850,000,000 | ' | ' | 1,850,000,000 |
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Prior service cost/(credit) | ' | ' | ' | -231,000,000 | ' | ' | ' |
(Gains)/Losses | ' | ' | ' | 98,000,000 | ' | ' | ' |
Defined Benefit Plan, Actual Return on Plan Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long-Term Return on Asset Rate | 0.00% | ' | ' | 0.00% | 0.00% | ' | 0.00% |
BELGIUM | ' | ' | ' | ' | ' | ' | ' |
Curtailments and Settlements [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Settlement Losses | ' | ' | ' | ' | ' | 109,000,000 | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Percent Of Employer And Related Party Securities Included In Plan Assets Maximum | 1.00% | ' | ' | 1.00% | ' | ' | 1.00% |
Fixed Income | U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at January 1 | ' | ' | ' | 22,456,000,000 | ' | ' | ' |
Fair value of plan assets at December 31 | 27,854,000,000 | ' | ' | 27,854,000,000 | ' | ' | 27,854,000,000 |
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations | ' | ' | ' | 80.00% | ' | ' | ' |
Fixed Income | Non-U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at December 31 | 9,398,000,000 | ' | ' | 9,398,000,000 | 8,146,000,000 | ' | 9,398,000,000 |
Alternatives | ' | ' | ' | ' | ' | ' | ' |
Alternative Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Lagged Valuation Adjustments Range, Low | ' | ' | ' | 'P1M | ' | ' | ' |
Lagged Valuation Adjustments Range, High | ' | ' | ' | 'P6M | ' | ' | ' |
Alternatives | U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at December 31 | 6,014,000,000 | ' | ' | 6,014,000,000 | 5,990,000,000 | ' | 6,014,000,000 |
Alternatives | Non-U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at December 31 | 2,610,000,000 | ' | ' | 2,610,000,000 | 1,708,000,000 | ' | 2,610,000,000 |
Growth Assets [Member] | U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Target Plan Asset Allocations | ' | ' | ' | 20.00% | ' | ' | ' |
Real Estate Investment [Member] | ' | ' | ' | ' | ' | ' | ' |
Alternative Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Lagged Valuation Adjustments Amount | ' | ' | ' | 0 | 24,000,000 | ' | ' |
Hedge Funds [Member] | ' | ' | ' | ' | ' | ' | ' |
Alternative Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Lagged Valuation Adjustments Range, Low | ' | ' | ' | 'P1M | ' | ' | ' |
Lagged Valuation Adjustments Range, High | ' | ' | ' | 'P3M | ' | ' | ' |
Lagged Valuation Adjustments Amount | ' | ' | ' | -10,000,000 | 33,000,000 | ' | ' |
Hedge Funds [Member] | U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at December 31 | 2,778,000,000 | ' | ' | 2,778,000,000 | 3,121,000,000 | ' | 2,778,000,000 |
Hedge Funds [Member] | Non-U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at December 31 | 1,657,000,000 | ' | ' | 1,657,000,000 | 1,142,000,000 | ' | 1,657,000,000 |
Private Equity Funds [Member] | ' | ' | ' | ' | ' | ' | ' |
Alternative Assets [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Lagged Valuation Adjustments Range, Low | ' | ' | ' | 'P1M | ' | ' | ' |
Lagged Valuation Adjustments Range, High | ' | ' | ' | 'P6M | ' | ' | ' |
Lagged Valuation Adjustments Amount | ' | ' | ' | 123,000,000 | 56,000,000 | ' | ' |
Private Equity Funds [Member] | U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at December 31 | 2,626,000,000 | ' | ' | 2,626,000,000 | 2,412,000,000 | ' | 2,626,000,000 |
Private Equity Funds [Member] | Non-U.S. Plans | ' | ' | ' | ' | ' | ' | ' |
Change in Plan Assets | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at December 31 | 352,000,000 | ' | ' | 352,000,000 | 236,000,000 | ' | 352,000,000 |
Ford Europe [Member] | Facility Closing [Member] | ' | ' | ' | ' | ' | ' | ' |
Business Restructuring [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Pension-related expenses | ' | ' | ' | $180,000,000 | ' | ' | ' |
Retirement_Benefits_Fair_Value
Retirement Benefits - Fair Value of Plan Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | |||
U.S. Plans | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan Fair Value Of Plan Assets Dividends And Interest Receivable | $349 | $274 | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 41,217 | 42,395 | 39,414 |
U.S. Plans | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 9,326 | 14,326 | ' |
U.S. Plans | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 25,839 | 21,710 | ' |
U.S. Plans | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,052 | 6,359 | ' |
U.S. Plans | Equity | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,114 | 12,714 | ' |
U.S. Plans | Equity | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,012 | 12,515 | ' |
U.S. Plans | Equity | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 98 | 181 | ' |
U.S. Plans | Equity | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 4 | 18 | ' |
U.S. Plans | U.S. companies | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,749 | 7,607 | ' |
U.S. Plans | U.S. companies | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,724 | 7,544 | ' |
U.S. Plans | U.S. companies | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 22 | 48 | ' |
U.S. Plans | U.S. companies | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3 | 15 | ' |
U.S. Plans | International companies | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,365 | 5,107 | ' |
U.S. Plans | International companies | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,288 | 4,971 | ' |
U.S. Plans | International companies | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 76 | 133 | ' |
U.S. Plans | International companies | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1 | 3 | ' |
U.S. Plans | Derivative financial instruments | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Derivative financial instruments | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Derivative financial instruments | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Derivative financial instruments | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Fixed Income | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 27,854 | 22,456 | ' |
U.S. Plans | Fixed Income | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,587 | 2,492 | ' |
U.S. Plans | Fixed Income | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 24,234 | 19,670 | ' |
U.S. Plans | Fixed Income | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 33 | 294 | ' |
U.S. Plans | U.S. government | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,610 | 2,523 | ' |
U.S. Plans | U.S. government | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,610 | 2,523 | ' |
U.S. Plans | U.S. government | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | U.S. government | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | U.S. government-sponsored enterprises | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 4,127 | 3,239 | ' |
U.S. Plans | U.S. government-sponsored enterprises | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | U.S. government-sponsored enterprises | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 4,127 | 3,236 | ' |
U.S. Plans | U.S. government-sponsored enterprises | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 3 | ' |
U.S. Plans | Non-U.S. government | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,115 | 2,916 | ' |
U.S. Plans | Non-U.S. government | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Non-U.S. government | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,115 | 2,884 | ' |
U.S. Plans | Non-U.S. government | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 32 | ' |
U.S. Plans | Investment grade | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 15,058 | 10,661 | ' |
U.S. Plans | Investment grade | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Investment grade | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 15,058 | 10,581 | ' |
U.S. Plans | Investment grade | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 80 | ' |
U.S. Plans | High yield | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,254 | 1,400 | ' |
U.S. Plans | High yield | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | High yield | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,254 | 1,386 | ' |
U.S. Plans | High yield | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 14 | ' |
U.S. Plans | Other credit | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 48 | 78 | ' |
U.S. Plans | Other credit | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Other credit | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 48 | 28 | ' |
U.S. Plans | Other credit | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 50 | ' |
U.S. Plans | Mortgage/other asset-backed | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,320 | 1,298 | ' |
U.S. Plans | Mortgage/other asset-backed | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Mortgage/other asset-backed | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,287 | 1,183 | ' |
U.S. Plans | Mortgage/other asset-backed | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 33 | 115 | ' |
U.S. Plans | Commingled funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 304 | 477 | ' |
U.S. Plans | Commingled funds | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Commingled funds | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 304 | 477 | ' |
U.S. Plans | Commingled funds | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 18 | -136 | ' |
U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | -23 | -31 | ' |
U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 41 | -105 | ' |
U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Alternatives | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,014 | 5,990 | ' |
U.S. Plans | Alternatives | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Alternatives | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Alternatives | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,014 | 5,990 | ' |
U.S. Plans | Hedge funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,778 | 3,121 | ' |
U.S. Plans | Hedge funds | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Hedge funds | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Hedge funds | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,778 | 3,121 | ' |
U.S. Plans | Hedge Funds Global Macro [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 32.00% | 39.00% | ' |
U.S. Plans | Hedge Funds, Event Driven [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 26.00% | 21.00% | ' |
U.S. Plans | Hedge Funds, Equity Long (Short) [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 22.00% | 17.00% | ' |
U.S. Plans | Hedge Funds Relative Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 9.00% | 13.00% | ' |
U.S. Plans | Hedge Funds, Multi-strategy [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 11.00% | 10.00% | ' |
U.S. Plans | Private equity | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,626 | 2,412 | ' |
U.S. Plans | Private equity | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Private equity | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Private equity | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,626 | 2,412 | ' |
U.S. Plans | Private Equity Funds Buyout [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 61.00% | 60.00% | ' |
U.S. Plans | Private Equity Funds Venture Capital [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 26.00% | 25.00% | ' |
U.S. Plans | Private Equity Funds Mezzanine Distressed [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 7.00% | 8.00% | ' |
U.S. Plans | Private Equity Funds Other [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 6.00% | 7.00% | ' |
U.S. Plans | Real estate | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 610 | 457 | ' |
U.S. Plans | Real estate | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Real estate | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Real estate | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 610 | 457 | ' |
U.S. Plans | Real Estate Core [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 49.00% | 54.00% | ' |
U.S. Plans | Real Estate Value Added and Opportunistic [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 51.00% | 46.00% | ' |
U.S. Plans | Cash and cash equivalents | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,477 | 1,901 | ' |
U.S. Plans | Cash and cash equivalents | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
U.S. Plans | Cash and cash equivalents | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,477 | 1,844 | ' |
U.S. Plans | Cash and cash equivalents | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 57 | ' |
U.S. Plans | Other | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | -242 | -666 | ' |
U.S. Plans | Other | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | -273 | -681 | ' |
U.S. Plans | Other | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 30 | 15 | ' |
U.S. Plans | Other | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1 | 0 | ' |
Non-U.S. Plans | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan Fair Value Of Plan Assets Dividends And Interest Receivable | 99 | 84 | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 23,843 | 21,713 | 19,198 |
Non-U.S. Plans | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 5,259 | 5,993 | ' |
Non-U.S. Plans | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 10,604 | 9,245 | ' |
Non-U.S. Plans | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 7,980 | 6,475 | ' |
Non-U.S. Plans | Equity | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,139 | 7,057 | ' |
Non-U.S. Plans | Equity | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 5,694 | 6,645 | ' |
Non-U.S. Plans | Equity | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 443 | 411 | ' |
Non-U.S. Plans | Equity | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2 | 1 | ' |
Non-U.S. Plans | U.S. companies | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,940 | 3,444 | ' |
Non-U.S. Plans | U.S. companies | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,711 | 3,221 | ' |
Non-U.S. Plans | U.S. companies | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 229 | 223 | ' |
Non-U.S. Plans | U.S. companies | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | International companies | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 3,199 | 3,613 | ' |
Non-U.S. Plans | International companies | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,983 | 3,424 | ' |
Non-U.S. Plans | International companies | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 214 | 188 | ' |
Non-U.S. Plans | International companies | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2 | 1 | ' |
Non-U.S. Plans | Derivative financial instruments | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Derivative financial instruments | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Derivative financial instruments | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Derivative financial instruments | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Fixed Income | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 9,398 | 8,146 | ' |
Non-U.S. Plans | Fixed Income | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 30 | 99 | ' |
Non-U.S. Plans | Fixed Income | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 9,198 | 7,950 | ' |
Non-U.S. Plans | Fixed Income | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 170 | 97 | ' |
Non-U.S. Plans | U.S. government | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 30 | 99 | ' |
Non-U.S. Plans | U.S. government | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 30 | 99 | ' |
Non-U.S. Plans | U.S. government | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | U.S. government | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | U.S. government-sponsored enterprises | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 11 | 6 | ' |
Non-U.S. Plans | U.S. government-sponsored enterprises | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | U.S. government-sponsored enterprises | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 11 | 6 | ' |
Non-U.S. Plans | U.S. government-sponsored enterprises | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Non-U.S. government | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,947 | 5,882 | ' |
Non-U.S. Plans | Non-U.S. government | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Non-U.S. government | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 6,880 | 5,841 | ' |
Non-U.S. Plans | Non-U.S. government | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 67 | 41 | ' |
Non-U.S. Plans | Investment grade | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,284 | 1,169 | ' |
Non-U.S. Plans | Investment grade | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Investment grade | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,229 | 1,147 | ' |
Non-U.S. Plans | Investment grade | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 55 | 22 | ' |
Non-U.S. Plans | High yield | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 358 | 269 | ' |
Non-U.S. Plans | High yield | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | High yield | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 337 | 268 | ' |
Non-U.S. Plans | High yield | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 21 | 1 | ' |
Non-U.S. Plans | Other credit | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 50 | 19 | ' |
Non-U.S. Plans | Other credit | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Other credit | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 37 | 13 | ' |
Non-U.S. Plans | Other credit | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 13 | 6 | ' |
Non-U.S. Plans | Mortgage/other asset-backed | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 252 | 196 | ' |
Non-U.S. Plans | Mortgage/other asset-backed | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Mortgage/other asset-backed | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 238 | 168 | ' |
Non-U.S. Plans | Mortgage/other asset-backed | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 14 | 28 | ' |
Non-U.S. Plans | Commingled funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 471 | 504 | ' |
Non-U.S. Plans | Commingled funds | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Commingled funds | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 471 | 504 | ' |
Non-U.S. Plans | Commingled funds | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | -5 | 2 | ' |
Non-U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | -5 | 3 | ' |
Non-U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | -1 | ' |
Non-U.S. Plans | Alternatives | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,610 | 1,708 | ' |
Non-U.S. Plans | Alternatives | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Alternatives | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 1 | ' |
Non-U.S. Plans | Alternatives | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 2,610 | 1,707 | ' |
Non-U.S. Plans | Hedge funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,657 | 1,142 | ' |
Non-U.S. Plans | Hedge funds | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Hedge funds | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Hedge funds | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 1,657 | 1,142 | ' |
Non-U.S. Plans | Private equity | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 352 | 236 | ' |
Non-U.S. Plans | Private equity | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Private equity | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Private equity | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 352 | 236 | ' |
Non-U.S. Plans | Real estate | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 601 | 330 | ' |
Non-U.S. Plans | Real estate | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Real estate | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 1 | ' |
Non-U.S. Plans | Real estate | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 601 | 329 | ' |
Non-U.S. Plans | Real Estate Core [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 40.00% | 31.00% | ' |
Non-U.S. Plans | Real Estate Value Added and Opportunistic [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 60.00% | 69.00% | ' |
Non-U.S. Plans | Cash and cash equivalents | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 950 | 867 | ' |
Non-U.S. Plans | Cash and cash equivalents | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Cash and cash equivalents | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 950 | 867 | ' |
Non-U.S. Plans | Cash and cash equivalents | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | ' |
Non-U.S. Plans | Other | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 4,746 | 3,935 | ' |
Non-U.S. Plans | Other | Level 1 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | -465 | -751 | ' |
Non-U.S. Plans | Other | Level 2 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 13 | 16 | ' |
Non-U.S. Plans | Other | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | 5,198 | 4,670 | ' |
United Kingdom and Canadian [Member] | Hedge Funds Global Macro [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 12.00% | 13.00% | ' |
United Kingdom and Canadian [Member] | Hedge Funds, Event Driven [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 35.00% | 36.00% | ' |
United Kingdom and Canadian [Member] | Hedge Funds, Equity Long (Short) [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 35.00% | 26.00% | ' |
United Kingdom and Canadian [Member] | Hedge Funds Relative Value [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 6.00% | 11.00% | ' |
United Kingdom and Canadian [Member] | Hedge Funds, Multi-strategy [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Actual Plan Asset Allocations | 12.00% | 14.00% | ' |
Ford Werke GmbH [Member] | Non-U.S. Plans | Other Pension Benefit Plan Asset Insurance Contracts [Member] | Level 3 [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Defined Benefit Plan, Fair Value of Plan Assets | $4,077 | $3,609 | ' |
Retirement_Benefits_Changes_in
Retirement Benefits - Changes in Level 3 Pension Benefit Plan Assets Measured at Fair Value on a Recurring Basis (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Foreign Pension Plan, Defined Benefit [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | $6,475 | $5,828 |
Attributable to Assets Held at December 31 | 710 | 411 |
Attributable To Assets Sold | 11 | 16 |
Net Purchases/(Settlements) | 796 | 259 |
Transfers into / (out of) Level 3, net | -12 | -39 |
Fair Value Ending Balance | 7,980 | 6,475 |
Foreign Pension Plan, Defined Benefit [Member] | Equity | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 1 | 1 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | 1 | 0 |
Fair Value Ending Balance | 2 | 1 |
Foreign Pension Plan, Defined Benefit [Member] | U.S. companies | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 0 | 0 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 0 | 0 |
Foreign Pension Plan, Defined Benefit [Member] | International companies | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 1 | 1 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | 1 | 0 |
Fair Value Ending Balance | 2 | 1 |
Foreign Pension Plan, Defined Benefit [Member] | Fixed Income | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 97 | 133 |
Attributable to Assets Held at December 31 | -8 | 2 |
Attributable To Assets Sold | 1 | 7 |
Net Purchases/(Settlements) | 93 | -6 |
Transfers into / (out of) Level 3, net | -13 | -39 |
Fair Value Ending Balance | 170 | 97 |
Foreign Pension Plan, Defined Benefit [Member] | U.S. government | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 0 | 0 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 0 | 0 |
Foreign Pension Plan, Defined Benefit [Member] | U.S. government-sponsored enterprises | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 0 | 0 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 0 | 0 |
Foreign Pension Plan, Defined Benefit [Member] | Non-U.S. government | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 41 | 122 |
Attributable to Assets Held at December 31 | -7 | 1 |
Attributable To Assets Sold | 0 | 9 |
Net Purchases/(Settlements) | 33 | -31 |
Transfers into / (out of) Level 3, net | 0 | -60 |
Fair Value Ending Balance | 67 | 41 |
Foreign Pension Plan, Defined Benefit [Member] | Investment grade | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 22 | 11 |
Attributable to Assets Held at December 31 | -1 | 1 |
Attributable To Assets Sold | -1 | 1 |
Net Purchases/(Settlements) | 32 | 4 |
Transfers into / (out of) Level 3, net | 3 | 5 |
Fair Value Ending Balance | 55 | 22 |
Foreign Pension Plan, Defined Benefit [Member] | High yield | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 1 | 0 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 19 | 1 |
Transfers into / (out of) Level 3, net | 1 | 0 |
Fair Value Ending Balance | 21 | 1 |
Foreign Pension Plan, Defined Benefit [Member] | Other credit | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 6 | 0 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 7 | 6 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 13 | 6 |
Foreign Pension Plan, Defined Benefit [Member] | Mortgage/other asset-backed | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 28 | 6 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 2 | 0 |
Net Purchases/(Settlements) | 1 | 14 |
Transfers into / (out of) Level 3, net | -17 | 8 |
Fair Value Ending Balance | 14 | 28 |
Foreign Pension Plan, Defined Benefit [Member] | Fixed Income Funds Net Derivative Financial Instruments [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | -1 | -6 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | -3 |
Net Purchases/(Settlements) | 1 | 0 |
Transfers into / (out of) Level 3, net | 0 | 8 |
Fair Value Ending Balance | 0 | -1 |
Foreign Pension Plan, Defined Benefit [Member] | Alternatives | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 1,707 | 1,336 |
Attributable to Assets Held at December 31 | 190 | 97 |
Attributable To Assets Sold | 10 | 9 |
Net Purchases/(Settlements) | 703 | 265 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 2,610 | 1,707 |
Foreign Pension Plan, Defined Benefit [Member] | Hedge funds | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 1,142 | 1,053 |
Attributable to Assets Held at December 31 | 114 | 79 |
Attributable To Assets Sold | 10 | 10 |
Net Purchases/(Settlements) | 391 | 0 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 1,657 | 1,142 |
Foreign Pension Plan, Defined Benefit [Member] | Private equity | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 236 | 123 |
Attributable to Assets Held at December 31 | 34 | 14 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 82 | 99 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 352 | 236 |
Foreign Pension Plan, Defined Benefit [Member] | Real estate | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 329 | 160 |
Attributable to Assets Held at December 31 | 42 | 4 |
Attributable To Assets Sold | 0 | -1 |
Net Purchases/(Settlements) | 230 | 166 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 601 | 329 |
Foreign Pension Plan, Defined Benefit [Member] | Other | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 4,670 | 4,358 |
Attributable to Assets Held at December 31 | 528 | 312 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 5,198 | 4,670 |
U.S. Plans | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 6,359 | 5,729 |
Attributable to Assets Held at December 31 | 686 | 434 |
Attributable To Assets Sold | -44 | -6 |
Net Purchases/(Settlements) | -770 | 180 |
Transfers into / (out of) Level 3, net | -179 | 22 |
Fair Value Ending Balance | 6,052 | 6,359 |
U.S. Plans | Equity | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 18 | 18 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 3 |
Net Purchases/(Settlements) | -2 | -3 |
Transfers into / (out of) Level 3, net | -12 | 0 |
Fair Value Ending Balance | 4 | 18 |
U.S. Plans | U.S. companies | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 15 | 15 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | -12 | 0 |
Fair Value Ending Balance | 3 | 15 |
U.S. Plans | International companies | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 3 | 3 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 3 |
Net Purchases/(Settlements) | -2 | -3 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 1 | 3 |
U.S. Plans | Fixed Income | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 294 | 298 |
Attributable to Assets Held at December 31 | 0 | 11 |
Attributable To Assets Sold | -6 | -4 |
Net Purchases/(Settlements) | -92 | -43 |
Transfers into / (out of) Level 3, net | -163 | 32 |
Fair Value Ending Balance | 33 | 294 |
U.S. Plans | U.S. government | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 0 | 0 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | 0 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 0 | 0 |
U.S. Plans | U.S. government-sponsored enterprises | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 3 | 8 |
Attributable to Assets Held at December 31 | 0 | 0 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | 0 | -5 |
Transfers into / (out of) Level 3, net | -3 | 0 |
Fair Value Ending Balance | 0 | 3 |
U.S. Plans | Non-U.S. government | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 32 | 169 |
Attributable to Assets Held at December 31 | 0 | 2 |
Attributable To Assets Sold | -1 | 5 |
Net Purchases/(Settlements) | -28 | -137 |
Transfers into / (out of) Level 3, net | -3 | -7 |
Fair Value Ending Balance | 0 | 32 |
U.S. Plans | Investment grade | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 80 | 33 |
Attributable to Assets Held at December 31 | 0 | 5 |
Attributable To Assets Sold | -4 | -4 |
Net Purchases/(Settlements) | -33 | 14 |
Transfers into / (out of) Level 3, net | -43 | 32 |
Fair Value Ending Balance | 0 | 80 |
U.S. Plans | High yield | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 14 | 11 |
Attributable to Assets Held at December 31 | 0 | 1 |
Attributable To Assets Sold | -1 | 1 |
Net Purchases/(Settlements) | -12 | 4 |
Transfers into / (out of) Level 3, net | -1 | -3 |
Fair Value Ending Balance | 0 | 14 |
U.S. Plans | Other credit | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 50 | 17 |
Attributable to Assets Held at December 31 | 0 | 5 |
Attributable To Assets Sold | -7 | 0 |
Net Purchases/(Settlements) | -26 | 28 |
Transfers into / (out of) Level 3, net | -17 | 0 |
Fair Value Ending Balance | 0 | 50 |
U.S. Plans | Mortgage/other asset-backed | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 115 | 54 |
Attributable to Assets Held at December 31 | 0 | 1 |
Attributable To Assets Sold | 7 | 3 |
Net Purchases/(Settlements) | 7 | 43 |
Transfers into / (out of) Level 3, net | -96 | 14 |
Fair Value Ending Balance | 33 | 115 |
U.S. Plans | Fixed Income Funds Net Derivative Financial Instruments [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 0 | 6 |
Attributable to Assets Held at December 31 | 0 | -3 |
Attributable To Assets Sold | 0 | -9 |
Net Purchases/(Settlements) | 0 | 10 |
Transfers into / (out of) Level 3, net | 0 | -4 |
Fair Value Ending Balance | 0 | 0 |
U.S. Plans | Alternatives | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 5,990 | 5,415 |
Attributable to Assets Held at December 31 | 685 | 421 |
Attributable To Assets Sold | -40 | -5 |
Net Purchases/(Settlements) | -621 | 159 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 6,014 | 5,990 |
U.S. Plans | Hedge funds | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 3,121 | 2,968 |
Attributable to Assets Held at December 31 | 295 | 189 |
Attributable To Assets Sold | -40 | -6 |
Net Purchases/(Settlements) | -598 | -30 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 2,778 | 3,121 |
U.S. Plans | Private equity | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 2,412 | 2,085 |
Attributable to Assets Held at December 31 | 345 | 201 |
Attributable To Assets Sold | 0 | 0 |
Net Purchases/(Settlements) | -131 | 126 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 2,626 | 2,412 |
U.S. Plans | Real estate | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 457 | 362 |
Attributable to Assets Held at December 31 | 45 | 31 |
Attributable To Assets Sold | 0 | 1 |
Net Purchases/(Settlements) | 108 | 63 |
Transfers into / (out of) Level 3, net | 0 | 0 |
Fair Value Ending Balance | 610 | 457 |
U.S. Plans | Other | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Beginning Balance | 57 | -2 |
Attributable to Assets Held at December 31 | 1 | 2 |
Attributable To Assets Sold | 2 | 0 |
Net Purchases/(Settlements) | -55 | 67 |
Transfers into / (out of) Level 3, net | -4 | -10 |
Fair Value Ending Balance | 1 | 57 |
Ford Werke GmbH [Member] | Foreign Pension Plan, Defined Benefit [Member] | Other Pension Benefit Plan Asset Insurance Contracts [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Fair Value Ending Balance | $4,077 | $3,609 |
Debt_And_Commitments_Debt_Outs
Debt And Commitments - Debt Outstanding (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Debt Outstanding [Abstract] | ' | ' |
Total Debt | $114,688,000,000 | $105,058,000,000 |
Automotive [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 1,257,000,000 | 1,386,000,000 |
Debt payable after one year | 14,426,000,000 | 12,870,000,000 |
Total Debt | 15,683,000,000 | 14,256,000,000 |
Fair value of debt | 17,301,000,000 | 14,867,000,000 |
Interest accrued on debt | 195,000,000 | 194,000,000 |
Debt Instruments [Abstract] | ' | ' |
Short-term debt carried at cost which approximates fair value | 377,000,000 | 484,000,000 |
Automotive [Member] | Other debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt payable within one year | 104,000,000 | 311,000,000 |
Unamortized (discount)/premium | 3,000,000 | -7,000,000 |
Debt payable after one year | 1,255,000,000 | 1,048,000,000 |
Automotive [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt, principal amount | 6,799,000,000 | 5,420,000,000 |
Unamortized (discount)/premium | -148,000,000 | -100,000,000 |
Debt Instruments [Abstract] | ' | ' |
Debt Instrument, Increase (Decrease) for Period, Net | 1,400,000,000 | ' |
Automotive [Member] | Convertible Notes [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt, principal amount | 908,000,000 | 908,000,000 |
Unamortized (discount)/premium | -110,000,000 | -142,000,000 |
Debt Instruments [Abstract] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.25% | ' |
Automotive [Member] | Short-term Debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Average contractual (interest rate) | 1.50% | 1.50% |
Average effective (interest rate) | 1.50% | 1.50% |
Automotive [Member] | Long-term Debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Average contractual (interest rate) | 4.40% | 4.60% |
Average effective (interest rate) | 4.70% | 5.10% |
Automotive [Member] | Non-Affiliates [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 562,000,000 | 484,000,000 |
Financial Services [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 14,994,000,000 | 17,745,000,000 |
Unamortized (discount)/premium | -91,000,000 | -134,000,000 |
Fair value adjustments | 103,000,000 | 791,000,000 |
Long Term Debt And Capital Lease Obligations Current And Non Current | 84,011,000,000 | 73,057,000,000 |
Total Debt | 99,005,000,000 | 90,802,000,000 |
Fair value of debt | 102,399,000,000 | 94,578,000,000 |
Interest accrued on debt | 633,000,000 | 744,000,000 |
Debt Instruments [Abstract] | ' | ' |
Short-term debt carried at cost which approximates fair value | 9,700,000,000 | 8,400,000,000 |
Financial Services [Member] | Other debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 2,345,000,000 | 1,655,000,000 |
Financial Services [Member] | Asset backed commercial paper [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 3,364,000,000 | 5,752,000,000 |
Financial Services [Member] | Other asset backed short term debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 1,963,000,000 | 3,762,000,000 |
Financial Services [Member] | Floating rate demand notes [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 5,319,000,000 | 4,890,000,000 |
Financial Services [Member] | Commercial Paper [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Short-term Debt | 2,003,000,000 | 1,686,000,000 |
Financial Services [Member] | Unsecured Debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt payable within one year | 4,475,000,000 | 5,830,000,000 |
Debt payable after one year | 38,914,000,000 | 32,503,000,000 |
Financial Services [Member] | Asset backed-debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt payable within one year | 17,337,000,000 | 13,801,000,000 |
Debt payable after one year | 23,273,000,000 | 20,266,000,000 |
Financial Services [Member] | Short-term Debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Average contractual (interest rate) | 1.50% | 1.10% |
Average effective (interest rate) | 1.50% | 1.10% |
Financial Services [Member] | Long-term Debt [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Average contractual (interest rate) | 3.10% | 3.80% |
Average effective (interest rate) | 3.30% | 4.10% |
DOE ATVM Incentive Program | Automotive [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt payable within one year | 591,000,000 | 591,000,000 |
Debt payable after one year | 4,424,000,000 | 5,014,000,000 |
EIB Credit Facilities [Member] | Automotive [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt payable after one year | 1,295,000,000 | 729,000,000 |
Notes Due January 15, 2043 [Member] | Automotive [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt, principal amount | 2,000,000,000 | 0 |
Debt Instruments [Abstract] | ' | ' |
Debt Instrument, Increase, Additional Borrowings | 2,000,000,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | ' |
Notes due June 10, 2043 [Member] | Automotive [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt Outstanding [Abstract] | ' | ' |
Debt, principal amount | 0 | 593,000,000 |
Debt Instruments [Abstract] | ' | ' |
Debt Instrument, Decrease, Repayments | $600,000,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.50% | ' |
Debt_And_Commitments_Maturitie
Debt And Commitments - Maturities (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Maturities - 2014 | $38,063 |
Maturities - 2015 | 23,570 |
Maturities - 2016 | 18,554 |
Maturities - 2017 | 10,855 |
Maturities - 2018 | 7,132 |
Maturities - Thereafter | 16,757 |
Contractual Obligation | 114,931 |
Automotive [Member] | ' |
Maturities - 2014 | 1,257 |
Maturities - 2015 | 2,528 |
Maturities - 2016 | 1,763 |
Maturities - 2017 | 664 |
Maturities - 2018 | 1,023 |
Maturities - Thereafter | 8,703 |
Contractual Obligation | 15,938 |
Financial Services [Member] | ' |
Maturities - 2014 | 36,806 |
Maturities - 2015 | 21,042 |
Maturities - 2016 | 16,791 |
Maturities - 2017 | 10,191 |
Maturities - 2018 | 6,109 |
Maturities - Thereafter | 8,054 |
Contractual Obligation | 98,993 |
Public Unsecured Debt Securities [Member] | Automotive [Member] | ' |
Maturities - 2014 | 0 |
Maturities - 2015 | 165 |
Maturities - 2016 | 0 |
Maturities - 2017 | 0 |
Maturities - 2018 | 361 |
Maturities - Thereafter | 6,273 |
Contractual Obligation | 6,799 |
Convertible Notes [Member] | Automotive [Member] | ' |
Maturities - 2014 | 0 |
Maturities - 2015 | 0 |
Maturities - 2016 | 883 |
Maturities - 2017 | 0 |
Maturities - 2018 | 0 |
Maturities - Thereafter | 25 |
Contractual Obligation | 908 |
Short Term and Other Debt [Member] | Automotive [Member] | ' |
Maturities - 2014 | 666 |
Maturities - 2015 | 1,772 |
Maturities - 2016 | 289 |
Maturities - 2017 | 73 |
Maturities - 2018 | 71 |
Maturities - Thereafter | 345 |
Contractual Obligation | 3,216 |
Unsecured Debt [Member] | Financial Services [Member] | ' |
Maturities - 2014 | 14,142 |
Maturities - 2015 | 9,048 |
Maturities - 2016 | 8,955 |
Maturities - 2017 | 7,445 |
Maturities - 2018 | 5,612 |
Maturities - Thereafter | 7,854 |
Contractual Obligation | 53,056 |
Asset backed-debt [Member] | Financial Services [Member] | ' |
Maturities - 2014 | 22,664 |
Maturities - 2015 | 11,994 |
Maturities - 2016 | 7,836 |
Maturities - 2017 | 2,746 |
Maturities - 2018 | 497 |
Maturities - Thereafter | 200 |
Contractual Obligation | 45,937 |
DOE ATVM Incentive Program | Automotive [Member] | ' |
Maturities - 2014 | 591 |
Maturities - 2015 | 591 |
Maturities - 2016 | 591 |
Maturities - 2017 | 591 |
Maturities - 2018 | 591 |
Maturities - Thereafter | 2,060 |
Contractual Obligation | $5,015 |
Debt_and_Commitments_Public_Un
Debt and Commitments - Public Unsecured Debt Securities (Details) (Automotive [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | $6,799 | $5,420 |
Debentures due March 26, 2015 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 165 | 160 |
Debt Instrument, Interest Rate, Stated Percentage | 4.88% | ' |
Debentures due August 1, 2018 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 361 | 361 |
Debt Instrument, Interest Rate, Stated Percentage | 6.50% | ' |
Debentures due January 15, 2022 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 86 | 86 |
Debt Instrument, Interest Rate, Stated Percentage | 8.88% | ' |
Debentures due October 3, 2022 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 0 | 15 |
Debt Instrument, Interest Rate, Stated Percentage | 6.55% | ' |
Debentures due November 15, 2025 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 209 | 209 |
Debt Instrument, Interest Rate, Stated Percentage | 7.13% | ' |
Debentures due August 1, 2026 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 193 | 193 |
Debt Instrument, Interest Rate, Stated Percentage | 7.50% | ' |
Debentures due February 15, 2028 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 104 | 104 |
Debt Instrument, Interest Rate, Stated Percentage | 6.63% | ' |
Debentures due October 1, 2028 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 638 | 638 |
Debt Instrument, Interest Rate, Stated Percentage | 6.63% | ' |
Debentures due February 1, 2029 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 260 | 260 |
Debt Instrument, Interest Rate, Stated Percentage | 6.38% | ' |
Debentures due September 3, 2029 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 0 | 8 |
Debt Instrument, Interest Rate, Stated Percentage | 5.95% | ' |
Debentures due June 3, 2030 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 0 | 10 |
Debt Instrument, Interest Rate, Stated Percentage | 6.15% | ' |
GLOBLS due July 16 2031 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 1,794 | 1,794 |
Debt Instrument, Interest Rate, Stated Percentage | 7.45% | ' |
Debentures due January 15, 2032 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 151 | 151 |
Debt Instrument, Interest Rate, Stated Percentage | 8.90% | ' |
Debentures due February 15, 2032 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 4 | 4 |
Debt Instrument, Interest Rate, Stated Percentage | 9.95% | ' |
Debentures due April 2, 2035 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 40 | 40 |
Debt Instrument, Interest Rate, Stated Percentage | 5.75% | ' |
Debentures due June 10, 2043 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 0 | 593 |
Debt Instrument, Interest Rate, Stated Percentage | 7.50% | ' |
Debentures due June 15, 2043 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 73 | 73 |
Debt Instrument, Interest Rate, Stated Percentage | 7.75% | ' |
Debentures due November 1, 2046 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 398 | 398 |
Debt Instrument, Interest Rate, Stated Percentage | 7.40% | ' |
Debentures due February 15, 2047 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 181 | 181 |
Debt Instrument, Interest Rate, Stated Percentage | 9.98% | ' |
Debentures due May 15, 2097 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | 142 | 142 |
Debt Instrument, Interest Rate, Stated Percentage | 7.70% | ' |
Debentures due September 15, 2021 [Member] | ' | ' |
Public Unsecured Debt Aggregate Principal Amount Outstanding of On Lent Securities | 180 | ' |
Debentures due September 15, 2021 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 9.22% | ' |
Notes Due January 15, 2043 [Member] | Public Unsecured Debt Securities [Member] | ' | ' |
Debt, principal amount | $2,000 | $0 |
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | ' |
Debt_and_Commitments_Debt_Inst
Debt and Commitments - Debt Instruments Convertible Notes (Details) (Automotive [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Convertible 2016 Notes [Member] | ' | ' | ' |
Convertible Notes Narrative [Abstract] | ' | ' | ' |
Liability component - Principal | $883,000,000 | $883,000,000 | ' |
Debt Instrument, Convertible, Conversion Ratio | 112.8203 | ' | ' |
Debt Instrument Convertible Principal Used For Conversion Ratio | 1,000 | ' | ' |
Debt Instrument, Convertible, Conversion Price | $8.86 | ' | ' |
Increase In Market Price Triggering Option To Terminate Conversion Rights | 130.00% | ' | ' |
Minimum Number of Trading Days | '20 days | ' | ' |
Range Of Trading Days | '30 days | ' | ' |
Convertible Notes Table Narrative [Abstract] | ' | ' | ' |
Liability component - Principal (before underwriter option) | 768,000,000 | 768,000,000 | ' |
Debt Instrument, Interest Rate, Effective Percentage | 9.20% | 9.20% | ' |
Liability component - Principal (underwriter option) | 115,000,000 | 115,000,000 | ' |
Liability component - Principal | 883,000,000 | 883,000,000 | ' |
Over Allotment Option, percentage | 8.60% | 8.60% | ' |
Convertible 2036 Notes [Member] | ' | ' | ' |
Convertible Notes Narrative [Abstract] | ' | ' | ' |
Liability component - Principal | 25,000,000 | 25,000,000 | ' |
Convertible Notes Table Narrative [Abstract] | ' | ' | ' |
Debt Instrument, Interest Rate, Effective Percentage | 10.50% | 10.50% | ' |
Liability component - Principal | 25,000,000 | 25,000,000 | ' |
Convertible Notes [Member] | ' | ' | ' |
Convertible Notes Narrative [Abstract] | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.25% | ' | ' |
Convertible Notes Table Narrative [Abstract] | ' | ' | ' |
Liability component - Unamortized discount | -110,000,000 | -142,000,000 | ' |
Net carrying amount | 798,000,000 | 766,000,000 | ' |
Equity component of outstanding debt | -225,000,000 | -225,000,000 | ' |
Share value in excess of principal value, if converted | 673,000,000 | 384,000,000 | ' |
Share price if convertible notes were converted into shares | $15.43 | $12.95 | ' |
Interest Cost [Abstract] | ' | ' | ' |
Contractual interest coupon | 39,000,000 | 38,000,000 | 38,000,000 |
Amortization of discount | 32,000,000 | 30,000,000 | 27,000,000 |
Total interest cost on Convertible notes | $71,000,000 | $68,000,000 | $65,000,000 |
Debt_and_Commitments_Debt_Inst1
Debt and Commitments - Debt Instruments ATVM Incentive Program, EIB Credit Facility, and Automotive Credit Facilities (Details) (Automotive [Member]) | 12 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 21, 2009 | Dec. 31, 2013 | Jul. 12, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
DOE ATVM Incentive Program | EIB Credit Facilities [Member] | EIB Credit Facilities [Member] | EIB Credit Facilities [Member] | EIB Credit Facilities [Member] | EIB Credit Facilities [Member] | Revolving Credit Facility Maturing November 30, 2017 | Revolving Credit Facility, Maturing November 30, 2015 | Revolving Credit Facility [Member] | Automotive Affiliates Debt [Member] | |
USD ($) | Ford Romania SA [Member] | Ford Romania SA [Member] | Ford of Britain [Member] | Ford of Britain [Member] | Ford Romania SA and Ford of Britain [Member] | USD ($) | USD ($) | USD ($) | USD ($) | |
USD ($) | GBP (£) | USD ($) | GBP (£) | |||||||
Notes Due [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan Facility Term | '13 years | ' | ' | ' | ' | '5 years | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | $5,900,000,000 | $551,000,000 | £ 400,000,000 | $744,000,000 | £ 450,000,000 | ' | $10,700,000,000 | $50,000,000 | ' | $802,000,000 |
Line of Credit Facility, Interest Rate During Period | 2.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | 4.44% | ' | 4.00% | ' | ' | ' | ' | ' | ' |
Percent Of Debt Guaranteed By Third Party | ' | ' | ' | ' | ' | 80.00% | ' | ' | ' | ' |
Line of Credit Facility, Percent of Debt Guaranteed | ' | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' |
Line Of Credit Facility, Percent of Shares Guaranteed | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Covenant Minimum Liquidity Amount | ' | ' | ' | ' | ' | ' | ' | ' | 4,000,000,000 | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 83,000,000 | 99,000,000 |
Line Of Credit Expiration - 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 487,000,000 |
Line Of Credit Expiration - 2015 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 277,000,000 |
Line Of Credit Expiration - Thereafter | ' | ' | ' | ' | ' | ' | ' | ' | ' | $38,000,000 |
Debt_and_Commitments_Asset_Bac
Debt and Commitments - Asset Backed Debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | $14,468,000,000 | $15,659,000,000 | $17,148,000,000 | $14,805,000,000 |
Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 9,509,000,000 | 9,412,000,000 | 9,183,000,000 | 8,504,000,000 |
Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 4,198,000,000 | 2,911,000,000 | ' | ' |
Variable Interest Entity, Primary Beneficiary [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 4,200,000,000 | 2,900,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 53,900,000,000 | 53,800,000,000 | ' | ' |
Long-term Debt, Gross | 40,700,000,000 | 40,200,000,000 | ' | ' |
Variable Interest Entities Liabilities Excluded | ' | 145,000,000 | ' | ' |
Finance Receivables [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 200,000,000 | 100,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 5,600,000,000 | 3,500,000,000 | ' | ' |
Long-term Debt, Gross | 5,200,000,000 | 3,300,000,000 | ' | ' |
Finance Receivables [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 3,800,000,000 | 2,500,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 45,800,000,000 | 47,500,000,000 | ' | ' |
Long-term Debt, Gross | 35,100,000,000 | 36,000,000,000 | ' | ' |
Net Investment in Operating Leases [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 400,000,000 | 400,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 8,100,000,000 | 6,300,000,000 | ' | ' |
Long-term Debt, Gross | 5,600,000,000 | 4,200,000,000 | ' | ' |
Net Investment in Operating Leases [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 400,000,000 | 400,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 8,100,000,000 | 6,300,000,000 | ' | ' |
Securitization Transactions [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 4,400,000,000 | 3,000,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 59,500,000,000 | 57,300,000,000 | ' | ' |
Long-term Debt, Gross | 45,900,000,000 | 43,500,000,000 | ' | ' |
Securitization Transactions [Member] | Finance Receivables [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 4,000,000,000 | 2,600,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 51,400,000,000 | 51,000,000,000 | ' | ' |
Long-term Debt, Gross | 40,300,000,000 | 39,300,000,000 | ' | ' |
Securitization Transactions [Member] | Net Investment in Operating Leases [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 400,000,000 | 400,000,000 | ' | ' |
Finance Receivables Net And Net Investment In Operating Leases | 8,100,000,000 | 6,300,000,000 | ' | ' |
Long-term Debt, Gross | 5,600,000,000 | 4,200,000,000 | ' | ' |
Asset backed-debt [Member] | Securities Pledged as Collateral [Member] | Financial Services [Member] | ' | ' | ' | ' |
Asset Backed Debt [Abstract] | ' | ' | ' | ' |
Secured Debt | $0 | $64,000,000 | ' | ' |
Credit_Facilities_and_Committe
Credit Facilities and Committed Liquidity Programs (Details) | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Ford Credit [Member] | Retail [Member] | Wholesale [Member] | Finance Leases Financing Receivable [Member] | Unsecured Debt [Member] | Contractually Committed Liquidity Facilities [Member] | Contractually Committed Liquidity Facilities [Member] | FCE Bank plc [Member] | FCE Bank plc [Member] | FCE Bank plc [Member] | FCE Bank plc [Member] | FCE Bank plc [Member] | |
Contractually Committed Liquidity Facilities [Member] | Ford Credit [Member] | Ford Credit [Member] | Ford Credit [Member] | Ford Credit [Member] | Ford Credit [Member] | Ford Credit [Member] | Contractually Committed Liquidity Facilities [Member] | Unsecured Debt [Member] | Syndicated Credit Facility [Member] | Syndicated Credit Facility [Member] | Minimum [Member] | |
USD ($) | Contractually Committed Liquidity Facilities [Member] | Contractually Committed Liquidity Facilities [Member] | Contractually Committed Liquidity Facilities [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | GBP (£) | Unsecured Debt [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | |||||||||
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | $1,600,000,000 | $3,500,000,000 | $6,300,000,000 | ' | ' | $1,200,000,000 | £ 720,000,000 | ' |
Line of Credit Facility, Remaining Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000,000 | ' | ' | ' |
Debt Covenant, Minimum Net Worth Requirement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 |
Commitment To Sell Commercial Paper Conduits Maximum | 29,400,000,000 | 18,400,000,000 | 5,700,000,000 | 5,300,000,000 | ' | ' | ' | 5,400,000,000 | ' | ' | ' | ' |
Commitment To Sell Commercial Paper Conduits Current | 24,500,000,000 | ' | ' | ' | ' | ' | ' | 5,000,000,000 | ' | ' | ' | ' |
Commitment To Sell Commercial Paper Conduits Utilized | $14,700,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments and Hedging Activities Income Effect of Derivative Financial Instruments (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Derivative [Line Items] | ' | ' | ' |
Maximum Length of Time Hedged in Cash Flow Hedge | '2 years | ' | ' |
Automotive [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recorded in OCI | $317 | ($371) | ($100) |
Gain/(Loss) Reclassified from AOCI to Income | -80 | -377 | 119 |
Gain/(Loss) Recognized in Income | -3 | 1 | -3 |
Automotive [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | -110 | -207 | -404 |
Automotive [Member] | Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | -26 | -138 | 20 |
Automotive [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | -84 | -65 | -423 |
Automotive [Member] | Not Designated as Hedging Instrument [Member] | Other - warrants [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | 0 | -4 | -1 |
Financial Services [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | -658 | 228 | 433 |
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | 614 | -212 | -463 |
Financial Services [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest rate contracts [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | 210 | 193 | 187 |
Net interest settlements and accruals excluded from the assessment of hedge effectiveness | 254 | 177 | 217 |
Ineffectiveness | -44 | 16 | -30 |
Financial Services [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | -100 | -315 | 9 |
Financial Services [Member] | Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | 21 | -70 | -48 |
Financial Services [Member] | Not Designated as Hedging Instrument [Member] | Interest rate contracts [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | -33 | -14 | -5 |
Financial Services [Member] | Not Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | -88 | -150 | -3 |
Financial Services [Member] | Not Designated as Hedging Instrument [Member] | Other [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Gain/(Loss) Recognized in Income | $0 | ($81) | $65 |
Balance_Sheet_Effect_of_Deriva
Balance Sheet Effect of Derivative Financial Instruments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Fair Value of Assets | $1,200 | ' |
Automotive [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 30,843 | 28,742 |
Fair Value of Assets | 580 | 241 |
Fair Value of Liabilities | 418 | 610 |
Automotive [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 14,605 | 11,079 |
Fair Value of Assets | 167 | 91 |
Fair Value of Liabilities | 229 | 253 |
Automotive [Member] | Foreign currency exchange contracts [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 11,599 | 9,225 |
Fair Value of Assets | 144 | 68 |
Fair Value of Liabilities | 210 | 129 |
Automotive [Member] | Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 3,006 | 1,854 |
Fair Value of Assets | 23 | 23 |
Fair Value of Liabilities | 19 | 124 |
Automotive [Member] | Cash Flow Hedging [Member] | Foreign currency exchange contracts [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 16,238 | 17,663 |
Fair Value of Assets | 413 | 150 |
Fair Value of Liabilities | 189 | 357 |
Financial Services [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 93,671 | 91,057 |
Fair Value of Assets | 585 | 1,300 |
Fair Value of Liabilities | 506 | 381 |
Financial Services [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 74,893 | 74,303 |
Fair Value of Assets | 225 | 513 |
Fair Value of Liabilities | 327 | 373 |
Financial Services [Member] | Foreign currency exchange contracts [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 2,410 | 2,378 |
Fair Value of Assets | 1 | 9 |
Fair Value of Liabilities | 25 | 8 |
Financial Services [Member] | Interest rate contracts [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 69,863 | 68,919 |
Fair Value of Assets | 224 | 504 |
Fair Value of Liabilities | 126 | 248 |
Financial Services [Member] | Cross-currency interest rate swap contracts [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 2,620 | 3,006 |
Fair Value of Assets | 0 | 0 |
Fair Value of Liabilities | 176 | 117 |
Financial Services [Member] | Fair Value Hedging [Member] | Interest rate contracts [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Balance Sheet Effect of Derivative Instruments [Abstract] | ' | ' |
Notional | 18,778 | 16,754 |
Fair Value of Assets | 360 | 787 |
Fair Value of Liabilities | $179 | $8 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments and Hedging Activities Counterparty Risk and Collateral (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Derivative [Line Items] | ' | ' |
Fair Value of Assets | $1,200 | ' |
Automotive [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair Value of Assets | 580 | 241 |
Fair Value of Liabilities | 418 | 610 |
Fair value of assets not offset but are eligible for offsetting | -359 | -218 |
Fair value of liabilities not offset but are eligible for offsetting | -359 | -218 |
Net Amount | 221 | 23 |
Net Amount | 59 | 392 |
Derivative asset instruments, increase (decrease) in adjustment for non-performance risk | -1 | -1 |
Derivative liability instruments, increase (decrease) in adjustment for non-performance risk | -1 | -1 |
Financial Services [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Fair Value of Assets | 585 | 1,300 |
Fair Value of Liabilities | 506 | 381 |
Fair value of assets not offset but are eligible for offsetting | -296 | -222 |
Fair value of liabilities not offset but are eligible for offsetting | -296 | -222 |
Net Amount | 289 | 1,078 |
Net Amount | 210 | 159 |
Derivative asset instruments, increase (decrease) in adjustment for non-performance risk | 2 | -14 |
Derivative liability instruments, increase (decrease) in adjustment for non-performance risk | ($25) | ($5) |
Redeemable_Noncontrolling_Inte2
Redeemable Noncontrolling Interest (Details) (USD $) | 4 Months Ended | 12 Months Ended | 36 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 01, 2018 |
Redeemable Noncontrolling Interest [Roll Forward] | ' | ' | ' |
Ending balance | $322 | $331 | ' |
Auto Alliance International [Member] | ' | ' | ' |
Redeemable Noncontrolling Interest [Line Items] | ' | ' | ' |
Noncontrolling Interest, Ownership Percentage by Parent | ' | 50.00% | ' |
Redeemable Non Controlling Interest Exercise Price | ' | 339 | ' |
Business Acquisition Period Redeemable Noncontrolling Interest Exercised | ' | ' | '3 years |
Redeemable Noncontrolling Interest [Roll Forward] | ' | ' | ' |
Beginning balance | 319 | 322 | ' |
Accretion of redemption value of noncontrolling interest | 3 | 9 | ' |
Ending balance | $322 | $331 | ' |
Auto Alliance International [Member] | Mazda [Member] | ' | ' | ' |
Redeemable Noncontrolling Interest [Line Items] | ' | ' | ' |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | ' | 50.00% | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income/(Loss) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Foreign currency transaction | ' | ' | ' | ' |
Other comprehensive income/(loss), net of tax | ' | ($506) | $142 | ($720) |
Derivative instruments | ' | ' | ' | ' |
Other comprehensive income/(loss), net of tax | ' | 215 | 6 | -152 |
Pension and other postretirement benefits | ' | ' | ' | ' |
Other comprehensive income/(loss), net of tax | ' | 4,914 | -4,268 | -3,553 |
Net holding gain/(loss) | ' | ' | ' | ' |
Total AOCI ending balance | ' | -18,231 | -22,854 | ' |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest [Abstract] | ' | ' | ' | ' |
Foreign currency transaction losses attributable to noncontrolling interests | ' | ' | ' | 2 |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | ' | -147 | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Parent [Abstract] | ' | ' | ' | ' |
Net gain/(loss) on foreign currency translation, tax | ' | -53 | 0 | 2 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax, Portion Attributable to Parent [Abstract] | ' | ' | ' | ' |
Net gain/(loss) on derivative instruments, tax | ' | 141 | -115 | -29 |
Reclassifications to net income, tax | ' | 41 | 115 | -38 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax, Portion Attributable to Parent [Abstract] | ' | ' | ' | ' |
Prior service cost arising during the period, tax | ' | 0 | -1 | -35 |
Net gain/(loss) arising during the period, tax | ' | 1,883 | -2,238 | -1,461 |
Amortization of prior service cost included in net income, tax | ' | -21 | -100 | -183 |
Amortization of gain/(loss) included in net income, tax | ' | 653 | 404 | 69 |
Parent [Member] | ' | ' | ' | ' |
Foreign currency transaction | ' | ' | ' | ' |
Beginning balance | ' | -1,241 | -1,383 | -665 |
Net gain/(loss) on foreign currency translation | ' | -617 | 157 | -697 |
Reclassifications to net income | -103 | 111 | -15 | -21 |
Other comprehensive income/(loss), net of tax | ' | -506 | 142 | -718 |
Ending balance | ' | -1,747 | -1,241 | -1,383 |
Derivative instruments | ' | ' | ' | ' |
Beginning balance | ' | -175 | -181 | -29 |
Net gain/(loss) on derivative instruments | ' | 176 | -256 | -71 |
Reclassifications to net income | ' | 39 | 262 | -81 |
Other comprehensive income/(loss), net of tax | ' | 215 | 6 | -152 |
Ending balance | ' | 40 | -175 | -181 |
Pension and other postretirement benefits | ' | ' | ' | ' |
Beginning balance | ' | -21,438 | -17,170 | -13,617 |
Prior service cost arising during the period | ' | 2 | -31 | 56 |
Net gain/(loss) arising during the period | ' | 3,521 | -4,693 | -4,229 |
Amortization of prior service cost included in net income | ' | -24 | -164 | -40 |
Amortization of (gain)/loss included in net income | ' | 1,445 | 812 | 631 |
Translation impact on non-U.S. plans | ' | -30 | -192 | 29 |
Other comprehensive income/(loss), net of tax | ' | 4,914 | -4,268 | -3,553 |
Ending balance | ' | -16,524 | -21,438 | -17,170 |
Net holding gain/(loss) | ' | ' | ' | ' |
Beginning balance | ' | 0 | 0 | -2 |
Reclassifications to net income | ' | 0 | 0 | 2 |
Ending balance | ' | 0 | 0 | 0 |
Total AOCI ending balance | ' | ($18,231) | ($22,854) | ($18,734) |
Other_Income_and_Loss_Details
Other Income and Loss (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Income and Loss [Abstract] | ' | ' | ' |
Interest Income | $213 | $342 | $471 |
Gains (Losses) on Extinguishment of Debt | -19 | -14 | -128 |
Total | 974 | 1,599 | 1,091 |
Total | 348 | 365 | 375 |
Automotive [Member] | ' | ' | ' |
Other Income and Loss [Abstract] | ' | ' | ' |
Interest Income | 163 | 272 | 387 |
Realized and unrealized gains/(losses) on cash equivalents and marketable securities | 190 | 85 | -77 |
Gains/(Losses) on changes in investments in affiliates | -113 | 594 | 436 |
Gains (Losses) on Extinguishment of Debt | -18 | 0 | -60 |
Royalty income | 577 | 414 | 266 |
Other | 175 | 234 | 139 |
Total | 974 | 1,599 | 1,091 |
Financial Services [Member] | ' | ' | ' |
Other Income and Loss [Abstract] | ' | ' | ' |
Interest Income | 50 | 70 | 84 |
Realized and unrealized gains/(losses) on cash equivalents and marketable securities | 0 | 16 | 15 |
Gains/(Losses) on changes in investments in affiliates | 5 | -8 | 51 |
Gains (Losses) on Extinguishment of Debt | -1 | -14 | -68 |
Insurance premiums earned | 119 | 105 | 100 |
Other | 175 | 196 | 193 |
Total | $348 | $365 | $375 |
ShareBased_Compensation_Detail
Share-Based Compensation (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
LTIP 2008 [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Percent Of Share Based Award Available For Grant In Succeeding Calendar Year | 2.00% | ' | ' |
Percent Of Share Based Award Available For Grant Limit On Increase | 3.00% | ' | ' |
Number of unused share-based awards carried forward | 217,000,000 | ' | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Requisite Performance Period | '1 year | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '2 years | ' | ' |
Stock activity rollforward | ' | ' | ' |
Outstanding, beginning of year (in shares) | 18,200,000 | ' | ' |
Granted (in shares) | 10,800,000 | ' | ' |
Vested (in shares) | -7,700,000 | ' | ' |
Forfeited (in shares) | -1,000,000 | ' | ' |
Outstanding, end of year (in shares) | 20,300,000 | 18,200,000 | ' |
RSU-stock expected to vest (in shares) | 20,000,000 | ' | ' |
Outstanding, beginning of year (weighted-average grant date fair value) | $13.18 | ' | ' |
Granted (weighted-average grant-date fair value) | $12.77 | ' | ' |
Vested (weighted-average grant-date fair value) | $13.11 | ' | ' |
Forfeited (weighted-average grant-date fair value) | $12.52 | ' | ' |
Outstanding, end of year (weighted-average grant date fair value) | $13.11 | $13.18 | ' |
Outstanding, end of year (Aggregate Intrinsic Value) | $313 | ' | ' |
RSU-stock expected to vest (Aggregate Intrinsic Value) | 309 | ' | ' |
Fair Value Disclosures [Abstract] | ' | ' | ' |
Granted | 138 | 102 | 123 |
Weighted average for multiple grant dates (per unit) | 12.77 | 12.43 | 14.47 |
Vested | 101 | 109 | 141 |
Intrinsic Value [Abstract] | ' | ' | ' |
Vested | 119 | 329 | 478 |
Compensation cost for RSU-stock [Abstract] | ' | ' | ' |
Compensation cost | 81 | 62 | 84 |
Tax benefit from compensation expense | 48 | 36 | 49 |
Unrealized compensation cost on non-vested stock | 58 | ' | ' |
Unrealized compensation weighted average period non-vested stock | '1 year 9 months 22 days | ' | ' |
Compensation Cost for Stock Options [Abstract] | ' | ' | ' |
Compensation cost | 81 | 62 | 84 |
Tax benefit from compensation expense | 48 | 36 | 49 |
Unrealized compensation cost on non-vested stock | 58 | ' | ' |
Unrealized compensation weighted average period non-vested stock | '1 year 9 months 22 days | ' | ' |
Employee Stock Option [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Stock Option Expiration Period, from Date of Grant | '10 years | ' | ' |
Compensation cost for RSU-stock [Abstract] | ' | ' | ' |
Compensation cost | 18 | 26 | 30 |
Tax benefit from compensation expense | 11 | 16 | 17 |
Unrealized compensation cost on non-vested stock | 10 | ' | ' |
Unrealized compensation weighted average period non-vested stock | '1 year 8 months 15 days | ' | ' |
Stock Option Activity [Abstract] | ' | ' | ' |
Outstanding, beginning of year (in shares) | 108,000,000 | 144,400,000 | ' |
Granted (in shares) | 5,900,000 | 6,400,000 | ' |
Exercised (in shares) | -33,100,000 | -7,600,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | -1,600,000 | -35,200,000 | ' |
Forfeited (in shares) | -100,000 | 0 | ' |
Outstanding, end of year (in shares) | 79,100,000 | 108,000,000 | 144,400,000 |
Exercisable, end of year (in shares) | 67,600,000 | 96,500,000 | ' |
Outstanding, beginning of year (weighted-average exercise price) | $9.14 | $10.63 | ' |
Granted (weighted-average exercise price) | $12.76 | $12.43 | ' |
Exercised (weighted-average exercise price) | $9.76 | $5.70 | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | $8.26 | $16.59 | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price | $12.80 | $0 | ' |
Outstanding, end of year (weighted-average exercise price) | $9.17 | $9.14 | $10.63 |
Exercisable, end of year (weighted-average exercise price) | $8.53 | $8.67 | ' |
Stock option plans, exercise price, lower range | $1.96 | $1.96 | ' |
Stock option plans, exercise price, upper range | $16.49 | $12.49 | ' |
Fair Value [Abstract] | ' | ' | ' |
Fair value of vested options | 41 | 37 | 36 |
Vested (in shares) | 67,600,000 | ' | ' |
Vested weighted average exercise price (dollars per share) | 8.53 | ' | ' |
Average remaining term | '3 years 7 months 10 days | ' | ' |
Stock options expected to vest | 11,300,000 | ' | ' |
Weighted average exercise price expected to vest (dollars per share) | 12.89 | ' | ' |
Average remaining term after forfeitures | '8 years 7 months 10 days | ' | ' |
Intrinsic Value of Stock Options [Abstract] | ' | ' | ' |
Intrinsic value of vested options | 466 | ' | ' |
Intrinsic value of unvested options (after forfeitures) | 28 | ' | ' |
Cash received from exercise of stock options | 323 | ' | ' |
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options | 11 | ' | ' |
New stock issuances to settle exercised options | 511 | ' | ' |
Difference between fair value and shares issued | 188 | 44 | 54 |
Compensation Cost for Stock Options [Abstract] | ' | ' | ' |
Compensation cost | 18 | 26 | 30 |
Tax benefit from compensation expense | 11 | 16 | 17 |
Unrealized compensation cost on non-vested stock | $10 | ' | ' |
Unrealized compensation weighted average period non-vested stock | '1 year 8 months 15 days | ' | ' |
Nonvested Options Roll Forward [Abstract] | ' | ' | ' |
Non-vested, beginning of year (in shares) | 11,500,000 | ' | ' |
Granted (in shares) | 5,900,000 | ' | ' |
Vested (in shares) | -5,800,000 | ' | ' |
Non-vested, end of year (in shares) | 11,500,000 | 11,500,000 | ' |
Non-vested, beginning of year (weighted-average grant-date fair value) | $6.79 | ' | ' |
Granted (weighted-average grant-date fair value) | $5.03 | $5.88 | $8.48 |
Vested (weighted-average grant-date fair value) | $7.04 | ' | ' |
Forfeited (weighted-average grant-date fair value) | $5.30 | ' | ' |
Non-vested, end of year (weighted-average grant-date fair value) | $5.78 | $6.79 | ' |
Assumptions [Abstract] | ' | ' | ' |
Annualized dividend yield | 3.00% | 2.00% | 0.00% |
Expected volatility | 52.20% | 53.80% | 53.20% |
Risk free interest rate | 1.50% | 1.60% | 3.20% |
Expected stock option term (in years) | '7 years 8 months | '7 years 2 months | '7 years 1 month |
Outstanding Options (in shares) | 79,100,000 | ' | ' |
Exercisable Options (in shares) | 67,600,000 | ' | ' |
Stock Option Plan Exercise Range 1 [Member] | Employee Stock Option [Member] | ' | ' | ' |
Assumptions [Abstract] | ' | ' | ' |
Outstanding Options (in shares) | 15,500,000 | ' | ' |
Outstanding Options (weighted-average life (years)) | '5 years 2 months | ' | ' |
Outstanding Options (weighted-average exercise price) | $2.16 | ' | ' |
Exercisable Options (in shares) | 15,500,000 | ' | ' |
Exercisable Options (weighted-average exercise price) | $2.16 | ' | ' |
Stock Option Plan Exercise Range 2 [Member] | Employee Stock Option [Member] | ' | ' | ' |
Assumptions [Abstract] | ' | ' | ' |
Outstanding Options (in shares) | 23,200,000 | ' | ' |
Outstanding Options (weighted-average life (years)) | '3 years 1 month | ' | ' |
Outstanding Options (weighted-average exercise price) | $7.29 | ' | ' |
Exercisable Options (in shares) | 23,200,000 | ' | ' |
Exercisable Options (weighted-average exercise price) | $7.29 | ' | ' |
Stock Option Plan Exercise Range 3 [Member] | Employee Stock Option [Member] | ' | ' | ' |
Assumptions [Abstract] | ' | ' | ' |
Outstanding Options (in shares) | 29,100,000 | ' | ' |
Outstanding Options (weighted-average life (years)) | '5 years 3 months | ' | ' |
Outstanding Options (weighted-average exercise price) | $12.58 | ' | ' |
Exercisable Options (in shares) | 19,100,000 | ' | ' |
Exercisable Options (weighted-average exercise price) | $12.56 | ' | ' |
Stock Option Plan Exercise Range 4 [Member] | Employee Stock Option [Member] | ' | ' | ' |
Assumptions [Abstract] | ' | ' | ' |
Outstanding Options (in shares) | 11,300,000 | ' | ' |
Outstanding Options (weighted-average life (years)) | '2 years 9 months 18 days | ' | ' |
Outstanding Options (weighted-average exercise price) | $13.86 | ' | ' |
Exercisable Options (in shares) | 9,800,000 | ' | ' |
Exercisable Options (weighted-average exercise price) | $13.71 | ' | ' |
Employee_Separation_Actions_an2
Employee Separation Actions and Exit and Disposal Activities (Details) (Ford Europe [Member], Facility Closing [Member], USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2013 |
Ford Europe [Member] | Facility Closing [Member] | ' | ' | ' | ' |
Business Restructuring - Europe [Abstract] | ' | ' | ' | ' |
Pension-related expenses | ' | ' | ' | $180 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 0 |
Change in accruals | ' | ' | ' | 607 |
Payments | ' | ' | ' | -131 |
Foreign Currency Translation | ' | ' | ' | 21 |
Ending Balance | 497 | ' | ' | 497 |
Restructuring and Related Cost, Total Expected Cost, Excluding Pension | 113 | 215 | 430 | 1,000 |
Restructuring And Related Cost, Total Expected Cost, Pension | ' | ' | ' | $200 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
quarters | |||
Income before income taxes, excluding equity in net results of affilaited companies accounted for after-tax | ' | ' | ' |
U.S. | $6,523,000,000 | $6,639,000,000 | $6,043,000,000 |
Non-U.S. | -591,000,000 | 493,000,000 | 2,138,000,000 |
Total | 5,932,000,000 | 7,132,000,000 | 8,181,000,000 |
Current | ' | ' | ' |
Federal | -19,000,000 | 4,000,000 | -4,000,000 |
Non-U.S. | 302,000,000 | 270,000,000 | 298,000,000 |
State and local | -40,000,000 | 3,000,000 | -24,000,000 |
Total current | 243,000,000 | 277,000,000 | 270,000,000 |
Deferred | ' | ' | ' |
Federal | -200,000,000 | 2,076,000,000 | -9,785,000,000 |
Non-U.S. | 321,000,000 | -126,000,000 | -1,590,000,000 |
State and local | -511,000,000 | -171,000,000 | -436,000,000 |
Total deferred expense (benefit) | -390,000,000 | 1,779,000,000 | -11,811,000,000 |
Total | -147,000,000 | 2,056,000,000 | -11,541,000,000 |
Reconciliation of effective rate | ' | ' | ' |
U.S. statutory rate | 35.00% | 35.00% | 35.00% |
Non-U.S. tax rates under U.S. rates | -1.50% | -1.60% | -1.50% |
State and local income taxes | 1.00% | 0.20% | 1.10% |
General business credits | -5.90% | 0.30% | -1.90% |
Dispositions and restructurings | -26.00% | -1.70% | 6.80% |
U.S. tax on non-U.S. earnings | -2.00% | -1.00% | -0.80% |
Prior year settlements and claims | -0.20% | -1.80% | -0.20% |
Tax-related interest | -0.20% | 0.00% | -0.90% |
Tax exempt income | -5.90% | -3.90% | -3.90% |
Enacted Change in tax rates | 3.00% | 1.70% | -0.10% |
Valuation allowances | -0.80% | 1.60% | -172.30% |
Other | 1.00% | 0.00% | -2.40% |
Effective rate | -2.50% | 28.80% | -141.10% |
Deferred Federal Income Tax Expense (Benefit) Under American Taxpayer Relief Act of 2012 | -233,000,000 | ' | ' |
Undistributed Foreign Earnings | 6,900,000,000 | ' | ' |
Undistributed Foreign Earnings, Deferred Taxes Not Provided | 7,500,000,000 | ' | ' |
Undistributed Foreign Earnings, Potential Deferred Tax liability | 1,000,000,000 | ' | ' |
Period of Cumulative Profitability | '3 years | ' | ' |
Consecutive Quarters of Pretax Operating Profits | 10 | ' | ' |
Deferred tax assets | ' | ' | ' |
Employee benefit plans | 4,907,000,000 | 8,079,000,000 | ' |
Net operating loss carryforwards | 2,364,000,000 | 2,417,000,000 | ' |
Tax credit carryforwards | 5,675,000,000 | 4,973,000,000 | ' |
Research expenditures | 2,236,000,000 | 2,321,000,000 | ' |
Dealer and customer allowances and claims | 2,106,000,000 | 1,820,000,000 | ' |
Other foreign deferred tax assets | 1,567,000,000 | 1,790,000,000 | ' |
Allowance for credit losses | 143,000,000 | 146,000,000 | ' |
All other | 2,736,000,000 | 1,176,000,000 | ' |
Total gross deferred tax assets | 21,734,000,000 | 22,722,000,000 | ' |
Less: valuation allowance | -1,633,000,000 | -1,923,000,000 | ' |
Total net deferred tax assets | 20,101,000,000 | 20,799,000,000 | ' |
Deferred tax liabilities | ' | ' | ' |
Leasing transactions | 1,138,000,000 | 1,145,000,000 | ' |
Deferred income | 2,075,000,000 | 2,094,000,000 | ' |
Depreciation and amortization (excluding leasing transactions) | 2,430,000,000 | 1,561,000,000 | ' |
Finance receivables | 723,000,000 | 616,000,000 | ' |
Other foreign deferred tax liabilities | 311,000,000 | 379,000,000 | ' |
All other | 707,000,000 | 289,000,000 | ' |
Total deferred tax liabilities | 7,384,000,000 | 6,084,000,000 | ' |
Net deferred tax assets/(liabilities) | 12,717,000,000 | 14,715,000,000 | ' |
Narrative [Abstract] | ' | ' | ' |
Operating Loss Carryforwards Not Subject to Expiration | 7,600,000,000 | ' | ' |
Net operating loss carryforwards | 2,364,000,000 | 2,417,000,000 | ' |
Tax Credit Carryforwards | 5,700,000,000 | ' | ' |
Tax Credit Carryforward, Remaining Carryforward Period | '10 years | ' | ' |
Reconciliation of Unrecognized Tax Benefits [Roll Forward] | ' | ' | ' |
Beginning balance | 1,547,000,000 | 1,721,000,000 | ' |
Increase - tax positions in prior periods | 128,000,000 | 84,000,000 | ' |
Increase - tax positions in current period | 45,000,000 | 19,000,000 | ' |
Decrease - tax positions in prior periods | -24,000,000 | -246,000,000 | ' |
Settlements | -79,000,000 | -31,000,000 | ' |
Lapse of statute of limitations | -54,000,000 | -14,000,000 | ' |
Foreign current translation adjustment | 1,000,000 | 14,000,000 | ' |
Ending balance | 1,564,000,000 | 1,547,000,000 | 1,721,000,000 |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 1,200,000,000 | 1,200,000,000 | ' |
Unrecognized Tax Benefits Interest Income | 11,000,000 | 9,000,000 | 77,000,000 |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 83,000,000 | 137,000,000 | ' |
Europe [Member] | ' | ' | ' |
Reconciliation of effective rate | ' | ' | ' |
Deferred Tax Asset Related to Dispositions and Restructuring | 1,500,000,000 | ' | ' |
Foreign Subsidiaries [Member] | ' | ' | ' |
Reconciliation of effective rate | ' | ' | ' |
Increase/(Decrease) in Deferred Tax Liabilities, Undistributed Foreign Earnings | 63,000,000 | ' | ' |
South America [Member] | ' | ' | ' |
Narrative [Abstract] | ' | ' | ' |
Operating Loss Carryforwards, Valuation Allowance | 1,600,000,000 | ' | ' |
OperatingLossCarryforward [Member] | ' | ' | ' |
Narrative [Abstract] | ' | ' | ' |
Operating Loss Carryforwards Not Subject to Expiration | $4,200,000,000 | ' | ' |
Dispositions_Other_Changes_in_2
Dispositions, Other Changes in Investments in Affiliates, and Assets Held for Sale (Details) (USD $) | 12 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jun. 30, 2012 | Jun. 30, 2012 | Jan. 02, 2013 | Mar. 31, 2013 | Sep. 03, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 01, 2012 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Nov. 29, 2012 | Nov. 29, 2012 | Nov. 29, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Nov. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 |
Saline [Member] | Sandusky [Member] | Ford Romania SA [Member] | Ford Romania SA [Member] | Auto Alliance International [Member] | Auto Alliance International [Member] | Auto Alliance International [Member] | Auto Alliance International [Member] | Auto Alliance International [Member] | Parent [Member] | Parent [Member] | Parent [Member] | Parent [Member] | Mazda [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Changan Ford Mazda Automobile Corporation, Ltd [Member] | Changan Ford Mazda Automobile Corporation, Ltd [Member] | Changan Ford Mazda Automobile Corporation, Ltd [Member] | Changan Ford Automobile Corp, Ltd [Member] | Changan Ford Automobile Corp, Ltd [Member] | Changan Ford Automobile Corp, Ltd [Member] | Changan Ford Automobile Corp, Ltd [Member] | Changan Mazda Automobile Ltd [Member] | Changan Mazda Automobile Ltd [Member] | Changan Mazda Automobile Ltd [Member] | Sollers OJSC [Member] | Jiangling Motors Corp., Ltd [Member] | Jiangling Motors Corp., Ltd [Member] | Jiangling Motors Corp., Ltd [Member] | Ford Romania SA [Member] | Ford Romania SA [Member] | Ford Romania SA [Member] | Consumer [Member] | Automotive [Member] | ||||
Auto Alliance International [Member] | Asia Pacific [Member] | Asia Pacific [Member] | Mazda [Member] | Chongqing Changan Automobile Co Ltd [Member] | Chongqing Changan Automobile Co Ltd [Member] | Mazda [Member] | Chongqing Changan Automobile Co Ltd [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Ford Sollers [Member] | ||||||||||||||||||||||||||||||||
Dispositions [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pre-tax loss | ' | ' | ' | $96 | $77 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual Obligations | ' | ' | ' | 182 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 84,011 | 73,057 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual obligation | ' | ' | ' | ' | 15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,257 | 1,386 | ' | 14,994 | 17,745 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign exchange translation (gain)/loss on sale or liquidation, before tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72 | 60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Investments in Affiliates [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment Increase/(Decrease) in Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' |
Increase/(Decrease) in Equity Method Investments. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48 | ' | ' | ' | ' | ' | ' | ' |
Foreign Currency Translation Loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 103 | -111 | 15 | 21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | 15.00% | 50.00% | ' | 50.00% | ' | 50.00% | ' | 50.00% | 50.00% | 50.00% | ' | 32.00% | ' | 100.00% | 100.00% | ' | ' | 50.00% |
Fair Value Inputs, Discount Rate | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition Percentage of Assets And Liabilities Measured And Recorded | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | ' | ' | ' | ' | ' | 48 | ' | ' | ' | ' | ' | 868 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Purchase Price Allocation [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | ' | 9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Receivables | ' | ' | ' | ' | ' | 119 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventories | ' | ' | ' | ' | ' | 70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment | ' | ' | ' | ' | ' | 927 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other assets | ' | ' | ' | ' | ' | 112 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | ' | ' | ' | ' | ' | 1,237 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trade payables | ' | ' | ' | ' | ' | 232 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other liabilities | ' | ' | ' | ' | ' | 76 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt | ' | ' | ' | ' | ' | 881 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total liabilities | ' | ' | ' | ' | ' | 1,189 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in net assets of affiliated companies | 3,679 | 3,246 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,546 | 3,112 | ' | 133 | 134 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 535 | 419 | 63 | 0 | 63 | ' | ' |
Pre-tax gain/(loss) | -113 | 780 | ' | ' | ' | ' | -15 | ' | 155 | ' | ' | ' | ' | ' | ' | ' | ' | -113 | 780 | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeemable noncontrolling interest | 331 | 322 | ' | ' | ' | ' | ' | ' | ' | 331 | 322 | 319 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition date fair value | ' | ' | ' | ' | ' | ' | ' | 549 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Historical carrying value of equity investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 115 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of interest received | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 740 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pre-tax gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 625 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | ' | -187 | 421 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -183 | 410 | ' | -4 | 11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 401 |
Assets Held For Sale [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Sale of Loans Held-for-sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 495 | ' |
Gain (Loss) on Sale of Notes Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6 | ' |
Other Expenses Related to the Sale of Finance Receivables | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56 | ' |
Receivables Held-for-sale, Net Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3 | ' |
Capital_Stock_and_Amounts_Per_2
Capital Stock and Amounts Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||
Share data in Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Nov. 02, 2013 | 4-May-13 | Jan. 02, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Nov. 02, 2013 | 4-May-13 | Jan. 02, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 09, 2014 |
United Auto Workers Voluntary Employees Beneficiary Association Trust Secured Debt [Member] | Convertible 2016 Notes [Member] | Convertible 2016 Notes [Member] | Convertible 2016 Notes [Member] | Convertible 2016 Notes [Member] | Convertible 2016 Notes [Member] | Convertible 2016 Notes [Member] | Convertible 2036 Notes [Member] | Convertible 2036 Notes [Member] | Convertible 2036 Notes [Member] | Convertible 2036 Notes [Member] | Convertible 2036 Notes [Member] | Convertible 2036 Notes [Member] | Convertible Debt Trust Preferred Securities [Member] | Convertible Debt Trust Preferred Securities [Member] | Convertible Debt Trust Preferred Securities [Member] | Common Stock [Member] | Class B Stock [Member] | Subsequent Event [Member] | ||||||||||||
Capital Stock And Amounts Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Voting Power Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | 40.00% | ' |
First Liquidation Right Amount Available For Distribution Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.5 | ' | ' |
Second Liquidation Right Amount Available For Distribution Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' |
Third Liquidation Right Amount Available For Distribution Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.5 | ' | ' |
Dividend Reinvestment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common and Class B stock, per share dividend declared | ' | ' | ' | ' | ' | ' | ' | ' | $0.40 | $0.15 | $0.05 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.13 |
Effect of Dividend on Convertible Notes [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Cash Paid | $0.10 | $0.10 | $0.10 | $0.10 | ' | ' | ' | ' | $0.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.25% | ' | ' | ' | ' | ' | 4.25% | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Conversion Ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 112.8203 | 111.5339 | 109.8554 | ' | ' | ' | 114.0466 | 112.7462 | 111.0495 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument Convertible Principal Amount Used For Conversion Ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | ' | ' | ' | ' | ' | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Basic and Diluted Income Attributable to Ford Motor Company [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic income | 3,039,000,000 | 1,272,000,000 | 1,233,000,000 | 1,611,000,000 | 1,598,000,000 | 1,631,000,000 | 1,040,000,000 | 1,396,000,000 | 7,155,000,000 | 5,665,000,000 | 20,213,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effect of dilutive Convertible Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,000,000 | 46,000,000 | 64,000,000 | ' | ' | ' | 1,000,000 | 2,000,000 | 2,000,000 | 0 | 0 | 40,000,000 | ' | ' | ' |
Diluted income | ' | ' | ' | ' | ' | ' | ' | ' | $7,201,000,000 | $5,713,000,000 | $20,319,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic and Diluted Shares [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic shares (average shares outstanding) | ' | ' | ' | ' | ' | ' | ' | ' | 3,935 | 3,815 | 3,793 | 9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net dilutive options and warrants | ' | ' | ' | ' | ' | ' | ' | ' | 51 | 101 | 187 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dilutive Convertible Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 98 | 96 | 95 | ' | ' | ' | 3 | 3 | 3 | 0 | 0 | 33 | ' | ' | ' |
Diluted shares | ' | ' | ' | ' | ' | ' | ' | ' | 4,087 | 4,015 | 4,111 | 53 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of warrants exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock shares issued from warrant exercise | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 106 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating_Cash_Flows_Details
Operating Cash Flows (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income attributable to Ford Motor Company | $3,039 | $1,272 | $1,233 | $1,611 | $1,598 | $1,631 | $1,040 | $1,396 | $7,155 | $5,665 | $20,213 |
Depreciation and special tools amortization | ' | ' | ' | ' | ' | ' | ' | ' | 6,504 | 5,486 | 4,717 |
Other amortization net of reclassification | ' | ' | ' | ' | ' | ' | ' | ' | -48 | -282 | -461 |
Provision for credit and insurance losses | ' | ' | ' | ' | ' | ' | ' | ' | 210 | 83 | -34 |
Net (gain)/loss on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | 19 | 14 | 128 |
Net (gain)/loss on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | -190 | -105 | 82 |
Loss on retiree lump-sum payments | ' | ' | ' | ' | ' | ' | ' | ' | 594 | ' | ' |
Income/(Loss) from Equity Method Investments, Net of Dividends or Distributions | ' | ' | ' | ' | ' | ' | ' | ' | -529 | 20 | -169 |
Foreign currency adjustments | ' | ' | ' | ' | ' | ' | ' | ' | 228 | -116 | -37 |
Net (gain)/loss on sale of business | ' | ' | ' | ' | ' | ' | ' | ' | ' | 187 | -421 |
Gain on changes in investments in affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 113 | -780 | ' |
Stock compensation | ' | ' | ' | ' | ' | ' | ' | ' | 159 | 140 | 171 |
Increase (Decrease) in Operating Capital [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for deferred income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -861 | 1,989 | -11,071 |
Decrease/(Increase) in intersector receivables/payables | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Decrease/(Increase) in accounts receivable and other assets | ' | ' | ' | ' | ' | ' | ' | ' | -1,969 | -2,497 | -1,942 |
Decrease/(Increase) in inventory | ' | ' | ' | ' | ' | ' | ' | ' | -572 | -1,401 | -367 |
Increase/(Decrease) in accounts payable and accrued and other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | -595 | -554 | -1,599 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 872 | 460 | 576 |
Net cash provided by/(used in) operating activities | ' | ' | ' | ' | ' | ' | ' | ' | 10,444 | 9,045 | 9,784 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest paid | ' | ' | ' | ' | ' | ' | ' | ' | 3,501 | 3,696 | 4,369 |
Income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 538 | 344 | 268 |
Automotive [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to Ford Motor Company | ' | ' | ' | ' | ' | ' | ' | ' | 5,755 | 4,466 | 18,447 |
Depreciation and special tools amortization | ' | ' | ' | ' | ' | ' | ' | ' | 4,064 | 3,655 | 3,533 |
Other amortization net of reclassification | ' | ' | ' | ' | ' | ' | ' | ' | 110 | 43 | 80 |
Provision for credit and insurance losses | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 6 | 2 |
Net (gain)/loss on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | 18 | 0 | 60 |
Net (gain)/loss on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | -190 | -89 | 76 |
Loss on retiree lump-sum payments | ' | ' | ' | ' | ' | ' | ' | ' | 594 | ' | ' |
Income/(Loss) from Equity Method Investments, Net of Dividends or Distributions | ' | ' | ' | ' | ' | ' | ' | ' | -529 | 20 | -169 |
Foreign currency adjustments | ' | ' | ' | ' | ' | ' | ' | ' | 227 | -121 | -35 |
Net (gain)/loss on sale of business | ' | ' | ' | ' | ' | ' | ' | ' | ' | 183 | -410 |
Gain on changes in investments in affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 113 | -780 | ' |
Stock compensation | ' | ' | ' | ' | ' | ' | ' | ' | 152 | 134 | 163 |
Increase (Decrease) in Operating Capital [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for deferred income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -494 | 1,444 | -11,566 |
Decrease/(Increase) in intersector receivables/payables | ' | ' | ' | ' | ' | ' | ' | ' | -136 | 899 | 642 |
Decrease/(Increase) in accounts receivable and other assets | ' | ' | ' | ' | ' | ' | ' | ' | -1,401 | -2,335 | -1,658 |
Decrease/(Increase) in inventory | ' | ' | ' | ' | ' | ' | ' | ' | -572 | -1,401 | -367 |
Increase/(Decrease) in accounts payable and accrued and other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | -1,332 | -520 | -168 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 1,357 | 662 | 738 |
Net cash provided by/(used in) operating activities | ' | ' | ' | ' | ' | ' | ' | ' | 7,738 | 6,266 | 9,368 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest paid | ' | ' | ' | ' | ' | ' | ' | ' | 746 | 693 | 1,012 |
Financial Services [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to Ford Motor Company | ' | ' | ' | ' | ' | ' | ' | ' | 1,400 | 1,199 | 1,766 |
Depreciation and special tools amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,440 | 1,831 | 1,184 |
Other amortization net of reclassification | ' | ' | ' | ' | ' | ' | ' | ' | -158 | -325 | -541 |
Provision for credit and insurance losses | ' | ' | ' | ' | ' | ' | ' | ' | 208 | 77 | -36 |
Net (gain)/loss on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 14 | 68 |
Net (gain)/loss on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -16 | 6 |
Loss on retiree lump-sum payments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Income/(Loss) from Equity Method Investments, Net of Dividends or Distributions | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Foreign currency adjustments | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 5 | -2 |
Net (gain)/loss on sale of business | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | -11 |
Gain on changes in investments in affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' |
Stock compensation | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 6 | 8 |
Increase (Decrease) in Operating Capital [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for deferred income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -367 | 545 | 495 |
Decrease/(Increase) in intersector receivables/payables | ' | ' | ' | ' | ' | ' | ' | ' | 136 | -899 | -642 |
Decrease/(Increase) in accounts receivable and other assets | ' | ' | ' | ' | ' | ' | ' | ' | -568 | -162 | -284 |
Decrease/(Increase) in inventory | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Increase/(Decrease) in accounts payable and accrued and other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | 737 | -34 | -1,431 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | -485 | -202 | -162 |
Net cash provided by/(used in) operating activities | ' | ' | ' | ' | ' | ' | ' | ' | 3,352 | 2,043 | 418 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest paid | ' | ' | ' | ' | ' | ' | ' | ' | 2,755 | 3,003 | 3,357 |
Intersector [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Operating Capital [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash provided by/(used in) operating activities | ' | ' | ' | ' | ' | ' | ' | ' | $11,090 | $8,309 | $9,786 |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | $139,369 | $126,567 | $128,168 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 7,548 | 6,992 | 7,437 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 146,917 | 133,559 | 135,605 |
Income before income taxes | 968 | 2,091 | 1,819 | 2,123 | 1,841 | 2,246 | 1,595 | 2,038 | 7,001 | 7,720 | 8,681 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 6,504 | 5,486 | 4,717 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 10 | 12 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 3,689 | 3,828 | 4,431 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 213 | 342 | 471 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 6,597 | 5,488 | 4,293 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 1,069 | 588 | 500 |
Total assets | 202,026 | ' | ' | ' | 189,406 | ' | ' | ' | 202,026 | 189,406 | 177,386 |
Automotive [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | 35,575 | 33,857 | 36,079 | 33,858 | 34,467 | 30,247 | 31,328 | 30,525 | 139,369 | 126,567 | 128,168 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 5,329 | 6,010 | 6,250 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 4,064 | 3,655 | 3,533 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 10 | 12 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 829 | 713 | 817 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 163 | 272 | 387 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 6,566 | 5,459 | 4,272 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 1,046 | 555 | 479 |
Total assets | 90,326 | ' | ' | ' | 86,458 | ' | ' | ' | 90,326 | 86,458 | 78,786 |
Automotive [Member] | Ford North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 88,907 | 79,943 | 75,022 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 8,781 | 8,343 | 6,191 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,128 | 1,964 | 1,769 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 9 | 9 | 9 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 100 | 72 | 60 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 3,754 | 3,150 | 2,164 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 127 | 127 | 179 |
Total assets | 59,038 | ' | ' | ' | 51,699 | ' | ' | ' | 59,038 | 51,699 | 46,038 |
Automotive [Member] | Ford South America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 10,844 | 10,080 | 10,976 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -34 | 213 | 861 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 272 | 256 | 265 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 2 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 756 | 668 | 581 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total assets | 7,056 | ' | ' | ' | 6,819 | ' | ' | ' | 7,056 | 6,819 | 6,878 |
Automotive [Member] | Ford Europe [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 27,882 | 26,546 | 33,758 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -1,609 | -1,753 | -27 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1,312 | 1,132 | 1,225 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 0 | 0 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 1,277 | 1,112 | 1,034 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 125 | 113 | 61 |
Total assets | 15,264 | ' | ' | ' | 20,305 | ' | ' | ' | 15,264 | 20,305 | 19,737 |
Automotive [Member] | Ford Asia Pacific Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 11,736 | 9,998 | 8,412 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 415 | -77 | -92 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 352 | 303 | 274 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | 1 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 0 | 0 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 779 | 529 | 493 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 794 | 315 | 239 |
Total assets | 8,968 | ' | ' | ' | 7,635 | ' | ' | ' | 8,968 | 7,635 | 6,133 |
Automotive [Member] | Other Automotive [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -656 | -470 | -601 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 829 | 713 | 817 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 53 | 200 | 327 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total assets | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 |
Automotive [Member] | Special Items [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -1,568 | -246 | -82 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total assets | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 |
Financial Services [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | 1,995 | 1,918 | 1,844 | 1,791 | 1,781 | 1,744 | 1,709 | 1,758 | 7,548 | 6,992 | 7,437 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 1,672 | 1,710 | 2,431 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,440 | 1,831 | 1,184 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 2,860 | 3,115 | 3,614 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 50 | 70 | 84 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 31 | 29 | 21 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 23 | 33 | 21 |
Total assets | 115,057 | ' | ' | ' | 105,012 | ' | ' | ' | 115,057 | 105,012 | 100,612 |
Financial Services [Member] | Ford Credit [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 7,805 | 7,189 | 7,662 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 1,756 | 1,697 | 2,404 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,422 | 1,806 | 1,154 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 2,730 | 3,027 | 3,507 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 50 | 69 | 83 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 18 | 15 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 23 | 33 | 21 |
Total assets | 115,608 | ' | ' | ' | 104,596 | ' | ' | ' | 115,608 | 104,596 | 99,280 |
Financial Services [Member] | Other Financial Services [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 192 | 267 | 337 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -84 | 13 | 27 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 18 | 25 | 30 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 130 | 88 | 107 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 1 | 1 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 15 | 11 | 6 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total assets | 5,679 | ' | ' | ' | 7,698 | ' | ' | ' | 5,679 | 7,698 | 8,634 |
Financial Services [Member] | Elims [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | -449 | -464 | -562 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total assets | -6,230 | ' | ' | ' | -7,282 | ' | ' | ' | -6,230 | -7,282 | -7,302 |
Intersector [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 203,752 | ' | ' | ' | 191,218 | ' | ' | ' | 203,752 | 191,218 | ' |
Intersector [Member] | Elims [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Depreciation and tooling amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest Income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Cash outflow for capital spending | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in net income/(loss) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total assets | ($3,357) | ' | ' | ' | ($2,064) | ' | ' | ' | ($3,357) | ($2,064) | ($2,012) |
Geographic_Information_Details
Geographic Information (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Geographic Information [Line Items] | ' | ' | ' |
Revenues | $146,917 | $133,559 | $135,605 |
Long-Lived Assets | 46,216 | 38,830 | 32,891 |
United States | ' | ' | ' |
Geographic Information [Line Items] | ' | ' | ' |
Revenues | 85,459 | 76,055 | 70,839 |
Long-Lived Assets | 28,276 | 22,986 | 18,514 |
United Kingdom | ' | ' | ' |
Geographic Information [Line Items] | ' | ' | ' |
Revenues | 10,038 | 9,208 | 9,479 |
Long-Lived Assets | 1,503 | 1,668 | 1,721 |
Canada | ' | ' | ' |
Geographic Information [Line Items] | ' | ' | ' |
Revenues | 9,729 | 9,470 | 9,415 |
Long-Lived Assets | 3,154 | 2,580 | 2,424 |
Germany | ' | ' | ' |
Geographic Information [Line Items] | ' | ' | ' |
Revenues | 8,600 | 8,005 | 8,493 |
Long-Lived Assets | 2,635 | 2,719 | 2,996 |
Mexico | ' | ' | ' |
Geographic Information [Line Items] | ' | ' | ' |
Revenues | 1,992 | 1,818 | 1,920 |
Long-Lived Assets | 1,910 | 1,990 | 1,419 |
All Other | ' | ' | ' |
Geographic Information [Line Items] | ' | ' | ' |
Revenues | 31,099 | 29,003 | 35,459 |
Long-Lived Assets | $8,738 | $6,887 | $5,817 |
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 24 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | |
Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Automotive [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Financial Services [Member] | Ford Europe [Member] | Ford Europe [Member] | Ford Europe [Member] | Changan Ford Automobile Corp, Ltd [Member] | U.S. Plans | U.S. Plans | U.S. Plans | U.S. Plans | U.S. Plans | U.S. Plans | Facility Closing [Member] | Facility Closing [Member] | Facility Closing [Member] | Facility Closing [Member] | ||||||||||||
Automotive [Member] | Automotive [Member] | Automotive [Member] | Ford Europe [Member] | Ford Europe [Member] | Ford Europe [Member] | Ford Europe [Member] | |||||||||||||||||||||||||||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | $139,369,000,000 | $126,567,000,000 | $128,168,000,000 | $35,575,000,000 | $33,857,000,000 | $36,079,000,000 | $33,858,000,000 | $34,467,000,000 | $30,247,000,000 | $31,328,000,000 | $30,525,000,000 | $139,369,000,000 | $126,567,000,000 | $128,168,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $27,882,000,000 | $26,546,000,000 | $33,758,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 613,000,000 | 1,728,000,000 | 1,368,000,000 | 1,620,000,000 | 1,422,000,000 | 1,858,000,000 | 1,148,000,000 | 1,582,000,000 | ' | ' | ' | 355,000,000 | 363,000,000 | 451,000,000 | 503,000,000 | 419,000,000 | 388,000,000 | 447,000,000 | 456,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 7,548,000,000 | 6,992,000,000 | 7,437,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,995,000,000 | 1,918,000,000 | 1,844,000,000 | 1,791,000,000 | 1,781,000,000 | 1,744,000,000 | 1,709,000,000 | 1,758,000,000 | 7,548,000,000 | 6,992,000,000 | 7,437,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income before income taxes | 968,000,000 | 2,091,000,000 | 1,819,000,000 | 2,123,000,000 | 1,841,000,000 | 2,246,000,000 | 1,595,000,000 | 2,038,000,000 | 7,001,000,000 | 7,720,000,000 | 8,681,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 5,329,000,000 | 6,010,000,000 | 6,250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,672,000,000 | 1,710,000,000 | 2,431,000,000 | -1,609,000,000 | -1,753,000,000 | -27,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
AMOUNTS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to Ford Motor Company | 3,039,000,000 | 1,272,000,000 | 1,233,000,000 | 1,611,000,000 | 1,598,000,000 | 1,631,000,000 | 1,040,000,000 | 1,396,000,000 | 7,155,000,000 | 5,665,000,000 | 20,213,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 5,755,000,000 | 4,466,000,000 | 18,447,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000,000 | 1,199,000,000 | 1,766,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common and Class B per share from income from continuing operations before cumulative effects of changes in accounting principles [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0.77 | $0.32 | $0.31 | $0.41 | $0.42 | $0.43 | $0.27 | $0.37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diluted | $0.74 | $0.31 | $0.30 | $0.40 | $0.40 | $0.41 | $0.26 | $0.35 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Material unusual or infrequently occurring items: [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost, Total Expected Cost, Excluding Pension | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 113,000,000 | 215,000,000 | 430,000,000 | 1,000,000,000 |
Settlement Losses | ' | ' | ' | ' | ' | ' | ' | ' | 594,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 594,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 155,000,000 | 145,000,000 | 294,000,000 | 594,000,000 | 250,000,000 | 844,000,000 | ' | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | 2,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pre-tax gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $625,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Loss Contingency [Abstract] | ' | ' |
Loss contingency estimate | $2,900,000,000 | ' |
Warranty [Abstract] | ' | ' |
Product warranty reserve, beginning balance | 3,656,000,000 | 3,915,000,000 |
Payments made during the period | -2,302,000,000 | -2,254,000,000 |
Changes in accrual related to warranties issued during the period | 2,025,000,000 | 1,885,000,000 |
Changes in accrual related to pre-existing warranties | 625,000,000 | 49,000,000 |
Foreign currency translation and other | -77,000,000 | 61,000,000 |
Product warranty reserve, ending balance | 3,927,000,000 | 3,656,000,000 |
Affiliated Entity [Member] | ' | ' |
Guarantees [Abstract] | ' | ' |
Maximum potential payments | 659,000,000 | 1,073,000,000 |
Carrying value of recorded liabilities related to guarantees and indemnifications | $5,000,000 | $17,000,000 |
Schedule_of_Valuation_and_Qual1
Schedule of Valuation and Qualifying Accounts (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of period | $2,731 | $2,474 | $17,009 |
Charged to costs and expenses | -110 | 411 | -14,299 |
Deductions | 201 | 154 | 236 |
Balance at end of period | 2,420 | 2,731 | 2,474 |
Credit losses [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of period | 435 | 570 | 984 |
Charged to costs and expenses | 152 | 2 | -115 |
Deductions | 182 | 137 | 299 |
Balance at end of period | 405 | 435 | 570 |
Doubtful receivables [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of period | 106 | 110 | 116 |
Charged to costs and expenses | 33 | 13 | -69 |
Deductions | 19 | 17 | -63 |
Balance at end of period | 120 | 106 | 110 |
Inventories (primarily service part obsolescence) [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of period | 267 | 249 | 245 |
Charged to costs and expenses | -5 | 18 | 4 |
Deductions | 0 | 0 | 0 |
Balance at end of period | 262 | 267 | 249 |
Deferred tax assets [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at beginning of period | 1,923 | 1,545 | 15,664 |
Charged to costs and expenses | -290 | 378 | -14,119 |
Deductions | 0 | 0 | 0 |
Balance at end of period | 1,633 | 1,923 | 1,545 |
Valuation Allowance Of Deferred Tax Assets Recognized In Accumulated Other Comprehensive Income Loss [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Charged to costs and expenses | -243 | 264 | 0 |
Valuation Allowance of Deferred Tax Assets Recognized in Income Statement [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Charged to costs and expenses | ($47) | $114 | ($14,100) |