Ford Motor Credit (FCZ) 10-Q 28 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document shares in Millions	3 Months Ended
	Mar. 31, 2016USD ($)shares
Entity Registrant Name	FORD MOTOR CREDIT CO LLC
Entity Central Index Key	38,009
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding | shares	0
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float | $	$ 0
Membership Interests Description	All of the limited liability company interests in the registrant (“Shares”) are held by an affiliate of the registrant. None of the Shares are publicly traded.

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Financing revenue
Operating leases	$ 1,318	$ 1,120
Retail Financing	736	685
Dealer Financing	440	374
Other	12	18
Total financing revenue	2,506	2,197
Depreciation on vehicles subject to operating leases	(1,014)	(816)
Interest expense	(646)	(638)
Net financing margin	846	743
Other revenue
Insurance premiums earned	39	31
Other income, net	63	54
Total financing margin and other revenue	948	828
Expenses
Operating expenses	294	272
Provision for credit losses	128	67
Insurance expenses	12	6
Total expenses	434	345
Income before income taxes	514	483
Provision for income taxes	156	177
Net income	$ 358	$ 306

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 358	$ 306
Other comprehensive income/(loss), net of tax
Foreign currency translation	172	(482)
Total other comprehensive income/(loss), net of tax	172	(482)
Comprehensive income (loss)	530	(176)
Comprehensive income (loss) attributable to noncontrolling interest	0	1
Comprehensive income (loss) attributable to Ford Motor Credit Company	$ 530	$ (177)

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 10,350	$ 8,886
Marketable securities	4,872	2,723
Finance receivables, net	100,276	96,823
Net investment in operating leases	25,888	25,079
Notes and accounts receivable from affiliated companies	815	727
Derivative financial instruments	1,610	924
Other assets	2,363	2,286
Total assets	146,174	137,448
Liabilities
Customer deposits, dealer reserves, and other	1,185	1,104
Affiliated companies	460	313
Total accounts payable	1,645	1,417
Debt	127,434	119,601
Deferred income taxes	2,946	2,808
Derivative financial instruments	204	243
Other liabilities and deferred income	1,701	1,665
Total liabilities	133,930	125,734
Shareholder's interest
Shareholder's interest	5,227	5,227
Accumulated other comprehensive income	(435)	(607)
Retained earnings	7,451	7,093
Total shareholder's interest attributable to Ford Motor Credit Company	12,243	11,713
Shareholder's Interest Attributable to Noncontrolling Interest	1	1
Total Shareholder's Interest	12,244	11,714
Total liabilities and shareholder's interest	146,174	137,448
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash and cash equivalents	2,602	3,949
Finance receivables, net	50,035	45,902
Net investment in operating leases	13,273	13,309
Derivative financial instruments	51	85
Liabilities
Debt	43,258	43,086
Derivative financial instruments	$ 26	$ 19

Consolidated Statement of Share

Consolidated Statement of Shareholder's Interest - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Shareholder's Interest [Roll Forward]
Balance at beginning of period	$ 11,713	$ 11,367
Shareholder's Interest Attributable to Noncontrolling Interest	1	0
Total Shareholder's Interest	11,714	11,367
Net income	358	306
Net Income (Loss) Attributable to Noncontrolling Interest	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	358	306
Other Comprehensive Income (Loss), Net of Tax	172	(482)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	172	(483)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	0	1
Distributions	0	(28)
Balance at end of period	12,243	11,162
Shareholder's Interest Attributable to Noncontrolling Interest	1	1
Total Shareholder's Interest	12,244	11,163
Shareholder's Interest [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	5,227	5,227
Net income	0	0
Other Comprehensive Income (Loss), Net of Tax	0	0
Distributions	0	0
Balance at end of period	5,227	5,227
Accumulated Other Comprehensive Income/(Loss) [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	(607)	160
Net income	0	0
Other Comprehensive Income (Loss), Net of Tax	172	(483)
Distributions	0	0
Balance at end of period	(435)	(323)
Retained Earnings [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	7,093	5,980
Net income	358	306
Other Comprehensive Income (Loss), Net of Tax	0	0
Distributions	0	(28)
Balance at end of period	7,451	6,258
Parent [Member]
Shareholder's Interest [Roll Forward]
Distributions	0	(28)
Noncontrolling Interest [Member]
Shareholder's Interest [Roll Forward]
Distributions	$ 0	$ 0

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net income	$ 358	$ 306
Adjustments to reconcile net income to net cash provided by operations
Provision for credit losses	128	67
Depreciation and amortization	1,209	1,029
Amortization of upfront interest supplements	(297)	(258)
Net change in deferred income taxes	107	366
Net change in other assets	(99)	45
Net change in other liabilities	281	67
All other operating activities	116	96
Net cash provided by/(used in) operating activities	1,803	1,718
Cash flows from investing activities
Purchases of finance receivables (excluding wholesale and other)	(8,243)	(8,492)
Collections of finance receivables (excluding wholesale and other)	7,760	7,694
Purchases of operating lease vehicles	(3,558)	(3,109)
Liquidations of operating lease vehicles	1,913	1,557
Net change in wholesale receivables and other	(2,124)	(1,047)
Purchases of marketable securities	(2,582)	(4,550)
Proceeds from sales and maturities of marketable securities	453	1,542
Settlements of derivatives	(13)	43
All other investing activities	(60)	59
Net cash provided by/(used in) investing activities	(6,454)	(6,303)
Cash flows from financing activities
Proceeds from issuances of long-term debt	15,529	13,452
Principal payments on long-term debt	(9,216)	(7,908)
Change in short-term debt, net	(277)	519
Cash distributions to parent	0	(28)
All other financing activities	(44)	(36)
Net cash provided by/(used in) financing activities	5,992	5,999
Effect of exchange rate changes on cash and cash equivalents	123	(299)
Net increase/(decrease) in cash and cash equivalents	1,464	1,115
Cash and cash equivalents at January 1	8,886	6,179
Net increase/(decrease) in cash and cash equivalents	1,464	1,115
Cash and cash equivalents at March 31	$ 10,350	$ 7,294

Accounting Policies

Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information, and instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, these unaudited financial statements include all adjustments considered necessary for a fair statement of the results of operations and financial condition for interim periods for Ford Motor Credit Company LLC, its consolidated subsidiaries and consolidated VIEs in which Ford Motor Credit Company LLC is the primary beneficiary (collectively referred to herein as “Ford Credit,” “we,” “our,” or “us”). Results for interim periods should not be considered indicative of results for any other interim period or for the full year. Reference should be made to the financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2015 (“2015 Form 10-K Report”). We are an indirect, wholly owned subsidiary of Ford Motor Company (“Ford”). Provision for Income Taxes For interim tax reporting we estimate one single effective tax rate, which is applied to the year-to-date ordinary income/(loss). Tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur. Adoption of New Accounting Standards We adopted the following standards during 2016, none of which have a material impact to our financial statements or financial statement disclosures: Standard Effective Date 2015-16 Business Combinations - Simplifying the Accounting for Measurement-Period Adjustments January 1, 2016 2015-09 Insurance - Disclosures about Short-Duration Contracts January 1, 2016 2015-05 Internal-Use Software - Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement January 1, 2016 2015-02 Consolidation - Amendments to the Consolidation Analysis January 1, 2016 2015-01 Extraordinary and Unusual Items - Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items January 1, 2016 2014-12 Stock Compensation - Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period January 1, 2016 Accounting Standards Issued But Not Yet Adopted Accounting Standard Update (“ASU”) 2016-02, Leases . In February 2016, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard which provides guidance on the recognition, measurement, presentation and disclosure of leases. The new standard supersedes present U.S. GAAP guidance on leases and requires substantially all leases to be reported on the balance sheet as right-of-use assets and lease liabilities, as well as additional disclosures. The new standard is effective as of January 1, 2019, and early adoption is permitted. We are assessing the potential impact to our financial statements and disclosures. ASU 2014-09, Revenue - Revenue from Contracts with Customers. In May 2014, the FASB issued a new accounting standard that requires recognition of revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. The new standard supersedes U.S. GAAP guidance on revenue recognition and requires the use of more estimates and judgments than the present standards, as well as additional disclosures. The FASB has issued several updates to the standard which i) defer the original effective date from January 1, 2017 to January 1, 2018, while allowing for early adoption as of January 1, 2017 (ASU 2015-14); ii) clarify the application of the principal versus agent guidance (ASU 2016-08); and iii) clarify the guidance on inconsequential and perfunctory promises and licensing (ASU 2016-10). The new accounting standard will impact the timing of when certain arrangements are recognized as revenue as we move from a risk and rewards model to a control model. The new accounting standard is expected to have an impact to our income statement, balance sheet, and financial statement disclosures and we are reviewing our arrangements to evaluate the impact and method of adoption.

Cash, Cash Equivalents, and Mar

Cash, Cash Equivalents, and Marketable Securities	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES	CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES The following table categorizes the fair values of cash and cash equivalents and marketable securities measured at fair value on a recurring basis on our balance sheet (in millions): Fair Value Level March 31, December 31, 2015 Cash and cash equivalents U.S. government 1 $ 450 $ — U.S. government agencies 2 25 — Non-U.S. government and agencies 2 500 266 Corporate debt 2 50 — Total marketable securities classified as cash equivalents 1,025 266 Cash, time deposits and money market funds 9,325 8,620 Total cash and cash equivalents $ 10,350 $ 8,886 Marketable securities U.S. government 1 $ 1,594 $ 298 U.S. government agencies 2 1,746 1,169 Non-U.S. government and agencies 2 1,194 832 Corporate debt 2 294 384 Other marketable securities 2 44 40 Total marketable securities $ 4,872 $ 2,723

Finance Receivables

Finance Receivables	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Financing Receivables	FINANCE RECEIVABLES We segment finance receivables into “consumer” and “non-consumer” receivables. The receivables are generally secured by the vehicles, inventory, or other property being financed. Finance receivables, net were as follows (in millions): March 31, December 31, Consumer Retail financing, gross $ 63,185 $ 62,068 Unearned interest supplements from Ford and affiliated companies (2,231 ) (2,119 ) Consumer finance receivables 60,954 59,949 Non-Consumer Dealer financing 38,523 36,037 Other financing 1,209 1,210 Non-Consumer finance receivables 39,732 37,247 Total recorded investment $ 100,686 $ 97,196 Recorded investment in finance receivables $ 100,686 $ 97,196 Allowance for credit losses (410 ) (373 ) Finance receivables, net $ 100,276 $ 96,823 Net finance receivables subject to fair value (a) $ 98,286 $ 95,008 Fair value 99,678 96,180 __________ (a) At March 31, 2016 and December 31, 2015 , excludes $2.0 billion and $1.8 billion , respectively, of certain receivables (primarily direct financing leases) that are not subject to fair value disclosure requirements. The fair value of finance receivables is categorized within Level 3 of the hierarchy. Excluded from finance receivables at March 31, 2016 and December 31, 2015 was $219 million and $209 million, respectively, of accrued uncollected interest, which we report in Other assets on our balance sheet. Included in recorded investment in finance receivables at March 31, 2016 and December 31, 2015 were consumer receivables of $30.7 billion and $27.6 billion , respectively, and non-consumer receivables of $26.8 billion and $26.1 billion , respectively, that have been sold for legal purposes in securitization transactions but continue to be reported in our consolidated financial statements. 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 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 Note 6 for additional information). NOTE 3. FINANCE RECEIVABLES (Continued) 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 $16 million at March 31, 2016 and December 31, 2015 . The recorded investment of non-consumer receivables greater than 90 days past due and still accruing interest was $1 million at March 31, 2016 and December 31, 2015 . The aging analysis of finance receivables balances was as follows (in millions): March 31, December 31, Consumer 31-60 days past due $ 611 $ 708 61-90 days past due 81 108 91-120 days past due 27 27 Greater than 120 days past due 40 38 Total past due 759 881 Current 60,195 59,068 Consumer finance receivables 60,954 59,949 Non-Consumer Total past due 104 116 Current 39,628 37,131 Non-Consumer finance receivables 39,732 37,247 Total recorded investment $ 100,686 $ 97,196 Credit Quality Consumer Segment Credit quality ratings for consumer receivables are based on our aging analysis. 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 less costs to sell Non-Consumer Segment 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 NOTE 3. FINANCE RECEIVABLES (Continued) The credit quality analysis of our dealer financing receivables was as follows (in millions): March 31, December 31, Dealer financing Group I $ 29,334 $ 27,054 Group II 7,204 7,185 Group III 1,857 1,687 Group IV 128 111 Total recorded investment $ 38,523 $ 36,037 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 March 31, 2016 and December 31, 2015 was $373 million , or 0.6% of consumer receivables, and $375 million , or 0.6% of consumer receivables, respectively. The recorded investment of non-consumer receivables that were impaired at March 31, 2016 and December 31, 2015 was $149 million , or 0.4% of non-consumer receivables, and $134 million , or 0.4% of non-consumer receivables, respectively. Impaired finance receivables are evaluated both collectively and specifically. The accrual of revenue is discontinued at the time a receivable is determined to be uncollectible. 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. A restructuring of debt constitutes a TDR if we grant a concession to a debtor 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. Finance receivables involved in TDRs are specifically assessed for impairment.

Net Investment in Operating Lea

Net Investment in Operating Leases	3 Months Ended
	Mar. 31, 2016
Leases, Operating [Abstract]
NET INVESTMENT IN OPERATING LEASES	NET INVESTMENT IN OPERATING LEASES Net investment in operating leases consist primarily of lease contracts for vehicles with retail customers, daily rental companies, government entities, and fleet customers with terms of 60 months or less . Net investment in operating leases were as follows (in millions): March 31, December 31, Vehicles, at cost (a) $ 30,803 $ 29,673 Accumulated depreciation (4,862 ) (4,545 ) Net investment in operating leases before allowance for credit losses 25,941 25,128 Allowance for credit losses (53 ) (49 ) Net investment in operating leases $ 25,888 $ 25,079 __________ (a) Includes interest supplements and residual support payments we receive on certain leasing transactions under agreements with Ford and affiliated companies, and other vehicle acquisition costs. At March 31, 2016 and December 31, 2015 , net investment in operating leases before allowance for credit losses includes $13.3 billion of net investment in operating leases that have been included in securitization transactions but continue to be reported in our consolidated financial statements. These net investment in operating leases 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 our other obligations or the claims of our other creditors. We hold 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 Note 6 for additional information).

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2016
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
ALLOWANCE FOR CREDIT LOSSES	ALLOWANCE FOR CREDIT LOSSES An analysis of the allowance for credit losses related to finance receivables and net investment in operating leases for the periods ended March 31 (in millions) was as follows: First Quarter 2016 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 357 $ 16 $ 373 $ 49 $ 422 Charge-offs (102 ) 1 (101 ) (40 ) (141 ) Recoveries 29 1 30 19 49 Provision for credit losses 102 1 103 25 128 Other (a) 4 1 5 — 5 Ending balance $ 390 $ 20 $ 410 $ 53 $ 463 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 371 $ 13 $ 384 $ 53 $ 437 Specific impairment allowance 19 7 26 — 26 Ending balance 390 20 410 53 $ 463 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 60,581 39,583 100,164 25,941 Specifically evaluated for impairment 373 149 522 — Recorded investment 60,954 39,732 100,686 25,941 Ending balance, net of allowance for credit losses $ 60,564 $ 39,712 $ 100,276 $ 25,888 __________ (a) Primarily represents amounts related to translation adjustments. First Quarter 2015 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 305 $ 16 $ 321 $ 38 $ 359 Charge-offs (80 ) 1 (79 ) (30 ) (109 ) Recoveries 30 2 32 15 47 Provision for credit losses 53 (4 ) 49 18 67 Other (a) (7 ) (2 ) (9 ) — (9 ) Ending balance $ 301 $ 13 $ 314 $ 41 $ 355 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 280 $ 12 $ 292 $ 41 $ 333 Specific impairment allowance 21 1 22 — 22 Ending balance 301 13 314 41 $ 355 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 53,135 33,153 86,288 22,025 Specifically evaluated for impairment 396 128 524 — Recorded investment 53,531 33,281 86,812 22,025 Ending balance, net of allowance for credit losses $ 53,230 $ 33,268 $ 86,498 $ 21,984 __________ (a) Primarily represents amounts related to translation adjustments.

Transfers of Receivables

Transfers of Receivables	3 Months Ended
	Mar. 31, 2016
Transfers and Servicing [Abstract]
TRANSFERS OF RECEIVABLES	TRANSFERS OF RECEIVABLES We securitize finance receivables and net investment in operating leases through a variety of programs using amortizing, variable funding, and revolving structures. We also sell finance receivables in structured financing transactions. Due to the similarities between securitization and structured financing, we refer to structured financings as securitization transactions. Our securitization programs are targeted to institutional investors in both public and private transactions in capital markets including the United States, Canada, several European countries, Mexico, and China. We engage in securitization transactions to fund operations and to maintain liquidity. Our securitization transactions are recorded as asset-backed debt and the associated assets are not derecognized and continue to be included in our financial statements. The finance receivables sold for legal purposes and net investment in operating leases included in securitization transactions 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 our other obligations or the claims of our other creditors. We hold 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. The debt is the obligation of our consolidated securitization entities and not the obligation of Ford Credit or our other subsidiaries. Most of these securitization transactions utilize VIEs. See Note 7 for additional information concerning VIEs. The following tables show the assets and debt related to our securitization transactions that were included in our financial statements (in billions): March 31, 2016 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt (c) Before Allowance for Credit Losses Allowance for Credit Losses After Allowance for Credit Losses VIE (b) Retail financing $ 1.6 $ 24.2 $ 0.2 $ 24.0 $ 21.3 Wholesale financing 0.3 26.0 — 26.0 13.3 Finance receivables 1.9 50.2 0.2 50.0 34.6 Net investment in operating leases 0.7 13.3 — 13.3 8.7 Total VIE $ 2.6 $ 63.5 $ 0.2 $ 63.3 $ 43.3 Non-VIE Retail financing $ 0.4 $ 6.5 $ — $ 6.5 $ 6.0 Wholesale financing — 0.8 — 0.8 0.6 Finance receivables 0.4 7.3 — 7.3 6.6 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 7.3 $ — $ 7.3 $ 6.6 Total securitization transactions Retail financing $ 2.0 $ 30.7 $ 0.2 $ 30.5 $ 27.3 Wholesale financing 0.3 26.8 — 26.8 13.9 Finance receivables 2.3 57.5 0.2 57.3 41.2 Net investment in operating leases 0.7 13.3 — 13.3 8.7 Total securitization transactions $ 3.0 $ 70.8 $ 0.2 $ 70.6 $ 49.9 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs. NOTE 6. TRANSFERS OF RECEIVABLES (Continued) December 31, 2015 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt (c) Before Allowance for Credit Losses Allowance for Credit Losses After Allowance for Credit Losses VIE (b) Retail financing $ 1.4 $ 20.9 $ 0.1 $ 20.8 $ 18.9 Wholesale financing 2.0 25.1 — 25.1 15.3 Finance receivables 3.4 46.0 0.1 45.9 34.2 Net investment in operating leases 0.5 13.3 — 13.3 8.9 Total VIE $ 3.9 $ 59.3 $ 0.1 $ 59.2 $ 43.1 Non-VIE Retail financing $ 0.4 $ 6.7 $ — $ 6.7 $ 6.1 Wholesale financing — 1.0 — 1.0 0.8 Finance receivables 0.4 7.7 — 7.7 6.9 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 7.7 $ — $ 7.7 $ 6.9 Total securitization transactions Retail financing $ 1.8 $ 27.6 $ 0.1 $ 27.5 $ 25.0 Wholesale financing 2.0 26.1 — 26.1 16.1 Finance receivables 3.8 53.7 0.1 53.6 41.1 Net investment in operating leases 0.5 13.3 — 13.3 8.9 Total securitization transactions $ 4.3 $ 67.0 $ 0.1 $ 66.9 $ 50.0 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2016
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES VIEs of Which We Are the Primary Beneficiary We use special purpose entities to issue asset-backed securities in transactions to public and private investors. 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. NOTE 7. VARIABLE INTEREST ENTITIES (Continued) 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. See Note 6 for additional information on the financial position and financial performance of our VIEs. 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 Other assets. Our maximum exposure to any potential losses associated with this VIE is limited to our equity investment and amounted to $70 million and $66 million at March 31, 2016 and December 31, 2015, respectively.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2016
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 interest rates and foreign currency exchange rates. To manage these risks, we enter into highly effective derivative contracts. 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. Income Effect of Derivative Financial Instruments The gains/(losses), by hedge designation, recorded in income for the periods ended March 31 were as follows (in millions): First Quarter 2016 2015 Fair value hedges Interest rate contracts Net interest settlements and accruals excluded from the assessment of hedge effectiveness $ 99 $ 88 Ineffectiveness (a) 17 6 Derivatives not designated as hedging instruments Interest rate contracts (48 ) (43 ) Foreign currency exchange contracts 33 65 Cross-currency interest rate swap contracts 195 89 Total $ 296 $ 205 __________ (a) For the first quarter of 2016 and 2015, hedge ineffectiveness reflects the net change in fair value on derivatives of $610 million gain and $221 million gain, respectively, and change in value on hedged debt attributable to the change in benchmark interest rates of $593 million loss and $215 million loss, respectively. NOTE 8. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) Balance Sheet Effect of Derivative Financial Instruments Derivative assets and liabilities are recorded on the balance sheet at fair value and are presented on a gross basis. The notional amounts of the derivative instruments do not necessarily represent amounts exchanged by the parties and are not a direct measure of our financial exposure. We also enter into master agreements with counterparties that may allow for netting of exposure in the event of default or breach of the counterparty agreement. The fair value of our derivative instruments and the associated notional amounts, presented gross, were as follows (in millions): March 31, 2016 December 31, 2015 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 32,843 $ 1,184 $ — $ 28,964 $ 670 $ 16 Derivatives not designated as hedging instruments Interest rate contracts 65,538 182 159 62,638 159 112 Foreign currency exchange contracts (a) 2,138 49 8 1,713 22 4 Cross-currency interest rate swap contracts 3,701 195 37 3,137 73 111 Total derivative financial instruments, gross (b) $ 104,220 1,610 204 $ 96,452 924 243 Counterparty netting and collateral (c) (155 ) (155 ) (167 ) (167 ) Total derivative financial instruments, net $ 1,455 $ 49 $ 757 $ 76 __________ (a) Includes forward contracts between Ford Credit and an affiliated company. (b) All derivatives are categorized within Level 2 of the fair value hierarchy. (c) As of March 31, 2016 and December 31, 2015 , we did not receive or pledge any cash collateral.

Other Assets and Other Liabilit

Other Assets and Other Liabilities and Deferred Income	3 Months Ended
	Mar. 31, 2016
Other Assets and Other Liabilities and Deferred Income [Abstract]
OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED INCOME	OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED INCOME Other assets and other liabilities and deferred income consist of various balance sheet items that are combined for financial statement presentation due to their respective materiality compared with other individual asset and liability items. Other assets were as follows (in millions): March 31, December 31, Accrued interest and other non-finance receivables $ 753 $ 763 Collateral held for resale, at net realizable value 524 498 Prepaid reinsurance premiums and other reinsurance receivables 481 472 Property and equipment, net of accumulated depreciation (a) 150 142 Deferred charges – income taxes 142 135 Investment in non-consolidated affiliates 138 133 Restricted cash (b) 77 56 Deferred charges 72 63 Other 26 24 Total other assets $ 2,363 $ 2,286 __________ (a) Accumulated depreciation was $338 million and $335 million at March 31, 2016 and December 31, 2015 , respectively. (b) Restricted cash primarily includes 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. Other liabilities and deferred income were as follows (in millions): March 31, December 31, Interest payable $ 544 $ 553 Unearned insurance premiums 493 484 Tax related payables to Ford and affiliated companies 107 105 Unrecognized tax benefits 78 75 Other 479 448 Total other liabilities and deferred income $ 1,701 $ 1,665

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	DEBT Debt outstanding and interest rates were as follows (in millions): Interest Rates Debt Average Contractual Average Effective March 31, December 31, 2016 2015 2016 2015 Short-term debt Unsecured debt Floating rate demand notes $ 5,992 $ 5,926 Commercial paper 1,960 1,722 Other short-term debt 2,944 2,708 Asset-backed debt 1,064 1,855 Total short-term debt 11,960 12,211 1.8 % 1.6 % 1.8 % 1.6 % Long-term debt Unsecured debt Notes payable within one year 13,668 10,254 Notes payable after one year 52,151 48,672 Asset-backed debt (a) Notes payable within one year 20,231 18,855 Notes payable after one year 28,638 29,390 Unamortized discount (22 ) (25 ) Unamortized issuance costs (238 ) (214 ) Fair value adjustments (b) 1,046 458 Total long-term debt 115,474 107,390 2.4 % 2.3 % 2.5 % 2.4 % Total debt $ 127,434 $ 119,601 2.3 % 2.2 % 2.4 % 2.3 % Fair value of debt (c) $ 128,701 $ 120,546 __________ (a) Asset-backed debt issued in securitizations is the obligation of the consolidated securitization entity that issued the debt and is payable only out of collections on the underlying securitized assets and related enhancements. This asset-backed debt is not the obligation of Ford Credit or our other subsidiaries. (b) Adjustments related to designated fair value hedges of unsecured debt. (c) The fair value of debt includes $10.9 billion and $10.4 billion of short-term debt at March 31, 2016 and December 31, 2015, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Loss)	3 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) The changes in the balance of Accumulated Other Comprehensive Income/(Loss) (“AOCI”) attributable to Ford Credit for the periods ended March 31 were as follows (in millions): First Quarter 2016 2015 Foreign currency translation Beginning balance $ (607 ) $ 160 Net gain/(loss) on foreign currency translation 172 (483 ) Other comprehensive income/(loss), net of tax 172 (483 ) Ending balance $ (435 ) $ (323 ) Total AOCI ending balance at March 31 $ (435 ) $ (323 )

Other Income, Net

Other Income, Net	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME, NET Other income consists of various line items that are combined on the income statement due to their respective materiality compared with other individual income and expense items. The amounts included in Other income, net were as follows for the periods ended March 31 (in millions): First Quarter 2016 2015 Gains/(Losses) on derivatives $ 199 $ 115 Currency revaluation gains/(losses) (219 ) (151 ) Interest and investment income 28 25 Insurance fee income 21 16 Other 34 49 Total other income, net $ 63 $ 54

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We divide our business segments based on geographic regions: North America (“North America Segment”) and International (“International Segment”). The North America Segment includes our operations in the United States and Canada. The International Segment includes our operations in all other countries in which we do business directly and indirectly. Key operating data for our business segments for the periods ended or at March 31 were as follows (in millions): Unallocated/Eliminations North International Unallocated Adjustment to Total Unallocated/Eliminations Total First Quarter 2016 Total revenue (b) $ 2,202 $ 413 $ (7 ) $ — $ (7 ) $ 2,608 Income before income taxes 394 127 (7 ) — (7 ) 514 Other disclosures: Depreciation on vehicles subject to operating leases 1,008 6 — — — 1,014 Interest expense 503 143 — — — 646 Provision for credit losses 109 19 — — — 128 Net finance receivables and net investment in operating leases 105,958 25,872 — (5,666 ) (5,666 ) 126,164 Total assets 116,092 30,082 — — — 146,174 First Quarter 2015 Total revenue (b) $ 1,897 $ 410 $ (25 ) $ — $ (25 ) $ 2,282 Income before income taxes 379 129 (25 ) — (25 ) 483 Other disclosures: Depreciation on vehicles subject to operating leases 811 5 — — — 816 Interest expense 482 156 — — — 638 Provision for credit losses 55 12 — — — 67 Net finance receivables and net investment in operating leases 91,203 21,658 — (4,379 ) (4,379 ) 108,482 Total assets 100,692 25,683 — — — 126,375 __________ (a) Includes unearned interest supplements and residual support, allowances for credit losses, and other (primarily accumulated supplemental depreciation). (b) Represents Total financing revenue, Insurance premiums earned , and Other income, net .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments and contingencies primarily consist of lease commitments, guarantees and indemnifications, and litigation and claims. 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 a guarantee or indemnity, the amount of probable payment is recorded. In some cases, we have guaranteed debt and other financial obligations of outside third parties and unconsolidated affiliates, including Ford. Expiration dates vary, and guarantees will terminate on payment and/or cancellation of the underlying obligation. A payment by us would be triggered by failure of the guaranteed party to fulfill its obligation covered by the guarantee. In some circumstances, we are entitled to recover from Ford, an affiliate of Ford, or a 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. These indemnifications might include and are not limited to claims relating to any of the following: environmental, tax, and shareholder matters; intellectual property rights; governmental regulations and employment-related matters; dealer 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 under these guarantees and limited indemnities totaled $46 million and $80 million at March 31, 2016 and December 31, 2015 , respectively. Of these values, $40 million and $74 million at March 31, 2016 and December 31, 2015 , respectively, were counter-guaranteed by Ford to us. There were no recorded liabilities related to guarantees and limited indemnities at March 31, 2016 and December 31, 2015 . 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 governmental regulations; tax matters; alleged illegal acts resulting in fines or penalties; financial services; employment-related matters; dealer and other contractual relationships; personal injury matters; 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, sanctions, 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. We accrue for matters 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 that we will prevail, and the severity of any potential loss. We reevaluate and update our accruals as matters progress over time. NOTE 14. COMMITMENTS AND CONTINGENCIES (Continued) For nearly all of our matters, where our historical experience with similar matters is of limited value (i.e., “non-pattern matters”), we evaluate the 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. It is reasonably possible that some of the matters for which accruals have not been established could be decided unfavorably to us and could require us to pay damages or make other expenditures. We do not reasonably expect, based on our analysis, that such matters would have a material effect on future financial statements for a particular year, although such an outcome is possible . As noted, the litigation process is subject to many uncertainties, and the outcome of individual 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.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Basis of Accounting and Intercompany Transactions [Abstract]
Basis of Accounting and Intercompany Transactions [Policy Text Block]	The consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information, and instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X.
Income Tax Disclosure [Abstract]
Income Tax, Policy [Policy Text Block]	Provision for Income Taxes For interim tax reporting we estimate one single effective tax rate, which is applied to the year-to-date ordinary income/(loss). Tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur.
Loans and Leases Receivable Disclosure [Abstract]
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	The accrual of revenue is discontinued at the time a receivable is determined to be uncollectible. 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. A restructuring of debt constitutes a TDR if we grant a concession to a debtor 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. Finance receivables involved in TDRs are specifically assessed for impairment. 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 . 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.
Lease Policy [Abstract]
Lease, Policy [Policy Text Block]	Net investment in operating leases consist primarily of lease contracts for vehicles with retail customers, daily rental companies, government entities, and fleet customers with terms of 60 months or less .
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Policy [Policy Text Block]	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.
Commitments and Contingencies Disclosure [Abstract]
Guarantees and Indemnifications Policies [Policy Text Block]	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 a guarantee or indemnity, the amount of probable payment is recorded. For nearly all of our matters, where our historical experience with similar matters is of limited value (i.e., “non-pattern matters”), we evaluate the 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. We accrue for matters 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 that we will prevail, and the severity of any potential loss. We reevaluate and update our accruals as matters progress over time.

Cash, Cash Equivalents, and M22

Cash, Cash Equivalents, and Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following table categorizes the fair values of cash and cash equivalents and marketable securities measured at fair value on a recurring basis on our balance sheet (in millions): Fair Value Level March 31, December 31, 2015 Cash and cash equivalents U.S. government 1 $ 450 $ — U.S. government agencies 2 25 — Non-U.S. government and agencies 2 500 266 Corporate debt 2 50 — Total marketable securities classified as cash equivalents 1,025 266 Cash, time deposits and money market funds 9,325 8,620 Total cash and cash equivalents $ 10,350 $ 8,886 Marketable securities U.S. government 1 $ 1,594 $ 298 U.S. government agencies 2 1,746 1,169 Non-U.S. government and agencies 2 1,194 832 Corporate debt 2 294 384 Other marketable securities 2 44 40 Total marketable securities $ 4,872 $ 2,723

Finance Receivables (Tables)

Finance Receivables (Tables)	3 Months Ended
	Mar. 31, 2016
Financing Receivables [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Finance receivables, net were as follows (in millions): March 31, December 31, Consumer Retail financing, gross $ 63,185 $ 62,068 Unearned interest supplements from Ford and affiliated companies (2,231 ) (2,119 ) Consumer finance receivables 60,954 59,949 Non-Consumer Dealer financing 38,523 36,037 Other financing 1,209 1,210 Non-Consumer finance receivables 39,732 37,247 Total recorded investment $ 100,686 $ 97,196 Recorded investment in finance receivables $ 100,686 $ 97,196 Allowance for credit losses (410 ) (373 ) Finance receivables, net $ 100,276 $ 96,823 Net finance receivables subject to fair value (a) $ 98,286 $ 95,008 Fair value 99,678 96,180 __________ (a) At March 31, 2016 and December 31, 2015 , excludes $2.0 billion and $1.8 billion , respectively, of certain receivables (primarily direct financing leases) that are not subject to fair value disclosure requirements. The fair value of finance receivables is categorized within Level 3 of the hierarchy.
Schedule of Aging Analysis for Total Finance Receivables [Table Text Block]	The aging analysis of finance receivables balances was as follows (in millions): March 31, December 31, Consumer 31-60 days past due $ 611 $ 708 61-90 days past due 81 108 91-120 days past due 27 27 Greater than 120 days past due 40 38 Total past due 759 881 Current 60,195 59,068 Consumer finance receivables 60,954 59,949 Non-Consumer Total past due 104 116 Current 39,628 37,131 Non-Consumer finance receivables 39,732 37,247 Total recorded investment $ 100,686 $ 97,196
Commercial Portfolio Segment [Member]
Financing Receivables [Line Items]
Schedule of Financing Receivable Credit Quality Indicators [Table Text Block]	The credit quality analysis of our dealer financing receivables was as follows (in millions): March 31, December 31, Dealer financing Group I $ 29,334 $ 27,054 Group II 7,204 7,185 Group III 1,857 1,687 Group IV 128 111 Total recorded investment $ 38,523 $ 36,037

Net Investment in Operating L24

Net Investment in Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2016
Leases, Operating [Abstract]
Net investment in operating leases [Table Text Block]	Net investment in operating leases were as follows (in millions): March 31, December 31, Vehicles, at cost (a) $ 30,803 $ 29,673 Accumulated depreciation (4,862 ) (4,545 ) Net investment in operating leases before allowance for credit losses 25,941 25,128 Allowance for credit losses (53 ) (49 ) Net investment in operating leases $ 25,888 $ 25,079 __________ (a) Includes interest supplements and residual support payments we receive on certain leasing transactions under agreements with Ford and affiliated companies, and other vehicle acquisition costs.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Allowance for Credit Losses on Financing and Loans and Leases Receivable [Table Text Block]	An analysis of the allowance for credit losses related to finance receivables and net investment in operating leases for the periods ended March 31 (in millions) was as follows: First Quarter 2016 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 357 $ 16 $ 373 $ 49 $ 422 Charge-offs (102 ) 1 (101 ) (40 ) (141 ) Recoveries 29 1 30 19 49 Provision for credit losses 102 1 103 25 128 Other (a) 4 1 5 — 5 Ending balance $ 390 $ 20 $ 410 $ 53 $ 463 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 371 $ 13 $ 384 $ 53 $ 437 Specific impairment allowance 19 7 26 — 26 Ending balance 390 20 410 53 $ 463 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 60,581 39,583 100,164 25,941 Specifically evaluated for impairment 373 149 522 — Recorded investment 60,954 39,732 100,686 25,941 Ending balance, net of allowance for credit losses $ 60,564 $ 39,712 $ 100,276 $ 25,888 __________ (a) Primarily represents amounts related to translation adjustments. First Quarter 2015 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 305 $ 16 $ 321 $ 38 $ 359 Charge-offs (80 ) 1 (79 ) (30 ) (109 ) Recoveries 30 2 32 15 47 Provision for credit losses 53 (4 ) 49 18 67 Other (a) (7 ) (2 ) (9 ) — (9 ) Ending balance $ 301 $ 13 $ 314 $ 41 $ 355 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 280 $ 12 $ 292 $ 41 $ 333 Specific impairment allowance 21 1 22 — 22 Ending balance 301 13 314 41 $ 355 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 53,135 33,153 86,288 22,025 Specifically evaluated for impairment 396 128 524 — Recorded investment 53,531 33,281 86,812 22,025 Ending balance, net of allowance for credit losses $ 53,230 $ 33,268 $ 86,498 $ 21,984 __________ (a) Primarily represents amounts related to translation adjustments.

Transfers of Receivables (Table

Transfers of Receivables (Tables)	3 Months Ended
	Mar. 31, 2016
Transfers and Servicing [Abstract]
Schedule of Assets and Liabilities Related to Securitization Transactions [Table Text Block]	The following tables show the assets and debt related to our securitization transactions that were included in our financial statements (in billions): March 31, 2016 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt (c) Before Allowance for Credit Losses Allowance for Credit Losses After Allowance for Credit Losses VIE (b) Retail financing $ 1.6 $ 24.2 $ 0.2 $ 24.0 $ 21.3 Wholesale financing 0.3 26.0 — 26.0 13.3 Finance receivables 1.9 50.2 0.2 50.0 34.6 Net investment in operating leases 0.7 13.3 — 13.3 8.7 Total VIE $ 2.6 $ 63.5 $ 0.2 $ 63.3 $ 43.3 Non-VIE Retail financing $ 0.4 $ 6.5 $ — $ 6.5 $ 6.0 Wholesale financing — 0.8 — 0.8 0.6 Finance receivables 0.4 7.3 — 7.3 6.6 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 7.3 $ — $ 7.3 $ 6.6 Total securitization transactions Retail financing $ 2.0 $ 30.7 $ 0.2 $ 30.5 $ 27.3 Wholesale financing 0.3 26.8 — 26.8 13.9 Finance receivables 2.3 57.5 0.2 57.3 41.2 Net investment in operating leases 0.7 13.3 — 13.3 8.7 Total securitization transactions $ 3.0 $ 70.8 $ 0.2 $ 70.6 $ 49.9 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs. NOTE 6. TRANSFERS OF RECEIVABLES (Continued) December 31, 2015 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt (c) Before Allowance for Credit Losses Allowance for Credit Losses After Allowance for Credit Losses VIE (b) Retail financing $ 1.4 $ 20.9 $ 0.1 $ 20.8 $ 18.9 Wholesale financing 2.0 25.1 — 25.1 15.3 Finance receivables 3.4 46.0 0.1 45.9 34.2 Net investment in operating leases 0.5 13.3 — 13.3 8.9 Total VIE $ 3.9 $ 59.3 $ 0.1 $ 59.2 $ 43.1 Non-VIE Retail financing $ 0.4 $ 6.7 $ — $ 6.7 $ 6.1 Wholesale financing — 1.0 — 1.0 0.8 Finance receivables 0.4 7.7 — 7.7 6.9 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 7.7 $ — $ 7.7 $ 6.9 Total securitization transactions Retail financing $ 1.8 $ 27.6 $ 0.1 $ 27.5 $ 25.0 Wholesale financing 2.0 26.1 — 26.1 16.1 Finance receivables 3.8 53.7 0.1 53.6 41.1 Net investment in operating leases 0.5 13.3 — 13.3 8.9 Total securitization transactions $ 4.3 $ 67.0 $ 0.1 $ 66.9 $ 50.0 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs.

Derivative Financial Instrume27

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Income Effect of Derivative Financial Instruments [Table Text Block]	The gains/(losses), by hedge designation, recorded in income for the periods ended March 31 were as follows (in millions): First Quarter 2016 2015 Fair value hedges Interest rate contracts Net interest settlements and accruals excluded from the assessment of hedge effectiveness $ 99 $ 88 Ineffectiveness (a) 17 6 Derivatives not designated as hedging instruments Interest rate contracts (48 ) (43 ) Foreign currency exchange contracts 33 65 Cross-currency interest rate swap contracts 195 89 Total $ 296 $ 205 __________ (a) For the first quarter of 2016 and 2015, hedge ineffectiveness reflects the net change in fair value on derivatives of $610 million gain and $221 million gain, respectively, and change in value on hedged debt attributable to the change in benchmark interest rates of $593 million loss and $215 million loss, respectively.
Balance Sheet Effect of Derivative Financial Instruments [Table Text Block]	The fair value of our derivative instruments and the associated notional amounts, presented gross, were as follows (in millions): March 31, 2016 December 31, 2015 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 32,843 $ 1,184 $ — $ 28,964 $ 670 $ 16 Derivatives not designated as hedging instruments Interest rate contracts 65,538 182 159 62,638 159 112 Foreign currency exchange contracts (a) 2,138 49 8 1,713 22 4 Cross-currency interest rate swap contracts 3,701 195 37 3,137 73 111 Total derivative financial instruments, gross (b) $ 104,220 1,610 204 $ 96,452 924 243 Counterparty netting and collateral (c) (155 ) (155 ) (167 ) (167 ) Total derivative financial instruments, net $ 1,455 $ 49 $ 757 $ 76 __________ (a) Includes forward contracts between Ford Credit and an affiliated company. (b) All derivatives are categorized within Level 2 of the fair value hierarchy. (c) As of March 31, 2016 and December 31, 2015 , we did not receive or pledge any cash collateral.

Other Assets and Other Liabil28

Other Assets and Other Liabilities and Deferred Income (Tables)	3 Months Ended
	Mar. 31, 2016
Other Assets and Other Liabilities and Deferred Income [Abstract]
Schedule of Other Assets and Other Liabilities [Table Text Block]	Other assets were as follows (in millions): March 31, December 31, Accrued interest and other non-finance receivables $ 753 $ 763 Collateral held for resale, at net realizable value 524 498 Prepaid reinsurance premiums and other reinsurance receivables 481 472 Property and equipment, net of accumulated depreciation (a) 150 142 Deferred charges – income taxes 142 135 Investment in non-consolidated affiliates 138 133 Restricted cash (b) 77 56 Deferred charges 72 63 Other 26 24 Total other assets $ 2,363 $ 2,286 __________ (a) Accumulated depreciation was $338 million and $335 million at March 31, 2016 and December 31, 2015 , respectively. (b) Restricted cash primarily includes 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. Other liabilities and deferred income were as follows (in millions): March 31, December 31, Interest payable $ 544 $ 553 Unearned insurance premiums 493 484 Tax related payables to Ford and affiliated companies 107 105 Unrecognized tax benefits 78 75 Other 479 448 Total other liabilities and deferred income $ 1,701 $ 1,665

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt outstanding and interest rates were as follows (in millions): Interest Rates Debt Average Contractual Average Effective March 31, December 31, 2016 2015 2016 2015 Short-term debt Unsecured debt Floating rate demand notes $ 5,992 $ 5,926 Commercial paper 1,960 1,722 Other short-term debt 2,944 2,708 Asset-backed debt 1,064 1,855 Total short-term debt 11,960 12,211 1.8 % 1.6 % 1.8 % 1.6 % Long-term debt Unsecured debt Notes payable within one year 13,668 10,254 Notes payable after one year 52,151 48,672 Asset-backed debt (a) Notes payable within one year 20,231 18,855 Notes payable after one year 28,638 29,390 Unamortized discount (22 ) (25 ) Unamortized issuance costs (238 ) (214 ) Fair value adjustments (b) 1,046 458 Total long-term debt 115,474 107,390 2.4 % 2.3 % 2.5 % 2.4 % Total debt $ 127,434 $ 119,601 2.3 % 2.2 % 2.4 % 2.3 % Fair value of debt (c) $ 128,701 $ 120,546 __________ (a) Asset-backed debt issued in securitizations is the obligation of the consolidated securitization entity that issued the debt and is payable only out of collections on the underlying securitized assets and related enhancements. This asset-backed debt is not the obligation of Ford Credit or our other subsidiaries. (b) Adjustments related to designated fair value hedges of unsecured debt. (c) The fair value of debt includes $10.9 billion and $10.4 billion of short-term debt at March 31, 2016 and December 31, 2015, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income/(Loss) (Tables)	3 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The changes in the balance of Accumulated Other Comprehensive Income/(Loss) (“AOCI”) attributable to Ford Credit for the periods ended March 31 were as follows (in millions): First Quarter 2016 2015 Foreign currency translation Beginning balance $ (607 ) $ 160 Net gain/(loss) on foreign currency translation 172 (483 ) Other comprehensive income/(loss), net of tax 172 (483 ) Ending balance $ (435 ) $ (323 ) Total AOCI ending balance at March 31 $ (435 ) $ (323 )

Other Income, Net (Tables)

Other Income, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
Schedule of Other Income [Table Text Block]	The amounts included in Other income, net were as follows for the periods ended March 31 (in millions): First Quarter 2016 2015 Gains/(Losses) on derivatives $ 199 $ 115 Currency revaluation gains/(losses) (219 ) (151 ) Interest and investment income 28 25 Insurance fee income 21 16 Other 34 49 Total other income, net $ 63 $ 54

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Key operating data for our business segments for the periods ended or at March 31 were as follows (in millions): Unallocated/Eliminations North International Unallocated Adjustment to Total Unallocated/Eliminations Total First Quarter 2016 Total revenue (b) $ 2,202 $ 413 $ (7 ) $ — $ (7 ) $ 2,608 Income before income taxes 394 127 (7 ) — (7 ) 514 Other disclosures: Depreciation on vehicles subject to operating leases 1,008 6 — — — 1,014 Interest expense 503 143 — — — 646 Provision for credit losses 109 19 — — — 128 Net finance receivables and net investment in operating leases 105,958 25,872 — (5,666 ) (5,666 ) 126,164 Total assets 116,092 30,082 — — — 146,174 First Quarter 2015 Total revenue (b) $ 1,897 $ 410 $ (25 ) $ — $ (25 ) $ 2,282 Income before income taxes 379 129 (25 ) — (25 ) 483 Other disclosures: Depreciation on vehicles subject to operating leases 811 5 — — — 816 Interest expense 482 156 — — — 638 Provision for credit losses 55 12 — — — 67 Net finance receivables and net investment in operating leases 91,203 21,658 — (4,379 ) (4,379 ) 108,482 Total assets 100,692 25,683 — — — 126,375 __________ (a) Includes unearned interest supplements and residual support, allowances for credit losses, and other (primarily accumulated supplemental depreciation). (b) Represents Total financing revenue, Insurance premiums earned , and Other income, net .

Cash, Cash Equivalents, and M33

Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total cash and cash equivalents	$ 10,350	$ 8,886	$ 7,294	$ 6,179
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	1,025	266
Marketable securities	4,872	2,723
Investment Type [Member] | Fair Value, Estimate Not Practicable, Carrying (Reported) Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash, time deposits and money market funds	9,325	8,620
U.S. government | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	450	0
Marketable securities	1,594	298
U.S. government agencies | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	25	0
Marketable securities	1,746	1,169
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	500	266
Marketable securities	1,194	832
Corporate debt | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	50	0
Marketable securities	294	384
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	$ 44	$ 40

Finance Receivables, Net (Detai

Finance Receivables, Net (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Net Finance Receivables [Abstract]
Financing Receivables	$ 100,686	$ 97,196	$ 86,812
Allowance for credit losses	(410)	(373)	(314)	$ (321)
Finance receivables, net	100,276	96,823	86,498
Net finance receivables subject to fair value	98,286	95,008
Fair value	99,678	96,180
Finance receivables not subject to fair value	2,000	1,800
Other Assets on Statement of Financial Position [Member]
Net Finance Receivables [Abstract]
Uncollected interest receivable excluded from finance receivable	219	209
Consumer Portfolio Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivables	60,954	59,949	53,531
Allowance for credit losses	(390)	(357)	(301)	(305)
Finance receivables, net	60,564		53,230
Consumer Portfolio Segment [Member] | Securitization Transactions [Member]
Net Finance Receivables [Abstract]
Amount of finance receivables that secure certain debt obligations	30,700	27,600
Commercial Portfolio Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivables	39,732	37,247	33,281
Allowance for credit losses	(20)	(16)	(13)	$ (16)
Finance receivables, net	39,712		$ 33,268
Commercial Portfolio Segment [Member] | Securitization Transactions [Member]
Net Finance Receivables [Abstract]
Amount of finance receivables that secure certain debt obligations	26,800	26,100
Automobile Loan [Member] | Consumer Portfolio Segment [Member]
Net Finance Receivables [Abstract]
Finance receivables before unearned interest supplements	63,185	62,068
Unearned interest supplements from Ford and affiliated companies	(2,231)	(2,119)
Wholesale and Dealer Loans [Member] | Commercial Portfolio Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivables	38,523	36,037
Other Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivables	$ 1,209	$ 1,210

Finance Receivables - Aging Ana

Finance Receivables - Aging Analysis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [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
Number Of Days At Which Finance Receivables Are In Process Of Collection	90 days
Finance Receivables Aging Analysis [Abstract]
Financing Receivables	$ 100,686	$ 97,196	$ 86,812
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	16	16
Finance Receivables Aging Analysis [Abstract]
Total past due	759	881
Current	60,195	59,068
Financing Receivables	60,954	59,949	53,531
Consumer Portfolio Segment [Member] | 31-60 Days Past Due [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	611	708
Consumer Portfolio Segment [Member] | 61-90 Days Past Due [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	81	108
Consumer Portfolio Segment [Member] | 91-120 Days Past Due [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	27	27
Consumer Portfolio Segment [Member] | Greater Than 120 Days Past Due [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	40	38
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	1	1
Finance Receivables Aging Analysis [Abstract]
Total past due	104	116
Current	39,628	37,131
Financing Receivables	$ 39,732	$ 37,247	$ 33,281

Finance Receivables - Credit Qu

Finance Receivables - Credit Quality,Impaired Receivables, TDRs and Non-Accrual Status (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 100,686	$ 97,196	$ 86,812
Number of Days Past Due After Which Consumer Receivables are Considered Impaired	greater than 120 days past due
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term, in days, for credit quality rating	current to 60 days past due
Special Mention [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	61 days
Special Mention [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	120 days
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term, in days, for credit quality rating	greater than 120 days past due
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 60,954	59,949	53,531
Impaired Financing Receivable, Recorded Investment	$ 373	$ 375
Impaired Financing Receivable Recorded Investment, Percentage of Receivable	0.60%	0.60%
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 39,732	$ 37,247	$ 33,281
Impaired Financing Receivable, Recorded Investment	$ 149	$ 134
Impaired Financing Receivable Recorded Investment, Percentage of Receivable	0.40%	0.40%
Commercial Portfolio Segment [Member] | Wholesale and Dealer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 38,523	$ 36,037
Commercial Portfolio Segment [Member] | Wholesale and Dealer Loans [Member] | Group I
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	29,334	27,054
Commercial Portfolio Segment [Member] | Wholesale and Dealer Loans [Member] | Group II
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	7,204	7,185
Commercial Portfolio Segment [Member] | Wholesale and Dealer Loans [Member] | Group III
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	1,857	1,687
Commercial Portfolio Segment [Member] | Wholesale and Dealer Loans [Member] | Group IV
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 128	$ 111

Net Investment in Operating L37

Net Investment in Operating Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Property Subject to or Available for Operating Lease [Line Items]
Length of lease contract	60 months or less
Vehicles, at cost	$ 30,803	$ 29,673
Accumulated depreciation	(4,862)	(4,545)
Net investment in operating leases before allowance for credit losses	25,941	25,128	$ 22,025
Allowance for credit losses	(53)	(49)	(41)	$ (38)
Net investment in operating leases	25,888	25,079	$ 21,984
Securitization Transactions [Member]
Property Subject to or Available for Operating Lease [Line Items]
Net investment in operating leases	$ 13,300	$ 13,300

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Allowance for credit losses, finance receivables
Beginning balance	$ 373	$ 321
Charge-offs	(101)	(79)
Recoveries	30	32
Provision for credit losses	103	49
Other	5	(9)
Ending balance	410	314
Analysis of ending balance of allowance for credit losses, finance receivables
Collective impairment allowance	384	292
Specific impairment allowance	26	22
Ending balance	410	314
Analysis of ending balance of finance receivables
Collectively evaluated for impairment	100,164	86,288
Specifically evaluated for impairment	522	524
Financing Receivables	100,686	86,812	$ 97,196
Ending balance, net of allowance for credit losses	100,276	86,498
Allowance for credit losses, net investment in operating leases
Beginning balance	49	38
Charge-offs	(40)	(30)
Recoveries	19	15
Other	0	0
Ending balance	53	41
Analysis of Ending Balance of Allowance for Credit Losses, Net Investment in Operating Leases [Abstract]
Collective impairment allowance	53	41
Specific impairment allowance	0	0
Ending balance	53	41
Analysis of ending balance of net investment in operating leases
Collectively evaluated for impairment	25,941	22,025
Individually evaluated for impairment	0	0
Net investment in operating leases before allowance for credit losses	25,941	22,025	25,128
Ending balance, net investment in operating leases	25,888	21,984
Total allowance
Beginning balance	422	359
Charge-offs	(141)	(109)
Recoveries	49	47
Provision for credit losses	128	67
Other	5	(9)
Ending balance	463	355
Analysis of Ending Balance of Finance Receivables and Net Investment in Operating Leases [Abstract]
Collective impairment allowance	437	333
Specific impairment allowance	26	22
Ending balance	463	355
Net Investment in Operating Leases [Member]
Allowance for credit losses, finance receivables
Provision for credit losses	25	18
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	16		16
Allowance for credit losses, finance receivables
Beginning balance	357	305
Charge-offs	(102)	(80)
Recoveries	29	30
Provision for credit losses	102	53
Other	4	(7)
Ending balance	390	301
Analysis of ending balance of allowance for credit losses, finance receivables
Collective impairment allowance	371	280
Specific impairment allowance	19	21
Ending balance	390	301
Analysis of ending balance of finance receivables
Collectively evaluated for impairment	60,581	53,135
Specifically evaluated for impairment	373	396
Financing Receivables	60,954	53,531	59,949
Ending balance, net of allowance for credit losses	60,564	53,230
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	1		1
Allowance for credit losses, finance receivables
Beginning balance	16	16
Charge-offs	1	1
Recoveries	1	2
Provision for credit losses	1	(4)
Other	1	(2)
Ending balance	20	13
Analysis of ending balance of allowance for credit losses, finance receivables
Collective impairment allowance	13	12
Specific impairment allowance	7	1
Ending balance	20	13
Analysis of ending balance of finance receivables
Collectively evaluated for impairment	39,583	33,153
Specifically evaluated for impairment	149	128
Financing Receivables	39,732	33,281	$ 37,247
Ending balance, net of allowance for credit losses	$ 39,712	$ 33,268

Transfers of Receivables - Asse

Transfers of Receivables - Assets and Liabilities of Securitizations (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Securitization Transactions [Line Items]
Cash and cash equivalents	$ 10,350	$ 8,886	$ 7,294	$ 6,179
Financing and Loans and Leases Receivable Allowance	463	422	355	$ 359
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	126,164		$ 108,482
Related Debt	127,434	119,601
Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,602	3,949
Related Debt	43,258	43,086
Securitization Transactions [Member] | Consolidated Entity Including Variable Interest Entities (VIE) [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	3,000	4,300
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	70,800	67,000
Financing and Loans and Leases Receivable Allowance	200	100
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	70,600	66,900
Related Debt	49,900	50,000
Securitization Transactions [Member] | Consolidated Entity Including Variable Interest Entities (VIE) [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,300	3,800
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	57,500	53,700
Financing and Loans and Leases Receivable Allowance	200	100
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	57,300	53,600
Related Debt	41,200	41,100
Securitization Transactions [Member] | Consolidated Entity Including Variable Interest Entities (VIE) [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,000	1,800
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	30,700	27,600
Financing and Loans and Leases Receivable Allowance	200	100
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	30,500	27,500
Related Debt	27,300	25,000
Securitization Transactions [Member] | Consolidated Entity Including Variable Interest Entities (VIE) [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	300	2,000
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	26,800	26,100
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	26,800	26,100
Related Debt	13,900	16,100
Securitization Transactions [Member] | Consolidated Entity Including Variable Interest Entities (VIE) [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	700	500
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	13,300	13,300
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	13,300	13,300
Related Debt	8,700	8,900
Securitization Transactions [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,600	3,900
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	63,500	59,300
Financing and Loans and Leases Receivable Allowance	200	100
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	63,300	59,200
Related Debt	43,300	43,100
Securitization Transactions [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	1,900	3,400
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	50,200	46,000
Financing and Loans and Leases Receivable Allowance	200	100
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	50,000	45,900
Related Debt	34,600	34,200
Securitization Transactions [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	1,600	1,400
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	24,200	20,900
Financing and Loans and Leases Receivable Allowance	200	100
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	24,000	20,800
Related Debt	21,300	18,900
Securitization Transactions [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	300	2,000
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	26,000	25,100
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	26,000	25,100
Related Debt	13,300	15,300
Securitization Transactions [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	700	500
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	13,300	13,300
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	13,300	13,300
Related Debt	8,700	8,900
Securitization Transactions [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	400	400
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	7,300	7,700
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	7,300	7,700
Related Debt	6,600	6,900
Securitization Transactions [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	400	400
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	7,300	7,700
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	7,300	7,700
Related Debt	6,600	6,900
Securitization Transactions [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	400	400
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	6,500	6,700
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	6,500	6,700
Related Debt	6,000	6,100
Securitization Transactions [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	0	0
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	800	1,000
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	800	1,000
Related Debt	600	800
Securitization Transactions [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	0	0
Finance Receivables & Net Investment in Operating Leases, Before Allowance for Credit Losses	0	0
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables & Net Investment In Operating Leases, After Allowance for Credit Losses	0	0
Related Debt	$ 0	$ 0

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Total maximum exposure	$ 70	$ 66

Income Effect of Derivative Fin

Income Effect of Derivative Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 296	$ 205
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	99	88
Ineffectiveness	17	6
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	610	221
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(593)	(215)
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(48)	(43)
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	33	65
Not Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 195	$ 89

Balance Sheet Effect of Derivat

Balance Sheet Effect of Derivative Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Notional	$ 104,220	$ 96,452
Fair Value of Derivative Assets	1,610	924
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	(155)	(167)
Derivative Asset	1,455	757
Fair Value of Derivative Liabilities	204	243
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(155)	(167)
Derivative Liability	49	76
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Notional	32,843	28,964
Fair Value of Derivative Assets	1,184	670
Fair Value of Derivative Liabilities	0	16
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Notional	65,538	62,638
Fair Value of Derivative Assets	182	159
Fair Value of Derivative Liabilities	159	112
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Notional	2,138	1,713
Fair Value of Derivative Assets	49	22
Fair Value of Derivative Liabilities	8	4
Not Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Notional	3,701	3,137
Fair Value of Derivative Assets	195	73
Fair Value of Derivative Liabilities	$ 37	$ 111

Other Assets and Other Liabil43

Other Assets and Other Liabilities and Deferred Income (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Other Assets [Abstract]
Accrued interest and other non-finance receivables	$ 753	$ 763
Collateral held for resale, at net realizable value	524	498
Prepaid reinsurance premiums and other reinsurance receivables	481	472
Property and equipment, net of accumulated depreciation	150	142
Deferred charges - income taxes	142	135
Investment in non-consolidated affiliates	138	133
Restricted cash	77	56
Deferred charges	72	63
Other	26	24
Total other assets	2,363	2,286
Accumulated depreciation	338	335
Other Liabilities and Deferred Income [Abstract]
Interest payable	544	553
Unearned insurance premiums	493	484
Tax Related payables to Ford and affiliated companies	107	105
Unrecognized Tax Benefits, Other Liabilities	78	75
Other	479	448
Total other liabilities and deferred income	$ 1,701	$ 1,665

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total short-term debt	$ 11,960	$ 12,211
Unamortized discount	(22)	(25)
Unamortized issuance costs	(238)	(214)
Fair value adjustments	1,046	458
Total long-term debt	115,474	107,390
Total debt	127,434	119,601
Fair value of debt	$ 128,701	$ 120,546
Average Contractual (interest rate)	2.30%	2.20%
Average Effective (interest rate)	2.40%	2.30%
Short Term Debt Carrying Value Fair Value	$ 10,900	$ 10,400
Floating Rate Demand Notes [Member]
Debt Instrument [Line Items]
Total short-term debt	5,992	5,926
Unsecured commercial paper [Member]
Debt Instrument [Line Items]
Total short-term debt	1,960	1,722
Other short-term debt [Member]
Debt Instrument [Line Items]
Total short-term debt	2,944	2,708
Asset-backed Securities [Member]
Debt Instrument [Line Items]
Total short-term debt	1,064	1,855
Notes payable within one year	20,231	18,855
Notes payable after one year	$ 28,638	$ 29,390
Total short-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	1.80%	1.60%
Average Effective (interest rate)	1.80%	1.60%
Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes payable within one year	$ 13,668	$ 10,254
Notes payable after one year	$ 52,151	$ 48,672
Total long-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	2.40%	2.30%
Average Effective (interest rate)	2.50%	2.40%

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Cumulative Translation Adjustment Summary [Roll Forward]
Beginning Balance	$ (607,000,000)	$ 160,000,000
Net gain/(loss) on Foreign Currency Translation	172,000,000	(483,000,000)
Other Comprehensive Income (Loss), Net of Tax	172,000,000	(482,000,000)
Ending Balance	(435,000,000)	(323,000,000)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(435,000,000)	(323,000,000)	$ (607,000,000)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax [Abstract]
Net gain/(loss) on foreign currency translation, tax adjustment	0	0
Accumulated Other Comprehensive Income (Loss) [Member]
Cumulative Translation Adjustment Summary [Roll Forward]
Other Comprehensive Income (Loss), Net of Tax	$ 172,000,000	$ (483,000,000)

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Income and Expenses [Abstract]
Gains/(Losses) on derivatives	$ 199	$ 115
Currency revaluation gains/(losses)	(219)	(151)
Interest and investment income	28	25
Insurance Fee Income	21	16
Other	34	49
Total other income, net	$ 63	$ 54

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total revenue	$ 2,608	$ 2,282
Income before income taxes	514	483
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	1,014	816
Interest expense	646	638
Provision for credit losses	128	67
Net finance receivables and net investment in operating leases	126,164	108,482
Total assets	146,174	126,375	$ 137,448
North America Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	2,202	1,897
Income before income taxes	394	379
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	1,008	811
Interest expense	503	482
Provision for credit losses	109	55
Net finance receivables and net investment in operating leases	105,958	91,203
Total assets	116,092	100,692
International Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	413	410
Income before income taxes	127	129
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	6	5
Interest expense	143	156
Provision for credit losses	19	12
Net finance receivables and net investment in operating leases	25,872	21,658
Total assets	30,082	25,683
Unallocated Risk Management [Member]
Segment Reporting Information [Line Items]
Total revenue	(7)	(25)
Income before income taxes	(7)	(25)
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0
Interest expense	0	0
Provision for credit losses	0	0
Net finance receivables and net investment in operating leases	0	0
Total assets	0	0
Adjustment to Receivables [Member]
Segment Reporting Information [Line Items]
Total revenue	0	0
Income before income taxes	0	0
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0
Interest expense	0	0
Provision for credit losses	0	0
Net finance receivables and net investment in operating leases	(5,666)	(4,379)
Total assets	0	0
Total Unallocated/Eliminations [Member]
Segment Reporting Information [Line Items]
Total revenue	(7)	(25)
Income before income taxes	(7)	(25)
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0
Interest expense	0	0
Provision for credit losses	0	0
Net finance receivables and net investment in operating leases	(5,666)	(4,379)
Total assets	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Minimum rentals on operating leases [Abstract]
Guarantor Obligations, Current Carrying Value	$ 0	$ 0
Counter Guarantee [Member] | Ford Motor Company [Member]
Minimum rentals on operating leases [Abstract]
Counter guarantee	40,000,000	74,000,000
Financial Guarantee [Member]
Minimum rentals on operating leases [Abstract]
Maximum potential payments	$ 46,000,000	$ 80,000,000