Ford Motor Credit (FCZ) 10-Q 26 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document	6 Months Ended
	Jun. 30, 2018USD ($)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	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Financing revenue
Operating leases	$ 1,443	$ 1,381	$ 2,858	$ 2,747
Retail financing	959	825	1,907	1,627
Dealer financing	569	476	1,105	927
Other	20	17	42	34
Total financing revenue	2,991	2,699	5,912	5,335
Depreciation on vehicles subject to operating leases	(963)	(1,037)	(1,991)	(2,101)
Interest expense	(997)	(769)	(1,909)	(1,498)
Net financing margin	1,031	893	2,012	1,736
Other revenue
Insurance premiums earned	43	42	84	82
Fee based revenue and other	65	61	123	116
Total financing margin and other revenue	1,139	996	2,219	1,934
Expenses
Operating expenses	357	302	702	606
Provision for credit losses	92	99	211	251
Insurance expenses	46	62	58	93
Total expenses	495	463	971	950
Other income, net	1	86	38	116
Income before income taxes	645	619	1,286	1,100
Provision for income taxes	166	173	106	321
Net income	$ 479	$ 446	$ 1,180	$ 779

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income	$ 479	$ 446	$ 1,180	$ 779
Other comprehensive income/(loss), net of tax
Foreign currency translation	(364)	191	(251)	281
Comprehensive income/(loss)	$ 115	$ 637	$ 929	$ 1,060

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 9,079	$ 9,558
Marketable securities	2,286	2,881
Finance receivables, net	115,893	116,003
Net investment in operating leases	27,314	26,661
Notes and accounts receivable from affiliated companies	1,151	1,076
Derivative financial instruments	709	935
Other assets	3,179	3,329
Total assets	159,611	160,443
Liabilities
Customer deposits, dealer reserves, and other	1,136	1,171
Affiliated companies	948	592
Total accounts payable	2,084	1,763
Debt	136,687	137,828
Deferred income taxes	2,352	2,386
Derivative financial instruments	856	310
Other liabilities and deferred income	2,282	2,272
Total liabilities	144,261	144,559
Shareholder's interest
Shareholder's interest	5,227	5,227
Accumulated other comprehensive income	(670)	(419)
Retained earnings	10,793	11,076
Total shareholder’s interest	15,350	15,884
Total liabilities and shareholder's interest	159,611	160,443
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash and cash equivalents	3,079	3,479
Finance receivables, net	55,600	56,250
Net investment in operating leases	12,207	11,503
Derivative financial instruments	55	64
Liabilities
Debt	50,012	46,437
Derivative financial instruments	$ 6	$ 2

Consolidated Statement of Share

Consolidated Statement of Shareholder's Interest - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Shareholder's Interest [Roll Forward]
Balance at beginning of period			$ 15,884	$ 12,803
Net income	$ 479	$ 446	1,180	779
Other Comprehensive Income (Loss), Net of Tax			(251)	281
Cumulative Effect of New Accounting Principle in Period of Adoption		9		9
Distributions declared			(1,463)	(28)
Balance at end of period	15,350	13,844	15,350	13,844
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
Cumulative Effect of New Accounting Principle in Period of Adoption		0		0
Distributions declared			0	0
Balance at end of period	5,227	5,227	5,227	5,227
Accumulated Other Comprehensive Income/(Loss) (Note11) [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period			(419)	(890)
Net income			0	0
Other Comprehensive Income (Loss), Net of Tax			(251)	281
Distributions declared			0	0
Balance at end of period	(670)	(609)	(670)	(609)
Accumulated Other Comprehensive Income/(Loss) (Note11) [Member] | Accounting Standards Update 2014-09 [Member]
Shareholder's Interest [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption		0		0
Retained Earnings [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period			11,076	8,466
Net income			1,180	779
Other Comprehensive Income (Loss), Net of Tax			0	0
Distributions declared			(1,463)	(28)
Balance at end of period	$ 10,793	9,226	$ 10,793	9,226
Retained Earnings [Member] | Accounting Standards Update 2014-09 [Member]
Shareholder's Interest [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 9		$ 9

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net Cash Provided by (Used in) Operating Activities	$ 2,986	$ 2,866
Cash flows from investing activities
Purchases of finance receivables	(22,494)	(19,025)
Principal collections of finance receivables	21,659	17,809
Purchases of operating lease vehicles	(7,537)	(6,720)
Proceeds From Liquidations of Operating Lease Vehicles	4,816	4,440
Net change in wholesale receivables and other	(130)	(857)
Purchases of marketable securities	(2,821)	(3,351)
Proceeds from sales and maturities of marketable securities	3,368	3,336
Settlements of derivatives	156	(46)
All other investing activities	131	(25)
Net Cash Provided by (Used in) Investing Activities	(2,852)	(4,439)
Cash flows from financing activities
Proceeds from issuances of long-term debt	27,959	19,960
Principal payments on long-term debt	(24,792)	(19,071)
Change in short-term debt, net	(2,093)	(132)
Cash distributions to parent	(1,463)	(28)
All other financing activities	(50)	(53)
Net Cash Provided by (Used in) Financing Activities	(439)	676
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(152)	180
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at January 1	9,682	8,185
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(457)	(717)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at March 31	$ 9,225	$ 7,468

Presentation

Presentation number in Thousands	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign Currency Transactions and Translations Policy [Policy Text Block]	In June 2018, as a result of the three-year cumulative consumer price index exceeding 100% , Argentina was classified as having a highly inflationary economy. We are presently evaluating the impact of accounting for our Argentina operations as highly inflationary beginning on July 1, 2018.
Presentation	PRESENTATION 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, 2017 (“2017 Form 10-K Report”). We are an indirect, wholly owned subsidiary of Ford Motor Company (“Ford”). We reclassify certain prior period amounts in our consolidated financial statements to conform to current year presentation. Argentina In June 2018, as a result of the three-year cumulative consumer price index exceeding 100% , Argentina was classified as having a highly inflationary economy. We are presently evaluating the impact of accounting for our Argentina operations as highly inflationary beginning on July 1, 2018.
Consumer Price Index	0.00%

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Accounting Policies	ACCOUNTING POLICIES 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. For the second quarter and first half of 2018, our effective tax rates were 25.7% and 8.2% , respectively. During the first quarter of 2018, we recognized $ 235 million of benefit for non-U.S. capital loss carryforwards expected to be realized in the foreseeable future. Adoption of New Accounting Standards Accounting Standards Update (“ASU”) 2017-12, Derivatives and Hedging. On January 1, 2018, we adopted the amendments to Accounting Standards Codification (“ASC”) 815 which aligns hedge accounting with risk management activities and simplifies the requirements to qualify for hedge accounting. Adoption did not have a material impact on our financial statements. We continue to assess opportunities enabled by the new standard to expand our risk management strategies. ASU 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities. On January 1, 2018, we adopted ASU 2016-01 and the related amendments. This standard amends various aspects of the recognition, measurement, presentation, and disclosure of financial instruments. We adopted the measurement alternative for equity investments without readily determinable fair values (often referred to as cost method investments) on a prospective basis. As a result, these investments will be revalued upon occurrence of an observable price change for similar investments and for impairments. We anticipate adoption may increase the volatility on our consolidated income statement. We also adopted the following standards during 2018 , none of which had a material impact to our financial statements or financial statement disclosures: Standard Effective Date 2017-08 Nonrefundable Fees and Other Costs - Premium Amortization on Purchased Callable Debt Securities January 1, 2018 2016-18 Statement of Cash Flows - Restricted Cash January 1, 2018 2016-16 Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory January 1, 2018 2016-15 Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments January 1, 2018 NOTE 2. ACCOUNTING POLICIES (Continued) Accounting Standards Issued But Not Yet Adopted The following represent the standards that will, or are expected to, result in a significant change in practice and / or have a significant financial impact to Ford Credit. ASU 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments . In June 2016, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard which replaces the current incurred loss impairment method with a method that reflects expected credit losses. The new standard is effective as of January 1, 2020, and early adoption is permitted as of January 1, 2019. We will adopt the new credit loss guidance by recognizing the cumulative effect of initially applying the new standard as an adjustment to the opening balance of Retained earnings . We anticipate adoption will increase the amount of expected credit losses reported in Finance receivables, net on our consolidated balance sheet and do not expect a material impact to our income statement . ASU 2016-02, Leases . In February 2016, the FASB issued a new accounting standard which provides guidance on the recognition, measurement, presentation, and disclosure of leases. The new standard supersedes the present U.S. GAAP standard on leases and requires substantially all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We plan to adopt the new standard on its effective date of January 1, 2019. We anticipate adoption of the standard will add about $100 million of right-of-use assets and lease obligations to our consolidated balance sheet and will not significantly impact our income statement. We plan to elect the practical expedients upon transition that will retain the lease classification and initial direct costs for any leases that exist prior to adoption of the standard. We will not reassess whether any contracts entered into prior to adoption are leases. We are in the process of cataloging our existing lease contracts and implementing changes to our systems.

Cash, Cash Equivalents, and Mar

Cash, Cash Equivalents, and Marketable Securities	6 Months Ended
	Jun. 30, 2018
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, cash equivalents, and marketable securities measured at fair value on a recurring basis on our balance sheet (in millions): Fair Value Level December 31, 2017 June 30, 2018 Cash and cash equivalents U.S. government 1 $ — $ 10 U.S. government and agencies 2 300 — Non-U.S. government and agencies 2 703 587 Corporate debt 2 25 460 Total marketable securities classified as cash equivalents 1,028 1,057 Cash, time deposits and money market funds 8,530 8,022 Total cash and cash equivalents $ 9,558 $ 9,079 Marketable Securities U.S. government 1 $ 966 $ 404 U.S. government and agencies 2 384 164 Non-U.S. government and agencies 2 660 1,045 Corporate debt 2 848 516 Other marketable securities 2 23 157 Total marketable securities $ 2,881 $ 2,286 Cash, Cash Equivalents, and Restricted Cash Cash, cash equivalents, and restricted cash as reported in the statement of cash flows are presented separately on our consolidated balance sheet as follows (in millions): December 31, 2017 June 30, 2018 Cash and cash equivalents $ 9,558 $ 9,079 Restricted cash included in other assets 124 146 Total cash, cash equivalents, and restricted cash $ 9,682 $ 9,225

Finance Receivables

Finance Receivables	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Financing Receivables	FINANCE RECEIVABLES We manage finance receivables as “consumer” and “non-consumer” portfolios. The receivables are generally secured by the vehicles, inventory, or other property being financed. Finance receivables, net were as follows (in millions): December 31, 2017 June 30, 2018 Consumer Retail financing, gross $ 78,467 $ 78,961 Unearned interest supplements from Ford and affiliated companies (3,280 ) (3,245 ) Consumer finance receivables 75,187 75,716 Non-Consumer Dealer financing 39,241 38,955 Other financing 2,172 1,809 Non-Consumer finance receivables 41,413 40,764 Total recorded investment $ 116,600 $ 116,480 Recorded investment in finance receivables $ 116,600 $ 116,480 Allowance for credit losses (597 ) (587 ) Finance receivables, net $ 116,003 $ 115,893 Net finance receivables subject to fair value (a) $ 112,717 $ 112,333 Fair value 112,133 111,704 __________ (a) At December 31, 2017 and June 30, 2018 , Finance receivables, net includes $3.3 billion and $3.6 billion , respectively, of 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 fair value hierarchy. Excluded from finance receivables at December 31, 2017 and June 30, 2018 was $241 million and $243 million , respectively, of accrued uncollected interest, which we report in Other assets on our balance sheet. Included in recorded investment in finance receivables at December 31, 2017 and June 30, 2018 , were consumer receivables of $38.9 billion and $39.3 billion , respectively, and non-consumer receivables of $24.5 billion and $ 22.3 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 7 for additional information). NOTE 4. 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 $24 million and $27 million at December 31, 2017 and June 30, 2018 , respectively. The recorded investment of non-consumer receivables greater than 90 days past due and still accruing interest was $1 million and de minimis at December 31, 2017 and June 30, 2018 , respectively. The aging analysis of finance receivables balances was as follows (in millions): December 31, 2017 June 30, Consumer 31-60 days past due $ 748 $ 730 61-90 days past due 113 120 91-120 days past due 36 37 Greater than 120 days past due 37 40 Total past due 934 927 Current 74,253 74,789 Consumer finance receivables 75,187 75,716 Non-Consumer Total past due 122 70 Current 41,291 40,694 Non-Consumer finance receivables 41,413 40,764 Total recorded investment $ 116,600 $ 116,480 Credit Quality Consumer Portfolio. 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; and • 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 Portfolio. 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; and • Group IV – poor financial metrics, including dealers classified as uncollectible. NOTE 4. FINANCE RECEIVABLES (Continued) The credit quality analysis of our dealer financing receivables was as follows (in millions): December 31, 2017 June 30, Dealer financing Group I $ 31,551 $ 31,681 Group II 5,912 5,699 Group III 1,640 1,479 Group IV 138 96 Total recorded investment $ 39,241 $ 38,955 Impaired Receivables Impaired consumer receivables include accounts that have been rewritten or modified in reorganization proceedings pursuant to the U.S. Bankruptcy Code that are considered to be Troubled Debt Restructurings (“TDRs”), as well as all accounts greater than 120 days past due. Impaired non-consumer receivables represent accounts with dealers that have weak or poor financial metrics or dealer financing that has been modified in TDRs. The recorded investment of consumer receivables that were impaired at December 31, 2017 and June 30, 2018 was $386 million , or 0.5% of consumer receivables, and $378 million , or 0.5% of consumer receivables, respectively. The recorded investment of non-consumer receivables that were impaired at December 31, 2017 and June 30, 2018 was $138 million , or 0.3% of non-consumer receivables, and $96 million , or 0.2% 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 Investments in Operating Le

Net Investments in Operating Leases	6 Months Ended
	Jun. 30, 2018
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, and fleet customers with terms of 60 months or less . Net investment in operating leases were as follows (in millions): December 31, June 30, Vehicles, at cost (a) $ 32,659 $ 33,410 Accumulated depreciation (5,927 ) (6,024 ) Net investment in operating leases before allowance for credit losses 26,732 27,386 Allowance for credit losses (71 ) (72 ) Net investment in operating leases $ 26,661 $ 27,314 __________ (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 December 31, 2017 and June 30, 2018 , net investment in operating leases before allowance for credit losses includes $11.5 billion and $12.2 billion, respectively, 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 investments 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 7 for additional information).

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2018
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 June 30 was as follows (in millions): Second Quarter 2017 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 504 $ 13 $ 517 $ 67 $ 584 Charge-offs (110 ) (2 ) (112 ) (52 ) (164 ) Recoveries 35 3 38 25 63 Provision for credit losses 73 — 73 26 99 Other (a) 5 1 6 — 6 Ending balance $ 507 $ 15 $ 522 $ 66 $ 588 First Half 2017 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 469 $ 15 $ 484 $ 64 $ 548 Charge-offs (233 ) (4 ) (237 ) (104 ) (341 ) Recoveries 69 3 72 49 121 Provision for credit losses 194 — 194 57 251 Other (a) 8 1 9 — 9 Ending balance $ 507 $ 15 $ 522 $ 66 $ 588 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 487 $ 13 $ 500 $ 66 $ 566 Specific impairment allowance 20 2 22 — 22 Ending balance 507 15 522 66 $ 588 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 67,906 40,354 108,260 26,759 Specifically evaluated for impairment 381 181 562 — Recorded investment 68,287 40,535 108,822 26,759 Ending balance, net of allowance for credit losses $ 67,780 $ 40,520 $ 108,300 $ 26,693 __________ (a) Primarily represents amounts related to translation adjustments. NOTE 6. ALLOWANCE FOR CREDIT LOSSES (Continued) Second Quarter 2018 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 584 $ 16 $ 600 $ 71 $ 671 Charge-offs (123 ) (1 ) (124 ) (47 ) (171 ) Recoveries 47 1 48 26 74 Provision for credit losses 72 (2 ) 70 22 92 Other (a) (7 ) — (7 ) — (7 ) Ending balance $ 573 $ 14 $ 587 $ 72 $ 659 First Half 2018 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 582 $ 15 $ 597 $ 71 $ 668 Charge-offs (254 ) (3 ) (257 ) (98 ) (355 ) Recoveries 86 2 88 52 140 Provision for credit losses 164 — 164 47 211 Other (a) (5 ) — (5 ) — (5 ) Ending balance $ 573 $ 14 $ 587 $ 72 $ 659 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 552 $ 13 $ 565 $ 72 $ 637 Specific impairment allowance 21 1 22 — 22 Ending balance 573 14 587 72 $ 659 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 75,338 40,668 116,006 27,386 Specifically evaluated for impairment 378 96 474 — Recorded investment 75,716 40,764 116,480 27,386 Ending balance, net of allowance for credit losses $ 75,143 $ 40,750 $ 115,893 $ 27,314 __________ (a) Primarily represents amounts related to translation adjustments.

Transfers of Receivables

Transfers of Receivables	6 Months Ended
	Jun. 30, 2018
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 8 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): December 31, 2017 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt (c) Before Allowance Allowance for After Allowance VIE (b) Retail financing $ 1.8 $ 32.6 $ 0.2 $ 32.4 $ 27.7 Wholesale financing 1.2 23.9 — 23.9 11.5 Finance receivables 3.0 56.5 0.2 56.3 39.2 Net investment in operating leases 0.5 11.5 — 11.5 7.2 Total VIE $ 3.5 $ 68.0 $ 0.2 $ 67.8 $ 46.4 Non-VIE Retail financing $ 0.3 $ 6.3 $ — $ 6.3 $ 5.7 Wholesale financing — 0.6 — 0.6 0.5 Finance receivables 0.3 6.9 — 6.9 6.2 Net investment in operating leases — — — — — Total Non-VIE $ 0.3 $ 6.9 $ — $ 6.9 $ 6.2 Total securitization transactions Retail financing $ 2.1 $ 38.9 $ 0.2 $ 38.7 $ 33.4 Wholesale financing 1.2 24.5 — 24.5 12.0 Finance receivables 3.3 63.4 0.2 63.2 45.4 Net investment in operating leases 0.5 11.5 — 11.5 7.2 Total securitization transactions $ 3.8 $ 74.9 $ 0.2 $ 74.7 $ 52.6 __________ (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 7. TRANSFERS OF RECEIVABLES (Continued) June 30, 2018 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 $ 2.0 $ 33.7 $ 0.2 $ 33.5 $ 29.4 Wholesale financing 0.5 22.1 — 22.1 13.0 Finance receivables 2.5 55.8 0.2 55.6 42.4 Net investment in operating leases 0.6 12.2 — 12.2 7.6 Total VIE $ 3.1 $ 68.0 $ 0.2 $ 67.8 $ 50.0 Non-VIE Retail financing $ 0.2 $ 5.6 $ — $ 5.6 $ 4.9 Wholesale financing — 0.2 — 0.2 0.2 Finance receivables 0.2 5.8 — 5.8 5.1 Net investment in operating leases — — — — — Total Non-VIE $ 0.2 $ 5.8 $ — $ 5.8 $ 5.1 Total securitization transactions Retail financing $ 2.2 $ 39.3 $ 0.2 $ 39.1 $ 34.3 Wholesale financing 0.5 22.3 — 22.3 13.2 Finance receivables 2.7 61.6 0.2 61.4 47.5 Net investment in operating leases 0.6 12.2 — 12.2 7.6 Total securitization transactions $ 3.3 $ 73.8 $ 0.2 $ 73.6 $ 55.1 __________ (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 cost.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2018
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES 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 of which we are the primary beneficiary. 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. 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 7 for additional information on the financial position and financial performance of our VIEs and Note 9 for additional information regarding derivatives.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2018
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 June 30 were as follows (in millions): Second Quarter First Half 2017 2018 2017 2018 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ 62 $ (2 ) $ 132 $ 24 Fair value changes on hedging instruments (a) 34 (90 ) (55 ) (429 ) Fair value changes on hedged debt (a) (30 ) 82 55 411 Derivatives not designated as hedging instruments Interest rate contracts 30 (20 ) 37 (37 ) Foreign currency exchange contracts (b) (61 ) 110 (90 ) 98 Cross-currency interest rate swap contracts 16 (125 ) 74 (183 ) Total $ 51 $ (45 ) $ 153 $ (116 ) __________ (a) For the first half of 2017 , the fair value changes on hedging instruments and on hedged debt were reported in Other income, net ; effective first quarter 2018 , these amounts were reported in Interest expense. (b) Reflects forward contracts between Ford Credit and an affiliated company. NOTE 9. 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. Collateral represents cash received or paid under reciprocal arrangements that we have entered into with our derivative counterparties which we do not use to offset our derivative assets and liabilities. The fair value of our derivative instruments and the associated notional amounts, presented gross, were as follows (in millions): December 31, 2017 June 30, 2018 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 28,008 $ 248 $ 135 $ 26,033 $ 137 $ 441 Derivatives not designated as hedging instruments Interest rate contracts 60,504 276 137 65,447 247 255 Foreign currency exchange contracts 2,406 3 10 3,798 55 17 Cross-currency interest rate swap contracts 4,006 408 28 5,852 270 143 Total derivative financial instruments, gross (a) (b) $ 94,924 $ 935 $ 310 $ 101,130 $ 709 $ 856 __________ (a) At December 31, 2017 and June 30, 2018 , we held collateral of $15 million and $9 million , respectively, and we posted collateral of $38 million and $56 million , respectively. (b) At December 31, 2017 and June 30, 2018 , the fair value of assets and liabilities available for counterparty netting was $162 million and $212 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.

Other Assets and Other Liabilit

Other Assets and Other Liabilities and Deferred Income	6 Months Ended
	Jun. 30, 2018
Other Assets and Other Liabilities and Deferred Income [Abstract]
OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED INCOME	OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED REVENUE Other assets and other liabilities and deferred revenue 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): December 31, June 30, Accrued interest and other non-finance receivables $ 1,117 $ 1,055 Prepaid reinsurance premiums and other reinsurance recoverables 611 639 Collateral held for resale, at net realizable value, and other inventory 780 634 Deferred charges – income taxes 247 224 Property and equipment, net of accumulated depreciation (a) 177 182 Restricted cash (b) 124 146 Investment in non-consolidated affiliates 107 133 Deferred charges 127 110 Other 39 56 Total other assets $ 3,329 $ 3,179 __________ (a) Accumulated depreciation was $354 million and $364 million at December 31, 2017 and June 30, 2018 , 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 revenue were as follows (in millions): December 31, June 30, Unearned insurance premiums and fees $ 723 $ 754 Interest payable 722 721 Income tax and related interest (a) 301 323 Deferred revenue 148 122 Payroll and employee benefits 68 51 Other 310 311 Total other liabilities and deferred income $ 2,272 $ 2,282 __________ (a) Includes tax and interest payable to affiliated companies of $ 99 million and $ 94 million at December 31, 2017 and June 30, 2018 , respectively. We have investments in entities for which we do not have the ability to exercise significant influence and fair values are not readily available. We have elected to record these investments at cost (less impairment, if any), adjusted for changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. We report the carrying value of these investments in Other assets in our consolidated balance sheet. These investments were $ 7 million and $ 9 million at December 31, 2017 and June 30, 2018 , respectively. There were no material adjustments to the fair values of these investments during the period ending June 30, 2018 . Deferred revenue balances presented above include amounts from contracts with customers primarily related to admission fee revenue on group financing products available in Argentina and were $124 million and $96 million at December 31, 2017 and June 30, 2018 , respectively. Admission fee revenue on group financing products is generally recognized evenly over the term of the agreement, which is up to 84 months. Increases in the admission fee deferred revenue balance are the result of payments due during the current period in advance of satisfying our performance under the contract and decreases are a result of revenue recognized during the current period that was previously deferred.

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	DEBT AND COMMITMENTS Debt outstanding and interest rates were as follows (in millions): Interest Rates Debt Average Contractual Average Effective December 31, June 30, 2017 2018 2017 2018 Short-term debt Unsecured debt Floating rate demand notes $ 5,660 $ 5,660 Commercial paper 4,889 4,453 Other short-term debt 5,890 3,623 Asset-backed debt 786 1,302 Total short-term debt 17,225 15,038 3.0 % 3.1 % 3.0 % 3.1 % Long-term debt Unsecured debt Notes payable within one year 13,298 12,636 Notes payable after one year 55,687 55,755 Asset-backed debt (a) Notes payable within one year 17,817 19,317 Notes payable after one year 34,051 34,625 Unamortized discount (1 ) — Unamortized issuance costs (228 ) (231 ) Fair value adjustments (b) (21 ) (453 ) Total long-term debt 120,603 121,649 2.5 % 2.6 % 2.6 % 2.7 % Total debt $ 137,828 $ 136,687 2.6 % 2.7 % 2.6 % 2.8 % Fair value of debt (c) $ 139,677 $ 138,669 __________ (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) These adjustments relate to designated fair value hedges. The carrying value of hedged debt was $39.0 billion and $37.5 billion at December 31, 2017 and June 30, 2018 , respectively. (c) The fair value of debt includes $16.4 billion and $13.7 billion of short-term debt at December 31, 2017 and June 30, 2018 , 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	6 Months Ended
	Jun. 30, 2018
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 June 30 were as follows (in millions): Second Quarter First Half 2017 2018 2017 2018 Beginning AOCI balance $ (800 ) $ (306 ) $ (890 ) $ (419 ) Net gain / (loss) on foreign currency translation 191 (364 ) 281 (251 ) Ending AOCI balance $ (609 ) $ (670 ) $ (609 ) $ (670 )

Other Income, Net

Other Income, Net	6 Months Ended
	Jun. 30, 2018
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 for the periods ended June 30 were as follows (in millions): Second Quarter First Half 2017 2018 2017 2018 Gains / (Losses) on derivatives $ (10 ) $ (35 ) $ 22 $ (122 ) Currency revaluation gains / (losses) 56 (18 ) 22 44 Interest and investment income 24 49 47 91 Other 16 5 25 25 Total other income, net $ 86 $ 1 $ 116 $ 38

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	We conduct our financing operations directly and indirectly through our subsidiaries and affiliates. We offer substantially similar products and services throughout many different regions, subject to local legal restrictions and market conditions. We segment our business based on geographic regions: the Americas, Europe, and Asia Pacific. Items excluded in assessing segment performance because they are managed at the corporate level, including market valuation adjustments to derivatives and exchange-rate fluctuations on foreign currency-denominated transactions, are reflected in Unallocated Other. The following is a brief description of our segments: • Americas Segment – United States, Canada, Mexico, Brazil, and Argentina • Europe Segment – European region and South Africa • Asia Pacific Segment – China and India Key financial information for our business segments for the periods ended or at June 30 were as follows (in millions): Americas Europe Asia Pacific Total Segments Unallocated Other (a) Total Second Quarter 2017 Total revenue $ 2,461 $ 233 $ 108 $ 2,802 $ — $ 2,802 Income before income taxes 465 74 18 557 62 619 Other disclosures: Depreciation on vehicles subject to operating leases 1,027 10 — 1,037 — 1,037 Interest expense 643 62 64 769 — 769 Provision for credit losses 86 8 5 99 — 99 Second Quarter 2018 Total revenue $ 2,661 $ 298 $ 140 $ 3,099 $ — $ 3,099 Income before income taxes 548 103 27 678 (33 ) 645 Other disclosures: Depreciation on vehicles subject to operating leases 960 3 — 963 — 963 Interest expense 830 76 90 996 1 997 Provision for credit losses 84 8 — 92 — 92 First Half 2017 Total revenue $ 4,866 $ 461 $ 206 $ 5,533 $ — $ 5,533 Income before income taxes 823 151 46 1,020 80 1,100 Other disclosures: Depreciation on vehicles subject to operating leases 2,080 21 — 2,101 — 2,101 Interest expense 1,260 123 115 1,498 — 1,498 Provision for credit losses 230 14 7 251 — 251 Net finance receivables and net investment in operating leases 115,033 21,740 5,427 142,200 (7,207 ) 134,993 Total assets 120,704 23,819 5,971 150,494 — 150,494 First Half 2018 Total revenue $ 5,241 $ 594 $ 284 $ 6,119 $ — $ 6,119 Income before income taxes 1,063 214 73 1,350 (64 ) 1,286 Other disclosures: Depreciation on vehicles subject to operating leases 1,983 8 — 1,991 — 1,991 Interest expense 1,582 148 181 1,911 (2 ) 1,909 Provision for credit losses 195 13 3 211 — 211 Net finance receivables and net investment in operating leases 119,611 25,437 6,405 151,453 (8,246 ) 143,207 Total assets 125,436 27,391 6,784 159,611 — 159,611 __________ (a) Net finance receivables and Net investment in operating leases include unearned interest supplements and residual support, allowance for credit losses, and other (primarily accumulated supplemental depreciation).

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
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 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 $52 million and $55 million at December 31, 2017 and June 30, 2018 , respectively. Of these values, $44 million at both December 31, 2017 and June 30, 2018, were counter-guaranteed by Ford to us. There were no recorded liabilities related to guarantees and limited indemnities at December 31, 2017 nor June 30, 2018 . 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 15. 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 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)	6 Months Ended
	Jun. 30, 2018
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. 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, 2017 (“2017 Form 10-K Report”). We are an indirect, wholly owned subsidiary of Ford Motor Company (“Ford”).
Reclassifications [Abstract]
Comparability of Prior Year Financial Data, Policy [Policy Text Block]	We reclassify certain prior period amounts in our consolidated financial statements to conform to current year presentation.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	In June 2018, as a result of the three-year cumulative consumer price index exceeding 100% , Argentina was classified as having a highly inflationary economy. We are presently evaluating the impact of accounting for our Argentina operations as highly inflationary beginning on July 1, 2018.
Income Tax, Policy [Policy Text Block]	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]	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. 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. 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.
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.
Restricted Cash [Abstract]
Restricted Cash, Policy [Policy Text Block]	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.
Commitments and Contingencies Disclosure [Abstract]
Guarantees and Indemnifications Policies [Policy Text Block]	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. 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.

Cash, Cash Equivalents, and M23

Cash, Cash Equivalents, and Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table categorizes the fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis on our balance sheet (in millions): Fair Value Level December 31, 2017 June 30, 2018 Cash and cash equivalents U.S. government 1 $ — $ 10 U.S. government and agencies 2 300 — Non-U.S. government and agencies 2 703 587 Corporate debt 2 25 460 Total marketable securities classified as cash equivalents 1,028 1,057 Cash, time deposits and money market funds 8,530 8,022 Total cash and cash equivalents $ 9,558 $ 9,079 Marketable Securities U.S. government 1 $ 966 $ 404 U.S. government and agencies 2 384 164 Non-U.S. government and agencies 2 660 1,045 Corporate debt 2 848 516 Other marketable securities 2 23 157 Total marketable securities $ 2,881 $ 2,286
Schedule of cash, cash equivalents and restricted cash [Table Text Block]	Cash, cash equivalents, and restricted cash as reported in the statement of cash flows are presented separately on our consolidated balance sheet as follows (in millions): December 31, 2017 June 30, 2018 Cash and cash equivalents $ 9,558 $ 9,079 Restricted cash included in other assets 124 146 Total cash, cash equivalents, and restricted cash $ 9,682 $ 9,225

Finance Receivables (Tables)

Finance Receivables (Tables)	6 Months Ended
	Jun. 30, 2018
Financing Receivables [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Finance receivables, net were as follows (in millions): December 31, 2017 June 30, 2018 Consumer Retail financing, gross $ 78,467 $ 78,961 Unearned interest supplements from Ford and affiliated companies (3,280 ) (3,245 ) Consumer finance receivables 75,187 75,716 Non-Consumer Dealer financing 39,241 38,955 Other financing 2,172 1,809 Non-Consumer finance receivables 41,413 40,764 Total recorded investment $ 116,600 $ 116,480 Recorded investment in finance receivables $ 116,600 $ 116,480 Allowance for credit losses (597 ) (587 ) Finance receivables, net $ 116,003 $ 115,893 Net finance receivables subject to fair value (a) $ 112,717 $ 112,333 Fair value 112,133 111,704 __________ (a) At December 31, 2017 and June 30, 2018 , Finance receivables, net includes $3.3 billion and $3.6 billion , respectively, of 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 fair value hierarchy.
Schedule of Aging Analysis for Total Finance Receivables [Table Text Block]	The aging analysis of finance receivables balances was as follows (in millions): December 31, 2017 June 30, Consumer 31-60 days past due $ 748 $ 730 61-90 days past due 113 120 91-120 days past due 36 37 Greater than 120 days past due 37 40 Total past due 934 927 Current 74,253 74,789 Consumer finance receivables 75,187 75,716 Non-Consumer Total past due 122 70 Current 41,291 40,694 Non-Consumer finance receivables 41,413 40,764 Total recorded investment $ 116,600 $ 116,480
Non-Consumer 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): December 31, 2017 June 30, Dealer financing Group I $ 31,551 $ 31,681 Group II 5,912 5,699 Group III 1,640 1,479 Group IV 138 96 Total recorded investment $ 39,241 $ 38,955

Net Investment in Operating Lea

Net Investment in Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2018
Leases, Operating [Abstract]
Net investment in operating leases [Table Text Block]	Net investment in operating leases were as follows (in millions): December 31, June 30, Vehicles, at cost (a) $ 32,659 $ 33,410 Accumulated depreciation (5,927 ) (6,024 ) Net investment in operating leases before allowance for credit losses 26,732 27,386 Allowance for credit losses (71 ) (72 ) Net investment in operating leases $ 26,661 $ 27,314 __________ (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)	6 Months Ended
	Jun. 30, 2018
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 June 30 was as follows (in millions): Second Quarter 2017 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 504 $ 13 $ 517 $ 67 $ 584 Charge-offs (110 ) (2 ) (112 ) (52 ) (164 ) Recoveries 35 3 38 25 63 Provision for credit losses 73 — 73 26 99 Other (a) 5 1 6 — 6 Ending balance $ 507 $ 15 $ 522 $ 66 $ 588 First Half 2017 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 469 $ 15 $ 484 $ 64 $ 548 Charge-offs (233 ) (4 ) (237 ) (104 ) (341 ) Recoveries 69 3 72 49 121 Provision for credit losses 194 — 194 57 251 Other (a) 8 1 9 — 9 Ending balance $ 507 $ 15 $ 522 $ 66 $ 588 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 487 $ 13 $ 500 $ 66 $ 566 Specific impairment allowance 20 2 22 — 22 Ending balance 507 15 522 66 $ 588 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 67,906 40,354 108,260 26,759 Specifically evaluated for impairment 381 181 562 — Recorded investment 68,287 40,535 108,822 26,759 Ending balance, net of allowance for credit losses $ 67,780 $ 40,520 $ 108,300 $ 26,693 __________ (a) Primarily represents amounts related to translation adjustments. NOTE 6. ALLOWANCE FOR CREDIT LOSSES (Continued) Second Quarter 2018 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 584 $ 16 $ 600 $ 71 $ 671 Charge-offs (123 ) (1 ) (124 ) (47 ) (171 ) Recoveries 47 1 48 26 74 Provision for credit losses 72 (2 ) 70 22 92 Other (a) (7 ) — (7 ) — (7 ) Ending balance $ 573 $ 14 $ 587 $ 72 $ 659 First Half 2018 Finance Receivables Net Investment in Operating Leases Total Allowance Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 582 $ 15 $ 597 $ 71 $ 668 Charge-offs (254 ) (3 ) (257 ) (98 ) (355 ) Recoveries 86 2 88 52 140 Provision for credit losses 164 — 164 47 211 Other (a) (5 ) — (5 ) — (5 ) Ending balance $ 573 $ 14 $ 587 $ 72 $ 659 Analysis of ending balance of allowance for credit losses Collective impairment allowance $ 552 $ 13 $ 565 $ 72 $ 637 Specific impairment allowance 21 1 22 — 22 Ending balance 573 14 587 72 $ 659 Analysis of ending balance of finance receivables and net investment in operating leases Collectively evaluated for impairment 75,338 40,668 116,006 27,386 Specifically evaluated for impairment 378 96 474 — Recorded investment 75,716 40,764 116,480 27,386 Ending balance, net of allowance for credit losses $ 75,143 $ 40,750 $ 115,893 $ 27,314 __________ (a) Primarily represents amounts related to translation adjustments.

Transfers of Receivables (Table

Transfers of Receivables (Tables)	6 Months Ended
	Jun. 30, 2018
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): December 31, 2017 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt (c) Before Allowance Allowance for After Allowance VIE (b) Retail financing $ 1.8 $ 32.6 $ 0.2 $ 32.4 $ 27.7 Wholesale financing 1.2 23.9 — 23.9 11.5 Finance receivables 3.0 56.5 0.2 56.3 39.2 Net investment in operating leases 0.5 11.5 — 11.5 7.2 Total VIE $ 3.5 $ 68.0 $ 0.2 $ 67.8 $ 46.4 Non-VIE Retail financing $ 0.3 $ 6.3 $ — $ 6.3 $ 5.7 Wholesale financing — 0.6 — 0.6 0.5 Finance receivables 0.3 6.9 — 6.9 6.2 Net investment in operating leases — — — — — Total Non-VIE $ 0.3 $ 6.9 $ — $ 6.9 $ 6.2 Total securitization transactions Retail financing $ 2.1 $ 38.9 $ 0.2 $ 38.7 $ 33.4 Wholesale financing 1.2 24.5 — 24.5 12.0 Finance receivables 3.3 63.4 0.2 63.2 45.4 Net investment in operating leases 0.5 11.5 — 11.5 7.2 Total securitization transactions $ 3.8 $ 74.9 $ 0.2 $ 74.7 $ 52.6 __________ (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 7. TRANSFERS OF RECEIVABLES (Continued) June 30, 2018 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 $ 2.0 $ 33.7 $ 0.2 $ 33.5 $ 29.4 Wholesale financing 0.5 22.1 — 22.1 13.0 Finance receivables 2.5 55.8 0.2 55.6 42.4 Net investment in operating leases 0.6 12.2 — 12.2 7.6 Total VIE $ 3.1 $ 68.0 $ 0.2 $ 67.8 $ 50.0 Non-VIE Retail financing $ 0.2 $ 5.6 $ — $ 5.6 $ 4.9 Wholesale financing — 0.2 — 0.2 0.2 Finance receivables 0.2 5.8 — 5.8 5.1 Net investment in operating leases — — — — — Total Non-VIE $ 0.2 $ 5.8 $ — $ 5.8 $ 5.1 Total securitization transactions Retail financing $ 2.2 $ 39.3 $ 0.2 $ 39.1 $ 34.3 Wholesale financing 0.5 22.3 — 22.3 13.2 Finance receivables 2.7 61.6 0.2 61.4 47.5 Net investment in operating leases 0.6 12.2 — 12.2 7.6 Total securitization transactions $ 3.3 $ 73.8 $ 0.2 $ 73.6 $ 55.1 __________ (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 cost.

Derivative Financial Instrume28

Derivative Financial Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	The gains / (losses), by hedge designation, recorded in income for the periods ended June 30 were as follows (in millions): Second Quarter First Half 2017 2018 2017 2018 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ 62 $ (2 ) $ 132 $ 24 Fair value changes on hedging instruments (a) 34 (90 ) (55 ) (429 ) Fair value changes on hedged debt (a) (30 ) 82 55 411 Derivatives not designated as hedging instruments Interest rate contracts 30 (20 ) 37 (37 ) Foreign currency exchange contracts (b) (61 ) 110 (90 ) 98 Cross-currency interest rate swap contracts 16 (125 ) 74 (183 ) Total $ 51 $ (45 ) $ 153 $ (116 ) __________ (a) For the first half of 2017 , the fair value changes on hedging instruments and on hedged debt were reported in Other income, net ; effective first quarter 2018 , these amounts were reported in Interest expense. (b) Reflects forward contracts between Ford Credit and an affiliated company.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The fair value of our derivative instruments and the associated notional amounts, presented gross, were as follows (in millions): December 31, 2017 June 30, 2018 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 28,008 $ 248 $ 135 $ 26,033 $ 137 $ 441 Derivatives not designated as hedging instruments Interest rate contracts 60,504 276 137 65,447 247 255 Foreign currency exchange contracts 2,406 3 10 3,798 55 17 Cross-currency interest rate swap contracts 4,006 408 28 5,852 270 143 Total derivative financial instruments, gross (a) (b) $ 94,924 $ 935 $ 310 $ 101,130 $ 709 $ 856 __________ (a) At December 31, 2017 and June 30, 2018 , we held collateral of $15 million and $9 million , respectively, and we posted collateral of $38 million and $56 million , respectively. (b) At December 31, 2017 and June 30, 2018 , the fair value of assets and liabilities available for counterparty netting was $162 million and $212 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.

Other Assets and Other Liabil29

Other Assets and Other Liabilities and Deferred Income (Tables)	6 Months Ended
	Jun. 30, 2018
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): December 31, June 30, Accrued interest and other non-finance receivables $ 1,117 $ 1,055 Prepaid reinsurance premiums and other reinsurance recoverables 611 639 Collateral held for resale, at net realizable value, and other inventory 780 634 Deferred charges – income taxes 247 224 Property and equipment, net of accumulated depreciation (a) 177 182 Restricted cash (b) 124 146 Investment in non-consolidated affiliates 107 133 Deferred charges 127 110 Other 39 56 Total other assets $ 3,329 $ 3,179 __________ (a) Accumulated depreciation was $354 million and $364 million at December 31, 2017 and June 30, 2018 , 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 revenue were as follows (in millions): December 31, June 30, Unearned insurance premiums and fees $ 723 $ 754 Interest payable 722 721 Income tax and related interest (a) 301 323 Deferred revenue 148 122 Payroll and employee benefits 68 51 Other 310 311 Total other liabilities and deferred income $ 2,272 $ 2,282 __________ (a) Includes tax and interest payable to affiliated companies of $ 99 million and $ 94 million at December 31, 2017 and June 30, 2018 , respectively.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Interest Rates Debt Average Contractual Average Effective December 31, June 30, 2017 2018 2017 2018 Short-term debt Unsecured debt Floating rate demand notes $ 5,660 $ 5,660 Commercial paper 4,889 4,453 Other short-term debt 5,890 3,623 Asset-backed debt 786 1,302 Total short-term debt 17,225 15,038 3.0 % 3.1 % 3.0 % 3.1 % Long-term debt Unsecured debt Notes payable within one year 13,298 12,636 Notes payable after one year 55,687 55,755 Asset-backed debt (a) Notes payable within one year 17,817 19,317 Notes payable after one year 34,051 34,625 Unamortized discount (1 ) — Unamortized issuance costs (228 ) (231 ) Fair value adjustments (b) (21 ) (453 ) Total long-term debt 120,603 121,649 2.5 % 2.6 % 2.6 % 2.7 % Total debt $ 137,828 $ 136,687 2.6 % 2.7 % 2.6 % 2.8 % Fair value of debt (c) $ 139,677 $ 138,669 __________ (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) These adjustments relate to designated fair value hedges. The carrying value of hedged debt was $39.0 billion and $37.5 billion at December 31, 2017 and June 30, 2018 , respectively. (c) The fair value of debt includes $16.4 billion and $13.7 billion of short-term debt at December 31, 2017 and June 30, 2018 , respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30 were as follows (in millions): Second Quarter First Half 2017 2018 2017 2018 Beginning AOCI balance $ (800 ) $ (306 ) $ (890 ) $ (419 ) Net gain / (loss) on foreign currency translation 191 (364 ) 281 (251 ) Ending AOCI balance $ (609 ) $ (670 ) $ (609 ) $ (670 )

Other Income, Net (Tables)

Other Income, Net (Tables)	6 Months Ended
	Jun. 30, 2018
Other Income and Expenses [Abstract]
Schedule of Other Income [Table Text Block]	The amounts included in Other income, net for the periods ended June 30 were as follows (in millions): Second Quarter First Half 2017 2018 2017 2018 Gains / (Losses) on derivatives $ (10 ) $ (35 ) $ 22 $ (122 ) Currency revaluation gains / (losses) 56 (18 ) 22 44 Interest and investment income 24 49 47 91 Other 16 5 25 25 Total other income, net $ 86 $ 1 $ 116 $ 38

Segment and Geographic Informat

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Key financial information for our business segments for the periods ended or at June 30 were as follows (in millions): Americas Europe Asia Pacific Total Segments Unallocated Other (a) Total Second Quarter 2017 Total revenue $ 2,461 $ 233 $ 108 $ 2,802 $ — $ 2,802 Income before income taxes 465 74 18 557 62 619 Other disclosures: Depreciation on vehicles subject to operating leases 1,027 10 — 1,037 — 1,037 Interest expense 643 62 64 769 — 769 Provision for credit losses 86 8 5 99 — 99 Second Quarter 2018 Total revenue $ 2,661 $ 298 $ 140 $ 3,099 $ — $ 3,099 Income before income taxes 548 103 27 678 (33 ) 645 Other disclosures: Depreciation on vehicles subject to operating leases 960 3 — 963 — 963 Interest expense 830 76 90 996 1 997 Provision for credit losses 84 8 — 92 — 92 First Half 2017 Total revenue $ 4,866 $ 461 $ 206 $ 5,533 $ — $ 5,533 Income before income taxes 823 151 46 1,020 80 1,100 Other disclosures: Depreciation on vehicles subject to operating leases 2,080 21 — 2,101 — 2,101 Interest expense 1,260 123 115 1,498 — 1,498 Provision for credit losses 230 14 7 251 — 251 Net finance receivables and net investment in operating leases 115,033 21,740 5,427 142,200 (7,207 ) 134,993 Total assets 120,704 23,819 5,971 150,494 — 150,494 First Half 2018 Total revenue $ 5,241 $ 594 $ 284 $ 6,119 $ — $ 6,119 Income before income taxes 1,063 214 73 1,350 (64 ) 1,286 Other disclosures: Depreciation on vehicles subject to operating leases 1,983 8 — 1,991 — 1,991 Interest expense 1,582 148 181 1,911 (2 ) 1,909 Provision for credit losses 195 13 3 211 — 211 Net finance receivables and net investment in operating leases 119,611 25,437 6,405 151,453 (8,246 ) 143,207 Total assets 125,436 27,391 6,784 159,611 — 159,611 __________ (a) Net finance receivables and Net investment in operating leases include unearned interest supplements and residual support, allowance for credit losses, and other (primarily accumulated supplemental depreciation).

Accounting Policies (Details)

Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	25.70%	8.20%
Capital Loss Carryforward		$ 235
Cumulative Effect of New Accounting Principle in Period of Adoption			$ 9
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease Liability Expected	$ 100	100
Operating Lease Right Of Use Asset Expected	$ 100	$ 100

Cash, Cash Equivalents, and M35

Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($) $ in Millions	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total cash and cash equivalents	$ 9,079		$ 9,558
Restricted Cash	146		124
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	9,225	$ 9,225	9,682	$ 7,468	$ 8,185
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	1,057		1,028
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	2,286		2,881
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	8,022		8,530
US Government [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	10		0
Marketable securities	404		966
US Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	0		300
Marketable securities	164		384
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	587		703
Marketable securities	1,045		660
Corporate debt [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	460		25
Marketable securities	516		848
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	$ 157		$ 23

Finance Receivables Net (Detail

Finance Receivables Net (Details) - USD ($) $ in Millions	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Net Finance Receivables [Abstract]
Financing Receivable, Gross	$ 116,480		$ 116,600	$ 108,822
Allowance for credit losses	(587)	$ (600)	(597)	(522)	$ (517)	$ (484)
Financing Receivable, Net	115,893		116,003	108,300
Net finance receivables subject to fair value	112,333		112,717
Finance receivables not subject to fair value	3,600		3,300
Uncollected interest receivable excluded from finance receivable	243		241
Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	75,716		75,187	68,287
Allowance for credit losses	(573)	(584)	(582)	(507)	(504)	(469)
Financing Receivable, Net	75,143			67,780
Continuing Involvement with Continued to be Recognized Transferred Financial Assets, Amount Outstanding	39,300		38,900
Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	40,764		41,413	40,535
Allowance for credit losses	(14)	$ (16)	(15)	(15)	$ (13)	$ (15)
Financing Receivable, Net	40,750			$ 40,520
Continuing Involvement with Continued to be Recognized Transferred Financial Assets, Amount Outstanding	22,300		24,500
Retail [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Finance receivables before unearned interest supplements	78,961		78,467
Unearned interest supplements from Ford and affiliated companies	(3,245)		(3,280)
Financing Receivable, Gross	75,716		75,187
Wholesale and Dealer Loans [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	38,955		39,241
Other Finance Receivables [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	1,809		2,172
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Net Finance Receivables [Abstract]
Fair value	$ 111,704		$ 112,133

Finance Receivables - Aging Ana

Finance Receivables - Aging Analysis (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold Period For Past Due Finance Receivables	31 days
Finance Receivables Aging Analysis [Abstract]
Financing Receivables	$ 116,480	$ 116,600	$ 108,822
Consumer Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	27	24
Finance Receivables Aging Analysis [Abstract]
Total past due	927	934
Current	74,789	74,253
Financing Receivables	75,716	75,187	68,287
Non-Consumer Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	1
Finance Receivables Aging Analysis [Abstract]
Total past due	70	122
Current	40,694	41,291
Financing Receivables	40,764	41,413	$ 40,535
31-60 Days Past Due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	730	748
61-90 Days Past Due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	120	113
91-120 Days Past Due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	37	36
Greater Than 120 Days Past Due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Total past due	$ 40	$ 37

Finance Receivables - Credit Qu

Finance Receivables - Credit Quality and Impaired Receivables (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 116,480	$ 116,600	$ 108,822
Consumer Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Threshold Period for Impaired Finance Receivables	120 days
Financing Receivables	$ 75,716	75,187	68,287
Impaired Financing Receivable, Recorded Investment	$ 378	$ 386
Impaired Financing Receivable Recorded Investment, Percentage of Receivable	0.50%	0.50%
Consumer Segment [Member] | Pass [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	60 days
Consumer Segment [Member] | Special Mention [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	61 days
Consumer Segment [Member] | Special Mention [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	120 days
Consumer Segment [Member] | Substandard [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	120 days
Non-Consumer Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 40,764	$ 41,413	$ 40,535
Impaired Financing Receivable, Recorded Investment	$ 96	$ 138
Impaired Financing Receivable Recorded Investment, Percentage of Receivable	0.20%	0.30%
Non-Consumer Segment [Member] | Wholesale and Dealer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 38,955	$ 39,241
Non-Consumer Segment [Member] | Wholesale and Dealer Loans [Member] | Group I
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	31,681	31,551
Non-Consumer Segment [Member] | Wholesale and Dealer Loans [Member] | Group II
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	5,699	5,912
Non-Consumer Segment [Member] | Wholesale and Dealer Loans [Member] | Group III
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	1,479	1,640
Non-Consumer Segment [Member] | Wholesale and Dealer Loans [Member] | Group IV
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 96	$ 138

Net Investments in Operating 39

Net Investments in Operating Leases (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Property Subject to or Available for Operating Lease [Line Items]
Length of lease contract	60 months or less
Vehicles, at cost	$ 33,410		$ 32,659
Accumulated depreciation	(6,024)		(5,927)
Net investment in operating leases before allowance for credit losses	27,386		26,732	$ 26,759
Allowance for credit losses	(72)	$ (71)	(71)	(66)	$ (67)	$ (64)
Net investment in operating leases	27,314		26,661	$ 26,693
Net Investment in Operating Leases [Member]
Property Subject to or Available for Operating Lease [Line Items]
Continuing Involvement with Continued to be Recognized Transferred Financial Assets, Amount Outstanding	$ 12,200		$ 11,500

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Allowance for credit losses, finance receivables
Beginning balance	$ 600	$ 517	$ 597	$ 484
Charge-offs	(124)	(112)	(257)	(237)
Recoveries	48	38	88	72
Provision for credit losses	70	73	164	194
Other	(7)	6	(5)	9
Ending balance	587	522	587	522
Analysis of ending balance of allowance for credit losses, finance receivables
Collective impairment allowance	565	500	565	500
Specific impairment allowance	22	22	22	22
Ending balance	587	522	587	522
Analysis of ending balance of finance receivables
Collectively evaluated for impairment	116,006	108,260	116,006	108,260
Specifically evaluated for impairment	474	562	474	562
Financing Receivables	116,480	108,822	116,480	108,822	$ 116,600
Allowance for credit losses, net investment in operating leases
Beginning balance	71	67	71	64
Charge-offs	(47)	(52)	(98)	(104)
Recoveries	26	25	52	49
Other	0	0	0	0
Ending balance	72	66	72	66
Analysis of ending balance of allowance for credit losses, net investment in operating leases
Collective impairment allowance	72	66	72	66
Specific impairment allowance	0	0	0	0
Ending balance	72	66	72	66
Analysis of ending balance of net investment in operating leases
Collectively evaluated for impairment	27,386	26,759	27,386	26,759
Individually evaluated for impairment	0	0	0	0
Net investment in operating leases before allowance for credit losses	27,386	26,759	27,386	26,759	26,732
Total allowance
Beginning balance	671	584	668	548
Charge-offs	(171)	(164)	(355)	(341)
Recoveries	74	63	140	121
Provision for credit losses	92	99	211	251
Other	(7)	6	(5)	9
Ending balance	659	588	659	588
Analysis of Ending Balance of Finance Receivables and Net Investment in Operating Leases [Abstract]
Collective impairment allowance	637	566	637	566
Specific impairment allowance	22	22	22	22
Ending balance	659	588	659	588
Ending balance, net of allowance for credit losses	115,893	108,300	115,893	108,300	116,003
Ending balance, net investment in operating leases	27,314	26,693	27,314	26,693	26,661
Net Investment in Operating Leases [Member]
Allowance for credit losses, finance receivables
Provision for credit losses	22	26	47	57
Consumer Segment [Member]
Allowance for credit losses, finance receivables
Beginning balance	584	504	582	469
Charge-offs	(123)	(110)	(254)	(233)
Recoveries	47	35	86	69
Provision for credit losses	72	73	164	194
Other	(7)	5	(5)	8
Ending balance	573	507	573	507
Analysis of ending balance of allowance for credit losses, finance receivables
Collective impairment allowance	552	487	552	487
Specific impairment allowance	21	20	21	20
Ending balance	573	507	573	507
Analysis of ending balance of finance receivables
Collectively evaluated for impairment	75,338	67,906	75,338	67,906
Specifically evaluated for impairment	378	381	378	381
Financing Receivables	75,716	68,287	75,716	68,287	75,187
Analysis of Ending Balance of Finance Receivables and Net Investment in Operating Leases [Abstract]
Ending balance, net of allowance for credit losses	75,143	67,780	75,143	67,780
Non-Consumer Segment [Member]
Allowance for credit losses, finance receivables
Beginning balance	16	13	15	15
Charge-offs	(1)	(2)	(3)	(4)
Recoveries	1	3	2	3
Provision for credit losses	(2)	0	0	0
Other	0	1	0	1
Ending balance	14	15	14	15
Analysis of ending balance of allowance for credit losses, finance receivables
Collective impairment allowance	13	13	13	13
Specific impairment allowance	1	2	1	2
Ending balance	14	15	14	15
Analysis of ending balance of finance receivables
Collectively evaluated for impairment	40,668	40,354	40,668	40,354
Specifically evaluated for impairment	96	181	96	181
Financing Receivables	40,764	40,535	40,764	40,535	$ 41,413
Analysis of Ending Balance of Finance Receivables and Net Investment in Operating Leases [Abstract]
Ending balance, net of allowance for credit losses	$ 40,750	$ 40,520	$ 40,750	$ 40,520

Transfers of Receivables - Asse

Transfers of Receivables - Assets and Liabilities of Securitizations (Details) - USD ($) $ in Millions	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Securitization Transactions [Line Items]
Cash and cash equivalents	$ 9,079		$ 9,558
Allowance for Credit Losses	659	$ 671	668	$ 588	$ 584	$ 548
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	143,207			$ 134,993
Related Debt	136,687		137,828
Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	3,079		3,479
Related Debt	50,012		46,437
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	3,100		3,500
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	68,000		68,000
Allowance for Credit Losses	200		200
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	67,800		67,800
Related Debt	50,000		46,400
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,500		3,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	55,800		56,500
Allowance for Credit Losses	200		200
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	55,600		56,300
Related Debt	42,400		39,200
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,000		1,800
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	33,700		32,600
Allowance for Credit Losses	200		200
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	33,500		32,400
Related Debt	29,400		27,700
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500		1,200
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	22,100		23,900
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	22,100		23,900
Related Debt	13,000		11,500
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	600		500
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	12,200		11,500
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	12,200		11,500
Related Debt	7,600		7,200
Consolidated Entities [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	3,300		3,800
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	73,800		74,900
Allowance for Credit Losses	200		200
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	73,600		74,700
Related Debt	55,100		52,600
Consolidated Entities [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,700		3,300
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	61,600		63,400
Allowance for Credit Losses	200		200
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	61,400		63,200
Related Debt	47,500		45,400
Consolidated Entities [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,200		2,100
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	39,300		38,900
Allowance for Credit Losses	200		200
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	39,100		38,700
Related Debt	34,300		33,400
Consolidated Entities [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500		1,200
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	22,300		24,500
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	22,300		24,500
Related Debt	13,200		12,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	600		500
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	12,200		11,500
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	12,200		11,500
Related Debt	7,600		7,200
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	200		300
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	5,800		6,900
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	5,800		6,900
Related Debt	5,100		6,200
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	200		300
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	5,800		6,900
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	5,800		6,900
Related Debt	5,100		6,200
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	200		300
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	5,600		6,300
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	5,600		6,300
Related Debt	4,900		5,700
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	0		0
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	200		600
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	200		600
Related Debt	200		500
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	0		0
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	0		0
Allowance for Credit Losses	0		0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	0		0
Related Debt	$ 0		$ 0

Derivative Financial Instrume42

Derivative Financial Instruments and Hedging Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Derivative [Line Items]
Debt Carrying Value Fair Value	$ 37,500		$ 37,500		$ 39,000
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(45)	$ 51	(116)	$ 153
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Notional	101,130		101,130		94,924
Fair Value of Derivative Assets	709		709		935
Fair Value of Derivative Liabilities	856		856		310
Derivative, Collateral, Obligation to Return Cash	9		9		15
Derivative, Collateral, Right to Reclaim Cash	56		56		38
Derivative Asset, Not Offset, Policy Election Deduction	212		212		162
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(20)	30	(37)	37
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Notional	65,447		65,447		60,504
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	(2)	62	24	132
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(90)	34	(429)	(55)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	82	(30)	411	55
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Notional	26,033		26,033		28,008
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	110	(61)	98	(90)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Notional	3,798		3,798		2,406
Cross Currency Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(125)	$ 16	(183)	$ 74
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Notional	5,852		5,852		4,006
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	247		247		276
Fair Value of Derivative Liabilities	255		255		137
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	137		137		248
Fair Value of Derivative Liabilities	441		441		135
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	55		55		3
Fair Value of Derivative Liabilities	17		17		10
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	270		270		408
Fair Value of Derivative Liabilities	$ 143		$ 143		$ 28

Other Assets and Other Liabil43

Other Assets and Other Liabilities and Deferred Income (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Schedule of Other Assets and Liabilities [Line Items]
Related Party Transactions Income Taxes and Related Interest Payable	$ 94	$ 99
Other Assets [Abstract]
Accrued interest and other non-finance receivables	1,055	1,117
Collateral held for resale, at net realizable value, and other inventory	634	780
Prepaid reinsurance premiums and other reinsurance recoverables	639	611
Deferred charges - income taxes	224	247
Property and equipment, net of accumulated depreciation	182	177
Deferred charges	110	127
Restricted cash	146	124
Investment in non-consolidated affiliates	133	107
Other	56	39
Total other assets	3,179	3,329
Accumulated depreciation	364	354
Other Liabilities and Deferred Income [Abstract]
Unearned insurance premiums and fees	754	723
Interest payable	721	722
Taxes Payable	323	301
Deferred revenue	122	148
Payroll and employee benefits	51	68
Other	311	310
Total other liabilities and deferred income	2,282	2,272
Deferred Revenue, Admission Fees	96	124
Cost Method Investments	$ 9	$ 7

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total short-term debt	$ 15,038	$ 17,225
Unamortized discount	0	(1)
Unamortized debt issuance costs	(231)	(228)
Fair value adjustments	(453)	(21)
Total long-term debt	121,649	120,603
Total debt	$ 136,687	$ 137,828
Average Contractual (interest rate)	2.70%	2.60%
Average Effective (interest rate)	2.80%	2.60%
Debt Carrying Value Fair Value	$ 37,500	$ 39,000
Fair value of short-term debt	13,700	16,400
Floating Rate Demand Notes [Member]
Debt Instrument [Line Items]
Total short-term debt	5,660	5,660
Unsecured commercial paper [Member]
Debt Instrument [Line Items]
Total short-term debt	4,453	4,889
Other short-term debt [Member]
Debt Instrument [Line Items]
Total short-term debt	3,623	5,890
Asset-backed Securities [Member]
Debt Instrument [Line Items]
Total short-term debt	1,302	786
Notes payable within one year	19,317	17,817
Notes payable after one year	$ 34,625	$ 34,051
Total short-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	3.10%	3.00%
Average Effective (interest rate)	3.10%	3.00%
Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes payable within one year	$ 12,636	$ 13,298
Notes payable after one year	$ 55,755	$ 55,687
Total long-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	2.60%	2.50%
Average Effective (interest rate)	2.70%	2.60%
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member]
Debt Instrument [Line Items]
Fair value of debt	$ 138,669	$ 139,677

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cumulative Translation Adjustment Summary [Roll Forward]
Beginning balance	$ (306)	$ (800)	$ (419)	$ (890)	$ (890)
Net gain/(loss) on Foreign Currency Transaction	(364)	191	(251)	281
Ending balance	$ (670)	$ (609)	$ (670)	$ (609)	(419)	$ (890)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax [Abstract]
Net gain/(loss) on foreign currency translation, tax adjustment					$ 0	$ 0	$ 0

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other Income and Expenses [Abstract]
Gains/(Losses) on derivatives	$ (35)	$ (10)	$ (122)	$ 22
Currency revaluation gains/(losses)	(18)	56	44	22
Interest and investment income	49	24	91	47
Other	5	16	25	25
Total other income, net	$ 1	$ 86	$ 38	$ 116

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total revenue	$ 3,099	$ 2,802	$ 6,119	$ 5,533
Income before income taxes	645	619	1,286	1,100
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	963	1,037	1,991	2,101
Interest expense	997	769	1,909	1,498
Provision for credit losses	92	99	211	251
Net finance receivables and net investment in operating leases	143,207	134,993	143,207	134,993
Total assets	159,611	150,494	159,611	150,494	$ 160,443
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	3,099	2,802	6,119	5,533
Income before income taxes	678	557	1,350	1,020
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	963	1,037	1,991	2,101
Interest expense	996	769	1,911	1,498
Provision for credit losses	92	99	211	251
Net finance receivables and net investment in operating leases	151,453	142,200	151,453	142,200
Total assets	159,611	150,494	159,611	150,494
Operating Segments [Member] | Americas [Member]
Segment Reporting Information [Line Items]
Total revenue	2,661	2,461	5,241	4,866
Income before income taxes	548	465	1,063	823
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	960	1,027	1,983	2,080
Interest expense	830	643	1,582	1,260
Provision for credit losses	84	86	195	230
Net finance receivables and net investment in operating leases	119,611	115,033	119,611	115,033
Total assets	125,436	120,704	125,436	120,704
Operating Segments [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Total revenue	298	233	594	461
Income before income taxes	103	74	214	151
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	3	10	8	21
Interest expense	76	62	148	123
Provision for credit losses	8	8	13	14
Net finance receivables and net investment in operating leases	25,437	21,740	25,437	21,740
Total assets	27,391	23,819	27,391	23,819
Operating Segments [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Total revenue	140	108	284	206
Income before income taxes	27	18	73	46
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0	0
Interest expense	90	64	181	115
Provision for credit losses	0	5	3	7
Net finance receivables and net investment in operating leases	6,405	5,427	6,405	5,427
Total assets	6,784	5,971	6,784	5,971
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Income before income taxes	(33)	62	(64)	80
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0	0
Interest expense	1	0	(2)	0
Provision for credit losses	0	0	0	0
Net finance receivables and net investment in operating leases	(8,246)	(7,207)	(8,246)	(7,207)
Total assets	$ 0	$ 0	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Guarantor Obligations [Line Items]
Guarantor Obligations, Current Carrying Value	$ 0	$ 0
Financial Guarantee [Member]
Guarantor Obligations [Line Items]
Maximum potential payments	55	52
Counter Guarantee [Member] | Ford Motor Company [Member]
Guarantor Obligations [Line Items]
Counter guarantee	$ 44	$ 44