Ford Motor Credit (FCZ) 10-Q 26 Oct 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document	9 Months Ended
	Sep. 30, 2022 shares
Document Transition Report	false
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Entity Registrant Name	Ford Motor Credit Co LLC
Entity Central Index Key	0000038009
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Entity File Number	1-6368
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding	0
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
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.
Local Phone Number	(313)
Entity Tax Identification Number	38-1612444
Entity Address, Address Line One	One American Road
Entity Address, City or Town	Dearborn,
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48126
Local Phone Number	322-3000
Entity Interactive Data Current	Yes
Entity Shell Company	false
Document Period End Date	Sep. 30, 2022
F/23E [Member]
Trading Symbol	F/23E
Security Exchange Name	NYSE
Title of 12(b) Security	0.623% Notes due June 28, 2023*
F/25i [Member]
Trading Symbol	F/25I
Security Exchange Name	NYSE
Title of 12(b) Security	1.355% Notes due February 7, 2025*
F/24O [Member]
Trading Symbol	F/24O
Security Exchange Name	NYSE
Title of 12(b) Security	4.125% Notes due on June 20, 2024*
F/24M [Member]
Trading Symbol	F/24M
Security Exchange Name	NYSE
Title of 12(b) Security	3.021% Notes due March 6, 2024*
F/25K [Member]
Trading Symbol	F/25K
Security Exchange Name	NYSE
Title of 12(b) Security	4.535% Notes due March 6, 2025*
F/26N [Member]
Trading Symbol	F/26N
Security Exchange Name	NYSE
Title of 12(b) Security	3.350% Notes due Nine Months or More from the Date of Issue due August 20, 2026
F/23G [Member]
Trading Symbol	F/23G
Security Exchange Name	NYSE
Title of 12(b) Security	1.514% Notes due February 17, 2023*
F/26AB [Member]
Trading Symbol	F/26AB
Security Exchange Name	NYSE
Title of 12(b) Security	2.386% Notes due February 17, 2026*
F/24R [Member]
Trading Symbol	F/24R
Security Exchange Name	NYSE
Title of 12(b) Security	1.744% Notes due July 19, 2024*
F/25L [Member]
Trading Symbol	F/25L
Security Exchange Name	NYSE
Title of 12(b) Security	2.330% Notes due on November 25, 2025*
F/24Q [Member]
Trading Symbol	F/24Q
Security Exchange Name	NYSE
Title of 12(b) Security	3.683% Notes due on December 3, 2024*
F/25M
Trading Symbol	F/25M
Security Exchange Name	NYSE
Title of 12(b) Security	3.250% Notes due September 15, 2025*
F/24S
Trading Symbol	F/24S
Security Exchange Name	NYSE
Title of 12(b) Security	2.748% Notes due on June 14, 2024*
F/24L [Member]
Trading Symbol	F/24L
Security Exchange Name	NYSE
Title of 12(b) Security	Floating Rate Notes due December 1, 2024*
F/22T [Member]
Trading Symbol	F/22T
Security Exchange Name	NYSE
Title of 12(b) Security	Floating Rate Notes due December 7, 2022*
F/23D [Member]
Trading Symbol	F/23D
Security Exchange Name	NYSE
Title of 12(b) Security	Floating Rate Notes due November 15, 2023*

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing revenue
Retail financing	$ 857	$ 955	$ 2,637	$ 2,949
Dealer financing	270	148	655	621
Other	17	9	39	36
Revenue from Contract with Customer, Excluding Assessed Tax	2,267	2,397	6,831	7,638
Depreciation on vehicles subject to operating leases	(579)	(441)	(1,643)	(1,200)
Interest expense	(851)	(668)	(2,119)	(2,152)
Net financing margin	837	1,288	3,069	4,286
Other revenue
Premiums Earned, Net	19	15	51	59
Fee based revenue and other	17	61	95	134
Total financing margin and other revenue	873	1,364	3,215	4,479
Operating expenses	336	323	991	988
Financing Receivable, Credit Loss, Expense (Reversal)	39	(59)	(81)	(265)
Insurance expenses	(2)	5	0	14
Total expenses	373	269	910	737
Other Income / Loss	89	(18)	(59)	(80)
Income before income taxes	589	1,077	2,246	3,662
Provision for income taxes	151	97	335	186
Net income	438	980	1,911	3,476
Operating Lease, Lease Income	$ 1,123	$ 1,285	$ 3,500	$ 4,032

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income	$ 438	$ 980	$ 1,911	$ 3,476
Other comprehensive income/(loss), net of tax
Comprehensive income / (loss)	(38)	801	1,220	3,304
Parent [Member]
Other comprehensive income/(loss), net of tax
Foreign currency translation	(476)	(179)	(922)	(172)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	$ 0	$ 0	$ 231	$ 0

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 6,351	$ 10,963
Marketable securities	1,845	2,173
Net Investment in Operating Leases	22,478	25,167
Finance receivables, net	92,994	92,350
Notes and accounts receivable from affiliated companies	641	703
Derivative financial instruments	1,165	1,065
Other assets	2,444	2,524
Total assets	127,918	134,945
Liabilities
Accounts Payable, Trade	1,227	1,051
Affiliated companies	693	425
Accounts Payable And Due To Affiliated Entities	1,920	1,476
Debt	108,044	117,717
Deferred income taxes	876	676
Derivative financial instruments	3,628	512
Other liabilities and deferred income	2,015	2,166
Total liabilities	116,483	122,547
Shareholder's Interest [Member]	5,166	5,227
SHAREHOLDER’S INTEREST	0	22
Shareholder's interest
Accumulated other comprehensive income	(1,381)	(690)
Retained earnings	7,650	7,839
Stockholders' Equity Attributable to Parent	11,435	12,376
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	11,435	12,398
Total liabilities and shareholder's interest	127,918	134,945
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash and cash equivalents	2,116	3,407
Net Investment in Operating Leases	11,016	7,540
Finance receivables, net	42,657	43,001
Derivative financial instruments	272	39
Liabilities
Debt	38,121	38,274
Derivative financial instruments	0	6
Retail Installment loans, dealer financing, and other financing [Member]
ASSETS
Finance receivables, net	87,083	85,347
Loans and Finance Receivables [Member]
ASSETS
Finance receivables, net	5,911	7,003
Property Subject to Operating Lease [Member]
ASSETS
Net Investment in Operating Leases	$ 22,478	$ 25,167

Consolidated Balance Sheet (par

Consolidated Balance Sheet (parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Financing Receivable, Allowance for Credit Loss	$ (760)	$ (763)	$ (925)	$ (984)	$ (1,061)	$ (1,305)

Consolidated Statement of Share

Consolidated Statement of Shareholder's Interest - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Shareholder's Interest [Roll Forward]
Balance at beginning of period			$ 12,376				$ 12,376
Net income	$ 438	$ 804	669	$ 980	$ 1,651	$ 845	1,911	$ 3,476
Other Comprehensive Income (Loss), Net of Tax	(476)	(367)	152	(179)	108	(101)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance	11,973	12,136	12,398	13,070	15,311	15,567	12,398	15,567
Distributions declared	(500)	(600)	(1,000)	(1,500)	(4,000)	(1,000)
Stockholders' Equity, Other			(83)
Balance at end of period	11,435						11,435
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	11,435	11,973	12,136	12,371	13,070	15,311	11,435	12,371
SHAREHOLDER’S INTEREST	0						0		$ 22
Shareholder's Interest [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	5,166	5,166	5,227	5,227	5,227	5,227	5,227	5,227
Net income	0	0	0	0	0	0
Other Comprehensive Income (Loss), Net of Tax	0	0	0	0	0	0
Distributions declared	0	0	0	0	0	0
Stockholders' Equity, Other			(61)
Balance at end of period	5,166	5,166	5,166	5,227	5,227	5,227	5,166	5,227
Accumulated Other Comprehensive Income/(Loss) (Note11) [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	(905)	(538)	(690)	(471)	(579)	(478)	(690)	(478)
Net income	0	0	0	0	0	0
Other Comprehensive Income (Loss), Net of Tax	(476)	(367)	152	(179)	108	(101)
Distributions declared	0	0	0	0	0	0
Stockholders' Equity, Other			0
Balance at end of period	(1,381)	(905)	(538)	(650)	(471)	(579)	(1,381)	(650)
Retained Earnings [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	7,712	7,508	7,839	8,314	10,663	10,818	7,839	10,818
Net income	438	804	669	980	1,651	845
Other Comprehensive Income (Loss), Net of Tax	0	0	0	0	0	0
Distributions declared	(500)	(600)	(1,000)	(1,500)	(4,000)	(1,000)
Stockholders' Equity, Other			0
Balance at end of period	7,650	7,712	7,508	7,794	8,314	10,663	7,650	7,794
Noncontrolling Interest
Shareholder's Interest [Roll Forward]
Net income	0	0	0	0	0	0
Other Comprehensive Income (Loss), Net of Tax	0	0	0	0	0	0
Distributions declared	0	0	0	0	0	0
Stockholders' Equity, Other			(22)
SHAREHOLDER’S INTEREST	0	0		0	0	0	0	0	$ 22	$ 0
Parent [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	11,973	12,136	12,376				12,376
Net income	438	804	669	980	1,651	845
Other Comprehensive Income (Loss), Net of Tax	(476)	(367)	152	(179)	108	(101)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance				13,070	15,311	15,567		15,567
Distributions declared	(500)	(600)	(1,000)	(1,500)	(4,000)	(1,000)
Stockholders' Equity, Other			(61)
Balance at end of period	$ 11,435	$ 11,973	$ 12,136				$ 11,435
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance				$ 12,371	$ 13,070	$ 15,311		$ 12,371

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net Income	$ 1,911	$ 3,476
Financing Receivable, Credit Loss, Expense (Reversal)	(81)	(265)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation Depletion and Amortizations	2,131	1,752
Amortization Of Upfront Interest Supplements	(1,428)	(1,716)
Net change in deferred income taxes	278	(15)
Net change in other assets	(377)	558
Net change in other liabilities	668	(43)
All other operating activities	83	119
Net Cash Provided by (Used in) Operating Activities	3,185	3,866
Cash flows from investing activities
Purchases of finance receivables	(24,934)	(25,076)
Principal collections of finance receivables	28,252	31,378
Purchases of operating lease vehicles	(6,949)	(8,367)
Proceeds From Liquidations of Operating Lease Vehicles	7,736	8,716
Net change in wholesale receivables and other	(6,800)	8,525
Purchases of marketable securities	(3,341)	(7,143)
Proceeds from sales and maturities of marketable securities	3,585	9,940
Settlements of derivatives	179	(44)
All other investing activities	(69)	(53)
Net Cash Provided by (Used in) Investing Activities	(2,341)	17,876
Cash flows from financing activities
Proceeds from issuances of long-term debt	29,560	17,000
Principal payments on long-term debt	(33,578)	(35,729)
Change in short-term debt, net	1,137	1,712
Cash distributions to parent	(2,100)	(6,500)
All other financing activities	(58)	(52)
Net Cash Provided by (Used in) Financing Activities	(5,039)	(23,569)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(443)	(77)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at January 1	11,091	14,996
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(4,638)	(1,904)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at March 31	$ 6,453	$ 13,092

Presentation

Presentation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Presentation	PRESENTATIONPrinciples of ConsolidationThe consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States (“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 its 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, 2021 (“2021 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.

Accounting Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Accounting Policies	ACCOUNTING POLICIES Adoption of New Accounting Standards We adopted the following Accounting Standards Updates (“ASUs”) during 2022, none of which had a material impact to our consolidated financial statements or financial statement disclosures: ASU Effective Date 2021-05 Lessors - Certain Leases with Variable Lease Payments January 1, 2022 2021-08 Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers January 1, 2022 2021-10 Government Assistance: Disclosures by Business Entities about Government Assistance January 1, 2022 Accounting Standards Issued But Not Yet Adopted ASU 2022-02, Financial Instruments - Credit Losses, Troubled Debt Restructurings and Vintage Disclosures. In March 2022, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard that eliminates the troubled debt recognition and measurement guidance. The new standard requires that an entity apply the loan refinancing and restructuring guidance in ASC 310 to all loan modifications and/or receivable modifications. It also enhances disclosure requirements for certain refinancings and restructurings by creditors when a borrower is experiencing financial difficulty and requires disclosure of current-period gross charge-offs by year of origination in the vintage disclosure. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The adoption of the new standard is not expected to have a material impact on our consolidated financial statements or financial statement disclosures. The Company considers the applicability and impacts of all ASUs. All other ASUs were assessed and determined to be either not applicable or are not expected to have a material impact on our consolidated financial statements or financial statement disclosures. Provision for Income Taxes For interim tax reporting, we estimate one single effective tax rate for subsidiaries that are subject to tax, 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.

Cash and Cash Equivalents

Cash and Cash Equivalents	9 Months Ended
	Sep. 30, 2022
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES	CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES The fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis were as follows (in millions): Fair Value Level December 31, September 30, Cash and cash equivalents United States government 1 $ 711 $ 30 United States government agencies 2 240 — Non-United States government and agencies 2 152 369 Corporate debt 2 940 663 Total marketable securities classified as cash equivalents 2,043 1,062 Cash, time deposits, and money market funds 8,920 5,289 Total cash and cash equivalents $ 10,963 $ 6,351 Marketable securities United States government 1 $ 864 $ 305 United States government agencies 2 75 245 Non-United States government and agencies 2 697 866 Corporate debt 2 304 265 Other marketable securities 2 233 164 Total marketable securities $ 2,173 $ 1,845 Cash, Cash Equivalents, and Restricted Cash Cash, cash equivalents, and restricted cash, as reported in the consolidated statements of cash flows, were as follows (in millions): December 31, September 30, Cash and cash equivalents $ 10,963 $ 6,351 Restricted cash (a) 128 102 Total cash, cash equivalents, and restricted cash $ 11,091 $ 6,453 __________ (a) Restricted cash is included in Other assets on our consolidated balance sheets and is primarily 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.

Finance Receivables

Finance Receivables	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Financing Receivables	FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES 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 are recorded at the time of origination or purchase at fair value and are subsequently reported at amortized cost, net of any allowance for credit losses. 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. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) Total Finance Receivables, Net Total finance receivables, net were as follows (in millions): December 31, September 30, Consumer Retail installment contracts, gross $ 69,247 $ 64,613 Finance leases, gross 7,318 6,196 Retail financing, gross 76,565 70,809 Unearned interest supplements from Ford and affiliated companies (3,020) (2,311) Consumer finance receivables 73,545 68,498 Non-Consumer Dealer financing 18,197 23,636 Other financing 1,533 1,620 Non-Consumer finance receivables 19,730 25,256 Total recorded investment $ 93,275 $ 93,754 Recorded investment in finance receivables $ 93,275 $ 93,754 Allowance for credit losses (925) (760) Total finance receivables, net $ 92,350 $ 92,994 Net finance receivables subject to fair value (a) $ 85,347 $ 87,083 Fair value (b) 86,199 84,625 __________ (a) Net finance receivables subject to fair value exclude finance leases. (b) The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy. Finance leases are comprised of sales-type and direct financing leases. Financing revenue from finance leases for the third quarter of 2021 and 2022 was $86 million and $73 million, respectively, and for the first nine months of 2021 and 2022 was $264 million and $223 million, respectively, and is included in Retail financing on our consolidated income statements. At December 31, 2021 and September 30, 2022, accrued interest was $125 million and $132 million, respectively, which we report in Other assets on our consolidated balance sheets. Included in the recorded investment in finance receivables were consumer and non-consumer receivables that have been sold for legal purposes in securitization transactions but continue to be reported in our consolidated financial statements. See Note 6 for additional information. Credit Quality Consumer Portfolio. Credit quality ratings for consumer receivables are based on our aging analysis. 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. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) The credit quality analysis of consumer receivables at December 31, 2021 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2017 2017 2018 2019 2020 2021 Total Percent Consumer 31-60 days past due $ 39 $ 52 $ 98 $ 120 $ 186 $ 91 $ 586 0.8 % 61-120 days past due 7 10 20 29 40 21 127 0.2 % Greater than 120 days past due 10 6 6 9 11 1 43 — % Total past due 56 68 124 158 237 113 756 1.0 % Current 812 2,608 6,568 12,717 22,730 27,354 72,789 99.0 % Total $ 868 $ 2,676 $ 6,692 $ 12,875 $ 22,967 $ 27,467 $ 73,545 100.0 % The credit quality analysis of consumer receivables at September 30, 2022 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2018 2018 2019 2020 2021 2022 Total Percent Consumer 31-60 days past due $ 46 $ 60 $ 85 $ 165 $ 120 $ 63 $ 539 0.8 % 61-120 days past due 9 12 19 34 30 14 118 0.2 % Greater than 120 days past due 10 5 6 7 7 2 37 — % Total past due 65 77 110 206 157 79 694 1.0 % Current 1,273 3,322 7,297 15,423 19,979 20,510 67,804 99.0 % Total $ 1,338 $ 3,399 $ 7,407 $ 15,629 $ 20,136 $ 20,589 $ 68,498 100.0 % Non-Consumer Portfolio. The credit quality of dealer financing receivables is evaluated based on our internal dealer risk rating analysis. We use a proprietary model to assign each dealer a risk rating. This model uses historical dealer performance data to identify key factors about a dealer that we consider most significant in predicting a dealer’s ability to meet its financial obligations. We also consider numerous other financial and qualitative factors of the dealer’s operations, including capitalization and leverage, liquidity and cash flow, profitability, and credit history with ourselves and other creditors. 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. The credit quality analysis of dealer financing receivables at December 31, 2021 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2017 2017 2018 2019 2020 2021 Total Wholesale Loans Total Percent Group I $ 391 $ 68 $ 151 $ 45 $ 109 $ 345 $ 1,109 $ 13,670 $ 14,779 81.2 % Group II 11 7 26 2 4 54 104 2,689 2,793 15.3 % Group III 8 — 1 — 1 20 30 529 559 3.1 % Group IV — — 4 — — 6 10 56 66 0.4 % Total (a) $ 410 $ 75 $ 182 $ 47 $ 114 $ 425 $ 1,253 $ 16,944 $ 18,197 100.0 % __________ (a) Total past due dealer financing receivables at December 31, 2021 were $62 million. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) The credit quality analysis of dealer financing receivables at September 30, 2022 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2018 2018 2019 2020 2021 2022 Total Wholesale Loans Total Percent Group I $ 418 $ 153 $ 37 $ 65 $ 196 $ 209 $ 1,078 $ 19,597 $ 20,675 87.5 % Group II 2 22 1 5 — 39 69 2,596 2,665 11.3 % Group III — — — — — 10 10 250 260 1.1 % Group IV — — 1 — — 3 4 32 36 0.1 % Total (a) $ 420 $ 175 $ 39 $ 70 $ 196 $ 261 $ 1,161 $ 22,475 $ 23,636 100.0 % __________ (a) Total past due dealer financing receivables at September 30, 2022 were $5 million. Non-Accrual of Revenue. The accrual of financing revenue is discontinued at the time a receivable is determined to be uncollectible or when it is 90 days past due. Accounts may be restored to accrual status only when a customer settles all past-due deficiency balances and future payments are reasonably assured. For receivables in non-accrual status, subsequent financing revenue is recognized only to the extent a payment is received. Payments are generally applied first to outstanding interest and then to the unpaid principal balance. Troubled Debt Restructuring (“TDR”). 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 the 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. Allowance for Credit Losses The allowance for credit losses represents our estimate of the lifetime expected credit losses inherent in finance receivables as of the balance sheet date. The adequacy of the allowance for credit losses is assessed quarterly. Adjustments to the allowance for credit losses are made by recording charges to the Provision for/(Benefit from) credit losses on our consolidated income statements. The uncollectible portion of a finance receivable is charged to the allowance for credit losses at the earlier of when an account is deemed to be uncollectible or when an account is 120 days delinquent, taking into consideration the financial condition of the customer or borrower, the value of the collateral, recourse to guarantors, and other factors. Charge-offs on finance receivables include uncollected amounts related to principal, interest, late fees, and other allowable charges. Recoveries on finance receivables previously charged off as uncollectible are credited to the allowance for credit losses. In the event we repossess the collateral, the receivable is charged off and the collateral is recorded at its estimated fair value less costs to sell and reported in Other assets on our consolidated balance sheets. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) An analysis of the allowance for credit losses related to finance receivables for the periods ended September 30 was as follows (in millions): Third Quarter 2021 First Nine Months 2021 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 1,022 $ 39 $ 1,061 $ 1,245 $ 60 $ 1,305 Charge-offs (58) (2) (60) (210) (5) (215) Recoveries 50 1 51 158 6 164 Provision for/(Benefit from) credit losses (58) (1) (59) (242) (23) (265) Other (a) (9) — (9) (4) (1) (5) Ending balance $ 947 $ 37 $ 984 $ 947 $ 37 $ 984 Third Quarter 2022 First Nine Months 2022 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 754 $ 9 $ 763 $ 903 $ 22 $ 925 Charge-offs (73) — (73) (196) (1) (197) Recoveries 39 1 40 126 3 129 Provision for/(Benefit from) credit losses 40 (1) 39 (67) (14) (81) Other (a) (9) — (9) (15) (1) (16) Ending balance $ 751 $ 9 $ 760 $ 751 $ 9 $ 760 __________ (a) Primarily represents amounts related to translation adjustments. During the third quarter and first nine months of 2022, the allowance for credit losses decreased $3 million and $165 million, respectively, primarily due to our current expectation that COVID-related losses have been avoided. Although net charge-offs remained low in the third quarter and first nine months of 2022, due, in part, to high vehicle auction values, the impact of rising inflation, high energy prices, and higher interest rates on future credit losses remains uncertain. We will continue to monitor economic trends and conditions and portfolio performance and will adjust the reserve accordingly.

Net Investments in Operating Le

Net Investments in Operating Leases	9 Months Ended
	Sep. 30, 2022
Leases, Operating [Abstract]
NET INVESTMENT IN OPERATING LEASES	NET INVESTMENT IN OPERATING LEASES Net investment in operating leases consists primarily of lease contracts for vehicles with individuals, daily rental companies, and fleet customers with terms of 60 months or less. Included in Net investment in operating leases are net investment in operating leases that have been sold for legal purposes in securitization transactions but continue to be reported in our consolidated financial statements. See Note 6 for additional information. Net investment in operating leases was as follows (in millions): December 31, September 30, Vehicles, at cost (a) $ 29,982 $ 26,740 Accumulated depreciation (4,815) (4,262) Net investment in operating leases $ 25,167 $ 22,478 __________

Transfers of Receivables

Transfers of Receivables	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
TRANSFERS OF RECEIVABLES	TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES 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, or pledge them as collateral in certain transactions outside of the United States, in other types of 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 primarily in the United States, Canada, the United Kingdom, Germany, and China. 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. The debt is the obligation of our consolidated securitization entities and not the obligation of Ford Credit or our other subsidiaries. We use special purpose entities (“SPEs”) to issue asset-backed securities in our securitization transactions. We have deemed most of these SPEs to be VIEs of which we are the primary beneficiary, and therefore, are consolidated. The SPEs are established for the sole purpose of financing the securitized financial assets. The SPEs are generally financed through the issuance of notes or commercial paper into the public or private markets or directly with conduits. We continue to recognize our financial assets related to our sales of receivables when the financial assets are sold to a consolidated VIE or a consolidated voting interest entity. We derecognize our financial assets when the financial assets are sold to a non-consolidated entity and we do not maintain control over the financial assets. We have the power to direct significant activities of our SPEs when we have the ability to exercise discretion in the servicing of financial assets, issue additional debt, exercise a unilateral call option, add assets to revolving structures, or control investment decisions. We generally retain a portion of the economic interests in the asset-backed securitization transactions, which could be retained in the form of a portion of the senior interests, the subordinated interests, cash reserve accounts, residual interests, and servicing rights. The transfers of assets in our securitization transactions do not qualify for accounting sale treatment. From time to time in Europe, we may retain all of the economic interests in some of our public asset-backed securitization transactions. The most senior retained notes are held as, or with the intent to become, eligible collateral to access central bank liquidity facilities in Europe. In addition, we regularly pledge receivables that are not securitized as eligible collateral for these facilities. In accordance with applicable regulatory guidance, the underlying assets in these transactions are considered unencumbered if they are not being used as security for central bank funding. At December 31, 2021 and September 30, 2022, the value of unencumbered assets related to these transactions was $0.9 billion and $0.4 billion, respectively. 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. Certain of our securitization entities may enter into derivative transactions to mitigate interest rate exposure, primarily resulting from fixed-rate assets securing floating-rate debt. In certain instances, the counterparty enters into offsetting derivative transactions with us to mitigate its interest rate risk resulting from derivatives with our securitization entities. These related derivatives are not the obligations of our securitization entities. See Note 7 for additional information regarding the accounting for derivatives. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) Most of these securitization transactions utilize VIEs. The following tables show the assets and debt related to our securitization transactions that were included in our consolidated financial statements (in billions): December 31, 2021 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt Before Allowance Allowance for After Allowance VIE (b) Retail financing $ 1.7 $ 31.6 $ 0.3 $ 31.3 $ 24.5 Wholesale financing 1.3 11.7 — 11.7 8.7 Finance receivables 3.0 43.3 0.3 43.0 33.2 Net investment in operating leases 0.4 7.5 — 7.5 5.1 Total VIE $ 3.4 $ 50.8 $ 0.3 $ 50.5 $ 38.3 Non-VIE Retail financing $ 0.4 $ 7.4 $ 0.1 $ 7.3 $ 6.9 Wholesale financing — 0.3 — 0.3 0.2 Finance receivables 0.4 7.7 0.1 7.6 7.1 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 7.7 $ 0.1 $ 7.6 $ 7.1 Total securitization transactions Retail financing $ 2.1 $ 39.0 $ 0.4 $ 38.6 $ 31.4 Wholesale financing 1.3 12.0 — 12.0 8.9 Finance receivables 3.4 51.0 0.4 50.6 40.3 Net investment in operating leases 0.4 7.5 — 7.5 5.1 Total securitization transactions $ 3.8 $ 58.5 $ 0.4 $ 58.1 $ 45.4 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) September 30, 2022 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt Before Allowance Allowance for After Allowance VIE (b) Retail financing $ 1.5 $ 29.0 $ 0.3 $ 28.7 $ 24.4 Wholesale financing 0.1 14.0 — 14.0 6.4 Finance receivables 1.6 43.0 0.3 42.7 30.8 Net investment in operating leases 0.5 11.0 — 11.0 7.3 Total VIE $ 2.1 $ 54.0 $ 0.3 $ 53.7 $ 38.1 Non-VIE Retail financing $ 0.5 $ 11.7 $ 0.1 $ 11.6 $ 10.5 Wholesale financing — 0.3 — 0.3 0.3 Finance receivables 0.5 12.0 0.1 11.9 10.8 Net investment in operating leases — — — — — Total Non-VIE $ 0.5 $ 12.0 $ 0.1 $ 11.9 $ 10.8 Total securitization transactions Retail financing $ 2.0 $ 40.7 $ 0.4 $ 40.3 $ 34.9 Wholesale financing 0.1 14.3 — 14.3 6.7 Finance receivables 2.1 55.0 0.4 54.6 41.6 Net investment in operating leases 0.5 11.0 — 11.0 7.3 Total securitization transactions $ 2.6 $ 66.0 $ 0.4 $ 65.6 $ 48.9 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance cost.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2022
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, reported in income for the periods ended September 30 were as follows (in millions): Third Quarter First Nine Months 2021 2022 2021 2022 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ 98 $ (39) $ 299 $ 62 Fair value changes on hedging instruments (142) (600) (680) (1,922) Fair value changes on hedged debt 135 615 638 1,991 Cross-currency interest rate swap contracts Net interest settlements and accruals on hedging instruments (2) (8) (6) (17) Fair value changes on hedging instruments (28) (66) (67) (164) Fair value changes on hedged debt 25 67 58 173 Derivatives not designated as hedging instruments Interest rate contracts — 130 (25) 342 Foreign currency exchange contracts (a) 79 112 87 137 Cross-currency interest rate swap contracts (194) (494) (390) (1,164) Total $ (29) $ (283) $ (86) $ (562) __________ (a) Reflects forward contracts between us and an affiliated company. NOTE 7. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) Balance Sheet Effect of Derivative Financial Instruments Derivative assets and liabilities are reported on the balance sheets 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 exposures 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 were as follows (in millions): December 31, 2021 September 30, 2022 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 23,893 $ 544 $ 274 $ 19,159 $ — $ 1,645 Cross-currency interest rate swap contracts 885 — 49 885 — 220 Derivatives not designated as hedging instruments Interest rate contracts 50,060 338 126 50,195 946 572 Foreign currency exchange contracts 4,407 66 2 5,144 209 83 Cross-currency interest rate swap contracts 6,533 117 61 6,583 10 1,108 Total derivative financial instruments, gross (a) (b) $ 85,778 $ 1,065 $ 512 $ 81,966 $ 1,165 $ 3,628 __________ (a) At December 31, 2021 and September 30, 2022, we held collateral of $26 million and $225 million, respectively, and we posted collateral of $71 million and $182 million, respectively.

Other Assets and Other Liabilit

Other Assets and Other Liabilities and Deferred Income	9 Months Ended
	Sep. 30, 2022
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, September 30, Prepaid reinsurance premiums and other reinsurance recoverables $ 743 $ 772 Accrued interest and other non-finance receivables 584 509 Property and equipment, net of accumulated depreciation (a) 224 222 Deferred charges - income taxes 190 171 Collateral held for resale, at net realizable value 258 180 Investment in non-consolidated affiliates 133 154 Restricted cash 128 102 Operating lease assets 76 62 Other 188 272 Total other assets $ 2,524 $ 2,444 __________ (a) Accumulated depreciation was $397 million and $399 million at December 31, 2021 and September 30, 2022, respectively. Other liabilities and deferred revenue were as follows (in millions): December 31, September 30, Unearned insurance premiums and fees $ 857 $ 885 Interest payable 667 590 Income tax and related interest (a) 229 233 Operating lease liabilities 78 64 Deferred revenue 62 23 Other 273 220 Total other liabilities and deferred revenue $ 2,166 $ 2,015 __________ (a) Includes income tax and interest payable to affiliated companies of $101 million and $137 million at December 31, 2021 and September 30, 2022, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	DEBT Debt outstanding and interest rates were as follows (in millions): Interest Rates Debt Average Contractual Average Effective December 31, September 30, 2021 2022 2021 2022 Short-term debt Unsecured debt Floating rate demand notes $ 9,400 $ 9,516 Other short-term debt 4,701 4,331 Asset-backed debt (a) 709 849 Total short-term debt 14,810 14,696 1.2 % 2.5 % 1.3 % 2.5 % Long-term debt Unsecured debt Notes payable within one year 13,660 8,146 Notes payable after one year 44,337 39,006 Asset-backed debt (a) Notes payable within one year 18,049 19,997 Notes payable after one year 26,654 28,137 Unamortized (discount)/premium 29 24 Unamortized issuance costs (212) (197) Fair value adjustments (b) 390 (1,765) Total long-term debt 102,907 93,348 2.6 % 3.1 % 2.6 % 3.1 % Total debt $ 117,717 $ 108,044 2.4 % 3.0 % 2.4 % 3.0 % Fair value of debt (c) $ 120,204 $ 105,177 __________ (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 are related to hedging activity and include discontinued hedging relationship adjustments of $257 million and $112 million at December 31, 2021 and September 30, 2022, respectively. The carrying value of hedged debt was $37.5 billion and $31.2 billion at December 31, 2021 and September 30, 2022, respectively.

Restructuring and Related Activ

Restructuring and Related Activities	9 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	RESTRUCTURING ACTIONS In June 2021, we announced that our subsidiaries in Brazil and Argentina would cease originating receivables and wind down operations. During the fourth quarter of 2021, we completed the sale of our wholesale and dealer receivables portfolio in Brazil and ceased originations of wholesale and dealer receivables in Argentina. During the first nine months of 2022, we reclassified accumulated foreign currency translation losses of $155 million to Other income/(loss), net upon the liquidation of three of our investments in Brazil. In December 2021, we received a capital contribution from a subsidiary of Ford in exchange for a minority interest share in one of our Argentina-based subsidiaries. As a result, we recorded $22 million in Shareholder’s interest attributable to noncontrolling interests on our consolidated balance sheets. During the first quarter of 2022, we reacquired Ford’s minority interest share and, in exchange, transferred assets associated with an Argentina-based subsidiary to Ford. In addition, during the first quarter of 2022, we sold our shares in a second Argentina-based subsidiary to Ford. The difference between the carrying value of the net assets transferred and sold to Ford and the consideration received from Ford was $61 million, reported as a reduction to Shareholder’s interest . As a result of the transfer and sale, Ford Credit reclassified $75 million of accumulated foreign currency translation losses to net income, included in Other income/(loss), net. Accumulated foreign currency translation losses associated with our remaining investments in Brazil and Argentina included in Accumulated other comprehensive income/(loss) at September 30, 2022 were $223 million. We expect to reclassify these losses to income upon substantially complete liquidation of our investments, which may occur over multiple reporting periods. Although the timing for the completion of these actions is uncertain, we expect the majority of losses to be recognized in 2024 or later.

Other Income, Net

Other Income, Net	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME/(LOSS) Other income/(loss) consists of various line items that are combined on the consolidated income statements due to their respective materiality compared with other individual income and expense items. The amounts included in Other income/(loss), net for the periods ended September 30 were as follows (in millions): Third Quarter First Nine Months 2021 2022 2021 2022 Gains/(losses) on derivatives $ (140) $ (301) $ (381) $ (807) Currency revaluation gains/(losses) 109 351 262 920 Interest and investment income (a) 9 30 22 26 Gains/(losses) on changes in investments in affiliates (b) — — 1 (231) Other 4 9 16 33 Total other income/(loss), net $ (18) $ 89 $ (80) $ (59) __________ (a) Includes a $20 million unrealized gain for an observable price event on a non-consolidated investment in the first quarter of 2022. (b) Includes losses related to our restructuring in South America described in Note 10.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	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. In our consolidated financial statements, we have three reportable segments based on geographic regions: the United States and Canada, Europe, and All Other. Our All Other segment includes China, India, Mexico, Brazil, Argentina, and our joint venture in South Africa. 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. Effective with first quarter 2022 reporting, we eliminated the use of non-GAAP measures and now present receivables on a net basis. Beginning in the third quarter of 2022, consistent with how our Chief Operating Decision Maker assesses performance of the segments and makes decisions about resource allocations, we changed the measurements used in allocating interest and governance expenses among the operating segments. Prior period amounts have been adjusted retrospectively to reflect the foregoing changes. NOTE 12. SEGMENT INFORMATION ( Continued ) Key financial information for our business segments for the periods ended or at September 30 was as follows (in millions): United States and Canada Europe All Other Total Unallocated Other (a) Total Third Quarter 2021 Total revenue $ 2,129 $ 208 $ 136 $ 2,473 $ — $ 2,473 Income before income taxes 960 61 57 1,078 (1) 1,077 Depreciation on vehicles subject to operating leases 439 2 — 441 — 441 Interest expense 584 57 44 685 (17) 668 Provision for credit losses (67) 1 7 (59) — (59) Third Quarter 2022 Total revenue $ 2,015 $ 188 $ 100 $ 2,303 $ — $ 2,303 Income before income taxes 394 74 24 492 97 589 Depreciation on vehicles subject to operating leases 588 (9) — 579 — 579 Interest expense 792 52 47 891 (40) 851 Provision for credit losses 42 (12) 9 39 — 39 First Nine Months 2021 Total revenue $ 6,808 $ 687 $ 336 $ 7,831 $ — $ 7,831 Income before income taxes 3,383 220 89 3,692 (30) 3,662 Depreciation on vehicles subject to operating leases 1,185 15 — 1,200 — 1,200 Interest expense 1,857 195 129 2,181 (29) 2,152 Provision for credit losses (284) (6) 25 (265) — (265) Net finance receivables and net investment in operating leases (a) 92,955 18,396 5,112 116,463 — 116,463 Total assets 108,917 21,163 5,988 136,068 — 136,068 First Nine Months 2022 Total revenue $ 6,073 $ 604 $ 300 $ 6,977 $ — $ 6,977 Income before income taxes 1,840 256 (148) 1,948 298 2,246 Depreciation on vehicles subject to operating leases 1,673 (30) — 1,643 — 1,643 Interest expense 1,998 148 141 2,287 (168) 2,119 Provision for credit losses (82) (17) 18 (81) — (81) Net finance receivables and net investment in operating leases (a) 93,930 16,454 5,088 115,472 — 115,472 Total assets 102,916 19,282 5,720 127,918 — 127,918 __________ (a) Excludes held-for-sale finance receivables.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments and contingencies primarily consist of guarantees and indemnifications as well as litigation and claims. Guarantees and Indemnifications Guarantees and indemnifications are recorded at fair value at their inception. For financial guarantees, subsequent to initial recognition, the guarantee liability is adjusted at each reporting period to reflect the current estimate of expected payments resulting from possible default events over the remaining life of the guarantee. The probability of default is applied to the expected exposure at the time of default less recoveries to determine the expected payments. Factors to consider when estimating the probability of default include the obligor’s financial position, forecasted economic environment, historical loss rates, and other communications. For non-financial guarantees, 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. The maximum potential payments under these guarantees and limited indemnities totaled $102 million and $87 million at December 31, 2021 and September 30, 2022, respectively. Of these values, $19 million at both December 31, 2021 and September 30, 2022 were counter-guaranteed by Ford to us. There were no recorded liabilities related to guarantees and limited indemnities at December 31, 2021 or September 30, 2022. 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 the failure of the third 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 the contract brought by a counterparty or 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. 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 13. COMMITMENTS AND CONTINGENCIES (Continued) For nearly all 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.

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
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 (“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 its 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, 2021 (“2021 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.
Loans and Leases Receivable Disclosure [Abstract]
Financing Receivable [Policy Text Block]	Non-Accrual of Revenue. The accrual of financing revenue is discontinued at the time a receivable is determined to be uncollectible or when it is 90 days past due. Accounts may be restored to accrual status only when a customer settles all past-due deficiency balances and future payments are reasonably assured. For receivables in non-accrual status, subsequent financing revenue is recognized only to the extent a payment is received. Payments are generally applied first to outstanding interest and then to the unpaid principal balance.
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Policy [Policy Text Block]	We have elected to apply hedge accounting to certain derivatives. Derivatives that are designated in hedging relationships are evaluated for effectiveness using regression analysis at the time they are designated and throughout the hedge period. Some derivatives do not qualify for hedge accounting; for others, we elect not to apply hedge accounting.
Commitments and Contingencies Disclosure [Abstract]
Lessee, Leases [Policy Text Block]	Net investment in operating leases consists primarily of lease contracts for vehicles with individuals, daily rental companies, and fleet customers with terms of 60 months or less. Included in Net investment in operating leases are net investment in operating leases that have been sold for legal purposes in securitization transactions but continue to be reported in our consolidated financial statements. See Note 6 for additional information.
Guarantees and Indemnifications Policies [Policy Text Block]	Guarantees and indemnifications are recorded at fair value at their inception. For financial guarantees, subsequent to initial recognition, the guarantee liability is adjusted at each reporting period to reflect the current estimate of expected payments resulting from possible default events over the remaining life of the guarantee. The probability of default is applied to the expected exposure at the time of default less recoveries to determine the expected payments. Factors to consider when estimating the probability of default include the obligor’s financial position, forecasted economic environment, historical loss rates, and other communications. For non-financial guarantees, 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 Mar

Cash, Cash Equivalents, and Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis were as follows (in millions): Fair Value Level December 31, September 30, Cash and cash equivalents United States government 1 $ 711 $ 30 United States government agencies 2 240 — Non-United States government and agencies 2 152 369 Corporate debt 2 940 663 Total marketable securities classified as cash equivalents 2,043 1,062 Cash, time deposits, and money market funds 8,920 5,289 Total cash and cash equivalents $ 10,963 $ 6,351 Marketable securities United States government 1 $ 864 $ 305 United States government agencies 2 75 245 Non-United States government and agencies 2 697 866 Corporate debt 2 304 265 Other marketable securities 2 233 164 Total marketable securities $ 2,173 $ 1,845
Schedule of cash, cash equivalents and restricted cash [Table Text Block]	Cash, cash equivalents, and restricted cash, as reported in the consolidated statements of cash flows, were as follows (in millions): December 31, September 30, Cash and cash equivalents $ 10,963 $ 6,351 Restricted cash (a) 128 102 Total cash, cash equivalents, and restricted cash $ 11,091 $ 6,453 __________ (a) Restricted cash is included in Other assets on our consolidated balance sheets and is primarily 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.

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Financing Receivable, Allowance for Credit Loss	An analysis of the allowance for credit losses related to finance receivables for the periods ended September 30 was as follows (in millions): Third Quarter 2021 First Nine Months 2021 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 1,022 $ 39 $ 1,061 $ 1,245 $ 60 $ 1,305 Charge-offs (58) (2) (60) (210) (5) (215) Recoveries 50 1 51 158 6 164 Provision for/(Benefit from) credit losses (58) (1) (59) (242) (23) (265) Other (a) (9) — (9) (4) (1) (5) Ending balance $ 947 $ 37 $ 984 $ 947 $ 37 $ 984 Third Quarter 2022 First Nine Months 2022 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 754 $ 9 $ 763 $ 903 $ 22 $ 925 Charge-offs (73) — (73) (196) (1) (197) Recoveries 39 1 40 126 3 129 Provision for/(Benefit from) credit losses 40 (1) 39 (67) (14) (81) Other (a) (9) — (9) (15) (1) (16) Ending balance $ 751 $ 9 $ 760 $ 751 $ 9 $ 760 __________
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Total finance receivables, net were as follows (in millions): December 31, September 30, Consumer Retail installment contracts, gross $ 69,247 $ 64,613 Finance leases, gross 7,318 6,196 Retail financing, gross 76,565 70,809 Unearned interest supplements from Ford and affiliated companies (3,020) (2,311) Consumer finance receivables 73,545 68,498 Non-Consumer Dealer financing 18,197 23,636 Other financing 1,533 1,620 Non-Consumer finance receivables 19,730 25,256 Total recorded investment $ 93,275 $ 93,754 Recorded investment in finance receivables $ 93,275 $ 93,754 Allowance for credit losses (925) (760) Total finance receivables, net $ 92,350 $ 92,994 Net finance receivables subject to fair value (a) $ 85,347 $ 87,083 Fair value (b) 86,199 84,625 __________ (a) Net finance receivables subject to fair value exclude finance leases.
Financing Receivable, Past Due [Table Text Block]	The credit quality analysis of consumer receivables at December 31, 2021 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2017 2017 2018 2019 2020 2021 Total Percent Consumer 31-60 days past due $ 39 $ 52 $ 98 $ 120 $ 186 $ 91 $ 586 0.8 % 61-120 days past due 7 10 20 29 40 21 127 0.2 % Greater than 120 days past due 10 6 6 9 11 1 43 — % Total past due 56 68 124 158 237 113 756 1.0 % Current 812 2,608 6,568 12,717 22,730 27,354 72,789 99.0 % Total $ 868 $ 2,676 $ 6,692 $ 12,875 $ 22,967 $ 27,467 $ 73,545 100.0 % The credit quality analysis of consumer receivables at September 30, 2022 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2018 2018 2019 2020 2021 2022 Total Percent Consumer 31-60 days past due $ 46 $ 60 $ 85 $ 165 $ 120 $ 63 $ 539 0.8 % 61-120 days past due 9 12 19 34 30 14 118 0.2 % Greater than 120 days past due 10 5 6 7 7 2 37 — % Total past due 65 77 110 206 157 79 694 1.0 % Current 1,273 3,322 7,297 15,423 19,979 20,510 67,804 99.0 % Total $ 1,338 $ 3,399 $ 7,407 $ 15,629 $ 20,136 $ 20,589 $ 68,498 100.0 %
Financing Receivables Credit Quality Indicators [Table Text Block]	The credit quality analysis of dealer financing receivables at December 31, 2021 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2017 2017 2018 2019 2020 2021 Total Wholesale Loans Total Percent Group I $ 391 $ 68 $ 151 $ 45 $ 109 $ 345 $ 1,109 $ 13,670 $ 14,779 81.2 % Group II 11 7 26 2 4 54 104 2,689 2,793 15.3 % Group III 8 — 1 — 1 20 30 529 559 3.1 % Group IV — — 4 — — 6 10 56 66 0.4 % Total (a) $ 410 $ 75 $ 182 $ 47 $ 114 $ 425 $ 1,253 $ 16,944 $ 18,197 100.0 % __________ (a) Total past due dealer financing receivables at December 31, 2021 were $62 million. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) The credit quality analysis of dealer financing receivables at September 30, 2022 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2018 2018 2019 2020 2021 2022 Total Wholesale Loans Total Percent Group I $ 418 $ 153 $ 37 $ 65 $ 196 $ 209 $ 1,078 $ 19,597 $ 20,675 87.5 % Group II 2 22 1 5 — 39 69 2,596 2,665 11.3 % Group III — — — — — 10 10 250 260 1.1 % Group IV — — 1 — — 3 4 32 36 0.1 % Total (a) $ 420 $ 175 $ 39 $ 70 $ 196 $ 261 $ 1,161 $ 22,475 $ 23,636 100.0 % __________

Net Investment in Operating Lea

Net Investment in Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases, Operating [Abstract]
Net investment in operating leases [Table Text Block]	Net investment in operating leases was as follows (in millions): December 31, September 30, Vehicles, at cost (a) $ 29,982 $ 26,740 Accumulated depreciation (4,815) (4,262) Net investment in operating leases $ 25,167 $ 22,478 __________

Transfers of Receivables (Table

Transfers of Receivables (Tables)	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
Schedule of Assets and Liabilities Related to Securitization Transactions [Table Text Block]	Most of these securitization transactions utilize VIEs. The following tables show the assets and debt related to our securitization transactions that were included in our consolidated financial statements (in billions): December 31, 2021 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt Before Allowance Allowance for After Allowance VIE (b) Retail financing $ 1.7 $ 31.6 $ 0.3 $ 31.3 $ 24.5 Wholesale financing 1.3 11.7 — 11.7 8.7 Finance receivables 3.0 43.3 0.3 43.0 33.2 Net investment in operating leases 0.4 7.5 — 7.5 5.1 Total VIE $ 3.4 $ 50.8 $ 0.3 $ 50.5 $ 38.3 Non-VIE Retail financing $ 0.4 $ 7.4 $ 0.1 $ 7.3 $ 6.9 Wholesale financing — 0.3 — 0.3 0.2 Finance receivables 0.4 7.7 0.1 7.6 7.1 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 7.7 $ 0.1 $ 7.6 $ 7.1 Total securitization transactions Retail financing $ 2.1 $ 39.0 $ 0.4 $ 38.6 $ 31.4 Wholesale financing 1.3 12.0 — 12.0 8.9 Finance receivables 3.4 51.0 0.4 50.6 40.3 Net investment in operating leases 0.4 7.5 — 7.5 5.1 Total securitization transactions $ 3.8 $ 58.5 $ 0.4 $ 58.1 $ 45.4 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) September 30, 2022 Cash and Cash Equivalents Finance Receivables and Net Investment in Operating Leases (a) Related Debt Before Allowance Allowance for After Allowance VIE (b) Retail financing $ 1.5 $ 29.0 $ 0.3 $ 28.7 $ 24.4 Wholesale financing 0.1 14.0 — 14.0 6.4 Finance receivables 1.6 43.0 0.3 42.7 30.8 Net investment in operating leases 0.5 11.0 — 11.0 7.3 Total VIE $ 2.1 $ 54.0 $ 0.3 $ 53.7 $ 38.1 Non-VIE Retail financing $ 0.5 $ 11.7 $ 0.1 $ 11.6 $ 10.5 Wholesale financing — 0.3 — 0.3 0.3 Finance receivables 0.5 12.0 0.1 11.9 10.8 Net investment in operating leases — — — — — Total Non-VIE $ 0.5 $ 12.0 $ 0.1 $ 11.9 $ 10.8 Total securitization transactions Retail financing $ 2.0 $ 40.7 $ 0.4 $ 40.3 $ 34.9 Wholesale financing 0.1 14.3 — 14.3 6.7 Finance receivables 2.1 55.0 0.4 54.6 41.6 Net investment in operating leases 0.5 11.0 — 11.0 7.3 Total securitization transactions $ 2.6 $ 66.0 $ 0.4 $ 65.6 $ 48.9 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance cost.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
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, reported in income for the periods ended September 30 were as follows (in millions): Third Quarter First Nine Months 2021 2022 2021 2022 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ 98 $ (39) $ 299 $ 62 Fair value changes on hedging instruments (142) (600) (680) (1,922) Fair value changes on hedged debt 135 615 638 1,991 Cross-currency interest rate swap contracts Net interest settlements and accruals on hedging instruments (2) (8) (6) (17) Fair value changes on hedging instruments (28) (66) (67) (164) Fair value changes on hedged debt 25 67 58 173 Derivatives not designated as hedging instruments Interest rate contracts — 130 (25) 342 Foreign currency exchange contracts (a) 79 112 87 137 Cross-currency interest rate swap contracts (194) (494) (390) (1,164) Total $ (29) $ (283) $ (86) $ (562) __________ (a) Reflects forward contracts between us 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 were as follows (in millions): December 31, 2021 September 30, 2022 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 23,893 $ 544 $ 274 $ 19,159 $ — $ 1,645 Cross-currency interest rate swap contracts 885 — 49 885 — 220 Derivatives not designated as hedging instruments Interest rate contracts 50,060 338 126 50,195 946 572 Foreign currency exchange contracts 4,407 66 2 5,144 209 83 Cross-currency interest rate swap contracts 6,533 117 61 6,583 10 1,108 Total derivative financial instruments, gross (a) (b) $ 85,778 $ 1,065 $ 512 $ 81,966 $ 1,165 $ 3,628 __________ (a) At December 31, 2021 and September 30, 2022, we held collateral of $26 million and $225 million, respectively, and we posted collateral of $71 million and $182 million, respectively.

Other Assets and Other Liabil_2

Other Assets and Other Liabilities and Deferred Income (Tables)	9 Months Ended
	Sep. 30, 2022
Other Assets and Other Liabilities and Deferred Income [Abstract]
Schedule of Other Assets and Other Liabilities [Table Text Block]	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, September 30, Prepaid reinsurance premiums and other reinsurance recoverables $ 743 $ 772 Accrued interest and other non-finance receivables 584 509 Property and equipment, net of accumulated depreciation (a) 224 222 Deferred charges - income taxes 190 171 Collateral held for resale, at net realizable value 258 180 Investment in non-consolidated affiliates 133 154 Restricted cash 128 102 Operating lease assets 76 62 Other 188 272 Total other assets $ 2,524 $ 2,444 __________ (a) Accumulated depreciation was $397 million and $399 million at December 31, 2021 and September 30, 2022, respectively. Other liabilities and deferred revenue were as follows (in millions): December 31, September 30, Unearned insurance premiums and fees $ 857 $ 885 Interest payable 667 590 Income tax and related interest (a) 229 233 Operating lease liabilities 78 64 Deferred revenue 62 23 Other 273 220 Total other liabilities and deferred revenue $ 2,166 $ 2,015 __________ (a) Includes income tax and interest payable to affiliated companies of $101 million and $137 million at December 31, 2021 and September 30, 2022, respectively.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt outstanding and interest rates were as follows (in millions): Interest Rates Debt Average Contractual Average Effective December 31, September 30, 2021 2022 2021 2022 Short-term debt Unsecured debt Floating rate demand notes $ 9,400 $ 9,516 Other short-term debt 4,701 4,331 Asset-backed debt (a) 709 849 Total short-term debt 14,810 14,696 1.2 % 2.5 % 1.3 % 2.5 % Long-term debt Unsecured debt Notes payable within one year 13,660 8,146 Notes payable after one year 44,337 39,006 Asset-backed debt (a) Notes payable within one year 18,049 19,997 Notes payable after one year 26,654 28,137 Unamortized (discount)/premium 29 24 Unamortized issuance costs (212) (197) Fair value adjustments (b) 390 (1,765) Total long-term debt 102,907 93,348 2.6 % 3.1 % 2.6 % 3.1 % Total debt $ 117,717 $ 108,044 2.4 % 3.0 % 2.4 % 3.0 % Fair value of debt (c) $ 120,204 $ 105,177 __________ (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 are related to hedging activity and include discontinued hedging relationship adjustments of $257 million and $112 million at December 31, 2021 and September 30, 2022, respectively. The carrying value of hedged debt was $37.5 billion and $31.2 billion at December 31, 2021 and September 30, 2022, respectively.

Other Income, Net (Tables)

Other Income, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
Schedule of Other Income [Table Text Block]	The amounts included in Other income/(loss), net for the periods ended September 30 were as follows (in millions): Third Quarter First Nine Months 2021 2022 2021 2022 Gains/(losses) on derivatives $ (140) $ (301) $ (381) $ (807) Currency revaluation gains/(losses) 109 351 262 920 Interest and investment income (a) 9 30 22 26 Gains/(losses) on changes in investments in affiliates (b) — — 1 (231) Other 4 9 16 33 Total other income/(loss), net $ (18) $ 89 $ (80) $ (59) __________ (a) Includes a $20 million unrealized gain for an observable price event on a non-consolidated investment in the first quarter of 2022. (b) Includes losses related to our restructuring in South America described in Note 10.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 30, 2022
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 September 30 was as follows (in millions): United States and Canada Europe All Other Total Unallocated Other (a) Total Third Quarter 2021 Total revenue $ 2,129 $ 208 $ 136 $ 2,473 $ — $ 2,473 Income before income taxes 960 61 57 1,078 (1) 1,077 Depreciation on vehicles subject to operating leases 439 2 — 441 — 441 Interest expense 584 57 44 685 (17) 668 Provision for credit losses (67) 1 7 (59) — (59) Third Quarter 2022 Total revenue $ 2,015 $ 188 $ 100 $ 2,303 $ — $ 2,303 Income before income taxes 394 74 24 492 97 589 Depreciation on vehicles subject to operating leases 588 (9) — 579 — 579 Interest expense 792 52 47 891 (40) 851 Provision for credit losses 42 (12) 9 39 — 39 First Nine Months 2021 Total revenue $ 6,808 $ 687 $ 336 $ 7,831 $ — $ 7,831 Income before income taxes 3,383 220 89 3,692 (30) 3,662 Depreciation on vehicles subject to operating leases 1,185 15 — 1,200 — 1,200 Interest expense 1,857 195 129 2,181 (29) 2,152 Provision for credit losses (284) (6) 25 (265) — (265) Net finance receivables and net investment in operating leases (a) 92,955 18,396 5,112 116,463 — 116,463 Total assets 108,917 21,163 5,988 136,068 — 136,068 First Nine Months 2022 Total revenue $ 6,073 $ 604 $ 300 $ 6,977 $ — $ 6,977 Income before income taxes 1,840 256 (148) 1,948 298 2,246 Depreciation on vehicles subject to operating leases 1,673 (30) — 1,643 — 1,643 Interest expense 1,998 148 141 2,287 (168) 2,119 Provision for credit losses (82) (17) 18 (81) — (81) Net finance receivables and net investment in operating leases (a) 93,930 16,454 5,088 115,472 — 115,472 Total assets 102,916 19,282 5,720 127,918 — 127,918 __________ (a) Excludes held-for-sale finance receivables.

Cash, Cash Equivalents, and M_2

Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash, Cash Equivalents, and Short-term Investments	$ 5,289	$ 8,920
Total cash and cash equivalents	6,351	10,963
Restricted Cash	102	128
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	6,453	11,091	$ 13,092	$ 14,996
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	1,062	2,043
Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	1,845	2,173
US Government [Member] | Fair Value, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	30	711
Marketable securities	305	864
US Government Agencies [Member] | Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	0	240
Marketable securities	245	75
Debt Security, Government, Non-US [Member] | Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	369	152
Marketable securities	866	697
Corporate debt [Member] | Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	663	940
Marketable securities	265	304
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	$ 164	$ 233

Finance Receivables Net (Detail

Finance Receivables Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales Type and Direct Financing Lease Revenue	$ 73	$ 86	$ 223	$ 264
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	93,754		93,754			$ 93,275
Financing Receivable, Allowance for Credit Loss	(760)	(984)	(760)	(984)	$ (763)	(925)	$ (1,061)	$ (1,305)
Finance leases, net	92,994		92,994			92,350
Uncollected interest receivable excluded from finance receivable	$ 132		$ 132			125
Financing Receivable, Threshold Period Past Due	31 days		31 days
Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	$ 68,498		$ 68,498			73,545
Financing Receivable, Allowance for Credit Loss	(751)	(947)	(751)	(947)	(754)	(903)	(1,022)	(1,245)
Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	25,256		25,256			19,730
Financing Receivable, Allowance for Credit Loss	(9)	$ (37)	(9)	$ (37)	$ (9)	(22)	$ (39)	$ (60)
Retail Installment Loans [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	64,613		64,613			69,247
Retail [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Unearned interest supplements from Ford and affiliated companies	(2,311)		(2,311)			(3,020)
Financing Receivable, before Allowance for Credit Loss	68,498		68,498			73,545
Finance Receivable Before Unearned Interest Supplements	70,809		70,809			76,565
Finance leases [Member]
Net Finance Receivables [Abstract]
Finance leases, net	5,911		5,911			7,003
Finance leases [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	6,196		6,196			7,318
Wholesale and Dealer Loans [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	23,636		23,636			18,197
Other Finance Receivables [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	1,620		1,620			1,533
Retail Installment loans, dealer financing, and other financing [Member]
Net Finance Receivables [Abstract]
Finance leases, net	87,083		87,083			85,347
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Net Finance Receivables [Abstract]
Finance leases, net	87,083		87,083			85,347
Fair value (b)	$ 84,625		$ 84,625			$ 86,199

Finance Receivables - Credit Qu

Finance Receivables - Credit Quality and Impaired Receivables (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Non-Accrual of Revenue	90
Financing Receivables	$ 93,754,000,000	$ 93,275,000,000
Wholesale and Dealer Loans [Member] | Financing Receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	5,000,000	62,000,000
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	25,256,000,000	19,730,000,000
Financing Receivable, Revolving	22,475,000,000	16,944,000,000
Commercial Portfolio Segment [Member] | Group I
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	20,675,000,000	14,779,000,000
Financing Receivable, Revolving	19,597,000,000	13,670,000,000
Commercial Portfolio Segment [Member] | Group I | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.875	0.812
Commercial Portfolio Segment [Member] | Group II
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	2,665,000,000	2,793,000,000
Financing Receivable, Revolving	2,596,000,000	2,689,000,000
Commercial Portfolio Segment [Member] | Group II | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.113	0.153
Commercial Portfolio Segment [Member] | Group III
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	260,000,000	559,000,000
Financing Receivable, Revolving	250,000,000	529,000,000
Commercial Portfolio Segment [Member] | Group III | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.011	0.031
Commercial Portfolio Segment [Member] | Group IV
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	36,000,000	66,000,000
Financing Receivable, Revolving	32,000,000	56,000,000
Commercial Portfolio Segment [Member] | Group IV | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.001	0.004
Commercial Portfolio Segment [Member] | Dealer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	420,000,000	410,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	175,000,000	75,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	39,000,000	182,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	70,000,000	47,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	196,000,000	114,000,000
Financing Receivable, Originated in Current Fiscal Year	261,000,000	425,000,000
Financing Receivable Originations Total	1,161,000,000	1,253,000,000
Commercial Portfolio Segment [Member] | Dealer Loan | Group I
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	418,000,000	391,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	153,000,000	68,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	37,000,000	151,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	65,000,000	45,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	196,000,000	109,000,000
Financing Receivable, Originated in Current Fiscal Year	209,000,000	345,000,000
Financing Receivable Originations Total	1,078,000,000	1,109,000,000
Commercial Portfolio Segment [Member] | Dealer Loan | Group II
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	2,000,000	11,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	22,000,000	7,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	1,000,000	26,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	5,000,000	2,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	0	4,000,000
Financing Receivable, Originated in Current Fiscal Year	39,000,000	54,000,000
Financing Receivable Originations Total	69,000,000	104,000,000
Commercial Portfolio Segment [Member] | Dealer Loan | Group III
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	0	8,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	0	0
Financing Receivable, Originated Three Years before Latest Fiscal Year	0	1,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	0	0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	0	1,000,000
Financing Receivable, Originated in Current Fiscal Year	10,000,000	20,000,000
Financing Receivable Originations Total	10,000,000	30,000,000
Commercial Portfolio Segment [Member] | Dealer Loan | Group IV
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	0	0
Financing Receivable, Originated Four Years before Latest Fiscal Year	0	0
Financing Receivable, Originated Three Years before Latest Fiscal Year	1,000,000	4,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	0	0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	0	0
Financing Receivable, Originated in Current Fiscal Year	3,000,000	6,000,000
Financing Receivable Originations Total	4,000,000	10,000,000
Commercial Portfolio Segment [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	23,636,000,000	18,197,000,000
Commercial Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	1	1
Commercial Portfolio Segment [Member] | Wholesale and Dealer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	23,636,000,000	18,197,000,000
Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	68,498,000,000	73,545,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	1,338,000,000	868,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	3,399,000,000	2,676,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	7,407,000,000	6,692,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	15,629,000,000	12,875,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	20,136,000,000	22,967,000,000
Financing Receivable, Originated in Current Fiscal Year	20,589,000,000	27,467,000,000
Consumer Portfolio Segment [Member] | Financing Receivables, 31-60 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	539,000,000	586,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	46,000,000	39,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	60,000,000	52,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	85,000,000	98,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	165,000,000	120,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	120,000,000	186,000,000
Financing Receivable, Originated in Current Fiscal Year	63,000,000	91,000,000
Consumer Portfolio Segment [Member] | Financing Receivables, 61-120 Days past due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	118,000,000	127,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	9,000,000	7,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	12,000,000	10,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	19,000,000	20,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	34,000,000	29,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	30,000,000	40,000,000
Financing Receivable, Originated in Current Fiscal Year	14,000,000	21,000,000
Consumer Portfolio Segment [Member] | Financing Receivables, Greater Than 120 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	37,000,000	43,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	10,000,000	10,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	5,000,000	6,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	6,000,000	6,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	7,000,000	9,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	7,000,000	11,000,000
Financing Receivable, Originated in Current Fiscal Year	2,000,000	1,000,000
Consumer Portfolio Segment [Member] | Total past due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	694,000,000	756,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	65,000,000	56,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	77,000,000	68,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	110,000,000	124,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	206,000,000	158,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	157,000,000	237,000,000
Financing Receivable, Originated in Current Fiscal Year	79,000,000	113,000,000
Consumer Portfolio Segment [Member] | Financial Asset, 1 to 29 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	67,804,000,000	72,789,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	1,273,000,000	812,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	3,322,000,000	2,608,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	7,297,000,000	6,568,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	15,423,000,000	12,717,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	19,979,000,000	22,730,000,000
Financing Receivable, Originated in Current Fiscal Year	20,510,000,000	27,354,000,000
Consumer Portfolio Segment [Member] | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	1	1
Consumer Portfolio Segment [Member] | Percent of Total | Financing Receivables, 31-60 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.008	0.008
Consumer Portfolio Segment [Member] | Percent of Total | Financing Receivables, 61-120 Days past due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.002	0.002
Consumer Portfolio Segment [Member] | Percent of Total | Financing Receivables, Greater Than 120 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0	0
Consumer Portfolio Segment [Member] | Percent of Total | Total past due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.010	0.010
Consumer Portfolio Segment [Member] | Percent of Total | Financial Asset, 1 to 29 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	$ 0.990	$ 0.990
Consumer Portfolio Segment [Member] | Pass [Member] | Maximum [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables Credit Quality Ratings Term Range	60 days
Consumer Portfolio Segment [Member] | Substandard [Member] | Minimum [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables Credit Quality Ratings Term Range	120 days
Consumer Portfolio Segment [Member] | Special Mention [Member] | Maximum [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables Credit Quality Ratings Term Range	120 days
Consumer Portfolio Segment [Member] | Special Mention [Member] | Minimum [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables Credit Quality Ratings Term Range	61 days

Finance Receivables and Allowan

Finance Receivables and Allowance for Credit Losses Allowance for credit losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss	$ 760	$ 984	$ 760	$ 984	$ 763	$ 925	$ 1,061	$ 1,305
Finance receivables, net	92,994		92,994			92,350
Financing Receivable, Allowance for Credit Loss, Writeoff	(73)	(60)	(197)	(215)
Financing Receivable, Allowance for Credit Loss, Recovery	40	51	129	164
Financing Receivable, Credit Loss, Expense (Reversal)	39	(59)	(81)	(265)
Financing Receivable, Allowance for Credit Losses, Other	(9)	(9)	(16)	(5)
Financing Receivable, before Allowance for Credit Loss	93,754		93,754			93,275
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	$ 3		$ 165
Financing Receivable, Threshold Period Past Due, Writeoff	120 days		120 days
Commercial Portfolio Segment [Member]
Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss	$ 9	37	$ 9	37	9	22	39	60
Financing Receivable, Allowance for Credit Loss, Writeoff	0	(2)	(1)	(5)
Financing Receivable, Allowance for Credit Loss, Recovery	1	1	3	6
Financing Receivable, Credit Loss, Expense (Reversal)	(1)	(1)	(14)	(23)
Financing Receivable, Allowance for Credit Losses, Other	0	0	(1)	(1)
Financing Receivable, before Allowance for Credit Loss	25,256		25,256			19,730
Consumer Portfolio Segment [Member]
Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss	751	947	751	947	$ 754	903	$ 1,022	$ 1,245
Financing Receivable, Allowance for Credit Loss, Writeoff	(73)	(58)	(196)	(210)
Financing Receivable, Allowance for Credit Loss, Recovery	39	50	126	158
Financing Receivable, Credit Loss, Expense (Reversal)	40	(58)	(67)	(242)
Financing Receivable, Allowance for Credit Losses, Other	(9)	$ (9)	(15)	$ (4)
Financing Receivable, before Allowance for Credit Loss	68,498		68,498			73,545
Retail Installment loans, dealer financing, and other financing [Member]
Allowance for Credit Losses [Line Items]
Finance receivables, net	$ 87,083		$ 87,083			$ 85,347

Net Investments in Operating _2

Net Investments in Operating Leases (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 399	$ 397
Net Investment in Operating Leases	$ 22,478	25,167
Maximum [Member]
Net Investment in Operating Leases, Length of Lease	60 months
Property Subject to Operating Lease [Member]
Property Subject to or Available for Operating Lease, Gross	$ 26,740	29,982
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	4,262	4,815
Net Investment in Operating Leases	$ 22,478	$ 25,167

Transfers of Receivables - Asse

Transfers of Receivables - Assets and Liabilities of Securitizations (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Securitization Transactions [Line Items]
Cash and cash equivalents	$ 6,351,000,000	$ 10,963,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	115,472,000,000		$ 116,463,000,000
Related Debt	108,044,000,000	117,717,000,000
Total assets	127,918,000,000	134,945,000,000	$ 136,068,000,000
Unencumbered Assets	400,000,000	900,000,000
Consolidated Entities [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,600,000,000	3,800,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	66,000,000,000	58,500,000,000
Allowance for Credit Losses	400,000,000	400,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	65,600,000,000	58,100,000,000
Related Debt	48,900,000,000	45,400,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,100,000,000	3,400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	55,000,000,000	51,000,000,000
Allowance for Credit Losses	400,000,000	400,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	54,600,000,000	50,600,000,000
Related Debt	41,600,000,000	40,300,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,000,000,000	2,100,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	40,700,000,000	39,000,000,000
Allowance for Credit Losses	400,000,000	400,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	40,300,000,000	38,600,000,000
Related Debt	34,900,000,000	31,400,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	100,000,000	1,300,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	14,300,000,000	12,000,000,000
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	14,300,000,000	12,000,000,000
Related Debt	6,700,000,000	8,900,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,000,000,000	7,500,000,000
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,000,000,000	7,500,000,000
Related Debt	7,300,000,000	5,100,000,000
Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,116,000,000	3,407,000,000
Related Debt	38,121,000,000	38,274,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,100,000,000	3,400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	54,000,000,000	50,800,000,000
Allowance for Credit Losses	300,000,000	300,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	53,700,000,000	50,500,000,000
Related Debt	38,100,000,000	38,300,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	1,600,000,000	3,000,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	43,000,000,000	43,300,000,000
Allowance for Credit Losses	300,000,000	300,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	42,700,000,000	43,000,000,000
Related Debt	30,800,000,000	33,200,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	1,500,000,000	1,700,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	29,000,000,000	31,600,000,000
Allowance for Credit Losses	300,000,000	300,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	28,700,000,000	31,300,000,000
Related Debt	24,400,000,000	24,500,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	100,000,000	1,300,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	14,000,000,000	11,700,000,000
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	14,000,000,000	11,700,000,000
Related Debt	6,400,000,000	8,700,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,000,000,000	7,500,000,000
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,000,000,000	7,500,000,000
Related Debt	7,300,000,000	5,100,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	12,000,000,000	7,700,000,000
Allowance for Credit Losses	100,000,000	100,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,900,000,000	7,600,000,000
Related Debt	10,800,000,000	7,100,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	12,000,000,000	7,700,000,000
Allowance for Credit Losses	100,000,000	100,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,900,000,000	7,600,000,000
Related Debt	10,800,000,000	7,100,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,700,000,000	7,400,000,000
Allowance for Credit Losses	100,000,000	100,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,600,000,000	7,300,000,000
Related Debt	10,500,000,000	6,900,000,000
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	300,000,000	300,000,000
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	300,000,000	300,000,000
Related Debt	300,000,000	200,000,000
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 Instrume_3

Derivative Financial Instruments and Hedging Activities (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative [Line Items]
Debt Carrying Value Fair Value	$ 31,200,000,000		$ 31,200,000,000		$ 37,500,000,000
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(283,000,000)	$ (29,000,000)	(562,000,000)	$ (86,000,000)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	1,165,000,000		1,165,000,000		1,065,000,000
Fair Value of Derivative Liabilities	3,628,000,000		3,628,000,000		512,000,000
Derivative, Notional Amount	81,966,000,000		81,966,000,000		85,778,000,000
Derivative, Collateral, Obligation to Return Cash	225,000,000		225,000,000		26,000,000
Derivative, Collateral, Right to Reclaim Cash	182,000,000		182,000,000		71,000,000
Derivative Asset, Not Offset, Policy Election Deduction	225,000,000		225,000,000		415,000,000
Derivative Liability, Not Offset, Policy Election Deduction	225,000,000		225,000,000		415,000,000
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	(39,000,000)	98,000,000	62,000,000	299,000,000
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(600,000,000)	(142,000,000)	(1,922,000,000)	(680,000,000)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	615,000,000	135,000,000	1,991,000,000	638,000,000
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	19,159,000,000		19,159,000,000		23,893,000,000
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Currency Swap
Income Effect of Derivative Financial Instruments [Abstract]
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	(8,000,000)	(2,000,000)	(17,000,000)	(6,000,000)
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(66,000,000)	(28,000,000)	(164,000,000)	(67,000,000)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	67,000,000	25,000,000	173,000,000	58,000,000
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	885,000,000		885,000,000		885,000,000
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Level 2 [Member] | Fair Value, Recurring [Member] | Fair Value Hedging [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	0		0		544,000,000
Fair Value of Derivative Liabilities	1,645,000,000		1,645,000,000		274,000,000
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Level 2 [Member] | Fair Value, Recurring [Member] | Currency Swap
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	0		0		0
Fair Value of Derivative Liabilities	220,000,000		220,000,000		49,000,000
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	130,000,000	0	342,000,000	(25,000,000)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	50,195,000,000		50,195,000,000		50,060,000,000
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | Level 2 [Member] | Fair Value, Recurring [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	946,000,000		946,000,000		338,000,000
Fair Value of Derivative Liabilities	572,000,000		572,000,000		126,000,000
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	112,000,000	79,000,000	137,000,000	87,000,000
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	5,144,000,000		5,144,000,000		4,407,000,000
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Level 2 [Member] | Fair Value, Recurring [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	209,000,000		209,000,000		66,000,000
Fair Value of Derivative Liabilities	83,000,000		83,000,000		2,000,000
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	(494,000,000)	$ (194,000,000)	(1,164,000,000)	$ (390,000,000)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	6,583,000,000		6,583,000,000		6,533,000,000
Cross Currency Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | Level 2 [Member] | Fair Value, Recurring [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	10,000,000		10,000,000		117,000,000
Fair Value of Derivative Liabilities	$ 1,108,000,000		$ 1,108,000,000		$ 61,000,000

Other Assets and Other Liabil_3

Other Assets and Other Liabilities and Deferred Income (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Other Assets and Other Liabilities [Abstract]
Accrued interest and other non-finance receivables	$ 509	$ 584
Property, Plant and Equipment, Net	222	224
Collateral held for resale, at net realizable value, and other inventory	180	258
Deferred charges - income taxes	171	190
Prepaid Reinsurance Premiums and Other Reinsurance Recoverables	772	743
Operating lease assets	62	76
Investment in non-consolidated affiliates	154	133
Restricted Cash and Cash Equivalents		128
Other	272	188
Other assets	2,444	2,524
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	399	397
Unearned Premiums and Fees	885	857
Interest Payable	590	667
Taxes Payable	233	229
Operating Lease, Liability	64	78
Contract with Customer, Liability	23	62
Other Liabilities	2,015	2,166
Related Party Transactions Income Taxes and Related Interest Payable	137	101
Other Liabilities, Miscellaneous	220	273
Restricted Cash	102	128
Property Subject to Operating Lease [Member]
Other Assets and Other Liabilities [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 4,262	$ 4,815

Debt (Details)

Debt (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total short-term debt	$ 14,696,000,000		$ 14,810,000,000
Unamortized discount	24,000,000		29,000,000
Unamortized debt issuance costs	(197,000,000)		(212,000,000)
Fair value adjustments	(1,765,000,000)		390,000,000
Total long-term debt	93,348,000,000		102,907,000,000
Total debt	$ 108,044,000,000		$ 117,717,000,000
Average Contractual (interest rate)	3%		2.40%
Average Effective (interest rate)	3%		2.40%
Debt Carrying Value Fair Value	$ 31,200,000,000		$ 37,500,000,000
Fair value of short-term debt	13,900,000,000		14,100,000,000
Discontinued Hedged Debt	112,000,000		257,000,000
Unsecured Debt [Member] | Corporate debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Repurchased Face Amount		$ 3,000,000,000
DebtInstrumentRepurchaseAmountIncludingFees		$ 3,000,000,000
Floating Rate Demand Notes [Member]
Debt Instrument [Line Items]
Total short-term debt	9,516,000,000		9,400,000,000
Other short-term debt [Member]
Debt Instrument [Line Items]
Total short-term debt	4,331,000,000		4,701,000,000
Asset-backed Securities [Member]
Debt Instrument [Line Items]
Total short-term debt	849,000,000		709,000,000
Notes payable within one year	19,997,000,000		18,049,000,000
Notes payable after one year	$ 28,137,000,000		$ 26,654,000,000
Total short-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	2.50%		1.20%
Average Effective (interest rate)	2.50%		1.30%
Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes payable within one year	$ 8,146,000,000		$ 13,660,000,000
Notes payable after one year	$ 39,006,000,000		$ 44,337,000,000
Total long-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	3.10%		2.60%
Average Effective (interest rate)	3.10%		2.60%
Fair Value, Nonrecurring [Member] | Level 2 [Member]
Debt Instrument [Line Items]
Fair value of debt	$ 105,177,000,000		$ 120,204,000,000

Debt Maturities (Details)

Debt Maturities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Maturities [Abstract]
Debt	$ 108,044,000,000		$ 117,717,000,000
Total unamortized discount	24,000,000		29,000,000
Unamortized debt issuance costs	(197,000,000)		(212,000,000)
Total fair value adjustments	(1,765,000,000)		$ 390,000,000
Unsecured Debt [Member] | Corporate debt [Member]
Debt Maturities [Abstract]
Debt Instrument, Repurchased Face Amount		$ 3,000,000,000
DebtInstrumentRepurchaseAmountIncludingFees		$ 3,000,000,000
Gain (Loss) on Repurchase of Debt Instrument	$ 16,600,000

Restructuring and Related Act_2

Restructuring and Related Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
SHAREHOLDER’S INTEREST	$ 0		$ 0		$ 22
Shareholder's Interest [Member]	5,166		5,166		$ 5,227
ARGENTINA
Restructuring Cost and Reserve [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax			75
BRAZIL
Restructuring Cost and Reserve [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax			155
Parent [Member]
Restructuring Cost and Reserve [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0	$ 0	231	$ 0
Foreign Currency Translation Adjustment
Restructuring Cost and Reserve [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	223		223
Equity Component [Domain]
Restructuring Cost and Reserve [Line Items]
Shareholder's Interest [Member]	$ 61		$ 61

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Gains/(Losses) on derivatives	$ (301)	$ (140)	$ (807)	$ (381)
Currency revaluation gains/(losses)	351	109	920	262
Interest and investment income	30	9	26	22
Gains/(Losses) On Changes In Investments In Affiliates	0	0	(231)	1
Other	9	4	33	16
Other income, net	$ 89	$ (18)	(59)	$ (80)
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount			$ 20

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total revenue	$ 2,303	$ 2,473	$ 6,977	$ 7,831
Income before income taxes	589	1,077	2,246	3,662
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	579	441	1,643	1,200
Interest expense	851	668	2,119	2,152
Financing Receivable, Credit Loss, Expense (Reversal)	39	(59)	(81)	(265)
Provision for credit losses	39	(59)		(265)
Net finance receivables and net investment in operating leases	115,472	116,463	115,472	116,463
Total assets	127,918	136,068	127,918	136,068	$ 134,945
Reportable segments
Segment Reporting Information [Line Items]
Total revenue	2,303	2,473	6,977	7,831
Income before income taxes	492	1,078	1,948	3,692
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	579	441	1,643	1,200
Interest expense	891	685	2,287	2,181
Financing Receivable, Credit Loss, Expense (Reversal)	39	(59)	(81)	(265)
Net finance receivables and net investment in operating leases	115,472	116,463	115,472	116,463
Total assets	127,918	136,068	127,918	136,068
Reportable segments | Europe [Member]
Other disclosures [Abstract]
Net finance receivables and net investment in operating leases	16,454	18,396	16,454	18,396
Total assets	19,282	21,163	19,282	21,163
Reportable segments | All Other
Other disclosures [Abstract]
Net finance receivables and net investment in operating leases	5,088	5,112	5,088	5,112
Total assets	5,720	5,988	5,720	5,988
Reportable segments | United States and Canada
Other disclosures [Abstract]
Net finance receivables and net investment in operating leases	93,930	92,955	93,930	92,955
Total assets	102,916	108,917	102,916	108,917
Reportable segments | United States and Canada
Segment Reporting Information [Line Items]
Total revenue	2,015	2,129	6,073	6,808
Income before income taxes	394	960	1,840	3,383
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	588	439	1,673	1,185
Interest expense	792	584	1,998	1,857
Financing Receivable, Credit Loss, Expense (Reversal)	42	(67)	(82)	(284)
Reportable segments | Europe
Segment Reporting Information [Line Items]
Total revenue	188	208	604	687
Income before income taxes	74	61	256	220
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	(9)	2	(30)	15
Interest expense	52	57	148	195
Financing Receivable, Credit Loss, Expense (Reversal)	(12)	1	(17)	(6)
Reportable segments | All Other
Segment Reporting Information [Line Items]
Total revenue	100	136	300	336
Income before income taxes	24	57	(148)	89
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0	0
Interest expense	47	44	141	129
Financing Receivable, Credit Loss, Expense (Reversal)	9	7	18	25
Unallocated other
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Income before income taxes	97	(1)	298	(30)
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0	0
Interest expense	(40)	(17)	(168)	(29)
Financing Receivable, Credit Loss, Expense (Reversal)	0	0	0	0
Net finance receivables and net investment in operating leases	0	0	0	0
Total assets	$ 0	$ 0	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Guarantor Obligations [Line Items]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments and contingencies primarily consist of guarantees and indemnifications as well as litigation and claims. Guarantees and Indemnifications Guarantees and indemnifications are recorded at fair value at their inception. For financial guarantees, subsequent to initial recognition, the guarantee liability is adjusted at each reporting period to reflect the current estimate of expected payments resulting from possible default events over the remaining life of the guarantee. The probability of default is applied to the expected exposure at the time of default less recoveries to determine the expected payments. Factors to consider when estimating the probability of default include the obligor’s financial position, forecasted economic environment, historical loss rates, and other communications. For non-financial guarantees, 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. The maximum potential payments under these guarantees and limited indemnities totaled $102 million and $87 million at December 31, 2021 and September 30, 2022, respectively. Of these values, $19 million at both December 31, 2021 and September 30, 2022 were counter-guaranteed by Ford to us. There were no recorded liabilities related to guarantees and limited indemnities at December 31, 2021 or September 30, 2022. 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 the failure of the third 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 the contract brought by a counterparty or 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. 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 13. COMMITMENTS AND CONTINGENCIES (Continued) For nearly all 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.
Financial Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 87	$ 102
Counter Guarantee [Member] | Ford Motor Company [Member]
Guarantor Obligations [Line Items]
Counter guarantee	$ 19	$ 19