Ford Motor Credit (FCZ) 10-Q 28 Oct 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document	9 Months Ended
	Sep. 30, 2024 shares
Document and Entity Information [Abstract]
Entity Incorporation, State or Country Code	DE
Entity Central Index Key	0000038009
Document Information [Line Items]
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding	0
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-6368
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-1612444
Entity Address, Address Line One	One American Road
Entity Address, Postal Zip Code	48126
Entity Address, State or Province	MI
Entity Address, City or Town	Dearborn,
Local Phone Number	(313)
Local Phone Number	322-3000
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell 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.
Entity Registrant Name	Ford Motor Credit Co LLC
F/24L [Member]
Document Information [Line Items]
Trading Symbol	F/24L
Title of 12(b) Security	Floating Rate Notes due December 1, 2024*
Security Exchange Name	NYSE
F/25M
Document Information [Line Items]
Trading Symbol	F/25M
Title of 12(b) Security	3.250% Notes due September 15, 2025*
Security Exchange Name	NYSE
F/24Q [Member]
Document Information [Line Items]
Trading Symbol	F/24Q
Title of 12(b) Security	3.683% Notes due on December 3, 2024*
Security Exchange Name	NYSE
F/25i [Member]
Document Information [Line Items]
Trading Symbol	F/25I
Title of 12(b) Security	1.355% Notes due February 7, 2025*
Security Exchange Name	NYSE
F/25K [Member]
Document Information [Line Items]
Trading Symbol	F/25K
Title of 12(b) Security	4.535% Notes due March 6, 2025*
Security Exchange Name	NYSE
F/25L [Member]
Document Information [Line Items]
Trading Symbol	F/25L
Title of 12(b) Security	2.330% Notes due on November 25, 2025*
Security Exchange Name	NYSE
F/26AB [Member]
Document Information [Line Items]
Trading Symbol	F/26AB
Title of 12(b) Security	2.386% Notes due February 17, 2026*
Security Exchange Name	NYSE
F/26A
Document Information [Line Items]
Trading Symbol	F/26A
Title of 12(b) Security	6.860% Notes due June 5, 2026*
Security Exchange Name	NYSE
F/28D
Document Information [Line Items]
Trading Symbol	F/28D
Title of 12(b) Security	5.625% Notes due October 9, 2028*
Security Exchange Name	NYSE
F/30D
Document Information [Line Items]
Trading Symbol	F/30D
Title of 12(b) Security	4.445% Notes due February 14, 2030*
Security Exchange Name	NYSE
F/29B
Document Information [Line Items]
Trading Symbol	F/29B
Title of 12(b) Security	5.125% Notes due February 20, 2029*
Security Exchange Name	NYSE
F/30A
Document Information [Line Items]
Trading Symbol	F/30A
Title of 12(b) Security	5.780% Notes due April 30, 2030*
Security Exchange Name	NYSE
F/28E
Document Information [Line Items]
Trading Symbol	F/28E
Title of 12(b) Security	4.165% Notes due November 21, 2028*
Security Exchange Name	NYSE
F/26N [Member]
Document Information [Line Items]
Trading Symbol	F/26N
Title of 12(b) Security	3.350% Notes due Nine Months or More from the Date of Issue due August 20, 2026
Security Exchange Name	NYSE
F/27A
Document Information [Line Items]
Trading Symbol	F/27A
Title of 12(b) Security	4.867% Notes due August 3, 2027*
Security Exchange Name	NYSE
F/28B
Document Information [Line Items]
Trading Symbol	F/28B
Title of 12(b) Security	6.125% Notes due May 15, 2028*
Security Exchange Name	NYSE

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing revenue
Retail financing	$ 1,458	$ 1,104	$ 4,113	$ 3,046
Dealer financing	724	617	2,170	1,721
Other	44	36	127	94
Revenue from Contract with Customer, Excluding Assessed Tax	3,291	2,774	9,522	7,956
Depreciation on vehicles subject to operating leases	(600)	(576)	(1,823)	(1,690)
Interest expense	(1,878)	(1,653)	(5,623)	(4,575)
Net financing margin	813	545	2,076	1,691
Other revenue
Premiums Earned, Net	42	29	120	84
Fee based revenue and other	30	25	110	99
Total financing margin and other revenue	885	599	2,306	1,874
Operating expenses	336	340	1,022	1,000
Financing Receivable, Credit Loss, Expense (Reversal)	99	74	282	191
Insurance expenses	17	14	144	54
Total expenses	452	428	1,448	1,245
Other Income / Loss	111	187	355	413
Income before income taxes	544	358	1,213	1,042
Provision for income taxes	51	119	231	277
Net income		239	982	765
Operating Lease, Lease Income	$ 1,065	$ 1,017	$ 3,112	$ 3,095

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income		$ 239	$ 982	$ 765
Other comprehensive income/(loss), net of tax
Comprehensive income / (loss)	$ 651	115	966	747
Parent [Member]
Other comprehensive income/(loss), net of tax
Foreign currency translation	222	(124)	49	(18)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	$ (64)	$ 0	$ (65)	$ 0

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 8,471	$ 10,658
Marketable securities	727	789
Net Investment in Operating Leases	21,160	20,332
Finance receivables, net	121,047	112,823
Derivative financial instruments	1,388	818
Other assets	3,282	2,940
Total assets	157,056	149,205
Liabilities
Accounts Payable And Due To Affiliated Entities	1,615	1,592
Accounts Payable, Trade	923	899
Debt	136,661	129,287
Deferred income taxes	368	337
Derivative financial instruments	1,712	2,141
Other liabilities and deferred income	2,670	2,459
Total liabilities	143,026	135,816
Shareholder's Interest [Member]	5,166
Shareholder's interest
Accumulated other comprehensive income	(845)
Retained earnings	9,709
Stockholders' Equity Attributable to Parent	14,030
Total liabilities and shareholder's interest	157,056	149,205
Affiliated Entity
ASSETS
Accounts and Financing Receivable, after Allowance for Credit Loss	981	845
Liabilities
Accounts Payable	692	693
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash and cash equivalents	2,526	2,298
Net Investment in Operating Leases	13,318	11,179
Finance receivables, net	60,377	56,131
Derivative financial instruments	41	90
Liabilities
Debt	46,170	48,177
Derivative financial instruments	121	45
Retail Installment loans, dealer financing, and other financing [Member]
ASSETS
Finance receivables, net	112,817	105,476
Loans and Finance Receivables [Member]
ASSETS
Finance receivables, net	8,230	7,347
Property Subject to Operating Lease [Member]
ASSETS
Net Investment in Operating Leases	$ 21,160	$ 20,332

Consolidated Balance Sheet (par

Consolidated Balance Sheet (parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Financing Receivable, Allowance for Credit Loss	$ (862)	$ (880)	$ (882)	$ (876)	$ (873)	$ (845)

Consolidated Statement of Share

Consolidated Statement of Shareholder's Interest - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Shareholder's Interest [Roll Forward]
Net income				$ 239			$ 982	$ 765
Balance at end of period	$ 14,030						14,030
Shareholder's Interest [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	5,166	$ 5,166	$ 5,166	5,166	$ 5,166	$ 5,166	5,166	5,166
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
Balance at end of period	5,166	5,166	5,166	5,166	5,166	5,166	5,166	5,166
Accumulated Other Comprehensive Income/(Loss) (Note11) [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	(1,003)	(949)	(829)	(911)	(929)	(1,017)	(829)	(1,017)
Net income	0	0	0	0	0	0
Other Comprehensive Income (Loss), Net of Tax	158	(54)	(120)	(124)	18	88
Distributions declared	0	0	0	0	0	0
Balance at end of period	(845)	(1,003)	(949)	(1,035)	(911)	(929)	(845)	(1,035)
Retained Earnings [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	9,391	9,286	9,052	8,254	7,968	7,728	9,052	7,728
Net income	493	255	234	239	286	240
Other Comprehensive Income (Loss), Net of Tax	0	0	0	0	0	0
Distributions declared	(175)	(150)	0	0	0	0
Balance at end of period	9,709	9,391	9,286	8,493	8,254	7,968	9,709	8,493
Parent [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	13,554	13,503	13,389	12,509	12,205	11,877	13,389	11,877
Net income	493	255	234	239	286	240
Other Comprehensive Income (Loss), Net of Tax	158	(54)	(120)	(124)	18	88
Distributions declared	(175)	(150)	0	0	0	0
Balance at end of period	$ 14,030	$ 13,554	$ 13,503	$ 12,624	$ 12,509	$ 12,205	$ 14,030	$ 12,624

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net Income	$ 982	$ 765
Financing Receivable, Credit Loss, Expense (Reversal)	282	191
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation Depletion and Amortizations	2,291	2,133
Amortization Of Upfront Interest Supplements	(1,746)	(1,305)
Net change in deferred income taxes	28	(2)
Net change in other assets	(365)	(605)
Net change in other liabilities	365	449
All other operating activities	195	(62)
Net Cash Provided by (Used in) Operating Activities	2,032	1,564
Cash flows from investing activities
Purchases of finance receivables	(32,952)	(30,919)
Principal collections of finance receivables	28,629	27,336
Purchases of operating lease vehicles	(8,533)	(7,021)
Proceeds From Liquidations of Operating Lease Vehicles	5,669	6,740
Net change in wholesale receivables and other	(2,770)	(1,129)
Purchases of marketable securities	(168)	(1,918)
Proceeds from sales and maturities of marketable securities	249	1,979
Settlements of derivatives	(401)	(214)
All other investing activities	(61)	(58)
Net Cash Provided by (Used in) Investing Activities	(10,338)	(5,204)
Cash flows from financing activities
Proceeds from issuances of long-term debt	43,473	36,582
Principal payments on long-term debt	(35,453)	(31,663)
Change in short-term debt, net	(1,520)	(885)
Cash distributions to parent	(325)	0
All other financing activities	(117)	(109)
Net Cash Provided by (Used in) Financing Activities	6,058	3,925
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	32	(30)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at January 1	10,795	10,520
Net increase/(decrease) in cash, cash equivalents, and restricted cash	(2,216)	255
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at March 31	$ 8,579	$ 10,775

Presentation

Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Presentation	PRESENTATION Principles of Consolidation For purposes of this report, “Ford Credit,” the “Company,” “we,” “our,” “us,” or similar references mean Ford Motor Credit Company LLC, our consolidated subsidiaries, and our consolidated VIEs of which we are the primary beneficiary, unless the context requires otherwise. We are an indirect, wholly owned subsidiary of Ford Motor Company (“Ford”). Our consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, instructions to the Quarterly Report on Form 10-Q, and Rule 10-01 of Regulation S-X. We reclassified certain prior year amounts in our consolidated financial statements to conform to the current year presentation.

Accounting Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Accounting Policies	ACCOUNTING POLICIES Adoption of New Accounting Standards We adopted the following Accounting Standards Updates (“ASUs”) during 2024, none of which had a material impact to our consolidated financial statements or financial statement disclosures: ASU Effective Date 2023-01 Leases: Common Control Arrangements January 1, 2024 2023-02 Investments – Equity Method and Joint Ventures - Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method January 1, 2024 Accounting Standards Issued But Not Yet Adopted ASU 2023-07, Segment Reporting, Improvements to Reportable Segment Disclosures . In November 2023, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard which requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker for each reportable segment. In addition to significant segment expenses that are separately disclosed, the standard requires disclosure of an amount for “other segment items” by reportable segment and a description of its composition. The standard also requires all annual disclosures about a reporting segment’s profit or loss and assets to be provided on an interim basis. This new standard is effective for our 2024 annual financial statements and interim periods beginning in 2025. We continue to assess the effect on our consolidated financial statement disclosures; however, adoption will not impact our consolidated balance sheets or income statements. ASU 2023-09, Improvements to Income Tax Disclosures . In December 2023, the FASB issued a new accounting standard to enhance the transparency and decision usefulness of income tax disclosures. The new standard is effective for annual periods beginning after December 15, 2024, with retrospective application permitted. There will be no impact to our consolidated balance sheets or income statements; however, there will be changes to our consolidated financial statement disclosures, primarily related to the effective tax rate reconciliation and cash paid for income taxes. All other ASUs issued but not yet adopted were assessed and determined to be 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, 2024
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 $ 912 $ — United States government agencies 2 625 — Non-United States government and agencies 2 276 697 Corporate debt 2 101 50 Total marketable securities classified as cash equivalents 1,914 747 Cash, time deposits, and money market funds 8,744 7,724 Total cash and cash equivalents $ 10,658 $ 8,471 Marketable securities United States government 1 $ 207 $ 247 United States government agencies 2 49 — Non-United States government and agencies 2 109 77 Corporate debt 2 268 262 Other marketable securities 2 156 141 Total marketable securities $ 789 $ 727 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 $ 10,658 $ 8,471 Restricted cash (a) 137 108 Total cash, cash equivalents, and restricted cash $ 10,795 $ 8,579 __________ (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, 2024
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. Total Finance Receivables, Net Total finance receivables, net were as follows (in millions): December 31, September 30, Consumer Retail installment contracts, gross $ 73,943 $ 79,536 Finance leases, gross 7,793 8,752 Retail financing, gross 81,736 88,288 Unearned interest supplements from Ford and affiliated companies (3,344) (4,582) Consumer finance receivables 78,392 83,706 Non-Consumer Dealer financing 33,377 36,014 Other financing 1,936 2,189 Non-Consumer finance receivables 35,313 38,203 Total recorded investment $ 113,705 $ 121,909 Recorded investment in finance receivables $ 113,705 $ 121,909 Allowance for credit losses (882) (862) Total finance receivables, net $ 112,823 $ 121,047 Net finance receivables subject to fair value (a) $ 105,476 $ 112,817 Fair value (b) 103,937 112,579 __________ (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 2023 and 2024 was $102 million and $137 million, respectively, and for the first nine months of 2023 and 2024 was $276 million and $376 million, respectively, and is included in Retail financing on our consolidated income statements. At December 31, 2023 and September 30, 2024, accrued interest was $295 million and $304 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. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) 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. The credit quality analysis of consumer receivables at December 31, 2023 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2019 2019 2020 2021 2022 2023 Total Percent Consumer 31-60 days past due $ 40 $ 49 $ 130 $ 125 $ 187 $ 159 $ 690 0.9 % 61-120 days past due 9 11 30 37 58 50 195 0.2 Greater than 120 days past due 7 4 7 10 10 5 43 0.1 Total past due 56 64 167 172 255 214 928 1.2 Current 891 2,360 7,395 11,325 20,281 35,212 77,464 98.8 Total $ 947 $ 2,424 $ 7,562 $ 11,497 $ 20,536 $ 35,426 $ 78,392 100.0 % Gross charge-offs $ 47 $ 40 $ 75 $ 85 $ 117 $ 37 $ 401 The credit quality analysis of consumer receivables at September 30, 2024 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2020 2020 2021 2022 2023 2024 Total Percent Consumer 31-60 days past due $ 50 $ 97 $ 104 $ 178 $ 224 $ 116 $ 769 0.9 % 61-120 days past due 9 22 29 49 62 27 198 0.2 Greater than 120 days past due 7 7 10 17 13 2 56 0.1 Total past due 66 126 143 244 299 145 1,023 1.2 Current 1,178 4,053 6,769 14,403 27,212 29,068 82,683 98.8 Total $ 1,244 $ 4,179 $ 6,912 $ 14,647 $ 27,511 $ 29,213 $ 83,706 100.0 % Gross charge-offs $ 38 $ 46 $ 55 $ 115 $ 136 $ 18 $ 408 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. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) The credit quality analysis of dealer financing receivables at December 31, 2023 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2019 2019 2020 2021 2022 2023 Total Wholesale Loans Total Percent Group I $ 383 $ 30 $ 58 $ 156 $ 61 $ 349 $ 1,037 $ 29,095 $ 30,132 90.3 % Group II 16 — 1 3 2 44 66 2,834 2,900 8.7 Group III — — — — 1 8 9 292 301 0.9 Group IV — 1 — — — 2 3 41 44 0.1 Total (a) $ 399 $ 31 $ 59 $ 159 $ 64 $ 403 $ 1,115 $ 32,262 $ 33,377 100.0 % Gross charge-offs $ — $ — $ — $ — $ — $ 1 $ 1 $ 3 $ 4 __________ (a) Total past due dealer financing receivables at December 31, 2023 were $33 million. The credit quality analysis of dealer financing receivables at September 30, 2024 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2020 2020 2021 2022 2023 2024 Total Wholesale Loans Total Percent Group I $ 284 $ 63 $ 105 $ 48 $ 254 $ 156 $ 910 $ 32,709 $ 33,619 93.4 % Group II 9 — 3 2 26 26 66 2,022 2,088 5.8 Group III — — — — 1 5 6 295 301 0.8 Group IV — — — — — — — 6 6 — Total (a) $ 293 $ 63 $ 108 $ 50 $ 281 $ 187 $ 982 $ 35,032 $ 36,014 100.0 % Gross charge-offs $ 1 $ — $ — $ — $ — $ — $ 1 $ 6 $ 7 __________ (a) Total past due dealer financing receivables at September 30, 2024 were $3 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. Loan Modifications. Consumer and non-consumer receivables that have a modified interest rate and/or a term extension (including receivables that were modified in reorganization proceedings pursuant to the U.S. Bankruptcy Code) are typically considered to be loan modifications. We do not grant modifications to the principal balance of our receivables. If a receivable is modified in a reorganization proceeding, all payment requirements of the reorganization plan need to be met before remaining balances are forgiven. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) During the collection process, we may offer a term extension to a customer experiencing financial difficulty. During the extension period, finance charges continue to accrue. If the customer's financial difficulty is not temporary, but we believe the customer is willing and able to repay their loan at a lower payment amount, we may offer to modify the interest rate and/or extend the term in order to lower the scheduled monthly payment. In those cases, the outstanding balance generally remains unchanged. The use of interest rate modifications and term extensions helps us mitigate financial loss. Term extensions may assist in cases where we believe the customer will recover from short-term financial difficulty and resume regularly scheduled payments. Before offering an interest rate modification or term extension, we evaluate and take into account the capacity of the customer to meet the revised payment terms. Although the granting of an extension could delay the eventual charge-off of a receivable, we are typically able to repossess and sell the related collateral, thereby mitigating the loss. The effect of most loan modifications made to borrowers experiencing financial difficulty is included in the historical trends used to measure the allowance for credit losses. A loan modification that improves the delinquency status of a borrower reduces the probability of default, which results in a lower allowance for credit losses. At September 30, 2024, an insignificant portion of our total finance receivables portfolio had been granted a loan modification, and these modifications are generally treated as a continuation of the existing loan . 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 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 2023 Third Quarter 2024 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 866 $ 7 $ 873 $ 876 $ 4 $ 880 Charge-offs (105) — (105) (155) — (155) Recoveries 37 — 37 41 — 41 Provision for credit losses 75 (1) 74 99 — 99 Other (a) (3) — (3) (3) — (3) Ending balance $ 870 $ 6 $ 876 $ 858 $ 4 $ 862 First Nine Months 2023 First Nine Months 2024 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 838 $ 7 $ 845 $ 879 $ 3 $ 882 Charge-offs (279) — (279) (408) (7) (415) Recoveries 113 1 114 122 3 125 Provision for credit losses 193 (2) 191 277 5 282 Other (a) 5 — 5 (12) — (12) Ending balance $ 870 $ 6 $ 876 $ 858 $ 4 $ 862 __________ (a) Primarily represents amounts related to translation adjustments.

Net Investments in Operating Le

Net Investments in Operating Leases	9 Months Ended
	Sep. 30, 2024
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) $ 24,182 $ 24,946 Accumulated depreciation (3,850) (3,786) Net investment in operating leases $ 20,332 $ 21,160 __________ (a)

Transfers of Receivables

Transfers of Receivables	9 Months Ended
	Sep. 30, 2024
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, Germany, Italy, the United Kingdom, 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 hold the right to receive the excess cash flows not needed to pay the debt issued by, and other obligations of, the securitization entities that are parties to those securitization transactions. 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. 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 other than as provided above and have no right to require us to repurchase the asset-backed securities. 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. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) 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. 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, 2023 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 $ 1.6 $ 35.7 $ (0.4) $ 35.3 $ 29.1 Wholesale financing 0.2 20.8 — 20.8 11.6 Finance receivables 1.8 56.5 (0.4) 56.1 40.7 Net investment in operating leases 0.5 11.2 — 11.2 7.5 Total VIE $ 2.3 $ 67.7 $ (0.4) $ 67.3 $ 48.2 Non-VIE Retail financing $ 0.4 $ 10.3 $ (0.1) $ 10.2 $ 9.4 Wholesale financing — 0.5 — 0.5 0.4 Finance receivables 0.4 10.8 (0.1) 10.7 9.8 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 10.8 $ (0.1) $ 10.7 $ 9.8 Total securitization transactions Retail financing $ 2.0 $ 46.0 $ (0.5) $ 45.5 $ 38.5 Wholesale financing 0.2 21.3 — 21.3 12.0 Finance receivables 2.2 67.3 (0.5) 66.8 50.5 Net investment in operating leases 0.5 11.2 — 11.2 7.5 Total securitization transactions $ 2.7 $ 78.5 $ (0.5) $ 78.0 $ 58.0 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) September 30, 2024 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 $ 37.4 $ (0.3) $ 37.1 $ 31.4 Wholesale financing 0.2 23.3 — 23.3 6.1 Finance receivables 1.9 60.7 (0.3) 60.4 37.5 Net investment in operating leases 0.6 13.3 — 13.3 8.7 Total VIE $ 2.5 $ 74.0 $ (0.3) $ 73.7 $ 46.2 Non-VIE Retail financing $ 0.5 $ 11.3 $ (0.1) $ 11.2 $ 9.8 Wholesale financing — 0.4 — 0.4 0.3 Finance receivables 0.5 11.7 (0.1) 11.6 10.1 Net investment in operating leases — — — — — Total Non-VIE $ 0.5 $ 11.7 $ (0.1) $ 11.6 $ 10.1 Total securitization transactions Retail financing $ 2.2 $ 48.7 $ (0.4) $ 48.3 $ 41.2 Wholesale financing 0.2 23.7 — 23.7 6.4 Finance receivables 2.4 72.4 (0.4) 72.0 47.6 Net investment in operating leases 0.6 13.3 — 13.3 8.7 Total securitization transactions $ 3.0 $ 85.7 $ (0.4) $ 85.3 $ 56.3 __________ (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, 2024
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 2023 2024 2023 2024 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ (137) $ (92) $ (407) $ (294) Fair value changes on hedging instruments (219) 585 (285) 316 Fair value changes on hedged debt 210 (553) 223 (316) Cross-currency interest rate swap contracts Net interest settlements and accruals on hedging instruments (23) (33) (56) (97) Fair value changes on hedging instruments (46) 266 (48) 155 Fair value changes on hedged debt 44 (261) 47 (159) Derivatives not designated as hedging instruments Interest rate contracts 28 (153) 125 (102) Foreign currency exchange contracts (a) 59 (5) 30 132 Cross-currency interest rate swap contracts (137) 210 (112) 14 Total $ (221) $ (36) $ (483) $ (351) __________ (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, 2023 September 30, 2024 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 12,119 $ 106 $ 633 $ 15,029 $ 329 $ 382 Cross-currency interest rate swap contracts 2,078 69 104 3,802 212 76 Derivatives not designated as hedging instruments Interest rate contracts 73,134 465 1,036 78,632 419 995 Foreign currency exchange contracts (a) 10,276 59 116 11,658 174 127 Cross-currency interest rate swap contracts 7,100 119 252 5,648 254 132 Total derivative financial instruments, gross (b) (c) $ 104,707 $ 818 $ 2,141 $ 114,769 $ 1,388 $ 1,712 __________ (a) Includes forward contracts between us and an affiliated company, including offsetting forward contracts with our consolidated entities, totaling $5.7 billion in notional amounts and $91 million in both assets and liabilities at September 30, 2024. (b) At December 31, 2023 and September 30, 2024, we held collateral of $40 million and $35 million, respectively, and we posted collateral of $126 million and $145 million, respectively. (c)

Other Assets and Other Liabilit

Other Assets and Other Liabilities and Deferred Income	9 Months Ended
	Sep. 30, 2024
Other Assets and Other Liabilities and Deferred Income [Abstract]
OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED INCOME	OTHER ASSETS AND OTHER LIABILITIES Other assets and Other liabilities 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 $ 818 $ 861 Accrued interest and other non-finance receivables 677 735 Collateral held for resale, at net realizable value 426 511 Property and equipment, net of accumulated depreciation (a) 270 306 Investment in non-consolidated affiliates 167 191 Deferred tax assets 190 189 Restricted cash 137 108 Operating lease assets 53 40 Other 202 341 Total other assets $ 2,940 $ 3,282 __________ (a) Accumulated depreciation was $453 million and $446 million at December 31, 2023 and September 30, 2024, respectively. Other liabilities were as follows (in millions): December 31, September 30, Interest payable $ 963 $ 1,152 Unearned insurance premiums and fees 930 976 Income tax and related interest (a) 186 133 Payroll and employee benefits 96 93 Operating lease liabilities 55 42 Other 229 274 Total other liabilities $ 2,459 $ 2,670 __________ (a) Includes income tax and interest payable to affiliated companies of $62 million and $6 million at December 31, 2023 and September 30, 2024, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
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, 2023 2024 2023 2024 Short-term debt Unsecured debt Floating rate demand notes $ 10,907 $ 11,710 Other short-term debt 4,593 4,257 Asset-backed debt (a) 3,158 1,348 Total short-term debt 18,658 17,315 5.3 % 5.1 % 5.3 % 5.1 % Long-term debt Unsecured debt Notes payable within one year 11,755 12,995 Notes payable after one year 45,435 52,256 Asset-backed debt (a) Notes payable within one year 18,851 21,855 Notes payable after one year 36,074 33,144 Unamortized (discount)/premium 9 (19) Unamortized issuance costs (237) (248) Fair value adjustments (b) (1,258) (637) Total long-term debt 110,629 119,346 4.7 % 4.9 % 4.7 % 4.9 % Total debt $ 129,287 $ 136,661 4.8 % 4.9 % 4.8 % 4.9 % Fair value of debt (c) $ 130,533 $ 139,158 __________ (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 $(681) million and $(536) million at December 31, 2023 and September 30, 2024, respectively. The carrying value of hedged debt was $38.7 billion and $42.2 billion at December 31, 2023 and September 30, 2024, respectively. (c)

Other Income, Net

Other Income, Net	9 Months Ended
	Sep. 30, 2024
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 2023 2024 2023 2024 Interest and investment income $ 135 $ 150 $ 378 $ 414 Currency revaluation gains/(losses) 156 (340) 24 (282) Gains/(losses) on derivatives (98) 228 3 140 Gains/(losses) on changes in investments in affiliates (a) — 64 — 65 Other (6) 9 8 18 Total other income/(loss), net $ 187 $ 111 $ 413 $ 355

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
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. Our segments are: the United States and Canada, Europe, and All Other. Our All Other segment includes our operations in China, Mexico, and our joint venture in South Africa, as well as wind down activities in Brazil, Argentina, and India. We measure the performance of our segments primarily on an income before income taxes basis, after excluding market valuation adjustments to derivatives and exchange-rate fluctuations on foreign currency-denominated transactions, which are reflected in Unallocated Other. These adjustments are excluded when assessing our segment performance because they are carried out at the corporate level. NOTE 11. 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 Total Third Quarter 2023 Total revenue $ 2,366 $ 346 $ 116 $ 2,828 $ — $ 2,828 Income before income taxes 257 78 21 356 2 358 Depreciation on vehicles subject to operating leases 568 8 — 576 — 576 Interest expense 1,354 185 65 1,604 49 1,653 Provision for credit losses 71 4 (1) 74 — 74 Third Quarter 2024 Total revenue $ 2,877 $ 375 $ 111 $ 3,363 $ — $ 3,363 Income before income taxes 461 149 21 631 (87) 544 Depreciation on vehicles subject to operating leases 591 9 — 600 — 600 Interest expense 1,551 216 63 1,830 48 1,878 Provision for credit losses 83 6 10 99 — 99 First Nine Months 2023 Total revenue $ 6,841 $ 974 $ 324 $ 8,139 $ — $ 8,139 Income before income taxes 801 269 70 1,140 (98) 1,042 Depreciation on vehicles subject to operating leases 1,676 14 — 1,690 — 1,690 Interest expense 3,807 477 173 4,457 118 4,575 Provision for credit losses 170 6 15 191 — 191 Net finance receivables and net investment in operating leases 101,885 19,330 5,112 126,327 — 126,327 Total assets 114,585 23,301 5,665 143,551 — 143,551 First Nine Months 2024 Total revenue $ 8,278 $ 1,127 $ 347 $ 9,752 $ — $ 9,752 Income before income taxes 1,022 309 51 1,382 (169) 1,213 Depreciation on vehicles subject to operating leases 1,800 23 — 1,823 — 1,823 Interest expense 4,530 653 198 5,381 242 5,623 Provision for credit losses 223 18 41 282 — 282 Net finance receivables and net investment in operating leases 116,916 20,845 4,446 142,207 — 142,207 Total assets 127,289 24,732 5,035 157,056 — 157,056

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 239	$ 982	$ 765

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Basis of Accounting and Intercompany Transactions [Abstract]
Basis of Accounting and Intercompany Transactions [Policy Text Block]	For purposes of this report, “Ford Credit,” the “Company,” “we,” “our,” “us,” or similar references mean Ford Motor Credit Company LLC, our consolidated subsidiaries, and our consolidated VIEs of which we are the primary beneficiary, unless the context requires otherwise. We are an indirect, wholly owned subsidiary of Ford Motor Company (“Ford”). Our consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, instructions to the Quarterly Report on Form 10-Q, and Rule 10-01 of Regulation S-X. We reclassified certain prior year amounts in our consolidated financial statements to conform to the 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. Loan Modifications. Consumer and non-consumer receivables that have a modified interest rate and/or a term extension (including receivables that were modified in reorganization proceedings pursuant to the U.S. Bankruptcy Code) are typically considered to be loan modifications. We do not grant modifications to the principal balance of our receivables. If a receivable is modified in a reorganization proceeding, all payment requirements of the reorganization plan need to be met before remaining balances are forgiven. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES ( Continued ) During the collection process, we may offer a term extension to a customer experiencing financial difficulty. During the extension period, finance charges continue to accrue. If the customer's financial difficulty is not temporary, but we believe the customer is willing and able to repay their loan at a lower payment amount, we may offer to modify the interest rate and/or extend the term in order to lower the scheduled monthly payment. In those cases, the outstanding balance generally remains unchanged. The use of interest rate modifications and term extensions helps us mitigate financial loss. Term extensions may assist in cases where we believe the customer will recover from short-term financial difficulty and resume regularly scheduled payments. Before offering an interest rate modification or term extension, we evaluate and take into account the capacity of the customer to meet the revised payment terms. Although the granting of an extension could delay the eventual charge-off of a receivable, we are typically able to repossess and sell the related collateral, thereby mitigating the loss. The effect of most loan modifications made to borrowers experiencing financial difficulty is included in the historical trends used to measure the allowance for credit losses. A loan modification that improves the delinquency status of a borrower reduces the probability of default, which results in a lower allowance for credit losses. At September 30, 2024, an insignificant portion of our total finance receivables portfolio had been granted a loan modification, and these modifications are generally treated as a continuation of the existing loan . 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 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.
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. 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, 2024
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 $ 912 $ — United States government agencies 2 625 — Non-United States government and agencies 2 276 697 Corporate debt 2 101 50 Total marketable securities classified as cash equivalents 1,914 747 Cash, time deposits, and money market funds 8,744 7,724 Total cash and cash equivalents $ 10,658 $ 8,471 Marketable securities United States government 1 $ 207 $ 247 United States government agencies 2 49 — Non-United States government and agencies 2 109 77 Corporate debt 2 268 262 Other marketable securities 2 156 141 Total marketable securities $ 789 $ 727
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 $ 10,658 $ 8,471 Restricted cash (a) 137 108 Total cash, cash equivalents, and restricted cash $ 10,795 $ 8,579 __________ (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, 2024
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 2023 Third Quarter 2024 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 866 $ 7 $ 873 $ 876 $ 4 $ 880 Charge-offs (105) — (105) (155) — (155) Recoveries 37 — 37 41 — 41 Provision for credit losses 75 (1) 74 99 — 99 Other (a) (3) — (3) (3) — (3) Ending balance $ 870 $ 6 $ 876 $ 858 $ 4 $ 862 First Nine Months 2023 First Nine Months 2024 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 838 $ 7 $ 845 $ 879 $ 3 $ 882 Charge-offs (279) — (279) (408) (7) (415) Recoveries 113 1 114 122 3 125 Provision for credit losses 193 (2) 191 277 5 282 Other (a) 5 — 5 (12) — (12) Ending balance $ 870 $ 6 $ 876 $ 858 $ 4 $ 862 __________ (a)
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 $ 73,943 $ 79,536 Finance leases, gross 7,793 8,752 Retail financing, gross 81,736 88,288 Unearned interest supplements from Ford and affiliated companies (3,344) (4,582) Consumer finance receivables 78,392 83,706 Non-Consumer Dealer financing 33,377 36,014 Other financing 1,936 2,189 Non-Consumer finance receivables 35,313 38,203 Total recorded investment $ 113,705 $ 121,909 Recorded investment in finance receivables $ 113,705 $ 121,909 Allowance for credit losses (882) (862) Total finance receivables, net $ 112,823 $ 121,047 Net finance receivables subject to fair value (a) $ 105,476 $ 112,817 Fair value (b) 103,937 112,579 __________ (a) Net finance receivables subject to fair value exclude finance leases. (b)
Financing Receivable, Past Due [Table Text Block]	The credit quality analysis of consumer receivables at December 31, 2023 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2019 2019 2020 2021 2022 2023 Total Percent Consumer 31-60 days past due $ 40 $ 49 $ 130 $ 125 $ 187 $ 159 $ 690 0.9 % 61-120 days past due 9 11 30 37 58 50 195 0.2 Greater than 120 days past due 7 4 7 10 10 5 43 0.1 Total past due 56 64 167 172 255 214 928 1.2 Current 891 2,360 7,395 11,325 20,281 35,212 77,464 98.8 Total $ 947 $ 2,424 $ 7,562 $ 11,497 $ 20,536 $ 35,426 $ 78,392 100.0 % Gross charge-offs $ 47 $ 40 $ 75 $ 85 $ 117 $ 37 $ 401 The credit quality analysis of consumer receivables at September 30, 2024 was as follows (in millions): Amortized Cost Basis by Origination Year Prior to 2020 2020 2021 2022 2023 2024 Total Percent Consumer 31-60 days past due $ 50 $ 97 $ 104 $ 178 $ 224 $ 116 $ 769 0.9 % 61-120 days past due 9 22 29 49 62 27 198 0.2 Greater than 120 days past due 7 7 10 17 13 2 56 0.1 Total past due 66 126 143 244 299 145 1,023 1.2 Current 1,178 4,053 6,769 14,403 27,212 29,068 82,683 98.8 Total $ 1,244 $ 4,179 $ 6,912 $ 14,647 $ 27,511 $ 29,213 $ 83,706 100.0 % Gross charge-offs $ 38 $ 46 $ 55 $ 115 $ 136 $ 18 $ 408
Financing Receivables Credit Quality Indicators [Table Text Block]	The credit quality analysis of dealer financing receivables at December 31, 2023 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2019 2019 2020 2021 2022 2023 Total Wholesale Loans Total Percent Group I $ 383 $ 30 $ 58 $ 156 $ 61 $ 349 $ 1,037 $ 29,095 $ 30,132 90.3 % Group II 16 — 1 3 2 44 66 2,834 2,900 8.7 Group III — — — — 1 8 9 292 301 0.9 Group IV — 1 — — — 2 3 41 44 0.1 Total (a) $ 399 $ 31 $ 59 $ 159 $ 64 $ 403 $ 1,115 $ 32,262 $ 33,377 100.0 % Gross charge-offs $ — $ — $ — $ — $ — $ 1 $ 1 $ 3 $ 4 __________ (a) Total past due dealer financing receivables at December 31, 2023 were $33 million. The credit quality analysis of dealer financing receivables at September 30, 2024 was as follows (in millions): Amortized Cost Basis by Origination Year Dealer Loans Prior to 2020 2020 2021 2022 2023 2024 Total Wholesale Loans Total Percent Group I $ 284 $ 63 $ 105 $ 48 $ 254 $ 156 $ 910 $ 32,709 $ 33,619 93.4 % Group II 9 — 3 2 26 26 66 2,022 2,088 5.8 Group III — — — — 1 5 6 295 301 0.8 Group IV — — — — — — — 6 6 — Total (a) $ 293 $ 63 $ 108 $ 50 $ 281 $ 187 $ 982 $ 35,032 $ 36,014 100.0 % Gross charge-offs $ 1 $ — $ — $ — $ — $ — $ 1 $ 6 $ 7 __________ (a)

Net Investment in Operating Lea

Net Investment in Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2024
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) $ 24,182 $ 24,946 Accumulated depreciation (3,850) (3,786) Net investment in operating leases $ 20,332 $ 21,160 __________ (a)

Transfers of Receivables (Table

Transfers of Receivables (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2023 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 $ 1.6 $ 35.7 $ (0.4) $ 35.3 $ 29.1 Wholesale financing 0.2 20.8 — 20.8 11.6 Finance receivables 1.8 56.5 (0.4) 56.1 40.7 Net investment in operating leases 0.5 11.2 — 11.2 7.5 Total VIE $ 2.3 $ 67.7 $ (0.4) $ 67.3 $ 48.2 Non-VIE Retail financing $ 0.4 $ 10.3 $ (0.1) $ 10.2 $ 9.4 Wholesale financing — 0.5 — 0.5 0.4 Finance receivables 0.4 10.8 (0.1) 10.7 9.8 Net investment in operating leases — — — — — Total Non-VIE $ 0.4 $ 10.8 $ (0.1) $ 10.7 $ 9.8 Total securitization transactions Retail financing $ 2.0 $ 46.0 $ (0.5) $ 45.5 $ 38.5 Wholesale financing 0.2 21.3 — 21.3 12.0 Finance receivables 2.2 67.3 (0.5) 66.8 50.5 Net investment in operating leases 0.5 11.2 — 11.2 7.5 Total securitization transactions $ 2.7 $ 78.5 $ (0.5) $ 78.0 $ 58.0 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) September 30, 2024 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 $ 37.4 $ (0.3) $ 37.1 $ 31.4 Wholesale financing 0.2 23.3 — 23.3 6.1 Finance receivables 1.9 60.7 (0.3) 60.4 37.5 Net investment in operating leases 0.6 13.3 — 13.3 8.7 Total VIE $ 2.5 $ 74.0 $ (0.3) $ 73.7 $ 46.2 Non-VIE Retail financing $ 0.5 $ 11.3 $ (0.1) $ 11.2 $ 9.8 Wholesale financing — 0.4 — 0.4 0.3 Finance receivables 0.5 11.7 (0.1) 11.6 10.1 Net investment in operating leases — — — — — Total Non-VIE $ 0.5 $ 11.7 $ (0.1) $ 11.6 $ 10.1 Total securitization transactions Retail financing $ 2.2 $ 48.7 $ (0.4) $ 48.3 $ 41.2 Wholesale financing 0.2 23.7 — 23.7 6.4 Finance receivables 2.4 72.4 (0.4) 72.0 47.6 Net investment in operating leases 0.6 13.3 — 13.3 8.7 Total securitization transactions $ 3.0 $ 85.7 $ (0.4) $ 85.3 $ 56.3 __________ (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, 2024
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 2023 2024 2023 2024 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ (137) $ (92) $ (407) $ (294) Fair value changes on hedging instruments (219) 585 (285) 316 Fair value changes on hedged debt 210 (553) 223 (316) Cross-currency interest rate swap contracts Net interest settlements and accruals on hedging instruments (23) (33) (56) (97) Fair value changes on hedging instruments (46) 266 (48) 155 Fair value changes on hedged debt 44 (261) 47 (159) Derivatives not designated as hedging instruments Interest rate contracts 28 (153) 125 (102) Foreign currency exchange contracts (a) 59 (5) 30 132 Cross-currency interest rate swap contracts (137) 210 (112) 14 Total $ (221) $ (36) $ (483) $ (351) __________ (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, 2023 September 30, 2024 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Fair value hedges Interest rate contracts $ 12,119 $ 106 $ 633 $ 15,029 $ 329 $ 382 Cross-currency interest rate swap contracts 2,078 69 104 3,802 212 76 Derivatives not designated as hedging instruments Interest rate contracts 73,134 465 1,036 78,632 419 995 Foreign currency exchange contracts (a) 10,276 59 116 11,658 174 127 Cross-currency interest rate swap contracts 7,100 119 252 5,648 254 132 Total derivative financial instruments, gross (b) (c) $ 104,707 $ 818 $ 2,141 $ 114,769 $ 1,388 $ 1,712 __________ (a) Includes forward contracts between us and an affiliated company, including offsetting forward contracts with our consolidated entities, totaling $5.7 billion in notional amounts and $91 million in both assets and liabilities at September 30, 2024. (b) At December 31, 2023 and September 30, 2024, we held collateral of $40 million and $35 million, respectively, and we posted collateral of $126 million and $145 million, respectively. (c)

Other Assets and Other Liabil_2

Other Assets and Other Liabilities and Deferred Income (Tables)	9 Months Ended
	Sep. 30, 2024
Other Assets and Other Liabilities and Deferred Income [Abstract]
Schedule of Other Assets and Other Liabilities [Table Text Block]	Other assets and Other liabilities 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 $ 818 $ 861 Accrued interest and other non-finance receivables 677 735 Collateral held for resale, at net realizable value 426 511 Property and equipment, net of accumulated depreciation (a) 270 306 Investment in non-consolidated affiliates 167 191 Deferred tax assets 190 189 Restricted cash 137 108 Operating lease assets 53 40 Other 202 341 Total other assets $ 2,940 $ 3,282 __________ (a) Accumulated depreciation was $453 million and $446 million at December 31, 2023 and September 30, 2024, respectively. Other liabilities were as follows (in millions): December 31, September 30, Interest payable $ 963 $ 1,152 Unearned insurance premiums and fees 930 976 Income tax and related interest (a) 186 133 Payroll and employee benefits 96 93 Operating lease liabilities 55 42 Other 229 274 Total other liabilities $ 2,459 $ 2,670 __________ (a) Includes income tax and interest payable to affiliated companies of $62 million and $6 million at December 31, 2023 and September 30, 2024, respectively.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2023 2024 2023 2024 Short-term debt Unsecured debt Floating rate demand notes $ 10,907 $ 11,710 Other short-term debt 4,593 4,257 Asset-backed debt (a) 3,158 1,348 Total short-term debt 18,658 17,315 5.3 % 5.1 % 5.3 % 5.1 % Long-term debt Unsecured debt Notes payable within one year 11,755 12,995 Notes payable after one year 45,435 52,256 Asset-backed debt (a) Notes payable within one year 18,851 21,855 Notes payable after one year 36,074 33,144 Unamortized (discount)/premium 9 (19) Unamortized issuance costs (237) (248) Fair value adjustments (b) (1,258) (637) Total long-term debt 110,629 119,346 4.7 % 4.9 % 4.7 % 4.9 % Total debt $ 129,287 $ 136,661 4.8 % 4.9 % 4.8 % 4.9 % Fair value of debt (c) $ 130,533 $ 139,158 __________ (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 $(681) million and $(536) million at December 31, 2023 and September 30, 2024, respectively. The carrying value of hedged debt was $38.7 billion and $42.2 billion at December 31, 2023 and September 30, 2024, respectively. (c)

Other Income, Net (Tables)

Other Income, Net (Tables)	9 Months Ended
	Sep. 30, 2024
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 2023 2024 2023 2024 Interest and investment income $ 135 $ 150 $ 378 $ 414 Currency revaluation gains/(losses) 156 (340) 24 (282) Gains/(losses) on derivatives (98) 228 3 140 Gains/(losses) on changes in investments in affiliates (a) — 64 — 65 Other (6) 9 8 18 Total other income/(loss), net $ 187 $ 111 $ 413 $ 355

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
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 Total Third Quarter 2023 Total revenue $ 2,366 $ 346 $ 116 $ 2,828 $ — $ 2,828 Income before income taxes 257 78 21 356 2 358 Depreciation on vehicles subject to operating leases 568 8 — 576 — 576 Interest expense 1,354 185 65 1,604 49 1,653 Provision for credit losses 71 4 (1) 74 — 74 Third Quarter 2024 Total revenue $ 2,877 $ 375 $ 111 $ 3,363 $ — $ 3,363 Income before income taxes 461 149 21 631 (87) 544 Depreciation on vehicles subject to operating leases 591 9 — 600 — 600 Interest expense 1,551 216 63 1,830 48 1,878 Provision for credit losses 83 6 10 99 — 99 First Nine Months 2023 Total revenue $ 6,841 $ 974 $ 324 $ 8,139 $ — $ 8,139 Income before income taxes 801 269 70 1,140 (98) 1,042 Depreciation on vehicles subject to operating leases 1,676 14 — 1,690 — 1,690 Interest expense 3,807 477 173 4,457 118 4,575 Provision for credit losses 170 6 15 191 — 191 Net finance receivables and net investment in operating leases 101,885 19,330 5,112 126,327 — 126,327 Total assets 114,585 23,301 5,665 143,551 — 143,551 First Nine Months 2024 Total revenue $ 8,278 $ 1,127 $ 347 $ 9,752 $ — $ 9,752 Income before income taxes 1,022 309 51 1,382 (169) 1,213 Depreciation on vehicles subject to operating leases 1,800 23 — 1,823 — 1,823 Interest expense 4,530 653 198 5,381 242 5,623 Provision for credit losses 223 18 41 282 — 282 Net finance receivables and net investment in operating leases 116,916 20,845 4,446 142,207 — 142,207 Total assets 127,289 24,732 5,035 157,056 — 157,056

Cash, Cash Equivalents, and M_2

Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash, Cash Equivalents, and Short-term Investments	$ 7,724	$ 8,744
Total cash and cash equivalents	8,471	10,658
Restricted Cash	108	137
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	8,579	10,795	$ 10,775	$ 10,520
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	747	1,914
Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	727	789
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	0	912
Marketable securities	247	207
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	625
Marketable securities	0	49
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	697	276
Marketable securities	77	109
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	50	101
Marketable securities	262	268
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	$ 141	$ 156

Finance Receivables Net (Detail

Finance Receivables Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales Type and Direct Financing Lease Revenue	$ 137	$ 102	$ 376	$ 276
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	121,909		121,909		$ 113,705
Financing Receivable, Allowance for Credit Loss	(862)	(876)	(862)	(876)	(882)	$ (880)	$ (873)	$ (845)
Finance leases, net	$ 121,047		$ 121,047		112,823
Financing Receivable, Threshold Period Past Due	31 days		31 days
Interest Receivable	$ 304		$ 304		295
Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	83,706		83,706		78,392
Financing Receivable, Allowance for Credit Loss, Writeoff	408		408		401
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff			18		37
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff			136		117
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff			115		85
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff			55		75
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff			46		40
Financing Receivable, Allowance for Credit Loss	(858)	(870)	(858)	(870)	(879)	(876)	(866)	(838)
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff			38		47
Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	38,203		38,203		35,313
Financing Receivable, Revolving, Writeoff			6		3
Financing Receivable, Allowance for Credit Loss	(4)	$ (6)	(4)	$ (6)	(3)	$ (4)	$ (7)	$ (7)
Retail Installment Loans [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	79,536		79,536		73,943
Retail [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Unearned interest supplements from Ford and affiliated companies	(4,582)		(4,582)		(3,344)
Financing Receivable, before Allowance for Credit Loss	83,706		83,706		78,392
Finance Receivable Before Unearned Interest Supplements	88,288		88,288		81,736
Finance leases [Member]
Net Finance Receivables [Abstract]
Finance leases, net	8,230		8,230		7,347
Finance leases [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Sales-type and Direct Financing Leases, Lease Receivable	8,752		8,752		7,793
Wholesale and Dealer Loans [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	36,014		36,014		33,377
Financing Receivable, Allowance for Credit Loss, Writeoff	7		7		4
Other Finance Receivables [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, before Allowance for Credit Loss	2,189		2,189		1,936
Retail Installment loans, dealer financing, and other financing [Member]
Net Finance Receivables [Abstract]
Finance leases, net	112,817		112,817		105,476
Dealer Loans | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Allowance for Credit Loss, Writeoff	1		1		1
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff			0		1
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff			0		0
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff			0		0
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff			0		0
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff			0		0
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff			1		0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Net Finance Receivables [Abstract]
Finance leases, net	112,817		112,817		105,476
Fair value (b)	$ 112,579		$ 112,579		$ 103,937

Finance Receivables - Credit Qu

Finance Receivables - Credit Quality and Impaired Receivables (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Non-Accrual of Revenue	90
Financing Receivables	$ 121,909,000,000	$ 113,705,000,000
Wholesale and Dealer Loans [Member] | Financing Receivable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	3,000,000	33,000,000
Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	38,203,000,000	35,313,000,000
Financing Receivable, Revolving	35,032,000,000	32,262,000,000
Financing Receivable, Revolving, Writeoff	6,000,000	3,000,000
Commercial Portfolio Segment [Member] | Group I
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	33,619,000,000	30,132,000,000
Financing Receivable, Revolving	32,709,000,000	29,095,000,000
Commercial Portfolio Segment [Member] | Group I | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.934	0.903
Commercial Portfolio Segment [Member] | Group II
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	2,088,000,000	2,900,000,000
Financing Receivable, Revolving	2,022,000,000	2,834,000,000
Commercial Portfolio Segment [Member] | Group II | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.058	0.087
Commercial Portfolio Segment [Member] | Group III
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	301,000,000	301,000,000
Financing Receivable, Revolving	295,000,000	292,000,000
Commercial Portfolio Segment [Member] | Group III | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.008	0.009
Commercial Portfolio Segment [Member] | Group IV
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	6,000,000	44,000,000
Financing Receivable, Revolving	6,000,000	41,000,000
Commercial Portfolio Segment [Member] | Group IV | Percent of Total
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0	0.001
Commercial Portfolio Segment [Member] | Dealer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	293,000,000	399,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	63,000,000	31,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	108,000,000	59,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	50,000,000	159,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	281,000,000	64,000,000
Financing Receivable, Originated in Current Fiscal Year	187,000,000	403,000,000
Financing Receivable Originations Total	982,000,000	1,115,000,000
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	284,000,000	383,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	63,000,000	30,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	105,000,000	58,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	48,000,000	156,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	254,000,000	61,000,000
Financing Receivable, Originated in Current Fiscal Year	156,000,000	349,000,000
Financing Receivable Originations Total	910,000,000	1,037,000,000
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	9,000,000	16,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	0	0
Financing Receivable, Originated Three Years before Latest Fiscal Year	3,000,000	1,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	2,000,000	3,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	26,000,000	2,000,000
Financing Receivable, Originated in Current Fiscal Year	26,000,000	44,000,000
Financing Receivable Originations Total	66,000,000	66,000,000
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	0
Financing Receivable, Originated Four Years before Latest Fiscal Year	0	0
Financing Receivable, Originated Three Years before Latest Fiscal Year	0	0
Financing Receivable, Originated Two Years before Latest Fiscal Year	0	0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	1,000,000	1,000,000
Financing Receivable, Originated in Current Fiscal Year	5,000,000	8,000,000
Financing Receivable Originations Total	6,000,000	9,000,000
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	1,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	0	0
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	0	2,000,000
Financing Receivable Originations Total	0	3,000,000
Commercial Portfolio Segment [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	36,014,000,000	33,377,000,000
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	36,014,000,000	33,377,000,000
Financing Receivable, Allowance for Credit Loss, Writeoff	7,000,000	4,000,000
Commercial Portfolio Segment [Member] | Dealer Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Allowance for Credit Loss, Writeoff	1,000,000	1,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	1,000,000
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff	1,000,000	0
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	83,706,000,000	78,392,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	1,244,000,000	947,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	4,179,000,000	2,424,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	6,912,000,000	7,562,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	14,647,000,000	11,497,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	27,511,000,000	20,536,000,000
Financing Receivable, Originated in Current Fiscal Year	29,213,000,000	35,426,000,000
Financing Receivable, Allowance for Credit Loss, Writeoff	408,000,000	401,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	18,000,000	37,000,000
Financing Receivable, Year Three, Originated, Two Years Before Current Fiscal Year, Writeoff	115,000,000	85,000,000
Financing Receivable, Year Four, Originated, Three Years Before Current Fiscal Year, Writeoff	55,000,000	75,000,000
Financing Receivable, Year Five, Originated, Four Years Before Current Fiscal Year, Writeoff	46,000,000	40,000,000
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff	38,000,000	47,000,000
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff	136,000,000	117,000,000
Consumer Portfolio Segment [Member] | Financing Receivables, 31-60 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	769,000,000	690,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	50,000,000	40,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	97,000,000	49,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	104,000,000	130,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	178,000,000	125,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	224,000,000	187,000,000
Financing Receivable, Originated in Current Fiscal Year	116,000,000	159,000,000
Consumer Portfolio Segment [Member] | Financing Receivables, 61-120 Days past due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	198,000,000	195,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	9,000,000	9,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	22,000,000	11,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	29,000,000	30,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	49,000,000	37,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	62,000,000	58,000,000
Financing Receivable, Originated in Current Fiscal Year	27,000,000	50,000,000
Consumer Portfolio Segment [Member] | Financing Receivables, Greater Than 120 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	56,000,000	43,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	7,000,000	7,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	7,000,000	4,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	10,000,000	7,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	17,000,000	10,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	13,000,000	10,000,000
Financing Receivable, Originated in Current Fiscal Year	2,000,000	5,000,000
Consumer Portfolio Segment [Member] | Total past due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	1,023,000,000	928,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	66,000,000	56,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	126,000,000	64,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	143,000,000	167,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	244,000,000	172,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	299,000,000	255,000,000
Financing Receivable, Originated in Current Fiscal Year	145,000,000	214,000,000
Consumer Portfolio Segment [Member] | Financial Asset, 1 to 29 Days Past Due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	82,683,000,000	77,464,000,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	1,178,000,000	891,000,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	4,053,000,000	2,360,000,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	6,769,000,000	7,395,000,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	14,403,000,000	11,325,000,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	27,212,000,000	20,281,000,000
Financing Receivable, Originated in Current Fiscal Year	29,068,000,000	35,212,000,000
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	0.009	0.009
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	0.001	0.001
Consumer Portfolio Segment [Member] | Percent of Total | Total past due [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivables	0.012	0.012
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	$ 0.988	$ 0.988
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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss	$ 862	$ 876	$ 862	$ 876	$ 880	$ 882	$ 873	$ 845
Finance receivables, net	121,047		121,047			112,823
Financing Receivable, Allowance for Credit Loss, Writeoff	(155)	(105)	(415)	(279)
Financing Receivable, Allowance for Credit Loss, Recovery	41	37	125	114
Financing Receivable, Credit Loss, Expense (Reversal)	99	74	282	191
Financing Receivable, Allowance for Credit Losses, Other	(3)	(3)	(12)	5
Financing Receivable, before Allowance for Credit Loss	$ 121,909		121,909			113,705
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)			$ (20)
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	$ 4	6	$ 4	6	4	3	7	7
Financing Receivable, Allowance for Credit Loss, Writeoff	0	0	(7)	0
Financing Receivable, Allowance for Credit Loss, Recovery	0	0	3	1
Financing Receivable, Credit Loss, Expense (Reversal)	0	(1)	5	(2)
Financing Receivable, Allowance for Credit Losses, Other	0	0	0	0
Financing Receivable, before Allowance for Credit Loss	38,203		38,203			35,313
Consumer Portfolio Segment [Member]
Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss	858	870	858	870	$ 876	879	$ 866	$ 838
Financing Receivable, Allowance for Credit Loss, Writeoff	(155)	(105)	(408)	(279)
Financing Receivable, Allowance for Credit Loss, Recovery	41	37	122	113
Financing Receivable, Credit Loss, Expense (Reversal)	99	75	277	193
Financing Receivable, Allowance for Credit Losses, Other	(3)	$ (3)	(12)	$ 5
Financing Receivable, before Allowance for Credit Loss	83,706		83,706			78,392
Retail Installment loans, dealer financing, and other financing [Member]
Allowance for Credit Losses [Line Items]
Finance receivables, net	$ 112,817		$ 112,817			$ 105,476

Net Investments in Operating _2

Net Investments in Operating Leases (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 446	$ 453
Net Investment in Operating Leases	$ 21,160	20,332
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	$ 24,946	24,182
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	3,786	3,850
Net Investment in Operating Leases	$ 21,160	$ 20,332

Transfers of Receivables - Asse

Transfers of Receivables - Assets and Liabilities of Securitizations (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Securitization Transactions [Line Items]
Cash and cash equivalents	$ 8,471	$ 10,658
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	142,207		$ 126,327
Related Debt	136,661	129,287
Total assets	157,056	149,205	$ 143,551
Consolidated Entities [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	3,000	2,700
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	85,700	78,500
Allowance for Credit Losses	(400)	(500)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	85,300	78,000
Related Debt	56,300	58,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,400	2,200
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	72,400	67,300
Allowance for Credit Losses	(400)	(500)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	72,000	66,800
Related Debt	47,600	50,500
Consolidated Entities [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,200	2,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	48,700	46,000
Allowance for Credit Losses	(400)	(500)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	48,300	45,500
Related Debt	41,200	38,500
Consolidated Entities [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	200	200
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	23,700	21,300
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	23,700	21,300
Related Debt	6,400	12,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	600	500
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	13,300	11,200
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	13,300	11,200
Related Debt	8,700	7,500
Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,526	2,298
Related Debt	46,170	48,177
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	2,500	2,300
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	74,000	67,700
Allowance for Credit Losses	(300)	(400)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	73,700	67,300
Related Debt	46,200	48,200
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	1,900	1,800
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	60,700	56,500
Allowance for Credit Losses	(300)	(400)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	60,400	56,100
Related Debt	37,500	40,700
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	1,700	1,600
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	37,400	35,700
Allowance for Credit Losses	(300)	(400)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	37,100	35,300
Related Debt	31,400	29,100
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	200	200
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	23,300	20,800
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	23,300	20,800
Related Debt	6,100	11,600
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	600	500
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	13,300	11,200
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	13,300	11,200
Related Debt	8,700	7,500
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500	400
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,700	10,800
Allowance for Credit Losses	(100)	(100)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,600	10,700
Related Debt	10,100	9,800
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500	400
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,700	10,800
Allowance for Credit Losses	(100)	(100)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,600	10,700
Related Debt	10,100	9,800
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and cash equivalents	500	400
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,300	10,300
Allowance for Credit Losses	(100)	(100)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	11,200	10,200
Related Debt	9,800	9,400
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	400	500
Allowance for Credit Losses	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	400	500
Related Debt	300	400
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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative [Line Items]
Debt Carrying Value Fair Value	$ 42,200,000,000		$ 42,200,000,000		$ 38,700,000,000
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(36,000,000)	$ (221,000,000)	(351,000,000)	$ (483,000,000)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	1,388,000,000		1,388,000,000		818,000,000
Fair Value of Derivative Liabilities	1,712,000,000		1,712,000,000		2,141,000,000
Derivative, Notional Amount	114,769,000,000		114,769,000,000		104,707,000,000
Derivative, Collateral, Obligation to Return Cash	35,000,000		35,000,000		40,000,000
Derivative, Collateral, Right to Reclaim Cash	145,000,000		145,000,000		126,000,000
Derivative Asset, Not Offset, Policy Election Deduction	843,000,000		843,000,000		516,000,000
Derivative Liability, Not Offset, Policy Election Deduction	843,000,000		843,000,000		516,000,000
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	(92,000,000)	(137,000,000)	(294,000,000)	(407,000,000)
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	585,000,000	(219,000,000)	316,000,000	(285,000,000)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(553,000,000)	210,000,000	(316,000,000)	223,000,000
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	15,029,000,000		15,029,000,000		12,119,000,000
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	(33,000,000)	(23,000,000)	(97,000,000)	(56,000,000)
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	266,000,000	(46,000,000)	155,000,000	(48,000,000)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(261,000,000)	44,000,000	(159,000,000)	47,000,000
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	3,802,000,000		3,802,000,000		2,078,000,000
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	329,000,000		329,000,000		106,000,000
Fair Value of Derivative Liabilities	382,000,000		382,000,000		633,000,000
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	212,000,000		212,000,000		69,000,000
Fair Value of Derivative Liabilities	76,000,000		76,000,000		104,000,000
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(153,000,000)	28,000,000	(102,000,000)	125,000,000
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	78,632,000,000		78,632,000,000		73,134,000,000
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	419,000,000		419,000,000		465,000,000
Fair Value of Derivative Liabilities	995,000,000		995,000,000		1,036,000,000
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | Level 2 [Member] | Fair Value, Recurring [Member] | Affiliated Entity
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	91,000,000		91,000,000
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(5,000,000)	59,000,000	132,000,000	30,000,000
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	11,658,000,000		11,658,000,000		10,276,000,000
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Affiliated Entity
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	5,700,000,000		5,700,000,000
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	174,000,000		174,000,000		59,000,000
Fair Value of Derivative Liabilities	127,000,000		127,000,000		116,000,000
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Level 2 [Member] | Fair Value, Recurring [Member] | Affiliated Entity
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Liabilities	91,000,000		91,000,000
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	210,000,000	$ (137,000,000)	14,000,000	$ (112,000,000)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	5,648,000,000		5,648,000,000		7,100,000,000
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	254,000,000		254,000,000		119,000,000
Fair Value of Derivative Liabilities	$ 132,000,000		$ 132,000,000		$ 252,000,000

Other Assets and Other Liabil_3

Other Assets and Other Liabilities and Deferred Income (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Other Assets and Other Liabilities [Abstract]
Accrued interest and other non-finance receivables	$ 735	$ 677
Property, Plant and Equipment, Net	306	270
Collateral held for resale, at net realizable value, and other inventory	511	426
Deferred charges - income taxes	189	190
Prepaid Reinsurance Premiums and Other Reinsurance Recoverables	861	818
Operating lease assets	40	53
Investment in non-consolidated affiliates	191	167
Other	341	202
Other assets	3,282	2,940
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	446	453
Unearned Premiums and Fees	976	930
Interest Payable	1,152	963
Taxes Payable	133	186
Employee-related Liabilities	93	96
Operating Lease, Liability	42	55
Other Liabilities	2,670	2,459
Related Party Transactions Income Taxes and Related Interest Payable	6	62
Other Liabilities, Miscellaneous	274	229
Restricted Cash	108	137
Property Subject to Operating Lease [Member]
Other Assets and Other Liabilities [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 3,786	$ 3,850

Debt (Details)

Debt (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total short-term debt	$ 17,315,000,000	$ 18,658,000,000
Unamortized discount	(19,000,000)	9,000,000
Unamortized debt issuance costs	(248,000,000)	(237,000,000)
Fair value adjustments	(637,000,000)	(1,258,000,000)
Total long-term debt	119,346,000,000	110,629,000,000
Total debt	$ 136,661,000,000	$ 129,287,000,000
Average Contractual (interest rate)	4.90%	4.80%
Average Effective (interest rate)	4.90%	4.80%
Debt Carrying Value Fair Value	$ 42,200,000,000	$ 38,700,000,000
Fair value of short-term debt	16,000,000,000	15,500,000,000
Discontinued Hedged Debt	(536,000,000)	(681,000,000)
Floating Rate Demand Notes [Member]
Debt Instrument [Line Items]
Total short-term debt	11,710,000,000	10,907,000,000
Other short-term debt [Member]
Debt Instrument [Line Items]
Total short-term debt	4,257,000,000	4,593,000,000
Asset-backed Securities [Member]
Debt Instrument [Line Items]
Total short-term debt	1,348,000,000	3,158,000,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes payable within one year	12,995,000,000	11,755,000,000
Notes payable after one year	52,256,000,000	45,435,000,000
Asset-backed Securities [Member]
Debt Instrument [Line Items]
Notes payable within one year	21,855,000,000	18,851,000,000
Notes payable after one year	$ 33,144,000,000	$ 36,074,000,000
Total short-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	5.10%	5.30%
Average Effective (interest rate)	5.10%	5.30%
Total long-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	4.90%	4.70%
Average Effective (interest rate)	4.90%	4.70%
Fair Value, Nonrecurring [Member] | Level 2 [Member]
Debt Instrument [Line Items]
Fair value of debt	$ 139,158,000,000	$ 130,533,000,000

Restructuring and Related Activ

Restructuring and Related Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Shareholder's Interest [Member]	$ 5,166		$ 5,166
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	$ (64)	$ 0	$ (65)	$ 0

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Gains/(Losses) on derivatives	$ 228	$ (98)	$ 140	$ 3
Currency revaluation gains/(losses)	(340)	156	(282)	24
Interest and investment income	150	135	414	378
Gains/(Losses) On Changes In Investments In Affiliates	64	0	65	0
Other	9	(6)	18	8
Other income, net	111	$ 187	355	$ 413
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	$ 64		$ 65

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 3,363	$ 2,828	$ 9,752	$ 8,139
Income before income taxes	544	358	1,213	1,042
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	600	576	1,823	1,690
Interest expense	1,878	1,653	5,623	4,575
Financing Receivable, Credit Loss, Expense (Reversal)	99	74	282	191
Provision for credit losses	99	74	282	191
Net finance receivables and net investment in operating leases	142,207	126,327	142,207	126,327
Total assets	157,056	143,551	157,056	143,551	$ 149,205
Reportable segments
Segment Reporting Information [Line Items]
Total revenue	3,363	2,828	9,752	8,139
Income before income taxes	631	356	1,382	1,140
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	600	576	1,823	1,690
Interest expense	1,830	1,604	5,381	4,457
Financing Receivable, Credit Loss, Expense (Reversal)	99	74	282	191
Net finance receivables and net investment in operating leases	142,207	126,327	142,207	126,327
Total assets	157,056	143,551	157,056	143,551
Reportable segments | All Other
Other disclosures [Abstract]
Net finance receivables and net investment in operating leases	4,446	5,112	4,446	5,112
Total assets	5,035	5,665	5,035	5,665
Reportable segments | United States and Canada
Other disclosures [Abstract]
Net finance receivables and net investment in operating leases	116,916	101,885	116,916	101,885
Total assets	127,289	114,585	127,289	114,585
Reportable segments | Europe
Other disclosures [Abstract]
Net finance receivables and net investment in operating leases	20,845	19,330	20,845	19,330
Total assets	24,732	23,301	24,732	23,301
Reportable segments | United States and Canada
Segment Reporting Information [Line Items]
Total revenue	2,877	2,366	8,278	6,841
Income before income taxes	461	257	1,022	801
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	591	568	1,800	1,676
Interest expense	1,551	1,354	4,530	3,807
Financing Receivable, Credit Loss, Expense (Reversal)	83	71	223	170
Reportable segments | Europe
Segment Reporting Information [Line Items]
Total revenue	375	346	1,127	974
Income before income taxes	149	78	309	269
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	9	8	23	14
Interest expense	216	185	653	477
Financing Receivable, Credit Loss, Expense (Reversal)	6	4	18	6
Reportable segments | All Other
Segment Reporting Information [Line Items]
Total revenue	111	116	347	324
Income before income taxes	21	21	51	70
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0	0
Interest expense	63	65	198	173
Financing Receivable, Credit Loss, Expense (Reversal)	10	(1)	41	15
Unallocated other
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Income before income taxes	(87)	2	(169)	(98)
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0	0
Interest expense	48	49	242	118
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	Sep. 30, 2024	Dec. 31, 2023
Financial Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 83	$ 90
Counter Guarantee [Member] | Ford Motor Company [Member]
Guarantor Obligations [Line Items]
Counter guarantee	$ 20	$ 48