Ford Motor Credit (FCZ) 10-K 5 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) shares
Entity Registrant Name	Ford Motor Credit Company LLC
Entity Central Index Key	0000038009
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding | shares	0
Entity Shell Company	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Public Float | $	$ 0
Membership Interests Description	All of the limited liability company interests in the registrant (“Shares”) are held by an affiliate of the registrant. None of the Shares are publicly traded.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	One American Road
Entity Address, City or Town	Dearborn,
Entity Address, State or Province	MI
Entity Tax Identification Number	38-1612444
Entity Address, Postal Zip Code	48126
Document Transition Report	false
Entity File Number	1-6368
City Area Code	(313)
Local Phone Number	322-3000
Entity Interactive Data Current	Yes
Entity Small Business	false
Document Quarterly Report	true
ICFR Auditor Attestation Flag	true
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Detroit, Michigan
Auditor Firm ID	238
Document Financial Statement Error Correction [Flag]	false
F/25i [Member]
Title of 12(b) Security	1.355% Notes due February 7, 2025*
Trading Symbol	F/25I
Security Exchange Name	NYSE
F/25K [Member]
Title of 12(b) Security	4.535% Notes due March 6, 2025*
Trading Symbol	F/25K
Security Exchange Name	NYSE
F/26N [Member]
Title of 12(b) Security	3.350% Notes due Nine Months or More from the Date of Issue due August 20, 2026
Trading Symbol	F/26N
Security Exchange Name	NYSE
F/26AB [Member]
Title of 12(b) Security	2.386% Notes due February 17, 2026*
Trading Symbol	F/26AB
Security Exchange Name	NYSE
F/28D
Title of 12(b) Security	5.625% Notes due Oct. 9, 2028*
Trading Symbol	F/28D
Security Exchange Name	NYSE
F/25L [Member]
Title of 12(b) Security	2.330% Notes due on November 25, 2025*
Trading Symbol	F/25L
Security Exchange Name	NYSE
F/26A
Title of 12(b) Security	6.860% Notes due June 5, 2026*
Trading Symbol	F/26A
Security Exchange Name	NYSE
F/28E
Title of 12(b) Security	4.165% Notes due November 21, 2028*
Trading Symbol	F/28E
Security Exchange Name	NYSE
F/30D
Title of 12(b) Security	4.445% Notes due February 14, 2030*
Trading Symbol	F/30D
Security Exchange Name	NYSE
F/30A
Title of 12(b) Security	5.780% Notes due April 30, 2030*
Trading Symbol	F/30A
Security Exchange Name	NYSE
F/28B
Title of 12(b) Security	6.125% Notes due May 15, 2028*
Trading Symbol	F/28B
Security Exchange Name	NYSE
F/29B
Title of 12(b) Security	5.125% Notes due February 20, 2029*
Trading Symbol	F/29B
Security Exchange Name	NYSE
F/27A
Title of 12(b) Security	4.867% Notes due August 3, 2027*
Trading Symbol	F/27A
Security Exchange Name	NYSE
F/25M [Member]
Title of 12(b) Security	3.250% Notes due September 15, 2025*
Trading Symbol	F/25M
Security Exchange Name	NYSE

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing revenue
Retail financing	$ 5,637	$ 4,236	$ 3,514
Dealer financing	2,922	2,403	1,079
Other	170	132	63
Total Financing Revenue	12,946	10,876	9,225
Depreciation on vehicles subject to operating leases	(2,482)	(2,309)	(2,240)
Interest expense	(7,583)	(6,311)	(3,334)
Net financing margin	2,881	2,256	3,651
Other revenue
Insurance premiums earned	171	119	75
Fee based revenue and other	136	124	116
Total financing margin and other revenue	3,188	2,499	3,842
Expenses
Operating expenses	1,395	1,360	1,329
Financing Receivable, Credit Loss, Expense (Reversal)	417	278	39
Insurance expenses	146	53	(4)
Total expenses	1,958	1,691	1,364
Other income, net	424	514	(41)
Income before income taxes	1,654	1,322	2,437
Provision for income taxes	398	(2)	448
Net income	1,256	1,324	1,989
Operating Lease, Lease Income	$ 4,217	$ 4,105	$ 4,569

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 1,256	$ 1,324	$ 1,989
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total	868	1,512	1,662
Parent [Member]
Foreign currency translation	(345)	188	(558)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	$ 43	$ 0	$ 231

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($)	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and Cash Equivalents, at Carrying Value	$ 9,272,000,000	$ 10,658,000,000
Marketable securities	706,000,000	789,000,000
Finance receivables, net	121,950,000,000	112,823,000,000
Net investment in operating leases	21,689,000,000	20,332,000,000
Derivative financial instruments	784,000,000	818,000,000
Other assets	3,055,000,000	2,940,000,000
Total assets	158,292,000,000	149,205,000,000
Liabilities
Customer deposits, dealer reserves, and other	961,000,000	899,000,000
Accounts Payable And Due To Affiliated Entities	1,684,000,000	1,592,000,000
Debt	137,868,000,000	129,287,000,000
Deferred income taxes	364,000,000	337,000,000
Derivative financial instruments	1,992,000,000	2,141,000,000
Other liabilities and deferred income	2,627,000,000	2,459,000,000
Total liabilities	144,535,000,000	135,816,000,000
Shareholder's interest
Shareholder’s interest	5,166,000,000	5,166,000,000
Accumulated other comprehensive income/(loss)	(1,217,000,000)	(829,000,000)
Retained earnings	9,808,000,000	9,052,000,000
Total shareholder’s interest	13,757,000,000	13,389,000,000
Total liabilities and shareholder's interest	158,292,000,000	149,205,000,000
Affiliated Entity [Member]
ASSETS
Accounts and Financing Receivable, after Allowance for Credit Loss	836,000,000	845,000,000
Liabilities
Accounts Payable	723,000,000	693,000,000
Retail Installment loans, dealer financing, and other financing [Member]
ASSETS
Finance receivables, net	114,069,000,000	105,476,000,000
Finance Lease [Member]
ASSETS
Finance receivables, net	7,881,000,000	7,347,000,000
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Cash and Cash Equivalents, at Carrying Value	2,494,000,000	2,298,000,000
Finance receivables, net	60,717,000,000	56,131,000,000
Net investment in operating leases	13,309,000,000	11,179,000,000
Derivative financial instruments	34,000,000	90,000,000
Liabilities
Debt	50,855,000,000	48,177,000,000
Derivative financial instruments	$ 100,000,000	$ 45,000,000

Consolidated Statement of Share

Consolidated Statement of Shareholder's Interest - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Total shareholder’s interest	$ 13,757	$ 13,389	$ 11,877	$ 12,398
Shareholder's Interest [Roll Forward]
Balance at beginning of period	13,389
Net income	1,256	1,324	1,989
Other comprehensive income/(loss), net of tax	(388)	188	(327)
Stockholders' Equity, Other			(83)
Balance at end of period	13,757	13,389
Shareholder's Interest [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	5,166	5,166	5,227
Other comprehensive income/(loss), net of tax	0	0	0
Distributions declared	0	0	0
Stockholders' Equity, Other			(61)
Balance at end of period	5,166	5,166	5,166
Accumulated Other Comprehensive Income/(Loss) (Note11) [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	(829)	(1,017)	(690)
Net income	0	0	0
Other comprehensive income/(loss), net of tax	(388)	188	(327)
Distributions declared	0	0	0
Stockholders' Equity, Other			0
Balance at end of period	(1,217)	(829)	(1,017)
Retained Earnings [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	9,052	7,728	7,839
Net income	1,256	1,324	1,989
Other comprehensive income/(loss), net of tax	0	0	0
Distributions declared	500	0	2,100
Stockholders' Equity, Other			0
Balance at end of period	9,808	9,052	7,728
Parent [Member]
Shareholder's Interest [Roll Forward]
Balance at beginning of period	13,389	11,877	12,376
Net income	0	0	0
Distributions declared	(500)	0	(2,100)
Stockholders' Equity, Other			(61)
Balance at end of period	13,757	13,389	11,877
Noncontrolling Interest [Member]
Shareholder's Interest [Roll Forward]
Net income	0	0	0
Other comprehensive income/(loss), net of tax	0	0	0
Distributions declared	0	0	0
Stockholders' Equity, Other			(22)
Stockholders' interest attributable to noncontrolling interest	$ 0	$ 0	$ 0	$ 22

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income	$ 1,256	$ 1,324	$ 1,989
Financing Receivable, Credit Loss, Expense (Reversal)	417	278	39
Adjustments to reconcile net income/(loss) to net cash provided by operations
Depreciation and amortization	3,112	2,900	2,872
Amortization of upfront interest supplements	(2,395)	(1,795)	(1,830)
Net change in deferred income taxes	276	(617)	324
Net change in other assets	(219)	(146)	(497)
Net change in other liabilities	327	343	360
All other operating activities	375	43	228
Net cash provided by/(used in) operating activities	3,149	2,330	3,485
Cash flows from investing activities
Purchases of finance receivables	(43,536)	(41,765)	(35,085)
Principal collections of finance receivables	38,370	36,343	36,907
Purchases of operating lease vehicles	(11,731)	(9,577)	(8,911)
Liquidations of operating lease vehicles	7,365	8,700	9,802
Net change in wholesale receivables and other	(4,577)	(4,794)	(10,872)
Purchases of marketable securities	(274)	(2,039)	(3,578)
Proceeds from sales and maturities of marketable securities	356	2,805	4,161
Settlements of derivatives	(443)	(145)	184
All other investing activities	(91)	(84)	(91)
Net Cash Provided by (Used in) Investing Activities, Total	(14,561)	(10,556)	(7,483)
Cash flows from financing activities
Proceeds from issuances of long-term debt	57,202	51,659	42,175
Principal payments on long-term debt	(45,528)	(41,753)	(41,758)
Change in short-term debt, net	(795)	(1,424)	5,375
Cash distributions to parent	(500)	0	(2,100)
All other financing activities	(135)	(139)	(78)
Net Cash Provided by (Used in) Financing Activities, Total	10,244	8,343	3,614
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(267)	158	(187)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	10,795	10,520	11,091
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(1,435)	275	(571)
Cash, cash equivalents, and restricted cash at end of period (Note 3)	$ 9,360	$ 10,795	$ 10,520

Consolidated Balance Sheet (par

Consolidated Balance Sheet (parenthetical) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ (864)	$ (882)	$ (845)

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Presentation	NOTE 1. 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”). We reclassified certain prior period amounts in our consolidated financial statements to conform to the current year presentation. Nature of Operations We offer a wide variety of automotive financing products to and through automotive dealers throughout the world. Our portfolio consists of finance receivables and net investment in operating leases. We also service the finance receivables and net investment in operating leases we originate and purchase, make loans to Ford affiliates, and provide insurance services related to our financing programs. See Notes 4, 5, and 11 for additional 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. See Note 14 for key operating data on our business segments and for geographic information on our regions. The predominant share of our business consists of financing Ford and Lincoln vehicles and supporting Ford and Lincoln dealers. Any extended reduction or suspension of Ford’s production or sale of vehicles due to a decline in consumer demand, work stoppage, governmental action, negative publicity or other event, or significant changes to marketing programs sponsored by Ford, would have an adverse effect on our business. Certain subsidiaries are subject to regulatory capital requirements that may limit the ability of those subsidiaries to pay dividends.

Accounting Policies

Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Accounting Policies	ACCOUNTING POLICIES For each accounting topic that is addressed in its own note, the description of the accounting policy may be found in the related note. Other significant remaining accounting policies are described below. Use of Estimates The preparation of financial statements requires us to make estimates and assumptions that affect our results. The accounting estimates that are most important to our business involve the allowance for credit losses related to finance receivables, and accumulated depreciation on vehicles subject to operating leases. Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ. Foreign Currency When an entity has monetary assets and liabilities denominated in a currency that is different from its functional currency, we remeasure those assets and liabilities from the transactional currency to the legal entity’s functional currency. The effect of this remeasurement process and the results of our related foreign currency hedging activities are reported in Other income/(loss), net . NOTE 2. ACCOUNTING POLICIES (Continued) Generally, our foreign subsidiaries use the local currency as their functional currency. We translate the assets and liabilities of our foreign subsidiaries from their respective functional currencies to U.S. dollars using end-of-period exchange rates. Changes in the carrying value of these assets and liabilities attributable to fluctuations in exchange rates are recognized in Foreign currency translation , a component of Other comprehensive income/(Ioss), net of tax . Upon sale or upon complete or substantially complete liquidation of an investment in a foreign subsidiary, the amount of accumulated foreign currency translation related to the entity is reclassified to income and recognized as part of the gain or loss on the investment. Fair Value Measurements Cash equivalents, marketable securities, and derivative financial instruments are remeasured and presented on our financial statements on a recurring basis at fair value, while other assets and liabilities are measured at fair value on a nonrecurring basis. In measuring fair value, we use various valuation methods and prioritize the use of observable inputs. The use of observable and unobservable inputs and their significance in measuring fair value are reflected in our fair value hierarchy. • Level 1 – inputs include quoted prices for identical instruments and are the most observable • Level 2 – inputs include quoted prices for similar instruments and observable inputs such as interest rates, currency exchange rates, and yield curves • Level 3 – inputs include data not observable in the market and reflect management judgment about the assumptions market participants would use in pricing the instruments Transfers into and transfers out of the hierarchy levels are recognized as if they had taken place at the end of the reporting period. Adoption of New Accounting Standards ASU 2023-07, Segment Reporting, Improvements to Reportable Segment Disclosures . We adopted the new standard and applied the amendments retrospectively to all prior periods presented in our consolidated financial statements. The standard requires disclosure of any significant segment expenses that are regularly provided to the chief operating decision maker (”CODM”) for each reportable segment. In addition, 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, beginning in 2025. Adoption of the new standard did not impact our consolidated balance sheets or income statements, or have a material impact on our financial statement disclosures. Refer to Note 14 for the incremental disclosures required under the standard. We also 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 January 1, 2024 Accounting Standards Issued But Not Yet Adopted 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. NOTE 2. ACCOUNTING POLICIES (Continued) ASU 2024-03, Disaggregation of Income Statement Expenses (“DISE”) . In November 2024, the FASB issued a new accounting standard to improve the disclosures about an entity’s expenses and address requests from investors for more detailed information about the types of expenses included in commonly presented expense captions. The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with retrospective application permitted. We are assessing the effect on our consolidated financial statement disclosures; however, adoption will not impact our consolidated balance sheets or income statements. 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.
Accounting Standards Update and Change in Accounting Principle	Accounting Standards Issued But Not Yet Adopted 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. NOTE 2. ACCOUNTING POLICIES (Continued) ASU 2024-03, Disaggregation of Income Statement Expenses (“DISE”) . In November 2024, the FASB issued a new accounting standard to improve the disclosures about an entity’s expenses and address requests from investors for more detailed information about the types of expenses included in commonly presented expense captions. The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with retrospective application permitted. We are assessing the effect on our consolidated financial statement disclosures; however, adoption will not impact our consolidated balance sheets or income statements.

Cash, Cash Equivalents, and Mar

Cash, Cash Equivalents, and Marketable Securities	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES	CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES Cash and Cash Equivalents. Included in Cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. A debt security is classified as a cash equivalent if it meets these criteria and if it has a remaining time to maturity of three months or less from the date of purchase. Amounts on deposit and available upon demand, or negotiated to provide for daily liquidity without penalty, are classified as Cash and cash equivalents . Time deposits, certificates of deposit, and money market accounts that meet the above criteria are reported at par value on our consolidated balance sheets. Marketable Securities. Investments in securities with a maturity date greater than three months at the date of purchase and other securities for which there is more than an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal are classified as Marketable securities . These investments are reported at fair value. We generally measure fair value using prices obtained from pricing services. Pricing methods and inputs to valuation models used by the pricing services depend on the security type (i.e., asset class). Where possible, fair values are generated using market inputs including quoted prices (the closing price in an exchange market), bid prices (the price at which a buyer stands ready to purchase), and other market information. For fixed income securities that are not actively traded, the pricing services use alternative methods to determine fair value for the securities, including quotes for similar fixed income securities, matrix pricing, discounted cash flow using benchmark curves, or other factors. In certain cases, when market data are not available, we may use broker quotes to determine fair value. An annual review is performed on the security prices received from our pricing services, which includes discussion and analysis of the inputs used by the pricing services to value our securities. We also compare the price of certain securities sold close to the quarter end to the price of the same security at the balance sheet date to ensure the reported fair value is reasonable. Realized and unrealized gains and losses and interest income on our marketable securities are recorded in Other income/(loss), net . Realized gains and losses are measured using the specific identification method. NOTE 3. CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES (Continued) The following table categorizes the fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis on our balance sheets at December 31 (in millions): Fair Value Level 2023 2024 Cash and cash equivalents United States government 1 $ 912 $ 854 United States government agencies 2 625 400 Non-United States government and agencies 2 276 370 Corporate debt 2 101 339 Total marketable securities classified as cash equivalents 1,914 1,963 Cash, time deposits and money market funds 8,744 7,309 Total cash and cash equivalents $ 10,658 $ 9,272 Marketable securities United States government 1 $ 207 $ 185 United States government agencies 2 49 — Non-United States government and agencies 2 109 79 Corporate debt 2 268 252 Other marketable securities 2 156 190 Total marketable securities $ 789 $ 706 Cash, Cash Equivalents, and Restricted Cash Cash, cash equivalents, and restricted cash as reported in our consolidated statements of cash flows are presented separately on our consolidated balance sheets as follows (in millions): December 31, 2023 December 31, 2024 Cash and cash equivalents $ 10,658 $ 9,272 Restricted cash (a) 137 88 Total cash, cash equivalents, and restricted cash $ 10,795 $ 9,360 __________ (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.

Net Investments in Operating Le

Net Investments in Operating Leases	12 Months Ended
	Dec. 31, 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. Payment extensions may be requested by the customer and are generally limited to a maximum of six months over the term of the lease. Term extensions may also be requested by the customer. Term and payment extensions in total generally do not exceed twelve months. A lease can be terminated at any time by satisfying the obligations under the lease agreement. Early termination programs may be occasionally offered to eligible lessees. At the end of the lease, the customer returns the vehicle to the dealer or may have the option to buy the leased vehicle. In the case of a contract default and repossession, the customer typically remains liable for any deficiency between net auction proceeds and the defaulted contract obligations, including any repossession-related expenses. 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. Revenue from rental payments received on operating leases is recognized on a straight-line basis over the term of the lease. The accrual of revenue on operating leases is discontinued at the time an account is determined to be uncollectible. We receive interest supplements and residual support payments on certain leasing transactions under agreements with Ford. We recognize these upfront collections from Ford and other vehicle acquisition costs as part of Net investment in operating leases , which are amortized to Depreciation on vehicles subject to operating leases over the term of the lease contract. Unearned interest supplements and residual support included in Net investment in operating leases at December 31, 2023 and 2024 was $1.3 billion and $1.9 billion, respectively. Earned interest supplements and residual support costs included in Depreciation on vehicles subject to operating leases for the years ended December 31, 2022, 2023, and 2024 was $1.2 billion, $0.9 billion, and $1.0 billion, respectively. Interest supplements and residual support cash received totaled $0.7 billion, $1.1 billion, and $1.6 billion for the years ended December 31, 2022, 2023, and 2024, respectively. Interest supplements due from Ford included in Notes and accounts receivable from affiliated companies totaled $46 million, $110 million, and $152 million for the years ended December 31, 2022, 2023, and 2024, respectively, and is a non-cash investing transaction in our consolidated statement of cash flows. At the time of purchase, we establish the expected residual value for each vehicle, considering recent auction values, return volumes for our leased vehicles, industrywide used vehicle prices, marketing incentive plans, and vehicle quality data, and benchmark to third-party data depending on availability. Depreciation expense for vehicles under operating leases is then recognized on a straight-line basis, with the associated accumulated depreciation reducing the vehicle's value to its estimated residual value by the end of the scheduled lease term. Our depreciation for leased vehicles is evaluated regularly, using third-party data, and considering factors such as projected residual values at lease termination (including residual value support payments from Ford), the estimated number of vehicles that will be returned to us, and historical early termination rates due to customer defaults. Depreciation expense adjustments, reflecting revised residual value estimates, are applied prospectively on a straight-line basis. We monitor residual values monthly and review accumulated depreciation accuracy quarterly. Our policy is to promptly sell off-lease vehicles. When a vehicle is sold, the difference between net book value and proceeds, plus any lease termination fees (for example, variable lease payments such as excess wear and tear or mileage charges), are recorded as adjustments to Depreciation on vehicles subject to operating leases . We evaluate the carrying value of held-and-used long-lived asset groups (such as vehicles subject to operating leases) for potential impairment when we determine a triggering event has occurred. When a triggering event occurs, a test for recoverability is performed by comparing projected undiscounted future cash flows to the carrying value of the asset group. If the test for recoverability identifies a possible impairment, the asset group’s fair value is measured in accordance with the fair value measurement framework. An impairment charge is recognized for the amount by which the carrying value of the asset group exceeds its estimated fair value. For the periods presented, we have not recorded any impairment charges. NOTE 5. NET INVESTMENT IN OPERATING LEASES (Continued) Net investment in operating leases at December 31 was as follows (in millions): 2023 2024 Vehicles, at cost (a) $ 24,182 $ 25,424 Accumulated depreciation (3,850) (3,735) Net investment in operating leases $ 20,332 $ 21,689 __________ (a) Includes vehicle acquisition costs less interest supplements and residual support payments we receive on certain leasing transactions under agreements with Ford and affiliated companies, and deferral method investment tax credits. The amounts contractually due on our operating leases at December 31, 2024 were as follows (in millions): 2025 2026 2027 2028 2029 Total Operating lease payments $ 3,774 $ 2,594 $ 1,181 $ 243 $ 14 $ 7,806 Operating leases are generally pre-payable without penalty which may result in actual amounts paid to differ from amounts contractually due. We have a sale-leaseback agreement with Ford primarily for vehicles that Ford leases to employees of Ford and its subsidiaries. The financing we provide under this agreement is reflected on our balance sheets in Total finance receivables, net . The revenue related to these agreements is reflected in Other financing.

Finance Receivables and Allowan

Finance Receivables and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 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. Consumer Portfolio . Receivables in this portfolio include products offered to individuals and businesses that finance the acquisition of Ford and Lincoln vehicles from dealers for personal or commercial use. Retail financing includes retail installment contracts for new and used vehicles and finance leases with retail customers, government entities, daily rental companies, and fleet customers. Non-Consumer Portfolio. Receivables in this portfolio include products offered to automotive dealers and receivables purchased from Ford and its affiliates. The products include: • Dealer financing – includes wholesale loans to dealers to finance the purchase of vehicle inventory, also known as floorplan financing, as well as loans to dealers to finance working capital and improvements to dealership facilities, finance the purchase of dealership real estate, and finance other dealer programs. Wholesale financing is approximately 97% of our dealer financing. • Other financing – includes purchased receivables from Ford and its affiliates, primarily related to the sale of parts and accessories to dealers and certain used vehicles from daily rental fleet companies. In addition, we provide financing to Ford for vehicles that Ford leases to its employees. These receivables are excluded from our credit quality reporting since the performance of this group of receivables is generally guaranteed by Ford. 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. Revenue from finance receivables is recognized using the interest method and includes the accretion of certain direct origination costs that are deferred and interest supplements received from Ford and affiliated companies. The unearned interest supplements on finance receivables are included in Total finance receivables, net on the balance sheets, and the earned interest supplements are included in Total financing revenue on the income statements. We measure finance receivables at fair value using internal valuation models. These models project future cash flows of financing contracts based on scheduled contract payments (including principal and interest) and assumptions regarding expected credit losses and pre-payment speed. The projected cash flows are discounted to present value at current rates that incorporate present yield curve and credit spread assumptions. The fair value of finance receivables is categorized within Level 3 of the hierarchy. On a nonrecurring basis, we also measure at fair value retail contracts 120 days past due or deemed to be uncollectible, and individual dealer loans probable of foreclosure. We use the fair value of collateral, adjusted for estimated costs to sell, to determine the fair value of these receivables. The collateral for a retail financing or wholesale receivable is the vehicle financed, and for dealer loans is real estate or other property. The fair value of collateral for retail financing receivables is calculated as the outstanding receivable balances multiplied by the average recovery value percentage. The fair value of collateral for wholesale receivables is based on the wholesale market value or liquidation value for new and used vehicles. The fair value of collateral for dealer loans is determined by reviewing various appraisals, which include total adjusted appraised value of land and improvements, alternate use appraised value, broker’s opinion of value, and purchase offers. Notes and accounts receivable from affiliated companies are presented separately on the balance sheets. These receivables are based on intercompany relationships and the balances are settled regularly. We do not assess these receivables for potential credit losses, nor are they subjected to aging analysis, credit quality reviews, or other formal assessments. As a result, Notes and accounts receivable from affiliated companies are not subject to the following disclosures contained herein. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued) Finance Receivables Classification Finance receivables are accounted for as held for investment (“HFI”) if we have the intent and ability to hold the receivables for the foreseeable future or until maturity or payoff. The determination of intent and ability to hold for the foreseeable future is highly judgmental and requires us to make good faith estimates based on all information available at the time of origination or purchase. If we do not have the intent and ability to hold the receivables, then the receivables are classified as held for sale (“HFS”). Each quarter, we make a determination of whether it is probable that finance receivables originated or purchased during the quarter will be held for the foreseeable future based on historical receivables sale experience, internal forecasts and budgets, as well as other relevant, reliable information available through the date of evaluation. For purposes of this determination, probable means at least 70% likely and, consistent with our budgeting and forecasting period, we define foreseeable future to mean twelve months. We classify receivables as HFI or HFS on a receivable-by-receivable basis. Specific receivables included in off-balance sheet sale transactions are generally not identified until the month in which the sale occurs. Held-for-Investment. Finance receivables classified as HFI 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. Cash flows from finance receivables that were originally classified as HFI are recorded as an investing activity since GAAP requires the statement of cash flows presentation to be based on the original classification of the receivables. Held-for-Sale. Finance receivables classified as HFS are carried at the lower of cost or fair value. Cash flows resulting from the origination or purchase and sale of HFS receivables are recorded as an operating activity. Once a decision has been made to sell receivables that were originally classified as HFI, the receivables are reclassified as HFS and carried at the lower of cost or fair value. The valuation adjustment, if applicable, is recorded in Other income/(loss), net to recognize the receivables at the lower of cost or fair value. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued) Finance Receivables, Net Total finance receivables, net at December 31 were as follows (in millions): 2023 2024 Consumer Retail installment contracts, gross $ 73,943 $ 79,573 Finance leases, gross 7,793 8,357 Retail financing, gross 81,736 87,930 Unearned interest supplements from Ford and affiliated companies (3,344) (4,598) Consumer finance receivables 78,392 83,332 Non-Consumer Dealer financing (a) 33,377 37,384 Other financing (b) 1,936 2,098 Non-Consumer finance receivables 35,313 39,482 Total recorded investment (c) $ 113,705 $ 122,814 Recorded investment in finance receivables $ 113,705 $ 122,814 Allowance for credit losses (882) (864) Total finance receivables, net $ 112,823 $ 121,950 Net finance receivables subject to fair value (d) $ 105,476 $ 114,069 Fair value 103,937 113,545 __________ (a) Includes $7.9 billion and $7.1 billion at December 31, 2023 and 2024, respectively, of receivables generated by divisions and affiliates of Ford in connection with vehicle inventories released from Ford and in transit to the destination dealers. Interest earned from Ford and affiliated companies associated with receivables from gate-released vehicles in transit to dealers for the years ended December 31, 2022, 2023, and 2024 was $333 million, $640 million, and $716 million, respectively. Balances at December 31, 2023 and 2024, also include $792 million and $988 million, respectively, of dealer financing receivables with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. For the years ended December 31, 2022, 2023, and 2024, the interest earned on receivables from consolidated subsidiaries of Ford to which we provide dealer financing was $6 million, $19 million, and $16 million, respectively. (b) Primarily represents other financing receivables with Ford, which includes amounts associated with purchased receivables and receivables associated with the financing of vehicles that Ford leases to employees. (c) Earned interest supplements on consumer and non-consumer receivables from Ford and affiliated companies totaled $2.1 billion, $2.3 billion, and $2.9 billion for the years ended December 31, 2022, 2023, and 2024, respectively. Cash received from interest supplements totaled $1.4 billion, $3.0 billion, and $4.3 billion for the years ended December 31, 2022, 2023, and 2024, respectively. Interest supplements due from Ford included in Notes and accounts receivable from affiliated companies totaled $130 million, $318 million, and $269 million for the years ended December 31, 2022, 2023, and 2024, respectively, and is a non-cash investing transaction in our consolidated statement of cash flows. (d) Net finance receivables subject to fair value exclude finance leases. At December 31, 2023 and 2024, accrued interest was $295 million and $336 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) Finance Leases Finance leases are comprised of sales-type and direct financing leases. These financings include primarily lease plans for terms of 24 to 60 months. In limited cases, a customer may extend the lease term. Early terminations of leases may also occur at the customer’s request subject to approval. We offer financing products in which the customer may be required to pay any shortfall, or may receive as payment any excess amount between the fair market value and the contractual vehicle value at the end of the term, which are classified as finance leases. In some markets, we finance a vehicle with a series of monthly payments followed by a single balloon payment or the option for the customer to return the vehicle to Ford Credit; these arrangements containing a purchase option are classified as finance leases. The amounts contractually due on finance leases at December 31, 2024 were as follows (in millions): Finance Lease Receivables 2025 2026 2027 2028 2029 Thereafter Total Contractual maturity $ 1,848 $ 1,658 $ 1,345 $ 868 $ 122 $ 4 $ 5,845 Less: Present value discount 478 Total finance lease receivables $ 5,367 The reconciliation from finance lease receivables to finance leases, gross and finance leases, net at December 31 is as follows (in millions): 2023 2024 Finance lease receivables $ 4,787 $ 5,367 Unguaranteed residual assets 2,910 2,883 Initial direct costs 96 107 Finance leases, gross 7,793 8,357 Unearned interest supplements from Ford and affiliated companies (408) (437) Allowance for credit losses (38) (39) Finance leases, net $ 7,347 $ 7,881 Financing revenue from finance leases was $303 million, $381 million, and $515 million for the years ended December 31, 2022, 2023, and 2024, respectively, and is included in Retail financing on our consolidated income statements. Credit Quality Consumer Portfolio. When originating consumer receivables, we use a proprietary scoring system that measures credit quality using information in the credit application, proposed contract terms, credit bureau data, and other information. After a proprietary risk score is generated, we decide whether to purchase a contract using a decision process based on a judgmental evaluation of the applicant, the credit application, the proposed contract terms, credit bureau information (e.g., FICO score), proprietary risk score, and other information. Our evaluation emphasizes the applicant’s ability to pay and creditworthiness focusing on payment, affordability, applicant credit history, and stability as key considerations. After origination, we review the credit quality of retail financing based on customer payment activity. As each customer develops a payment history, we use an internally developed behavioral scoring model to assist in determining the best collection strategies, which allows us to focus collection activity on higher-risk accounts. These models are used to refine our risk-based staffing model to ensure collection resources are aligned with portfolio risk. Based on data from this scoring model, contracts are categorized by collection risk. Our collection models evaluate several factors, including origination characteristics, updated credit bureau data, and payment patterns. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued) Credit quality ratings for consumer receivables are based on our aging. 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 December 31, 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 $ 43 $ 93 $ 104 $ 187 $ 242 $ 203 $ 872 1.0 % 61-120 days past due 8 20 27 46 70 54 225 0.3 Greater than 120 days past due 7 7 8 11 12 5 50 0.1 Total past due 58 120 139 244 324 262 1,147 1.4 Current 788 3,162 5,465 12,298 24,189 36,283 82,185 98.6 Total $ 846 $ 3,282 $ 5,604 $ 12,542 $ 24,513 $ 36,545 $ 83,332 100.0 % Gross charge-offs $ 46 $ 58 $ 71 $ 152 $ 191 $ 50 $ 568 Non-Consumer Portfolio. We extend credit to dealers primarily in the form of lines of credit to purchase new Ford and Lincoln vehicles as well as used vehicles. Payment is typically required when the dealer has sold the vehicle. Each non-consumer lending request is evaluated by considering the borrower’s financial condition and the underlying collateral securing the loan. We use a proprietary model to assign each dealer a risk rating. This model uses historical dealer performance data to identify key factors about a dealer that we consider most significant in predicting a dealer’s ability to meet its financial obligations. We also consider numerous other financial and qualitative factors of the dealer’s operations, including capitalization and leverage, liquidity and cash flow, profitability, and credit history with ourselves and other creditors. 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. We generally suspend credit lines and extend no further funding to dealers classified in Group IV. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued) We regularly review our model to confirm the continued business significance and statistical predictability of the model and may make updates to improve the performance of the model. In addition, we regularly audit dealer inventory and dealer sales records to verify that the dealer is in possession of the financed vehicles and is promptly paying each receivable following the sale of the financed vehicle. The frequency of on-site vehicle inventory audits depends primarily on the dealer’s risk rating. Under our policies, on-site vehicle inventory audits of low-risk dealers are conducted only as circumstances warrant. On-site vehicle inventory audits of higher-risk dealers are conducted with increased frequency based primarily on the dealer’s risk rating, but also considering the results of our electronic monitoring of the dealer’s performance, including daily payment verifications and monthly analyses of the dealer’s financial statements, payoffs, aged inventory, over credit line, and delinquency reports. We typically perform a credit review of each dealer annually and more frequently review certain dealers based on the dealer’s risk rating and total exposure. We adjust the dealer’s risk rating, if necessary. The credit quality of dealer financing receivables is evaluated based on our internal dealer risk rating analysis. A dealer has the same risk rating for its entire dealer financing regardless of the type of financing. The credit quality analysis of 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 December 31, 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 $ 270 $ 63 $ 97 $ 47 $ 231 $ 245 $ 953 $ 33,345 $ 34,298 91.7 % Group II 13 — 3 1 28 31 76 2,494 2,570 6.9 Group III — — 2 — 1 4 7 462 469 1.3 Group IV — — — — — 1 1 46 47 0.1 Total (a) $ 283 $ 63 $ 102 $ 48 $ 260 $ 281 $ 1,037 $ 36,347 $ 37,384 100.0 % Gross charge-offs $ 1 $ — $ — $ — $ — $ — $ 1 $ 6 $ 7 __________ (a) Total past due dealer financing receivables at December 31, 2024 were $8 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 December 31, 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 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. Consumer Portfolio For consumer receivables that share similar risk characteristics such as product type, initial credit risk, term, vintage, geography, and other relevant factors, we estimate the lifetime expected credit loss allowance based on a collective assessment using measurement models and management judgment. The lifetime expected credit losses for the receivables is determined by applying probability of default and loss given default assumptions to monthly expected exposures, then discounting these cash flows to present value using the receivable’s original effective interest rate or the current effective interest rate for a variable rate receivable. Probability of default models are developed from internal risk scoring models taking into account the expected probability of payment and time to default, adjusted for macroeconomic outlook and recent performance. The models consider factors such as risk evaluation at the time of origination, historical trends in credit losses, and the composition and recent performance of the present portfolio (including vehicle brand, term, risk evaluation, and new/used vehicles). The loss given default is the percentage of the expected balance due at default that is not recoverable, taking into account the expected collateral value and trends in recoveries (including key metrics such as delinquencies, repossessions, and bankruptcies). Monthly exposures are equal to the receivables’ expected outstanding principal and interest balance. The allowance for credit losses incorporates forward-looking macroeconomic conditions for baseline, upturn, and downturn scenarios. Three separate credit loss allowances are calculated from these scenarios. They are then probability-weighted to determine the quantitative estimate of the credit loss allowance recognized in the financial statements. We use forecasts from a third party that revert to a long-term historical average after a reasonable and supportable forecasting period, which is specific to the particular macroeconomic variable and which varies by market. We update the forward-looking macroeconomic forecasts quarterly. NOTE 4. FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued) If management does not believe the models reflect lifetime expected credit losses for the portfolio, an adjustment is made to reflect management judgment regarding qualitative factors, including economic uncertainty, observable changes in portfolio performance, and other relevant factors. On an ongoing basis, we review our models, including macroeconomic factors, the selection of macroeconomic scenarios, and their weighting, to ensure they reflect the risk of the portfolio. Non-Consumer Portfolio Dealer financing is evaluated on an individual dealer basis by segmenting dealers by risk characteristics (such as the amount of the loans, the nature of the collateral, and the financial status of the dealer) to determine if an individual dealer requires a specific allowance for credit loss. If required, the allowance is based on the present value of the expected future cash flows of the dealer’s receivables discounted at the loans’ original effective interest rate or the fair value of the collateral adjusted for estimated costs to sell. For the remaining dealer financing, we estimate an allowance for credit losses on a collective basis. Wholesale Loans . We estimate the allowance for credit losses for wholesale loans based on historical LTR ratios, expected future cash flows, and the fair value of collateral. The LTR model is based on the most recent years of history. An LTR ratio is calculated by dividing credit losses (i.e., charge-offs net of recoveries) by average net finance receivables, excluding allowance for credit losses. The average LTR ratio is multiplied by the end-of-period balances, representing the lifetime expected credit loss reserve. Dealer Loans . We use a weighted-average remaining maturity method to estimate the lifetime expected credit loss reserve for dealer loans. The loss model is based on the industrywide commercial real estate credit losses, adjusted to factor in the historical credit losses for our dealer loans portfolio. The expected credit loss is calculated under different macroeconomic scenarios that are weighted to provide the total lifetime expected credit loss. After establishing the collective and specific allowance for credit losses, if management believes the allowance does not reflect all losses inherent in the portfolio due to changes in recent economic trends and conditions, or other relevant forward-looking economic factors, an adjustment is made based on management judgment. An analysis of the allowance for credit losses related to finance receivables for the years ended December 31 was as follows (in millions): 2023 2024 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 838 $ 7 $ 845 $ 879 $ 3 $ 882 Charge-offs (401) (4) (405) (568) (7) (575) Recoveries 151 2 153 160 3 163 Provision for credit losses 280 (2) 278 412 5 417 Other (a) 11 — 11 (23) — (23) Ending balance $ 879 $ 3 $ 882 $ 860 $ 4 $ 864 _________ (a) Primarily represents amounts related to foreign currency translation adjustments.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 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: • Interest rate contracts, including swaps, that are used to manage the effects of interest rate fluctuations; • Foreign currency exchange contracts, including forwards, that are used to manage foreign exchange exposure; and • Cross-currency interest rate swap contracts that are used to manage foreign currency and interest rate exposures on foreign-denominated debt. We review our hedging program, derivative positions, and overall risk management strategy on a regular basis. Derivative Financial Instruments and Hedge Accounting. Derivative assets and derivative liabilities are reported in Derivative financial instruments on our balance sheets. Our derivatives are over-the-counter customized derivative transactions and are not exchange traded. We estimate the fair value of these instruments using industry-standard valuation models such as a discounted cash flow. These models project future cash flows and discount the future amounts to a present value using market-based expectations for interest rates, foreign exchange rates, and the contractual terms of the derivative instruments. The discount rate used is the relevant benchmark interest rate (e.g., SOFR, SONIA) plus an adjustment for nonperformance risk. The adjustment reflects the full credit default swap (“CDS”) spread applied to a net exposure, by counterparty, considering the master netting agreements and any posted collateral. We use our counterparty’s CDS spread when we are in a net asset position and our own CDS spread when we are in a net liability position. 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. NOTE 7. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) Fair Value Hedges . We use derivatives to reduce the risk of changes in the fair value of debt. We have designated certain receive-fixed, pay-float interest rate and cross-currency interest rate swaps as fair value hedges of fixed-rate debt. The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate and foreign exchange. We report the change in fair value of the hedged debt related to the change in benchmark interest rate in Debt and Interest expense . We report the change in fair value of the hedged debt related to foreign currency in Debt and Other income/(loss), net . Net interest settlements and accruals, and fair value changes on hedging instruments due to the benchmark interest rate change are reported in Interest expense . Fair value changes on the hedging instrument due to foreign currency are reported in Other Income/(loss), net . The cash flows associated with fair value hedges are reported in Net cash provided by/(used in) operating activities on our statements of cash flows. When a fair value hedge is de-designated, or when the derivative is terminated before maturity, the fair value adjustment to the hedged debt continues to be reported as part of the carrying value of the debt and is recognized in Interest expense over its remaining life. Derivatives Not Designated as Hedging Instruments. We report net interest settlements and accruals and changes in the fair value of interest rate swaps not designated as hedging instruments in Other income/(loss), net . Foreign currency revaluation on accrued interest along with gains and losses on foreign exchange contracts and cross-currency interest rate swaps are reported in Other income/(loss), net. Cash flows associated with non-designated or de-designated derivatives are reported in Net cash provided by/(used in) investing activities on our statements of cash flows. Income Effect of Derivative Financial Instruments The gains/(losses), by hedge designation, reported in income for the years ended December 31 were as follows (in millions): 2022 2023 2024 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ (45) $ (507) $ (361) Fair value changes on hedging instruments (1,875) 196 (220) Fair value changes on hedged debt 1,893 (260) 182 Cross-currency interest rate swap contracts Net interest settlements and accruals on hedging instruments (27) (79) (133) Fair value changes on hedging instruments (111) 96 (134) Fair value changes on hedged debt 113 (96) 108 Derivatives not designated as hedging instruments Interest rate contracts 390 37 (85) Foreign currency exchange contracts (a) 50 (35) 268 Cross-currency interest rate swap contracts (780) 127 (272) Total $ (392) $ (521) $ (647) __________ (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 at December 31 were as follows (in millions): 2023 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 $ 16,194 $ 66 $ 645 Cross-currency interest rate swaps 2,078 69 104 3,802 9 139 Derivatives not designated as hedging instruments Interest rate contracts 73,134 465 1,036 76,977 305 845 Foreign currency exchange contracts (a) 10,276 59 116 9,716 271 117 Cross-currency interest rate swap contracts 7,100 119 252 5,455 133 246 Total derivative financial instruments, gross (b) (c) $ 104,707 $ 818 $ 2,141 $ 112,144 $ 784 $ 1,992 __________ (a) Includes forward contracts between us and an affiliated company, including offsetting forward contracts with our consolidated entities, totaling $5.9 billion and $5.3 billion in notional amounts and $46 million and $115 million in both assets and liabilities at December 31, 2023 and 2024, respectively. (b) At December 31, 2023 and 2024, we held collateral of $40 million and $27 million, and we posted collateral of $126 million and $127 million, respectively. (c)

Other Assets and Other Liabilit

Other Assets and Other Liabilities and Deferred Income	12 Months Ended
	Dec. 31, 2024
Other Assets and Other Liabilities and Deferred Income [Abstract]
OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED INCOME	OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED REVENUE Other assets and Other liabilities and deferred revenue consist of various balance sheet items that are combined for financial statement presentation due to their respective materiality compared with other individual asset and liability items. Other assets at December 31 were as follows (in millions): 2023 2024 Prepaid reinsurance premiums and other reinsurance recoverables $ 818 $ 876 Accrued interest and other non-finance receivables 677 666 Collateral held for resale, at net realizable value 426 392 Property and equipment, net of accumulated depreciation (a) 270 283 Investment in non-consolidated affiliates 167 182 Deferred tax assets 190 178 Restricted cash 137 88 Operating lease assets 53 40 Other 202 350 Total other assets $ 2,940 $ 3,055 __________ (a) Accumulated depreciation was $453 million and $448 million at December 31, 2023 and 2024, respectively. Other liabilities and deferred revenue at December 31 were as follows (in millions): 2023 2024 Interest payable $ 963 $ 1,098 Unearned insurance premiums and fees 930 995 Income tax and related interest (a) 186 131 Payroll and employee benefits 96 86 Operating lease liabilities 55 42 Other 229 275 Total other liabilities and deferred revenue $ 2,459 $ 2,627 __________ (a) Includes tax and interest payable to affiliated companies of $62 million and $9 million at December 31, 2023 and 2024, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Ford Motor Credit Company LLC and certain of its subsidiaries are disregarded entities for United States income tax purposes. Ford’s consolidated United States federal and state income tax returns include certain of our domestic subsidiaries. Our provision for income taxes includes only income tax liabilities for Ford Credit entities recognized as taxable within a jurisdiction. Certain United States minimum taxes, such as the corporate alternative minimum tax and the tax on global intangible low-taxed income, are generally allocated to us on a separate return basis calculated as if we were a taxable entity. The net minimum tax liability allocated to us will not exceed the net liability as determined on a consolidated basis. We account for United States tax on global intangible low-taxed income in the period incurred, and we account for investment tax credits using the deferral method. We recognize income tax-related penalties in Provision for/(Benefit from) income taxes on our consolidated income statements. We recognize income tax-related interest income and interest expense in Other income/(loss), net on our consolidated income statements. Valuation of Deferred Tax Assets and Liabilities Deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences that exist between the financial statement carrying value of assets and liabilities and their respective tax bases, and net operating loss carryforwards and tax credit carryforwards on a taxing jurisdiction basis. We measure deferred tax assets and liabilities using enacted tax rates that will apply in the years in which we expect the temporary differences to be recovered or paid. Our accounting for deferred tax consequences represents our best estimate of the likely future tax consequences of events that have been recognized in our financial statements or tax returns and their future probability. In assessing the need for a valuation allowance, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets. If, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be realized, we record a valuation allowance. NOTE 10. INCOME TAXES (Continued) Components of Income Taxes Components of income taxes for the years ended December 31 were as follows: 2022 2023 2024 Income before income taxes (in millions) United States $ 1,532 $ 797 $ 773 Non-United States 905 525 881 Total $ 2,437 $ 1,322 $ 1,654 Provision for/(Benefit from) income taxes (in millions) Current Federal $ 81 $ 190 $ (43) Non-United States 31 361 156 State and local 12 10 9 Total current 124 561 122 Deferred Federal (17) 65 239 Non-United States (a) 341 (627) 37 State and local — (1) — Total deferred 324 (563) 276 Total $ 448 $ (2) $ 398 Reconciliation of effective tax rate United States statutory tax rate 21.0 % 21.0 % 21.0 % United States disregarded entities (8.9) 4.8 0.5 Non-United States tax rate differential 0.7 (0.9) 0.2 State and local income taxes 0.4 0.5 0.4 Nontaxable foreign currency gains and losses 4.5 (1.5) (0.7) Dispositions and restructurings (a) — (25.9) — United States tax on non-United States earnings — — 3.6 Prior year settlements and claims 0.8 (0.8) — Other (0.1) 2.6 (0.9) Effective tax rate 18.4 % (0.2) % 24.1 % __________ (a) 2023 includes a benefit of $343 million associated with legal entity restructuring within our leasing operations. At December 31, 2024, $4.8 billion of non-United States earnings are considered indefinitely reinvested in operations outside the United States, for which deferred taxes have not been provided. Quantification of the deferred tax liability, if any, associated with indefinitely reinvested basis differences is not practicable. NOTE 10. INCOME TAXES ( Continued ) Components of Deferred Tax Assets and Liabilities The components of deferred tax assets and liabilities at December 31 were as follows (in millions): 2023 2024 Deferred tax assets Net operating loss carryforwards $ 490 $ 611 Tax credit carryforwards — 119 Provision for credit losses 139 99 Other foreign 73 111 Employee benefit plans 14 12 Other 54 56 Total gross deferred tax assets 770 1,008 Less: Valuation allowances (42) (45) Total net deferred tax assets 728 963 Deferred tax liabilities Leasing transactions 359 692 Other foreign 510 431 Other 6 26 Total deferred tax liabilities 875 1,149 Net deferred tax liability $ 147 $ 186 Net operating loss carryforwards for tax purposes were $2.2 billion at December 31, 2024, resulting in a deferred tax asset of $611 million. A substantial portion of these losses will begin to expire beyond 2030. Tax credit carryforwards available to offset future tax liabilities are $119 million. These credits have a remaining carryforward period of twenty years. Tax benefits from net operating loss carryforwards and tax credit carryforwards are evaluated on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and available tax planning strategies. Other A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 was as follows (in millions): 2023 2024 Beginning balance $ 58 $ 69 Increase - tax positions in prior periods 24 14 Decrease - tax positions in prior periods (15) — Settlements (2) (7) Lapse of statute of limitations (1) (1) Foreign currency translation adjustments 5 (10) Ending balance $ 69 $ 65 The amount of unrecognized tax benefits that would affect the effective tax rate if recognized was $69 million and $65 million as of December 31, 2023 and 2024, respectively. Examinations by tax authorities have been completed through 2008 in Germany, 2014 in the United States, and 2018 in Canada and the United Kingdom. We have settled our United States federal income tax matters related to tax years prior to 2015 in accordance with our intercompany tax sharing agreement. NOTE 10. INCOME TAXES ( Continued ) Net tax-related interest expense on income taxes was $1 million, $12 million, and $3 million for the years ended December 31, 2022, 2023, and 2024, respectively. These were reported in Other income/(loss), net on our consolidated income statements. At December 31, 2023 and 2024, we reported a net tax-related interest payable of $24 million and $23 million, respectively. Cash paid for income taxes was $416 million, $248 million, and $166 million in 2022, 2023, and 2024, respectively.

Insurance

Insurance	12 Months Ended
	Dec. 31, 2024
Insurance [Abstract]
INSURANCE	INSURANCE We conduct insurance underwriting operations primarily through The American Road Insurance Company (“TARIC”). TARIC is a wholly owned subsidiary of Ford Credit operating in the United States and Canada. TARIC provides physical damage insurance coverage for Ford Credit financed vehicles at dealer locations and Ford and Lincoln vehicles in transit between final assembly plants and dealer locations. TARIC also provides physical damage insurance coverage for non-affiliated company financed vehicles, serviced by Ford Credit, at dealer locations. In addition, TARIC provides a variety of other insurance products and services to Ford and its affiliates, including contractual liability insurance on extended service contracts. TARIC provides commercial automobile insurance for Ford and third parties and general liability insurance and surety bonds for Ford in the United States. Insurance premiums earned are reported net of reinsurance as Insurance premiums earned . These premiums are earned over their respective policy periods. Physical damage insurance premiums, including premiums on vehicles financed at wholesale by us, are recognized as income on a monthly basis. Premiums from extended service plan contracts and other contractual liability coverages are earned over the life of the policy based on historical loss experience. Commissions and premium taxes are deferred and amortized over the term of the related policies on the same basis on which premiums are earned. Reserves for insurance losses and loss adjustment expenses are established based on actuarial estimates and historical loss development patterns, which represents management’s best estimate. If management believes the reserves do not reflect all losses due to changes in conditions, or other relevant factors, an adjustment is made based on management judgment. Reinsurance activity primarily consists of ceding a majority of the contractual liability insurance business related to automotive extended service plan contracts for a ceding commission. Commissions on ceded amounts are earned on the same basis as related premiums. Reinsurance contracts do not relieve TARIC from its obligations to its policyholders. Failure of reinsurers to honor their obligations could result in losses to TARIC. Therefore, TARIC requires nearly all of its reinsurers to hold collateral and monitors the underlying business and financial performance of its reinsurers to mitigate risk. Insurance Assets Cash, cash equivalents, and marketable securities related to insurance activities at December 31 were as follows (in millions): 2023 2024 Cash and cash equivalents $ 82 $ 85 Marketable securities 649 644 Total cash, cash equivalents, and marketable securities $ 731 $ 729 TARIC is required by law to maintain deposits with regulatory authorities. These deposited securities totaled $10 million and $11 million at December 31, 2023 and 2024, respectively, and were included in Marketable securities. NOTE 11. INSURANCE (Continued) Amounts paid to reinsurers relating to the unexpired portion of the underlying automotive service contracts, and amounts recoverable from reinsurers on unpaid losses, including incurred but not reported losses are reported in Other assets . Prepaid reinsurance premiums and other reinsurance recoverables were $818 million and $876 million at December 31, 2023 and 2024, respectively. This includes amounts ceded to Ford affiliates of $98 million at both December 31, 2023 and 2024. Insurance Liabilities Other liabilities and deferred revenue includes unearned insurance premiums and fees of $930 million and $995 million at December 31, 2023 and 2024, respectively. This includes amounts from Ford and its affiliates of $808 million and $863 million at December 31, 2023 and 2024, respectively. The reserve for reported insurance losses and an estimate of unreported insurance losses, based on past experience, was $26 million and $35 million at December 31, 2023 and 2024, respectively, and was included in Other liabilities and deferred revenue . Insurance Premiums Insurance premiums written and earned for the years ended December 31 were as follows (in millions): 2022 2023 2024 Written Earned Written Earned Written Earned Direct $ 337 $ 306 $ 394 $ 359 $ 472 $ 415 Assumed — — — — — — Ceded (264) (231) (275) (240) (300) (244) Net premiums $ 73 $ 75 $ 119 $ 119 $ 172 $ 171 The direct premiums earned from Ford and its affiliates were $241 million, $249 million, and $259 million for the years ended December 31, 2022, 2023, and 2024, respectively. Insurance Expenses Insurance underwriting losses and expenses are reported as Insurance expenses . The components of insurance expenses for the years ended December 31 were as follows (in millions): 2022 2023 2024 Insurance losses $ 34 $ 90 $ 181 Loss adjustment expenses 2 4 5 Reinsurance income and other expenses, net (40) (41) (40) Insurance expenses $ (4) $ 53 $ 146 Insurance expenses with Ford and its affiliates were $107 million, $161 million, and $224 million for the years ended December 31, 2022, 2023, and 2024, respectively. Insurance expenses were reduced by ceded insurance expenses of $156 million, $198 million, and $233 million for the years ended December 31, 2022, 2023, and 2024, respectively.

Other Income, Net

Other Income, Net	12 Months Ended
	Dec. 31, 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 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 years ended December 31 were as follows (in millions): 2022 2023 2024 Interest and investment income (a) 123 545 $ 506 Gains/(losses) on derivatives $ (393) $ 177 (272) Currency revaluation gains/(losses) 419 (216) 114 Gains/(losses) on changes in investments in affiliates (b) (231) — 44 Other 41 8 32 Total other income/(loss), net $ (41) $ 514 $ 424 __________ (a) Includes interest income, primarily on notes receivable, from affiliated companies of $2 million, $2 million, and $3 million for the years ended December 31, 2022, 2023, and 2024, respectively. (b) Includes the reclassification of foreign currency translation net losses of $231 million and net gains of $43 million in 2022 and 2024, respectively, to Other Income/(Loss),net from Accumulated other comprehensive income/(loss) related to the liquidation, or substantially complete liquidation of certain investments in our international markets.

Retirement Benefits

Retirement Benefits	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
RETIREMENT BENEFITS AND SHARE-BASED COMPENSATION	RETIREMENT BENEFITS We are a participating employer in certain retirement plans that are sponsored by Ford. As described below, Ford allocates costs to us under these plans based on the total number of participating or eligible employees at Ford Credit. Further information about these sponsored plans is available in Ford’s Annual Report on Form 10-K for the year ended December 31, 2024, filed separately with the SEC. Employee Retirement Plans Benefits earned under certain Ford-sponsored retirement plans are generally based on an employee’s length of service, salary, and contributions. The allocation amount can be impacted by key assumptions (e.g., discount rate and average rate of increase in compensation) that Ford uses in determining its retirement plan obligations. Retirement plan costs allocated to Ford Credit for our employees participating in the Ford-sponsored defined benefit plans were $54 million, $41 million, and $28 million for the years ended December 31, 2022, 2023, and 2024, respectively. Allocated costs for defined contribution and savings plans were $9 million, $10 million, and $11 million for the years ended December 31, 2022, 2023, and 2024, respectively, and were charged to Operating expenses . Postretirement Health Care and Life Insurance Benefits Postretirement health care and life insurance benefits are provided under certain Ford plans, which provide benefits to retired salaried employees in North America. Our employees generally may become eligible for these benefits if they retire while working for us; however, benefits and eligibility rules may be modified from time to time. Postretirement health care and life insurance costs allocated to Ford Credit for our employees participating in the Ford-sponsored plans were $3 million, $2 million, and $1 million for the years ended December 31, 2022, 2023, and 2024, respectively, and were charged to Operating expenses.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT AND GEOGRAPHIC INFORMATION We report segment information consistent with the way our CODM, our President and Chief Executive Officer, evaluates the operating results and performance of the Company. 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 reportable segments are: the United States and Canada, Europe, and All Other. Our All Other reportable 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 report segment earnings 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. Our CODM reviews segment earnings on an income before income taxes basis to evaluate performance and allocate resources, predominately in the budgeting, planning, and forecasting processes. NOTE 14. SEGMENT AND GEOGRAPHIC INFORMATION (Continued) Key operating data for our business segments for the years ended or at December 31 was as follows (in millions): United States and Canada Europe All Other Total Unallocated Other Total 2022 Total revenue $ 8,189 $ 829 $ 398 $ 9,416 $ — $ 9,416 Total revenue less: Depreciation on vehicles subject to operating leases 2,271 (31) — 2,240 — 2,240 Interest expense 3,035 233 190 3,458 (124) 3,334 Provision for credit losses 10 (10) 39 39 — 39 Other segment items (a) 779 323 307 1,409 (43) 1,366 Income before income taxes 2,094 314 (138) 2,270 167 2,437 Other segment disclosures: Net finance receivables and net investment in operating leases 98,869 18,400 5,065 122,334 — 122,334 Total assets 110,023 22,690 5,863 138,576 — 138,576 2023 Total revenue $ 9,362 $ 1,316 $ 441 $ 11,119 $ — $ 11,119 Total revenue less: Depreciation on vehicles subject to operating leases 2,284 25 — 2,309 — 2,309 Interest expense 5,199 684 242 6,125 186 6,311 Provision for credit losses 237 10 31 278 — 278 Other segment items (a) 528 291 93 912 (13) 899 Income before income taxes 1,114 306 75 1,495 (173) 1,322 Other segment disclosures: Net finance receivables and net investment in operating leases 107,695 20,249 5,211 133,155 — 133,155 Total assets 118,611 24,601 5,993 149,205 — 149,205 2024 Total revenue $ 11,290 $ 1,508 $ 455 $ 13,253 $ — $ 13,253 Total revenue less: Depreciation on vehicles subject to operating leases 2,447 35 — 2,482 — 2,482 Interest expense 6,062 875 258 7,195 388 7,583 Provision for credit losses 333 34 50 417 — 417 Other segment items (a) 988 207 87 1,282 (165) 1,117 Income before income taxes 1,460 357 60 1,877 (223) 1,654 Other segment disclosures: Net finance receivables and net investment in operating leases 118,969 20,469 4,201 143,639 — 143,639 Total assets 129,599 23,993 4,700 158,292 — 158,292 __________ (a) Other items consists of Operating expenses , Insurance expenses , and Other income/(loss), net . NOTE 14. SEGMENT AND GEOGRAPHIC INFORMATION (Continued) Geographic Information Key data, split geographically into the United States (which is our country of domicile), Canada, and All Other, for the years ended or at December 31 were as follows (in millions): 2022 2023 2024 Total revenue United States $ 6,929 $ 8,012 $ 9,714 Canada 1,260 1,350 1,577 All Other 1,227 1,757 1,962 Total revenue $ 9,416 $ 11,119 $ 13,253 Net property and net investment in operating leases United States $ 17,558 $ 15,642 $ 16,560 Canada 4,317 4,621 5,048 All Other 179 338 364 Net property and net investment in operating leases $ 22,054 $ 20,601 $ 21,972

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments and contingencies primarily consist of lease commitments, guarantees and indemnifications, and litigation and claims. Lease Commitments We lease land, buildings, and equipment under agreements that expire over various contractual periods ranging from less than one Other assets on our consolidated balance sheets. We do not recognize right-of-use assets and lease liabilities for leases with a term of 12 months or less. These lease payments are amortized to expense on a straight-line basis over the lease term. For the majority of our leases, we do not separate the non-lease components (e.g., maintenance and operating services) from the lease components to which they relate. Instead, non-lease components are included in the measurement of the lease liabilities. We calculate the initial lease liability as the present value of fixed payments not yet paid and variable payments that are based on a market rate or an index (e.g., CPI), measured at commencement. The majority of our leases are discounted using our incremental borrowing rate because the rate implicit in the lease is not readily determinable. All other variable payments are expensed as incurred. Operating lease liabilities are reported in Other liabilities and deferred revenue . NOTE 15. COMMITMENTS AND CONTINGENCIES (Continued) The amounts contractually due on our operating lease liabilities at December 31, 2024 were as follows (in millions): 2025 2026 2027 2028 2029 Thereafter Total Operating lease $ 16 $ 12 $ 9 $ 3 $ 1 $ 7 $ 48 Less: Present value discount 6 Total operating lease liabilities $ 42 Supplemental information related to operating leases for the years ended December 31 was as follows (in millions): 2022 2023 2024 Operating and variable lease expense $ 22 $ 22 $ 22 Right-of-use assets obtained in exchange for operating lease liabilities 5 5 4 Weighted average remaining lease term for operating leases (in years) 5 5 5 Weighted average remaining discount rate for operating leases 3.9 % 4.1 % 4.3 % Guarantees and Indemnifications Guarantees and indemnifications are recorded at fair value at their inception. For financial guarantees, subsequent to initial recognition, the guarantee liability is adjusted at each reporting period to reflect the current estimate of expected payments resulting from possible default events over the remaining life of the guarantee. For non-financial guarantees, we regularly review our performance risk under these arrangements, and in the event it becomes probable we will be required to perform under a guarantee or indemnity, the amount of probable payment is recorded. The maximum potential payments under these guarantees and limited indemnities totaled $90 million and $61 million at December 31, 2023 and 2024, respectively. Of these values, $48 million and $15 million at December 31, 2023 and 2024, respectively, were counter-guaranteed by Ford to us. There were no recorded liabilities related to guarantees and limited indemnities at December 31, 2023 and 2024. In some cases, we have guaranteed debt and other financial obligations of outside third parties and unconsolidated affiliates, including Ford. Expiration dates vary, and guarantees will terminate on payment and/or cancellation of the underlying obligation. A payment by us would be triggered by failure of the third party to fulfill its obligation covered by the guarantee. In some circumstances, we are entitled to recover from a third party amounts paid by us under the guarantee. In the ordinary course of business, we execute contracts involving indemnifications standard in the industry and indemnifications specific to a transaction, such as the sale of a business. These indemnifications might include and are not limited to claims relating to any of the following: environmental, tax, and shareholder matters; intellectual property rights; governmental regulations and employment-related matters; dealer and other commercial contractual relationships; and financial matters, such as securitizations. Performance under these indemnities generally would be triggered by a breach of contract claim brought by a counterparty or a third-party claim. While some of these indemnifications are limited in nature, many of them do not limit potential payment. Therefore, we are unable to estimate a maximum amount of future payments that could result from claims made under these unlimited indemnities. NOTE 15. COMMITMENTS AND CONTINGENCIES (Continued) Litigation and Claims Various legal actions, proceedings, and claims (generally, “matters”) are pending or may be instituted or asserted against us. These include but are not limited to matters arising out of governmental regulations; tax matters; alleged illegal acts resulting in fines or penalties; financial services; employment-related matters; dealer and other contractual relationships; investor matters; and financial reporting matters. Certain of the pending legal actions are, or purport to be, class actions. Some of the matters involve or may involve claims for compensatory, punitive, or antitrust or other treble damages in very large amounts, sanctions, assessments, or other relief, which, if granted, would require very large expenditures. The extent of our financial exposure to these matters is difficult to estimate. Many matters do not specify a dollar amount for damages, and many others specify only a jurisdictional minimum. To the extent an amount is asserted, our historical experience suggests that in most instances the amount asserted is not a reliable indicator of the ultimate outcome. We accrue for matters when losses are deemed probable and reasonably estimable. In evaluating matters for accrual and disclosure purposes, we take into consideration factors such as our historical experience with matters of a similar nature, the specific facts and circumstances asserted, the likelihood that we will prevail, and the severity of any potential loss. We reevaluate and update our accruals as matters progress over time. For nearly all matters where our historical experience with similar matters is of limited value (i.e., “non-pattern matters”), we evaluate the matters primarily based on the individual facts and circumstances. For non-pattern matters, we evaluate whether there is a reasonable possibility of a material loss in excess of any accrual that can be estimated. It is reasonably possible that some of the matters for which accruals have not been established could be decided unfavorably and could require us to pay damages or make other expenditures. We do not reasonably expect, based on our analysis, that such matters would have a material effect on future financial statements for a particular year, although such an outcome is possible. As noted, the litigation process is subject to many uncertainties, and the outcome of individual matters is not predictable with assurance. Our assessments are based on our knowledge and experience, but the ultimate outcome of any matter could require payment substantially in excess of the amount that we have accrued and/or disclosed.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 1,256	$ 1,324	$ 1,989

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity Strategy and Risk Management We devote significant resources to our security program that we believe is reasonably designed to mitigate our cybersecurity and information technology risk. We believe our cybersecurity program is reasonably designed to protect our information systems, software, networks, and other assets against, and mitigate the effects of, cybersecurity incidents where unauthorized parties attempt, among other things, to disrupt or degrade service or our operations; misuse or abuse technology and information systems; make unauthorized disclosure of data; or otherwise cause harm to Ford and Ford Credit, our customers, suppliers, or dealers, or other key stakeholders. We employ capabilities, processes, and other security measures we believe are reasonably designed to reduce and mitigate these risks, and have requirements for our suppliers and service providers to do the same. Data safeguard practices of suppliers and service providers who process Personally Identifiable Information on our behalf are reviewed annually for compliance with our policies and applicable regulations. Despite having thorough due diligence, onboarding, and cybersecurity assessment processes in place for our suppliers and service providers, there can be no assurance that we can prevent the risk of any compromise or failure in the information systems, software, networks, and other assets owned or controlled by those parties. When we become aware that a supplier or service provider’s cybersecurity has been compromised, we attempt to mitigate the risk to the Company, including, if appropriate and feasible, by terminating the supplier’s connection to our information systems. In an effort to effectively prevent, detect, and respond to cybersecurity threats, we employ a multi-layered cybersecurity risk management program supervised by Ford’s Chief Information Security Officer, whose team is responsible for leading enterprise-wide cybersecurity strategy, policy, architecture, and processes. The team provides cybersecurity services for Ford and its affiliates, including Ford Credit. The services provided to Ford Credit and its affiliates are governed by appropriate service agreements with Ford. Local regional teams and designated responsible individuals work with the enterprise-wide team to provide cybersecurity-related services in compliance with local requirements. The team’s responsibility includes identifying, considering, and assessing potentially material cybersecurity incidents on an ongoing basis, establishing processes designed to prevent and monitor potential cybersecurity risks, implementing mitigation and remedial measures, and maintaining the cybersecurity program. To do so, the program is informed by and designed to comply with the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF). The program leverages both internal and external techniques and expertise. Internally, we perform penetration tests, internal tests/code reviews, and Red Team exercises, among other things, to evaluate aspects of our cybersecurity program. We also perform phishing and social engineering simulations with, and provide cybersecurity training for, personnel with Company email and access to Company assets, and regularly circulate security awareness newsletters to employees. Externally, we monitor notifications from the U.S. Computer Emergency Readiness Team (“CERT”) and various Information Sharing and Analysis Centers (each an “ISAC”); review customer, media, and third-party cybersecurity reports; and operate a bug bounty program. The cybersecurity program also includes disaster recovery and incident response plans, including a ransomware response plan, which is regularly tested and evaluated in tabletop simulations. Ford and Ford Credit’s global cybersecurity incident response is overseen by Ford’s Chief Information Security Officer. Ford’s Chief Information Security Officer has served in that role for over 7 years and has over a decade of engineering and operations expertise with cybersecurity technologies and services. He was appointed in 2022 by the Ford Credit Board as Ford Credit’s “Qualified Individual” under the Federal Trade Commission Safeguards Rule, and is responsible for overseeing and implementing Ford Credit’s information security program and enforcing it. Ford Credit’s Chief Technology Officer is Ford Credit’s senior member responsible for direction and oversight of the Qualified Individual. Ford’s Chief Information Security Officer also reports to Ford Motor Company’s Chief Enterprise Technology Officer, who has spent over two decades managing cybersecurity risks as a leader at enterprise software and Fortune 50 companies. Ford’s Chief Enterprise Technology Officer reports directly to Ford’s Chief Executive Officer. When a cybersecurity threat or incident is identified, our policy is to review and triage the threat or incident, and to then manage it to conclusion in accordance with our cybersecurity incident response processes. When a cybersecurity incident is determined to be significant, it is addressed by management committees using processes that leverage subject-matter expertise from across Ford and Ford Credit. Further, we have in the past and may in the future engage with third-party advisors and government and law enforcement agencies as part of our incident management processes. All cybersecurity incidents that are identified as reasonably having the potential to be highly significant to Ford and Ford Credit are brought to the attention of Ford’s Chief Enterprise Technology Officer and General Counsel by Ford’s Chief Information Security Officer as part of the Company’s cybersecurity incident response processes. Cybersecurity Governance and Oversight Cybersecurity risk identification, assessment, and management are integrated into Ford Credit’s overall enterprise risk management program. As part of its enterprise risk management efforts, the Ford Credit Board meets with senior management to assess and respond to critical business risks. These critical enterprise risks are assessed by senior management annually and discussed with the Ford Credit Board. Then each of the top risks are validated, prioritized, and assigned risk owners who are responsible to oversee risk assessment, develop and implement mitigation plans, and provide regular updates to the Board (and/or Board committee assigned to the risk). In this way, critical business risks, including cybersecurity risk, benefit from both top-down and bottom-up risk management efforts that we believe are reasonably designed to escalate key risk and control issues to senior management and the Ford Credit Board.
Cybersecurity Risk Management Processes Integrated [Text Block]	Cybersecurity risk identification, assessment, and management are integrated into Ford Credit’s overall enterprise risk management program. As part of its enterprise risk management efforts, the Ford Credit Board meets with senior management to assess and respond to critical business risks. These critical enterprise risks are assessed by senior management annually and discussed with the Ford Credit Board. Then each of the top risks are validated, prioritized, and assigned risk owners who are responsible to oversee risk assessment, develop and implement mitigation plans, and provide regular updates to the Board (and/or Board committee assigned to the risk). In this way, critical business risks, including cybersecurity risk, benefit from both top-down and bottom-up risk management efforts that we believe are reasonably designed to escalate key risk and control issues to senior management and the Ford Credit Board.
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	In 2024, we did not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. For a discussion of whether and how cybersecurity incidents, ransomware attacks, and other disruptions to Ford and Ford Credit’s operational information systems, security systems, vehicles, and services could reasonably be expected to affect Ford and Ford Credit, including their business strategy, results of operations or financial condition, see our risk factors above in Item 1A. generally and, in particular, “Operational information systems, security systems, vehicles, and services could be affected by cybersecurity incidents, ransomware attacks, and other disruptions and impact Ford, Ford Credit, their suppliers, and dealers” on page 18.
Cybersecurity Risk Board of Directors Oversight [Text Block]	As part of its oversight responsibilities, the Ford Credit Board receives annual cybersecurity updates from Ford’s Chief Information Security Officer. The annual review includes oversight of cybersecurity practices, cyber risks, and risk management processes, such as updates to Ford Credit’s cybersecurity programs and mitigation strategies, and other cybersecurity developments.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	In addition to these regular updates, as part of Ford Credit’s incident response processes, Ford Credit’s Chief Technology Officer, in collaboration with Ford Credit’s Qualified Individual and Chief Compliance Officer, provides updates on certain cybersecurity incidents to Ford Credit’s Compliance Committee and, in some cases, the Ford Credit Board of Directors.
Cybersecurity Risk Role of Management [Text Block]	In addition to these regular updates, as part of Ford Credit’s incident response processes, Ford Credit’s Chief Technology Officer, in collaboration with Ford Credit’s Qualified Individual and Chief Compliance Officer, provides updates on certain cybersecurity incidents to Ford Credit’s Compliance Committee and, in some cases, the Ford Credit Board of Directors
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Ford and Ford Credit’s global cybersecurity incident response is overseen by Ford’s Chief Information Security Officer. Ford’s Chief Information Security Officer has served in that role for over 7 years and has over a decade of engineering and operations expertise with cybersecurity technologies and services. He was appointed in 2022 by the Ford Credit Board as Ford Credit’s “Qualified Individual” under the Federal Trade Commission Safeguards Rule, and is responsible for overseeing and implementing Ford Credit’s information security program and enforcing it. Ford Credit’s Chief Technology Officer is Ford Credit’s senior member responsible for direction and oversight of the Qualified Individual. Ford’s Chief Information Security Officer also reports to Ford Motor Company’s Chief Enterprise Technology Officer, who has spent over two decades managing cybersecurity risks as a leader at enterprise software and Fortune 50 companies. Ford’s Chief Enterprise Technology Officer reports directly to Ford’s Chief Executive Officer.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	As part of its oversight responsibilities, the Ford Credit Board receives annual cybersecurity updates from Ford’s Chief Information Security Officer. The annual review includes oversight of cybersecurity practices, cyber risks, and risk management processes, such as updates to Ford Credit’s cybersecurity programs and mitigation strategies, and other cybersecurity developments. In addition, Ford Credit’s Compliance Committee reviews at least annually Ford Credit’s cybersecurity programs, and the Ford Credit Audit Committee receives updates on Ford Credit’s cybersecurity initiatives and information technology internal controls. In addition to these regular updates, as part of Ford Credit’s incident response processes, Ford Credit’s Chief Technology Officer, in collaboration with Ford Credit’s Qualified Individual and Chief Compliance Officer, provides updates on certain cybersecurity incidents to Ford Credit’s Compliance Committee and, in some cases, the Ford Credit Board of Directors. In the event Ford Credit determines it has experienced a material cybersecurity incident, Ford Credit’s Audit Committee and Chief Compliance Officer are notified about the incident in advance of filing a Current Report on Form 8-K
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Organization, Consolidation a_2

Organization, Consolidation and Presentation of Financial Statements (Policies)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [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”).
Comparability of Prior Year Financial Data, Policy [Policy Text Block]	We reclassified certain prior period amounts in our consolidated financial statements to conform to the current year presentation.

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [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”).
Reclassifications [Abstract]
Comparability of Prior Year Financial Data, Policy [Policy Text Block]	We reclassified certain prior period amounts in our consolidated financial statements to conform to the current year presentation.
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments, Policy [Policy Text Block]	Cash equivalents, marketable securities, and derivative financial instruments are remeasured and presented on our financial statements on a recurring basis at fair value, while other assets and liabilities are measured at fair value on a nonrecurring basis. In measuring fair value, we use various valuation methods and prioritize the use of observable inputs. The use of observable and unobservable inputs and their significance in measuring fair value are reflected in our fair value hierarchy. • Level 1 – inputs include quoted prices for identical instruments and are the most observable • Level 2 – inputs include quoted prices for similar instruments and observable inputs such as interest rates, currency exchange rates, and yield curves • Level 3 – inputs include data not observable in the market and reflect management judgment about the assumptions market participants would use in pricing the instruments Transfers into and transfers out of the hierarchy levels are recognized as if they had taken place at the end of the reporting period. Cash and Cash Equivalents. Included in Cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. A debt security is classified as a cash equivalent if it meets these criteria and if it has a remaining time to maturity of three months or less from the date of purchase. Amounts on deposit and available upon demand, or negotiated to provide for daily liquidity without penalty, are classified as Cash and cash equivalents . Time deposits, certificates of deposit, and money market accounts that meet the above criteria are reported at par value on our consolidated balance sheets. Marketable Securities. Investments in securities with a maturity date greater than three months at the date of purchase and other securities for which there is more than an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal are classified as Marketable securities . These investments are reported at fair value. We generally measure fair value using prices obtained from pricing services. Pricing methods and inputs to valuation models used by the pricing services depend on the security type (i.e., asset class). Where possible, fair values are generated using market inputs including quoted prices (the closing price in an exchange market), bid prices (the price at which a buyer stands ready to purchase), and other market information. For fixed income securities that are not actively traded, the pricing services use alternative methods to determine fair value for the securities, including quotes for similar fixed income securities, matrix pricing, discounted cash flow using benchmark curves, or other factors. In certain cases, when market data are not available, we may use broker quotes to determine fair value. An annual review is performed on the security prices received from our pricing services, which includes discussion and analysis of the inputs used by the pricing services to value our securities. We also compare the price of certain securities sold close to the quarter end to the price of the same security at the balance sheet date to ensure the reported fair value is reasonable. Realized and unrealized gains and losses and interest income on our marketable securities are recorded in Other income/(loss), net . Realized gains and losses are measured using the specific identification method. On a nonrecurring basis, we also measure at fair value retail contracts 120 days past due or deemed to be uncollectible, and individual dealer loans probable of foreclosure. We use the fair value of collateral, adjusted for estimated costs to sell, to determine the fair value of these receivables. The collateral for a retail financing or wholesale receivable is the vehicle financed, and for dealer loans is real estate or other property. The fair value of collateral for retail financing receivables is calculated as the outstanding receivable balances multiplied by the average recovery value percentage. The fair value of collateral for wholesale receivables is based on the wholesale market value or liquidation value for new and used vehicles. The fair value of collateral for dealer loans is determined by reviewing various appraisals, which include total adjusted appraised value of land and improvements, alternate use appraised value, broker’s opinion of value, and purchase offers. Notes and accounts receivable from affiliated companies are presented separately on the balance sheets. These receivables are based on intercompany relationships and the balances are settled regularly. We do not assess these receivables for potential credit losses, nor are they subjected to aging analysis, credit quality reviews, or other formal assessments. As a result, Notes and accounts receivable from affiliated companies are not subject to the following disclosures contained herein. Our derivatives are over-the-counter customized derivative transactions and are not exchange traded. We estimate the fair value of these instruments using industry-standard valuation models such as a discounted cash flow. These models project future cash flows and discount the future amounts to a present value using market-based expectations for interest rates, foreign exchange rates, and the contractual terms of the derivative instruments. The discount rate used is the relevant benchmark interest rate (e.g., SOFR, SONIA) plus an adjustment for nonperformance risk. The adjustment reflects the full credit default swap (“CDS”) spread applied to a net exposure, by counterparty, considering the master netting agreements and any posted collateral. We use our counterparty’s CDS spread when we are in a net asset position and our own CDS spread when we are in a net liability position.
Loans and Leases Receivable Disclosure [Abstract]
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	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. Revenue from finance receivables is recognized using the interest method and includes the accretion of certain direct origination costs that are deferred and interest supplements received from Ford and affiliated companies. The unearned interest supplements on finance receivables are included in Total finance receivables, net on the balance sheets, and the earned interest supplements are included in Total financing revenue on the income statements.
Lease Policy [Abstract]
Lessor, Leases [Policy Text Block]	We receive interest supplements and residual support payments on certain leasing transactions under agreements with Ford. We recognize these upfront collections from Ford and other vehicle acquisition costs as part of Net investment in operating leases , which are amortized to Depreciation on vehicles subject to operating leases At the time of purchase, we establish the expected residual value for each vehicle, considering recent auction values, return volumes for our leased vehicles, industrywide used vehicle prices, marketing incentive plans, and vehicle quality data, and benchmark to third-party data depending on availability. Depreciation expense for vehicles under operating leases is then recognized on a straight-line basis, with the associated accumulated depreciation reducing the vehicle's value to its estimated residual value by the end of the scheduled lease term. Our depreciation for leased vehicles is evaluated regularly, using third-party data, and considering factors such as projected residual values at lease termination (including residual value support payments from Ford), the estimated number of vehicles that will be returned to us, and historical early termination rates due to customer defaults. Depreciation expense adjustments, reflecting revised residual value estimates, are applied prospectively on a straight-line basis. We monitor residual values monthly and review accumulated depreciation accuracy quarterly. Our policy is to promptly sell off-lease vehicles. When a vehicle is sold, the difference between net book value and proceeds, plus any lease termination fees (for example, variable lease payments such as excess wear and tear or mileage charges), are recorded as adjustments to Depreciation on vehicles subject to operating leases . We evaluate the carrying value of held-and-used long-lived asset groups (such as vehicles subject to operating leases) for potential impairment when we determine a triggering event has occurred. When a triggering event occurs, a test for recoverability is performed by comparing projected undiscounted future cash flows to the carrying value of the asset group. If the test for recoverability identifies a possible impairment, the asset group’s fair value is measured in accordance with the fair value measurement framework. An impairment charge is recognized for the amount by which the carrying value of the asset group exceeds its estimated fair value. For the periods presented, we have not recorded any impairment charges.
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments and Hedge Accounting. Derivative assets and derivative liabilities are reported in Derivative financial instruments on our balance sheets. 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. NOTE 7. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued) Fair Value Hedges . We use derivatives to reduce the risk of changes in the fair value of debt. We have designated certain receive-fixed, pay-float interest rate and cross-currency interest rate swaps as fair value hedges of fixed-rate debt. The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate and foreign exchange. We report the change in fair value of the hedged debt related to the change in benchmark interest rate in Debt and Interest expense . We report the change in fair value of the hedged debt related to foreign currency in Debt and Other income/(loss), net . Net interest settlements and accruals, and fair value changes on hedging instruments due to the benchmark interest rate change are reported in Interest expense . Fair value changes on the hedging instrument due to foreign currency are reported in Other Income/(loss), net . The cash flows associated with fair value hedges are reported in Net cash provided by/(used in) operating activities on our statements of cash flows. When a fair value hedge is de-designated, or when the derivative is terminated before maturity, the fair value adjustment to the hedged debt continues to be reported as part of the carrying value of the debt and is recognized in Interest expense over its remaining life. Derivatives Not Designated as Hedging Instruments. We report net interest settlements and accruals and changes in the fair value of interest rate swaps not designated as hedging instruments in Other income/(loss), net . Foreign currency revaluation on accrued interest along with gains and losses on foreign exchange contracts and cross-currency interest rate swaps are reported in Other income/(loss), net. Cash flows associated with non-designated or de-designated derivatives are reported in Net cash provided by/(used in) investing activities on our statements of cash flows.
Debt Disclosure [Abstract]
Debt, Policy [Policy Text Block]	Debt is reported on our consolidated balance sheets at par value adjusted for unamortized discount or premium, unamortized issuance costs, and adjustments related to designated fair value hedging (see Note 7 for additional information). Debt due within one year at issuance is classified as short-term. Debt due after one year at issuance is classified as long-term. Discounts, premiums, and costs directly related to the issuance of debt are capitalized and amortized over the life of the debt or to the put date and are recorded in Interest expense using the effective interest method. Gains and losses on the extinguishment of debt are recorded in Other income/(loss), net.
Income Tax Disclosure [Abstract]
Income Tax, Policy [Policy Text Block]	NOTE 10. INCOME TAXES ( Continued ) Components of Deferred Tax Assets and Liabilities
Insurance [Abstract]
Insurance Premiums Revenue Recognition, Policy [Policy Text Block]	Insurance premiums earned are reported net of reinsurance as Insurance premiums earned . These premiums are earned over their respective policy periods. Physical damage insurance premiums, including premiums on vehicles financed at wholesale by us, are recognized as income on a monthly basis. Premiums from extended service plan contracts and other contractual liability coverages are earned over the life of the policy based on historical loss experience. Commissions and premium taxes are deferred and amortized over the term of the related policies on the same basis on which premiums are earned.
Insurance Losses and Claims, Policy [Policy Text Block]	Reserves for insurance losses and loss adjustment expenses are established based on actuarial estimates and historical loss development patterns, which represents management’s best estimate. If management believes the reserves do not reflect all losses due to changes in conditions, or other relevant factors, an adjustment is made based on management judgment. Insurance underwriting losses and expenses are reported as Insurance expenses
Reinsurance Accounting Policy [Policy Text Block]	Reinsurance activity primarily consists of ceding a majority of the contractual liability insurance business related to automotive extended service plan contracts for a ceding commission. Commissions on ceded amounts are earned on the same basis as related premiums. Reinsurance contracts do not relieve TARIC from its obligations to its policyholders. Failure of reinsurers to honor their obligations could result in losses to TARIC. Therefore, TARIC requires nearly all of its reinsurers to hold collateral and monitors the underlying business and financial performance of its reinsurers to mitigate risk. Amounts paid to reinsurers relating to the unexpired portion of the underlying automotive service contracts, and amounts recoverable from reinsurers on unpaid losses, including incurred but not reported losses are reported in Other assets
Commitments and Contingencies Disclosure [Abstract]
Guarantees and Indemnifications Policies [Policy Text Block]	We accrue for matters when losses are deemed probable and reasonably estimable. In evaluating matters for accrual and disclosure purposes, we take into consideration factors such as our historical experience with matters of a similar nature, the specific facts and circumstances asserted, the likelihood that we will prevail, and the severity of any potential loss. We reevaluate and update our accruals as matters progress over time.
New Accounting Pronouncements, Policy	Adoption of New Accounting Standards ASU 2023-07, Segment Reporting, Improvements to Reportable Segment Disclosures . We adopted the new standard and applied the amendments retrospectively to all prior periods presented in our consolidated financial statements. The standard requires disclosure of any significant segment expenses that are regularly provided to the chief operating decision maker (”CODM”) for each reportable segment. In addition, 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, beginning in 2025. Adoption of the new standard did not impact our consolidated balance sheets or income statements, or have a material impact on our financial statement disclosures. Refer to Note 14 for the incremental disclosures required under the standard. We also 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 January 1, 2024

Cash, Cash Equivalents, and M_2

Cash, Cash Equivalents, and Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table categorizes the fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis on our balance sheets at December 31 (in millions): Fair Value Level 2023 2024 Cash and cash equivalents United States government 1 $ 912 $ 854 United States government agencies 2 625 400 Non-United States government and agencies 2 276 370 Corporate debt 2 101 339 Total marketable securities classified as cash equivalents 1,914 1,963 Cash, time deposits and money market funds 8,744 7,309 Total cash and cash equivalents $ 10,658 $ 9,272 Marketable securities United States government 1 $ 207 $ 185 United States government agencies 2 49 — Non-United States government and agencies 2 109 79 Corporate debt 2 268 252 Other marketable securities 2 156 190 Total marketable securities $ 789 $ 706
Schedule of cash, cash equivalents and restricted cash [Table Text Block]	Cash, cash equivalents, and restricted cash as reported in our consolidated statements of cash flows are presented separately on our consolidated balance sheets as follows (in millions): December 31, 2023 December 31, 2024 Cash and cash equivalents $ 10,658 $ 9,272 Restricted cash (a) 137 88 Total cash, cash equivalents, and restricted cash $ 10,795 $ 9,360 __________ (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.

Net Investment in Operating Lea

Net Investment in Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases, Operating [Abstract]
Net investment in operating leases [Table Text Block]	Net investment in operating leases at December 31 was as follows (in millions): 2023 2024 Vehicles, at cost (a) $ 24,182 $ 25,424 Accumulated depreciation (3,850) (3,735) Net investment in operating leases $ 20,332 $ 21,689 __________ (a)
Schedule of Minimum Payments Receivable on Operating Leases [Table Text Block]	The amounts contractually due on our operating leases at December 31, 2024 were as follows (in millions): 2025 2026 2027 2028 2029 Total Operating lease payments $ 3,774 $ 2,594 $ 1,181 $ 243 $ 14 $ 7,806

Finance Receivables (Tables)

Finance Receivables (Tables)	12 Months Ended
	Dec. 31, 2024
Financing Receivables [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Total finance receivables, net at December 31 were as follows (in millions): 2023 2024 Consumer Retail installment contracts, gross $ 73,943 $ 79,573 Finance leases, gross 7,793 8,357 Retail financing, gross 81,736 87,930 Unearned interest supplements from Ford and affiliated companies (3,344) (4,598) Consumer finance receivables 78,392 83,332 Non-Consumer Dealer financing (a) 33,377 37,384 Other financing (b) 1,936 2,098 Non-Consumer finance receivables 35,313 39,482 Total recorded investment (c) $ 113,705 $ 122,814 Recorded investment in finance receivables $ 113,705 $ 122,814 Allowance for credit losses (882) (864) Total finance receivables, net $ 112,823 $ 121,950 Net finance receivables subject to fair value (d) $ 105,476 $ 114,069 Fair value 103,937 113,545 __________ (a) Includes $7.9 billion and $7.1 billion at December 31, 2023 and 2024, respectively, of receivables generated by divisions and affiliates of Ford in connection with vehicle inventories released from Ford and in transit to the destination dealers. Interest earned from Ford and affiliated companies associated with receivables from gate-released vehicles in transit to dealers for the years ended December 31, 2022, 2023, and 2024 was $333 million, $640 million, and $716 million, respectively. Balances at December 31, 2023 and 2024, also include $792 million and $988 million, respectively, of dealer financing receivables with entities (primarily dealers) that are reported as consolidated subsidiaries of Ford. For the years ended December 31, 2022, 2023, and 2024, the interest earned on receivables from consolidated subsidiaries of Ford to which we provide dealer financing was $6 million, $19 million, and $16 million, respectively. (b) Primarily represents other financing receivables with Ford, which includes amounts associated with purchased receivables and receivables associated with the financing of vehicles that Ford leases to employees. (c) Earned interest supplements on consumer and non-consumer receivables from Ford and affiliated companies totaled $2.1 billion, $2.3 billion, and $2.9 billion for the years ended December 31, 2022, 2023, and 2024, respectively. Cash received from interest supplements totaled $1.4 billion, $3.0 billion, and $4.3 billion for the years ended December 31, 2022, 2023, and 2024, respectively. Interest supplements due from Ford included in Notes and accounts receivable from affiliated companies totaled $130 million, $318 million, and $269 million for the years ended December 31, 2022, 2023, and 2024, respectively, and is a non-cash investing transaction in our consolidated statement of cash flows. (d)
Financing Receivable, Allowance for Credit Loss	An analysis of the allowance for credit losses related to finance receivables for the years ended December 31 was as follows (in millions): 2023 2024 Consumer Non-Consumer Total Consumer Non-Consumer Total Allowance for credit losses Beginning balance $ 838 $ 7 $ 845 $ 879 $ 3 $ 882 Charge-offs (401) (4) (405) (568) (7) (575) Recoveries 151 2 153 160 3 163 Provision for credit losses 280 (2) 278 412 5 417 Other (a) 11 — 11 (23) — (23) Ending balance $ 879 $ 3 $ 882 $ 860 $ 4 $ 864 _________ (a) Primarily represents amounts related to foreign currency translation adjustments.
Financing Receivable, Past Due	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 December 31, 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 $ 43 $ 93 $ 104 $ 187 $ 242 $ 203 $ 872 1.0 % 61-120 days past due 8 20 27 46 70 54 225 0.3 Greater than 120 days past due 7 7 8 11 12 5 50 0.1 Total past due 58 120 139 244 324 262 1,147 1.4 Current 788 3,162 5,465 12,298 24,189 36,283 82,185 98.6 Total $ 846 $ 3,282 $ 5,604 $ 12,542 $ 24,513 $ 36,545 $ 83,332 100.0 % Gross charge-offs $ 46 $ 58 $ 71 $ 152 $ 191 $ 50 $ 568
Sales-type and Direct Financing Leases, Lease Receivable, Maturity	The amounts contractually due on finance leases at December 31, 2024 were as follows (in millions): Finance Lease Receivables 2025 2026 2027 2028 2029 Thereafter Total Contractual maturity $ 1,848 $ 1,658 $ 1,345 $ 868 $ 122 $ 4 $ 5,845 Less: Present value discount 478 Total finance lease receivables $ 5,367 The reconciliation from finance lease receivables to finance leases, gross and finance leases, net at December 31 is as follows (in millions): 2023 2024 Finance lease receivables $ 4,787 $ 5,367 Unguaranteed residual assets 2,910 2,883 Initial direct costs 96 107 Finance leases, gross 7,793 8,357 Unearned interest supplements from Ford and affiliated companies (408) (437) Allowance for credit losses (38) (39) Finance leases, net $ 7,347 $ 7,881
Non-Consumer Segment [Member]
Financing Receivables [Line Items]
Schedule of Financing Receivable 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 December 31, 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 $ 270 $ 63 $ 97 $ 47 $ 231 $ 245 $ 953 $ 33,345 $ 34,298 91.7 % Group II 13 — 3 1 28 31 76 2,494 2,570 6.9 Group III — — 2 — 1 4 7 462 469 1.3 Group IV — — — — — 1 1 46 47 0.1 Total (a) $ 283 $ 63 $ 102 $ 48 $ 260 $ 281 $ 1,037 $ 36,347 $ 37,384 100.0 % Gross charge-offs $ 1 $ — $ — $ — $ — $ — $ 1 $ 6 $ 7 __________ (a)

Transfers of Receivables (Table

Transfers of Receivables (Tables)	12 Months Ended
	Dec. 31, 2024
Transfers and Servicing [Abstract]
Schedule Of Interest Expense related to Securitization Transactions [Table Text Block]	Interest expense related to securitization debt for the years ended December 31 was as follows (in millions): 2022 2023 2024 VIE $ 1,009 $ 1,872 $ 2,165 Non-VIE 267 591 610 Total securitization transactions $ 1,276 $ 2,463 $ 2,775
Schedule of Exposures Based on the Fair Value of Derivative Instruments Related to Securitization Programs [Table Text Block]	Our exposures based on the fair value of derivative instruments with external counterparties related to securitization programs at December 31 were as follows (in millions): 2023 2024 Derivative Derivative Derivative Derivative Derivatives of the VIEs $ 90 $ 45 $ 34 $ 100 Derivatives related to the VIEs 7 48 29 32 Other securitization related derivatives 90 29 39 27 Total exposures related to securitization $ 187 $ 122 $ 102 $ 159
Schedule of Derivative Expense/(Income) Related to Securitization Transactions [Table Text Block]	Derivative expense/(income) related to our securitization transactions for the years ended December 31 was as follows (in millions): 2022 2023 2024 Derivatives of the VIEs $ (327) $ 25 $ 14 Derivatives related to the VIEs 120 (38) 12 Other securitization related derivatives (259) (26) (82) Total derivative expense/(income) related to securitization $ (466) $ (39) $ (56)
Schedule of Assets and Liabilities Related to Securitization Transactions [Table Text Block]	The following tables show the assets and debt related to our securitization transactions that were included in our consolidated financial statements at December 31 (in billions): 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) 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 $ 37.0 $ (0.3) $ 36.7 $ 31.6 Wholesale financing 0.3 24.0 — 24.0 10.8 Finance receivables 2.0 61.0 (0.3) 60.7 42.4 Net investment in operating leases 0.5 13.3 — 13.3 8.5 Total VIE $ 2.5 $ 74.3 $ (0.3) $ 74.0 $ 50.9 Non-VIE Retail financing $ 0.5 $ 10.6 $ (0.1) $ 10.5 $ 9.3 Wholesale financing — 0.4 — 0.4 0.2 Finance receivables 0.5 11.0 (0.1) 10.9 9.5 Net investment in operating leases — — — — — Total Non-VIE $ 0.5 $ 11.0 $ (0.1) $ 10.9 $ 9.5 Total securitization transactions Retail financing $ 2.2 $ 47.6 $ (0.4) $ 47.2 $ 40.9 Wholesale financing 0.3 24.4 — 24.4 11.0 Finance receivables 2.5 72.0 (0.4) 71.6 51.9 Net investment in operating leases 0.5 13.3 — 13.3 8.5 Total securitization transactions $ 3.0 $ 85.3 $ (0.4) $ 84.9 $ 60.4 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c)

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31 were as follows (in millions): 2022 2023 2024 Fair value hedges Interest rate contracts Net interest settlements and accruals on hedging instruments $ (45) $ (507) $ (361) Fair value changes on hedging instruments (1,875) 196 (220) Fair value changes on hedged debt 1,893 (260) 182 Cross-currency interest rate swap contracts Net interest settlements and accruals on hedging instruments (27) (79) (133) Fair value changes on hedging instruments (111) 96 (134) Fair value changes on hedged debt 113 (96) 108 Derivatives not designated as hedging instruments Interest rate contracts 390 37 (85) Foreign currency exchange contracts (a) 50 (35) 268 Cross-currency interest rate swap contracts (780) 127 (272) Total $ (392) $ (521) $ (647) __________ (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 at December 31 were as follows (in millions): 2023 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 $ 16,194 $ 66 $ 645 Cross-currency interest rate swaps 2,078 69 104 3,802 9 139 Derivatives not designated as hedging instruments Interest rate contracts 73,134 465 1,036 76,977 305 845 Foreign currency exchange contracts (a) 10,276 59 116 9,716 271 117 Cross-currency interest rate swap contracts 7,100 119 252 5,455 133 246 Total derivative financial instruments, gross (b) (c) $ 104,707 $ 818 $ 2,141 $ 112,144 $ 784 $ 1,992 __________ (a) Includes forward contracts between us and an affiliated company, including offsetting forward contracts with our consolidated entities, totaling $5.9 billion and $5.3 billion in notional amounts and $46 million and $115 million in both assets and liabilities at December 31, 2023 and 2024, respectively. (b) At December 31, 2023 and 2024, we held collateral of $40 million and $27 million, and we posted collateral of $126 million and $127 million, respectively. (c)

Other Assets and Other Liabil_2

Other Assets and Other Liabilities and Deferred Income (Tables)	12 Months Ended
	Dec. 31, 2024
Other Assets and Other Liabilities and Deferred Income [Abstract]
Schedule of Other Assets and Other Liabilities [Table Text Block]	Other assets at December 31 were as follows (in millions): 2023 2024 Prepaid reinsurance premiums and other reinsurance recoverables $ 818 $ 876 Accrued interest and other non-finance receivables 677 666 Collateral held for resale, at net realizable value 426 392 Property and equipment, net of accumulated depreciation (a) 270 283 Investment in non-consolidated affiliates 167 182 Deferred tax assets 190 178 Restricted cash 137 88 Operating lease assets 53 40 Other 202 350 Total other assets $ 2,940 $ 3,055 __________ (a) Accumulated depreciation was $453 million and $448 million at December 31, 2023 and 2024, respectively. Other liabilities and deferred revenue at December 31 were as follows (in millions): 2023 2024 Interest payable $ 963 $ 1,098 Unearned insurance premiums and fees 930 995 Income tax and related interest (a) 186 131 Payroll and employee benefits 96 86 Operating lease liabilities 55 42 Other 229 275 Total other liabilities and deferred revenue $ 2,459 $ 2,627 __________ (a) Includes tax and interest payable to affiliated companies of $62 million and $9 million at December 31, 2023 and 2024, respectively.

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt outstanding and interest rates at December 31 were as follows (in millions): Interest Rates Debt Average Contractual Average Effective 2023 2024 2023 2024 2023 2024 Short-term debt Unsecured debt Floating rate demand notes $ 10,907 $ 12,040 Other short-term debt 4,593 4,173 Asset-backed debt 3,158 1,200 Total short-term debt 18,658 17,413 5.3 % 4.7 % 5.3 % 4.7 % Long-term debt Unsecured debt Notes payable within one year 11,755 12,871 Notes payable after one year 45,435 49,607 Asset-backed debt Notes payable within one year 18,851 23,050 Notes payable after one year 36,074 36,224 Unamortized (discount)/premium 9 (18) Unamortized issuance costs (237) (235) Fair value adjustments (a) (1,258) (1,044) Total long-term debt 110,629 120,455 4.7 % 4.8 % 4.7 % 4.8 % Total debt $ 129,287 $ 137,868 4.8 % 4.8 % 4.8 % 4.8 % Fair value of debt $ 130,533 $ 140,046 Interest rate characteristics of debt payable after one year Fixed interest rate 64,655 69,085 Variable interest rate (generally based on EURIBOR or other short-term rates) 16,854 16,746 Total payable after one year $ 81,509 $ 85,831 __________ (a)
Schedule of Maturities of Long-term Debt [Table Text Block]	Debt maturities at December 31, 2024 were as follows (in millions): 2025 (a) 2026 2027 2028 2029 Thereafter (b) Total Unsecured debt $ 29,084 $ 12,879 $ 11,467 $ 6,786 $ 6,414 $ 12,061 $ 78,691 Asset-backed debt 24,250 19,491 8,759 5,358 2,616 — 60,474 Total 53,334 32,370 20,226 12,144 9,030 12,061 139,165 Unamortized (discount)/premium (18) Unamortized issuance costs (235) Fair value adjustments (1,044) Total debt $ 137,868 __________ (a) Includes $17,413 million for short-term and $35,921 million for long-term debt. (b) Matures between 2030 and 2034.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Components of Income Taxes Components of income taxes for the years ended December 31 were as follows: 2022 2023 2024 Income before income taxes (in millions) United States $ 1,532 $ 797 $ 773 Non-United States 905 525 881 Total $ 2,437 $ 1,322 $ 1,654 Provision for/(Benefit from) income taxes (in millions) Current Federal $ 81 $ 190 $ (43) Non-United States 31 361 156 State and local 12 10 9 Total current 124 561 122 Deferred Federal (17) 65 239 Non-United States (a) 341 (627) 37 State and local — (1) — Total deferred 324 (563) 276 Total $ 448 $ (2) $ 398 Reconciliation of effective tax rate United States statutory tax rate 21.0 % 21.0 % 21.0 % United States disregarded entities (8.9) 4.8 0.5 Non-United States tax rate differential 0.7 (0.9) 0.2 State and local income taxes 0.4 0.5 0.4 Nontaxable foreign currency gains and losses 4.5 (1.5) (0.7) Dispositions and restructurings (a) — (25.9) — United States tax on non-United States earnings — — 3.6 Prior year settlements and claims 0.8 (0.8) — Other (0.1) 2.6 (0.9) Effective tax rate 18.4 % (0.2) % 24.1 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The components of deferred tax assets and liabilities at December 31 were as follows (in millions): 2023 2024 Deferred tax assets Net operating loss carryforwards $ 490 $ 611 Tax credit carryforwards — 119 Provision for credit losses 139 99 Other foreign 73 111 Employee benefit plans 14 12 Other 54 56 Total gross deferred tax assets 770 1,008 Less: Valuation allowances (42) (45) Total net deferred tax assets 728 963 Deferred tax liabilities Leasing transactions 359 692 Other foreign 510 431 Other 6 26 Total deferred tax liabilities 875 1,149 Net deferred tax liability $ 147 $ 186
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	2023 2024 Beginning balance $ 58 $ 69 Increase - tax positions in prior periods 24 14 Decrease - tax positions in prior periods (15) — Settlements (2) (7) Lapse of statute of limitations (1) (1) Foreign currency translation adjustments 5 (10) Ending balance $ 69 $ 65

Insurance (Tables)

Insurance (Tables)	12 Months Ended
	Dec. 31, 2024
Insurance [Abstract]
Schedule of Insurance Assets [Table Text Block]	Cash, cash equivalents, and marketable securities related to insurance activities at December 31 were as follows (in millions): 2023 2024 Cash and cash equivalents $ 82 $ 85 Marketable securities 649 644 Total cash, cash equivalents, and marketable securities $ 731 $ 729
Schedule of Insurance Underwriting Losses and Expenses [Table Text Block]	The components of insurance expenses for the years ended December 31 were as follows (in millions): 2022 2023 2024 Insurance losses $ 34 $ 90 $ 181 Loss adjustment expenses 2 4 5 Reinsurance income and other expenses, net (40) (41) (40) Insurance expenses $ (4) $ 53 $ 146
Schedule of the Effect of Reinsurance Premiums Written and Earned [Table Text Block]	Insurance premiums written and earned for the years ended December 31 were as follows (in millions): 2022 2023 2024 Written Earned Written Earned Written Earned Direct $ 337 $ 306 $ 394 $ 359 $ 472 $ 415 Assumed — — — — — — Ceded (264) (231) (275) (240) (300) (244) Net premiums $ 73 $ 75 $ 119 $ 119 $ 172 $ 171

Other Income, Net (Tables)

Other Income, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Schedule of Other Income [Table Text Block]	The amounts included in Other income/(loss), net for the years ended December 31 were as follows (in millions): 2022 2023 2024 Interest and investment income (a) 123 545 $ 506 Gains/(losses) on derivatives $ (393) $ 177 (272) Currency revaluation gains/(losses) 419 (216) 114 Gains/(losses) on changes in investments in affiliates (b) (231) — 44 Other 41 8 32 Total other income/(loss), net $ (41) $ 514 $ 424 __________ (a) Includes interest income, primarily on notes receivable, from affiliated companies of $2 million, $2 million, and $3 million for the years ended December 31, 2022, 2023, and 2024, respectively. (b) Includes the reclassification of foreign currency translation net losses of $231 million and net gains of $43 million in 2022 and 2024, respectively, to Other Income/(Loss),net from Accumulated other comprehensive income/(loss) related to the liquidation, or substantially complete liquidation of certain investments in our international markets.

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Key operating data for our business segments for the years ended or at December 31 was as follows (in millions): United States and Canada Europe All Other Total Unallocated Other Total 2022 Total revenue $ 8,189 $ 829 $ 398 $ 9,416 $ — $ 9,416 Total revenue less: Depreciation on vehicles subject to operating leases 2,271 (31) — 2,240 — 2,240 Interest expense 3,035 233 190 3,458 (124) 3,334 Provision for credit losses 10 (10) 39 39 — 39 Other segment items (a) 779 323 307 1,409 (43) 1,366 Income before income taxes 2,094 314 (138) 2,270 167 2,437 Other segment disclosures: Net finance receivables and net investment in operating leases 98,869 18,400 5,065 122,334 — 122,334 Total assets 110,023 22,690 5,863 138,576 — 138,576 2023 Total revenue $ 9,362 $ 1,316 $ 441 $ 11,119 $ — $ 11,119 Total revenue less: Depreciation on vehicles subject to operating leases 2,284 25 — 2,309 — 2,309 Interest expense 5,199 684 242 6,125 186 6,311 Provision for credit losses 237 10 31 278 — 278 Other segment items (a) 528 291 93 912 (13) 899 Income before income taxes 1,114 306 75 1,495 (173) 1,322 Other segment disclosures: Net finance receivables and net investment in operating leases 107,695 20,249 5,211 133,155 — 133,155 Total assets 118,611 24,601 5,993 149,205 — 149,205 2024 Total revenue $ 11,290 $ 1,508 $ 455 $ 13,253 $ — $ 13,253 Total revenue less: Depreciation on vehicles subject to operating leases 2,447 35 — 2,482 — 2,482 Interest expense 6,062 875 258 7,195 388 7,583 Provision for credit losses 333 34 50 417 — 417 Other segment items (a) 988 207 87 1,282 (165) 1,117 Income before income taxes 1,460 357 60 1,877 (223) 1,654 Other segment disclosures: Net finance receivables and net investment in operating leases 118,969 20,469 4,201 143,639 — 143,639 Total assets 129,599 23,993 4,700 158,292 — 158,292 __________ (a) Other items consists of Operating expenses , Insurance expenses , and Other income/(loss), net
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	Key data, split geographically into the United States (which is our country of domicile), Canada, and All Other, for the years ended or at December 31 were as follows (in millions): 2022 2023 2024 Total revenue United States $ 6,929 $ 8,012 $ 9,714 Canada 1,260 1,350 1,577 All Other 1,227 1,757 1,962 Total revenue $ 9,416 $ 11,119 $ 13,253 Net property and net investment in operating leases United States $ 17,558 $ 15,642 $ 16,560 Canada 4,317 4,621 5,048 All Other 179 338 364 Net property and net investment in operating leases $ 22,054 $ 20,601 $ 21,972

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Liability, Maturity	The amounts contractually due on our operating lease liabilities at December 31, 2024 were as follows (in millions): 2025 2026 2027 2028 2029 Thereafter Total Operating lease $ 16 $ 12 $ 9 $ 3 $ 1 $ 7 $ 48 Less: Present value discount 6 Total operating lease liabilities $ 42
Operating Leases, supplemental information	Supplemental information related to operating leases for the years ended December 31 was as follows (in millions): 2022 2023 2024 Operating and variable lease expense $ 22 $ 22 $ 22 Right-of-use assets obtained in exchange for operating lease liabilities 5 5 4 Weighted average remaining lease term for operating leases (in years) 5 5 5 Weighted average remaining discount rate for operating leases 3.9 % 4.1 % 4.3 %

Accounting Policies (Details)

Accounting Policies (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Total shareholder’s interest	$ 13,757	$ 13,389	$ 11,877	$ 12,398

Cash, Cash Equivalents, and M_3

Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash, Cash Equivalents, and Short-term Investments	$ 7,309	$ 8,744
Total cash and cash equivalents	9,272	10,658
Restricted Cash	88	137
Cash, cash equivalents, and restricted cash at beginning of period (Note 3)	9,360	10,795	$ 10,520	$ 11,091
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	1,963	1,914
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	706	789
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	854	912
Marketable securities	185	207
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	400	625
Marketable securities	0	49
Debt Security, Government, Non-US [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	370	276
Marketable securities	79	109
Corporate debt [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	339	101
Marketable securities	252	268
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	$ 190	$ 156

Net Investments in Operating _2

Net Investments in Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property Subject to or Available for Operating Lease [Line Items]
Vehicles, at cost	$ 25,424	$ 24,182
Accumulated depreciation	(3,735)	(3,850)
Net investment in operating leases before allowance for credit losses	21,689	20,332
Net investment in operating leases	21,689	20,332
Operating Leases, Future Minimum Payments Receivable	$ 7,806
Length of lease contract	60 months
Maximum payment extension	six months
Total payment extension	twelve months
Lessor, Operating Lease, Payments to be Received, Next Rolling Twelve Months	$ 3,774
Lessor, Operating Lease, Payment to be Received, Year Two	2,594
Lessor, Operating Lease, Payment to be Received, Year Three	1,181
Lessor, Operating Lease, Payment to be Received, Year Four	243
Lessor, Operating Lease, Payment to be Received, Year Five	14
IncreaseDecreaseInRelatedPartySubventionReceivable, NIOL	152	110	$ 46
Affiliated Entity [Member]
Property Subject to or Available for Operating Lease [Line Items]
Related Party Transaction, Deferred Interest Supplements and Residual Support Payments on Net Investment in Operating Leases	1,900	1,300
Related Party Transaction, Earned Interest Supplements and Residual Support Costs, Net Investment in Operating Lease	1,000	900	1,200
Related Party Transactions, Cash Received and Interest Supplements, Net Investment in Operating Lease	$ 1,600	$ 1,100	$ 700

Finance Receivables Net (Detail

Finance Receivables Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Wholesale Loans Percentage of Dealer Financing	97%
Net Finance Receivables [Abstract]
Finance receivables before unearned interest supplements	$ 8,357	$ 7,793
Sales-type and Direct Financing Leases, Lease Receivable	5,367
Financing Receivable, Gross	122,814	113,705
Allowance for credit losses	(864)	(882)	$ (845)
Finance receivables, net	121,950	112,823
Net finance receivables subject to fair value	114,069	105,476
Related Party Transaction, Dealer Financing	7,100	7,900
Related Party Transaction, Dealer Financing	988	792
Related Party, Interest Income, Finance Receivables	16	19	6
Interest and Fee Income, Other Loans	170	132	63
Related Party Transaction, Interest Income, Purchased Receivables	716	640	333
Related Party Transaction, Earned Interest Supplements, Financing Receivables	2,900	2,300	2,100
Related Party Transactions Cash Received Interest Supplements Financing Receivables	4,300	3,000	1,400
Uncollected interest receivable excluded from finance receivable	$ 336	295
Financing Receivable, Threshold Period Past Due	31 days
Term at Which Fair Value of Finance Receivables is Measured	120 days
Threshold of whether it is probable that finance receivables will be held for the foreseeable future	70%
Financing Receivable, Threshold Period Past Due, Writeoff	120 days
IncreaseDecreaseInRelatedPartySubventionReceivable, Finance Receivable	$ 269	318	130
Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	83,332	78,392
Allowance for credit losses	(860)	(879)	(838)
Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	39,482	35,313
Allowance for credit losses	(4)	(3)	$ (7)
Retail [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Finance receivables before unearned interest supplements	87,930	81,736
Unearned interest supplements from Ford and affiliated companies	(4,598)	(3,344)
Financing Receivable, Gross	83,332	78,392
Wholesale and Dealer Loans [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	37,384	33,377
Other Finance Receivables [Member] | Non-Consumer Segment [Member]
Net Finance Receivables [Abstract]
Financing Receivable, Gross	2,098	1,936
Retail Installment Loans [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Finance receivables before unearned interest supplements	79,573	73,943
Finance Lease [Member]
Net Finance Receivables [Abstract]
Finance receivables, net	7,881	7,347
Finance Lease [Member] | Consumer Segment [Member]
Net Finance Receivables [Abstract]
Sales-type and Direct Financing Leases, Lease Receivable	8,357	7,793
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Net Finance Receivables [Abstract]
Fair value	$ 113,545	$ 103,937

Finance Receivables - Contractu

Finance Receivables - Contractual Maturities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	$ 122,814,000,000	$ 113,705,000,000
Finance receivables before unearned interest supplements	8,357,000,000	7,793,000,000
Financing Receivable, Allowance for Credit Losses, Write-downs	575,000,000	405,000,000
Consumer Segment [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	83,332,000,000	78,392,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,282,000,000	2,424,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	5,604,000,000	7,562,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,542,000,000	11,497,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,513,000,000	20,536,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	36,545,000,000	35,426,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	846,000,000	947,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	71,000,000	75,000,000
Financing Receivable, Allowance for Credit Losses, Write-downs	568,000,000	401,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	46,000,000	47,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	58,000,000	40,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	152,000,000	85,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	191,000,000	117,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	50,000,000	37,000,000
Consumer Segment [Member] | Percent of Total
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	1	1
Consumer Segment [Member] | 31-60 Days Past Due [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	872,000,000	690,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	93,000,000	49,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	104,000,000	130,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	187,000,000	125,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	242,000,000	187,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	203,000,000	159,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	43,000,000	40,000,000
Consumer Segment [Member] | 31-60 Days Past Due [Member] | Percent of Total
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	0.010	0.009
Consumer Segment [Member] | Financing Receivables, 61-120 Days past due [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	225,000,000	195,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	20,000,000	11,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	27,000,000	30,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	46,000,000	37,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	70,000,000	58,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	54,000,000	50,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	8,000,000	9,000,000
Consumer Segment [Member] | Financing Receivables, 61-120 Days past due [Member] | Percent of Total
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	0.003	0.002
Consumer Segment [Member] | Greater Than 120 Days Past Due [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	50,000,000	43,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	7,000,000	4,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	8,000,000	7,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	11,000,000	10,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	12,000,000	10,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	5,000,000	5,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	7,000,000	7,000,000
Consumer Segment [Member] | Greater Than 120 Days Past Due [Member] | Percent of Total
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	0.001	0.001
Consumer Segment [Member] | Total past due [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	1,147,000,000	928,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	120,000,000	64,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	139,000,000	167,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	244,000,000	172,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	324,000,000	255,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	262,000,000	214,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	58,000,000	56,000,000
Consumer Segment [Member] | Total past due [Member] | Percent of Total
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	0.014	0.012
Consumer Segment [Member] | Financial Asset, 1 to 29 Days Past Due [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	82,185,000,000	77,464,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,162,000,000	2,360,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	5,465,000,000	7,395,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,298,000,000	11,325,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,189,000,000	20,281,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	36,283,000,000	35,212,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	788,000,000	891,000,000
Consumer Segment [Member] | Financial Asset, 1 to 29 Days Past Due [Member] | Percent of Total
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	0.986	0.988
Consumer Segment [Member] | Retail [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	83,332,000,000	78,392,000,000
Finance receivables before unearned interest supplements	87,930,000,000	81,736,000,000
Non-Consumer Segment [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	39,482,000,000	35,313,000,000
Financing Receivable, Allowance for Credit Losses, Write-downs	7,000,000	4,000,000
Non-Consumer Segment [Member] | Wholesale and Dealer Loans [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	37,384,000,000	33,377,000,000
Non-Consumer Segment [Member] | Other Finance Receivables [Member]
Finance Receivables Maturity [Abstract]
Financing Receivable, Gross	$ 2,098,000,000	$ 1,936,000,000

Finance Receivables - Aging Ana

Finance Receivables - Aging Analysis (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	$ 122,814	$ 113,705
Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	83,332	78,392
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	846	947
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,282	2,424
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	5,604	7,562
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,542	11,497
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,513	20,536
Financing Receivable, Year One, Originated, Current Fiscal Year	36,545	35,426
Non-Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	39,482	35,313
Financing Receivable, Revolving	36,347	32,262
Non-Consumer Segment [Member] | Dealer Loan
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	283	399
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	63	31
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	102	59
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	48	159
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	260	64
Financing Receivable, Year One, Originated, Current Fiscal Year	281	403
Non-Consumer Segment [Member] | Group I [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	34,298	30,132
Financing Receivable, Revolving	33,345	29,095
Non-Consumer Segment [Member] | Group I [Member] | Dealer Loan
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	270	383
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	63	30
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	97	58
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	47	156
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	231	61
Financing Receivable, Year One, Originated, Current Fiscal Year	245	349
Non-Consumer Segment [Member] | Group II [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	2,570	2,900
Financing Receivable, Revolving	2,494	2,834
Non-Consumer Segment [Member] | Group II [Member] | Dealer Loan
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	13	16
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	3	1
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	1	3
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	28	2
Financing Receivable, Year One, Originated, Current Fiscal Year	31	44
Non-Consumer Segment [Member] | Group III [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	469	301
Financing Receivable, Revolving	462	292
Non-Consumer Segment [Member] | Group III [Member] | Dealer Loan
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	2	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	1	1
Financing Receivable, Year One, Originated, Current Fiscal Year	4	8
Non-Consumer Segment [Member] | Group IV [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	47	44
Financing Receivable, Revolving	46	41
Non-Consumer Segment [Member] | Group IV [Member] | Dealer Loan
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	1
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Year One, Originated, Current Fiscal Year	1	2
Financial Asset, 1 to 29 Days Past Due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	82,185	77,464
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	788	891
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,162	2,360
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	5,465	7,395
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,298	11,325
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,189	20,281
Financing Receivable, Year One, Originated, Current Fiscal Year	36,283	35,212
31-60 Days Past Due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	872	690
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	43	40
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	93	49
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	104	130
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	187	125
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	242	187
Financing Receivable, Year One, Originated, Current Fiscal Year	203	159
Financing Receivables, 61-120 Days past due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	225	195
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	8	9
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	20	11
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	27	30
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	46	37
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	70	58
Financing Receivable, Year One, Originated, Current Fiscal Year	54	50
Greater Than 120 Days Past Due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	50	43
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	7	7
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	7	4
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	8	7
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	11	10
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	12	10
Financing Receivable, Year One, Originated, Current Fiscal Year	5	5
Total past due [Member] | Consumer Segment [Member]
Finance Receivables Aging Analysis [Abstract]
Financing Receivable, Gross	1,147	928
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	58	56
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	120	64
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	139	167
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	244	172
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	324	255
Financing Receivable, Year One, Originated, Current Fiscal Year	$ 262	$ 214

Finance Receivables - Credit Qu

Finance Receivables - Credit Quality and Impaired Receivables (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 122,814,000,000	$ 113,705,000,000
Finance receivables before unearned interest supplements	8,357,000,000	7,793,000,000
Related Party Transaction, Expenses from Transactions with Related Party	(437,000,000)	(408,000,000)
Finance receivables, net	7,881,000,000	7,347,000,000
Sales-type Lease, Interest Income, Unguaranteed Residual Asset	2,883,000,000	2,910,000,000
Deferred Costs, Leasing, Gross	107,000,000	96,000,000
Sales-Type and Direct Financing Lease, Gross	5,367,000,000	4,787,000,000
Sales Type and Direct Financing Lease Revenue	$ 515,000,000	381,000,000	$ 303,000,000
Non-Accrual of Revenue	90
Finance Leases Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Allowance for Credit Loss	$ (39,000,000)	(38,000,000)
Wholesale and Dealer Loans [Member] | Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	8,000,000	33,000,000
Consumer Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	83,332,000,000	78,392,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	846,000,000	947,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,282,000,000	2,424,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	5,604,000,000	7,562,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,542,000,000	11,497,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,513,000,000	20,536,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	36,545,000,000	35,426,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	46,000,000	47,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	58,000,000	40,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	71,000,000	75,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	152,000,000	85,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	191,000,000	117,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	50,000,000	37,000,000
Consumer Segment [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	1	1
Consumer Segment [Member] | 31-60 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	872,000,000	690,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	43,000,000	40,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	93,000,000	49,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	104,000,000	130,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	187,000,000	125,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	242,000,000	187,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	203,000,000	159,000,000
Consumer Segment [Member] | 31-60 Days Past Due [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.010	0.009
Consumer Segment [Member] | Financing Receivables, 61-120 Days past due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	225,000,000	195,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	8,000,000	9,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	20,000,000	11,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	27,000,000	30,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	46,000,000	37,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	70,000,000	58,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	54,000,000	50,000,000
Consumer Segment [Member] | Financing Receivables, 61-120 Days past due [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.003	0.002
Consumer Segment [Member] | Greater Than 120 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	50,000,000	43,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	7,000,000	7,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	7,000,000	4,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	8,000,000	7,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	11,000,000	10,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	12,000,000	10,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	5,000,000	5,000,000
Consumer Segment [Member] | Greater Than 120 Days Past Due [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.001	0.001
Consumer Segment [Member] | Total past due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	1,147,000,000	928,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	58,000,000	56,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	120,000,000	64,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	139,000,000	167,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	244,000,000	172,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	324,000,000	255,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	262,000,000	214,000,000
Consumer Segment [Member] | Total past due [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.014	0.012
Consumer Segment [Member] | Financial Asset, 1 to 29 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	82,185,000,000	77,464,000,000
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	788,000,000	891,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,162,000,000	2,360,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	5,465,000,000	7,395,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12,298,000,000	11,325,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	24,189,000,000	20,281,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	36,283,000,000	35,212,000,000
Consumer Segment [Member] | Financial Asset, 1 to 29 Days Past Due [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 0.986	0.988
Consumer Segment [Member] | Pass [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	60 days
Consumer Segment [Member] | Substandard [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	120 days
Consumer Segment [Member] | Special Mention | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	61 days
Consumer Segment [Member] | Special Mention | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance Receivables Credit Quality Ratings Term Range	120 days
Non-Consumer Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	$ 39,482,000,000	35,313,000,000
Financing Receivable, Revolving	36,347,000,000	32,262,000,000
Financing Receivable, Revolving, Writeoff	6,000,000	3,000,000
Non-Consumer Segment [Member] | Group I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	34,298,000,000	30,132,000,000
Financing Receivable, Revolving	33,345,000,000	29,095,000,000
Non-Consumer Segment [Member] | Group I [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.917	0.903
Non-Consumer Segment [Member] | Group II [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	2,570,000,000	2,900,000,000
Financing Receivable, Revolving	2,494,000,000	2,834,000,000
Non-Consumer Segment [Member] | Group II [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.069	0.087
Non-Consumer Segment [Member] | Group III [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	469,000,000	301,000,000
Financing Receivable, Revolving	462,000,000	292,000,000
Non-Consumer Segment [Member] | Group III [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.013	0.009
Non-Consumer Segment [Member] | Group IV [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	47,000,000	44,000,000
Financing Receivable, Revolving	46,000,000	41,000,000
Non-Consumer Segment [Member] | Group IV [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	0.001	0.001
Non-Consumer Segment [Member] | Dealer Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	283,000,000	399,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	63,000,000	31,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	102,000,000	59,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	48,000,000	159,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	260,000,000	64,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	281,000,000	403,000,000
Financing Receivable Total	1,037,000,000	1,115,000,000
Non-Consumer Segment [Member] | Dealer Loan | Group I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	270,000,000	383,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	63,000,000	30,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	97,000,000	58,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	47,000,000	156,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	231,000,000	61,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	245,000,000	349,000,000
Financing Receivable Total	953,000,000	1,037,000,000
Non-Consumer Segment [Member] | Dealer Loan | Group II [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	13,000,000	16,000,000
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	3,000,000	1,000,000
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	1,000,000	3,000,000
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	28,000,000	2,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	31,000,000	44,000,000
Financing Receivable Total	76,000,000	66,000,000
Non-Consumer Segment [Member] | Dealer Loan | Group III [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	2,000,000	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,000,000	1,000,000
Financing Receivable, Year One, Originated, Current Fiscal Year	4,000,000	8,000,000
Financing Receivable Total	7,000,000	9,000,000
Non-Consumer Segment [Member] | Dealer Loan | Group IV [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	0	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0	1,000,000
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	0	0
Financing Receivable, Year One, Originated, Current Fiscal Year	1,000,000	2,000,000
Financing Receivable Total	1,000,000	3,000,000
Non-Consumer Segment [Member] | Non-Consumer Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	37,384,000,000	33,377,000,000
Non-Consumer Segment [Member] | Non-Consumer Segment [Member] | Percent of Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	1	1
Non-Consumer Segment [Member] | Wholesale and Dealer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivables	37,384,000,000	33,377,000,000
Financing Receivable, Allowance for Credit Loss, Write off	7,000,000	4,000,000
Non-Consumer Segment [Member] | Dealer Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	1,000,000	0
Financing Receivable, Year Five, Originated, Four 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 Three, Originated, Two Years before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	0	0
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	0	1,000,000
Financing Receivable, Allowance for Credit Loss, Write off	$ 1,000,000	$ 1,000,000

Finance Leases (Details)

Finance Leases (Details) $ in Millions	Dec. 31, 2024 USD ($)
Receivables [Abstract]
Sales-type and Direct Financing Leases, Lease Receivable, Undiscounted Excess Amount	$ 478
Sales-type and Direct Financing Leases, Lease Receivable	5,367
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year One	1,848
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Two	1,658
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Three	1,345
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Four	868
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Five	122
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received	5,845
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	6
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, after Year Five	$ 4
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lessor, Sales-type Lease, Term of Contract	24 months
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lessor, Sales-type Lease, Term of Contract	60 months

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Finance receivables, net	$ 121,950	$ 112,823
Financing Receivable, Allowance for Credit Loss	864	882	$ 845
Charge-offs	(575)	(405)
Recoveries	163	153
Provision for credit losses	417	278
Other	(23)	11
Financing Receivable, Gross	122,814	113,705
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	$ 18
Financing Receivable, Threshold Period Past Due, Writeoff	120 days
Consumer Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss	$ 860	879	838
Charge-offs	(568)	(401)
Recoveries	160	151
Provision for credit losses	412	280
Other	(23)	11
Financing Receivable, Gross	83,332	78,392
Non-Consumer Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Loss	4	3	$ 7
Charge-offs	(7)	(4)
Recoveries	3	2
Provision for credit losses	5	(2)
Other	0	0
Financing Receivable, Gross	$ 39,482	$ 35,313

Transfers of Receivables - Asse

Transfers of Receivables - Assets and Liabilities of Securitizations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 9,272,000,000	$ 10,658,000,000
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	143,639,000,000	133,155,000,000	$ 122,334,000,000
Debt	137,868,000,000	129,287,000,000
Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	2,494,000,000	2,298,000,000
Debt	$ 50,855,000,000	48,177,000,000
Cash Collateral to Support Wholesale Transactions	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, Mexico, 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. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) A VIE is an entity that either (i) has insufficient equity to finance its activities without additional subordinated financial support, or (ii) has equity investors who lack the characteristics of a controlling financial interest. We consolidate VIEs of which we are the primary beneficiary. We consider ourselves the primary beneficiary of a VIE when we have both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. Assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims against our general assets. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on our general assets; rather, they represent claims against the specific assets of the consolidated VIEs. 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. The transactions create and pass along risks to the variable interest holders, depending on the assets securing the debt and the specific terms of the transactions. We aggregate and analyze the asset-backed securitization transactions based on the risk profile of the product and the type of funding structure, including: • Retail financing – consumer credit risk and pre-payment risk; • Wholesale financing – dealer credit risk and Ford risk, as the receivables owned by the VIEs primarily arise from the financing provided by us to Ford-franchised dealers; therefore, the collections depend upon the sale of Ford vehicles; and • Net investment in operating leases – vehicle residual value risk, consumer credit risk, and pre-payment risk. As residual interest holder, we are exposed to the underlying residual and credit risk of the collateral and are exposed to interest rate risk in some transactions. The amount of risk absorbed by our residual interests generally is represented by and limited to the amount of overcollateralization of the assets securing the debt and any cash reserves. We have no obligation to repurchase or replace any securitized asset that subsequently becomes delinquent in payment or otherwise is in default, except when representations and warranties about the eligibility of the securitized assets are breached, or when certain changes are made to the underlying asset contracts. Securitization investors have no recourse to us or our other assets 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 choose to support the performance of certain securitization transactions, however, by increasing cash reserves. Although not contractually required, we regularly support our wholesale securitization programs by repurchasing receivables of a dealer from a VIE when the dealer’s performance is at risk, which transfers the corresponding risk of loss from the VIE to us. In order to continue to fund the wholesale receivables, we also may contribute additional cash or wholesale receivables if the collateral falls below the required levels. The balance of cash related to these contributions was zero at both December 31, 2023 and 2024, and ranged from zero to $41 million during 2023 and was zero for all of 2024. NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued) Most of these securitization transactions utilize VIEs. The following tables show the assets and debt related to our securitization transactions that were included in our consolidated financial statements at December 31 (in billions): 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) 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 $ 37.0 $ (0.3) $ 36.7 $ 31.6 Wholesale financing 0.3 24.0 — 24.0 10.8 Finance receivables 2.0 61.0 (0.3) 60.7 42.4 Net investment in operating leases 0.5 13.3 — 13.3 8.5 Total VIE $ 2.5 $ 74.3 $ (0.3) $ 74.0 $ 50.9 Non-VIE Retail financing $ 0.5 $ 10.6 $ (0.1) $ 10.5 $ 9.3 Wholesale financing — 0.4 — 0.4 0.2 Finance receivables 0.5 11.0 (0.1) 10.9 9.5 Net investment in operating leases — — — — — Total Non-VIE $ 0.5 $ 11.0 $ (0.1) $ 10.9 $ 9.5 Total securitization transactions Retail financing $ 2.2 $ 47.6 $ (0.4) $ 47.2 $ 40.9 Wholesale financing 0.3 24.4 — 24.4 11.0 Finance receivables 2.5 72.0 (0.4) 71.6 51.9 Net investment in operating leases 0.5 13.3 — 13.3 8.5 Total securitization transactions $ 3.0 $ 85.3 $ (0.4) $ 84.9 $ 60.4 __________ (a) Unearned interest supplements and residual support are excluded from securitization transactions. (b) Includes assets to be used to settle the liabilities of the consolidated VIEs. (c) Includes unamortized discount and debt issuance costs. Interest expense related to securitization debt for the years ended December 31 was as follows (in millions): 2022 2023 2024 VIE $ 1,009 $ 1,872 $ 2,165 Non-VIE 267 591 610 Total securitization transactions $ 1,276 $ 2,463 $ 2,775 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. Our exposures based on the fair value of derivative instruments with external counterparties related to securitization programs at December 31 were as follows (in millions): 2023 2024 Derivative Derivative Derivative Derivative Derivatives of the VIEs $ 90 $ 45 $ 34 $ 100 Derivatives related to the VIEs 7 48 29 32 Other securitization related derivatives 90 29 39 27 Total exposures related to securitization $ 187 $ 122 $ 102 $ 159 Derivative expense/(income) related to our securitization transactions for the years ended December 31 was as follows (in millions): 2022 2023 2024 Derivatives of the VIEs $ (327) $ 25 $ 14 Derivatives related to the VIEs 120 (38) 12 Other securitization related derivatives (259) (26) (82) Total derivative expense/(income) related to securitization $ (466) $ (39) $ (56)
Cash Contribution Collateral to Support Wholesale Securitization Program	$ 0
Cash Collateral to Support Wholesale Transactions	0
Variable Interest Entity, Primary Beneficiary [Member] | Maximum [Member]
Securitization Transactions [Line Items]
Cash Contribution Collateral to Support Wholesale Securitization Program		41,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Minimum [Member]
Securitization Transactions [Line Items]
Cash Contribution Collateral to Support Wholesale Securitization Program		0
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	2,500,000,000	2,300,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	74,300,000,000	67,700,000,000
Financing and Loans and Leases Receivable Allowance	(300,000,000)	(400,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	74,000,000,000	67,300,000,000
Debt	50,900,000,000	48,200,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	1,700,000,000	1,600,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	37,000,000,000	35,700,000,000
Financing and Loans and Leases Receivable Allowance	(300,000,000)	(400,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	36,700,000,000	35,300,000,000
Debt	31,600,000,000	29,100,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	300,000,000	200,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	24,000,000,000	20,800,000,000
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	24,000,000,000	20,800,000,000
Debt	10,800,000,000	11,600,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	2,000,000,000	1,800,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	61,000,000,000	56,500,000,000
Financing and Loans and Leases Receivable Allowance	(300,000,000)	(400,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	60,700,000,000	56,100,000,000
Debt	42,400,000,000	40,700,000,000
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	500,000,000	500,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	13,300,000,000	11,200,000,000
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	13,300,000,000	11,200,000,000
Debt	8,500,000,000	7,500,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,000,000,000	10,800,000,000
Financing and Loans and Leases Receivable Allowance	(100,000,000)	(100,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	10,900,000,000	10,700,000,000
Debt	9,500,000,000	9,800,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	10,600,000,000	10,300,000,000
Financing and Loans and Leases Receivable Allowance	(100,000,000)	(100,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	10,500,000,000	10,200,000,000
Debt	9,300,000,000	9,400,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	0	0
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	400,000,000	500,000,000
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	400,000,000	500,000,000
Debt	200,000,000	400,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	500,000,000	400,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	11,000,000,000	10,800,000,000
Financing and Loans and Leases Receivable Allowance	(100,000,000)	(100,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	10,900,000,000	10,700,000,000
Debt	9,500,000,000	9,800,000,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	0	0
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	0	0
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	0	0
Debt	0	0
Consolidated Entities [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	3,000,000,000	2,700,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	85,300,000,000	78,500,000,000
Financing and Loans and Leases Receivable Allowance	(400,000,000)	(500,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	84,900,000,000	78,000,000,000
Debt	60,400,000,000	58,000,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Retail [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	2,200,000,000	2,000,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	47,600,000,000	46,000,000,000
Financing and Loans and Leases Receivable Allowance	(400,000,000)	(500,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	47,200,000,000	45,500,000,000
Debt	40,900,000,000	38,500,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Wholesale [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	300,000,000	200,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	24,400,000,000	21,300,000,000
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	24,400,000,000	21,300,000,000
Debt	11,000,000,000	12,000,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Financing Receivable [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	2,500,000,000	2,200,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	72,000,000,000	67,300,000,000
Financing and Loans and Leases Receivable Allowance	(400,000,000)	(500,000,000)
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	71,600,000,000	66,800,000,000
Debt	51,900,000,000	50,500,000,000
Consolidated Entities [Member] | Securitization Transactions [Member] | Net Investment in Operating Leases [Member]
Securitization Transactions [Line Items]
Cash and Cash Equivalents, at Carrying Value	500,000,000	500,000,000
Finance Receivables and Net Investment in Operating Leases, Before Allowance for Credit Losses	13,300,000,000	11,200,000,000
Financing and Loans and Leases Receivable Allowance	0	0
Finance Receivables and Net Investment In Operating Leases, After Allowance for Credit Losses	13,300,000,000	11,200,000,000
Debt	$ 8,500,000,000	$ 7,500,000,000

Transfers of Receivables - Expo

Transfers of Receivables - Exposure Based on Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Securitization Transactions [Line Items]
Fair Value of Derivative Assets	$ 784	$ 818
Fair Value of Derivative Liabilities	1,992	2,141
Securitization Transactions [Member]
Securitization Transactions [Line Items]
Fair Value of Derivative Assets	102	187
Fair Value of Derivative Liabilities	159	122
Related to Variable Interest Entity - Not VIE [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Fair Value of Derivative Assets	29	7
Fair Value of Derivative Liabilities	32	48
Other, Not Variable Interest Entity Related [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Fair Value of Derivative Assets	39	90
Fair Value of Derivative Liabilities	27	29
Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Fair Value of Derivative Assets	34	90
Fair Value of Derivative Liabilities	100	45
Variable Interest Entity, Primary Beneficiary [Member] | Securitization Transactions [Member]
Securitization Transactions [Line Items]
Fair Value of Derivative Assets	34	90
Fair Value of Derivative Liabilities	$ 100	$ 45

Transfers of Receivables - Deri

Transfers of Receivables - Derivative Income and Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative expense/(income) related to securitization transactions [Abstract]
Derivative expense/(income)	$ 647	$ 521	$ 392
Securitization Transactions [Member]
Derivative expense/(income) related to securitization transactions [Abstract]
Derivative expense/(income)	(56)	(39)	(466)
Securitization Transactions [Member] | Related to Variable Interest Entity - Not VIE [Member]
Derivative expense/(income) related to securitization transactions [Abstract]
Derivative expense/(income)	12	(38)	120
Securitization Transactions [Member] | Other, Not Variable Interest Entity Related [Member]
Derivative expense/(income) related to securitization transactions [Abstract]
Derivative expense/(income)	(82)	(26)	(259)
Securitization Transactions [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Derivative expense/(income) related to securitization transactions [Abstract]
Derivative expense/(income)	$ 14	$ 25	$ (327)

Transfers of Receivables - Inte

Transfers of Receivables - Interest Expense on Securitization Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Securitization Transactions [Line Items]
Interest expense	$ 7,583	$ 6,311	$ 3,334
Securitization Transactions [Member]
Securitization Transactions [Line Items]
Interest expense	2,775	2,463	1,276
Securitization Transactions [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Securitization Transactions [Line Items]
Interest expense	610	591	267
Securitization Transactions [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Securitization Transactions [Line Items]
Interest expense	$ 2,165	$ 1,872	$ 1,009

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	$ (647)	$ (521)	$ (392)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	784	818
Fair Value of Derivative Liabilities	1,992	2,141
Derivative, Collateral, Obligation to Return Cash	27	40
Derivative, Collateral, Right to Reclaim Cash	127	126
Derivative Asset, Not Offset, Policy Election Deduction	450	516
Derivative, Notional Amount	112,144	104,707
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	(85)	37	390
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	76,977	73,134
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	(361)	(507)	(45)
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(220)	196	(1,875)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	182	(260)	1,893
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	16,194	12,119
Interest Rate Contract [Member] | Currency Swap [Member] | Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Net interest settlements and accruals excluded from the assessment of hedge effectiveness	(133)	(79)	(27)
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(134)	96	(111)
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	108	(96)	113
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Income Effect of Derivative Financial Instruments [Abstract]
Derivative, Gain (Loss) on Derivative, Net	268	(35)	50
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	9,716	10,276
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Affiliated Entity [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	5,300	5,900
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	(272)	127	$ (780)
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	5,455	7,100
Cross Currency Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Derivative, Notional Amount	3,802	2,078
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	305	465
Fair Value of Derivative Liabilities	845	1,036
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | Affiliated Entity [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	115	46
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	66	106
Fair Value of Derivative Liabilities	645	633
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	271	59
Fair Value of Derivative Liabilities	117	116
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	133	119
Fair Value of Derivative Liabilities	246	252
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Balance Sheet Effect of Derivative Financial Instruments [Abstract]
Fair Value of Derivative Assets	9	69
Fair Value of Derivative Liabilities	$ 139	$ 104

Other Assets and Other Liabil_3

Other Assets and Other Liabilities and Deferred Income (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Assets [Abstract]
Accrued interest and other non-finance receivables	$ 666	$ 677
Collateral held for resale, at net realizable value, and other inventory	392	426
Prepaid reinsurance premiums and other reinsurance recoverables	876	818
Deferred charges - income taxes	178	190
Property and equipment, net of accumulated depreciation	283	270
Restricted cash	88	137
Investment in non-consolidated affiliates	182	167
Operating Lease, Right-of-Use Asset	40	53
Other	350	202
Total other assets	3,055	2,940
Accumulated depreciation	448	453
Other Liabilities and Deferred Income [Abstract]
Unearned insurance premiums and fees	995	930
Interest payable	1,098	963
Taxes Payable	131	186
Employee-related Liabilities	86	96
Operating Lease, Liability	42	55
Other	275	229
Other liabilities and deferred income	2,627	2,459
Related Party Transactions Income Taxes and Related Interest Payable	$ 9	$ 62
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total other assets	Total other assets
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities and deferred income	Other liabilities and deferred income

Debt (Details)

Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total short-term debt	$ 17,413,000,000	$ 18,658,000,000
Notes payable after one year	85,831,000,000	81,509,000,000
Unamortized discount	(18,000,000)	9,000,000
Unamortized debt issuance costs	(235,000,000)	(237,000,000)
Fair value adjustments	(1,044,000,000)	(1,258,000,000)
Total long-term debt	120,455,000,000	110,629,000,000
Debt	137,868,000,000	129,287,000,000
Debt Carrying Value Fair Value	$ 41,100,000,000	$ 38,700,000,000
Average Contractual (interest rate)	4.80%	4.80%
Average Effective (interest rate)	4.80%	4.80%
Fair value of short-term debt	$ 16,200,000,000	$ 15,500,000,000
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	7,000,000,000	5,800,000,000	$ 3,200,000,000
Discontinued Hedged Debt	(450,000,000)	(681,000,000)
Accounts Payable And Due To Affiliated Entities	1,684,000,000	1,592,000,000
Fixed Interest Rate [Member]
Debt Instrument [Line Items]
Notes payable after one year	69,085,000,000	64,655,000,000
Variable Interest Rate [Member]
Debt Instrument [Line Items]
Notes payable after one year	16,746,000,000	16,854,000,000
Floating Rate Demand Notes [Member]
Debt Instrument [Line Items]
Total short-term debt	12,040,000,000	10,907,000,000
Other short-term debt [Member]
Debt Instrument [Line Items]
Total short-term debt	4,173,000,000	4,593,000,000
Asset-backed Securities [Member]
Debt Instrument [Line Items]
Total short-term debt	1,200,000,000	3,158,000,000
Notes payable within one year	23,050,000,000	18,851,000,000
Notes payable after one year	36,224,000,000	$ 36,074,000,000
Debt	$ 60,474,000,000
Total short-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	4.70%	5.30%
Average Effective (interest rate)	4.70%	5.30%
Unsecured Debt [Member]
Debt Instrument [Line Items]
Notes payable within one year	$ 12,871,000,000	$ 11,755,000,000
Notes payable after one year	49,607,000,000	$ 45,435,000,000
Debt	$ 78,691,000,000
Total long-term debt [Member]
Debt Instrument [Line Items]
Average Contractual (interest rate)	4.80%	4.70%
Average Effective (interest rate)	4.80%	4.70%
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member]
Debt Instrument [Line Items]
Fair value of debt	$ 140,046,000,000	$ 130,533,000,000
Affiliated Entity [Member]
Debt Instrument [Line Items]
Accounts Payable	723,000,000	693,000,000
Accounts and Financing Receivable, after Allowance for Credit Loss	$ 836,000,000	$ 845,000,000

Debt Maturities (Details)

Debt Maturities (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Debt Maturities [Abstract]
2019	$ 53,334,000,000
2020	32,370,000,000
2021	20,226,000,000
2022	12,144,000,000
2023	9,030,000,000
Thereafter	12,061,000,000
DebtAndCapitalLeaseObligationTotal	139,165,000,000
Debt	137,868,000,000	$ 129,287,000,000
Total unamortized discount	(18,000,000)	9,000,000
Unamortized debt issuance costs	(235,000,000)	(237,000,000)
Total fair value adjustments	(1,044,000,000)	$ (1,258,000,000)
Unsecured Debt [Member]
Debt Maturities [Abstract]
2019	29,084,000,000
2020	12,879,000,000
2021	11,467,000,000
2022	6,786,000,000
2023	6,414,000,000
Thereafter	12,061,000,000
Debt	78,691,000,000
Asset-backed Securities [Member]
Debt Maturities [Abstract]
2019	24,250,000,000
2020	19,491,000,000
2021	8,759,000,000
2022	5,358,000,000
2023	2,616,000,000
Thereafter	0
Debt	60,474,000,000
Short-term debt [Member]
Debt Maturities [Abstract]
2019	17,413,000,000
Long-term debt [Member]
Debt Maturities [Abstract]
2019	$ 35,921,000,000

Debt - Credit Facilities and Co

Debt - Credit Facilities and Committed Liquidity Programs (Details) € in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2024 GBP (£)	Dec. 31, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Schedule Of Debt [Line Items]
ABS Liquidity	$ 360,000,000		€ 346
Discontinued Hedged Debt	(450,000,000)			$ (681,000,000)
Debt	137,868,000,000			$ 129,287,000,000
FCE Bank plc Liquidity	250,000,000	£ 199,000,000
Asset-Backed Capacity In Excess of Receivables	100,000,000
Unsecured Debt [Member]
Schedule Of Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,700,000,000
Borrowing availability	1,200,000,000
Syndicated Credit Facility [Member] | FCE Bank plc [Member]
Schedule Of Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | £		685
Borrowing availability	452,000,000	£ 361,000,000
Syndicated Credit Facility [Member] | Ford Bank [Member] [Member]
Schedule Of Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	219,000,000		€ 210
Contractually Committed Liquidity Facilities [Member]
Schedule Of Debt [Line Items]
Commitment To Sell Commercial Paper Conduits Maximum	42,900,000,000
Debt	25,600,000,000
Operating Lease [Member] | Contractually Committed Liquidity Facilities [Member]
Schedule Of Debt [Line Items]
Commitment To Sell Commercial Paper Conduits Maximum	10,400,000,000
Retail [Member] | Contractually Committed Liquidity Facilities [Member]
Schedule Of Debt [Line Items]
Commitment To Sell Commercial Paper Conduits Maximum	24,500,000,000
Wholesale [Member] | Contractually Committed Liquidity Facilities [Member]
Schedule Of Debt [Line Items]
Commitment To Sell Commercial Paper Conduits Maximum	$ 8,000,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Components of Income Taxes Components of income taxes for the years ended December 31 were as follows: 2022 2023 2024 Income before income taxes (in millions) United States $ 1,532 $ 797 $ 773 Non-United States 905 525 881 Total $ 2,437 $ 1,322 $ 1,654 Provision for/(Benefit from) income taxes (in millions) Current Federal $ 81 $ 190 $ (43) Non-United States 31 361 156 State and local 12 10 9 Total current 124 561 122 Deferred Federal (17) 65 239 Non-United States (a) 341 (627) 37 State and local — (1) — Total deferred 324 (563) 276 Total $ 448 $ (2) $ 398 Reconciliation of effective tax rate United States statutory tax rate 21.0 % 21.0 % 21.0 % United States disregarded entities (8.9) 4.8 0.5 Non-United States tax rate differential 0.7 (0.9) 0.2 State and local income taxes 0.4 0.5 0.4 Nontaxable foreign currency gains and losses 4.5 (1.5) (0.7) Dispositions and restructurings (a) — (25.9) — United States tax on non-United States earnings — — 3.6 Prior year settlements and claims 0.8 (0.8) — Other (0.1) 2.6 (0.9) Effective tax rate 18.4 % (0.2) % 24.1 %
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
United States statutory tax rate	21%	21%	21%
Effective Income Tax Rate Reconciliation, Dispositions and Restructurings, Dollar Amount	$ 343
Effective Income Tax Rate Reconciliation, Disregarded United States tax entities not include in the calculation of the Provision for/(Benefit from) income taxes, Percent	0.50%	4.80%	(8.90%)
Effective Income Tax Rate Reconciliation, Dispositions and Restructurings	0%	(25.90%)	0%
Non-U.S. tax rates under U.S. rate	0.20%	(0.90%)	0.70%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent	(0.70%)	(1.50%)	4.50%
State and local income taxes	0.40%	0.50%	0.40%
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Percent	0%	(0.80%)	0.80%
Other	(0.90%)	2.60%	(0.10%)
Effective tax rate	24.10%	(0.20%)	18.40%
Undistributed Foreign Earnings, Deferred Taxes Not Provided	$ 4,800
Deferred tax assets [Abstract]
Net operating loss carryforwards	611	$ 490
Deferred Tax Assets, Tax Credit Carryforwards	119	0
Provision for credit losses	99	139
Other foreign	111	73
Employee benefit plans	12	14
Other	56	54
Total gross deferred tax assets	1,008	770
Less: valuation allowance	(45)	(42)
Total net deferred tax assets	963	728
Deferred tax liabilities [Abstract]
Leasing transactions	692	359
Other foreign	431	510
Other	26	6
Total deferred tax liabilities	1,149	875
Net deferred tax liability	186	147
Operating Loss Carryforwards	2,200
Net operating loss carryforwards	611	490
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance at January 1	69	58
Increase - tax positions in prior years	14	24
Decrease - tax positions in prior years	0	(15)
Settlements	(7)	(2)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(1)	(1)
Unrecognized Tax Benefits, Increase Resulting from Foreign Currency Translation	(10)
Balance at December 31	65	69	$ 58
Unrecognized Tax Benefits Interest Income		12
Income Taxes Paid	166	248	416
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation		5
Unrecognized Tax Benefits Interest Expense	3		1
Income Tax Contingency [Line Items]
Income before income taxes	1,654	1,322	2,437
Federal	(43)	190	81
Non-United States	156	361	31
State and local	9	10	12
Current Income Tax Expense (Benefit)	122	561	124
Unrecognized Tax Benefits	65	69	$ 58
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	65	69
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	$ (23)	$ (24)
Effective Income Tax Rate Reconciliation Foreign Operations Taxed in United States	3.60%	0%	0%
Federal	$ 239	$ 65	$ (17)
Non-United States (a)	37	(627)	341
State and local		(1)
Deferred Income Tax Expense (Benefit)	276	(563)	324
Provision for income taxes	398	(2)	448
Non U.S. [member]
Income Tax Contingency [Line Items]
Income before income taxes	881	525	905
United States [member]
Income Tax Contingency [Line Items]
Income before income taxes	$ 773	$ 797	$ 1,532

Insurance (Details)

Insurance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statutory Accounting Practices [Line Items]
Cash and cash equivalents	$ 85	$ 82
Marketable securities	644	649
Total cash, cash equivalents, and marketable securities	729	731
Assets Held by Insurance Regulators	11	10
Prepaid reinsurance premiums and other reinsurance recoverables	876	818
Related party transaction, prepaid reinsurance premiums and other reinsurance recoverables	98	98
Earned insurance premiums	259	249	$ 241
Insurance loss and loss adjustment expenses	224	161	107
Liability for reported insurance claims and estimate of unreported claims	35	26
Unearned insurance premiums and fees	995	930
Related Party Transactions Unearned Premiums and Fees	863	808
Premiums Written and Earned [Abstract]
Direct premiums written	472	394	337
Assumed premiums written	0	0	0
Ceded premiums written	(300)	(275)	(264)
Net premiums written	172	119	73
Direct premiums earned	415	359	306
Assumed premiums earned	0	0	0
Ceded premiums earned	(244)	(240)	(231)
Premiums Earned, Net	171	119	75
Insurance Expenses [Abstract]
Insurance losses	181	90	34
Loss adjustment expenses	5	4	2
Reinsurance Income and Other Expenses, Net	(40)	(41)	(40)
Insurance expenses	146	53	(4)
Liability for reported insurance claims and estimate of unreported claims	35	26
Ceded insurance expenses	$ 233	$ 198	$ 156

Restructuring and Related Activ

Restructuring and Related Activities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Total shareholder’s interest	$ 13,757	$ 13,389	$ 11,877	$ 12,398

Other Income, Net (Details)

Other Income, Net (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Component of Other Income, Nonoperating [Line Items]
Gains/(Losses) on derivatives		$ (272,000,000)	$ 177,000,000	$ (393,000,000)
Currency revaluation gains/(losses)		114,000,000	(216,000,000)	419,000,000
Interest and investment income		506,000,000	545,000,000	123,000,000
Other		32,000,000	8,000,000	41,000,000
Total other income, net		424,000,000	514,000,000	(41,000,000)
Gain (Loss) on Investments		$ 44,000,000	0	(231,000,000)
Derivative, gain (loss), statement of income or comprehensive income, extensible enumeration		Total other income, net
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	$ 231	$ 43,000,000
Affiliated Entity [Member]
Component of Other Income, Nonoperating [Line Items]
Related Party Transaction, Interest Income, Notes Receivable, Tax Sharing Agreement		$ 3,000,000	$ 2,000,000	$ 2,000,000

Retirement Benefits (Details)

Retirement Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Allocated Service Cost	$ 28	$ 41	$ 54
Defined Contribution Plan, Cost	11	10	9
Other Postretirement Benefits Cost (Reversal of Cost)	$ 1	$ 2	$ 3

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 13,253	$ 11,119	$ 9,416
Income before income taxes	1,654	1,322	2,437
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	(2,482)	(2,309)	(2,240)
Interest expense	7,583	6,311	3,334
Financing Receivable, Credit Loss, Expense (Reversal)	417	278	39
Segment Reporting, Other Segment Item, Amount	1,117	899	1,366
Net finance receivables and net investment in operating leases	143,639	133,155	122,334
Total assets	158,292	149,205	138,576
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	13,253	11,119	9,416
Income before income taxes	1,877	1,495	2,270
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	(2,482)	(2,309)	(2,240)
Interest expense	7,195	6,125	3,458
Financing Receivable, Credit Loss, Expense (Reversal)	417	278	39
Segment Reporting, Other Segment Item, Amount	1,282	912	1,409
Net finance receivables and net investment in operating leases	143,639	133,155	122,334
Total assets	158,292	149,205	138,576
Operating Segments [Member] | Americas [Member]
Segment Reporting Information [Line Items]
Total revenue	11,290	9,362	8,189
Income before income taxes	1,460	1,114	2,094
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	(2,447)	(2,284)	(2,271)
Interest expense	6,062	5,199	3,035
Financing Receivable, Credit Loss, Expense (Reversal)	333	237	10
Segment Reporting, Other Segment Item, Amount	988	528	779
Net finance receivables and net investment in operating leases	118,969	107,695	98,869
Total assets	129,599	118,611	110,023
Operating Segments [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Total revenue	1,508	1,316	829
Income before income taxes	357	306	314
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	(35)	(25)	(31)
Interest expense	875	684	233
Financing Receivable, Credit Loss, Expense (Reversal)	34	10	(10)
Segment Reporting, Other Segment Item, Amount	207	291	323
Net finance receivables and net investment in operating leases	20,469	20,249	18,400
Total assets	23,993	24,601	22,690
Operating Segments [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Total revenue	455	441	398
Income before income taxes	60	75	(138)
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0
Interest expense	258	242	190
Financing Receivable, Credit Loss, Expense (Reversal)	50	31	39
Segment Reporting, Other Segment Item, Amount	87	93	307
Net finance receivables and net investment in operating leases	4,201	5,211	5,065
Total assets	4,700	5,993	5,863
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]
Segment Reporting Information [Line Items]
Total revenue	0	0	0
Income before income taxes	(223)	(173)	167
Other disclosures [Abstract]
Depreciation on vehicles subject to operating leases	0	0	0
Interest expense	388	186	(124)
Financing Receivable, Credit Loss, Expense (Reversal)	0	0	0
Segment Reporting, Other Segment Item, Amount	(165)	(13)	(43)
Net finance receivables and net investment in operating leases	0	0	0
Total assets	$ 0	$ 0	$ 0

Geographic Information (Details

Geographic Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 13,253	$ 11,119	$ 9,416
Net property and net investment in operating leases	21,972	20,601	22,054
United States [member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	9,714	8,012	6,929
Net property and net investment in operating leases	16,560	15,642	17,558
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	1,577	1,350	1,260
Net property and net investment in operating leases	5,048	4,621	4,317
All Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	1,962	1,757	1,227
Net property and net investment in operating leases	$ 364	$ 338	$ 179

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Guarantor Obligations, Current Carrying Value	$ 0	$ 0
Lessee, Operating Lease, Liability, to be Paid, Year One	16
Lessee, Operating Lease, Liability, to be Paid, Year Two	12
Lessee, Operating Lease, Liability, to be Paid, Year Three	9
Lessee, Operating Lease, Liability, to be Paid, Year Four	3
Lessee, Operating Lease, Liability, to be Paid, Year Five	1
Lessee, Operating Lease, Liability, to be Paid, after Year Five	7
Lessee, operating lease, liability to be paid	48
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	6
Operating Lease, Liability	$ 42	$ 55
Operating Lease, Weighted Average Discount Rate, Percent	4.30%	4.10%	3.90%
Operating Lease, Weighted Average Remaining Lease Term	5 years	5 years	5 years
Operating Lease, Expense	$ 22	$ 22	$ 22
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 4	5	$ 5
Operating Leases, supplemental information	Supplemental information related to operating leases for the years ended December 31 was as follows (in millions): 2022 2023 2024 Operating and variable lease expense $ 22 $ 22 $ 22 Right-of-use assets obtained in exchange for operating lease liabilities 5 5 4 Weighted average remaining lease term for operating leases (in years) 5 5 5 Weighted average remaining discount rate for operating leases 3.9 % 4.1 % 4.3 %
Operating Lease Liability [Member]
Guarantor Obligations [Line Items]
Operating Lease, Liability	$ 42
Financial Guarantee [Member]
Guarantor Obligations [Line Items]
Maximum potential payments	61	90
Counter Guarantee [Member] | Ford Motor Company [Member]
Guarantor Obligations [Line Items]
Counter guarantee	$ 15	$ 48
Minimum [Member]
Guarantor Obligations [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum [Member]
Guarantor Obligations [Line Items]
Lessee, Operating Lease, Term of Contract	26 years
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract	26 years