Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2011

Compensation and Retirement Disclosure [Abstract]

Transfer of liabilities and assets related to the United Auto Workers retirement benefits [Table Text Block]

A summary of the transaction and related net loss is as follows (in billions):

	December 31, 2009
Liabilities Transferred
UAW postretirement health care obligation	$	13.6
Plan Assets	(3.5		)
Net liability transferred	10.1
Assets Transferred
Cash	(2.5		)
New Notes A and B (a) (b)	(7.0		)
Warrants (a)	(1.2		)
TAA (c)	(0.6		)
Net assets transferred (excluding Plan Assets)	(11.3		)
Deferred gain/Other (d)	0.9
Net loss at settlement	$	(0.3	)

_______

(a) Assets shown at fair value after giving effect to cash payments made on December 31, 2009 of $2.5 billion.

(b) Prepaid in full during 2010.

(c) Includes primarily $591 million of marketable securities and $25 million of cash equivalents.  

(d) We previously recorded an actuarial gain of $4.7 billion on August 29, 2008, the effective date of the Settlement Agreement.  The gain offset pre-existing actuarial losses.

Schedule of defined benefit plans expense [Table Text Block]

The measurement date for all of our worldwide postretirement benefit plans is December 31.  The expense for our defined benefit pension and OPEB plans was as follows (in millions):

	Pension Benefits (a)
	U.S. Plans									Non-U.S. Plans									Worldwide OPEB
	2011			2010			2009			2011			2010			2009			2011			2010			2009
Service cost	$	467		$	376		$	343		$	327		$	314		$	293		$	63		$	54		$	408
Interest cost	2,374			2,530			2,698			1,227			1,249			1,253			327			338			899
Expected return on assets	(3,028		)	(3,172		)	(3,288		)	(1,404		)	(1,337		)	(1,309		)	—			—			(130		)
Amortization of:
Prior service costs/(credits)	343			370			374			72			75			83			(612		)	(617		)	(913		)
(Gains)/Losses and Other	186			12			8			333			246			158			94			96			82
Separation programs	9			6			12			138			26			176			10			1			2
(Gains)/Losses from curtailments and settlements	—			—			—			111			—			47			(26		)	(30		)	244
Net expense/(income)	$	351		$	122		$	147		$	804		$	573		$	701		$	(144	)	$	(158	)	$	592

_______

(a) Includes Volvo for 2009 – 2010.

Roll-forward of fair value of benefit obligations [Table Text Block]

The year-end status of these plans was as follows (dollar amounts in millions):

	Pension Benefits
	U.S. Plans						Non-U.S. Plans						Worldwide OPEB
	2011			2010			2011			2010			2011			2010
Change in Benefit Obligation
Benefit obligation at January 1	$	46,647		$	44,638		$	23,385		$	23,300		$	6,423		$	6,053
Service cost	467			376			327			290			63			54
Interest cost	2,374			2,528			1,227			1,213			327			338
Amendments	5			10			38			—			(62		)	(71		)
Separation programs	9			6			138			26			10			1
Curtailments	—			—			—			—			(50		)	—
Settlements	—			—			(152		)	—			—			—
Plan participant contributions	23			23			46			47			29			18
Benefits paid	(3,534		)	(3,704		)	(1,373		)	(1,281		)	(473		)	(458		)
Foreign exchange translation	—			—			(441		)	(606		)	(62		)	97
Divestiture	—			—			—			(61		)	—			—
Actuarial (gain)/loss and other	2,825			2,770			1,968			457			388			391
Benefit obligation at December 31	$	48,816		$	46,647		$	25,163		$	23,385		$	6,593		$	6,423
Change in Plan Assets
Fair value of plan assets at January 1	$	39,960		$	38,457		$	18,615		$	17,556		$	—		$	—
Actual return on plan assets	2,887			5,115			934			1,487			—			—
Company contributions	132			135			1,403			1,236			—			—
Plan participant contributions	23			23			46			47			—			—
Benefits paid	(3,534		)	(3,704		)	(1,373		)	(1,281		)	—			—
Settlements	—			—			(152		)	—			—			—
Foreign exchange translation	—			—			(267		)	(356		)	—			—
Divestiture	—			—			—			(66		)	—			—
Other	(54		)	(66		)	(8		)	(8		)	—			—
Fair value of plan assets at December 31	$	39,414		$	39,960		$	19,198		$	18,615		$	—		$	—
Funded status at December 31	$	(9,402	)	$	(6,687	)	$	(5,965	)	$	(4,770	)	$	(6,593	)	$	(6,423	)
Amounts Recognized on the Balance Sheet
Prepaid assets	$	—		$	7		$	114		$	560		$	—		$	—
Accrued liabilities	(9,402		)	(6,694		)	(6,079		)	(5,330		)	(6,593		)	(6,423		)
Total	$	(9,402	)	$	(6,687	)	$	(5,965	)	$	(4,770	)	$	(6,593	)	$	(6,423	)
Amounts Recognized in Accumulated Other Comprehensive Loss
Unamortized prior service costs/(credits)	$	1,197		$	1,535		$	323		$	364		$	(1,648	)	$	(2,220	)
Unamortized net (gains)/losses and other	9,394			6,567			7,612			5,751			2,305			2,073
Total	$	10,591		$	8,102		$	7,935		$	6,115		$	657		$	(147	)
Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31
Accumulated benefit obligation	$	47,555		$	45,445		$	17,799		$	12,239
Fair value of plan assets	39,414			39,836			13,129			7,912
Accumulated Benefit Obligation at December 31	$	47,555		$	45,562		$	23,524		$	21,909
Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31
Projected benefit obligation	$	48,816		$	46,530		$	23,846		$	17,374
Fair value of plan assets	39,414			39,836			18,027			12,292
Projected Benefit Obligation at December 31	$	48,816		$	46,647		$	25,163		$	23,385

Schedule of assumptions used [Table Text Block]

	Pension Benefits
	U.S. Plans				Non-U.S. Plans				U.S. OPEB
	2011		2010		2011		2010		2011		2010
Weighted Average Assumptions Used to Measure our Benefit Obligations and Plan Assets at December 31
Discount rate	4.64	%	5.24	%	4.84	%	5.31	%	4.60	%	5.20	%
Expected return on assets	7.50	%	8.00	%	6.77	%	7.20	%	—		—
Average rate of increase in compensation	3.80	%	3.80	%	3.39	%	3.34	%	3.80	%	3.80	%
Assumptions Used to Determine Net Benefit Cost for the Year Ended December 31
Discount rate	5.24	%	5.86	%	5.31	%	5.68	%	5.20	%	5.74	%
Expected return on assets	8.00	%	8.25	%	7.20	%	7.17	%	—		—
Average rate of increase in compensation	3.80	%	3.80	%	3.34	%	3.15	%	3.80	%	3.80	%

Schedule of amounts in accumulated other comprehensive income/(loss) to be recognized over next fiscal year [Table Text Block]

The amounts in Accumulated other comprehensive income/(loss) that are expected to be recognized as components of net expense/(income) during the next year are as follows (in millions):

	Pension Benefits
	U.S. Plans		Non-U.S. Plans		Worldwide OPEB			Total
Prior service cost/(credit)	$	220	$	70	$	(544	)	$	(254	)
(Gains)/Losses and other	425		403		129			957

Schedule of expected future gross benefit payments [Table Text Block]

The following table presents estimated future gross benefit payments (in millions):

	Gross Benefit Payments
	Pension
	U.S. Plans		Non-U.S. Plans		Worldwide OPEB
2012	$	3,520	$	1,290	$	460
2013	3,430		1,290		430
2014	3,350		1,300		420
2015	3,290		1,330		410
2016	3,220		1,340		400
2017 - 2021	15,430		7,150		1,980

Schedule of allocation of plan assets [Table Text Block]

The fair value of our pension benefits plan assets (including dividends and interest receivables of $291 million and $78 million for U.S. and non-U.S. plans, respectively) at December 31, 2011 by asset category was as follows (in millions):

U.S. Plans	2011
	Level 1			Level 2			Level 3			Total
Asset Category
Equity
U.S. companies	$	7,331		$	44		$	12		$	7,387
International companies	5,565			32			3			5,600
Commingled funds	—			244			3			247
Derivative financial instruments (a)	—			—			—			—
Total equity	12,896			320			18			13,234
Fixed Income
U.S. government	4,084			—			—			4,084
U.S. government-sponsored enterprises (b)	—			4,581			7			4,588
Non-U.S. government	—			1,375			169			1,544
Corporate bonds (c)
Investment grade	—			9,061			33			9,094
High yield	—			1,280			11			1,291
Other credit	—			17			18			35
Mortgage/other asset-backed	—			1,348			54			1,402
Commingled funds	—			258			—			258
Derivative financial instruments (a)
Interest rate contracts	13			28			(3		)	38
Credit contracts	—			(8		)	—			(8		)
Other contracts	—			(265		)	9			(256		)
Total fixed income	4,097			17,675			298			22,070
Alternatives
Hedge funds (d)	—			—			2,968			2,968
Private equity (e)	—			—			2,085			2,085
Real estate (f)	—			—			362			362
Total alternatives	—			—			5,415			5,415
Cash and cash equivalents (g)	—			1,477			1			1,478
Other (h)	(2,798		)	18			(3		)	(2,783		)
Total assets at fair value	$	14,195		$	19,490		$	5,729		$	39,414

_______

(a) Net derivative position.  

(b) Debt securities primarily issued by U.S. government-sponsored enterprises ("GSEs").

(c) "Investment grade" bonds are those rated Baa3/BBB or higher by at least two rating agencies; "High yield" bonds are those rated below investment grade; "Other credit" refers to non-rated bonds.

(d) Funds investing in diverse hedge fund strategies (primarily commingled fund of funds) with the following composition of underlying hedge fund investments within the U.S. pension plans at December 31, 2011:  global macro (42%), equity long/short (21%), event-driven (18%), relative value (11%), and multi-strategy (8%).

(e) Diversified investments in private equity funds with the following strategies:  buyout (61%), venture capital (25%), mezzanine/distressed (8%), and other (6%).  Allocations are estimated based on latest available data for managers reflecting June 30, 2011 holdings.

(f) Investment in private property funds broadly classified as core (64%), value-added and opportunistic (36%).

(g) Primarily short-term investment funds to provide liquidity to plan investment managers and cash held to pay benefits.

(h) Primarily cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales.

NOTE 17.  RETIREMENT BENEFITS (Continued)

Non-U.S. Plans	2011
	Level 1			Level 2			Level 3			Total
Asset Category
Equity
U.S. companies	$	2,596		$	181		$	—		$	2,777
International companies	2,906			154			1			3,061
Derivative financial instruments (a)	—			—			—			—
Total equity	5,502			335			1			5,838
Fixed Income
U.S. government	33			—			—			33
U.S. government-sponsored enterprises (b)	—			16			—			16
Non-U.S. government	2			5,805			122			5,929
Corporate bonds (c)
Investment grade	—			975			11			986
High yield	—			271			—			271
Other credit	—			15			—			15
Mortgage/other asset-backed	—			189			6			195
Commingled funds	—			415			—			415
Derivative financial instruments (a)
Interest rate contracts	—			(15		)	(6		)	(21		)
Credit contracts	—			(1		)	—			(1		)
Other contracts	—			(1		)	—			(1		)
Total fixed income	35			7,669			133			7,837
Alternatives
Hedge funds (d)	—			—			1,053			1,053
Private equity (e)	—			—			123			123
Real estate (f)	—			1			160			161
Total alternatives	—			1			1,336			1,337
Cash and cash equivalents (g)	—			370			—			370
Other (h)	(554		)	12			4,358			3,816
Total assets at fair value	$	4,983		$	8,387		$	5,828		$	19,198

_______

(a) Net derivative position.  

(b) Debt securities primarily issued by GSEs.

(c) "Investment grade" bonds are those rated Baa3/BBB or higher by at least two rating agencies; "High yield" bonds are those rated below investment grade; "Other credit" refers to non-rated bonds.

(d) Funds investing in diversified portfolio of underlying hedge funds (commingled fund of funds).  At December 31, 2011, the composition of underlying hedge fund investments (within the U.K. and Canada pension plans) was:  event-driven (30%), equity long/short (27%), global macro (14%), multi-strategy (14%) relative value (11%), and cash (4%).

(e) Investments in private investment funds (funds of funds) pursuing strategies broadly classified as venture capital and buyouts.

(f) Investment in private property funds broadly classified as core (13%), value-added and opportunistic (87%).  Also includes investment in real assets.

(g) Primarily short-term investment funds to provide liquidity to plan investment managers.

(h) Primarily Ford-Werke GmbH ("Ford-Werke") plan assets (insurance contract valued at $3,406 million) and cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales.

NOTE 17.  RETIREMENT BENEFITS (Continued)

The fair value of our pension benefits plan assets (including dividends and interest receivables of $266 million and $72 million for U.S. and non-U.S. plans, respectively) at December 31, 2010 by asset category was as follows (in millions):

U.S. Plans	2010
	Level 1			Level 2			Level 3			Total
Asset Category
Equity
U.S. companies	$	8,832		$	35		$	13		$	8,880
International companies	7,879			50			6			7,935
Commingled funds	—			351			3			354
Derivative financial instruments (a)	—			—			—			—
Total equity	16,711			436			22			17,169
Fixed Income
U.S. government	2,366			—			—			2,366
U.S. government-sponsored enterprises (b)	—			2,706			13			2,719
Non-U.S. government	—			1,005			280			1,285
Corporate bonds (c)
Investment grade	—			8,530			28			8,558
High yield	—			1,170			2			1,172
Other credit	—			22			51			73
Mortgage/other asset-backed	—			1,637			125			1,762
Commingled funds	—			248			—			248
Derivative financial instruments (a)
Interest rate contracts	39			(32		)	(2		)	5
Credit contracts	—			1			—			1
Other contracts	—			(1		)	—			(1		)
Total fixed income	2,405			15,286			497			18,188
Alternatives
Hedge funds (d)	—			—			2,854			2,854
Private equity (e)	—			—			1,491			1,491
Real estate (f)	—			—			120			120
Total alternatives	—			—			4,465			4,465
Cash and cash equivalents (g)	—			1,064			—			1,064
Other (h)	(939		)	16			(3		)	(926		)
Total assets at fair value	$	18,177		$	16,802		$	4,981		$	39,960

_______

(a) Net derivative position.  Gross equity derivative position includes assets of $0.4 million offset by liabilities of $0.2 million.  Gross fixed income derivative position includes assets of $44 million offset by liabilities of $39 million.

(b) Debt securities primarily issued by GSEs.

(c) "Investment grade" bonds are those rated Baa3/BBB or higher by at least two rating agencies; "High yield" bonds are those rated below investment grade; "Other credit" refers to non-rated bonds.

(d) Funds investing in diverse hedge fund strategies (primarily commingled fund of funds) with the following composition of underlying hedge fund investments within the U.S. pension plans at December 31, 2010:  global macro (34%), equity long/short (25%), event-driven (20%), relative value (15%), and multi-strategy (6%).

(e) Diversified investments in private equity funds with the following strategies:  buyout (61%), venture capital (27%), mezzanine/distressed (9%), and other (3%).  Allocations are estimated based on latest available data for managers reflecting June 30, 2010 holdings.

(f) Investment in private property funds broadly classified as core, value-added and opportunistic.

(g) Primarily short-term investment funds to provide liquidity to plan investment managers and cash held to pay benefits.

(h) Primarily cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales.

NOTE 17.  RETIREMENT BENEFITS (Continued)

Non-U.S. Plans	2010
	Level 1			Level 2		Level 3		Total
Asset Category
Equity
U.S. companies	$	2,837		$	214	$	—	$	3,051
International companies	3,759			217		10		3,986
Derivative financial instruments (a)	—			—		—		—
Total equity	6,596			431		10		7,037
Fixed Income
U.S. government	36			—		—		36
U.S. government-sponsored enterprises (b)	—			118		—		118
Non-U.S. government	—			4,282		103		4,385
Corporate bonds (c)
Investment grade	—			802		15		817
High yield	—			180		20		200
Other credit	—			15		—		15
Mortgage/other asset-backed	—			203		34		237
Commingled funds	—			573		8		581
Derivative financial instruments (a)
Interest rate contracts	2			4		—		6
Credit contracts	—			1		—		1
Other contracts	—			—		—		—
Total fixed income	38			6,178		180		6,396
Alternatives
Hedge funds (d)	—			—		711		711
Private equity (e)	—			—		31		31
Real estate (f)	—			—		11		11
Total alternatives	—			—		753		753
Cash and cash equivalents (g)	—			335		—		335
Other (h)	(297		)	11		4,380		4,094
Total assets at fair value	$	6,337		$	6,955	$	5,323	$	18,615

_______

(a) Net derivative position.  Gross equity derivative position includes liabilities of $0.1 million.  Gross fixed income derivative position includes assets of $7.2 million offset by liabilities of $0.4 million.

(b) Debt securities primarily issued by GSEs.

(c) "Investment grade" bonds are those rated Baa3/BBB or higher by at least two rating agencies; "High yield" bonds are those rated below investment grade; "Other credit" refers to non-rated bonds.

(d) Funds investing in diversified portfolio of underlying hedge funds (commingled fund of funds).  At December 31, 2010, the composition of underlying hedge fund investments (within the U.K. and Canada pension plans) was:  equity long/short (33%), event-driven (25%), relative value (20%), global macro (11%), multi-strategy (10%) and cash (1%).

(e) Investments in private investment funds (funds of funds) pursuing strategies broadly classified as venture capital and buyouts.

(f) Investment in private property funds broadly classified as core, value-added and opportunistic.  Also includes investment in real assets.

(g) Primarily short-term investment funds to provide liquidity to plan investment managers.

(h) Primarily Ford-Werke plan assets (insurance contract valued at $3,371 million) and cash related to net pending trade purchases/sales and net pending foreign exchange purchases/sales.

Schedule of changes in fair value of plan assets [Table Text Block]

The following table summarizes the changes in Level 3 pension benefits plan assets measured at fair value on a recurring basis for the year ended December 31, 2011 (in millions):

U.S. Plans	2011
				Return on plan assets									Transfers
	Fair Value at January 1, 2011			Attributable to Assets Held at December 31, 2011			Attributable to Assets Sold			Net Purchases/ (Settlements)			Into Level 3		Out of  Level 3			Fair Value at December 31, 2011
Asset Category
Equity
U.S. companies	$	13		$	(1	)	$	—		$	—		$	—	$	—		$	12
International companies	6			—			(1		)	(1		)	—		(1		)	3
Commingled funds	3			—			—			—			—		—			3
Derivative financial instruments	—			—			—			—			—		—			—
Total equity	22			(1		)	(1		)	(1		)	—		(1		)	18
Fixed Income
U.S. government	—			—			—			—			—		—			—
U.S. government-sponsored enterprises	14			—			—			(5		)	—		(1		)	8
Non-U.S. government	280			(2		)	(3		)	(86		)	13		(33		)	169
Corporate bonds
Investment grade	28			4			2			18			3		(22		)	33
High yield	2			(1		)	—			8			3		(1		)	11
Other credit	50			(1		)	—			(32		)	—		—			17
Mortgage/other asset-backed	125			(3		)	1			(38		)	4		(35		)	54
Derivative financial instruments
Interest rate contracts	(2		)	—			(1		)	—			—		—			(3		)
Credit contracts	—			—			—			—			—		—			—
Other contracts	—			25			(8		)	(8		)	—		—			9
Total fixed income	497			22			(9		)	(143		)	23		(92		)	298
Alternatives
Hedge funds	2,854			10			(22		)	126			—		—			2,968
Private equity	1,491			244			—			350			—		—			2,085
Real estate	120			39			—			203			—		—			362
Total alternatives	4,465			293			(22		)	679			—		—			5,415
Other	(3		)	—			—			1			—		—			(2		)
Total Level 3 fair value	$	4,981		$	314		$	(32	)	$	536		$	23	$	(93	)	$	5,729

NOTE 17.  RETIREMENT BENEFITS (Continued)

Non-U.S. Plans	2011
			Return on plan assets									Transfers
	Fair Value at January 1,  2011		Attributable to Assets Held at December 31, 2011			Attributable to Assets Sold			Net Purchases/ (Settlements)			Into Level 3		Out of  Level 3			Fair Value at December 31, 2011
Asset Category
Equity
U.S. companies	$	—	$	—		$	—		$	—		$	—	$	—		$	—
International companies	10		—			—			(5		)	1		(5		)	1
Commingled funds	—		—			—			—			—		—			—
Total equity	10		—			—			(5		)	1		(5		)	1
Fixed Income
U.S. government	—		—			—			—			—		—			—
U.S. government-sponsored enterprises	—		—			—			—			—		—			—
Non-U.S. government	103		(6		)	1			28			—		(4		)	122
Corporate bonds
Investment grade	15		(1		)	1			(7		)	3		—			11
High yield	20		—			—			(10		)	—		(10		)	—
Other credit	—		—			—			—			—		—			—
Mortgage/other asset-backed	34		—			1			(24		)	1		(6		)	6
Commingled funds	8		—			—			(8		)	—		—			—
Derivative financial instruments	—		—			(2		)	(4		)	—		—			(6		)
Total fixed income	180		(7		)	1			(25		)	4		(20		)	133
Alternatives
Hedge funds	711		(31		)	11			362			—		—			1,053
Private equity	31		(3		)	—			95			—		—			123
Real estate	11		6			—			143			—		—			160
Total alternatives	753		(28		)	11			600			—		—			1,336
Other (a)	4,380		(22		)	—			—			—		—			4,358
Total Level 3 fair value	$	5,323	$	(57	)	$	12		$	570		$	5	$	(25	)	$	5,828

_______

(a) Primarily Ford-Werke plan assets (insurance contract valued at $3,406 million).

NOTE 17.  RETIREMENT BENEFITS (Continued)

The following table summarizes the changes in Level 3 pension benefits plan assets measured at fair value on a recurring basis for the year ended December 31, 2010 (in millions):

U.S. Plans	2010
				Return on plan assets									Transfers
	Fair Value at January 1, 2010			Attributable to Assets Held at December 31,  2010			Attributable to Assets Sold			Net Purchases/ (Settlements)			Into Level 3		Out of  Level 3			Fair Value at December 31,  2010
Asset Category
Equity
U.S. companies	$	15		$	(2	)	$	—		$	—		$	—	$	—		$	13
International companies	92			2			4			(38		)	1		(55		)	6
Commingled funds	3			—			—			—			—		—			3
Derivative financial instruments	—			—			—			—			—		—			—
Total equity	110			—			4			(38		)	1		(55		)	22
Fixed Income
U.S. government	—			—			—			—			—		—			—
U.S. government-sponsored enterprises	7			—			—			8			—		(1		)	14
Non-U.S. government	256			15			7			91			1		(90		)	280
Corporate bonds
Investment grade	85			—			5			(42		)	13		(33		)	28
High yield	15			—			(9		)	—			—		(4		)	2
Other credit	21			2			1			30			—		(4		)	50
Mortgage/other asset-backed	278			4			47			(23		)	30		(211		)	125
Derivative financial instruments
Interest rate contracts	(42		)	—			10			32			1		(3		)	(2		)
Credit contracts	—			—			—			—			—		—			—
Other contracts	—			—			—			—			—		—			—
Total fixed income	620			21			61			96			45		(346		)	497
Alternatives
Hedge funds	1,986			330			—			538			—		—			2,854
Private equity	1,005			104			—			382			—		—			1,491
Real estate	1			2			—			117			—		—			120
Total alternatives	2,992			436			—			1,037			—		—			4,465
Other	(3		)	—			—			—			—		—			(3		)
Total Level 3 fair value	$	3,719		$	457		$	65		$	1,095		$	46	$	(401	)	$	4,981

NOTE 17.  RETIREMENT BENEFITS (Continued)

Non-U.S. Plans	2010
			Return on plan assets								Transfers
	Fair Value at January 1,  2010		Attributable to Assets Held at December 31,  2010		Attributable to Assets Sold			Net Purchases/ (Settlements)			Into Level 3		Out of  Level 3			Fair Value at December 31,  2010
Asset Category
Equity
U.S. companies	$	—	$	—	$	—		$	—		$	—	$	—		$	—
International companies	21		—		1			(9		)	6		(9		)	10
Commingled funds	—		—		—			—			—		—			—
Total equity	21		—		1			(9		)	6		(9		)	10
Fixed Income
U.S. government	—		—		—			—			—		—			—
U.S. government-sponsored enterprises	—		—		—			—			—		—			—
Non-U.S. government	77		9		2			(3		)	26		(8		)	103
Corporate bonds
Investment grade	28		—		(2		)	2			5		(18		)	15
High yield	19		1		(2		)	4			—		(2		)	20
Other credit	7		—		—			(7		)	—		—			—
Mortgage/other asset-backed	43		2		—			—			2		(13		)	34
Commingled funds	—		—		1			7			—		—			8
Derivative financial instruments	2		—		—			(2		)	—		—			—
Total fixed income	176		12		(1		)	1			33		(41		)	180
Alternatives
Hedge funds	244		23		—			444			—		—			711
Private equity	4		—		—			27			—		—			31
Real estate	—		2		—			9			—		—			11
Total alternatives	248		25		—			480			—		—			753
Other (a)	3,989		391		—			—			—		—			4,380
Total Level 3 fair value	$	4,434	$	428	$	—		$	472		$	39	$	(50	)	$	5,323

_______

(a) Primarily Ford-Werke plan assets (insurance contract valued at $3,371 million).