Finance Receivables (Tables)

3 Months Ended

Jun. 30, 2012

Finance receivable balances were as follows (in millions):



	June 30, 2012			December 31, 2011
Automotive sector (a)	$	536		$	355
Financial Services sector	72,323			73,330
Reclassification of receivables purchased by Financial Services sector from Automotive sector to Other receivables, net	(4,765		)	(3,709		)
Finance receivables, net	$	68,094		$	69,976

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(a)	Finance receivables are reported on our sector balance sheet in Receivables, less allowances and Other assets.

Notes receivable, net were as follows (in millions):



	June 30, 2012			December 31, 2011
Notes receivable	$	570		$	384
Less: Allowance for credit losses	(34		)	(29		)
Notes receivable, net	$	536		$	355

Finance receivables, net were as follows (in millions):



	June 30, 2012									December 31, 2011
	North America			International			Total Finance Receivables			North America			International			Total Finance Receivables
Consumer
Retail, gross	$	38,414		$	8,100		$	46,514		$	38,406		$	8,400		$	46,806
Less: Unearned interest supplements	(1,304		)	(228		)	(1,532		)	(1,407		)	(219		)	(1,626		)
Retail	37,110			7,872			44,982			36,999			8,181			45,180
Direct financing leases, gross	5			2,392			2,397			4			2,683			2,687
Less: Unearned interest supplements	—			(97		)	(97		)	—			(116		)	(116		)
Direct financing leases	5			2,295			2,300			4			2,567			2,571
Consumer finance receivables	$	37,115		$	10,167		$	47,282		$	37,003		$	10,748		$	47,751
Non-Consumer
Wholesale	$	15,466		$	7,316		$	22,782		$	15,413		$	8,416		$	23,829
Dealer loans	1,102			55			1,157			1,088			63			1,151
Other	1,071			415			1,486			723			377			1,100
Non-Consumer finance receivables	17,639			7,786			25,425			17,224			8,856			26,080
Total recorded investment	$	54,754		$	17,953		$	72,707		$	54,227		$	19,604		$	73,831

Recorded investment in finance receivables	$	54,754		$	17,953		$	72,707		$	54,227		$	19,604		$	73,831
Less: Allowance for credit losses	(287		)	(97		)	(384		)	(388		)	(113		)	(501		)
Finance receivables, net	$	54,467		$	17,856		$	72,323		$	53,839		$	19,491		$	73,330

Net finance receivables subject to fair value (a)							$	70,023								$	70,754
Fair value							71,713									72,294

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(a)	At June 30, 2012 and December 31, 2011, excludes $2.3 billion and $2.6 billion, respectively, of certain receivables (primarily direct financing leases) that are not subject to fair value disclosure requirements. All finance receivables are categorized within Level 3 of the fair value hierarchy. See Note 3 for additional information.

The aging analysis of Ford Credit's finance receivables balances at June 30, 2012 was as follows (in millions):



	31-60 Days Past Due		61-90 Days Past Due		91-120 Days Past Due		Greater Than 120 Days Past Due		Total Past Due		Current		Total Finance Receivables
North America
Consumer
Retail	$	638	$	68	$	19	$	60	$	785	$	36,325	$	37,110
Direct financing leases	—		—		—		—		—		5		5
Non-Consumer
Wholesale	—		—		—		1		1		15,465		15,466
Dealer loans	—		17		—		2		19		1,083		1,102
Other	—		—		—		—		—		1,071		1,071
Total North America recorded investment	638		85		19		63		805		53,949		54,754

International
Consumer
Retail	39		20		11		27		97		7,775		7,872
Direct financing leases	6		4		1		3		14		2,281		2,295
Non-Consumer
Wholesale	3		—		—		8		11		7,305		7,316
Dealer loans	—		—		—		1		1		54		55
Other	—		—		—		1		1		414		415
Total International recorded investment	48		24		12		40		124		17,829		17,953
Total recorded investment	$	686	$	109	$	31	$	103	$	929	$	71,778	$	72,707

Consumer [Member]

The credit quality analysis of Ford Credit's consumer receivables portfolio was as follows (in millions):



	June 30, 2012				December 31, 2011
	Retail		Direct Financing Leases		Retail		Direct Financing Leases
North America
Pass	$	36,963	$	5	$	36,839	$	4
Special Mention	87		—		90		—
Substandard	60		—		70		—
Total North America recorded investment	37,110		5		36,999		4

International
Pass	7,814		2,287		8,107		2,559
Special Mention	31		5		34		5
Substandard	27		3		40		3
Total International recorded investment	7,872		2,295		8,181		2,567
Total recorded investment	$	44,982	$	2,300	$	45,180	$	2,571

Non-consumer [Member]

The credit quality analysis of wholesale and dealer loan receivables was as follows (in millions):



	June 30, 2012				December 31, 2011
	Wholesale		Dealer Loan		Wholesale		Dealer Loan
North America
Group I	$	12,868	$	891	$	12,645	$	861
Group II	2,299		153		2,489		165
Group III	280		45		273		58
Group IV	19		13		6		4
Total North America recorded investment	15,466		1,102		15,413		1,088

International
Group I	4,560		38		5,115		42
Group II	1,594		8		1,965		10
Group III	1,155		8		1,327		10
Group IV	7		1		9		1
Total International recorded investment	7,316		55		8,416		63
Total recorded investment	$	22,782	$	1,157	$	23,829	$	1,151