Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Income Effect of Derivative Instruments [Table Text Block]

The following tables summarize by hedge designation the pre-tax gains/(losses) recorded in Other comprehensive income/(loss) ("OCI"), reclassified from Accumulated other comprehensive income/(loss) ("AOCI") to income and/or recognized directly in income for the periods ended September 30 (in millions):

	Third Quarter 2012									First Nine Months 2012
	Gain/(Loss) Recorded in OCI			Gain/(Loss) Reclassified from AOCI to Income			Gain/(Loss) Recognized in Income			Gain/(Loss) Recorded in OCI			Gain/(Loss) Reclassified from AOCI to Income			Gain/(Loss) Recognized in Income
Automotive Sector
Cash flow hedges
Foreign currency exchange contracts	$	(131	)	$	(129	)	$	(2	)	$	(500	)	$	(279	)	$	(2	)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts - operating exposures							$	(75	)							$	(110	)
Commodity contracts							96									(19		)
Other – warrants							—									(4		)
Total							$	21								$	(133	)
Financial Services Sector
Fair value hedges
Interest rate contracts
Net interest settlements and accruals excluded from the assessment of hedge effectiveness							$	44								$	126
Ineffectiveness (a)							6									8
Total							$	50								$	134
Derivatives not designated as hedging instruments
Interest rate contracts							$	(8	)							$	(12	)
Foreign currency exchange contracts							(16		)							(70		)
Cross-currency interest rate swap contracts							(61		)							(109		)
Other (b)							—									(81		)
Total							$	(85	)							$	(272	)

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(a) For the third quarter and first nine months of 2012, hedge ineffectiveness reflects change in fair value on derivatives of $118 million gain and $276 million gain, respectively, and change in fair value on hedged debt of $112 million loss and $268 million loss, respectively.

(b) Reflects gains/(losses) for derivative features included in the FUEL Notes (see Note 3).

NOTE 12.  DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued)

	Third Quarter 2011							First Nine Months 2011
	Gain/(Loss) Recorded in OCI		Gain/(Loss) Reclassified from AOCI to Income		Gain/(Loss) Recognized in Income			Gain/(Loss) Recorded in OCI		Gain/(Loss) Reclassified from AOCI to Income		Gain/(Loss) Recognized in Income
Automotive Sector
Cash flow hedges
Foreign currency exchange contracts	$	60	$	45	$	(4	)	$	254	$	81	$	(2	)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts - operating exposures					$	48						$	61
Commodity contracts					(344		)					(356		)
Other – warrants					(3		)					(2		)
Total					$	(299	)					$	(297	)
Financial Services Sector
Fair value hedges
Interest rate contracts
Net interest settlements and accruals excluded from the assessment of hedge effectiveness					$	45						$	178
Ineffectiveness (a)					(6		)					(22		)
Total					$	39						$	156
Derivatives not designated as hedging instruments
Interest rate contracts					$	11						$	7
Foreign currency exchange contracts					12							(26		)
Cross-currency interest rate swap contracts					33							2
Other (b)					83							85
Total					$	139						$	68

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(a) For the third quarter and first nine months of 2011, hedge ineffectiveness reflects change in fair value on derivatives of $372 million gain and $418 million gain, respectively, and change in fair value on hedged debt of $378 million loss and $440 million loss, respectively.

(b) Reflects gains/(losses) for derivative features included in the FUEL Notes (see Note 3).

Balance Sheet Effect of Derivative Instruments [Table Text Block]

The following table summarizes the notional amount and estimated fair value of our derivative financial instruments (in millions):

	September 30, 2012						December 31, 2011
	Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Automotive Sector
Cash flow hedges
Foreign currency exchange contracts	$	14,911	$	61	$	493	$	14,535	$	120	$	368
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	7,777		76		96		5,692		92		80
Commodity contracts	1,858		23		160		2,396		2		372
Other – warrants	12		—		—		12		4		—
Total derivatives not designated as hedging instruments	9,647		99		256		8,100		98		452
Total Automotive sector derivative financial instruments	$	24,558	$	160	$	749	$	22,635	$	218	$	820
Financial Services Sector
Fair value hedges
Interest rate contracts	$	14,431	$	820	$	5	$	7,786	$	526	$	—
Derivatives not designated as hedging instruments
Interest rate contracts	63,214		675		279		70,639		670		237
Foreign currency exchange contracts	2,723		6		33		3,582		30		50
Cross-currency interest rate swap contracts	2,614		—		83		987		12		12
Other (a)	—		—		—		2,500		137		—
Total derivatives not designated as hedging instruments	68,551		681		395		77,708		849		299
Total Financial Services sector derivative financial instruments	$	82,982	$	1,501	$	400	$	85,494	$	1,375	$	299

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(a) Represents derivative features included in the FUEL Notes (see Note 3). The derivative features included in the FUEL Notes were extinguished as a result of the mandatory exchange of the FUEL Notes to unsecured notes in the second quarter of 2012.