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Financial Services Allowance for Credit Losses (Notes)
 6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
FINANCIAL SERVICES ALLOWANCE FOR CREDIT LOSSES
FORD CREDIT ALLOWANCE FOR CREDIT LOSSES

An analysis of the allowance for credit losses related to finance receivables for the periods ended June 30 was as follows (in millions):
 
Second Quarter 2017
 
First Half 2017
 
Consumer
 
Non-Consumer
 
Total
 
Consumer
 
Non-Consumer
 
Total
Allowance for credit losses
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
504

 
$
13

 
$
517

 
$
469

 
$
15

 
$
484

Charge-offs
(110
)
 
(2
)
 
(112
)
 
(233
)
 
(4
)
 
(237
)
Recoveries
35

 
3

 
38

 
69

 
3

 
72

Provision for credit losses
73

 
—

 
73

 
194

 
—

 
194

Other (a)
5

 
1

 
6

 
8

 
1

 
9

Ending balance (b)
$
507

 
$
15

 
$
522

 
$
507

 
$
15

 
$
522

 
 
 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of allowance for credit losses
Collective impairment allowance
 
 
 
 
 
 
$
487

 
$
13

 
$
500

Specific impairment allowance
 
 
 
 
 
 
20

 
2

 
22

Ending balance (b)
 
 
 
 
 
 
507

 
15

 
522

 
 
 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of finance receivables
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
 
 
 
 
67,772

 
33,627

 
101,399

Specifically evaluated for impairment
 
 
 
 
 
 
381

 
181

 
562

Recorded investment
 
 
 
 
 
 
68,153

 
33,808

 
101,961

 
 
 
 
 
 
 
 
 
 
 
 
Ending balance, net of allowance for credit losses
 
 
 
$
67,646

 
$
33,793

 
$
101,439

__________
(a)
Primarily represents amounts related to translation adjustments.
(b)
Total allowance, including reserves for operating leases, was $588 million.
 
Second Quarter 2018
 
First Half 2018
 
Consumer
 
Non-Consumer
 
Total
 
Consumer
 
Non-Consumer
 
Total
Allowance for credit losses
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
584

 
$
16

 
$
600

 
$
582

 
$
15

 
$
597

Charge-offs
(123
)
 
(1
)
 
(124
)
 
(254
)
 
(3
)
 
(257
)
Recoveries
47

 
1

 
48

 
86

 
2

 
88

Provision for credit losses
72

 
(2
)
 
70

 
164

 
—

 
164

Other (a)
(7
)
 
—

 
(7
)
 
(5
)
 
—

 
(5
)
Ending balance (b)
$
573

 
$
14

 
$
587

 
$
573

 
$
14

 
$
587

 
 
 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of allowance for credit losses
Collective impairment allowance
 
 
 
 
 
 
$
552

 
$
13

 
$
565

Specific impairment allowance
 
 
 
 
 
 
21

 
1

 
22

Ending balance (b)
 
 
 
 
 
 
573

 
14

 
587

 
 
 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of finance receivables
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
 
 
 
 
75,203

 
32,615

 
107,818

Specifically evaluated for impairment
 
 
 
 
 
 
378

 
96

 
474

Recorded investment
 
 
 
 
 
 
75,581

 
32,711

 
108,292

 
 
 
 
 
 
 
 
 
 
 
 
Ending balance, net of allowance for credit losses
 
$
75,008

 
$
32,697

 
$
107,705


__________
(a)
Primarily represents amounts related to translation adjustments.
(b)
Total allowance, including reserves for operating leases, was $659 million.