XML 82 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of debt outstanding [Table Text Block]
The carrying value of Automotive, Ford Credit, and Other debt was as follows (in millions):
Automotive
December 31,
2017
 
June 30,
2018
Debt payable within one year
 
 
 
Short-term
$
1,396

 
$
1,569

Long-term payable within one year
 

 
 

Public unsecured debt securities
361

 
361

U.S. Department of Energy Advanced Technology Vehicles Manufacturing (“DOE ATVM”) Incentive Program
591

 
591

Other debt
1,031

 
1,467

Unamortized (discount)/premium
(23
)
 
(20
)
Total debt payable within one year
3,356

 
3,968

Long-term debt payable after one year
 

 
 

Public unsecured debt securities
9,033

 
9,033

DOE ATVM Incentive Program
2,060

 
1,766

Other debt
1,848

 
1,178

Adjustments
 
 
 
Unamortized (discount)/premium
(290
)
 
(261
)
Unamortized issuance costs
(76
)
 
(74
)
Total long-term debt payable after one year
12,575

 
11,642

Total Automotive
$
15,931

 
$
15,610

 
 
 
 
Fair value of Automotive debt (a)
$
17,976

 
$
16,405

 
 
 
 
Ford Credit
 

 
 

Debt payable within one year
 

 
 

Short-term
$
17,153

 
$
14,985

Long-term payable within one year
 

 
 

Unsecured debt
13,298

 
12,636

Asset-backed debt
17,817

 
19,317

Adjustments
 
 
 
Unamortized (discount)/premium
1

 
—

Unamortized issuance costs
(16
)
 
(19
)
Fair value adjustments (b)
12

 
(3
)
Total debt payable within one year
48,265

 
46,916

Long-term debt payable after one year
 
 
 
Unsecured debt
55,687

 
55,755

Asset-backed debt
34,052

 
34,625

Adjustments
 
 
 
Unamortized (discount)/premium
(2
)
 
—

Unamortized issuance costs
(212
)
 
(212
)
Fair value adjustments (b)
(33
)
 
(450
)
Total long-term debt payable after one year
89,492

 
89,718

Total Ford Credit
$
137,757

 
$
136,634

 
 
 
 
Fair value of Ford Credit debt (a)
$
139,605

 
$
138,616

 
 
 
 
Other
 
 
 
Long-term debt payable after one year
 
 
 
Unsecured debt
$
604

 
$
604

Adjustments
 
 
 
Unamortized (discount)/premium
(3
)
 
(3
)
Unamortized issuance costs
(2
)
 
(2
)
Total Other
$
599

 
$
599

 
 
 
 
Fair value of Other debt
$
801

 
$
754

__________
(a)
The fair value of debt includes $1.1 billion and $1.2 billion of Automotive segment short-term debt and $16.4 billion and $13.7 billion of Ford Credit segment short-term debt at December 31, 2017 and June 30, 2018, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.
(b)
Adjustments related to designated fair value hedges. Carrying value of hedged debt was $39 billion and $37.5 billion at December 31, 2017 and June 30, 2018, respectively.