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Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Income Effect of Derivative Instruments [Table Text Block]
The gains/(losses), by hedge designation, recorded in income for the periods ended June 30 were as follows (in millions):
 
Second Quarter
 
First Half
 
2017
 
2018
 
2017
 
2018
Cash flow hedges (a)
 
 
 
 
 
 
 
Reclassified from AOCI to Cost of sales
$
124

 
$
(12
)
 
$
242

 
$
5

Fair value hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Net interest settlements and accruals on hedging instruments
62

 
(2
)
 
132

 
24

Fair value changes on hedging instruments (b)
34

 
(90
)
 
(55
)
 
(429
)
Fair value changes on hedged debt (b)
(30
)
 
82

 
55

 
411

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
Foreign currency exchange contracts (c)
(218
)
 
416

 
(426
)
 
300

Cross-currency interest rate swap contracts
16

 
(125
)
 
74

 
(183
)
Interest rate contracts
30

 
(20
)
 
37

 
(37
)
Commodity contracts
(10
)
 
8

 
32

 
(38
)
Total
$
8

 
$
257

 
$
91

 
$
53

__________
(a)
For the second quarter and first half of 2017, a $318 million gain and a $206 million gain, respectively, were recorded in Other comprehensive income. For the second quarter and first half of 2018, a $60 million gain and a $121 million gain, respectively, were recorded in Other comprehensive income.
(b)
For the first half of 2017, the fair value changes on hedging instruments and on hedged debt were recorded in Other income/(loss), net; effective first quarter 2018, these amounts were recorded in Ford Credit interest, operating, and other expenses.
(c)
For the second quarter and first half of 2017, a $61 million loss and a $90 million loss were recorded in Other income/(loss), net and a $157 million loss and a $336 million loss were recorded in Cost of sales, respectively.
Balance Sheet Effect of Derivative Instruments [Table Text Block]
The fair value of our derivative instruments and the associated notional amounts, presented gross, were as follows (in millions):
 
December 31, 2017
 
June 30, 2018
 
Notional
 
Fair Value of
Assets
 
Fair Value of
Liabilities
 
Notional
 
Fair Value of
Assets
 
Fair Value of
Liabilities
Cash flow hedges
 
 
 
 
 
 
 
 
 
 
 
Foreign currency exchange contracts
$
19,595

 
$
407

 
$
306

 
$
17,640

 
$
309

 
$
111

Fair value hedges
 

 
 

 
 

 
 
 
 
 
 
Interest rate contracts
28,008

 
248

 
135

 
26,033

 
137

 
441

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Foreign currency exchange contracts
20,679

 
172

 
302

 
19,644

 
297

 
103

Cross-currency interest rate swap contracts
4,006

 
408

 
28

 
5,852

 
270

 
143

Interest rate contracts
60,504

 
276

 
137

 
65,447

 
247

 
255

Commodity contracts
660

 
37

 
4

 
663

 
12

 
26

Total derivative financial instruments, gross (a) (b)
$
133,452

 
$
1,548

 
$
912

 
$
135,279

 
$
1,272

 
$
1,079

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
 
 
$
802

 
$
568

 
 
 
$
766

 
$
460

Non-current portion
 
 
746

 
344

 
 
 
506

 
619

Total derivative financial instruments, gross
 
 
$
1,548

 
$
912

 
 
 
$
1,272

 
$
1,079


__________
(a)
At December 31, 2017 and June 30, 2018, we held collateral of $15 million and $9 million, and we posted collateral of $38 million and $56 million, respectively.
(b)
At December 31, 2017 and June 30, 2018, the fair value of assets and liabilities available for counterparty netting was $618 million and $401 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.
Fair Value, by Balance Sheet Grouping [Table Text Block]