Cash, Cash Equivalents, and Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The fair values of cash, cash equivalents, and marketable securities measured at fair value on a recurring basis were as follows (in millions):

		December 31, 2017
	Fair Value  Level	Automotive		Mobility		Ford Credit		Consolidated
Cash and cash equivalents
U.S. government	1	$	913	$	—	$	—	$	913
U.S. government agencies	2	433		—		300		733
Non-U.S. government and agencies	2	—		—		703		703
Corporate debt	2	55		—		25		80
Total marketable securities classified as cash equivalents		1,401		—		1,028		2,429
Cash, time deposits, and money market funds		7,529		4		8,530		16,063
Total cash and cash equivalents		$	8,930	$	4	$	9,558	$	18,492
Marketable securities
U.S. government	1	$	5,580	$	—	$	966	$	6,546
U.S. government agencies	2	2,484		—		384		2,868
Non-U.S. government and agencies	2	5,270		—		660		5,930
Corporate debt	2	4,031		—		848		4,879
Equities (a)	1	138		—		—		138
Other marketable securities	2	51		—		23		74
Total marketable securities		$	17,554	$	—	$	2,881	$	20,435
Restricted cash		$	15	$	7	$	124	$	146
		September 30, 2018
	Fair Value  Level	Automotive		Mobility		Ford Credit		Consolidated
Cash and cash equivalents
U.S. government	1	$	674	$	—	$	569	$	1,243
U.S. government agencies	2	375		—		422		797
Non-U.S. government and agencies	2	201		—		565		766
Corporate debt	2	460		—		889		1,349
Total marketable securities classified as cash equivalents		1,710		—		2,445		4,155
Cash, time deposits, and money market funds		5,829		26		8,552		14,407
Total cash and cash equivalents		$	7,539	$	26	$	10,997	$	18,562
Marketable securities
U.S. government	1	$	2,859	$	—	$	257	$	3,116
U.S. government agencies	2	1,953		—		139		2,092
Non-U.S. government and agencies	2	5,309		—		888		6,197
Corporate debt	2	5,189		—		305		5,494
Equities (a)	1	484		—		—		484
Other marketable securities	2	246		—		151		397
Total marketable securities		$	16,040	$	—	$	1,740	$	17,780
Restricted cash		$	16	$	30	$	147	$	193

__________

(a) Net unrealized gains/losses on equities were a $27 millionloss and a $84 milliongain at December 31, 2017 and September 30, 2018, respectively.

Available-for-sale Securities [Table Text Block]

The cash equivalents and marketable securities accounted for as available-for-sale (“AFS”) debt securities were as follows (in millions):

	December 31, 2017
										Fair Value of Securities with Contractual Maturities
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Within 1 Year		After 1 Year through 5 Years		After 5 Years
Automotive
U.S. government	$	3,669	$	—	$	(18	)	$	3,651	$	1,377	$	2,274	$	—
U.S. government agencies	1,915		—		(15		)	1,900		265		1,620		15
Non-U.S. government and agencies	4,021		—		(28		)	3,993		197		3,771		25
Corporate debt	1,716		1		(8		)	1,709		194		1,509		6
Other marketable securities	17		—		—			17		—		16		1
Total	$	11,338	$	1	$	(69	)	$	11,270	$	2,033	$	9,190	$	47
	September 30, 2018
										Fair Value of Securities with Contractual Maturities
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Within 1 Year		After 1 Year through 5 Years		After 5 Years
Automotive
U.S. government	$	2,909	$	—	$	(19	)	$	2,890	$	1,926	$	964	$	—
U.S. government agencies	1,930		—		(26		)	1,904		514		1,372		18
Non-U.S. government and agencies	3,960		—		(68		)	3,892		144		3,748		—
Corporate debt	2,911		1		(33		)	2,879		199		2,678		2
Other marketable securities	209		—		(1		)	208		1		131		76
Total	$	11,919	$	1	$	(147	)	$	11,773	$	2,784	$	8,893	$	96

Sales proceeds and gross realized gains/(losses) from the sale of AFS debt securities for the periods ended September 30 were as follows (in millions):

	Third Quarter				First Nine Months
	2017		2018		2017		2018
Automotive
Sales proceeds	$	491	$	1,327	$	3,107	$	4,173
Gross realized gains	—		—		3		1
Gross realized losses	—		4		8		15

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

The present fair values and gross unrealized losses for cash equivalents and marketable securities accounted for as AFS debt securities that were in an unrealized loss position, aggregated by investment category and the length of time that individual securities have been in a continuous loss position, were as follows (in millions):

	December 31, 2017
	Less than 1 year					1 Year or Greater					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Automotive
U.S. government	$	2,382	$	(9	)	$	903	$	(9	)	$	3,285	$	(18	)
U.S. government agencies	1,625		(12		)	260		(3		)	1,885		(15		)
Non-U.S. government and agencies	3,148		(20		)	510		(8		)	3,658		(28		)
Corporate debt	1,396		(8		)	—		—			1,396		(8		)
Total	$	8,551	$	(49	)	$	1,673	$	(20	)	$	10,224	$	(69	)
	September 30, 2018
	Less than 1 year					1 Year or Greater					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Automotive
U.S. government	$	869	$	(3	)	$	1,869	$	(16	)	$	2,738	$	(19	)
U.S. government agencies	476		(4		)	1,386		(22		)	1,862		(26		)
Non-U.S. government and agencies	2,110		(39		)	1,453		(29		)	3,563		(68		)
Corporate debt	2,161		(24		)	374		(9		)	2,535		(33		)
Other marketable securities	170		(1		)	—		—			170		(1		)
Total	$	5,786	$	(71	)	$	5,082	$	(76	)	$	10,868	$	(147	)

Schedule Cash, Cash Equivalents, and Restricted Cash [Table Text Block]

Cash, cash equivalents, and restricted cash as reported in the consolidated statement of cash flows were as follows (in millions):

	December 31, 2017		September 30, 2018
Cash and cash equivalents	$	18,492	$	18,562
Restricted cash (a)	146		193
Total cash, cash equivalents, and restricted cash	$	18,638	$	18,755

__________

(a) Included in Other assets in the non-current assets section of our consolidated balance sheet.