Cash, Cash Equivalents, and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2019

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, 2018
	Fair Value  Level	Automotive		Mobility		Ford Credit		Consolidated
Cash and cash equivalents
U.S. government	1	$	220	$	—	$	139	$	359
U.S. government agencies	2	496		—		25		521
Non-U.S. government and agencies	2	169		—		114		283
Corporate debt	2	174		—		884		1,058
Total marketable securities classified as cash equivalents		1,059		—		1,162		2,221
Cash, time deposits, and money market funds		5,999		53		8,445		14,497
Total cash and cash equivalents		$	7,058	$	53	$	9,607	$	16,718
Marketable securities
U.S. government	1	$	3,014	$	—	$	289	$	3,303
U.S. government agencies	2	1,953		—		65		2,018
Non-U.S. government and agencies	2	4,674		—		610		5,284
Corporate debt	2	5,614		—		198		5,812
Equities (a)	1	424		—		—		424
Other marketable securities	2	246		—		146		392
Total marketable securities		$	15,925	$	—	$	1,308	$	17,233
Restricted cash		$	16	$	33	$	140	$	189
		March 31, 2019
	Fair Value  Level	Automotive		Mobility		Ford Credit		Consolidated
Cash and cash equivalents
U.S. government	1	$	1,044	$	—	$	1,112	$	2,156
U.S. government agencies	2	325		—		599		924
Non-U.S. government and agencies	2	658		—		394		1,052
Corporate debt	2	484		—		639		1,123
Total marketable securities classified as cash equivalents		2,511		—		2,744		5,255
Cash, time deposits, and money market funds		6,481		123		8,989		15,593
Total cash and cash equivalents		$	8,992	$	123	$	11,733	$	20,848
Marketable securities
U.S. government	1	$	2,769	$	—	$	241	$	3,010
U.S. government agencies	2	1,940		—		40		1,980
Non-U.S. government and agencies	2	4,219		—		803		5,022
Corporate debt	2	5,375		—		556		5,931
Equities (a)	1	478		—		—		478
Other marketable securities	2	255		—		206		461
Total marketable securities		$	15,036	$	—	$	1,846	$	16,882
Restricted cash		$	6	$	44	$	121	$	171

__________

(a) Net unrealized gains/losses on equities were a $25 milliongain and a $54 milliongain at December 31, 2018 and March 31, 2019, 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, 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	$	2,933	$	5	$	(10	)	$	2,928	$	1,714	$	1,214	$	—
U.S. government agencies	1,920		—		(18		)	1,902		797		1,087		18
Non-U.S. government and agencies	3,841		4		(37		)	3,808		194		3,614		—
Corporate debt	4,010		3		(33		)	3,980		1,148		2,830		2
Other marketable securities	207		—		—			207		1		134		72
Total	$	12,911	$	12	$	(98	)	$	12,825	$	3,854	$	8,879	$	92
	March 31, 2019
										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	$	2,914	$	7	$	(5	)	$	2,916	$	1,884	$	1,027	$	5
U.S. government agencies	1,972		1		(10		)	1,963		1,106		851		6
Non-U.S. government and agencies	3,639		8		(17		)	3,630		362		3,263		5
Corporate debt	5,154		21		(9		)	5,166		2,199		2,964		3
Other marketable securities	212		1		—			213		1		135		77
Total	$	13,891	$	38	$	(41	)	$	13,888	$	5,552	$	8,240	$	96

Sales proceeds and gross realized gains/losses from the sale of AFS debt securities for the periods ended March 31 were as follows (in millions):

	First Quarter
	2018		2019
Automotive
Sales proceeds	$	1,339	$	1,142
Gross realized gains	—		2
Gross realized losses	6		5

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, 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	$	199	$	(1	)	$	1,637	$	(9	)	$	1,836	$	(10	)
U.S. government agencies	193		(1		)	1,596		(17		)	1,789		(18		)
Non-U.S. government and agencies	341		(1		)	2,445		(36		)	2,786		(37		)
Corporate debt	1,816		(16		)	856		(17		)	2,672		(33		)
Other marketable securities	125		—			—		—			125		—
Total	$	2,674	$	(19	)	$	6,534	$	(79	)	$	9,208	$	(98	)
	March 31, 2019
	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	$	324	$	—		$	685	$	(5	)	$	1,009	$	(5	)
U.S. government agencies	90		—			1,524		(10		)	1,614		(10		)
Non-U.S. government and agencies	25		—			2,171		(17		)	2,196		(17		)
Corporate debt	233		(1		)	1,110		(8		)	1,343		(9		)
Other marketable securities	22		—			48		—			70		—
Total	$	694	$	(1	)	$	5,538	$	(40	)	$	6,232	$	(41	)

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, 2018		March 31, 2019
Cash and cash equivalents	$	16,718	$	20,848
Restricted cash (a)	189		171
Total cash, cash equivalents, and restricted cash	$	16,907	$	21,019

__________

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