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Debt (Tables)
 9 Months Ended
Sep. 30, 2019
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,
2018
 
September 30,
2019
Debt payable within one year
 
 
 
Short-term
$
614

 
$
512

Long-term payable within one year
 

 
 

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

 
591

Other debt
1,125

 
519

Unamortized (discount)/premium
(16
)
 
—

Total debt payable within one year
2,314

 
1,622

Long-term debt payable after one year
 

 
 

Public unsecured debt securities (a)
9,033

 
9,783

DOE ATVM Incentive Program
1,470

 
1,027

Delayed draw term loan (b)
—

 
1,500

Other debt
1,026

 
562

Adjustments
 
 
 
Unamortized (discount)/premium
(224
)
 
(164
)
Unamortized issuance costs
(72
)
 
(93
)
Total long-term debt payable after one year
11,233

 
12,615

Total Automotive
$
13,547

 
$
14,237

Fair value of Automotive debt (c)
$
13,319

 
$
14,806

Ford Credit
 

 
 

Debt payable within one year
 

 
 

Short-term
$
14,705

 
$
13,541

Long-term payable within one year
 

 
 

Unsecured debt
14,373

 
14,854

Asset-backed debt
22,130

 
24,496

Adjustments
 
 
 
Unamortized (discount)/premium
2

 
—

Unamortized issuance costs
(16
)
 
(19
)
Fair value adjustments (d)
(15
)
 
(20
)
Total debt payable within one year
51,179

 
52,852

Long-term debt payable after one year
 
 
 
Unsecured debt
52,409

 
55,651

Asset-backed debt
36,844

 
30,209

Adjustments
 
 
 
Unamortized (discount)/premium
—

 
(2
)
Unamortized issuance costs
(195
)
 
(200
)
Fair value adjustments (d)
(171
)
 
764

Total long-term debt payable after one year
88,887

 
86,422

Total Ford Credit
$
140,066

 
$
139,274

Fair value of Ford Credit debt (c)
$
138,809

 
$
140,110

Other
 
 
 
Long-term debt payable within one year
$
—

 
$
130

Long-term debt payable after one year
 
 
 
Unsecured debt
604

 
474

Adjustments
 
 
 
Unamortized (discount)/premium
(3
)
 
(3
)
Unamortized issuance costs
(1
)
 
(1
)
Total long-term debt payable after one year
600

 
470

Total Other
$
600

 
$
600

Fair value of Other debt
$
697

 
$
709

__________
(a)
Public unsecured debt securities increased by $750 million reflecting our unsecured debt (retail bond) issuance in the second quarter of 2019.
(b)
We drew $500 million in the second quarter of 2019 and $1 billion in the third quarter of 2019 under our delayed draw term loan facility.
(c)
The fair value of debt includes $458 million and $396 million of Automotive segment short-term debt and $13.8 billion and $12.7 billion of Ford Credit segment short-term debt at December 31, 2018 and September 30, 2019, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.
(d)
These adjustments relate to designated fair value hedges. The carrying value of hedged debt was $38 billion and $39.3 billion at December 31, 2018 and September 30, 2019, respectively.