Subsequent Event (Notes)

3 Months Ended

Mar. 31, 2020

Debt Instrument [Line Items]

Schedule of Long-term Debt Instruments [Table Text Block]

SUBSEQUENT EVENT

In late March 2020, we suspended our manufacturing operations in regions around the world, other than China, and these operations continue to be idle.  Our key liquidity objective during these unprecedented and uncertain times is to prioritize actions that preserve or improve our cash balance until we are able to resume and sustain normal production and generate revenue. To further increase our liquidity, on April 22, 2020, we issued $8 billion of unsecured notes, consisting of $3.5 billion of three-year 8.5% unsecured notes, $3.5 billion of 9% five-year unsecured notes, and $1 billion of 9.625% ten-year unsecured notes.

The full impact of the COVID-19 pandemic on our full year financial results will depend on future developments, such as the ultimate duration and scope of the outbreak, its impact on our customers, dealers, and suppliers, the rate at which economic conditions, operations, and demand for our products return to pre-COVID-19 levels, and the potential for recession in key markets due to the effects of the pandemic. Accordingly, the ultimate impact on Ford cannot be determined at this time. Nevertheless, despite the uncertainty of the COVID-19 situation, we expect our full year 2020 results of operations to be adversely affected.