Equity in Net Assets of Affiliated Companies (Tables)

12 Months Ended

Dec. 31, 2020

Equity Method Investment, Summarized Financial Information [Abstract]

Schedule of Equity Method Investments [Table Text Block]

Our carrying value and ownership percentages of our equity method investments at December 31 were as follows (in millions, except percentages):

	Investment Balance				Ownership Percentage
	2019		2020		2020
Argo AI, LLC (see Note 22)	$	—	$	2,368	42	%
Changan Ford Automobile Corporation, Limited (a) (b)	672		691		50
Jiangling Motors Corporation, Limited (b)	544		592		32
AutoAlliance (Thailand) Co., Ltd.	435		428		50
Ford Otomotiv Sanayi Anonim Sirketi	274		328		41
Getrag Ford Transmissions GmbH (b)	209		131		50
FFS Finance South Africa (Pty) Limited	88		76		50
Ford Sollers Netherlands B.V. (see Note 21)	93		75		49
Ionity Holding GmbH & Co. KG	58		52		20
Other	146		160		Various
Total	$	2,519	$	4,901

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(a)In 2019, Changan Ford Automobile Corporation, Limited recorded a long-lived asset impairment charge, our share of which was $99 million, and is included in Equity in net income/(loss) of affiliated companies.

(b)In 2020, Changan Ford Automobile Corporation, Limited, Jiangling Motors Corporation, Limited, and Getrag Ford Transmissions GmbH recorded restructuring charges, our share of which was $15 million, $40 million, and $91 million, respectively. These charges are included in Equity in net income/(loss) of affiliated companies.

We recorded $330 million, $244 million, and $180 million of dividends from these affiliated companies for the years ended December 31, 2018, 2019, and 2020, respectively.

In the ordinary course of business, we buy/sell various products and services including vehicles, parts, and components to/from our equity method investees. In addition, we receive royalty income.

Transactions with equity method investees reported for the years ended or at December 31 were as follows (in millions):

	For the years ended December 31,
Income Statement	2018		2019		2020
Sales	$	4,426	$	3,541	$	4,126
Purchases	10,477		10,106		8,439
Royalty income	374		250		381

Balance Sheet	2019		2020
Receivables	$	785	$	795
Payables	694		928