Accumulated Other Comprehensive Income/(Loss) (Tables)

3 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the periods ended March 31 were as follows (in millions):

	First Quarter
	2020		2021
Foreign currency translation
Beginning balance	$	(4,626)	$	(5,526)
Gains/(Losses) on foreign currency translation	(1,406)		394
Less: Tax/(Tax benefit)	27		97
Net gains/(losses) on foreign currency translation	(1,433)		297
(Gains)/Losses reclassified from AOCI to net income (a)	(20)		(8)
Other comprehensive income/(loss), net of tax	(1,453)		289
Ending balance	$	(6,079)	$	(5,237)
Marketable securities
Beginning balance	$	71	$	156
Gains/(Losses) on available for sale securities	19		(76)
Less: Tax/(Tax benefit)	5		(19)
Net gains/(losses) on available for sale securities	14		(57)
(Gains)/Losses reclassified from AOCI to net income	—		(11)
Less: Tax/(Tax benefit)	—		(3)
Net (gains)/losses reclassified from AOCI to net income	—		(8)
Other comprehensive income/(loss), net of tax	14		(65)
Ending balance	$	85	$	91
Derivative instruments
Beginning balance	$	(488)	$	(266)
Gains/(Losses) on derivative instruments	796		(381)
Less: Tax/(Tax benefit)	173		(74)
Net gains/(losses) on derivative instruments	623		(307)
(Gains)/Losses reclassified from AOCI to net income	84		7
Less: Tax/(Tax benefit)	15		1
Net (gains)/losses reclassified from AOCI to net income (b)	69		6
Other comprehensive income/(loss), net of tax	692		(301)
Ending balance	$	204	$	(567)
Pension and other postretirement benefits
Beginning balance	$	(2,685)	$	(2,658)
Amortization and recognition of prior service costs/(credits)	4		3
Less: Tax/(Tax benefit)	1		1
Net prior service costs/(credits) reclassified from AOCI to net income	3		2
Translation impact on non-U.S. plans	11		(1)
Other comprehensive income/(loss), net of tax	14		1
Ending balance	$	(2,671)	$	(2,657)
Total AOCI ending balance at March 31	$	(8,461)	$	(8,370)

__________

(a)Reclassified to Other income/(loss), net.

(b)Reclassified to Cost of sales. During the next twelve months we expect to reclassify existing net losses on cash flow hedges of $366 million (see Note 15).