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Cash, Cash Equivalents, and Marketable Securities (Notes)
 6 Months Ended
Jun. 30, 2021
Cash, Cash Equivalents, and Marketable Securities [Abstract]  
Cash, Cash Equivalents, and Marketable Securities [Text Block] CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES
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, 2020
 Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$2,940 $3,255 $6,195 
U.S. government agencies2850 640 1,490 
Non-U.S. government and agencies2600 717 1,317 
Corporate debt2605 970 1,575 
Total marketable securities classified as cash equivalents
4,995 5,582 10,577 
Cash, time deposits, and money market funds5,899 8,767 14,666 
Total cash and cash equivalents$10,894 $14,349 $25,243 
Marketable securities
U.S. government1$4,709 $1,082 $5,791 
U.S. government agencies23,259 485 3,744 
Non-U.S. government and agencies24,448 2,693 7,141 
Corporate debt27,095 308 7,403 
Equities (a)1113 — 113 
Other marketable securities2234 292 526 
Total marketable securities$19,858 $4,860 $24,718 
Restricted cash$45 $647 $692 
June 30, 2021
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$2,004 $416 $2,420 
U.S. government agencies2200 50 250 
Non-U.S. government and agencies2426 242 668 
Corporate debt2— 795 795 
Total marketable securities classified as cash equivalents
2,630 1,503 4,133 
Cash, time deposits, and money market funds6,387 12,435 18,822 
Total cash and cash equivalents$9,017 $13,938 $22,955 
Marketable securities
U.S. government1$2,922 $550 $3,472 
U.S. government agencies22,263 225 2,488 
Non-U.S. government and agencies23,882 718 4,600 
Corporate debt26,621 293 6,914 
Equities (a)180 — 80 
Other marketable securities2258 269 527 
Total marketable securities$16,026 $2,055 $18,081 
Restricted cash$64 $143 $207 
__________
(a)Net unrealized gains/losses incurred during the reporting periods on equity securities still held at December 31, 2020 and June 30, 2021 were a $24 million gain and a $19 million loss, respectively.
NOTE 7. CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES (Continued)

The cash equivalents and marketable securities accounted for as available-for-sale (“AFS”) securities were as follows (in millions):
December 31, 2020
Fair Value of Securities with
Contractual Maturities
 Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueWithin 1 YearAfter 1 Year through
5 Years		After 5 Years
Company excluding Ford Credit  
U.S. government$2,894 $44 $— $2,938 $1,649 $1,286 $3 
U.S. government agencies2,588 15 — 2,603 772 1,629 202 
Non-U.S. government and agencies2,926 31 — 2,957 1,330 1,617 10 
Corporate debt7,482 102 (1)7,583 3,566 3,987 30 
Other marketable securities212 3 — 215 1 147 67 
Total$16,102 $195 $(1)$16,296 $7,318 $8,666 $312 
 
June 30, 2021
Fair Value of Securities with
Contractual Maturities
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueWithin 1 YearAfter 1 Year through
5 Years		After 5 Years
Company excluding Ford Credit
U.S. government$2,797 $21 $(1)$2,817 $815 $2,002 $— 
U.S. government agencies2,157 10 (6)2,161 230 1,204 727 
Non-U.S. government and agencies3,613 17 (6)3,624 1,099 2,161 364 
Corporate debt6,504 60 (3)6,561 2,546 3,899 116 
Other marketable securities236 2 (1)237 64 171 2 
Total
$15,307 $110 $(17)$15,400 $4,754 $9,437 $1,209 

Sales proceeds and gross realized gains/losses from the sale of AFS securities for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
2020202120202021
Company excluding Ford Credit
Sales proceeds$2,452 $659 $4,317 $3,539 
Gross realized gains21 4 28 17 
Gross realized losses3 — 10 2 
NOTE 7. CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES (Continued)

The present fair values and gross unrealized losses for cash equivalents and marketable securities accounted for as AFS 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, 2020
Less than 1 Year1 Year or GreaterTotal
 Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit  
U.S. government$181 $— $— $— $181 $— 
U.S. government agencies83 — — — 83 — 
Non-U.S. government and agencies164 — 10 — 174 — 
Corporate debt1,538 (1)9 — 1,547 (1)
Other marketable securities23 — 13 — 36 — 
Total
$1,989 $(1)$32 $— $2,021 $(1)
 
June 30, 2021
Less than 1 Year1 Year or GreaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit
U.S. government$701 $(1)$— $— $701 $(1)
U.S. government agencies1,019 (6)— — 1,019 (6)
Non-U.S. government and agencies1,163 (6)— — 1,163 (6)
Corporate debt890 (3)— — 890 (3)
Other marketable securities79 (1)7 — 86 (1)
Total
$3,852 $(17)$7 $— $3,859 $(17)

We determine credit losses on AFS debt securities using the specific identification method. During the first half of 2021, we did not recognize any credit loss. The unrealized losses on securities are due to changes in interest rates and market liquidity.

Cash, Cash Equivalents, and Restricted Cash

Cash, cash equivalents, and restricted cash, as reported in the consolidated statements of cash flows, were as follows (in millions):
December 31,
2020		June 30,
2021
Cash and cash equivalents$25,243 $22,955 
Restricted cash (a)692 207 
Total cash, cash equivalents, and restricted cash$25,935 $23,162 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.