Accumulated Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 30, 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 June 30 were as follows (in millions):

	Second Quarter				First Half
	2020		2021		2020		2021
Foreign currency translation
Beginning balance	$	(6,079)	$	(5,237)	$	(4,626)	$	(5,526)
Gains/(Losses) on foreign currency translation	(141)		(46)		(1,547)		348
Less: Tax/(Tax benefit)	(50)		(30)		(23)		67
Net gains/(losses) on foreign currency translation	(91)		(16)		(1,524)		281
(Gains)/Losses reclassified from AOCI to net income (a)	(11)		4		(31)		(4)
Other comprehensive income/(loss), net of tax (b)	(102)		(12)		(1,555)		277
Ending balance	$	(6,181)	$	(5,249)	$	(6,181)	$	(5,249)
Marketable securities
Beginning balance	$	85	$	91	$	71	$	156
Gains/(Losses) on available for sale securities	146		(10)		165		(86)
Less: Tax/(Tax benefit)	33		(3)		38		(22)
Net gains/(losses) on available for sale securities	113		(7)		127		(64)
(Gains)/Losses reclassified from AOCI to net income	(18)		(4)		(18)		(15)
Less: Tax/(Tax benefit)	(4)		(1)		(4)		(4)
Net (gains)/losses reclassified from AOCI to net income	(14)		(3)		(14)		(11)
Other comprehensive income/(loss), net of tax	99		(10)		113		(75)
Ending balance	$	184	$	81	$	184	$	81
Derivative instruments
Beginning balance	$	204	$	(567)	$	(488)	$	(266)
Gains/(Losses) on derivative instruments	(64)		(10)		732		(391)
Less: Tax/(Tax benefit)	(23)		(3)		150		(77)
Net gains/(losses) on derivative instruments	(41)		(7)		582		(314)
(Gains)/Losses reclassified from AOCI to net income	18		153		102		160
Less: Tax/(Tax benefit)	1		34		16		35
Net (gains)/losses reclassified from AOCI to net income (c)	17		119		86		125
Other comprehensive income/(loss), net of tax	(24)		112		668		(189)
Ending balance	$	180	$	(455)	$	180	$	(455)
Pension and other postretirement benefits
Beginning balance	$	(2,671)	$	(2,657)	$	(2,685)	$	(2,658)
Amortization and recognition of prior service costs/(credits)	22		17		26		20
Less: Tax/(Tax benefit)	3		3		4		4
Net prior service costs/(credits) reclassified from AOCI to net income	19		14		22		16
Translation impact on non-U.S. plans	(2)		(2)		9		(3)
Other comprehensive income/(loss), net of tax	17		12		31		13
Ending balance	$	(2,654)	$	(2,645)	$	(2,654)	$	(2,645)
Total AOCI ending balance at June 30	$	(8,471)	$	(8,268)	$	(8,471)	$	(8,268)

__________

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

(b)In 2021, excludes a gain of $2 million related to noncontrolling interests.

(c)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net losses on cash flow hedges of $304 million (see Note 15).