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Cash, Cash Equivalents, and Marketable Securities (Notes)
 9 Months Ended
Sep. 30, 2022
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, 2021
 Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$2,877 $711 $3,588 
U.S. government agencies2355 240 595 
Non-U.S. government and agencies255 152 207 
Corporate debt2105 940 1,045 
Total marketable securities classified as cash equivalents
3,392 2,043 5,435 
Cash, time deposits, and money market funds6,185 8,920 15,105 
Total cash and cash equivalents$9,577 $10,963 $20,540 
Marketable securities
U.S. government1$4,018 $864 $4,882 
U.S. government agencies22,270 75 2,345 
Non-U.S. government and agencies23,373 697 4,070 
Corporate debt26,299 304 6,603 
Equities (a)110,673 — 10,673 
Other marketable securities2247 233 480 
Total marketable securities$26,880 $2,173 $29,053 
Restricted cash$69 $128 $197 
September 30, 2022
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$3,067 $30 $3,097 
U.S. government agencies21,336 — 1,336 
Non-U.S. government and agencies21,401 369 1,770 
Other cash equivalents28 — 8 
Corporate debt2773 663 1,436 
Total marketable securities classified as cash equivalents
6,585 1,062 7,647 
Cash, time deposits, and money market funds8,612 5,289 13,901 
Total cash and cash equivalents$15,197 $6,351 $21,548 
Marketable securities
U.S. government1$4,332 $305 $4,637 
U.S. government agencies22,426 245 2,671 
Non-U.S. government and agencies22,613 866 3,479 
Corporate debt26,265 265 6,530 
Equities (a)1878 — 878 
Other marketable securities2266 164 430 
Total marketable securities$16,780 $1,845 $18,625 
Restricted cash$71 $102 $173 
__________
(a)Includes $10.6 billion and $817 million of Rivian common shares valued at $103.69 and $32.91 per share as of December 31, 2021 and September 30, 2022, respectively. In the third quarter of 2022, we sold 51.9 million of our Rivian common shares for about $1.8 billion in total proceeds. Net unrealized gains/losses recognized during full year 2021 and the first nine months of 2022 on all equity securities held at December 31, 2021 and September 30, 2022 were an $8.3 billion gain and a $1.8 billion 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, 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$3,821 $12 $(14)$3,819 $1,360 $2,435 $24 
U.S. government agencies2,249 2 (21)2,230 316 1,802 112 
Non-U.S. government and agencies2,599 6 (21)2,584 854 1,708 22 
Corporate debt6,373 21 (23)6,371 2,645 3,726 — 
Other marketable securities228 1 (1)228 — 150 78 
Total$15,270 $42 $(80)$15,232 $5,175 $9,821 $236 
 
September 30, 2022
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$4,200 $— $(152)$4,048 $868 $3,159 $21 
U.S. government agencies2,455 — (131)2,324 982 1,274 68 
Non-U.S. government and agencies2,315 — (140)2,175 325 1,838 12 
Corporate debt7,240 — (239)7,001 3,290 3,701 10 
Other marketable securities262 — (10)252 — 180 72 
Total
$16,472 $— $(672)$15,800 $5,465 $10,152 $183 

Sales proceeds and gross realized gains/losses from the sale of AFS securities for the periods ended September 30 were as follows (in millions):
Third QuarterFirst Nine Months
2021202220212022
Company excluding Ford Credit
Sales proceeds$914 $692 $4,453 $5,814 
Gross realized gains4 — 21 7 
Gross realized losses1 5 3 20 
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, 2021
Less than 1 Year1 Year or GreaterTotal
 Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit  
U.S. government$2,598 $(14)$— $— $2,598 $(14)
U.S. government agencies1,809 (19)73 (2)1,882 (21)
Non-U.S. government and agencies1,614 (20)38 (1)1,652 (21)
Corporate debt3,637 (21)71 (2)3,708 (23)
Other marketable securities178 (1)15 — 193 (1)
Total
$9,836 $(75)$197 $(5)$10,033 $(80)
 
September 30, 2022
Less than 1 Year1 Year or GreaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit
U.S. government$3,205 $(110)$750 $(42)$3,955 $(152)
U.S. government agencies1,185 (35)1,081 (96)2,266 (131)
Non-U.S. government and agencies1,099 (41)1,010 (99)2,109 (140)
Corporate debt6,016 (178)662 (61)6,678 (239)
Other marketable securities216 (9)36 (1)252 (10)
Total
$11,721 $(373)$3,539 $(299)$15,260 $(672)

We determine credit losses on AFS debt securities using the specific identification method. During the first nine months of 2022, 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,
2021		September 30,
2022
Cash and cash equivalents$20,540 $21,548 
Restricted cash (a)197 173 
Total cash, cash equivalents, and restricted cash$20,737 $21,721 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.