Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Right-of-Use Assets and Liabilities [Table Text Block]

Lease right-of-use assets and liabilities at December 31 were as follows (in millions):

	2021		2022
Operating leases
Other assets, non-current	$	1,337	$	1,447
Other liabilities and deferred revenue, current	$	345	$	404
Other liabilities and deferred revenue, non-current	1,048		1,101
Total operating lease liabilities	$	1,393	$	1,505
Finance leases
Property and equipment, gross	$	715	$	791
Accumulated depreciation	(68)		(109)
Property and equipment, net	$	647	$	682
Company excluding Ford Credit debt payable within one year	$	76	$	86
Company excluding Ford Credit long-term debt	489		488
Total finance lease liabilities	$	565	$	574

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Supplemental cash flow information related to leases for the years ended December 31 was as follows (in millions):

	2020		2021		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	434	$	424	$	459
Operating cash flows from finance leases	15		14		22
Financing cash flows from finance leases	105		52		83
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	304	$	441	$	528
Finance leases	306		192		95

Lease, Cost [Table Text Block]

The components of lease expense for the years ended December 31 were as follows (in millions):

	2020		2021		2022
Operating lease expense	$	463	$	444	$	463
Variable lease expense	57		49		62
Sublease income	(14)		(16)		(15)
Finance lease expense
Amortization of right-of-use assets	27		34		60
Interest on lease liabilities	15		14		22
Total lease expense	$	548	$	525	$	592

Lessee, Weighted Average Term and Discount Rate [Table Text Block]

The weighted-average remaining lease term and weighted-average discount rate at December 31 were as follows:

	2020		2021		2022
Weighted-average remaining lease term (in years)
Operating leases	6.3		6.0		5.5
Finance leases	14.8		12.1		12.2
Weighted-average discount rate
Operating leases	3.8	%	3.3	%	3.7	%
Finance leases	3.5		3.3		3.9

Finance Lease, Liability, Fiscal Year Maturity

The amounts contractually due on our lease liabilities as of December 31, 2022 were as follows (in millions):

	Operating Leases (a)		Finance Leases
2023	$	452	$	107
2024	350		91
2025	253		68
2026	176		62
2027	134		37
Thereafter	309		348
Total	1,674		713
Less: Present value discount	169		139
Total lease liabilities	$	1,505	$	574

__________

(a)    Excludes approximately $300 million in future lease payments for various leases commencing in a future period.