Accumulated Other Comprehensive Income/(Loss) (Tables)

6 Months Ended

Jun. 30, 2023

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
	2022		2023		2022		2023
Foreign currency translation
Beginning balance	$	(5,341)	$	(5,923)	$	(5,487)	$	(6,416)
Gains/(Losses) on foreign currency translation	(996)		276		(1,067)		761
Less: Tax/(Tax benefit) (a)	65		—		(31)		(10)
Net gains/(losses) on foreign currency translation	(1,061)		276		(1,036)		771
(Gains)/Losses reclassified from AOCI to net income (b)	47		(2)		168		(4)
Other comprehensive income/(loss), net of tax (c)	(1,014)		274		(868)		767
Ending balance	$	(6,355)	$	(5,649)	$	(6,355)	$	(5,649)
Marketable securities
Beginning balance	$	(272)	$	(332)	$	(19)	$	(442)
Gains/(Losses) on available for sale securities	(118)		(67)		(448)		68
Less: Tax/(Tax benefit)	(29)		(16)		(106)		17
Net gains/(losses) on available for sale securities	(89)		(51)		(342)		51
(Gains)/Losses reclassified from AOCI to net income	8		9		8		20
Less: Tax/(Tax benefit)	2		2		2		5
Net (gains)/losses reclassified from AOCI to net income	6		7		6		15
Other comprehensive income/(loss), net of tax	(83)		(44)		(336)		66
Ending balance	$	(355)	$	(376)	$	(355)	$	(376)
Derivative instruments
Beginning balance	$	(49)	$	74	$	(193)	$	129
Gains/(Losses) on derivative instruments	(126)		(436)		30		(491)
Less: Tax/(Tax benefit)	(30)		(113)		7		(127)
Net gains/(losses) on derivative instruments	(96)		(323)		23		(364)
(Gains)/Losses reclassified from AOCI to net income	6		(49)		38		(66)
Less: Tax/(Tax benefit)	4		(3)		11		(6)
Net (gains)/losses reclassified from AOCI to net income (d)	2		(46)		27		(60)
Other comprehensive income/(loss), net of tax	(94)		(369)		50		(424)
Ending balance	$	(143)	$	(295)	$	(143)	$	(295)
Pension and other postretirement benefits
Beginning balance	$	(2,632)	$	(2,607)	$	(2,640)	$	(2,610)
Amortization and recognition of prior service costs/(credits)	6		6		12		12
Less: Tax/(Tax benefit)	2		2		3		3
Net prior service costs/(credits) reclassified from AOCI to net income	4		4		9		9
Translation impact on non-U.S. plans	8		(1)		11		(3)
Other comprehensive income/(loss), net of tax	12		3		20		6
Ending balance	$	(2,620)	$	(2,604)	$	(2,620)	$	(2,604)
Total AOCI ending balance at June 30	$	(9,473)	$	(8,924)	$	(9,473)	$	(8,924)

__________

(a)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future. However, we have made elections to tax certain non-U.S. operations simultaneously in U.S. tax returns, and have recorded deferred taxes for temporary differences that will reverse, independent of repatriation plans, in U.S. tax returns. Taxes or tax benefits resulting from foreign currency translation of the temporary differences are recorded in Other comprehensive income/(loss), net of tax.

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

(c)Excludes a $4 million loss and a $4 million gain in 2022 and 2023, respectively.

(d)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net losses on cash flow hedges of $139 million (see Note 15).