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Cash, Cash Equivalents, and Marketable Securities (Notes)
 9 Months Ended
Sep. 30, 2023
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, 2022
 Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$3,295 $1,045 $4,340 
U.S. government agencies22,245 150 2,395 
Non-U.S. government and agencies21,048 199 1,247 
Other cash equivalents210 — 10 
Corporate debt2593 792 1,385 
Total marketable securities classified as cash equivalents
7,191 2,186 9,377 
Cash, time deposits, and money market funds7,550 8,207 15,757 
Total cash and cash equivalents$14,741 $10,393 $25,134 
Marketable securities
U.S. government1$4,947 $187 $5,134 
U.S. government agencies22,641 221 2,862 
Non-U.S. government and agencies22,625 658 3,283 
Corporate debt26,755 266 7,021 
Equities (a)1223 — 223 
Other marketable securities2252 161 413 
Total marketable securities$17,443 $1,493 $18,936 
Restricted cash$79 $127 $206 
September 30, 2023
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$3,019 $2,111 $5,130 
U.S. government agencies23,148 100 3,248 
Non-U.S. government and agencies2673 280 953 
Corporate debt2889 659 1,548 
Total marketable securities classified as cash equivalents
7,729 3,150 10,879 
Cash, time deposits, and money market funds8,047 7,501 15,548 
Total cash and cash equivalents$15,776 $10,651 $26,427 
Marketable securities
U.S. government1$4,022 $274 $4,296 
U.S. government agencies21,645 223 1,868 
Non-U.S. government and agencies22,242 549 2,791 
Corporate debt24,951 269 5,220 
Equities (a)123 — 23 
Other marketable securities2341 149 490 
Total marketable securities$13,224 $1,464 $14,688 
Restricted cash$83 $124 $207 
__________
(a)Net unrealized gains/losses recognized during full year 2022 and the first nine months of 2023 on all equity securities held at December 31, 2022 and September 30, 2023 were a $968 million loss and a $6 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, 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$4,797 $1 $(145)$4,653 $1,008 $3,645 $— 
U.S. government agencies2,508 — (119)2,389 1,244 1,109 36 
Non-U.S. government and agencies2,248 — (132)2,116 294 1,810 12 
Corporate debt7,511 6 (197)7,320 3,117 4,195 8 
Other marketable securities246 — (9)237 — 181 56 
Total$17,310 $7 $(602)$16,715 $5,663 $10,940 $112 
 
September 30, 2023
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$4,073 $— $(119)$3,954 $1,787 $2,158 $9 
U.S. government agencies1,728 — (90)1,638 511 1,108 19 
Non-U.S. government and agencies2,173 — (108)2,065 762 1,291 12 
Corporate debt5,958 1 (149)5,810 1,536 4,257 17 
Other marketable securities314 — (6)308 — 247 61 
Total
$14,246 $1 $(472)$13,775 $4,596 $9,061 $118 

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
2022202320222023
Company excluding Ford Credit
Sales proceeds$692 $506 $5,814 $2,384 
Gross realized gains— — 7 1 
Gross realized losses5 6 20 27 
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, 2022
Less than 1 Year1 Year or GreaterTotal
 Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit  
U.S. government$2,860 $(52)$1,570 $(93)$4,430 $(145)
U.S. government agencies707 (14)1,658 (105)2,365 (119)
Non-U.S. government and agencies751 (23)1,271 (109)2,022 (132)
Corporate debt4,571 (79)1,737 (118)6,308 (197)
Other marketable securities123 (4)108 (5)231 (9)
Total
$9,012 $(172)$6,344 $(430)$15,356 $(602)
 
September 30, 2023
Less than 1 Year1 Year or GreaterTotal
Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Company excluding Ford Credit
U.S. government$1,014 $(19)$2,939 $(100)$3,953 $(119)
U.S. government agencies290 (3)1,348 (87)1,638 (90)
Non-U.S. government and agencies304 (4)1,760 (104)2,064 (108)
Corporate debt3,000 (31)2,644 (118)5,644 (149)
Other marketable securities161 (1)140 (5)301 (6)
Total
$4,769 $(58)$8,831 $(414)$13,600 $(472)

We determine credit losses on AFS debt securities using the specific identification method. During the first nine months of 2023, 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,
2022		September 30,
2023
Cash and cash equivalents$25,134 $26,427 
Restricted cash (a)206 207 
Total cash, cash equivalents, and restricted cash$25,340 $26,634 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.