Accumulated Other Comprehensive Income/(Loss) (Tables)

9 Months Ended

Sep. 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 September 30 were as follows (in millions):

	Third Quarter				First Nine Months
	2022		2023		2022		2023
Foreign currency translation
Beginning balance	$	(6,355)	$	(5,649)	$	(5,487)	$	(6,416)
Gains/(Losses) on foreign currency translation	(996)		(368)		(2,063)		393
Less: Tax/(Tax benefit) (a)	36		(1)		5		(11)
Net gains/(losses) on foreign currency translation	(1,032)		(367)		(2,068)		404
(Gains)/Losses reclassified from AOCI to net income (b)	80		(2)		248		(6)
Other comprehensive income/(loss), net of tax (c)	(952)		(369)		(1,820)		398
Ending balance	$	(7,307)	$	(6,018)	$	(7,307)	$	(6,018)
Marketable securities
Beginning balance	$	(355)	$	(376)	$	(19)	$	(442)
Gains/(Losses) on available for sale securities	(199)		30		(647)		98
Less: Tax/(Tax benefit)	(47)		7		(153)		24
Net gains/(losses) on available for sale securities	(152)		23		(494)		74
(Gains)/Losses reclassified from AOCI to net income	5		6		13		26
Less: Tax/(Tax benefit)	1		1		3		6
Net (gains)/losses reclassified from AOCI to net income (b)	4		5		10		20
Other comprehensive income/(loss), net of tax	(148)		28		(484)		94
Ending balance	$	(503)	$	(348)	$	(503)	$	(348)
Derivative instruments
Beginning balance	$	(143)	$	(295)	$	(193)	$	129
Gains/(Losses) on derivative instruments	445		430		475		(61)
Less: Tax/(Tax benefit)	105		111		112		(16)
Net gains/(losses) on derivative instruments	340		319		363		(45)
(Gains)/Losses reclassified from AOCI to net income	35		(3)		73		(69)
Less: Tax/(Tax benefit)	8		(9)		19		(15)
Net (gains)/losses reclassified from AOCI to net income (d)	27		6		54		(54)
Other comprehensive income/(loss), net of tax	367		325		417		(99)
Ending balance	$	224	$	30	$	224	$	30
Pension and other postretirement benefits
Beginning balance	$	(2,620)	$	(2,604)	$	(2,640)	$	(2,610)
Amortization and recognition of prior service costs/(credits)	5		8		17		20
Less: Tax/(Tax benefit)	1		2		4		5
Net prior service costs/(credits) reclassified from AOCI to net income	4		6		13		15
Translation impact on non-U.S. plans	9		1		20		(2)
Other comprehensive income/(loss), net of tax	13		7		33		13
Ending balance	$	(2,607)	$	(2,597)	$	(2,607)	$	(2,597)
Total AOCI ending balance at September 30	$	(10,193)	$	(8,933)	$	(10,193)	$	(8,933)

__________

(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 $3 million gain and a $1 million loss in the third quarter and first nine months of 2022, respectively, and a $2 million loss and $2 million gain in the third quarter and first nine months of 2023, respectively, related to noncontrolling interest.

(d)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net gains on cash flow hedges of $97 million (see Note 15).