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Accumulated Other Comprehensive Income/(Loss) (Notes)
 12 Months Ended
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the years ended December 31 were as follows (in millions):
202120222023
Foreign currency translation
Beginning balance$(5,526)$(5,487)$(6,416)
Gains/(Losses) on foreign currency translation200 (1,199)967 
Less: Tax/(Tax benefit) (a)143 (2)(10)
Net gains/(losses) on foreign currency translation 57 (1,197)977 
(Gains)/Losses reclassified from AOCI to net income (b)(18)268 (4)
Other comprehensive income/(loss), net of tax (c)39 (929)973 
Ending balance$(5,487)$(6,416)$(5,443)
Marketable securities
Beginning balance$156 $(19)$(442)
Gains/(Losses) on available for sale securities(209)(576)326 
Less: Tax/(Tax benefit)(52)(139)80 
Net gains/(losses) on available for sale securities(157)(437)246 
(Gains)/Losses reclassified from AOCI to net income(23)19 35 
Less: Tax/(Tax benefit)(5)5 9 
Net (gains)/losses reclassified from AOCI to net income (b)(18)14 26 
Other comprehensive income/(loss), net of tax(175)(423)272 
Ending balance$(19)$(442)$(170)
Derivative instruments
Beginning balance$(266)$(193)$129 
Gains/(Losses) on derivative instruments(169)346 (519)
Less: Tax/(Tax benefit)(20)83 (126)
Net gains/(losses) on derivative instruments(149)263 (393)
(Gains)/Losses reclassified from AOCI to net income280 80 (83)
Less: Tax/(Tax benefit)58 21 (16)
Net (gains)/losses reclassified from AOCI to net income (d)222 59 (67)
Other comprehensive income/(loss), net of tax73 322 (460)
Ending balance$(193)$129 $(331)
Pension and other postretirement benefits
Beginning balance$(2,658)$(2,640)$(2,610)
Prior service (costs)/credits arising during the period (e)— — (659)
Less: Tax/(Tax benefit)— — (157)
Net prior service (costs)/credits arising during the period
— — (502)
Amortization and recognition of prior service costs/(credits) (f)27 21 25 
Less: Tax/(Tax benefit)6 4 6 
Net prior service costs/(credits) reclassified from AOCI to net income
21 17 19 
Translation impact on non-U.S. plans
(3)13 (5)
Other comprehensive income/(loss), net of tax18 30 (488)
Ending balance$(2,640)$(2,610)$(3,098)
Total AOCI ending balance at December 31$(8,339)$(9,339)$(9,042)
__________
(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 gain of $4 million, a loss of $4 million, and a gain of $1 million related to noncontrolling interests in 2021, 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 $151 million. See Note 20 for additional information.
(e)Reflects benefit enhancements included in the collective bargaining agreements with the UAW and Unifor ratified in 2023.
(f)Amortization and recognition of prior service costs/(credits) is included in the computation of net periodic pension cost/(income). See Note 17 for additional information