Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2018

Finance receivables, net were as follows (in millions):



	December 31, 2017			March 31, 2018
Consumer
Retail financing, gross	$	78,467		$	79,627
Unearned interest supplements from Ford and affiliated companies	(3,280		)	(3,258		)
Consumer finance receivables	75,187			76,369

Non-Consumer
Dealer financing	39,241			43,230
Other financing	2,172			1,937
Non-Consumer finance receivables	41,413			45,167
Total recorded investment	$	116,600		$	121,536

Recorded investment in finance receivables	$	116,600		$	121,536
Allowance for credit losses	(597		)	(600		)
Finance receivables, net	$	116,003		$	120,936

Net finance receivables subject to fair value (a)	$	112,717		$	117,432
Fair value	112,133			116,785

__________


(a)	At December 31, 2017 and March 31, 2018, Finance receivables, net includes $3.3 billion and $3.5 billion, respectively, of direct financing leases that are not subject to fair value disclosure requirements. The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy.

The aging analysis of finance receivables balances was as follows (in millions):



	December 31, 2017		March 31, 2018
Consumer
31-60 days past due	$	748	$	667
61-90 days past due	113		85
91-120 days past due	36		33
Greater than 120 days past due	37		41
Total past due	934		826
Current	74,253		75,543
Consumer finance receivables	75,187		76,369

Non-Consumer
Total past due	122		95
Current	41,291		45,072
Non-Consumer finance receivables	41,413		45,167
Total recorded investment	$	116,600	$	121,536

The credit quality analysis of our dealer financing receivables was as follows (in millions):