FORD MOTOR CO, 10-Q filed on 5/6/2025
Quarterly Report
v3.25.1
DOCUMENT AND ENTITY INFORMATION Document - shares
 3 Months Ended
Mar. 31, 2025
May 01, 2025
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 1-3950  
Entity Registrant Name Ford Motor Co  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 38-0549190  
Document Fiscal Period Focus Q1  
Entity Address, Address Line One One American Road  
Entity Address, City or Town Dearborn,  
Entity Address, State or Province MI  
Entity Address, Postal Zip Code 48126  
City Area Code 313  
Local Phone Number 322-3000  
Title of 12(b) Security Common Stock, par value $.01 per share  
Trading Symbol F  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Entity Central Index Key 0000037996  
Current Fiscal Year End Date --12-31  
Entity Small Business false  
Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   3,905,696,769
Class B Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   70,852,076
FPRB    
Document Information [Line Items]    
Title of 12(b) Security 6.200% Notes due June 1, 2059  
Trading Symbol FPRB  
Security Exchange Name NYSE  
FPRC    
Document Information [Line Items]    
Title of 12(b) Security 6.000% Notes due December 1, 2059  
Trading Symbol FPRC  
Security Exchange Name NYSE  
FPRD    
Document Information [Line Items]    
Title of 12(b) Security 6.500% Notes due August 15, 2062  
Trading Symbol FPRD  
Security Exchange Name NYSE  
v3.25.1
CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenues $ 40,659 $ 42,777
Costs and expenses    
Cost of sales 35,188 36,476
Selling, administrative, and other expenses 2,431 2,376
Total costs and expenses 40,340 41,552
Operating income/(loss) 319 1,225
Interest expense on Company debt excluding Ford Credit 288 278
Other income/(loss), net 496 498
Equity in net income/(loss) of affiliated companies 94 167
Income/(Loss) before income taxes 621 1,612
Provision for/(Benefit from) income taxes 148 278
Net income/(loss) 473 1,334
Less: Income/(Loss) attributable to noncontrolling interests 2 2
Net income/(loss) attributable to Ford Motor Company $ 471 $ 1,332
Basic income    
Basic income (in dollars per share) $ 0.12 $ 0.33
Diluted income    
Diluted income (in dollars per share) $ 0.12 $ 0.33
Weighted Average Number of Shares Outstanding, Basic 3,968 3,979
Weighted Average Number of Shares Outstanding, Diluted 4,011 4,023
Ford Credit    
Revenues    
Total revenues $ 3,237 $ 2,887
Costs and expenses    
Ford Credit interest, operating, and other expenses 2,721 2,700
Company excluding Ford Credit    
Revenues    
Total revenues $ 37,422 $ 39,890
v3.25.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income/(loss) $ 473 $ 1,334
Foreign currency translation 521 (114)
Marketable Securities 67 (8)
Derivative Instruments (129) 205
Pension and other postretirement benefits 22 27
Total other comprehensive income/(loss), net of tax 481 110
Comprehensive income/(loss) 954 1,444
Less: Comprehensive income/(loss) attributable to noncontrolling interests 2 2
Comprehensive income attributable to Ford Motor Company $ 952 $ 1,442
v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 20,864 $ 22,935
Marketable securities 14,362 15,413
Financing Receivable, after Allowance for Credit Loss, Current 47,997 51,850
Accounts Receivable, after Allowance for Credit Loss, Current 17,225 14,723
Inventories 17,895 14,951
Other assets, current 4,711 4,602
Total current assets 123,054 124,474
Noncurrent Assets    
Financing Receivable, after Allowance for Credit Loss, Noncurrent 59,049 59,786
Net Investment in Operating Leases, Noncurrent 23,820 22,947
Net property 42,471 41,928
Equity in net assets of affiliated companies 5,168 6,821
Deferred Income Tax Assets, Net 17,022 16,375
Other assets, non-current 13,955 12,865
Total assets 284,539 285,196
Current Liabilities    
Payables 26,259 24,128
Other liabilities and deferred revenue (Note 10 and Note 18) 28,033 27,782
Total current liabilities 108,732 106,859
Noncurrent Liabilities    
Other liabilities and deferred revenue (Note 10 and Note 18) 28,883 28,832
Deferred Tax Liabilities, Other 1,434 1,074
Total liabilities 239,879 240,338
EQUITY    
Capital in excess of par value of stock 23,562 23,502
Retained earnings 32,999 33,740
Accumulated Other Comprehensive Income (Loss), Net of Tax (9,158) (9,639)
Treasury stock (2,810) (2,810)
Total equity attributable to Ford Motor Company 44,635 44,835
Equity attributable to noncontrolling interests 25 23
Total equity 44,660 44,858
Total liabilities and equity 284,539 285,196
Variable Interest Entity, Primary Beneficiary    
Current Assets    
Cash and cash equivalents $ 2,404 2,494
Common Stock    
EQUITY    
Common Stock, Par or Stated Value Per Share $ 0.01  
Common Stock, Shares, Issued 4,126  
Common Stock, Shares Authorized 6,000  
Common and Class B Stock $ 41 41
Class B Stock    
EQUITY    
Common Stock, Par or Stated Value Per Share $ 0.01  
Common Stock, Shares, Issued 71  
Common Stock, Shares Authorized 530  
Common and Class B Stock $ 1 1
Ford Credit    
Current Assets    
Financing Receivable, after Allowance for Credit Loss, Current 47,997 51,850
Noncurrent Assets    
Financing Receivable, after Allowance for Credit Loss, Noncurrent 59,049 59,786
Operating Segments | Company excluding Ford Credit    
Current Assets    
Cash and cash equivalents 13,413 13,663
Current Liabilities    
Debt payable within one year 4,286 1,756
Noncurrent Liabilities    
Long-term debt 16,644 18,898
Operating Segments | Ford Credit    
Current Assets    
Cash and cash equivalents 7,451 9,272
Noncurrent Assets    
Total assets 154,183  
Current Liabilities    
Debt payable within one year 50,154 53,193
Noncurrent Liabilities    
Long-term debt $ 84,186 $ 84,675
v3.25.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents $ 20,864 $ 22,935
Financing Receivable, Allowance for Credit Loss, Current 257 247
Accounts Receivable, Allowance for Credit Loss, Current 94 84
Financing Receivable, Allowance for Credit Loss, Noncurrent 624 617
Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents 2,404 2,494
Total finance receivables, net 56,439 60,717
Net Investment in Operating Lease 13,241 13,309
Other assets 24 34
Other liabilities and deferred revenue 111 100
Debt $ 44,368 $ 50,855
v3.25.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]    
Net income/(loss) $ 473 $ 1,334
Depreciation and tooling amortization 1,848 1,881
Other amortization (464) (376)
Provision for/(Benefit from) credit losses and insurance losses 161 126
Pension and other postretirement employee benefits (“OPEB”) expense/(income) (Note 11) 94 166
Equity method investment (earnings)/losses and impairments in excess of dividends received (14) (154)
Foreign currency adjustments 38 (12)
Net realized and unrealized (gains)/losses on cash equivalents, marketable securities, and other investments (32) 29
Stock compensation 121 126
Provision for/(Benefit from) deferred income taxes (54) (28)
Decrease/(Increase) in finance receivables (wholesale and other) 2,427 (1,121)
Decrease/(Increase) in accounts receivable and other assets (1,294) (806)
Decrease/(Increase) in inventory (2,677) (3,154)
Increase/(Decrease) in accounts payable and accrued and other liabilities 3,020 3,333
Other 32 41
Net cash provided by/(used in) operating activities 3,679 1,385
Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract]    
Capital spending (1,818) (2,094)
Acquisitions of finance receivables and operating leases (11,611) (14,829)
Collections of finance receivables and operating leases 10,983 11,238
Purchases of marketable securities and other investments (2,433) (2,985)
Sales and maturities of marketable securities and other investments 3,617 3,579
Settlements of derivatives (180) (184)
Payments to Acquire Equity Method Investments (3) (639)
Proceeds from Equity Method Investment, Distribution, Return of Capital 1,700 0
Other (45) 34
Net cash provided by/(used in) investing activities 210 (5,880)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]    
Cash payments for dividends and dividend equivalents (1,196) (1,326)
Purchases of common stock 0 0
Net changes in short-term debt (564) (1,201)
Proceeds from issuance of long-term debt 11,979 16,488
Payments of long-term debt (16,223) (14,225)
Other (116) (194)
Net cash provided by/(used in) financing activities (6,120) (458)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect [Abstract]    
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 118 (171)
Net increase/(decrease) in cash, cash equivalents, and restricted cash (2,113) (5,124)
Cash, cash equivalents, and restricted cash at beginning of period (Note 7) 23,190 25,110
Cash, cash equivalents, and restricted cash at end of period (Note 7) $ 21,077 $ 19,986
v3.25.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
O2024Q1Dividends
O2025Q1Dividends
S2024Q1Dividends
S2025Q1Dividends
Capital Stock
Cap. in Excess of Par Value of Stock
Retained Earnings
Accumulated Other Comprehensive Income/(Loss) (Note 16)
Treasury Stock, Common [Member]
Total
Equity Attributable to Non-controlling Interests
Increase (Decrease) in Stockholders' Equity                        
Total equity attributable to Ford Motor Company $ 42,773         $ 42 $ 23,128 $ 31,029 $ (9,042) $ (2,384)    
Equity attributable to noncontrolling interests 25                      
Beginning balance at Dec. 31, 2023 42,798                      
Increase (Decrease) in Stockholders' Equity                        
Net income/(loss) 1,334                      
Other comprehensive income/(loss), net 110                      
Common Stock issued (a) (3) [1]         0 (3) 0 0 0 $ (3) [1] $ 0
Treasury stock/other  $ 0         0 0 0 0 0 0 0
Per share dividend of Common and Class B Stock $ 0.33 $ 0.15   $ 0.18                
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders $ 0                      
Dividends and dividend equivalents declared (1,342) [2]         0 0 (1,342) 0 0 (1,342) [2]  
Ending balance at Mar. 31, 2024 42,897                      
Increase (Decrease) in Stockholders' Equity                        
Less: Income/(Loss) attributable to noncontrolling interests 2                      
Net Income (Loss) Attributable to Parent 1,332         0 0 1,332 0 0    
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest 0                      
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent 110         0 0 0 110 0    
Total equity attributable to Ford Motor Company 42,870         42 23,125 31,019 (8,932) (2,384)    
Equity attributable to noncontrolling interests 27                      
Total equity attributable to Ford Motor Company 44,835         42 23,502 33,740 (9,639) (2,810)    
Equity attributable to noncontrolling interests 23                      
Beginning balance at Dec. 31, 2024 44,858                      
Increase (Decrease) in Stockholders' Equity                        
Net income/(loss) 473                      
Other comprehensive income/(loss), net 481                      
Common Stock issued (a) 60 [1]         0 60 [1] 0 [1] 0 [1] 0 [1] 60 [1] 0 [1]
Treasury stock/other  $ 0         0 0 0 0 0 0 $ 0
Per share dividend of Common and Class B Stock $ 0.30   $ 0.15   $ 0.15              
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders [2] $ 0                      
Dividends and dividend equivalents declared (1,212) [2]         0 0 [2] (1,212) [2] 0 [2] 0 [2] $ (1,212) [2]  
Ending balance at Mar. 31, 2025 44,660                      
Increase (Decrease) in Stockholders' Equity                        
Less: Income/(Loss) attributable to noncontrolling interests 2                      
Net Income (Loss) Attributable to Parent 471         0 0 471 0 0    
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest 0                      
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent 481         0 0 0 481 0    
Total equity attributable to Ford Motor Company 44,635         $ 42 $ 23,562 $ 32,999 $ (9,158) $ (2,810)    
Equity attributable to noncontrolling interests $ 25                      
[1] Includes impact of share-based compensation.
[2] Dividends and dividend equivalents declared for Common and Class B Stock. In the first quarter of 2024 and 2025, in addition to a regular dividend of $0.15 per share, we declared a supplemental dividend of $0.18 per share and $0.15 per share, respectively.
v3.25.1
Presentation
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
PRESENTATION PRESENTATION
For purposes of this report, “Ford,” the “Company,” “we,” “our,” “us,” or similar references mean Ford Motor Company, our consolidated subsidiaries, and our consolidated VIEs of which we are the primary beneficiary, unless the context requires otherwise. We also make reference to Ford Motor Credit Company LLC, herein referenced to as Ford Credit. Our consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, instructions to the Quarterly Report on Form 10-Q, and Rule 10-01 of Regulation S-X. We reclassified certain prior year amounts in our consolidated financial statements to conform to the current year presentation.

In the opinion of management, these unaudited financial statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of our results of operations and financial condition for the periods, and at the dates, presented.  The results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year.  Reference should be made to the financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2024 (“2024 Form 10-K Report”).
v3.25.1
New Accounting Standards (Notes)
 3 Months Ended
Mar. 31, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]  
NEW ACCOUNTING STANDARDS NEW ACCOUNTING STANDARDS
Adoption of New Accounting Standards

Accounting Standards Updates (“ASUs”) adopted during 2025 did not have a material impact to our consolidated financial statements or financial statement disclosures.

Accounting Standards Issued But Not Yet Adopted

ASU 2023-09, Improvements to Income Tax Disclosures. In December 2023, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard to enhance the transparency and decision usefulness of income tax disclosures. The new standard is effective for our 2025 annual financial statements, and the new disclosure requirements will be reflected in our annual financial statement disclosures, primarily related to the effective tax rate reconciliation and cash paid for income taxes. There will be no impact to our consolidated balance sheets or income statements.

ASU 2024-03, Disaggregation of Income Statement Expenses (“DISE”). In November 2024, the FASB issued a new accounting standard to improve the disclosures about an entity’s expenses and address requests from investors for more detailed information about the types of expenses included in commonly presented expense captions. The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with retrospective application permitted. We are assessing the effect on our consolidated financial statement disclosures; however, adoption will not impact our consolidated balance sheets or income statements.

All other ASUs issued but not yet adopted were assessed and determined to be not applicable or are not expected to have a material impact on our consolidated financial statements or financial statement disclosures.
v3.25.1
Revenue (Notes)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following tables disaggregate our revenue by major source for the periods ended March 31 (in millions):
First Quarter 2024
Company excluding Ford CreditFord CreditConsolidated
Vehicles, parts, and accessories$38,645 $— $38,645 
Used vehicles510 — 510 
Services and other revenue (a)688 20 708 
Revenues from sales and services
39,843 20 39,863 
Leasing income47 1,017 1,064 
Financing income— 1,819 1,819 
Insurance income— 31 31 
Total revenues$39,890 $2,887 $42,777 
First Quarter 2025
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$35,867 $— $35,867 
Used vehicles685 — 685 
Services and other revenue (a)803 18 821 
Revenues from sales and services
37,355 18 37,373 
Leasing income67 1,131 1,198 
Financing income— 2,046 2,046 
Insurance income— 42 42 
Total revenues$37,422 $3,237 $40,659 
__________
(a)Includes extended service contract revenue.

The amount of consideration we receive and revenue we recognize on our vehicles, parts, and accessories varies with changes in return rights, marketing incentives we offer to our customers and their customers, and other pricing adjustments. Estimates of marketing incentives and other pricing adjustments are based on our expectation of retail and fleet sales volumes, mix of products to be sold, competitor actions, and incentive programs to be offered. Customer acceptance of products and programs, as well as other market conditions, will impact these estimates. As a result of changes in our estimate of variable consideration (e.g., marketing incentives), we recorded a decrease in revenue of $707 million in the first quarter of 2024 and an increase in revenue of $96 million in the first quarter of 2025 related to revenue recognized in prior periods.

We had a balance of $5.3 billion and $5.5 billion of unearned revenue associated primarily with outstanding extended service contracts reported in Other liabilities and deferred revenue at December 31, 2024 and March 31, 2025, respectively. We expect to recognize approximately $1.4 billion of the unearned amount in the remainder of 2025, $1.4 billion in 2026, and $2.7 billion thereafter. We recognized $431 million and $504 million of unearned amounts from prior years as revenue during the first quarter of 2024 and 2025, respectively.

Amounts paid to dealers to obtain extended service contracts are deferred and recorded as Other assets. We had a balance of $312 million and $316 million in deferred costs as of December 31, 2024 and March 31, 2025, respectively. We recognized $26 million and $30 million of amortization during the first quarter of 2024 and 2025, respectively.
v3.25.1
Other Income/(Loss) (Notes)
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
OTHER INCOME/(LOSS) OTHER INCOME/(LOSS)
The amounts included in Other income/(loss), net for the periods ended March 31 were as follows (in millions):
First Quarter
 20242025
Net periodic pension and OPEB income/(cost), excluding service cost (Note 11)
$(24)$11 
Investment-related interest income410 351 
Interest income/(expense) on income taxes
(14)(17)
Realized and unrealized gains/(losses) on cash equivalents, marketable securities, and other investments(29)32 
Gains/(Losses) on changes in investments in affiliates7 7 
Royalty income124 107 
Other24 5 
Total$498 $496 
v3.25.1
Income Taxes (Notes)
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES For interim tax reporting, we estimate one single effective tax rate for tax jurisdictions not subject to a valuation allowance, which is applied to the year-to-date ordinary income/(loss). Tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur.
v3.25.1
Capital Stock and Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
CAPITAL STOCK AND EARNINGS PER SHARE CAPITAL STOCK AND EARNINGS/(LOSS) PER SHARE
Earnings/(Loss) Per Share Attributable to Ford Motor Company Common and Class B Stock

Basic and diluted earnings/(loss) per share were calculated using the following (in millions):
First Quarter
 20242025
Net income/(loss) attributable to Ford Motor Company$1,332 $471 
Basic and Diluted Shares   
Basic shares (average shares outstanding)3,979 3,968 
Net dilutive options, unvested restricted stock units, unvested restricted stock shares, and convertible debt44 43 
Diluted shares4,023 4,011 
v3.25.1
Cash, Cash Equivalents, and Marketable Securities (Notes)
 3 Months Ended
Mar. 31, 2025
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, 2024
 Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$1,099 $854 $1,953 
U.S. government agencies22,529 400 2,929 
Non-U.S. government and agencies21,073 370 1,443 
Corporate debt2659 339 998 
Total marketable securities classified as cash equivalents
5,360 1,963 7,323 
Cash, time deposits, and money market funds8,303 7,309 15,612 
Total cash and cash equivalents$13,663 $9,272 $22,935 
Marketable securities
U.S. government1$3,530 $185 $3,715 
U.S. government agencies21,691 — 1,691 
Non-U.S. government and agencies22,272 79 2,351 
Corporate debt26,676 252 6,928 
Equities122 — 22 
Other marketable securities2516 190 706 
Total marketable securities$14,707 $706 $15,413 
Restricted cash$120 $88 $208 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
$47 $— $47 
March 31, 2025
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$1,850 $33 $1,883 
U.S. government agencies2361 100 461 
Non-U.S. government and agencies22,250 710 2,960 
Corporate debt2306 230 536 
Total marketable securities classified as cash equivalents
4,767 1,073 5,840 
Cash, time deposits, and money market funds8,646 6,378 15,024 
Total cash and cash equivalents$13,413 $7,451 $20,864 
Marketable securities
U.S. government1$3,095 $258 $3,353 
U.S. government agencies21,463 — 1,463 
Non-U.S. government and agencies22,288 82 2,370 
Corporate debt26,219 253 6,472 
Equities112 — 12 
Other marketable securities2504 188 692 
Total marketable securities$13,581 $781 $14,362 
Restricted cash$120 $93 $213 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
$— $— $— 
        
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, 2024
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$3,476 $1 $(27)$3,450 $282 $3,168 $— 
U.S. government agencies1,755 1 (30)1,726 697 1,010 19 
Non-U.S. government and agencies2,039 1 (39)2,001 559 1,429 13 
Corporate debt7,295 35 (21)7,309 2,272 5,033 4 
Other marketable securities486 3 (1)488 — 411 77 
Total$15,051 $41 $(118)$14,974 $3,810 $11,051 $113 
 
March 31, 2025
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$3,018 $11 $(10)$3,019 $93 $2,926 $— 
U.S. government agencies1,542 4 (22)1,524 571 938 15 
Non-U.S. government and agencies2,025 5 (25)2,005 608 1,383 14 
Corporate debt6,453 51 (8)6,496 1,505 4,968 23 
Other marketable securities475 3 — 478 — 394 84 
Total
$13,513 $74 $(65)$13,522 $2,777 $10,609 $136 

Sales proceeds and gross realized gains/losses from the sale of AFS securities for the periods ended March 31 were as follows (in millions):
First Quarter
20242025
Company excluding Ford Credit
Sales proceeds$3,719 $2,449 
Gross realized gains2 5 
Gross realized losses8 3 

We determine credit losses on AFS debt securities using the specific identification method. During the first quarter of 2025, 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 on our consolidated statements of cash flows, were as follows (in millions):
December 31,
2024		March 31,
2025
Cash and cash equivalents$22,935 $20,864 
Restricted cash (a)208 213 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
47 — 
Total cash, cash equivalents, and restricted cash$23,190 $21,077 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.
v3.25.1
Ford Credit Finance Receivables and Allowance for Credit Losses (Notes)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES
Ford Credit manages finance receivables as “consumer” and “non-consumer” portfolios.  The receivables are generally secured by the vehicles, inventory, or other property being financed.

Finance receivables are recorded at the time of origination or purchase at fair value and are subsequently reported at amortized cost, net of any allowance for credit losses.

For all finance receivables, Ford Credit defines “past due” as any payment, including principal and interest, that is at least 31 days past the contractual due date.

Ford Credit finance receivables, net were as follows (in millions):
 December 31,
2024		March 31,
2025
Consumer  
Retail installment contracts, gross$79,459 $78,157 
Finance leases, gross8,357 8,841 
Retail financing, gross87,816 86,998 
Unearned interest supplements(4,598)(4,469)
Consumer finance receivables83,218 82,529 
Non-Consumer 
Dealer financing29,282 25,398 
Non-Consumer finance receivables29,282 25,398 
Total recorded investment$112,500 $107,927 
Recorded investment in finance receivables$112,500 $107,927 
Allowance for credit losses(864)(881)
Total finance receivables, net$111,636 $107,046 
Current portion$51,850 $47,997 
Non-current portion59,786 59,049 
Total finance receivables, net$111,636 $107,046 
Net finance receivables subject to fair value (a)$103,755 $98,721 
Fair value (b)103,231 98,676 
__________
(a)Net finance receivables subject to fair value exclude finance leases.
(b)The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy.

Ford Credit’s finance leases are comprised of sales-type and direct financing leases. Financing revenue from finance leases for the first quarter of 2024 and 2025 was $117 million and $137 million, respectively, and is included in Ford Credit revenues on our consolidated income statements.

At December 31, 2024 and March 31, 2025, accrued interest was $335 million and $310 million, respectively, which we report in Other assets in the current assets section of our consolidated balance sheets.

Included in the recorded investment in finance receivables at December 31, 2024 and March 31, 2025 were consumer receivables of $47.6 billion and $43.9 billion, respectively, and non-consumer receivables of $24.4 billion and $22.5 billion, respectively, (including Ford Blue, Ford Model e, and Ford Pro receivables sold to Ford Credit, which we report in Trade and other receivables) that have been sold for legal purposes in securitization transactions but continue to be reported in our consolidated financial statements. The receivables are available only for payment of the debt issued by, and other obligations of, the securitization entities that are parties to those securitization transactions; they are not available to pay the other obligations or the claims of Ford Credit’s other creditors. Ford Credit holds the right to receive the excess cash flows not needed to pay the debt issued by, and other obligations of, the securitization entities that are parties to those securitization transactions.
NOTE 8. FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued)

Credit Quality

Consumer Portfolio. Credit quality ratings for consumer receivables are based on aging. Receivables over 60 days past due are in intensified collection status.

The credit quality analysis of consumer receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202020202021202220232024TotalPercent
Consumer
31 - 60 days past due$43 $93 $104 $187 $242 $203 $872 1.0 %
Greater than 60 days past due15 27 35 57 82 59 275 0.4 
Total past due58 120 139 244 324 262 1,147 1.4 
Current788 3,162 5,458 12,275 24,153 36,235 82,071 98.6 
Total$846 $3,282 $5,597 $12,519 $24,477 $36,497 $83,218 100.0 %
Gross charge-offs$46 $58 $71 $152 $191 $50 $568 

The credit quality analysis of consumer receivables at March 31, 2025 and gross charge-offs during the period ended March 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202120212022202320242025TotalPercent
Consumer
31 - 60 days past due$99 $86 $162 $226 $224 $11 $808 1.0 %
Greater than 60 days past due28 26 47 66 63 3 233 0.3 
Total past due127 112 209 292 287 14 1,041 1.3 
Current3,034 4,513 10,640 21,923 34,182 7,196 81,488 98.7 
Total$3,161 $4,625 $10,849 $22,215 $34,469 $7,210 $82,529 100.0 %
Gross charge-offs$19 $16 $35 $50 $45 $1 $166 

Non-Consumer Portfolio. The credit quality of dealer financing receivables is evaluated based on Ford Credit’s internal dealer risk rating analysis. Ford Credit uses a proprietary model to assign each dealer a risk rating. This model uses historical dealer performance data to identify key factors about a dealer that are considered most significant in predicting a dealer’s ability to meet its financial obligations. Ford Credit also considers numerous other financial and qualitative factors of the dealer’s operations, including capitalization and leverage, liquidity and cash flow, profitability, and credit history with Ford Credit and other creditors.

Dealers are assigned to one of four groups according to risk ratings as follows:

•Group I – strong to superior financial metrics;
•Group II – fair to favorable financial metrics;
•Group III – marginal to weak financial metrics; and
•Group IV – poor financial metrics, including dealers classified as uncollectible.

Ford Credit generally suspends credit lines and extends no further funding to dealers classified in Group IV.
NOTE 8. FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued)

The credit quality analysis of dealer financing receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202020202021202220232024TotalTotalPercent
Group I$270 $63 $97 $47 $217 $245 $939 $25,257 $26,196 89.4 %
Group II13 — 3 1 28 31 76 2,494 2,570 8.8 
Group III— — 2 — 1 4 7 462 469 1.6 
Group IV— — — — — 1 1 46 47 0.2 
Total (a)$283 $63 $102 $48 $246 $281 $1,023 $28,259 $29,282 100.0 %
Gross charge-offs$1 $— $— $— $— $— $1 $6 $7 
__________
(a)Total past due dealer financing receivables at December 31, 2024 were $8 million.

The credit quality analysis of dealer financing receivables at March 31, 2025 and gross charge-offs during the period ended March 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202120212022202320242025TotalTotalPercent
Group I$338 $88 $36 $210 $136 $99 $907 $21,238 $22,145 87.2 %
Group II6 2 3 31 11 30 83 2,503 2,586 10.2 
Group III— — — — — 14 14 574 588 2.3 
Group IV— — — 3 — 1 4 75 79 0.3 
Total (a)$344 $90 $39 $244 $147 $144 $1,008 $24,390 $25,398 100.0 %
Gross charge-offs$— $— $— $— $— $— $— $1 $1 
__________
(a)Total past due dealer financing receivables at March 31, 2025 were $7 million.
NOTE 8. FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Continued)

Allowance for Credit Losses

The allowance for credit losses represents an estimate of the lifetime expected credit losses inherent in finance receivables as of the balance sheet date. The adequacy of the allowance for credit losses is assessed quarterly.

Adjustments to the allowance for credit losses are made by recording charges to Ford Credit interest, operating, and other expenses on our consolidated income statements. The uncollectible portion of a finance receivable is charged to the allowance for credit losses at the earlier of when an account is deemed to be uncollectible or when an account is 120 days delinquent, taking into consideration the financial condition of the customer or borrower, the value of the collateral, recourse to guarantors, and other factors.

Charge-offs on finance receivables include uncollected amounts related to principal, interest, late fees, and other allowable charges. Recoveries on finance receivables previously charged off as uncollectible are credited to the allowance for credit losses. In the event Ford Credit repossesses the collateral, the receivable is charged off and the collateral is recorded at its estimated fair value less costs to sell and reported in Other assets on our consolidated balance sheets.

An analysis of the allowance for credit losses related to finance receivables for the periods ended March 31 was as follows (in millions):
First Quarter 2024
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$879 $3 $882 
Charge-offs(129)— (129)
Recoveries39 3 42 
Provision for credit losses91 (3)88 
Other (a)(3)— (3)
Ending balance$877 $3 $880 

First Quarter 2025
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$860 $4 $864 
Charge-offs(166)(1)(167)
Recoveries40 — 40 
Provision for credit losses135 5 140 
Other (a)3 1 4 
Ending balance$872 $9 $881 
__________
(a)    Primarily represents amounts related to foreign currency translation adjustments.
v3.25.1
Inventories (Notes)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories were as follows (in millions):
 December 31,
2024		March 31,
2025
Raw materials, work-in-process, and supplies$5,394 $6,146 
Finished products9,557 11,749 
Total inventories$14,951 $17,895 

Our finished product inventory at March 31, 2025 was higher than at December 31, 2024, reflecting higher in-transit and in-plant inventory.
v3.25.1
Other Liabilities and Deferred Revenue (Notes)
 3 Months Ended
Mar. 31, 2025
Other Liabilities [Abstract]  
OTHER LIABILITIES AND DEFERRED REVENUE OTHER LIABILITIES AND DEFERRED REVENUE
Other liabilities and deferred revenue were as follows (in millions):
 December 31,
2024		March 31,
2025
Current
Dealer and dealers’ customer allowances and claims$14,140 $14,159 
Deferred revenue3,331 3,623 
Employee benefit plans2,457 1,975 
Accrued interest1,346 1,339 
Operating lease liabilities558 580 
OPEB (a)335 336 
Pension (a)215 217 
Other (b)5,400 5,804 
Total current other liabilities and deferred revenue$27,782 $28,033 
Non-current  
Dealer and dealers’ customer allowances and claims$9,836 $10,230 
Deferred revenue4,910 4,888 
Pension (a)4,470 4,287 
OPEB (a)4,080 4,023 
Operating lease liabilities1,782 1,933 
Employee benefit plans806 775 
Other (b)2,948 2,747 
Total non-current other liabilities and deferred revenue$28,832 $28,883 
__________
(a)Balances at March 31, 2025 reflect pension and OPEB liabilities at December 31, 2024, updated for: service and interest cost; expected return on assets; curtailments, settlements, and associated interim remeasurement (where applicable); separation expense; actual benefit payments; and cash contributions. The discount rate and rate of expected return assumptions are unchanged from year-end 2024. Included in Other assets are pension assets of $4.1 billion and $4.3 billion at December 31, 2024 and March 31, 2025, respectively.
(b)Includes current derivative liabilities of $1.0 billion and $0.7 billion at December 31, 2024 and March 31, 2025, respectively. Includes non-current derivative liabilities of $0.9 billion and $0.7 billion at December 31, 2024 and March 31, 2025, respectively (see Note 13).
v3.25.1
Retirement Benefits (Notes)
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
RETIREMENT BENEFITS RETIREMENT BENEFITS
Defined Benefit Plans - Expense

The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended March 31 were as follows (in millions):

First Quarter
20242025
 Pension BenefitsOPEBPension BenefitsOPEB
 U.S. PlansNon-U.S. PlansWorldwide U.S. PlansNon-U.S. PlansWorldwide
Service cost$73 $63 $6 $52 $48 $5 
Interest cost400 235 57 393 224 55 
Expected return on assets(455)(255)— (456)(278)— 
Amortization of prior service costs/(credits)
23 6 2 22 6 2 
Net remeasurement (gain)/loss— (11)— — (10)— 
Separation costs/other8 14 — 7 24 — 
Settlements and curtailments
— — — — — — 
Net periodic benefit cost/(income)
$49 $52 $65 $18 $14 $62 

The service cost component is included in Cost of sales and Selling, administrative, and other expenses. Other components of net periodic benefit cost/(income) are included in Other income/(loss), net on our consolidated income statements.

Pension Plan Contributions
During 2025, we continue to expect to contribute about $800 million of cash to our global funded pension plans. We also expect to make about $450 million of benefit payments to participants in unfunded plans. In the first quarter of 2025, we contributed $234 million to our global funded pension plans and made $106 million of benefit payments to participants in unfunded plans.
v3.25.1
Debt (Notes)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
DEBT DEBT
The carrying value of Company debt excluding Ford Credit and Ford Credit debt was as follows (in millions):
December 31,
2024		March 31,
2025
Company excluding Ford Credit  
Debt payable within one year
Short-term$632 $814 
Long-term debt payable within one year 
U.K. Export Finance Program784 810 
Public unsecured debt securities176 176 
Convertible notes (a)— 2,300 
Other debt (including finance leases) (b)176 199 
Unamortized (discount)/premium(11)(6)
Unamortized issuance costs(1)(7)
Total debt payable within one year1,756 4,286 
Long-term debt payable after one year 
Public unsecured debt securities14,759 14,759 
Convertible notes (a)2,300 — 
U.K. Export Finance Program940 972 
Other debt (including finance leases) (b)1,160 1,161 
Unamortized (discount)/premium(109)(107)
Unamortized issuance costs(152)(141)
Total long-term debt payable after one year18,898 16,644 
Total Company excluding Ford Credit$20,654 $20,930 
Fair value of Company debt excluding Ford Credit (c)$20,178 $20,055 
Ford Credit  
Debt payable within one year
Short-term$17,413 $17,074 
Long-term payable within one year 
Unsecured debt12,871 14,029 
Asset-backed debt23,050 19,129 
Unamortized (discount)/premium2 — 
Unamortized issuance costs
(18)(19)
Fair value adjustments (d)(125)(59)
Total debt payable within one year53,193 50,154 
Long-term debt payable after one year
Unsecured debt49,607 51,999 
Asset-backed debt36,224 33,025 
Unamortized (discount)/premium(20)(20)
Unamortized issuance costs
(217)(229)
Fair value adjustments (d)(919)(589)
Total long-term debt payable after one year84,675 84,186 
Total Ford Credit$137,868 $134,340 
Fair value of Ford Credit debt (c)$140,046 $135,857 
__________`
(a)As of March 31, 2025, each $1,000 principal amount of the notes will be convertible into 72.4656 shares of our Common Stock, which is equivalent to a conversion price of approximately $13.80 per share. We recognized issuance cost amortization of $2 million during both the first quarter of 2024 and 2025.
(b)At December 31, 2024 and March 31, 2025, long-term finance leases payable within one year were $94 million and $109 million, respectively, and long-term finance leases payable after one year were $711 million and $721 million, respectively.
(c)At December 31, 2024 and March 31, 2025, the fair value of debt includes $632 million and $814 million of Company excluding Ford Credit short-term debt, respectively, and $16.2 billion and $16.4 billion of Ford Credit short-term debt, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.
(d)These adjustments are related to hedging activity and include discontinued hedging relationship adjustments of $(450) million and $(374) million at December 31, 2024 and March 31, 2025, respectively. The carrying value of hedged debt was $41.1 billion and $43.3 billion at December 31, 2024 and March 31, 2025, respectively.
v3.25.1
Derivative Financial Instruments and Hedging Activities (Notes)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES
In the normal course of business, our operations are exposed to global market risks, including the effect of changes in foreign currency exchange rates, certain commodity prices, and interest rates. To manage these risks, we enter into highly effective derivative contracts. We have elected to apply hedge accounting to certain derivatives. Derivatives that are designated in hedging relationships are evaluated for effectiveness using regression analysis at the time they are designated and throughout the hedge period. Some derivatives do not qualify for hedge accounting; for others, we elect not to apply hedge accounting.

Income Effect of Derivative Financial Instruments

The gains/(losses), by hedge designation, reported in income for the periods ended March 31 were as follows (in millions):
 First Quarter
Cash flow hedges
20242025
Reclassified from AOCI to Cost of sales
Foreign currency exchange contracts (a)
$14 $74 
Commodity contracts (b)
(26)11 
Fair value hedges
Interest rate contracts
Net interest settlements and accruals on hedging instruments
(96)(48)
Fair value changes on hedging instruments(243)329 
Fair value changes on hedged debt220 (324)
Cross-currency interest rate swap contracts
Net interest settlements and accruals on hedging instruments
(29)(25)
Fair value changes on hedging instruments(64)146 
Fair value changes on hedged debt62 (136)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts (c)69 60 
Cross-currency interest rate swap contracts
(166)102 
Interest rate contracts48 (45)
Commodity contracts(20)11 
Total$(231)$155 
__________
(a)For the first quarter of 2024 and 2025, a $288 million gain and a $78 million loss, respectively, were reported in Other comprehensive income/(loss), net of tax.
(b)For the first quarter of 2024 and 2025, a $32 million loss and a $4 million loss, respectively, were reported in Other comprehensive income/(loss), net of tax.
(c)For the first quarter of 2024 and 2025, a $23 million loss and a $70 million gain, respectively, were reported in Cost of sales, and a $92 million gain and a $10 million loss, respectively, were reported in Other income/(loss), net.
NOTE 13. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Continued)

Balance Sheet Effect of Derivative Financial Instruments

Derivative assets and liabilities are reported on our consolidated balance sheets at fair value and are presented on a gross basis. The notional amounts of the derivative instruments do not necessarily represent amounts exchanged by the parties and are not a direct measure of our financial exposure. We also enter into master agreements with counterparties that may allow for netting of exposures in the event of default or breach of the counterparty agreement. Collateral represents cash received or paid under reciprocal arrangements that we have entered into with our derivative counterparties, which we do not use to offset our derivative assets and liabilities.

The fair value of our derivative instruments and the associated notional amounts were as follows (in millions):
December 31, 2024March 31, 2025
NotionalFair Value of
Assets		Fair Value of
Liabilities		NotionalFair Value of
Assets		Fair Value of
Liabilities
Cash flow hedges   
Foreign currency exchange contracts
$20,027 $578 $123 $18,346 $452 $169 
Commodity contracts959 22 13 982 13 20 
Fair value hedges
Interest rate contracts16,194 66 645 21,642 265 446 
Cross-currency interest rate swap contracts
3,802 9 139 3,802 87 75 
Derivatives not designated as hedging instruments
Foreign currency exchange contracts20,799 301 192 20,604 317 96 
Cross-currency interest rate swap contracts
5,455 133 246 4,333 125 72 
Interest rate contracts76,977 305 845 78,371 322 752 
Commodity contracts944 14 31 933 18 17 
Total derivative financial instruments, gross (a) (b)
$145,157 $1,428 $2,234 $149,013 $1,599 $1,647 
Current portion
$869 $1,311 $655 $949 
Non-current portion
559 923 944 698 
Total derivative financial instruments, gross
$1,428 $2,234 $1,599 $1,647 
__________
(a)At December 31, 2024 and March 31, 2025, we held collateral of $27 million and $26 million, respectively, and we posted collateral of $127 million and $119 million, respectively.
(b)At December 31, 2024 and March 31, 2025, the fair value of assets and liabilities available for counterparty netting was $780 million and $876 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.
v3.25.1
Employee Separation Actions and Exit and Disposal Activities (Notes)
 3 Months Ended
Mar. 31, 2025
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Activities Disclosure [Text Block] EMPLOYEE SEPARATION ACTIONS AND EXIT AND DISPOSAL ACTIVITIES
We generally record costs associated with voluntary separations at the time of employee acceptance. We record costs associated with involuntary separation programs when management has approved the plan for separation, the affected employees are identified, and it is unlikely that actions required to complete the separation plan will change significantly. Costs associated with benefits that are contingent on the employee continuing to provide service are accrued over the required service period.

Company Excluding Ford Credit

Employee separation actions and exit and disposal activities include employee separation costs, facility and other asset-related charges (e.g., impairment, accelerated depreciation), dealer and supplier payments, other statutory and contractual obligations, and other expenses, which are recorded in Cost of sales and Selling, administrative, and other expenses. Below are actions we have initiated:

In 2021, we ceased vehicle manufacturing in Sanand, India and exited manufacturing operations in Brazil. In 2022, we ceased manufacturing in Chennai, India and ceased production of the Mondeo in Valencia, Spain. We do not expect significant additional costs for these actions; however, the remaining cash outflows are expected to be finalized over several years.

In 2023, we announced our plan to phase-out production of the Focus at our Saarlouis Body and Assembly plant in Germany. We will cease production in 2025, and we plan to repurpose the facility into a technology center, retaining 1,000 positions.

In 2023 and 2024, we also announced separation programs for salaried workers, primarily in Europe, and expect these programs to be substantially complete by the end of 2027. In addition, in 2024, we offered voluntary separation packages to certain members of our hourly workforce in North America, and these programs are substantially complete.

The following table summarizes the activities for the periods ended March 31, which are recorded in Other liabilities and deferred revenue (in millions):
First Quarter
20242025
Beginning balance$1,086 $1,098 
Changes in accruals (a)594 47 
Payments(188)(178)
Foreign currency translation and other(26)32 
Ending balance$1,466 $999 
__________
(a)Excludes pension costs of $14 million and $24 million in the first quarter of 2024 and 2025, respectively.

We recorded costs of $608 million and $71 million in the first quarter of 2024 and 2025, respectively, related to the initiated actions above. We estimate that we will incur about $500 million in total charges in 2025 related to such actions, primarily attributable to employee separations; some charges are related to plans that are subject to negotiations with a works council, union, or other social partner. In addition, we continue to review our global businesses and may take additional restructuring actions where a path to sustained profitability is not feasible.
v3.25.1
Acquisitions and Divestitures (Notes)
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] ACQUISITIONS AND DIVESTITURES
Ford Motor Company A/S (“Denmark”). In the third quarter of 2024, we entered into an agreement to sell 100% of our equity interest in Denmark. The entity was classified as held for sale in the fourth quarter of 2024 once all criteria were met. Accordingly, as of December 31, 2024, we reported $52 million of held-for-sale assets, including $47 million of cash, and $33 million of held-for-sale liabilities in Other assets and Other liabilities, respectively. We determined the assets held for sale were not impaired. On January 2, 2025, we completed the sale of Denmark. The consideration received approximated the carrying value of Denmark at the time of sale.
v3.25.1
Accumulated Other Comprehensive Income/(Loss) (Notes)
 3 Months Ended
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the periods ended March 31 were as follows (in millions):
First Quarter
20242025
Foreign currency translation
Beginning balance$(5,443)$(6,899)
Gains/(Losses) on foreign currency translation(118)497 
Less: Tax/(Tax benefit) (a)(4)(28)
Net gains/(losses) on foreign currency translation (114)525 
(Gains)/Losses reclassified from AOCI to net income— (4)
Other comprehensive income/(loss), net of tax(114)521 
Ending balance$(5,557)$(6,378)
Marketable securities
Beginning balance$(170)$(50)
Gains/(Losses) on available for sale securities(15)88 
Less: Tax/(Tax benefit)(2)19 
Net gains/(losses) on available for sale securities(13)69 
(Gains)/Losses reclassified from AOCI to net income6 (2)
Less: Tax/(Tax benefit)1 — 
Net (gains)/losses reclassified from AOCI to net income (b)5 (2)
Other comprehensive income/(loss), net of tax(8)67 
Ending balance$(178)$17 
Derivative instruments
Beginning balance$(331)$277 
Gains/(Losses) on derivative instruments256 (82)
Less: Tax/(Tax benefit)60 (19)
Net gains/(losses) on derivative instruments196 (63)
(Gains)/Losses reclassified from AOCI to net income12 (85)
Less: Tax/(Tax benefit)3 (19)
Net (gains)/losses reclassified from AOCI to net income (c)9 (66)
Other comprehensive income/(loss), net of tax205 (129)
Ending balance$(126)$148 
Pension and other postretirement benefits
Beginning balance$(3,098)$(2,967)
Amortization and recognition of prior service costs/(credits)
31 30 
Less: Tax/(Tax benefit)8 7 
Net prior service costs/(credits) reclassified from AOCI to net income
23 23 
Translation impact on non-U.S. plans
4 (1)
Other comprehensive income/(loss), net of tax27 22 
Ending balance$(3,071)$(2,945)
Total AOCI ending balance at March 31$(8,932)$(9,158)
__________
(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)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net gains on cash flow hedges of $181 million (see Note 13).
v3.25.1
Variable Interest Entities (Notes)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entity Disclosure VARIABLE INTEREST ENTITIES
Certain of our affiliates are VIEs in which we are not the primary beneficiary. Our maximum exposure to any potential losses associated with these unconsolidated affiliates is limited to our equity investments, accounts receivable, loans, and guarantees and was $9.3 billion and $7.6 billion at December 31, 2024 and March 31, 2025, respectively. The guarantee exposure is related to certain debt at our unconsolidated affiliates, which includes amounts outstanding as well as potential future draws up to a maximum amount of $4.9 billion at both December 31, 2024 and March 31, 2025, related to certain obligations of our VIEs, and is also included in Note 18.

In July 2022, Ford, SK On Co., Ltd., and SK Battery America, Inc. (a wholly owned subsidiary of SK On) completed the creation of BlueOval SK, LLC (“BOSK”), a 50/50 joint venture that is building and will operate electric vehicle battery plants in Tennessee and Kentucky to supply batteries to Ford and Ford affiliates. BOSK is a VIE of which we are not the primary beneficiary, and we use the equity method of accounting for our investment. In December 2024, BOSK entered into a loan agreement with the United States Department of Energy (“DOE”) of up to $9.6 billion (the “BOSK DOE Loan”). In conjunction with the loan agreement, Ford has agreed to guarantee its 50% share of BOSK’s payment obligations under the BOSK DOE Loan. After drawing on the BOSK DOE Loan, BOSK has distributed $3.1 billion (including $1.7 billion in the first quarter of 2025) to Ford as returns of capital. As of March 31, 2025, Ford has recognized contributions (net of returns of capital) to BOSK of $2.4 billion of its agreed capital contribution of up to $6.6 billion through 2026. The total amount of capital contributions is subject to adjustments agreed to by the parties.
v3.25.1
Commitments and Contingencies (Notes)
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments Contingencies and Guarantees COMMITMENTS AND CONTINGENCIES
Commitments and contingencies primarily consist of guarantees and indemnifications, litigation and claims, and warranty and field service actions.

Guarantees and Indemnifications

Financial Guarantees. Financial guarantees and indemnifications are recorded at fair value at their inception. Subsequent to initial recognition, the guarantee liability is adjusted at each reporting period to reflect the current estimate of expected payments resulting from possible default events over the remaining life of the guarantee. The maximum potential payments for financial guarantees were $5.3 billion and $5.4 billion at December 31, 2024 and March 31, 2025, respectively. See Note 17 for additional information. The carrying value of recorded liabilities related to financial guarantees was $144 million and $134 million at December 31, 2024 and March 31, 2025, respectively.

Our financial guarantees consist of debt and lease obligations of certain joint ventures, as well as certain financial obligations of outside third parties, including suppliers, to support our business and economic growth. Expiration dates vary through 2040, and guarantees will terminate on payment and/or cancellation of the underlying obligation. A payment by us would be triggered by failure of the joint venture or other third party to fulfill its obligation covered by the guarantee. In some circumstances, we are entitled to recover from a third party amounts paid by us under the guarantee.

Non-Financial Guarantees. Non-financial guarantees and indemnifications are recorded at fair value at their inception. We regularly review our performance risk under these arrangements, and in the event it becomes probable we will be required to perform under a guarantee or indemnity, the amount of probable payment is recorded. The maximum potential payments and carrying values of recorded liabilities related to non-financial guarantees were de minimis at both December 31, 2024 and March 31, 2025.

In the ordinary course of business, we execute contracts involving indemnifications standard in the industry and indemnifications specific to a transaction, such as the sale of a business. These indemnifications might include and are not limited to claims relating to any of the following: environmental, tax, and shareholder matters; intellectual property rights; power generation contracts; governmental regulations and employment-related matters; dealer, supplier, and other commercial contractual relationships; and financial matters, such as securitizations. Performance under these indemnities generally would be triggered by a breach of contract claim brought by a counterparty, including a joint venture or alliance partner, or a third-party claim. While some of these indemnifications are limited in nature, many of them do not limit potential payment. Therefore, we are unable to estimate a maximum amount of future payments that could result from claims made under these unlimited indemnities.
NOTE 18. COMMITMENTS AND CONTINGENCIES (Continued)

Litigation and Claims

Various legal actions, proceedings, and claims (generally, “matters”) are pending or may be instituted or asserted against us. These include, but are not limited to, matters arising out of alleged defects in our products; product warranties; governmental regulations relating to safety, emissions, and fuel economy or other matters; government incentives; tax matters, including trade and customs; alleged illegal acts resulting in fines or penalties; financial services; employment-related matters; dealer, supplier, and other contractual relationships; intellectual property rights; environmental matters; shareholder or investor matters; and financial reporting matters. Certain of the pending legal actions are, or purport to be, class actions. Some of the matters involve or may involve claims for compensatory, punitive, or antitrust or other treble damages in very large amounts, or demands for field service actions, environmental remediation programs, sanctions, loss of government incentives, assessments, or other relief, which, if granted, would require very large expenditures.

The extent of our financial exposure to these matters is difficult to estimate. Many matters do not specify a dollar amount for damages, and many others specify only a jurisdictional minimum. To the extent an amount is asserted, our historical experience suggests that in most instances the amount asserted is not a reliable indicator of the ultimate outcome.

We accrue for matters when losses are deemed probable and reasonably estimable. In evaluating matters for accrual and disclosure purposes, we take into consideration factors such as our historical experience with matters of a similar nature, the specific facts and circumstances asserted, the likelihood that we will prevail, and the severity of any potential loss. We reevaluate and update our accruals as matters progress over time.

For the majority of matters, which generally arise out of alleged defects in our products, we establish an accrual based on our extensive historical experience with similar matters. We do not believe there is a reasonably possible outcome materially in excess of our accrual for these matters.

For the remaining matters, where our historical experience with similar matters is of more limited value (i.e., “non-pattern matters”), we evaluate the matters primarily based on the individual facts and circumstances. For non-pattern matters, we evaluate whether there is a reasonable possibility of a material loss in excess of any accrual that can be estimated. Our estimate of reasonably possible loss in excess of our accruals for all material matters currently reflects indirect tax and regulatory matters, for which we estimate the aggregate risk to be a range of up to about $0.5 billion.

As noted, the litigation process is subject to many uncertainties, and the outcome of individual matters is not predictable with assurance. Our assessments are based on our knowledge and experience, but the ultimate outcome of any matter could require payment substantially in excess of the amount that we have accrued and/or disclosed.
NOTE 18. COMMITMENTS AND CONTINGENCIES (Continued)

Warranty and Field Service Actions

We accrue the estimated cost of both base warranty coverages and field service actions at the time of sale. We establish our estimate of base warranty obligations using a patterned estimation model, using historical information regarding the nature, frequency, and average cost of claims for each vehicle line by model year. We establish our estimates of field service action obligations using a patterned estimation model, using historical information regarding the nature, frequency, severity, and average cost of claims for each model year. In addition, from time to time, we issue extended warranties at our expense, the estimated cost of which is accrued at the time of issuance. Warranty and field service action obligations are reported in Other liabilities and deferred revenue. We reevaluate the adequacy of our accruals on a regular basis.

We recognize the benefit from a recovery of the costs associated with our warranty and field service actions when specifics of the recovery have been agreed with our supplier and the amount of recovery is virtually certain. Recoveries are reported in Trade and other receivables, net and Other assets.

The estimate of our future warranty and field service action costs, net of estimated supplier recoveries, for the periods ended March 31 was as follows (in millions):
First Quarter
 20242025
Beginning balance$11,504 $14,032 
Payments made during the period(1,391)(1,457)
Changes in accrual related to warranties issued during the period1,091 1,689 
Changes in accrual related to pre-existing warranties397 356 
Foreign currency translation and other(61)29 
Ending balance$11,540 $14,649 

Changes to our estimated costs are reported as changes in accrual related to pre-existing warranties in the table above. In addition, our estimate of reasonably possible costs in excess of our accruals for material field service actions and customer satisfaction actions is a range of up to about $1.7 billion in the aggregate.
v3.25.1
Segment Information (Notes)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We report segment information consistent with the way our chief operating decision maker (“CODM”), our President and Chief Executive Officer, evaluates the operating results and performance of the Company. Accordingly, we analyze the results of our business through the following segments: Ford Blue, Ford Model e, Ford Pro, and Ford Credit.

Beginning January 1, 2025, the expenses and investments for emerging business initiatives in vehicle-adjacent market segments (previously the Ford Next segment) are reflected in the reportable segments that benefit from those expenses and investments or Corporate Other. Prior period amounts were adjusted retrospectively to reflect the change.

Below is a description of our reportable segments and other activities.

Ford Blue Segment

Ford Blue primarily includes the sale of Ford and Lincoln internal combustion engine (“ICE”) and hybrid vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services. This segment focuses on developing Ford and Lincoln ICE and hybrid vehicles. Additionally, this segment provides hardware engineering and manufacturing capabilities to Ford Model e and manufactures vehicles on behalf of Ford Pro and, in certain cases, Ford Model e. Ford Blue also includes:
•All sales for markets not presently in scope for Ford Model e or Ford Pro (as further described below)
•In markets outside of the United States and Canada, sales to commercial, government, and rental customers of ICE and hybrid vehicles not considered core to Ford Pro
•Sales of electric vehicles (“EVs”) by our unconsolidated affiliates in China
•All sales of vehicles manufactured and sold to other OEMs

Ford Model e Segment

Ford Model e primarily includes the sale of our electric vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services. This segment focuses on developing EV and digital vehicle technologies, as well as software development. Additionally, Ford Model e provides software and connected vehicle technologies on behalf of the enterprise, and manufactures certain EVs, including for Ford Pro. Ford Model e operates in North America, Europe, and China. Ford Model e also includes EV and related sales not considered core to Ford Pro to commercial, government, and rental customers in Europe, China, and Mexico.

Ford Pro Segment

Ford Pro primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. Included in this segment are sales of all core Ford Pro vehicles, such as Super Duty and the Transit range of vans in North America and Europe and all sales of Ranger in Europe. In the United States and Canada, Ford Pro also includes all vehicle sales to commercial, government, and rental customers. This segment focuses on selling ICE, hybrid, and electric vehicles, and providing digital and physical services to optimize and maintain fleets, including telematics and EV charging solutions. This segment reflects external sales of vehicles produced by Ford Blue and Ford Model e, and the costs (including intersegment markup) associated with acquiring vehicles for sale and providing services are reflected in this segment. Ford Pro operates in North America and Europe.

Ford Credit Segment

The Ford Credit segment is comprised of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities.
NOTE 19. SEGMENT INFORMATION (Continued)

Corporate Other

Corporate Other primarily includes corporate governance expenses, past service pension and OPEB income and expense, interest income (excluding Ford Credit interest income and interest earned on our extended service contract portfolio) and gains and losses from our cash, cash equivalents, and marketable securities, and foreign exchange derivatives gains and losses associated with intercompany lending. Corporate governance expenses are primarily administrative, delivering benefit on behalf of the global enterprise, that are not allocated to operating segments. These include expenses related to setting and directing global policy, providing oversight and stewardship, and promoting the Company’s interests. Corporate Other assets include: cash, cash equivalents, and marketable securities; tax-related assets; defined benefit pension plan net assets; and other assets managed centrally.

Interest on Debt

Interest on Debt is presented as a separate reconciling item and consists of interest expense on Company debt excluding Ford Credit.

Special Items

Special Items are presented as a separate reconciling item. They consist of (i) pension and OPEB remeasurement gains and losses, (ii) significant personnel expenses, supplier- and dealer-related costs, and facility-related charges stemming from our efforts to match production capacity and cost structure to market demand and changing model mix, and (iii) other items that we do not necessarily consider to be indicative of earnings from ongoing operating activities. Our management ordinarily excludes these items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. We also report these special items separately to help investors track amounts related to these activities and to allow investors analyzing our results to identify certain infrequent significant items that they may wish to exclude when considering the trend of ongoing operating results.

CODM Evaluation of the Business

When we report segment earnings before interest and taxes (“Segment EBIT”) for each of the Ford Blue, Ford Model e, and Ford Pro segments, it consists of the earnings for the particular segment and does not include interest and taxes. Ford Credit segment earnings include interest and exclude taxes (“Segment EBT”). Each segment’s EBIT/EBT also excludes the results reported in Corporate Other and Special Items. For the Ford Blue, Ford Model e, and Ford Pro segments, our CODM reviews Segment EBIT and Segment EBIT margin, as well as market share, revenue, and wholesale volume to evaluate performance and allocate resources, predominately in the budgeting, planning, and forecasting processes. For Segment EBIT, our CODM reviews the year-over-year change in EBIT, sequential change in EBIT, and change in EBIT from internal forecasts/budgets. Revenue and certain of our costs, such as material costs, generally vary directly with changes in volume and mix of vehicles. As a result, our CODM reviews the EBIT impact driven by changes in volume and mix, the EBIT impact driven by changes in exchange, and the EBIT impact driven by changes in net pricing and cost categories at constant volume and mix and/or exchange. For the Ford Credit segment, our CODM reviews Segment EBT to evaluate performance and allocate resources. Expense information is provided to and reviewed by the CODM on a consolidated basis to evaluate cost efficiency and company level performance.
NOTE 19. SEGMENT INFORMATION (Continued)

Segment Revenue, Cost, and Asset Principles for Ford Blue, Ford Model e, and Ford Pro

External vehicle and digital services revenue is generally vehicle-specific and included in the segment responsible for the external vehicle sale. A majority of parts and accessories revenue and cost is attributed to customer sales channels or vehicle lines based on recent end-customer sales and is included in the respective segment.

In the normal course of business, Ford Blue, Ford Model e, and Ford Pro transact between segments and cooperate to leverage synergies, including developing and manufacturing vehicles on behalf of another segment. When one segment produces a vehicle that is sold externally by another segment, an intersegment transaction occurs. The producing segment will report intersegment revenue to recoup the costs associated with the unit produced. This includes material cost, labor and overhead (including depreciation and amortization), inbound freight, and an intersegment markup. The intersegment markup amount is set to deliver a competitive return to the producing segment for its manufacturing and distribution service. Costs are reflected in the associated segment externally reporting the vehicle sale, as detailed in the table below:

Income Statement ElementsExamplesSegment Reporting
Costs specific to a particular vehicleBill of material cost and initial warranty accrualReported in the segment externally selling the vehicle
Costs identifiable by product lineManufacturing and logistics costs, depreciation & amortization expense, direct research & development costsTypically identifiable to the product line or production location. Reported in the segment externally selling the vehicle, based on relative volume
Shared costsSelling, general & administrative expense, and indirect/cross product line research & development costsTypically shared across all segments, generally based on relative volume. Certain costs clearly linked to a segment are reported in the specific segment
Intersegment markup costs for intersegment vehicle transactionsContract manufacturing and distribution feesReported in the segment externally selling the vehicle, for each applicable vehicle transaction

Assets are reported in each segment, aligned to the appropriate operational responsibility. Manufacturing assets, e.g., our plants and the machinery and equipment therein, are included in our Ford Blue and Ford Model e segments. Manufacturing assets producing only, or primarily, EVs and related components are reflected in Ford Model e. Manufacturing assets that support the production of ICE and hybrid vehicles, including those producing ICE and electric vehicles in the same facility, are included in Ford Blue. Vendor tooling dedicated to producing EV parts is reported in Ford Model e. Purchased regulatory credit compliance assets are reported in Ford Blue. There are no Ford manufacturing, vendor tooling, or regulatory credit compliance assets reported in Ford Pro. Depreciation and amortization expense is reflected on the basis of production volume. Regulatory compliance credit expense is allocated by vehicle line between the Ford Blue and Ford Pro segments. Regardless of the segment reporting the asset, the related expenses are reported in the segment that reports the external vehicle sale.

Equity in net income/(loss) of affiliated companies is included in Income/(Loss) before income taxes, based primarily on which segment the entity supports or has the majority of the entity’s purchases or sales. The table below shows the segment reporting for our most significant unconsolidated entities:

Ford BlueFord Model eFord Pro
∘ Changan Ford Automobile Corporation, Ltd. (“CAF”)
∘ BlueOval SK, LLC
∘ Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”)
∘ Jiangling Motors Corporation, Ltd. (“JMC”)
∘ AutoAlliance (Thailand) Co., Ltd. (“AAT”)
NOTE 19. SEGMENT INFORMATION (Continued)

Key financial information for the periods ended or at March 31 was as follows (in millions):
 Ford BlueFord
Model e		Ford ProFord CreditUnallocated Amounts and Eliminations (a)Total
First Quarter 2024    
External revenues$21,754 $116 $18,019 $2,887 $1 $42,777 
Intersegment revenues (b)11,741 21 — — (11,762)— 
Total revenues$33,495 $137 $18,019 $2,887 $(11,761)$42,777 
Other segment items (c)32,594 1,464 15,013 2,561 
Segment EBIT/EBT$901 $(1,327)$3,006 $326 $2,906 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(143)
Interest on debt (excludes $1,848 of Ford Credit interest on debt)
(278)
Special items (d)(873)
Income/(Loss) before income taxes$1,612 
Other Segment Disclosures
Depreciation and tooling amortization$725 $143 $360 $622 $31 $1,881 
Investment-related interest income36 1 11 145 217 410 
Equity in net income/(loss) of affiliated companies61 (19)117 8 — 167 
Cash outflow for capital spending (e)1,049 975 9 21 40 2,094 
Total assets61,416 15,032 3,659 148,896 45,338 274,341 
First Quarter 2025
External revenues$20,997 $1,242 $15,181 $3,237 $2 $40,659 
Intersegment revenues (b)10,605 116 — — (10,721)— 
Total revenues$31,602 $1,358 $15,181 $3,237 $(10,719)$40,659 
Other segment items (c)31,506 2,207 13,872 2,657 
Segment EBIT/EBT$96 $(849)$1,309 $580 $1,136 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(117)
Interest on debt (excludes $1,790 of Ford Credit interest on debt)
(288)
Special items (f)(110)
Income/(Loss) before income taxes$621 
Other Segment Disclosures
Depreciation and tooling amortization$729 $138 $348 $618 $15 $1,848 
Investment-related interest income48 1 15 91 196 351 
Equity in net income/(loss) of affiliated companies62 (20)40 10 2 94 
Cash outflow for capital spending (e)987 761 7 28 35 1,818 
Total assets62,772 16,181 3,664 154,183 47,739 284,539 
__________
(a)Unallocated amounts include Corporate Other (see above description of corporate expenses and corporate assets) and Special Items. Eliminations include intersegment transactions occurring in the ordinary course of business.
(b)Intersegment revenues only reflect finished vehicle transactions between Ford Blue, Ford Model e, and Ford Pro where there is an intersegment markup and are recognized at the time of the intersegment transaction.
(c)Other segment items for the Ford Blue, Ford Model e, and Ford Pro segments primarily consists of: material costs (including commodities and components and purchased vehicles from partners), manufacturing costs (including hourly and salaried wages and fringe, and plant overhead such as utilities and taxes), warranty coverages and field service action costs (including estimated costs to repair, replace, or adjust parts on a vehicle that are defective in factory supplied materials or workmanship), freight and duty costs (including related to the receiving and shipping of components and vehicles), vehicle and software engineering and connectivity costs (including wages and fringe for personnel, prototype materials, testing, and outside services), spending-related costs (including depreciation and amortization of manufacturing and engineering assets, asset retirements, and operating leases), advertising and sales promotions costs (including costs for advertising, marketing programs, brand promotions, customer mailings and promotional events, and auto shows), and administrative, IT, and selling costs (primarily including wages and fringe for salaried personnel and purchased services). Other segment items for the Ford Credit segment primarily consists of interest expense and depreciation.
(d)Primarily reflects restructuring actions in Europe, the extended duration of the EV program changeover at the Oakville Assembly Plant, and buyouts for hourly employees in North America.
(e)Ford Blue includes $223 million and $163 million of spending attributable to electric vehicles at shared manufacturing plants at March 31, 2024 and March 31, 2025, respectively. Total electric vehicle spending, including Ford Blue and Ford Model e, was $1,198 million and $924 million at March 31, 2024 and March 31, 2025, respectively.
(f)Primarily reflects the cancellation of a previously planned all-electric three-row SUV program and continued ongoing restructuring actions in Europe.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net Income (Loss) Attributable to Parent $ 471 $ 1,332
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
Presentation Presentation (Policies)
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]
For purposes of this report, “Ford,” the “Company,” “we,” “our,” “us,” or similar references mean Ford Motor Company, our consolidated subsidiaries, and our consolidated VIEs of which we are the primary beneficiary, unless the context requires otherwise. We also make reference to Ford Motor Credit Company LLC, herein referenced to as Ford Credit. Our consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, instructions to the Quarterly Report on Form 10-Q, and Rule 10-01 of Regulation S-X. We reclassified certain prior year amounts in our consolidated financial statements to conform to the current year presentation.
Basis of Accounting, Policy [Policy Text Block] Our consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, instructions to the Quarterly Report on Form 10-Q, and Rule 10-01 of Regulation S-X. We reclassified certain prior year amounts in our consolidated financial statements to conform to the current year presentation.
v3.25.1
Revenue (Policies)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue [Policy Text Block] The amount of consideration we receive and revenue we recognize on our vehicles, parts, and accessories varies with changes in return rights, marketing incentives we offer to our customers and their customers, and other pricing adjustments. Estimates of marketing incentives and other pricing adjustments are based on our expectation of retail and fleet sales volumes, mix of products to be sold, competitor actions, and incentive programs to be offered. Customer acceptance of products and programs, as well as other market conditions, will impact these estimates.
v3.25.1
Income Taxes (Policies)
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Tax, Policy [Policy Text Block] For interim tax reporting, we estimate one single effective tax rate for tax jurisdictions not subject to a valuation allowance, which is applied to the year-to-date ordinary income/(loss). Tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur.
v3.25.1
Fair Value Measures and Disclosures (Policies)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Credit Loss, Financial Instrument We determine credit losses on AFS debt securities using the specific identification method.
v3.25.1
Ford Credit Finance Receivables and Allowance for Credit Losses (Policies)
 3 Months Ended
Mar. 31, 2025
Financing Receivable, Allowance for Credit Loss [Line Items]  
Financing Receivable [Policy Text Block]
Ford Credit manages finance receivables as “consumer” and “non-consumer” portfolios.  The receivables are generally secured by the vehicles, inventory, or other property being financed.

Finance receivables are recorded at the time of origination or purchase at fair value and are subsequently reported at amortized cost, net of any allowance for credit losses.

For all finance receivables, Ford Credit defines “past due” as any payment, including principal and interest, that is at least 31 days past the contractual due date.
v3.25.1
Retirement Benefits Pension and Other Postemployment Benefits (Policies)
 3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block] The service cost component is included in Cost of sales and Selling, administrative, and other expenses. Other components of net periodic benefit cost/(income) are included in Other income/(loss), net on our consolidated income statements.
v3.25.1
Derivative Financial Instruments and Hedging Activities Derivative Financial Instruments and Hedging Activities (Policies)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives, Policy [Policy Text Block]
In the normal course of business, our operations are exposed to global market risks, including the effect of changes in foreign currency exchange rates, certain commodity prices, and interest rates. To manage these risks, we enter into highly effective derivative contracts. We have elected to apply hedge accounting to certain derivatives. Derivatives that are designated in hedging relationships are evaluated for effectiveness using regression analysis at the time they are designated and throughout the hedge period. Some derivatives do not qualify for hedge accounting; for others, we elect not to apply hedge accounting.
Derivative assets and liabilities are reported on our consolidated balance sheets at fair value and are presented on a gross basis. The notional amounts of the derivative instruments do not necessarily represent amounts exchanged by the parties and are not a direct measure of our financial exposure. We also enter into master agreements with counterparties that may allow for netting of exposures in the event of default or breach of the counterparty agreement. Collateral represents cash received or paid under reciprocal arrangements that we have entered into with our derivative counterparties, which we do not use to offset our derivative assets and liabilities.
v3.25.1
Employee Separation Actions and Exit and Disposal Activities (Policies)
 3 Months Ended
Mar. 31, 2025
Restructuring Charges [Abstract]  
Costs Associated with Exit or Disposal Activities or Restructurings, Policy [Policy Text Block]
We generally record costs associated with voluntary separations at the time of employee acceptance. We record costs associated with involuntary separation programs when management has approved the plan for separation, the affected employees are identified, and it is unlikely that actions required to complete the separation plan will change significantly. Costs associated with benefits that are contingent on the employee continuing to provide service are accrued over the required service period.
v3.25.1
Commitments and Contingencies Commitments and Contingencies (Policies)
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies, Policy [Policy Text Block]
Litigation and Claims

Various legal actions, proceedings, and claims (generally, “matters”) are pending or may be instituted or asserted against us. These include, but are not limited to, matters arising out of alleged defects in our products; product warranties; governmental regulations relating to safety, emissions, and fuel economy or other matters; government incentives; tax matters, including trade and customs; alleged illegal acts resulting in fines or penalties; financial services; employment-related matters; dealer, supplier, and other contractual relationships; intellectual property rights; environmental matters; shareholder or investor matters; and financial reporting matters. Certain of the pending legal actions are, or purport to be, class actions. Some of the matters involve or may involve claims for compensatory, punitive, or antitrust or other treble damages in very large amounts, or demands for field service actions, environmental remediation programs, sanctions, loss of government incentives, assessments, or other relief, which, if granted, would require very large expenditures.

The extent of our financial exposure to these matters is difficult to estimate. Many matters do not specify a dollar amount for damages, and many others specify only a jurisdictional minimum. To the extent an amount is asserted, our historical experience suggests that in most instances the amount asserted is not a reliable indicator of the ultimate outcome.

We accrue for matters when losses are deemed probable and reasonably estimable. In evaluating matters for accrual and disclosure purposes, we take into consideration factors such as our historical experience with matters of a similar nature, the specific facts and circumstances asserted, the likelihood that we will prevail, and the severity of any potential loss. We reevaluate and update our accruals as matters progress over time.

For the majority of matters, which generally arise out of alleged defects in our products, we establish an accrual based on our extensive historical experience with similar matters. We do not believe there is a reasonably possible outcome materially in excess of our accrual for these matters.
For the remaining matters, where our historical experience with similar matters is of more limited value (i.e., “non-pattern matters”), we evaluate the matters primarily based on the individual facts and circumstances. For non-pattern matters, we evaluate whether there is a reasonable possibility of a material loss in excess of any accrual that can be estimated.
As noted, the litigation process is subject to many uncertainties, and the outcome of individual matters is not predictable with assurance. Our assessments are based on our knowledge and experience, but the ultimate outcome of any matter could require payment substantially in excess of the amount that we have accrued and/or disclosed.
Guarantees, Indemnifications and Warranties Policies [Policy Text Block] Financial Guarantees. Financial guarantees and indemnifications are recorded at fair value at their inception. Subsequent to initial recognition, the guarantee liability is adjusted at each reporting period to reflect the current estimate of expected payments resulting from possible default events over the remaining life of the guarantee. Non-Financial Guarantees. Non-financial guarantees and indemnifications are recorded at fair value at their inception. We regularly review our performance risk under these arrangements, and in the event it becomes probable we will be required to perform under a guarantee or indemnity, the amount of probable payment is recorded.
Warranty and Field Service Actions

We accrue the estimated cost of both base warranty coverages and field service actions at the time of sale. We establish our estimate of base warranty obligations using a patterned estimation model, using historical information regarding the nature, frequency, and average cost of claims for each vehicle line by model year. We establish our estimates of field service action obligations using a patterned estimation model, using historical information regarding the nature, frequency, severity, and average cost of claims for each model year. In addition, from time to time, we issue extended warranties at our expense, the estimated cost of which is accrued at the time of issuance. Warranty and field service action obligations are reported in Other liabilities and deferred revenue. We reevaluate the adequacy of our accruals on a regular basis.

We recognize the benefit from a recovery of the costs associated with our warranty and field service actions when specifics of the recovery have been agreed with our supplier and the amount of recovery is virtually certain. Recoveries are reported in Trade and other receivables, net and Other assets.
v3.25.1
Segment Information Segment Information (Policies)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting, Policy [Policy Text Block]
We report segment information consistent with the way our chief operating decision maker (“CODM”), our President and Chief Executive Officer, evaluates the operating results and performance of the Company. Accordingly, we analyze the results of our business through the following segments: Ford Blue, Ford Model e, Ford Pro, and Ford Credit.

Beginning January 1, 2025, the expenses and investments for emerging business initiatives in vehicle-adjacent market segments (previously the Ford Next segment) are reflected in the reportable segments that benefit from those expenses and investments or Corporate Other. Prior period amounts were adjusted retrospectively to reflect the change.

Below is a description of our reportable segments and other activities.

Ford Blue Segment

Ford Blue primarily includes the sale of Ford and Lincoln internal combustion engine (“ICE”) and hybrid vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services. This segment focuses on developing Ford and Lincoln ICE and hybrid vehicles. Additionally, this segment provides hardware engineering and manufacturing capabilities to Ford Model e and manufactures vehicles on behalf of Ford Pro and, in certain cases, Ford Model e. Ford Blue also includes:
•All sales for markets not presently in scope for Ford Model e or Ford Pro (as further described below)
•In markets outside of the United States and Canada, sales to commercial, government, and rental customers of ICE and hybrid vehicles not considered core to Ford Pro
•Sales of electric vehicles (“EVs”) by our unconsolidated affiliates in China
•All sales of vehicles manufactured and sold to other OEMs

Ford Model e Segment

Ford Model e primarily includes the sale of our electric vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services. This segment focuses on developing EV and digital vehicle technologies, as well as software development. Additionally, Ford Model e provides software and connected vehicle technologies on behalf of the enterprise, and manufactures certain EVs, including for Ford Pro. Ford Model e operates in North America, Europe, and China. Ford Model e also includes EV and related sales not considered core to Ford Pro to commercial, government, and rental customers in Europe, China, and Mexico.

Ford Pro Segment

Ford Pro primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. Included in this segment are sales of all core Ford Pro vehicles, such as Super Duty and the Transit range of vans in North America and Europe and all sales of Ranger in Europe. In the United States and Canada, Ford Pro also includes all vehicle sales to commercial, government, and rental customers. This segment focuses on selling ICE, hybrid, and electric vehicles, and providing digital and physical services to optimize and maintain fleets, including telematics and EV charging solutions. This segment reflects external sales of vehicles produced by Ford Blue and Ford Model e, and the costs (including intersegment markup) associated with acquiring vehicles for sale and providing services are reflected in this segment. Ford Pro operates in North America and Europe.

Ford Credit Segment

The Ford Credit segment is comprised of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities.
NOTE 19. SEGMENT INFORMATION (Continued)

Corporate Other

Corporate Other primarily includes corporate governance expenses, past service pension and OPEB income and expense, interest income (excluding Ford Credit interest income and interest earned on our extended service contract portfolio) and gains and losses from our cash, cash equivalents, and marketable securities, and foreign exchange derivatives gains and losses associated with intercompany lending. Corporate governance expenses are primarily administrative, delivering benefit on behalf of the global enterprise, that are not allocated to operating segments. These include expenses related to setting and directing global policy, providing oversight and stewardship, and promoting the Company’s interests. Corporate Other assets include: cash, cash equivalents, and marketable securities; tax-related assets; defined benefit pension plan net assets; and other assets managed centrally.

Interest on Debt

Interest on Debt is presented as a separate reconciling item and consists of interest expense on Company debt excluding Ford Credit.

Special Items

Special Items are presented as a separate reconciling item. They consist of (i) pension and OPEB remeasurement gains and losses, (ii) significant personnel expenses, supplier- and dealer-related costs, and facility-related charges stemming from our efforts to match production capacity and cost structure to market demand and changing model mix, and (iii) other items that we do not necessarily consider to be indicative of earnings from ongoing operating activities. Our management ordinarily excludes these items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. We also report these special items separately to help investors track amounts related to these activities and to allow investors analyzing our results to identify certain infrequent significant items that they may wish to exclude when considering the trend of ongoing operating results.

CODM Evaluation of the Business

When we report segment earnings before interest and taxes (“Segment EBIT”) for each of the Ford Blue, Ford Model e, and Ford Pro segments, it consists of the earnings for the particular segment and does not include interest and taxes. Ford Credit segment earnings include interest and exclude taxes (“Segment EBT”). Each segment’s EBIT/EBT also excludes the results reported in Corporate Other and Special Items. For the Ford Blue, Ford Model e, and Ford Pro segments, our CODM reviews Segment EBIT and Segment EBIT margin, as well as market share, revenue, and wholesale volume to evaluate performance and allocate resources, predominately in the budgeting, planning, and forecasting processes. For Segment EBIT, our CODM reviews the year-over-year change in EBIT, sequential change in EBIT, and change in EBIT from internal forecasts/budgets. Revenue and certain of our costs, such as material costs, generally vary directly with changes in volume and mix of vehicles. As a result, our CODM reviews the EBIT impact driven by changes in volume and mix, the EBIT impact driven by changes in exchange, and the EBIT impact driven by changes in net pricing and cost categories at constant volume and mix and/or exchange. For the Ford Credit segment, our CODM reviews Segment EBT to evaluate performance and allocate resources. Expense information is provided to and reviewed by the CODM on a consolidated basis to evaluate cost efficiency and company level performance.
NOTE 19. SEGMENT INFORMATION (Continued)

Segment Revenue, Cost, and Asset Principles for Ford Blue, Ford Model e, and Ford Pro

External vehicle and digital services revenue is generally vehicle-specific and included in the segment responsible for the external vehicle sale. A majority of parts and accessories revenue and cost is attributed to customer sales channels or vehicle lines based on recent end-customer sales and is included in the respective segment.

In the normal course of business, Ford Blue, Ford Model e, and Ford Pro transact between segments and cooperate to leverage synergies, including developing and manufacturing vehicles on behalf of another segment. When one segment produces a vehicle that is sold externally by another segment, an intersegment transaction occurs. The producing segment will report intersegment revenue to recoup the costs associated with the unit produced. This includes material cost, labor and overhead (including depreciation and amortization), inbound freight, and an intersegment markup. The intersegment markup amount is set to deliver a competitive return to the producing segment for its manufacturing and distribution service. Costs are reflected in the associated segment externally reporting the vehicle sale, as detailed in the table below:

Income Statement ElementsExamplesSegment Reporting
Costs specific to a particular vehicleBill of material cost and initial warranty accrualReported in the segment externally selling the vehicle
Costs identifiable by product lineManufacturing and logistics costs, depreciation & amortization expense, direct research & development costsTypically identifiable to the product line or production location. Reported in the segment externally selling the vehicle, based on relative volume
Shared costsSelling, general & administrative expense, and indirect/cross product line research & development costsTypically shared across all segments, generally based on relative volume. Certain costs clearly linked to a segment are reported in the specific segment
Intersegment markup costs for intersegment vehicle transactionsContract manufacturing and distribution feesReported in the segment externally selling the vehicle, for each applicable vehicle transaction

Assets are reported in each segment, aligned to the appropriate operational responsibility. Manufacturing assets, e.g., our plants and the machinery and equipment therein, are included in our Ford Blue and Ford Model e segments. Manufacturing assets producing only, or primarily, EVs and related components are reflected in Ford Model e. Manufacturing assets that support the production of ICE and hybrid vehicles, including those producing ICE and electric vehicles in the same facility, are included in Ford Blue. Vendor tooling dedicated to producing EV parts is reported in Ford Model e. Purchased regulatory credit compliance assets are reported in Ford Blue. There are no Ford manufacturing, vendor tooling, or regulatory credit compliance assets reported in Ford Pro. Depreciation and amortization expense is reflected on the basis of production volume. Regulatory compliance credit expense is allocated by vehicle line between the Ford Blue and Ford Pro segments. Regardless of the segment reporting the asset, the related expenses are reported in the segment that reports the external vehicle sale.

Equity in net income/(loss) of affiliated companies is included in Income/(Loss) before income taxes, based primarily on which segment the entity supports or has the majority of the entity’s purchases or sales. The table below shows the segment reporting for our most significant unconsolidated entities:

Ford BlueFord Model eFord Pro
∘ Changan Ford Automobile Corporation, Ltd. (“CAF”)
∘ BlueOval SK, LLC
∘ Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”)
∘ Jiangling Motors Corporation, Ltd. (“JMC”)
∘ AutoAlliance (Thailand) Co., Ltd. (“AAT”)
v3.25.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation Of Revenue
The following tables disaggregate our revenue by major source for the periods ended March 31 (in millions):
First Quarter 2024
Company excluding Ford CreditFord CreditConsolidated
Vehicles, parts, and accessories$38,645 $— $38,645 
Used vehicles510 — 510 
Services and other revenue (a)688 20 708 
Revenues from sales and services
39,843 20 39,863 
Leasing income47 1,017 1,064 
Financing income— 1,819 1,819 
Insurance income— 31 31 
Total revenues$39,890 $2,887 $42,777 
First Quarter 2025
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$35,867 $— $35,867 
Used vehicles685 — 685 
Services and other revenue (a)803 18 821 
Revenues from sales and services
37,355 18 37,373 
Leasing income67 1,131 1,198 
Financing income— 2,046 2,046 
Insurance income— 42 42 
Total revenues$37,422 $3,237 $40,659 
__________
(a)Includes extended service contract revenue.
v3.25.1
Other Income/(Loss) (Tables)
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
Schedule of Other Nonoperating Income (Expense) [Table Text Block]
The amounts included in Other income/(loss), net for the periods ended March 31 were as follows (in millions):
First Quarter
 20242025
Net periodic pension and OPEB income/(cost), excluding service cost (Note 11)
$(24)$11 
Investment-related interest income410 351 
Interest income/(expense) on income taxes
(14)(17)
Realized and unrealized gains/(losses) on cash equivalents, marketable securities, and other investments(29)32 
Gains/(Losses) on changes in investments in affiliates7 7 
Royalty income124 107 
Other24 5 
Total$498 $496 
v3.25.1
Capital Stock and Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
Basic and diluted earnings/(loss) per share were calculated using the following (in millions):
First Quarter
 20242025
Net income/(loss) attributable to Ford Motor Company$1,332 $471 
Basic and Diluted Shares   
Basic shares (average shares outstanding)3,979 3,968 
Net dilutive options, unvested restricted stock units, unvested restricted stock shares, and convertible debt44 43 
Diluted shares4,023 4,011 
v3.25.1
Cash, Cash Equivalents, and Marketable Securities (Tables)
 3 Months Ended
Mar. 31, 2025
Cash, Cash Equivalents, and Marketable Securities [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
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, 2024
 Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$1,099 $854 $1,953 
U.S. government agencies22,529 400 2,929 
Non-U.S. government and agencies21,073 370 1,443 
Corporate debt2659 339 998 
Total marketable securities classified as cash equivalents
5,360 1,963 7,323 
Cash, time deposits, and money market funds8,303 7,309 15,612 
Total cash and cash equivalents$13,663 $9,272 $22,935 
Marketable securities
U.S. government1$3,530 $185 $3,715 
U.S. government agencies21,691 — 1,691 
Non-U.S. government and agencies22,272 79 2,351 
Corporate debt26,676 252 6,928 
Equities122 — 22 
Other marketable securities2516 190 706 
Total marketable securities$14,707 $706 $15,413 
Restricted cash$120 $88 $208 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
$47 $— $47 
March 31, 2025
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$1,850 $33 $1,883 
U.S. government agencies2361 100 461 
Non-U.S. government and agencies22,250 710 2,960 
Corporate debt2306 230 536 
Total marketable securities classified as cash equivalents
4,767 1,073 5,840 
Cash, time deposits, and money market funds8,646 6,378 15,024 
Total cash and cash equivalents$13,413 $7,451 $20,864 
Marketable securities
U.S. government1$3,095 $258 $3,353 
U.S. government agencies21,463 — 1,463 
Non-U.S. government and agencies22,288 82 2,370 
Corporate debt26,219 253 6,472 
Equities112 — 12 
Other marketable securities2504 188 692 
Total marketable securities$13,581 $781 $14,362 
Restricted cash$120 $93 $213 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
$— $— $— 
Debt Securities, Available-for-sale
The cash equivalents and marketable securities accounted for as available-for-sale (“AFS”) securities were as follows (in millions):
December 31, 2024
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$3,476 $1 $(27)$3,450 $282 $3,168 $— 
U.S. government agencies1,755 1 (30)1,726 697 1,010 19 
Non-U.S. government and agencies2,039 1 (39)2,001 559 1,429 13 
Corporate debt7,295 35 (21)7,309 2,272 5,033 4 
Other marketable securities486 3 (1)488 — 411 77 
Total$15,051 $41 $(118)$14,974 $3,810 $11,051 $113 
 
March 31, 2025
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$3,018 $11 $(10)$3,019 $93 $2,926 $— 
U.S. government agencies1,542 4 (22)1,524 571 938 15 
Non-U.S. government and agencies2,025 5 (25)2,005 608 1,383 14 
Corporate debt6,453 51 (8)6,496 1,505 4,968 23 
Other marketable securities475 3 — 478 — 394 84 
Total
$13,513 $74 $(65)$13,522 $2,777 $10,609 $136 

Sales proceeds and gross realized gains/losses from the sale of AFS securities for the periods ended March 31 were as follows (in millions):
First Quarter
20242025
Company excluding Ford Credit
Sales proceeds$3,719 $2,449 
Gross realized gains2 5 
Gross realized losses8 3 
Schedule Cash, Cash Equivalents, and Restricted Cash [Table Text Block]
Cash, cash equivalents, and restricted cash, as reported on our consolidated statements of cash flows, were as follows (in millions):
December 31,
2024		March 31,
2025
Cash and cash equivalents$22,935 $20,864 
Restricted cash (a)208 213 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
47 — 
Total cash, cash equivalents, and restricted cash$23,190 $21,077 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.
v3.25.1
Ford Credit Finance Receivables (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Ford Credit finance receivables, net were as follows (in millions):
 December 31,
2024		March 31,
2025
Consumer  
Retail installment contracts, gross$79,459 $78,157 
Finance leases, gross8,357 8,841 
Retail financing, gross87,816 86,998 
Unearned interest supplements(4,598)(4,469)
Consumer finance receivables83,218 82,529 
Non-Consumer 
Dealer financing29,282 25,398 
Non-Consumer finance receivables29,282 25,398 
Total recorded investment$112,500 $107,927 
Recorded investment in finance receivables$112,500 $107,927 
Allowance for credit losses(864)(881)
Total finance receivables, net$111,636 $107,046 
Current portion$51,850 $47,997 
Non-current portion59,786 59,049 
Total finance receivables, net$111,636 $107,046 
Net finance receivables subject to fair value (a)$103,755 $98,721 
Fair value (b)103,231 98,676 
__________
(a)Net finance receivables subject to fair value exclude finance leases.
(b)The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy.
Financing Receivable, Past Due
The credit quality analysis of consumer receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202020202021202220232024TotalPercent
Consumer
31 - 60 days past due$43 $93 $104 $187 $242 $203 $872 1.0 %
Greater than 60 days past due15 27 35 57 82 59 275 0.4 
Total past due58 120 139 244 324 262 1,147 1.4 
Current788 3,162 5,458 12,275 24,153 36,235 82,071 98.6 
Total$846 $3,282 $5,597 $12,519 $24,477 $36,497 $83,218 100.0 %
Gross charge-offs$46 $58 $71 $152 $191 $50 $568 

The credit quality analysis of consumer receivables at March 31, 2025 and gross charge-offs during the period ended March 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202120212022202320242025TotalPercent
Consumer
31 - 60 days past due$99 $86 $162 $226 $224 $11 $808 1.0 %
Greater than 60 days past due28 26 47 66 63 3 233 0.3 
Total past due127 112 209 292 287 14 1,041 1.3 
Current3,034 4,513 10,640 21,923 34,182 7,196 81,488 98.7 
Total$3,161 $4,625 $10,849 $22,215 $34,469 $7,210 $82,529 100.0 %
Gross charge-offs$19 $16 $35 $50 $45 $1 $166 
Financing Receivable Credit Quality Indicators
The credit quality analysis of dealer financing receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202020202021202220232024TotalTotalPercent
Group I$270 $63 $97 $47 $217 $245 $939 $25,257 $26,196 89.4 %
Group II13 — 3 1 28 31 76 2,494 2,570 8.8 
Group III— — 2 — 1 4 7 462 469 1.6 
Group IV— — — — — 1 1 46 47 0.2 
Total (a)$283 $63 $102 $48 $246 $281 $1,023 $28,259 $29,282 100.0 %
Gross charge-offs$1 $— $— $— $— $— $1 $6 $7 
__________
(a)Total past due dealer financing receivables at December 31, 2024 were $8 million.

The credit quality analysis of dealer financing receivables at March 31, 2025 and gross charge-offs during the period ended March 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202120212022202320242025TotalTotalPercent
Group I$338 $88 $36 $210 $136 $99 $907 $21,238 $22,145 87.2 %
Group II6 2 3 31 11 30 83 2,503 2,586 10.2 
Group III— — — — — 14 14 574 588 2.3 
Group IV— — — 3 — 1 4 75 79 0.3 
Total (a)$344 $90 $39 $244 $147 $144 $1,008 $24,390 $25,398 100.0 %
Gross charge-offs$— $— $— $— $— $— $— $1 $1 
__________
(a)Total past due dealer financing receivables at March 31, 2025 were $7 million.
Financing Receivable, Allowance for Credit Loss
An analysis of the allowance for credit losses related to finance receivables for the periods ended March 31 was as follows (in millions):
First Quarter 2024
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$879 $3 $882 
Charge-offs(129)— (129)
Recoveries39 3 42 
Provision for credit losses91 (3)88 
Other (a)(3)— (3)
Ending balance$877 $3 $880 

First Quarter 2025
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$860 $4 $864 
Charge-offs(166)(1)(167)
Recoveries40 — 40 
Provision for credit losses135 5 140 
Other (a)3 1 4 
Ending balance$872 $9 $881 
__________
(a)    Primarily represents amounts related to foreign currency translation adjustments.
v3.25.1
Inventories (Tables)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory [Table Text Block]
Inventories were as follows (in millions):
 December 31,
2024		March 31,
2025
Raw materials, work-in-process, and supplies$5,394 $6,146 
Finished products9,557 11,749 
Total inventories$14,951 $17,895 

Our finished product inventory at March 31, 2025 was higher than at December 31, 2024, reflecting higher in-transit and in-plant inventory.
v3.25.1
Other Liabilities and Deferred Revenue (Tables)
 3 Months Ended
Mar. 31, 2025
Other Liabilities [Abstract]  
Schedule of Accrued Liabilities and Deferred Revenue [Table Text Block]
Other liabilities and deferred revenue were as follows (in millions):
 December 31,
2024		March 31,
2025
Current
Dealer and dealers’ customer allowances and claims$14,140 $14,159 
Deferred revenue3,331 3,623 
Employee benefit plans2,457 1,975 
Accrued interest1,346 1,339 
Operating lease liabilities558 580 
OPEB (a)335 336 
Pension (a)215 217 
Other (b)5,400 5,804 
Total current other liabilities and deferred revenue$27,782 $28,033 
Non-current  
Dealer and dealers’ customer allowances and claims$9,836 $10,230 
Deferred revenue4,910 4,888 
Pension (a)4,470 4,287 
OPEB (a)4,080 4,023 
Operating lease liabilities1,782 1,933 
Employee benefit plans806 775 
Other (b)2,948 2,747 
Total non-current other liabilities and deferred revenue$28,832 $28,883 
__________
(a)Balances at March 31, 2025 reflect pension and OPEB liabilities at December 31, 2024, updated for: service and interest cost; expected return on assets; curtailments, settlements, and associated interim remeasurement (where applicable); separation expense; actual benefit payments; and cash contributions. The discount rate and rate of expected return assumptions are unchanged from year-end 2024. Included in Other assets are pension assets of $4.1 billion and $4.3 billion at December 31, 2024 and March 31, 2025, respectively.
(b)Includes current derivative liabilities of $1.0 billion and $0.7 billion at December 31, 2024 and March 31, 2025, respectively. Includes non-current derivative liabilities of $0.9 billion and $0.7 billion at December 31, 2024 and March 31, 2025, respectively (see Note 13).
v3.25.1
Retirement Benefits (Tables)
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Defined Benefit Plans - Expense
The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended March 31 were as follows (in millions):

First Quarter
20242025
 Pension BenefitsOPEBPension BenefitsOPEB
 U.S. PlansNon-U.S. PlansWorldwide U.S. PlansNon-U.S. PlansWorldwide
Service cost$73 $63 $6 $52 $48 $5 
Interest cost400 235 57 393 224 55 
Expected return on assets(455)(255)— (456)(278)— 
Amortization of prior service costs/(credits)
23 6 2 22 6 2 
Net remeasurement (gain)/loss— (11)— — (10)— 
Separation costs/other8 14 — 7 24 — 
Settlements and curtailments
— — — — — — 
Net periodic benefit cost/(income)
$49 $52 $65 $18 $14 $62 
v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The carrying value of Company debt excluding Ford Credit and Ford Credit debt was as follows (in millions):
December 31,
2024		March 31,
2025
Company excluding Ford Credit  
Debt payable within one year
Short-term$632 $814 
Long-term debt payable within one year 
U.K. Export Finance Program784 810 
Public unsecured debt securities176 176 
Convertible notes (a)— 2,300 
Other debt (including finance leases) (b)176 199 
Unamortized (discount)/premium(11)(6)
Unamortized issuance costs(1)(7)
Total debt payable within one year1,756 4,286 
Long-term debt payable after one year 
Public unsecured debt securities14,759 14,759 
Convertible notes (a)2,300 — 
U.K. Export Finance Program940 972 
Other debt (including finance leases) (b)1,160 1,161 
Unamortized (discount)/premium(109)(107)
Unamortized issuance costs(152)(141)
Total long-term debt payable after one year18,898 16,644 
Total Company excluding Ford Credit$20,654 $20,930 
Fair value of Company debt excluding Ford Credit (c)$20,178 $20,055 
Ford Credit  
Debt payable within one year
Short-term$17,413 $17,074 
Long-term payable within one year 
Unsecured debt12,871 14,029 
Asset-backed debt23,050 19,129 
Unamortized (discount)/premium2 — 
Unamortized issuance costs
(18)(19)
Fair value adjustments (d)(125)(59)
Total debt payable within one year53,193 50,154 
Long-term debt payable after one year
Unsecured debt49,607 51,999 
Asset-backed debt36,224 33,025 
Unamortized (discount)/premium(20)(20)
Unamortized issuance costs
(217)(229)
Fair value adjustments (d)(919)(589)
Total long-term debt payable after one year84,675 84,186 
Total Ford Credit$137,868 $134,340 
Fair value of Ford Credit debt (c)$140,046 $135,857 
__________`
(a)As of March 31, 2025, each $1,000 principal amount of the notes will be convertible into 72.4656 shares of our Common Stock, which is equivalent to a conversion price of approximately $13.80 per share. We recognized issuance cost amortization of $2 million during both the first quarter of 2024 and 2025.
(b)At December 31, 2024 and March 31, 2025, long-term finance leases payable within one year were $94 million and $109 million, respectively, and long-term finance leases payable after one year were $711 million and $721 million, respectively.
(c)At December 31, 2024 and March 31, 2025, the fair value of debt includes $632 million and $814 million of Company excluding Ford Credit short-term debt, respectively, and $16.2 billion and $16.4 billion of Ford Credit short-term debt, respectively, carried at cost, which approximates fair value. All other debt is categorized within Level 2 of the fair value hierarchy.
(d)These adjustments are related to hedging activity and include discontinued hedging relationship adjustments of $(450) million and $(374) million at December 31, 2024 and March 31, 2025, respectively. The carrying value of hedged debt was $41.1 billion and $43.3 billion at December 31, 2024 and March 31, 2025, respectively.
v3.25.1
Derivative Financial Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Income Effect of Derivative Instruments [Table Text Block]
The gains/(losses), by hedge designation, reported in income for the periods ended March 31 were as follows (in millions):
 First Quarter
Cash flow hedges
20242025
Reclassified from AOCI to Cost of sales
Foreign currency exchange contracts (a)
$14 $74 
Commodity contracts (b)
(26)11 
Fair value hedges
Interest rate contracts
Net interest settlements and accruals on hedging instruments
(96)(48)
Fair value changes on hedging instruments(243)329 
Fair value changes on hedged debt220 (324)
Cross-currency interest rate swap contracts
Net interest settlements and accruals on hedging instruments
(29)(25)
Fair value changes on hedging instruments(64)146 
Fair value changes on hedged debt62 (136)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts (c)69 60 
Cross-currency interest rate swap contracts
(166)102 
Interest rate contracts48 (45)
Commodity contracts(20)11 
Total$(231)$155 
__________
(a)For the first quarter of 2024 and 2025, a $288 million gain and a $78 million loss, respectively, were reported in Other comprehensive income/(loss), net of tax.
(b)For the first quarter of 2024 and 2025, a $32 million loss and a $4 million loss, respectively, were reported in Other comprehensive income/(loss), net of tax.
(c)For the first quarter of 2024 and 2025, a $23 million loss and a $70 million gain, respectively, were reported in Cost of sales, and a $92 million gain and a $10 million loss, respectively, were reported in Other income/(loss), net.
Balance Sheet Effect of Derivative Instruments [Table Text Block]
The fair value of our derivative instruments and the associated notional amounts were as follows (in millions):
December 31, 2024March 31, 2025
NotionalFair Value of
Assets		Fair Value of
Liabilities		NotionalFair Value of
Assets		Fair Value of
Liabilities
Cash flow hedges   
Foreign currency exchange contracts
$20,027 $578 $123 $18,346 $452 $169 
Commodity contracts959 22 13 982 13 20 
Fair value hedges
Interest rate contracts16,194 66 645 21,642 265 446 
Cross-currency interest rate swap contracts
3,802 9 139 3,802 87 75 
Derivatives not designated as hedging instruments
Foreign currency exchange contracts20,799 301 192 20,604 317 96 
Cross-currency interest rate swap contracts
5,455 133 246 4,333 125 72 
Interest rate contracts76,977 305 845 78,371 322 752 
Commodity contracts944 14 31 933 18 17 
Total derivative financial instruments, gross (a) (b)
$145,157 $1,428 $2,234 $149,013 $1,599 $1,647 
Current portion
$869 $1,311 $655 $949 
Non-current portion
559 923 944 698 
Total derivative financial instruments, gross
$1,428 $2,234 $1,599 $1,647 
__________
(a)At December 31, 2024 and March 31, 2025, we held collateral of $27 million and $26 million, respectively, and we posted collateral of $127 million and $119 million, respectively.
(b)At December 31, 2024 and March 31, 2025, the fair value of assets and liabilities available for counterparty netting was $780 million and $876 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.
v3.25.1
Employee Separation Actions and Exit and Disposal Activities (Tables)
 3 Months Ended
Mar. 31, 2025
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring Reserve by Type of Cost
The following table summarizes the activities for the periods ended March 31, which are recorded in Other liabilities and deferred revenue (in millions):
First Quarter
20242025
Beginning balance$1,086 $1,098 
Changes in accruals (a)594 47 
Payments(188)(178)
Foreign currency translation and other(26)32 
Ending balance$1,466 $999 
__________
(a)Excludes pension costs of $14 million and $24 million in the first quarter of 2024 and 2025, respectively.
v3.25.1
Accumulated Other Comprehensive Income/(Loss) (Tables)
 3 Months Ended
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the periods ended March 31 were as follows (in millions):
First Quarter
20242025
Foreign currency translation
Beginning balance$(5,443)$(6,899)
Gains/(Losses) on foreign currency translation(118)497 
Less: Tax/(Tax benefit) (a)(4)(28)
Net gains/(losses) on foreign currency translation (114)525 
(Gains)/Losses reclassified from AOCI to net income— (4)
Other comprehensive income/(loss), net of tax(114)521 
Ending balance$(5,557)$(6,378)
Marketable securities
Beginning balance$(170)$(50)
Gains/(Losses) on available for sale securities(15)88 
Less: Tax/(Tax benefit)(2)19 
Net gains/(losses) on available for sale securities(13)69 
(Gains)/Losses reclassified from AOCI to net income6 (2)
Less: Tax/(Tax benefit)1 — 
Net (gains)/losses reclassified from AOCI to net income (b)5 (2)
Other comprehensive income/(loss), net of tax(8)67 
Ending balance$(178)$17 
Derivative instruments
Beginning balance$(331)$277 
Gains/(Losses) on derivative instruments256 (82)
Less: Tax/(Tax benefit)60 (19)
Net gains/(losses) on derivative instruments196 (63)
(Gains)/Losses reclassified from AOCI to net income12 (85)
Less: Tax/(Tax benefit)3 (19)
Net (gains)/losses reclassified from AOCI to net income (c)9 (66)
Other comprehensive income/(loss), net of tax205 (129)
Ending balance$(126)$148 
Pension and other postretirement benefits
Beginning balance$(3,098)$(2,967)
Amortization and recognition of prior service costs/(credits)
31 30 
Less: Tax/(Tax benefit)8 7 
Net prior service costs/(credits) reclassified from AOCI to net income
23 23 
Translation impact on non-U.S. plans
4 (1)
Other comprehensive income/(loss), net of tax27 22 
Ending balance$(3,071)$(2,945)
Total AOCI ending balance at March 31$(8,932)$(9,158)
__________
(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)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net gains on cash flow hedges of $181 million (see Note 13).
v3.25.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Warranty [Table Text Block]
The estimate of our future warranty and field service action costs, net of estimated supplier recoveries, for the periods ended March 31 was as follows (in millions):
First Quarter
 20242025
Beginning balance$11,504 $14,032 
Payments made during the period(1,391)(1,457)
Changes in accrual related to warranties issued during the period1,091 1,689 
Changes in accrual related to pre-existing warranties397 356 
Foreign currency translation and other(61)29 
Ending balance$11,540 $14,649 
v3.25.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Key financial information for the periods ended or at March 31 was as follows (in millions):
 Ford BlueFord
Model e		Ford ProFord CreditUnallocated Amounts and Eliminations (a)Total
First Quarter 2024    
External revenues$21,754 $116 $18,019 $2,887 $1 $42,777 
Intersegment revenues (b)11,741 21 — — (11,762)— 
Total revenues$33,495 $137 $18,019 $2,887 $(11,761)$42,777 
Other segment items (c)32,594 1,464 15,013 2,561 
Segment EBIT/EBT$901 $(1,327)$3,006 $326 $2,906 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(143)
Interest on debt (excludes $1,848 of Ford Credit interest on debt)
(278)
Special items (d)(873)
Income/(Loss) before income taxes$1,612 
Other Segment Disclosures
Depreciation and tooling amortization$725 $143 $360 $622 $31 $1,881 
Investment-related interest income36 1 11 145 217 410 
Equity in net income/(loss) of affiliated companies61 (19)117 8 — 167 
Cash outflow for capital spending (e)1,049 975 9 21 40 2,094 
Total assets61,416 15,032 3,659 148,896 45,338 274,341 
First Quarter 2025
External revenues$20,997 $1,242 $15,181 $3,237 $2 $40,659 
Intersegment revenues (b)10,605 116 — — (10,721)— 
Total revenues$31,602 $1,358 $15,181 $3,237 $(10,719)$40,659 
Other segment items (c)31,506 2,207 13,872 2,657 
Segment EBIT/EBT$96 $(849)$1,309 $580 $1,136 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(117)
Interest on debt (excludes $1,790 of Ford Credit interest on debt)
(288)
Special items (f)(110)
Income/(Loss) before income taxes$621 
Other Segment Disclosures
Depreciation and tooling amortization$729 $138 $348 $618 $15 $1,848 
Investment-related interest income48 1 15 91 196 351 
Equity in net income/(loss) of affiliated companies62 (20)40 10 2 94 
Cash outflow for capital spending (e)987 761 7 28 35 1,818 
Total assets62,772 16,181 3,664 154,183 47,739 284,539 
__________
(a)Unallocated amounts include Corporate Other (see above description of corporate expenses and corporate assets) and Special Items. Eliminations include intersegment transactions occurring in the ordinary course of business.
(b)Intersegment revenues only reflect finished vehicle transactions between Ford Blue, Ford Model e, and Ford Pro where there is an intersegment markup and are recognized at the time of the intersegment transaction.
(c)Other segment items for the Ford Blue, Ford Model e, and Ford Pro segments primarily consists of: material costs (including commodities and components and purchased vehicles from partners), manufacturing costs (including hourly and salaried wages and fringe, and plant overhead such as utilities and taxes), warranty coverages and field service action costs (including estimated costs to repair, replace, or adjust parts on a vehicle that are defective in factory supplied materials or workmanship), freight and duty costs (including related to the receiving and shipping of components and vehicles), vehicle and software engineering and connectivity costs (including wages and fringe for personnel, prototype materials, testing, and outside services), spending-related costs (including depreciation and amortization of manufacturing and engineering assets, asset retirements, and operating leases), advertising and sales promotions costs (including costs for advertising, marketing programs, brand promotions, customer mailings and promotional events, and auto shows), and administrative, IT, and selling costs (primarily including wages and fringe for salaried personnel and purchased services). Other segment items for the Ford Credit segment primarily consists of interest expense and depreciation.
(d)Primarily reflects restructuring actions in Europe, the extended duration of the EV program changeover at the Oakville Assembly Plant, and buyouts for hourly employees in North America.
(e)Ford Blue includes $223 million and $163 million of spending attributable to electric vehicles at shared manufacturing plants at March 31, 2024 and March 31, 2025, respectively. Total electric vehicle spending, including Ford Blue and Ford Model e, was $1,198 million and $924 million at March 31, 2024 and March 31, 2025, respectively.
(f)Primarily reflects the cancellation of a previously planned all-electric three-row SUV program and continued ongoing restructuring actions in Europe.
v3.25.1
Revenue - Disaggregation of Revenue from Contract with Customer by Products and Services (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Total revenues $ 40,659 $ 42,777
Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 37,422 39,890
Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 3,237 2,887
Vehicles, parts, and accessories    
Disaggregation of Revenue [Line Items]    
Total revenues 35,867 38,645
Used vehicles    
Disaggregation of Revenue [Line Items]    
Total revenues 685 510
Service and Other Revenue    
Disaggregation of Revenue [Line Items]    
Total revenues 821 708
Revenues from sales and services    
Disaggregation of Revenue [Line Items]    
Total revenues 37,373 39,863
Leasing income    
Disaggregation of Revenue [Line Items]    
Total revenues 1,198 1,064
Financing income    
Disaggregation of Revenue [Line Items]    
Total revenues 2,046 1,819
Insurance income    
Disaggregation of Revenue [Line Items]    
Total revenues 42 31
Operating Segments | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 37,422 39,890
Operating Segments | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 3,237 2,887
Operating Segments | Vehicles, parts, and accessories | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 35,867 38,645
Operating Segments | Vehicles, parts, and accessories | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Operating Segments | Used vehicles | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 685 510
Operating Segments | Used vehicles | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Operating Segments | Service and Other Revenue | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 803 688
Operating Segments | Service and Other Revenue | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 18 20
Operating Segments | Revenues from sales and services | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 37,355 39,843
Operating Segments | Revenues from sales and services | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 18 20
Operating Segments | Leasing income | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 67 47
Operating Segments | Leasing income | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 1,131 1,017
Operating Segments | Financing income | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Operating Segments | Financing income | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 2,046 1,819
Operating Segments | Insurance income | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 0 0
Operating Segments | Insurance income | Ford Credit    
Disaggregation of Revenue [Line Items]    
Total revenues 42 31
Operating Segments | Services and other revenue (a) | Company excluding Ford Credit    
Disaggregation of Revenue [Line Items]    
Contract with Customer, Liability, Revenue Recognized $ 504 $ 431
v3.25.1
Revenue Revenue - Narrative (Details) - Operating Segments - Company excluding Ford Credit - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Vehicles, parts, and accessories      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Contract with Customer, Performance Obligation Satisfied in Previous Period $ 96 $ (707)  
Services and other revenue (a)      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Revenue, Remaining Performance Obligation, Amount 1,400    
Contract with Customer, Liability 5,500   $ 5,300
Contract with Customer, Liability, Revenue Recognized 504 431  
Capitalized Contract Cost, Net 316   $ 312
Capitalized Contract Cost, Amortization $ 30 $ 26  
v3.25.1
Revenue Revenue - Performance Obligations (Details) - Company excluding Ford Credit - Operating Segments - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Services and other revenue (a)    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 1,400  
Capitalized Contract Cost, Amortization $ 30 $ 26
Services and other revenue (a) | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 9 months  
Services and other revenue (a) | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 1,400  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 1 year  
Services and other revenue (a) | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 2,700  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 8 years  
Vehicles, parts, and accessories    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Contract with Customer, Performance Obligation Satisfied in Previous Period $ 96 $ (707)
v3.25.1
Other Income/(Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component $ 11 $ (24)
Investment-related interest income 351 410
Unrecognized Tax Benefits, Interest on Income Taxes Expense (17) (14)
Gain (Loss) on Investments 32 (29)
Gains (Losses) On Changes In Investments In Affiliates 7 7
Royalty income 107 124
Other 5 24
Total $ 496 $ 498
v3.25.1
Capital Stock and Earnings Per Share (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Basic and Diluted Income Attributable to Ford Motor Company [Abstract]    
Net income/(loss) attributable to Ford Motor Company $ 471 $ 1,332
Basic and Diluted Shares [Abstract]    
Basic shares (average shares outstanding) 3,968 3,979
Net dilutive options, unvested restricted stock units, unvested restricted stock shares, and convertible debt 43 44
Diluted shares 4,011 4,023
v3.25.1
Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total cash and cash equivalents $ 20,864   $ 22,935  
Restricted cash 213   208  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations 0   47  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 21,077 $ 19,986 23,190 $ 25,110
Net realized and unrealized (gains)/losses on cash equivalents, marketable securities, and other investments (32) $ 29    
Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total cash and cash equivalents 7,451   9,272  
Restricted cash 93   88  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations 0   0  
Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Total cash and cash equivalents 13,413   13,663  
Debt Securities, Available-for-sale 13,522   14,974  
Restricted cash 120   120  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations 0   47  
U.S. government | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 3,019   3,450  
U.S. government agencies | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 1,524   1,726  
Non-U.S. government and agencies | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 2,005   2,001  
Corporate debt | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 6,496   7,309  
Other marketable securities | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 478   488  
Fair Value, Recurring        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 5,840   7,323  
Cash, Cash Equivalents, and Short-term Investments 15,024   15,612  
Debt Securities, Available-for-sale 14,362   15,413  
Fair Value, Recurring | Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 1,073   1,963  
Cash, Cash Equivalents, and Short-term Investments 6,378   7,309  
Debt Securities, Available-for-sale 781   706  
Fair Value, Recurring | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 4,767   5,360  
Cash, Cash Equivalents, and Short-term Investments 8,646   8,303  
Debt Securities, Available-for-sale 13,581   14,707  
Fair Value, Recurring | Level 1 [Member] | U.S. government        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 1,883   1,953  
Debt Securities, Available-for-sale 3,353   3,715  
Fair Value, Recurring | Level 1 [Member] | U.S. government | Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 33   854  
Debt Securities, Available-for-sale 258   185  
Fair Value, Recurring | Level 1 [Member] | U.S. government | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 1,850   1,099  
Debt Securities, Available-for-sale 3,095   3,530  
Fair Value, Recurring | Level 1 [Member] | Equities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 12   22  
Fair Value, Recurring | Level 1 [Member] | Equities | Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 0   0  
Fair Value, Recurring | Level 1 [Member] | Equities | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 12   22  
Fair Value, Recurring | Level 2 [Member] | U.S. government agencies        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 461   2,929  
Debt Securities, Available-for-sale 1,463   1,691  
Fair Value, Recurring | Level 2 [Member] | U.S. government agencies | Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 100   400  
Debt Securities, Available-for-sale 0   0  
Fair Value, Recurring | Level 2 [Member] | U.S. government agencies | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 361   2,529  
Debt Securities, Available-for-sale 1,463   1,691  
Fair Value, Recurring | Level 2 [Member] | Non-U.S. government and agencies        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 2,960   1,443  
Debt Securities, Available-for-sale 2,370   2,351  
Fair Value, Recurring | Level 2 [Member] | Non-U.S. government and agencies | Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 710   370  
Debt Securities, Available-for-sale 82   79  
Fair Value, Recurring | Level 2 [Member] | Non-U.S. government and agencies | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 2,250   1,073  
Debt Securities, Available-for-sale 2,288   2,272  
Fair Value, Recurring | Level 2 [Member] | Corporate debt        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 536   998  
Debt Securities, Available-for-sale 6,472   6,928  
Fair Value, Recurring | Level 2 [Member] | Corporate debt | Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 230   339  
Debt Securities, Available-for-sale 253   252  
Fair Value, Recurring | Level 2 [Member] | Corporate debt | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Cash and Cash Equivalents, Fair Value Disclosure 306   659  
Debt Securities, Available-for-sale 6,219   6,676  
Fair Value, Recurring | Level 2 [Member] | Other marketable securities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 692   706  
Fair Value, Recurring | Level 2 [Member] | Other marketable securities | Operating Segments | Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale 188   190  
Fair Value, Recurring | Level 2 [Member] | Other marketable securities | Operating Segments | Company excluding Ford Credit        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Debt Securities, Available-for-sale $ 504   $ 516  
v3.25.1
Cash, Cash Equivalents, and Marketable Securities Available for Sale Securities (Details) - Operating Segments - Company excluding Ford Credit - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Debt Securities, Available-for-sale [Abstract]      
Debt Securities, Available-for-sale, Amortized Cost $ 13,513   $ 15,051
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 74   41
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (65)   (118)
Debt Securities, Available-for-sale 13,522   14,974
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 2,777   3,810
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 10,609   11,051
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 136   113
Sales proceeds 2,449 $ 3,719  
Gross realized gains 5 2  
Gross realized losses 3 $ 8  
U.S. government      
Debt Securities, Available-for-sale [Abstract]      
Debt Securities, Available-for-sale, Amortized Cost 3,018   3,476
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 11   1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (10)   (27)
Debt Securities, Available-for-sale 3,019   3,450
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 93   282
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 2,926   3,168
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 0   0
U.S. government agencies      
Debt Securities, Available-for-sale [Abstract]      
Debt Securities, Available-for-sale, Amortized Cost 1,542   1,755
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 4   1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (22)   (30)
Debt Securities, Available-for-sale 1,524   1,726
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 571   697
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 938   1,010
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 15   19
Non-U.S. government and agencies      
Debt Securities, Available-for-sale [Abstract]      
Debt Securities, Available-for-sale, Amortized Cost 2,025   2,039
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 5   1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (25)   (39)
Debt Securities, Available-for-sale 2,005   2,001
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 608   559
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 1,383   1,429
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 14   13
Corporate debt      
Debt Securities, Available-for-sale [Abstract]      
Debt Securities, Available-for-sale, Amortized Cost 6,453   7,295
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 51   35
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (8)   (21)
Debt Securities, Available-for-sale 6,496   7,309
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 1,505   2,272
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 4,968   5,033
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 23   4
Other marketable securities      
Debt Securities, Available-for-sale [Abstract]      
Debt Securities, Available-for-sale, Amortized Cost 475   486
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 3   3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 0   (1)
Debt Securities, Available-for-sale 478   488
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 0   0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 394   411
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value $ 84   $ 77
v3.25.1
Cash, Cash Equivalents, and Marketable Securities Restricted Cash (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Restricted Cash and Cash Equivalents Items [Line Items]    
Cash and cash equivalents $ 20,864 $ 22,935
Restricted cash 213 208
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations $ 0 47
Restricted Cash, Statement of Financial Position [Extensible Enumeration] Other assets  
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Total $ 21,077 $ 23,190
v3.25.1
Ford Credit Finance Receivables, net (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Financing Receivables [Line Items]        
Number Of Days After Which Finance Receivable Is Considered Past Due 31 days      
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Current portion $ 47,997   $ 51,850  
Non-current portion $ 59,049   59,786  
Financing Receivable, Threshold Period Past Due, Writeoff 120 days      
Variable Interest Entity, Primary Beneficiary        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Total finance receivables, net $ 56,439   60,717  
Ford Credit        
Financing Receivables [Line Items]        
Sales-type Lease, Lease Income 137 $ 117    
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail installment contracts, gross 107,927   112,500  
Total finance receivables, net 107,046   111,636  
Financing Receivable, Allowance for Credit Loss (881) (880) (864) $ (882)
Current portion 47,997   51,850  
Non-current portion 59,049   59,786  
Net finance receivables subject to fair value (a) 98,721   103,755  
Interest Receivable 310   335  
Ford Credit | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Fair value (b) 98,676   103,231  
Ford Credit | Consumer        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail installment contracts, gross 82,529   83,218  
Retail financing, gross 86,998   87,816  
Financing Receivable, Allowance for Credit Loss (872) (877) (860) (879)
Ford Credit | Consumer | Variable Interest Entity, Primary Beneficiary        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail installment contracts, gross 43,900   47,600  
Ford Credit | Consumer | Retail installment contracts        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail financing, gross 78,157   79,459  
Ford Credit | Consumer | Retail financing        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail installment contracts, gross 82,529   83,218  
Unearned interest supplements (4,469)   (4,598)  
Ford Credit | Finance Leases Portfolio Segment | Retail financing        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Finance leases, gross 8,841   8,357  
Ford Credit | Non-consumer        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail installment contracts, gross 25,398   29,282  
Financing Receivable, Allowance for Credit Loss (9) $ (3) (4) $ (3)
Ford Credit | Non-consumer | Variable Interest Entity, Primary Beneficiary        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail installment contracts, gross 22,500   24,400  
Ford Credit | Non-consumer | Dealer financing        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]        
Retail installment contracts, gross $ 25,398   $ 29,282  
v3.25.1
Ford Credit Finance Receivables - Aging (Details) - Ford Credit - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivables, Aging [Line Items]      
Recorded investment $ 107,927   $ 112,500
Financing Receivable, Allowance for Credit Loss, Writeoff 167 $ 129  
Consumer      
Financing Receivables, Aging [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 3,161   846
Financing Receivable, Originated Four Years before Latest Fiscal Year 4,625   3,282
Financing Receivable, Originated Three Years before Latest Fiscal Year 10,849   5,597
Financing Receivable, Originated Two Years before Latest Fiscal Year 22,215   12,519
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 34,469   24,477
Financing Receivable, Originated in Current Fiscal Year 7,210   36,497
Recorded investment $ 82,529   $ 83,218
Financing Receivable, Percent of Consumer Finance Receivables 100.00%   100.00%
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff $ 19   $ 46
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff 16   58
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff 35   71
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff 50   152
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff 45   191
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff 1   50
Financing Receivable, Allowance for Credit Loss, Writeoff 166 $ 129 568
Consumer | Financing Receivables, 31 to 60 Days Past due [Member]      
Financing Receivables, Aging [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 99   43
Financing Receivable, Originated Four Years before Latest Fiscal Year 86   93
Financing Receivable, Originated Three Years before Latest Fiscal Year 162   104
Financing Receivable, Originated Two Years before Latest Fiscal Year 226   187
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 224   242
Financing Receivable, Originated in Current Fiscal Year 11   203
Recorded investment $ 808   $ 872
Financing Receivable, Percent of Consumer Finance Receivables 1.00%   1.00%
Consumer | Financing Receivables, Greater than 60 Days Past due [Member]      
Financing Receivables, Aging [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year $ 28   $ 15
Financing Receivable, Originated Four Years before Latest Fiscal Year 26   27
Financing Receivable, Originated Three Years before Latest Fiscal Year 47   35
Financing Receivable, Originated Two Years before Latest Fiscal Year 66   57
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 63   82
Financing Receivable, Originated in Current Fiscal Year 3   59
Recorded investment $ 233   $ 275
Financing Receivable, Percent of Consumer Finance Receivables 0.30%   0.40%
Consumer | Financial Asset, Greater than 30 Days Past Due [Member]      
Financing Receivables, Aging [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year $ 127   $ 58
Financing Receivable, Originated Four Years before Latest Fiscal Year 112   120
Financing Receivable, Originated Three Years before Latest Fiscal Year 209   139
Financing Receivable, Originated Two Years before Latest Fiscal Year 292   244
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 287   324
Financing Receivable, Originated in Current Fiscal Year 14   262
Recorded investment $ 1,041   $ 1,147
Financing Receivable, Percent of Consumer Finance Receivables 1.30%   1.40%
Consumer | Financial Asset, 1 to 29 Days Past Due [Member]      
Financing Receivables, Aging [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year $ 3,034   $ 788
Financing Receivable, Originated Four Years before Latest Fiscal Year 4,513   3,162
Financing Receivable, Originated Three Years before Latest Fiscal Year 10,640   5,458
Financing Receivable, Originated Two Years before Latest Fiscal Year 21,923   12,275
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 34,182   24,153
Financing Receivable, Originated in Current Fiscal Year 7,196   36,235
Recorded investment $ 81,488   $ 82,071
Financing Receivable, Percent of Consumer Finance Receivables 98.70%   98.60%
v3.25.1
Ford Credit Finance Receivables - Credit Quality (Details) - Ford Credit - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Credit quality [Line Items]      
Recorded investment $ 107,927   $ 112,500
Financing Receivable, Allowance for Credit Loss, Writeoff 167 $ 129  
Non-consumer      
Credit quality [Line Items]      
Financing Receivable, Revolving 24,390   28,259
Recorded investment 25,398   29,282
Financing Receivable, Revolving, Writeoff 1   6
Financing Receivable, Allowance for Credit Loss, Writeoff 1 $ 0  
Non-consumer | Group I      
Credit quality [Line Items]      
Financing Receivable, Revolving 21,238   25,257
Non-consumer | Group II      
Credit quality [Line Items]      
Financing Receivable, Revolving 2,503   2,494
Non-consumer | Group III      
Credit quality [Line Items]      
Financing Receivable, Revolving 574   462
Non-consumer | Group IV      
Credit quality [Line Items]      
Financing Receivable, Revolving 75   46
Non-consumer | Dealer Loans      
Credit quality [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 344   283
Financing Receivable, Originated Four Years before Latest Fiscal Year 90   63
Financing Receivable, Originated Three Years before Latest Fiscal Year 39   102
Financing Receivable, Originated Two Years before Latest Fiscal Year 244   48
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 147   246
Financing Receivable, Originated in Current Fiscal Year 144   281
Recorded investment 1,008   1,023
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff 0   1
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff 0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff 0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff 0   0
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff 0   0
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff 0   0
Financing Receivable, Allowance for Credit Loss, Writeoff 0   1
Non-consumer | Dealer Loans | Group I      
Credit quality [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 338   270
Financing Receivable, Originated Four Years before Latest Fiscal Year 88   63
Financing Receivable, Originated Three Years before Latest Fiscal Year 36   97
Financing Receivable, Originated Two Years before Latest Fiscal Year 210   47
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 136   217
Financing Receivable, Originated in Current Fiscal Year 99   245
Recorded investment 907   939
Non-consumer | Dealer Loans | Group II      
Credit quality [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 6   13
Financing Receivable, Originated Four Years before Latest Fiscal Year 2   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 3   3
Financing Receivable, Originated Two Years before Latest Fiscal Year 31   1
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 11   28
Financing Receivable, Originated in Current Fiscal Year 30   31
Recorded investment 83   76
Non-consumer | Dealer Loans | Group III      
Credit quality [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 0   0
Financing Receivable, Originated Four Years before Latest Fiscal Year 0   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 0   2
Financing Receivable, Originated Two Years before Latest Fiscal Year 0   0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 0   1
Financing Receivable, Originated in Current Fiscal Year 14   4
Recorded investment 14   7
Non-consumer | Dealer Loans | Group IV      
Credit quality [Line Items]      
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 0   0
Financing Receivable, Originated Four Years before Latest Fiscal Year 0   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 0   0
Financing Receivable, Originated Two Years before Latest Fiscal Year 3   0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 0   0
Financing Receivable, Originated in Current Fiscal Year 1   1
Recorded investment 4   1
Non-consumer | Wholesale and Dealer Loans      
Credit quality [Line Items]      
Recorded investment $ 25,398   $ 29,282
Financing Receivable, Percent of Dealer Finance Receivables 100.00%   100.00%
Financing Receivable, Allowance for Credit Loss, Writeoff $ 1   $ 7
Non-consumer | Wholesale and Dealer Loans | Financing Receivables, Total Past Due      
Credit quality [Line Items]      
Recorded investment 7   8
Non-consumer | Wholesale and Dealer Loans | Group I      
Credit quality [Line Items]      
Recorded investment $ 22,145   $ 26,196
Financing Receivable, Percent of Dealer Finance Receivables 87.20%   89.40%
Non-consumer | Wholesale and Dealer Loans | Group II      
Credit quality [Line Items]      
Recorded investment $ 2,586   $ 2,570
Financing Receivable, Percent of Dealer Finance Receivables 10.20%   8.80%
Non-consumer | Wholesale and Dealer Loans | Group III      
Credit quality [Line Items]      
Recorded investment $ 588   $ 469
Financing Receivable, Percent of Dealer Finance Receivables 2.30%   1.60%
Non-consumer | Wholesale and Dealer Loans | Group IV      
Credit quality [Line Items]      
Recorded investment $ 79   $ 47
Financing Receivable, Percent of Dealer Finance Receivables 0.30%   0.20%
v3.25.1
Allowance for Credit Losses (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]      
Financing Receivable, Threshold Period Past Due, Writeoff 120 days    
Ford Credit      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Financing Receivable, Allowance for Credit Loss $ 864 $ 882 $ 882
Financing Receivable, Allowance for Credit Loss, Writeoff (167) (129)  
Financing Receivable, Allowance for Credit Loss, Recovery 40 42  
Provision for credit losses 140 88  
Financing Receivable, Allowance for Credit Losses, Other 4 (3)  
Financing Receivable, Allowance for Credit Loss, Ending Balance 881 880 864
Consumer | Ford Credit      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Financing Receivable, Allowance for Credit Loss 860 879 879
Financing Receivable, Allowance for Credit Loss, Writeoff (166) (129) (568)
Financing Receivable, Allowance for Credit Loss, Recovery 40 39  
Provision for credit losses 135 91  
Financing Receivable, Allowance for Credit Losses, Other 3 (3)  
Financing Receivable, Allowance for Credit Loss, Ending Balance 872 877 860
Non-consumer | Ford Credit      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Financing Receivable, Allowance for Credit Loss 4 3 3
Financing Receivable, Allowance for Credit Loss, Writeoff (1) 0  
Financing Receivable, Allowance for Credit Loss, Recovery 0 3  
Provision for credit losses 5 (3)  
Financing Receivable, Allowance for Credit Losses, Other 1 0  
Financing Receivable, Allowance for Credit Loss, Ending Balance 9 $ 3 4
Wholesale and Dealer Loans | Non-consumer | Ford Credit      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Financing Receivable, Allowance for Credit Loss, Writeoff $ (1)   $ (7)
v3.25.1
Inventories (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Raw materials, work-in-process, and supplies $ 6,146 $ 5,394
Finished products 11,749 9,557
Total inventories $ 17,895 $ 14,951
v3.25.1
Other Liabilities and Deferred Revenue (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Accounts Payable and Accrued Liabilities, Current [Abstract]    
Dealer and dealers’ customer allowances and claims $ 14,159 $ 14,140
Deferred Revenue 3,623 3,331
Employee benefit plans 1,975 2,457
Accrued interest 1,339 1,346
OPEB (a) 336 335
Pension (a) 217 215
Operating lease liabilities 580 558
Other (b) 5,804 5,400
Total current other liabilities and deferred revenue 28,033 27,782
Accounts Payable and Accrued Liabilities, Noncurrent [Abstract]    
Dealer and dealers’ customer allowances and claims 10,230 9,836
Deferred Revenue 4,888 4,910
Pension 4,287 4,470
OPEB 4,023 4,080
Operating lease liabilities 1,933 1,782
Employee benefit plans 775 806
Other (b) 2,747 2,948
Total non-current other liabilities and deferred revenue 28,883 28,832
Net pension assets 4,300 4,100
Derivative Liability, Current 700 1,000
Derivative Liability, Noncurrent $ 700 $ 900
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration] Total current other liabilities and deferred revenue  
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Total non-current other liabilities and deferred revenue  
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Total current other liabilities and deferred revenue  
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Total non-current other liabilities and deferred revenue  
v3.25.1
Retirement Benefits - Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)    
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(loss), net  
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(loss), net  
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(loss), net  
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Other Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(loss), net  
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement and Curtailment Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(loss), net  
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(loss), net  
Worldwide OPEB    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)    
Service cost $ 5 $ 6
Interest cost 55 57
Expected return on assets 0 0
Amortization of prior service costs/(credits) 2 2
Net remeasurement (gain)/loss 0 0
Defined Benefit Plan, Other Cost (Credit) 0 0
Settlements and curtailments 0 0
Net periodic benefit cost/(income) 62 65
UNITED STATES | Pension Plan    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)    
Service cost 52 73
Interest cost 393 400
Expected return on assets (456) (455)
Amortization of prior service costs/(credits) 22 23
Net remeasurement (gain)/loss 0 0
Defined Benefit Plan, Other Cost (Credit) 7 8
Settlements and curtailments 0 0
Net periodic benefit cost/(income) 18 49
Foreign Plan | Pension Plan    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)    
Service cost 48 63
Interest cost 224 235
Expected return on assets (278) (255)
Amortization of prior service costs/(credits) 6 6
Net remeasurement (gain)/loss (10) (11)
Defined Benefit Plan, Other Cost (Credit) 24 14
Settlements and curtailments 0 0
Net periodic benefit cost/(income) $ 14 $ 52
v3.25.1
Retirement Benefits Pension Plan Contributions (Details) - Pension Plan
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
Defined Benefit Plan Disclosure [Line Items]  
Payment for Pension and Other Postretirement Benefits $ 234
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year 800
Pension And Other Postretirement Expected Benefit Contributions Unfunded Plans 450
Pension and Other Postretirement Benefit Contributions Unfunded Plans $ 106
v3.25.1
Debt - Debt Outstanding (Details) - Operating Segments - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Ford Credit    
Debt Instrument [Line Items]    
Unamortized (discount)/premium, current $ 0 $ 2
Unamortized issuance costs, current (19) (18)
Adjustment Fair Value Hedging Instruments Unsecured Debt, Current (59) (125)
Long-term Debt, Current Maturities 50,154 53,193
Long-term debt 84,186 84,675
Unamortized (discount)/premium, noncurrent (20) (20)
Unamortized issuance costs, noncurrent (229) (217)
Fair value adjustments, noncurrent (589) (919)
Long-term Debt, Excluding Current Maturities 84,186 84,675
Debt, Long-term and Short-term, Combined Amount 134,340 137,868
Short-term Debt, Fair Value 16,400 16,200
Debt Carrying Value Fair Value 43,300 41,100
Adjustment Fair Value Hedging Instruments Unsecured Debt, Discontinued Hedging Relationships (374) (450)
Ford Credit | Unsecured Debt    
Debt Instrument [Line Items]    
Long-Term Debt and Lease Obligation, Current 14,029 12,871
Long-term debt 51,999 49,607
Ford Credit | Asset-Backed Securities    
Debt Instrument [Line Items]    
Long-Term Debt and Lease Obligation, Current 19,129 23,050
Long-term debt 33,025 36,224
Ford Credit | Notes Payable, Other Payables    
Debt Instrument [Line Items]    
Short-term 17,074 17,413
Company excluding Ford Credit    
Debt Instrument [Line Items]    
Convertible Debt, Current 2,300 0
Unamortized (discount)/premium, current (6) (11)
Unamortized issuance costs, current (7) (1)
Long-term Debt, Current Maturities 4,286 1,756
Long-term debt 16,644 18,898
Convertible Debt, Noncurrent 0 2,300
Unamortized (discount)/premium, noncurrent (107) (109)
Unamortized issuance costs, noncurrent (141) (152)
Long-term Debt, Excluding Current Maturities 16,644 18,898
Debt, Long-term and Short-term, Combined Amount 20,930 20,654
Short-term Debt, Fair Value 814 632
Finance Lease, Liability, Current 109 94
Finance Lease, Liability, Noncurrent 721 711
Company excluding Ford Credit | Corporate debt    
Debt Instrument [Line Items]    
Unsecured Debt, Current 176 176
Unsecured Long-term Debt, Noncurrent 14,759 14,759
Company excluding Ford Credit | Notes Payable, Other Payables    
Debt Instrument [Line Items]    
Other Loans Payable, Current 199 176
Other Loans Payable, Long-term, Noncurrent 1,161 1,160
Company excluding Ford Credit | Notes Payable, Other Payables | U.K. Export Finance Program    
Debt Instrument [Line Items]    
Other Loans Payable, Current 810 784
Other Loans Payable, Long-term, Noncurrent 972 940
Company excluding Ford Credit | Notes Payable, Other Payables    
Debt Instrument [Line Items]    
Short-term 814 632
Fair Value, Nonrecurring [Member] | Level 2 [Member] | Ford Credit    
Debt Instrument [Line Items]    
Fair Value 135,857 140,046
Fair Value, Nonrecurring [Member] | Level 2 [Member] | Company excluding Ford Credit    
Debt Instrument [Line Items]    
Fair Value $ 20,055 $ 20,178
v3.25.1
Debt - Convertible Debt (Details) - Convertible Debt - Zero Percent Convertible Senior Notes Due 2026 - Operating Segments - Company excluding Ford Credit - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Debt Instrument [Line Items]    
Amortization of Debt Issuance Costs $ 2,000 $ 2,000
Debt Conversion, Converted Instrument, Amount $ 1  
Debt Conversion, Converted Instrument, Shares Issued 72.4656  
Debt Instrument, Convertible, Conversion Price $ 13.80  
v3.25.1
Income Effect of Derivative Financial Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Derivative [Line Items]    
Derivative Instruments $ (129) $ 205
Gain/(Loss) Recognized in Income 155 (231)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign currency exchange contracts [Member]    
Derivative [Line Items]    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax 74 14
Gains/(losses) on derivative instruments (78) 288
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member]    
Derivative [Line Items]    
Derivative Instruments 11 (26)
Gains/(losses) on derivative instruments (4) (32)
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Cross-currency interest rate swap contracts [Member]    
Derivative [Line Items]    
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net (25) (29)
Fair value changes on hedging instruments 146 (64)
Fair value changes on hedged debt (136) 62
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest rate contracts [Member]    
Derivative [Line Items]    
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net (48) (96)
Fair value changes on hedging instruments 329 (243)
Fair value changes on hedged debt (324) 220
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member]    
Derivative [Line Items]    
Gain/(Loss) Recognized in Income 60 69
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | Nonoperating Income (Expense) [Member]    
Derivative [Line Items]    
Gain/(Loss) Recognized in Income (10) 92
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | Cost of Sales    
Derivative [Line Items]    
Gain/(Loss) Recognized in Income 70 (23)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]    
Derivative [Line Items]    
Gain/(Loss) Recognized in Income 11 (20)
Not Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member]    
Derivative [Line Items]    
Gain/(Loss) Recognized in Income 102 (166)
Not Designated as Hedging Instrument [Member] | Interest rate contracts [Member]    
Derivative [Line Items]    
Gain/(Loss) Recognized in Income $ (45) $ 48
v3.25.1
Balance Sheet Effect of Derivative Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Derivative [Line Items]    
Derivative, Notional Amount $ 149,013 $ 145,157
Derivative Liability, Current 700 1,000
Derivative Liability, Noncurrent 700 900
Held collateral 26 27
Posted collateral 119 127
Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | Cash Flow Hedging [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 18,346 20,027
Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member] | Fair Value Hedging [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 3,802 3,802
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 21,642 16,194
Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Cash Flow Hedging [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 982 959
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 20,604 20,799
Not Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 4,333 5,455
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 78,371 76,977
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 933 944
Fair Value, Recurring    
Derivative [Line Items]    
Derivative Asset, Current 655 869
Derivative Asset, Noncurrent 944 559
Derivative Asset 1,599 1,428
Derivative Liability, Current 949 1,311
Derivative Liability, Noncurrent 698 923
Derivative Liability 1,647 2,234
Fair Value, Recurring | Level 2 [Member]    
Derivative [Line Items]    
Fair Value of Assets 1,599 1,428
Fair Value of Liabilities 1,647 2,234
Counterparty Netting, Assets Not Offset 876 780
Counterparty Netting, Liabilities Not Offset 876 780
Fair Value, Recurring | Level 2 [Member] | Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | Cash Flow Hedging [Member]    
Derivative [Line Items]    
Fair Value of Assets 452 578
Fair Value of Liabilities 169 123
Fair Value, Recurring | Level 2 [Member] | Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member] | Fair Value Hedging [Member]    
Derivative [Line Items]    
Fair Value of Assets 87 9
Fair Value of Liabilities 75 139
Fair Value, Recurring | Level 2 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member]    
Derivative [Line Items]    
Fair Value of Assets 265 66
Fair Value of Liabilities 446 645
Fair Value, Recurring | Level 2 [Member] | Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Cash Flow Hedging [Member]    
Derivative [Line Items]    
Fair Value of Assets 13 22
Fair Value of Liabilities 20 13
Fair Value, Recurring | Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member]    
Derivative [Line Items]    
Fair Value of Assets 317 301
Fair Value of Liabilities 96 192
Fair Value, Recurring | Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member]    
Derivative [Line Items]    
Fair Value of Assets 125 133
Fair Value of Liabilities 72 246
Fair Value, Recurring | Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Fair Value of Assets 322 305
Fair Value of Liabilities 752 845
Fair Value, Recurring | Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]    
Derivative [Line Items]    
Fair Value of Assets 18 14
Fair Value of Liabilities $ 17 $ 31
v3.25.1
Employee Separation Actions and Exit and Disposal Activities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Restructuring Reserve    
Restructuring Incurred Cost Statement of Income or Comprehensive Income $ 71 $ 608
Restructuring and Related Cost, Expected Cost 500  
Operating Segments | Company excluding Ford Credit    
Restructuring Reserve    
Beginning balance 1,098 1,086
Changes in accruals (a) 47 594
Payments (178) (188)
Foreign currency translation and other 32 (26)
Ending balance 999 1,466
Pension Costs    
Restructuring Reserve    
Restructuring Charges $ 24 $ 14
v3.25.1
Acquisitions and Divestitures (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations $ 21,077 $ 23,190
Operating Segments | Company excluding Ford Credit | Disposal Group, Held-for-sale, Not Discontinued Operations    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Disposal Group, Including Discontinued Operation, Liabilities   33
Total assets of held-for-sale operations (a)   52
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents   $ 47
v3.25.1
Discontinued Operations and Disposal Groups (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations $ 21,077 $ 23,190
Operating Segments | Disposal Group, Held-for-sale, Not Discontinued Operations | Company excluding Ford Credit    
Schedule of Equity Method Investments [Line Items]    
Disposal Group, Including Discontinued Operation, Liabilities   $ 33
v3.25.1
Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Derivative instruments [Abstract]      
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months $ 181    
Pension and other postretirement benefits      
Total AOCI ending balance at March 31 (9,158)   $ (9,639)
Parent Company [Member]      
Foreign currency transaction [Abstract]      
Beginning balance (6,899) $ (5,443)  
Gains/(Losses) on foreign currency translation 497 (118)  
Less: Tax/(Tax benefit) (a) (28) (4)  
Net gains/(losses) on foreign currency translation 525 (114)  
(Gains)/Losses reclassified from AOCI to income (4) 0  
Other comprehensive income/(loss), net of tax 521 (114)  
Ending balance (6,378) (5,557)  
Marketable securities [Abstract]      
Beginning balance (50) (170)  
Gains/(Losses) on available for sale securities 88 (15)  
Less: Tax/(Tax benefit) 19 (2)  
Net gains/(losses) on available for sale securities 69 (13)  
(Gains)/Losses reclassified from AOCI to net income (2) 6  
Less: Tax/(Tax benefit) 0 1  
Net (gains)/losses reclassified from AOCI to net income (b) (2) 5  
Other comprehensive income/(loss), net of tax 67 (8)  
Ending balance 17 (178)  
Derivative instruments [Abstract]      
Beginning balance 277 (331)  
Gains/(losses) on derivative instruments (82) 256  
Less: Tax/(tax benefit) (19) 60  
Net gains/(losses) on derivative instruments (63) 196  
(Gains)/Losses reclassified from AOCI to net income (85) 12  
Less: Tax/(tax benefit) (19) 3  
Net (gains)/losses reclassified to AOCI from net income (66) 9  
Other comprehensive income/(loss), net of tax (129) 205  
Ending balance 148 (126)  
Pension and other postretirement benefits      
Beginning balance (2,967) (3,098)  
Amortization of prior service costs/(credits) 30 31  
Less: Tax/(Tax benefit) 7 8  
Net prior service costs/(credits) reclassified from AOCI to net income 23 23  
Translation impact on non-U.S. plans (1) 4  
Other comprehensive income/(loss), net of tax 22 27  
Ending balance (2,945) (3,071)  
Total AOCI ending balance at March 31 $ (9,158) $ (8,932)  
v3.25.1
Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Jul. 13, 2022
Variable Interest Entity [Line Items]        
Proceeds from Equity Method Investment, Distribution, Return of Capital $ 1,700 $ 0    
BlueOval SK, LLC        
Variable Interest Entity [Line Items]        
Equity Method Investment, Ownership Percentage 50.00%      
Equity Method Investment, Committed Capital, Expected Timing of Satisfaction, Period 1 year 9 months      
Proceeds from Equity Method Investment, Distribution, Return of Capital $ 1,700      
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 2,400      
Total Proceeds from Equity Method Investment, Distribution, Return of Capital 3,100      
BlueOval SK, LLC | U.S. Department Of Energy (DoE)        
Variable Interest Entity [Line Items]        
Line of Credit Facility Entered Into By Equity Method Investee     $ 9,600  
BlueOval SK, LLC | Maximum        
Variable Interest Entity [Line Items]        
Committed Capital       $ 6,600
Variable Interest Entity, Not Primary Beneficiary        
Variable Interest Entity [Line Items]        
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 7,600   9,300  
Maximum potential payments $ 4,900   $ 4,900  
v3.25.1
Commitments and Contingencies (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Warranty [Abstract]      
Beginning balance $ 14,032 $ 11,504  
Payments made during the period (1,457) (1,391)  
Changes in accrual related to warranties issued during the period 1,689 1,091  
Changes in accrual related to pre-existing warranties 356 397  
Foreign currency translation and other 29 (61)  
Ending balance 14,649 $ 11,540  
Litigation and Claims      
Guarantor Obligations [Line Items]      
Loss contingency estimate 500    
Field Service Actions and Customer Satisfaction Actions      
Guarantor Obligations [Line Items]      
Loss contingency estimate 1,700    
Financial Guarantee [Member]      
Guarantor Obligations [Line Items]      
Maximum potential payments 5,400   $ 5,300
Carrying value of recorded liabilities related to guarantees and limited indemnities $ 134   $ 144
v3.25.1
Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Information      
External Revenues $ 40,659 $ 42,777  
Intersegment Revenues 0 0  
Total Revenues 40,659 42,777  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 621 1,612  
Depreciation, Depletion and Amortization 1,848 1,881  
Investment-related interest income 351 410  
Income (Loss) from Equity Method Investments 94 167  
Payments to Acquire Productive Assets 1,818 2,094  
Assets 284,539 274,341 $ 285,196
Ford Credit      
Segment Information      
External Revenues 3,237 2,887  
Operating Segments      
Segment Information      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1,136 2,906  
Operating Segments | Ford Blue      
Segment Information      
External Revenues 20,997 21,754  
Intersegment Revenues 10,605 11,741  
Total Revenues 31,602 33,495  
Segment Reporting, Other Segment Item, Amount 31,506 32,594  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 96 901  
Depreciation, Depletion and Amortization 729 725  
Investment-related interest income 48 36  
Income (Loss) from Equity Method Investments 62 61  
Payments to Acquire Productive Assets 987 1,049  
Assets 62,772 61,416  
PaymentsTo Acquire Productive Assets, Spending Attributable To Electric Vehicles 163 223  
Operating Segments | Ford Model e      
Segment Information      
External Revenues 1,242 116  
Intersegment Revenues 116 21  
Total Revenues 1,358 137  
Segment Reporting, Other Segment Item, Amount 2,207 1,464  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (849) (1,327)  
Depreciation, Depletion and Amortization 138 143  
Investment-related interest income 1 1  
Income (Loss) from Equity Method Investments (20) (19)  
Payments to Acquire Productive Assets 761 975  
Assets 16,181 15,032  
Operating Segments | Ford Pro      
Segment Information      
External Revenues 15,181 18,019  
Intersegment Revenues 0 0  
Total Revenues 15,181 18,019  
Segment Reporting, Other Segment Item, Amount 13,872 15,013  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1,309 3,006  
Depreciation, Depletion and Amortization 348 360  
Investment-related interest income 15 11  
Income (Loss) from Equity Method Investments 40 117  
Payments to Acquire Productive Assets 7 9  
Assets 3,664 3,659  
Operating Segments | Ford Credit      
Segment Information      
External Revenues 3,237 2,887  
Intersegment Revenues 0 0  
Total Revenues 3,237 2,887  
Segment Reporting, Other Segment Item, Amount 2,657 2,561  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 580 326  
Depreciation, Depletion and Amortization 618 622  
Investment-related interest income 91 145  
Income (Loss) from Equity Method Investments 10 8  
Payments to Acquire Productive Assets 28 21  
Interest Expense, Operating and Nonoperating 1,790 1,848  
Assets 154,183 148,896  
Operating Segments | Ford Model e and Ford Blue      
Segment Information      
PaymentsTo Acquire Productive Assets, Spending Attributable To Electric Vehicles 924 1,198  
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]      
Segment Information      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (117) (143)  
Intersegment Eliminations      
Segment Information      
External Revenues 2 1  
Intersegment Revenues (10,721) (11,762)  
Total Revenues (10,719) (11,761)  
Depreciation, Depletion and Amortization 15 31  
Investment-related interest income 196 217  
Income (Loss) from Equity Method Investments 2 0  
Payments to Acquire Productive Assets 35 40  
Assets 47,739 45,338  
Interest on Debt [Domain] | Adjustments      
Segment Information      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (288) (278)  
Special Items [Member] | Adjustments      
Segment Information      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ (110) $ (873)