FORD MOTOR CO, 10-Q filed on 7/31/2025
Quarterly Report
v3.25.2
DOCUMENT AND ENTITY INFORMATION Document - shares
 6 Months Ended
Jun. 30, 2025
Jul. 28, 2025
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 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 Q2  
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 $.01 per share  
Trading Symbol F  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Entity Central Index Key 0000037996  
Current Fiscal Year End Date --12-31  
Entity Small Business false  
Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   3,909,008,221
Class B Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   70,852,076
FPRB    
Document Information [Line Items]    
Title of 12(b) Security 6.200% Notes due June 1, 2059  
Trading Symbol FPRB  
Security Exchange Name NYSE  
FPRC    
Document Information [Line Items]    
Title of 12(b) Security 6.000% Notes due December 1, 2059  
Trading Symbol FPRC  
Security Exchange Name NYSE  
FPRD    
Document Information [Line Items]    
Title of 12(b) Security 6.500% Notes due August 15, 2062  
Trading Symbol FPRD  
Security Exchange Name NYSE  
v3.25.2
CONSOLIDATED INCOME STATEMENT - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 50,184 $ 47,808 $ 90,843 $ 90,585
Costs and expenses        
Cost of sales 44,245 40,489 79,433 76,965
Selling, administrative, and other expenses 2,706 2,678 5,137 5,054
Total costs and expenses 49,673 45,925 90,013 87,477
Operating income/(loss) 511 1,883 830 3,108
Interest expense on Company debt excluding Ford Credit 297 270 585 548
Other income/(loss), net 577 628 1,073 1,126
Equity in net income/(loss) of affiliated companies (250) 197 (156) 364
Income/(Loss) before income taxes 541 2,438 1,162 4,050
Provision for/(Benefit from) income taxes 570 605 718 883
Net income/(loss) (29) 1,833 444 3,167
Less: Income/(Loss) attributable to noncontrolling interests 7 2 9 4
Net income/(loss) attributable to Ford Motor Company $ (36) $ 1,831 $ 435 $ 3,163
Basic income        
Basic income (in dollars per share) $ (0.01) $ 0.46 $ 0.11 $ 0.79
Diluted income        
Diluted income (in dollars per share) $ (0.01) $ 0.46 $ 0.11 $ 0.79
Weighted Average Number of Shares Outstanding, Basic 3,980 3,985 3,974 3,982
Weighted Average Number of Shares Outstanding, Diluted 3,980 4,022 4,018 4,022
Ford Credit        
Revenues        
Total revenues $ 3,241 $ 2,997 $ 6,478 $ 5,884
Costs and expenses        
Ford Credit interest, operating, and other expenses 2,722 2,758 5,443 5,458
Company excluding Ford Credit        
Revenues        
Total revenues $ 46,943 $ 44,811 $ 84,365 $ 84,701
v3.25.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income/(loss) $ (29) $ 1,833 $ 444 $ 3,167
Foreign currency translation 1,272 (521) 1,793 (635)
Marketable Securities 36 28 103 20
Derivative Instruments (410) 43 (539) 248
Pension and other postretirement benefits 17 24 39 51
Total other comprehensive income/(loss), net of tax 915 (426) 1,396 (316)
Comprehensive income/(loss) 886 1,407 1,840 2,851
Less: Comprehensive income/(loss) attributable to noncontrolling interests 6 1 8 3
Comprehensive income attributable to Ford Motor Company $ 880 $ 1,406 $ 1,832 $ 2,848
v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 23,020 $ 22,935
Marketable securities 14,484 15,413
Financing Receivable, after Allowance for Credit Loss, Current 47,593 51,850
Accounts Receivable, after Allowance for Credit Loss, Current 19,709 14,723
Inventories 17,270 14,951
Other assets, current 4,536 4,602
Total current assets 126,612 124,474
Noncurrent Assets    
Financing Receivable, after Allowance for Credit Loss, Noncurrent 59,867 59,786
Net Investment in Operating Leases, Noncurrent 25,336 22,947
Net property 43,877 41,928
Equity in net assets of affiliated companies 5,038 6,821
Deferred Income Tax Assets, Net 17,320 16,375
Other assets, non-current 14,675 12,865
Total assets 292,725 285,196
Current Liabilities    
Payables 27,756 24,128
Other liabilities and deferred revenue (Note 10 and Note 18) 30,360 27,782
Total current liabilities 114,988 106,859
Noncurrent Liabilities    
Other liabilities and deferred revenue (Note 10 and Note 18) 30,242 28,832
Deferred Tax Liabilities, Other 1,559 1,074
Total liabilities 247,644 240,338
EQUITY    
Capital in excess of par value of stock 23,715 23,502
Retained earnings 32,352 33,740
Accumulated Other Comprehensive Income (Loss), Net of Tax (8,242) (9,639)
Treasury stock (2,810) (2,810)
Total equity attributable to Ford Motor Company 45,057 44,835
Equity attributable to noncontrolling interests 24 23
Total equity 45,081 44,858
Total liabilities and equity 292,725 285,196
Variable Interest Entity, Primary Beneficiary    
Current Assets    
Cash and cash equivalents 2,364 2,494
Common Stock    
EQUITY    
Common and Class B Stock 41 41
Class B Stock    
EQUITY    
Common and Class B Stock 1 1
Ford Credit    
Current Assets    
Financing Receivable, after Allowance for Credit Loss, Current 47,593 51,850
Noncurrent Assets    
Financing Receivable, after Allowance for Credit Loss, Noncurrent 59,867 59,786
Operating Segments | Company excluding Ford Credit    
Current Assets    
Cash and cash equivalents 14,551 13,663
Current Liabilities    
Debt payable within one year 3,591 1,756
Noncurrent Liabilities    
Long-term debt 16,742 18,898
Operating Segments | Ford Credit    
Current Assets    
Cash and cash equivalents 8,469 9,272
Noncurrent Assets    
Total assets 157,804  
Current Liabilities    
Debt payable within one year 53,281 53,193
Noncurrent Liabilities    
Long-term debt $ 84,113 $ 84,675
v3.25.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents $ 23,020 $ 22,935
Financing Receivable, Allowance for Credit Loss, Current 258 247
Accounts Receivable, Allowance for Credit Loss, Current 98 84
Financing Receivable, Allowance for Credit Loss, Noncurrent $ 632 617
Common Stock    
Common Stock, Par or Stated Value Per Share $ 0.01  
Common Stock, Shares, Issued 4,129  
Common Stock, Shares Authorized 6,000  
Class B Stock    
Common Stock, Par or Stated Value Per Share $ 0.01  
Common Stock, Shares, Issued 71  
Common Stock, Shares Authorized 530  
Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents $ 2,364 2,494
Total finance receivables, net 55,627 60,717
Net Investment in Operating Lease 12,436 13,309
Other assets 15 34
Other liabilities and deferred revenue 105 100
Debt $ 47,620 $ 50,855
v3.25.2
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]    
Net income/(loss) $ 444 $ 3,167
Depreciation and tooling amortization 3,747 3,795
Other amortization (929) (772)
Provision for/(Benefit from) credit losses and insurance losses 323 317
Pension and other postretirement employee benefits (“OPEB”) expense/(income) (Note 11) 187 201
Equity method investment (earnings)/losses and impairments in excess of dividends received 261 (124)
Foreign currency adjustments 62 173
Net realized and unrealized (gains)/losses on cash equivalents, marketable securities, and other investments (43) 8
Stock compensation 275 275
Provision for/(Benefit from) deferred income taxes 212 206
Decrease/(Increase) in finance receivables (wholesale and other) 2,927 (1,865)
Decrease/(Increase) in accounts receivable and other assets (3,500) (1,603)
Decrease/(Increase) in inventory (1,476) (1,845)
Increase/(Decrease) in accounts payable and accrued and other liabilities 7,293 5,269
Other 213 (309)
Net cash provided by/(used in) operating activities 9,996 6,893
Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract]    
Capital spending (3,906) (4,194)
Acquisitions of finance receivables and operating leases (24,438) (29,542)
Collections of finance receivables and operating leases 22,542 22,530
Purchases of marketable securities and other investments (4,440) (6,069)
Sales and maturities of marketable securities and other investments 5,593 6,812
Settlements of derivatives (104) (237)
Capital Contributions to Equity Method Investments (138) (1,299)
Returns of Capital from Equity Method Investments 1,700 16
Other 180 62
Net cash provided by/(used in) investing activities (3,011) (11,921)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract]    
Cash payments for dividends and dividend equivalents (1,793) (1,925)
Purchases of common stock 0 (244)
Net changes in short-term debt (1,110) (1,008)
Proceeds from issuance of long-term debt 20,469 28,960
Payments of long-term debt (24,828) (25,145)
Other (146) (254)
Net cash provided by/(used in) financing activities (7,408) 384
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 483 (240)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 60 (4,884)
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) $ 23,250 $ 20,226
v3.25.2
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) [1] 0 [1] 0 [1] 0 [1] $ (3) [1] $ 0 [1]
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 [2] $ 0                      
Dividends and dividend equivalents declared (1,342) [2]         0 0 [2] (1,342) [2] 0 [2] 0 [2] (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    
Beginning balance at Dec. 31, 2023 42,798                      
Increase (Decrease) in Stockholders' Equity                        
Net income/(loss) 3,167                      
Other comprehensive income/(loss), net (316)                      
Ending balance at Jun. 30, 2024 43,595                      
Increase (Decrease) in Stockholders' Equity                        
Less: Income/(Loss) attributable to noncontrolling interests 4                      
Total equity attributable to Ford Motor Company 42,870         42 23,125 31,019 (8,932) (2,384)    
Equity attributable to noncontrolling interests 27                      
Beginning balance at Mar. 31, 2024 42,897                      
Increase (Decrease) in Stockholders' Equity                        
Net income/(loss) 1,833                      
Other comprehensive income/(loss), net (426)                      
Common Stock issued (a) 145         0 145 0 0 0 145 0
Treasury stock/other  $ (244)         0 0 0 0 (244) (244) 0
Per share dividend of Common and Class B Stock $ 0.15                      
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders $ 0                      
Dividends and dividend equivalents declared (610)         0 0 (610) 0 0 (610)  
Ending balance at Jun. 30, 2024 43,595                      
Increase (Decrease) in Stockholders' Equity                        
Less: Income/(Loss) attributable to noncontrolling interests 2                      
Net Income (Loss) Attributable to Parent 1,831         0 0 1,831 0 0    
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest (1)                      
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (425)         0 0 0 (425) 0    
Total equity attributable to Ford Motor Company 43,567         42 23,270 32,240 (9,357) (2,628)    
Equity attributable to noncontrolling interests 28                      
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    
Beginning balance at Dec. 31, 2024 44,858                      
Increase (Decrease) in Stockholders' Equity                        
Net income/(loss) 444                      
Other comprehensive income/(loss), net 1,396                      
Ending balance at Jun. 30, 2025 45,081                      
Increase (Decrease) in Stockholders' Equity                        
Less: Income/(Loss) attributable to noncontrolling interests 9                      
Total equity attributable to Ford Motor Company 44,635         42 23,562 32,999 (9,158) (2,810)    
Equity attributable to noncontrolling interests 25                      
Beginning balance at Mar. 31, 2025 44,660                      
Increase (Decrease) in Stockholders' Equity                        
Net income/(loss) (29)                      
Other comprehensive income/(loss), net 915                      
Common Stock issued (a) 153         0 153 0 0 0 153 0
Treasury stock/other  $ 0         0 0 0 0 0 0 $ 0
Per share dividend of Common and Class B Stock $ 0.15                      
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders $ (7)                      
Dividends and dividend equivalents declared (618)         0 0 (611) 0 0 $ (611)  
Ending balance at Jun. 30, 2025 45,081                      
Increase (Decrease) in Stockholders' Equity                        
Less: Income/(Loss) attributable to noncontrolling interests 7                      
Net Income (Loss) Attributable to Parent (36)         0 0 (36) 0 0    
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest (1)                      
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent 916         0 0 0 916 0    
Total equity attributable to Ford Motor Company 45,057         $ 42 $ 23,715 $ 32,352 $ (8,242) $ (2,810)    
Equity attributable to noncontrolling interests $ 24                      
[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.
v3.25.2
Presentation
 6 Months Ended
Jun. 30, 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”).
v3.25.2
New Accounting Standards (Notes)
 6 Months Ended
Jun. 30, 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 will be reflected therein, primarily related to the effective tax rate reconciliation and cash paid for income taxes. There will be no impact to our consolidated income statements, balance sheets, or statements of cash flows.

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 income statements, balance sheets, or statements of cash flows.

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.
v3.25.2
Revenue (Notes)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following tables disaggregate our revenue by major source for the periods ended June 30 (in millions):
Second Quarter 2024
Company excluding Ford CreditFord CreditConsolidated
Vehicles, parts, and accessories$43,542 $— $43,542 
Used vehicles489 — 489 
Services and other revenue (a)726 42 768 
Revenues from sales and services
44,757 42 44,799 
Leasing income54 1,030 1,084 
Financing income— 1,889 1,889 
Insurance income— 36 36 
Total revenues$44,811 $2,997 $47,808 
Second Quarter 2025
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$45,202 $— $45,202 
Used vehicles780 — 780 
Services and other revenue (a)884 19 903 
Revenues from sales and services
46,866 19 46,885 
Leasing income77 1,176 1,253 
Financing income— 2,008 2,008 
Insurance income— 38 38 
Total revenues$46,943 $3,241 $50,184 
First Half 2024
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$82,187 $— $82,187 
Used vehicles999 — 999 
Services and other revenue (a)1,414 62 1,476 
Revenues from sales and services
84,600 62 84,662 
Leasing income101 2,047 2,148 
Financing income— 3,708 3,708 
Insurance income— 67 67 
Total revenues$84,701 $5,884 $90,585 
First Half 2025
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$81,069 $— $81,069 
Used vehicles1,465 — 1,465 
Services and other revenue (a)1,687 37 1,724 
Revenues from sales and services
84,221 37 84,258 
Leasing income144 2,307 2,451 
Financing income— 4,054 4,054 
Insurance income— 80 80 
Total revenues$84,365 $6,478 $90,843 
__________
(a)Includes extended service contract revenue.
NOTE 3. REVENUE (Continued)

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 $256 million in the second quarter of 2024 and an increase in revenue of $90 million in the second quarter of 2025 related to revenue recognized in prior periods.

We had a balance of $5.3 billion and $5.8 billion of unearned revenue associated primarily with outstanding extended service contracts reported in Other liabilities and deferred revenue at December 31, 2024 and June 30, 2025, respectively. We expect to recognize approximately $1.0 billion of the unearned amount in the remainder of 2025, $1.6 billion in 2026, and $3.2 billion thereafter. We recognized $427 million and $516 million of unearned amounts from prior years as revenue during the second quarter of 2024 and 2025, respectively, and $858 million and $1.0 billion in the first half of 2024 and 2025, respectively.

Amounts paid to dealers to obtain extended service contracts are deferred and recorded as Other assets. Our deferred cost balances were $312 million and $317 million as of December 31, 2024 and June 30, 2025, respectively. We recognized $27 million and $22 million of amortization during the second quarter of 2024 and 2025, respectively, and $53 million and $52 million in the first half of 2024 and 2025, respectively.
v3.25.2
Other Income/(Loss) (Notes)
 6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
OTHER INCOME/(LOSS) OTHER INCOME/(LOSS)
The amounts included in Other income/(loss), net for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
 2024202520242025
Net periodic pension and OPEB income/(cost), excluding service cost (Note 11)
$105 $14 $81 $25 
Investment-related interest income367 368 777 719 
Interest income/(expense) on income taxes
(9)1 (23)(16)
Realized and unrealized gains/(losses) on cash equivalents, marketable securities, and other investments21 11 (8)43 
Gains/(Losses) on changes in investments in affiliates17 1 24 8 
Royalty income113 107 237 214 
Other14 75 38 80 
Total$628 $577 $1,126 $1,073 
v3.25.2
Income Taxes (Notes)
 6 Months Ended
Jun. 30, 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.

Our effective tax rate for the second quarter and first half of 2025 was 105.4% and 61.8%, respectively. These rates were impacted by a non-cash charge to deferred tax assets in the second quarter of $471 million associated with resolving transfer pricing matters in certain non-U.S. operations.

On July 4, 2025, P.L. 119-21 (otherwise known as the “One Big Beautiful Bill Act”) was signed into law. We are analyzing the provisions within the act; however, we do not expect a material impact on our 2025 consolidated financial statements.

During the third quarter of 2025, we expect to recognize a non-cash charge to deferred tax assets of about $400 million to recognize the impact of tax legislation enacted in Germany on July 18, 2025.
v3.25.2
Capital Stock and Earnings Per Share (Notes)
 6 Months Ended
Jun. 30, 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):
Second QuarterFirst Half
 2024202520242025
Net income/(loss) attributable to Ford Motor Company$1,831 $(36)$3,163 $435 
Basic and Diluted Shares   
Basic shares (average shares outstanding)3,985 3,980 3,982 3,974 
Net dilutive options, unvested restricted stock units, unvested restricted stock shares, and convertible debt37 — 40 44 
Diluted shares4,022 3,980 4,022 4,018 
v3.25.2
Cash, Cash Equivalents, and Marketable Securities (Notes)
 6 Months Ended
Jun. 30, 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 $— $47 
June 30, 2025
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$— $466 $466 
U.S. government agencies22,297 400 2,697 
Non-U.S. government and agencies22,545 443 2,988 
Corporate debt2785 450 1,235 
Total marketable securities classified as cash equivalents
5,627 1,759 7,386 
Cash, time deposits, and money market funds8,924 6,710 15,634 
Total cash and cash equivalents$14,551 $8,469 $23,020 
Marketable securities
U.S. government1$3,446 $231 $3,677 
U.S. government agencies21,427 — 1,427 
Non-U.S. government and agencies22,378 86 2,464 
Corporate debt25,984 255 6,239 
Equities126 — 26 
Other marketable securities2469 182 651 
Total marketable securities$13,730 $754 $14,484 
Restricted cash$131 $99 $230 
Cash, cash equivalents, and restricted cash - held for sale$— $— $— 
        
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 
 
June 30, 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$3,137 $17 $(6)$3,148 $436 $2,641 $71 
U.S. government agencies1,997 10 (16)1,991 696 1,261 34 
Non-U.S. government and agencies1,702 4 (18)1,688 429 1,206 53 
Corporate debt6,676 64 (3)6,737 2,100 4,528 109 
Other marketable securities439 3 — 442 72 366 4 
Total
$13,951 $98 $(43)$14,006 $3,733 $10,002 $271 

Sales proceeds and gross realized gains/losses from the sale of AFS securities for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
2024202520242025
Company excluding Ford Credit
Sales proceeds$2,715 $992 $6,434 $3,441 
Gross realized gains3 4 5 9 
Gross realized losses8 1 16 4 

We determine credit losses on AFS debt securities using the specific identification method. During the first half 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		June 30,
2025
Cash and cash equivalents$22,935 $23,020 
Restricted cash (a)208 230 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
47 — 
Total cash, cash equivalents, and restricted cash$23,190 $23,250 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.
v3.25.2
Ford Credit Finance Receivables and Allowance for Credit Losses (Notes)
 6 Months Ended
Jun. 30, 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		June 30,
2025
Consumer  
Retail installment contracts, gross$79,459 $78,542 
Finance leases, gross8,357 9,391 
Retail financing, gross87,816 87,933 
Unearned interest supplements(4,598)(4,330)
Consumer finance receivables83,218 83,603 
Non-Consumer 
Dealer financing29,282 24,747 
Non-Consumer finance receivables29,282 24,747 
Total recorded investment$112,500 $108,350 
Recorded investment in finance receivables$112,500 $108,350 
Allowance for credit losses(864)(890)
Total finance receivables, net$111,636 $107,460 
Current portion$51,850 $47,593 
Non-current portion59,786 59,867 
Total finance receivables, net$111,636 $107,460 
Net finance receivables subject to fair value (a)$103,755 $98,614 
Fair value (b)103,231 98,947 
__________
(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 second quarter of 2024 and 2025 was $122 million and $148 million, respectively, and for the first half of 2024 and 2025 was $239 million and $285 million, respectively, and is included in Ford Credit revenues on our consolidated income statements.

At December 31, 2024 and June 30, 2025, accrued interest was $335 million and $291 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 June 30, 2025 were consumer receivables of $47.6 billion and $43.0 billion, respectively, and non-consumer receivables of $24.4 billion and $21.9 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 June 30, 2025 and gross charge-offs during the first half of 2025 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202120212022202320242025TotalPercent
Consumer
31 - 60 days past due$84 $79 $148 $219 $233 $45 $808 1.0%
Greater than 60 days past due30 31 53 76 78 23 291 0.3 
Total past due114 110 201 295 311 68 1,099 1.3 
Current2,268 3,687 9,187 19,846 32,089 15,427 82,504 98.7 
Total$2,382 $3,797 $9,388 $20,141 $32,400 $15,495 $83,603 100.0%
Gross charge-offs$31 $30 $64 $92 $92 $4 $313 

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 June 30, 2025 and gross charge-offs during the first half of 2025 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202120212022202320242025TotalTotalPercent
Group I$315 $78 $34 $196 $118 $130 $871 $20,047 $20,918 84.5%
Group II24 9 3 35 10 39 120 3,044 3,164 12.8 
Group III1 — — — 1 7 9 590 599 2.4 
Group IV— — — — — 1 1 65 66 0.3 
Total (a)$340 $87 $37 $231 $129 $177 $1,001 $23,746 $24,747 100.0%
Gross charge-offs$— $— $— $3 $— $— $3 $11 $14 
__________
(a)Total past due dealer financing receivables at June 30, 2025 were $4 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 June 30 was as follows (in millions):
Second Quarter 2024First Half 2024
 ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$877 $3 $880 $879 $3 $882 
Charge-offs(124)(7)(131)(253)(7)(260)
Recoveries42 — 42 81 3 84 
Provision for credit losses87 8 95 178 5 183 
Other (a)(6)— (6)(9)— (9)
Ending balance$876 $4 $880 $876 $4 $880 

Second Quarter 2025First Half 2025
 ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$872 $9 $881 $860 $4 $864 
Charge-offs(147)(13)(160)(313)(14)(327)
Recoveries45 — 45 85 — 85 
Provision for credit losses105 9 114 240 14 254 
Other (a)10 — 10 13 1 14 
Ending balance$885 $5 $890 $885 $5 $890 
__________
(a)    Primarily represents amounts related to foreign currency translation adjustments.
v3.25.2
Inventories (Notes)
 6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories were as follows (in millions):
 December 31,
2024		June 30,
2025
Raw materials, work-in-process, and supplies$5,394 $5,865 
Finished products9,557 11,405 
Total inventories$14,951 $17,270 

Our finished product inventory at June 30, 2025 was higher than at December 31, 2024, reflecting higher in-transit and in-plant inventory.
v3.25.2
Other Liabilities and Deferred Revenue (Notes)
 6 Months Ended
Jun. 30, 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		June 30,
2025
Current
Dealer and dealers’ customer allowances and claims$14,140 $15,250 
Deferred revenue3,331 4,526 
Employee benefit plans2,457 2,386 
Accrued interest1,346 1,399 
Operating lease liabilities558 584 
OPEB (a)335 339 
Pension (a)215 223 
Other (b)5,400 5,653 
Total current other liabilities and deferred revenue$27,782 $30,360 
Non-current 
Dealer and dealers’ customer allowances and claims$9,836 $11,221 
Deferred revenue4,910 5,090 
Pension (a)4,470 4,149 
OPEB (a)4,080 4,076 
Operating lease liabilities1,782 1,928 
Employee benefit plans806 764 
Other (b)2,948 3,014 
Total non-current other liabilities and deferred revenue$28,832 $30,242 
__________
(a)Balances at June 30, 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 $4.5 billion at December 31, 2024 and June 30, 2025, respectively.
(b)Includes current derivative liabilities of $1.0 billion and $0.7 billion at December 31, 2024 and June 30, 2025, respectively. Includes non-current derivative liabilities of $0.9 billion and $0.7 billion at December 31, 2024 and June 30, 2025, respectively (see Note 13).
v3.25.2
Retirement Benefits (Notes)
 6 Months Ended
Jun. 30, 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 June 30 were as follows (in millions):

Second Quarter
20242025
 Pension BenefitsOPEBPension BenefitsOPEB
 U.S. PlansNon-U.S. PlansWorldwide U.S. PlansNon-U.S. PlansWorldwide
Service cost$73 $61 $6 $52 $50 $5 
Interest cost401 233 56 393 238 55 
Expected return on assets(455)(252)— (457)(289)— 
Amortization of prior service costs/(credits)
24 6 3 22 6 2 
Net remeasurement (gain)/loss— (172)— — — — 
Separation costs/other1 53 — 5 11 — 
Settlements and curtailments
— (3)— — — — 
Net periodic benefit cost/(income)
$44 $(74)$65 $15 $16 $62 
First Half
20242025
Pension BenefitsOPEBPension BenefitsOPEB
U.S. PlansNon-U.S. PlansWorldwideU.S. PlansNon-U.S. PlansWorldwide
Service cost$146 $124 $12 $104 $98 $10 
Interest cost801 468 113 786 462 110 
Expected return on assets(910)(507)— (913)(567)— 
Amortization of prior service costs/(credits)
47 12 5 44 12 4 
Net remeasurement (gain)/loss— (183)— — (10)— 
Separation costs/other9 67 — 12 35 — 
Settlements and curtailments
— (3)— — — — 
Net periodic benefit cost/(income)
$93 $(22)$130 $33 $30 $124 

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 half of 2025, we contributed $515 million to our global funded pension plans and made $218 million of benefit payments to participants in unfunded plans.
v3.25.2
Debt (Notes)
 6 Months Ended
Jun. 30, 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		June 30,
2025
Company excluding Ford Credit  
Debt payable within one year
Short-term$632 $913 
Long-term debt payable within one year 
U.K. Export Finance Program784 — 
Public unsecured debt securities176 176 
Convertible notes (a)— 2,300 
Other debt (including finance leases) (b)176 208 
Unamortized (discount)/premium(11)(1)
Unamortized issuance costs(1)(5)
Total debt payable within one year1,756 3,591 
Long-term debt payable after one year 
Public unsecured debt securities14,759 14,759 
Convertible notes (a)2,300 — 
U.K. Export Finance Program (c)940 1,028 
Other debt (including finance leases) (b)1,160 1,199 
Unamortized (discount)/premium(109)(105)
Unamortized issuance costs(152)(139)
Total long-term debt payable after one year18,898 16,742 
Total Company excluding Ford Credit$20,654 $20,333 
Fair value of Company debt excluding Ford Credit (d)$20,178 $19,659 
Ford Credit 
Debt payable within one year
Short-term$17,413 $17,039 
Long-term payable within one year 
Unsecured debt12,871 14,362 
Asset-backed debt23,050 21,960 
Unamortized (discount)/premium2 — 
Unamortized issuance costs
(18)(21)
Fair value adjustments (e)(125)(59)
Total debt payable within one year53,193 53,281 
Long-term debt payable after one year
Unsecured debt49,607 52,005 
Asset-backed debt36,224 32,615 
Unamortized (discount)/premium(20)(21)
Unamortized issuance costs
(217)(214)
Fair value adjustments (e)(919)(272)
Total long-term debt payable after one year84,675 84,113 
Total Ford Credit$137,868 $137,394 
Fair value of Ford Credit debt (d)$140,046 $139,148 
__________
(a)As of June 30, 2025, each $1,000 principal amount of the notes will be convertible into 73.523 shares of our Common Stock, which is equivalent to a conversion price of approximately $13.60 per share. We recognized issuance cost amortization of $2 million during both the second quarter of 2024 and 2025 and $3 million during both the first half of 2024 and 2025.
(b)At December 31, 2024 and June 30, 2025, long-term finance leases payable within one year were $94 million and $119 million, respectively, and long-term finance leases payable after one year were $711 million and $751 million, respectively.
(c)On July 23, 2025, Ford of Britain entered into a £1 billion term loan credit facility. Although not included in the table above, on July 28, 2025, Ford of Britain drew the full £1 billion available under the facility.
(d)At December 31, 2024 and June 30, 2025, the fair value of debt includes $632 million and $913 million of Company excluding Ford Credit short-term debt, respectively, and $16.2 billion and $15.9 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.
(e)These adjustments are related to hedging activity and include discontinued hedging relationship adjustments of $(450) million and $(411) million at December 31, 2024 and June 30, 2025, respectively. The carrying value of hedged debt was $41.1 billion and $41.8 billion at December 31, 2024 and June 30, 2025, respectively.
v3.25.2
Derivative Financial Instruments and Hedging Activities (Notes)
 6 Months Ended
Jun. 30, 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 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 June 30 were as follows (in millions):
 Second QuarterFirst Half
Cash flow hedges
2024202520242025
Reclassified from AOCI to Cost of sales
Foreign currency exchange contracts (a)
$50 $21 $64 $95 
Commodity contracts (b)
(3)(1)(29)10 
Fair value hedges
Interest rate contracts
Net interest settlements and accruals on hedging instruments
(106)(44)(202)(92)
Fair value changes on hedging instruments(26)235 (269)564 
Fair value changes on hedged debt17 (219)237 (543)
Cross-currency interest rate swap contracts
Net interest settlements and accruals on hedging instruments
(35)(18)(64)(43)
Fair value changes on hedging instruments(47)358 (111)504 
Fair value changes on hedged debt40 (339)102 (475)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts (c)126 (69)195 (9)
Cross-currency interest rate swap contracts
(30)246 (196)348 
Interest rate contracts3 (18)51 (63)
Commodity contracts9 11 (11)22 
Total$(2)$163 $(233)$318 
__________
(a)For the second quarter and first half of 2024, a $49 million gain and a $337 million gain, respectively, were reported in Other comprehensive income/(loss), net of tax. For the second quarter and first half of 2025, a $527 million loss and a $605 million loss, respectively, were reported in Other comprehensive income/(loss), net of tax.
(b)For the second quarter and first half of 2024, a $54 million gain and a $22 million gain, respectively, were reported in Other comprehensive income/(loss), net of tax. For the second quarter and first half of 2025, a $12 million gain and an $8 million gain, respectively, were reported in Other comprehensive income/(loss), net of tax.
(c)For the second quarter and first half of 2024, an $81 million gain and a $58 million gain, respectively, were reported in Cost of sales, and a $45 million gain and a $137 million gain, respectively, were reported in Other income/(loss), net. For the second quarter and first half of 2025, a $56 million gain and a $126 million gain, respectively, were reported in Cost of sales, and a $125 million loss and a $135 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, 2024June 30, 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 $17,900 $75 $245 
Commodity contracts959 22 13 966 19 9 
Fair value hedges
Interest rate contracts16,194 66 645 19,563 457 309 
Cross-currency interest rate swap contracts
3,802 9 139 3,802 381 — 
Derivatives not designated as hedging instruments
Foreign currency exchange contracts20,799 301 192 26,220 291 315 
Cross-currency interest rate swap contracts
5,455 133 246 5,325 352 49 
Interest rate contracts76,977 305 845 84,941 330 804 
Commodity contracts944 14 31 882 19 20 
Total derivative financial instruments, gross (a) (b)
$145,157 $1,428 $2,234 $159,599 $1,924 $1,751 
Current portion
$869 $1,311 $544 $1,017 
Non-current portion
559 923 1,380 734 
Total derivative financial instruments, gross
$1,428 $2,234 $1,924 $1,751 
__________
(a)At December 31, 2024 and June 30, 2025, we held collateral of $27 million and $38 million, respectively, and we posted collateral of $127 million and $125 million, respectively.
(b)At December 31, 2024 and June 30, 2025, the fair value of assets and liabilities available for counterparty netting was $780 million and $1,067 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.
v3.25.2
Employee Separation Actions and Exit and Disposal Activities (Notes)
 6 Months Ended
Jun. 30, 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 generally 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, 2024, and 2025, we also had 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 June 30, which are recorded in Other liabilities and deferred revenue (in millions):
Second QuarterFirst Half
2024202520242025
Beginning balance$1,466 $999 $1,086 $1,098 
Changes in accruals (a)195 51 789 98 
Payments(315)(67)(503)(245)
Foreign currency translation and other(13)67 (39)99 
Ending balance$1,333 $1,050 $1,333 $1,050 
__________
(a)Excludes pension costs of $50 million and $11 million in the second quarter of 2024 and 2025, respectively, and $64 million and $35 million in the first half of 2024 and 2025, respectively.

We recorded costs of $853 million and $133 million in the first half 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.
v3.25.2
Acquisitions and Divestitures (Notes)
 6 Months Ended
Jun. 30, 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 $33 million of held-for-sale liabilities in Other assets and Other liabilities, respectively. We determined the assets held for sale were not impaired. On January 2, 2025, we completed the sale of Denmark. The consideration received approximated the carrying value of Denmark at the time of sale.
v3.25.2
Accumulated Other Comprehensive Income/(Loss) (Notes)
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
2024202520242025
Foreign currency translation
Beginning balance$(5,557)$(6,378)$(5,443)$(6,899)
Gains/(Losses) on foreign currency translation(496)1,229 (614)1,726 
Less: Tax/(Tax benefit) (a)23 (44)19 (72)
Net gains/(losses) on foreign currency translation (519)1,273 (633)1,798 
(Gains)/Losses reclassified from AOCI to net income (b)(1)— (1)(4)
Other comprehensive income/(loss), net of tax (c)(520)1,273 (634)1,794 
Ending balance$(6,077)$(5,105)$(6,077)$(5,105)
Marketable securities
Beginning balance$(178)$17 $(170)$(50)
Gains/(Losses) on available for sale securities30 51 15 139 
Less: Tax/(Tax benefit)5 13 3 32 
Net gains/(losses) on available for sale securities25 38 12 107 
(Gains)/Losses reclassified from AOCI to net income5 (3)11 (5)
Less: Tax/(Tax benefit)2 (1)3 (1)
Net (gains)/losses reclassified from AOCI to net income (b)3 (2)8 (4)
Other comprehensive income/(loss), net of tax28 36 20 103 
Ending balance$(150)$53 $(150)$53 
Derivative instruments
Beginning balance$(126)$148 $(331)$277 
Gains/(Losses) on derivative instruments103 (515)359 (597)
Less: Tax/(Tax benefit)24 (120)84 (139)
Net gains/(losses) on derivative instruments79 (395)275 (458)
(Gains)/Losses reclassified from AOCI to net income(47)(20)(35)(105)
Less: Tax/(Tax benefit)(11)(5)(8)(24)
Net (gains)/losses reclassified from AOCI to net income (d)(36)(15)(27)(81)
Other comprehensive income/(loss), net of tax43 (410)248 (539)
Ending balance$(83)$(262)$(83)$(262)
Pension and other postretirement benefits
Beginning balance$(3,071)$(2,945)$(3,098)$(2,967)
Amortization and recognition of prior service costs/(credits)
33 30 64 60 
Less: Tax/(Tax benefit)7 8 15 15 
Net prior service costs/(credits) reclassified from AOCI to net income
26 22 49 45 
Translation impact on non-U.S. plans
(2)(5)2 (6)
Other comprehensive income/(loss), net of tax24 17 51 39 
Ending balance$(3,047)$(2,928)$(3,047)$(2,928)
Total AOCI ending balance at June 30$(9,357)$(8,242)$(9,357)$(8,242)
__________
(a)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future. However, we have made elections to tax certain non-U.S. operations simultaneously in U.S. tax returns, and have recorded deferred taxes for temporary differences that will reverse, independent of repatriation plans, in U.S. tax returns. Taxes or tax benefits resulting from foreign currency translation of the temporary differences are recorded in Other comprehensive income/(loss), net of tax.
(b)Reclassified to Other income/(loss), net.
(c)Excludes a $1 million loss related to noncontrolling interests in both 2024 and 2025, respectively.
(d)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net losses on cash flow hedges of $136 million (see Note 13).
v3.25.2
Variable Interest Entities (Notes)
 6 Months Ended
Jun. 30, 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 June 30, 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 June 30, 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 June 30, 2025, Ford has recognized contributions (net of returns of capital) to BOSK of $2.6 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.
v3.25.2
Commitments and Contingencies (Notes)
 6 Months Ended
Jun. 30, 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 June 30, 2025, respectively. See Note 17 for additional information. The carrying value of recorded liabilities related to financial guarantees was $144 million and $109 million at December 31, 2024 and June 30, 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 probable amount of 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 June 30, 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 that are significant, or demands for field service actions, environmental remediation programs, sanctions, loss of government incentives, assessments, or other relief, which, if granted, would require significant 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 $0.6 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 June 30 was as follows (in millions):
First Half
 20242025
Beginning balance$11,504 $14,032 
Payments made during the period(2,862)(2,801)
Changes in accrual related to warranties issued during the period2,671 3,351 
Changes in accrual related to pre-existing warranties1,438 1,586 
Foreign currency translation and other(198)69 
Ending balance$12,553 $16,237 

Changes to our estimated costs are reported as changes in accrual related to pre-existing warranties in the table above, which includes a $571 million charge in the second quarter of 2025 for a field service action related to fuel injectors. 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.
v3.25.2
Segment Information (Notes)
 6 Months Ended
Jun. 30, 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, this segment 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 generally consider to be indicative of earnings from ongoing operating activities. Our management 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 analyzing 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. Company-owned 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, Company-owned 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 June 30 was as follows (in millions):
 Ford BlueFord
Model e		Ford ProFord CreditUnallocated Amounts and Eliminations (a)Total
Second Quarter 2024    
External revenues$26,670 $1,150 $16,988 $2,997 $3 $47,808 
Intersegment revenues (b)11,306 112 — — (11,418)— 
Total revenues$37,976 $1,262 $16,988 $2,997 $(11,415)$47,808 
Other segment items (c)36,809 2,412 14,426 2,654 
Segment EBIT/EBT$1,167 $(1,150)$2,562 $343 $2,922 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(165)
Interest on debt (excludes $1,897 of Ford Credit interest on debt)
(270)
Special items (d)(49)
Income/(Loss) before income taxes$2,438 
Other Segment Disclosures
Depreciation and tooling amortization$754 $152 $356 $623 $29 $1,914 
Investment-related interest income41 — 13 122 191 367 
Equity in net income/(loss) of affiliated companies95 (20)111 10 1 197 
Cash outflow for capital spending (e)1,051 973 8 22 46 2,100 
Total assets59,907 16,861 3,287 150,159 46,372 276,586 
Second Quarter 2025
External revenues$25,784 $2,357 $18,797 $3,241 $5 $50,184 
Intersegment revenues (b)13,527 192 — — (13,719)— 
Total revenues$39,311 $2,549 $18,797 $3,241 $(13,714)$50,184 
Other segment items (c)38,650 3,878 16,479 2,596 
Segment EBIT/EBT$661 $(1,329)$2,318 $645 $2,295 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(155)
Interest on debt (excludes $1,759 of Ford Credit interest on debt)
(297)
Special items (f)(1,302)
Income/(Loss) before income taxes$541 
Other Segment Disclosures
Depreciation and tooling amortization$764 $154 $349 $615 $17 $1,899 
Investment-related interest income50 1 15 91 211 368 
Equity in net income/(loss) of affiliated companies52 (17)96 13 (394)(250)
Cash outflow for capital spending (e)1,063 952 16 34 23 2,088 
Total assets64,141 16,304 4,566 157,804 49,910 292,725 
NOTE 19. SEGMENT INFORMATION (Continued)

Key financial information for the periods ended or at June 30 was as follows (in millions):
 Ford BlueFord
Model e		Ford ProFord CreditUnallocated Amounts and Eliminations (a)Total
First Half 2024    
External revenues$48,424 $1,266 $35,007 $5,884 $4 $90,585 
Intersegment revenues (b)23,047 133 — — (23,180)— 
Total revenues$71,471 $1,399 $35,007 $5,884 $(23,176)$90,585 
Other segment items (c)69,403 3,876 29,439 5,215 
Segment EBIT/EBT$2,068 $(2,477)$5,568 $669 $5,828 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(308)
Interest on debt (excludes $3,745 of Ford Credit interest on debt)
(548)
Special items (g)(922)
Income/(Loss) before income taxes$4,050 
Other Segment Disclosures
Depreciation and tooling amortization$1,479 $295 $716 $1,245 $60 $3,795 
Investment-related interest income77 1 24 267 408 777 
Equity in net income/(loss) of affiliated companies156 (39)228 18 1 364 
Cash outflow for capital spending (e)2,100 1,948 17 43 86 4,194 
First Half 2025
External revenues$46,781 $3,599 $33,978 $6,478 $7 $90,843 
Intersegment revenues (b)24,132 308 — — (24,440)— 
Total revenues$70,913 $3,907 $33,978 $6,478 $(24,433)$90,843 
Other segment items (c)70,156 6,085 30,351 5,253 
Segment EBIT/EBT$757 $(2,178)$3,627 $1,225 $3,431 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(272)
Interest on debt (excludes $3,549 of Ford Credit interest on debt)
(585)
Special items (f)(1,412)
Income/(Loss) before income taxes$1,162 
Other Segment Disclosures
Depreciation and tooling amortization$1,493 $292 $697 $1,233 $32 $3,747 
Investment-related interest income98 2 30 182 407 719 
Equity in net income/(loss) of affiliated companies114 (37)136 23 (392)(156)
Cash outflow for capital spending (e)2,050 1,713 23 62 58 3,906 
__________
(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 Ford Credit primarily consists of interest expense and depreciation.
(d)Primarily reflects restructuring actions in Europe (which triggered remeasurement of certain European pension plans) and updated assumptions for the duration of the Oakville Assembly Plant changeover, which is now shorter than originally planned.
(e)Ford Blue recognized $248 million and $195 million of spending attributable to electric vehicles at shared manufacturing plants during the second quarter of 2024 and 2025, respectively, and $471 million and $358 million in the first half of 2024 and 2025, respectively. Total electric vehicle spending, including Ford Blue and Ford Model e, was $1,221 million and $1,147 million during the second quarter of 2024 and 2025, respectively, and $2,419 million and $2,071 million in the first half of 2024 and 2025, respectively.
(f)Primarily reflects a field service action for fuel injectors, our share of equity method investment asset impairments and write downs and other expenses, and charges related to the cancellation of a previously planned all-electric three-row SUV program and resulting actions.
(g)Primarily reflects restructuring actions in Europe, buyouts for hourly employees in North America, and the extended duration of the Oakville Assembly Plant changeover.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Pay vs Performance Disclosure        
Net Income (Loss) Attributable to Parent $ (36) $ 471 $ 1,831 $ 1,332
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 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
v3.25.2
Presentation Presentation (Policies)
 6 Months Ended
Jun. 30, 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.
v3.25.2
Revenue (Policies)
 6 Months Ended
Jun. 30, 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.
v3.25.2
Income Taxes (Policies)
 6 Months Ended
Jun. 30, 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.
v3.25.2
Fair Value Measures and Disclosures (Policies)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Credit Loss, Financial Instrument We determine credit losses on AFS debt securities using the specific identification method.
v3.25.2
Ford Credit Finance Receivables and Allowance for Credit Losses (Policies)
 6 Months Ended
Jun. 30, 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.
v3.25.2
Retirement Benefits Pension and Other Postemployment Benefits (Policies)
 6 Months Ended
Jun. 30, 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.
v3.25.2
Derivative Financial Instruments and Hedging Activities Derivative Financial Instruments and Hedging Activities (Policies)
 6 Months Ended
Jun. 30, 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 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.
v3.25.2
Employee Separation Actions and Exit and Disposal Activities (Policies)
 6 Months Ended
Jun. 30, 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 generally 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.
v3.25.2
Commitments and Contingencies Commitments and Contingencies (Policies)
 6 Months Ended
Jun. 30, 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 that are significant, or demands for field service actions, environmental remediation programs, sanctions, loss of government incentives, assessments, or other relief, which, if granted, would require significant 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 probable amount of 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.
v3.25.2
Segment Information Segment Information (Policies)
 6 Months Ended
Jun. 30, 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, this segment 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 generally consider to be indicative of earnings from ongoing operating activities. Our management 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 analyzing 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. Company-owned 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, Company-owned 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”)
v3.25.2
Revenue (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation Of Revenue
The following tables disaggregate our revenue by major source for the periods ended June 30 (in millions):
Second Quarter 2024
Company excluding Ford CreditFord CreditConsolidated
Vehicles, parts, and accessories$43,542 $— $43,542 
Used vehicles489 — 489 
Services and other revenue (a)726 42 768 
Revenues from sales and services
44,757 42 44,799 
Leasing income54 1,030 1,084 
Financing income— 1,889 1,889 
Insurance income— 36 36 
Total revenues$44,811 $2,997 $47,808 
Second Quarter 2025
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$45,202 $— $45,202 
Used vehicles780 — 780 
Services and other revenue (a)884 19 903 
Revenues from sales and services
46,866 19 46,885 
Leasing income77 1,176 1,253 
Financing income— 2,008 2,008 
Insurance income— 38 38 
Total revenues$46,943 $3,241 $50,184 
First Half 2024
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$82,187 $— $82,187 
Used vehicles999 — 999 
Services and other revenue (a)1,414 62 1,476 
Revenues from sales and services
84,600 62 84,662 
Leasing income101 2,047 2,148 
Financing income— 3,708 3,708 
Insurance income— 67 67 
Total revenues$84,701 $5,884 $90,585 
First Half 2025
Company excluding
Ford Credit		Ford CreditConsolidated
Vehicles, parts, and accessories$81,069 $— $81,069 
Used vehicles1,465 — 1,465 
Services and other revenue (a)1,687 37 1,724 
Revenues from sales and services
84,221 37 84,258 
Leasing income144 2,307 2,451 
Financing income— 4,054 4,054 
Insurance income— 80 80 
Total revenues$84,365 $6,478 $90,843 
__________
(a)Includes extended service contract revenue.
v3.25.2
Other Income/(Loss) (Tables)
 6 Months Ended
Jun. 30, 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 June 30 were as follows (in millions):
Second QuarterFirst Half
 2024202520242025
Net periodic pension and OPEB income/(cost), excluding service cost (Note 11)
$105 $14 $81 $25 
Investment-related interest income367 368 777 719 
Interest income/(expense) on income taxes
(9)1 (23)(16)
Realized and unrealized gains/(losses) on cash equivalents, marketable securities, and other investments21 11 (8)43 
Gains/(Losses) on changes in investments in affiliates17 1 24 8 
Royalty income113 107 237 214 
Other14 75 38 80 
Total$628 $577 $1,126 $1,073 
v3.25.2
Capital Stock and Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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):
Second QuarterFirst Half
 2024202520242025
Net income/(loss) attributable to Ford Motor Company$1,831 $(36)$3,163 $435 
Basic and Diluted Shares   
Basic shares (average shares outstanding)3,985 3,980 3,982 3,974 
Net dilutive options, unvested restricted stock units, unvested restricted stock shares, and convertible debt37 — 40 44 
Diluted shares4,022 3,980 4,022 4,018 
v3.25.2
Cash, Cash Equivalents, and Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 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 $— $47 
June 30, 2025
Fair Value LevelCompany excluding Ford CreditFord CreditConsolidated
Cash and cash equivalents  
U.S. government1$— $466 $466 
U.S. government agencies22,297 400 2,697 
Non-U.S. government and agencies22,545 443 2,988 
Corporate debt2785 450 1,235 
Total marketable securities classified as cash equivalents
5,627 1,759 7,386 
Cash, time deposits, and money market funds8,924 6,710 15,634 
Total cash and cash equivalents$14,551 $8,469 $23,020 
Marketable securities
U.S. government1$3,446 $231 $3,677 
U.S. government agencies21,427 — 1,427 
Non-U.S. government and agencies22,378 86 2,464 
Corporate debt25,984 255 6,239 
Equities126 — 26 
Other marketable securities2469 182 651 
Total marketable securities$13,730 $754 $14,484 
Restricted cash$131 $99 $230 
Cash, cash equivalents, and restricted cash - held for sale$— $— $— 
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 
 
June 30, 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$3,137 $17 $(6)$3,148 $436 $2,641 $71 
U.S. government agencies1,997 10 (16)1,991 696 1,261 34 
Non-U.S. government and agencies1,702 4 (18)1,688 429 1,206 53 
Corporate debt6,676 64 (3)6,737 2,100 4,528 109 
Other marketable securities439 3 — 442 72 366 4 
Total
$13,951 $98 $(43)$14,006 $3,733 $10,002 $271 

Sales proceeds and gross realized gains/losses from the sale of AFS securities for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
2024202520242025
Company excluding Ford Credit
Sales proceeds$2,715 $992 $6,434 $3,441 
Gross realized gains3 4 5 9 
Gross realized losses8 1 16 4 
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		June 30,
2025
Cash and cash equivalents$22,935 $23,020 
Restricted cash (a)208 230 
Cash, cash equivalents, and restricted cash - held for sale (Note 15)
47 — 
Total cash, cash equivalents, and restricted cash$23,190 $23,250 
__________
(a)Included in Other assets in the non-current assets section of our consolidated balance sheets.
v3.25.2
Ford Credit Finance Receivables (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Ford Credit finance receivables, net were as follows (in millions):
 December 31,
2024		June 30,
2025
Consumer  
Retail installment contracts, gross$79,459 $78,542 
Finance leases, gross8,357 9,391 
Retail financing, gross87,816 87,933 
Unearned interest supplements(4,598)(4,330)
Consumer finance receivables83,218 83,603 
Non-Consumer 
Dealer financing29,282 24,747 
Non-Consumer finance receivables29,282 24,747 
Total recorded investment$112,500 $108,350 
Recorded investment in finance receivables$112,500 $108,350 
Allowance for credit losses(864)(890)
Total finance receivables, net$111,636 $107,460 
Current portion$51,850 $47,593 
Non-current portion59,786 59,867 
Total finance receivables, net$111,636 $107,460 
Net finance receivables subject to fair value (a)$103,755 $98,614 
Fair value (b)103,231 98,947 
__________
(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 June 30, 2025 and gross charge-offs during the first half of 2025 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202120212022202320242025TotalPercent
Consumer
31 - 60 days past due$84 $79 $148 $219 $233 $45 $808 1.0%
Greater than 60 days past due30 31 53 76 78 23 291 0.3 
Total past due114 110 201 295 311 68 1,099 1.3 
Current2,268 3,687 9,187 19,846 32,089 15,427 82,504 98.7 
Total$2,382 $3,797 $9,388 $20,141 $32,400 $15,495 $83,603 100.0%
Gross charge-offs$31 $30 $64 $92 $92 $4 $313 
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 June 30, 2025 and gross charge-offs during the first half of 2025 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202120212022202320242025TotalTotalPercent
Group I$315 $78 $34 $196 $118 $130 $871 $20,047 $20,918 84.5%
Group II24 9 3 35 10 39 120 3,044 3,164 12.8 
Group III1 — — — 1 7 9 590 599 2.4 
Group IV— — — — — 1 1 65 66 0.3 
Total (a)$340 $87 $37 $231 $129 $177 $1,001 $23,746 $24,747 100.0%
Gross charge-offs$— $— $— $3 $— $— $3 $11 $14 
__________
(a)Total past due dealer financing receivables at June 30, 2025 were $4 million.
Financing Receivable, Allowance for Credit Loss
An analysis of the allowance for credit losses related to finance receivables for the periods ended June 30 was as follows (in millions):
Second Quarter 2024First Half 2024
 ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$877 $3 $880 $879 $3 $882 
Charge-offs(124)(7)(131)(253)(7)(260)
Recoveries42 — 42 81 3 84 
Provision for credit losses87 8 95 178 5 183 
Other (a)(6)— (6)(9)— (9)
Ending balance$876 $4 $880 $876 $4 $880 

Second Quarter 2025First Half 2025
 ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$872 $9 $881 $860 $4 $864 
Charge-offs(147)(13)(160)(313)(14)(327)
Recoveries45 — 45 85 — 85 
Provision for credit losses105 9 114 240 14 254 
Other (a)10 — 10 13 1 14 
Ending balance$885 $5 $890 $885 $5 $890 
__________
(a)    Primarily represents amounts related to foreign currency translation adjustments.
v3.25.2
Inventories (Tables)
 6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory [Table Text Block]
Inventories were as follows (in millions):
 December 31,
2024		June 30,
2025
Raw materials, work-in-process, and supplies$5,394 $5,865 
Finished products9,557 11,405 
Total inventories$14,951 $17,270 

Our finished product inventory at June 30, 2025 was higher than at December 31, 2024, reflecting higher in-transit and in-plant inventory.
v3.25.2
Other Liabilities and Deferred Revenue (Tables)
 6 Months Ended
Jun. 30, 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		June 30,
2025
Current
Dealer and dealers’ customer allowances and claims$14,140 $15,250 
Deferred revenue3,331 4,526 
Employee benefit plans2,457 2,386 
Accrued interest1,346 1,399 
Operating lease liabilities558 584 
OPEB (a)335 339 
Pension (a)215 223 
Other (b)5,400 5,653 
Total current other liabilities and deferred revenue$27,782 $30,360 
Non-current 
Dealer and dealers’ customer allowances and claims$9,836 $11,221 
Deferred revenue4,910 5,090 
Pension (a)4,470 4,149 
OPEB (a)4,080 4,076 
Operating lease liabilities1,782 1,928 
Employee benefit plans806 764 
Other (b)2,948 3,014 
Total non-current other liabilities and deferred revenue$28,832 $30,242 
__________
(a)Balances at June 30, 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 $4.5 billion at December 31, 2024 and June 30, 2025, respectively.
(b)Includes current derivative liabilities of $1.0 billion and $0.7 billion at December 31, 2024 and June 30, 2025, respectively. Includes non-current derivative liabilities of $0.9 billion and $0.7 billion at December 31, 2024 and June 30, 2025, respectively (see Note 13).
v3.25.2
Retirement Benefits (Tables)
 6 Months Ended
Jun. 30, 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 June 30 were as follows (in millions):

Second Quarter
20242025
 Pension BenefitsOPEBPension BenefitsOPEB
 U.S. PlansNon-U.S. PlansWorldwide U.S. PlansNon-U.S. PlansWorldwide
Service cost$73 $61 $6 $52 $50 $5 
Interest cost401 233 56 393 238 55 
Expected return on assets(455)(252)— (457)(289)— 
Amortization of prior service costs/(credits)
24 6 3 22 6 2 
Net remeasurement (gain)/loss— (172)— — — — 
Separation costs/other1 53 — 5 11 — 
Settlements and curtailments
— (3)— — — — 
Net periodic benefit cost/(income)
$44 $(74)$65 $15 $16 $62 
First Half
20242025
Pension BenefitsOPEBPension BenefitsOPEB
U.S. PlansNon-U.S. PlansWorldwideU.S. PlansNon-U.S. PlansWorldwide
Service cost$146 $124 $12 $104 $98 $10 
Interest cost801 468 113 786 462 110 
Expected return on assets(910)(507)— (913)(567)— 
Amortization of prior service costs/(credits)
47 12 5 44 12 4 
Net remeasurement (gain)/loss— (183)— — (10)— 
Separation costs/other9 67 — 12 35 — 
Settlements and curtailments
— (3)— — — — 
Net periodic benefit cost/(income)
$93 $(22)$130 $33 $30 $124 
v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 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		June 30,
2025
Company excluding Ford Credit  
Debt payable within one year
Short-term$632 $913 
Long-term debt payable within one year 
U.K. Export Finance Program784 — 
Public unsecured debt securities176 176 
Convertible notes (a)— 2,300 
Other debt (including finance leases) (b)176 208 
Unamortized (discount)/premium(11)(1)
Unamortized issuance costs(1)(5)
Total debt payable within one year1,756 3,591 
Long-term debt payable after one year 
Public unsecured debt securities14,759 14,759 
Convertible notes (a)2,300 — 
U.K. Export Finance Program (c)940 1,028 
Other debt (including finance leases) (b)1,160 1,199 
Unamortized (discount)/premium(109)(105)
Unamortized issuance costs(152)(139)
Total long-term debt payable after one year18,898 16,742 
Total Company excluding Ford Credit$20,654 $20,333 
Fair value of Company debt excluding Ford Credit (d)$20,178 $19,659 
Ford Credit 
Debt payable within one year
Short-term$17,413 $17,039 
Long-term payable within one year 
Unsecured debt12,871 14,362 
Asset-backed debt23,050 21,960 
Unamortized (discount)/premium2 — 
Unamortized issuance costs
(18)(21)
Fair value adjustments (e)(125)(59)
Total debt payable within one year53,193 53,281 
Long-term debt payable after one year
Unsecured debt49,607 52,005 
Asset-backed debt36,224 32,615 
Unamortized (discount)/premium(20)(21)
Unamortized issuance costs
(217)(214)
Fair value adjustments (e)(919)(272)
Total long-term debt payable after one year84,675 84,113 
Total Ford Credit$137,868 $137,394 
Fair value of Ford Credit debt (d)$140,046 $139,148 
__________
(a)As of June 30, 2025, each $1,000 principal amount of the notes will be convertible into 73.523 shares of our Common Stock, which is equivalent to a conversion price of approximately $13.60 per share. We recognized issuance cost amortization of $2 million during both the second quarter of 2024 and 2025 and $3 million during both the first half of 2024 and 2025.
(b)At December 31, 2024 and June 30, 2025, long-term finance leases payable within one year were $94 million and $119 million, respectively, and long-term finance leases payable after one year were $711 million and $751 million, respectively.
(c)On July 23, 2025, Ford of Britain entered into a £1 billion term loan credit facility. Although not included in the table above, on July 28, 2025, Ford of Britain drew the full £1 billion available under the facility.
(d)At December 31, 2024 and June 30, 2025, the fair value of debt includes $632 million and $913 million of Company excluding Ford Credit short-term debt, respectively, and $16.2 billion and $15.9 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.
(e)These adjustments are related to hedging activity and include discontinued hedging relationship adjustments of $(450) million and $(411) million at December 31, 2024 and June 30, 2025, respectively. The carrying value of hedged debt was $41.1 billion and $41.8 billion at December 31, 2024 and June 30, 2025, respectively.
v3.25.2
Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 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 June 30 were as follows (in millions):
 Second QuarterFirst Half
Cash flow hedges
2024202520242025
Reclassified from AOCI to Cost of sales
Foreign currency exchange contracts (a)
$50 $21 $64 $95 
Commodity contracts (b)
(3)(1)(29)10 
Fair value hedges
Interest rate contracts
Net interest settlements and accruals on hedging instruments
(106)(44)(202)(92)
Fair value changes on hedging instruments(26)235 (269)564 
Fair value changes on hedged debt17 (219)237 (543)
Cross-currency interest rate swap contracts
Net interest settlements and accruals on hedging instruments
(35)(18)(64)(43)
Fair value changes on hedging instruments(47)358 (111)504 
Fair value changes on hedged debt40 (339)102 (475)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts (c)126 (69)195 (9)
Cross-currency interest rate swap contracts
(30)246 (196)348 
Interest rate contracts3 (18)51 (63)
Commodity contracts9 11 (11)22 
Total$(2)$163 $(233)$318 
__________
(a)For the second quarter and first half of 2024, a $49 million gain and a $337 million gain, respectively, were reported in Other comprehensive income/(loss), net of tax. For the second quarter and first half of 2025, a $527 million loss and a $605 million loss, respectively, were reported in Other comprehensive income/(loss), net of tax.
(b)For the second quarter and first half of 2024, a $54 million gain and a $22 million gain, respectively, were reported in Other comprehensive income/(loss), net of tax. For the second quarter and first half of 2025, a $12 million gain and an $8 million gain, respectively, were reported in Other comprehensive income/(loss), net of tax.
(c)For the second quarter and first half of 2024, an $81 million gain and a $58 million gain, respectively, were reported in Cost of sales, and a $45 million gain and a $137 million gain, respectively, were reported in Other income/(loss), net. For the second quarter and first half of 2025, a $56 million gain and a $126 million gain, respectively, were reported in Cost of sales, and a $125 million loss and a $135 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, 2024June 30, 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 $17,900 $75 $245 
Commodity contracts959 22 13 966 19 9 
Fair value hedges
Interest rate contracts16,194 66 645 19,563 457 309 
Cross-currency interest rate swap contracts
3,802 9 139 3,802 381 — 
Derivatives not designated as hedging instruments
Foreign currency exchange contracts20,799 301 192 26,220 291 315 
Cross-currency interest rate swap contracts
5,455 133 246 5,325 352 49 
Interest rate contracts76,977 305 845 84,941 330 804 
Commodity contracts944 14 31 882 19 20 
Total derivative financial instruments, gross (a) (b)
$145,157 $1,428 $2,234 $159,599 $1,924 $1,751 
Current portion
$869 $1,311 $544 $1,017 
Non-current portion
559 923 1,380 734 
Total derivative financial instruments, gross
$1,428 $2,234 $1,924 $1,751 
__________
(a)At December 31, 2024 and June 30, 2025, we held collateral of $27 million and $38 million, respectively, and we posted collateral of $127 million and $125 million, respectively.
(b)At December 31, 2024 and June 30, 2025, the fair value of assets and liabilities available for counterparty netting was $780 million and $1,067 million, respectively. All derivatives are categorized within Level 2 of the fair value hierarchy.
v3.25.2
Employee Separation Actions and Exit and Disposal Activities (Tables)
 6 Months Ended
Jun. 30, 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 June 30, which are recorded in Other liabilities and deferred revenue (in millions):
Second QuarterFirst Half
2024202520242025
Beginning balance$1,466 $999 $1,086 $1,098 
Changes in accruals (a)195 51 789 98 
Payments(315)(67)(503)(245)
Foreign currency translation and other(13)67 (39)99 
Ending balance$1,333 $1,050 $1,333 $1,050 
__________
(a)Excludes pension costs of $50 million and $11 million in the second quarter of 2024 and 2025, respectively, and $64 million and $35 million in the first half of 2024 and 2025, respectively.
v3.25.2
Accumulated Other Comprehensive Income/(Loss) (Tables)
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The changes in the balances for each component of accumulated other comprehensive income/(loss) attributable to Ford Motor Company for the periods ended June 30 were as follows (in millions):
Second QuarterFirst Half
2024202520242025
Foreign currency translation
Beginning balance$(5,557)$(6,378)$(5,443)$(6,899)
Gains/(Losses) on foreign currency translation(496)1,229 (614)1,726 
Less: Tax/(Tax benefit) (a)23 (44)19 (72)
Net gains/(losses) on foreign currency translation (519)1,273 (633)1,798 
(Gains)/Losses reclassified from AOCI to net income (b)(1)— (1)(4)
Other comprehensive income/(loss), net of tax (c)(520)1,273 (634)1,794 
Ending balance$(6,077)$(5,105)$(6,077)$(5,105)
Marketable securities
Beginning balance$(178)$17 $(170)$(50)
Gains/(Losses) on available for sale securities30 51 15 139 
Less: Tax/(Tax benefit)5 13 3 32 
Net gains/(losses) on available for sale securities25 38 12 107 
(Gains)/Losses reclassified from AOCI to net income5 (3)11 (5)
Less: Tax/(Tax benefit)2 (1)3 (1)
Net (gains)/losses reclassified from AOCI to net income (b)3 (2)8 (4)
Other comprehensive income/(loss), net of tax28 36 20 103 
Ending balance$(150)$53 $(150)$53 
Derivative instruments
Beginning balance$(126)$148 $(331)$277 
Gains/(Losses) on derivative instruments103 (515)359 (597)
Less: Tax/(Tax benefit)24 (120)84 (139)
Net gains/(losses) on derivative instruments79 (395)275 (458)
(Gains)/Losses reclassified from AOCI to net income(47)(20)(35)(105)
Less: Tax/(Tax benefit)(11)(5)(8)(24)
Net (gains)/losses reclassified from AOCI to net income (d)(36)(15)(27)(81)
Other comprehensive income/(loss), net of tax43 (410)248 (539)
Ending balance$(83)$(262)$(83)$(262)
Pension and other postretirement benefits
Beginning balance$(3,071)$(2,945)$(3,098)$(2,967)
Amortization and recognition of prior service costs/(credits)
33 30 64 60 
Less: Tax/(Tax benefit)7 8 15 15 
Net prior service costs/(credits) reclassified from AOCI to net income
26 22 49 45 
Translation impact on non-U.S. plans
(2)(5)2 (6)
Other comprehensive income/(loss), net of tax24 17 51 39 
Ending balance$(3,047)$(2,928)$(3,047)$(2,928)
Total AOCI ending balance at June 30$(9,357)$(8,242)$(9,357)$(8,242)
__________
(a)We do not recognize deferred taxes for a majority of the foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future. However, we have made elections to tax certain non-U.S. operations simultaneously in U.S. tax returns, and have recorded deferred taxes for temporary differences that will reverse, independent of repatriation plans, in U.S. tax returns. Taxes or tax benefits resulting from foreign currency translation of the temporary differences are recorded in Other comprehensive income/(loss), net of tax.
(b)Reclassified to Other income/(loss), net.
(c)Excludes a $1 million loss related to noncontrolling interests in both 2024 and 2025, respectively.
(d)Reclassified to Cost of sales. During the next twelve months, we expect to reclassify existing net losses on cash flow hedges of $136 million (see Note 13).
v3.25.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 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 June 30 was as follows (in millions):
First Half
 20242025
Beginning balance$11,504 $14,032 
Payments made during the period(2,862)(2,801)
Changes in accrual related to warranties issued during the period2,671 3,351 
Changes in accrual related to pre-existing warranties1,438 1,586 
Foreign currency translation and other(198)69 
Ending balance$12,553 $16,237 
v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
NOTE 19. SEGMENT INFORMATION (Continued)

Key financial information for the periods ended or at June 30 was as follows (in millions):
 Ford BlueFord
Model e		Ford ProFord CreditUnallocated Amounts and Eliminations (a)Total
Second Quarter 2024    
External revenues$26,670 $1,150 $16,988 $2,997 $3 $47,808 
Intersegment revenues (b)11,306 112 — — (11,418)— 
Total revenues$37,976 $1,262 $16,988 $2,997 $(11,415)$47,808 
Other segment items (c)36,809 2,412 14,426 2,654 
Segment EBIT/EBT$1,167 $(1,150)$2,562 $343 $2,922 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(165)
Interest on debt (excludes $1,897 of Ford Credit interest on debt)
(270)
Special items (d)(49)
Income/(Loss) before income taxes$2,438 
Other Segment Disclosures
Depreciation and tooling amortization$754 $152 $356 $623 $29 $1,914 
Investment-related interest income41 — 13 122 191 367 
Equity in net income/(loss) of affiliated companies95 (20)111 10 1 197 
Cash outflow for capital spending (e)1,051 973 8 22 46 2,100 
Total assets59,907 16,861 3,287 150,159 46,372 276,586 
Second Quarter 2025
External revenues$25,784 $2,357 $18,797 $3,241 $5 $50,184 
Intersegment revenues (b)13,527 192 — — (13,719)— 
Total revenues$39,311 $2,549 $18,797 $3,241 $(13,714)$50,184 
Other segment items (c)38,650 3,878 16,479 2,596 
Segment EBIT/EBT$661 $(1,329)$2,318 $645 $2,295 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(155)
Interest on debt (excludes $1,759 of Ford Credit interest on debt)
(297)
Special items (f)(1,302)
Income/(Loss) before income taxes$541 
Other Segment Disclosures
Depreciation and tooling amortization$764 $154 $349 $615 $17 $1,899 
Investment-related interest income50 1 15 91 211 368 
Equity in net income/(loss) of affiliated companies52 (17)96 13 (394)(250)
Cash outflow for capital spending (e)1,063 952 16 34 23 2,088 
Total assets64,141 16,304 4,566 157,804 49,910 292,725 
NOTE 19. SEGMENT INFORMATION (Continued)

Key financial information for the periods ended or at June 30 was as follows (in millions):
 Ford BlueFord
Model e		Ford ProFord CreditUnallocated Amounts and Eliminations (a)Total
First Half 2024    
External revenues$48,424 $1,266 $35,007 $5,884 $4 $90,585 
Intersegment revenues (b)23,047 133 — — (23,180)— 
Total revenues$71,471 $1,399 $35,007 $5,884 $(23,176)$90,585 
Other segment items (c)69,403 3,876 29,439 5,215 
Segment EBIT/EBT$2,068 $(2,477)$5,568 $669 $5,828 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(308)
Interest on debt (excludes $3,745 of Ford Credit interest on debt)
(548)
Special items (g)(922)
Income/(Loss) before income taxes$4,050 
Other Segment Disclosures
Depreciation and tooling amortization$1,479 $295 $716 $1,245 $60 $3,795 
Investment-related interest income77 1 24 267 408 777 
Equity in net income/(loss) of affiliated companies156 (39)228 18 1 364 
Cash outflow for capital spending (e)2,100 1,948 17 43 86 4,194 
First Half 2025
External revenues$46,781 $3,599 $33,978 $6,478 $7 $90,843 
Intersegment revenues (b)24,132 308 — — (24,440)— 
Total revenues$70,913 $3,907 $33,978 $6,478 $(24,433)$90,843 
Other segment items (c)70,156 6,085 30,351 5,253 
Segment EBIT/EBT$757 $(2,178)$3,627 $1,225 $3,431 
Reconciliation of Segment EBIT/EBT
Unallocated amounts:
Corporate Other(272)
Interest on debt (excludes $3,549 of Ford Credit interest on debt)
(585)
Special items (f)(1,412)
Income/(Loss) before income taxes$1,162 
Other Segment Disclosures
Depreciation and tooling amortization$1,493 $292 $697 $1,233 $32 $3,747 
Investment-related interest income98 2 30 182 407 719 
Equity in net income/(loss) of affiliated companies114 (37)136 23 (392)(156)
Cash outflow for capital spending (e)2,050 1,713 23 62 58 3,906 
__________
(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 Ford Credit primarily consists of interest expense and depreciation.
(d)Primarily reflects restructuring actions in Europe (which triggered remeasurement of certain European pension plans) and updated assumptions for the duration of the Oakville Assembly Plant changeover, which is now shorter than originally planned.
(e)Ford Blue recognized $248 million and $195 million of spending attributable to electric vehicles at shared manufacturing plants during the second quarter of 2024 and 2025, respectively, and $471 million and $358 million in the first half of 2024 and 2025, respectively. Total electric vehicle spending, including Ford Blue and Ford Model e, was $1,221 million and $1,147 million during the second quarter of 2024 and 2025, respectively, and $2,419 million and $2,071 million in the first half of 2024 and 2025, respectively.
(f)Primarily reflects a field service action for fuel injectors, our share of equity method investment asset impairments and write downs and other expenses, and charges related to the cancellation of a previously planned all-electric three-row SUV program and resulting actions.
(g)Primarily reflects restructuring actions in Europe, buyouts for hourly employees in North America, and the extended duration of the Oakville Assembly Plant changeover.
v3.25.2
Revenue - Disaggregation of Revenue from Contract with Customer by Products and Services (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Total revenues $ 50,184 $ 47,808 $ 90,843 $ 90,585
Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 46,943 44,811 84,365 84,701
Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 3,241 2,997 6,478 5,884
Vehicles, parts, and accessories        
Disaggregation of Revenue [Line Items]        
Total revenues 45,202 43,542 81,069 82,187
Used vehicles        
Disaggregation of Revenue [Line Items]        
Total revenues 780 489 1,465 999
Service and Other Revenue        
Disaggregation of Revenue [Line Items]        
Total revenues 903 768 1,724 1,476
Revenues from sales and services        
Disaggregation of Revenue [Line Items]        
Total revenues 46,885 44,799 84,258 84,662
Leasing income        
Disaggregation of Revenue [Line Items]        
Total revenues 1,253 1,084 2,451 2,148
Financing income        
Disaggregation of Revenue [Line Items]        
Total revenues 2,008 1,889 4,054 3,708
Insurance income        
Disaggregation of Revenue [Line Items]        
Total revenues 38 36 80 67
Operating Segments | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 46,943 44,811 84,365 84,701
Operating Segments | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 3,241 2,997 6,478 5,884
Operating Segments | Vehicles, parts, and accessories | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 45,202 43,542 81,069 82,187
Operating Segments | Vehicles, parts, and accessories | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Used vehicles | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 780 489 1,465 999
Operating Segments | Used vehicles | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Service and Other Revenue | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 884 726 1,687 1,414
Operating Segments | Service and Other Revenue | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 19 42 37 62
Operating Segments | Revenues from sales and services | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 46,866 44,757 84,221 84,600
Operating Segments | Revenues from sales and services | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 19 42 37 62
Operating Segments | Leasing income | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 77 54 144 101
Operating Segments | Leasing income | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 1,176 1,030 2,307 2,047
Operating Segments | Financing income | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Financing income | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 2,008 1,889 4,054 3,708
Operating Segments | Insurance income | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 0 0 0 0
Operating Segments | Insurance income | Ford Credit        
Disaggregation of Revenue [Line Items]        
Total revenues 38 36 80 67
Operating Segments | Services and other revenue (a) | Company excluding Ford Credit        
Disaggregation of Revenue [Line Items]        
Contract with Customer, Liability, Revenue Recognized $ 516 $ 427 $ 1,000 $ 858
v3.25.2
Revenue Revenue - Narrative (Details) - Operating Segments - Company excluding Ford Credit - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 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 $ 90 $ (256)      
Services and other revenue (a)          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, Remaining Performance Obligation, Amount 1,000   $ 1,000    
Contract with Customer, Liability 5,800   5,800   $ 5,300
Contract with Customer, Liability, Revenue Recognized 516 427 1,000 $ 858  
Capitalized Contract Cost, Net 317   317   $ 312
Capitalized Contract Cost, Amortization $ 22 $ 27 $ 52 $ 53  
v3.25.2
Revenue Revenue - Performance Obligations (Details) - Company excluding Ford Credit - Operating Segments - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Services and other revenue (a)        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Amount $ 1,000   $ 1,000  
Capitalized Contract Cost, Amortization $ 22 $ 27 $ 52 $ 53
Services and other revenue (a) | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 6 months   6 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 $ 1,600   $ 1,600  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 1 year   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 $ 3,200   $ 3,200  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 8 years   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 $ 90 $ (256)    
v3.25.2
Other Income/(Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component $ 14 $ 105 $ 25 $ 81
Investment-related interest income 368 367 719 777
Unrecognized Tax Benefits, Interest on Income Taxes Expense 1 (9) (16) (23)
Gain (Loss) on Investments 11 21 43 (8)
Gains (Losses) On Changes In Investments In Affiliates 1 17 8 24
Royalty income 107 113 214 237
Other 75 14 80 38
Total $ 577 $ 628 $ 1,073 $ 1,126
v3.25.2
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Jun. 30, 2025
Income Tax Disclosure [Abstract]      
Effective Income Tax Rate Reconciliation, Percent   105.40% 61.80%
Tax Adjustments, Settlements, and Unusual Provisions   $ 471  
Subsequent Event [Member]      
Subsequent Event [Line Items]      
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability $ 400    
v3.25.2
Capital Stock and Earnings Per Share (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Basic and Diluted Income Attributable to Ford Motor Company [Abstract]        
Net income/(loss) attributable to Ford Motor Company $ (36) $ 1,831 $ 435 $ 3,163
Basic and Diluted Shares [Abstract]        
Basic shares (average shares outstanding) 3,980 3,985 3,974 3,982
Net dilutive options, unvested restricted stock units, unvested restricted stock shares, and convertible debt 0 37 44 40
Diluted shares 3,980 4,022 4,018 4,022
v3.25.2
Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 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 $ 23,020   $ 23,020   $ 22,935  
Restricted cash 230   230   208  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations 0   0   47  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 23,250 $ 20,226 23,250 $ 20,226 23,190 $ 25,110
Net realized and unrealized (gains)/losses on cash equivalents, marketable securities, and other investments (11) $ (21) (43) $ 8    
Operating Segments | Ford Credit            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Total cash and cash equivalents 8,469   8,469   9,272  
Restricted cash 99   99   88  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations 0   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 14,551   14,551   13,663  
Debt Securities, Available-for-sale 14,006   14,006   14,974  
Restricted cash 131   131   120  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations 0   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 3,148   3,148   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 1,991   1,991   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 1,688   1,688   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 6,737   6,737   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 442   442   488  
Fair Value, Recurring            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Cash and Cash Equivalents, Fair Value Disclosure 7,386   7,386   7,323  
Cash, Cash Equivalents, and Short-term Investments 15,634   15,634   15,612  
Debt Securities, Available-for-sale 14,484   14,484   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 1,759   1,759   1,963  
Cash, Cash Equivalents, and Short-term Investments 6,710   6,710   7,309  
Debt Securities, Available-for-sale 754   754   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 5,627   5,627   5,360  
Cash, Cash Equivalents, and Short-term Investments 8,924   8,924   8,303  
Debt Securities, Available-for-sale 13,730   13,730   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 466   466   1,953  
Debt Securities, Available-for-sale 3,677   3,677   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 466   466   854  
Debt Securities, Available-for-sale 231   231   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 0   0   1,099  
Debt Securities, Available-for-sale 3,446   3,446   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 26   26   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   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 26   26   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 2,697   2,697   2,929  
Debt Securities, Available-for-sale 1,427   1,427   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 400   400   400  
Debt Securities, Available-for-sale 0   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 2,297   2,297   2,529  
Debt Securities, Available-for-sale 1,427   1,427   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 2,988   2,988   1,443  
Debt Securities, Available-for-sale 2,464   2,464   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 443   443   370  
Debt Securities, Available-for-sale 86   86   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 2,545   2,545   1,073  
Debt Securities, Available-for-sale 2,378   2,378   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 1,235   1,235   998  
Debt Securities, Available-for-sale 6,239   6,239   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 450   450   339  
Debt Securities, Available-for-sale 255   255   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 785   785   659  
Debt Securities, Available-for-sale 5,984   5,984   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 651   651   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 182   182   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 $ 469   $ 469   $ 516  
v3.25.2
Cash, Cash Equivalents, and Marketable Securities Available for Sale Securities (Details) - Operating Segments - Company excluding Ford Credit - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Debt Securities, Available-for-sale [Abstract]          
Debt Securities, Available-for-sale, Amortized Cost $ 13,951   $ 13,951   $ 15,051
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 98   98   41
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (43)   (43)   (118)
Debt Securities, Available-for-sale 14,006   14,006   14,974
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 3,733   3,733   3,810
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 10,002   10,002   11,051
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 271   271   113
Sales proceeds 992 $ 2,715 3,441 $ 6,434  
Gross realized gains 4 3 9 5  
Gross realized losses 1 $ 8 4 $ 16  
U.S. government          
Debt Securities, Available-for-sale [Abstract]          
Debt Securities, Available-for-sale, Amortized Cost 3,137   3,137   3,476
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 17   17   1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (6)   (6)   (27)
Debt Securities, Available-for-sale 3,148   3,148   3,450
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 436   436   282
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 2,641   2,641   3,168
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 71   71   0
U.S. government agencies          
Debt Securities, Available-for-sale [Abstract]          
Debt Securities, Available-for-sale, Amortized Cost 1,997   1,997   1,755
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 10   10   1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (16)   (16)   (30)
Debt Securities, Available-for-sale 1,991   1,991   1,726
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 696   696   697
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 1,261   1,261   1,010
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 34   34   19
Non-U.S. government and agencies          
Debt Securities, Available-for-sale [Abstract]          
Debt Securities, Available-for-sale, Amortized Cost 1,702   1,702   2,039
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 4   4   1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (18)   (18)   (39)
Debt Securities, Available-for-sale 1,688   1,688   2,001
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 429   429   559
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 1,206   1,206   1,429
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 53   53   13
Corporate debt          
Debt Securities, Available-for-sale [Abstract]          
Debt Securities, Available-for-sale, Amortized Cost 6,676   6,676   7,295
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 64   64   35
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (3)   (3)   (21)
Debt Securities, Available-for-sale 6,737   6,737   7,309
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 2,100   2,100   2,272
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 4,528   4,528   5,033
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value 109   109   4
Other marketable securities          
Debt Securities, Available-for-sale [Abstract]          
Debt Securities, Available-for-sale, Amortized Cost 439   439   486
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 3   3   3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 0   0   (1)
Debt Securities, Available-for-sale 442   442   488
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 72   72   0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value 366   366   411
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value $ 4   $ 4   $ 77
v3.25.2
Cash, Cash Equivalents, and Marketable Securities Restricted Cash (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Restricted Cash and Cash Equivalents Items [Line Items]    
Cash and cash equivalents $ 23,020 $ 22,935
Restricted cash 230 208
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 $ 23,250 $ 23,190
v3.25.2
Ford Credit Finance Receivables, net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Financing Receivables [Line Items]                
Number Of Days After Which Finance Receivable Is Considered Past Due 31 days   31 days          
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Current portion $ 47,593   $ 47,593     $ 51,850    
Non-current portion $ 59,867   $ 59,867     59,786    
Financing Receivable, Threshold Period Past Due, Writeoff 120 days   120 days          
Variable Interest Entity, Primary Beneficiary                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Total finance receivables, net $ 55,627   $ 55,627     60,717    
Ford Credit                
Financing Receivables [Line Items]                
Sales-type Lease, Lease Income 148 $ 122 285 $ 239        
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Retail installment contracts, gross 108,350   108,350     112,500    
Total finance receivables, net 107,460   107,460     111,636    
Financing Receivable, Allowance for Credit Loss (890) (880) (890) (880) $ (881) (864) $ (880) $ (882)
Current portion 47,593   47,593     51,850    
Non-current portion 59,867   59,867     59,786    
Net finance receivables subject to fair value (a) 98,614   98,614     103,755    
Interest Receivable 291   291     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) 98,947   98,947     103,231    
Ford Credit | Consumer                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Retail installment contracts, gross 83,603   83,603     83,218    
Retail financing, gross 87,933   87,933     87,816    
Financing Receivable, Allowance for Credit Loss (885) (876) (885) (876) (872) (860) (877) (879)
Ford Credit | Consumer | Variable Interest Entity, Primary Beneficiary                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Retail installment contracts, gross 43,000   43,000     47,600    
Ford Credit | Consumer | Retail installment contracts                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Retail financing, gross 78,542   78,542     79,459    
Ford Credit | Consumer | Retail financing                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Retail installment contracts, gross 83,603   83,603     83,218    
Unearned interest supplements (4,330)   (4,330)     (4,598)    
Ford Credit | Finance Leases Portfolio Segment | Retail financing                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Finance leases, gross 9,391   9,391     8,357    
Ford Credit | Non-consumer                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Retail installment contracts, gross 24,747   24,747     29,282    
Financing Receivable, Allowance for Credit Loss (5) $ (4) (5) $ (4) $ (9) (4) $ (3) $ (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 21,900   21,900     24,400    
Ford Credit | Non-consumer | Dealer financing                
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]                
Retail installment contracts, gross $ 24,747   $ 24,747     $ 29,282    
v3.25.2
Ford Credit Finance Receivables - Aging (Details) - Ford Credit - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Financing Receivables, Aging [Line Items]          
Recorded investment $ 108,350   $ 108,350   $ 112,500
Financing Receivable, Allowance for Credit Loss, Writeoff 160 $ 131 327 $ 260  
Consumer          
Financing Receivables, Aging [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 2,382   2,382   846
Financing Receivable, Originated Four Years before Latest Fiscal Year 3,797   3,797   3,282
Financing Receivable, Originated Three Years before Latest Fiscal Year 9,388   9,388   5,597
Financing Receivable, Originated Two Years before Latest Fiscal Year 20,141   20,141   12,519
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 32,400   32,400   24,477
Financing Receivable, Originated in Current Fiscal Year 15,495   15,495   36,497
Recorded investment $ 83,603   $ 83,603   $ 83,218
Financing Receivable, Percent of Consumer Finance Receivables 100.00%   100.00%   100.00%
Financing Receivable, Originated, More Than Five Years before Current Fiscal Year, Writeoff     $ 31   $ 46
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     30   58
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     64   71
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     92   152
Financing Receivable, Year Two, Originated, Fiscal Year Before Current Fiscal Year, Writeoff     92   191
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     4   50
Financing Receivable, Allowance for Credit Loss, Writeoff $ 147 $ 124 313 $ 253 568
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 84   84   43
Financing Receivable, Originated Four Years before Latest Fiscal Year 79   79   93
Financing Receivable, Originated Three Years before Latest Fiscal Year 148   148   104
Financing Receivable, Originated Two Years before Latest Fiscal Year 219   219   187
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 233   233   242
Financing Receivable, Originated in Current Fiscal Year 45   45   203
Recorded investment $ 808   $ 808   $ 872
Financing Receivable, Percent of Consumer Finance Receivables 1.00%   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 $ 30   $ 30   $ 15
Financing Receivable, Originated Four Years before Latest Fiscal Year 31   31   27
Financing Receivable, Originated Three Years before Latest Fiscal Year 53   53   35
Financing Receivable, Originated Two Years before Latest Fiscal Year 76   76   57
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 78   78   82
Financing Receivable, Originated in Current Fiscal Year 23   23   59
Recorded investment $ 291   $ 291   $ 275
Financing Receivable, Percent of Consumer Finance Receivables 0.30%   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 $ 114   $ 114   $ 58
Financing Receivable, Originated Four Years before Latest Fiscal Year 110   110   120
Financing Receivable, Originated Three Years before Latest Fiscal Year 201   201   139
Financing Receivable, Originated Two Years before Latest Fiscal Year 295   295   244
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 311   311   324
Financing Receivable, Originated in Current Fiscal Year 68   68   262
Recorded investment $ 1,099   $ 1,099   $ 1,147
Financing Receivable, Percent of Consumer Finance Receivables 1.30%   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 $ 2,268   $ 2,268   $ 788
Financing Receivable, Originated Four Years before Latest Fiscal Year 3,687   3,687   3,162
Financing Receivable, Originated Three Years before Latest Fiscal Year 9,187   9,187   5,458
Financing Receivable, Originated Two Years before Latest Fiscal Year 19,846   19,846   12,275
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 32,089   32,089   24,153
Financing Receivable, Originated in Current Fiscal Year 15,427   15,427   36,235
Recorded investment $ 82,504   $ 82,504   $ 82,071
Financing Receivable, Percent of Consumer Finance Receivables 98.70%   98.70%   98.60%
v3.25.2
Ford Credit Finance Receivables - Credit Quality (Details) - Ford Credit - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Credit quality [Line Items]          
Recorded investment $ 108,350   $ 108,350   $ 112,500
Financing Receivable, Allowance for Credit Loss, Writeoff 160 $ 131 327 $ 260  
Non-consumer          
Credit quality [Line Items]          
Financing Receivable, Revolving 23,746   23,746   28,259
Recorded investment 24,747   24,747   29,282
Financing Receivable, Revolving, Writeoff     11   6
Financing Receivable, Allowance for Credit Loss, Writeoff 13 $ 7 14 $ 7  
Non-consumer | Group I          
Credit quality [Line Items]          
Financing Receivable, Revolving 20,047   20,047   25,257
Non-consumer | Group II          
Credit quality [Line Items]          
Financing Receivable, Revolving 3,044   3,044   2,494
Non-consumer | Group III          
Credit quality [Line Items]          
Financing Receivable, Revolving 590   590   462
Non-consumer | Group IV          
Credit quality [Line Items]          
Financing Receivable, Revolving 65   65   46
Non-consumer | Dealer Loans          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 340   340   283
Financing Receivable, Originated Four Years before Latest Fiscal Year 87   87   63
Financing Receivable, Originated Three Years before Latest Fiscal Year 37   37   102
Financing Receivable, Originated Two Years before Latest Fiscal Year 231   231   48
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 129   129   246
Financing Receivable, Originated in Current Fiscal Year 177   177   281
Recorded investment 1,001   1,001   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     3   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     3   1
Non-consumer | Dealer Loans | Group I          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 315   315   270
Financing Receivable, Originated Four Years before Latest Fiscal Year 78   78   63
Financing Receivable, Originated Three Years before Latest Fiscal Year 34   34   97
Financing Receivable, Originated Two Years before Latest Fiscal Year 196   196   47
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 118   118   217
Financing Receivable, Originated in Current Fiscal Year 130   130   245
Recorded investment 871   871   939
Non-consumer | Dealer Loans | Group II          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 24   24   13
Financing Receivable, Originated Four Years before Latest Fiscal Year 9   9   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 3   3   3
Financing Receivable, Originated Two Years before Latest Fiscal Year 35   35   1
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 10   10   28
Financing Receivable, Originated in Current Fiscal Year 39   39   31
Recorded investment 120   120   76
Non-consumer | Dealer Loans | Group III          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 1   1   0
Financing Receivable, Originated Four Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 0   0   2
Financing Receivable, Originated Two Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 1   1   1
Financing Receivable, Originated in Current Fiscal Year 7   7   4
Recorded investment 9   9   7
Non-consumer | Dealer Loans | Group IV          
Credit quality [Line Items]          
Financing Receivable, Originated Five or More Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Four Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Three Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated Two Years before Latest Fiscal Year 0   0   0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year 0   0   0
Financing Receivable, Originated in Current Fiscal Year 1   1   1
Recorded investment 1   1   1
Non-consumer | Wholesale and Dealer Loans          
Credit quality [Line Items]          
Recorded investment $ 24,747   $ 24,747   $ 29,282
Financing Receivable, Percent of Dealer Finance Receivables 100.00%   100.00%   100.00%
Financing Receivable, Allowance for Credit Loss, Writeoff     $ 14   $ 7
Non-consumer | Wholesale and Dealer Loans | Financing Receivables, Total Past Due          
Credit quality [Line Items]          
Recorded investment $ 4   4   8
Non-consumer | Wholesale and Dealer Loans | Group I          
Credit quality [Line Items]          
Recorded investment $ 20,918   $ 20,918   $ 26,196
Financing Receivable, Percent of Dealer Finance Receivables 84.50%   84.50%   89.40%
Non-consumer | Wholesale and Dealer Loans | Group II          
Credit quality [Line Items]          
Recorded investment $ 3,164   $ 3,164   $ 2,570
Financing Receivable, Percent of Dealer Finance Receivables 12.80%   12.80%   8.80%
Non-consumer | Wholesale and Dealer Loans | Group III          
Credit quality [Line Items]          
Recorded investment $ 599   $ 599   $ 469
Financing Receivable, Percent of Dealer Finance Receivables 2.40%   2.40%   1.60%
Non-consumer | Wholesale and Dealer Loans | Group IV          
Credit quality [Line Items]          
Recorded investment $ 66   $ 66   $ 47
Financing Receivable, Percent of Dealer Finance Receivables 0.30%   0.30%   0.20%
v3.25.2
Allowance for Credit Losses (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]          
Financing Receivable, Threshold Period Past Due, Writeoff 120 days   120 days    
Ford Credit          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Financing Receivable, Allowance for Credit Loss $ 881 $ 880 $ 864 $ 882 $ 882
Financing Receivable, Allowance for Credit Loss, Writeoff (160) (131) (327) (260)  
Financing Receivable, Allowance for Credit Loss, Recovery 45 42 85 84  
Provision for credit losses 114 95 254 183  
Financing Receivable, Allowance for Credit Losses, Other 10 (6) 14 (9)  
Financing Receivable, Allowance for Credit Loss, Ending Balance 890 880 890 880 864
Consumer | Ford Credit          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Financing Receivable, Allowance for Credit Loss 872 877 860 879 879
Financing Receivable, Allowance for Credit Loss, Writeoff (147) (124) (313) (253) (568)
Financing Receivable, Allowance for Credit Loss, Recovery 45 42 85 81  
Provision for credit losses 105 87 240 178  
Financing Receivable, Allowance for Credit Losses, Other 10 (6) 13 (9)  
Financing Receivable, Allowance for Credit Loss, Ending Balance 885 876 885 876 860
Non-consumer | Ford Credit          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Financing Receivable, Allowance for Credit Loss 9 3 4 3 3
Financing Receivable, Allowance for Credit Loss, Writeoff (13) (7) (14) (7)  
Financing Receivable, Allowance for Credit Loss, Recovery 0 0 0 3  
Provision for credit losses 9 8 14 5  
Financing Receivable, Allowance for Credit Losses, Other 0 0 1 0  
Financing Receivable, Allowance for Credit Loss, Ending Balance $ 5 $ 4 5 $ 4 4
Wholesale and Dealer Loans | Non-consumer | Ford Credit          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Financing Receivable, Allowance for Credit Loss, Writeoff     $ (14)   $ (7)
v3.25.2
Inventories (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Raw materials, work-in-process, and supplies $ 5,865 $ 5,394
Finished products 11,405 9,557
Total inventories $ 17,270 $ 14,951
v3.25.2
Other Liabilities and Deferred Revenue (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Accounts Payable and Accrued Liabilities, Current [Abstract]    
Dealer and dealers’ customer allowances and claims $ 15,250 $ 14,140
Deferred Revenue 4,526 3,331
Employee benefit plans 2,386 2,457
Accrued interest 1,399 1,346
OPEB (a) 339 335
Pension (a) 223 215
Operating lease liabilities 584 558
Other (b) 5,653 5,400
Total current other liabilities and deferred revenue 30,360 27,782
Accounts Payable and Accrued Liabilities, Noncurrent [Abstract]    
Dealer and dealers’ customer allowances and claims 11,221 9,836
Deferred Revenue 5,090 4,910
Pension 4,149 4,470
OPEB 4,076 4,080
Operating lease liabilities 1,928 1,782
Employee benefit plans 764 806
Other (b) 3,014 2,948
Total non-current other liabilities and deferred revenue 30,242 28,832
Net pension assets 4,500 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  
v3.25.2
Retirement Benefits - Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 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 $ 10 $ 12
Interest cost 55 56 110 113
Expected return on assets 0 0 0 0
Amortization of prior service costs/(credits) 2 3 4 5
Net remeasurement (gain)/loss 0 0 0 0
Defined Benefit Plan, Other Cost (Credit) 0 0 0 0
Settlements and curtailments 0 0 0 0
Net periodic benefit cost/(income) 62 65 124 130
Pension Plan        
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)        
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year 800   800  
UNITED STATES | Pension Plan        
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)        
Service cost 52 73 104 146
Interest cost 393 401 786 801
Expected return on assets (457) (455) (913) (910)
Amortization of prior service costs/(credits) 22 24 44 47
Net remeasurement (gain)/loss 0 0 0 0
Defined Benefit Plan, Other Cost (Credit) 5 1 12 9
Settlements and curtailments 0 0 0 0
Net periodic benefit cost/(income) 15 44 33 93
Foreign Plan | Pension Plan        
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)        
Service cost 50 61 98 124
Interest cost 238 233 462 468
Expected return on assets (289) (252) (567) (507)
Amortization of prior service costs/(credits) 6 6 12 12
Net remeasurement (gain)/loss 0 (172) (10) (183)
Defined Benefit Plan, Other Cost (Credit) 11 53 35 67
Settlements and curtailments 0 (3) 0 (3)
Net periodic benefit cost/(income) $ 16 $ (74) $ 30 $ (22)
v3.25.2
Retirement Benefits Pension Plan Contributions (Details) - Pension Plan
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Defined Benefit Plan Disclosure [Line Items]  
Payment for Pension and Other Postretirement Benefits $ 515
Pension And Other Postretirement Expected Benefit Contributions Unfunded Plans 450
Pension and Other Postretirement Benefit Contributions Unfunded Plans $ 218
v3.25.2
Debt - Debt Outstanding (Details) - Operating Segments
£ in Millions, $ in Millions
Jul. 28, 2025
GBP (£)
Jul. 23, 2025
GBP (£)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Ford Credit        
Debt Instrument [Line Items]        
Unamortized (discount)/premium, current     $ 0 $ 2
Unamortized issuance costs, current     (21) (18)
Adjustment Fair Value Hedging Instruments Unsecured Debt, Current     (59) (125)
Long-term Debt, Current Maturities     53,281 53,193
Long-term debt     84,113 84,675
Unamortized (discount)/premium, noncurrent     (21) (20)
Unamortized issuance costs, noncurrent     (214) (217)
Fair value adjustments, noncurrent     (272) (919)
Long-term Debt, Excluding Current Maturities     84,113 84,675
Debt, Long-term and Short-term, Combined Amount     137,394 137,868
Short-term Debt, Fair Value     15,900 16,200
Debt Carrying Value Fair Value     41,800 41,100
Adjustment Fair Value Hedging Instruments Unsecured Debt, Discontinued Hedging Relationships     (411) (450)
Ford Credit | Unsecured Debt        
Debt Instrument [Line Items]        
Long-Term Debt and Lease Obligation, Current     14,362 12,871
Long-term debt     52,005 49,607
Ford Credit | Asset-Backed Securities        
Debt Instrument [Line Items]        
Long-Term Debt and Lease Obligation, Current     21,960 23,050
Long-term debt     32,615 36,224
Ford Credit | Notes Payable, Other Payables        
Debt Instrument [Line Items]        
Short-term     17,039 17,413
Company excluding Ford Credit        
Debt Instrument [Line Items]        
Convertible Debt, Current     2,300 0
Unamortized (discount)/premium, current     (1) (11)
Unamortized issuance costs, current     (5) (1)
Long-term Debt, Current Maturities     3,591 1,756
Long-term debt     16,742 18,898
Convertible Debt, Noncurrent     0 2,300
Unamortized (discount)/premium, noncurrent     (105) (109)
Unamortized issuance costs, noncurrent     (139) (152)
Long-term Debt, Excluding Current Maturities     16,742 18,898
Debt, Long-term and Short-term, Combined Amount     20,333 20,654
Short-term Debt, Fair Value     913 632
Finance Lease, Liability, Current     119 94
Finance Lease, Liability, Noncurrent     751 711
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     208 176
Other Loans Payable, Long-term, Noncurrent     1,199 1,160
Company excluding Ford Credit | Notes Payable, Other Payables | U.K. Export Finance Program        
Debt Instrument [Line Items]        
Other Loans Payable, Current     0 784
Other Loans Payable, Long-term, Noncurrent     1,028 940
Company excluding Ford Credit | Notes Payable, Other Payables | U.K. Export Finance Program | Subsequent Event [Member]        
Debt Instrument [Line Items]        
Other Loans Payable, Long-term, Noncurrent | £ £ 1,000      
Company excluding Ford Credit | U.K. Export Finance Program | Subsequent Event [Member] | Ford of Britain        
Debt Instrument [Line Items]        
Medium-Term Note, Noncurrent | £   £ 1,000    
Company excluding Ford Credit | Notes Payable, Other Payables        
Debt Instrument [Line Items]        
Short-term     913 632
Fair Value, Nonrecurring [Member] | Level 2 [Member] | Ford Credit        
Debt Instrument [Line Items]        
Fair Value     139,148 140,046
Fair Value, Nonrecurring [Member] | Level 2 [Member] | Company excluding Ford Credit        
Debt Instrument [Line Items]        
Fair Value     $ 19,659 $ 20,178
v3.25.2
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 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Debt Instrument [Line Items]        
Amortization of Debt Issuance Costs $ 2,000 $ 2,000 $ 3,000 $ 3,000
Debt Conversion, Converted Instrument, Amount     $ 1  
Debt Conversion, Converted Instrument, Shares Issued     73.523  
Debt Instrument, Convertible, Conversion Price $ 13.60   $ 13.60  
v3.25.2
Income Effect of Derivative Financial Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative [Line Items]        
Derivative Instruments $ (410) $ 43 $ (539) $ 248
Gain/(Loss) Recognized in Income 163 (2) 318 (233)
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 21 50 95 64
Gains/(losses) on derivative instruments (527) 49 (605) 337
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member]        
Derivative [Line Items]        
Derivative Instruments (1) (3) 10 (29)
Gains/(losses) on derivative instruments 12 54 8 22
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 (18) (35) (43) (64)
Fair value changes on hedging instruments 358 (47) 504 (111)
Fair value changes on hedged debt (339) 40 (475) 102
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 (44) (106) (92) (202)
Fair value changes on hedging instruments 235 (26) 564 (269)
Fair value changes on hedged debt (219) 17 (543) 237
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member]        
Derivative [Line Items]        
Gain/(Loss) Recognized in Income (69) 126 (9) 195
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | Nonoperating Income (Expense) [Member]        
Derivative [Line Items]        
Gain/(Loss) Recognized in Income (125) 45 (135) 137
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | Cost of Sales        
Derivative [Line Items]        
Gain/(Loss) Recognized in Income 56 81 126 58
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]        
Derivative [Line Items]        
Gain/(Loss) Recognized in Income 11 9 22 (11)
Not Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member]        
Derivative [Line Items]        
Gain/(Loss) Recognized in Income 246 (30) 348 (196)
Not Designated as Hedging Instrument [Member] | Interest rate contracts [Member]        
Derivative [Line Items]        
Gain/(Loss) Recognized in Income $ (18) $ 3 $ (63) $ 51
v3.25.2
Balance Sheet Effect of Derivative Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Derivative [Line Items]    
Derivative, Notional Amount $ 159,599 $ 145,157
Derivative Liability, Current 700 1,000
Derivative Liability, Noncurrent 700 900
Held collateral 38 27
Posted collateral 125 127
Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member] | Cash Flow Hedging [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 17,900 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 19,563 16,194
Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Cash Flow Hedging [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 966 959
Not Designated as Hedging Instrument [Member] | Foreign currency exchange contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 26,220 20,799
Not Designated as Hedging Instrument [Member] | Cross-currency interest rate swap contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 5,325 5,455
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 84,941 76,977
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 882 944
Fair Value, Recurring    
Derivative [Line Items]    
Derivative Asset, Current 544 869
Derivative Asset, Noncurrent 1,380 559
Derivative Asset 1,924 1,428
Derivative Liability, Current 1,017 1,311
Derivative Liability, Noncurrent 734 923
Derivative Liability 1,751 2,234
Fair Value, Recurring | Level 2 [Member]    
Derivative [Line Items]    
Fair Value of Assets 1,924 1,428
Fair Value of Liabilities 1,751 2,234
Counterparty Netting, Assets Not Offset 1,067 780
Counterparty Netting, Liabilities Not Offset 1,067 780
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 75 578
Fair Value of Liabilities 245 123
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 381 9
Fair Value of Liabilities 0 139
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 457 66
Fair Value of Liabilities 309 645
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 19 22
Fair Value of Liabilities 9 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 291 301
Fair Value of Liabilities 315 192
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 352 133
Fair Value of Liabilities 49 246
Fair Value, Recurring | Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Fair Value of Assets 330 305
Fair Value of Liabilities 804 845
Fair Value, Recurring | Level 2 [Member] | Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]    
Derivative [Line Items]    
Fair Value of Assets 19 14
Fair Value of Liabilities $ 20 $ 31
v3.25.2
Employee Separation Actions and Exit and Disposal Activities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Reserve        
Restructuring Incurred Cost Statement of Income or Comprehensive Income     $ 133 $ 853
Restructuring and Related Cost, Expected Cost $ 500   500  
Operating Segments | Company excluding Ford Credit        
Restructuring Reserve        
Beginning balance 999 $ 1,466 1,098 1,086
Changes in accruals (a) 51 195 98 789
Payments (67) (315) (245) (503)
Foreign currency translation and other 67 (13) 99 (39)
Ending balance 1,050 1,333 1,050 1,333
Pension Costs        
Restructuring Reserve        
Restructuring Charges $ 11 $ 50 $ 35 $ 64
v3.25.2
Acquisitions and Divestitures (Details) - USD ($)
$ in Millions
Jun. 30, 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 $ 23,250 $ 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
v3.25.2
Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Derivative instruments [Abstract]          
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months     $ (136)    
Pension and other postretirement benefits          
Total AOCI ending balance at June 30 $ (8,242)   (8,242)   $ (9,639)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest     (1) $ (1)  
Parent Company [Member]          
Foreign currency transaction [Abstract]          
Beginning balance (6,378) $ (5,557) (6,899) (5,443)  
Gains/(Losses) on foreign currency translation 1,229 (496) 1,726 (614)  
Less: Tax/(Tax benefit) (a) (44) 23 (72) 19  
Net gains/(losses) on foreign currency translation 1,273 (519) 1,798 (633)  
(Gains)/Losses reclassified from AOCI to income 0 (1) (4) (1)  
Other comprehensive income/(loss), net of tax (c) 1,273 (520) 1,794 (634)  
Ending balance (5,105) (6,077) (5,105) (6,077)  
Marketable securities [Abstract]          
Beginning balance 17 (178) (50) (170)  
Gains/(Losses) on available for sale securities 51 30 139 15  
Less: Tax/(Tax benefit) 13 5 32 3  
Net gains/(losses) on available for sale securities 38 25 107 12  
(Gains)/Losses reclassified from AOCI to net income (3) 5 (5) 11  
Less: Tax/(Tax benefit) (1) 2 (1) 3  
Net (gains)/losses reclassified from AOCI to net income (b) (2) 3 (4) 8  
Other comprehensive income/(loss), net of tax 36 28 103 20  
Ending balance 53 (150) 53 (150)  
Derivative instruments [Abstract]          
Beginning balance 148 (126) 277 (331)  
Gains/(losses) on derivative instruments (515) 103 (597) 359  
Less: Tax/(tax benefit) (120) 24 (139) 84  
Net gains/(losses) on derivative instruments (395) 79 (458) 275  
(Gains)/Losses reclassified from AOCI to net income (20) (47) (105) (35)  
Less: Tax/(tax benefit) (5) (11) (24) (8)  
Net (gains)/losses reclassified to AOCI from net income (15) (36) (81) (27)  
Other comprehensive income/(loss), net of tax (410) 43 (539) 248  
Ending balance (262) (83) (262) (83)  
Pension and other postretirement benefits          
Beginning balance (2,945) (3,071) (2,967) (3,098)  
Amortization of prior service costs/(credits) 30 33 60 64  
Less: Tax/(Tax benefit) 8 7 15 15  
Net prior service costs/(credits) reclassified from AOCI to net income 22 26 45 49  
Translation impact on non-U.S. plans (5) (2) (6) 2  
Other comprehensive income/(loss), net of tax 17 24 39 51  
Ending balance (2,928) (3,047) (2,928) (3,047)  
Total AOCI ending balance at June 30 $ (8,242) $ (9,357) $ (8,242) $ (9,357)  
v3.25.2
Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Jul. 13, 2022
Variable Interest Entity [Line Items]          
Proceeds from Equity Method Investment, Distribution, Return of Capital   $ 1,700 $ 16    
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 6 months      
Proceeds from Equity Method Investment, Distribution, Return of Capital $ 1,700        
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures   $ 2,600      
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  
v3.25.2
Commitments and Contingencies (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Guarantor Obligations [Line Items]        
Changes in accrual related to pre-existing warranties   $ 1,586 $ 1,438  
Warranty [Abstract]        
Beginning balance   14,032 11,504  
Payments made during the period   (2,801) (2,862)  
Changes in accrual related to warranties issued during the period   3,351 2,671  
Changes in accrual related to pre-existing warranties   1,586 1,438  
Foreign currency translation and other   69 (198)  
Ending balance $ 16,237 16,237 $ 12,553  
Field Service Action - Fuel Injector [Domain]        
Guarantor Obligations [Line Items]        
Changes in accrual related to pre-existing warranties 571      
Warranty [Abstract]        
Changes in accrual related to pre-existing warranties 571      
Litigation and Claims        
Guarantor Obligations [Line Items]        
Loss contingency estimate 600 600    
Field Service Actions and Customer Satisfaction Actions        
Guarantor Obligations [Line Items]        
Loss contingency estimate 1,700 1,700    
Financial Guarantee [Member]        
Guarantor Obligations [Line Items]        
Maximum potential payments 5,400 5,400   $ 5,300
Carrying value of recorded liabilities related to guarantees and limited indemnities $ 109 $ 109   $ 144
v3.25.2
Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Segment Information          
External Revenues $ 50,184 $ 47,808 $ 90,843 $ 90,585  
Intersegment Revenues 0 0 0 0  
Total Revenues 50,184 47,808 90,843 90,585  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 541 2,438 1,162 4,050  
Depreciation, Depletion and Amortization 1,899 1,914 3,747 3,795  
Investment-related interest income 368 367 719 777  
Income (Loss) from Equity Method Investments (250) 197 (156) 364  
Payments to Acquire Productive Assets 2,088 2,100 3,906 4,194  
Assets 292,725 276,586 292,725 276,586 $ 285,196
Ford Credit          
Segment Information          
External Revenues 3,241 2,997 6,478 5,884  
Operating Segments          
Segment Information          
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2,295 2,922 3,431 5,828  
Operating Segments | Ford Blue          
Segment Information          
External Revenues 25,784 26,670 46,781 48,424  
Intersegment Revenues 13,527 11,306 24,132 23,047  
Total Revenues 39,311 37,976 70,913 71,471  
Segment Reporting, Other Segment Item, Amount 38,650 36,809 70,156 69,403  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 661 1,167 757 2,068  
Depreciation, Depletion and Amortization 764 754 1,493 1,479  
Investment-related interest income 50 41 98 77  
Income (Loss) from Equity Method Investments 52 95 114 156  
Payments to Acquire Productive Assets 1,063 1,051 2,050 2,100  
Assets 64,141 59,907 64,141 59,907  
PaymentsTo Acquire Productive Assets, Spending Attributable To Electric Vehicles 195 248 358 471  
Operating Segments | Ford Model e          
Segment Information          
External Revenues 2,357 1,150 3,599 1,266  
Intersegment Revenues 192 112 308 133  
Total Revenues 2,549 1,262 3,907 1,399  
Segment Reporting, Other Segment Item, Amount 3,878 2,412 6,085 3,876  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (1,329) (1,150) (2,178) (2,477)  
Depreciation, Depletion and Amortization 154 152 292 295  
Investment-related interest income 1 0 2 1  
Income (Loss) from Equity Method Investments (17) (20) (37) (39)  
Payments to Acquire Productive Assets 952 973 1,713 1,948  
Assets 16,304 16,861 16,304 16,861  
Operating Segments | Ford Pro          
Segment Information          
External Revenues 18,797 16,988 33,978 35,007  
Intersegment Revenues 0 0 0 0  
Total Revenues 18,797 16,988 33,978 35,007  
Segment Reporting, Other Segment Item, Amount 16,479 14,426 30,351 29,439  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2,318 2,562 3,627 5,568  
Depreciation, Depletion and Amortization 349 356 697 716  
Investment-related interest income 15 13 30 24  
Income (Loss) from Equity Method Investments 96 111 136 228  
Payments to Acquire Productive Assets 16 8 23 17  
Assets 4,566 3,287 4,566 3,287  
Operating Segments | Ford Credit          
Segment Information          
External Revenues 3,241 2,997 6,478 5,884  
Intersegment Revenues 0 0 0 0  
Total Revenues 3,241 2,997 6,478 5,884  
Segment Reporting, Other Segment Item, Amount 2,596 2,654 5,253 5,215  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 645 343 1,225 669  
Depreciation, Depletion and Amortization 615 623 1,233 1,245  
Investment-related interest income 91 122 182 267  
Income (Loss) from Equity Method Investments 13 10 23 18  
Payments to Acquire Productive Assets 34 22 62 43  
Interest Expense, Operating and Nonoperating 1,759 1,897 3,549 3,745  
Assets 157,804 150,159 157,804 150,159  
Operating Segments | Ford Model e and Ford Blue          
Segment Information          
PaymentsTo Acquire Productive Assets, Spending Attributable To Electric Vehicles 1,147 1,221 2,071 2,419  
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]          
Segment Information          
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (155) (165) (272) (308)  
Intersegment Eliminations          
Segment Information          
External Revenues 5 3 7 4  
Intersegment Revenues (13,719) (11,418) (24,440) (23,180)  
Total Revenues (13,714) (11,415) (24,433) (23,176)  
Depreciation, Depletion and Amortization 17 29 32 60  
Investment-related interest income 211 191 407 408  
Income (Loss) from Equity Method Investments (394) 1 (392) 1  
Payments to Acquire Productive Assets 23 46 58 86  
Assets 49,910 46,372 49,910 46,372  
Interest on Debt [Domain] | Adjustments          
Segment Information          
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (297) (270) (585) (548)  
Special Items [Member] | Adjustments          
Segment Information          
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ (1,302) $ (49) $ (1,412) $ (922)