December 31, 2013 | December 31, 2012 | ||||||
Automotive Sector | |||||||
Vehicles, net of depreciation | $ | 1,384 | $ | 1,415 | |||
Financial Services Sector | |||||||
Vehicles and other equipment, at cost (a) | 21,738 | 16,258 | |||||
Accumulated depreciation | (3,115 | ) | (2,347 | ) | |||
Allowance for credit losses | (23 | ) | (23 | ) | |||
Total Financial Services sector | 18,600 | 13,888 | |||||
Total Company | $ | 19,984 | $ | 15,303 | |||
(a) | Includes Ford Credit’s operating lease assets of $8.1 billion and $6.3 billion at December 31, 2013 and 2012, respectively, for which the related cash flows have been used to secure certain lease securitization transactions. Cash flows associated with the net investment in operating leases are available only for payment of the debt or other obligations issued or arising in the securitization transactions; they are not available to pay other obligations or the claims of other creditors. |