Rendering

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2372301 - Disclosure - Debt And Commitments (Tables)
(http://www.ford.com/role/DebtAndCommitmentsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Debt Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Debt Disclosure [Abstract]
 
Schedule of debt outstanding [Table Text Block]
The carrying value of Automotive and Financial Services debt at December 31 was as follows (in millions):
 
 
 
 
 
Interest Rates
 
 
 
 
 
 
Average Contractual
 
 Average Effective (a)
 
Automotive Segment
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
Debt payable within one year
 
 
 
 
 
 
 
 
 
 
 
 
Short-term
$
818

 
$
1,324

 
7.3
%
 
10.3
%
 
7.3
%
 
10.3
%
 
Long-term payable within one year
 

 
 

 
 
 
 
 
 
 
 
 
U.S. Department of Energy (“DOE”) Advanced Technology Vehicles Manufacturing (“ATVM”) Incentive Program
591

 
591

 
 
 
 
 
 
 
 
 
Other debt
370

 
827

 
 
 
 
 
 
 
 
 
Unamortized (discount)/premium

 
(57
)
 
 
 
 
 
 
 
 
 
Total debt payable within one year
1,779

 
2,685

 
 
 
 
 
 
 
 
 
Long-term debt payable after one year
 

 
 

 
 
 
 
 
 
 
 
 
Public unsecured debt securities
6,594

 
9,394

 
 
 
 
 
 
 
 
 
DOE ATVM Incentive Program
3,242

 
2,651

 
 
 
 
 
 
 
 
 
Other debt
1,696

 
1,573

 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized (discount)/premium
(412
)
 
(320
)
 
 
 
 
 
 
 
 
 
Unamortized issuance costs
(60
)
 
(76
)
 
 
 
 
 
 
 
 
 
Total long-term debt payable after one year
11,060

 
13,222

 
5.3
%
(b)
5.5
%
(b)
6.0
%
(b)
6.2
%
(b)
Total Automotive Segment
$
12,839

 
$
15,907

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of Automotive Segment debt (c)
$
14,199

 
$
17,433

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Services Segment
 

 
 

 
 
 
 
 
 
 
 
 
Debt payable within one year
 

 
 

 
 
 
 
 
 
 
 
 
Short-term
$
12,123

 
$
15,330

 
1.6
%
 
2.3
%
 
1.6
%
 
2.3
%
 
Long-term payable within one year
 

 
 

 
 
 
 
 
 
 
 
 
Unsecured debt
10,241

 
12,369

 
 
 
 
 
 
 
 
 
Asset-backed debt
18,855

 
19,286

 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized (discount)/premium
(5
)
 
(2
)
 
 
 
 
 
 
 
 
 
Unamortized issuance costs
(18
)
 
(16
)
 
 
 
 
 
 
 
 
 
Fair value adjustments (d)

 
17

 
 
 
 
 
 
 
 
 
Total debt payable within one year
41,196

 
46,984

 
 
 
 
 
 
 
 
 
Long-term debt payable after one year
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured debt
49,193

 
49,912

 
 
 
 
 
 
 
 
 
Asset-backed debt
29,390

 
30,112

 
 
 
 
 
 
 
 
 
Adjustments
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized (discount)/premium
(24
)
 
(9
)
 
 
 
 
 
 
 
 
 
Unamortized issuance costs
(198
)
 
(197
)
 
 
 
 
 
 
 
 
 
Fair value adjustments (d)
458

 
261

 
 
 
 
 
 
 
 
 
Total long-term debt payable after one year
78,819

 
80,079

 
2.3
%
(b)
2.4
%
(b)
2.4
%
(b)
2.5
%
(b)
Total Financial Services Segment
$
120,015

 
$
127,063

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of Financial Services Segment debt (c)
$
121,170

 
$
128,777

 
 
 
 
 
 
 
 
 
__________
(a)
Average effective rates reflect the average contractual interest rate plus amortization of discounts, premiums, and issuance costs.
(b)
Includes interest on long-term debt payable within one year and after one year.
(c)
The fair value of debt includes $560 million and $1.1 billion of Automotive short-term debt and $10.3 billion and $14.3 billion of Financial Services short-term debt at December 31, 2015 and 2016, respectively, carried at cost which approximates fair value. All debt is categorized within Level 2 of the fair value hierarchy.
(d)
Adjustments related to designated fair value hedges of unsecured debt.
Our public, unsecured debt securities outstanding at December 31 were as follows (in millions):
 
Aggregate Principal Amount Outstanding
Title of Security
2015
 
2016
6 1/2% Debentures due August 1, 2018
$
361

 
$
361

8 7/8% Debentures due January 15, 2022
86

 
86

7 1/8% Debentures due November 15, 2025
209

 
209

7 1/2% Debentures due August 1, 2026
193

 
193

6 5/8% Debentures due February 15, 2028
104

 
104

6 5/8% Debentures due October 1, 2028 (a) 
638

 
638

6 3/8% Debentures due February 1, 2029 (a) 
260

 
260

7.45% GLOBLS due July 16, 2031 (a) 
1,794

 
1,794

8.900% Debentures due January 15, 2032
151

 
151

9.95% Debentures due February 15, 2032
4

 
4

7.75% Debentures due June 15, 2043
73

 
73

7.40% Debentures due November 1, 2046
398

 
398

9.980% Debentures due February 15, 2047
181

 
181

7.70% Debentures due May 15, 2097
142

 
142

4.346% Notes due December 8, 2026

 
1,500

5.291% Notes due December 8, 2046

 
1,300

4.75% Notes due January 15, 2043
2,000

 
2,000

Total public unsecured debt securities (b)
$
6,594


$
9,394

__________
(a)
Listed on the Luxembourg Exchange and on the Singapore Exchange.
(b)
Excludes 9.215% Debentures due September 15, 2021 with an outstanding balance at December 31, 2016 of $180 million. The proceeds from these securities were on-lent by Ford to Ford Holdings to fund Financial Services activity and are reported as Financial Services long-term debt.
 
 
Schedule of Maturities of Long-term Debt [Table Text Block]
Debt maturities at December 31, 2016 were as follows (in millions):
 
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
 
Adjustments
 
Total Debt Maturities
Automotive Segment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Public unsecured debt securities
$

 
$
361

 
$

 
$

 
$

 
$
9,033

 
$
(211
)
 
$
9,183

DOE ATVM Incentive Program
591

 
591

 
591

 
591

 
591

 
287

 

 
3,242

Short-term and other debt (a)
2,151

 
558

 
240

 
362

 
153

 
260

 
(242
)
 
3,482

Total
$
2,742

 
$
1,510

 
$
831

 
$
953

 
$
744

 
$
9,580

 
$
(453
)
 
$
15,907

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Services Segment
 

 
 

 
 

 
 

 
 

 
 

 
 
 
 

Unsecured debt
$
26,636

 
$
12,374

 
$
11,135

 
$
6,972

 
$
9,305

 
$
10,126

 
$
116

 
$
76,664

Asset-backed debt
20,349

 
12,129

 
9,725

 
4,909

 
2,299

 
1,050

 
(62
)
 
50,399

Total
$
46,985

 
$
24,503

 
$
20,860

 
$
11,881

 
$
11,604

 
$
11,176

 
$
54

 
$
127,063

__________
(a)
Primarily non-U.S. affiliate debt.

 
 
Assets And Liabilities Related To Secured Debt Arrangements Disclosure Text Block
The assets and liabilities related to our asset-backed debt arrangements included on our financial statements at December 31 were as follows (in billions):
 
2015
 
2016
Assets
 
 
 
Cash and cash equivalents
$
4.3

 
$
3.4

Finance receivables, net
53.6

 
58.3

Net investment in operating leases
13.3

 
11.8

 
 
 
 
Liabilities
 
 
 
Debt (a)
$
50.0

 
$
50.4


__________
(a)
Debt is net of unamortized discount and issuance costs.