v3.25.1
Ford Credit Finance Receivables (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Ford Credit finance receivables, net were as follows (in millions):
 December 31,
2024		March 31,
2025
Consumer  
Retail installment contracts, gross$79,459 $78,157 
Finance leases, gross8,357 8,841 
Retail financing, gross87,816 86,998 
Unearned interest supplements(4,598)(4,469)
Consumer finance receivables83,218 82,529 
Non-Consumer 
Dealer financing29,282 25,398 
Non-Consumer finance receivables29,282 25,398 
Total recorded investment$112,500 $107,927 
Recorded investment in finance receivables$112,500 $107,927 
Allowance for credit losses(864)(881)
Total finance receivables, net$111,636 $107,046 
Current portion$51,850 $47,997 
Non-current portion59,786 59,049 
Total finance receivables, net$111,636 $107,046 
Net finance receivables subject to fair value (a)$103,755 $98,721 
Fair value (b)103,231 98,676 
__________
(a)Net finance receivables subject to fair value exclude finance leases.
(b)The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy.
Financing Receivable, Past Due
The credit quality analysis of consumer receivables at December 31, 2024 and gross charge-offs during the year ended December 31, 2024 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202020202021202220232024TotalPercent
Consumer
31 - 60 days past due$43 $93 $104 $187 $242 $203 $872 1.0 %
Greater than 60 days past due15 27 35 57 82 59 275 0.4 
Total past due58 120 139 244 324 262 1,147 1.4 
Current788 3,162 5,458 12,275 24,153 36,235 82,071 98.6 
Total$846 $3,282 $5,597 $12,519 $24,477 $36,497 $83,218 100.0 %
Gross charge-offs$46 $58 $71 $152 $191 $50 $568 

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

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

First Quarter 2025
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$860 $4 $864 
Charge-offs(166)(1)(167)
Recoveries40 — 40 
Provision for credit losses135 5 140 
Other (a)3 1 4 
Ending balance$872 $9 $881 
__________
(a)    Primarily represents amounts related to foreign currency translation adjustments.