v3.26.3
FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Ford Credit finance receivables, net were as follows (in millions):
December 31,
2025		September 30,
2026
Consumer
Retail installment contracts, gross$80,467 $77,788 
Finance leases, gross9,274 8,945 
Retail financing, gross89,741 86,733 
Unearned interest supplements(4,486)(3,866)
Consumer finance receivables85,255 82,867 
Non-Consumer
Dealer financing26,235 23,982 
Non-Consumer finance receivables26,235 23,982 
Total recorded investment$111,490 $106,849 
Recorded investment in finance receivables$111,490 $106,849 
Allowance for credit losses(911)(984)
Total finance receivables, net$110,579 $105,865 
Current portion$49,130 $46,163 
Non-current portion61,449 59,702 
Total finance receivables, net$110,579 $105,865 
Net finance receivables subject to fair value (a)$101,822 $97,465 
Fair value (b)102,499 96,851 
__________
(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.
Schedule of Credit Quality
The credit quality analysis of consumer receivables at December 31, 2025 and gross charge-offs during the year ended December 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202120212022202320242025TotalPercent
Consumer
31 - 60 days past due$61 $65 $139 $228 $275 $166 $934 1.1%
Greater than 60 days past due21 24 51 75 89 60 320 0.4 
Total past due82 89 190 303 364 226 1,254 1.5 
Current1,139 2,206 6,290 15,071 26,716 32,579 84,001 98.5 
Total$1,221 $2,295 $6,480 $15,374 $27,080 $32,805 $85,255 100.0%
Gross charge-offs$54 $54 $124 $187 $205 $42 $666 

The credit quality analysis of consumer receivables at September 30, 2026 and gross charge-offs during the first nine months of 2026 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202220222023202420252026TotalPercent
Consumer
31 - 60 days past due$60 $93 $172 $234 $213 $100 $872 1.0%
Greater than 60 days past due24 34 60 82 77 35 312 0.4 
Total past due84 127 232 316 290 135 1,184 1.4 
Current1,184 3,292 9,077 19,391 25,891 22,848 81,683 98.6 
Total$1,268 $3,419 $9,309 $19,707 $26,181 $22,983 $82,867 100.0%
Gross charge-offs$44 $67 $120 $167 $123 $17 $538 
Schedule of Credit Quality Analysis
The credit quality analysis of dealer financing receivables at December 31, 2025 and gross charge-offs during the year ended December 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202120212022202320242025TotalTotalPercent
Group I$269 $68 $31 $149 $78 $268 $863 $20,608 $21,471 81.8%
Group II25 8 4 33 46 44 160 3,979 4,139 15.8 
Group III1 — — 2 1 11 15 584 599 2.3 
Group IV— — — — — 2 2 24 26 0.1 
Total (a)$295 $76 $35 $184 $125 $325 $1,040 $25,195 $26,235 100.0%
Gross charge-offs$— $— $— $1 $— $— $1 $10 $11 
__________
(a)Total past due dealer financing receivables at December 31, 2025 were $8 million.

The credit quality analysis of dealer financing receivables at September 30, 2026 and gross charge-offs during the first nine months of 2026 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202220222023202420252026TotalTotalPercent
Group I$262 $28 $152 $78 $161 $249 $930 $18,972 $19,902 83.0%
Group II45 2 12 47 23 27 156 3,215 3,371 14.0 
Group III6 — — — 2 6 14 672 686 2.9 
Group IV— — — 1 1 — 2 21 23 0.1 
Total (a)$313 $30 $164 $126 $187 $282 $1,102 $22,880 $23,982 100.0%
Gross charge-offs$— $— $— $— $— $— $— $14 $14 
__________
(a)Total past due dealer financing receivables at September 30, 2026 were $7 million.
Schedule of Allowance for Credit Losses
An analysis of the allowance for credit losses related to finance receivables for the periods ended September 30 was as follows (in millions):
Third Quarter 2025First Nine Months 2025
ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$885 $5 $890 $860 $4 $864 
Charge-offs(177)1 (176)(490)(13)(503)
Recoveries48 — 48 133 — 133 
Provision for credit losses134 1 135 374 15 389 
Other (a)— — — 13 1 14 
Ending balance$890 $7 $897 $890 $7 $897 

Third Quarter 2026First Nine Months 2026
ConsumerNon-ConsumerTotalConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$953 $15 $968 $902 $9 $911 
Charge-offs(180)(9)(189)(538)(14)(552)
Recoveries45 — 45 139 5 144 
Provision for credit losses169 4 173 485 10 495 
Other (a)(13)— (13)(14)— (14)
Ending balance$974 $10 $984 $974 $10 $984 
__________
(a)    Includes gains/(losses) on unguaranteed residuals on retail balloon and finance lease receivables as well as amounts related to foreign currency translation adjustments.