2019 Q1 Form 10-K Financial Statement

#000003799620000010 Filed on February 05, 2020

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $40.34B $41.79B $37.67B
YoY Change -3.85% 1.13% 3.33%
Cost Of Revenue $33.94B $38.17B $31.57B
YoY Change -5.07% 2.12% 4.27%
Gross Profit $6.400B $3.628B $6.098B
YoY Change 3.13% -8.27% -1.26%
Gross Profit Margin 15.86% 8.68% 16.19%
Selling, General & Admin $2.843B $2.996B $2.882B
YoY Change 3.49% -2.98% -1.27%
% of Gross Profit 44.42% 82.58% 47.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.429B
YoY Change
% of Gross Profit 37.95%
Operating Expenses $2.843B $2.996B $2.882B
YoY Change 3.49% -2.98% -1.27%
Operating Profit $1.202B $632.0M $864.0M
YoY Change -65.25% -27.1% -73.47%
Interest Expense $33.00M -$257.0M -$301.0M
YoY Change -75.56% -370.53% -205.99%
% of Operating Profit 2.75% -40.66% -34.84%
Other Income/Expense, Net $628.0M -$392.0M $605.0M
YoY Change -27.23% -143.08% -19.76%
Pretax Income $1.610B -$17.00M $1.094B
YoY Change -16.1% -100.91% -38.19%
Income Tax $427.0M $218.0M $101.0M
% Of Pretax Income 26.52% 9.23%
Net Earnings $1.183B -$116.0M $993.0M
YoY Change -32.21% -104.6% -37.11%
Net Earnings / Revenue 2.93% -0.28% 2.64%
Basic Earnings Per Share $0.29 $0.25
Diluted Earnings Per Share $0.29 -$29.23K $0.25
COMMON SHARES
Basic Shares Outstanding 3.973B shares 3.976B shares
Diluted Shares Outstanding 3.997B shares 4.000B shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.73B $33.95B $36.34B
YoY Change -5.84% -12.78% -4.57%
Cash & Equivalents $20.85B $16.72B $18.56B
Short-Term Investments $16.88B $17.23B $17.78B
Other Short-Term Assets $3.922B $3.930B $3.629B
YoY Change 4.42% 1.05% 1.65%
Inventory $12.33B $11.22B $12.81B
Prepaid Expenses
Receivables $12.02B $11.20B $11.24B
Other Receivables $55.44B $54.35B $50.82B
Total Short-Term Assets $121.2B $114.6B $114.8B
YoY Change -1.68% -1.84% 1.87%
LONG-TERM ASSETS
Property, Plant & Equipment $36.15B $36.18B $35.76B
YoY Change 0.07% 2.41% 2.88%
Goodwill $264.0M $264.0M $273.0M
YoY Change -3.65% 252.0%
Intangibles
YoY Change
Long-Term Investments $2.605B $2.709B $2.858B
YoY Change -18.92% -12.19% -14.53%
Other Assets $9.253B $7.929B $8.367B
YoY Change 8.27% -2.16% 18.83%
Total Long-Term Assets $142.1B $141.9B $144.1B
YoY Change -1.31% 0.14% 3.6%
TOTAL ASSETS
Total Short-Term Assets $121.2B $114.6B $114.8B
Total Long-Term Assets $142.1B $141.9B $144.1B
Total Assets $263.3B $256.5B $259.0B
YoY Change -1.48% -0.76% 2.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.33B $21.52B $23.27B
YoY Change -8.46% -7.57% -1.24%
Accrued Expenses $3.304B $3.286B $2.944B
YoY Change 15.73% -0.27% -6.98%
Deferred Revenue
YoY Change
Short-Term Debt $15.84B $15.32B $16.83B
YoY Change -11.34% -69.15% -12.37%
Long-Term Debt Due $38.71B $38.17B $33.93B
YoY Change 10.23% 1847.65% 6.15%
Total Short-Term Liabilities $99.24B $95.57B $94.75B
YoY Change -0.64% 1.02% 0.42%
LONG-TERM LIABILITIES
Long-Term Debt $102.6B $600.0M $102.7B
YoY Change -2.6% -99.42% 4.83%
Other Long-Term Liabilities $24.22B $23.59B $24.23B
YoY Change -2.53% -4.54% -2.38%
Total Long-Term Liabilities $24.22B $24.19B $24.23B
YoY Change -2.53% -2.12% -2.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.24B $95.57B $94.75B
Total Long-Term Liabilities $24.22B $24.19B $24.23B
Total Liabilities $226.7B $220.5B $222.2B
YoY Change -1.73% -1.04% 1.99%
SHAREHOLDERS EQUITY
Retained Earnings $22.68B $22.67B $23.38B
YoY Change 0.67% 3.48% 20.51%
Common Stock $22.03B $22.01B $22.01B
YoY Change 0.85% 0.75% 0.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.394B $1.417B $1.417B
YoY Change 3.87% 13.09% 13.09%
Treasury Stock Shares
Shareholders Equity $36.40B $35.93B $36.59B
YoY Change
Total Liabilities & Shareholders Equity $263.3B $256.5B $259.0B
YoY Change -1.48% -0.76% 3.06%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $1.183B -$116.0M $993.0M
YoY Change -32.21% -104.6% -37.11%
Depreciation, Depletion And Amortization $2.429B
YoY Change
Cash From Operating Activities $3.544B $1.357B $5.179B
YoY Change 0.85% -56.88% 3.62%
INVESTING ACTIVITIES
Capital Expenditures -$1.633B -$2.116B -$1.981B
YoY Change -8.21% 0.14% 18.48%
Acquisitions
YoY Change
Other Investing Activities -$54.00M -$1.550B -$1.592B
YoY Change -136.0% -67.17% -20.04%
Cash From Investing Activities -$1.334B -$3.666B -$3.573B
YoY Change -79.61% -46.36% -2.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $13.28B
YoY Change 7.42%
Cash From Financing Activities $1.873B 526.0M 144.0M
YoY Change -22.41% -88.46% -213.39%
NET CHANGE
Cash From Operating Activities $3.544B 1.357B 5.179B
Cash From Investing Activities -$1.334B -3.666B -3.573B
Cash From Financing Activities $1.873B 526.0M 144.0M
Net Change In Cash $4.112B -1.783B 1.750B
YoY Change -920.76% -304.71% 44.87%
FREE CASH FLOW
Cash From Operating Activities $3.544B $1.357B $5.179B
Capital Expenditures -$1.633B -$2.116B -$1.981B
Free Cash Flow $5.177B $3.473B $7.160B
YoY Change -2.19% -33.97% 7.35%

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151895000000 USD
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
157135000000 USD
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
155326000000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
4881000000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
3203000000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
574000000 USD
CY2017 us-gaap Interest Expense Debt
InterestExpenseDebt
57000000 USD
CY2018 us-gaap Interest Expense Debt
InterestExpenseDebt
57000000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
57000000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3267000000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2247000000 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-226000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1201000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-407000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-362000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
7809000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3288000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-278000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
24000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
18000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
37000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7785000000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
123000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4345000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-689000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-37000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
56000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-23000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
52000000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
32000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8159000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-640000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
402000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
650000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-724000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
7757000000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
3695000000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
84000000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26000000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18000000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
37000000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7731000000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3677000000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
47000000 USD
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.94
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.93
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3975000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3974000000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3972000000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3998000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3998000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4004000000 shares
CY2017 us-gaap Profit Loss
ProfitLoss
7757000000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
3695000000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
84000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
314000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-523000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
174000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-34000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-11000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
130000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-265000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
183000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3270000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-315000000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16718000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17504000000 USD
CY2018Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
17233000000 USD
CY2019Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
17147000000 USD
CY2018Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
54353000000 USD
CY2019Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
53651000000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11195000000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9237000000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
11220000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
10786000000 USD
CY2018Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 USD
CY2019Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
2383000000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3930000000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3339000000 USD
CY2018Q4 us-gaap Assets Current
AssetsCurrent
114649000000 USD
CY2019Q4 us-gaap Assets Current
AssetsCurrent
114047000000 USD
CY2018Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
55544000000 USD
CY2019Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
53703000000 USD
CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
29119000000 USD
CY2019Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
29230000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36178000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36469000000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2709000000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2519000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
10412000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
11863000000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7929000000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10706000000 USD
CY2018Q4 us-gaap Assets
Assets
256540000000 USD
CY2019Q4 us-gaap Assets
Assets
258537000000 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
21520000000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
20673000000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
20556000000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
22987000000 USD
CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent
0 USD
CY2019Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent
526000000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
95569000000 USD
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
98132000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23588000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
25324000000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
600000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
470000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
597000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
490000000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
220474000000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
225307000000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
100000000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 USD
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
22006000000 USD
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
22165000000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
22668000000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
20320000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7366000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7728000000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1417000000 USD
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1613000000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
35932000000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
33185000000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
34000000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
45000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35966000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33230000000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
256540000000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
258537000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29746000000 USD
CY2017Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
572000000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
7757000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
52000000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
207000000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
133000000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11000000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2595000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35606000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35606000000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
3695000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-407000000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
163000000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
164000000 USD
CY2019 f Average Turnover Periodof Trade Receivables
AverageTurnoverPeriodofTradeReceivables
P30D
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
12000000 USD
CY2018 us-gaap Dividends
Dividends
2927000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35966000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35966000000 USD
CY2019Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
13000000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
84000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-362000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
159000000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
222000000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
CY2019 us-gaap Dividends
Dividends
2408000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33230000000 USD
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.65
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.73
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The preparation of financial statements requires us to make estimates and assumptions that affect our results. Estimates are used to account for certain items such as marketing accruals, warranty costs, employee benefit programs, etc.  Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ.</span></div>
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
307000000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-121000000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
108000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
178000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
188000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
264000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
278000000 USD
CY2019 f Term At Which Fair Valueof Finance Receivablesis Measured
TermAtWhichFairValueofFinanceReceivablesisMeasured
P120D
CY2019 us-gaap Revenue Recognition Revenue Reductions
RevenueRecognitionRevenueReductions
<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">Finance and Lease Incentives</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><span style="font-family:Arial;font-size:10pt;">We routinely sponsor special retail financing and lease incentives to dealers’ customers who choose to finance or lease Ford or Lincoln vehicles with Ford Credit. The cost for these incentives is included in our estimate of variable consideration when the vehicle is sold to the dealer. Ford Credit records a reduction to the finance receivable or reduces the cost of the vehicle operating lease when it records the underlying finance contract and we transfer to Ford Credit the amount of the incentive on behalf of the dealer’s customer. See Note </span><span style="font-family:Arial;font-size:10pt;">1</span> for additional information regarding transactions between Automotive and Ford Credit.
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8000000000.0 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8200000000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7400000000 USD
CY2017 us-gaap Advertising Expense
AdvertisingExpense
4100000000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
4000000000.0 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
3600000000 USD
CY2019Q1 us-gaap Other Assets Current
OtherAssetsCurrent
3922000000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9253000000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
10408000000 USD
CY2019Q1 f Other Liabilitiesand Deferred Revenue Current
OtherLiabilitiesandDeferredRevenueCurrent
20872000000 USD
CY2019Q1 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
24571000000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
22681000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
156776000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
160338000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
155900000000 USD
CY2019 us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Extended Service Contracts. </span><span style="font-family:Arial;font-size:10pt;">We sell separately priced service contracts that extend mechanical and maintenance coverages beyond our base warranty agreements to vehicle owners. The separately priced service contracts range from </span><span style="font-family:Arial;font-size:10pt;"><span>12</span></span><span style="font-family:Arial;font-size:10pt;"> to </span><span style="font-family:Arial;font-size:10pt;"><span>120 months</span></span><span style="font-family:Arial;font-size:10pt;">. We receive payment at contract inception and recognize revenue over the term of the agreement in proportion to the costs we expect to incur in satisfying the contract obligations. We had a balance of </span><span style="font-family:Arial;font-size:10pt;"><span>$3.8 billion</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$4 billion</span></span><span style="font-family:Arial;font-size:10pt;"> of unearned revenue associated with outstanding contracts reported in </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Other liabilities and deferred revenue </span><span style="font-family:Arial;font-size:10pt;">at </span><span style="font-family:Arial;font-size:10pt;">December 31, 2017</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. We recognized</span><span style="font-family:Arial;font-size:10pt;font-style:italic;"> </span><span style="font-family:Arial;font-size:10pt;"><span>$1.1 billion</span></span><span style="font-family:Arial;font-size:10pt;"> of the unearned amounts as revenue during each of the years ended </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2019</span><span style="font-family:Arial;font-size:10pt;">. At </span><span style="font-family:Arial;font-size:10pt;">December 31, 2019</span><span style="font-family:Arial;font-size:10pt;">, the unearned amount was </span><span style="font-family:Arial;font-size:10pt;"><span>$4.2 billion</span></span><span style="font-family:Arial;font-size:10pt;">. We expect to recognize approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$1.2 billion</span></span><span style="font-family:Arial;font-size:10pt;"> of the unearned amount in </span><span style="font-family:Arial;font-size:10pt;">2020</span><span style="font-family:Arial;font-size:10pt;">, </span><span style="font-family:Arial;font-size:10pt;"><span>$1.1 billion</span></span><span style="font-family:Arial;font-size:10pt;"> in </span><span style="font-family:Arial;font-size:10pt;">2021</span><span style="font-family:Arial;font-size:10pt;">, and </span><span style="font-family:Arial;font-size:10pt;"><span>$1.9 billion</span></span><span style="font-family:Arial;font-size:10pt;"> thereafter. </span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">We record a premium deficiency reserve to the extent we estimate the future costs associated with these contracts exceed the unrecognized revenue. Amounts paid to dealers to obtain these contracts are deferred and recorded as </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Other assets</span><span style="font-family:Arial;font-size:10pt;">. These costs are amortized to expense consistent with how the related revenue is recognized. We had a balance of </span><span style="font-family:Arial;font-size:10pt;"><span>$247 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$270 million</span></span><span style="font-family:Arial;font-size:10pt;"> in deferred costs as of </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2019</span><span style="font-family:Arial;font-size:10pt;">, respectively. We recognized </span><span style="font-family:Arial;font-size:10pt;"><span>$63 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:Arial;font-size:10pt;"><span>$73 million</span></span><span style="font-family:Arial;font-size:10pt;">, and </span><span style="font-family:Arial;font-size:10pt;"><span>$74 million</span></span><span style="font-family:Arial;font-size:10pt;"> of amortization during the years ended </span><span style="font-family:Arial;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, and </span><span style="font-family:Arial;font-size:10pt;">2019</span><span style="font-family:Arial;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Other Revenue. </span><span style="font-family:Arial;font-size:10pt;">Other revenue consists primarily of net commissions received for serving as the agent in facilitating the sale of a third party’s products or services to our customers, payments for vehicle-related design and testing services we perform for others, and revenue associated with various Mobility operations. We have applied the practical expedient to recognize </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Automotive revenues</span><span style="font-family:Arial;font-size:10pt;"> for vehicle-related design and testing services over the two to three year term of these agreements in proportion to the amount we have the right to invoice.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div>
CY2019 us-gaap Revenue Recognition Leases Operating
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<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leasing Income. </span><span style="font-family:Arial;font-size:10pt;">We sell vehicles to daily rental companies with an obligation to repurchase the vehicles for a guaranteed amount, exercisable at the option of the customer. The transactions are accounted for as operating leases. Upon the transfer of vehicles to the daily rental companies, we record proceeds received in </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Other liabilities and deferred revenue. </span><span style="font-family:Arial;font-size:10pt;">The difference between the proceeds received and the guaranteed repurchase amount is recorded in </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Automotive revenues </span><span style="font-family:Arial;font-size:10pt;">over the term of the lease using a straight-line method. The cost of the vehicle is recorded in </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Net investment in operating leases</span><span style="font-family:Arial;font-size:10pt;"> on our consolidated balance sheet and the difference between the cost of the vehicle and the estimated auction value is depreciated in </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Cost of sales</span><span style="font-family:Arial;font-size:10pt;"> over the term of the lease. </span></div>
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2019Q4 f Finance Receivables Net Subject To Fair Value
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CY2019 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
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<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The allowance for credit losses represents an estimate of the probable credit loss inherent in finance receivables as of the balance sheet date. The adequacy of the allowance for credit losses is assessed quarterly and the assumptions and models used in establishing the allowance are evaluated regularly. Because credit losses may vary substantially over time, estimating credit losses requires a number of assumptions about matters that are uncertain. The majority of credit losses are attributable to Ford Credit’s consumer receivables. </span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Additions to the allowance for credit losses are made by recording charges to </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Ford Credit interest, operating, and other expenses</span><span style="font-family:Arial;font-size:10pt;"> on our consolidated income statement. The uncollectible portion of finance receivables are charged to the allowance for credit losses at the earlier of when an account is deemed to be uncollectible or when an account is </span><span style="font-family:Arial;font-size:10pt;"><span>120</span></span><span style="font-family:Arial;font-size:10pt;"> days delinquent, taking into consideration the financial condition of the customer or borrower, the value of the collateral, recourse to guarantors, and other factors. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">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 </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Other assets</span><span style="font-family:Arial;font-size:10pt;"> on our consolidated balance sheet. 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.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Consumer </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Ford Credit estimates the allowance for credit losses on consumer receivables using a combination of measurement models and management judgment. The models consider factors such as historical trends in credit losses and recoveries (including key metrics such as delinquencies, repossessions, and bankruptcies), the composition of the present portfolio (including vehicle brand, term, risk evaluation, and new/used vehicles), trends in historical used vehicle values, and economic conditions. Estimates from these models rely on historical information and may not fully reflect losses inherent in the present portfolio. Therefore, Ford Credit may adjust the estimate to reflect management judgment regarding observable changes in recent economic trends and conditions, portfolio composition, and other relevant factors.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Ford Credit makes projections of two key assumptions to assist in estimating the consumer allowance for credit losses:</span></div><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:Arial;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Frequency - number of finance receivables contracts that are expected to default over the loss emergence period (“LEP”), measured as repossessions; and</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:Arial;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Loss severity - expected difference between the amount a customer owes when the finance contract is charged off and the amount received, net of expenses, from selling the repossessed vehicle.</span></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Collective Allowance for Credit Losses.</span><span style="font-family:Arial;font-size:10pt;"> The collective allowance is evaluated primarily using a collective loss-to-receivables (“LTR”) model that, based on historical experience, indicates credit losses have been incurred in the portfolio even though the particular accounts that are uncollectible cannot be specifically identified. The LTR model is based on the most recent years of history. An LTR for each product is calculated by dividing credit losses (i.e., charge-offs net of recoveries) by average net finance receivables, excluding unearned interest supplements and allowance for credit losses. The average LTR that is calculated for each product is multiplied by the end-of-period balances for that given product. </span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The largest markets also use a loss projection model to estimate losses inherent in the portfolio. The loss projection model applies recent monthly performance metrics, stratified by contract type (retail installment sale contract or finance lease), contract term (e.g., 60 months), and risk rating to the active portfolio to estimate the losses that have been incurred.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The LEP is an assumption within the models and represents the average amount of time between when a loss event first occurs to when it is charged off. This time period starts when the consumer begins to experience financial difficulty. It is evidenced, typically through delinquency, before eventually resulting in a charge-off. The LEP is a multiplier in the calculation of the collective consumer allowance for credit losses.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">For accounts greater than </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;"><span>120 days</span></span><span style="font-family:Arial;font-size:10pt;"> past due, the uncollectible portion is charged off, such that the remaining recorded investment is equal to the estimated fair value of the collateral less costs to sell.</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">NOTE 11.</span><span style="font-family:Arial;font-size:10pt;font-weight:bold;"> </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;">FORD CREDIT ALLOWANCE FOR CREDIT LOSSES</span><span style="font-family:Arial;font-size:10pt;font-weight:bold;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">(Continued)</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Specific Allowance for Impaired Receivables</span><span style="font-family:Arial;font-size:10pt;">. Consumer receivables involved in TDRs are specifically assessed for impairment. A specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the contract’s original effective interest rate or the fair value of any collateral adjusted for estimated costs to sell. </span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">After establishing the collective and specific allowance for credit losses, if management believes the allowance does not reflect all losses inherent in the portfolio due to changes in recent economic trends and conditions, or other relevant factors, an adjustment is made based on management judgment.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Non-Consumer </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Ford Credit estimates the allowance for credit losses for non-consumer receivables based on historical LTR ratios, expected future cash flows, and the fair value of collateral. </span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Collective Allowance for Credit Losses</span><span style="font-family:Arial;font-size:10pt;">. Ford Credit estimates an allowance for non-consumer receivables that are not specifically identified as impaired using an LTR model for each financing product based on historical experience. This LTR is an average of the most recent historical experience and is calculated consistent with the consumer receivables LTR approach. All accounts that are specifically identified as impaired are excluded from the calculation of the non-specific or collective allowance. </span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Specific Allowance for Impaired Receivables</span><span style="font-family:Arial;font-size:10pt;">. Dealer financing is evaluated by segmenting individual loans by the risk characteristics of the loan (such as the amount of the loan, the nature of the collateral, and the financial status of the debtor). The loans are analyzed to determine whether individual loans are impaired, and a specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the loan’s original effective interest rate or the fair value of the collateral adjusted for estimated costs to sell.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div>After establishing the collective and the specific allowance for credit losses, if management believes the allowance does not reflect all losses inherent in the portfolio due to changes in recent economic trends and conditions, or other relevant factors, an adjustment is made based on management judgment.
CY2019 f Term When Finance Receivables Are Considered Impaired
TermWhenFinanceReceivablesAreConsideredImpaired
P120D
CY2019 f Term When Finance Receivables Are Considered Impaired
TermWhenFinanceReceivablesAreConsideredImpaired
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CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
8697000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36178000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36469000000 USD
CY2017 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
2292000000 USD
CY2018 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
2504000000 USD
CY2019 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
3449000000 USD
CY2017 f Depreciation Depletionand Amortization Including Impairment
DepreciationDepletionandAmortizationIncludingImpairment
4987000000 USD
CY2018 f Depreciation Depletionand Amortization Including Impairment
DepreciationDepletionandAmortizationIncludingImpairment
5413000000 USD
CY2019 f Depreciation Depletionand Amortization Including Impairment
DepreciationDepletionandAmortizationIncludingImpairment
6858000000 USD
CY2017 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1970000000 USD
CY2018 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1994000000 USD
CY2019 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1963000000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2709000000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2519000000 USD
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1400000000 USD
CY2018 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
330000000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
244000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
8277000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
8884000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
9733000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
10381000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
18010000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
19265000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
9190000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
9357000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
3149000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
4333000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
12339000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
13690000000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
11000000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
12000000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
35172000000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
27196000000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
22750000000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
2980000000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
484000000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
111000000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
2584000000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
463000000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
209000000 USD
CY2018Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3806000000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
250000000 USD
CY2019Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1200000000 USD
CY2018Q4 f Dealer And Dealers Customer Allowances And Claims
DealerAndDealersCustomerAllowancesAndClaims
11369000000 USD
CY2019Q4 f Dealer And Dealers Customer Allowances And Claims
DealerAndDealersCustomerAllowancesAndClaims
13113000000 USD
CY2018Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2095000000 USD
CY2019Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2091000000 USD
CY2018Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
1755000000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
1857000000 USD
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
988000000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1128000000 USD
CY2018Q4 f Other Postretirement Defined Benefit Plan Liabilities Current
OtherPostretirementDefinedBenefitPlanLiabilitiesCurrent
339000000 USD
CY2019Q4 f Other Postretirement Defined Benefit Plan Liabilities Current
OtherPostretirementDefinedBenefitPlanLiabilitiesCurrent
332000000 USD
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
204000000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
185000000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
367000000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3914000000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
20556000000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
22987000000 USD
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
9423000000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
9878000000 USD
CY2018Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
5220000000 USD
CY2019Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
5740000000 USD
CY2018Q4 f Dealer And Dealers Customer Allowances And Claims Noncurrent
DealerAndDealersCustomerAllowancesAndClaimsNoncurrent
2497000000 USD
CY2019Q4 f Dealer And Dealers Customer Allowances And Claims Noncurrent
DealerAndDealersCustomerAllowancesAndClaimsNoncurrent
1921000000 USD
CY2018Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
3985000000 USD
CY2019Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
4191000000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1047000000 USD
CY2018Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1080000000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1104000000 USD
CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1383000000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1443000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23588000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
25324000000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
142000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
143000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
143000000 USD
CY2019Q4 f Defined Benefit Plan Percent Of Employer And Related Party Securities Included In Plan Assets Maximum
DefinedBenefitPlanPercentOfEmployerAndRelatedPartySecuritiesIncludedInPlanAssetsMaximum
0.01
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1415000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1414000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
177000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
363000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
271000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
193000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
141000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
106000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
527000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
3000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
437000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1511000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
406000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
96000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
306000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
35000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
219000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
21000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
156000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
16000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
114000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
10000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
387000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
10000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1588000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
188000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
174000000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
11000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1414000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
177000000 USD
CY2019Q4 f Lessee Finance Lease Lease Notyet Commenced Future Payments
LesseeFinanceLeaseLeaseNotyetCommencedFuturePayments
400000000 USD
CY2019Q4 us-gaap Lessee Finance Lease Lease Not Yet Commenced Term Of Contract1
LesseeFinanceLeaseLeaseNotYetCommencedTermOfContract1
P20Y
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
460000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35000000 USD
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
43000000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
467000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
53000000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
16000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
15000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000000 USD
CY2019 us-gaap Lease Cost
LeaseCost
525000000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.033
CY2018Q4 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
0 USD
CY2019Q4 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
130000000 USD
CY2018Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
604000000 USD
CY2019Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
474000000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
3000000 USD
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1000000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
600000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
470000000 USD
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
600000000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
600000000 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
245000000 USD
CY2018 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
32000000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-165000000 USD
CY2018Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
142760000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
137179000000 USD
CY2018Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
681000000 USD
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
601000000 USD
CY2019Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
390000000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
772000000 USD
CY2018Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
540000000 USD
CY2018Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
312000000 USD
CY2019Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
840000000 USD
CY2019Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
306000000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
1221000000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
913000000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
1230000000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1078000000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
19000000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
18000000 USD
CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
59000000 USD
CY2019Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
233000000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
78000000 USD
CY2019 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-344000000 USD
CY2018Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1163000000 USD
CY2019Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
749000000 USD
CY2018Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
351000000 USD
CY2019 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">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 amount of probable payment is recorded.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">We guarantee the resale value of vehicles sold in certain arrangements to daily rental companies. The maximum potential payment of </span><span style="font-family:Arial;font-size:10pt;"><span>$582 million</span></span><span style="font-family:Arial;font-size:10pt;"> as of </span><span style="font-family:Arial;font-size:10pt;">December 31, 2019</span><span style="font-family:Arial;font-size:10pt;"> included in the table above represents the total proceeds we guarantee the rental company will receive on re-sale.  Reflecting our present estimate of proceeds the rental companies will receive on resale from third parties, we have recorded </span><span style="font-family:Arial;font-size:10pt;"><span>$199 million</span></span><span style="font-family:Arial;font-size:10pt;"> as our best estimate of the amount we will have to pay under the guarantee.</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">We also guarantee 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 2033, 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. However, our ability to enforce these rights is sometimes stayed until the guaranteed party is paid in full, and may be limited in the event of insolvency of the third party or other circumstances. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">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 terms of the contract or by 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.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">Warranties and Field Service Actions</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">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 </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Other liabilities and deferred revenue</span><span style="font-family:Arial;font-size:10pt;">. We reevaluate the adequacy of our accruals on a regular basis. </span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">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 the recovery is virtually certain. Recoveries are reported in </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Trade and other receivables</span><span style="font-family:Arial;font-size:10pt;"> and</span><span style="font-family:Arial;font-size:10pt;font-style:italic;"> Other assets.</span></div>
CY2019Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
500000000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5296000000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5137000000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4360000000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4561000000 USD
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2584000000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3182000000 USD
CY2018 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1758000000 USD
CY2019 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1941000000 USD
CY2018 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-141000000 USD
CY2019 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
3000000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5137000000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5702000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
156776000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8159000000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9241000000 USD
CY2017 us-gaap Interest Expense
InterestExpense
4364000000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
459000000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1201000000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
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7049000000 USD
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