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Ford Motor Company Business Segments

Business, geographic, and product segment breakdowns

Ford Motor Company generates $189.86B in annual revenue across 1 key segments: Ford Credit ($3.0B). The company-wide operating margin is -3.77%. Based on the Q1 2026 filing.

Ford Credit (TTM)$3.0B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$58.6B
ROE-14.84%

Products & Services

Total revenues (Note 4)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Vehicles, parts, and accessories$43.4B$35.9B$45.2B$45.5B$40.7B$37.6B
Financing income$2.1B$2B$2B$2B$2.1B$2B
Leasing income$1.2B$1.2B$1.3B$1.3B$1.3B$1.4B
Used vehicles$543.8M$685M———$1.1B
Services and other revenue$886M$821M$903M$926M$936M$976M
Insurance income$42M$42M$38M$40M$44M$42M

Capitalized contract cost, amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services and other revenue$26M$30M$22M$27M$27M$27M

Contract with customer, liability, revenue recognized

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services and other revenue$500M$504M$516M$525M$500M$585M

Deferred cost balances

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services and other revenue$312M$316M$317M$314M$307M$306M

Revenue, remaining performance obligation, amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services and other revenue$5.3B$2.7B$3.2B$3.7B$6.2B$3.3B

Revenue, remaining performance obligation, expected timing of satisfaction, period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services and other revenue$0$0$0$0$0$0
Vehicle-related design and testing services$0———$0—

Unearned revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services and other revenue$5.3B$5.5B$5.8B$6B$6.2B$6.3B

(Decrease) increase in revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Vehicles, parts, and accessories-$172M$96M$90M$163M—$259M

Revenue performance obligation payment terms

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Vehicles, parts, and accessories0.000.000.000.000.00—

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-Lived Assets$6.4B———$6.5B—
Total revenues (Note 4)$8.5B$8.8B$8.8B$8.8B$8.8B—

Business Segments

2026

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$1.8B———$2.1B—

2027

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$1.7B———$2B—

2028

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$1.3B———$1.7B—

2029

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$868M———$1.1B—

2030

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$122M———$148M—

After 1 Year through 5 Years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$11.1B———$11.2B—

After 5 Years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$113M———$46M—

Cash, cash equivalents, and restricted cash - held-for-sale (Note 21)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$0$0$0$0$0$0

Cash paid for interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$1.8B$1.7B$1.7B$1.7B$1.7B—

Changes in accruals (a)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$62M$47M-$51M$316M$305M$368M

Company excluding Ford Credit debt payable within one year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$94M$109M$119M$134M$136M$129M

Company excluding Ford Credit long-term debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$711M$721M$751M$761M$754M$752M

Convertible notes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$0$2.3B$2.3B$2.3B$2.3B$0

Debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$20.7B———$21.9B—

Debt covenant minimum liquidity amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$4B———$4B—

Debt, Current

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$53.2B$50.2B$53.3B$53.7B$51.8B$47.5B

Debt Instrument, Interest Rate, Effective Percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit5.3%———0.3%—

Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$1.3B———$487M—

Debt Instrument, Unamortized Discount (Premium) And Debt Issuance Costs, Net, Current

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$16M———$18M$17M

Debt Instrument, Unamortized Discount (Premium) And Debt Issuance Costs, Net, Noncurrent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$237M———$229M$238M

Debt, Long-Term and Short-Term, Combined Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$137.9B$134.3B$137.4B$140.2B$141.4B$137.5B

Debt Securities, Available-for-Sale

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$15B$13.6B$14B$15.3B$15.6B$12.1B

Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$118M$65M$43M$29M$19M$40M

Debt Securities, Available-for-Sale, Amortized Cost

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$15.1B$13.5B$14B$15.3B$15.5B$12.1B

Fair value of Company debt excluding Ford Credit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$140B$135.9B$139.1B$142.6B$144.2B$139.3B

Fair Value of Securities with Contractual Maturities, After 1 Year through 5 Years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$11.1B$10.6B$10B$11.4B$11.2B$8.9B

Fair Value of Securities with Contractual Maturities, After 5 Years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$113M$136M$271M$98M$46M$81M

Fair Value of Securities with Contractual Maturities, Within 1 Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$3.8B$2.8B$3.7B$3.9B$4.3B$3.1B

Gross realized gains

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$2M$5M$4M$3M$12M$10M

Gross realized losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$2M$3M$1M$0$1M$1M

Gross Unrealized Gains

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$41M$74M$98M$115M$111M$44M

Interest expense on Company debt excluding Ford Credit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$295M$288M$297M$321M$348M$350M

Interest Payable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit————$16.1B—

Interest payable, 2026

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit————$5.3B—

Interest payable, 2027

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit————$3.9B—

Interest payable, 2028

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit————$2.6B—

Interest payable, 2029

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit————$1.6B—

Interest payable, 2030

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit————$1.1B—

Interest payable, Thereafter

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit————$1.7B—

Interest rate, stated percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit4.8%———4.7%—

Line of credit facility, maximum borrowing capacity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$44.6B———$45.1B—

Long-Term Debt, Current Maturities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$1.8B$4.3B$3.6B$3.9B$5.6B$3.3B

Long-Term Debt, Excluding Current Maturities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$84.7B$84.2B$84.1B$86.5B$89.7B$90B

Long-term debt (Note 18)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$84.7B$84.2B$84.1B$86.5B$89.7B$90B

Marketable securities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$706M———$784M$785M

Other debt (including finance leases)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$784M$810M$208M$218M$226M$212M

Other Loans Payable, Long-Term, Noncurrent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$1.2B$1.2B$1.2B$2.4B$2.4B$2.3B

Outstanding term loan credit facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$1.4B———$1.8B—

Payments for Restructuring

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$141M$178M$67M$35M$178M$770M

Proceeds from lines of credit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$425M$600M$600M$600M$600M—

Property, Plant, and Equipment, Lessor Asset under Operating Lease, after Accumulated Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$1.3B———$2B—

Public unsecured debt securities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$176M$176M$176M$348M$1.7B$1.7B

Restricted Cash

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$88M$93M$99M$107M$107M$113M

Restructuring Reserve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$1.1B$999M$1.1B$1.3B$1.5B$1B

Restructuring Reserve, Translation and Other Adjustment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$22.5M-$32M———$26M

Sales proceeds

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$1.3B$2.4B$992M$736M$2B$2.6B

Short-term

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$17.4B$17.1B$17B$17.5B$18.4B$16.1B

Short-term debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$16.2B$16.4B$15.9B$16.2B$16.4B$15.2B

Thereafter

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$4M———$6M—

Third party guarantees of the credit facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit————$800M—

Total cash and cash equivalents

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$9.3B$1.1B$1.8B$8.8B$9.3B$7.9B

Total estimated fair value of notes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$2.2B———$2.4B—

Total revenues (Note 4)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Blue$37.1B$31.6B$25.8B$39.4B$35.6B$33.4B
Ford Pro$16.2B$15.2B$18.8B$17.4B$14.9B$14.7B
Ford Credit$3.3B$3.2B$3.2B$3.3B$3.4B$3.4B
Ford Model e$1.5B$1.4B$2.4B$1.9B$1.4B$1.3B

Unsecured Long-term Debt, Noncurrent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$14.8B$14.8B$14.8B$14.6B$13.1B$13.1B

Within 1 Year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Company excluding Ford Credit$3.8B———$4.3B—

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$157.5B$154.2B$157.8B$160.6B$161.9B$157.6B
Ford Blue$58.8B$62.8B$64.1B$63.9B$63.3B$66.1B
Ford Model e$17.1B$16.2B$16.3B$17.4B$6.5B$7B
Ford Pro$3.5B$3.7B$4.6B$4.5B$4.2B$3.9B

Cash outflow for capital spending

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Blue$1.3B$987M$1.1B$1.2B$1.7B$1.3B
Ford Model e$1.1B$761M$952M$821M$1B$990M
Ford Credit$29M$28M$34M$26M$33M$19M
Ford Pro$10M$7M$16M$12M$14M$8M

Depreciation and tooling amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Blue$730M$729M$764M$811M$884M$738M
Ford Credit$673M$618M$615M$642M$714M$715M
Ford Pro$348M$348M$349M$347M$353M$348M
Ford Model e$144M$138M$154M$151M$122M$45M

Equity in net income/(loss) of affiliated companies (Note 14 and Note 23)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Pro$172M$40M$96M$109M$136M$100M
Ford Blue$12M$62M$52M$48M$44M$54M
Ford Credit$14M$10M$13M$13M$14M$13M
Ford Model e-$14M-$20M-$17M-$54M-$31M-$4M

Investment-related interest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$107M$91M$91M$92M$83M$77M
Ford Blue$43M$48M$50M$49M$48M$52M
Ford Pro$14M$15M$15M$16M$17M$16M
Ford Model e$0$1M$1M$0$1M$1M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Blue$35.5B$31.5B$38.7B$37.8B$34.9B$31.4B
Ford Pro$14.6B$13.9B$16.5B$15.4B$13.7B$13B
Ford Credit$2.8B$2.7B$2.6B$2.7B$2.7B$2.7B
Ford Model e$2.9B$2.2B$3.9B$3.3B$2.6B$2.1B

Segment EBIT/EBT

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Blue$1.6B$96M$661M$1.5B$727M$1.9B
Ford Pro$1.6B$1.3B$2.3B$2B$1.2B$1.7B
Ford Credit$441M$580M$645M$631M$701M$783M
Ford Model e-$1.4B-$849M-$1.3B-$1.4B-$1.2B-$777M

Adjustment fair value hedging instruments unsecured debt, discontinued hedging relationships

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit-$450M-$374M-$411M-$336M-$319M-$251M

Amount of reduction in depreciation expense on property subject to or held for lease

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$250M$325M$325M$325M$325M—

Balance of cash related contributions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$0———$0—

Carrying value of hedged debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$41.1B$43.3B$41.8B$42.8B$41.7B$44.7B

Cash contribution for collateral to support wholesale securitization program

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$0$0$0$0$0—

Derivative income/(expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$14M-$9M-$9M-$9M-$9M—

Fair value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$103.2B$98.7B$98.9B$100.5B$102.5B$98.3B

Fair value adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit-$125M-$59M-$59M-$63M-$36M-$19M

Fair value adjustments, noncurrent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit-$919M-$589M-$272M-$174M-$204M-$421M

Finance lease receivables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$7.9B———$8.8B—

Finance leases, gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$8.4B$8.8B$9.4B$9.3B$9.3B$9.1B

Finance receivables, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$111.6B$107B$107.5B$108.4B$110.6B$106.5B

Financing Receivable, Allowance for Credit Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$864M$881M$890M$897M$911M$937M

Financing receivable, allowance for credit loss, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$160M$167M$160M$177M$163M$202M

Financing Receivable, Allowance for Credit Losses, Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit-$11M$4M$10M$0$2M$9M

Financing receivable, originated five or more years before latest fiscal year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$846M$3.2B$2.4B$1.7B$1.2B$2.6B

Financing receivable, originated four years before latest fiscal year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$3.3B$4.6B$3.8B$3B$2.3B$5.3B

Financing receivable, originated in current fiscal year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$36.5B$7.2B$15.5B$24B$32.8B$7.1B

Financing receivable, originated in fiscal year before latest fiscal year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$24.5B$34.5B$32.4B$29.7B$27.1B$30.9B

Financing receivable, originated, more than five years before current fiscal year, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$8M$19M$12M$13M$10M$21M

Financing receivable, originated three years before latest fiscal year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$5.6B$10.8B$9.4B$7.8B$6.5B$13.2B

Financing receivable, originated two years before latest fiscal year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$12.5B$22.2B$20.1B$17.7B$15.4B$24.6B

Financing receivable, percent of consumer finance receivables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit100.0%100.0%100.0%100.0%100.0%100.0%

Financing Receivable, Wholesale Loans, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit—$1M$10M——$5M

Financing receivable, year five, originated, four years before current fiscal year, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$12M$16M$14M$13M$11M$27M

Financing receivable, year four, originated, three years before current fiscal year, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$16M$35M$29M$32M$28M$48M

Financing receivable, year one, originated, current fiscal year, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$32M$1M$3M$13M$25M$0

Financing receivable, year three, originated, two years before current fiscal year, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$37M$50M$42M$50M$45M$65M

Financing receivable, year two, originated, fiscal year before current fiscal year, writeoff

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$55M$45M$47M$56M$57M$36M

Ford Credit finance receivables, net of allowance for credit losses of $247 and $261 (Note 10)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$51.9B$48B$47.6B$48.2B$49.1B$46.2B

Ford Credit finance receivables, net of allowance for credit losses of $617 and $650 (Note 10)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$59.8B$59B$59.9B$60.1B$61.4B$60.3B

Ford Credit interest on debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$2B$1.8B$1.8B$1.8B$1.8B$1.7B

Ford Credit interest, operating, and other expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$2.9B$2.7B$2.7B$2.8B$2.9B$2.8B

Ford credit segment recognized interest revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$725M$750M$750M$750M$750M—

Interest expense on securitization debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$700M$625M$625M$625M$625M—

Long-term Debt, Maturities, Repayments of Principal after Year Five

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$12.1B———$11.3B—

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$53.3B———$51.8B—

Long-term Debt, Maturities, Repayments of Principal in Year Five

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$9B———$11.1B—

Long-term Debt, Maturities, Repayments of Principal in Year Four

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$12.1B———$13.2B—

Long-term Debt, Maturities, Repayments of Principal in Year Three

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$20.2B———$23.8B—

Long-term Debt, Maturities, Repayments of Principal in Year Two

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$32.4B———$30.8B—

Net finance receivables subject to fair value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$103.8B$98.7B$98.6B$99.6B$101.8B$97.9B

Operating lease depreciation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$620.5M$630.5M$630.5M$630.5M$630.5M—

Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$2.2B———$2.2B—

Percent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit100.0%100.0%100.0%100.0%100.0%100.0%

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$135M$140M$114M$135M$139M$172M

Recorded investment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$112.5B$107.9B$108.4B$109.3B$111.5B$107.4B

Recoveries

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$38M$40M$45M$48M$47M$47M

Related Party Transaction Unearned Interest Supplements From Transactions With Related Party

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$4.6B$4.5B$4.3B$4.3B$4.5B$4.3B

Retail financing, gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$87.8B$87B$87.9B$88.2B$89.7B$87.9B

Revenue from finance leases

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$139M$137M$148M$146M$145M$155M

Secured debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$60.4B———$59.5B—

Trade and other receivables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$8.2B———$7.1B—

Unearned interest supplements and residual support

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit-$6.5B———-$6.8B—

Unsecured debt/Asset-backed debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$23.1B$19.1B$22B$22.1B$19.8B$19.1B

Wholesale Loans

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Credit$28.3B$24.4B$23.7B$24.4B$25.2B$22.8B

Goodwill, impairment loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Model e————$215M—

Impairment Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Model e————$8.1B—

Impairment charges, including goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Model e—$325M$325M$325M$325M—

Supplier and other contract cancellation expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Ford Model e————$1.2B—