Net Investment in Operating Leases (Tables)

12 Months Ended

Dec. 31, 2014

NET INVESTMENT IN OPERATING LEASES [Abstract]

Schedule of Property Subject to or Available for Operating Lease [Table Text Block]

The net investment in operating leases at December 31 was as follows (in millions):



	2014			2013
Automotive Sector
Vehicles, net of depreciation	$	1,699		$	1,384
Financial Services Sector
Vehicles and other equipment, at cost (a)	24,952			21,738
Accumulated depreciation	(3,396		)	(3,115		)
Allowance for credit losses	(38		)	(23		)
Total Financial Services sector	21,518			18,600
Total Company	$	23,217		$	19,984

__________

(a)

Includes Ford Credit’s operating lease assets of $9.6 billion and $8.1 billion at December 31, 2014 and 2013, respectively, for which the related cash flows have been used to secure certain lease securitization transactions. Cash flows associated with the net investment in operating leases are available only for payment of the debt or other obligations issued or arising in the securitization transactions; they are not available to pay other obligations or the claims of other creditors.

Schedule of Operating Lease Depreciation Expense [Table Text Block]

Operating lease depreciation expense (which includes gains and losses on disposal of assets) for the years ended December 31 was as follows (in millions):



	2014		2013		2012
Operating lease depreciation expense	$	3,098	$	2,411	$	1,795

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

The amounts contractually due for minimum rentals on operating leases at December 31, 2014 were as follows (in millions):



	2015		2016		2017		2018		Thereafter		Total
Minimum rentals on operating leases	$	2,174	$	2,186	$	1,348	$	188	$	4	$	5,900