v3.26.1
FORD CREDIT FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Ford Credit finance receivables, net were as follows (in millions):
 December 31,
2025		March 31,
2026
Consumer  
Retail installment contracts, gross$80,467 $78,821 
Finance leases, gross9,274 9,102 
Retail financing, gross89,741 87,923 
Unearned interest supplements(4,486)(4,266)
Consumer finance receivables85,255 83,657 
Non-Consumer 
Dealer financing26,235 23,787 
Non-Consumer finance receivables26,235 23,787 
Total recorded investment$111,490 $107,444 
Recorded investment in finance receivables$111,490 $107,444 
Allowance for credit losses(911)(937)
Total finance receivables, net$110,579 $106,507 
Current portion$49,130 $46,185 
Non-current portion61,449 60,322 
Total finance receivables, net$110,579 $106,507 
Net finance receivables subject to fair value (a)$101,822 $97,936 
Fair value (b)102,499 98,349 
__________
(a)Net finance receivables subject to fair value exclude finance leases.
(b)The fair value of finance receivables is categorized within Level 3 of the fair value hierarchy.
Schedule of Credit Quality
The credit quality analysis of consumer receivables at December 31, 2025 and gross charge-offs during the year ended December 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202120212022202320242025TotalPercent
Consumer
31 - 60 days past due$61 $65 $139 $228 $275 $166 $934 1.1%
Greater than 60 days past due21 24 51 75 89 60 320 0.4 
Total past due82 89 190 303 364 226 1,254 1.5 
Current1,139 2,206 6,290 15,071 26,716 32,579 84,001 98.5 
Total$1,221 $2,295 $6,480 $15,374 $27,080 $32,805 $85,255 100.0%
Gross charge-offs$54 $54 $124 $187 $205 $42 $666 

The credit quality analysis of consumer receivables at March 31, 2026 and gross charge-offs during the period ended March 31, 2026 were as follows (in millions):
Amortized Cost Basis by Origination Year
Prior to 202220222023202420252026TotalPercent
Consumer
31 - 60 days past due$96 $118 $199 $259 $199 $13 $884 1.1%
Greater than 60 days past due30 39 59 76 58 — 262 0.3 
Total past due126 157 258 335 257 13 1,146 1.4 
Current2,452 5,160 12,909 24,259 30,618 7,113 82,511 98.6 
Total$2,578 $5,317 $13,167 $24,594 $30,875 $7,126 $83,657 100.0%
Gross charge-offs$21 $27 $48 $65 $36 $— $197 
Schedule of Credit Quality Analysis
The credit quality analysis of dealer financing receivables at December 31, 2025 and gross charge-offs during the year ended December 31, 2025 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202120212022202320242025TotalTotalPercent
Group I$269 $68 $31 $149 $78 $268 $863 $20,608 $21,471 81.8%
Group II25 8 4 33 46 44 160 3,979 4,139 15.8 
Group III1 — — 2 1 11 15 584 599 2.3 
Group IV— — — — — 2 2 24 26 0.1 
Total (a)$295 $76 $35 $184 $125 $325 $1,040 $25,195 $26,235 100.0%
Gross charge-offs$— $— $— $1 $— $— $1 $10 $11 
__________
(a)Total past due dealer financing receivables at December 31, 2025 were $8 million.

The credit quality analysis of dealer financing receivables at March 31, 2026 and gross charge-offs during the period ended March 31, 2026 were as follows (in millions):
Amortized Cost Basis by Origination YearWholesale Loans
Dealer Loans
Prior to 202220222023202420252026TotalTotalPercent
Group I$289 $30 $145 $83 $173 $128 $848 $18,443 $19,291 81.1%
Group II34 3 34 47 24 34 176 3,673 3,849 16.2 
Group III1 — 1 2 1 7 12 621 633 2.6 
Group IV— — — — 1 — 1 13 14 0.1 
Total (a)$324 $33 $180 $132 $199 $169 $1,037 $22,750 $23,787 100.0%
Gross charge-offs$— $— $— $— $— $— $— $5 $5 
__________
(a)Total past due dealer financing receivables at March 31, 2026 were $5 million.
Schedule of Allowance for Credit Losses
An analysis of the allowance for credit losses related to finance receivables for the periods ended March 31 was as follows (in millions):
First Quarter 2025
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$860 $4 $864 
Charge-offs(166)(1)(167)
Recoveries40 — 40 
Provision for credit losses135 5 140 
Other (a)3 1 4 
Ending balance$872 $9 $881 

First Quarter 2026
 ConsumerNon-ConsumerTotal
Allowance for credit losses
Beginning balance$902 $9 $911 
Charge-offs(197)(5)(202)
Recoveries46 1 47 
Provision for credit losses169 3 172 
Other (a)9 — 9 
Ending balance$929 $8 $937 
__________
(a)    Includes gains/(losses) on unguaranteed residuals on retail balloon and finance lease receivables as well as amounts related to foreign currency translation adjustments.