Ford Motor Credit Company LLC, d/b/a Ford Credit, is the financial services arm of Ford Motor Company, and is headquartered in Dearborn, Michigan. The predominant share of Ford Credit's business consists of financing Ford and Lincoln vehicles and supporting Ford and Lincoln dealers. Specifically, its business activities are concentrated in the area of automobile financing for consumers and dealership inventory and leasing.3 Its revenue was $9.4 billion in 2022.1 It is part of Ford Germany.1Wikipedia text CC BY-SA 4.0
Total assets9106$162.5B in 2025+20% since 2021Total liabilities149106$147.6B in 2025+20% since 2021Shareholders’ equity146$14.8B in 2025+20% since 2021Cash149106$9.3B in 2025−15% since 2021
Total assets111213$158.5B in Q2 FY2026−0% since Q2 FY2025Total liabilities15121311$143.9B in Q2 FY2026−0% since Q2 FY2025Shareholders’ equity111213$14.6B in Q2 FY2026+0% since Q2 FY2025Cash15121311$8.4B in Q2 FY2026−1% since Q2 FY2025
Ford Motor Credit Company is part of a group headed by Ford Motor Company. 153 entities, 32 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.
What it owns
What Ford Motor Credit Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Most of our automotive finance operations are located in leased properties. The continued use of any of these leased properties is not material to our operations. See Note 14 of our Notes to the Financial Statements for more information on our lease commitments.
Ford began its journey into auto financing by launching a Weekly Purchase Plan in 1923. The program was designed to allow people to pay a certain amount to the bank weekly up until they had saved for the cost of a car. In 1926, Ford constructed a new factory in Germany, but most of the local population could not afford a car. This prompted Henry Ford to found Credit AG für Ford-Fahrzeuge, German for 'Ford Credit Company AG', in Berlin in order to help locals finance the purchase of a new car, in turn increasing sales. Henry and Edsel Ford became members of the board. In 1932, the newly-founded bank and the factory moved to Cologne. In 1962 the bank was renamed again to Ford Credit AG.
From 1975 to 1979, the company briefly was the owner of the Houston Astros major league baseball team, as well as of its ballpark, the Astrodome, and various other properties around Houston, Texas. This occurred after Astros owner Roy Hofheinz defaulted on a loan provided in 1972 by the Company in partnership with GE Capital. The default resulted from a downturn in the oil industry, and the creditors took over these various assets as a result. Senior loan officer Bill Odom, who would later rise to be the Chairman of Ford Motor Credit Company, acted as principal for the temporary ownership group, until the team was sold in 1979 to a group headed by John McMullen.
Since the automotive industry crisis of 2008–10, Ford Credit has been the only financial arm of Detroit's "Big Three" still owned by its parent automaker after the spinoff of GMAC (now Ally Financial) by General Motors and the purchase of Chrysler Financial (now TD Auto Finance) by Toronto-Dominion Bank.
How Ford Motor Credit Company is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
3.350% Notes due Nine Months or More from the Date of Issue due August 20, 2026
F/26N
New York Stock Exchange
4.867% Notes due August 3, 2027*
F/27A
New York Stock Exchange
6.125% Notes due May 15, 2028*
F/28B
New York Stock Exchange
3.622% Notes due July 27, 2028*
F/28H
New York Stock Exchange
5.625% Notes due Oct. 9, 2028*
F/28D
New York Stock Exchange
4.165% Notes due November 21, 2028*
F/28E
New York Stock Exchange
5.125% Notes due February 20, 2029*
F/29B
New York Stock Exchange
3.778% Notes due September 16, 2029*
F/29E
New York Stock Exchange
4.445% Notes due February 14, 2030*
F/30D
New York Stock Exchange
5.780% Notes due April 30, 2030*
F/30A
New York Stock Exchange
4.066% Notes due August 21, 2030*
F/30F
New York Stock Exchange
6.184% Notes due August 29, 2031*
F/30C
New York Stock Exchange
4.448% Notes due September 16, 2032*
F/32A
New York Stock Exchange
From the cover page of the 10-K filed Feb 11, 2026 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Ford Motor Credit Company names in Item 1A of its 10-K filed Feb 11, 2026: 26 risks under these headings, as written.17
Operational Risks
Ford’s long-term success depends on delivering the Ford+ plan, including improving cost competitiveness.
Ford’s products have been and could continue to be affected by defects that result in recall campaigns, increased warranty costs, or delays in new model launches, and the time it takes to improve the quality of Ford’s products and services and reduce the costs associated therewith could continue to have an adverse effect on its business.
Ford is highly dependent on its suppliers to deliver components in accordance with Ford’s production schedule and specifications, and a shortage of or inability to timely acquire key components or raw materials has previously disrupted and may, in the future, disrupt Ford’s operations.
Ford’s production, as well as Ford’s suppliers’ production, and/or the ability to deliver products to consumers could be disrupted by labor issues, public health issues, natural or man-made disasters, adverse effects of climate change, financial distress, production difficulties, capacity limitations, or other factors.
Ford may not realize the anticipated benefits of existing or pending strategic alliances, joint ventures, acquisitions, divestitures, commercial relationships, or business strategies or the benefits may take longer than expected to materialize.
Ford may not realize the anticipated benefits of restructuring actions and such actions may cause Ford to incur significant charges, disrupt its operations, or harm its reputation.
Failure to develop and deploy secure digital services that appeal to customers, retain existing subscribers, and grow Ford’s subscription rates could have a negative impact on Ford’s business.
Ford’s ability to maintain a competitive cost structure could be affected by labor or other constraints.
Ford’s ability to attract, develop, grow, support, and reward talent is critical to its success and competitiveness.
Operational information systems, security systems, products, and services could be affected by cybersecurity incidents, ransomware attacks, and other disruptions and impact Ford, Ford Credit, their suppliers, and dealers.
To facilitate access to the raw materials and other components necessary for the manufacture of electrified products, Ford has entered into and may, in the future, enter into multi-year commitments to raw material and other suppliers that subject Ford to risks associated with lower future demand for such items as well as costs that fluctuate and are difficult to accurately forecast.
The other 15 risks
Macroeconomic, Market, and Strategic Risks
With a global footprint and supply chain, Ford’s results and operations have been and could continue to be adversely affected by economic or geopolitical developments, including protectionist trade policies such as tariffs, or other events.
Ford’s new and existing products and digital, software, and physical services are subject to market acceptance and face significant competition from existing and new entrants in the automotive and digital and software services industries, and Ford’s reputation may be harmed based on positions it takes or if it is unable to achieve the initiatives it has announced.
Ford may face increased price competition for its products and services, including pricing pressure resulting from industry excess capacity, currency fluctuations, competitive actions, legal and policy changes, or economic or other factors, particularly for electrified vehicles.
Inflationary pressure and fluctuations in commodity and energy prices, foreign currency exchange rates, interest rates, and market value of Ford or Ford Credit’s investments, including marketable securities, can have a significant effect on results.
Ford’s results are dependent on sales of larger, more profitable vehicles, particularly in the United States.
Industry sales volume can be volatile and could decline if there is a financial crisis, recession, public health emergency, or significant geopolitical event.
Financial Risks
The impact of government incentives on Ford’s business has been and could continue to be significant, and Ford’s receipt of government incentives could be subject to reduction, termination, or clawback.
Ford and Ford Credit’s access to debt, securitization, or derivative markets around the world at competitive rates or in sufficient amounts could be affected by credit rating downgrades, market volatility, market disruption, regulatory requirements, asset portfolios, or other factors.
Ford Credit could experience higher-than-expected credit losses, lower-than-anticipated residual values, or higher-than-expected return volumes for leased vehicles.
Economic and demographic experience for pension and other postretirement employee benefit (“OPEB”) plans (e.g., discount rates or investment returns) could be worse than Ford has assumed.
Pension and other postretirement liabilities could adversely affect Ford’s liquidity and financial condition.
Legal and Regulatory Risks
Ford and Ford Credit have experienced and could continue to experience unusual or significant litigation, governmental investigations, or adverse publicity arising out of alleged defects in products, services, perceived environmental impacts, or otherwise.
Ford may need to substantially modify its product plans and facilities to respond to shifting consumer sentiment and competitive dynamics as a result of policy changes affecting, or otherwise to comply with, safety, emissions, fuel economy, autonomous driving technology, environmental, and other regulations.
Ford and Ford Credit could be affected by the continued development of more stringent privacy, data use, data protection, data access, and artificial intelligence laws and regulations as well as consumers’ heightened expectations to safeguard their personal information.
Ford Credit could be subject to new or increased credit regulations, consumer protection regulations, or other regulations.
Legal proceedings
Various legal actions, proceedings, and claims (generally, “matters”) are pending or may be instituted or asserted against us. These include but are not limited to matters arising out of governmental regulations; tax matters; alleged illegal acts resulting in fines or penalties; financial services; employment-related matters; dealer and other contractual relationships; personal injury matters; investor matters; and financial reporting matters. Certain of the pending legal actions are, or purport to be, class actions. Some of the matters involve or may involve claims for compensatory, punitive, or antitrust or other treble damages in very large amounts, sanctions, assessments, or other relief, which, if granted, would require very large expenditures.
The litigation process is subject to many uncertainties, and the outcome of individual matters is not predictable with assurance. It is reasonably possible that matters could be decided unfavorably to us. Although the amount of liability at December 31, 2025, with respect to litigation matters cannot be ascertained, we believe that any resulting liability should not materially affect our operations, financial condition, or liquidity. At this time, we have no legal proceedings arising under any federal, state, or local provisions that have been enacted or adopted regulating the discharge of materials into the environment or primarily for the purpose of protecting the environment, in which (i) a governmental authority is a party, and (ii) we believe there is the possibility of monetary sanctions (exclusive of interest and costs) in excess of $1,000,000.
In addition, any litigation, investigation, proceeding, or claim against Ford that results in Ford incurring significant liability, expenditures, or costs could also have a material adverse effect on our operations, financial condition, or liquidity. For a discussion of pending significant cases against Ford, see Item 3 in Ford’s 2025 Form 10-K Report.
