Analysis of Debt

Ford Motor Co., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Debt payable within one year	49,669)	50,164)	49,692)	51,343)	53,946)
Long-term debt payable after one year	99,562)	88,805)	88,400)	110,341)	101,361)
Total debt (carrying amount)	149,231)	138,969)	138,092)	161,684)	155,307)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Ford Motor Co. total debt increased from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Company debt excluding Ford Credit	19,775)
Ford Credit debt	130,533)
Total debt (fair value)	150,308)
Financial Ratio
Debt, fair value to carrying amount ratio	1.01

Weighted-average effective interest rate on debt: 4.89%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.20%	362)	12)
5.30%	19,467)	1,032)
5.30%	18,658)	989)
4.70%	80,095)	3,764)
Total	118,582)	5,797)
4.89%

¹ US$ in millions

² Weighted-average interest rate = 100 × 5,797 ÷ 118,582 = 4.89%

Ford Motor Co. (NYSE:F)