v2.4.0.6

Segment Reporting | 3 Months Ended
--- | ---
Mar. 31, 2012
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting We analyze the results of our business through our five segments: GMNA, GME, GMIO, GMSA and GM Financial. Each segment has a manager responsible for executing our strategies. Our automotive manufacturing operations are integrated within the segments, benefit from broad-based trade agreements and are subject to regulatory requirements, such as Corporate Average Fuel Economy regulations. While not all vehicles within a segment are individually profitable on a fully loaded cost basis, those vehicles are needed in our product mix in order to attract customers to dealer showrooms and to maintain sales volumes for other, more profitable vehicles. Because of these factors, we do not manage our business on an individual brand or vehicle basis. The chief operating decision maker evaluates the operating results and performance of our automotive segments through Income (loss) before interest and income taxes, as adjusted for additional amounts, which are presented net of noncontrolling interests, and evaluates GM Financial through income before income taxes. Substantially all of the cars, trucks and parts produced are marketed through retail dealers in North America, and through distributors and dealers outside of North America, the substantial majority of which are independently owned. In addition to the products sold to dealers for consumer retail sales, cars and trucks are also sold to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. Sales to fleet customers are completed through the network of dealers and in some cases sold directly to fleet customers. Retail and fleet customers can obtain a wide range of aftersale vehicle services and products through the dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties. GMNA primarily meets the demands of customers in North America with vehicles developed, manufactured and/or marketed under the following four brands:
• Buick | • Cadillac | • Chevrolet | • GMC
The demands of customers outside of North America are primarily met with vehicles developed, manufactured and/or marketed under the following brands:
• Buick | • Chevrolet | • GMC | • Opel
• Cadillac | • Daewoo | • Holden | • Vauxhall
At March 31, 2012 we also had equity ownership stakes directly or indirectly in entities through various regional subsidiaries, including GM Korea, SGM, SGMW, FAW-GM and HKJV. These companies design, manufacture and market vehicles under the following brands:
• Alpheon | • Buick | • Chevrolet | • Jiefang
• Baojun | • Cadillac | • Daewoo | • Wuling
Nonsegment operations are classified as Corporate. Corporate includes investments in Ally Financial, certain centrally recorded income and costs, such as interest, income taxes and corporate expenditures and certain nonsegment specific revenues and expenses. In 2012 we recorded loss on extinguishment of debt within Corporate for segment reporting purposes. Previously gains and losses on extinguishment of debt were recorded within the applicable automotive segments. This change is consistent with how management currently views the results of our operations. All intersegment balances and transactions have been eliminated in consolidation. The following tables summarize key financial information by segment (dollars in millions):
| GMNA |  | GME |  | GMIO |  | GMSA |  | Corporate |  | Eliminations |  | Total Automotive |  | GM Financial |  | Eliminations |  | Total
At and For the Three Months Ended March 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers | $ | 23,175 |  |  | $ | 5,255 |  |  | $ | 5,016 |  |  | $ | 3,867 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 37,328 |  |  | $ | — |  |  | $ | — |  |  | $ | 37,328 |
GM Financial revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 431 |  |  | — |  |  | 431 |
Intersegment | 1,001 |  |  | 258 |  |  | 1,044 |  |  | 72 |  |  | — |  |  | (2,375 | ) |  | — |  |  | — |  |  | — |  |  | — |
Total net sales and revenue | $ | 24,176 |  |  | $ | 5,513 |  |  | $ | 6,060 |  |  | $ | 3,939 |  |  | $ | 15 |  |  | $ | (2,375 | ) |  | $ | 37,328 |  |  | $ | 431 |  |  | $ | — |  |  | $ | 37,759 |
Income (loss) before automotive interest and income taxes-adjusted | $ | 1,691 |  |  | $ | (256 | ) |  | $ | 529 |  |  | $ | 83 |  |  | $ | (19 | ) |  | $ | (27 | ) |  | $ | 2,001 |  |  | $ | 181 |  |  | $ | — |  |  | $ | 2,182 |
Adjustments(a) | $ | — |  |  | $ | (590 | ) |  | $ | (22 | ) |  | $ | — |  |  | — |  |  | $ | — |  |  | $ | (612 | ) |  | — |  |  | $ | — |  |  | (612 | )
Corporate interest income |  |  |  |  |  |  |  |  | 89 |  |  |  |  |  |  | — |  |  |  |  | 89 |
Automotive interest expense |  |  |  |  |  |  |  |  | 110 |  |  |  |  |  |  | — |  |  |  |  | 110 |
Loss on extinguishment of debt |  |  |  |  |  |  |  |  | 18 |  |  |  |  |  |  | — |  |  |  |  | 18 |
Income (loss) before income taxes |  |  |  |  |  |  |  |  | (58 | ) |  |  |  |  |  | 181 |  |  |  |  | 1,531 |
Income tax expense |  |  |  |  |  |  |  |  | 142 |  |  |  |  |  |  | 74 |  |  |  |  | 216 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  | $ | (200 | ) |  |  |  |  |  | $ | 107 |  |  |  |  | $ | 1,315 |
Equity in net assets of nonconsolidated affiliates | $ | 63 |  |  | $ | 51 |  |  | $ | 6,676 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,793 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,793 |
Total assets | $ | 87,593 |  |  | $ | 17,000 |  |  | $ | 23,222 |  |  | $ | 12,086 |  |  | $ | 31,354 |  |  | $ | (34,275 | ) |  | $ | 136,980 |  |  | $ | 13,656 |  |  | $ | (442 | ) |  | $ | 150,194 |
Expenditures for property | $ | 1,032 |  |  | $ | 365 |  |  | $ | 295 |  |  | $ | 280 |  |  | $ | 18 |  |  | $ | — |  |  | $ | 1,990 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 1,994 |
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 888 |  |  | $ | 280 |  |  | $ | 129 |  |  | $ | 118 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 1,427 |  |  | $ | 43 |  |  | $ | (2 | ) |  | $ | 1,468 |
Equity income, net of tax | $ | 2 |  |  | $ | — |  |  | $ | 421 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 423 |  |  | $ | — |  |  | $ | — |  |  | $ | 423 |
Significant non-cash charges not classified as adjustments in(a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment charges related to long-lived assets | $ | 24 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 31 |  |  | $ | — |  |  | $ | — |  |  | $ | 31 |
Impairment charges related to equipment on operating leases | 20 |  |  | 35 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 55 |  |  | — |  |  | — |  |  | 55 |
Total significant non-cash charges | $ | 44 |  |  | $ | 35 |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 86 |  |  | $ | — |  |  | $ | — |  |  | $ | 86 |
__________
(a) | Consists of Goodwill impairment charges of $590 million in GME and $22 million in GMIO.
| GMNA |  | GME |  | GMIO |  | GMSA |  | Corporate |  | Eliminations |  | Total Automotive |  | GM Financial |  | Eliminations |  | Total
For the Three Months Ended March 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers | $ | 21,283 |  |  | $ | 6,262 |  |  | $ | 4,492 |  |  | $ | 3,846 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 35,899 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,899 |
GM Financial revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 295 |  |  | — |  |  | 295 |
Intersegment(a) | 827 |  |  | 608 |  |  | 716 |  |  | 50 |  |  | — |  |  | (2,201 | ) |  | — |  |  | — |  |  | — |  |  | — |
Total net sales and revenue | $ | 22,110 |  |  | $ | 6,870 |  |  | $ | 5,208 |  |  | $ | 3,896 |  |  | $ | 16 |  |  | $ | (2,201 | ) |  | $ | 35,899 |  |  | $ | 295 |  |  | $ | — |  |  | $ | 36,194 |
Income (loss) before automotive interest and income taxes-adjusted | $ | 1,253 |  |  | $ | 5 |  |  | $ | 586 |  |  | $ | 90 |  |  | $ | (20 | ) |  | $ | (2 | ) |  | $ | 1,912 |  |  | $ | 130 |  |  | $ | — |  |  | $ | 2,042 |
Adjustments(b) | $ | 1,645 |  |  | $ | (395 | ) |  | $ | (106 | ) |  | $ | — |  |  | 339 |  |  | $ | — |  |  | $ | 1,483 |  |  | — |  |  | $ | — |  |  | 1,483 |
Corporate interest income |  |  |  |  |  |  |  |  | 127 |  |  |  |  |  |  | — |  |  |  |  | 127 |
Automotive interest expense |  |  |  |  |  |  |  |  | 149 |  |  |  |  |  |  | — |  |  |  |  | 149 |
Income before income taxes |  |  |  |  |  |  |  |  | 297 |  |  |  |  |  |  | 130 |  |  |  |  | 3,503 |
Income tax expense |  |  |  |  |  |  |  |  | 66 |  |  |  |  |  |  | 71 |  |  |  |  | 137 |
Net income attributable to stockholders |  |  |  |  |  |  |  |  | $ | 231 |  |  |  |  |  |  | $ | 59 |  |  |  |  | $ | 3,366 |
Expenditures for property | $ | 581 |  |  | $ | 237 |  |  | $ | 295 |  |  | $ | 189 |  |  | $ | 20 |  |  | $ | — |  |  | $ | 1,322 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,322 |
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 977 |  |  | $ | 340 |  |  | $ | 116 |  |  | $ | 116 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 1,562 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 1,576 |
Equity income, net of tax and gain on disposal of investments | $ | 1,729 |  |  | $ | — |  |  | $ | 415 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,144 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,144 |
Significant non-cash charges not classified as adjustments in(b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment charges related to long-lived assets | $ | 23 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 26 |  |  | $ | — |  |  | $ | — |  |  | $ | 26 |
Impairment charges related to equipment on operating leases | 15 |  |  | 24 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 39 |  |  | — |  |  | — |  |  | 39 |
Total significant non-cash charges | $ | 38 |  |  | $ | 24 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 65 |  |  | $ | — |  |  | $ | — |  |  | $ | 65 |
__________
(a) | Presentation of intersegment sales has been adjusted to conform to the current presentation.
(b) | Consists of the gain on sale of our New Delphi Class A Membership Interests of $1.6 billion in GMNA, Goodwill impairment charges of $395 million in GME, charges related to HKJV of $106 million in GMIO and a gain on the sale of Ally Financial preferred stock of $339 million in Corporate.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration