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Finance Receivables, Net Finance Receivables (Tables)
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3 Months Ended |
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Mar. 31, 2012
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| Finance Receivables, net [Abstract] |
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| Finance receivables, net [Table Text Block] |
The following table summarizes GM Financial finance receivables, net (dollars in millions): | | | | | | | | | | March 31, 2012 | | December 31, 2011 | Current | $ | 3,314 |
| | $ | 3,251 |
| Non-current | 6,162 |
| | 5,911 |
| Total GM Financial finance receivables, net | $ | 9,476 |
| | $ | 9,162 |
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The following table summarizes the components of GM Financial finance receivables, net (dollars in millions): | | | | | | | | | | March 31, 2012 | | December 31, 2011 | Pre-acquisition finance receivables, outstanding balance | $ | 3,675 |
| | $ | 4,366 |
| Pre-acquisition finance receivables, carrying amount | $ | 3,358 |
| | $ | 4,027 |
| Post-acquisition finance receivables, net of fees | 6,326 |
| | 5,314 |
| Total finance receivables | 9,684 |
| | 9,341 |
| Less: allowance for loan losses on post-acquisition finance receivables | (208 | ) | | (179 | ) | Total GM Financial finance receivables, net | $ | 9,476 |
| | $ | 9,162 |
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| Finance Receivable Activity [Table Text Block] |
The following table summarizes activity for finance receivables (dollars in millions): | | | | | | | | | | Three Months Ended March 31, | | 2012 | | 2011 | Pre-acquisition finance receivables, carrying amount, beginning of period | $ | 4,027 |
| | $ | 7,299 |
| Post-acquisition finance receivables, beginning of period | 5,314 |
| | 924 |
| Loans purchased | 1,396 |
| | 1,138 |
| Charge-offs | (51 | ) | | (2 | ) | Principal collections and other | (920 | ) | | (852 | ) | Change in carrying amount adjustment on the pre-acquisition finance receivables | (82 | ) | | (166 | ) | Balance at end of period | $ | 9,684 |
| | $ | 8,341 |
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| Finance Receivables Fair Value [Table Text Block] |
The following table summarizes the carrying amount and estimated fair value of GM Financial finance receivables, net (dollars in millions): | | | | | | | | | | | | | | | | | | March 31, 2012 | | December 31, 2011 | | Carrying Amount | |
Fair Value | | Carrying Amount | |
Fair Value | GM Financial finance receivables, net | $ | 9,476 |
| | $ | 9,760 |
| | $ | 9,162 |
| | $ | 9,386 |
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| Accretable Yield [Table Text Block] |
The following table summarizes accretable yield (dollars in millions): | | | | | | | | | | Three Months Ended March 31, | | 2012 | | 2011 | Balance at beginning of period | $ | 737 |
| | $ | 1,201 |
| Accretion of accretable yield | (136 | ) | | (202 | ) | Transfer from non-accretable discount | 167 |
| | — |
| Balance at end of period | $ | 768 |
| | $ | 999 |
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| Allowance for Credit Losses on Financing Receivables [Table Text Block] |
The following table summarizes the allowance for post-acquisition loan losses (dollars in millions): | | | | | | | | | | March 31, 2012 | | December 31, 2011 | Current | $ | 161 |
| | $ | 136 |
| Non-current | 47 |
| | 43 |
| Total allowance for post-acquisition loan losses | $ | 208 |
| | $ | 179 |
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The following table summarizes activity for the allowance for post-acquisition loan losses (dollars in millions): | | | | | | | | | | Three Months Ended March 31, | | 2012 | | 2011 | Balance at beginning of period | $ | 179 |
| | $ | 26 |
| Provision for loan losses | 48 |
| | 39 |
| Charge-offs | (51 | ) | | (2 | ) | Recoveries | 32 |
| | 2 |
| Balance at end of period | $ | 208 |
| | $ | 65 |
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| Financing Receivable Credit Quality Indicators [Table Text Block] |
Credit bureau scores, generally referred to as FICO scores, are determined during GM Financial's automotive loan origination process. The following table summarizes the credit risk profile of finance receivables by FICO score band, determined at origination (dollars in millions): | | | | | | | | | | March 31, 2012 | | December 31, 2011 | FICO score less than 540 | $ | 2,371 |
| | $ | 2,133 |
| FICO score 540 to 599 | 4,356 |
| | 4,167 |
| FICO score 600 to 659 | 2,598 |
| | 2,624 |
| FICO score greater than 660 | 676 |
| | 756 |
| Balance at end of period(a) | $ | 10,001 |
| | $ | 9,680 |
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| Past Due Financing Receivables [Table Text Block] |
The following summarizes the contractual amount of finance receivables, which is not materially different than the recorded investment, more than 30 days delinquent, but not yet in repossession, and in repossession, but not yet charged off (dollars in millions): | | | | | | | | | | | | | | | | March 31, 2012 | | March 31, 2011 | | Amount | | Percent of Contractual Amount Due | | Amount | | Percent of Contractual Amount Due | Delinquent contracts | | | | | | | | 31-to-60 days | $ | 318 |
| | 3.2 | % | | $ | 333 |
| | 3.8 | % | Greater-than-60 days | 125 |
| | 1.2 | % | | 135 |
| | 1.5 | % | Total finance receivables more than 30 days delinquent | 443 |
| | 4.4 | % | | 468 |
| | 5.3 | % | In repossession | 25 |
| | 0.3 | % | | 26 |
| | 0.3 | % | Total finance receivables more than 30 days delinquent and in repossession | $ | 468 |
| | 4.7 | % | | $ | 494 |
| | 5.6 | % |
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