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Restructuring And Other Initiatives | 6 Months Ended
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Jun. 30, 2012
Restructuring and Related Activities [Abstract] |
Restructuring And Other Initiatives | Restructuring and Other Initiatives We have previously executed various restructuring and other initiatives, and we plan to execute additional initiatives in the future, if necessary, in order to align manufacturing capacity and other costs with prevailing global automotive production and to improve the utilization of remaining facilities. Related charges are recorded in Automotive cost of sales and Automotive selling, general and administrative expense. The following tables summarize the reserves related to restructuring and other initiatives (excluding restructuring reserves related to dealer wind-down agreements) and charges by segment, including postemployment benefit reserves and charges (dollars in millions):
| GMNA |  | GME |  | GMIO |  | GMSA |  | Total
Balance at January 1, 2012 | $ | 884 |  |  | $ | 687 |  |  | $ | 1 |  |  | $ | 12 |  |  | $ | 1,584 |
Additions | 97 |  |  | 9 |  |  | 4 |  |  | 2 |  |  | 112 |
Interest accretion and other | 3 |  |  | 22 |  |  | (1 | ) |  | — |  |  | 24 |
Payments | (86 | ) |  | (192 | ) |  | — |  |  | (8 | ) |  | (286 | )
Revisions to estimates | (12 | ) |  | (2 | ) |  | — |  |  | — |  |  | (14 | )
Effect of foreign currency | 8 |  |  | 16 |  |  | — |  |  | — |  |  | 24 |
Balance at March 31, 2012 | 894 |  |  | 540 |  |  | 4 |  |  | 6 |  |  | 1,444 |
Additions | 13 |  |  | 38 |  |  | 27 |  |  | 73 |  |  | 151 |
Interest accretion and other | 3 |  |  | 18 |  |  | — |  |  | — |  |  | 21 |
Payments | (123 | ) |  | (43 | ) |  | (5 | ) |  | (13 | ) |  | (184 | )
Revisions to estimates | — |  |  | (7 | ) |  | — |  |  | — |  |  | (7 | )
Effect of foreign currency | (8 | ) |  | (26 | ) |  | — |  |  | 1 |  |  | (33 | )
Balance at June 30, 2012(a) | $ | 779 |  |  | $ | 520 |  |  | $ | 26 |  |  | $ | 67 |  |  | $ | 1,392 |
| GMNA |  | GME |  | GMIO |  | GMSA |  | Total
Balance at January 1, 2011 | $ | 1,135 |  |  | $ | 664 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 1,802 |
Additions | 26 |  |  | 33 |  |  | — |  |  | 1 |  |  | 60 |
Interest accretion and other | 7 |  |  | 24 |  |  | — |  |  | — |  |  | 31 |
Payments | (129 | ) |  | (205 | ) |  | (2 | ) |  | (1 | ) |  | (337 | )
Revisions to estimates | 7 |  |  | — |  |  | — |  |  | — |  |  | 7 |
Effect of foreign currency | 16 |  |  | 34 |  |  | — |  |  | — |  |  | 50 |
Balance at March 31, 2011 | 1,062 |  |  | 550 |  |  | 1 |  |  | — |  |  | 1,613 |
Additions | 8 |  |  | 62 |  |  | — |  |  | 1 |  |  | 71 |
Interest accretion and other | 6 |  |  | 16 |  |  | — |  |  | — |  |  | 22 |
Payments | (109 | ) |  | (76 | ) |  | — |  |  | (1 | ) |  | (186 | )
Revisions to estimates | (8 | ) |  | — |  |  | — |  |  | — |  |  | (8 | )
Effect of foreign currency | (1 | ) |  | 11 |  |  | — |  |  | — |  |  | 10 |
Balance at June 30, 2011(a) | $ | 958 |  |  | $ | 563 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1,522 |
__________
(a) | The remaining cash payments related to these reserves for restructuring and other initiatives, including temporary layoff benefits of $363 million and $369 million at June 30, 2012 and June 30, 2011 for GMNA, primarily relate to postemployment benefits.
Three and Six Months Ended June 30, 2012 GMNA recorded charges, interest accretion and other and revisions to estimates primarily related to cash severance incentive programs for skilled trade U.S. hourly employees. Our 2011 UAW labor agreement included cash severance incentive programs which were completed at March 31, 2012 for skilled trade U.S. hourly employees. A total of 1,400 skilled trade U.S. hourly employees participated in these programs at a total cost of $99 million and was recorded upon irrevocable acceptances by both parties. Substantially all of the program cost was recorded in the three months ended March 31, 2012. GME recorded charges, interest accretion and other primarily related to previously announced separation and early retirement programs in Germany. Through June 30, 2012, the separation programs had a total cost of $313 million and affected a total of 1,900 employees. We expect to complete these programs in 2013 and incur an additional $0.1 billion, which will affect an additional 350 employees. To the extent these programs involve voluntary separations, no liabilities are recorded until offers to employees are accepted. If employees are involuntarily terminated, a liability is recorded at the communication date. In the three months ended June 30, 2012 GMIO recorded charges of $22 million for employee separation costs related to a voluntary separation program in Korea which affected 146 employees. A liability under this program is recorded as offers to employees are accepted. In the three months ended June 30, 2012 GMSA recorded charges of $71 million for employee separation costs related to a separation program in Brazil. We may incur additional future charges in connection with this program. Three and Six Months Ended June 30, 2011 GMNA recorded charges, interest accretion and other and revisions to estimates that increased the reserves primarily related to skilled trades U.S. hourly employees who participated in a special attrition program. GME recorded charges and interest accretion and other for separation programs primarily related to previously announced programs in Germany. Dealer Wind-downs We market vehicles worldwide through a network of independent retail dealers and distributors. We determined that a reduction in the number of GMNA dealerships was necessary. The following table summarizes GMNA's restructuring reserves related to dealer wind-down agreements (dollars in millions):
| 2012 |  | 2011
Balance at January 1 | $ | 25 |  |  | $ | 144 |
Revisions to estimates | — |  |  | (6 | )
Payments | (3 | ) |  | (80 | )
Balance at March 31 | 22 |  |  | 58 |
Revisions to estimates | (4 | ) |  | (1 | )
Payments | (1 | ) |  | (24 | )
Balance at June 30 | $ | 17 |  |  | $ | 33 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
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