| Segment reporting [Text Block] |
Segment Reporting
We analyze the results of our business through the following segments: GMNA, GME, GMIO, GMSA and GM Financial. The chief operating decision maker evaluates the operating results and performance of our automotive segments through income before interest and income taxes, as adjusted for additional amounts, which is presented net of noncontrolling interests. The chief operating decision maker evaluates GM Financial through income before income taxes-adjusted because he/she believes interest income and interest expense are part of operating results when assessing and measuring the operational and financial performance of the segment. 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 allocated 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 and other factors, we do not manage our business on an individual brand or vehicle basis.
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. Fleet sales are completed through the network of dealers and in some cases directly with fleet customers. Retail and fleet customers can obtain a wide range of after-sale 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 Buick, Cadillac, Chevrolet and GMC brands. The demands of customers outside North America are primarily met with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands. We also have equity ownership stakes directly or indirectly in entities through various regional subsidiaries, primarily in Asia. These companies design, manufacture and market vehicles under the Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands.
Our automotive operations' interest income and interest expense are recorded centrally in Corporate. Corporate assets consist primarily of cash and cash equivalents, marketable securities and intercompany balances. All intersegment balances and transactions have been eliminated in consolidation.
The following tables summarize key financial information by segment (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | At and For the Three Months Ended September 30, 2015 | | GMNA | | GME | | GMIO | | GMSA | | Corporate | | Eliminations | | Total Automotive | | GM Financial | | Eliminations | | Total | Net sales and revenue | $ | 27,794 |
| | $ | 4,556 |
| | $ | 3,016 |
| | $ | 1,738 |
| | $ | 36 |
| | | | $ | 37,140 |
| | $ | 1,707 |
| | $ | (4 | ) | | $ | 38,843 |
| Income (loss) before automotive interest and taxes-adjusted | $ | 3,293 |
| | $ | (231 | ) | | $ | 269 |
| | $ | (217 | ) | | $ | (247 | ) | | | | $ | 2,867 |
| | $ | 231 |
| | $ | (2 | ) | | $ | 3,096 |
| Adjustments(a) | $ | 7 |
| | $ | — |
| | $ | (7 | ) | | $ | — |
| | $ | (1,500 | ) | | | | $ | (1,500 | ) | | $ | — |
| | $ | — |
| | (1,500 | ) | Automotive interest income | | | | | | | | | | | | | | | | | | | 40 |
| Automotive interest expense | | | | | | | | | | | | | | | | | | | (112 | ) | Net (loss) attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | (18 | ) | Income before income taxes | | | | | | | | | | | | | | | | | | | 1,506 |
| Income tax expense | | | | | | | | | | | | | | | | | | | (165 | ) | Net loss attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | 18 |
| Net income attributable to stockholders | | | | | | | | | | | | | | | | | | | $ | 1,359 |
| | | | | | | | | | | | | | | | | | | | | Total assets | $ | 94,744 |
| | $ | 10,531 |
| | $ | 21,324 |
| | $ | 7,708 |
| | $ | 21,718 |
| | $ | (24,765 | ) | | $ | 131,260 |
| | $ | 59,692 |
| | $ | (1,952 | ) | | $ | 189,000 |
| Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 1,009 |
| | $ | 139 |
| | $ | 117 |
| | $ | 56 |
| | $ | 4 |
| | $ | (1 | ) | | $ | 1,324 |
| | $ | 657 |
| | $ | — |
| | $ | 1,981 |
|
| | (a) | Consists primarily of charges for various legal matters of approximately $1.5 billion related to the ignition switch recall in Corporate. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | At and For the Three Months Ended September 30, 2014 | | GMNA | | GME | | GMIO | | GMSA | | Corporate | | Eliminations | | Total Automotive | | GM Financial | | Eliminations | | Total | Net sales and revenue | $ | 25,816 |
| | $ | 5,226 |
| | $ | 3,716 |
| | $ | 3,202 |
| | $ | 39 |
| | | | $ | 37,999 |
| | $ | 1,261 |
| | $ | (5 | ) | | $ | 39,255 |
| Income (loss) before automotive interest and taxes-adjusted | $ | 2,452 |
| | $ | (387 | ) | | $ | 259 |
| | $ | (32 | ) | | $ | (233 | ) | | | | $ | 2,059 |
| | $ | 205 |
| | $ | (1 | ) | | $ | 2,263 |
| Adjustments(a) | $ | (132 | ) | | $ | (194 | ) | | $ | 2 |
| | $ | — |
| | $ | — |
| | | | $ | (324 | ) | | $ | 3 |
| | $ | — |
| | (321 | ) | Automotive interest income | | | | | | | | | | | | | | | | | | | 50 |
| Automotive interest expense | | | | | | | | | | | | | | | | | | | (96 | ) | Gain on extinguishment of debt | | | | | | | | | | | | | | | | | | | 2 |
| Net (loss) attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | (29 | ) | Income before income taxes | | | | | | | | | | | | | | | | | | | 1,869 |
| Income tax expense | | | | | | | | | | | | | | | | | | | (427 | ) | Net loss attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | 29 |
| Net income attributable to stockholders | | | | | | | | | | | | | | | | | | | $ | 1,471 |
| | | | | | | | | | | | | | | | | | | | | Total assets | $ | 96,668 |
| | $ | 11,463 |
| | $ | 21,797 |
| | $ | 10,933 |
| | $ | 29,417 |
| | $ | (34,999 | ) | | $ | 135,279 |
| | $ | 43,762 |
| | $ | (2,133 | ) | | $ | 176,908 |
| Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 1,023 |
| | $ | 282 |
| | $ | 206 |
| | $ | 92 |
| | $ | 20 |
| | $ | (1 | ) | | $ | 1,622 |
| | $ | 248 |
| | $ | — |
| | $ | 1,870 |
|
__________ | | (a) | Consists primarily of charges related to flood damage of $132 million in GMNA; and property and intangible asset impairment charges of $194 million related to our Russian subsidiaries in GME. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2015 | | GMNA | | GME | | GMIO | | GMSA | | Corporate | | Eliminations | | Total Automotive | | GM Financial | | Eliminations | | Total | Net sales and revenue | $ | 78,951 |
| | $ | 13,992 |
| | $ | 9,181 |
| | $ | 5,939 |
| | $ | 111 |
| | | | $ | 108,174 |
| | $ | 4,576 |
| | $ | (15 | ) | | $ | 112,735 |
| Income (loss) before automotive interest and taxes-adjusted | $ | 8,255 |
| | $ | (515 | ) | | $ | 989 |
| | $ | (575 | ) | | $ | (768 | ) | | | | $ | 7,386 |
| | $ | 670 |
| | $ | (7 | ) | | $ | 8,049 |
| Adjustments(a) | $ | 36 |
| | $ | (354 | ) | | $ | (394 | ) | | $ | (720 | ) | | $ | (1,725 | ) | | | | $ | (3,157 | ) | | $ | — |
| | $ | — |
| | (3,157 | ) | Automotive interest income | | | | | | | | | | | | | | | | | | | 130 |
| Automotive interest expense | | | | | | | | | | | | | | | | | | | (330 | ) | Net (loss) attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | (32 | ) | Income before income taxes | | | | | | | | | | | | | | | | | | | 4,660 |
| Income tax expense | | | | | | | | | | | | | | | | | | | (1,271 | ) | Net loss attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | 32 |
| Net income attributable to stockholders | | | | | | | | | | | | | | | | | | | $ | 3,421 |
| | | | | | | | | | | | | | | | | | | | | Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 3,143 |
| | $ | 378 |
| | $ | 643 |
| | $ | 239 |
| | $ | 12 |
| | $ | (3 | ) | | $ | 4,412 |
| | $ | 1,496 |
| | $ | — |
| | $ | 5,908 |
|
__________ | | (a) | Consists primarily of net insurance recoveries related to flood damage of $36 million in GMNA; costs related to the change in our business model in Russia of $354 million in GME and $96 million in GMIO, which is net of noncontrolling interests; asset impairment charges of $297 million related to our Thailand subsidiaries in GMIO; Venezuela currency devaluation of $604 million and asset impairment charges of $116 million related to our Venezuela subsidiaries in GMSA; and charges related to the ignition switch recall including the compensation program of $225 million and various legal matters of approximately $1.5 billion in Corporate. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2014 | | GMNA | | GME | | GMIO | | GMSA | | Corporate | | Eliminations | | Total Automotive | | GM Financial | | Eliminations | | Total | Net sales and revenue | $ | 75,891 |
| | $ | 16,820 |
| | $ | 10,548 |
| | $ | 9,404 |
| | $ | 113 |
| | | | $ | 112,776 |
| | $ | 3,549 |
| | $ | (13 | ) | | $ | 116,312 |
| Income (loss) before automotive interest and taxes-adjusted | $ | 4,394 |
| | $ | (976 | ) | | $ | 826 |
| | $ | (269 | ) | | $ | (576 | ) | | | | $ | 3,399 |
| | $ | 684 |
| | $ | (3 | ) | | $ | 4,080 |
| Adjustments(a) | $ | (1,006 | ) | | $ | (194 | ) | | $ | (19 | ) | | $ | (419 | ) | | $ | (400 | ) | | | | $ | (2,038 | ) | | $ | 11 |
| | $ | — |
| | (2,027 | ) | Automotive interest income | | | | | | | | | | | | | | | | | | | 155 |
| Automotive interest expense | | | | | | | | | | | | | | | | | | | (299 | ) | Gain on extinguishment of debt | | | | | | | | | | | | | | | | | | | 2 |
| Net income attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | 47 |
| Income before income taxes | | | | | | | | | | | | | | | | | | | 1,958 |
| Income tax benefit | | | | | | | | | | | | | | | | | | | 51 |
| Net (income) attributable to noncontrolling interests | | | | | | | | | | | | | | | | | | | (47 | ) | Net income attributable to stockholders | | | | | | | | | | | | | | | | | | | $ | 1,962 |
| | | | | | | | | | | | | | | | | | | | | Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 3,336 |
| | $ | 506 |
| | $ | 482 |
| | $ | 297 |
| | $ | 55 |
| | $ | (3 | ) | | $ | 4,673 |
| | $ | 623 |
| | $ | — |
| | $ | 5,296 |
|
__________ | | (a) | Consists primarily of a catch-up adjustment related to the change in estimate for recall campaigns of $874 million and charges related to flood damage of $132 million in GMNA; property and intangible asset impairment charges of $194 million related to our Russian subsidiaries in GME; Venezuela currency devaluation of $419 million in GMSA; and a charge related to the ignition switch recall compensation program of $400 million in Corporate. |
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