XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Reporting (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2016
Segment Reporting [Abstract] |
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. While not all vehicles within a segment are individually profitable on a fully allocated cost basis, those vehicles attract customers to dealer showrooms and help maintain sales volumes for other, more profitable vehicles and contribute towards meeting required fuel efficiency standards. 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, crossovers and automobile 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, trucks and crossovers are also sold to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. Fleet sales are completed through the dealer network 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/or 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:
| At and For the Three Months Ended June 30, 2016
| GMNA |  | GME |  | GMIO |  | GMSA |  | Corporate |  | Eliminations |  | Total Automotive |  | GM Financial |  | Eliminations |  | Total
Net sales and revenue | $ | 30,195 |  |  | $ | 5,386 |  |  | $ | 2,825 |  |  | $ | 1,638 |  |  | $ | 45 |  |  |  |  | $ | 40,089 |  |  | $ | 2,292 |  |  | $ | (9 | ) |  | $ | 42,372 |
Income (loss) before automotive interest and taxes-adjusted | $ | 3,647 |  |  | $ | 137 |  |  | $ | 169 |  |  | $ | (121 | ) |  | $ | (145 | ) |  |  |  | $ | 3,687 |  |  | $ | 266 |  |  | $ | (6 | ) |  | $ | 3,947 |
Adjustments(a) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (115 | ) |  |  |  | $ | (115 | ) |  | $ | — |  |  | $ | — |  |  | (115 | )
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 52 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (147 | )
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (16 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,721 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (871 | )
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 |
Net income attributable to common stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,866 |
Total assets(b) | $ | 99,189 |  |  | $ | 14,453 |  |  | $ | 21,318 |  |  | $ | 7,670 |  |  | $ | 21,438 |  |  | $ | (29,592 | ) |  | $ | 134,476 |  |  | $ | 77,724 |  |  | $ | (1,751 | ) |  | $ | 210,449 |
Depreciation and amortization | $ | 1,072 |  |  | $ | 115 |  |  | $ | 105 |  |  | $ | 70 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 1,365 |  |  | $ | 1,126 |  |  | $ | — |  |  | $ | 2,491 |
Impairment charges | $ | 29 |  |  | $ | 28 |  |  | $ | 31 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 88 |  |  | $ | — |  |  | $ | — |  |  | $ | 88 |
__________
(a) | Charges for legal related matters in Corporate.
(b) | For GMNA includes investment of $500 million in Lyft, Inc. (Lyft), a privately held company, which was accounted for as a cost method investment.
| At and For the Three Months Ended June 30, 2015
| GMNA |  | GME |  | GMIO |  | GMSA |  | Corporate |  | Eliminations |  | Total Automotive |  | GM Financial |  | Eliminations |  | Total
Net sales and revenue | $ | 26,481 |  |  | $ | 4,987 |  |  | $ | 3,053 |  |  | $ | 2,109 |  |  | $ | 40 |  |  |  |  | $ | 36,670 |  |  | $ | 1,515 |  |  | $ | (5 | ) |  | $ | 38,180 |
Income (loss) before automotive interest and taxes-adjusted | $ | 2,780 |  |  | $ | (45 | ) |  | $ | 349 |  |  | $ | (144 | ) |  | $ | (292 | ) |  |  |  | $ | 2,648 |  |  | $ | 225 |  |  | $ | (2 | ) |  | $ | 2,871 |
Adjustments(a) | $ | (3 | ) |  | $ | (17 | ) |  | $ | (295 | ) |  | $ | (720 | ) |  | $ | (75 | ) |  |  |  | $ | (1,110 | ) |  | $ | — |  |  | $ | — |  |  | (1,110 | )
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 41 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (108 | )
Net income attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 23 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,717 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (577 | )
Net (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (23 | )
Net income attributable to common stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,117 |
Total assets | $ | 89,606 |  |  | $ | 11,090 |  |  | $ | 21,049 |  |  | $ | 8,269 |  |  | $ | 21,815 |  |  | $ | (19,836 | ) |  | $ | 131,993 |  |  | $ | 55,288 |  |  | $ | (1,828 | ) |  | $ | 185,453 |
Depreciation and amortization | $ | 939 |  |  | $ | 80 |  |  | $ | 113 |  |  | $ | 73 |  |  | $ | 4 |  |  | $ | (1 | ) |  | $ | 1,208 |  |  | $ | 494 |  |  | $ | — |  |  | $ | 1,702 |
Impairment charges | $ | 94 |  |  | $ | 38 |  |  | $ | 302 |  |  | $ | 34 |  |  | $ | — |  |  | $ | — |  |  | $ | 468 |  |  | $ | — |  |  | $ | — |  |  | $ | 468 |
__________
(a) | Consist primarily of costs related to the change in our business model in Russia in GME; asset impairment charges related to our Thailand subsidiaries in GMIO; Venezuela currency devaluation and asset impairment charges related to our Venezuela subsidiaries in GMSA; and charge related to the ignition switch recall compensation program in Corporate.
| For the Six Months Ended June 30, 2016
| GMNA |  | GME |  | GMIO |  | GMSA |  | Corporate |  | Eliminations |  | Total Automotive |  | GM Financial |  | Eliminations |  | Total
Net sales and revenue | $ | 56,658 |  |  | $ | 10,067 |  |  | $ | 5,504 |  |  | $ | 2,981 |  |  | $ | 74 |  |  |  |  | $ | 75,284 |  |  | $ | 4,367 |  |  | $ | (14 | ) |  | $ | 79,637 |
Income (loss) before automotive interest and taxes-adjusted | $ | 5,943 |  |  | $ | 131 |  |  | $ | 548 |  |  | $ | (188 | ) |  | $ | (314 | ) |  |  |  | $ | 6,120 |  |  | $ | 491 |  |  | $ | (9 | ) |  | $ | 6,602 |
Adjustments(a) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (175 | ) |  |  |  | $ | (175 | ) |  | $ | — |  |  | $ | — |  |  | (175 | )
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 96 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (274 | )
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (38 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,211 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,430 | )
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 38 |
Net income attributable to common stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,819 |
Depreciation and amortization | $ | 2,093 |  |  | $ | 218 |  |  | $ | 213 |  |  | $ | 127 |  |  | $ | 8 |  |  | $ | (2 | ) |  | $ | 2,657 |  |  | $ | 2,056 |  |  | $ | — |  |  | $ | 4,713 |
Impairment charges | $ | 41 |  |  | $ | 54 |  |  | $ | 63 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 158 |  |  | $ | — |  |  | $ | — |  |  | $ | 158 |
__________
(a) | Charges for legal related matters in Corporate.
| For the Six Months Ended June 30, 2015
| GMNA |  | GME |  | GMIO |  | GMSA |  | Corporate |  | Eliminations |  | Total Automotive |  | GM Financial |  | Eliminations |  | Total
Net sales and revenue | $ | 51,157 |  |  | $ | 9,436 |  |  | $ | 6,165 |  |  | $ | 4,201 |  |  | $ | 75 |  |  |  |  | $ | 71,034 |  |  | $ | 2,869 |  |  | $ | (11 | ) |  | $ | 73,892 |
Income (loss) before automotive interest and taxes-adjusted | $ | 4,962 |  |  | $ | (284 | ) |  | $ | 720 |  |  | $ | (358 | ) |  | $ | (521 | ) |  |  |  | $ | 4,519 |  |  | $ | 439 |  |  | $ | (5 | ) |  | $ | 4,953 |
Adjustments(a) | $ | 29 |  |  | $ | (354 | ) |  | $ | (387 | ) |  | $ | (720 | ) |  | $ | (225 | ) |  |  |  | $ | (1,657 | ) |  | $ | — |  |  | $ | — |  |  | (1,657 | )
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (218 | )
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (14 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,154 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,106 | )
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14 |
Net income attributable to common stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,062 |
Depreciation and amortization | $ | 1,865 |  |  | $ | 160 |  |  | $ | 221 |  |  | $ | 149 |  |  | $ | 8 |  |  | $ | (2 | ) |  | $ | 2,401 |  |  | $ | 839 |  |  | $ | — |  |  | $ | 3,240 |
Impairment charges | $ | 269 |  |  | $ | 79 |  |  | $ | 305 |  |  | $ | 34 |  |  | $ | — |  |  | $ | — |  |  | $ | 687 |  |  | $ | — |  |  | $ | — |  |  | 687 |
__________
(a) | Consist primarily of net insurance recoveries related to flood damage in GMNA; costs related to the change in our business model in Russia in GME and in GMIO, which is net of noncontrolling interests; asset impairment charges related to our Thailand subsidiaries in GMIO; Venezuela currency devaluation and asset impairment charges related to our Venezuela subsidiaries in GMSA; and charges related to the ignition switch recall compensation program in Corporate.

X
- References No definition available. + 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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 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=68060357&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 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: 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=68060357&loc=d3e8380-108599 Reference 6: 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=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 Reference 10: 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=68060357&loc=d3e9054-108599 Reference 11: 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=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration