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GM Financial Receivables (Notes) | 9 Months Ended
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Sep. 30, 2016
GM Financial [Member] |
Finance Receivables [Line Items] |
GM Financial Receivables [Text Block] | GM Financial Receivables
| September 30, 2016 |  | December 31, 2015
| Retail |  | Commercial |  | Total |  | Retail |  | Commercial |  | Total
GM Financial receivables | $ | 32,246 |  |  | $ | 9,422 |  |  | $ | 41,668 |  |  | $ | 29,124 |  |  | $ | 8,209 |  |  | $ | 37,333 |
Less: allowance for loan losses | (822 | ) |  | (52 | ) |  | (874 | ) |  | (735 | ) |  | (47 | ) |  | (782 | )
GM Financial receivables, net | $ | 31,424 |  |  | $ | 9,370 |  |  | $ | 40,794 |  |  | $ | 28,389 |  |  | $ | 8,162 |  |  | $ | 36,551 |
Fair value of GM Financial receivables |  |  |  |  | $ | 41,192 |  |  |  |  |  |  | $ | 36,707 |
GM Financial estimates the fair value of retail finance receivables using observable and unobservable inputs within a cash flow model, a Level 3 input. The inputs reflect assumptions regarding expected prepayments, deferrals, delinquencies, recoveries and charge-offs of the loans within the portfolio. The cash flow model produces an estimated amortization schedule of the finance receivables which is the basis for the calculation of the series of cash flows that derive the fair value of the portfolio. The series of cash flows is calculated and discounted using a weighted-average cost of capital or current interest rates. The weighted-average cost of capital uses unobservable debt and equity percentages, an unobservable cost of equity and an observable cost of debt based on companies with a similar credit rating and maturity profile as the portfolio. Macroeconomic factors could affect the credit performance of the portfolio and therefore could potentially affect the assumptions used in GM Financial's cash flow model. A substantial majority of GM Financial's commercial finance receivables have variable interest rates and maturities of one year or less. Therefore, the carrying amount is considered to be a reasonable estimate of fair value using Level 2 inputs.
| Three Months Ended |  | Nine Months Ended
| September 30, 2016 |  | September 30, 2015 |  | September 30, 2016 |  | September 30, 2015
Allowance for loan losses at beginning of period | $ | 864 |  |  | $ | 760 |  |  | $ | 782 |  |  | $ | 695 |
Provision for loan losses | 172 |  |  | 144 |  |  | 519 |  |  | 440 |
Charge-offs | (294 | ) |  | (256 | ) |  | (853 | ) |  | (710 | )
Recoveries | 134 |  |  | 124 |  |  | 417 |  |  | 357 |
Effect of foreign currency | (2 | ) |  | (14 | ) |  | 9 |  |  | (24 | )
Allowance for loan losses at end of period | $ | 874 |  |  | $ | 758 |  |  | $ | 874 |  |  | $ | 758 |
The activity for the allowance for commercial loan losses was insignificant in the three and nine months ended September 30, 2016 and 2015. Retail Finance Receivables GM Financial uses proprietary scoring systems in its underwriting process that measure the credit quality of retail finance receivables using several factors, such as credit bureau information, consumer credit risk scores (e.g. FICO scores or its equivalent) and contract characteristics. In addition to GM Financial's proprietary scoring systems, GM Financial considers other individual consumer factors such as employment history, financial stability and capacity to pay. Subsequent to origination GM Financial reviews the credit quality of retail receivables based on customer payment activity. In North America, while we historically focused on consumers with lower than prime credit scores, we have expanded our prime lending programs. At September 30, 2016 and December 31, 2015, 51% and 60% of the retail finance receivables in North America were from consumers with sub-prime credit scores, which are defined as FICO scores or its equivalent of less than 620 at the time of loan origination. At the time of loan origination, substantially all of GM Financial's international consumers have the equivalent of prime credit scores. An account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. At September 30, 2016 and December 31, 2015 the accrual of finance charge income had been suspended on delinquent retail finance receivables with contractual amounts due of $816 million and $778 million. The following table summarizes the contractual amount of delinquent contracts, which was not significantly different than the recorded investment of the retail finance receivables:
|  | September 30, 2016 |  | September 30, 2015
|  | Amount |  | Percent of Contractual Amount Due |  | Amount |  | Percent of Contractual Amount Due
31-to-60 days delinquent |  | $ | 1,127 |  |  | 3.5 | % |  | $ | 1,137 |  |  | 4.0 | %
Greater-than-60 days delinquent |  | 503 |  |  | 1.5 | % |  | 454 |  |  | 1.6 | %
Total finance receivables more than 30 days delinquent |  | 1,630 |  |  | 5.0 | % |  | 1,591 |  |  | 5.6 | %
In repossession |  | 60 |  |  | 0.2 | % |  | 53 |  |  | 0.2 | %
Total finance receivables more than 30 days delinquent or in repossession |  | $ | 1,690 |  |  | 5.2 | % |  | $ | 1,644 |  |  | 5.8 | %
At September 30, 2016 and December 31, 2015 retail finance receivables classified as troubled debt restructurings and individually evaluated for impairment were $1.8 billion and $1.6 billion and the allowance for loan losses included $256 million and $220 million of specific allowances on these receivables. Commercial Finance Receivables GM Financial's commercial finance receivables consist of dealer financings, primarily for inventory purchases. A proprietary model is used to assign a risk rating to each dealer. A credit review of each dealer is performed at least annually, and if necessary, the dealer's risk rating is adjusted on the basis of the review. Dealers in Group VI are subject to additional restrictions on funding, up to suspension of lines of credit and liquidation of assets. At September 30, 2016 and December 31, 2015 the commercial finance receivables on non-accrual status were insignificant. The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables:
|  | September 30, 2016 |  | December 31, 2015
Group I | – Dealers with superior financial metrics | $ | 1,505 |  |  | $ | 1,298 |
Group II | – Dealers with strong financial metrics | 2,938 |  |  | 2,573 |
Group III | – Dealers with fair financial metrics | 3,097 |  |  | 2,597 |
Group IV | – Dealers with weak financial metrics | 1,134 |  |  | 1,058 |
Group V | – Dealers warranting special mention due to potential weaknesses | 604 |  |  | 501 |
Group VI | – Dealers with loans classified as substandard, doubtful or impaired | 144 |  |  | 182 |
|  | $ | 9,422 |  |  | $ | 8,209 |

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- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953791-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e4975-111524 + Details
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