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Supplementary Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Quarterly Financial Information (Unaudited) [Text Block]
Supplementary Quarterly Financial Information (Unaudited)

The following tables summarize supplementary quarterly financial information:
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
2016
 
 
 
 
 
 
 
Total net sales and revenue
$
37,265

 
$
42,372

 
$
42,825

 
$
43,918

Automotive gross margin
$
4,606

 
$
5,663

 
$
5,556

 
$
4,691

Net income
$
1,931

 
$
2,850

 
$
2,712

 
$
1,775

Net income attributable to stockholders
$
1,953

 
$
2,866

 
$
2,773

 
$
1,835

Basic earnings per common share
$
1.26

 
$
1.85

 
$
1.79

 
$
1.21

Diluted earnings per common share
$
1.24

 
$
1.81

 
$
1.76

 
$
1.19

 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
2015
 
 
 
 
 
 
 
Total net sales and revenue
$
35,712

 
$
38,180

 
$
38,843

 
$
39,621

Automotive gross margin
$
3,690

 
$
4,073

 
$
5,082

 
$
4,756

Net income
$
908

 
$
1,140

 
$
1,341

 
$
6,226

Net income attributable to stockholders
$
945

 
$
1,117

 
$
1,359

 
$
6,266

Basic earnings per common share
$
0.58

 
$
0.70

 
$
0.86

 
$
4.03

Diluted earnings per common share
$
0.56

 
$
0.67

 
$
0.84

 
$
3.92



The three months ended December 31, 2015 included an income tax benefit of $3.9 billion related to the reversal of deferred tax asset valuation allowances at GME, and a gain on extinguishment of debt of $449 million related to unsecured debt in Brazil in GMSA on a pre-tax basis. The three months ended September 30, 2015 included charges for various legal matters of approximately $1.5 billion related to the Ignition Switch Recall in Corporate on a pre-tax basis. The three months ended June 30, 2015 included asset impairment charges of $297 million related to our Thailand subsidiaries in GMIO, and a charge of $604 million for the Venezuela currency devaluation in GMSA, each on a pre-tax basis. The three months ended March 31, 2015 included costs related to the Russia exit of $337 million in GME and $91 million in GMIO and a charge of $150 million for the Ignition Switch Recall compensation program in Corporate, each on a pre-tax basis.