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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table summarizes the results of the discontinued operations:
| Three Months Ended |  | Six Months Ended
| June 30, 2017 |  | June 30, 2016 |  | June 30, 2017 |  | June 30, 2016
Automotive net sales and revenue | $ | 5,005 |  |  | $ | 5,649 |  |  | $ | 9,704 |  |  | $ | 10,567 |
GM Financial net sales and revenue | 139 |  |  | 146 |  |  | 267 |  |  | 286 |
Total net sales and revenue | 5,144 |  |  | 5,795 |  |  | 9,971 |  |  | 10,853 |
Automotive cost of sales | 4,906 |  |  | 5,291 |  |  | 9,466 |  |  | 10,008 |
GM Financial interest, operating and other expenses | 102 |  |  | 101 |  |  | 202 |  |  | 213 |
Automotive selling, general, and administrative expense | 353 |  |  | 339 |  |  | 679 |  |  | 687 |
Other income and (expense) items | (1 | ) |  | 36 |  |  | 2 |  |  | 65 |
Income (loss) from discontinued operations before taxes | (218 | ) |  | 100 |  |  | (374 | ) |  | 10 |
Loss on sale of discontinued operations before taxes(a) | 836 |  |  | — |  |  | 836 |  |  | — |
Total income (loss) from discontinued operations before taxes | (1,054 | ) |  | 100 |  |  | (1,210 | ) |  | 10 |
Income tax benefit | 284 |  |  | 6 |  |  | 371 |  |  | 104 |
Income (loss) from discontinued operations, net of tax | $ | (770 | ) |  | $ | 106 |  |  | $ | (839 | ) |  | $ | 114 |
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(a) | Includes contract cancellation charges associated with the disposal.
The following table summarizes the assets and liabilities of the European Business:
| June 30, 2017 |  | December 31, 2016
Current Assets |  |  |
Cash and cash equivalents | $ | 288 |  |  | $ | 386 |
Accounts and notes receivable, net | 1,226 |  |  | 938 |
GM Financial receivables, net | 6,506 |  |  | 5,938 |
Inventories | 3,233 |  |  | 2,748 |
Equipment on operating leases, net | 1,077 |  |  | 786 |
Other current assets | 432 |  |  | 382 |
Total current assets held for sale | 12,762 |  |  | 11,178 |
Non-current Assets |  |  |
GM Financial receivables, net | 4,134 |  |  | 3,723 |
Property, net | 3,743 |  |  | 3,217 |
Deferred income taxes | 2,163 |  |  | 1,920 |
Other assets | 360 |  |  | 515 |
Total non-current assets held for sale | 10,400 |  |  | 9,375 |
Total Assets Held for Sale | $ | 23,162 |  |  | $ | 20,553 |
Current Liabilities |  |  |
Accounts payable (principally trade) | $ | 4,098 |  |  | $ | 3,628 |
Short-term debt and current portion of long-term debt |  |  |
Automotive | 95 |  |  | 107 |
GM Financial | 5,530 |  |  | 5,124 |
Accrued liabilities | 4,570 |  |  | 3,299 |
Total current liabilities held for sale | 14,293 |  |  | 12,158 |
Non-current Liabilities |  |  |
Long-term debt |  |  |
Automotive | 75 |  |  | 85 |
GM Financial | 4,481 |  |  | 4,189 |
Pensions | 2,882 |  |  | 2,687 |
Other liabilities | 785 |  |  | 665 |
Total non-current liabilities held for sale | 8,223 |  |  | 7,626 |
Total Liabilities Held for Sale | $ | 22,516 |  |  | $ | 19,784 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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