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Discontinued Operations (Tables)
 6 Months Ended
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

__________
(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