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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the results of the European Business operations:
 
Years Ended December 31,

2017

2016

2015
Automotive net sales and revenue
$
11,257


$
19,704


$
19,075

GM Financial net sales and revenue
466


552


573

Total net sales and revenue
11,723


20,256


19,648

Automotive cost of sales
11,049


18,894


18,343

GM Financial interest, operating and other expenses
342


423


429

Automotive selling, general, and administrative expense
813


1,356


1,517

Other income and (expense) items
(72
)

93


(12
)
Loss from discontinued operations before taxes
553


324


653

Loss on sale of discontinued operations before taxes(a)(b)
2,176


—


—

Total loss from discontinued operations before taxes
2,729


324


653

Income tax expense (benefit)(b)(c)
1,483


(323
)

(678
)
Income (loss) from discontinued operations, net of tax
$
(4,212
)

$
(1
)

$
25

__________
(a)
Includes contract cancellation charges associated with the disposal for the year ended December 31, 2017.
(b)
Total loss on sale of discontinued operations, net of tax was $3.9 billion for the year ended December 31, 2017.
(c)
Includes $2.0 billion of deferred tax assets that transferred to PSA Group in the year ended December 31, 2017.

The following table summarizes the assets and liabilities of the European Business at December 31, 2016:

December 31, 2016
Current Assets


Cash and cash equivalents
$
386

Accounts and notes receivable, net
938

GM Financial receivables, net
5,938

Inventories
2,748

Equipment on operating leases, net
786

Other current assets
382

Total current assets held for sale
11,178

Non-current Assets

GM Financial receivables, net
3,723

Property, net
3,217

Deferred income taxes
1,920

Other assets
515

Total non-current assets held for sale
9,375

Total Assets Held for Sale
$
20,553



Current Liabilities

Accounts payable (principally trade)
$
3,628

Short-term debt and current portion of long-term debt

Automotive
107

GM Financial
5,124

Accrued liabilities
3,299

Total current liabilities held for sale
12,158

Non-current Liabilities

Long-term debt

Automotive
85

GM Financial
4,189

Pensions
2,687

Other liabilities
665

Total non-current liabilities held for sale
7,626

Total Liabilities Held for Sale
$
19,784