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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Automotive [Member]  
Derivative [Line Items]  
Schedule of Notional Amounts for Derivative Financial Instruments
The following table presents the notional amounts of derivative financial instruments in our automotive operations:
 
Fair Value Level
 
December 31, 2018

December 31, 2017
Derivatives not designated as hedges(a)
 
 
 
 
 
Foreign currency
2
 
$
2,710


$
4,022

Commodity
2
 
658


606

PSA Warrants(b)
2
 
45

 
48

Total derivative financial instruments
 
 
$
3,413


$
4,676

__________
(a)
The fair value of these derivative instruments at December 31, 2018 and 2017 and the gains/losses included in our consolidated income statements for the years ended December 31, 2018, 2017 and 2016 were insignificant, unless otherwise noted.
(b)
The fair value of the PSA warrants located in Other assets was $827 million and $764 million at December 31, 2018 and 2017. We recorded insignificant amounts in Interest income and other non-operating income, net for the years ended December 31, 2018 and 2017.
GM Financial [Member]  
Derivative [Line Items]  
Schedule of Notional Amounts for Derivative Financial Instruments
The following table presents the notional amounts of GM Financial's derivative financial instruments:
 
Fair Value Level
 
December 31, 2018
 
December 31, 2017
Derivatives designated as hedges(a)(b)
 
 
 
 
 
 Fair value hedges – interest rate swaps(c)
2
 
$
9,533


$
11,110

 Fair value hedges – foreign currency swaps(c)
2
 
1,829



 Cash flow hedges
 
 





Interest rate swaps
2
 
768


2,177

Foreign currency swaps
2
 
2,075


1,574

Derivatives not designated as hedges(a)(b)
 
 
 
 
 
Interest rate contracts(d)
2
 
99,666


81,938

Foreign currency swaps
2
 


1,201

Total derivative financial instruments(e)
 
 
$
113,871


$
98,000

__________
(a)
The fair value of these derivative instruments at December 31, 2018 and 2017 and the gains/losses included in our consolidated income statements and statements of comprehensive income for the years ended December 31, 2018, 2017 and 2016 were insignificant, unless otherwise noted.
(b)
Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.
(c)
The fair value of these derivative instruments located in Other liabilities was $291 million and $290 million at December 31, 2018 and 2017. The fair value of these derivative instruments located in Other assets were insignificant at December 31, 2018 and 2017.
(d)
The fair value of these derivative instruments located in Other assets was $372 million and $329 million at December 31, 2018 and 2017. The fair value of these derivative instruments located in Other liabilities was $520 million and $207 million at December 31, 2018 and 2017.
(e)
We held insignificant amounts and posted $451 million and $299 million of collateral available for netting at December 31, 2018 and 2017.
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following amounts were recorded in the consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships:
 
December 31, 2018
 
Carrying Amount of Hedged Items
 
Cumulative Amount of Fair Value Hedging Adjustments(a)
GM Financial long-term debt
$
17,923

 
$
459

__________
(a)
Includes $247 million of adjustments remaining on hedged items for which hedge accounting has been discontinued.