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Supplementary Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Supplementary Quarterly Financial Information (Unaudited) | Supplementary Quarterly Financial Information (Unaudited) The following tables summarize supplementary quarterly financial information:
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter
2019 |  |  |  |  |  |  |
Total net sales and revenue | $ | 34,878 |  |  | $ | 36,060 |  |  | $ | 35,473 |  |  | $ | 30,826 |
Automotive and other gross margin(a) | $ | 3,032 |  |  | $ | 4,098 |  |  | $ | 3,643 |  |  | $ | 1,273 |
Income (loss) from continuing operations | $ | 2,145 |  |  | $ | 2,403 |  |  | $ | 2,311 |  |  | $ | (192 | )
Net income (loss) attributable to stockholders | $ | 2,157 |  |  | $ | 2,418 |  |  | $ | 2,351 |  |  | $ | (194 | )
Basic earnings (loss) per common share – continuing operations | $ | 1.50 |  |  | $ | 1.68 |  |  | $ | 1.62 |  |  | $ | (0.16 | )
Diluted earnings (loss) per common share – continuing operations | $ | 1.48 |  |  | $ | 1.66 |  |  | $ | 1.60 |  |  | $ | (0.16 | )
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(a) | Includes our Cruise segment.
In the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019 we recorded pre-tax charges of $790 million, $361 million, $390 million and $267 million related to transformation activities including accelerated depreciation, supplier-related charges and other charges. In the three months ended March 31, 2019, June 30, 2019 and September 30, 2019, we recorded pre-tax benefits of $857 million, $380 million and $123 million related to the retrospective recoveries of indirect taxes in Brazil. In the three months ended September 30, 2019 and December 31, 2019, we estimate that the lost vehicle production volumes and parts sales due to the UAW strike had an unfavorable pre-tax impact on our Income from continuing operations. In the three months ended December 31, 2019 we recorded a pre-tax charge of $164 million related to the divestiture in our joint venture FAW-GM.
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter
2018 |  |  |  |  |  |  |
Total net sales and revenue | $ | 36,099 |  |  | $ | 36,760 |  |  | $ | 35,791 |  |  | $ | 38,399 |
Automotive and other gross margin(a) | $ | 2,507 |  |  | $ | 3,204 |  |  | $ | 3,743 |  |  | $ | 2,935 |
Income from continuing operations | $ | 1,110 |  |  | $ | 2,366 |  |  | $ | 2,530 |  |  | $ | 2,069 |
Loss from discontinued operations, net of tax | $ | 70 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net income attributable to stockholders | $ | 1,046 |  |  | $ | 2,390 |  |  | $ | 2,534 |  |  | $ | 2,044 |
Basic earnings per common share – continuing operations | $ | 0.78 |  |  | $ | 1.68 |  |  | $ | 1.77 |  |  | $ | 1.42 |
Basic loss per common share – discontinued operations | $ | 0.05 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Diluted earnings per common share – continuing operations | $ | 0.77 |  |  | $ | 1.66 |  |  | $ | 1.75 |  |  | $ | 1.40 |
Diluted loss per common share – discontinued operations | $ | 0.05 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
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(a) | Includes our Cruise segment.
In the three months ended March 31, 2018 and June 30, 2018, we collectively recorded pre-tax charges of $1.1 billion related to the closure of a facility and other restructuring actions in Korea. In the three months ended September 30, 2018 we recorded pre-tax charges of $440 million for ignition switch related legal matters. In the three months ended December 31, 2018 we recorded pre-tax charges of $1.3 billion related to transformation activities including employee separation, accelerated depreciation and other charges; and a non-recurring tax benefit of $1.0 billion related to foreign earnings.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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