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Segment Reporting | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting We analyze the results of our business through the following reportable segments: GMNA, GMI, Cruise and GM Financial. As discussed in Note 1, the European Business is presented as discontinued operations and is excluded from our segment results for all periods presented. The European Business was previously reported as our GM Europe segment and part of GM Financial. The chief operating decision maker evaluates the operating results and performance of our automotive segments and Cruise through EBIT-adjusted, which is presented net of noncontrolling interests. The chief operating decision maker evaluates GM Financial through EBT-adjusted because interest income and interest expense are part of operating results when assessing and measuring the operational and financial performance of the segment. Each segment has a manager responsible for executing our strategic initiatives. While not all vehicles within a segment are individually profitable on a fully allocated cost basis, those vehicles attract customers to dealer showrooms and help maintain sales volumes for other, more profitable vehicles and contribute towards meeting required fuel efficiency standards. As a result of these and other factors, we do not manage our business on an individual brand or vehicle basis. Substantially all of the trucks, crossovers, cars and automobile parts produced are marketed through retail dealers in North America and through distributors and dealers outside of North America, the substantial majority of which are independently owned. In addition to the products sold to dealers for consumer retail sales, trucks, crossovers and cars are also sold to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. Fleet sales are completed through the dealer network and in some cases directly with fleet customers. Retail and fleet customers can obtain a wide range of after-sale vehicle services and products through the dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties. GMNA meets the demands of customers in North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands. GMI primarily meets the demands of customers outside North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, and Holden brands. We also have equity ownership stakes in entities that meet the demands of customers in other countries, primarily China, with vehicles developed, manufactured and/or marketed under the Baojun, Buick, Cadillac, Chevrolet and Wuling brands. Cruise, formerly GM Cruise, is our global segment responsible for the development and commercialization of autonomous vehicle technology, and includes autonomous vehicle-related engineering and other costs. Our automotive interest income and interest expense, Maven, legacy costs from the Opel/Vauxhall Business (primarily pension costs), corporate expenditures and certain nonsegment specific revenues and expenses are recorded centrally in Corporate. Corporate assets primarily consist of cash and cash equivalents, marketable debt securities, our investment in Lyft, PSA warrants, Maven vehicles and intercompany balances. Retained net underfunded pension liabilities related to the European Business are also recorded in Corporate. All intersegment balances and transactions have been eliminated in consolidation. The following tables summarize key financial information by segment:
| At and For the Year Ended December 31, 2019
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 106,366 |  |  | $ | 16,111 |  |  | $ | 220 |  |  |  |  | $ | 122,697 |  |  | $ | 100 |  |  | $ | 14,554 |  |  | $ | (114 | ) |  | $ | 137,237 |
Earnings (loss) before interest and taxes-adjusted | $ | 8,204 |  |  | $ | (202 | ) |  | $ | (691 | ) |  |  |  | $ | 7,311 |  |  | $ | (1,004 | ) |  | $ | 2,104 |  |  | $ | (18 | ) |  | $ | 8,393 |
Adjustments(a) | $ | (1,618 | ) |  | $ | 1,081 |  |  | $ | (2 | ) |  |  |  | $ | (539 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (539 | )
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 429 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (782 | )
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (65 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,436 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (769 | )
Income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,667 |
Loss from discontinued operations, net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 65 |
Net income attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,732 |
Equity in net assets of nonconsolidated affiliates | $ | 84 |  |  | $ | 7,023 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,107 |  |  | $ | — |  |  | $ | 1,455 |  |  | $ | — |  |  | $ | 8,562 |
Goodwill and intangibles | $ | 2,459 |  |  | $ | 888 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3,348 |  |  | $ | 634 |  |  | $ | 1,355 |  |  | $ | — |  |  | $ | 5,337 |
Total assets | $ | 109,290 |  |  | $ | 24,969 |  |  | $ | 32,365 |  |  | $ | (50,244 | ) |  | $ | 116,380 |  |  | $ | 4,230 |  |  | $ | 108,881 |  |  | $ | (1,454 | ) |  | $ | 228,037 |
Expenditures for property | $ | 6,305 |  |  | $ | 1,096 |  |  | $ | 84 |  |  | $ | — |  |  | $ | 7,485 |  |  | $ | 60 |  |  | $ | 47 |  |  | $ | — |  |  | $ | 7,592 |
Depreciation and amortization | $ | 6,112 |  |  | $ | 533 |  |  | $ | 46 |  |  | $ | (2 | ) |  | $ | 6,689 |  |  | $ | 21 |  |  | $ | 7,350 |  |  | $ | — |  |  | $ | 14,060 |
Impairment charges | $ | 15 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | 22 |  |  | $ | 36 |  |  | $ | — |  |  | $ | — |  |  | $ | 58 |
Equity income | $ | 8 |  |  | $ | 1,123 |  |  | $ | (29 | ) |  | $ | — |  |  | $ | 1,102 |  |  | $ | — |  |  | $ | 166 |  |  | $ | — |  |  | $ | 1,268 |
__________
(a) | Consists of restructuring and other charges related to transformation activities of $1.6 billion in GMNA and $115 million in GMI; a benefit of $1.4 billion related to the retrospective recoveries of indirect taxes in Brazil; partially offset by losses of $164 million related to the FAW-GM divestiture in GMI.
| At and For the Year Ended December 31, 2018
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations |  | Total
Net sales and revenue | $ | 113,792 |  |  | $ | 19,148 |  |  | $ | 203 |  |  |  |  |  | $ | 133,143 |  |  | $ | — |  |  | $ | 14,016 |  |  | $ | (110 | ) |  | $ | 147,049 |
Earnings (loss) before interest and taxes-adjusted | $ | 10,769 |  |  | $ | 423 |  |  | $ | (570 | ) |  |  |  |  | $ | 10,622 |  |  | $ | (728 | ) |  | $ | 1,893 |  |  | $ | (4 | ) |  | $ | 11,783 |
Adjustments(a) | $ | (1,236 | ) |  | $ | (1,212 | ) |  | $ | (457 | ) |  |  |  |  | $ | (2,905 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (2,905 | )
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 335 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (655 | )
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,549 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (474 | )
Income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,075 |
Loss from discontinued operations, net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (70 | )
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9 |
Net income attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 8,014 |
Equity in net assets of nonconsolidated affiliates | $ | 75 |  |  | $ | 7,761 |  |  | $ | 24 |  |  | $ | — |  |  | $ | 7,860 |  |  | $ | — |  |  | $ | 1,355 |  |  | $ | — |  |  | $ | 9,215 |
Goodwill and intangibles | $ | 2,623 |  |  | $ | 928 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3,552 |  |  | $ | 671 |  |  | $ | 1,356 |  |  | $ | — |  |  | $ | 5,579 |
Total assets | $ | 109,763 |  |  | $ | 24,911 |  |  | $ | 31,694 |  |  | $ | (50,690 | ) |  | $ | 115,678 |  |  | $ | 3,195 |  |  | $ | 109,953 |  |  | $ | (1,487 | ) |  | $ | 227,339 |
Expenditures for property | $ | 7,784 |  |  | $ | 883 |  |  | $ | 21 |  |  | $ | (2 | ) |  | $ | 8,686 |  |  | $ | 15 |  |  | $ | 60 |  |  | $ | — |  |  | $ | 8,761 |
Depreciation and amortization | $ | 4,995 |  |  | $ | 562 |  |  | $ | 50 |  |  | $ | (3 | ) |  | $ | 5,604 |  |  | $ | 7 |  |  | $ | 7,531 |  |  | $ | — |  |  | $ | 13,142 |
Impairment charges | $ | 55 |  |  | $ | 466 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 527 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 527 |
Equity income | $ | 8 |  |  | $ | 1,972 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,980 |  |  | $ | — |  |  | $ | 183 |  |  | $ | — |  |  | $ | 2,163 |
__________
(a) | Consists of restructuring and other charges related to transformation activities of $1.2 billion in GMNA; charges of $1.2 billion related to restructuring actions in Korea and other countries in GMI; and of $440 million for ignition switch-related legal matters and other insignificant charges in Corporate.
| At and For the Year Ended December 31, 2017
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations |  | Total
Net sales and revenue | $ | 111,345 |  |  | $ | 21,920 |  |  | $ | 342 |  |  |  |  |  | $ | 133,607 |  |  | $ | — |  |  | $ | 12,151 |  |  | $ | (170 | ) |  | $ | 145,588 |
Earnings (loss) before interest and taxes-adjusted | $ | 11,889 |  |  | $ | 1,300 |  |  | $ | (921 | ) |  |  |  |  | $ | 12,268 |  |  | $ | (613 | ) |  | $ | 1,196 |  |  | $ | (7 | ) |  | $ | 12,844 |
Adjustments(a) | $ | — |  |  | $ | (540 | ) |  | $ | (114 | ) |  |  |  |  | $ | (654 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (654 | )
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 266 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (575 | )
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (18 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,863 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11,533 | )
Income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 330 |
Loss from discontinued operations, net of tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,212 | )
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18 |
Net loss attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (3,864 | )
Equity in net assets of nonconsolidated affiliates | $ | 68 |  |  | $ | 7,818 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,886 |  |  | $ | — |  |  | $ | 1,187 |  |  | $ | — |  |  | $ | 9,073 |
Goodwill and intangibles | $ | 2,819 |  |  | $ | 973 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 3,803 |  |  | $ | 679 |  |  | $ | 1,367 |  |  | $ | — |  |  | $ | 5,849 |
Total assets | $ | 99,874 |  |  | $ | 27,712 |  |  | $ | 30,573 |  |  | $ | (42,750 | ) |  | $ | 115,409 |  |  | $ | 666 |  |  | $ | 97,251 |  |  | $ | (844 | ) |  | $ | 212,482 |
Expenditures for property | $ | 7,704 |  |  | $ | 607 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 8,325 |  |  | $ | 34 |  |  | $ | 94 |  |  | $ | — |  |  | $ | 8,453 |
Depreciation and amortization | $ | 4,654 |  |  | $ | 708 |  |  | $ | 32 |  |  | $ | (1 | ) |  | $ | 5,393 |  |  | $ | 1 |  |  | $ | 6,573 |  |  | $ | — |  |  | $ | 11,967 |
Impairment charges | $ | 78 |  |  | $ | 211 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 294 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 294 |
Equity income | $ | 8 |  |  | $ | 1,951 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,959 |  |  | $ | — |  |  | $ | 173 |  |  | $ | — |  |  | $ | 2,132 |
__________
(a) | Consists of charges of $460 million related to restructuring actions in India and South Africa in GMI; charges of $80 million associated with the deconsolidation of Venezuela in GMI and charges of $114 million for ignition switch-related legal matters in Corporate.
Automotive revenue is attributed to geographic areas based on the country of sale. GM Financial revenue is attributed to the geographic area where the financing is originated. The following table summarizes information concerning principal geographic areas:
| At and For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| Net Sales and Revenue |  | Long-Lived Assets |  | Net Sales and Revenue |  | Long-Lived Assets |  | Net Sales and Revenue |  | Long-Lived Assets
Automotive |  |  |  |  |  |  |  |  |  |  |
U.S. | $ | 97,887 |  |  | $ | 25,401 |  |  | $ | 104,413 |  |  | $ | 25,625 |  |  | $ | 100,674 |  |  | $ | 24,473 |
Non-U.S. | 24,810 |  |  | 13,190 |  |  | 28,632 |  |  | 13,263 |  |  | 32,775 |  |  | 12,715 |
GM Financial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. | 12,727 |  |  | 39,509 |  |  | 12,169 |  |  | 41,334 |  |  | 10,489 |  |  | 40,674 |
Non-U.S. | 1,813 |  |  | 2,772 |  |  | 1,835 |  |  | 2,476 |  |  | 1,650 |  |  | 2,467 |
Total consolidated | $ | 137,237 |  |  | $ | 80,872 |  |  | $ | 147,049 |  |  | $ | 82,698 |  |  | $ | 145,588 |  |  | $ | 80,329 |
No individual country other than the U.S. represented more than 10% of our total net sales and revenue or long-lived assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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