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GM Financial Receivables and Transactions (Tables) - GM Financial | 12 Months Ended
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Dec. 31, 2019
Finance Receivables [Line Items] |
GM Financial Receivables |
| December 31, 2019 |  | December 31, 2018
| Retail |  | Commercial(a) |  | Total |  | Retail |  | Commercial(a) |  | Total
Finance receivables, collectively evaluated for impairment, net of fees | $ | 39,851 |  |  | $ | 11,595 |  |  | $ | 51,446 |  |  | $ | 38,220 |  |  | $ | 12,235 |  |  | $ | 50,455 |
Finance receivables, individually evaluated for impairment, net of fees(b) | 2,378 |  |  | 76 |  |  | 2,454 |  |  | 2,348 |  |  | 41 |  |  | 2,389 |
GM Financial receivables | 42,229 |  |  | 11,671 |  |  | 53,900 |  |  | 40,568 |  |  | 12,276 |  |  | 52,844 |
Less: allowance for loan losses | (866 | ) |  | (78 | ) |  | (944 | ) |  | (844 | ) |  | (67 | ) |  | (911 | )
GM Financial receivables, net | $ | 41,363 |  |  | $ | 11,593 |  |  | $ | 52,956 |  |  | $ | 39,724 |  |  | $ | 12,209 |  |  | $ | 51,933 |
Fair value of GM Financial receivables utilizing Level 2 inputs |  |  |  |  | $ | 11,593 |  |  |  |  |  |  | $ | 12,209 |
Fair value of GM Financial receivables utilizing Level 3 inputs |  |  |  |  | $ | 41,973 |  |  |  |  |  |  | $ | 39,430 |
__________
(a) | Net of dealer cash management balances of $1.2 billion and $922 million at December 31, 2019 and 2018. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on their floorplan line by making principal payments to GM Financial in advance.
(b) | The allowance for loan losses included $330 million and $321 million of specific allowances on retail receivables at December 31, 2019 and 2018.
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Allowance for loan losses at beginning of period | $ | 911 |  |  | $ | 942 |  |  | $ | 805 |
Provision for loan losses | 726 |  |  | 642 |  |  | 757 |
Charge-offs | (1,246 | ) |  | (1,199 | ) |  | (1,173 | )
Recoveries | 551 |  |  | 536 |  |  | 552 |
Effect of foreign currency | 2 |  |  | (10 | ) |  | 1 |
Allowance for loan losses at end of period | $ | 944 |  |  | $ | 911 |  |  | $ | 942 |
Allowance for Loan Losses |
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Allowance for loan losses at beginning of period | $ | 911 |  |  | $ | 942 |  |  | $ | 805 |
Provision for loan losses | 726 |  |  | 642 |  |  | 757 |
Charge-offs | (1,246 | ) |  | (1,199 | ) |  | (1,173 | )
Recoveries | 551 |  |  | 536 |  |  | 552 |
Effect of foreign currency | 2 |  |  | (10 | ) |  | 1 |
Allowance for loan losses at end of period | $ | 944 |  |  | $ | 911 |  |  | $ | 942 |
Intercompany Transactions |
| December 31, 2019 |  | December 31, 2018
Consolidated Balance Sheets(a) |  |  |
Commercial finance receivables, net due from GM consolidated dealers | $ | 478 |  |  | $ | 445 |
Direct-financing lease receivables from GM subsidiaries | $ | 39 |  |  | $ | 134 |
Subvention receivable(b) | $ | 676 |  |  | $ | 727 |
Commercial loan funding payable | $ | 74 |  |  | $ | 61 |
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Consolidated Statements of Income |  |  |  |  |
Interest subvention earned on finance receivables | $ | 588 |  |  | $ | 554 |  |  | $ | 492 |
Leased vehicle subvention earned | $ | 3,273 |  |  | $ | 3,274 |  |  | $ | 3,046 |
__________
(a) | All balance sheet amounts are eliminated upon consolidation.
(b) Our Automotive segments made cash payments to GM Financial for subvention of $4.1 billion, $3.8 billion, and $4.3 billion in the years ended December 31, 2019, 2018 and 2017.
Retail Finance Receivables |
Finance Receivables [Line Items] |
Retail Finance Receivables Delinquency | The following table summarizes the contractual amount of delinquent retail finance receivables, which is not significantly different than the recorded investment of the retail finance receivables:
| December 31, 2019 |  | December 31, 2018
| Amount |  | Percent of Contractual Amount Due |  | Amount |  | Percent of Contractual Amount Due
31-to-60 days delinquent | $ | 1,354 |  |  | 3.2 | % |  | $ | 1,349 |  |  | 3.3 | %
Greater-than-60 days delinquent | 542 |  |  | 1.3 | % |  | 547 |  |  | 1.4 | %
Total finance receivables more than 30 days delinquent | 1,896 |  |  | 4.5 | % |  | 1,896 |  |  | 4.7 | %
In repossession | 44 |  |  | 0.1 | % |  | 44 |  |  | 0.1 | %
Total finance receivables more than 30 days delinquent or in repossession | $ | 1,940 |  |  | 4.6 | % |  | $ | 1,940 |  |  | 4.8 | %
Commercial Finance Receivables |
Finance Receivables [Line Items] |
Commercial Finance Receivables Credit Quality | The following table summarizes the credit risk profile by dealer risk rating of the commercial finance receivables:
|  | December 31, 2019 |  | December 31, 2018
Group I | – Dealers with superior financial metrics | $ | 1,942 |  |  | $ | 2,192 |
Group II | – Dealers with strong financial metrics | 4,552 |  |  | 4,399 |
Group III | – Dealers with fair financial metrics | 3,711 |  |  | 4,064 |
Group IV | – Dealers with weak financial metrics | 968 |  |  | 1,116 |
Group V | – Dealers warranting special mention due to elevated risks | 370 |  |  | 422 |
Group VI | – Dealers with loans classified as substandard, doubtful or impaired | 128 |  |  | 83 |
|  | $ | 11,671 |  |  | $ | 12,276 |

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