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GM Financial Receivables and Transactions (Tables) - GM Financial
 12 Months Ended
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