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GM Financial Receivables and Transactions (Tables) - GM Financial [Member]
 3 Months Ended
Mar. 31, 2020
Finance Receivables [Line Items]  
GM Financial Receivables

March 31, 2020

December 31, 2019

Retail
 
Commercial(a)
 
Total
 
Retail
 
Commercial(a)
 
Total
GM Financial receivables, net of fees
$
42,474


$
11,760


$
54,234


$
42,229


$
11,671


$
53,900

Less: allowance for loan losses
(1,879
)

(87
)

(1,966
)

(866
)

(78
)

(944
)
GM Financial receivables, net
$
40,595


$
11,673


$
52,268


$
41,363


$
11,593


$
52,956

 
 
 
 
 
 
 
 
 
 
 
 
Fair value of GM Financial receivables utilizing Level 2 inputs






$
11,673








$
11,593

Fair value of GM Financial receivables utilizing Level 3 inputs
 
 
 
 
$
41,933

 
 
 
 
 
$
41,973


__________
(a)
Net of dealer cash management balances of $1.2 billion at March 31, 2020 and December 31, 2019. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on its floorplan line by making principal payments to GM Financial in advance.
Allowance for Loan Losses
 
Three Months Ended
 
March 31, 2020

March 31, 2019
Allowance for loan losses at beginning of period
$
944

 
$
911

Impact of adoption ASU 2016-13 (Note 1)
801

 
—

Provision for loan losses
466

 
175

Charge-offs
(340
)
 
(309
)
Recoveries
156

 
145

Effect of foreign currency
(61
)
 
2

Allowance for loan losses at end of period
$
1,966

 
$
924
Intercompany Transactions The following table shows transactions between our Automotive segments and GM Financial. These amounts are presented in GM Financial's condensed consolidated balance sheets and statements of income.
 
March 31, 2020
 
December 31, 2019
Condensed Consolidated Balance Sheets(a)
 
 
 
Commercial finance receivables, net due from GM consolidated dealers
$
522

 
$
478

Finance receivables from GM subsidiaries
$
30

 
$
39

Subvention receivable(b)
$
668

 
$
676

Commercial loan funding payable
$
38

 
$
74

 
Three Months Ended
 
March 31, 2020
 
March 31, 2019
Condensed Consolidated Statements of Income
 
 
 
Interest subvention earned on finance receivables
$
156

 
$
148

Leased vehicle subvention earned
$
805

 
$
835

__________
(a)
All balance sheet amounts are eliminated upon consolidation.
(b)
Cash paid by Automotive segments to GM Financial for subvention was $1.1 billion in the three months ended March 31, 2020 and 2019.
Retail Finance Receivables [Member]  
Finance Receivables [Line Items]  
Finance Receivables Credit Quality A summary of the amortized cost of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at March 31, 2020 is as follows:
 
Year of Origination
 
March 31, 2020
 
December 31, 2019
 
2020

2019

2018

2017

2016

2015

Prior

Total

Percent
 
Total

Percent
Prime – FICO score 680 and greater
$
4,027


$
9,976


$
6,806


$
3,199


$
1,143


$
343


$
15


$
25,509


60.0
%
 
$
25,400


60.1
%
Near-prime – FICO score 620 to 679
902


2,746


1,744


942


402


178


38


6,952


16.4
%
 
6,862


16.3
%
Sub-prime – FICO score less than 620
1,169


3,402


2,165


1,605


957


486


229


10,013


23.6
%
 
9,967


23.6
%
Retail finance receivables, net of fees
$
6,098


$
16,124


$
10,715


$
5,746


$
2,502


$
1,007


$
282


$
42,474


100.0
%
 
$
42,229


100.0
%
Retail Finance Receivables Delinquency The following table is a consolidated summary of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at March 31, 2020:

Year of Origination
 
March 31, 2020
 
March 31, 2019

2020
 
2019
 
2018
 
2017
 
2016
 
2015
 
Prior
 
Total
 
Percent
 
Total(a)
 
Percent
Current
$
6,078


$
15,702


$
10,297


$
5,411


$
2,277


$
877


$
214


$
40,856


96.2
%
 
 
 
 
31-to-60 days
19


302


294


241


161


93


47


1,157


2.7
%
 
$
1,048


2.5
%
Greater-than-60 days
1


113


118


90


62


36


21


441


1.1
%
 
412


1.0
%
Finance receivables more than 30 days delinquent
20


415


412


331


223


129


68


1,598


3.8
%
 
1,460


3.5
%
In repossession
—


7


6


4


2


1


—


20


—
%
 
47


0.1
%
Finance receivables more than 30 days delinquent or in repossession
20


422


418


335


225


130


68


1,618


3.8
%
 
$
1,507


3.6
%
Retail finance receivables, net of fees
$
6,098


$
16,124


$
10,715


$
5,746


$
2,502


$
1,007


$
282


$
42,474


100.0
%
 
 
 
 

__________
(a)
Represents the contractual amounts of delinquent retail finance receivables, which is not significantly different than the outstanding amortized cost for such receivables.
Commercial Finance Receivables [Member]  
Finance Receivables [Line Items]  
Finance Receivables Credit Quality The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables at March 31, 2020:
 
Year of Origination(a)
 
March 31, 2020
 
Revolving
 
2020
 
2019
 
2018
 
2017
 
2016

2015
 
Prior
 
Total
 
Percent
I
$
9,976

 
$
76

 
$
226

 
$
105

 
$
113

 
$
118


$
63

 
$
9

 
$
10,686

 
90.9
%
II
606

 
—

 
9

 
3

 
21

 
23


13

 
23

 
698

 
5.9
%
III
325

 
—

 
8

 
10

 
14

 
—


1

 
—

 
358

 
3.0
%
IV
14

 
—

 
—

 
—

 
—

 
—


4

 
—

 
18

 
0.2
%
Commercial finance receivables, net of fees
$
10,921

 
$
76

 
$
243

 
$
118

 
$
148

 
$
141


$
81

 
$
32

 
$
11,760

 
100.0
%

__________
(a)
Floorplan advances comprise 98% of the total revolving balance. Dealer term loans are presented by year of origination.