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GM Financial Receivables and Transactions (Tables) - GM Financial [Member]

6 Months Ended

Jun. 30, 2020

Finance Receivables [Line Items]

GM Financial Receivables

			June 30, 2020																														December 31, 2019
			Retail						Commercial(a)						Total						Retail						Commercial(a)						Total
GM Financial receivables, net of fees			$	46,472					$	7,489					$	53,961					$	42,229					$	11,671					$	53,900
Less: allowance for loan losses			(2,044)						(67)						(2,111)						(866)						(78)						(944)
GM Financial receivables, net			$	44,428					$	7,422					$	51,850					$	41,363					$	11,593					$	52,956
Fair value of GM Financial receivables utilizing Level 2 inputs															$	7,422																	$	11,593
Fair value of GM Financial receivables utilizing Level 3 inputs															$	46,603																	$	41,973

__________

(a)Net of dealer cash management balances of $1.3 billion and $1.2 billion at June 30, 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																		Six Months Ended
			June 30, 2020						June 30, 2019						June 30, 2020						June 30, 2019
Allowance for loan losses at beginning of period			$	1,966					$	924					$	944					$	911
Impact of adoption ASU 2016-13 (Note 1)			—						—						801						—
Provision for loan losses			327						179						793						354
Charge-offs			(273)						(279)						(613)						(588)
Recoveries			91						132						247						277
Effect of foreign currency			—						1						(61)						3
Allowance for loan losses at end of period			$	2,111					$	957					$	2,111					$	957

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.

			June 30, 2020						December 31, 2019
Condensed Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers			$	395					$	478
Finance receivables from GM subsidiaries			$	17					$	39
Subvention receivable(b)			$	618					$	676
Loans receivable(b)			$	947					$	—
Commercial loan funding payable			$	52					$	74

			Three Months Ended																		Six Months Ended
			June 30, 2020						June 30, 2019						June 30, 2020						June 30, 2019
Condensed Consolidated Statements of Income
Interest subvention earned on finance receivables			$	162					$	147					$	318					$	295
Leased vehicle subvention earned			$	765					$	818					$	1,570					$	1,653

__________

(a)All balance sheet amounts are eliminated upon consolidation.

(b)Cash paid by Automotive segments to GM Financial for subvention was $967 million and $959 million in the three months ended June 30, 2020 and 2019 and $2.0 billion in the six months ended June 30, 2020 and 2019. Loans receivable include amounts funded to Automotive segments primarily in the amount of subvention owed to GM Financial in the three months ended June 30, 2020.

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 June 30, 2020 is as follows:

			Year of Origination																																																																														June 30, 2020																		December 31, 2019
			2020						2019						2018						2017						2016						2015						Prior						Total						Percent						Total						Percent
Prime – FICO score 680 and greater			$	10,305					$	9,009					$	6,056					$	2,774					$	940					$	253					$	9					$	29,346					63.2		%				$	25,400					60.1		%
Near-prime – FICO score 620 to 679			1,785						2,533						1,574						828						340						138						25						7,223						15.5		%				6,862						16.3		%
Sub-prime – FICO score less than 620			1,917						3,178						1,982						1,440						833						396						157						9,903						21.3		%				9,967						23.6		%
Retail finance receivables, net of fees			$	14,007					$	14,720					$	9,612					$	5,042					$	2,113					$	787					$	191					$	46,472					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 June 30, 2020:

			Year of Origination																																																																														June 30, 2020																		June 30, 2019
			2020						2019						2018						2017						2016						2015						Prior						Total						Percent						Total(a)						Percent
Current			$	13,875					$	14,234					$	9,224					$	4,752					$	1,930					$	689					$	148					$	44,852					96.5		%
31-to-60 days			86						295						236						181						114						61						25						998						2.2		%				$	1,083					2.5		%
Greater-than-60 days			44						183						147						106						67						36						18						601						1.3		%				498						1.2		%
Finance receivables more than 30 days delinquent			130						478						383						287						181						97						43						1,599						3.5		%				1,581						3.7		%
In repossession			2						8						5						3						2						1						—						21						—		%				48						0.1		%
Finance receivables more than 30 days delinquent or in repossession			132						486						388						290						183						98						43						1,620						3.5		%				$	1,629					3.8		%
Retail finance receivables, net of fees			$	14,007					$	14,720					$	9,612					$	5,042					$	2,113					$	787					$	191					$	46,472					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 June 30, 2020:

			Year of Origination(a)																																																																																										June 30, 2020
			Revolving						2020						2019						2018						2017						2016						2015						Prior						Total						Percent
I			$	5,989					$	134					$	226					$	81					$	102					$	127					$	61					$	8					$	6,728					89.8		%
II			388						1						7						3						21						4						13						22						459						6.1		%
III			247						—						8						29						2						10						1						—						297						4.0		%
IV			1						—						—						—						—						—						4						—						5						0.1		%
Commercial finance receivables, net of fees			$	6,625					$	135					$	241					$	113					$	125					$	141					$	79					$	30					$	7,489					100.0		%

__________

(a)Floorplan advances comprise 97% of the total revolving balance. Dealer term loans are presented by year of origination.

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