Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Cumulative Basis Adjustments for Fair Value Hedges

The following amounts were recorded in the condensed consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:


	June 30, 2020						December 31, 2019
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)		Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
GM Financial unsecured debt	$	24,203	$	(648)	$	20,397	$	(77)

__________

(a)Includes an insignificant amount of amortization remaining on hedged items for which hedge accounting has been discontinued at June 30, 2020 and December 31, 2019.

Automotive [Member]

Derivative [Line Items]

Schedule of Notional Amounts for Derivative Financial Instruments

The following table presents the notional amounts of derivative financial instruments in our automotive operations:


	Fair Value Level	June 30, 2020		December 31, 2019






Derivatives not designated as hedges(a)
Foreign currency	2	$	4,236	$	5,075

Commodity	2	451		806
PSA warrants(b)	2	45		45
Total derivative financial instruments		$	4,732	$	5,926

__________

(a)The fair value of these derivative instruments at June 30, 2020 and December 31, 2019 and the gains/losses included in our condensed consolidated income statements for the three and six months ended June 30, 2020 and 2019 were insignificant, unless otherwise noted.

(b)The fair value of the warrants issued by Peugeot, S.A. (PSA Group) included in Other assets was $659 million and $964 million at June 30, 2020 and December 31, 2019. We recorded gains in Interest income and other non-operating income, net of $114 million and $32 million in the three months ended June 30, 2020 and 2019 and losses of $303 million and gains of $171 million in the six months ended June 30, 2020 and 2019.

GM Financial [Member]

Derivative [Line Items]

Schedule of Notional Amounts for Derivative Financial Instruments

The following table presents the gross fair value amounts of GM Financial's derivative financial instruments and the associated notional amounts:


	Fair Value Level	June 30, 2020										December 31, 2019
		Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps	2	$	10,894	$	609	$	—	$	9,458	$	234	$	23
Foreign currency swaps	2	1,797		26		68		1,796		22		71
Cash flow hedges
Interest rate swaps	2	964		—		32		590		—		6
Foreign currency swaps	2	5,143		26		302		4,429		40		119
Derivatives not designated as hedges(a)
Interest rate contracts	2	112,403		1,045		807		92,400		340		300

Total derivative financial instruments(b)		$	131,201	$	1,706	$	1,209	$	108,673	$	636	$	519

__________

(a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three and six months ended June 30, 2020 and 2019 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.

(b)GM Financial held $778 million and $210 million of collateral from counterparties available for netting against GM Financial's asset positions, and posted $274 million and an insignificant amount of collateral to counterparties available for netting against GM Financial's liability positions at June 30, 2020 and December 31, 2019.