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Segment Reporting | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting We analyze the results of our business through the following reportable segments: GMNA, GMI, Cruise and GM Financial. The chief operating decision maker evaluates the operating results and performance of our automotive segments and Cruise through earnings before interest and income taxes (EBIT)-adjusted, which is presented net of noncontrolling interests. The chief operating decision maker evaluates GM Financial through earnings before income taxes (EBT)-adjusted because interest income and interest expense are part of operating results when assessing and measuring the operational and financial performance of the segment. Each segment has a manager responsible for executing our strategic initiatives. While not all vehicles within a segment are individually profitable on a fully allocated cost basis, those vehicles attract customers to dealer showrooms and help maintain sales volumes for other, more profitable vehicles and contribute towards meeting required fuel efficiency standards. As a result of these and other factors, we do not manage our business on an individual brand or vehicle basis. Substantially all of the trucks, crossovers, cars and automobile parts produced are marketed through retail dealers in North America and through distributors and dealers outside of North America, the substantial majority of which are independently owned. In addition to the products sold to dealers for consumer retail sales, trucks, crossovers and cars are also sold to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. Fleet sales are completed through the dealer network and in some cases directly with fleet customers. Retail and fleet customers can obtain a wide range of after-sale vehicle services and products through the dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties. GMNA meets the demands of customers in North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands. GMI primarily meets the demands of customers outside North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC and Holden brands. We also have equity ownership stakes in entities that meet the demands of customers in other countries, primarily China, with vehicles developed, manufactured and/or marketed under the Baojun, Buick, Cadillac, Chevrolet and Wuling brands. Cruise is our global segment responsible for the development and commercialization of autonomous vehicle technology, and includes autonomous vehicle-related engineering and other costs. Our automotive interest income and interest expense, legacy costs from the Opel/Vauxhall Business (primarily pension costs), corporate expenditures and certain nonsegment-specific revenues and expenses are recorded centrally in Corporate. Corporate assets primarily consist of cash and cash equivalents, marketable debt securities, PSA warrants and intercompany balances. Retained net underfunded pension liabilities related to the European Business are also recorded in Corporate. All intersegment balances and transactions have been eliminated in consolidation. The following tables summarize key financial information by segment:
| At and For the Three Months Ended September 30, 2020
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 29,128 |  |  | $ | 2,735 |  |  | $ | 203 |  |  |  |  | $ | 32,066 |  |  | $ | 26 |  |  | $ | 3,421 |  |  | $ | (33) |  |  | $ | 35,480 |
Earnings (loss) before interest and taxes-adjusted | $ | 4,366 |  |  | $ | 10 |  |  | $ | (87) |  |  |  |  | $ | 4,289 |  |  | $ | (204) |  |  | $ | 1,207 |  |  | $ | (8) |  |  | $ | 5,284 |
Adjustments(a) | $ | — |  |  | $ | (76) |  |  | $ | — |  |  |  |  | $ | (76) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (76) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 51 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (327) |
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (27) |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,905 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (887) |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,018 |
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 27 |
Net income attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,045 |
Equity in net assets of nonconsolidated affiliates | $ | 187 |  |  | $ | 6,374 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,561 |  |  | $ | — |  |  | $ | 1,485 |  |  | $ | — |  |  | $ | 8,046 |
Goodwill and intangibles | $ | 2,372 |  |  | $ | 811 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3,184 |  |  | $ | 724 |  |  | $ | 1,337 |  |  | $ | — |  |  | $ | 5,245 |
Total assets | $ | 111,426 |  |  | $ | 22,365 |  |  | $ | 45,059 |  |  | $ | (50,609) |  |  | $ | 128,241 |  |  | $ | 3,815 |  |  | $ | 108,926 |  |  | $ | (1,311) |  |  | $ | 239,671 |
Depreciation and amortization | $ | 1,182 |  |  | $ | 146 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 1,333 |  |  | $ | 11 |  |  | $ | 1,814 |  |  | $ | — |  |  | $ | 3,158 |
Impairment charges | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Equity income | $ | 4 |  |  | $ | 259 |  |  | $ | — |  |  | $ | — |  |  | $ | 263 |  |  | $ | — |  |  | $ | 46 |  |  | $ | — |  |  | $ | 309 |
__________ (a)Consists of restructuring and other charges primarily in Thailand.
| At and For the Three Months Ended September 30, 2019
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 27,971 |  |  | $ | 3,794 |  |  | $ | 52 |  |  |  |  | $ | 31,817 |  |  | $ | 25 |  |  | $ | 3,659 |  |  | $ | (28) |  |  | $ | 35,473 |
Earnings (loss) before interest and taxes-adjusted | $ | 3,023 |  |  | $ | (65) |  |  | $ | (451) |  |  |  |  | $ | 2,507 |  |  | $ | (251) |  |  | $ | 711 |  |  | $ | (1) |  |  | $ | 2,966 |
Adjustments(a) | $ | (359) |  |  | $ | 92 |  |  | $ | — |  |  |  |  | $ | (267) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (267) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 129 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (206) |
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (40) |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,582 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (271) |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,311 |
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 40 |
Net income attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,351 |
Equity in net assets of nonconsolidated affiliates | $ | 85 |  |  | $ | 7,024 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 7,115 |  |  | $ | — |  |  | $ | 1,381 |  |  | $ | — |  |  | $ | 8,496 |
Goodwill and intangibles | $ | 2,488 |  |  | $ | 896 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3,385 |  |  | $ | 670 |  |  | $ | 1,353 |  |  | $ | — |  |  | $ | 5,408 |
Total assets | $ | 115,995 |  |  | $ | 25,562 |  |  | $ | 34,309 |  |  | $ | (56,381) |  |  | $ | 119,485 |  |  | $ | 4,406 |  |  | $ | 109,099 |  |  | $ | (1,461) |  |  | $ | 231,529 |
Depreciation and amortization | $ | 1,325 |  |  | $ | 133 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 1,469 |  |  | $ | 7 |  |  | $ | 1,832 |  |  | $ | — |  |  | $ | 3,308 |
Impairment charges | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Equity income (loss) | $ | 3 |  |  | $ | 279 |  |  | $ | (6) |  |  | $ | — |  |  | $ | 276 |  |  | $ | — |  |  | $ | 39 |  |  | $ | — |  |  | $ | 315 |
__________ (a)Consists of restructuring and other charges related to transformation activities of $390 million, primarily in GMNA and a benefit of $123 million related to the retrospective recoveries of indirect taxes in Brazil in GMI.
| At and For the Nine Months Ended September 30, 2020
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 66,563 |  |  | $ | 7,692 |  |  | $ | 321 |  |  |  |  | $ | 74,576 |  |  | $ | 79 |  |  | $ | 10,405 |  |  | $ | (93) |  |  | $ | 84,967 |
Earnings (loss) before interest and taxes-adjusted | $ | 6,459 |  |  | $ | (811) |  |  | $ | (680) |  |  |  |  | $ | 4,968 |  |  | $ | (627) |  |  | $ | 1,663 |  |  | $ | (6) |  |  | $ | 5,998 |
Adjustments(a) | $ | — |  |  | $ | (657) |  |  | $ | — |  |  |  |  | $ | (657) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (657) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 195 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (823) |
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (57) |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,656 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,132) |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,524 |
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 57 |
Net income attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,581 |
Depreciation and amortization | $ | 3,536 |  |  | $ | 461 |  |  | $ | 20 |  |  | $ | — |  |  | $ | 4,017 |  |  | $ | 30 |  |  | $ | 5,567 |  |  | $ | — |  |  | $ | 9,614 |
Impairment charges | $ | 20 |  |  | $ | 101 |  |  | $ | — |  |  | $ | — |  |  | $ | 121 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 121 |
Equity income | $ | 15 |  |  | $ | 261 |  |  | $ | — |  |  | $ | — |  |  | $ | 276 |  |  | $ | — |  |  | $ | 113 |  |  | $ | — |  |  | $ | 389 |
__________ (a)Consists of restructuring and other charges primarily in Australia, Thailand and New Zealand.
| At and For the Nine Months Ended September 30, 2019
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 83,660 |  |  | $ | 11,691 |  |  | $ | 152 |  |  |  |  | $ | 95,503 |  |  | $ | 75 |  |  | $ | 10,918 |  |  | $ | (85) |  |  | $ | 106,411 |
Earnings (loss) before interest and taxes-adjusted | $ | 7,941 |  |  | $ | (82) |  |  | $ | (461) |  |  |  |  | $ | 7,398 |  |  | $ | (699) |  |  | $ | 1,606 |  |  | $ | (17) |  |  | $ | 8,288 |
Adjustments(a) | $ | (1,478) |  |  | $ | 1,299 |  |  | $ | (2) |  |  |  |  | $ | (181) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (181) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 333 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (582) |
Net (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (67) |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,791 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (932) |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,859 |
Net loss attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 67 |
Net income attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,926 |
Depreciation and amortization | $ | 4,803 |  |  | $ | 379 |  |  | $ | 36 |  |  | $ | — |  |  | $ | 5,218 |  |  | $ | 16 |  |  | $ | 5,579 |  |  | $ | — |  |  | $ | 10,813 |
Impairment charges | $ | 15 |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 19 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19 |
Equity income (loss) | $ | 7 |  |  | $ | 886 |  |  | $ | (19) |  |  | $ | — |  |  | $ | 874 |  |  | $ | — |  |  | $ | 126 |  |  | $ | — |  |  | $ | 1,000 |
_________ (a)Consists of restructuring and other charges related to transformation activities of $1.5 billion, primarily in GMNA and a benefit of $1.4 billion related to the retrospective recoveries of indirect taxes in Brazil in GMI.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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