XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2

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

9 Months Ended

Sep. 30, 2020

Finance Receivables [Line Items]

GM Financial Receivables

			September 30, 2020																		December 31, 2019
			Retail						Commercial(a)						Total						Retail						Commercial(a)						Total
GM Financial receivables, net of fees			$	48,694					$	8,062					$	56,756					$	42,229					$	11,671					$	53,900
Less: allowance for loan losses			(1,936)						(67)						(2,003)						(866)						(78)						(944)
GM Financial receivables, net			$	46,758					$	7,995					$	54,753					$	41,363					$	11,593					$	52,956
Fair value of GM Financial receivables utilizing Level 2 inputs															$	7,995																	$	11,593
Fair value of GM Financial receivables utilizing Level 3 inputs															$	48,972																	$	41,973

__________

(a)Net of dealer cash management balances of $1.4 billion and $1.2 billion at September 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												Nine Months Ended
			September 30, 2020						September 30, 2019						September 30, 2020						September 30, 2019
Allowance for loan losses at beginning of period			$	2,111					$	957					$	944					$	911
Impact of adoption ASU 2016-13 (Note 1)			—						—						801						—
Provision for loan losses			31						150						824						504
Charge-offs			(282)						(300)						(895)						(888)
Recoveries			136						134						383						411
Effect of foreign currency			7						(8)						(54)						(5)
Allowance for loan losses at end of period			$	2,003					$	933					$	2,003					$	933

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.

			September 30, 2020						December 31, 2019
Condensed Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers			$	399					$	478
Subvention receivable(b)			$	566					$	676
Commercial loan funding payable			$	75					$	74

			Three Months Ended												Nine Months Ended
			September 30, 2020						September 30, 2019						September 30, 2020						September 30, 2019
Condensed Consolidated Statements of Income
Interest subvention earned on finance receivables			$	178					$	153					$	496					$	448
Leased vehicle subvention earned			$	749					$	814					$	2,319					$	2,467

__________

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

(b)Cash paid by Automotive segments to GM Financial for subvention was $943 million and $1.0 billion in the three months ended September 30, 2020 and 2019 and $3.0 billion and $3.1 billion in the nine months ended September 30, 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 September 30, 2020 is as follows:

			Year of Origination																																										September 30, 2020												December 31, 2019
			2020						2019						2018						2017						2016						2015						Prior						Total						Percent						Total						Percent
Prime – FICO score 680 and greater			$	14,746					$	8,064					$	5,295					$	2,348					$	744					$	177					$	5					$	31,379					64.4		%				$	25,400					60.1		%
Near-prime – FICO score 620 to 679			2,725						2,293						1,392						712						280						103						15						7,520						15.5		%				6,862						16.3		%
Sub-prime – FICO score less than 620			2,701						2,922						1,785						1,265						707						311						104						9,795						20.1		%				9,967						23.6		%
Retail finance receivables, net of fees			$	20,172					$	13,279					$	8,472					$	4,325					$	1,731					$	591					$	124					$	48,694					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 September 30, 2020:

			Year of Origination																																										September 30, 2020												September 30, 2019
			2020						2019						2018						2017						2016						2015						Prior						Total						Percent						Total(a)						Percent
Current			$	19,962					$	12,848					$	8,142					$	4,083					$	1,580					$	513					$	93					$	47,221					97.0		%
31-to-60 days			147						294						227						167						102						53						19						1,009						2.1		%				$	1,252					3.0		%
Greater-than-60 days			57						122						92						69						45						23						11						419						0.8		%				514						1.2		%
Finance receivables more than 30 days delinquent			204						416						319						236						147						76						30						1,428						2.9		%				1,766						4.2		%
In repossession			6						15						11						6						4						2						1						45						0.1		%				48						0.1		%
Finance receivables more than 30 days delinquent or in repossession			210						431						330						242						151						78						31						1,473						3.0		%				$	1,814					4.3		%
Retail finance receivables, net of fees			$	20,172					$	13,279					$	8,472					$	4,325					$	1,731					$	591					$	124					$	48,694					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 September 30, 2020:

			Year of Origination(a)																																																September 30, 2020
			Revolving						2020						2019						2018						2017						2016						2015						Prior						Total						Percent
I			$	6,468					$	355					$	177					$	73					$	98					$	93					$	38					$	—					$	7,302					90.6		%
II			411						1						7						3						3						13						13						22						473						5.9		%
III			227						—						9						29						2						11						1						—						279						3.4		%
IV			4						—						—						—						—						—						4						—						8						0.1		%
Commercial finance receivables, net of fees			$	7,110					$	356					$	193					$	105					$	103					$	117					$	56					$	22					$	8,062					100.0		%

__________

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

X

- Definition

Schedule of Intercompany Transactions [Table Text Block]

+ References

No definition available.

+ Details

Name:	gm_ScheduleofIntercompanyTransactionsTableTextBlock
Namespace Prefix:	gm_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	gm_BusinessGroupAxis=gm_GmFinancialMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: