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GM Financial Receivables and Transactions (Tables) - GM Financial | 12 Months Ended
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Dec. 31, 2020
Finance Receivables [Line Items] |
GM Financial Receivables |
| December 31, 2020 |  | December 31, 2019
| Retail |  | Commercial(a) |  | Total |  | Retail |  | Commercial(a) |  | Total
GM Financial receivables | $ | 51,288 |  |  | $ | 8,682 |  |  | $ | 59,970 |  |  | $ | 42,229 |  |  | $ | 11,671 |  |  | $ | 53,900 |
Less: allowance for loan losses | (1,915) |  |  | (63) |  |  | (1,978) |  |  | (866) |  |  | (78) |  |  | (944) |
GM Financial receivables, net | $ | 49,373 |  |  | $ | 8,619 |  |  | $ | 57,992 |  |  | $ | 41,363 |  |  | $ | 11,593 |  |  | $ | 52,956 |
Fair value of GM Financial receivables utilizing Level 2 inputs |  |  |  |  | $ | 8,619 |  |  |  |  |  |  | $ | 11,593 |
Fair value of GM Financial receivables utilizing Level 3 inputs |  |  |  |  | $ | 51,645 |  |  |  |  |  |  | $ | 41,973 |
__________ (a)Net of dealer cash management balances of $1.4 billion and $1.2 billion at December 31, 2020 and 2019. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on their floorplan line by making principal payments to GM Financial in advance.
Allowance for Loan Losses |
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Allowance for loan losses at beginning of period | $ | 944 |  |  | $ | 911 |  |  | $ | 942 |
Impact of adoption ASU 2016-13 (Note 2) | 801 |  |  | — |  |  | — |
Provision for loan losses | 881 |  |  | 726 |  |  | 642 |
Charge-offs | (1,169) |  |  | (1,246) |  |  | (1,199) |
Recoveries | 542 |  |  | 551 |  |  | 536 |
Effect of foreign currency | (21) |  |  | 2 |  |  | (10) |
Allowance for loan losses at end of period | $ | 1,978 |  |  | $ | 944 |  |  | $ | 911 |
Intercompany Transactions |
| December 31, 2020 |  | December 31, 2019
Consolidated Balance Sheets(a) |  |  |
Commercial finance receivables, net due from GM consolidated dealers | $ | 398 |  |  | $ | 478 |
Subvention receivable(b) | $ | 642 |  |  | $ | 676 |
Commercial loan funding payable | $ | 23 |  |  | $ | 74 |
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Consolidated Statements of Income |  |  |  |  |
Interest subvention earned on finance receivables | $ | 679 |  |  | $ | 588 |  |  | $ | 554 |
Leased vehicle subvention earned | $ | 3,042 |  |  | $ | 3,273 |  |  | $ | 3,274 |
__________ (a)All balance sheet amounts are eliminated upon consolidation. (b)Our Automotive segments made cash payments to GM Financial for subvention of $3.9 billion, $4.1 billion, and $3.8 billion in the years ended December 31, 2020, 2019 and 2018.
Retail Finance Receivables |
Finance Receivables [Line Items] |
Commercial 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 December 31, 2020 is as follows:
| Year of Origination |  |  |  | December 31, 2020 |  | December 31, 2019
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  |  |  | Total |  | Percent |  | Total |  | Percent
Prime – FICO score 680 and greater | $ | 18,685 |  |  | $ | 7,033 |  |  | $ | 4,491 |  |  | $ | 1,917 |  |  | $ | 555 |  |  | $ | 119 |  |  |  |  | $ | 32,800 |  |  | 64.0 | % |  | $ | 25,400 |  |  | 60.1 | %
Near-prime – FICO score 620 to 679 | 3,695 |  |  | 2,097 |  |  | 1,232 |  |  | 603 |  |  | 225 |  |  | 83 |  |  |  |  | 7,935 |  |  | 15.4 | % |  | 6,862 |  |  | 16.3 | %
Sub-prime – FICO score less than 620 | 3,803 |  |  | 2,920 |  |  | 1,740 |  |  | 1,173 |  |  | 610 |  |  | 307 |  |  |  |  | 10,553 |  |  | 20.6 | % |  | 9,967 |  |  | 23.6 | %
Retail finance receivables, net of fees | $ | 26,183 |  |  | $ | 12,050 |  |  | $ | 7,463 |  |  | $ | 3,693 |  |  | $ | 1,390 |  |  | $ | 509 |  |  |  |  | $ | 51,288 |  |  | 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 December 31, 2020:
| Year of Origination |  | December 31, 2020 |  | December 31, 2019
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  |  |  | Total |  | Percent |  | Total(a) |  | Percent
0-to-30 days | $ | 25,894 |  |  | $ | 11,591 |  |  | $ | 7,131 |  |  | $ | 3,454 |  |  | $ | 1,249 |  |  | $ | 421 |  |  |  |  | $ | 49,740 |  |  | 97.0 | % |  |  |  |
31-to-60 days | 210 |  |  | 325 |  |  | 235 |  |  | 170 |  |  | 102 |  |  | 61 |  |  |  |  | 1,103 |  |  | 2.1 | % |  | $ | 1,354 |  |  | 3.2 | %
Greater-than-60 days | 72 |  |  | 123 |  |  | 90 |  |  | 64 |  |  | 37 |  |  | 26 |  |  |  |  | 412 |  |  | 0.8 | % |  | 542 |  |  | 1.3 | %
Finance receivables more than 30 days delinquent | 282 |  |  | 448 |  |  | 325 |  |  | 234 |  |  | 139 |  |  | 87 |  |  |  |  | 1,515 |  |  | 2.9 | % |  | 1,896 |  |  | 4.5 | %
In repossession | 7 |  |  | 11 |  |  | 7 |  |  | 5 |  |  | 2 |  |  | 1 |  |  |  |  | 33 |  |  | 0.1 | % |  | 44 |  |  | 0.1 | %
Finance receivables more than 30 days delinquent or in repossession | 289 |  |  | 459 |  |  | 332 |  |  | 239 |  |  | 141 |  |  | 88 |  |  |  |  | 1,548 |  |  | 3.0 | % |  | $ | 1,940 |  |  | 4.6 | %
Retail finance receivables, net of fees | $ | 26,183 |  |  | $ | 12,050 |  |  | $ | 7,463 |  |  | $ | 3,693 |  |  | $ | 1,390 |  |  | $ | 509 |  |  |  |  | $ | 51,288 |  |  | 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 |
Finance Receivables [Line Items] |
Commercial Finance Receivables Credit Quality | The updated risk rating categories are as follows:
Rating |  | Description
I |  | Performing accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments.
II |  | Performing accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring.
III |  | Non-Performing accounts with inadequate paying capacity for current obligations and have the distinct possibility of creating a loss if deficiencies are not corrected.
IV |  | Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection of liquidation in full highly questionable or improbable.
The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables at December 31, 2020:
| Year of Origination(a) |  | December 31, 2020 |  |
| Revolving |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  |  |  | Total |  | Percent |  |  |  |
I | $ | 6,968 |  |  | $ | 510 |  |  | $ | 159 |  |  | $ | 63 |  |  | $ | 95 |  |  | $ | 43 |  |  | $ | 19 |  |  |  |  | $ | 7,857 |  |  | 90.5 | % |  |  |  |
II | 491 |  |  | 2 |  |  | 18 |  |  | 2 |  |  | 3 |  |  | 18 |  |  | 34 |  |  |  |  | 568 |  |  | 6.5 | % |  |  |  |
III | 203 |  |  | — |  |  | 8 |  |  | 29 |  |  | 2 |  |  | 11 |  |  | — |  |  |  |  | 253 |  |  | 2.9 | % |  |  |  |
IV | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  |  |  | 4 |  |  | 0.1 | % |  |  |  |
Commercial finance receivables, net of fees | $ | 7,662 |  |  | $ | 512 |  |  | $ | 185 |  |  | $ | 94 |  |  | $ | 100 |  |  | $ | 72 |  |  | $ | 57 |  |  |  |  | $ | 8,682 |  |  | 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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