Accrued and Other Liabilities

9 Months Ended

Sep. 30, 2021

Accrued Liabilities and Other Liabilities [Abstract]


	September 30, 2021		December 31, 2020
Accrued liabilities
Dealer and customer allowances, claims and discounts	$	2,805	$	7,300
Deferred revenue	2,531		3,132
Product warranty and related liabilities	3,506		3,048
Payrolls and employee benefits excluding postemployment benefits	2,217		1,864
Other	7,425		7,725
Total accrued liabilities	$	18,484	$	23,069


Other liabilities
Deferred revenue	$	3,082	$	2,715
Product warranty and related liabilities	6,558		5,193
Operating lease liabilities	975		969
Employee benefits excluding postemployment benefits	799		822
Postemployment benefits including facility idling reserves	772		739
Other	3,032		3,009
Total other liabilities	$	15,218	$	13,447


	Three Months Ended				Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Product Warranty and Related Liabilities
Warranty balance at beginning of period	$	9,180	$	7,040	$	8,242	$	7,798
Warranties issued and assumed in period – recall campaigns	1,237		249		2,686		407
Warranties issued and assumed in period – product warranty	345		523		1,250		1,241
Payments	(756)		(727)		(2,275)		(2,260)
Adjustments to pre-existing warranties	86		53		178		33
Effect of foreign currency and other	(28)		17		(17)		(64)
Warranty balance at end of period	$	10,064	$	7,155	$	10,064	$	7,155

In the nine months ended September 30, 2021, we recorded warranty recall campaign accruals of $2.7 billion, of which $2.0 billion relates to the Chevrolet Bolt recall. In addition, we reached an agreement with LG Electronics, Inc. (LG) under which LG will reimburse GM for costs and expenses associated with the recall, which substantially offsets the warranty charges we recognized in connection with the recall. Refer to Note 13 to our condensed consolidated financial statements for more details on the Chevrolet Bolt recall and associated supplier recovery. We estimate our reasonably possible loss in excess of amounts accrued for recall campaigns to be insignificant at September 30, 2021.