Debt (Tables)

9 Months Ended

Sep. 30, 2021

The following table presents debt in our automotive operations:


	September 30, 2021					December 31, 2020
	Carrying Amount		Fair Value			Carrying Amount		Fair Value
Secured debt	$	237	$	256		$	303	$	332
Unsecured debt	16,297		19,984			16,929		20,988
Finance lease liabilities	314		329			237		256
Total automotive debt(a)	$	16,848	$	20,569		$	17,469	$	21,576

Fair value utilizing Level 1 inputs			$	19,063				$	19,826
Fair value utilizing Level 2 inputs			$	1,506				$	1,750


Available under credit facility agreements(b)			$	17,207				$	18,222
Weighted-average interest rate on outstanding short-term debt(c)			7.0		%			3.8		%
Weighted-average interest rate on outstanding long-term debt(c)			5.8		%			5.6		%

__________

(a)Includes net discount and debt issuance costs of $519 million and $540 million at September 30, 2021 and December 31, 2020.

(b)Excludes our 364-day, $2.0 billion facility allocated for exclusive use by GM Financial.

(c)Includes coupon rates on debt denominated in various foreign currencies and interest free loans.

The following table presents debt of GM Financial:


	September 30, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt	$	38,041	$	38,259	$	39,982	$	40,380
Unsecured debt	54,064		55,705		52,443		54,568
Total GM Financial debt	$	92,105	$	93,964	$	92,425	$	94,948

Fair value utilizing Level 2 inputs			$	92,351			$	92,922
Fair value utilizing Level 3 inputs			$	1,613			$	2,026