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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
Derivative [Line Items] |
Schedule of Cumulative Basis Adjustments for Fair Value Hedges | The following amounts were recorded in the condensed consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:
| September 30, 2022 |  | December 31, 2021
| Carrying Amount of Hedged Items |  | Cumulative Amount of Fair Value Hedging Adjustments(a) |  | Carrying Amount of Hedged Items |  | Cumulative Amount of Fair Value Hedging Adjustments(a)
Short-term unsecured debt | $ | 3,045 |  |  | $ | 5 |  |  | $ | 1,338 |  |  | $ | (1) |
Long-term unsecured debt | 25,254 |  |  | 796 |  |  | 23,626 |  |  | (225) |
GM Financial unsecured debt | $ | 28,299 |  |  | $ | 801 |  |  | $ | 24,964 |  |  | $ | (226) |
__________ (a)Includes an insignificant amount and $246 million of unamortized gains remaining on hedged items for which hedge accounting has been discontinued at September 30, 2022 and December 31, 2021.
Automotive |
Derivative [Line Items] |
Schedule of Notional Amounts for Derivative Financial Instruments | The following table presents the notional amounts of derivative financial instruments in our automotive operations:
| Fair Value Level |  | September 30, 2022 |  | December 31, 2021
Derivatives not designated as hedges(a) |  |  |  |  |
Foreign currency | 2 |  | $ | 4,484 |  |  | $ | 4,228 |
Commodity | 2 |  | 1,192 |  |  | 1,549 |
Stellantis warrants(b) | 2 |  | — |  |  | 45 |
Total derivative financial instruments |  |  | $ | 5,676 |  |  | $ | 5,822 |
__________ (a)The fair value of these derivative instruments at September 30, 2022 and December 31, 2021 and the gains/losses included in our condensed consolidated income statements for the three and nine months ended September 30, 2022 and 2021 were insignificant, unless otherwise noted. (b)At December 31, 2021, we held 39.7 million warrants in Stellantis N.V. (Stellantis), which we exercised in September 2022. Upon exercise, the warrants converted into 69.1 million common shares of Stellantis, which we immediately sold back to Stellantis. Total net pre-tax proceeds, including dividends received, in connection with this transaction were approximately $1.1 billion. The fair value of these warrants, located in Other assets, was $1.4 billion at December 31, 2021. We recorded an insignificant gain and an insignificant loss in Interest income and other non-operating income in the three months ended September 30, 2022 and 2021 and a loss of $363 million and a gain of $333 million in the nine months ended September 30, 2022 and 2021.
GM Financial |
Derivative [Line Items] |
Schedule of Notional Amounts for Derivative Financial Instruments | The following table presents the gross fair value amounts of GM Financial's derivative financial instruments and the associated notional amounts:
| Fair Value Level |  | September 30, 2022 |  | December 31, 2021
|  |  | Notional |  | Fair Value of Assets |  | Fair Value of Liabilities |  | Notional |  | Fair Value of Assets |  | Fair Value of Liabilities
Derivatives designated as hedges(a) |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value hedges |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | 2 |  | $ | 20,950 |  |  | $ | — |  |  | $ | 864 |  |  | $ | 15,058 |  |  | $ | 74 |  |  | $ | 88 |
Foreign currency swaps | 2 |  | — |  |  | — |  |  | — |  |  | 682 |  |  | — |  |  | 59 |
Cash flow hedges |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | 2 |  | 1,117 |  |  | 26 |  |  | 3 |  |  | 611 |  |  | 12 |  |  | 4 |
Foreign currency swaps | 2 |  | 6,329 |  |  | 4 |  |  | 1,036 |  |  | 7,419 |  |  | 85 |  |  | 201 |
Derivatives not designated as hedges(a) |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | 2 |  | 106,973 |  |  | 2,250 |  |  | 1,965 |  |  | 110,053 |  |  | 846 |  |  | 339 |
Foreign currency contracts | 2 |  | — |  |  | — |  |  | — |  |  | 148 |  |  | — |  |  | — |
Total derivative financial instruments(b) |  |  | $ | 135,369 |  |  | $ | 2,280 |  |  | $ | 3,867 |  |  | $ | 133,971 |  |  | $ | 1,017 |  |  | $ | 691 |
__________ (a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three and nine months ended September 30, 2022 and 2021 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities. (b)GM Financial held $471 million and $376 million of collateral from counterparties available for netting against GM Financial's asset positions, and posted $1.4 billion and an insignificant amount of collateral to counterparties available for netting against GM Financial's liability positions at September 30, 2022 and December 31, 2021.

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- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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