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v3.23.2

Revenue | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The following table disaggregates our revenue by major source:
| Three Months Ended June 30, 2023
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 36,099 |  |  | $ | 3,621 |  |  | $ | 41 |  |  | $ | 39,761 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 39,761 |
Used vehicles | 256 |  |  | 6 |  |  | — |  |  | 262 |  |  | — |  |  | — |  |  | — |  |  | 262 |
Services and other | 865 |  |  | 328 |  |  | 39 |  |  | 1,231 |  |  | 26 |  |  | — |  |  | (26) |  |  | 1,231 |
Automotive net sales and revenue | 37,220 |  |  | 3,955 |  |  | 79 |  |  | 41,254 |  |  | 26 |  |  | — |  |  | (26) |  |  | 41,254 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,820 |  |  | — |  |  | 1,820 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,490 |  |  | (4) |  |  | 1,486 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 187 |  |  | (1) |  |  | 186 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,498 |  |  | (5) |  |  | 3,493 |
Net sales and revenue | $ | 37,220 |  |  | $ | 3,955 |  |  | $ | 79 |  |  | $ | 41,254 |  |  | $ | 26 |  |  | $ | 3,498 |  |  | $ | (31) |  |  | $ | 44,746 |
| Three Months Ended June 30, 2022
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 27,826 |  |  | $ | 3,466 |  |  | $ | 22 |  |  | $ | 31,314 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 31,314 |
Used vehicles | 137 |  |  | 6 |  |  | — |  |  | 143 |  |  | — |  |  | — |  |  | — |  |  | 143 |
Services and other | 797 |  |  | 336 |  |  | 25 |  |  | 1,158 |  |  | 25 |  |  | — |  |  | (25) |  |  | 1,158 |
Automotive net sales and revenue | 28,760 |  |  | 3,807 |  |  | 47 |  |  | 32,614 |  |  | 25 |  |  | — |  |  | (25) |  |  | 32,614 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,989 |  |  | — |  |  | 1,989 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,062 |  |  | — |  |  | 1,062 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 95 |  |  | (1) |  |  | 94 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,146 |  |  | (1) |  |  | 3,145 |
Net sales and revenue | $ | 28,760 |  |  | $ | 3,807 |  |  | $ | 47 |  |  | $ | 32,614 |  |  | $ | 25 |  |  | $ | 3,146 |  |  | $ | (26) |  |  | $ | 35,759 |
| Six Months Ended June 30, 2023
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 67,975 |  |  | $ | 6,963 |  |  | $ | 50 |  |  | $ | 74,988 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 74,988 |
Used vehicles | 431 |  |  | 11 |  |  | — |  |  | 442 |  |  | — |  |  | — |  |  | — |  |  | 442 |
Services and other | 1,702 |  |  | 708 |  |  | 60 |  |  | 2,470 |  |  | 51 |  |  | — |  |  | (51) |  |  | 2,470 |
Automotive net sales and revenue | 70,108 |  |  | 7,682 |  |  | 110 |  |  | 77,900 |  |  | 51 |  |  | — |  |  | (51) |  |  | 77,900 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,638 |  |  | — |  |  | 3,638 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,859 |  |  | (6) |  |  | 2,852 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 344 |  |  | (3) |  |  | 341 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,841 |  |  | (9) |  |  | 6,832 |
Net sales and revenue | $ | 70,108 |  |  | $ | 7,682 |  |  | $ | 110 |  |  | $ | 77,900 |  |  | $ | 51 |  |  | $ | 6,841 |  |  | $ | (60) |  |  | $ | 84,732 |
| Six Months Ended June 30, 2022
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 56,398 |  |  | $ | 6,479 |  |  | $ | 27 |  |  | $ | 62,904 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 62,904 |
Used vehicles | 212 |  |  | 11 |  |  | — |  |  | 223 |  |  | — |  |  | — |  |  | — |  |  | 223 |
Services and other | 1,606 |  |  | 630 |  |  | 73 |  |  | 2,309 |  |  | 51 |  |  | — |  |  | (50) |  |  | 2,310 |
Automotive net sales and revenue | 58,216 |  |  | 7,120 |  |  | 100 |  |  | 65,437 |  |  | 51 |  |  | — |  |  | (50) |  |  | 65,437 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,056 |  |  | — |  |  | 4,056 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,072 |  |  | — |  |  | 2,072 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 175 |  |  | (2) |  |  | 173 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,302 |  |  | (2) |  |  | 6,301 |
Net sales and revenue | $ | 58,216 |  |  | $ | 7,120 |  |  | $ | 100 |  |  | $ | 65,437 |  |  | $ | 51 |  |  | $ | 6,302 |  |  | $ | (52) |  |  | $ | 71,738 |
Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. Adjustments to sales incentives for previously recognized sales increased revenue by an insignificant amount and $320 million in the three months ended June 30, 2023 and 2022. Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts of $4.5 billion and $3.3 billion at June 30, 2023 and December 31, 2022, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $410 million and $818 million related to contract liabilities in the three and six months ended June 30, 2023 and $307 million and $726 million in the three and six months ended June 30, 2022. We expect to recognize revenue of $915 million in the six months ending December 31, 2023 and $1.2 billion, $1.0 billion and $1.3 billion in the years ending December 31, 2024, 2025 and thereafter related to contract liabilities at June 30, 2023.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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