XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Product Warranty and Related Liabilities
6 Months Ended
Jun. 30, 2023
Accrued Liabilities and Other Liabilities [Abstract]  
Product Warranty and Related Liabilities Product Warranty and Related Liabilities
Three Months EndedSix Months Ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Product Warranty and Related Liabilities
Warranty balance at beginning of period$8,482 $9,302 $8,530 $9,774 
Warranties issued and assumed in period – recall campaigns313 189 549 322 
Warranties issued and assumed in period – product warranty566 449 1,056 909 
Payments(969)(1,012)(2,027)(2,088)
Adjustments to pre-existing warranties332 77 611 72 
Effect of foreign currency and other18 (35)23 (19)
Warranty balance at end of period8,741 8,969 8,741 8,969 
Less: Supplier recoveries balance at end of period(a)343 1,637 343 1,637 
Warranty balance, net of supplier recoveries at end of period$8,398 $7,332 $8,398 $7,332 
__________
(a)The current portion of supplier recoveries is recorded in Accounts and notes receivable, net of allowance and the non-current portion is recorded in Other assets.

Three Months EndedSix Months Ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022
Product Warranty Expense, Net of Recoveries
Warranties issued and assumed in period$879 $638 $1,605 $1,231 
Supplier recoveries accrued in period
733 (81)689 (138)
Adjustments and other349 41 634 53 
Warranty expense, net of supplier recoveries
$1,961 $598 $2,928 $1,146 

In the three months ended June 30, 2023, we recorded a charge to supplier recoveries of $792 million related to a settlement for Chevrolet Bolt recall costs. Refer to Note 13 to our condensed consolidated financial statements for more details on the Chevrolet Bolt recall and the associated supplier recovery. For losses that can be estimated, we estimate our reasonably possible loss in excess of amounts accrued for recall campaigns to be insignificant at June 30, 2023.