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Segment Reporting
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We analyze the results of our business through the following reportable segments: GMNA, GMI, Cruise and GM Financial. The chief operating decision-maker evaluates the operating results and performance of our automotive segments and Cruise through earnings before interest and income taxes (EBIT)-adjusted, which is presented net of noncontrolling interests. The chief operating decision-maker evaluates GM Financial through earnings before income taxes (EBT)-adjusted because interest income and interest expense are part of operating results when assessing and measuring the operational and financial performance of the segment. Each segment has a manager responsible for executing our strategic initiatives. While not all vehicles within a segment are individually profitable on a fully allocated cost basis, those vehicles attract customers to dealer showrooms and help maintain sales volumes for other, more profitable vehicles and contribute towards meeting required fuel efficiency standards. As a result of these and other factors, we do not manage our business on an individual brand or vehicle basis.

Substantially all of the trucks, crossovers, cars and automobile parts produced are marketed through retail dealers in North America and through distributors and dealers outside of North America, the substantial majority of which are independently owned. In addition to the products sold to dealers for consumer retail sales, trucks, crossovers and cars are also sold to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. Fleet sales
are completed through the dealer network and in some cases directly with fleet customers. Retail and fleet customers can obtain a wide range of after-sale vehicle services and products through the dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties.

GMNA meets the demands of customers in North America and GMI primarily meets the demands of customers outside North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands. We also have equity ownership stakes in entities that meet the demands of customers in other countries, primarily China, with vehicles developed, manufactured and/or marketed under the Baojun, Buick, Cadillac, Chevrolet and Wuling brands. Cruise is our global segment responsible for the development and commercialization of AV technology, and includes AV-related engineering and other costs. We provide automotive financing services through our GM Financial segment.

Our automotive interest income and interest expense, legacy costs from the Opel/Vauxhall Business (primarily pension costs), corporate expenditures and certain nonsegment specific revenues and expenses are recorded centrally in Corporate. Corporate assets primarily consist of cash and cash equivalents, marketable debt securities and intersegment balances. All intersegment balances and transactions have been eliminated in consolidation.

The following tables summarize key financial information by segment:

At and For the Three Months Ended June 30, 2023
GMNAGMICorporateEliminationsTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Net sales and revenue$37,220 $3,955 $79 $41,254 $26 $3,498 $(31)$44,746 
Earnings (loss) before interest and taxes-adjusted$3,194 $236 $(347)$3,083 $(611)$766 $(4)$3,234 
Adjustments(a)$(246)$76 $— $(170)$— $— $— (170)
Automotive interest income251 
Automotive interest expense(226)
Net income (loss) attributable to noncontrolling interests(59)
Income (loss) before income taxes3,029 
Income tax benefit (expense)(522)
Net income (loss)2,507 
Net loss (income) attributable to noncontrolling interests59 
Net income (loss) attributable to stockholders$2,566 
Equity in net assets of nonconsolidated affiliates$2,256 $6,142 $— $— $8,397 $— $1,667 $— $10,064 
Goodwill and intangibles$2,141 $724 $4 $— $2,869 $727 $1,354 $— $4,950 
Total assets$150,624 $24,509 $44,892 $(74,453)$145,572 $5,089 $127,175 $(2,003)$275,833 
Depreciation and amortization$1,531 $144 $5 $— $1,680 $10 $1,245 $— $2,936 
Impairment charges$— $— $— $— $— $— $— $— $— 
Equity income (loss)(b)$31 $77 $— $— $108 $— $37 $— $145 
__________
(a)    Consists of charges for strategic activities related to Buick dealerships in GMNA and the partial resolution of Korean subcontractor matters in GMI.
(b)    Equity earnings related to Ultium Cells Holdings LLC are presented in Automotive and other cost of sales as this entity is integral to the operations of our business by providing battery cells for our EVs. In the three months ended June 30, 2023, equity earnings related to Ultium Cells Holdings LLC were insignificant.
At and For the Three Months Ended June 30, 2022
GMNAGMICorporateEliminationsTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Net sales and revenue$28,760 $3,807 $47 $32,614 $25 $3,146 $(26)$35,759 
Earnings (loss) before interest and taxes-adjusted$2,299 $209 $(731)$1,778 $(543)$1,106 $3 $2,343 
Adjustments$— $— $— $— $— $— $— — 
Automotive interest income73 
Automotive interest expense(234)
Net income (loss) attributable to noncontrolling interests(50)
Income (loss) before income taxes2,132 
Income tax benefit (expense)(490)
Net income (loss)1,642 
Net loss (income) attributable to noncontrolling interests50 
Net income (loss) attributable to stockholders$1,692 
Equity in net assets of nonconsolidated affiliates$1,416 $6,556 $— $— $7,972 $— $1,760 $— $9,733 
Goodwill and intangibles$2,187 $754 $4 $— $2,945 $727 $1,341 $— $5,013 
Total assets$127,964 $24,867 $34,030 $(55,045)$131,815 $6,049 $116,807 $(1,154)$253,517 
Depreciation and amortization$1,476 $131 $6 $— $1,613 $12 $1,218 $— $2,844 
Impairment charges$11 $— $— $— $11 $— $— $— $11 
Equity income (loss)$(6)$(89)$— $— $(95)$— $50 $— $(45)

At and For the Six Months Ended June 30, 2023
GMNAGMICorporateEliminationsTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Net sales and revenue$70,108 $7,682 $110 $77,900 $51 $6,841 $(60)$84,732 
Earnings (loss) before interest and taxes-adjusted$6,769 $583 $(674)$6,678 $(1,172)$1,537 $(6)$7,037 
Adjustments(a)$(1,220)$76 $— $(1,144)$— $— $— (1,144)
Automotive interest income479 
Automotive interest expense(460)
Net income (loss) attributable to noncontrolling interests(109)
Income (loss) before income taxes5,803 
Income tax benefit (expense)(950)
Net income (loss)4,853 
Net loss (income) attributable to noncontrolling interests109 
Net income (loss) attributable to stockholders$4,962 
Depreciation and amortization$2,959 $266 $10 $— $3,235 $15 $2,496 $— $5,746 
Impairment charges$— $— $— $— $— $— $— $— $— 
Equity income (loss)(b)$(15)$157 $— $— $142 $— $78 $— $220 
__________
(a)    Consists of charges for strategic activities related to Buick dealerships and charges related to the VSP in GMNA and the partial resolution of Korean subcontractor matters in GMI.
(b)    Equity earnings related to Ultium Cells Holdings LLC are presented in Automotive and other cost of sales as this entity is integral to the operations of our business by providing battery cells for our EVs. In the six months ended June 30, 2023, equity earnings related to Ultium Cells Holdings LLC were insignificant.
At and For the Six Months Ended June 30, 2022
GMNAGMICorporateEliminationsTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Net sales and revenue$58,216 $7,120 $100 $— $65,437 $51 $6,302 $(52)$71,738 
Earnings (loss) before interest and taxes-adjusted$5,440 $537 $(1,118)$— $4,859 $(868)$2,390 $6 $6,387 
Adjustments(a)$100 $— $— $— $100 $(1,057)$— $— (957)
Automotive interest income123 
Automotive interest expense(460)
Net income (loss) attributable to noncontrolling interests(181)
Income (loss) before income taxes4,912 
Income tax benefit (expense)(462)
Net income (loss)4,449 
Net loss (income) attributable to noncontrolling interests181 
Net income (loss) attributable to stockholders$4,631 
Depreciation and amortization$2,980 $265 $11 $— $3,256 $25 $2,454 $— $5,735 
Impairment charges$11 $— $— $— $11 $— $— $— $11 
Equity income (loss)$— $143 $— $— $144 $— $104 $— $247 
__________
(a)    Consists of the resolution of substantially all royalty matters accrued with respect to past-year vehicle sales in GMNA; and charges related to the one-time modification of Cruise stock incentive awards.