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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize key financial information by segment:

			At and For the Three Months Ended June 30, 2023
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
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 income																																																			251
Automotive interest expense																																																			(226)
Net income (loss) attributable to noncontrolling interests																																																			(59)
Income (loss) before income taxes																																																			3,029
Income tax benefit (expense)																																																			(522)
Net income (loss)																																																			2,507
Net loss (income) attributable to noncontrolling interests																																																			59
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
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
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 income																																																			73
Automotive interest expense																																																			(234)
Net income (loss) attributable to noncontrolling interests																																																			(50)
Income (loss) before income taxes																																																			2,132
Income tax benefit (expense)																																																			(490)
Net income (loss)																																																			1,642
Net loss (income) attributable to noncontrolling interests																																																			50
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
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
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 income																																																			479
Automotive interest expense																																																			(460)
Net income (loss) attributable to noncontrolling interests																																																			(109)
Income (loss) before income taxes																																																			5,803
Income tax benefit (expense)																																																			(950)
Net income (loss)																																																			4,853
Net loss (income) attributable to noncontrolling interests																																																			109
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
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
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 income																																																			123
Automotive interest expense																																																			(460)
Net income (loss) attributable to noncontrolling interests																																																			(181)
Income (loss) before income taxes																																																			4,912
Income tax benefit (expense)																																																			(462)
Net income (loss)																																																			4,449
Net loss (income) attributable to noncontrolling interests																																																			181
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.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 30
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