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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 36,106 |  |  | $ | 4,330 |  |  | $ | 67 |  |  |  |  | $ | 40,503 |  |  | $ | 25 |  |  | $ | 3,641 |  |  | $ | (38) |  |  | $ | 44,131 |
Earnings (loss) before interest and taxes-adjusted | $ | 3,526 |  |  | $ | 357 |  |  | $ | (322) |  |  |  |  | $ | 3,561 |  |  | $ | (732) |  |  | $ | 741 |  |  | $ | (7) |  |  | $ | 3,564 |
Adjustments(a) | $ | (123) |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | (123) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (123) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 322 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (229) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (70) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,464 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (470) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,994 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 70 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,064 |
Equity in net assets of nonconsolidated affiliates | $ | 2,603 |  |  | $ | 6,256 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,859 |  |  | $ | — |  |  | $ | 1,691 |  |  | $ | — |  |  | $ | 10,549 |
Goodwill and intangibles | $ | 2,112 |  |  | $ | 716 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 2,832 |  |  | $ | 723 |  |  | $ | 1,352 |  |  | $ | — |  |  | $ | 4,907 |
Total assets | $ | 155,556 |  |  | $ | 24,444 |  |  | $ | 47,964 |  |  | $ | (77,461) |  |  | $ | 150,504 |  |  | $ | 4,888 |  |  | $ | 128,962 |  |  | $ | (2,649) |  |  | $ | 281,705 |
Depreciation and amortization | $ | 1,585 |  |  | $ | 158 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 1,749 |  |  | $ | 12 |  |  | $ | 1,231 |  |  | $ | — |  |  | $ | 2,992 |
Impairment charges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Equity income (loss)(b) | $ | 105 |  |  | $ | 190 |  |  | $ | — |  |  | $ | — |  |  | $ | 295 |  |  | $ | — |  |  | $ | 33 |  |  | $ | — |  |  | $ | 328 |
__________ (a) Consists of charges for strategic activities related to Buick dealerships and charges related to the VSP in GMNA. (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 September 30, 2023, equity earnings related to Ultium Cells Holdings LLC were $101 million.
| At and For the Three Months Ended September 30, 2022
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 34,691 |  |  | $ | 3,980 |  |  | $ | 32 |  |  |  |  | $ | 38,703 |  |  | $ | 25 |  |  | $ | 3,187 |  |  | $ | (27) |  |  | $ | 41,889 |
Earnings (loss) before interest and taxes-adjusted | $ | 3,894 |  |  | $ | 334 |  |  | $ | (352) |  |  |  |  | $ | 3,876 |  |  | $ | (497) |  |  | $ | 911 |  |  | $ | (2) |  |  | $ | 4,287 |
Adjustments | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | — |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 122 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (259) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (53) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,097 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (845) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,252 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 53 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,305 |
Equity in net assets of nonconsolidated affiliates | $ | 1,641 |  |  | $ | 6,564 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,205 |  |  | $ | — |  |  | $ | 1,705 |  |  | $ | — |  |  | $ | 9,910 |
Goodwill and intangibles | $ | 2,160 |  |  | $ | 744 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 2,908 |  |  | $ | 721 |  |  | $ | 1,339 |  |  | $ | — |  |  | $ | 4,968 |
Total assets | $ | 134,823 |  |  | $ | 23,756 |  |  | $ | 38,693 |  |  | $ | (59,941) |  |  | $ | 137,331 |  |  | $ | 5,669 |  |  | $ | 118,917 |  |  | $ | (1,388) |  |  | $ | 260,529 |
Depreciation and amortization | $ | 1,419 |  |  | $ | 124 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 1,548 |  |  | $ | 15 |  |  | $ | 1,212 |  |  | $ | — |  |  | $ | 2,774 |
Impairment charges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Equity income (loss) | $ | (6) |  |  | $ | 329 |  |  | $ | — |  |  | $ | — |  |  | $ | 323 |  |  | $ | — |  |  | $ | 44 |  |  | $ | — |  |  | $ | 367 |
| At and For the Nine Months Ended September 30, 2023
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 106,214 |  |  | $ | 12,011 |  |  | $ | 177 |  |  |  |  | $ | 118,403 |  |  | $ | 76 |  |  | $ | 10,482 |  |  | $ | (98) |  |  | $ | 128,863 |
Earnings (loss) before interest and taxes-adjusted | $ | 10,295 |  |  | $ | 940 |  |  | $ | (996) |  |  |  |  | $ | 10,240 |  |  | $ | (1,904) |  |  | $ | 2,278 |  |  | $ | (13) |  |  | $ | 10,601 |
Adjustments(a) | $ | (1,343) |  |  | $ | 76 |  |  | $ | — |  |  |  |  | $ | (1,267) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (1,267) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 801 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (689) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (179) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,267 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,421) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,846 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 179 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 8,026 |
Depreciation and amortization | $ | 4,544 |  |  | $ | 424 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 4,984 |  |  | $ | 27 |  |  | $ | 3,727 |  |  | $ | — |  |  | $ | 8,738 |
Impairment charges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Equity income (loss)(b) | $ | 89 |  |  | $ | 348 |  |  | $ | — |  |  | $ | — |  |  | $ | 437 |  |  | $ | — |  |  | $ | 111 |  |  | $ | — |  |  | $ | 548 |
__________ (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 nine months ended September 30, 2023, equity earnings related to Ultium Cells Holdings LLC were $191 million.
| At and For the Nine Months Ended September 30, 2022
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 92,907 |  |  | $ | 11,100 |  |  | $ | 132 |  |  |  |  | $ | 104,140 |  |  | $ | 76 |  |  | $ | 9,489 |  |  | $ | (79) |  |  | $ | 113,627 |
Earnings (loss) before interest and taxes-adjusted | $ | 9,334 |  |  | $ | 871 |  |  | $ | (1,470) |  |  |  |  | $ | 8,735 |  |  | $ | (1,365) |  |  | $ | 3,301 |  |  | $ | 4 |  |  | $ | 10,675 |
Adjustments(a) | $ | 100 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 100 |  |  | $ | (1,057) |  |  | $ | — |  |  | $ | — |  |  | (957) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 245 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (719) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (234) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,009 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,308) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,701 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 234 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 7,935 |
Depreciation and amortization | $ | 4,399 |  |  | $ | 389 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 4,804 |  |  | $ | 39 |  |  | $ | 3,666 |  |  | $ | — |  |  | $ | 8,509 |
Impairment charges | $ | 11 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |
Equity income (loss) | $ | (6) |  |  | $ | 472 |  |  | $ | — |  |  | $ | — |  |  | $ | 467 |  |  | $ | — |  |  | $ | 148 |  |  | $ | — |  |  | $ | 615 |
__________ (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.

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