XML 43 R32.htm IDEA: XBRL DOCUMENT v3.23.3

GM Financial Receivables and Transactions (Tables) - GM Financial

9 Months Ended

Sep. 30, 2023

Finance Receivables [Line Items]

GM Financial Receivables

			September 30, 2023																		December 31, 2022
			Retail						Commercial(a)						Total						Retail						Commercial(a)						Total
GM Financial receivables, net of fees			$	71,704					$	11,765					$	83,469					$	65,322					$	10,988					$	76,310
Less: allowance for loan losses			(2,224)						(34)						(2,258)						(2,062)						(34)						(2,096)
GM Financial receivables, net			$	69,480					$	11,731					$	81,211					$	63,260					$	10,954					$	74,214
Fair value of GM Financial receivables utilizing Level 2 inputs															$	11,731																	$	10,954
Fair value of GM Financial receivables utilizing Level 3 inputs															$	68,690																	$	62,150

__________

(a)Net of dealer cash management balances of $2.4 billion and $1.9 billion at September 30, 2023 and December 31, 2022. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on its floorplan line by making principal payments to GM Financial in advance.

Allowance for Loan Losses

			Three Months Ended												Nine Months Ended
			September 30, 2023						September 30, 2022						September 30, 2023						September 30, 2022
Allowance for loan losses at beginning of period			$	2,202					$	2,027					$	2,096					$	1,886
Provision for loan losses			235						180						533						500
Charge-offs			(366)						(289)						(1,012)						(811)
Recoveries			196						173						574						511
Effect of foreign currency and other			(8)						(4)						67						—
Allowance for loan losses at end of period			$	2,258					$	2,086					$	2,258					$	2,086

Intercompany Transactions

The following table shows transactions between our Automotive segments and GM Financial. These amounts are presented in GM Financial's condensed consolidated balance sheets and statements of income.

			September 30, 2023						December 31, 2022
Condensed Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers			$	163					$	187
Receivables from Cruise			$	276					$	113
Subvention receivable(b)			$	837					$	469
Commercial loan funding payable			$	62					$	105
Taxes payable to GM			$	412					$	8

			Three Months Ended												Nine Months Ended
			September 30, 2023						September 30, 2022						September 30, 2023						September 30, 2022
Condensed Consolidated Statements of Income
Interest subvention earned on finance receivables			$	319					$	260					$	906					$	715
Leased vehicle subvention earned			$	382					$	456					$	1,165					$	1,503

__________

(a)All balance sheet amounts are eliminated upon consolidation.

(b)Our Automotive segments made cash payments to GM Financial for subvention of $629 million and $732 million in the three months ended September 30, 2023 and 2022 and $2.3 billion and $1.7 billion in the nine months ended September 30, 2023 and 2022.

Retail Finance Receivables

Finance Receivables [Line Items]

Finance Receivables Credit Quality

The following tables are consolidated summaries of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at September 30, 2023 and December 31, 2022:

			Year of Origination																																				September 30, 2023
			2023						2022						2021						2020						2019						Prior						Total						Percent
Prime – FICO score 680 and greater			$	19,330					$	17,114					$	10,013					$	5,602					$	1,325					$	467					$	53,851					75.1		%
Near-prime – FICO score 620 to 679			2,556						2,485						1,930						1,031						420						179						8,600						12.0		%
Sub-prime – FICO score less than 620			2,391						2,608						2,085						1,145						676						348						9,253						12.9		%
Retail finance receivables, net of fees			$	24,278					$	22,207					$	14,028					$	7,777					$	2,421					$	994					$	71,704					100.0		%

			Year of Origination																																										December 31, 2022
			2022						2021						2020						2019						2018						Prior												Total						Percent
Prime – FICO score 680 and greater			$	22,677					$	13,399					$	7,991					$	2,254					$	1,019					$	205											$	47,543					72.8		%
Near-prime – FICO score 620 to 679			3,202						2,601						1,487						688						310						104												8,392						12.8		%
Sub-prime – FICO score less than 620			3,211						2,746						1,604						1,051						496						280												9,388						14.4		%
Retail finance receivables, net of fees			$	29,090					$	18,745					$	11,081					$	3,992					$	1,824					$	589											$	65,322					100.0		%

Retail Finance Receivables Delinquency

The following tables are consolidated summaries of the amortized cost of retail finance receivables by delinquency status, for each vintage of the portfolio at September 30, 2023 and December 31, 2022, as well as summary totals for September 30, 2022:

			Year of Origination																																				September 30, 2023												September 30, 2022
			2023						2022						2021						2020						2019						Prior						Total						Percent						Total						Percent
0-to-30 days			$	24,021					$	21,631					$	13,489					$	7,478					$	2,242					$	873					$	69,735					97.3		%				$	61,836					97.4		%
31-to-60 days			187						408						389						219						133						88						1,424						2.0		%				1,185						1.9		%
Greater-than-60 days			59						146						135						73						43						31						488						0.7		%				394						0.6		%
Finance receivables more than 30 days delinquent			246						555						524						292						175						119						1,911						2.7		%				1,579						2.5		%
In repossession			11						21						14						7						4						2						58						0.1		%				46						0.1		%
Finance receivables more than 30 days delinquent or in repossession			257						575						538						299						179						121						1,969						2.7		%				1,625						2.6		%
Retail finance receivables, net of fees			$	24,278					$	22,207					$	14,028					$	7,777					$	2,421					$	994					$	71,704					100.0		%				$	63,461					100.0		%

			Year of Origination																																				December 31, 2022
			2022						2021						2020						2019						2018						Prior												Total						Percent
0-to-30 days			$	28,676					$	18,128					$	10,702					$	3,743					$	1,685					$	493											$	63,426					97.1		%
31-to-60 days			310						452						275						184						103						69												1,393						2.1		%
Greater-than-60 days			93						150						98						62						35						26												465						0.7		%
Finance receivables more than 30 days delinquent			403						603						373						246						138						95												1,857						2.8		%
In repossession			11						14						6						4						2						1												39						0.1		%
Finance receivables more than 30 days delinquent or in repossession			414						617						380						249						140						96												1,896						2.9		%
Retail finance receivables, net of fees			$	29,090					$	18,745					$	11,081					$	3,992					$	1,824					$	589											$	65,322					100.0		%

Commercial Finance Receivables

Finance Receivables [Line Items]

Finance Receivables Credit Quality

The following tables summarize the credit risk profile by dealer risk rating of commercial finance receivables at September 30, 2023 and December 31, 2022:

			Year of Origination(a)																																										September 30, 2023
			Revolving						2023						2022						2021						2020						2019						Prior						Total						Percent
I			$	10,129					$	149					$	414					$	308					$	321					$	84					$	31					$	11,435					97.2		%
II			142						—						2						1						—						—						—						146						1.2		%
III			150						—						16						9						—						8						—						184						1.6		%
IV			—						—						—						—						—						—						—						—						—		%
Commercial finance receivables, net of fees			$	10,421					$	149					$	432					$	318					$	322					$	92					$	31					$	11,765					100.0		%

__________

(a)Floorplan advances comprise 95% of the total revolving balance. Dealer term loans are presented by year of origination.

			Year of Origination(a)																																										December 31, 2022
			Revolving						2022						2021						2020						2019						2018						Prior												Total						Percent
I			$	9,493					$	438					$	356					$	360					$	91					$	38					$	18											$	10,794					98.2		%
II			89						—						1						—						—						—						—												91						0.8		%
III			78						15						—						—						10						—						—												104						0.9		%
IV			—						—						—						—						—						—						—												—						—		%
Commercial finance receivables, net of fees			$	9,660					$	453					$	357					$	360					$	102					$	38					$	18											$	10,988					100.0		%

__________

(a)Floorplan advances comprise 97% of the total revolving balance. Dealer term loans are presented by year of origination.

X

- Definition

Schedule of Intercompany Transactions [Table Text Block]

+ References

No definition available.

+ Details

Name:	gm_ScheduleofIntercompanyTransactionsTableTextBlock
Namespace Prefix:	gm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-29

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-80

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	gm_BusinessGroupAxis=gm_GmFinancialMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: