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Debt (Tables)
9 Months Ended
Sep. 30, 2023
Automotive  
Debt Instrument [Line Items]  
Schedule of Debt Carrying Amount and Fair Value The following table presents debt in our automotive operations:
September 30, 2023December 31, 2022
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$125 $124 $124 $123 
Unsecured debt(a)15,764 14,527 17,340 16,323 
Finance lease liabilities469 478 381 381 
Total automotive debt(b)$16,357 $15,129 $17,844 $16,828 
Fair value utilizing Level 1 inputs$14,118 $15,971 
Fair value utilizing Level 2 inputs$1,011 $857 
Available under credit facility agreements(c)$13,472 $15,095 
Weighted-average interest rate on outstanding short-term debt(d)14.2 %6.1 %
Weighted-average interest rate on outstanding long-term debt(d)5.8 %5.8 %
__________
(a)Primarily consists of senior notes.
(b)Includes net discount and debt issuance costs of $522 million and $525 million at September 30, 2023 and December 31, 2022.
(c)Excludes our 364-day, $2.0 billion facility allocated for exclusive use by GM Financial.
(d)Includes coupon rates on debt denominated in various foreign currencies and interest free loans.
GM Financial  
Debt Instrument [Line Items]  
Schedule of Debt Carrying Amount and Fair Value The following table presents debt of GM Financial:
September 30, 2023December 31, 2022
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$45,271 $44,817 $42,131 $41,467 
Unsecured debt57,244 55,338 54,723 52,270 
Total GM Financial debt$102,515 $100,155 $96,854 $93,738 
Fair value utilizing Level 2 inputs$98,032 $91,545 
Fair value utilizing Level 3 inputs$2,123 $2,192