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Segment Reporting (Tables)

9 Months Ended

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.

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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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 30
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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