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Debt (Tables)

12 Months Ended

Dec. 31, 2023

Interest expense and financing interest expense

			Years Ended December 31,
			2023						2022						2021
Automotive interest expense			$	911					$	987					$	950
Automotive Financing - GM Financial interest expense			4,685						2,881						2,546
Total interest expense			$	5,596					$	3,868					$	3,496

Schedule of maturities of long-term debt

The following table summarizes contractual maturities including finance leases at December 31, 2023:

			Automotive						Automotive Financing						Total
2024			$	428					$	38,637					$	39,065
2025			2,644						22,971						25,615
2026			93						15,049						15,142
2027			1,826						8,770						10,596
2028			831						7,164						7,995
Thereafter			11,082						13,999						25,081
			$	16,905					$	106,590					$	123,494

Automotive

Debt carrying amount and fair value

The following table presents debt in our automotive operations:

			December 31, 2023												December 31, 2022
			Carrying Amount						Fair Value						Carrying Amount						Fair Value
Secured debt			$	134					$	132					$	124					$	123
Unsecured debt(a)			15,842						15,911						17,340						16,323
Finance lease liabilities			437						447						381						381
Total automotive debt(b)			$	16,413					$	16,490					$	17,844					$	16,828
Fair value utilizing Level 1 inputs									$	15,457											$	15,971
Fair value utilizing Level 2 inputs									$	1,033											$	857
Available under credit facility agreements(c)									$	16,446											$	15,095
Weighted-average interest rate on outstanding short-term debt(d)									16.2		%										6.1		%
Weighted-average interest rate on outstanding long-term debt(d)									5.8		%										5.8		%

__________

(a)Primarily consist of senior notes.

(b)Includes net discount and debt issuance costs of $527 million and $525 million at December 31, 2023 and 2022.

(c)Excludes our 364-day, $2.0 billion facility designated for exclusive use by GM Financial.

(d)Includes coupon rates on debt denominated in various foreign currencies and interest free loans.

GM Financial

Debt carrying amount and fair value

The following table presents debt of GM Financial:

			December 31, 2023												December 31, 2022
			Carrying Amount						Fair Value						Carrying Amount						Fair Value
Secured debt			$	45,243					$	44,971					$	42,131					$	41,467
Unsecured debt			60,084						59,651						54,723						52,270
Total GM Financial debt			$	105,327					$	104,622					$	96,854					$	93,738
Fair value utilizing Level 2 inputs									$	102,262											$	91,545
Fair value utilizing Level 3 inputs									$	2,360											$	2,192

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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