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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative [Line Items]  
Schedule of Fair Value Hedging Instruments
The following amounts were recorded in the consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:
December 31, 2023December 31, 2022
Carrying Amount of Hedged ItemsCumulative Amount of Fair Value Hedging Adjustments(a)Carrying Amount of Hedged ItemsCumulative Amount of Fair Value Hedging Adjustments(a)
Short-term unsecured debt$3,508 $(8)$3,048 $2 
Long-term unsecured debt30,043 1,037 25,271 779 
GM Financial unsecured debt$33,551 $1,029 $28,319 $781 
__________
(a)Includes $872 million and an insignificant amount of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at December 31, 2023 and 2022.
GM Financial  
Derivative [Line Items]  
Schedule of Notional Amounts for Derivative Financial Instruments
The following table presents the gross fair value amounts of GM Financial's derivative financial instruments and the associated notional amounts:
Fair Value LevelDecember 31, 2023December 31, 2022
NotionalFair Value of AssetsFair Value of LiabilitiesNotionalFair Value of AssetsFair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps2$18,379 $75 $238 $19,950 $— $821 
 Cash flow hedges
Interest rate swaps22,381 17 16 1,434 34 1 
Foreign currency swaps(b)28,003 144 311 6,852 — 586 
Derivatives not designated as hedges(a)
Interest rate contracts2134,683 1,573 1,997 113,975 2,268 1,984 
Total derivative financial instruments(c)$163,446 $1,809 $2,563 $142,212 $2,302 $3,392 
__________
(a)The gains/losses included in our consolidated income statements and statements of comprehensive income for the years ended December 31, 2023, 2022 and 2021 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.
(b)The effect of foreign currency cash flow hedges in the consolidated statements of comprehensive income include gains of $139 million, losses of $529 million and losses of $352 million recognized in Accumulated other comprehensive loss and gains of $92 million, losses of $578 million and losses of $409 million reclassified from Accumulated other comprehensive loss into income for the years ended December 31, 2023, 2022 and 2021.
(c)GM Financial held $457 million and $553 million of collateral from counterparties available for netting against GM Financial's asset positions, and posted $1.2 billion and $1.5 billion of collateral to counterparties available for netting against GM Financial's liability positions at December 31, 2023 and 2022.