XML 74 R55.htm IDEA: XBRL DOCUMENT v3.24.0.1

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize key financial information by segment:

			At and For the Year Ended December 31, 2023
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	141,445					$	15,949					$	273											$	157,667					$	102					$	14,225					$	(151)					$	171,842
Earnings (loss) before interest and taxes-adjusted			$	12,306					$	1,210					$	(1,413)											$	12,103					$	(2,695)					$	2,985					$	(35)					$	12,357
Adjustments(a)			$	(1,604)					$	217					$	—											$	(1,387)					$	(478)					$	—					$	—					(1,865)
Automotive interest income																																																			1,109
Automotive interest expense																																																			(911)
Net income (loss) attributable to noncontrolling interests																																																			(287)
Income (loss) before income taxes																																																			10,403
Income tax benefit (expense)																																																			(563)
Net income (loss)																																																			9,840
Net loss (income) attributable to noncontrolling interests																																																			287
Net income (loss) attributable to stockholders																																																			$	10,127
Equity in net assets of nonconsolidated affiliates			$	2,595					$	6,348					$	—					$	—					$	8,943					$	—					$	1,670					$	—					$	10,613
Goodwill and intangibles			$	2,083					$	710					$	—					$	—					$	2,793					$	715					$	1,354					$	—					$	4,862
Total assets			$	155,908					$	26,225					$	41,271					$	(82,858)					$	140,546					$	4,555					$	130,780					$	(2,817)					$	273,064
Expenditures for property			$	10,147					$	522					$	15					$	—					$	10,684					$	63					$	24					$	198					$	10,970
Depreciation and amortization			$	6,146					$	589					$	21					$	—					$	6,755					$	38					$	4,944					$	—					$	11,737
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	209					$	—					$	—					$	209
Equity income (loss)(b)			$	196					$	440					$	—					$	—					$	635					$	—					$	138					$	—					$	773

__________

(a)    Consists of charges related to the VSP and strategic activities related to Buick dealerships in GMNA; the gain associated with India asset sales and the partial resolution of Korean subcontractor matters in GMI; and charges related to Cruise restructuring.

(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. Equity earnings related to Ultium Cells Holdings LLC were $293 million in the year ended December 31, 2023.

			At and For the Year Ended December 31, 2022
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	128,378					$	15,420					$	177											$	143,974					$	102					$	12,766					$	(107)					$	156,735
Earnings (loss) before interest and taxes-adjusted			$	12,988					$	1,143					$	(1,846)											$	12,286					$	(1,890)					$	4,076					$	2					$	14,474
Adjustments(a)			$	(411)					$	(657)					$	—											$	(1,068)					$	(1,057)					$	—					$	—					(2,125)
Automotive interest income																																																			460
Automotive interest expense																																																			(987)
Net income (loss) attributable to noncontrolling interests																																																			(226)
Income (loss) before income taxes																																																			11,597
Income tax benefit (expense)																																																			(1,888)
Net income (loss)																																																			9,708
Net loss (income) attributable to noncontrolling interests																																																			226
Net income (loss) attributable to stockholders																																																			$	9,934
Equity in net assets of nonconsolidated affiliates			$	1,820					$	6,691					$	—					$	—					$	8,511					$	—					$	1,665					$	—					$	10,176
Goodwill and intangibles			$	2,134					$	740					$	4					$	—					$	2,877					$	727					$	1,341					$	—					$	4,945
Total assets			$	157,250					$	24,808					$	60,518					$	(104,157)					$	138,419					$	5,510					$	121,544					$	(1,436)					$	264,037
Expenditures for property			$	8,280					$	706					$	20					$	—					$	9,007					$	197					$	44					$	(10)					$	9,238
Depreciation and amortization			$	5,800					$	513					$	21					$	—					$	6,335					$	53					$	4,888					$	—					$	11,276
Impairment charges			$	11					$	1					$	—					$	—					$	12					$	—					$	—					$	—					$	12
Equity income (loss)			$	(9)					$	672					$	—					$	—					$	663					$	—					$	173					$	—					$	837

__________

(a)    Consists of charges for strategic activities related to Buick dealerships and the resolution of substantially all royalty matters accrued with respect to past-year vehicle sales in GMNA; charges related to the shutdown of our Russia business in GMI; and charges related to the one-time modification of Cruise stock incentive awards.

			At and For the Year Ended December 31, 2021
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	101,308					$	12,172					$	104											$	113,584					$	106					$	13,419					$	(105)					$	127,004
Earnings (loss) before interest and taxes-adjusted			$	10,318					$	827					$	(680)											$	10,465					$	(1,196)					$	5,036					$	(10)					$	14,295
Adjustments(a)			$	(425)					$	(276)					$	—											$	(701)					$	—					$	—					$	—					(701)
Automotive interest income																																																			146
Automotive interest expense																																																			(950)
Net income (loss) attributable to noncontrolling interests																																																			(74)
Income (loss) before income taxes																																																			12,716
Income tax benefit (expense)																																																			(2,771)
Net income (loss)																																																			9,945
Net loss (income) attributable to noncontrolling interests																																																			74
Net income (loss) attributable to stockholders																																																			$	10,019
Equity in net assets of nonconsolidated affiliates			$	827					$	7,133					$	—					$	—					$	7,960					$	—					$	1,717					$	—					$	9,677
Goodwill and intangibles			$	2,240					$	772					$	—					$	—					$	3,012					$	736					$	1,339					$	—					$	5,087
Total assets			$	121,735					$	22,876					$	40,492					$	(56,936)					$	128,167					$	4,489					$	113,207					$	(1,145)					$	244,718
Expenditures for property			$	6,576					$	783					$	30					$	—					$	7,389					$	89					$	26					$	5					$	7,509
Depreciation and amortization			$	5,298					$	542					$	21					$	—					$	5,861					$	52					$	6,134					$	—					$	12,047
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	4					$	—					$	—					$	4
Equity income (loss)			$	8					$	1,092					$	—					$	—					$	1,100					$	—					$	201					$	—					$	1,301

__________

(a)    Consists of royalties accrued with respect to past-year vehicle sales and charges for strategic activities related to Cadillac dealerships in GMNA; and a settlement with certain third parties relating to retrospective recoveries of indirect taxes and an adjustment related to the unique events associated with Korea Supreme Court decisions related to our salaried workers in GMI.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table summarizes information concerning principal geographic areas:

			At and For the Years Ended December 31,
			2023												2022												2021
			Net Sales and Revenue						Long-Lived Assets						Net Sales and Revenue						Long-Lived Assets						Net Sales and Revenue						Long-Lived Assets
Automotive
U.S.			$	127,472					$	34,142					$	116,798					$	30,201					$	92,771					$	27,192
Non-U.S.			30,186						16,054						27,177						14,907						20,819						13,771
GM Financial
U.S.			12,133						27,397						11,035						29,411						11,712						34,452
Non-U.S.			2,051						3,309						1,725						3,431						1,702						3,629
Total consolidated			$	171,842					$	80,903					$	156,735					$	77,950					$	127,004					$	79,044

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

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

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

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

X

- References

No definition available.

+ Details

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