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Equity in Net Assets of Nonconsolidated Affiliates (Tables)
3 Months Ended
Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Equity Income
Three Months Ended
March 31, 2024March 31, 2023
Automotive China joint ventures equity income (loss)$(106)$83 
Ultium Cells Holding LLC and other joint ventures equity income (loss)(a)156 (8)
Total Equity income (loss)$50 $75 
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(a)Equity earnings related to Ultium Cells Holdings LLC, an equally owned joint venture with LG Energy Solution (LGES), 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 $156 million and insignificant in the three months ended March 31, 2024 and 2023.
Summary of Financial Data for Nonconsolidated Affiliates
Three Months Ended
March 31, 2024March 31, 2023
Summarized Operating Data of Automotive China JVs
Automotive China JVs' net sales$4,111 $5,833 
Automotive China JVs' net income (loss)$(228)$123