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Debt (Tables)
3 Months Ended
Mar. 31, 2024
Automotive  
Debt Instrument [Line Items]  
Schedule of Debt Carrying Amount and Fair Value The following table presents debt in our automotive operations:
March 31, 2024December 31, 2023
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$116 $116$134 $132
Unsecured debt(a)15,778 15,75715,842 15,911
Finance lease liabilities433 442437 447
Total automotive debt(b)$16,327 $16,315$16,413 $16,490
Fair value utilizing Level 1 inputs$15,357$15,457
Fair value utilizing Level 2 inputs$957$1,033
Available under credit facility agreements(c)$13,536$16,446
Weighted-average interest rate on outstanding short-term debt(d)16.9 %16.2 %
Weighted-average interest rate on outstanding long-term debt(d)5.8 %5.8 %
__________
(a)Primarily consists of senior notes.
(b)Includes net discount and debt issuance costs of $505 million and $527 million at March 31, 2024 and December 31, 2023.
(c)Excludes our 364-day, $2.0 billion facility allocated for exclusive use by GM Financial.
(d)Includes coupon rates on debt denominated in various foreign currencies and interest free loans.
GM Financial  
Debt Instrument [Line Items]  
Schedule of Debt Carrying Amount and Fair Value The following table presents debt of GM Financial:
March 31, 2024December 31, 2023
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$44,212 $43,892 $45,243 $44,971 
Unsecured debt61,698 61,430 60,084 59,651 
Total GM Financial debt$105,910 $105,322 $105,327 $104,622 
Fair value utilizing Level 2 inputs$103,049 $102,262 
Fair value utilizing Level 3 inputs$2,274 $2,360