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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize key financial information by segment:

			At and For the Three Months Ended March 31, 2024
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	36,099					$	3,082					$	32											$	39,212					$	25					$	3,811					$	(34)					$	43,014
Earnings (loss) before interest and taxes-adjusted			$	3,840					$	(10)					$	(245)											$	3,585					$	(442)					$	737					$	(8)					$	3,871
Adjustments(a)			$	(96)					$	—					$	—											$	(96)					$	—					$	—					$	—					(96)
Automotive interest income																																																			186
Automotive interest expense																																																			(219)
Net income (loss) attributable to noncontrolling interests																																																			(27)
Income (loss) before income taxes																																																			3,715
Income tax benefit (expense)																																																			(762)
Net income (loss)																																																			2,953
Net loss (income) attributable to noncontrolling interests																																																			27
Net income (loss) attributable to stockholders																																																			$	2,980
Equity in net assets of nonconsolidated affiliates			$	2,885					$	6,184					$	—					$	—					$	9,069					$	—					$	1,670					$	—					$	10,740
Goodwill and intangibles			$	2,054					$	701					$	—					$	—					$	2,755					$	715					$	1,353					$	—					$	4,823
Total assets			$	158,677					$	25,777					$	38,991					$	(79,334)					$	144,111					$	3,977					$	131,998					$	(3,496)					$	276,591
Depreciation and amortization			$	1,409					$	125					$	5					$	—					$	1,540					$	5					$	1,253					$	—					$	2,798
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Equity income (loss)(b)			$	127					$	(108)					$	—					$	—					$	19					$	—					$	32					$	—					$	50

__________

(a)    Consists of charges for strategic activities related to Buick dealerships in GMNA.

(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. In the three months ended March 31, 2024, equity earnings related to Ultium Cells Holdings LLC were $156 million.

			At and For the Three Months Ended March 31, 2023
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	32,889					$	3,727					$	31											$	36,646					$	25					$	3,343					$	(29)					$	39,985
Earnings (loss) before interest and taxes-adjusted			$	3,576					$	347					$	(327)											$	3,596					$	(561)					$	771					$	(3)					$	3,803
Adjustments(a)			$	(974)					$	—					$	—											$	(974)					$	—					$	—					$	—					(974)
Automotive interest income																																																			229
Automotive interest expense																																																			(234)
Net income (loss) attributable to noncontrolling interests																																																			(49)
Income (loss) before income taxes																																																			2,775
Income tax benefit (expense)																																																			(428)
Net income (loss)																																																			2,346
Net loss (income) attributable to noncontrolling interests																																																			49
Net income (loss) attributable to stockholders																																																			$	2,395
Equity in net assets of nonconsolidated affiliates			$	2,000					$	6,817					$	—					$	—					$	8,818					$	—					$	1,725					$	—					$	10,542
Goodwill and intangibles			$	2,154					$	732					$	4					$	—					$	2,890					$	728					$	1,350					$	—					$	4,968
Total assets			$	144,903					$	24,992					$	40,880					$	(69,676)					$	141,098					$	5,217					$	122,789					$	(2,099)					$	267,004
Depreciation and amortization			$	1,428					$	122					$	5					$	—					$	1,555					$	4					$	1,251					$	—					$	2,810
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Equity income (loss)(b)			$	(46)					$	81					$	—					$	—					$	34					$	—					$	41					$	—					$	75

__________

(a)    Consists of charges for strategic activities related to Buick dealerships and charges related to the VSP in GMNA.

(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. In the three months ended March 31, 2023, equity earnings related to Ultium Cells Holdings LLC were insignificant.

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- 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

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 30
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