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Debt (Tables)
6 Months Ended
Jun. 30, 2024
Automotive  
Debt Instrument [Line Items]  
Schedule of Debt Carrying Amount and Fair Value The following table presents debt in our automotive operations:
June 30, 2024December 31, 2023
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$121 $119$134 $132
Unsecured debt(a)15,810 15,53915,842 15,911
Finance lease liabilities400 411437 447
Total automotive debt(b)$16,330 $16,069$16,413 $16,490
Fair value utilizing Level 1 inputs$15,128$15,457
Fair value utilizing Level 2 inputs$941$1,033
Available under credit facility agreements(c)$13,551$16,446
Weighted-average interest rate on outstanding short-term debt(d)8.1 %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 $481 million and $527 million at June 30, 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:
June 30, 2024December 31, 2023
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$44,630 $44,560 $45,243 $44,971 
Unsecured debt65,476 65,271 60,084 59,651 
Total GM Financial debt$110,106 $109,831 $105,327 $104,622 
Fair value utilizing Level 2 inputs$107,820 $102,262 
Fair value utilizing Level 3 inputs$2,010 $2,360