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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	40,725					$	3,298					$	37											$	44,060					$	25					$	3,918					$	(35)					$	47,969
Earnings (loss) before interest and taxes-adjusted			$	4,433					$	50					$	(401)											$	4,082					$	(458)					$	822					$	(8)					$	4,438
Adjustments(a)			$	(75)					$	(103)					$	—											$	(178)					$	(583)					$	—					$	—					(761)
Automotive interest income																																																			229
Automotive interest expense																																																			(206)
Net income (loss) attributable to noncontrolling interests																																																			(57)
Income (loss) before income taxes																																																			3,643
Income tax benefit (expense)																																																			(767)
Net income (loss)																																																			2,877
Net loss (income) attributable to noncontrolling interests																																																			57
Net income (loss) attributable to stockholders																																																			$	2,933
Equity in net assets of nonconsolidated affiliates			$	3,357					$	5,701					$	—					$	—					$	9,059					$	—					$	1,675					$	—					$	10,734
Goodwill and intangibles			$	2,025					$	692					$	—					$	—					$	2,717					$	714					$	1,346					$	—					$	4,778
Total assets			$	163,099					$	25,867					$	41,356					$	(83,178)					$	147,144					$	3,882					$	135,902					$	(3,972)					$	282,956
Depreciation and amortization			$	1,515					$	147					$	20					$	—					$	1,682					$	7					$	1,192					$	—					$	2,880
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	605					$	—					$	—					$	605
Equity income (loss)(b)			$	330					$	(103)					$	—					$	—					$	227					$	—					$	14					$	—					$	240

__________

(a)    Consists of charges for strategic activities related to Buick dealerships in GMNA, charges related to manufacturing operations wind down 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. Refer to Note 7 to our condensed consolidated financial statements for additional information.

			At and For the Three Months Ended June 30, 2023
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	37,220					$	3,955					$	79											$	41,254					$	26					$	3,498					$	(31)					$	44,746
Earnings (loss) before interest and taxes-adjusted			$	3,194					$	236					$	(347)											$	3,083					$	(611)					$	766					$	(4)					$	3,234
Adjustments(a)			$	(246)					$	76					$	—											$	(170)					$	—					$	—					$	—					(170)
Automotive interest income																																																			251
Automotive interest expense																																																			(226)
Net income (loss) attributable to noncontrolling interests																																																			(59)
Income (loss) before income taxes																																																			3,029
Income tax benefit (expense)																																																			(522)
Net income (loss)																																																			2,507
Net loss (income) attributable to noncontrolling interests																																																			59
Net income (loss) attributable to stockholders																																																			$	2,566
Equity in net assets of nonconsolidated affiliates			$	2,256					$	6,142					$	—					$	—					$	8,397					$	—					$	1,667					$	—					$	10,064
Goodwill and intangibles			$	2,141					$	724					$	4					$	—					$	2,869					$	727					$	1,354					$	—					$	4,950
Total assets			$	150,624					$	24,509					$	44,892					$	(74,453)					$	145,572					$	5,089					$	127,175					$	(2,003)					$	275,833
Depreciation and amortization			$	1,531					$	144					$	5					$	—					$	1,680					$	10					$	1,245					$	—					$	2,936
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Equity income (loss)(b)			$	31					$	77					$	—					$	—					$	108					$	—					$	37					$	—					$	145

__________

(a)    Consists of charges for strategic activities related to Buick dealerships in GMNA and the partial resolution of Korean subcontractor matters in GMI.

(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. Refer to Note 7 to our condensed consolidated financial statements for additional information.

			At and For the Six Months Ended June 30, 2024
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	76,824					$	6,380					$	68											$	83,272					$	51					$	7,730					$	(69)					$	90,983
Earnings (loss) before interest and taxes-adjusted			$	8,273					$	40					$	(645)											$	7,667					$	(900)					$	1,559					$	(16)					$	8,310
Adjustments(a)			$	(171)					$	(103)					$	—											$	(274)					$	(583)					$	—					$	—					(857)
Automotive interest income																																																			414
Automotive interest expense																																																			(425)
Net income (loss) attributable to noncontrolling interests																																																			(83)
Income (loss) before income taxes																																																			7,359
Income tax benefit (expense)																																																			(1,529)
Net income (loss)																																																			5,830
Net loss (income) attributable to noncontrolling interests																																																			83
Net income (loss) attributable to stockholders																																																			$	5,913
Depreciation and amortization			$	2,924					$	272					$	25					$	—					$	3,221					$	12					$	2,445					$	—					$	5,678
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	605					$	—					$	—					$	605
Equity income (loss)(b)			$	457					$	(211)					$	—					$	—					$	245					$	—					$	45					$	—					$	291

__________

(a)    Consists of charges for strategic activities related to Buick dealerships in GMNA, charges related to manufacturing operations wind down 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. Refer to Note 7 to our condensed consolidated financial statements for additional information.

			At and For the Six Months Ended June 30, 2023
			GMNA						GMI						Corporate						Eliminations						Total Automotive						Cruise						GM Financial						Eliminations/Reclassifications						Total
Net sales and revenue			$	70,108					$	7,682					$	110											$	77,900					$	51					$	6,841					$	(60)					$	84,732
Earnings (loss) before interest and taxes-adjusted			$	6,769					$	583					$	(674)											$	6,678					$	(1,172)					$	1,537					$	(6)					$	7,037
Adjustments(a)			$	(1,220)					$	76					$	—											$	(1,144)					$	—					$	—					$	—					(1,144)
Automotive interest income																																																			479
Automotive interest expense																																																			(460)
Net income (loss) attributable to noncontrolling interests																																																			(109)
Income (loss) before income taxes																																																			5,803
Income tax benefit (expense)																																																			(950)
Net income (loss)																																																			4,853
Net loss (income) attributable to noncontrolling interests																																																			109
Net income (loss) attributable to stockholders																																																			$	4,962
Depreciation and amortization			$	2,959					$	266					$	10					$	—					$	3,235					$	15					$	2,496					$	—					$	5,746
Impairment charges			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Equity income (loss)(b)			$	(15)					$	157					$	—					$	—					$	142					$	—					$	78					$	—					$	220

__________

(a)    Consists of charges for strategic activities related to Buick dealerships and charges related to the voluntary separation program (VSP) in GMNA and the partial resolution of Korean subcontractor matters in GMI.

(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. Refer to Note 7 to our condensed consolidated financial statements for additional information.

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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- References

No definition available.

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