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Segment Reporting (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 41,157 |  |  | $ | 3,517 |  |  | $ | 62 |  |  |  |  | $ | 44,735 |  |  | $ | 26 |  |  | $ | 4,031 |  |  | $ | (36) |  |  | $ | 48,757 |
Earnings (loss) before interest and taxes-adjusted | $ | 3,982 |  |  | $ | 42 |  |  | $ | (204) |  |  |  |  | $ | 3,819 |  |  | $ | (383) |  |  | $ | 687 |  |  | $ | (8) |  |  | $ | 4,115 |
Adjustments(a) | $ | (340) |  |  | $ | (43) |  |  | $ | (34) |  |  |  |  | $ | (417) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (417) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 274 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (206) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (48) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,717 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (709) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,008 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,056 |
Equity in net assets of nonconsolidated affiliates | $ | 3,894 |  |  | $ | 5,575 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,469 |  |  | $ | — |  |  | $ | 1,570 |  |  | $ | — |  |  | $ | 11,039 |
Goodwill and intangibles | $ | 1,996 |  |  | $ | 686 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,682 |  |  | $ | 717 |  |  | $ | 1,346 |  |  | $ | — |  |  | $ | 4,745 |
Total assets | $ | 169,036 |  |  | $ | 25,767 |  |  | $ | 45,160 |  |  | $ | (86,689) |  |  | $ | 153,275 |  |  | $ | 3,552 |  |  | $ | 135,918 |  |  | $ | (3,457) |  |  | $ | 289,289 |
Depreciation and amortization | $ | 1,491 |  |  | $ | 131 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 1,650 |  |  | $ | 6 |  |  | $ | 1,217 |  |  | $ | — |  |  | $ | 2,873 |
Impairment charges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Equity income (loss)(b) | $ | 309 |  |  | $ | (132) |  |  | $ | — |  |  | $ | — |  |  | $ | 177 |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | 187 |
__________ (a) Consists of charges for strategic activities related to restructuring actions and Buick dealerships in GMNA, charges related to manufacturing operations wind down in GMI and headquarters relocation in Corporate. (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 t o Note 7 to our condensed consolidated financial statements for additional information.
| At and For the Three Months Ended September 30, 2023
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 36,106 |  |  | $ | 4,330 |  |  | $ | 67 |  |  |  |  | $ | 40,503 |  |  | $ | 25 |  |  | $ | 3,641 |  |  | $ | (38) |  |  | $ | 44,131 |
Earnings (loss) before interest and taxes-adjusted | $ | 3,526 |  |  | $ | 357 |  |  | $ | (322) |  |  |  |  | $ | 3,561 |  |  | $ | (732) |  |  | $ | 741 |  |  | $ | (7) |  |  | $ | 3,564 |
Adjustments(a) | $ | (123) |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | (123) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (123) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 322 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (229) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (70) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,464 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (470) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,994 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 70 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,064 |
Equity in net assets of nonconsolidated affiliates | $ | 2,603 |  |  | $ | 6,256 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,859 |  |  | $ | — |  |  | $ | 1,691 |  |  | $ | — |  |  | $ | 10,549 |
Goodwill and intangibles | $ | 2,112 |  |  | $ | 716 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 2,832 |  |  | $ | 723 |  |  | $ | 1,352 |  |  | $ | — |  |  | $ | 4,907 |
Total assets | $ | 155,556 |  |  | $ | 24,444 |  |  | $ | 47,964 |  |  | $ | (77,461) |  |  | $ | 150,504 |  |  | $ | 4,888 |  |  | $ | 128,962 |  |  | $ | (2,649) |  |  | $ | 281,705 |
Depreciation and amortization | $ | 1,585 |  |  | $ | 158 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 1,749 |  |  | $ | 12 |  |  | $ | 1,231 |  |  | $ | — |  |  | $ | 2,992 |
Impairment charges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Equity income (loss)(b) | $ | 105 |  |  | $ | 190 |  |  | $ | — |  |  | $ | — |  |  | $ | 295 |  |  | $ | — |  |  | $ | 33 |  |  | $ | — |  |  | $ | 328 |
__________ (a) Consists of charges for strategic activities related to Buick dealerships and charges related to the voluntary separation program (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. Refer to Note 7 to our condensed consolidated financial statements for additional information.
| At and For the Nine Months Ended September 30, 2024
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 117,981 |  |  | $ | 9,897 |  |  | $ | 130 |  |  |  |  | $ | 128,007 |  |  | $ | 76 |  |  | $ | 11,761 |  |  | $ | (105) |  |  | $ | 139,740 |
Earnings (loss) before interest and taxes-adjusted | $ | 12,254 |  |  | $ | 82 |  |  | $ | (850) |  |  |  |  | $ | 11,486 |  |  | $ | (1,284) |  |  | $ | 2,246 |  |  | $ | (25) |  |  | $ | 12,424 |
Adjustments(a) | $ | (511) |  |  | $ | (146) |  |  | $ | (34) |  |  |  |  | $ | (691) |  |  | $ | (583) |  |  | $ | — |  |  | $ | — |  |  | (1,274) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 688 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (631) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (132) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,076 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,238) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,837 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 132 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 8,969 |
Depreciation and amortization | $ | 4,415 |  |  | $ | 403 |  |  | $ | 53 |  |  | $ | — |  |  | $ | 4,871 |  |  | $ | 18 |  |  | $ | 3,662 |  |  | $ | — |  |  | $ | 8,551 |
Impairment charges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 605 |  |  | $ | — |  |  | $ | — |  |  | $ | 605 |
Equity income (loss)(b) | $ | 766 |  |  | $ | (343) |  |  | $ | — |  |  | $ | — |  |  | $ | 423 |  |  | $ | — |  |  | $ | 55 |  |  | $ | — |  |  | $ | 477 |
__________ (a) Consists of charges for strategic activities related to restructuring actions and Buick dealerships in GMNA, charges related to manufacturing operations wind down in GMI, headquarters relocation in Corporate 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 t o our condensed consolidated financial statements for additional information.
| At and For the Nine Months Ended September 30, 2023
| GMNA |  | GMI |  | Corporate |  | Eliminations |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Net sales and revenue | $ | 106,214 |  |  | $ | 12,011 |  |  | $ | 177 |  |  |  |  | $ | 118,403 |  |  | $ | 76 |  |  | $ | 10,482 |  |  | $ | (98) |  |  | $ | 128,863 |
Earnings (loss) before interest and taxes-adjusted | $ | 10,295 |  |  | $ | 940 |  |  | $ | (996) |  |  |  |  | $ | 10,240 |  |  | $ | (1,904) |  |  | $ | 2,278 |  |  | $ | (13) |  |  | $ | 10,601 |
Adjustments(a) | $ | (1,343) |  |  | $ | 76 |  |  | $ | — |  |  |  |  | $ | (1,267) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | (1,267) |
Automotive interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 801 |
Automotive interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (689) |
Net income (loss) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (179) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,267 |
Income tax benefit (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,421) |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,846 |
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 179 |
Net income (loss) attributable to stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 8,026 |
Depreciation and amortization | $ | 4,544 |  |  | $ | 424 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 4,984 |  |  | $ | 27 |  |  | $ | 3,727 |  |  | $ | — |  |  | $ | 8,738 |
Impairment charges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Equity income (loss)(b) | $ | 89 |  |  | $ | 348 |  |  | $ | — |  |  | $ | — |  |  | $ | 437 |  |  | $ | — |  |  | $ | 111 |  |  | $ | — |  |  | $ | 548 |
__________ (a) Consists of charges for strategic activities related to Buick dealerships and charges related to the 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.

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