XML 44 R32.htm IDEA: XBRL DOCUMENT v3.24.3

GM Financial Receivables and Transactions (Tables) - GM Financial

9 Months Ended

Sep. 30, 2024

Finance Receivables [Line Items]

Schedule of GM Financial Receivables

			September 30, 2024																		December 31, 2023
			Retail						Commercial(a)						Total						Retail						Commercial(a)						Total
GM Financial receivables			$	74,384					$	18,375					$	92,759					$	72,729					$	13,734					$	86,463
Less: allowance for loan losses			(2,323)						(54)						(2,377)						(2,308)						(36)						(2,344)
GM Financial receivables, net			$	72,060					$	18,321					$	90,382					$	70,421					$	13,698					$	84,119
Fair value of GM Financial receivables utilizing Level 2 inputs															$	18,321																	$	13,698
Fair value of GM Financial receivables utilizing Level 3 inputs															$	73,614																	$	70,911

__________

(a)Commercial finance receivables include dealer financing of $17.8 billion and $13.3 billion, and other financing of $531 million and $476 million at September 30, 2024 and December 31, 2023. Commercial finance receivables are presented net of dealer cash management balances of $3.2 billion and $2.6 billion at September 30, 2024 and December 31, 2023. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on its floorplan line by making principal payments to GM Financial in advance.

Schedule of Allowance for Loan Losses

			Three Months Ended												Nine Months Ended
			September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
Allowance for loan losses at beginning of period			$	2,311					$	2,202					$	2,344					$	2,096
Provision for loan losses			298						235						676						533
Charge-offs			(439)						(366)						(1,255)						(1,012)
Recoveries			217						196						653						574
Effect of foreign currency and other			(10)						(8)						(40)						67
Allowance for loan losses at end of period			$	2,377					$	2,258					$	2,377					$	2,258

Schedule of Intercompany Transactions

The following tables show transactions between our Automotive segments, Cruise and GM Financial. These amounts are presented in GM Financial's condensed consolidated balance sheets and statements of income.

			September 30, 2024						December 31, 2023
Condensed Consolidated Balance Sheets(a)
Commercial finance receivables due from GM consolidated dealers			$	208					$	164
Commercial finance receivables due from Cruise			$	395					$	353
Subvention receivable from GM(b)			$	350					$	508
Commercial loan funding payable to GM			$	96					$	55

			Three Months Ended												Nine Months Ended
			September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
Condensed Consolidated Statements of Income
Interest subvention earned on finance receivables			$	345					$	319					$	1,026					$	906
Leased vehicle subvention earned			$	385					$	382					$	1,108					$	1,165

__________

(a)All balance sheet amounts are eliminated upon consolidation.

(b)Our Automotive segments made cash payments to GM Financial for subvention of $1.2 billion and $629 million in the three months ended September 30, 2024 and 2023 and $2.9 billion and $2.3 billion in the nine months ended September 30, 2024 and 2023.

Retail Finance Receivables

Finance Receivables [Line Items]

Schedule of Finance Receivables Credit Quality

The following tables are consolidated summaries of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at September 30, 2024 and December 31, 2023:

			Year of Origination																																				September 30, 2024
			2024						2023						2022						2021						2020						Prior						Total						Percent
Prime – FICO score 680 and greater			$	17,609					$	17,704					$	11,118					$	6,255					$	3,084					$	544					$	56,315					75.7		%
Near-prime – FICO score 620 to 679			2,717						2,457						1,678						1,227						568						218						8,864						11.9		%
Sub-prime – FICO score less than 620			2,752						2,326						1,758						1,311						639						419						9,205						12.4		%
Retail finance receivables			$	23,078					$	22,487					$	14,553					$	8,793					$	4,291					$	1,181					$	74,384					100.0		%

			Year of Origination																																										December 31, 2023
			2023						2022						2021						2020						2019						Prior												Total						Percent
Prime – FICO score 680 and greater			$	23,940					$	15,581					$	9,039					$	4,926					$	1,076					$	320											$	54,882					75.5		%
Near-prime – FICO score 620 to 679			3,234						2,281						1,746						906						350						129												8,647						11.9		%
Sub-prime – FICO score less than 620			3,079						2,397						1,884						1,010						573						257												9,200						12.6		%
Retail finance receivables			$	30,253					$	20,259					$	12,670					$	6,842					$	2,000					$	707											$	72,729					100.0		%

Schedule of Retail Finance Receivables Delinquency

The following tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at September 30, 2024 and December 31, 2023, as well as summary totals for September 30, 2023:

			Year of Origination																																				September 30, 2024												September 30, 2023
			2024						2023						2022						2021						2020						Prior						Total						Percent						Total						Percent
0-to-30 days			$	22,754					$	21,853					$	13,961					$	8,328					$	4,060					$	1,021					$	71,977					96.8		%				$	69,735					97.3		%
31-to-60 days			231						442						419						338						171						117						1,718						2.3		%				1,424						2.0		%
Greater-than-60 days			81						167						155						116						55						41						616						0.8		%				488						0.7		%
Finance receivables more than 30 days delinquent			312						609						574						454						227						158						2,333						3.1		%				1,911						2.7		%
In repossession			13						25						18						11						4						2						73						0.1		%				58						0.1		%
Finance receivables more than 30 days delinquent or in repossession			325						634						592						465						231						160						2,407						3.2		%				1,969						2.7		%
Retail finance receivables			$	23,078					$	22,487					$	14,553					$	8,793					$	4,291					$	1,181					$	74,384					100.0		%				$	71,704					100.0		%

			Year of Origination																																				December 31, 2023
			2023						2022						2021						2020						2019						Prior												Total						Percent
0-to-30 days			$	29,816					$	19,602					$	12,098					$	6,533					$	1,825					$	599											$	70,472					96.9		%
31-to-60 days			318						470						415						227						130						78												1,637						2.3		%
Greater-than-60 days			102						168						142						76						42						29												559						0.8		%
Finance receivables more than 30 days delinquent			421						637						557						302						172						107												2,196						3.0		%
In repossession			17						20						14						6						3						1												61						0.1		%
Finance receivables more than 30 days delinquent or in repossession			437						657						572						308						175						108												2,257						3.1		%
Retail finance receivables			$	30,253					$	20,259					$	12,670					$	6,842					$	2,000					$	707											$	72,729					100.0		%

Commercial Finance Receivables

Finance Receivables [Line Items]

Schedule of Finance Receivables Credit Quality

The following tables summarize the dealer credit risk profile by dealer risk rating at September 30, 2024 and December 31, 2023:

			Year of Origination(a)																																										September 30, 2024
Dealer Risk Rating			Revolving						2024						2023						2022						2021						2020						Prior						Total						Percent
I			$	15,542					$	251					$	228					$	380					$	256					$	280					$	27					$	16,965					95.1		%
II			453						—						4						26						3						1						—						487						2.7		%
III			341						10						4						—						24						—						12						393						2.2		%
IV			—						—						—						—						—						—						—						—						—		%
Balance at end of period			$	16,337					$	261					$	237					$	406					$	283					$	281					$	39					$	17,844					100.0		%

__________

(a)Floorplan advances comprise 99.4% of the total revolving balance. Dealer term loans are presented by year of origination.

			Year of Origination(a)																																										December 31, 2023
Dealer Risk Rating			Revolving						2023						2022						2021						2020						2019						Prior												Total						Percent
I			$	11,513					$	279					$	403					$	297					$	301					$	75					$	11											$	12,879					97.1		%
II			182						—						2						2						—						—						—												187						1.4		%
III			152						1						15						12						—						11						—												192						1.4		%
IV			—						—						—						—						—						—						—												—						—		%
Balance at end of period			$	11,846					$	281					$	421					$	311					$	301					$	86					$	11											$	13,257					100.0		%

__________

(a)Floorplan advances comprise 99.7% of the total revolving balance. Dealer term loans are presented by year of origination.

X

- Definition

Schedule of Intercompany Transactions [Table Text Block]

+ References

No definition available.

+ Details

Name:	gm_ScheduleofIntercompanyTransactionsTableTextBlock
Namespace Prefix:	gm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 20
-Name Accounting Standards Codification
-Section 40
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481628/310-20-40-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-2

+ Details

Name:	us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-29

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-7

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-14

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-80

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	gm_BusinessGroupAxis=gm_GmFinancialMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: