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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Derivative [Line Items]

Schedule of Cumulative Basis Adjustments for Fair Value Hedges

The following amounts were recorded in the condensed consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:

			September 30, 2024												December 31, 2023
			Carrying Amount of Hedged Items						Cumulative Amount of Fair Value Hedging Adjustments(a)						Carrying Amount of Hedged Items						Cumulative Amount of Fair Value Hedging Adjustments(a)
Short-term unsecured debt			$	7,168					$	(18)					$	3,508					$	(8)
Long-term unsecured debt			30,802						788						30,043						1,037
GM Financial unsecured debt			$	37,970					$	771					$	33,551					$	1,029

__________

(a)Includes $752 million and $872 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at September 30, 2024 and December 31, 2023.

GM Financial

Derivative [Line Items]

Schedule of Notional Amounts for Derivative Financial Instruments

The following table presents the gross fair value amounts of GM Financial's derivative financial instruments and the associated notional amounts:

			Fair Value Level						September 30, 2024																		December 31, 2023
									Notional						Fair Value of Assets						Fair Value of Liabilities						Notional						Fair Value of Assets						Fair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps			2						$	33,190					$	207					$	278					$	18,379					$	75					$	238
Cash flow hedges
Interest rate swaps			2						1,881						17						10						2,381						17						16
Foreign currency swaps(b)			2						8,993						284						218						8,003						144						311
Derivatives not designated as hedges(a)
Interest rate contracts			2						118,346						883						1,334						134,683						1,573						1,997
Foreign currency contracts			2						195						—						3						—						—						—
Total derivative financial instruments(c)									$	162,605					$	1,391					$	1,842					$	163,446					$	1,809					$	2,563

__________

(a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three and nine months ended September 30, 2024 and 2023 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.

(b)The effect of foreign currency cash flow hedges recognized in Accumulated other comprehensive loss in the condensed consolidated statements of comprehensive income includes gains of $246 million and losses of $154 million for the three months ended September 30, 2024 and 2023, and an insignificant gain and loss for the nine months ended September 30, 2024 and 2023. The effect of foreign currency cash flow hedges reclassified from Accumulated other comprehensive loss in the condensed consolidated statements of comprehensive income into income includes gains of $291 million and losses of $226 million for the three months ended September 30, 2024 and 2023, and an insignificant gain and losses of $129 million for the nine months ended September 30, 2024 and 2023.

(c)GM Financial held $225 million and $457 million of collateral from counterparties available for netting against GM Financial's asset positions and posted $819 million and $1.2 billion of collateral to counterparties available for netting against GM Financial's liability positions at September 30, 2024 and December 31, 2023.

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- 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/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

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Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

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