XML 56 R44.htm IDEA: XBRL DOCUMENT v3.24.3

Segment Reporting (Tables)

9 Months Ended

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 to 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 to 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.

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

+ Details

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

X

- References

No definition available.

+ Details

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