XML 66 R49.htm IDEA: XBRL DOCUMENT
v3.24.4

Derivative Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Derivative [Line Items] |
Schedule of Fair Value Hedging Instruments | The following amounts were recorded in the consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:
| December 31, 2024 |  | December 31, 2023
| Carrying Amount of Hedged Items |  | Cumulative Amount of Fair Value Hedging Adjustments |  | Carrying Amount of Hedged Items |  | Cumulative Amount of Fair Value Hedging Adjustments
Short-term unsecured debt | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Long-term unsecured debt | 4,405 |  |  | 48 |  |  | 670 |  |  | (34) |
Automotive unsecured debt | $ | 4,405 |  |  | $ | 48 |  |  | $ | 670 |  |  | $ | (34) |
The following amounts were recorded in the consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:
| December 31, 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 | $ | 6,406 |  |  | $ | (6) |  |  | $ | 3,508 |  |  | $ | (8) |
Long-term unsecured debt | 30,258 |  |  | 1,287 |  |  | 30,043 |  |  | 1,037 |
GM Financial unsecured debt | $ | 36,664 |  |  | $ | 1,281 |  |  | $ | 33,551 |  |  | $ | 1,029 |
__________ (a)Includes $719 million and $872 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at December 31, 2024 and 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 |  | December 31, 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(b) |  | 2 |  | $ | 36,145 |  |  | $ | 32 |  |  | $ | 621 |  |  | $ | 18,379 |  |  | $ | 75 |  |  | $ | 238 |
Cash flow hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | 2 |  | 1,873 |  |  | 35 |  |  | 4 |  |  | 2,381 |  |  | 17 |  |  | 16 |
Foreign currency swaps(c) |  | 2 |  | 8,363 |  |  | 80 |  |  | 508 |  |  | 8,003 |  |  | 144 |  |  | 311 |
Derivatives not designated as hedges(a) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | 2 |  | 123,346 |  |  | 833 |  |  | 1,294 |  |  | 134,683 |  |  | 1,573 |  |  | 1,997 |
Total derivative financial instruments(d) |  |  |  | $ | 169,727 |  |  | $ | 981 |  |  | $ | 2,427 |  |  | $ | 163,446 |  |  | $ | 1,809 |  |  | $ | 2,563 |
__________ (a)The gains/losses included in our consolidated income statements and statements of comprehensive income for the years ended December 31, 2024, 2023 and 2022 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 fair value hedges in the consolidated income statements include losses of $200 million, an insignificant loss and an insignificant gain for the years ended December 31, 2024, 2023 and 2022. (c)The effect of foreign currency cash flow hedges in the consolidated statements of comprehensive income include losses of $375 million, gains of $139 million and losses of $529 million recognized in Accumulated other comprehensive loss and losses of $422 million, gains of $92 million and losses of $578 million reclassified from Accumulated other comprehensive loss into income for the years ended December 31, 2024, 2023 and 2022. (d)GM Financial held $190 million and $457 million of collateral from counterparties available for netting against GM Financial's asset positions, and posted $1.2 billion of collateral to counterparties available for netting against GM Financial's liability positions at December 31, 2024 and 2023.
Automotive |
Derivative [Line Items] |
Schedule of Notional Amounts for Derivative Financial Instruments | The following table presents the gross fair value amounts of derivative financial instruments and the associated notional amounts in our automotive operations:
| Fair Value Level |  | December 31, 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(b) | 2 |  | $ | 4,405 |  |  | $ | 13 |  |  | $ | 61 |  |  | $ | 670 |  |  | $ | 38 |  |  | $ | 4 |
Cash flow hedges(c) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | 2 |  | 6,555 |  |  | 190 |  |  | 124 |  |  | 809 |  |  | 6 |  |  | 12 |
Commodity contracts | 2 |  | 2,323 |  |  | 24 |  |  | 103 |  |  | 528 |  |  | 17 |  |  | 17 |
Total derivative financial instruments |  |  | $ | 13,283 |  |  | $ | 227 |  |  | $ | 288 |  |  | $ | 2,007 |  |  | $ | 60 |  |  | $ | 32 |
__________ (a)The gains/losses included in our consolidated income statements and consolidated statements of comprehensive income for the years ended December 31, 2024, 2023 and 2022 were insignificant. (b)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. (c)The effect of cash flow hedges recognized in the consolidated statements of comprehensive income were insignificant for the years ended December 31, 2024, 2023 and 2022. The effect of cash flow hedges reclassified from Accumulated other comprehensive loss to the consolidated income statements were insignificant for the years ended December 31, 2024, 2023 and 2022. We expect to recognize insignificant revenues and costs of goods sold over the next 12 months related to amounts included in Accumulated other comprehensive loss.

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/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 + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References 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 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
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: | gm_BusinessGroupAxis=gm_AutomotiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |