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GM Financial Receivables and Transactions (Tables) - GM Financial | 12 Months Ended
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Dec. 31, 2024
Finance Receivables [Line Items] |
Schedule of GM Financial Receivables |
| December 31, 2024 |  | December 31, 2023
| Retail |  | Commercial(a) |  | Total |  | Retail |  | Commercial(a) |  | Total
GM Financial receivables | $ | 76,066 |  |  | $ | 19,228 |  |  | $ | 95,294 |  |  | $ | 72,729 |  |  | $ | 13,734 |  |  | $ | 86,463 |
Less: allowance for loan losses | (2,400) |  |  | (58) |  |  | (2,458) |  |  | (2,308) |  |  | (36) |  |  | (2,344) |
GM Financial receivables, net | $ | 73,667 |  |  | $ | 19,169 |  |  | $ | 92,836 |  |  | $ | 70,421 |  |  | $ | 13,698 |  |  | $ | 84,119 |
Fair value of GM Financial receivables utilizing Level 2 inputs |  |  |  |  | $ | 19,169 |  |  |  |  |  |  | $ | 13,698 |
Fair value of GM Financial receivables utilizing Level 3 inputs |  |  |  |  | $ | 74,729 |  |  |  |  |  |  | $ | 70,911 |
__________ (a)Commercial finance receivables include dealer financing of $18.6 billion and $13.3 billion, and other financing of $604 million and $476 million at December 31, 2024 and 2023. Commercial finance receivables are presented net of dealer cash management balances of $3.4 billion and $2.6 billion at December 31, 2024 and 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 |
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Allowance for loan losses at beginning of period | $ | 2,344 |  |  | $ | 2,096 |  |  | $ | 1,886 |
Provision for loan losses | 1,029 |  |  | 826 |  |  | 654 |
Charge-offs | (1,756) |  |  | (1,423) |  |  | (1,138) |
Recoveries | 903 |  |  | 768 |  |  | 686 |
Effect of foreign currency and other | (61) |  |  | 76 |  |  | 9 |
Allowance for loan losses at end of period | $ | 2,458 |  |  | $ | 2,344 |  |  | $ | 2,096 |
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 consolidated balance sheets and statements of income.
| December 31, 2024 |  | December 31, 2023
Consolidated Balance Sheets(a) |  |  |
Commercial finance receivables due from GM consolidated dealers | $ | 279 |  |  | $ | 164 |
Commercial finance receivables due from Cruise | $ | 395 |  |  | $ | 353 |
Subvention receivable from GM(b) | $ | 360 |  |  | $ | 508 |
Commercial loan funding payable to GM | $ | 100 |  |  | $ | 55 |
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Consolidated Statements of Income |  |  |  |  |
Interest subvention earned on finance receivables | $ | 1,385 |  |  | $ | 1,234 |  |  | $ | 984 |
Leased vehicle subvention earned | $ | 1,511 |  |  | $ | 1,537 |  |  | $ | 1,916 |
__________ (a)All balance sheet amounts are eliminated upon consolidation. (b)Our Automotive segments made cash payments to GM Financial for subvention of $3.8 billion, $3.5 billion and $2.4 billion in the years ended December 31, 2024, 2023 and 2022.
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 December 31, 2024 and 2023:
| Year of Origination |  |  |  | December 31, 2024
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total |  | Percent
Prime – FICO score 680 and greater | $ | 24,155 |  |  | $ | 15,814 |  |  | $ | 9,749 |  |  | $ | 5,424 |  |  | $ | 2,559 |  |  | $ | 366 |  |  |  |  | $ | 58,067 |  |  | 76.3 | %
Near-prime – FICO score 620 to 679 | 3,547 |  |  | 2,227 |  |  | 1,507 |  |  | 1,077 |  |  | 473 |  |  | 159 |  |  |  |  | 8,990 |  |  | 11.8 | %
Sub-prime – FICO score less than 620 | 3,399 |  |  | 2,059 |  |  | 1,546 |  |  | 1,141 |  |  | 543 |  |  | 322 |  |  |  |  | 9,008 |  |  | 11.8 | %
Retail finance receivables | $ | 31,101 |  |  | $ | 20,100 |  |  | $ | 12,802 |  |  | $ | 7,642 |  |  | $ | 3,575 |  |  | $ | 847 |  |  |  |  | $ | 76,066 |  |  | 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 December 31, 2024 and 2023:
| Year of Origination |  | December 31, 2024
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total |  | Percent
0-to-30 days | $ | 30,581 |  |  | $ | 19,411 |  |  | $ | 12,207 |  |  | $ | 7,178 |  |  | $ | 3,350 |  |  | $ | 710 |  |  |  |  | $ | 73,438 |  |  | 96.5 | %
31-to-60 days | 374 |  |  | 481 |  |  | 425 |  |  | 340 |  |  | 166 |  |  | 99 |  |  |  |  | 1,885 |  |  | 2.5 | %
Greater-than-60 days | 128 |  |  | 188 |  |  | 155 |  |  | 115 |  |  | 55 |  |  | 36 |  |  |  |  | 677 |  |  | 0.9 | %
Finance receivables more than 30 days delinquent | 502 |  |  | 669 |  |  | 580 |  |  | 455 |  |  | 221 |  |  | 135 |  |  |  |  | 2,562 |  |  | 3.4 | %
In repossession | 17 |  |  | 19 |  |  | 14 |  |  | 10 |  |  | 3 |  |  | 2 |  |  |  |  | 66 |  |  | 0.1 | %
Finance receivables more than 30 days delinquent or in repossession | 519 |  |  | 689 |  |  | 595 |  |  | 464 |  |  | 225 |  |  | 136 |  |  |  |  | 2,628 |  |  | 3.5 | %
Retail finance receivables | $ | 31,101 |  |  | $ | 20,100 |  |  | $ | 12,802 |  |  | $ | 7,642 |  |  | $ | 3,575 |  |  | $ | 847 |  |  |  |  | $ | 76,066 |  |  | 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 | GM Financial's dealer risk model and risk rating categories are as follows:
Rating |  | Description
I |  | Performing accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments.
II |  | Performing accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring.
III |  | Non-Performing accounts with inadequate paying capacity for current obligations and have the distinct possibility of creating a loss if deficiencies are not corrected.
IV |  | Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection of liquidation in full highly questionable or improbable.
The following tables summarize the dealer credit risk profile by dealer risk rating at December 31, 2024 and 2023:
| Year of Origination(a) |  | December 31, 2024 |  |
Dealer Risk Rating | Revolving |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total |  | Percent |  |  |  |
I | $ | 16,190 |  |  | $ | 321 |  |  | $ | 209 |  |  | $ | 360 |  |  | $ | 237 |  |  | $ | 267 |  |  | $ | 22 |  |  |  |  | $ | 17,606 |  |  | 94.5 | % |  |  |  |
II | 621 |  |  | — |  |  | 10 |  |  | 26 |  |  | 3 |  |  | 2 |  |  | — |  |  |  |  | 663 |  |  | 3.6 | % |  |  |  |
III | 305 |  |  | 10 |  |  | 4 |  |  | — |  |  | 22 |  |  | — |  |  | 12 |  |  |  |  | 354 |  |  | 1.9 | % |  |  |  |
IV | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 1 |  |  | — | % |  |  |  |
Balance at end of period | $ | 17,117 |  |  | $ | 331 |  |  | $ | 223 |  |  | $ | 385 |  |  | $ | 263 |  |  | $ | 269 |  |  | $ | 35 |  |  |  |  | $ | 18,623 |  |  | 100.0 | % |  |  |  |
__________ (a)Floorplan advances comprise 99.5% 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. There were no commercial finance receivables on nonaccrual status at December 31, 2024 and 2023.

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