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GM Financial Receivables and Transactions (Tables) - GM Financial

12 Months Ended

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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