XML 67 R50.htm IDEA: XBRL DOCUMENT v3.24.4

Pensions And Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Contributions to Defined Benefit Pension Plans

The following table summarizes contributions made to the defined benefit pension plans:

			Years Ended December 31,
			2024						2023						2022
U.S. hourly and salaried			$	526					$	357					$	71
Non-U.S.			653						395						332
Total			$	1,179					$	753					$	403

Schedule of Changes in Benefit Obligations, Plan Assets and Funded Status

			Year Ended December 31, 2024																		Year Ended December 31, 2023
			Pension Benefits												Global OPEB Plans						Pension Benefits												Global OPEB Plans
			U.S.						Non-U.S.												U.S.						Non-U.S.
Change in benefit obligations
Beginning benefit obligation			$	44,481					$	13,140					$	4,701					$	44,817					$	12,582					$	4,543
Service cost			113						156						10						103						161						9
Interest cost			2,132						505						226						2,273						551						236
Amendments			15						51						—						795						17						—
Actuarial (gains) losses			(1,600)						(350)						(179)						1,185						453						204
Benefits paid			(4,140)						(931)						(363)						(4,186)						(1,001)						(371)
Foreign currency translation adjustments			—						(882)						(95)						—						453						32
Curtailments, settlements and other			(859)						(85)						37						(506)						(76)						48
Ending benefit obligation			40,142						11,604						4,337						44,481						13,140						4,701
Change in plan assets
Beginning fair value of plan assets			42,287						9,819						—						44,901						9,530						—
Actual return on plan assets			487						288						—						1,829						640						—
Employer contributions			526						653						338						357						395						348
Benefits paid			(4,140)						(931)						(363)						(4,186)						(1,001)						(371)
Foreign currency translation adjustments			—						(610)						—						—						354						—
Settlements and other			(862)						(98)						25						(614)						(99)						23
Ending fair value of plan assets			38,298						9,121						—						42,287						9,819						—
Ending funded status			$	(1,844)					$	(2,483)					$	(4,337)					$	(2,194)					$	(3,321)					$	(4,701)
Amounts recorded in the consolidated balance sheets
Non-current assets			$	—					$	1,575					$	—					$	—					$	1,557					$	—
Current liabilities			(68)						(54)						(347)						(62)						(330)						(356)
Non-current liabilities			(1,776)						(4,004)						(3,990)						(2,132)						(4,548)						(4,345)
Net amount recorded			$	(1,844)					$	(2,483)					$	(4,337)					$	(2,194)					$	(3,321)					$	(4,701)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss			$	(3,953)					$	(2,242)					$	(152)					$	(3,372)					$	(2,560)					$	(332)
Net prior service (cost) credit			(747)						(117)						(5)						(793)						(74)						8
Total recorded in Accumulated other comprehensive loss			$	(4,700)					$	(2,359)					$	(157)					$	(4,165)					$	(2,634)					$	(324)

Schedule of amounts recorded in the consolidated balance sheets

			Year Ended December 31, 2024																		Year Ended December 31, 2023
			Pension Benefits												Global OPEB Plans						Pension Benefits												Global OPEB Plans
			U.S.						Non-U.S.												U.S.						Non-U.S.
Change in benefit obligations
Beginning benefit obligation			$	44,481					$	13,140					$	4,701					$	44,817					$	12,582					$	4,543
Service cost			113						156						10						103						161						9
Interest cost			2,132						505						226						2,273						551						236
Amendments			15						51						—						795						17						—
Actuarial (gains) losses			(1,600)						(350)						(179)						1,185						453						204
Benefits paid			(4,140)						(931)						(363)						(4,186)						(1,001)						(371)
Foreign currency translation adjustments			—						(882)						(95)						—						453						32
Curtailments, settlements and other			(859)						(85)						37						(506)						(76)						48
Ending benefit obligation			40,142						11,604						4,337						44,481						13,140						4,701
Change in plan assets
Beginning fair value of plan assets			42,287						9,819						—						44,901						9,530						—
Actual return on plan assets			487						288						—						1,829						640						—
Employer contributions			526						653						338						357						395						348
Benefits paid			(4,140)						(931)						(363)						(4,186)						(1,001)						(371)
Foreign currency translation adjustments			—						(610)						—						—						354						—
Settlements and other			(862)						(98)						25						(614)						(99)						23
Ending fair value of plan assets			38,298						9,121						—						42,287						9,819						—
Ending funded status			$	(1,844)					$	(2,483)					$	(4,337)					$	(2,194)					$	(3,321)					$	(4,701)
Amounts recorded in the consolidated balance sheets
Non-current assets			$	—					$	1,575					$	—					$	—					$	1,557					$	—
Current liabilities			(68)						(54)						(347)						(62)						(330)						(356)
Non-current liabilities			(1,776)						(4,004)						(3,990)						(2,132)						(4,548)						(4,345)
Net amount recorded			$	(1,844)					$	(2,483)					$	(4,337)					$	(2,194)					$	(3,321)					$	(4,701)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss			$	(3,953)					$	(2,242)					$	(152)					$	(3,372)					$	(2,560)					$	(332)
Net prior service (cost) credit			(747)						(117)						(5)						(793)						(74)						8
Total recorded in Accumulated other comprehensive loss			$	(4,700)					$	(2,359)					$	(157)					$	(4,165)					$	(2,634)					$	(324)

Schedule of Projected Benefit Obligations in Excess of Fair Value of Plan Assets

The following table summarizes the total accumulated benefit obligations (ABO), the ABO and fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the projected benefit obligation (PBO) and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:

			December 31, 2024												December 31, 2023
			U.S.						Non-U.S.						U.S.						Non-U.S.
ABO			$	40,126					$	11,516					$	44,464					$	13,050
Plans with ABO in excess of plan assets
ABO			$	40,126					$	4,267					$	44,464					$	4,863
Fair value of plan assets			$	38,298					$	298					$	42,287					$	74
Plans with PBO in excess of plan assets
PBO			$	40,141					$	4,396					$	44,481					$	4,953
Fair value of plan assets			$	38,298					$	338					$	42,287					$	74

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

The following table summarizes the total accumulated benefit obligations (ABO), the ABO and fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the projected benefit obligation (PBO) and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:

			December 31, 2024												December 31, 2023
			U.S.						Non-U.S.						U.S.						Non-U.S.
ABO			$	40,126					$	11,516					$	44,464					$	13,050
Plans with ABO in excess of plan assets
ABO			$	40,126					$	4,267					$	44,464					$	4,863
Fair value of plan assets			$	38,298					$	298					$	42,287					$	74
Plans with PBO in excess of plan assets
PBO			$	40,141					$	4,396					$	44,481					$	4,953
Fair value of plan assets			$	38,298					$	338					$	42,287					$	74

Schedule of Net Periodic Pension and OPEB expense

The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations:

			Year Ended December 31, 2024																		Year Ended December 31, 2023																		Year Ended December 31, 2022
			Pension Benefits												Global OPEB Plans						Pension Benefits												Global OPEB Plans						Pension Benefits												Global OPEB Plans
			U.S.						Non-U.S.												U.S.						Non-U.S.												U.S.						Non-U.S.
Components of expense
Service cost			$	185					$	165					$	10					$	173					$	173					$	9					$	233					$	157					$	16
Interest cost			2,132						505						226						2,273						551						236						1,292						293						148
Expected return on plan assets			(2,740)						(521)						—						(2,922)						(573)						—						(3,000)						(534)						—
Amortization of net actuarial (gains) losses			8						46						1						—						32						(23)						18						133						67
Curtailments, settlements and other			56						18						(1)						126						33						2						(17)						10						(5)
Net periodic pension and OPEB (income) expense			$	(359)					$	213					$	236					$	(350)					$	216					$	224					$	(1,474)					$	59					$	226
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate			5.56		%				4.68		%				5.51		%				5.12		%				4.41		%				5.13		%				5.47		%				4.85		%				5.51		%
Weighted-average assumptions used to determine net expense(a)
Discount rate			5.08		%				5.10		%				5.13		%				5.37		%				5.33		%				5.48		%				2.34		%				2.98		%				2.84		%
Expected rate of return on plan assets			6.27		%				5.25		%				N/A						6.30		%				5.65		%				N/A						5.38		%				4.39		%				N/A

__________

(a)    The rate of compensation increase and the cash balance interest crediting rates do not have a significant effect on our U.S. pension and OPEB plans.

Schedule of Assumptions Used

The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations:

			Year Ended December 31, 2024																		Year Ended December 31, 2023																		Year Ended December 31, 2022
			Pension Benefits												Global OPEB Plans						Pension Benefits												Global OPEB Plans						Pension Benefits												Global OPEB Plans
			U.S.						Non-U.S.												U.S.						Non-U.S.												U.S.						Non-U.S.
Components of expense
Service cost			$	185					$	165					$	10					$	173					$	173					$	9					$	233					$	157					$	16
Interest cost			2,132						505						226						2,273						551						236						1,292						293						148
Expected return on plan assets			(2,740)						(521)						—						(2,922)						(573)						—						(3,000)						(534)						—
Amortization of net actuarial (gains) losses			8						46						1						—						32						(23)						18						133						67
Curtailments, settlements and other			56						18						(1)						126						33						2						(17)						10						(5)
Net periodic pension and OPEB (income) expense			$	(359)					$	213					$	236					$	(350)					$	216					$	224					$	(1,474)					$	59					$	226
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate			5.56		%				4.68		%				5.51		%				5.12		%				4.41		%				5.13		%				5.47		%				4.85		%				5.51		%
Weighted-average assumptions used to determine net expense(a)
Discount rate			5.08		%				5.10		%				5.13		%				5.37		%				5.33		%				5.48		%				2.34		%				2.98		%				2.84		%
Expected rate of return on plan assets			6.27		%				5.25		%				N/A						6.30		%				5.65		%				N/A						5.38		%				4.39		%				N/A

__________

(a)    The rate of compensation increase and the cash balance interest crediting rates do not have a significant effect on our U.S. pension and OPEB plans.

Schedules of Fair Value of Plan Assets by Asset Class and Target Allocations

The following table summarizes the target allocations by asset category for U.S. and non-U.S. defined benefit pension plans:

			December 31, 2024												December 31, 2023
			U.S.						Non-U.S.						U.S.						Non-U.S.
Equity			11		%				9		%				11		%				10		%
Debt			60		%				74		%				60		%				75		%
Other(a)			29		%				17		%				29		%				15		%
Total			100		%				100		%				100		%				100		%

__________

(a)    Primarily includes private equity, real estate and absolute return strategies, which mainly consist of hedge funds.

Assets and Fair Value Measurements The following tables summarize the fair value of U.S. and non-U.S. defined benefit pension plan assets by asset class:

			December 31, 2024																								December 31, 2023
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
U.S. Pension Plan Assets
Common and preferred stocks			$	15					$	—					$	—					$	15					$	850					$	—					$	—					$	850
Government and agency debt securities(a)			—						11,728						—						11,728						—						9,822						—						9,822
Corporate and other debt securities			—						15,155						—						15,155						—						20,957						3						20,960
Other investments, net(b)(c)			(75)						(3,662)						389						(3,348)						545						(269)						328						604
Net plan assets subject to leveling			$	(60)					$	23,221					$	389					23,550						$	1,395					$	30,510					$	331					32,236
Plan assets measured at net asset value
Investment funds																					10,025																								5,322
Private equity and debt investments																					2,961																								2,864
Real estate investments																					2,655																								2,976
Total plan assets measured at net asset value																					15,641																								11,162
Other plan assets (liabilities), net(d)																					(893)																								(1,111)
Net plan assets																					$	38,298																							$	42,287

			December 31, 2024																								December 31, 2023
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Non-U.S. Pension Plan Assets
Common and preferred stocks			$	98					$	—					$	—					$	98					$	160					$	—					$	—					$	160
Government and agency debt securities(a)			—						2,262						5						2,267						—						2,310						—						2,310
Corporate and other debt securities			—						2,336						8						2,344						—						2,738						7						2,745
Other investments, net(b)(c)			8						(151)						35						(108)						(4)						(55)						43						(16)
Net plan assets subject to leveling			$	106					$	4,447					$	48					4,601						$	156					$	4,993					$	50					5,199
Plan assets measured at net asset value
Investment funds																					3,303																								3,265
Private equity and debt investments																					406																								431
Real estate investments																					689																								781
Total plan assets measured at net asset value																					4,398																								4,477
Other plan assets (liabilities), net(d)																					122																								143
Net plan assets																					$	9,121																							$	9,819

__________

(a)Includes U.S. and sovereign government and agency issues.

(b)Includes net derivative assets (liabilities).

(c)Level 2 Other investments, net includes approximately $3.6 billion of U.S. reverse repurchase agreements at December 31, 2024, and approximately $185 million and $137 million of Canadian reverse repurchase agreements at December 31, 2024 and 2023.

(d)Cash held by the plans, net of amounts receivable/payable for unsettled security transactions and payables for investment manager fees, custody fees and other expenses.

Schedule of Expected Net Benefit Payments

The following table summarizes net benefit payments expected to be paid in the future, which include assumptions related to estimated future employee service:

			Pension Benefits												Global OPEB Plans
			U.S. Plans						Non-U.S. Plans
2025			$	4,282					$	973					$	354
2026			$	4,036					$	870					$	350
2027			$	3,919					$	855					$	347
2028			$	3,771					$	840					$	343
2029			$	3,580					$	824					$	341
2030–2034			$	15,900					$	3,909					$	1,644

X

- Definition

Summarizes contributions to employee benefit plans or direct payments to plan beneficiaries.

+ References

No definition available.

+ Details

Name:	gm_ScheduleofcontributionstoemployeebenefitplansTableTextBlock
Namespace Prefix:	gm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (a)(b)(c)
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

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

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-3

+ Details

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

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (d)(5)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

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

X

- Definition

Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

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

X

- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

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

X

- Definition

Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-3

+ Details

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

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (f)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

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

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

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