XML 69 R52.htm IDEA: XBRL DOCUMENT v3.24.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Taxes and Equity Income

			Years Ended December 31,
			2024						2023						2022
U.S. income (loss)			$	9,729					$	6,388					$	9,454
Non-U.S. income (loss)			3,465						3,535						1,306
Income (loss) before income taxes and equity income (loss)			$	13,194					$	9,924					$	10,760

Schedule of Components of Income Tax Expense (Benefit)

			Years Ended December 31,
			2024						2023						2022
Current income tax expense (benefit)
U.S. federal			$	202					$	240					$	389
U.S. state and local			309						490						368
Non-U.S.			676						874						707
Total current income tax expense (benefit)			1,188						1,605						1,464
Deferred income tax expense (benefit)
U.S. federal			891						(120)						263
U.S. state and local			101						(43)						109
Non-U.S.			376						(878)						53
Total deferred income tax expense (benefit)			1,368						(1,041)						425
Total income tax expense (benefit)			$	2,556					$	563					$	1,888

Schedule of Effective Income Tax Rate Reconciliation

			Years Ended December 31,
			2024						2023						2022
Income tax expense at U.S. federal statutory income tax rate			$	2,771					$	2,084					$	2,260
State and local tax expense (benefit)			323						348						388
Non-U.S. income taxed at other than the U.S. federal statutory tax rate			130						203						32
U.S. tax impact on Non-U.S. income and activities			(49)						(62)						5
Change in valuation allowances			46						(1,061)						(392)
Change in tax laws			9						25						78
General business credits and manufacturing incentives			(906)						(966)						(829)
Settlements of prior year tax matters			—						23						—
Realization of basis differences in affiliates			(45)						—						209
Foreign currency remeasurement			73						(62)						36
Other adjustments			204						31						102
Total income tax expense (benefit)			$	2,556					$	563					$	1,888

Schedule of Deferred Tax Assets and Liabilities

The following table summarizes the components of temporary differences and carryforwards that give rise to deferred tax assets and liabilities:

			December 31, 2024						December 31, 2023
Deferred tax assets
Postretirement benefits other than pensions			$	1,024					$	1,119
Pension and other employee benefit plans			1,421						1,522
Warranties, dealer and customer allowances, claims and discounts			4,215						3,684
U.S. capitalized research expenditures			10,111						9,879
U.S. operating loss and tax credit carryforwards(a)			6,582						6,033
Non-U.S. operating loss and tax credit carryforwards(b)			5,239						6,204
Miscellaneous			4,302						5,121
Total deferred tax assets before valuation allowances			32,894						33,562
Less: valuation allowances			(6,529)						(6,979)
Total deferred tax assets			26,365						26,583
Deferred tax liabilities
Property, plant and equipment			5,111						4,233
Intangible assets			635						699
Total deferred tax liabilities			5,746						4,932
Net deferred tax assets			$	20,619					$	21,651

__________

(a)At December 31, 2024, U.S. operating loss deferred tax assets were $411 million, where $129 million can be carried forward indefinitely and $282 million will expire by 2042, if not utilized. At December 31, 2024, U.S. tax credit carryforwards were $6.2 billion, where $462 million can be carried forward indefinitely and $5.7 billion will expire by 2044, if not utilized.

(b)At December 31, 2024, Non-U.S. operating loss deferred tax assets were $5.2 billion, where $4.8 billion can be carried forward indefinitely and $342 million will expire by 2044, if not utilized. At December 31, 2024, Non-U.S. tax credit carryforwards were $68 million, where $45 million can be carried forward indefinitely and $23 million will expire by 2043, if not utilized.

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes activity of the total amounts of unrecognized tax benefits:

			Years Ended December 31,
			2024						2023						2022
Balance at beginning of period			$	585					$	520					$	634
Additions to current year tax positions			108						45						12
Additions to prior years' tax positions			28						72						14
Reductions to prior years' tax positions			(109)						(15)						(98)
Reductions in tax positions due to lapse of statutory limitations			(7)						(19)						(20)
Settlements			(8)						(18)						(10)
Other			(11)						—						(12)
Balance at end of period			$	586					$	585					$	520

X

- Definition

Tabular disclosure of income before income taxes and equity method investment income between domestic and foreign jurisdictions.

+ References

No definition available.

+ Details

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

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

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

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

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

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

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