XML 49 R38.htm IDEA: XBRL DOCUMENT v3.25.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative [Line Items]  
Schedule of Cumulative Basis Adjustments for Fair Value Hedges
The following amounts were recorded in the condensed consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:
June 30, 2025December 31, 2024
Carrying Amount of Hedged ItemsCumulative Amount of Fair Value Hedging Adjustments(a)Carrying Amount of Hedged ItemsCumulative Amount of Fair Value Hedging Adjustments(a)
Short-term unsecured debt$4,663 $37 $6,406 $(6)
Long-term unsecured debt31,261 722 30,258 1,287 
GM Financial unsecured debt$35,924 $759 $36,664 $1,281 
__________
(a)Includes $594 million and $719 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at June 30, 2025 and December 31, 2024.
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 LevelJune 30, 2025December 31, 2024
NotionalFair Value of AssetsFair Value of LiabilitiesNotionalFair Value of AssetsFair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps(b)2$43,883 $158 $511 $36,145 $32 $621 
Cash flow hedges
Interest rate swaps22,179 23 26 1,873 35 4 
Foreign currency swaps(c)29,087 686 51 8,363 80 508 
Derivatives not designated as hedges(a)
Interest rate contracts2121,711 504 781 123,346 833 1,294 
Total derivative financial instruments(d)$176,860 $1,370 $1,368 $169,727 $981 $2,427 
__________
(a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three and six months ended June 30, 2025 and 2024 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 condensed consolidated income statements includes insignificant losses for the three and six months ended June 30, 2025 and 2024.
(c)The effect of foreign currency cash flow hedges recognized in Accumulated other comprehensive loss in the condensed consolidated statements of comprehensive income includes gains of $489 million and insignificant losses for the three months ended June 30, 2025 and 2024, and gains of $645 million and losses of $215 million for the six months ended June 30, 2025 and 2024. The effect of foreign currency cash flow hedges reclassified from Accumulated other comprehensive loss in the condensed consolidated statements of comprehensive income into income includes gains of $480 million and insignificant losses for the three months ended June 30, 2025 and 2024 and gains of $711 million and losses of $212 million for the six months ended June 30, 2025 and 2024. During the next 12 months, we expect insignificant gains will be reclassified into pre-tax earnings from foreign currency cash flow hedges designated for hedge accounting.
(d)The fair value of derivative instruments that are classified as assets or liabilities available for offset was $652 million at June 30, 2025 and $693 million at December 31, 2024. GM Financial held $62 million and $190 million of collateral from counterparties available for netting against GM Financial's asset positions and posted $687 million and $1.2 billion of collateral to counterparties available for netting against GM Financial's liability positions at June 30, 2025 and December 31, 2024.