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Derivative Financial Instruments
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments 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 LevelSeptember 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$36,069 $100 $447 $36,145 $32 $621 
Cash flow hedges
Interest rate swaps22,061 19 28 1,873 35 4 
Foreign currency swaps(c)29,231 576 61 8,363 80 508 
Derivatives not designated as hedges(a)
Interest rate contracts2127,486 491 705 123,346 833 1,294 
Foreign currency contracts2181 — — — — — 
Total derivative financial instruments(d)$175,028 $1,187 $1,241 $169,727 $981 $2,427 
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(a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three and nine months ended September 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 months ended September 30, 2025 and 2024 and losses of $164 million and an insignificant amount for the nine months ended September 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 insignificant losses and gains of $246 million for the three months ended September 30, 2025 and 2024, and gains of $578 million and insignificant gains for the nine months ended September 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 insignificant losses and gains of $291 million for the three months ended September 30, 2025 and 2024 and gains of $675 million and insignificant gains for the nine months ended September 30, 2025 and 2024. All amounts reclassified from Accumulated other comprehensive loss were recorded to GM Financial interest, operating and other expenses in the condensed consolidated income statements. During the next 12 months, we expect insignificant gains that 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 $584 million at September 30, 2025 and $693 million at December 31, 2024. GM Financial held $70 million and $190 million of collateral from counterparties available for netting against GM Financial's asset positions and posted $628 million and $1.2 billion of collateral to counterparties available for netting against GM Financial's liability positions at September 30, 2025 and December 31, 2024.

The fair value for Level 2 instruments was derived using the market approach based on observable market inputs including quoted prices of similar instruments and foreign exchange and interest rate forward curves.
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:
September 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$3,873 $27 $6,406 $(6)
Long-term unsecured debt31,328 641 30,258 1,287 
GM Financial unsecured debt$35,201 $668 $36,664 $1,281 
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(a)Includes $472 million and $719 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at September 30, 2025 and December 31, 2024.