000146785812/312020Q3FALSE311us-gaap:AccountingStandardsUpdate201613Member00014678582020-01-012020-09-30xbrli:shares00014678582020-10-19iso4217:USD0001467858gm:AutomotiveMember2020-07-012020-09-300001467858gm:AutomotiveMember2019-07-012019-09-300001467858gm:AutomotiveMember2020-01-012020-09-300001467858gm:AutomotiveMember2019-01-012019-09-300001467858gm:GmFinancialMember2020-07-012020-09-300001467858gm:GmFinancialMember2019-07-012019-09-300001467858gm:GmFinancialMember2020-01-012020-09-300001467858gm:GmFinancialMember2019-01-012019-09-3000014678582020-07-012020-09-3000014678582019-07-012019-09-3000014678582019-01-012019-09-30iso4217:USDxbrli:shares00014678582020-09-3000014678582019-12-310001467858gm:GmFinancialMember2020-09-300001467858gm:GmFinancialMember2019-12-310001467858gm:AutomotiveMember2020-09-300001467858gm:AutomotiveMember2019-12-3100014678582018-12-3100014678582019-09-300001467858us-gaap:CommonStockMember2018-12-310001467858us-gaap:AdditionalPaidInCapitalMember2018-12-310001467858us-gaap:RetainedEarningsMember2018-12-310001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001467858us-gaap:NoncontrollingInterestMember2018-12-310001467858us-gaap:RetainedEarningsMember2019-01-012019-03-310001467858us-gaap:NoncontrollingInterestMember2019-01-012019-03-3100014678582019-01-012019-03-310001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-03-310001467858us-gaap:AdditionalPaidInCapitalMember2019-01-012019-03-310001467858us-gaap:CommonStockMember2019-03-310001467858us-gaap:AdditionalPaidInCapitalMember2019-03-310001467858us-gaap:RetainedEarningsMember2019-03-310001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-310001467858us-gaap:NoncontrollingInterestMember2019-03-3100014678582019-03-310001467858us-gaap:RetainedEarningsMember2019-04-012019-06-300001467858us-gaap:NoncontrollingInterestMember2019-04-012019-06-3000014678582019-04-012019-06-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001467858us-gaap:NoncontrollingInterestMemberus-gaap:PreferredStockMember2019-04-012019-06-300001467858us-gaap:PreferredStockMember2019-04-012019-06-300001467858us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300001467858us-gaap:CommonStockMember2019-06-300001467858us-gaap:AdditionalPaidInCapitalMember2019-06-300001467858us-gaap:RetainedEarningsMember2019-06-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300001467858us-gaap:NoncontrollingInterestMember2019-06-3000014678582019-06-300001467858us-gaap:RetainedEarningsMember2019-07-012019-09-300001467858us-gaap:NoncontrollingInterestMember2019-07-012019-09-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300001467858us-gaap:NoncontrollingInterestMemberus-gaap:PreferredStockMember2019-07-012019-09-300001467858us-gaap:PreferredStockMember2019-07-012019-09-300001467858us-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300001467858us-gaap:CommonStockMember2019-09-300001467858us-gaap:AdditionalPaidInCapitalMember2019-09-300001467858us-gaap:RetainedEarningsMember2019-09-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300001467858us-gaap:NoncontrollingInterestMember2019-09-300001467858us-gaap:CommonStockMember2019-12-310001467858us-gaap:AdditionalPaidInCapitalMember2019-12-310001467858us-gaap:RetainedEarningsMember2019-12-310001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001467858us-gaap:NoncontrollingInterestMember2019-12-310001467858us-gaap:RetainedEarningsMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001467858srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001467858us-gaap:RetainedEarningsMember2020-01-012020-03-310001467858us-gaap:NoncontrollingInterestMember2020-01-012020-03-3100014678582020-01-012020-03-310001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001467858us-gaap:NoncontrollingInterestMemberus-gaap:PreferredStockMember2020-01-012020-03-310001467858us-gaap:PreferredStockMember2020-01-012020-03-310001467858us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310001467858us-gaap:CommonStockMember2020-03-310001467858us-gaap:AdditionalPaidInCapitalMember2020-03-310001467858us-gaap:RetainedEarningsMember2020-03-310001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001467858us-gaap:NoncontrollingInterestMember2020-03-3100014678582020-03-310001467858us-gaap:RetainedEarningsMember2020-04-012020-06-300001467858us-gaap:NoncontrollingInterestMember2020-04-012020-06-3000014678582020-04-012020-06-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001467858us-gaap:NoncontrollingInterestMemberus-gaap:PreferredStockMember2020-04-012020-06-300001467858us-gaap:PreferredStockMember2020-04-012020-06-300001467858us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001467858us-gaap:CommonStockMember2020-06-300001467858us-gaap:AdditionalPaidInCapitalMember2020-06-300001467858us-gaap:RetainedEarningsMember2020-06-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001467858us-gaap:NoncontrollingInterestMember2020-06-3000014678582020-06-300001467858us-gaap:RetainedEarningsMember2020-07-012020-09-300001467858us-gaap:NoncontrollingInterestMember2020-07-012020-09-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300001467858us-gaap:NoncontrollingInterestMemberus-gaap:PreferredStockMember2020-07-012020-09-300001467858us-gaap:PreferredStockMember2020-07-012020-09-300001467858us-gaap:AdditionalPaidInCapitalMember2020-07-012020-09-300001467858us-gaap:CommonStockMember2020-09-300001467858us-gaap:AdditionalPaidInCapitalMember2020-09-300001467858us-gaap:RetainedEarningsMember2020-09-300001467858us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300001467858us-gaap:NoncontrollingInterestMember2020-09-300001467858us-gaap:RetainedEarningsMemberus-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-01-010001467858us-gaap:RetainedEarningsMembergm:GmFinancialMemberus-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-01-010001467858gm:FinancingReceivableAllowanceforCreditLossMembergm:GmFinancialMemberus-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-01-010001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:VehiclesandPartsMemberus-gaap:CorporateNonSegmentMember2020-07-012020-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2020-07-012020-09-300001467858gm:VehiclesandPartsMemberus-gaap:IntersegmentEliminationMember2020-07-012020-09-300001467858gm:VehiclesandPartsMember2020-07-012020-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:UsedVehiclesMemberus-gaap:CorporateNonSegmentMember2020-07-012020-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2020-07-012020-09-300001467858gm:UsedVehiclesMemberus-gaap:IntersegmentEliminationMember2020-07-012020-09-300001467858gm:UsedVehiclesMember2020-07-012020-09-300001467858gm:GmnaMembergm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMembergm:GMIMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:CorporateNonSegmentMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300001467858gm:ServicesandOtherMemberus-gaap:OperatingSegmentsMembergm:CruiseMember2020-07-012020-09-300001467858gm:ServicesandOtherMemberus-gaap:IntersegmentEliminationMember2020-07-012020-09-300001467858gm:ServicesandOtherMember2020-07-012020-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300001467858gm:AutomotiveMemberus-gaap:CorporateNonSegmentMember2020-07-012020-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300001467858us-gaap:OperatingSegmentsMembergm:CruiseMember2020-07-012020-09-300001467858us-gaap:IntersegmentEliminationMember2020-07-012020-09-300001467858us-gaap:OperatingSegmentsMembergm:GMFinancialSegmentMember2020-07-012020-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:VehiclesandPartsMemberus-gaap:CorporateNonSegmentMember2019-07-012019-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2019-07-012019-09-300001467858gm:VehiclesandPartsMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300001467858gm:VehiclesandPartsMember2019-07-012019-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:UsedVehiclesMemberus-gaap:CorporateNonSegmentMember2019-07-012019-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2019-07-012019-09-300001467858gm:UsedVehiclesMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300001467858gm:UsedVehiclesMember2019-07-012019-09-300001467858gm:GmnaMembergm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMembergm:GMIMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:CorporateNonSegmentMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300001467858gm:ServicesandOtherMemberus-gaap:OperatingSegmentsMembergm:CruiseMember2019-07-012019-09-300001467858gm:ServicesandOtherMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300001467858gm:ServicesandOtherMember2019-07-012019-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300001467858gm:AutomotiveMemberus-gaap:CorporateNonSegmentMember2019-07-012019-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300001467858us-gaap:OperatingSegmentsMembergm:CruiseMember2019-07-012019-09-300001467858us-gaap:IntersegmentEliminationMember2019-07-012019-09-300001467858us-gaap:OperatingSegmentsMembergm:GMFinancialSegmentMember2019-07-012019-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:VehiclesandPartsMemberus-gaap:CorporateNonSegmentMember2020-01-012020-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2020-01-012020-09-300001467858gm:VehiclesandPartsMemberus-gaap:IntersegmentEliminationMember2020-01-012020-09-300001467858gm:VehiclesandPartsMember2020-01-012020-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:UsedVehiclesMemberus-gaap:CorporateNonSegmentMember2020-01-012020-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2020-01-012020-09-300001467858gm:UsedVehiclesMemberus-gaap:IntersegmentEliminationMember2020-01-012020-09-300001467858gm:UsedVehiclesMember2020-01-012020-09-300001467858gm:GmnaMembergm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMembergm:GMIMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:CorporateNonSegmentMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300001467858gm:ServicesandOtherMemberus-gaap:OperatingSegmentsMembergm:CruiseMember2020-01-012020-09-300001467858gm:ServicesandOtherMemberus-gaap:IntersegmentEliminationMember2020-01-012020-09-300001467858gm:ServicesandOtherMember2020-01-012020-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300001467858gm:AutomotiveMemberus-gaap:CorporateNonSegmentMember2020-01-012020-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300001467858us-gaap:OperatingSegmentsMembergm:CruiseMember2020-01-012020-09-300001467858us-gaap:IntersegmentEliminationMember2020-01-012020-09-300001467858us-gaap:OperatingSegmentsMembergm:GMFinancialSegmentMember2020-01-012020-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:VehiclesandPartsMemberus-gaap:CorporateNonSegmentMember2019-01-012019-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:VehiclesandPartsMember2019-01-012019-09-300001467858gm:VehiclesandPartsMemberus-gaap:IntersegmentEliminationMember2019-01-012019-09-300001467858gm:VehiclesandPartsMember2019-01-012019-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:UsedVehiclesMemberus-gaap:CorporateNonSegmentMember2019-01-012019-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMembergm:UsedVehiclesMember2019-01-012019-09-300001467858gm:UsedVehiclesMemberus-gaap:IntersegmentEliminationMember2019-01-012019-09-300001467858gm:UsedVehiclesMember2019-01-012019-09-300001467858gm:GmnaMembergm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMembergm:GMIMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:CorporateNonSegmentMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:ServicesandOtherMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300001467858gm:ServicesandOtherMemberus-gaap:OperatingSegmentsMembergm:CruiseMember2019-01-012019-09-300001467858gm:ServicesandOtherMemberus-gaap:IntersegmentEliminationMember2019-01-012019-09-300001467858gm:ServicesandOtherMember2019-01-012019-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300001467858gm:AutomotiveMemberus-gaap:CorporateNonSegmentMember2019-01-012019-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300001467858us-gaap:OperatingSegmentsMembergm:CruiseMember2019-01-012019-09-300001467858us-gaap:IntersegmentEliminationMember2019-01-012019-09-300001467858us-gaap:OperatingSegmentsMembergm:GMFinancialSegmentMember2019-01-012019-09-3000014678582020-10-012020-09-3000014678582021-01-012020-09-3000014678582022-01-012020-09-3000014678582023-01-012020-09-300001467858gm:CashAndCashEquivalentsLineItemMember2020-09-300001467858gm:CashAndCashEquivalentsLineItemMember2019-12-310001467858us-gaap:USTreasuryAndGovernmentMembergm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel2Member2020-09-300001467858us-gaap:USTreasuryAndGovernmentMembergm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel2Member2019-12-310001467858gm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2020-09-300001467858gm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2019-12-310001467858gm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2020-09-300001467858gm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2019-12-310001467858gm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel1Member2020-09-300001467858gm:CashAndCashEquivalentsLineItemMemberus-gaap:FairValueInputsLevel1Member2019-12-310001467858us-gaap:USTreasuryAndGovernmentMembergm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Member2020-09-300001467858us-gaap:USTreasuryAndGovernmentMembergm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Member2019-12-310001467858gm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2020-09-300001467858gm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2019-12-310001467858us-gaap:AssetBackedSecuritiesMembergm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Member2020-09-300001467858us-gaap:AssetBackedSecuritiesMembergm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Member2019-12-310001467858gm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2020-09-300001467858gm:DebtSecuritiesAvailableforsaleCurrentMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2019-12-310001467858gm:DebtSecuritiesAvailableforsaleCurrentMember2020-09-300001467858gm:DebtSecuritiesAvailableforsaleCurrentMember2019-12-310001467858us-gaap:FairValueInputsLevel1Memberus-gaap:OtherCurrentAssetsMember2020-09-300001467858us-gaap:FairValueInputsLevel1Memberus-gaap:OtherCurrentAssetsMember2019-12-310001467858gm:GMKoreaMember2019-12-310001467858gm:GMKoreaMember2020-09-300001467858gm:CruiseMember2020-09-300001467858gm:CruiseMember2019-12-310001467858gm:DebtSecuritiesAvailableforsaleCurrentMembergm:CruiseMember2020-09-300001467858gm:DebtSecuritiesAvailableforsaleCurrentMembergm:CruiseMember2019-12-310001467858gm:InterestIncomeandOtherNonOperatingIncomeMemberus-gaap:OtherCurrentAssetsMembergm:LyftInc.Member2019-07-012019-09-300001467858gm:InterestIncomeandOtherNonOperatingIncomeMemberus-gaap:OtherCurrentAssetsMembergm:LyftInc.Member2019-01-012019-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMember2020-09-300001467858gm:GmFinancialMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMember2019-12-310001467858gm:GmFinancialMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310001467858gm:GmFinancialMemberus-gaap:FairValueInputsLevel2Member2020-09-300001467858gm:GmFinancialMemberus-gaap:FairValueInputsLevel2Member2019-12-310001467858gm:GmFinancialMemberus-gaap:FairValueInputsLevel3Member2020-09-300001467858gm:GmFinancialMemberus-gaap:FairValueInputsLevel3Member2019-12-310001467858gm:GmFinancialMember2020-06-300001467858gm:GmFinancialMember2019-06-300001467858gm:GmFinancialMember2018-12-3100014678582019-01-012019-12-310001467858gm:GmFinancialMemberus-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001467858gm:GmFinancialMember2019-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMember2020-01-012020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FICOScoreGreaterthan680Member2020-09-30xbrli:pure0001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FICOScoreGreaterthan680Member2019-12-310001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FICOScore620to679Member2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FICOScore620to679Member2019-12-310001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FICOScoreLessthan620Member2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FICOScoreLessthan620Member2019-12-310001467858us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMembergm:NotPastDueMembergm:GmFinancialMember2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FinancingReceivables31to60DaysPastDueMemberus-gaap:NonperformingFinancingReceivableMember2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FinancingReceivables31to60DaysPastDueMember2019-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:FinancingReceivablesGreaterthan60DaysPastDueMembergm:GmFinancialMemberus-gaap:NonperformingFinancingReceivableMember2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:FinancingReceivablesGreaterthan60DaysPastDueMembergm:GmFinancialMember2019-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:FinancingReceivablesGreaterthan30DaysPastDueMembergm:GmFinancialMemberus-gaap:NonperformingFinancingReceivableMember2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:FinancingReceivablesGreaterthan30DaysPastDueMembergm:GmFinancialMember2019-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FinancingReceivablesInRepossessionMemberus-gaap:NonperformingFinancingReceivableMember2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMembergm:FinancingReceivablesInRepossessionMember2019-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMemberus-gaap:NonperformingFinancingReceivableMember2020-09-300001467858us-gaap:ConsumerPortfolioSegmentMembergm:GmFinancialMember2019-09-300001467858us-gaap:ConsumerPortfolioSegmentMember2020-09-300001467858gm:GmFinancialMemberus-gaap:CommercialPortfolioSegmentMember2020-01-012020-09-300001467858gm:GmFinancialMemberus-gaap:InternalInvestmentGradeMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300001467858gm:GmFinancialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2020-09-300001467858gm:GmFinancialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2020-09-300001467858gm:GmFinancialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:SubprimeMember2020-09-300001467858gm:FloorplanAdvancesMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMemberus-gaap:CommercialPortfolioSegmentMember2020-09-300001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMemberus-gaap:CommercialPortfolioSegmentMember2019-12-310001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMember2020-09-300001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMember2019-12-310001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMember2020-07-012020-09-300001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMember2020-01-012020-09-300001467858gm:GmFinancialMemberus-gaap:IntersegmentEliminationMember2019-01-012019-09-300001467858us-gaap:VehiclesMember2020-01-012020-09-300001467858us-gaap:VehiclesMember2020-09-300001467858us-gaap:VehiclesMember2019-12-310001467858us-gaap:VehiclesMember2020-07-012020-09-300001467858us-gaap:VehiclesMember2019-07-012019-09-300001467858us-gaap:VehiclesMember2019-01-012019-09-300001467858gm:GmFinancialMemberus-gaap:VehiclesMember2020-01-012020-09-300001467858gm:GmFinancialMemberus-gaap:VehiclesMember2020-09-300001467858gm:AutomotiveChinaJointVenturesMember2020-07-012020-09-300001467858gm:AutomotiveChinaJointVenturesMember2019-07-012019-09-300001467858gm:AutomotiveChinaJointVenturesMember2020-01-012020-09-300001467858gm:AutomotiveChinaJointVenturesMember2019-01-012019-09-300001467858gm:OtherjointventuresMember2020-07-012020-09-300001467858gm:OtherjointventuresMember2019-07-012019-09-300001467858gm:OtherjointventuresMember2020-01-012020-09-300001467858gm:OtherjointventuresMember2019-01-012019-09-300001467858us-gaap:EquityMethodInvesteeMember2020-09-300001467858us-gaap:EquityMethodInvesteeMember2019-12-310001467858gm:NorthAmericaReportingUnitMembergm:GMFinancialSegmentMember2020-09-300001467858us-gaap:VariableInterestEntityPrimaryBeneficiaryMembergm:GmFinancialMember2020-01-012020-09-300001467858us-gaap:VariableInterestEntityPrimaryBeneficiaryMembergm:GmFinancialMember2020-09-300001467858us-gaap:VariableInterestEntityPrimaryBeneficiaryMembergm:GmFinancialMember2019-12-310001467858us-gaap:VariableInterestEntityPrimaryBeneficiaryMembergm:GmFinancialMemberus-gaap:EquipmentLeasedToOtherPartyMember2020-09-300001467858us-gaap:VariableInterestEntityPrimaryBeneficiaryMembergm:GmFinancialMemberus-gaap:EquipmentLeasedToOtherPartyMember2019-12-310001467858gm:AutomotiveMemberus-gaap:SecuredDebtMember2020-09-300001467858gm:AutomotiveMemberus-gaap:SecuredDebtMember2019-12-310001467858gm:AutomotiveMemberus-gaap:UnsecuredDebtMember2020-09-300001467858gm:AutomotiveMemberus-gaap:UnsecuredDebtMember2019-12-310001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel1Member2020-09-300001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel1Member2019-12-310001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Member2020-09-300001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Member2019-12-310001467858us-gaap:LineOfCreditMembergm:GmFinancialMembergm:TwoBillionDollarRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2020-01-012020-09-300001467858us-gaap:LineOfCreditMembergm:GmFinancialMembergm:TwoBillionDollarRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2020-09-300001467858gm:ThreeYearRevolvingCreditFacilityApril2021Memberus-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-03-012020-03-310001467858gm:ThreeYearRevolvingCreditFacilityApril2021Memberus-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-01-012020-09-300001467858gm:ThreeYearRevolvingCreditFacilityApril2021Memberus-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-09-300001467858us-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-03-012020-03-310001467858us-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-04-012020-04-300001467858us-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-04-300001467858us-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-05-310001467858us-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-05-012020-05-310001467858us-gaap:LineOfCreditMembergm:FiveYearRevolvingCreditFacilityDue2023Memberus-gaap:UnsecuredDebtMember2020-03-012020-03-310001467858us-gaap:LineOfCreditMembergm:FiveYearRevolvingCreditFacilityDue2023Memberus-gaap:UnsecuredDebtMember2020-01-012020-09-300001467858us-gaap:LineOfCreditMembergm:FiveYearRevolvingCreditFacilityDue2023Memberus-gaap:UnsecuredDebtMember2020-09-300001467858gm:ThreeYearRevolvingCreditFacilityApril2021Memberus-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-09-012020-09-300001467858us-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-09-012020-09-300001467858us-gaap:LineOfCreditMembergm:FiveYearRevolvingCreditFacilityDue2023Memberus-gaap:SubsequentEventMemberus-gaap:UnsecuredDebtMember2020-10-012020-10-310001467858us-gaap:LineOfCreditMembergm:FiveYearRevolvingCreditFacilityDue2023Memberus-gaap:SubsequentEventMemberus-gaap:UnsecuredDebtMember2020-10-310001467858us-gaap:LineOfCreditMembergm:GmFinancialMembergm:TwoBillionDollarRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2020-04-012020-04-300001467858us-gaap:LineOfCreditMembergm:GmFinancialMembergm:TwoBillionDollarRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2020-04-300001467858us-gaap:LineOfCreditMembergm:ThreeYearRevolvingCreditFacilityApril2022Memberus-gaap:UnsecuredDebtMember2020-04-300001467858gm:ThreeYearRevolvingCreditFacilityApril2021Memberus-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-04-012020-04-300001467858gm:ThreeYearRevolvingCreditFacilityApril2021Memberus-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-04-300001467858us-gaap:LineOfCreditMemberus-gaap:UnsecuredDebtMember2020-09-300001467858us-gaap:UnsecuredDebtMemberus-gaap:SeniorNotesMember2020-05-310001467858us-gaap:LineOfCreditMembergm:GmFinancialMembergm:TwoBillionDollarRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2020-05-012020-05-310001467858us-gaap:LineOfCreditMembergm:GmFinancialMembergm:TwoBillionDollarRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2020-05-310001467858gm:FloatingRateNotesMemberus-gaap:UnsecuredDebtMemberus-gaap:SeniorNotesMember2020-08-012020-08-310001467858gm:GmFinancialMemberus-gaap:SecuredDebtMember2020-09-300001467858gm:GmFinancialMemberus-gaap:SecuredDebtMember2019-12-310001467858gm:GmFinancialMemberus-gaap:UnsecuredDebtMember2020-09-300001467858gm:GmFinancialMemberus-gaap:UnsecuredDebtMember2019-12-310001467858gm:GmFinancialMemberus-gaap:SecuredDebtMemberus-gaap:NotesPayableOtherPayablesMembergm:SecuritizationNotesPayableMember2020-09-300001467858us-gaap:LineOfCreditMembergm:GmFinancialMember2020-09-300001467858gm:GmFinancialMemberus-gaap:UnsecuredDebtMemberus-gaap:SeniorNotesMember2020-09-300001467858us-gaap:RevolvingCreditFacilityMembersrt:MaximumMembergm:GmFinancialMemberus-gaap:UnsecuredDebtMember2020-01-012020-09-300001467858us-gaap:RevolvingCreditFacilityMembergm:GmFinancialMemberus-gaap:UnsecuredDebtMember2020-09-300001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2020-09-300001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2019-12-310001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2020-09-300001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:CommodityContractMember2019-12-310001467858gm:AutomotiveMembergm:WarrantsExercisableIntoFixedNumberOfPubliclyTradedSharesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMember2020-09-300001467858gm:AutomotiveMembergm:WarrantsExercisableIntoFixedNumberOfPubliclyTradedSharesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMember2019-12-310001467858gm:AutomotiveMemberus-gaap:NondesignatedMember2020-09-300001467858gm:AutomotiveMemberus-gaap:NondesignatedMember2019-12-310001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMembergm:PSAGroupMember2020-09-300001467858gm:AutomotiveMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMembergm:PSAGroupMember2019-12-310001467858gm:AutomotiveMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:NondesignatedMembergm:PSAGroupMember2020-07-012020-09-300001467858gm:AutomotiveMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:NondesignatedMembergm:PSAGroupMember2019-07-012019-09-300001467858gm:AutomotiveMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:NondesignatedMembergm:PSAGroupMember2020-01-012020-09-300001467858gm:AutomotiveMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:NondesignatedMembergm:PSAGroupMember2019-01-012019-09-300001467858us-gaap:InterestRateSwapMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300001467858us-gaap:InterestRateSwapMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310001467858gm:ForeignCurrencySwapsMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300001467858gm:ForeignCurrencySwapsMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310001467858us-gaap:InterestRateSwapMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300001467858us-gaap:InterestRateSwapMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310001467858gm:ForeignCurrencySwapsMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-09-300001467858gm:ForeignCurrencySwapsMembergm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310001467858gm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2020-09-300001467858gm:GmFinancialMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMemberus-gaap:InterestRateContractMember2019-12-310001467858gm:GmFinancialMemberus-gaap:LongTermDebtMemberus-gaap:FairValueHedgingMember2020-09-300001467858gm:GmFinancialMemberus-gaap:LongTermDebtMemberus-gaap:FairValueHedgingMember2019-12-310001467858us-gaap:PensionPlansDefinedBenefitMembercountry:US2020-07-012020-09-300001467858us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2020-07-012020-09-300001467858us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-07-012020-09-300001467858us-gaap:PensionPlansDefinedBenefitMembercountry:US2019-07-012019-09-300001467858us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2019-07-012019-09-300001467858us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-07-012019-09-300001467858us-gaap:PensionPlansDefinedBenefitMembercountry:US2020-01-012020-09-300001467858us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2020-01-012020-09-300001467858us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-01-012020-09-300001467858us-gaap:PensionPlansDefinedBenefitMembercountry:US2019-01-012019-09-300001467858us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2019-01-012019-09-300001467858us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-01-012019-09-30gm:action0001467858gm:IgnitionSwitchRecallLitigationsEconomicDamageMember2020-09-30gm:state0001467858gm:GrantedMotiontoDismissMembergm:IgnitionSwitchRecallLitigations2009SalesOrderMember2017-08-310001467858gm:IgnitionSwitchRecallLitigations2009SalesOrderMember2017-08-310001467858gm:IgnitionSwitchRecallLitigations2009SalesOrderMemberus-gaap:PendingLitigationMember2017-08-310001467858gm:IgnitionSwitchRecallLitigations2009SalesOrderMemberus-gaap:PendingLitigationMember2018-04-30gm:jurisdiction0001467858gm:GrantedMotiontoDismissMembergm:IgnitionSwitchRecallLitigationsLostPersonalTimeandCertainUnjustEnrichmentClaimsMember2018-09-012018-09-300001467858gm:IgnitionSwitchRecallLitigationsLostPersonalTimeandCertainUnjustEnrichmentClaimsMember2018-09-012018-09-300001467858gm:IgnitionSwitchRecallLitigationsEconomicDamageMemberus-gaap:PendingLitigationMember2018-09-012018-09-30gm:recall0001467858gm:IgnitionSwitchRecallLitigationsEconomicDamageMembergm:ProposedSettlementMember2020-03-012020-09-300001467858gm:IgnitionSwitchRecallLitigationsEconomicDamageMembergm:ProposedSettlementMembersrt:ParentCompanyMember2020-03-012020-09-300001467858gm:IgnitionSwitchRecallLitigationsEconomicDamageMembergm:ProposedSettlementMembergm:MLCGUCTrustMember2020-03-012020-09-300001467858srt:MaximumMembergm:IgnitionSwitchRecallLitigationsEconomicDamageMembergm:ProposedSettlementMember2020-03-012020-09-300001467858gm:IgnitionSwitchRecallLitigationsContingentlyIssuableSharesMembergm:AmendedandRestatedMasterSaleandPurchaseAgreementMember2020-09-300001467858gm:ProposedSettlementMembergm:MLCGUCTrustMembergm:IgnitionSwitchRecallLitigationsContingentlyIssuableSharesMember2020-09-30gm:employee0001467858gm:KoreaWageLitigationHourlyMember2020-01-012020-09-300001467858gm:KoreaWageLitigationSalariedMember2020-09-300001467858gm:KoreaWageLitigationFormerSubcontractWorkersMember2020-09-30gm:case0001467858country:BRus-gaap:ForeignCountryMember2019-01-012019-12-310001467858country:BRgm:GMBrazilIndirectTaxClaimMember2019-07-012019-09-300001467858country:BRus-gaap:ForeignCountryMember2019-01-012019-09-300001467858gm:IndirectTaxMattersMember2020-09-300001467858gm:TakataDIRMember2020-09-300001467858srt:AffiliatedEntityMembergm:PSAGroupMember2020-07-012020-09-300001467858srt:AffiliatedEntityMembergm:PSAGroupMember2019-07-012019-09-300001467858srt:AffiliatedEntityMembergm:PSAGroupMember2020-01-012020-09-300001467858srt:AffiliatedEntityMembergm:PSAGroupMember2019-01-012019-09-300001467858gm:AccruedLiabilitiesCurrentandOtherLiabilitiesNoncurrentMember2020-09-300001467858gm:AccruedLiabilitiesCurrentandOtherLiabilitiesNoncurrentMember2019-12-310001467858gm:GMIMembergm:SupplierClaimsMembergm:AustraliaNewZealandandThailandMember2020-07-012020-09-300001467858gm:GMIMembergm:AustraliaNewZealandandThailandMember2020-01-012020-09-300001467858gm:GMIMembergm:AssetImpairmentsSalesAllowancesInventoryProvisionsAndOtherChargesMembergm:AustraliaNewZealandandThailandMember2020-01-012020-09-300001467858gm:DealerRestructuringAndEmployeeSeparationPaymentsMembergm:GMIMembergm:AustraliaNewZealandandThailandMember2020-01-012020-09-300001467858gm:AustraliaandNewZealandMembergm:GMIMember2020-01-012020-09-300001467858gm:GMIMembersrt:ScenarioForecastMembergm:AustraliaNewZealandandThailandMember2020-10-012020-12-310001467858gm:GMIMembercountry:THsrt:ScenarioForecastMember2020-10-012020-12-310001467858gm:GmnaMembergm:UnallocationofProductstoCertainManufacturingFacilitiesAndOtherEmployeeSeparationProgramsMember2019-07-012019-09-300001467858gm:GmnaMembergm:PensionCurtailmentAndOtherChargesMember2019-07-012019-09-300001467858gm:GmnaMembergm:SupplierRelatedChargesMember2019-07-012019-09-300001467858gm:GmnaMembergm:UnallocationofProductstoCertainManufacturingFacilitiesAndOtherEmployeeSeparationProgramsMember2019-01-012019-09-300001467858gm:GmnaMembergm:NonCashAcceleratedDepreciationPensionCurtailmentAndOtherChargesMember2019-01-012019-09-300001467858gm:GmnaMembergm:SupplierRelatedChargesMember2019-01-012019-09-300001467858gm:GmnaMembergm:UnallocationofProductstoCertainManufacturingFacilitiesAndOtherEmployeeSeparationProgramsMember2019-12-310001467858gm:GmnaMembergm:EmployeeSeveranceandStatutoryPensionPaymentsMember2020-01-012020-09-300001467858gm:GmnaMembergm:EmployeeSeveranceandStatutoryPensionPaymentsMember2019-01-012019-09-300001467858gm:GmnaMembergm:EmployeeSeveranceAndSupplierRelatedPaymentsMember2019-01-012020-09-300001467858gm:GmnaMembergm:UnallocationofProductstoCertainManufacturingFacilitiesAndOtherEmployeeSeparationProgramsMembersrt:ScenarioForecastMember2020-10-012020-12-310001467858us-gaap:SeriesCPreferredStockMember2020-09-012020-09-300001467858us-gaap:SeriesCPreferredStockMember2020-09-300001467858gm:GMCruiseHoldingsLLCMemberus-gaap:SeriesFPreferredStockMember2019-05-012019-05-310001467858us-gaap:AccumulatedTranslationAdjustmentMember2020-06-300001467858us-gaap:AccumulatedTranslationAdjustmentMember2019-06-300001467858us-gaap:AccumulatedTranslationAdjustmentMember2019-12-310001467858us-gaap:AccumulatedTranslationAdjustmentMember2018-12-310001467858us-gaap:AccumulatedTranslationAdjustmentMember2020-07-012020-09-300001467858us-gaap:AccumulatedTranslationAdjustmentMember2019-07-012019-09-300001467858us-gaap:AccumulatedTranslationAdjustmentMember2020-01-012020-09-300001467858us-gaap:AccumulatedTranslationAdjustmentMember2019-01-012019-09-300001467858us-gaap:AccumulatedTranslationAdjustmentMember2020-09-300001467858us-gaap:AccumulatedTranslationAdjustmentMember2019-09-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-06-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-06-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-310001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-07-012020-09-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-07-012019-09-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-09-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-01-012019-09-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-09-300001467858us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMember2020-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMember2020-09-300001467858gm:AutomotiveMemberus-gaap:CorporateNonSegmentMember2020-09-300001467858gm:AutomotiveMemberus-gaap:IntersegmentEliminationMember2020-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMember2020-09-300001467858us-gaap:OperatingSegmentsMembergm:CruiseMember2020-09-300001467858us-gaap:OperatingSegmentsMembergm:GMFinancialSegmentMember2020-09-300001467858us-gaap:IntersegmentEliminationMember2020-09-300001467858gm:AutomotiveMemberus-gaap:IntersegmentEliminationMember2020-07-012020-09-300001467858gm:GmnaMembergm:AutomotiveMemberus-gaap:OperatingSegmentsMember2019-09-300001467858gm:AutomotiveMembergm:GMIMemberus-gaap:OperatingSegmentsMember2019-09-300001467858gm:AutomotiveMemberus-gaap:CorporateNonSegmentMember2019-09-300001467858gm:AutomotiveMemberus-gaap:IntersegmentEliminationMember2019-09-300001467858gm:AutomotiveMemberus-gaap:OperatingSegmentsMember2019-09-300001467858us-gaap:OperatingSegmentsMembergm:CruiseMember2019-09-300001467858us-gaap:OperatingSegmentsMembergm:GMFinancialSegmentMember2019-09-300001467858us-gaap:IntersegmentEliminationMember2019-09-300001467858gm:AutomotiveMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300001467858gm:GmnaMembergm:TransformationActivitiesMember2019-07-012019-09-300001467858country:BRgm:GMIMembergm:GMBrazilIndirectTaxClaimMember2019-07-012019-09-300001467858gm:AutomotiveMemberus-gaap:IntersegmentEliminationMember2020-01-012020-09-300001467858gm:AutomotiveMemberus-gaap:IntersegmentEliminationMember2019-01-012019-09-300001467858gm:GmnaMembergm:TransformationActivitiesMember2019-01-012019-09-300001467858country:BRgm:GMIMembergm:GMBrazilIndirectTaxClaimMember2019-01-012019-09-30

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the quarterly period ended September 30, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from              to

Commission file number 001-34960

gm-20200930_g1.jpg
GENERAL MOTORS COMPANY
(Exact name of registrant as specified in its charter)
Delaware27-0756180
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
300 Renaissance Center,Detroit,Michigan48265-3000
(Address of principal executive offices)(Zip Code)
(313) 667-1500
(Registrant’s telephone number, including area code)
Not applicable
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueGMNew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes    No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes    No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer    Accelerated filer   Non-accelerated filer    Smaller reporting company  Emerging growth company   
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes    No  
As of October 19, 2020 there were 1,431,307,600 shares of common stock outstanding.



INDEX
  Page
PART I
Item 1.Condensed Consolidated Financial Statements
Condensed Consolidated Income Statements (Unaudited)
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Equity (Unaudited)
Notes to Condensed Consolidated Financial Statements
Note 1.Nature of Operations and Basis of Presentation
Note 2.Significant Accounting Policies
Note 3.Revenue
Note 4.Marketable and Other Securities
Note 5.GM Financial Receivables and Transactions
Note 6.Inventories
Note 7.Equipment on Operating Leases
Note 8.Equity in Net Assets of Nonconsolidated Affiliates
Note 9.Goodwill
Note 10.Variable Interest Entities
Note 11.Debt
Note 12.Derivative Financial Instruments
Note 13.Accrued and Other Liabilities
Note 14.Pensions and Other Postretirement Benefits
Note 15.Commitments and Contingencies
Note 16.Income Taxes
Note 17.Restructuring and Other Initiatives
Note 18.Stockholders' Equity and Noncontrolling Interests
Note 19.Earnings Per Share
Note 20.Segment Reporting
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations
Item 3.Quantitative and Qualitative Disclosures About Market Risk
Item 4.Controls and Procedures
PART II
Item 1.Legal Proceedings
Item 1A.Risk Factors
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds
Item 6.Exhibits
Signature



Table of Contents
GENERAL MOTORS COMPANY AND SUBSIDIARIES


PART I
Item 1. Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED INCOME STATEMENTS
(In millions, except per share amounts) (Unaudited)
 Three Months EndedNine Months Ended
 September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Net sales and revenue
Automotive$32,067 $31,817 $74,580 $95,503 
GM Financial3,413 3,656 10,387 10,908 
Total net sales and revenue (Note 3)35,480 35,473 84,967 106,411 
Costs and expenses
Automotive and other cost of sales 27,169 28,174 67,339 84,730 
GM Financial interest, operating and other expenses2,259 2,987 8,853 9,437 
Automotive and other selling, general and administrative expense1,628 2,008 4,908 6,209 
Total costs and expenses31,056 33,169 81,100 100,376 
Operating income4,424 2,304 3,867 6,035 
Automotive interest expense327 206 823 582 
Interest income and other non-operating income, net499 169 1,223 1,338 
Equity income (Note 8)309 315 389 1,000 
Income before income taxes4,905 2,582 4,656 7,791 
Income tax expense (Note 16)887 271 1,132 932 
Net income4,018 2,311 3,524 6,859 
Net loss attributable to noncontrolling interests27 40 57 67 
Net income attributable to stockholders$4,045 $2,351 $3,581 $6,926 
Net income attributable to common stockholders$4,005 $2,313 $3,446 $6,813 
Earnings per share (Note 19)
Basic earnings per common share$2.80 $1.62 $2.41 $4.79 
Weighted-average common shares outstanding – basic1,432 1,428 1,432 1,422 
Diluted earnings per common share$2.78 $1.60 $2.40 $4.74 
Weighted-average common shares outstanding – diluted1,439 1,442 1,439 1,439 
Dividends declared per common share$ $0.38 $0.38 $1.14 

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions) (Unaudited)
 Three Months EndedNine Months Ended
 September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Net income$4,018 $2,311 $3,524 $6,859 
Other comprehensive income (loss), net of tax (Note 18)
Foreign currency translation adjustments and other67 (357)(964)(140)
Defined benefit plans(115)120 163 162 
Other comprehensive income (loss), net of tax(48)(237)(801)22 
Comprehensive income3,970 2,074 2,723 6,881 
Comprehensive loss attributable to noncontrolling interests 21 50 59 87 
Comprehensive income attributable to stockholders$3,991 $2,124 $2,782 $6,968 

Reference should be made to the notes to condensed consolidated financial statements.
1


Table of Contents
GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts) (Unaudited)
September 30, 2020December 31, 2019
ASSETS
Current Assets
Cash and cash equivalents$26,939 $19,069 
Marketable debt securities (Note 4)9,962 4,174 
Accounts and notes receivable, net9,939 6,797 
GM Financial receivables, net (Note 5; Note 10 at VIEs)24,562 26,601 
Inventories (Note 6)10,934 10,398 
Other current assets (Note 4; Note 10 at VIEs)6,841 7,953 
Total current assets89,177 74,992 
Non-current Assets
GM Financial receivables, net (Note 5; Note 10 at VIEs)30,191 26,355 
Equity in net assets of nonconsolidated affiliates (Note 8)8,046 8,562 
Property, net36,989 38,750 
Goodwill and intangible assets, net5,245 5,337 
Equipment on operating leases, net (Note 7; Note 10 at VIEs)39,358 42,055 
Deferred income taxes23,970 24,640 
Other assets (Note 4; Note 10 at VIEs)6,695 7,346 
Total non-current assets150,494 153,045 
Total Assets$239,671 $228,037 
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable (principally trade)$20,914 $21,018 
Short-term debt and current portion of long-term debt (Note 11)
   Automotive2,271 1,897 
GM Financial (Note 10 at VIEs)33,502 35,503 
Accrued liabilities (Note 13)23,916 26,487 
Total current liabilities80,603 84,905 
Non-current Liabilities
Long-term debt (Note 11)
   Automotive26,473 12,489 
GM Financial (Note 10 at VIEs)55,320 53,435 
Postretirement benefits other than pensions (Note 14)5,746 5,935 
Pensions (Note 14)11,097 12,170 
Other liabilities (Note 13)12,424 13,146 
Total non-current liabilities111,060 97,175 
Total Liabilities191,663 182,080 
Commitments and contingencies (Note 15)
Equity (Note 18)
Common stock, $0.01 par value
14 14 
Additional paid-in capital26,148 26,074 
Retained earnings29,134 26,860 
Accumulated other comprehensive loss(11,955)(11,156)
Total stockholders’ equity43,341 41,792 
Noncontrolling interests4,667 4,165 
Total Equity48,008 45,957 
Total Liabilities and Equity$239,671 $228,037 

Reference should be made to the notes to condensed consolidated financial statements.
2


Table of Contents
GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions) (Unaudited)
Nine Months Ended
September 30, 2020September 30, 2019
Cash flows from operating activities
Net income$3,524 $6,859 
Depreciation and impairment of Equipment on operating leases, net5,518 5,573 
Depreciation, amortization and impairment charges on Property, net4,217 5,259 
Foreign currency remeasurement and transaction (gains) losses50 (170)
Undistributed earnings of nonconsolidated affiliates, net137 243 
Pension contributions and OPEB payments(610)(789)
Pension and OPEB income, net(754)(351)
Provision for deferred taxes700 234 
Change in other operating assets and liabilities(2,805)(5,310)
Net cash provided by operating activities9,977 11,548 
Cash flows from investing activities
Expenditures for property(3,328)(4,852)
Available-for-sale marketable securities, acquisitions(12,190)(3,130)
Available-for-sale marketable securities, liquidations7,018 2,587 
Purchases of finance receivables, net(22,294)(19,027)
Principal collections and recoveries on finance receivables14,622 17,088 
Purchases of leased vehicles, net(10,468)(12,488)
Proceeds from termination of leased vehicles9,937 9,983 
Other investing activities(116)148 
Net cash used in investing activities(16,819)(9,691)
Cash flows from financing activities
Net increase in short-term debt580 756 
Proceeds from issuance of debt (original maturities greater than three months)64,931 27,835 
Payments on debt (original maturities greater than three months)(50,659)(29,432)
Proceeds from issuance of subsidiary preferred stock (Note 18)492 463 
Dividends paid(653)(1,792)
Other financing activities(532)(175)
Net cash provided by (used in) financing activities14,159 (2,345)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(404)(109)
Net increase (decrease) in cash, cash equivalents and restricted cash6,913 (597)
Cash, cash equivalents and restricted cash at beginning of period22,943 23,496 
Cash, cash equivalents and restricted cash at end of period$29,856 $22,899 
Significant Non-cash Investing and Financing Activity
Non-cash property additions$2,448 $3,435 

Reference should be made to the notes to condensed consolidated financial statements.
3


Table of Contents
GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(In millions) (Unaudited)
Common Stockholders’Noncontrolling InterestsTotal Equity
Common StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Loss
Balance at January 1, 2019$14 $25,563 $22,322 $(9,039)$3,917 $42,777 
Net income— — 2,157 — (12)2,145 
Other comprehensive income— — — 190 (5)185 
Stock based compensation— 95 (6)— — 89 
Cash dividends paid on common stock— — (539)— — (539)
Dividends to noncontrolling interests— — — — (18)(18)
Other— 3 5 — (9)(1)
Balance at March 31, 201914 25,661 23,939 (8,849)3,873 44,638 
Net income— — 2,418 — (15)2,403 
Other comprehensive income— — — 79 (5)74 
Issuance of subsidiary preferred stock (Note 18)— — — — 408 408 
Stock based compensation— 78 (9)— — 69 
Cash dividends paid on common stock— — (540)— — (540)
Dividends to noncontrolling interests— — — — (23)(23)
Other— 26 (1)— 35 60 
Balance at June 30, 201914 25,765 25,807 (8,770)4,273 47,089 
Net income— — 2,351 — (40)2,311 
Other comprehensive loss— — — (227)(10)(237)
Issuance of subsidiary preferred stock (Note 18)— — — — 49 49 
Stock based compensation— 90 (6)— — 84 
Cash dividends paid on common stock— — (543)— — (543)
Dividends to noncontrolling interests— — — — (62)(62)
Other— 73  — 7 80 
Balance at September 30, 2019$14 $25,928 $27,609 $(8,997)$4,217 $48,771 
Balance at January 1, 2020$14 $26,074 $26,860 $(11,156)$4,165 $45,957 
Adoption of accounting standards (Note 1)— — (660)— — (660)
Net income— — 294 — (8)286 
Other comprehensive loss— — — (644)(12)(656)
Issuance of subsidiary preferred stock— — — — 26 26 
Purchase of common stock— (57)(33)— — (90)
Stock based compensation— (3)(7)— — (10)
Cash dividends paid on common stock— — (545)— — (545)
Dividends to noncontrolling interests— — — — (4)(4)
Other—  (24)— 37 13 
Balance at March 31, 202014 26,014 25,885 (11,800)4,204 44,317 
Net loss— — (758)— (22)(780)
Other comprehensive loss— — — (101)4 (97)
Issuance of subsidiary preferred stock— — — — 26 26 
Stock based compensation— 73  — — 73 
Dividends to noncontrolling interests— — — — (39)(39)
Other—  (23)— 16 (7)
Balance at June 30, 202014 26,087 25,104 (11,901)4,189 43,493 
Net income— — 4,045 — (27)4,018 
Other comprehensive loss— — — (54)6 (48)
Issuance of subsidiary preferred stock (Note 18)— — — — 492 492 
Stock based compensation— 61  — — 61 
Other—  (15)— 7 (8)
Balance at September 30, 2020$14 $26,148 $29,134 $(11,955)$4,667 $48,008 

Reference should be made to the notes to condensed consolidated financial statements.
4


Table of Contents
GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
Note 1. Nature of Operations and Basis of Presentation
General Motors Company (sometimes referred to in this Quarterly Report on Form 10-Q as we, our, us, ourselves, the Company, General Motors or GM) designs, builds and sells trucks, crossovers, cars and automobile parts worldwide and is investing in and growing an autonomous vehicle business. We also provide automotive financing services through General Motors Financial Company, Inc. (GM Financial). We analyze the results of our operations through the following operating segments: GM North America (GMNA), GM International Operations (GMIO), GM South America (GMSA), Cruise, and GM Financial. Our GMSA and GMIO operating segments are reported as one, combined international segment, GM International (GMI). Cruise is our global segment responsible for the development and commercialization of autonomous vehicle technology. Nonsegment operations are classified as Corporate. Corporate includes certain centrally recorded income and costs such as interest, income taxes, corporate expenditures and certain nonsegment-specific revenues and expenses.

The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. GAAP pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) for interim financial information. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. The accompanying condensed consolidated financial statements include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations, financial position and cash flows. The operating results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our 2019 Form 10-K. Except for per share amounts or as otherwise specified, dollar amounts presented within tables are stated in millions.

Principles of Consolidation We consolidate entities that we control due to ownership of a majority voting interest and we consolidate variable interest entities (VIEs) when we are the primary beneficiary. Our share of earnings or losses of nonconsolidated affiliates is included in our consolidated operating results using the equity method of accounting when we are able to exercise significant influence over the operating and financial decisions of the affiliate.

Recently Adopted Accounting Standards Effective January 1, 2020, we adopted Accounting Standards Update (ASU) 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" (ASU 2016-13), which requires entities to use a new impairment model based on current expected credit losses (CECL) rather than incurred losses. Estimated credit losses under CECL consider relevant information about past events, current conditions and reasonable and supportable forecasts that affect the collectability of financial assets, resulting in recognition of lifetime expected credit losses at initial recognition of the related asset. We adopted ASU 2016-13 on a modified retrospective basis by recognizing an after-tax cumulative-effect adjustment to the opening balance of Retained earnings of $660 million, inclusive of $643 million related to GM Financial. The application of ASU 2016-13 increased our allowance for loan losses related to GM Financial receivables, net by $801 million and had an insignificant impact to our allowance for credit losses for Accounts and notes receivable and no adoption impact to Marketable debt securities on our condensed consolidated balance sheets.

In March 2020, the Financial Accounting Standards Board issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (ASU 2020-04), which provides optional expedients and exceptions for applying U.S. GAAP if certain criteria are met to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued. We do not believe the discontinuance of LIBOR will be a significant event for our Automotive arrangements. A substantial portion of GM Financial’s indebtedness bears interest at variable interest rates, primarily based on USD-LIBOR. Effective July 1, 2020, we adopted ASU 2020-04 on a prospective basis. The adoption of, and future elections under, ASU 2020-04 are not expected to have a material impact on our condensed consolidated financial statements as the standard will ease, if warranted, the requirements for accounting for the future effects of the rate reform. We continue to monitor the impact the discontinuance of LIBOR or another reference rate will have on GM Financial's contracts, hedging relationships and other transactions.

Note 2. Significant Accounting Policies
The information presented on Marketable Debt Securities, Accounts and Notes Receivable and GM Financial Receivables supplements the Significant Accounting Policies information presented in our 2019 Form 10-K to reflect the adoption of ASU 2016-13 that became effective January 1, 2020. See our 2019 Form 10-K for a description of our significant accounting policies in effect prior to the adoption of ASU 2016-13.
5


Table of Contents
GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS —— (Continued)
Marketable Debt Securities We classify marketable debt securities as either available-for-sale or trading. Various factors, including turnover of holdings and investment guidelines, are considered in determining the classification of securities. Available-for-sale debt securities are recorded at fair value with unrealized gains, and losses that are not credit related, recorded net of applicable taxes in Accumulated other comprehensive loss until realized. Credit losses are recorded in Interest income and other non-operating income, net.
An evaluation is made quarterly to determine if any portion of unrealized losses on available-for-sale debt securities is related to credit losses or whether any unrealized losses recorded in Accumulated other comprehensive loss need to be reclassified. Non-credit related unrealized losses are reclassified to Interest income and other non-operating income, net if we intend to sell the security or it is more likely than not that we will be required to sell the security before the recovery of the unrealized loss.
Accounts and Notes Receivable Accounts and notes receivable primarily consists of amounts that are due and payable from our customers for the sale of vehicles, parts, and accessories. We evaluate the collectability of receivables each reporting period and record an allowance for doubtful accounts to present the net amount expected to be collected on our receivables. Additions to the allowance are charged to bad debt expense and reported in Automotive and other selling, general and administrative expense.
GM Financial Receivables Finance receivables are carried at amortized cost, net of allowance for loan losses. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses on the finance receivables. For retail finance receivables, GM Financial uses static pool modeling techniques to determine the allowance for loan losses expected over the remaining life of the receivables, which is supplemented by management judgment. The modeling techniques incorporate reasonable and supportable forecasts of economic conditions over the expected remaining life of the finance receivables. The economic forecasts incorporate factors which vary by region that GM Financial believes will have the largest impact on expected losses, including unemployment rates, interest rate spreads, disposable personal income and growth rates in gross domestic product.
Troubled debt restructurings (TDRs) are grouped separately for purposes of measuring the allowance. The allowance for TDRs uses static pool modeling techniques like non-TDR retail finance receivables to determine the expected loss amount. The expected cash flows of the receivables are then discounted at the original weighted average effective interest rate of the pool. Factors considered when estimating the allowance for TDRs are based on an evaluation of historical and current information, which may be supplemented by management judgment. Finance charge income from loans classified as TDRs is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not classified as TDRs.
Commercial finance receivables are carried at amortized cost, net of allowance for loan losses and any amounts held under a cash management program. GM Financial establishes the allowance for loan losses based on historical loss experience, as well as the forecast for industry vehicle sales, which is the economic indicator believed to have the largest impact on expected losses.

Note 3. Revenue

The following table disaggregates our revenue by major source:
Three Months Ended September 30, 2020
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$28,143 $2,513 $ $30,656 $— $— $ $30,656 
Used vehicles185 23 6 214 — —  214 
Services and other800 199 197 1,196 26 — (25)1,197 
Automotive net sales and revenue29,128 2,735 203 32,066 26 — (25)32,067 
Leased vehicle income— — — — — 2,354  2,354 
Finance charge income— — — — — 999  999 
Other income— — — — — 68 (8)60 
GM Financial net sales and revenue— — — — — 3,421 (8)3,413 
Net sales and revenue$29,128 $2,735 $203 $32,066 $26 $3,421 $(33)$35,480 
6


Table of Contents
GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS —— (Continued)
Three Months Ended September 30, 2019
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ ReclassificationsTotal
Vehicle, parts and accessories$26,825 $3,519 $ $30,344 $— $— $ $30,344 
Used vehicles345 31  376 — —  376 
Services and other801 244 52 1,097 25 — (25)1,097 
Automotive net sales and revenue27,971 3,794 52 31,817 25 — (25)31,817 
Leased vehicle income— — — — — 2,515  2,515 
Finance charge income— — — — — 1,043 (