Other Liabilities and Deferred Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Other Liabilities [Abstract]

Schedule of Accrued Liabilities and Deferred Revenue [Table Text Block]

Other liabilities and deferred revenue were as follows (in millions):

	December 31, 2021		June 30, 2022
Current
Dealer and dealers’ customer allowances and claims	$	8,300	$	8,033
Deferred revenue	2,349		2,375
Employee benefit plans	1,687		1,418
Accrued interest	888		773
OPEB (a)	332		331
Pension (a)	202		199
Operating lease liabilities	345		352
Other (b)	4,583		5,414
Total current other liabilities and deferred revenue	$	18,686	$	18,895
Non-current
Pension (a)	$	8,658	$	7,910
OPEB (a)	5,708		5,590
Dealer and dealers’ customer allowances and claims	4,909		5,170
Deferred revenue	4,683		4,943
Operating lease liabilities	1,048		1,055
Employee benefit plans	1,007		982
Other (b)	1,692		2,571
Total non-current other liabilities and deferred revenue	$	27,705	$	28,221

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(a)Balances at June 30, 2022 reflect pension and OPEB liabilities at December 31, 2021, updated (where applicable) for service and interest cost, expected return on assets, separation expense, actual benefit payments, and cash contributions. The discount rate and rate of expected return assumptions are unchanged from year-end 2021. Included in Other assets are pension assets of $8.5 billion and $8.9 billion at December 31, 2021 and June 30, 2022, respectively.

(b)Includes current derivative liabilities of $97 million and $705 million at December 31, 2021 and June 30, 2022, respectively. Includes non-current derivative liabilities of $535 million and $1.5 billion at December 31, 2021 and June 30, 2022, respectively (see Note 15).