Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Common and Preferred Stock

	June 30, 2024	December 31, 2023
Common Stock
Number of shares authorized	10,000,000	10,000,000
Number of shares issued and outstanding	5,050,000	5,050,000

During both the six months ended June 30, 2024 and 2023, our Board of Directors declared and paid dividends of $900 million on our common stock to General Motors Holdings LLC.

	June 30, 2024	December 31, 2023
Preferred Stock
Number of shares authorized	250,000,000	250,000,000
Number of shares issued and outstanding(a)
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock)	1,000,000	1,000,000
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B (Series B Preferred Stock)	500,000	500,000
Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series C (Series C Preferred Stock)	500,000	500,000

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(a)Issued at a liquidation preference of $1,000 per share.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the significant components of accumulated other comprehensive income (loss):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Unrealized gain (loss) on hedges
Beginning balance	$	23	$	(73)	$	(3)	$	(21)
Change in value of hedges, net of tax	(9)		11		17		(42)
Ending balance	14		(63)		14		(63)
Defined benefit plans
Beginning balance	1		1		1		1
Unrealized gain (loss) on subsidiary pension	—		—		—		—
Ending balance	1		1		1		1
Foreign currency translation adjustment
Beginning balance	(1,270)		(1,251)		(1,206)		(1,351)
Translation gain (loss)	(159)		—		(224)		102
Ending balance	(1,429)		(1,250)		(1,429)		(1,250)
Total accumulated other comprehensive income (loss)	$	(1,414)	$	(1,312)	$	(1,414)	$	(1,312)