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GM Financial Receivables, net [Text Block]

GM Financial Receivables, net

The following table summarizes the components of consumer and commercial finance receivables, net (dollars in millions):



	December 31, 2014									December 31, 2013
	Consumer			Commercial			Total			Consumer			Commercial			Total
Pre-acquisition finance receivables, outstanding amount	$	508		$	—		$	508		$	1,294		$	—		$	1,294
Pre-acquisition finance receivables, carrying amount	$	459		$	—		$	459		$	1,174		$	—		$	1,174
Post-acquisition finance receivables, net of fees	25,164			7,606			32,770			21,956			6,050			28,006
Finance receivables	25,623			7,606			33,229			23,130			6,050			29,180
Less: allowance for loan losses	(655		)	(40		)	(695		)	(497		)	(51		)	(548		)
GM Financial receivables, net	$	24,968		$	7,566		$	32,534		$	22,633		$	5,999		$	28,632

Fair value of GM Financial receivables, net							$	33,106								$	28,668

Allowance for loan losses classified as current at December 31, 2014 and 2013 were $529 million and $427 million.

GM Financial determines the fair value of consumer finance receivables using observable and unobservable inputs within a cash flow model. The inputs reflect assumptions regarding expected prepayments, deferrals, delinquencies, recoveries and charge-offs of the loans within the portfolio. The cash flow model produces an estimated amortization schedule of the finance receivables which is the basis for the calculation of the series of cash flows that derive the fair value of the portfolio. The series of cash flows are calculated and discounted using a weighted-average cost of capital (WACC) or current interest rates. The WACC uses unobservable debt and equity percentages, an unobservable cost of equity and an observable cost of debt based on companies with a similar credit rating and maturity profile as the portfolio. Macroeconomic factors could affect the credit performance of the portfolio and therefore could potentially affect the assumptions used in GM Financial's cash flow model. A substantial majority of commercial finance receivables have variable interest rates and maturities of one year or less. Therefore, the carrying amount is considered to be a reasonable estimate of fair value.

The following table summarizes activity for the allowance for loan losses on consumer and commercial finance receivables (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Balance at beginning of period	$	548		$	351		$	179
Provision for loan losses	604			475			304
Charge-offs	(914		)	(643		)	(304		)
Recoveries	470			362			172
Effect of foreign currency	(13		)	3			—
Balance at end of period	$	695		$	548		$	351

The balances and activity of the allowance for commercial loan losses were insignificant at and for the years ended December 31, 2014, 2013 and 2012.

Credit Quality

Consumer Finance Receivables

GM Financial uses proprietary scoring systems that measure the credit quality of the receivables using several factors, such as credit bureau information, consumer credit risk scores (e.g. FICO scores) and contract characteristics. In addition to GM Financial's proprietary scoring systems GM Financial considers other individual consumer factors such as employment history, financial stability and capacity to pay. Subsequent to origination GM Financial reviews the credit quality of retail receivables based on customer payment activity. At the time of loan origination substantially all of GM Financial's international consumers have prime credit scores. At the time of loan origination many consumers in North America had sub-prime credit scores, which are defined as FICO scores of less than 620. At December 31, 2014 and 2013, 83% and 88% of the consumer finance receivables in North America were from consumers with FICO scores of less than 620.

GM Financial purchases consumer finance contracts from automobile dealers without recourse, and accordingly, the dealer has no liability to GM Financial if the consumer defaults on the contract. Finance receivables are collateralized by vehicle titles and GM Financial has the right to repossess the vehicle in the event the consumer defaults on the payment terms of the contract.

An account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. At December 31, 2014 and 2013 the accrual of finance charge income has been suspended on delinquent consumer finance receivables with contractual amounts due of $682 million and $642 million. The following table summarizes the contractual amount of delinquent contracts, which is not significantly different than the recorded investment of the consumer finance receivables (dollars in millions):



	December 31, 2014				December 31, 2013
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31-to-60 days delinquent	$	1,083	4.2	%	$	952	4.1	%
Greater-than-60 days delinquent	432		1.7	%	408		1.7	%
Total finance receivables more than 30 days delinquent	1,515		5.9	%	1,360		5.8	%
In repossession	40		0.2	%	41		0.2	%
Total finance receivables more than 30 days delinquent or in repossession	$	1,555	6.1	%	$	1,401	6.0	%

Impaired Finance Receivables - TDRs

The following table summarizes the outstanding recorded investment for consumer finance receivables that are considered to be TDRs and the related allowance (dollars in millions):



	December 31, 2014			December 31, 2013
Outstanding recorded investment	$	1,234		$	767
Less: allowance for loan losses	(172		)	(103		)
Outstanding recorded investment, net of allowance	$	1,062		$	664

Unpaid principal balance	$	1,255		$	779

Commercial Finance Receivables

GM Financial's commercial finance receivables consist of dealer financings, primarily for inventory purchases. A proprietary model is used to assign a risk rating to each dealer. A credit review of each dealer is performed at least annually and, if necessary, the dealer's risk rating is adjusted on the basis of the review. At December 31, 2014 and 2013 the commercial finance receivables on non-accrual status were insignificant. The following table summarizes the credit risk profile by dealer grouping of the commercial finance receivables (dollars in millions):



	December 31, 2014		December 31, 2013
Group I - Dealers with superior financial metrics	$	1,050	$	549
Group II - Dealers with strong financial metrics	2,022		1,460
Group III - Dealers with fair financial metrics	2,599		1,982
Group IV - Dealers with weak financial metrics	1,173		1,462
Group V - Dealers warranting special mention due to potential weaknesses	524		385
Group VI - Dealers with loans classified as substandard, doubtful or impaired	238		212
	$	7,606	$	6,050

The credit lines for Group VI dealers are typically suspended and no further funding is extended to these dealers.

Inventories

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Inventories [Text Block]

Inventories

The following table summarizes the components of Inventories (dollars in millions):



	December 31, 2014		December 31, 2013
Productive material, supplies and work in process	$	5,380	$	5,872
Finished product, including service parts	8,262		8,167
Total inventories	$	13,642	$	14,039

Equipment on Operating Leases, net

12 Months Ended

Dec. 31, 2014

Vehicles [Member]

Property Subject to or Available for Operating Lease [Line Items]

Equipment on Operating Leases, net [Text Block]

Equipment on Operating Leases, net

Automotive

Equipment on operating leases, net is composed of vehicle sales to daily rental car companies with a guaranteed repurchase obligation. The following tables summarize information related to Equipment on operating leases, net (dollars in millions):



	December 31, 2014			December 31, 2013
Equipment on operating leases	$	3,822		$	2,605
Less: accumulated depreciation	(258		)	(207		)
Equipment on operating leases, net	$	3,564		$	2,398



	Years Ended December 31,
	2014		2013		2012
Depreciation expense	$	507	$	218	$	227
Impairment charges	$	155	$	168	$	181

Automotive Financing - GM Financial

GM Financial originates leases in the U.S. and Canada that are recorded as operating leases. A Canadian subsidiary of GM Financial originates and sells leases to a third-party with servicing retained. The following table summarizes GM Financial equipment on operating leases, net (dollars in millions):



	December 31, 2014			December 31, 2013
GM Financial equipment on operating leases	$	8,268		$	4,025
Less: accumulated depreciation	(1,208		)	(642		)
GM Financial equipment on operating leases, net	$	7,060		$	3,383

Depreciation expense related to GM Financial equipment on operating leases, net was $868 million, $450 million and $205 million in the years ended December 31, 2014, 2013 and 2012.

The following table summarizes minimum rental payments due to GM Financial as lessor under operating leases (dollars in millions):



	2015		2016		2017		2018		2019
Minimum rental receipts under operating leases	$	1,241	$	1,019	$	597	$	98	$	5

Equity In Net Assets Of Nonconsolidated Affiliates

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity in Net Assets of Nonconsolidated Affiliates [Text Block]

Equity in Net Assets of Nonconsolidated Affiliates

Nonconsolidated affiliates are entities in which an equity ownership interest is maintained and for which the equity method of accounting is used due to the ability to exert significant influence over decisions relating to their operating and financial affairs.

Sales and income of our China JVs are not consolidated into our financial statements; rather, our proportionate share of the earnings of each joint venture is reflected as Equity income. The following table summarizes information regarding Equity income (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
China JVs	$	2,066	$	1,763	$	1,521
Others	28		47		41
Total equity income	$	2,094	$	1,810	$	1,562

We received dividends from nonconsolidated affiliates of $1.8 billion, $1.7 billion and $1.4 billion in the years ended December 31, 2014, 2013 and 2012. At December 31, 2014 and 2013 we had undistributed earnings including dividends declared but not received of $2.0 billion and $1.8 billion related to our nonconsolidated affiliates.

Investment in China JVs

The following table summarizes our direct ownership interests in China JVs:



	December 31, 2014		December 31, 2013
Shanghai General Motors Co., Ltd. (SGM)	50	%	50	%
Shanghai GM Norsom Motor Co., Ltd. (SGM Norsom)	25	%	25	%
Shanghai GM Dong Yue Motors Co., Ltd. (SGM DY)	25	%	25	%
Shanghai GM Dong Yue Powertrain (SGM DYPT)	25	%	25	%
SAIC-GM-Wuling Automobile Co., Ltd.	44	%	44	%
FAW-GM Light Duty Commercial Vehicle Co., Ltd.	50	%	50	%
Pan Asia Technical Automotive Center Co., Ltd.	50	%	50	%
Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar)	40	%	40	%
Shanghai Chengxin Used Car Operation and Management Co., Ltd. (Shanghai Chengxin Used Car)	33	%	33	%
SAIC General Motors Sales Co., Ltd. (SGMS)	49	%	49	%

SGM is a joint venture established by Shanghai Automotive Industry Corporation (SAIC) (50%) and us (50%). SGM has interests in three other joint ventures in China: SGM Norsom, SGM DY and SGM DYPT. These three joint ventures are jointly held by SGM (50%), SAIC (25%) and us (25%). These four joint ventures are engaged in the production, import and sale of a comprehensive range of products under the Buick, Chevrolet and Cadillac brands. SGM also has interests in Shanghai OnStar (20%) and Shanghai Chengxin Used Car (33%). SGM also has a 20% equity interest in SAIC-GMAC, a joint venture established by General Motors Acceptance Corporation (now Ally Financial) (40%) and SAICFC (40%). As a result of GM Financial's transactions on January 2, 2015 GM Financial now owns 35% of SAIC-GMAC and SAICFC owns 45%.

SGMS is a joint venture established in November 2011 by SAIC (51%) and us (49%) to engage in the sales of the imported Buick, Chevrolet and Cadillac brands and the sales of automobiles manufactured by SGM.

Investment in and Summarized Financial Data of Nonconsolidated Affiliates

The following table summarizes the carrying amount of investments in nonconsolidated affiliates (dollars in millions):



	December 31, 2014		December 31, 2013
China JVs	$	8,140	$	7,851
Other investments	210		243
Total equity in net assets of nonconsolidated affiliates	$	8,350	$	8,094

At December 31, 2014 and 2013 the carrying amount of our investments in certain joint ventures exceeded our share of the underlying net assets by $3.9 billion and $3.8 billion primarily related to goodwill from the application of fresh-start reporting and purchase of additional interests in nonconsolidated affiliates.

The following tables present summarized financial data for nonconsolidated affiliates (dollars in millions):



	December 31, 2014						December 31, 2013
	China JVs		Others		Total		China JVs		Others		Total
Summarized Balance Sheet Data
Current assets	$	15,442	$	2,636	$	18,078	$	14,666	$	2,234	$	16,900
Non-current assets	9,758		1,507		11,265		8,187		1,458		9,645
Total assets	$	25,200	$	4,143	$	29,343	$	22,853	$	3,692	$	26,545

Current liabilities	$	16,141	$	2,179	$	18,320	$	14,019	$	1,859	$	15,878
Non-current liabilities	931		495		1,426		1,065		511		1,576
Total liabilities	$	17,072	$	2,674	$	19,746	$	15,084	$	2,370	$	17,454

Non-controlling interests	$	1,043	$	3	$	1,046	$	1,040	$	—	$	1,040



	Years Ended December 31,
	2014		2013		2012
Summarized Operating Data
China JVs' net sales	$	43,853	$	38,767	$	33,364
Others' net sales	3,171		1,830		3,963
Total net sales	$	47,024	$	40,597	$	37,327

China JVs' net income	$	4,312	$	3,685	$	3,198
Others' net income (loss)	91		50		(23		)
Total net income	$	4,403	$	3,735	$	3,175

Transactions with Nonconsolidated Affiliates

Nonconsolidated affiliates are involved in various aspects of the development, production and marketing of cars, trucks and automobile parts. We purchase component parts and vehicles from certain nonconsolidated affiliates for resale to dealers. We also sell component parts and vehicles to certain nonconsolidated affiliates. The following tables summarize transactions with nonconsolidated affiliates (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Automotive sales and revenue	$	2,762	$	2,724	$	2,572
Automotive purchases, net	$	311	$	724	$	497
Interest income and other non-operating income, net	$	23	$	19	$	184
Operating cash flows	$	4,321	$	3,607	$	3,385



	December 31, 2014		December 31, 2013
Accounts and notes receivable, net	$	706	$	756
Accounts payable	$	205	$	183

Property, net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment, Net [Abstract]

Property, net [Text Block]

Property, net

The following table summarizes the components of Property, net (dollars in millions):



	Estimated Useful Lives in Years	December 31, 2014			December 31, 2013
Land		$	1,695		$	1,868
Buildings and improvements	5-40	5,236			4,971
Machinery and equipment	3-27	16,788			15,222
Construction in progress		4,114			2,644
Real estate, plants and equipment		27,833			24,705
Less: accumulated depreciation		(8,067		)	(6,787		)
Real estate, plants and equipment, net		19,766			17,918
Special tools, net	1-15	7,977			7,949
Total property, net		$	27,743		$	25,867

The amount of capitalized software included in Property, net was $817 million and $630 million in the years ended December 31, 2014 and 2013. The amount of interest capitalized and excluded from Automotive interest expense related to Property, net was $70 million, $81 million and $117 million in the years ended December 31, 2014, 2013 and 2012.

The following table summarizes depreciation, amortization and impairment charges related to Property, net (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Depreciation and amortization expense	$	4,187	$	3,959	$	3,888
Impairment charges(a)	709		901		3,793
Depreciation, amortization and impairment charges	$	4,896	$	4,860	$	7,681

Capitalized software amortization expense(b)	$	295	$	244	$	209

__________

(a)

Includes impairment charges of $321 million and $179 million at GMIO and GME whose assets were written down to fair values of $85 million and $11 million at December 31, 2014. Also includes other assets whose fair value was determined to be $0 in the years ended December 31, 2014, 2013 and 2012 measured utilizing Level 3 inputs. Fair value measurements of the non-GMIO and non-GME asset group long-lived assets utilized projected cash flows discounted at a rate commensurate with the perceived business risks related to the assets involved.


(b)	Included in total depreciation, impairment charges and amortization expense.

Impairment Charges

Year Ended December 31, 2013

GMIO

As a result of our strategic assessment of GM India in response to lower than expected sales performance of our current product offerings in India, higher raw material costs, unfavorable foreign exchange rates and recent deterioration in local market conditions we recorded impairment charges of $280 million to adjust the carrying amount of GM India’s real and personal property to fair value of $45 million. These charges were recorded in Automotive cost of sales. We also recorded intangible asset and goodwill impairment charges of $103 million, for total impairment charges of $383 million. The noncontrolling interest portion of these charges was $35 million based on our 90.8% ownership of GM India. Refer to Note 11 for additional information regarding the impairment of Intangible assets, net and Note 10 for additional information regarding the impairment of Goodwill.

As a result of our plans to cease manufacturing and significantly reduce engineering at our GM Holden Ltd. (Holden) subsidiary in Australia by the end of 2017 we recorded asset impairment charges of $477 million to adjust the carrying amounts of certain long-lived assets to fair value of $71 million. These charges were recorded in Automotive cost of sales. Refer to Note 19 for additional information on the actions taken at Holden.

Year Ended December 31, 2012

During the fourth quarter of 2012 our European industry outlook deteriorated and our forecast of 2013 cash flows declined notwithstanding our actions. As a result of our recoverability test of the GME asset group we recorded asset impairment charges of $3.7 billion to adjust the carrying amount of the GME real and personal property to fair value of $0.4 billion. These charges were recorded primarily in Automotive cost of sales. We also recorded intangible asset and other long-lived asset impairment charges of $1.8 billion, for total impairment charges of $5.5 billion. Refer to Note 11 for additional information regarding the impairment of Intangible assets, net.

Fair Value Measurements

To determine the estimated fair value of real and personal property, the cost approach, market approach and income approach were considered. Under the cost approach, the determination of fair value considered the estimates of the cost to construct or purchase a new asset of equal utility at current prices with adjustments in value for physical deterioration, functional obsolescence, and economic obsolescence. Under the market approach, the determination of fair value considered the market prices in transactions for similar assets and certain direct market values based on quoted prices from brokers and secondary market participants for similar assets. Under the income approach, the determination of fair value considered the estimate of the present worth of future benefits derived from ownership, usually measured through the capitalization of a specific level of income which can be derived from the subject asset with adjustments in value for demolition costs and for the effect of an estimated holding period. Under the income approach, it was assumed fair value could not exceed the present value of the net cash flows discounted at a rate commensurate with the level of risk inherent in the subject asset. An in-exchange premise was determined to be the highest and best use.

The following table summarizes the significant Level 3 inputs for real and personal property measurements:



	Valuation Technique(s)	Unobservable Input(s)	Range
GM India personal property	Market approach	Economic obsolescence(a)	72% - 100%
Holden real property	Income approach	Holding period(b)	0 - 3 years
		Discount rate(c)	11% - 12%
GME real property	Market approach	Demolition costs(d)	6% - 23%
	Cost approach	Holding period(b)	0 - 4 years
	Income approach	Discount rate(c)	11.2% - 14.5%
GME personal property	Market approach	Physical deterioration(e)	52% - 69%
	Cost approach	Functional obsolescence(f)	8% - 28%
		Economic obsolescence(a)	17% - 23%

__________


(a)	Represents estimated loss in asset value caused by factors external to the asset such as legislative enactments, changes in use, social change and change in supply and demand.


(b)	Represents estimated marketing period for each property which dictates the amount of property specific holding costs to be incurred such as real estate taxes.


(c)	Represents the discount rate for the specific property based on local market sources and available benchmarking data.


(d)	Represents estimated gross cost to demolish and clear the structures on the property as a percentage of replacement cost new.


(e)	Represents estimated loss in asset value due to wear and tear, action of the elements and other physical factors that reduce the life and serviceability of the asset.


(f)	Represents estimated loss in asset value caused by inefficiencies and inadequacies of the asset itself.

The personal property in our Holden asset group was determined to have a nominal fair value because of anticipated losses during the wind-down period and limited to no salvage value given the decline in the automotive manufacturing base in Australia.

The fair value estimates for GM India, Holden and GME real and personal property are based on a valuation premise that assumes the assets' highest and best use are different than their current use based on the forecasted financial results of the asset groups.

Goodwill

12 Months Ended

Dec. 31, 2014

Goodwill [Abstract]

Goodwill [Text Block]

Goodwill

The following table summarizes the changes in the carrying amounts of Goodwill (dollars in millions):



	Automotive			GM Financial		Total
Balance at January 1, 2013	$	695		$	1,278	$	1,973
Impairment charges	(541		)	—		(541		)
Goodwill from business combinations(a)	10			144		154
Effect of foreign currency and other	(26		)	—		(26		)
Balance at December 31, 2013	138			1,422		1,560
Impairment charges	(120		)	—		(120		)
Effect of foreign currency and other	(18		)	5		(13		)
Balance at December 31, 2014	$	—		$	1,427	$	1,427

Accumulated impairment charges at January 1, 2013	$	(29,897	)	$	—	$	(29,897	)
Accumulated impairment charges at December 31, 2013	$	(30,438	)	$	—	$	(30,438	)
Accumulated impairment charges at December 31, 2014	$	(30,558	)	$	—	$	(30,558	)

_________


(a)	Refer to Note 3 for additional information concerning the acquisitions.

The total automotive Goodwill balance at December 31, 2013 was recorded in GMSA. In addition to our annual goodwill impairment tests we performed event-driven goodwill impairment tests at various dates for certain of our reporting units in the years ended December 31, 2013 and 2012.

GMSA

Based on the results of our annual goodwill impairment tests we recorded total Goodwill impairment charges of $120 million in the year ended December 31, 2014. The impairment charges primarily resulted from lower forecasted profitability in Brazil resulting from recent deterioration in local market conditions and in Venezuela resulting from challenging local market conditions, including unfavorable foreign exchange rates and the recent downward trend in the price of oil. At December 31, 2014 the goodwill balance was $0 for all of the reporting units in GMSA.

GMNA

Subsequent to our 2012 annual goodwill impairment test, we reversed $36.2 billion of our deferred tax asset valuation allowances for our GMNA reporting unit. The reversal of the deferred tax asset valuation allowances resulted in the carrying amount of our GMNA reporting unit exceeding fair value. As a result we performed an event-driven goodwill impairment test in the three months ended December 31, 2012 and recorded a Goodwill impairment charge of $26.4 billion. Refer to Note 18 for additional information on the reversal of our deferred tax asset valuation allowances for our U.S. and Canadian operations.

GME

At the time of our 2012 annual impairment test our GME reporting unit had a negative carrying amount and because it was more likely than not further goodwill impairment existed due to further deterioration in the business outlook for GME and increases in the fair value of estimated employee benefit obligations, we recorded Goodwill impairment charges of $590 million in the year ended December 31, 2012.

GMIO

Based on the results of our annual and event-driven goodwill impairment tests we recorded total Goodwill impairment charges of $541 million and $156 million in the years ended December 31, 2013 and 2012. The impairment charges primarily related to our GM Korea Company (GM Korea) and Holden reporting units. We performed event-driven goodwill impairment tests for GM Korea in 2013 and 2012 as the fair value of GM Korea continued to be below its carrying amount due to ongoing economic weakness in certain markets to which GM Korea exports coupled with lower forecasted margins resulting from higher raw material costs and unfavorable foreign exchange rates. Furthermore in the three months ended December 31, 2013 we announced our plans to cease mainstream distribution of Chevrolet brand in Western and Central Europe that resulted in the impairment of the remaining goodwill. Chevrolet sales in Europe are included in our GM Korea operations. We also recorded a Goodwill impairment charge in the three months ended December 31, 2013 associated with our GM India reporting unit resulting from lower forecasted profitability in India due to lower than expected sales performance of our current product offerings in India, higher raw material costs, unfavorable foreign exchange rates and deterioration in local market conditions. Refer to Note 9 for additional information on our operations in India. At December 31, 2013 the goodwill balance was $0 for all of the reporting units in GMIO.

Intangible Assets, net

12 Months Ended

Dec. 31, 2014

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets, net [Text Block]

Intangible Assets, net

The following table summarizes the components of Intangible assets, net (dollars in millions):



	December 31, 2014						December 31, 2013
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology and intellectual property	$	8,193	$	7,744	$	449	$	8,210	$	7,308	$	902
Brands	4,447		683		3,764		4,466		559		3,907
Dealer network and customer relationships	1,094		434		660		1,108		364		744
Favorable contracts and other	345		331		14		345		326		19
Total amortizing intangible assets	14,079		9,192		4,887		14,129		8,557		5,572
Nonamortizing in process research and development	96				96		96				96
Total intangible assets	$	14,175	$	9,192	$	4,983	$	14,225	$	8,557	$	5,668

In December 2012 we entered into a product development agreement with PSA to collaborate on the development of certain vehicle platforms, components and modules. As a result of this agreement, in the three months ended March 31, 2013 we acquired the rights to certain technology and intellectual property for total consideration of $642 million. Consideration of $201 million was paid in cash in May 2013 with the remaining consideration to be paid by May 2018. The acquired rights were recorded at the present value of the total payments to be made as technology and intellectual property of $594 million. In December 2013 we agreed with PSA to mutually cancel development of one of the vehicle programs and reduce the amount of remaining consideration to be paid, resulting in a net charge of $49 million recorded in Automotive cost of sales in GMNA. The net charge consisted of an impairment of the associated intellectual property of $211 million and a reduction of total consideration from $642 million to $480 million.

The following table summarizes the amortization expense and impairment charges related to Intangible assets, net (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Amortization expense	$	676	$	1,281	$	1,568
Impairment charges	$	16	$	523	$	1,755

The following table summarizes estimated amortization expense related to Intangible assets, net in each of the next five years (dollars in millions):



	2015		2016		2017		2018		2019
Estimated amortization expense	$	332	$	311	$	306	$	302	$	205

Impairment Charges

Year Ended December 31, 2013

GMIO

As a result of our strategic assessment of GM India we recorded impairment charges of $48 million to adjust the carrying amounts of Intangible assets, net, primarily favorable contract intangibles, to fair value of $0 because of a lack of economic support associated with GM India's declining operations. These charges were recorded primarily in Automotive cost of sales. Refer to Note 9 for additional information regarding the triggering events of the impairment charges in GM India.

We recorded impairment charges of $264 million to adjust the carrying amounts of Intangible assets, net, primarily dealer network intangibles related to the Chevrolet network in Europe, to fair value of $0 because we are winding down the dealer network in 2014 and we expect to incur losses during the wind-down period. These charges were recorded in Automotive cost of sales. Refer to Note 19 for additional information on the withdrawal of the Chevrolet brand from Europe.

Year Ended December 31, 2012

We adjusted the carrying amount of the GME intangible assets to fair value of $139 million and recorded asset impairment charges of $1.8 billion at December 31, 2012. These charges were recorded primarily in Automotive selling, general and administrative expense. The fair value estimates for GME's intangible assets are based on a valuation premise that assumes the assets' highest and best use are different than their current use due to the overall European macro-economic environment.

To determine the estimated fair value of the brand intangible assets we used the relief from royalty method which is a form of the income approach. Under this approach revenue associated with the brand is projected over the expected remaining useful life of the asset. A royalty rate is then applied to estimate the royalty savings. The royalty rate used was based on an analysis of empirical, market-derived royalty rates for guideline intangible assets and a profit split analysis to determine a rate that is economically supported by GME's forecasted profitability. The net after-tax royalty savings are calculated for each year during the remaining economic life of the asset and discounted to present value.

To determine the estimated fair value of the dealer network we used the cost approach with adjustments in value for the overcapacity of dealers and the sales environment in the region. We determined the fair value to be $0.

The following table summarizes the significant Level 3 inputs for brand intangible assets measurements:

__________


(a)	Represents estimated savings realized from owning the asset or having the royalty-free right to use the asset.


(b)	Represents WACC adjusted for perceived business risks related to these intangible assets.

Variable Interest Entities

12 Months Ended

Dec. 31, 2014

Variable Interest Entities [Abstract]

Variable Interest Entities [Text Block]

Variable Interest Entities

Automotive Financing - GM Financial Consolidated VIEs

GM Financial uses special purpose entities (SPEs) that are considered VIEs to issue variable funding notes to third party bank-sponsored warehouse facilities or asset-backed securities to investors in securitization transactions. The debt issued by these VIEs is backed by the cash flows related to finance receivables and leasing related assets transferred by GM Financial to the VIEs (Securitized Assets). GM Financial holds variable interests in the VIEs that could potentially be significant to the VIEs. GM Financial determined that they are the primary beneficiary of the SPEs because: (1) the servicing responsibilities for the Securitized Assets give GM Financial the power to direct the activities that most significantly impact the performance of the VIEs; and (2) the variable interests in the VIEs give GM Financial the obligation to absorb losses and the right to receive residual returns that could potentially be significant. The assets and liabilities of the VIEs are included in GM Financial's consolidated balance sheets. The following table summarizes the assets and liabilities related to GM Financial's consolidated VIEs prior to intercompany eliminations (dollars in millions):



	December 31, 2014		December 31, 2013
Restricted cash	$	1,721	$	1,523
Securitized Assets	$	27,704	$	23,584
Securitization notes payable and other credit facilities	$	22,794	$	19,448

The assets of the VIEs and the restricted cash held by GM Financial serve as the sole source of repayment for the debt issued by these entities. Restricted cash represents collections from the underlying Securitized Assets and certain reserve accounts held as credit enhancement for securitizations held by GM Financial for the benefit of the noteholders. An additional form of credit enhancement is provided in the form of overcollateralization, whereby more loans or leases are transferred to the VIEs than the amount of asset-backed securities issued by the VIEs. GM Financial also maintains an allowance for estimated probable credit losses on securitized receivables. Cash pledged is invested in highly liquid securities with original maturities of 90 days or less.

Investors in the notes issued by the VIEs do not have recourse to GM Financial or its other assets, with the exception of customary representation and warranty repurchase provisions and indemnities that GM Financial provides as the servicer. GM Financial is not required and does not currently intend to provide additional financial support to these SPEs. While these subsidiaries are included in GM Financial's consolidated financial statements, these subsidiaries are separate legal entities and their assets are legally owned by them and are not available to GM Financial's creditors.

Accrued Liabilities and Other Liabilities

12 Months Ended

Dec. 31, 2014

Accrued Liabilities and Other Liabilities [Abstract]

Accrued Liabilities and Other Liabilities[Text Block]

Accrued Liabilities and Other Liabilities

The following table summarizes the components of Accrued liabilities and Other liabilities (dollars in millions):



	December 31, 2014		December 31, 2013
Current
Dealer and customer allowances, claims and discounts	$	8,035	$	7,919
Deposits primarily from rental car companies	6,089		4,713
Deferred revenue	1,622		1,276
Product warranty and related liabilities	3,582		2,721
Payrolls and employee benefits excluding postemployment benefits	2,144		2,285
Other	6,712		5,719
Total accrued liabilities	$	28,184	$	24,633
Non-current
Deferred revenue	$	1,556	$	1,249
Product warranty and related liabilities	6,064		4,880
Employee benefits excluding postemployment benefits	1,049		1,192
Postemployment benefits including facility idling reserves	1,259		1,216
Other	4,154		4,816
Total other liabilities	$	14,082	$	13,353

The following table summarizes activity for product warranty and related liabilities which include policy, product warranty, recall campaigns and courtesy transportation (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Beginning balance	$	7,601		$	7,633		$	7,031
Warranties issued and assumed in period - recall campaigns and courtesy transportation	2,910			640			775
Warranties issued and assumed in period - policy and warranty	2,540			2,757			2,840
Payments	(4,326		)	(3,240		)	(3,575		)
Adjustments to pre-existing warranties	1,187			49			504
Effect of foreign currency and other	(266		)	(238		)	58
Ending balance	$	9,646		$	7,601		$	7,633

In the year ended December 31, 2014 we recorded charges of approximately $2.9 billion in Automotive cost of sales relating to recall campaigns and courtesy transportation, of which over 86% was recorded in GMNA. The recorded charges primarily comprised: (1) approximately $680 million for 2.6 million vehicles to repair ignition switches that could result in a loss of electrical power under certain circumstances that may prevent front airbags from deploying in the event of a crash (accident victims who died or suffered physical injury associated with these vehicles (or their families) may be eligible to participate in a compensation program, as more fully described in Note 17); to fix ignition lock cylinders that could allow removal of the ignition key while the engine is running, leading to possible rollaway or crash; and to provide courtesy transportation to owners of affected vehicles; partially offset by adjustments of approximately $95 million for courtesy transportation as a result of greater part availability and fewer customers utilizing courtesy transportation than originally estimated and approximately $80 million for costs originally estimated separately for ignition switches and ignition lock cylinders that are now being shipped and repaired at the same time resulting in reduced costs; (2) approximately $340 million for 1.9 million vehicles to replace either the power steering motor, the steering column, the power steering motor control unit or a combination of the steering column and the power steering motor control unit as the electric power steering could fail under certain circumstances; (3) approximately $185 million for 1.3 million vehicles prone to non-deployment of the side impact restraints if vehicles are not serviced when the Service Air Bag warning light is illuminated; (4) approximately $90 million for 2.7 million vehicles to modify the brake lamp wiring harness that could have corrosion develop due to micro-vibration; (5) approximately $80 million for 1.5 million vehicles to replace front safety lap belt cables that could fatigue and separate over time; (6) approximately $150 million for 1.4 million vehicles to replace the shift cable that could wear out over time resulting in mismatches of the gear position indicated by the shift lever; (7) approximately $325 million for 12.1 million vehicles to rework or replace ignition keys because the ignition switch may move out of the “run” position which may impact power steering and power braking and, depending on the timing of the key movement relative to the activation of the sensing algorithm of a crash event, may result in airbags not deploying; and (8) approximately $520 million for 5.2 million vehicles for other matters.

We have historically accrued estimated costs related to recall campaigns in GMNA when they are probable and reasonably estimable, which typically occurs once it is determined a specific recall campaign is needed and announced. During the three months ended June 30, 2014, following the significant increase in the number of vehicles subject to recall in GMNA, the results of our ongoing comprehensive safety review, additional engineering analysis, the creation of a new Global Product Integrity organization, the appointment of a new Global Vice President of Vehicle Safety responsible for the safety development of our vehicle systems and our overall commitment to customer satisfaction, we accumulated sufficient historical data in GMNA to support the use of an actuarial-based estimation technique for recall campaigns. As such, we now accrue at the time of vehicle sale in GMNA the costs for recall campaigns. Based on the expanded historical data, we recorded a catch-up adjustment of $874 million to adjust the estimate for recall costs for previously sold vehicles, which is included in Adjustments to pre-existing warranties in the three months ended June 30, 2014. The estimation technique for recall campaigns takes into account our historical experience, including incident rates of recall campaigns. In the six months ended December 31, 2014 we announced 23 recalls covering approximately 8.1 million vehicles related to safety, customer satisfaction and other matters. The costs for these recalls are comprehended in the catch-up adjustment and also resulted in additional adjustment of approximately $200 million.

Short-Term and Long-Term Debt

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Short-Term and Long-Term Debt [Text Block]

Short-Term and Long-Term Debt

Automotive

The following table summarizes the components of our short-term and long-term debt (dollars in millions):



	December 31, 2014			December 31, 2013
Secured debt	$	237		$	320
Unsecured debt	8,205			5,852
Capital leases	968			965
Total automotive debt(a)	$	9,410		$	7,137

Fair value of automotive debt	$	9,799		$	6,837
Available under credit facility agreements	$	12,026		$	10,404
Interest rate range on outstanding debt(b)	0.0-18.0%			0.0-19.0%
Weighted-average interest rate on outstanding short-term debt(b)	6.4		%	9.0		%
Weighted-average interest rate on outstanding long-term debt(b)	4.3		%	3.8		%

__________


(a)	Net of a $681 million and $765 million net discount at December 31, 2014 and 2013.


(b)	Includes coupon rates on debt denominated in various foreign currencies and interest free loans.

The fair value of debt includes $7.6 billion measured utilizing Level 1 inputs at December 31, 2014 and $2.2 billion and $6.8 billion measured utilizing Level 2 inputs at December 31, 2014 and 2013. The fair value of debt measured utilizing Level 1 inputs was based on quoted prices in active markets for identical instruments that a market participant can access at the measurement date. The fair value of debt measured utilizing Level 2 inputs was based on quoted market prices in inactive markets for identical instruments and if unavailable, a discounted cash flow model. This model utilizes observable inputs such as contractual repayment terms and benchmark yield curves, plus a spread based on our senior unsecured notes that is intended to represent our nonperformance risk. We obtain the benchmark yield curves and yields on unsecured notes from independent sources that are widely used in the financial industry.

Revolving Credit Facilities

We received an investment grade corporate rating from Moody's in September 2013 and from S&P in September 2014 which allowed the release of the collateral securing our $11.0 billion revolving credit facilities under their terms.

In October 2014 we amended our two primary revolving credit facilities, increasing our aggregate borrowing capacity from $11.0 billion to $12.5 billion. These facilities consist of a three-year, $5.0 billion facility and a five-year, $7.5 billion facility. Both facilities are available to the Company as well as certain wholly-owned subsidiaries, including GM Financial. The three-year, $5.0 billion facility allows for borrowings in U.S. Dollars and other currencies and includes a GM Financial borrowing sub-limit of $2.0 billion, a letter of credit sub-facility of $1.6 billion and a Brazilian Real sub-facility of $305 million. The five-year, $7.5 billion facility allows for borrowings in U.S. Dollars and other currencies and includes a GM Financial borrowing sub-limit of $2.0 billion, a letter of credit sub-limit of $500 million and a Brazilian Real sub-facility of $195 million.

The revolving credit facilities contain representations, warranties and covenants that are typical for these types of facilities. The facilities also require us to maintain at least $4.0 billion in global liquidity and at least $2.0 billion in U.S. liquidity and to guarantee any borrowings by our subsidiaries. If we fail to maintain an investment grade corporate rating from two or more of the following credit rating agencies: Fitch, Moody's and S&P, we will be required to provide guarantees from certain domestic subsidiaries under the terms of the facilities. Interest rates on obligations under the revolving credit facilities are based on prevailing annual interest rates for Eurodollar loans or an alternative base rate, plus an applicable margin.

Senior Unsecured Notes

In November 2014 we issued $2.5 billion in aggregate principal amount of senior unsecured notes comprising $500 million of 4.0% notes due in 2025, $750 million of 5.0% notes due in 2035 and $1.25 billion of 5.2% notes due in 2045. In September 2013 we issued $4.5 billion in aggregate principal amount of senior unsecured notes comprising $1.5 billion of 3.5% notes due in 2018, $1.5 billion of 4.875% notes due in 2023 and $1.5 billion of 6.25% notes due in 2043. These notes contain terms and covenants customary of these types of securities including limitations on the amount of certain secured debt we may issue.

Extinguishment of Debt

In the year ended December 31, 2014 we prepaid and retired debt obligations with a total carrying amount of $325 million and recorded a net gain on extinguishment of debt of $202 million which primarily represented unsecured debt in Brazil. In the year ended December 31, 2013 we prepaid and retired debt obligations with a total carrying amount of $1.8 billion and recorded a net loss on extinguishment of debt of $212 million which primarily represented the unamortized debt discount on GM Korea mandatorily redeemable preferred shares. In the year ended December 31, 2012 we prepaid and retired debt obligations with a total carrying amount of $514 million and recorded a net loss on extinguishment of debt of $250 million which primarily represented the unamortized debt discount on GM Korea mandatorily redeemable preferred shares.

Automotive Financing - GM Financial

The following table summarizes the carrying amount and fair value of debt (dollars in millions):



	December 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt	$	25,214	$	25,228	$	22,073	$	22,170
Unsecured debt	12,217		12,479		6,973		7,078
Total GM Financial debt	$	37,431	$	37,707	$	29,046	$	29,248

The fair value of debt includes $32.8 billion and $23.0 billion measured utilizing Level 2 inputs and $4.9 billion and $6.2 billion measured utilizing Level 3 inputs at December 31, 2014 and December 31, 2013. The fair value of debt measured utilizing Level 2 inputs was based on quoted market prices and if unavailable, quoted market prices of similar securities. For debt that has terms of one year or less or has been priced within the last six months, the carrying amount or par value is considered to be a reasonable estimate of fair value. The fair value of debt measured utilizing Level 3 inputs was based on the discounted future net cash flows expected to be settled using current risk-adjusted rates.

Secured Debt

Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged finance receivables and leases. Refer to Note 12 for additional information relating to GM Financial's involvement with VIEs. Secured debt consists of revolving credit facilities and securitization notes payable. Weighted-average interest rates are both fixed and variable, ranging from 0.35% to 13.43% at December 31, 2014.

The revolving credit facilities are expected to be repaid over periods ranging up to five years. At the end of the revolving period, if not renewed, the debt will amortize over a defined period. GM Financial is required to hold certain funds in restricted cash accounts to provide additional collateral for borrowings under certain secured credit facilities. In the year ended December 31, 2014 GM Financial entered into new or renewed credit facilities with a total additional borrowing capacity of $5.5 billion.

Securitization notes payable at December 31, 2014 are due beginning in 2016 through 2022. In the year ended December 31, 2014 GM Financial issued securitization notes payable of $10.7 billion with a weighted-average interest rate of 1.4% maturing on various dates through 2022.

Unsecured Debt

Unsecured debt consists of senior notes, credit facilities and other unsecured debt. Senior notes outstanding at December 31, 2014 are due beginning in 2016 through 2023 and have interest rates that range from 1.875% to 6.75%. In May 2014 GM Financial issued CAD 400 million of 3.25% senior notes which are due in May 2017. In July 2014 GM Financial issued $1.5 billion in aggregate principal amount of senior notes comprising $700 million of 2.625% notes due in July 2017 and $800 million of 3.5% notes due in July 2019. In September 2014 GM Financial issued $2.0 billion in aggregate principal amount of senior notes comprising $750 million of 3.0% notes due in September 2017 and $1.25 billion of 4.375% notes due in September 2021. In October 2014 GM Financial issued Euro 500 million of 1.875% term notes which are due in October 2019. The notes are guaranteed by GM Financial's principal operating subsidiary.

In January 2015 GM Financial issued $2.25 billion in aggregate principal amount of senior notes comprising $1.0 billion of 3.15% notes due in January 2020, $1.0 billion of 4.0% notes due in January 2025 and $250 million of floating rate notes due in January 2020. Interest rates on the floating rate notes are equal to three-month LIBOR plus an applicable margin. The notes are guaranteed by GM Financial's principal operating subsidiary.

The terms of advances on revolving credit facilities and other unsecured debt have remaining maturities of up to five years. Interest rates on credit facilities and other unsecured debt ranged from 0.98% to 13.35% at December 31, 2014.

Consolidated

Interest Expense

The following table summarizes interest expense (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Automotive	$	403	$	334	$	489
Automotive Financing - GM Financial	1,426		715		283
Total interest expense	$	1,829	$	1,049	$	772

Debt Maturities

The following table summarizes contractual maturities including capital leases at December 31, 2014 (dollars in millions):



	Automotive		Automotive Financing(a)		Total
2015	$	503	$	14,491	$	14,994
2016	174		9,177		9,351
2017	511		7,255		7,766
2018	1,600		2,666		4,266
2019	109		1,860		1,969
Thereafter	7,194		2,000		9,194
	$	10,091	$	37,449	$	47,540

________


(a)	Secured debt, credit facilities and other unsecured debt are based on expected payoff date. Senior notes principal amounts are based on maturity.

At December 31, 2014 future interest payments on automotive capital lease obligations were $488 million. GM Financial had no capital lease obligations at December 31, 2014.

Compliance with Debt Covenants

Several of our loan facilities, including our revolving credit facilities, require compliance with certain financial and operational covenants as well as regular reporting to lenders, including providing certain subsidiary financial statements. Some of GM Financial’s secured and unsecured debt agreements also contain various covenants, including maintaining minimum financial ratios, asset quality and portfolio performance ratios as well as limits on deferment levels. Failure to meet certain of these requirements may result in a covenant violation or an event of default depending on the terms of the agreement. An event of default may allow lenders to declare amounts outstanding under these agreements immediately due and payable, to enforce their interests against collateral pledged under these agreements or restrict our ability or GM Financial's ability to obtain additional borrowings. No technical defaults or covenant violations existed at December 31, 2014.

Pensions And Other Postretirement Benefits

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Pensions and Other Postretirement Benefits [Text Block]

Pensions and Other Postretirement Benefits

Employee Pension and Other Postretirement Benefit Plans

Defined Benefit Pension Plans

Defined benefit pension plans covering eligible U.S. hourly employees (hired prior to October 2007) and Canadian hourly employees generally provide benefits of negotiated, stated amounts for each year of service and supplemental benefits for employees who retire with 30 years of service before normal retirement age. The benefits provided by the defined benefit pension plans covering eligible U.S. (hired prior to January 1, 2001) and Canadian salaried employees and employees in certain other non-U.S. locations are generally based on years of service and compensation history. Accrual of defined pension benefits ceased on September 30, 2012 for U.S. salaried employees and on December 31, 2012 for Canadian salaried employees. There is also an unfunded nonqualified pension plan covering primarily U.S. executives for service prior to January 1, 2007 and it is based on an “excess plan” for service after that date.

The funding policy for qualified defined benefit pension plans is to contribute annually not less than the minimum required by applicable law and regulations or to directly pay benefit payments where appropriate. At December 31, 2014 all legal funding requirements had been met. We expect to contribute $70 million to our U.S. non-qualified plans and $1.1 billion to our non-U.S. pension plans in 2015. The following table summarizes contributions made to the defined benefit pension plans (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
U.S. hourly and salaried	$	143	$	128	$	2,420
Non-U.S.	770		886		855
Total	$	913	$	1,014	$	3,275

We continue to pursue various options to fund and derisk our pension plans, including continued changes to the pension asset portfolio mix to reduce funded status volatility.

Other Postretirement Benefit Plans

Certain hourly and salaried defined benefit plans provide postretirement medical, dental, legal service and life insurance to eligible U.S. and Canadian retirees and their eligible dependents. Certain other non-U.S. subsidiaries have postretirement benefit plans, although most non-U.S. employees are covered by government sponsored or administered programs.

The following table summarizes contributions to the U.S. OPEB plans (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Employer contributions	$	354	$	393	$	432
Plan participants' contributions	22		29		4
Total contributions	$	376	$	422	$	436

Defined Contribution Plans

We have defined contribution plans for eligible U.S. salaried and hourly employees that provide discretionary matching contributions. Contributions are also made to certain non-U.S. defined contribution plans. We made contributions to our defined contribution plans of $513 million, $502 million and $352 million in the years ended December 31, 2014, 2013 and 2012.

Significant Plan Amendments, Benefit Modifications and Related Events

U.S. Salaried Defined Benefit Life Insurance Plan

In September 2013 we amended the U.S. salaried life insurance plan effective January 1, 2014 to eliminate benefits for retirees and eligible employees retiring on or after August 1, 2009. The remeasurement, settlement and curtailment resulted in a decrease in the OPEB liability of $319 million, a decrease in the net pre-tax actuarial loss component of Accumulated other comprehensive loss of $236 million and a pre-tax gain of $83 million.

U.S. Salaried Defined Benefit Pension Plan

In the year ended December 31, 2012 we amended the salaried pension plan to cease the accrual of additional benefits effective September 30, 2012 resulting in a curtailment of $309 million which decreased the pension liability. We divided the plan to create a new legally separate defined benefit plan primarily for active and terminated vested participants. Settlement payments of $30.6 billion were made consisting of lump-sum pension distributions of $3.6 billion to retired salaried plan participants, group annuity contracts purchased for a total annuity premium of $25.1 billion and two separate previously guaranteed obligations of $1.9 billion were settled. These agreements unconditionally and irrevocably guarantee the full payment of all annuity payments to the participants that were receiving payments from the plan and the insurance companies assumed all investment risk associated with the assets that were delivered as the annuity contract premiums.

Through these transactions we have settled certain pension obligations in their entirety resulting in a pre-tax settlement loss of $2.6 billion ($2.2 billion after tax) in Automotive cost of sales. The pre-tax loss is composed of existing losses in Accumulated other comprehensive loss of $377 million and the premium paid to the insurance company of $2.1 billion. The tax benefit of $413 million is composed of the statutory tax benefit of $1.0 billion offset by tax expense of $596 million primarily associated with the removal of prior period income tax allocations between Accumulated other comprehensive loss and Income tax expense (benefit).

In the year ended December 31, 2012 we provided short-term, interest-free, unsecured loans of $2.2 billion to provide the plan with incremental liquidity to pay ongoing benefits and administrative costs. Through December 31, 2013 contributions of $1.7 billion were made from the $2.2 billion loans and the remaining amounts were repaid.

Active salaried plan participants began receiving additional contributions in the defined contribution plan in October 2012. Lump-sum pension distributions in 2013 of $430 million resulted in a pre-tax settlement gain of $128 million.

Other Remeasurements

In the three months ended December 31, 2014 the SOA issued new mortality and mortality improvement tables that raise life expectancies and thereby indicate the amount of estimated aggregate benefit payments to our U.S. pension plans' participants is increasing. We have incorporated the new SOA mortality and mortality improvement tables into our December 31, 2014 measurement of our U.S. pension plans' benefit obligations. The change in these assumptions had the effect of increasing the December 31, 2014 U.S. pension plans' obligations by $2.2 billion.

In September 2011 a plan which provided legal services to U.S. hourly employees and retirees was remeasured as a result of our labor agreement provisions which terminated the plan effective December 31, 2013. The negotiated termination has been accounted for as a negative plan amendment resulting in a decrease in the OPEB liability and a pre-tax increase of $266 million in the prior service credit component of Accumulated other comprehensive loss was amortized through December 31, 2013.

In March 2012 certain pension plans in GME were remeasured as part of our goodwill impairment testing, resulting in an increase of $150 million in the pension liability and a pre-tax increase in the net actuarial loss component of Accumulated other comprehensive loss.

Pension and OPEB Obligations and Plan Assets

The following table summarizes the change in benefit obligations and related plan assets (dollars in millions):



	Year Ended December 31, 2014												Year Ended December 31, 2013
	Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Change in benefit obligations
Beginning benefit obligation	$	71,480		$	27,528		$	5,110		$	1,238		$	82,110		$	29,301		$	6,271		$	1,528
Service cost	247			358			13			10			298			394			24			13
Interest cost	3,060			1,031			218			55			2,837			1,010			217			57
Amendments	—			17			—			—			—			(4		)	—			(4		)
Actuarial (gains) losses	7,770			3,179			331			117			(7,661		)	(1,009		)	(757		)	(210		)
Benefits paid	(5,779		)	(1,699		)	(376		)	(50		)	(5,719		)	(1,683		)	(422		)	(53		)
Foreign currency translation adjustments	—			(2,536		)	—			(108		)	—			(528		)	—			(98		)
Curtailments, settlements and other	(54		)	19			(7		)	74			(385		)	47			(223		)	5
Ending benefit obligation	76,724			27,897			5,289			1,336			71,480			27,528			5,110			1,238
Change in plan assets
Beginning fair value of plan assets	64,166			14,986			—			—			68,085			15,541			—			—
Actual return on plan assets	7,346			1,893			—			—			2,107			988			—			—
Employer contributions	143			770			354			48			128			886			393			51
Benefits paid	(5,779		)	(1,699		)	(376		)	(50		)	(5,719		)	(1,683		)	(422		)	(53		)
Foreign currency translation adjustments	—			(1,232		)	—			—			—			(692		)	—			—
Settlements and other	(53		)	(49		)	22			2			(435		)	(54		)	29			2
Ending fair value of plan assets	65,823			14,669			—			—			64,166			14,986			—			—
Ending funded status	$	(10,901	)	$	(13,228	)	$	(5,289	)	$	(1,336	)	$	(7,314	)	$	(12,542	)	$	(5,110	)	$	(1,238	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	111		$	—		$	—		$	—		$	137		$	—		$	—
Current liabilities	(69		)	(383		)	(338		)	(58		)	(131		)	(379		)	(368		)	(83		)
Non-current liabilities	(10,832		)	(12,956		)	(4,951		)	(1,278		)	(7,183		)	(12,300		)	(4,742		)	(1,155		)
Net amount recorded	$	(10,901	)	$	(13,228	)	$	(5,289	)	$	(1,336	)	$	(7,314	)	$	(12,542	)	$	(5,110	)	$	(1,238	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial gain (loss)	$	452		$	(5,019	)	$	(859	)	$	(83	)	$	4,747		$	(3,379	)	$	(542	)	$	47
Net prior service (cost) credit	35			(57		)	16			72			38			(87		)	19			91
Total recorded in Accumulated other comprehensive loss	$	487		$	(5,076	)	$	(843	)	$	(11	)	$	4,785		$	(3,466	)	$	(523	)	$	138

The following table summarizes the total accumulated benefit obligations (ABO), the fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the projected benefit obligation (PBO) and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets (dollars in millions):



	December 31, 2014				December 31, 2013
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
ABO	$	76,702	$	27,425	$	71,461	$	27,069
Plans with ABO in excess of plan assets
ABO	$	76,702	$	26,510	$	71,461	$	25,897
Fair value of plan assets	$	65,823	$	13,638	$	64,166	$	13,663
Plans with PBO in excess of plan assets
PBO	$	76,724	$	26,935	$	71,480	$	26,788
Fair value of plan assets	$	65,823	$	13,643	$	64,166	$	14,109

The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations (dollars in millions):



	Year Ended December 31, 2014												Year Ended December 31, 2013												Year Ended December 31, 2012
	Pension Benefits						Other Benefits						Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Components of expense
Service cost	$	380		$	389		$	13		$	10		$	395		$	425		$	24		$	13		$	590		$	411		$	23		$	16
Interest cost	3,060			1,031			218			55			2,837			1,010			217			57			4,055			1,110			234			63
Expected return on plan assets	(3,914		)	(873		)	—			—			(3,562		)	(823		)	—			—			(5,029		)	(870		)	—			—
Amortization of prior service cost (credit)	(4		)	17			(2		)	(14		)	(4		)	19			(116		)	(14		)	(1		)	1			(116		)	(12		)
Recognized net actuarial loss	(91		)	154			14			(6		)	6			208			85			6			2			35			52			6
Curtailments, settlements and other	(1		)	3			—			—			(77		)	(6		)	(62		)	—			2,580			71			—			11
Net periodic expense (income)	$	(570	)	$	721		$	243		$	45		$	(405	)	$	833		$	148		$	62		$	2,197		$	758		$	193		$	84
Weighted-average assumptions used to determine benefit obligations
Discount rate	3.73		%	3.14		%	3.80		%	3.99		%	4.46		%	4.10		%	4.52		%	4.71		%	3.59		%	3.70		%	3.68		%	3.97		%
Rate of compensation increase(a)	N/A			2.85		%	N/A			4.21		%	N/A			2.90		%	N/A			4.21		%	N/A			2.77		%	4.50		%	4.21		%
Weighted-average assumptions used to determine net expense
Discount rate	4.46		%	4.10		%	4.52		%	4.71		%	3.59		%	3.69		%	3.69		%	3.97		%	4.06		%	4.45		%	4.24		%	4.31		%
Expected rate of return on plan assets	6.53		%	6.28		%	N/A			N/A			5.77		%	5.70		%	N/A			N/A			6.18		%	6.20		%	N/A			N/A
Rate of compensation increase(a)	N/A			2.90		%	N/A			4.21		%	N/A			2.77		%	4.50		%	4.21		%	4.50		%	3.15		%	4.50		%	4.21		%

_________


(a)	As a result of ceasing the accrual of additional benefits for salaried plan participants, the rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.

U.S. pension plan service cost includes administrative expenses of $133 million, $97 million and $138 million in the years ended December 31, 2014, 2013 and 2012. Weighted-average assumptions used to determine net expense are determined at the beginning of the period and updated for remeasurements. Non-U.S. pension plan administrative expenses included in service cost were insignificant in the years ended December 31, 2014, 2013 and 2012.

Estimated amounts to be amortized from Accumulated other comprehensive loss into net periodic benefit cost in the year ending December 31, 2015 based on December 31, 2014 plan measurements are $295 million, consisting primarily of amortization of the net actuarial loss in the non-U.S. pension plans.

Assumptions

Investment Strategies and Long-Term Rate of Return

Detailed periodic studies conducted by outside actuaries and an internal asset management group are used to determine the long-term strategic mix among asset classes, risk mitigation strategies and the expected long-term return on asset assumptions for the U.S. pension plans. The U.S. study includes a review of alternative asset allocation and risk mitigation strategies, anticipated future long-term performance and risk of the individual asset classes that comprise the plans' asset mix. Similar studies are performed for the significant non-U.S. pension plans with the assistance of outside actuaries and asset managers. While the studies incorporate data from recent plan performance and historical returns, the expected long-term return on plan asset assumptions are determined based on long-term prospective rates of return.

The strategic asset mix and risk mitigation strategies for the plans are tailored specifically for each plan. Individual plans have distinct liabilities, liquidity needs and regulatory requirements. Consequently there are different investment policies set by individual plan fiduciaries. Although investment policies and risk mitigation strategies may differ among plans, each investment strategy is considered to be appropriate in the context of the specific factors affecting each plan.

In setting new strategic asset mixes, consideration is given to the likelihood that the selected mixes will effectively fund the projected pension plan liabilities, while aligning with the risk tolerance of the plans' fiduciaries. The strategic asset mixes for U.S. defined benefit pension plans are increasingly designed to satisfy the competing objectives of improving funded positions (market value of assets equal to or greater than the present value of the liabilities) and mitigating the possibility of a deterioration in funded status.

Derivatives may be used to provide cost effective solutions for rebalancing investment portfolios, increasing or decreasing exposure to various asset classes and for mitigating risks, primarily interest rate and currency risks. Equity and fixed income managers are permitted to utilize derivatives as efficient substitutes for traditional physical securities. Interest rate derivatives may be used to adjust portfolio duration to align with a plan's targeted investment policy. Alternative investment managers are permitted to employ leverage, including through the use of derivatives, which may alter economic exposure.

In December 2014 an investment policy study was completed for the U.S. pension plans. The study resulted in new target asset allocations being approved for the U.S. pension plans with resulting changes to the expected long-term rate of return on assets. The weighted-average long-term rate of return on assets decreased from 6.5% at December 31, 2013 to 6.4% at December 31, 2014. The expected long-term rate of return on plan assets used in determining pension expense for non-U.S. plans is determined in a similar manner to the U.S. plans.

Target Allocation Percentages

The following table summarizes the target allocations by asset category for U.S. and non-U.S. defined benefit pension plans:



	December 31, 2014				December 31, 2013
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
Equity	16	%	27	%	19	%	28	%
Debt	60	%	47	%	58	%	49	%
Other(a)	24	%	26	%	23	%	23	%
Total	100	%	100	%	100	%	100	%

__________


(a)	Primarily includes private equity, real estate and absolute return strategies which mainly consist of hedge funds.

Assets and Fair Value Measurements

The following tables summarize the fair value of U.S. defined benefit pension plan assets by asset class (dollars in millions):



	December 31, 2014											December 31, 2013
	Level 1			Level 2			Level 3		Total			Level 1			Level 2			Level 3			Total
Assets
Cash equivalents and other short-term investments	$	—		$	42		$	—	$	42		$	—		$	411		$	—		$	411
Common and preferred stocks	10,033			30			3		10,066			10,234			70			6			10,310
Government and agency debt securities(a)	—			16,143			—		16,143			—			14,971			—			14,971
Corporate and other debt securities(b)	—			22,725			83		22,808			—			20,647			130			20,777
Investment funds(c)	70			910			5,221		6,201			99			1,018			5,174			6,291
Private equity and debt investments(d)	—			—			5,909		5,909			—			—			6,335			6,335
Real estate investments(e)	560			2			3,608		4,170			390			4			4,127			4,521
Other investments	—			—			65		65			—			—			62			62
Derivative assets	55			313			1		369			17			157			—			174
Total assets	10,718			40,165			14,890		65,773			10,740			37,278			15,834			63,852
Liabilities
Derivative liabilities	(23		)	(496		)	—		(519		)	(22		)	(311		)	(6		)	(339		)
Net plan assets subject to leveling	$	10,695		$	39,669		$	14,890	65,254			$	10,718		$	36,967		$	15,828		63,513
Other plan assets and liabilities(f)									569												653
Net Plan Assets									$	65,823											$	64,166

The following tables summarize the fair value of non-U.S. defined benefit pension plan assets by asset class (dollars in millions):



	December 31, 2014										December 31, 2013
	Level 1		Level 2			Level 3		Total			Level 1			Level 2			Level 3		Total
Assets
Cash equivalents and other short-term investments	$	—	$	207		$	—	$	207		$	—		$	156		$	—	$	156
Common and preferred stocks	1,959		3			—		1,962			1,816			6			—		1,822
Government and agency debt securities(a)	—		3,614			—		3,614			—			3,418			—		3,418
Corporate and other debt securities(b)	—		1,986			—		1,986			—			2,475			14		2,489
Investment funds(c)	101		3,409			889		4,399			128			3,529			745		4,402
Private equity and debt investments(d)	—		—			509		509			—			—			430		430
Real estate investments(e)	20		4			1,263		1,287			13			12			1,405		1,430
Other investments	—		—			722		722			—			—			618		618
Derivative assets	17		24			—		41			3			44			—		47
Total assets	2,097		9,247			3,383		14,727			1,960			9,640			3,212		14,812
Liabilities
Derivative liabilities	—		(44		)	—		(44		)	(12		)	(56		)	—		(68		)
Net plan assets subject to leveling	$	2,097	$	9,203		$	3,383	14,683			$	1,948		$	9,584		$	3,212	14,744
Other plan assets and liabilities(f)								(14		)									242
Net Plan Assets								$	14,669										$	14,986

__________


(a)	Includes U.S. and sovereign government and agency issues.


(b)	Includes mortgage and asset-backed securities.


(c)	U.S. and non-U.S. Level 3 assets consist primarily of funds of hedge funds. Non-U.S. Level 2 assets consist primarily of equity and fixed income funds.


(d)	Includes private equity investment funds.


(e)	Includes investment funds and public real estate investment trusts.


(f)	Cash held by the plans, net of amounts receivable/payable for unsettled security transactions and payables for investment manager fees, custody fees and other expenses.

The following tables summarize the activity for U.S. defined benefit pension plan net assets measured at fair value using Level 3 inputs (dollars in millions):



	Balance at January 1, 2014			Net Realized/Unrealized Gains (Losses)			Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3			Balance at December 31, 2014		Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2014
Common and preferred stocks	$	6		$	2		$	(5	)	$	—		$	3	$	—
Corporate and other debt securities	130			—			(41		)	(6		)	83		(4		)
Investment funds	5,174			231			(184		)	—			5,221		208
Private equity and debt investments	6,335			651			(1,077		)	—			5,909		27
Real estate investments	4,127			251			(770		)	—			3,608		68
Other investments	62			5			(2		)	—			65		5
Derivatives, net	(6		)	(4		)	11			—			1		—
Total net assets	$	15,828		$	1,136		$	(2,068	)	$	(6	)	$	14,890	$	304



	Balance at January 1, 2013			Net Realized/Unrealized Gains (Losses)			Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3		Balance at December 31, 2013			Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2013
Common and preferred stocks	$	19		$	3		$	(16	)	$	—	$	6		$	1
Corporate and other debt securities	182			6			(58		)	—		130			(3		)
Investment funds	4,959			552			(337		)	—		5,174			537
Private equity and debt investments	6,400			926			(991		)	—		6,335			436
Real estate investments	4,335			458			(666		)	—		4,127			190
Other investments	63			(2		)	1			—		62			(2		)
Derivatives, net	(8		)	2			—			—		(6		)	1
Total net assets	$	15,950		$	1,945		$	(2,067	)	$	—	$	15,828		$	1,160

The following tables summarize the activity for non-U.S. defined benefit pension plan assets measured at fair value using Level 3 inputs (dollars in millions):



	Balance at January 1, 2014		Net Realized/Unrealized Gains (Losses)		Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3		Effect of Foreign Currency			Balance at December 31, 2014		Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2014
Corporate and other debt securities	$	14	$	—	$	(13	)	$	—	$	(1	)	$	—	$	—
Investment funds	745		103		111			—		(70		)	889		103
Private equity and debt investments	430		100		20			—		(41		)	509		75
Real estate investments	1,405		48		(84		)	—		(106		)	1,263		44
Other investments	618		92		72			—		(60		)	722		76
Total assets	$	3,212	$	343	$	106		$	—	$	(278	)	$	3,383	$	298



	Balance at January 1, 2013		Net Realized/Unrealized Gains (Losses)			Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3		Effect of Foreign Currency			Balance at December 31, 2013		Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2013
Corporate and other debt securities	$	5	$	1		$	7		$	1	$	—		$	14	$	1
Investment funds	641		110			27			—		(33		)	745		112
Private equity and debt investments	381		73			3			—		(27		)	430		53
Real estate investments	1,422		103			(57		)	—		(63		)	1,405		122
Other investments	665		(10		)	(43		)	—		6			618		4
Total assets	$	3,114	$	277		$	(63	)	$	1	$	(117	)	$	3,212	$	292

Investment Fund Strategies

Investment funds consist primarily of equity funds, fixed income funds and funds of hedge funds. Equity funds invest in U.S. common and preferred stocks as well as similar equity securities issued by companies incorporated, listed or domiciled in developed and/or emerging markets countries. Fixed income funds include investments in high quality funds and to a lesser extent, high yield funds. High quality fixed income funds invest in government securities, investment-grade corporate bonds and mortgage and asset-backed securities. High yield fixed income funds invest in high yield fixed income securities issued by corporations which are rated below investment grade. Funds of hedge funds represent funds that invest in a portfolio of hedge funds. Fund managers typically seek to achieve their objectives by allocating capital across a broad array of funds and/or investment managers. Other investment funds also included in this category primarily represent multi-strategy funds that invest in broadly diversified portfolios of equity, fixed income and derivative instruments.

Private equity and debt investments principally consist of investments in private equity and debt funds. These investments provide exposure to and benefit from long-term equity investments in private companies, including leveraged buy-outs, venture capital and distressed debt strategies.

Real estate investments include funds that invest in entities which are principally engaged in the ownership, acquisition, development, financing, sale and/or management of income-producing real estate properties, both commercial and residential. These funds typically seek long-term growth of capital and current income that is above average relative to public equity funds.

Significant Concentrations of Risk

The assets of the pension plans include certain private investment funds, private equity and debt securities, real estate investments and derivative instruments. Investment managers may be unable to quickly sell or redeem some or all of these investments at an amount close or equal to fair value in order to meet a plan's liquidity requirements or to respond to specific events such as deterioration in the creditworthiness of any particular issuer or counterparty.

Illiquid investments held by the plans are generally long-term investments that complement the long-term nature of pension obligations and are not used to fund benefit payments when currently due. Plan management monitors liquidity risk on an ongoing basis and has procedures in place that are designed to maintain flexibility in addressing plan-specific, broader industry and market liquidity events.

The pension plans may invest in financial instruments denominated in foreign currencies and may be exposed to risks that the foreign currency exchange rates might change in a manner that has an adverse effect on the value of the foreign currency denominated assets or liabilities. Forward currency contracts may be used to manage and mitigate foreign currency risk.

The pension plans may invest in fixed income securities for which any change in the relevant interest rates for particular securities might result in an investment manager being unable to secure similar returns upon the maturity or the sale of securities. In addition, changes to prevailing interest rates or changes in expectations of future interest rates might result in an increase or decrease in the fair value of the securities held. Interest rate swaps and other financial derivative instruments may be used to manage interest rate risk.

Counterparty credit risk is the risk that a counterparty to a financial instrument will default on its commitment. Counterparty risk is primarily related to over-the-counter derivative instruments used to manage risk exposures related to interest rates on long-term debt securities and foreign currency exchange rate fluctuations. The risk of default can be influenced by various factors including macro-economic conditions, market liquidity, fiscal and monetary policies and counterparty-specific characteristics and activities. Certain agreements with counterparties employ set-off, collateral support arrangements and other risk mitigating procedures designed to reduce the net exposure to credit risk in the event of counterparty default. Credit policies and processes are in place to manage concentrations of counterparty risk by seeking to undertake transactions with large well-capitalized counterparties and by monitoring the creditworthiness of these counterparties. The majority of derivatives held by the plans at December 31, 2014 were fully collateralized and therefore, the related counterparty credit risk was significantly reduced.

Pension Funding Requirements

We are subject to a variety of U.S. federal rules and regulations, including the Employee Retirement Income Security Act of 1974, as amended and the Pension Protection Act of 2006, which govern the manner in which we fund and administer our U.S. pension plans. The Moving Ahead for Progress in the 21st Century Act which expired on September 30, 2014 allowed plan sponsors funding relief for pension plans through the application of higher funding interest rates. The 2014 Highway and Transportation Funding Act extended the application of higher funding interest rates. As a result, utilizing current assumptions we expect no significant mandatory contributions to our U.S. qualified pension plans for the next five years. We have no funding requirements for our U.S. qualified plans in 2015.

We also maintain pension plans for employees in a number of countries outside the U.S. which are subject to local laws and regulations. Except for Canada and the United Kingdom, most non-U.S. pension laws and regulations do not have specific funding requirements.

Benefit Payments

The following table summarizes net benefit payments expected to be paid in the future, which include assumptions related to estimated future employee service (dollars in millions):



	Pension Benefits(a)				Other Benefits
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
2015	$	5,616	$	1,530	$	344	$	59
2016	$	5,572	$	1,570	$	331	$	63
2017	$	5,380	$	1,558	$	322	$	61
2018	$	5,239	$	1,458	$	313	$	63
2019	$	5,128	$	1,448	$	307	$	65
2020 - 2024	$	23,754	$	7,136	$	1,470	$	348

__________


(a)	Benefits for most U.S. pension plans and certain non-U.S. pension plans are paid out of plan assets rather than our Cash and cash equivalents.

Derivative Financial Instruments	12 Months Ended
Derivative Financial Instruments	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments [Text Block]	Derivative Financial Instruments Automotive At December 31, 2014 and 2013 our derivative instruments consisted primarily of options and forward contracts primarily related to foreign currency, none of which were designated as hedging relationships. We had derivative instruments in asset positions with notional amounts of $8.8 billion and $9.3 billion and liability positions with notional amounts of $953 million and $427 million at December 31, 2014 and 2013. The fair value of these derivative instruments was insignificant. Automotive Financing - GM Financial GM Financial had interest rate swaps and caps and foreign currency swaps in asset positions with notional amounts of $5.4 billion and $5.5 billion and liability positions with notional amounts of $8.5 billion and $7.6 billion at December 31, 2014 and 2013. The fair value of these derivative financial instruments was insignificant.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies [Text Block]

Commitments and Contingencies

The following tables summarize information related to commitments and contingencies (dollars in millions):



	December 31, 2014				December 31, 2013
	Liability Recorded		Maximum Liability(a)		Liability Recorded		Maximum Liability(a)
Guarantees
Third-party commercial loans and other obligations(b)	$	37	$	197	$	51	$	15,616
Other product-related claims	$	51	$	2,458	$	54	$	1,317

__________


(a)	Calculated as future undiscounted payments.


(b)	Includes liabilities recorded of $10 million and maximum liabilities of $15.3 billion related to Ally Financial repurchase obligations at December 31, 2013.



	Liability Recorded
	December 31, 2014		December 31, 2013
Other litigation-related liability and tax administrative matters	$	1,000	$	1,227
Product liability	$	732	$	690
Ignition switch recall compensation program	$	315
Credit card programs(a)
Redemption liability(b)	$	87	$	183
Deferred revenue(c)	$	263	$	295
Environmental liability	$	133	$	154
Asset retirement obligations	$	146	$	159

__________


(a)	Credit card programs offer rebates that can be applied primarily against the purchase or lease of our vehicles. At December 31, 2014 and 2013 qualified cardholders had rebates available, net of deferred program revenue, of approximately $2.3 billion and $2.6 billion.


(b)	Recorded in Accrued liabilities.


(c)	Recorded in Other liabilities.

Guarantees

We provide payment guarantees on commercial loans outstanding with third parties such as dealers or rental car companies. We determined the fair value ascribed to the guarantees at inception and subsequent to inception to be insignificant based on the credit worthiness of the third parties. In March 2014 a new agreement was signed with Ally Financial that removed the repurchase obligation for vehicles invoiced after December 31, 2013. The repurchase obligation for vehicles invoiced prior to December 31, 2013 was maintained until December 31, 2014 at which time repurchase obligations expired for all vehicles.

Agreements with third parties that guarantee the fulfillment of certain suppliers' commitments and other obligations expire in 2015 through 2019 or upon the occurrence of specific events or are ongoing.

In some instances certain assets of the party whose debt or performance we have guaranteed may offset, to some degree, the cost of the guarantee. The offset of certain of our payables to guaranteed parties may also offset certain guarantees, if triggered. If vehicles are required to be repurchased under vehicle repurchase obligations, the total exposure would be reduced to the extent vehicles are able to be resold to another dealer.

In connection with certain divestitures of assets or operating businesses, we have entered into agreements indemnifying certain buyers and other parties with respect to environmental conditions and other closure costs pertaining to real property we owned. We periodically enter into agreements that incorporate indemnification provisions in the normal course of business. It is not possible to estimate our maximum exposure under these indemnifications or guarantees due to the conditional nature of these obligations. Insignificant amounts have been recorded for such obligations as the majority of them are not probable or estimable at this time and the fair value of the guarantees at issuance was insignificant. In addition, we indemnify dealers for certain product liability related claims as subsequently discussed.

With respect to other product-related claims involving products manufactured by certain joint ventures, we believe that costs incurred are adequately covered by recorded accruals. These guarantees terminate in years ranging from 2020 to 2029.

Other Litigation-Related Liability and Tax Administrative Matters

Various legal actions, governmental investigations, claims and proceedings are pending against us including matters arising out of alleged product defects; employment-related matters; governmental regulations relating to safety, emissions and fuel economy; product warranties; financial services; dealer, supplier and other contractual relationships; tax-related matters not recorded pursuant to ASC 740, "Income Taxes" (indirect tax-related matters) and environmental matters.

With regard to the litigation matters discussed in the previous paragraph, reserves have been established for matters in which we believe that losses are probable and can be reasonably estimated, the majority of which are associated with indirect tax-related matters as well as non-U.S. labor-related matters. Indirect tax-related matters are being litigated globally pertaining to value added taxes, customs, duties, sales, property taxes and other non-income tax related tax exposures. The various non-U.S. labor-related matters include claims from current and former employees related to alleged unpaid wage, benefit, severance and other compensation matters. Certain South American administrative proceedings are indirect tax-related and may require that we deposit funds in escrow. Escrow deposits may range from $500 million to $700 million. Some of the matters may involve compensatory, punitive or other treble damage claims, environmental remediation programs or sanctions that, if granted, could require us to pay damages or make other expenditures in amounts that could not be reasonably estimated at December 31, 2014. We believe that appropriate accruals have been established for such matters based on information currently available. Reserves for litigation losses are recorded in Accrued liabilities and Other liabilities. Litigation is inherently unpredictable however; and unfavorable resolutions could occur. Accordingly it is possible that an adverse outcome from such proceedings could exceed the amounts accrued in an amount that could be material to our financial condition, results of operations and cash flows in any particular reporting period.

Proceedings Related to Ignition Switch and Other Recalls

In the three months ended March 31, 2014 we announced recalls to repair ignition switches that under certain circumstances could unintentionally move from the “run” position to the “accessory” or “off” position with a corresponding loss of power, which in turn may prevent airbags from deploying in the event of a crash. Those recalls included Chevrolet Cobalt and HHR, Pontiac G5, Pursuit and Solstice and Saturn ION and Sky vehicles. Since those recalls, we have announced a number of additional recalls in the year ended December 31, 2014 relating to safety, customer satisfaction and other matters.

Through January 30, 2015 we are aware of 108 putative class actions that are pending against GM in various U.S. District Courts and state courts alleging that consumers who purchased or leased GM vehicles have been economically harmed by one or more of the recalls announced this year and/or the underlying vehicle conditions associated with those recalls (economic-loss cases). Additionally, through January 30, 2015, 20 putative class actions have been filed in various Provincial Courts in Canada seeking similar relief as the U.S.-based cases. In the aggregate, these economic-loss cases seek recovery for purported compensatory damages, including alleged diminution in value of the vehicles, punitive damages, and injunctive and other relief. In addition through January 30, 2015, we are aware of 104 actions pending against GM alleging injury or death as a result of defects that may be the subject of recalls announced in the year ended December 31, 2014, including faulty ignition switches and/or the failure of air bags to properly deploy due to faulty ignition switches (personal injury cases). In the aggregate these personal injury cases seek recovery for purported compensatory damages, punitive damages and other relief.

Since June 2014 the United States Judicial Panel on Multidistrict Litigation has issued orders from time to time directing that certain pending economic-loss and personal injury federal lawsuits involving alleged faulty ignition switches or other defects that may be related to the recalls announced in 2014 be transferred to, and consolidated in, a single federal court, the Southern District of New York (the multidistrict litigation). Through January 30, 2015, 156 cases have been transferred and consolidated as part of the multidistrict litigation. We have requested that various other recently filed federal lawsuits also be transferred and consolidated in the multidistrict litigation. The court in the multidistrict litigation has appointed lead counsel to prosecute the claims on behalf of all plaintiffs in the consolidated cases. On October 14, 2014 lead counsel filed two amended consolidated complaints. Because the majority of plaintiffs in these actions are suing over vehicles manufactured by pre-bankruptcy General Motors Corporation, we are seeking to enforce the terms of the federal Bankruptcy Court’s July 2009 Sale Order and Injunction to preclude liability for any economic loss damages based on vehicles and parts manufactured prior to July 2009. These cases are in their early stages. In addition to the cases pending in the multidistrict litigation, other economic-loss and personal injury cases related to ignition-switch and other alleged defects that may be the subject of recalls in 2014 are pending in various other state and federal courts throughout the country. The cases pending in other state courts include a November 19, 2014 lawsuit filed by the Attorney General for Arizona against GM in Arizona state court alleging claims similar to those alleged in the economic-loss actions discussed above and seeking an injunction, civil penalties and other relief.

Through January 30, 2015 we are aware of two actions that have been filed against GM alleging that GM’s purported concealment of the ignition switch and other defects that have been the subject of recalls in 2014 has diminished the value of other GM vehicles and seeking economic damages under California consumer protection statutes. One of these actions is a putative class action that has been consolidated with the ignition switch putative class actions and transferred to the Southern District of New York. The other action was brought by the Orange County, California district attorney and is pending in California state court. In the aggregate, these actions seek recovery under California consumer protection statutes for economic damages as well as civil penalties, punitive damages, attorneys’ fees and costs.

On March 21, 2014 a putative shareholder class action was filed in the United States District Court for the Eastern District of Michigan against GM and various current and former officers or employees of GM (Pio v. General Motors Company et al.) on behalf of purchasers of GM securities from November 17, 2010 through March 10, 2014. The complaint alleges that defendants made material misstatements and omissions relating to problems with the ignition switch and other matters in SEC filings. Plaintiffs seek unspecified monetary damages, interest and attorneys’ fees and costs. The court appointed the New York State Teachers’ Retirement System as the lead plaintiff. On January 15, 2015 New York State Teachers’ Retirement System filed a Consolidated Class Action Complaint against GM and several current and former officers and employees. The Consolidated Class Action Complaint supersedes the complaint filed March 21, 2014 in this same case.

On March 28, 2014 a shareholder derivative action was filed in the United States District Court for the Eastern District of Michigan against certain current and former GM directors (Hockstein v. Barra, et al.). The complaint alleges breach of fiduciary duty, waste of corporate assets, and unjust enrichment by GM’s directors in connection with monitoring, remediation and disclosure of the issues underlying the ignition switch recall. Between April 9, 2014 and July 22, 2014, similar shareholder derivative actions were filed in the Eastern District of Michigan (Police Retirement System of St. Louis v. Barra, et al.), the Circuit Court for Wayne County, Michigan (Bekkerman v. Barra, et al., Wietschiner, et al. v. Barra, et al.) and the Chancery Court for the State of Delaware (Nash v. Barra, et al., DiStefano v. Barra, et al., Newspaper and Magazine Employees Union v. Barra, et al., Boso v. Solso, et al.). All of these actions seek damages allegedly resulting from defendants’ failure to timely identify, correct and disclose the ignition switch defect, an order compelling implementation of various corporate governance policies and practices and other relief purportedly for the benefit of GM.

With regard to the two above listed shareholder derivative actions pending in the United States District Court for the Eastern District of Michigan against certain current and former GM directors, those actions have been consolidated and we filed a motion to dismiss the consolidated amended complaint on October 9, 2014. On January 11, 2015 the court issued an order suspending further proceedings in the actions and holding our motion to dismiss in abeyance pending disposition of the parallel action currently being litigated in Delaware Chancery Court (In re General Motors Deriv. Litig., C.A. No. 9627-VCG). With regard to that pending litigation in Delaware Chancery Court, the four above listed shareholder derivative actions pending in that court have been consolidated and plaintiffs filed an amended consolidated complaint on October 13, 2014. We filed a motion to dismiss the amended consolidated complaint on December 5, 2014. With regard to the two above listed derivative actions filed in the Circuit Court of Wayne County, Michigan, those actions have been consolidated and stayed pending the federal derivative actions.

We are also the subject of various inquiries, investigations, subpoenas and requests for information from the U.S. Attorney’s Office for the Southern District of New York, Congress, the SEC, Transport Canada and 49 state attorneys general in connection with the 2014 recalls. We are investigating these matters and believe we are cooperating fully with all requests. Such investigations and discussions could in the future result in the imposition of material damages, fines or civil and criminal penalties and other remedies.

We are currently unable to estimate a range of reasonably possible loss for the lawsuits and investigations because these matters involve significant uncertainties at these early stages. These uncertainties include the legal theory or the nature of the claims as well as the complexity of the facts. Although we cannot estimate a reasonable range of loss based on currently available information, the resolution of these matters could have a material adverse effect on our financial position, results of operations or cash flows.

GMCL Dealers' Claim

On February 12, 2010 a claim was filed in the Ontario Superior Court of Justice against General Motors of Canada Limited (GMCL) on behalf of a purported class of over 200 former GMCL dealers (the Plaintiff Dealers) which had entered into wind-down agreements with GMCL. In May 2009 in the context of the global restructuring of the business and the possibility that GMCL might be required to initiate insolvency proceedings, GMCL offered the Plaintiff Dealers the wind-down agreements to assist with their exit from the GMCL dealer network and to facilitate winding down their operations in an orderly fashion by December 31, 2009 or such other date as GMCL approved but no later than on October 31, 2010. The Plaintiff Dealers allege that the Dealer Sales and Service Agreements were wrongly terminated by GMCL and that GMCL failed to comply with certain disclosure obligations, breached its statutory duty of fair dealing and unlawfully interfered with the Plaintiff Dealers' statutory right to associate in an attempt to coerce the Plaintiff Dealers into accepting the wind-down agreements. The Plaintiff Dealers seek damages and assert that the wind-down agreements are rescindable. The Plaintiff Dealers' initial pleading makes reference to a claim “not exceeding” CAD $750 million, without explanation of any specific measure of damages. On March 1, 2011 the court approved certification of a class for the purpose of deciding a number of specifically defined issues including: (1) whether GMCL breached its obligation of "good faith" in offering the wind-down agreements; (2) whether GMCL interfered with the Plaintiff Dealers' rights of free association; (3) whether GMCL was obligated to provide a disclosure statement and/or disclose more specific information regarding its restructuring plans in connection with proffering the wind-down agreements; and (4) assuming liability, whether the Plaintiff Dealers can recover damages in the aggregate (as opposed to proving individual damages). A number of former dealers have opted out of participation in the litigation, leaving 181 dealers in the certified class. Trial of the class issues was completed in the fourth quarter of 2014. We are now awaiting a decision from the Ontario Superior Court. The current prospects for liability are uncertain, but because liability is not deemed probable we have no accrual relating to this litigation. We cannot estimate the range of reasonably possible loss in the event of liability as the case presents a variety of different legal theories, none of which GMCL believes are valid.

UAW Claim

On April 6, 2010 the UAW filed suit against us in the U.S. District Court for the Eastern District of Michigan claiming that we breached our obligation to contribute $450 million to the New VEBA. The UAW alleges that we were contractually required to make this contribution pursuant to the UAW-Delphi-GM Memorandum of Understanding Delphi Restructuring dated June 22, 2007. We believe this claim is without merit. On December 10, 2013 the court granted our motion for summary judgment and dismissed the claims asserted by the UAW, holding that the relevant agreement is unambiguous and does not require the payment sought. The UAW has appealed. On October 9, 2014 the United States Court of Appeals for the Sixth Circuit heard oral arguments. We are now awaiting a decision from the United States Court of Appeals for the Sixth Circuit.

GM Korea Wage Litigation

Commencing on or about September 29, 2010 current and former hourly employees of GM Korea filed eight separate group actions in the Incheon District Court in Incheon, Korea. The cases, which in aggregate involve more than 10,000 employees, allege that GM Korea failed to include bonuses and certain allowances in its calculation of Ordinary Wages due under the Presidential Decree of the Korean Labor Standards Act. On November 23, 2012 the Seoul High Court (an intermediate level appellate court) issued a decision affirming a decision of the Incheon District Court in a case involving five GM Korea employees which was contrary to GM Korea's position. GM Korea appealed to the Supreme Court of the Republic of Korea (Supreme Court) and initiated a constitutional challenge to the adverse interpretation of the relevant statute. In December 2013 the Supreme Court rendered a decision in a case involving another company not affiliated with us which addressed many of the issues presented in the cases pending against GM Korea and resolved many of them in a manner which we believe is favorable to GM Korea. In particular, while the Supreme Court held that fixed bonuses should be included in the calculation of Ordinary Wages, it also held that claims for retroactive application of this rule would be barred under certain circumstances. On May 29, 2014 the Supreme Court rendered its decision with respect to the case involving the five GM Korea employees and remanded the case to the Seoul High Court consistent with its December 2013 ruling. In July 2014 GM Korea and its labor union agreed to include bonuses and certain allowances in ordinary wages retroactively to March 1, 2014. Therefore our accrual related to these cases was reclassified from a contingent liability to the Pensions liability. We estimate our reasonably possible loss, as defined by ASC 450, “Contingencies,” in excess of amounts accrued to be 562 billion South Korean Won (equivalent to $511 million) at December 31, 2014, which relates to periods before March 1, 2014. We are also party to litigation with current and former salaried employees over allegations relating to Ordinary Wages regulation. At December 31, 2014 we have identified a reasonably possible loss in excess of the amount of our accrual of 164 billion South Korean Won (equivalent to $149 million). Both the scope of claims asserted and GM Korea's assessment of any or all of the individual claim elements may change if new information becomes available. These cases are currently pending before various district courts in Korea and the Supreme Court.

Inventory Management Securities Class Action

On June 29, 2012 a putative securities class action was filed against us and a number of our past and current officers and directors in the United States District Court for the Southern District of New York (George G. Scott v. General Motors Company et al). Purporting to sue on behalf of owners of common stock deriving from our 2010 initial public offering, plaintiff asserts non-fraud prospectus based liability claims under various federal securities statutes alleging that the Company has made false statements about its vehicle inventory controls and production decisions, particularly with respect to full-size trucks. The plaintiff's complaint requests compensatory damages, rescission and litigation costs, fees and disbursements. On November 21, 2012 the court appointed the Teamster's Local 710 Pension Fund as lead plaintiff in the matter. On February 1, 2013 the plaintiff filed an amended complaint. On September 4, 2014 the district court granted our motion to dismiss, and dismissed the case with prejudice. Plaintiff filed an appeal.

GM Financial Subpoena

In July 2014 GM Financial was served with a subpoena by the U.S. Department of Justice directing GM Financial to produce certain documents relating to GM Financial’s and its subsidiaries’ and affiliates’ origination and securitization of sub-prime automobile loans since 2007 in connection with an investigation by the U.S. Department of Justice in contemplation of a civil proceeding for potential violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Among other matters, the subpoena requests information relating to the underwriting criteria used to originate these automobile loans and the representations and warranties relating to those underwriting criteria that were made in connection with the securitization of the automobile loans. GM Financial was subsequently served with additional investigative subpoenas to produce documents from state attorneys general and other governmental offices relating to its sub-prime automotive finance business and securitization of sub-prime automobile loans. In October 2014 GM Financial received a document request from the SEC in connection with its investigation into certain practices in sub-prime automobile loan securitization. GM Financial is investigating these matters internally and believes that it is cooperating with all requests. Such investigations could in the future result in the imposition of damages, fines or civil or criminal claims and/or penalties. No assurance can be given that the ultimate outcome of the investigations or any resulting proceedings would not materially and adversely affect GM Financial or any of its subsidiaries and affiliates.

Product Liability

With respect to product liability claims involving our and General Motors Corporation's products, we believe that any judgment against us for actual damages will be adequately covered by our recorded accruals and, where applicable, excess liability insurance coverage. Although punitive damages are claimed in some of these lawsuits and such claims are inherently unpredictable, accruals incorporate historic experience with these types of claims. In addition we indemnify dealers for certain product liability related claims including products sold by General Motors Corporation's dealers. We monitor actual claims experience and make periodic adjustments to our estimates. Liabilities have been recorded in Accrued liabilities and Other liabilities for the expected cost of all known product liability claims plus an estimate of the expected cost for product liability claims that have already been incurred and are expected to be filed in the future for which we are self-insured. In light of recent vehicle recalls it is reasonably possible that our accruals for product liability claims may increase in future periods in material amounts, although we cannot estimate a reasonable range of incremental loss based on currently available information.

Ignition Switch Recall Compensation Program

In the three months ended June 30, 2014 we announced the creation of a compensation program (the Program) to compensate accident victims who died or suffered physical injury (or their families) as a result of a faulty ignition switch related to the 2.6 million vehicles recalled as more fully described in Note 13. It is important to our company that we reach everyone through this Program who has been impacted. The Program is being administered by an independent program administrator. The independent administrator has established a protocol that defines the eligibility requirements to participate in the Program. There is no cap on the amount of payments that can be made to claimants under the Program.

At December 31, 2014 we have an accrual of $315 million recorded in Corporate which represents our best estimate of remaining amounts that may be paid under the Program. However, it is reasonably possible that the liability could exceed our recorded amount by approximately $200 million. The most significant estimates affecting the amount recorded include the number of participants that have eligible claims related to death and physical injury, which also contemplates the severity of injury, the length of hospital stays and related compensation amounts and the number of people who actually elect to participate in the Program. Our estimate is subject to significant uncertainties, as programs of this nature are highly unusual and each eligible claim will have a unique underlying fact pattern. While we do not anticipate material changes to our current estimate, it is possible that material changes could occur should actual eligible claims and the related compensation amounts differ from this estimate. The Program accepted claims from August 1, 2014 through January 31, 2015. Payments to eligible claimants began in the fourth quarter 2014 and will continue through the first half of 2015. Accident victims (or their families) could choose not to participate in the Program and pursue litigation against us. At January 30, 2015 the Program had received 3,810 claims and the independent program administrator has determined 128 claims to be eligible for payment under the Program. Remaining claims are either under review, deficient awaiting further documentation or deemed ineligible. Based on currently available information we believe our accrual at December 31, 2014 is adequate to cover the estimated costs under the Program. At January 30, 2015 we have paid $93 million to eligible claimants under the Program. Accident victims that accept a payment under the Program agree to settle all claims against GM related to the accident.

Environmental Liability

Automotive operations, like operations of other companies engaged in similar businesses, are subject to a wide range of environmental protection laws, including laws regulating air emissions, water discharges, waste management and environmental remediation. Liabilities have been recorded primarily in Other liabilities for the expected costs to be paid over the periods of remediation for the applicable sites, which typically range from five to 30 years.

The final outcome of environmental matters cannot be predicted with certainty at this time. Subsequent adjustments to initial estimates are recorded as necessary based upon additional information obtained. In future periods new laws or regulations, advances in remediation technologies and additional information about the ultimate remediation methodology to be used could significantly change our estimates. It is possible that the resolution of one or more environmental matters could exceed the amounts accrued in an amount that could be material to our financial condition, results of operations and cash flows. At December 31, 2014 we estimate the remediation losses could range from $110 million to $210 million.

Other Matters

Brazil Excise Tax Incentive

In October 2012 the Brazilian government issued a decree which increased an excise tax rate by 30 percentage points, but also provided an offsetting tax incentive that requires participating companies to meet certain criteria, such as local investment and fuel efficiency standards. Participating companies that fail to meet the required criteria are subject to clawback provisions and fines. At December 31, 2014 we believe it is reasonably assured that the program requirements will be met based on the current business model and available technologies.

Korea Fuel Economy Certification

We determined the certified fuel economy ratings on our Cruze 1.8L gasoline vehicles sold in Korea were incorrect. We re-tested and re-certified the Cruze fuel economy ratings which fell below our prior certification and self-reported this issue to local government authorities. We voluntarily announced a customer compensation program for current and previous Cruze owners and recorded an insignificant charge in the three months ended December 31, 2014.

In November 2014 the Korean government released new fuel economy certification guidelines. We are reviewing the impact the new testing guidelines may have on the domestic fuel economy certification ratings of our products.

India Tavera Emissions Compliance

We determined there was an emissions compliance issue with certain Tavera models produced in India. We self-reported this issue in the three months ended September 30, 2013 to local government authorities and are continuing to cooperate. We developed a solution, and while the issue was not safety related, we voluntarily recalled the vehicles to serve our customers. We believe our accrual at December 31, 2014 is adequate to cover the estimated costs of the recalled vehicles.

Noncancelable Operating Leases

The following table summarizes our minimum commitments under noncancelable operating leases having initial terms in excess of one year, primarily for property (dollars in millions):



	2015			2016			2017			2018			2019			Thereafter
Minimum commitments(a)	$	348		$	280		$	196		$	171		$	144		$	396
Sublease income	(53		)	(62		)	(59		)	(56		)	(54		)	(248		)
Net minimum commitments	$	295		$	218		$	137		$	115		$	90		$	148

__________


(a)	Certain of the leases contain escalation clauses and renewal or purchase options.

Rental expense under operating leases was $444 million, $477 million and $474 million in the years ended December 31, 2014, 2013 and 2012.

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes [Text Block]

Income Taxes

The following table summarizes income (loss) before income taxes and equity income (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
U.S. income (loss)	$	1,683	$	4,880	$	(19,063	)
Non-U.S. income (loss)	469		768		(11,194		)
Income (loss) before income taxes and equity income	$	2,152	$	5,648	$	(30,257	)

Income Tax Expense (Benefit)

The following table summarizes Income tax expense (benefit) (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Current income tax expense (benefit)
U.S. federal	$	(23	)	$	(34	)	$	6
U.S. state and local	154			88			78
Non-U.S.	671			512			646
Total current income tax expense	802			566			730
Deferred income tax expense (benefit)
U.S. federal	(581		)	1,049			(28,965		)
U.S. state and local	(60		)	137			(3,415		)
Non-U.S.	67			375			(3,181		)
Total deferred income tax expense (benefit)	(574		)	1,561			(35,561		)
Total income tax expense (benefit)	$	228		$	2,127		$	(34,831	)

Provisions are made for estimated U.S. and non-U.S. income taxes, less available tax credits and deductions, which may be incurred on the remittance of our basis differences in investments in foreign subsidiaries and corporate joint ventures not deemed to be indefinitely reinvested. Taxes have not been provided on basis differences in investments primarily as a result of earnings in foreign subsidiaries and corporate joint ventures which are deemed indefinitely reinvested of $3.0 billion and $2.6 billion at December 31, 2014 and 2013. Additional basis differences related to investments in nonconsolidated China JVs exist of $4.1 billion at December 31, 2014 and 2013 primarily related to fresh-start reporting. Quantification of the deferred tax liability, if any, associated with indefinitely reinvested basis differences is not practicable.

The following table summarizes a reconciliation of Income tax expense (benefit) compared with the amounts at the U.S. federal statutory income tax rate (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Income tax expense (benefit) at U.S. federal statutory income tax rate	$	753		$	1,977		$	(10,590	)
State and local tax expense	73			145			254
Non-U.S. income taxed at other than 35%	(72		)	(168		)	908
Foreign tax credit election change	—			—			(1,075		)
U.S. tax on Non-U.S. income	(8		)	543			713
Change in valuation allowance	(402		)	182			(33,917		)
Change in tax laws	602			146			67
Research incentives	(279		)	(490		)	(68		)
Goodwill impairment	41			124			8,705
Settlements of prior year tax matters	(275		)	(473		)	—
Realization of basis differences in affiliates	(256		)	—			—
Foreign currency remeasurement	124			(21		)	(36		)
U.S. salaried pension plan settlement	—			—			541
Other adjustments	(73		)	162			(333		)
Total income tax expense (benefit)	$	228		$	2,127		$	(34,831	)

Deferred Income Tax Assets and Liabilities

Deferred income tax assets and liabilities at December 31, 2014 and 2013 reflect the effect of temporary differences between amounts of assets, liabilities and equity for financial reporting purposes and the bases of such assets, liabilities and equity as measured by tax laws, as well as tax loss and tax credit carryforwards. The following table summarizes the components of temporary differences and carryforwards that give rise to deferred tax assets and liabilities (dollars in millions):



	December 31, 2014			December 31, 2013
Deferred tax assets
Postretirement benefits other than pensions	$	2,958		$	2,902
Pension and other employee benefit plans	7,503			5,469
Warranties, dealer and customer allowances, claims and discounts	5,512			4,282
Property, plants and equipment	2,323			2,464
Capitalized research expenditures	8,588			7,179
Operating loss and tax credit carryforwards(a)	14,136			19,342
Miscellaneous	3,286			1,663
Total deferred tax assets before valuation allowances	44,306			43,301
Less: valuation allowances	(9,659		)	(10,823		)
Total deferred tax assets	34,647			32,478
Deferred tax liabilities
Intangible assets	416			397
Net deferred tax assets	$	34,231		$	32,081

_________


(a)	Includes operating loss and tax credit carryforwards of $8.9 billion expiring through 2034 and $5.2 billion that may be carried forward indefinitely at December 31, 2014.

At December 31, 2014 and 2013 valuation allowances against deferred tax assets were primarily in GME and South Korea business units and in the U.S. and Canada related primarily to capital loss tax attributes and state operating loss carryforwards.

At December 31, 2014 our European businesses had deferred tax asset valuation allowances of $4.9 billion. As a result of the changes in our European operating structure and improving financial performance in certain jurisdictions, we are experiencing positive evidence trends in certain operations. If these operations generate profits and taxable income in the future, it is reasonably possible our conclusion regarding the need for full valuation allowances could change, resulting in the reversal of significant portions of the valuation allowances. In the quarter in which significant valuation allowances are reversed, we will record a material tax benefit reflecting the reversal, which could result in a negative effective tax rate for both the quarter and full year.

At December 31, 2012 as a result of sustained profitability in the U.S. and Canada evidenced by three years of earnings and the completion of our near- and medium-term business plans in the three months ended December 31, 2012 that forecast continuing profitability, we determined it was more likely than not future earnings will be sufficient to realize deferred tax assets in these two jurisdictions. Accordingly we reversed most of the U.S. and Canadian valuation allowances resulting in non-cash income tax benefits of $33.2 billion and $3.1 billion.

Uncertain Tax Positions

The following table summarizes activity of the total amounts of unrecognized tax benefits (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Beginning balance	$	2,530		$	2,745		$	2,370
Additions to current year tax positions	184			251			112
Additions to prior years' tax positions	149			276			512
Reductions to prior years' tax positions	(603		)	(535		)	(141		)
Reductions in tax positions due to lapse of statutory limitations	(164		)	(73		)	(34		)
Settlements	(138		)	(132		)	(112		)
Other	(81		)	(2		)	38
Ending balance	$	1,877		$	2,530		$	2,745

At December 31, 2014 and 2013 there were $1.2 billion and $1.5 billion of unrecognized tax benefits that if recognized would favorably affect our effective tax rate in the future. In the years ended December 31, 2014, 2013 and 2012 income tax related interest and penalties were insignificant. At December 31, 2014 and 2013 we had liabilities of $246 million and $286 million for income tax related interest and penalties.

In the year ended December 31, 2013 we remeasured a previously disclosed uncertain tax position and recorded a $473 million tax benefit that increased net operating loss carryforwards, reducing future taxable income.

At December 31, 2014 it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits in the next twelve months.

Other Matters

Income tax returns are filed in multiple jurisdictions and are subject to examination by taxing authorities throughout the world. We have open tax years from 2006 to 2014 with various significant tax jurisdictions. These open years contain matters that could be subject to differing interpretations of applicable tax laws and regulations as they relate to the amount, character, timing or inclusion of revenue and expenses or the sustainability of income tax credits for a given audit cycle. Given the global nature of our operations there is a risk that transfer pricing disputes may arise.

We have net operating loss carryforwards in Germany through November 30, 2009 that, as a result of reorganizations that took place in 2008 and 2009, were not recorded as deferred tax assets. Depending on the outcome of European court decisions these loss carryforwards may be available to reduce future taxable income in Germany.

General Motors Corporation was liquidated on December 15, 2011. The IRS has audited the returns through the liquidation date and, in January 2014, the audit of these returns was closed. The reduction to the amount of unrecognized tax benefits was not significant.

In January 2013 the U.S. Congress enacted federal income tax legislation including an extension of the research credit for tax years 2012 and 2013. As a result, in the year ended December 31, 2013 we recorded an income tax benefit related to the 2012 research credit of approximately $200 million.

Restructuring And Other Initiatives

12 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Other Initiatives [Text Block]

Restructuring and Other Initiatives

We have executed various restructuring and other initiatives and we plan to execute additional initiatives in the future, if necessary, in order to align manufacturing capacity and other costs with prevailing global automotive production and to improve the utilization of remaining facilities. To the extent these programs involve voluntary separations, no liabilities are generally recorded until offers to employees are accepted. If employees are involuntarily terminated, a liability is generally recorded at the communication date. Related charges are recorded in Automotive cost of sales and Automotive selling, general and administrative expense.

The following table summarizes the reserves related to restructuring and other initiatives and charges by segment, including postemployment benefit reserves and charges (dollars in millions):



	GMNA			GME			GMIO			GMSA			Total
Balance at January 1, 2012	$	884		$	687		$	1		$	12		$	1,584
Additions, interest accretion and other	140			254			84			92			570
Payments	(304		)	(344		)	(46		)	(55		)	(749		)
Revisions to estimates and effect of foreign currency	(67		)	(7		)	—			(11		)	(85		)
Balance at December 31, 2012(a)	653			590			39			38			1,320
Additions, interest accretion and other	58			202			404			50			714
Payments	(182		)	(299		)	(111		)	(68		)	(660		)
Revisions to estimates and effect of foreign currency	(32		)	10			1			(4		)	(25		)
Balance at December 31, 2013(a)	497			503			333			16			1,349
Additions, interest accretion and other	42			675			213			83			1,013
Payments	(96		)	(329		)	(342		)	(95		)	(862		)
Revisions to estimates and effect of foreign currency	16			(98		)	(38		)	(2		)	(122		)
Balance at December 31, 2014(a)	$	459		$	751		$	166		$	2		$	1,378

__________


(a)	The remaining cash payments related to these reserves for restructuring and other initiatives, including temporary layoff benefits of $354 million, $353 million and $356 million at December 31, 2014, 2013 and 2012 for GMNA, primarily relate to postemployment benefits to be paid.

Year Ended December 31, 2014

Restructuring and other initiatives at GME primarily related to the termination of all vehicle and transmission production at our Bochum, Germany facility. Through December 31, 2014 the active separation programs related to Germany had a total cost of $841 million and had affected a total of 3,560 employees. We completed the separation program at Bochum in December 2014.

Restructuring and other initiatives at GMIO primarily related to separation programs in Australia and Korea, the withdrawal of the Chevrolet brand from Europe and the cessation of manufacturing in Australia. Through December 31, 2014 the active separation programs related to Australia, Korea and Chevrolet Europe locations had a total cost of $514 million and affected a total of 3,380 employees. We expect to complete these programs in 2017 and incur additional restructuring and other charges of $270 million.

Restructuring and other initiatives at GMSA primarily related to completed separation programs in Brazil and an active separation program in Venezuela and through December 31, 2014 had a total cost of $169 million.

Year Ended December 31, 2013

Restructuring and other initiatives primarily related to: (1) cash severance incentive programs for skilled trade U.S. hourly employees and service cost for hourly layoff benefits at GMNA; (2) our plan to terminate all vehicle and transmission production at our Bochum, Germany facility by the end of 2014 which had a total cost of $194 million and had affected a total of 450 employees at GME through December 31, 2013; (3) separation programs in Australia and Korea and programs related to the withdrawal of the Chevrolet brand from Europe, described below, which had a total cost of $420 million and had affected a total of 4,100 employees at GMIO through December 31, 2013; and (4) active separation programs in Brazil which had a total cost of $103 million at GMSA through December 31, 2013.

Year Ended December 31, 2012

Restructuring and other initiatives primarily related to: (1) our 2011 UAW labor agreement, which included cash severance incentive programs that were completed at March 31, 2012 at a total cost of $99 million affecting 1,400 skilled trade U.S. hourly employee participants and increased production capacity utilization in Canada at GMNA; (2) separation and early retirement programs in Germany and the United Kingdom that had a total cost of $400 million and affected a total of 2,550 employees, of which $310 million related to a program initiated in Germany in 2010 at GME; (3) voluntary separation programs in Korea and Australia which had a total cost of $69 million and affected 650 employees at GMIO; and (4) a separation program in Brazil of $87 million at GMSA.

Withdrawal of the Chevrolet Brand from Europe

In December 2013 we announced our plans to focus our marketing and product portfolio on our Opel and Vauxhall brands in Western and Central Europe and cease mainstream distribution of the Chevrolet brand in those markets in 2015. This decision impacts 1,200 Chevrolet dealers and distributors in the affected countries and 480 Chevrolet Europe employees. In the three months ended December 31, 2013 we recorded pre-tax charges of $636 million, net of noncontrolling interests of $124 million. These charges included dealer restructuring costs of $233 million and employee severance costs of $30 million which are reflected in the table above. The remaining charges for intangible asset impairments of $264 million and sales incentive, inventory related and other costs of $233 million are not included in the table above. Refer to Note 11 for additional information on the intangible asset impairment charges.

Manufacturing Operations at Holden

In December 2013 we announced plans to cease vehicle and engine manufacturing and significantly reduce engineering operations at Holden by the end of 2017. Holden will continue to sell imported vehicles through its Holden dealer network and maintain its global design studio. This decision affects 2,900 employees at certain Holden facilities. In the three months ended December 31, 2013 we recorded pre-tax charges of $536 million in Automotive cost of sales consisting primarily of asset impairment charges of $477 million, including property, plant and equipment, which are not included in the table above. The remaining charges relate to exit-related costs, including certain employee severance related costs, of which $59 million are included in the table above. Refer to Note 9 for additional information on the property, plant and equipment impairment charges.

Interest Income and Other Non-Operating Income, net

12 Months Ended

Dec. 31, 2014

Interest and Other Income [Abstract]

Interest Income and Other Non-Operating Income, net [Text Block]

Interest Income and Other Non-Operating Income, net

The following table summarizes the components of Interest income and other non-operating income, net (dollars in millions):



	Years Ended December 31,
	2014		2013			2012
Interest income	$	211	$	246		$	343
Net gains (losses) on derivatives	48		(13		)	(63		)
Dividends and royalties	101		97			98
Foreign currency transaction and remeasurement gains (losses)	378		(154		)	16
Gains (losses) on securities and other investments - realized and unrealized	13		691			(193		)
Deferred income from technology agreements	—		100			114
Other	72		96			530
Total interest income and other non-operating income, net	$	823	$	1,063		$	845

In December 2013 we sold our investment in Ally Financial common stock through a private offering for net proceeds of $880 million and recorded a gain of $483 million.

Stockholders' Equity and Noncontrolling Interests

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity and Noncontrolling Interests [Text Block]

Stockholders’ Equity and Noncontrolling Interests

Preferred and Common Stock

We have 2.0 billion shares of preferred stock and 5.0 billion shares of common stock authorized for issuance. There were no shares of Series A Preferred Stock issued and outstanding at December 31, 2014 and 156 million shares of Series A Preferred Stock issued and outstanding at December 31, 2013. We had 1.6 billion and 1.5 billion shares of common stock issued and outstanding at December 31, 2014 and 2013.

The following table summarizes significant features relating to our preferred and common stock (dollars in millions, except for per share amounts):



	Liquidation Preference Per Share		Dividend Per Annum			Dividends Paid
						Years Ended December 31,
						2014		2013		2012
Series A Preferred Stock	$	25.00	9.00		%	$	1,160	$	1,370	$	621
Series B Preferred Stock	$	50.00	4.75		%			$	237	$	238
Common stock	N/A		$	1.20		$	1,928	$	—	$	—

Series A Preferred Stock

In December 2014 we redeemed all of the remaining outstanding shares of our Series A Preferred Stock at a price equal to the aggregate liquidation amount, including accumulated dividends, of $3.9 billion, which reduced Net income attributable to common stockholders by $809 million and is included within dividends paid in the table above.

In September 2013 we purchased 120 million shares (or 43.5% of the total shares outstanding) of our Series A Preferred Stock held by the New VEBA at a price equal to 108.1% of the aggregate liquidation amount for $3.2 billion. We recorded a loss for the difference between the carrying amount of the Series A Preferred Stock purchased and the consideration paid, which reduced Net income attributable to common stockholders by $816 million and is included within dividends paid in the table above.

Series B Preferred Stock

On December 1, 2013 each of the 100 million shares of our Series B Preferred Stock outstanding automatically converted into 1.3736 shares of our common stock for a total of 137 million common shares. The number of shares of our common stock issued upon mandatory conversion of each share of Series B Preferred Stock was determined based on the average of the closing prices of our common stock over the 40 consecutive trading day period ended November 26, 2013.

Common Stock

Holders of our common stock are entitled to dividends at the sole discretion of our Board of Directors. No common stock dividends were declared or paid prior to 2014. Holders of common stock are entitled to one vote per share on all matters submitted to our stockholders for a vote. The liquidation rights of holders of our common stock are secondary to the payment or provision for payment of all our debts and liabilities and to holders of our preferred stock, if any such shares are then outstanding.

In September 2014 we repurchased 5 million shares of our outstanding common stock at a weighted-average price of $33.69 per share, to offset the dilution from the June 2014 grant of stock incentive awards under the 2014 Long-term Incentive Plan.

In December 2012 we purchased 200 million shares of our common stock from the U.S. Treasury at a price of $27.50 per share for a total of $5.5 billion. The purchase price represented a premium to the prior day's closing price of $25.49. We allocated the purchase price between a direct reduction to stockholders' equity of $5.1 billion and a charge to Automotive selling, general and administrative expense of $402 million representing the premium. These shares were retired and returned to authorized but unissued status. In the year ended December 31, 2012 we issued 1.3 million shares of common stock for the settlement of restricted stock and salary stock awards and 400,000 shares for exercised warrants. Refer to Note 23 for additional information on our stock incentive plans.

Warrants

In July 2009 we issued two tranches of warrants, each to acquire 136 million shares of common stock, to Motors Liquidation Company (MLC) which have all been distributed to creditors of General Motors Corporation and to the Motors Liquidation Company GUC Trust by MLC and one tranche of warrants to acquire 46 million shares of common stock to the New VEBA. The first tranche of MLC warrants is exercisable at any time prior to July 10, 2016 at an exercise price of $10.00 per share and the second tranche of MLC warrants is exercisable at any time prior to July 10, 2019 at an exercise price of $18.33 per share. The New VEBA warrants, which were subsequently sold by the New VEBA, are exercisable at any time prior to December 31, 2015 at an exercise price of $42.31 per share. Upon exercise of the warrants, the shares issued will be included in the number of basic shares outstanding used in the computation of earnings per share. The number of shares of common stock underlying each of the warrants and the per share exercise price are subject to adjustment as a result of certain events, including stock splits, reverse stock splits and stock dividends. The outstanding balance of warrants was 165 million and 293 million at December 31, 2014 and 2013.

Accumulated Other Comprehensive Loss

The following table summarizes the components of Accumulated other comprehensive loss (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Foreign Currency Translation Adjustments
Balance at beginning of period	$	(614	)	$	101		$	215
Other comprehensive loss	(477		)	(722		)	(103		)
Tax expense (benefit)	(4		)	11			—
Other comprehensive loss, net of tax	(473		)	(733		)	(103		)
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax	23			18			(11		)
Balance at end of period	$	(1,064	)	$	(614	)	$	101
Unrealized Gains and Losses on Securities, Net
Balance at beginning of period	$	2		$	41		$	(4	)
Other comprehensive income (loss) before reclassification adjustment	(2		)	133			(140		)
Tax expense (benefit)	(1		)	(6		)	22
Other comprehensive income (loss) before reclassification adjustment, net of tax	(1		)	139			(162		)
Reclassification adjustment	(7		)	(185		)	202
Tax benefit	(3		)	(7		)	(5		)
Reclassification adjustment, net of tax	(4		)	(178		)	207
Other comprehensive income (loss), net of tax	(5		)	(39		)	45
Balance at end of period	$	(3	)	$	2		$	41
Defined Benefit Plans, Net
Balance at beginning of period	$	(2,501	)	$	(8,194	)	$	(6,074	)
Other comprehensive income (loss) before reclassification adjustment - prior service cost or credit	(20		)	6			(53		)
Other comprehensive income (loss) before reclassification adjustment - actuarial gains or losses	(6,457		)	8,673			(3,180		)
Tax expense (benefit)	(1,854		)	3,087			(1,021		)
Other comprehensive income (loss) before reclassification adjustment, net of tax	(4,623		)	5,592			(2,212		)
Reclassification adjustment - prior service cost or credit(a)	22			(128		)	(125		)
Reclassification adjustment - actuarial gains or losses(a)	76			178			229
Tax expense (benefit)(a)	(20		)	(51		)	12
Reclassification adjustment, net of tax(a)	118			101			92
Other comprehensive income (loss), net of tax	(4,505		)	5,693			(2,120		)
Balance at end of period	$	(7,006	)	$	(2,501	)	$	(8,194	)

__________


(a)	Included in the computation of net periodic pension and OPEB (income) expense. Refer to Note 15 for additional information.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Earnings Per Share [Text Block]

Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Basic and diluted earnings per share are computed by dividing Net income attributable to common stockholders by the weighted-average common shares outstanding in the period. Diluted earnings per share is computed by giving effect to all potentially dilutive securities that are outstanding. The following table summarizes basic and diluted earnings per share (in millions, except for per share amounts):



	Years Ended December 31,
	2014			2013			2012
Basic earnings per share
Net income attributable to stockholders	$	3,949		$	5,346		$	6,188
Less: cumulative dividends on preferred stock and charge related to redemption and purchase of preferred stock(a)	(1,145		)	(1,576		)	(859		)
Less: undistributed earnings allocated to Series B Preferred Stock participating security				—			(470		)
Net income attributable to common stockholders	$	2,804		$	3,770		$	4,859

Weighted-average common shares outstanding - basic	1,605			1,393			1,566
Basic earnings per common share	$	1.75		$	2.71		$	3.10
Diluted earnings per share
Net income attributable to stockholders	$	3,949		$	5,346		$	6,188
Add: preferred dividends to holders of Series B Preferred Stock				218			—
Less: cumulative dividends on preferred stock and charge related to redemption and purchase of preferred stock(a)	(1,145		)	(1,576		)	(859		)
Less: undistributed earnings allocated to Series B Preferred Stock participating security				—			(442		)
Less: earnings adjustment for dilutive stock compensation	(18		)
Net income attributable to common stockholders	$	2,786		$	3,988		$	4,887
Weighted-average common shares outstanding - diluted
Weighted-average common shares outstanding - basic	1,605			1,393			1,566
Dilutive effect of warrants and RSUs	82			149			109
Dilutive effect of conversion of Series B Preferred Stock				134			—
Weighted-average common shares outstanding - diluted	1,687			1,676			1,675

Diluted earnings per common share	$	1.65		$	2.38		$	2.92

__________


(a)	Includes earned but undeclared dividends of $15 million and $26 million on our Series A Preferred Stock in the years ended December 31, 2013 and 2012 and $20 million on our Series B Preferred Stock in the year ended December 31, 2012.

Prior to the December 2013 conversion to common shares, holders of the Series B Preferred Stock had a right to participate in our undistributed earnings because a dividend, if declared, would result in a transfer of value to the holder through an adjustment to the fixed conversion ratios according to various anti-dilution provisions. Based on the nature of the Series B Preferred Stock and the nature of these anti-dilution provisions, we concluded that the Series B Preferred Stock was a participating security and, as such, requires the application of the more dilutive of the two-class or if-converted method to calculate earnings per share when the applicable market value of our common stock is below or above the range of $33.00 to $39.60 per common share. The calculation of the applicable market value is applied to the full year, irrespective of the applicable market value computed during the prior quarters of the current year. On the mandatory conversion date of our Series B Preferred Stock, December 1, 2013, the applicable market value of our common stock was within the range of $33.00 to $39.60 per common share and, as such, we applied the if-converted method for purposes of calculating diluted earnings per share in the year ended December 31, 2013. The impact on diluted earnings per share was an increase of $0.13 in the year ended December 31, 2013 using the if-converted as compared to the two-class method.

In the year ended December 31, 2012 we were required to use the two-class method for calculating earnings per share as the applicable market value of our common stock was below $33.00 per common share. Under the two-class method for computing earnings per share, undistributed earnings are allocated to common stock and the Series B Preferred Stock according to their respective participation rights in undistributed earnings, as if all the earnings for the period had been distributed. This allocation to the Series B Preferred Stock holders reduced Net income attributable to common stockholders, resulting in a lower basic and diluted earnings per share amount. The application of the two-class method resulted in an allocation of undistributed earnings to our Series B Preferred Stock holders and, accordingly, 152 million common stock equivalents from the assumed conversion of the Series B Preferred Stock are not considered outstanding for purposes of determining the weighted-average common shares outstanding in the computation of diluted earnings per share for December 31, 2012.

In the years ended December 31, 2014, 2013 and 2012 warrants to purchase 46 million shares were not included in the computation of diluted earnings per share because the warrants' exercise price was greater than the average market price of the common shares.

Stock Incentive Plans

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Incentive Plans [Text Block]

Stock Incentive Plans

Stock incentive plan awards outstanding at December 31, 2014 consist of awards granted under the 2014 Long-Term Incentive Plan, the 2009 Long-Term Incentive Plan and the Salary Stock Plan. The 2014 Long-Term Incentive Plan was approved by stockholders in June 2014 and replaced the 2009 Long-Term Incentive Plan and Salary Stock Plan. These plans are administered by the Executive Compensation Committee of our Board of Directors. The aggregate number of shares with respect to which awards may be granted under the 2014 Long-Term Incentive Plan shall not exceed 60 million. In January 2014 we amended the 2009 Long-Term Incentive Plan and the Salary Stock Plan to provide cash payment, on a going forward basis, of dividend equivalents upon settlement to active employees and certain former employees with outstanding awards as of the amendment date.

Long-Term Incentive Plan

We grant RSUs and PSUs under our 2014 Long-Term Incentive Plan and, prior to our 2014 Long-Term Incentive Plan, RSUs under our 2009 Long-Term Incentive Plan. Shares awarded under the plans are subject to forfeiture if the participant leaves the company for reasons other than those permitted under the plans such as retirement, death or disability. Our policy is to issue new shares upon settlement of RSUs and PSUs.

We granted 8 million, 7 million and 7 million RSUs in the years ended December 31, 2014, 2013 and 2012. These awards either cliff vest or ratably vest generally over a three-year service period, as defined in the terms of each award. Vesting and subsequent settlement will generally occur based upon employment at the end of each specified service period.

We issued 4 million PSUs, equal to the targeted number of shares, in the year ended December 31, 2014. The ultimate number of shares earned will be determined at the end of the specified performance period, which is three years, based on performance criteria determined by the Executive Compensation Committee of the Board of Directors at the time of award. The number of shares earned may equal, exceed or be less than the targeted number of shares depending on whether the performance criteria are met, surpassed or not met. PSU awards generally vest and settle at the end of a three-year period.

Salary Stock Plan

In the years ended December 31, 2013 and 2012 a portion of each participant's salary was accrued on each salary payment date and converted to RSUs on a quarterly basis. In June 2013 we amended the plan to provide for cash or share settlement of awards based on election by the participant. The liability for these awards continues to be remeasured to fair value at the end of each reporting period.

RSUs and PSUs

The following table summarizes information about the RSUs and PSUs under our stock incentive plans (units in millions):



	Shares		Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Term in Years
Units outstanding at January 1, 2014	18.6		$	27.76	1.2
Granted	12.1		$	35.31
Settled	(9.3	)	$	27.85
Forfeited or expired	(1.5	)	$	30.39
Units outstanding at December 31, 2014	19.9		$	32.11	1.3

Units unvested and expected to vest at December 31, 2014	12.7		$	32.91	1.5
Units vested and payable at December 31, 2014	6.7		$	30.49
Units granted in the year ended December 31, 2013			$	29.05
Units granted in the year ended December 31, 2012			$	25.10

The following table summarizes compensation expense recorded for our stock incentive plans (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Compensation expense	$	245	$	311	$	302
Income tax benefit	$	81	$	100	$	100

At December 31, 2014 the total unrecognized compensation expense for nonvested equity awards granted was $247 million. This expense is expected to be recorded over a weighted-average period of 1.5 years. The total fair value of RSUs and PSUs vested in the years ended December 31, 2014, 2013 and 2012 was $221 million, $342 million and $141 million. In the years ended December 31, 2014, 2013 and 2012 total payments for 2.4 million, 3.1 million and 1.6 million RSUs settled under stock incentive plans were $85 million, $94 million and $36 million.

Supplementary Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Supplementary Quarterly Financial Information (Unaudited) [Text Block]

Supplementary Quarterly Financial Information (Unaudited)

The following tables summarize supplementary quarterly financial information (dollars in millions, except per share amounts):



	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2014
Total net sales and revenue	$	37,408	$	39,649	$	39,255	$	39,617
Automotive gross margin	$	2,188	$	2,611	$	3,945	$	4,266
Net income	$	280	$	287	$	1,442	$	2,009
Net income attributable to stockholders	$	213	$	278	$	1,471	$	1,987
Earnings per share, basic	$	0.08	$	0.12	$	0.86	$	0.69
Earnings per share, diluted	$	0.06	$	0.11	$	0.81	$	0.66



	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2013
Total net sales and revenue	$	36,884	$	39,075	$	38,983	$	40,485
Automotive gross margin	$	3,727	$	4,416	$	4,954	$	4,070
Net income	$	1,185	$	1,388	$	1,705	$	1,053
Net income attributable to stockholders	$	1,175	$	1,414	$	1,717	$	1,040
Earnings per share, basic	$	0.63	$	0.87	$	0.50	$	0.64
Earnings per share, diluted	$	0.58	$	0.75	$	0.45	$	0.57

The three months ended December 31, 2014 included the following on a pre-tax basis:


•	Gain on extinguishment of debt of $207 million related to unsecured debt in Brazil in GMSA.


•	Asset impairment charges of $158 million related to our Thailand subsidiary in GMIO.

The three months ended September 30, 2014 included asset impairment charges of $194 million related to Russian subsidiaries in GME on a pre-tax basis.

The three months ended June 30, 2014 included the following on a pre-tax basis:


•	Recall campaign and courtesy transportation charges of $1.1 billion in GMNA.


•	Catch-up adjustment of $874 million related to change in estimate of recall campaigns in GMNA.


•	Charge of $400 million for ignition switch recall compensation program in Corporate.

The three months ended March 31, 2014 included the following on a pre-tax basis:


•	Recall campaign and courtesy transportation charges of $1.3 billion in GMNA.


•	Charge of $419 million for the Venezuela currency devaluation in GMSA.

The three months ended December 31, 2013 included the following on a pre-tax (except tax matters) and pre-noncontrolling interests basis:


•	Benefit from the release of GM Korea wage litigation accruals of $846 million in GMIO.


•	Asset impairment charges of $805 million at Holden and GM India in GMIO.


•	Charges of $745 million related to our plans to cease mainstream distribution of Chevrolet brand in Europe in GMIO.


•	Gain on sale of equity investment in Ally Financial of $483 million in Corporate.


•	Goodwill impairment charges of $481 million in GMIO.


•	Tax benefit of $473 million from remeasurement of uncertain tax position in Corporate.


•	Gain on sale of equity investment in PSA of $152 million in GME.

The three months ended June 30, 2013 included loss on extinguishment of debt of $240 million related to early redemption of preferred shares at GM Korea in GMIO on a pre-tax and pre-noncontrolling interests basis.

The three months ended March 31, 2013 included a charge of $162 million in GMSA for the Venezuela currency devaluation on a pre-tax basis. In the three months ended March 31, 2013 we used the two-class method for calculating earnings per share because Series B Preferred Stock was a participating security.

Segment Reporting

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Reporting [Text Block]

Segment Reporting

We analyze the results of our business through the following segments: GMNA, GME, GMIO, GMSA and GM Financial. The chief operating decision maker evaluates the operating results and performance of our automotive segments through income before interest and income taxes, as adjusted for additional amounts, which is presented net of noncontrolling interests. The chief operating decision maker evaluates GM Financial through income before income taxes-adjusted because he/she believes interest income and interest expense are part of operating results when assessing and measuring the operational and financial performance of the segment. Each segment has a manager responsible for executing our strategies. Our automotive manufacturing operations are integrated within the segments, benefit from broad-based trade agreements and are subject to regulatory requirements, such as CAFE regulations. While not all vehicles within a segment are individually profitable on a fully allocated cost basis, those vehicles are needed in our product mix in order to attract customers to dealer showrooms and to maintain sales volumes for other, more profitable vehicles. Because of these and other factors, we do not manage our business on an individual brand or vehicle basis.

Substantially all of the cars, trucks and parts produced are marketed through retail dealers in North America, and through distributors and dealers outside of North America, the substantial majority of which are independently owned.

In addition to the products sold to dealers for consumer retail sales, cars and trucks are also sold to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. Sales to fleet customers are completed through the network of dealers and in some cases sold directly to fleet customers. Retail and fleet customers can obtain a wide range of aftersale vehicle services and products through the dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties.

GMNA primarily meets the demands of customers in North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands. The demands of customers outside North America are primarily met with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands. We also had equity ownership stakes directly or indirectly in entities through various regional subsidiaries, primarily in Asia. These companies design, manufacture and market vehicles under the Alpheon, Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands.

Our automotive operations' interest income and interest expense are recorded centrally in Corporate. Corporate assets consist primarily of cash and cash equivalents, marketable securities and intercompany balances. All intersegment balances and transactions have been eliminated in consolidation.

The following tables summarize key financial information by segment (dollars in millions):



	At and For the Year Ended December 31, 2014
	GMNA			GME			GMIO			GMSA			Corporate			Eliminations			Total Automotive			GM Financial		Eliminations			Total
Sales
External customers	$	101,199		$	22,235		$	14,392		$	13,115		$	151					$	151,092		$	—	$	—		$	151,092
GM Financial revenue	—			—			—			—			—						—			4,854		(17		)	4,837
Total net sales and revenue	$	101,199		$	22,235		$	14,392		$	13,115		$	151					$	151,092		$	4,854	$	(17	)	$	155,929

Income (loss) before interest and taxes-adjusted	$	6,603		$	(1,369	)	$	1,222		$	(180	)	$	(580	)				$	5,696		$	803	$	(5	)	$	6,494
Adjustments(a)	$	(975	)	$	(245	)	$	(180	)	$	(539	)	$	(400	)				$	(2,339	)	$	12	$	—		(2,327		)
Automotive interest income																											211
Automotive interest expense																											(403		)
Gain on extinguishment of debt																											202
Net income attributable to noncontrolling interests																											69
Income before income taxes																											$	4,246

Equity in net assets of nonconsolidated affiliates	$	88		$	6		$	8,254		$	2		$	—		$	—		$	8,350		$	—	$	—		$	8,350
Total assets	$	92,864		$	10,528		$	22,949		$	10,066		$	24,368		$	(29,041	)	$	131,734		$	47,861	$	(1,918	)	$	177,677
Expenditures for property	$	4,985		$	887		$	681		$	359		$	127		$	—		$	7,039		$	52	$	—		$	7,091
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets	$	4,376		$	627		$	740		$	386		$	75		$	(4	)	$	6,200		$	918	$	—		$	7,118
Equity income (loss)	$	19		$	(45	)	$	2,120		$	—		$	—		$	—		$	2,094		$	—	$	—		$	2,094

__________

(a)

Consists of a catch-up adjustment related to the change in estimate for recall campaigns of $874 million and charges related to flood damage, net of insurance recoveries, of $101 million in GMNA; asset impairment charges of $245 million related to our Russian subsidiaries in GME; asset impairment charges of $158 million related to our Thailand subsidiary in GMIO; Venezuela currency devaluation charges of $419 million and Goodwill impairment charges of $120 million in GMSA; a charge related to the ignition switch recall compensation program of $400 million in Corporate; and other of $10 million.



	At and For the Year Ended December 31, 2013
	GMNA			GME			GMIO			GMSA			Corporate			Eliminations			Total Automotive			GM Financial			Eliminations			Total
Sales
External customers	$	95,091		$	21,962		$	18,411		$	16,478		$	150					$	152,092		$	—		$	—		$	152,092
GM Financial revenue	—			—			—			—			—						—			3,344			(9		)	3,335
Intersegment	8			—			—			—			—						8			—			(8		)	—
Total net sales and revenue	$	95,099		$	21,962		$	18,411		$	16,478		$	150					$	152,100		$	3,344		$	(17	)	$	155,427

Income (loss) before interest and taxes-adjusted	$	7,461		$	(869	)	$	1,255		$	327		$	(494	)				$	7,680		$	898		$	—		$	8,578
Adjustments(a)	$	(100	)	$	153		$	(1,169	)	$	(157	)	$	483					$	(790	)	$	(15	)	$	—		(805		)
Automotive interest income																												246
Automotive interest expense																												(334		)
Loss on extinguishment of debt																												(212		)
Net loss attributable to noncontrolling interests																												(15		)
Income before income taxes																												$	7,458

Equity in net assets of nonconsolidated affiliates	$	74		$	95		$	7,921		$	4		$	—		$	—		$	8,094		$	—		$	—		$	8,094
Total assets	$	87,978		$	11,276		$	22,100		$	11,488		$	26,460		$	(29,252	)	$	130,050		$	38,084		$	(1,790	)	$	166,344
Expenditures for property	$	5,466		$	818		$	724		$	444		$	92		$	5		$	7,549		$	16		$	—		$	7,565
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets	$	4,216		$	426		$	1,786		$	522		$	63		$	(1	)	$	7,012		$	498		$	(10	)	$	7,500
Equity income	$	15		$	34		$	1,760		$	1		$	—		$	—		$	1,810		$	—		$	—		$	1,810

__________

(a)

Consists of pension settlement charges of $56 million and charges related to PSA product development agreement of $49 million in GMNA; gain on sale of equity investment in PSA of $152 million in GME; property and intangible asset impairment charges of $774 million, costs related to the withdrawal of the Chevrolet brand in Europe of $621 million and goodwill impairment charges of $442 million, partially offset by GM Korea hourly wage litigation of $577 million and acquisition of GM Korea preferred shares of $67 million in GMIO, all net of noncontrolling interests; Venezuela currency devaluation charges of $162 million in GMSA; gain on sale of equity investment in Ally Financial of $483 million in Corporate; costs related to the withdrawal of the Chevrolet brand in Europe of $15 million in GM Financial; and income related to various insurance recoveries of $35 million.



	At and For the Year Ended December 31, 2012
	GMNA			GME			GMIO			GMSA		Corporate			Eliminations			Total Automotive			GM Financial			Eliminations			Total
Sales
External customers	$	89,912		$	23,055		$	20,588		$	16,700	$	40					$	150,295		$	—		$	—		$	150,295
GM Financial revenue	—			—			—			—		—						—			1,961			—			1,961
Intersegment	(2		)	—			—			—		—						(2		)	—			2			—
Total net sales and revenue	$	89,910		$	23,055		$	20,588		$	16,700	$	40					$	150,293		$	1,961		$	2		$	152,256

Income (loss) before interest and taxes-adjusted	$	6,470		$	(1,949	)	$	2,538		$	457	$	(400	)				$	7,116		$	744		$	(1	)	$	7,859
Adjustments(a)	$	(29,052	)	$	(6,389	)	$	(290	)	$	27	$	(402	)				$	(36,106	)	$	—		$	—		(36,106		)
Automotive interest income																											343
Automotive interest expense																											(489		)
Loss on extinguishment of debt																											(250		)
Net loss attributable to noncontrolling interests																											(52		)
Loss before income taxes																											$	(28,695	)

Equity in net assets of nonconsolidated affiliates	$	65		$	159		$	6,656		$	3	$	—		$	—		$	6,883		$	—		$	—		$	6,883
Total assets	$	87,100		$	10,475		$	24,147		$	11,958	$	16,991		$	(16,927	)	$	133,744		$	16,368		$	(690	)	$	149,422
Expenditures for property	$	4,766		$	1,075		$	1,185		$	956	$	77		$	(4	)	$	8,055		$	13		$	—		$	8,068
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets	$	3,663		$	6,584		$	624		$	483	$	49		$	(1	)	$	11,402		$	225		$	(10	)	$	11,617
Equity income	$	9		$	35		$	1,517		$	1	$	—		$	—		$	1,562		$	—		$	—		$	1,562
Valuation allowances against deferred tax assets(b)	$	—		$	—		$	—		$	—	$	(36,261	)	$	—		$	(36,261	)	$	(103	)	$	—		$	(36,364	)

__________

(a)

Consists primarily of Goodwill impairment charges of $26.4 billion, pension settlement charges of $2.7 billion and income related to various insurance recoveries of $9 million in GMNA; property impairment charges of $3.7 billion, intangible assets impairment charges of $1.8 billion, goodwill impairment charges of $590 million, impairment charges related to investment in PSA of $220 million, a charge of $119 million to record General Motors Strasbourg S.A.S. assets and liabilities to estimated fair value and income related to various insurance recoveries of $9 million in GME; GM Korea hourly wage litigation charge of $336 million, goodwill impairment charges of $132 million, which are presented net of noncontrolling interests, income related to various insurance recoveries of $110 million and income related to redemption of the GM Korea mandatorily redeemable preferred shares of $68 million in GMIO; income related to various insurance recoveries of $27 million in GMSA; and a charge of $402 million which represents the premium paid to purchase our common stock from the UST in Corporate.


(b)	Includes valuation allowance releases of $36.5 billion net of the establishment of new valuation allowances of $0.1 billion. Amounts exclude changes related to income tax expense (benefits) in jurisdictions with a full valuation allowance throughout the period.

Automotive revenue is attributed to geographic areas based on the country in which our subsidiary is located. Automotive Financing revenue is attributed to the geographic area where the financing is originated. The following table summarizes information concerning principal geographic areas (dollars in millions):



	At and For the Years Ended December 31,
	2014				2013				2012
	Net Sales & Revenue		Long-Lived Assets		Net Sales & Revenue		Long-Lived Assets		Net Sales & Revenue		Long-Lived Assets
Automotive
U.S.	$	93,559	$	18,813	$	88,784	$	15,844	$	85,105	$	13,520
Non-U.S.	57,533		12,355		63,308		12,289		65,190		12,425
GM Financial
U.S.	2,549		5,477		2,233		2,472		1,832		1,112
Non-U.S.	2,288		1,755		1,102		1,043		129		590
Total consolidated	$	155,929	$	38,400	$	155,427	$	31,648	$	152,256	$	27,647

No individual country other than the U.S. represented more than 10% of our total Net sales and revenue or Long-lived assets.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Supplemental Cash Flow Information [Abstract]

Supplemental Information for the Consolidated Statements of Cash Flows

12 Months Ended

Dec. 31, 2014

Supplemental Information for the Consolidated Statements of Cash Flows [Text Block]

Supplemental Information for the Consolidated Statements of Cash Flows

The following table summarizes the sources (uses) of cash provided by Change in other operating assets and liabilities and cash paid for income taxes and interest (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Accounts receivable	$	(1,248	)	$	8		$	(460	)
Purchases of wholesale receivables, net	(2,000		)	—			—
Inventories	(309		)	59			(326		)
Automotive equipment on operating leases	(1,949		)	(968		)	370
Change in other assets	(213		)	(563		)	(312		)
Accounts payable	19			(485		)	162
Income taxes payable	(145		)	(161		)	155
Accrued liabilities and other liabilities	6,089			784			1,041
Total	$	244		$	(1,326	)	$	630
Cash paid for income taxes and interest
Cash paid for income taxes	$	947		$	727		$	575
Cash paid for interest (net of amounts capitalized) - Automotive	$	301		$	299		$	335
Cash paid for interest (net of amounts capitalized) - GM Financial	1,120			760			298
Total cash paid for interest (net of amounts capitalized)	$	1,421		$	1,059		$	633

Nature Of Operations and Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2014
Nature of Operations and Basis of Presentation [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements are prepared in conformity with U.S. GAAP. All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts were reclassified to conform to our current year presentation. In the three months ended March 31, 2014 we changed our managerial and financial reporting structure to reclassify the results of our Russian subsidiaries previously reported in our GMIO segment to our GME segment. We have retrospectively revised the segment presentation for all periods presented. Refer to Note 25 for additional information on our segment reporting. We consolidate entities that we control due to ownership of a majority voting interest and we consolidate variable interest entities (VIEs) when we have variable interests and are the primary beneficiary. We continually evaluate our involvement with VIEs to determine when these criteria are met. 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. We use the cost method of accounting if we are not able to exercise significant influence over the operating and financial decisions of the affiliate.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of the Financial Statements Accounting estimates are an integral part of the consolidated financial statements. These estimates require the use of judgments and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses in the periods presented. We believe that the accounting estimates employed are appropriate and the resulting balances are reasonable; however, due to the inherent uncertainties in making estimates actual results could differ from the original estimates, requiring adjustments to these balances in future periods. Change in Accounting Estimate We historically accrued estimated costs related to recall campaigns in GMNA when they are probable and reasonably estimable, which typically occurs once it is determined a specific recall campaign is needed and announced. During the three months ended June 30, 2014, following the significant increase in the number of vehicles subject to recall in GMNA, the results of our ongoing comprehensive safety review, additional engineering analysis, the creation of a new Global Product Integrity organization, the appointment of a new Global Vice President of Vehicle Safety responsible for the safety development of our vehicle systems and our overall commitment to customer satisfaction, we accumulated sufficient historical data in GMNA to support the use of an actuarial-based estimation technique for recall campaigns. As such we now accrue at the time of vehicle sale in GMNA the costs for recall campaigns. Based on expanded historical data, we recorded a catch-up adjustment of $874 million in Automotive cost of sales in the three months ended June 30, 2014 to adjust the estimate for recall costs for previously sold vehicles. In other geographical regions the historical claims data did not support the application of an actuarial-based model; therefore, recall campaigns are accrued when probable and reasonably estimable, which typically occurs once it is determined a specific recall campaign is needed and announced.

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Automotive

Automotive Financing - GM Financial

Advertising and Promotion, Policy [Policy Text Block]

Advertising and Promotion Expenditures

Research and Development Expenditures, Policy [Policy Text Block]

Research and Development Expenditures

Cash Equivalents, Policy [Policy Text Block]

Cash Equivalents

Cash equivalents are defined as short-term, highly-liquid investments with original maturities of 90 days or less.

Allowance for Doubtful Accounts [Policy Text Block]

Allowance for Doubtful Accounts



	Years Ended December 31,
	2014			2013			2012
Balance at beginning of period	$	344		$	311		$	331
Amounts charged (credited) to costs and expenses	50			61			(10		)
Deductions	(8		)	(24		)	(46		)
Effect of foreign currency and other	(46		)	(4		)	36
Balance at end of period	$	340		$	344		$	311

Fair Value Measurements, Policy [Policy Text Block]

Fair Value Measurements


•	Level 1 - Quoted prices for identical instruments in active markets;


•	Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations whose significant inputs are observable; and


•	Level 3 - Instruments whose significant inputs are unobservable.

Financial instruments are transferred in and/or out of Level 1, 2 or 3 at the beginning of the accounting period in which there is a change in the valuation inputs.

Marketable Securities, Policy [Policy Text Block]

Marketable Securities

Finance Receivable, Policy [Policy Text Block]

Finance Receivables

Pre-Acquisition Consumer Finance Receivables

Post-Acquisition Consumer Finance Receivables and Allowance for Loan Losses

Post-acquisition finance receivables originated since the acquisitions of GM Financial and the Ally Financial international operations are carried at amortized cost, net of allowance for loan losses.

Inventory, Policy [Policy Text Block]

Inventory

Equipment on Operating Leases, net, Policy [Policy Text Block]

Equipment on Operating Leases, net

Depreciation expense and impairment charges related to Equipment on operating leases, net are recorded in Automotive cost of sales or GM Financial operating and other expenses.

Valuation of Cost and Equity Method Investments, Policy [Policy Text Block]

Valuation of Cost and Equity Method Investments

Property, net, Policy [Policy Text Block]

Property, net

Special Tools

Goodwill, Policy [Policy Text Block]

Goodwill

Intangible Assets, net Policy [Policy Text Block]

Intangible Assets, net

Valuation of Long-Lived Assets, Policy [Policy Text Block]

Valuation of Long-Lived Assets

Pension and Other Postretirement Plans, Policy [Policy Text Block]

Pension and OPEB Plans

Attribution, Methods and Assumptions

Plan Asset Valuation

Cash Equivalents and Other Short-Term Investments

Common and Preferred Stock

Fixed Income Securities

Investment Funds, Private Equity and Debt Investments and Real Estate Investments

Derivatives

Other Employee Benefits Policy [Policy Text Block]

Job Security Programs and Extended Disability Benefits

Stock Incentive Plans, Policy [Policy Text Block]

Stock Incentive Plans

Policy, Product Warranty and Recall Campaigns, Policy [Policy Text Block]

Policy, Product Warranty and Recall Campaigns

Income Taxes, Policy [Policy Text Block]

Income Taxes

Foreign Currency Transactions and Translation, Policy [Policy Text Block]

Foreign Currency Transactions and Translation

New Accounting Pronouncements, Policy [Policy Text Block]

Accounting Standards Not Yet Adopted

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Automotive [Member]

Allowance for Doubtful Accounts [Table Text Block]

The following table summarizes activity in our allowance for doubtful accounts and notes receivable related to our automotive operations (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Balance at beginning of period	$	344		$	311		$	331
Amounts charged (credited) to costs and expenses	50			61			(10		)
Deductions	(8		)	(24		)	(46		)
Effect of foreign currency and other	(46		)	(4		)	36
Balance at end of period	$	340		$	344		$	311

Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2014

Marketable Securities [Abstract]

Available-for-sale Securities [Table Text Block]

The following table summarizes information regarding marketable securities (dollars in millions):



	Fair Value Level	December 31, 2014				December 31, 2013
	Fair Value Level	Cost		Fair Value		Cost		Fair Value
Cash and cash equivalents
Available-for-sale securities
U.S. government and agencies	2	$	1,600	$	1,600	$	1,437	$	1,437
Sovereign debt	2	774		774		515		515
Money market funds	1	2,480		2,480		1,262		1,262
Corporate debt	2	6,036		6,036		7,598		7,598
Total available-for-sale securities		$	10,890	10,890		$	10,812	10,812
Trading securities
Sovereign debt	2			431				—
Corporate debt	2			—				25
Total trading securities				431				25
Total marketable securities classified as cash equivalents				11,321				10,837
Cash, cash equivalents and time deposits				7,633				9,184
Total cash and cash equivalents				$	18,954			$	20,021
Marketable securities
Available-for-sale securities
U.S. government and agencies	2	$	5,957	$	5,957	$	5,343	$	5,344
Corporate debt	2	2,000		1,998		1,889		1,891
Total available-for-sale securities		$	7,957	7,955		$	7,232	7,235
Trading securities – sovereign debt	2			1,267				1,737
Total marketable securities				$	9,222			$	8,972
Restricted cash and marketable securities
Available-for-sale securities
Money market funds	1	$	1,381	$	1,381	$	897	$	897
Other	2	45		46		34		35
Total marketable securities classified as restricted cash and marketable securities		$	1,426	1,427		$	931	932
Restricted cash and cash equivalents and time deposits				846				1,144
Total restricted cash and marketable securities				$	2,273			$	2,076

Trading Securities (and Certain Trading Assets) [Table Text Block]

The following table summarizes information regarding marketable securities (dollars in millions):



	Fair Value Level	December 31, 2014				December 31, 2013
	Fair Value Level	Cost		Fair Value		Cost		Fair Value
Cash and cash equivalents
Available-for-sale securities
U.S. government and agencies	2	$	1,600	$	1,600	$	1,437	$	1,437
Sovereign debt	2	774		774		515		515
Money market funds	1	2,480		2,480		1,262		1,262
Corporate debt	2	6,036		6,036		7,598		7,598
Total available-for-sale securities		$	10,890	10,890		$	10,812	10,812
Trading securities
Sovereign debt	2			431				—
Corporate debt	2			—				25
Total trading securities				431				25
Total marketable securities classified as cash equivalents				11,321				10,837
Cash, cash equivalents and time deposits				7,633				9,184
Total cash and cash equivalents				$	18,954			$	20,021
Marketable securities
Available-for-sale securities
U.S. government and agencies	2	$	5,957	$	5,957	$	5,343	$	5,344
Corporate debt	2	2,000		1,998		1,889		1,891
Total available-for-sale securities		$	7,957	7,955		$	7,232	7,235
Trading securities – sovereign debt	2			1,267				1,737
Total marketable securities				$	9,222			$	8,972
Restricted cash and marketable securities
Available-for-sale securities
Money market funds	1	$	1,381	$	1,381	$	897	$	897
Other	2	45		46		34		35
Total marketable securities classified as restricted cash and marketable securities		$	1,426	1,427		$	931	932
Restricted cash and cash equivalents and time deposits				846				1,144
Total restricted cash and marketable securities				$	2,273			$	2,076

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes information regarding marketable securities (dollars in millions):



	Fair Value Level	December 31, 2014				December 31, 2013
	Fair Value Level	Cost		Fair Value		Cost		Fair Value
Cash and cash equivalents
Available-for-sale securities
U.S. government and agencies	2	$	1,600	$	1,600	$	1,437	$	1,437
Sovereign debt	2	774		774		515		515
Money market funds	1	2,480		2,480		1,262		1,262
Corporate debt	2	6,036		6,036		7,598		7,598
Total available-for-sale securities		$	10,890	10,890		$	10,812	10,812
Trading securities
Sovereign debt	2			431				—
Corporate debt	2			—				25
Total trading securities				431				25
Total marketable securities classified as cash equivalents				11,321				10,837
Cash, cash equivalents and time deposits				7,633				9,184
Total cash and cash equivalents				$	18,954			$	20,021
Marketable securities
Available-for-sale securities
U.S. government and agencies	2	$	5,957	$	5,957	$	5,343	$	5,344
Corporate debt	2	2,000		1,998		1,889		1,891
Total available-for-sale securities		$	7,957	7,955		$	7,232	7,235
Trading securities – sovereign debt	2			1,267				1,737
Total marketable securities				$	9,222			$	8,972
Restricted cash and marketable securities
Available-for-sale securities
Money market funds	1	$	1,381	$	1,381	$	897	$	897
Other	2	45		46		34		35
Total marketable securities classified as restricted cash and marketable securities		$	1,426	1,427		$	931	932
Restricted cash and cash equivalents and time deposits				846				1,144
Total restricted cash and marketable securities				$	2,273			$	2,076

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table summarizes the amortized cost and the fair value of investments classified as available-for-sale by contractual maturity at December 31, 2014 (dollars in millions):



	Amortized Cost		Fair Value
Due in one year or less	$	14,461	$	14,461
Due after one year through five years	1,951		1,950
Total contractual maturities of available-for-sale securities	$	16,412	$	16,411

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

GM Financial Receivables, net (Tables) - GM Financial [Member]

12 Months Ended

Dec. 31, 2014

Finance Receivables, Net [Table Text Block]

The following table summarizes the components of consumer and commercial finance receivables, net (dollars in millions):



	December 31, 2014									December 31, 2013
	Consumer			Commercial			Total			Consumer			Commercial			Total
Pre-acquisition finance receivables, outstanding amount	$	508		$	—		$	508		$	1,294		$	—		$	1,294
Pre-acquisition finance receivables, carrying amount	$	459		$	—		$	459		$	1,174		$	—		$	1,174
Post-acquisition finance receivables, net of fees	25,164			7,606			32,770			21,956			6,050			28,006
Finance receivables	25,623			7,606			33,229			23,130			6,050			29,180
Less: allowance for loan losses	(655		)	(40		)	(695		)	(497		)	(51		)	(548		)
GM Financial receivables, net	$	24,968		$	7,566		$	32,534		$	22,633		$	5,999		$	28,632

Fair value of GM Financial receivables, net							$	33,106								$	28,668

Allowance for loan losses classified as current at December 31, 2014 and 2013 were $529 million and $427 million.

Allowance for Doubtful Accounts [Table Text Block]

The following table summarizes activity for the allowance for loan losses on consumer and commercial finance receivables (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Balance at beginning of period	$	548		$	351		$	179
Provision for loan losses	604			475			304
Charge-offs	(914		)	(643		)	(304		)
Recoveries	470			362			172
Effect of foreign currency	(13		)	3			—
Balance at end of period	$	695		$	548		$	351

Consumer Finance Receivable [Member]

Consumer Finance Receivables Delinquency [Table Text Block]

The following table summarizes the contractual amount of delinquent contracts, which is not significantly different than the recorded investment of the consumer finance receivables (dollars in millions):



	December 31, 2014				December 31, 2013
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31-to-60 days delinquent	$	1,083	4.2	%	$	952	4.1	%
Greater-than-60 days delinquent	432		1.7	%	408		1.7	%
Total finance receivables more than 30 days delinquent	1,515		5.9	%	1,360		5.8	%
In repossession	40		0.2	%	41		0.2	%
Total finance receivables more than 30 days delinquent or in repossession	$	1,555	6.1	%	$	1,401	6.0	%

Troubled Debt Restructurings on Finance Receivables [Table Text Block]

The following table summarizes the outstanding recorded investment for consumer finance receivables that are considered to be TDRs and the related allowance (dollars in millions):



	December 31, 2014			December 31, 2013
Outstanding recorded investment	$	1,234		$	767
Less: allowance for loan losses	(172		)	(103		)
Outstanding recorded investment, net of allowance	$	1,062		$	664

Unpaid principal balance	$	1,255		$	779

Commercial Finance Receivables [Member]

Finance Receivables Credit Quality [Table Text Block]

The following table summarizes the credit risk profile by dealer grouping of the commercial finance receivables (dollars in millions):



	December 31, 2014		December 31, 2013
Group I - Dealers with superior financial metrics	$	1,050	$	549
Group II - Dealers with strong financial metrics	2,022		1,460
Group III - Dealers with fair financial metrics	2,599		1,982
Group IV - Dealers with weak financial metrics	1,173		1,462
Group V - Dealers warranting special mention due to potential weaknesses	524		385
Group VI - Dealers with loans classified as substandard, doubtful or impaired	238		212
	$	7,606	$	6,050

Inventories (Tables)

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Components of Inventory [Table Text Block]

The following table summarizes the components of Inventories (dollars in millions):



	December 31, 2014		December 31, 2013
Productive material, supplies and work in process	$	5,380	$	5,872
Finished product, including service parts	8,262		8,167
Total inventories	$	13,642	$	14,039

Equipment on Operating Leases, net (Tables) - Vehicles [Member]

12 Months Ended

Dec. 31, 2014

Automotive [Member]

Property Subject to or Available for Operating Lease [Line Items]

Schedule of Equipment on Operating Leases [Table Text Block]

The following tables summarize information related to Equipment on operating leases, net (dollars in millions):



	December 31, 2014			December 31, 2013
Equipment on operating leases	$	3,822		$	2,605
Less: accumulated depreciation	(258		)	(207		)
Equipment on operating leases, net	$	3,564		$	2,398

Schedule Of Equipment on Operating Leases Depreciation and Impairment [Table Text Block]



	Years Ended December 31,
	2014		2013		2012
Depreciation expense	$	507	$	218	$	227
Impairment charges	$	155	$	168	$	181

GM Financial [Member]

Property Subject to or Available for Operating Lease [Line Items]

Schedule of Equipment on Operating Leases [Table Text Block]

The following table summarizes GM Financial equipment on operating leases, net (dollars in millions):



	December 31, 2014			December 31, 2013
GM Financial equipment on operating leases	$	8,268		$	4,025
Less: accumulated depreciation	(1,208		)	(642		)
GM Financial equipment on operating leases, net	$	7,060		$	3,383

Schedule of Future Minimum Rental Payments Receivable for Operating Leases [Table Text Block]

The following table summarizes minimum rental payments due to GM Financial as lessor under operating leases (dollars in millions):



	2015		2016		2017		2018		2019
Minimum rental receipts under operating leases	$	1,241	$	1,019	$	597	$	98	$	5

Equity In Net Assets Of Nonconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Income [Table Text Block]

The following table summarizes information regarding Equity income (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
China JVs	$	2,066	$	1,763	$	1,521
Others	28		47		41
Total equity income	$	2,094	$	1,810	$	1,562

Schedule of Equity Method Investments [Table Text Block]

The following table summarizes our direct ownership interests in China JVs:



	December 31, 2014		December 31, 2013
Shanghai General Motors Co., Ltd. (SGM)	50	%	50	%
Shanghai GM Norsom Motor Co., Ltd. (SGM Norsom)	25	%	25	%
Shanghai GM Dong Yue Motors Co., Ltd. (SGM DY)	25	%	25	%
Shanghai GM Dong Yue Powertrain (SGM DYPT)	25	%	25	%
SAIC-GM-Wuling Automobile Co., Ltd.	44	%	44	%
FAW-GM Light Duty Commercial Vehicle Co., Ltd.	50	%	50	%
Pan Asia Technical Automotive Center Co., Ltd.	50	%	50	%
Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar)	40	%	40	%
Shanghai Chengxin Used Car Operation and Management Co., Ltd. (Shanghai Chengxin Used Car)	33	%	33	%
SAIC General Motors Sales Co., Ltd. (SGMS)	49	%	49	%

Carrying Amount of Investments in Nonconsolidated Affiliates [Table Text Block]

The following table summarizes the carrying amount of investments in nonconsolidated affiliates (dollars in millions):



	December 31, 2014		December 31, 2013
China JVs	$	8,140	$	7,851
Other investments	210		243
Total equity in net assets of nonconsolidated affiliates	$	8,350	$	8,094

Summarized Financial Data for Nonconsolidated Affiliates [Table Text Block]

The following tables present summarized financial data for nonconsolidated affiliates (dollars in millions):



	December 31, 2014						December 31, 2013
	China JVs		Others		Total		China JVs		Others		Total
Summarized Balance Sheet Data
Current assets	$	15,442	$	2,636	$	18,078	$	14,666	$	2,234	$	16,900
Non-current assets	9,758		1,507		11,265		8,187		1,458		9,645
Total assets	$	25,200	$	4,143	$	29,343	$	22,853	$	3,692	$	26,545

Current liabilities	$	16,141	$	2,179	$	18,320	$	14,019	$	1,859	$	15,878
Non-current liabilities	931		495		1,426		1,065		511		1,576
Total liabilities	$	17,072	$	2,674	$	19,746	$	15,084	$	2,370	$	17,454

Non-controlling interests	$	1,043	$	3	$	1,046	$	1,040	$	—	$	1,040



	Years Ended December 31,
	2014		2013		2012
Summarized Operating Data
China JVs' net sales	$	43,853	$	38,767	$	33,364
Others' net sales	3,171		1,830		3,963
Total net sales	$	47,024	$	40,597	$	37,327

China JVs' net income	$	4,312	$	3,685	$	3,198
Others' net income (loss)	91		50		(23		)
Total net income	$	4,403	$	3,735	$	3,175

Equity Method Investee [Member]

Schedule of Equity Method Investments [Line Items]

Transactions with Nonconsolidated Affiliates [Table Text Block]

The following tables summarize transactions with nonconsolidated affiliates (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Automotive sales and revenue	$	2,762	$	2,724	$	2,572
Automotive purchases, net	$	311	$	724	$	497
Interest income and other non-operating income, net	$	23	$	19	$	184
Operating cash flows	$	4,321	$	3,607	$	3,385



	December 31, 2014		December 31, 2013
Accounts and notes receivable, net	$	706	$	756
Accounts payable	$	205	$	183

Property, net (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment [Table Text Block]

The following table summarizes the components of Property, net (dollars in millions):



	Estimated Useful Lives in Years	December 31, 2014			December 31, 2013
Land		$	1,695		$	1,868
Buildings and improvements	5-40	5,236			4,971
Machinery and equipment	3-27	16,788			15,222
Construction in progress		4,114			2,644
Real estate, plants and equipment		27,833			24,705
Less: accumulated depreciation		(8,067		)	(6,787		)
Real estate, plants and equipment, net		19,766			17,918
Special tools, net	1-15	7,977			7,949
Total property, net		$	27,743		$	25,867

Depreciation Amortization and Impairment on Property Plant and Equipment [Table Text Block]

The following table summarizes depreciation, amortization and impairment charges related to Property, net (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Depreciation and amortization expense	$	4,187	$	3,959	$	3,888
Impairment charges(a)	709		901		3,793
Depreciation, amortization and impairment charges	$	4,896	$	4,860	$	7,681

Capitalized software amortization expense(b)	$	295	$	244	$	209

__________

(a)


(b)	Included in total depreciation, impairment charges and amortization expense.

Property, Plant and Equipment [Member] | Level 3 [Member]

Property, Plant and Equipment [Line Items]

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

The following table summarizes the significant Level 3 inputs for real and personal property measurements:



	Valuation Technique(s)	Unobservable Input(s)	Range
GM India personal property	Market approach	Economic obsolescence(a)	72% - 100%
Holden real property	Income approach	Holding period(b)	0 - 3 years
		Discount rate(c)	11% - 12%
GME real property	Market approach	Demolition costs(d)	6% - 23%
	Cost approach	Holding period(b)	0 - 4 years
	Income approach	Discount rate(c)	11.2% - 14.5%
GME personal property	Market approach	Physical deterioration(e)	52% - 69%
	Cost approach	Functional obsolescence(f)	8% - 28%
		Economic obsolescence(a)	17% - 23%

__________


(a)	Represents estimated loss in asset value caused by factors external to the asset such as legislative enactments, changes in use, social change and change in supply and demand.


(b)	Represents estimated marketing period for each property which dictates the amount of property specific holding costs to be incurred such as real estate taxes.


(c)	Represents the discount rate for the specific property based on local market sources and available benchmarking data.


(d)	Represents estimated gross cost to demolish and clear the structures on the property as a percentage of replacement cost new.


(e)	Represents estimated loss in asset value due to wear and tear, action of the elements and other physical factors that reduce the life and serviceability of the asset.


(f)	Represents estimated loss in asset value caused by inefficiencies and inadequacies of the asset itself.

Goodwill (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill [Abstract]

Schedule of Goodwill [Table Text Block]

The following table summarizes the changes in the carrying amounts of Goodwill (dollars in millions):



	Automotive			GM Financial		Total
Balance at January 1, 2013	$	695		$	1,278	$	1,973
Impairment charges	(541		)	—		(541		)
Goodwill from business combinations(a)	10			144		154
Effect of foreign currency and other	(26		)	—		(26		)
Balance at December 31, 2013	138			1,422		1,560
Impairment charges	(120		)	—		(120		)
Effect of foreign currency and other	(18		)	5		(13		)
Balance at December 31, 2014	$	—		$	1,427	$	1,427

Accumulated impairment charges at January 1, 2013	$	(29,897	)	$	—	$	(29,897	)
Accumulated impairment charges at December 31, 2013	$	(30,438	)	$	—	$	(30,438	)
Accumulated impairment charges at December 31, 2014	$	(30,558	)	$	—	$	(30,558	)

_________


(a)	Refer to Note 3 for additional information concerning the acquisitions.

Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items]

Summary of Components of Intangible Assets, net [Table Text Block]

The following table summarizes the components of Intangible assets, net (dollars in millions):



	December 31, 2014						December 31, 2013
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology and intellectual property	$	8,193	$	7,744	$	449	$	8,210	$	7,308	$	902
Brands	4,447		683		3,764		4,466		559		3,907
Dealer network and customer relationships	1,094		434		660		1,108		364		744
Favorable contracts and other	345		331		14		345		326		19
Total amortizing intangible assets	14,079		9,192		4,887		14,129		8,557		5,572
Nonamortizing in process research and development	96				96		96				96
Total intangible assets	$	14,175	$	9,192	$	4,983	$	14,225	$	8,557	$	5,668

Summary of Amortization Expense and Impairment Charges Related to Intangible Assets [Table Text Block]

The following table summarizes the amortization expense and impairment charges related to Intangible assets, net (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Amortization expense	$	676	$	1,281	$	1,568
Impairment charges	$	16	$	523	$	1,755

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following table summarizes estimated amortization expense related to Intangible assets, net in each of the next five years (dollars in millions):



	2015		2016		2017		2018		2019
Estimated amortization expense	$	332	$	311	$	306	$	302	$	205

Brands [Member] | Level 3 [Member] | GME [Member]

Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items]

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

The following table summarizes the significant Level 3 inputs for brand intangible assets measurements:

__________


(a)	Represents estimated savings realized from owning the asset or having the royalty-free right to use the asset.


(b)	Represents WACC adjusted for perceived business risks related to these intangible assets.

Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2014

Consolidated VIE [Member] | GM Financial [Member]

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities [Table Text Block]

The following table summarizes the assets and liabilities related to GM Financial's consolidated VIEs prior to intercompany eliminations (dollars in millions):



	December 31, 2014		December 31, 2013
Restricted cash	$	1,721	$	1,523
Securitized Assets	$	27,704	$	23,584
Securitization notes payable and other credit facilities	$	22,794	$	19,448

Accrued Liabilities and Other Liabilities [Abstract]

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Accrued Liabilities and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Accrued Liabilities and Other Liabilities[Table Text Block]

The following table summarizes the components of Accrued liabilities and Other liabilities (dollars in millions):



	December 31, 2014		December 31, 2013
Current
Dealer and customer allowances, claims and discounts	$	8,035	$	7,919
Deposits primarily from rental car companies	6,089		4,713
Deferred revenue	1,622		1,276
Product warranty and related liabilities	3,582		2,721
Payrolls and employee benefits excluding postemployment benefits	2,144		2,285
Other	6,712		5,719
Total accrued liabilities	$	28,184	$	24,633
Non-current
Deferred revenue	$	1,556	$	1,249
Product warranty and related liabilities	6,064		4,880
Employee benefits excluding postemployment benefits	1,049		1,192
Postemployment benefits including facility idling reserves	1,259		1,216
Other	4,154		4,816
Total other liabilities	$	14,082	$	13,353

Product Warranty and Related Liabilities

The following table summarizes activity for product warranty and related liabilities which include policy, product warranty, recall campaigns and courtesy transportation (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Beginning balance	$	7,601		$	7,633		$	7,031
Warranties issued and assumed in period - recall campaigns and courtesy transportation	2,910			640			775
Warranties issued and assumed in period - policy and warranty	2,540			2,757			2,840
Payments	(4,326		)	(3,240		)	(3,575		)
Adjustments to pre-existing warranties	1,187			49			504
Effect of foreign currency and other	(266		)	(238		)	58
Ending balance	$	9,646		$	7,601		$	7,633

Short-Term and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Interest Expense [Table Text Block]

The following table summarizes interest expense (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Automotive	$	403	$	334	$	489
Automotive Financing - GM Financial	1,426		715		283
Total interest expense	$	1,829	$	1,049	$	772

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table summarizes contractual maturities including capital leases at December 31, 2014 (dollars in millions):



	Automotive		Automotive Financing(a)		Total
2015	$	503	$	14,491	$	14,994
2016	174		9,177		9,351
2017	511		7,255		7,766
2018	1,600		2,666		4,266
2019	109		1,860		1,969
Thereafter	7,194		2,000		9,194
	$	10,091	$	37,449	$	47,540

________


(a)	Secured debt, credit facilities and other unsecured debt are based on expected payoff date. Senior notes principal amounts are based on maturity.

Automotive [Member]

Debt carrying amount and fair value [Table Text Block]

The following table summarizes the components of our short-term and long-term debt (dollars in millions):



	December 31, 2014			December 31, 2013
Secured debt	$	237		$	320
Unsecured debt	8,205			5,852
Capital leases	968			965
Total automotive debt(a)	$	9,410		$	7,137

Fair value of automotive debt	$	9,799		$	6,837
Available under credit facility agreements	$	12,026		$	10,404
Interest rate range on outstanding debt(b)	0.0-18.0%			0.0-19.0%
Weighted-average interest rate on outstanding short-term debt(b)	6.4		%	9.0		%
Weighted-average interest rate on outstanding long-term debt(b)	4.3		%	3.8		%

__________


(a)	Net of a $681 million and $765 million net discount at December 31, 2014 and 2013.


(b)	Includes coupon rates on debt denominated in various foreign currencies and interest free loans.

GM Financial [Member]

Debt carrying amount and fair value [Table Text Block]

The following table summarizes the carrying amount and fair value of debt (dollars in millions):



	December 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt	$	25,214	$	25,228	$	22,073	$	22,170
Unsecured debt	12,217		12,479		6,973		7,078
Total GM Financial debt	$	37,431	$	37,707	$	29,046	$	29,248

Pensions And Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plan Disclosure [Line Items]

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

The following table summarizes the change in benefit obligations and related plan assets (dollars in millions):



	Year Ended December 31, 2014												Year Ended December 31, 2013
	Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Change in benefit obligations
Beginning benefit obligation	$	71,480		$	27,528		$	5,110		$	1,238		$	82,110		$	29,301		$	6,271		$	1,528
Service cost	247			358			13			10			298			394			24			13
Interest cost	3,060			1,031			218			55			2,837			1,010			217			57
Amendments	—			17			—			—			—			(4		)	—			(4		)
Actuarial (gains) losses	7,770			3,179			331			117			(7,661		)	(1,009		)	(757		)	(210		)
Benefits paid	(5,779		)	(1,699		)	(376		)	(50		)	(5,719		)	(1,683		)	(422		)	(53		)
Foreign currency translation adjustments	—			(2,536		)	—			(108		)	—			(528		)	—			(98		)
Curtailments, settlements and other	(54		)	19			(7		)	74			(385		)	47			(223		)	5
Ending benefit obligation	76,724			27,897			5,289			1,336			71,480			27,528			5,110			1,238
Change in plan assets
Beginning fair value of plan assets	64,166			14,986			—			—			68,085			15,541			—			—
Actual return on plan assets	7,346			1,893			—			—			2,107			988			—			—
Employer contributions	143			770			354			48			128			886			393			51
Benefits paid	(5,779		)	(1,699		)	(376		)	(50		)	(5,719		)	(1,683		)	(422		)	(53		)
Foreign currency translation adjustments	—			(1,232		)	—			—			—			(692		)	—			—
Settlements and other	(53		)	(49		)	22			2			(435		)	(54		)	29			2
Ending fair value of plan assets	65,823			14,669			—			—			64,166			14,986			—			—
Ending funded status	$	(10,901	)	$	(13,228	)	$	(5,289	)	$	(1,336	)	$	(7,314	)	$	(12,542	)	$	(5,110	)	$	(1,238	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	111		$	—		$	—		$	—		$	137		$	—		$	—
Current liabilities	(69		)	(383		)	(338		)	(58		)	(131		)	(379		)	(368		)	(83		)
Non-current liabilities	(10,832		)	(12,956		)	(4,951		)	(1,278		)	(7,183		)	(12,300		)	(4,742		)	(1,155		)
Net amount recorded	$	(10,901	)	$	(13,228	)	$	(5,289	)	$	(1,336	)	$	(7,314	)	$	(12,542	)	$	(5,110	)	$	(1,238	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial gain (loss)	$	452		$	(5,019	)	$	(859	)	$	(83	)	$	4,747		$	(3,379	)	$	(542	)	$	47
Net prior service (cost) credit	35			(57		)	16			72			38			(87		)	19			91
Total recorded in Accumulated other comprehensive loss	$	487		$	(5,076	)	$	(843	)	$	(11	)	$	4,785		$	(3,466	)	$	(523	)	$	138

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

The following table summarizes the change in benefit obligations and related plan assets (dollars in millions):



	Year Ended December 31, 2014												Year Ended December 31, 2013
	Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Change in benefit obligations
Beginning benefit obligation	$	71,480		$	27,528		$	5,110		$	1,238		$	82,110		$	29,301		$	6,271		$	1,528
Service cost	247			358			13			10			298			394			24			13
Interest cost	3,060			1,031			218			55			2,837			1,010			217			57
Amendments	—			17			—			—			—			(4		)	—			(4		)
Actuarial (gains) losses	7,770			3,179			331			117			(7,661		)	(1,009		)	(757		)	(210		)
Benefits paid	(5,779		)	(1,699		)	(376		)	(50		)	(5,719		)	(1,683		)	(422		)	(53		)
Foreign currency translation adjustments	—			(2,536		)	—			(108		)	—			(528		)	—			(98		)
Curtailments, settlements and other	(54		)	19			(7		)	74			(385		)	47			(223		)	5
Ending benefit obligation	76,724			27,897			5,289			1,336			71,480			27,528			5,110			1,238
Change in plan assets
Beginning fair value of plan assets	64,166			14,986			—			—			68,085			15,541			—			—
Actual return on plan assets	7,346			1,893			—			—			2,107			988			—			—
Employer contributions	143			770			354			48			128			886			393			51
Benefits paid	(5,779		)	(1,699		)	(376		)	(50		)	(5,719		)	(1,683		)	(422		)	(53		)
Foreign currency translation adjustments	—			(1,232		)	—			—			—			(692		)	—			—
Settlements and other	(53		)	(49		)	22			2			(435		)	(54		)	29			2
Ending fair value of plan assets	65,823			14,669			—			—			64,166			14,986			—			—
Ending funded status	$	(10,901	)	$	(13,228	)	$	(5,289	)	$	(1,336	)	$	(7,314	)	$	(12,542	)	$	(5,110	)	$	(1,238	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	111		$	—		$	—		$	—		$	137		$	—		$	—
Current liabilities	(69		)	(383		)	(338		)	(58		)	(131		)	(379		)	(368		)	(83		)
Non-current liabilities	(10,832		)	(12,956		)	(4,951		)	(1,278		)	(7,183		)	(12,300		)	(4,742		)	(1,155		)
Net amount recorded	$	(10,901	)	$	(13,228	)	$	(5,289	)	$	(1,336	)	$	(7,314	)	$	(12,542	)	$	(5,110	)	$	(1,238	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial gain (loss)	$	452		$	(5,019	)	$	(859	)	$	(83	)	$	4,747		$	(3,379	)	$	(542	)	$	47
Net prior service (cost) credit	35			(57		)	16			72			38			(87		)	19			91
Total recorded in Accumulated other comprehensive loss	$	487		$	(5,076	)	$	(843	)	$	(11	)	$	4,785		$	(3,466	)	$	(523	)	$	138

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]



	December 31, 2014				December 31, 2013
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
ABO	$	76,702	$	27,425	$	71,461	$	27,069
Plans with ABO in excess of plan assets
ABO	$	76,702	$	26,510	$	71,461	$	25,897
Fair value of plan assets	$	65,823	$	13,638	$	64,166	$	13,663
Plans with PBO in excess of plan assets
PBO	$	76,724	$	26,935	$	71,480	$	26,788
Fair value of plan assets	$	65,823	$	13,643	$	64,166	$	14,109

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]



	December 31, 2014				December 31, 2013
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
ABO	$	76,702	$	27,425	$	71,461	$	27,069
Plans with ABO in excess of plan assets
ABO	$	76,702	$	26,510	$	71,461	$	25,897
Fair value of plan assets	$	65,823	$	13,638	$	64,166	$	13,663
Plans with PBO in excess of plan assets
PBO	$	76,724	$	26,935	$	71,480	$	26,788
Fair value of plan assets	$	65,823	$	13,643	$	64,166	$	14,109

Schedule of Net Benefit Costs [Table Text Block]

The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations (dollars in millions):



	Year Ended December 31, 2014												Year Ended December 31, 2013												Year Ended December 31, 2012
	Pension Benefits						Other Benefits						Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Components of expense
Service cost	$	380		$	389		$	13		$	10		$	395		$	425		$	24		$	13		$	590		$	411		$	23		$	16
Interest cost	3,060			1,031			218			55			2,837			1,010			217			57			4,055			1,110			234			63
Expected return on plan assets	(3,914		)	(873		)	—			—			(3,562		)	(823		)	—			—			(5,029		)	(870		)	—			—
Amortization of prior service cost (credit)	(4		)	17			(2		)	(14		)	(4		)	19			(116		)	(14		)	(1		)	1			(116		)	(12		)
Recognized net actuarial loss	(91		)	154			14			(6		)	6			208			85			6			2			35			52			6
Curtailments, settlements and other	(1		)	3			—			—			(77		)	(6		)	(62		)	—			2,580			71			—			11
Net periodic expense (income)	$	(570	)	$	721		$	243		$	45		$	(405	)	$	833		$	148		$	62		$	2,197		$	758		$	193		$	84
Weighted-average assumptions used to determine benefit obligations
Discount rate	3.73		%	3.14		%	3.80		%	3.99		%	4.46		%	4.10		%	4.52		%	4.71		%	3.59		%	3.70		%	3.68		%	3.97		%
Rate of compensation increase(a)	N/A			2.85		%	N/A			4.21		%	N/A			2.90		%	N/A			4.21		%	N/A			2.77		%	4.50		%	4.21		%
Weighted-average assumptions used to determine net expense
Discount rate	4.46		%	4.10		%	4.52		%	4.71		%	3.59		%	3.69		%	3.69		%	3.97		%	4.06		%	4.45		%	4.24		%	4.31		%
Expected rate of return on plan assets	6.53		%	6.28		%	N/A			N/A			5.77		%	5.70		%	N/A			N/A			6.18		%	6.20		%	N/A			N/A
Rate of compensation increase(a)	N/A			2.90		%	N/A			4.21		%	N/A			2.77		%	4.50		%	4.21		%	4.50		%	3.15		%	4.50		%	4.21		%

_________


(a)	As a result of ceasing the accrual of additional benefits for salaried plan participants, the rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.

Schedule of Assumptions Used [Table Text Block]

The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations (dollars in millions):



	Year Ended December 31, 2014												Year Ended December 31, 2013												Year Ended December 31, 2012
	Pension Benefits						Other Benefits						Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Components of expense
Service cost	$	380		$	389		$	13		$	10		$	395		$	425		$	24		$	13		$	590		$	411		$	23		$	16
Interest cost	3,060			1,031			218			55			2,837			1,010			217			57			4,055			1,110			234			63
Expected return on plan assets	(3,914		)	(873		)	—			—			(3,562		)	(823		)	—			—			(5,029		)	(870		)	—			—
Amortization of prior service cost (credit)	(4		)	17			(2		)	(14		)	(4		)	19			(116		)	(14		)	(1		)	1			(116		)	(12		)
Recognized net actuarial loss	(91		)	154			14			(6		)	6			208			85			6			2			35			52			6
Curtailments, settlements and other	(1		)	3			—			—			(77		)	(6		)	(62		)	—			2,580			71			—			11
Net periodic expense (income)	$	(570	)	$	721		$	243		$	45		$	(405	)	$	833		$	148		$	62		$	2,197		$	758		$	193		$	84
Weighted-average assumptions used to determine benefit obligations
Discount rate	3.73		%	3.14		%	3.80		%	3.99		%	4.46		%	4.10		%	4.52		%	4.71		%	3.59		%	3.70		%	3.68		%	3.97		%
Rate of compensation increase(a)	N/A			2.85		%	N/A			4.21		%	N/A			2.90		%	N/A			4.21		%	N/A			2.77		%	4.50		%	4.21		%
Weighted-average assumptions used to determine net expense
Discount rate	4.46		%	4.10		%	4.52		%	4.71		%	3.59		%	3.69		%	3.69		%	3.97		%	4.06		%	4.45		%	4.24		%	4.31		%
Expected rate of return on plan assets	6.53		%	6.28		%	N/A			N/A			5.77		%	5.70		%	N/A			N/A			6.18		%	6.20		%	N/A			N/A
Rate of compensation increase(a)	N/A			2.90		%	N/A			4.21		%	N/A			2.77		%	4.50		%	4.21		%	4.50		%	3.15		%	4.50		%	4.21		%

_________


(a)	As a result of ceasing the accrual of additional benefits for salaried plan participants, the rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.

Schedule of Expected Benefit Payments [Table Text Block]

The following table summarizes net benefit payments expected to be paid in the future, which include assumptions related to estimated future employee service (dollars in millions):



	Pension Benefits(a)				Other Benefits
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
2015	$	5,616	$	1,530	$	344	$	59
2016	$	5,572	$	1,570	$	331	$	63
2017	$	5,380	$	1,558	$	322	$	61
2018	$	5,239	$	1,458	$	313	$	63
2019	$	5,128	$	1,448	$	307	$	65
2020 - 2024	$	23,754	$	7,136	$	1,470	$	348

__________


(a)	Benefits for most U.S. pension plans and certain non-U.S. pension plans are paid out of plan assets rather than our Cash and cash equivalents.

Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of contributions to employee benefit plans

The following table summarizes contributions made to the defined benefit pension plans (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
U.S. hourly and salaried	$	143	$	128	$	2,420
Non-U.S.	770		886		855
Total	$	913	$	1,014	$	3,275

Schedules of Fair Value of Plan Assets by Asset Class and Target Allocations [Table Text Block]

The following table summarizes the target allocations by asset category for U.S. and non-U.S. defined benefit pension plans:



	December 31, 2014				December 31, 2013
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
Equity	16	%	27	%	19	%	28	%
Debt	60	%	47	%	58	%	49	%
Other(a)	24	%	26	%	23	%	23	%
Total	100	%	100	%	100	%	100	%

__________


(a)	Primarily includes private equity, real estate and absolute return strategies which mainly consist of hedge funds.

Assets and Fair Value Measurements

The following tables summarize the fair value of U.S. defined benefit pension plan assets by asset class (dollars in millions):



	December 31, 2014											December 31, 2013
	Level 1			Level 2			Level 3		Total			Level 1			Level 2			Level 3			Total
Assets
Cash equivalents and other short-term investments	$	—		$	42		$	—	$	42		$	—		$	411		$	—		$	411
Common and preferred stocks	10,033			30			3		10,066			10,234			70			6			10,310
Government and agency debt securities(a)	—			16,143			—		16,143			—			14,971			—			14,971
Corporate and other debt securities(b)	—			22,725			83		22,808			—			20,647			130			20,777
Investment funds(c)	70			910			5,221		6,201			99			1,018			5,174			6,291
Private equity and debt investments(d)	—			—			5,909		5,909			—			—			6,335			6,335
Real estate investments(e)	560			2			3,608		4,170			390			4			4,127			4,521
Other investments	—			—			65		65			—			—			62			62
Derivative assets	55			313			1		369			17			157			—			174
Total assets	10,718			40,165			14,890		65,773			10,740			37,278			15,834			63,852
Liabilities
Derivative liabilities	(23		)	(496		)	—		(519		)	(22		)	(311		)	(6		)	(339		)
Net plan assets subject to leveling	$	10,695		$	39,669		$	14,890	65,254			$	10,718		$	36,967		$	15,828		63,513
Other plan assets and liabilities(f)									569												653
Net Plan Assets									$	65,823											$	64,166

The following tables summarize the fair value of non-U.S. defined benefit pension plan assets by asset class (dollars in millions):



	December 31, 2014										December 31, 2013
	Level 1		Level 2			Level 3		Total			Level 1			Level 2			Level 3		Total
Assets
Cash equivalents and other short-term investments	$	—	$	207		$	—	$	207		$	—		$	156		$	—	$	156
Common and preferred stocks	1,959		3			—		1,962			1,816			6			—		1,822
Government and agency debt securities(a)	—		3,614			—		3,614			—			3,418			—		3,418
Corporate and other debt securities(b)	—		1,986			—		1,986			—			2,475			14		2,489
Investment funds(c)	101		3,409			889		4,399			128			3,529			745		4,402
Private equity and debt investments(d)	—		—			509		509			—			—			430		430
Real estate investments(e)	20		4			1,263		1,287			13			12			1,405		1,430
Other investments	—		—			722		722			—			—			618		618
Derivative assets	17		24			—		41			3			44			—		47
Total assets	2,097		9,247			3,383		14,727			1,960			9,640			3,212		14,812
Liabilities
Derivative liabilities	—		(44		)	—		(44		)	(12		)	(56		)	—		(68		)
Net plan assets subject to leveling	$	2,097	$	9,203		$	3,383	14,683			$	1,948		$	9,584		$	3,212	14,744
Other plan assets and liabilities(f)								(14		)									242
Net Plan Assets								$	14,669										$	14,986

__________


(a)	Includes U.S. and sovereign government and agency issues.


(b)	Includes mortgage and asset-backed securities.


(c)	U.S. and non-U.S. Level 3 assets consist primarily of funds of hedge funds. Non-U.S. Level 2 assets consist primarily of equity and fixed income funds.


(d)	Includes private equity investment funds.


(e)	Includes investment funds and public real estate investment trusts.


(f)	Cash held by the plans, net of amounts receivable/payable for unsettled security transactions and payables for investment manager fees, custody fees and other expenses.

Schedules of U.S. and Non-US Pension Level 3 Plan Assets Rollforward [Table Text Block]

The following tables summarize the activity for U.S. defined benefit pension plan net assets measured at fair value using Level 3 inputs (dollars in millions):



	Balance at January 1, 2014			Net Realized/Unrealized Gains (Losses)			Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3			Balance at December 31, 2014		Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2014
Common and preferred stocks	$	6		$	2		$	(5	)	$	—		$	3	$	—
Corporate and other debt securities	130			—			(41		)	(6		)	83		(4		)
Investment funds	5,174			231			(184		)	—			5,221		208
Private equity and debt investments	6,335			651			(1,077		)	—			5,909		27
Real estate investments	4,127			251			(770		)	—			3,608		68
Other investments	62			5			(2		)	—			65		5
Derivatives, net	(6		)	(4		)	11			—			1		—
Total net assets	$	15,828		$	1,136		$	(2,068	)	$	(6	)	$	14,890	$	304



	Balance at January 1, 2013			Net Realized/Unrealized Gains (Losses)			Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3		Balance at December 31, 2013			Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2013
Common and preferred stocks	$	19		$	3		$	(16	)	$	—	$	6		$	1
Corporate and other debt securities	182			6			(58		)	—		130			(3		)
Investment funds	4,959			552			(337		)	—		5,174			537
Private equity and debt investments	6,400			926			(991		)	—		6,335			436
Real estate investments	4,335			458			(666		)	—		4,127			190
Other investments	63			(2		)	1			—		62			(2		)
Derivatives, net	(8		)	2			—			—		(6		)	1
Total net assets	$	15,950		$	1,945		$	(2,067	)	$	—	$	15,828		$	1,160

The following tables summarize the activity for non-U.S. defined benefit pension plan assets measured at fair value using Level 3 inputs (dollars in millions):



	Balance at January 1, 2014		Net Realized/Unrealized Gains (Losses)		Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3		Effect of Foreign Currency			Balance at December 31, 2014		Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2014
Corporate and other debt securities	$	14	$	—	$	(13	)	$	—	$	(1	)	$	—	$	—
Investment funds	745		103		111			—		(70		)	889		103
Private equity and debt investments	430		100		20			—		(41		)	509		75
Real estate investments	1,405		48		(84		)	—		(106		)	1,263		44
Other investments	618		92		72			—		(60		)	722		76
Total assets	$	3,212	$	343	$	106		$	—	$	(278	)	$	3,383	$	298



	Balance at January 1, 2013		Net Realized/Unrealized Gains (Losses)			Purchases, Sales and Settlements, Net			Transfers Into/Out of Level 3		Effect of Foreign Currency			Balance at December 31, 2013		Change in Unrealized Gains/(Losses) Attributable to Assets Held at December 31, 2013
Corporate and other debt securities	$	5	$	1		$	7		$	1	$	—		$	14	$	1
Investment funds	641		110			27			—		(33		)	745		112
Private equity and debt investments	381		73			3			—		(27		)	430		53
Real estate investments	1,422		103			(57		)	—		(63		)	1,405		122
Other investments	665		(10		)	(43		)	—		6			618		4
Total assets	$	3,114	$	277		$	(63	)	$	1	$	(117	)	$	3,212	$	292

OPEB Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of contributions to employee benefit plans

The following table summarizes contributions to the U.S. OPEB plans (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
Employer contributions	$	354	$	393	$	432
Plan participants' contributions	22		29		4
Total contributions	$	376	$	422	$	436

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Schedule of Guarantor Obligations [Table Text Block]

The following tables summarize information related to commitments and contingencies (dollars in millions):



	December 31, 2014				December 31, 2013
	Liability Recorded		Maximum Liability(a)		Liability Recorded		Maximum Liability(a)
Guarantees
Third-party commercial loans and other obligations(b)	$	37	$	197	$	51	$	15,616
Other product-related claims	$	51	$	2,458	$	54	$	1,317

__________


(a)	Calculated as future undiscounted payments.


(b)	Includes liabilities recorded of $10 million and maximum liabilities of $15.3 billion related to Ally Financial repurchase obligations at December 31, 2013.

Commitment and Contingencies [Table Text Block]



	Liability Recorded
	December 31, 2014		December 31, 2013
Other litigation-related liability and tax administrative matters	$	1,000	$	1,227
Product liability	$	732	$	690
Ignition switch recall compensation program	$	315
Credit card programs(a)
Redemption liability(b)	$	87	$	183
Deferred revenue(c)	$	263	$	295
Environmental liability	$	133	$	154
Asset retirement obligations	$	146	$	159

__________


(a)	Credit card programs offer rebates that can be applied primarily against the purchase or lease of our vehicles. At December 31, 2014 and 2013 qualified cardholders had rebates available, net of deferred program revenue, of approximately $2.3 billion and $2.6 billion.


(b)	Recorded in Accrued liabilities.


(c)	Recorded in Other liabilities.

Schedule of Future Minimum Commitments for Operating Leases [Table Text Block]

The following table summarizes our minimum commitments under noncancelable operating leases having initial terms in excess of one year, primarily for property (dollars in millions):



	2015			2016			2017			2018			2019			Thereafter
Minimum commitments(a)	$	348		$	280		$	196		$	171		$	144		$	396
Sublease income	(53		)	(62		)	(59		)	(56		)	(54		)	(248		)
Net minimum commitments	$	295		$	218		$	137		$	115		$	90		$	148

__________


(a)	Certain of the leases contain escalation clauses and renewal or purchase options.

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14472-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12021-110248

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14453-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12053-110248

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14394-108349

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14326-108349

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14557-108349

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14615-108349

Schedule of Income before Income Tax and Equity Income [Table Text Block]

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

The following table summarizes income (loss) before income taxes and equity income (dollars in millions):



	Years Ended December 31,
	2014		2013		2012
U.S. income (loss)	$	1,683	$	4,880	$	(19,063	)
Non-U.S. income (loss)	469		768		(11,194		)
Income (loss) before income taxes and equity income	$	2,152	$	5,648	$	(30,257	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following table summarizes Income tax expense (benefit) (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Current income tax expense (benefit)
U.S. federal	$	(23	)	$	(34	)	$	6
U.S. state and local	154			88			78
Non-U.S.	671			512			646
Total current income tax expense	802			566			730
Deferred income tax expense (benefit)
U.S. federal	(581		)	1,049			(28,965		)
U.S. state and local	(60		)	137			(3,415		)
Non-U.S.	67			375			(3,181		)
Total deferred income tax expense (benefit)	(574		)	1,561			(35,561		)
Total income tax expense (benefit)	$	228		$	2,127		$	(34,831	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table summarizes a reconciliation of Income tax expense (benefit) compared with the amounts at the U.S. federal statutory income tax rate (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Income tax expense (benefit) at U.S. federal statutory income tax rate	$	753		$	1,977		$	(10,590	)
State and local tax expense	73			145			254
Non-U.S. income taxed at other than 35%	(72		)	(168		)	908
Foreign tax credit election change	—			—			(1,075		)
U.S. tax on Non-U.S. income	(8		)	543			713
Change in valuation allowance	(402		)	182			(33,917		)
Change in tax laws	602			146			67
Research incentives	(279		)	(490		)	(68		)
Goodwill impairment	41			124			8,705
Settlements of prior year tax matters	(275		)	(473		)	—
Realization of basis differences in affiliates	(256		)	—			—
Foreign currency remeasurement	124			(21		)	(36		)
U.S. salaried pension plan settlement	—			—			541
Other adjustments	(73		)	162			(333		)
Total income tax expense (benefit)	$	228		$	2,127		$	(34,831	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The following table summarizes the components of temporary differences and carryforwards that give rise to deferred tax assets and liabilities (dollars in millions):



	December 31, 2014			December 31, 2013
Deferred tax assets
Postretirement benefits other than pensions	$	2,958		$	2,902
Pension and other employee benefit plans	7,503			5,469
Warranties, dealer and customer allowances, claims and discounts	5,512			4,282
Property, plants and equipment	2,323			2,464
Capitalized research expenditures	8,588			7,179
Operating loss and tax credit carryforwards(a)	14,136			19,342
Miscellaneous	3,286			1,663
Total deferred tax assets before valuation allowances	44,306			43,301
Less: valuation allowances	(9,659		)	(10,823		)
Total deferred tax assets	34,647			32,478
Deferred tax liabilities
Intangible assets	416			397
Net deferred tax assets	$	34,231		$	32,081

_________


(a)	Includes operating loss and tax credit carryforwards of $8.9 billion expiring through 2034 and $5.2 billion that may be carried forward indefinitely at December 31, 2014.

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following table summarizes activity of the total amounts of unrecognized tax benefits (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Beginning balance	$	2,530		$	2,745		$	2,370
Additions to current year tax positions	184			251			112
Additions to prior years' tax positions	149			276			512
Reductions to prior years' tax positions	(603		)	(535		)	(141		)
Reductions in tax positions due to lapse of statutory limitations	(164		)	(73		)	(34		)
Settlements	(138		)	(132		)	(112		)
Other	(81		)	(2		)	38
Ending balance	$	1,877		$	2,530		$	2,745

Restructuring And Other Initiatives (Tables)

12 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs [Table Text Block]

The following table summarizes the reserves related to restructuring and other initiatives and charges by segment, including postemployment benefit reserves and charges (dollars in millions):



	GMNA			GME			GMIO			GMSA			Total
Balance at January 1, 2012	$	884		$	687		$	1		$	12		$	1,584
Additions, interest accretion and other	140			254			84			92			570
Payments	(304		)	(344		)	(46		)	(55		)	(749		)
Revisions to estimates and effect of foreign currency	(67		)	(7		)	—			(11		)	(85		)
Balance at December 31, 2012(a)	653			590			39			38			1,320
Additions, interest accretion and other	58			202			404			50			714
Payments	(182		)	(299		)	(111		)	(68		)	(660		)
Revisions to estimates and effect of foreign currency	(32		)	10			1			(4		)	(25		)
Balance at December 31, 2013(a)	497			503			333			16			1,349
Additions, interest accretion and other	42			675			213			83			1,013
Payments	(96		)	(329		)	(342		)	(95		)	(862		)
Revisions to estimates and effect of foreign currency	16			(98		)	(38		)	(2		)	(122		)
Balance at December 31, 2014(a)	$	459		$	751		$	166		$	2		$	1,378

__________


(a)	The remaining cash payments related to these reserves for restructuring and other initiatives, including temporary layoff benefits of $354 million, $353 million and $356 million at December 31, 2014, 2013 and 2012 for GMNA, primarily relate to postemployment benefits to be paid.

Interest Income and Other Non-Operating Income, net (Tables)

12 Months Ended

Dec. 31, 2014

Interest and Other Income [Abstract]

Interest and Other Income [Table Text Block]

The following table summarizes the components of Interest income and other non-operating income, net (dollars in millions):



	Years Ended December 31,
	2014		2013			2012
Interest income	$	211	$	246		$	343
Net gains (losses) on derivatives	48		(13		)	(63		)
Dividends and royalties	101		97			98
Foreign currency transaction and remeasurement gains (losses)	378		(154		)	16
Gains (losses) on securities and other investments - realized and unrealized	13		691			(193		)
Deferred income from technology agreements	—		100			114
Other	72		96			530
Total interest income and other non-operating income, net	$	823	$	1,063		$	845

Stockholders' Equity and Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class [Table Text Block]

The following table summarizes significant features relating to our preferred and common stock (dollars in millions, except for per share amounts):



	Liquidation Preference Per Share		Dividend Per Annum			Dividends Paid
						Years Ended December 31,
						2014		2013		2012
Series A Preferred Stock	$	25.00	9.00		%	$	1,160	$	1,370	$	621
Series B Preferred Stock	$	50.00	4.75		%			$	237	$	238
Common stock	N/A		$	1.20		$	1,928	$	—	$	—

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table summarizes the components of Accumulated other comprehensive loss (dollars in millions):



	Years Ended December 31,
	2014			2013			2012
Foreign Currency Translation Adjustments
Balance at beginning of period	$	(614	)	$	101		$	215
Other comprehensive loss	(477		)	(722		)	(103		)
Tax expense (benefit)	(4		)	11			—
Other comprehensive loss, net of tax	(473		)	(733		)	(103		)
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax	23			18			(11		)
Balance at end of period	$	(1,064	)	$	(614	)	$	101
Unrealized Gains and Losses on Securities, Net
Balance at beginning of period	$	2		$	41		$	(4	)
Other comprehensive income (loss) before reclassification adjustment	(2		)	133			(140		)
Tax expense (benefit)	(1		)	(6		)	22
Other comprehensive income (loss) before reclassification adjustment, net of tax	(1		)	139			(162		)
Reclassification adjustment	(7		)	(185		)	202
Tax benefit	(3		)	(7		)	(5		)
Reclassification adjustment, net of tax	(4		)	(178		)	207
Other comprehensive income (loss), net of tax	(5		)	(39		)	45
Balance at end of period	$	(3	)	$	2		$	41
Defined Benefit Plans, Net
Balance at beginning of period	$	(2,501	)	$	(8,194	)	$	(6,074	)
Other comprehensive income (loss) before reclassification adjustment - prior service cost or credit	(20		)	6			(53		)
Other comprehensive income (loss) before reclassification adjustment - actuarial gains or losses	(6,457		)	8,673			(3,180		)
Tax expense (benefit)	(1,854		)	3,087			(1,021		)
Other comprehensive income (loss) before reclassification adjustment, net of tax	(4,623		)	5,592			(2,212		)
Reclassification adjustment - prior service cost or credit(a)	22			(128		)	(125		)
Reclassification adjustment - actuarial gains or losses(a)	76			178			229
Tax expense (benefit)(a)	(20		)	(51		)	12
Reclassification adjustment, net of tax(a)	118			101			92
Other comprehensive income (loss), net of tax	(4,505		)	5,693			(2,120		)
Balance at end of period	$	(7,006	)	$	(2,501	)	$	(8,194	)

__________


(a)	Included in the computation of net periodic pension and OPEB (income) expense. Refer to Note 15 for additional information.

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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