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GM Financial Receivables, net [Text Block]

GM Financial Receivables, net

The following table summarizes the components of GM Financial receivables, net (dollars in millions):



	December 31, 2015									December 31, 2014
	Retail			Commercial			Total			Retail			Commercial			Total
Finance receivables	$	29,124		$	8,209		$	37,333		$	25,623		$	7,606		$	33,229
Less: allowance for loan losses	(735		)	(47		)	(782		)	(655		)	(40		)	(695		)
GM Financial receivables, net	$	28,389		$	8,162		$	36,551		$	24,968		$	7,566		$	32,534

Fair value of GM Financial receivables, net							$	36,707								$	33,106
Allowance for loan losses classified as current							$	(601	)							$	(529	)

GM Financial estimates the fair value of retail finance receivables using observable and unobservable inputs within a cash flow model, a Level 3 input. 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 is calculated and discounted using a weighted-average cost of capital or current interest rates. The weighted-average cost of capital 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 GM Financial's 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 using Level 2 inputs.

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



	Years Ended December 31,
	2015			2014			2013
Balance at beginning of period	$	695		$	548		$	351
Provision for loan losses	624			604			475
Charge-offs	(999		)	(914		)	(643		)
Recoveries	487			470			362
Effect of foreign currency	(25		)	(13		)	3
Balance at end of period	$	782		$	695		$	548

The activity for the allowance for commercial loan losses was insignificant in the years ended December 31, 2015, 2014 and 2013.

Credit Quality

Retail Finance Receivables

GM Financial uses proprietary scoring systems in its underwriting process 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 are considered to be prime credit quality. At December 31, 2015 and 2014, 60% and 83% of the retail finance receivables in North America were from consumers with sub-prime credit scores, which are defined as FICO scores of less than 620 at the time of loan origination.

GM Financial purchases retail 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, 2015 and 2014 the accrual of finance charge income had been suspended on delinquent retail finance receivables with contractual amounts due of $778 million and $682 million. The following table summarizes the contractual amount of delinquent contracts, which is not significantly different than the recorded investment of the retail finance receivables (dollars in millions):



	December 31, 2015				December 31, 2014
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31-to-60 days delinquent	$	1,237	4.2	%	$	1,083	4.2	%
Greater-than-60 days delinquent	481		1.6	%	432		1.7	%
Total finance receivables more than 30 days delinquent	1,718		5.8	%	1,515		5.9	%
In repossession	46		0.2	%	40		0.2	%
Total finance receivables more than 30 days delinquent or in repossession	$	1,764	6.0	%	$	1,555	6.1	%

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. The credit lines for Group VI dealers are typically suspended and no further funding is extended to these dealers. At December 31, 2015 and 2014 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, 2015		December 31, 2014
Group I – Dealers with superior financial metrics	$	1,298	$	1,050
Group II – Dealers with strong financial metrics	2,573		2,022
Group III – Dealers with fair financial metrics	2,597		2,599
Group IV – Dealers with weak financial metrics	1,058		1,173
Group V – Dealers warranting special mention due to potential weaknesses	501		524
Group VI – Dealers with loans classified as substandard, doubtful or impaired	182		238
	$	8,209	$	7,606

Inventories

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Inventories [Text Block]

Inventories

The following tables summarize the components of Inventories (dollars in millions):



	December 31, 2015
	GMNA		GME		GMIO		GMSA		Total
Total productive material, supplies and work in process	$	2,705	$	713	$	1,113	$	616	$	5,147
Finished product, including service parts	4,884		2,166		954		613		8,617
Total inventories	$	7,589	$	2,879	$	2,067	$	1,229	$	13,764



	December 31, 2014
	GMNA		GME		GMIO		GMSA		Total
Total productive material, supplies and work in process	$	2,592	$	778	$	1,216	$	794	$	5,380
Finished product, including service parts	4,320		2,394		1,026		522		8,262
Total inventories	$	6,912	$	3,172	$	2,242	$	1,316	$	13,642

Equipment on Operating Leases, net

12 Months Ended

Dec. 31, 2015

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 consists 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, 2015			December 31, 2014
Equipment on operating leases	$	3,037		$	3,822
Less: accumulated depreciation	(254		)	(258		)
Equipment on operating leases, net	$	2,783		$	3,564



	Years Ended December 31,
	2015		2014		2013
Depreciation expense	$	341	$	507	$	218
Impairment charges	$	215	$	155	$	168

Automotive Financing - GM Financial

GM Financial originates leases to retail customers that are recorded as operating leases. The following table summarizes GM Financial equipment on operating leases, net (dollars in millions):



	December 31, 2015			December 31, 2014
GM Financial equipment on operating leases	$	23,005		$	8,268
Less: accumulated depreciation	(2,833		)	(1,208		)
GM Financial equipment on operating leases, net	$	20,172		$	7,060

Depreciation expense related to GM Financial equipment on operating leases, net was $2.3 billion, $868 million and $450 million in the years ended December 31, 2015, 2014 and 2013.

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



	2016		2017		2018		2019		2020
Minimum rental receipts under operating leases	$	3,359	$	2,830	$	1,494	$	169	$	4

Equity In Net Assets Of Nonconsolidated Affiliates

12 Months Ended

Dec. 31, 2015

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. Our nonconsolidated affiliates are involved in various aspects of the development, production and marketing of cars, trucks and automobile parts. We enter into transactions with certain nonconsolidated affiliates to purchase and sell component parts and vehicles.

Revenue and expenses of our joint ventures 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,
	2015		2014		2013
Automotive China JVs	$	2,057	$	2,066	$	1,763
Other joint ventures	137		28		47
Total equity income	$	2,194	$	2,094	$	1,810

On January 2, 2015 GM Financial completed its acquisition of Ally Financial's 40% equity interest in SAIC-GMAC in China. The aggregate purchase price was $1.0 billion. Also on January 2, 2015 GM Financial sold a 5% equity interest in SAIC-GMAC to Shanghai Automotive Group Finance Company Ltd. (SAICFC), a current shareholder of SAIC-GMAC, for proceeds of $125 million. As a result of these transactions GM Financial now owns 35%, SAICFC owns 45% and, in the aggregate, GM indirectly owns 45% of SAIC-GMAC. GM Financial's share of earnings of SAIC-GMAC is included in the Equity income of Other joint ventures in the table above. The pro forma effect on earnings had this acquisition occurred on January 1, 2014 was not significant.

The following tables summarize transactions with and balances related to our nonconsolidated affiliates (dollars in millions):



	Years Ended December 31,
	2015		2014		2013
Automotive sales and revenue	$	1,764	$	2,762	$	2,724
Automotive purchases, net	$	93	$	311	$	724
Dividends received	$	2,047	$	1,793	$	1,719
Operating cash flows	$	3,782	$	4,321	$	3,607



	December 31, 2015		December 31, 2014
Accounts and notes receivable, net	$	721	$	706
Accounts payable	$	179	$	205
Undistributed earnings	$	2,158	$	2,011

Investment in Nonconsolidated Affiliates

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



	December 31, 2015		December 31, 2014
Automotive China JVs	$	7,997	$	8,140
Other investments	1,204		210
Total equity in net assets of nonconsolidated affiliates	$	9,201	$	8,350

At December 31, 2015 and 2014 the carrying amount of our investments in certain joint ventures exceeded our share of the underlying net assets by $4.3 billion and $3.9 billion primarily related to goodwill from the application of fresh-start reporting and purchase of additional interests in nonconsolidated affiliates.

The following table summarizes our direct ownership interests in Automotive China JVs at December 31, 2015 and 2014:



	Direct Ownership
SAIC General Motors Corp., Ltd. (SGM)	50	%
SAIC GM (Shenyang) Norsom Motors Co., Ltd. (SGM Norsom)	25	%
SAIC GM Dong Yue Motors Co., Ltd. (SGM DY)	25	%
SAIC GM Dong Yue Powertrain Co., Ltd. (SGM DYPT)	25	%
SAIC GM Wuling Automobile Co., Ltd.	44	%
FAW-GM Light Duty Commercial Vehicle Co., Ltd.	50	%
Pan Asia Technical Automotive Center Co., Ltd.	50	%
Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar)	40	%
Shanghai Chengxin Used Car Operation and Management Co., Ltd. (Shanghai Chengxin Used Car)	33	%
SAIC General Motors Sales Co., Ltd. (SGMS)	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%), Shanghai Chengxin Used Car (33%) and SAIC-GMAC (20%).

Summarized Financial Data of Nonconsolidated Affiliates

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



	December 31, 2015						December 31, 2014
	Automotive China JVs		Others		Total		Automotive China JVs		Others		Total
Summarized Balance Sheet Data
Current assets	$	17,270	$	9,358	$	26,628	$	15,442	$	2,636	$	18,078
Non-current assets	10,801		4,266		15,067		9,758		1,507		11,265
Total assets	$	28,071	$	13,624	$	41,695	$	25,200	$	4,143	$	29,343

Current liabilities	$	19,141	$	8,477	$	27,618	$	16,141	$	2,179	$	18,320
Non-current liabilities	1,132		1,933		3,065		931		495		1,426
Total liabilities	$	20,273	$	10,410	$	30,683	$	17,072	$	2,674	$	19,746

Noncontrolling interests	$	907	$	6	$	913	$	1,043	$	3	$	1,046



	Years Ended December 31,
	2015		2014		2013
Summarized Operating Data
Automotive China JVs' net sales	$	44,959	$	43,853	$	38,767
Others' net sales	3,571		3,171		1,830
Total net sales	$	48,530	$	47,024	$	40,597

Automotive China JVs' net income	$	4,290	$	4,312	$	3,685
Others' net income	435		91		50
Total net income	$	4,725	$	4,403	$	3,735

Property, net

12 Months Ended

Dec. 31, 2015

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, 2015			December 31, 2014
Land		$	1,636		$	1,695
Buildings and improvements	5-40	5,562			5,236
Machinery and equipment	3-27	19,338			16,788
Construction in progress		4,633			4,114
Real estate, plants and equipment		31,169			27,833
Less: accumulated depreciation		(9,516		)	(8,067		)
Real estate, plants and equipment, net		21,653			19,766
Special tools, net	1-9	9,576			7,977
Total property, net		$	31,229		$	27,743

The amount of capitalized software included in Property, net was $907 million and $817 million at December 31, 2015 and 2014. The amount of interest capitalized and excluded from Automotive interest expense related to Property, net was $101 million, $70 million and $81 million in the years ended December 31, 2015, 2014 and 2013.

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



	Years Ended December 31,
	2015		2014		2013
Depreciation and amortization expense	$	4,251	$	4,187	$	3,959
Impairment charges	$	628	$	709	$	901
Capitalized software amortization expense(a)	$	378	$	295	$	244

__________


(a)	Included in depreciation and amortization expense.

Goodwill and Intangible Assets, net

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets [Text Block]

Goodwill and Intangible Assets, net

Goodwill

At December 31, 2015 and 2014 our entire goodwill balances of $1.4 billion were recorded in GM Financial.

Based on the results of our annual goodwill impairment tests for GMSA 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.

In the year ended December 31, 2013 we recorded Goodwill impairment charges of $541 million in GMIO as a result of performed event-driven goodwill impairment tests for: (1) GM Korea (GM Korea Company) 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, lower forecasted margins resulting from higher raw material costs and unfavorable foreign exchange rates and our announced plans to cease mainstream distribution of the Chevrolet brand in Western and Central Europe; and (2) GM 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.

Intangible Assets

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



	December 31, 2015						December 31, 2015
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology and intellectual property	$	8,263	$	7,838	$	425	$	8,289	$	7,744	$	545
Brands	4,427		808		3,619		4,447		683		3,764
Dealer network and customer relationships	1,019		496		523		1,094		434		660
Favorable contracts and other	327		318		9		345		331		14
Total intangible assets	$	14,036	$	9,460	$	4,576	$	14,175	$	9,192	$	4,983

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



	Years Ended December 31,
	2015		2014		2013
Amortization expense	$	327	$	676	$	1,281
Impairment charges	$	3	$	16	$	523

Amortization expense related to Intangible assets, net is estimated to be approximately $300 million in each of the next five years.

As a result of our strategic assessment of GM India we recorded impairment charges of $48 million in GMIO in the year ended December 31, 2013 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.

We recorded impairment charges of $264 million in GMIO in the year ended December 31, 2013 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 17 for additional information on the withdrawal of the Chevrolet brand from Europe.

Variable Interest Entities [Abstract]

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Variable Interest Entities

12 Months Ended

Dec. 31, 2015

Variable Interest Entities [Text Block]

Variable Interest Entities

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 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 it is 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 of the VIEs serve as the sole source of repayment for the debt issued by these entities. 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, they are separate legal entities and their assets are legally owned by them and are not available to GM Financial's creditors.

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



	December 31, 2015		December 31, 2014
Restricted cash – current	$	1,345	$	1,110
Restricted cash – non-current	$	531	$	611
GM Financial receivables, net – current	$	12,224	$	11,134
GM Financial receivables, net – non-current	$	12,597	$	11,583
GM Financial equipment on operating leases, net	$	11,684	$	4,595
GM Financial short-term debt and current portion of long-term debt	$	13,545	$	10,502
GM Financial long-term debt	$	15,841	$	12,292

GM Financial recognizes finance charge, leased vehicle and fee income on the Securitized Assets and interest expense on the secured debt issued in a securitization transaction, and records a provision for loan losses to recognize probable loan losses inherent in the Securitized Assets.

Accrued Liabilities and Other Liabilities

12 Months Ended

Dec. 31, 2015

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, 2015		December 31, 2014
Current
Dealer and customer allowances, claims and discounts	$	8,076	$	8,035
Deposits primarily from rental car companies	5,051		6,089
Deferred revenue	2,227		1,622
Product warranty and related liabilities	3,487		3,582
Payrolls and employee benefits excluding postemployment benefits	2,378		2,144
Other	6,623		6,712
Total accrued liabilities	$	27,842	$	28,184
Non-current
Deferred revenue	$	2,007	$	1,556
Product warranty and related liabilities	5,792		6,064
Employee benefits excluding postemployment benefits	896		1,049
Postemployment benefits including facility idling reserves	833		1,259
Other	3,058		4,154
Total other liabilities	$	12,586	$	14,082

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,
	2015			2014			2013
Balance at beginning of period	$	9,646		$	7,601		$	7,633
Warranties issued and assumed in period – recall campaigns and courtesy transportation	986			2,910			640
Warranties issued and assumed in period – policy and product warranty	2,325			2,540			2,757
Payments	(3,987		)	(4,326		)	(3,240		)
Adjustments to pre-existing warranties	588			1,187			49
Effect of foreign currency and other	(279		)	(266		)	(238		)
Balance at end of period	$	9,279		$	9,646		$	7,601

In connection with ongoing comprehensive safety reviews, engineering analysis and our overall commitment to customer satisfaction we have experienced an increase in costs associated with repairs and courtesy transportation for vehicles subject to recalls. During the three months ended September 30, 2014 we began accruing the costs for recall campaigns at the time of vehicle sale in GMNA, which resulted in a charge due to a change in estimate for previously sold vehicles of $0.9 billion recorded in the three months ended June 30, 2014. We had historically accrued estimated costs related to recall campaigns in GMNA when probable and reasonably estimable, which typically occurs once it is determined a specific recall campaign is needed and announced.

Short-Term and Long-Term Debt

12 Months Ended

Dec. 31, 2015

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, 2015			December 31, 2014
Secured debt	$	220		$	237
Unsecured debt	7,619			8,145
Capital leases	926			968
Total automotive debt(a)	$	8,765		$	9,350

Fair value utilizing Level 1 inputs	$	6,972		$	7,550
Fair value utilizing Level 2 inputs – a discounted cash flow model	2,116			2,249
Fair value of automotive debt	$	9,088		$	9,799

Available under credit facility agreements	$	12,168		$	12,026
Interest rate range on outstanding debt(b)	0.0-18.0%			0.0-18.0%
Weighted-average interest rate on outstanding short-term debt(b)	9.6		%	6.4		%
Weighted-average interest rate on outstanding long-term debt(b)	4.7		%	4.3		%

__________


(a)	Includes net discount and debt issuance costs of $549 million and $741 million at December 31, 2015 and 2014.


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

The observable inputs of the discounted cash flow model included 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 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 years ended December 31, 2015 and 2014 we prepaid and retired debt obligations with a total carrying amount of $538 million and $325 million which primarily represented unsecured debt in Brazil and recorded a net gain on extinguishment of debt of $449 million and $202 million. In the year ended December 31, 2013 we prepaid and retired debt obligations with a total carrying amount of $1.8 billion which primarily represented the unamortized debt discount on GM Korea mandatorily redeemable preferred shares and recorded a net loss on extinguishment of debt of $212 million.

Automotive Financing - GM Financial

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



	December 31, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt	$	30,689	$	30,671	$	25,173	$	25,228
Unsecured debt	23,657		23,726		12,142		12,479
Total GM Financial debt	$	54,346	$	54,397	$	37,315	$	37,707

Fair value utilizing Level 2 inputs – identical and similar instruments			$	48,716			$	32,790
Fair value utilizing Level 3 inputs			$	5,681			$	4,917

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 10 for additional information on GM Financial's involvement with VIEs. Secured debt consists of revolving credit facilities and securitization notes payable. The weighted-average interest rate on secured debt was 1.99% at December 31, 2015.

The revolving credit facilities have maturity dates over periods ranging up to six 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, 2015 GM Financial entered into new or renewed credit facilities with substantially the same terms as existing debt and a total net additional borrowing capacity of $5.2 billion.

Securitization notes payable at December 31, 2015 are due beginning in 2016 through 2023. In the year ended December 31, 2015 GM Financial issued securitization notes payable of $14.3 billion.

Unsecured Debt

Unsecured debt consists of senior notes, credit facilities and other unsecured debt. Senior notes outstanding at December 31, 2015 are due beginning in 2016 through 2025 and have a weighted-average interest rate of 3.37%. In the year ended December 31, 2015 GM Financial issued the following notes:


•	$2.25 billion in aggregate principal amount of senior notes issued in January 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;


•	Euro 650 million of 0.85% term notes issued in February and due in February 2018;


•	$2.4 billion in aggregate principal amount of senior notes issued in April comprising $850 million of 2.4% notes due in April 2018, $1.25 billion of 3.45% notes due in April 2022 and $300 million of floating rate notes due in April 2018;


•	CAD $500 million of 3.08% senior notes issued in May and due in May 2020;


•	$2.3 billion in aggregate principal amount of senior notes issued in July comprising $1.5 billion of 3.2% notes due in July 2020 and $800 million of 4.3% notes due in July 2025;


•	$1.75 billion in aggregate principal amount of senior notes issued in October comprising $1.5 billion of 3.1% notes due in January 2019 and $250 million of floating rate notes due in January 2019; and


•	$1.0 billion of 3.7% senior notes issued in November and due in November 2020.

In the three months ended September 30, 2015 GM Financial began accepting deposits from retail banking customers in Germany. At December 31, 2015 the outstanding balance of these deposits was $1.3 billion, of which 44% were overnight deposits, and had a weighted-average interest rate of 1.25%.

The terms of advances on revolving credit facilities and other unsecured debt have original maturities of up to five years. The weighted-average interest rate on credit facilities and other unsecured debt was 8.72% at December 31, 2015.

Consolidated

Interest Expense

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



	Years Ended December 31,
	2015		2014		2013
Automotive	$	443	$	403	$	334
Automotive Financing - GM Financial	1,616		1,426		715
Total interest expense	$	2,059	$	1,829	$	1,049

Debt Maturities

The following table summarizes contractual maturities including capital leases at December 31, 2015 (dollars in millions):



	Automotive		Automotive Financing(a)		Total
2016	$	816	$	18,793	$	19,609
2017	514		12,822		13,336
2018	1,621		9,147		10,768
2019	103		4,285		4,388
2020	70		4,427		4,497
Thereafter	6,190		5,050		11,240
	$	9,314	$	54,524	$	63,838

________


(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, 2015 future interest payments on automotive capital lease obligations were $388 million. GM Financial had no capital lease obligations at December 31, 2015.

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 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, 2015.

Pensions And Other Postretirement Benefits

12 Months Ended

Dec. 31, 2015

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 in 2012 for U.S. and 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 laws and regulations or to directly pay benefit payments where appropriate. At December 31, 2015 all legal funding requirements had been met. We expect to contribute $71 million to our U.S. non-qualified plans and $947 million to our non-U.S. pension plans in 2016. We also expect to make a discretionary contribution of $2.0 billion to our U.S. hourly pension plan by mid-2016 which is expected to be financed by debt. The following table summarizes contributions made to the defined benefit pension plans (dollars in millions):



	Years Ended December 31,
	2015		2014		2013
U.S. hourly and salaried	$	95	$	143	$	128
Non-U.S.	1,120		770		886
Total	$	1,215	$	913	$	1,014

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. We made contributions to the U.S. OPEB plans of $340 million, $354 million and $393 million in the years ended December 31, 2015, 2014 and 2013. Plan participants' contributions were insignificant in the years ended December 31, 2015, 2014 and 2013.

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 $535 million, $513 million and $502 million in the years ended December 31, 2015, 2014 and 2013.

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 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 Society of Actuaries issued new mortality and mortality improvement tables that raised life expectancies and thereby indicate the amount of estimated aggregate benefit payments to our U.S. pension plans' participants is increasing. We incorporated these Society of Actuaries mortality and mortality improvement tables into our December 31, 2014 measurement of our U.S. pension plans' benefit obligations. The change in these assumptions increased the December 31, 2014 U.S. pension plans' obligations by $2.2 billion. The mortality improvement tables issued by the Society of Actuaries in the three months ended December 31, 2015 did not result in any change in our current assumptions used to measure the U.S. pension plans’ obligations.

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, 2015									Year Ended December 31, 2014
	Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans
	U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans
Change in benefit obligations
Beginning benefit obligation	$	76,724		$	27,897		$	6,625		$	71,480		$	27,528		$	6,348
Service cost	272			405			24			247			358			23
Interest cost	2,754			763			238			3,060			1,031			273
Actuarial (gains) losses	(2,623		)	(256		)	(209		)	7,770			3,179			448
Benefits paid	(5,641		)	(1,332		)	(407		)	(5,779		)	(1,699		)	(426		)
Foreign currency translation adjustments	—			(3,332		)	(225		)	—			(2,536		)	(108		)
Curtailments, settlements and other	—			(382		)	20			(54		)	36			67
Ending benefit obligation	71,486			23,763			6,066			76,724			27,897			6,625
Change in plan assets
Beginning fair value of plan assets	65,823			14,669			—			64,166			14,986			—
Actual return on plan assets	795			997			—			7,346			1,893			—
Employer contributions	95			1,120			385			143			770			402
Benefits paid	(5,641		)	(1,332		)	(407		)	(5,779		)	(1,699		)	(426		)
Foreign currency translation adjustments	—			(2,017		)	—			—			(1,232		)	—
Settlements and other	—			(447		)	22			(53		)	(49		)	24
Ending fair value of plan assets	61,072			12,990			—			65,823			14,669			—
Ending funded status	$	(10,414	)	$	(10,773	)	$	(6,066	)	$	(10,901	)	$	(13,228	)	$	(6,625	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	125		$	—		$	—		$	111		$	—
Current liabilities	(67		)	(334		)	(381		)	(69		)	(383		)	(396		)
Non-current liabilities	(10,347		)	(10,564		)	(5,685		)	(10,832		)	(12,956		)	(6,229		)
Net amount recorded	$	(10,414	)	$	(10,773	)	$	(6,066	)	$	(10,901	)	$	(13,228	)	$	(6,625	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial gain (loss)	$	116		$	(3,796	)	$	(689	)	$	452		$	(5,019	)	$	(942	)
Net prior service (cost) credit	31			(33		)	63			35			(57		)	88
Total recorded in Accumulated other comprehensive loss	$	147		$	(3,829	)	$	(626	)	$	487		$	(5,076	)	$	(854	)

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



	December 31, 2015				December 31, 2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
ABO	$	71,475	$	23,388	$	76,702	$	27,425
Plans with ABO in excess of plan assets
ABO	$	71,475	$	22,683	$	76,702	$	26,510
Fair value of plan assets	$	61,072	$	12,160	$	65,823	$	13,638
Plans with PBO in excess of plan assets
PBO	$	71,486	$	23,052	$	76,724	$	26,935
Fair value of plan assets	$	61,072	$	12,170	$	65,823	$	13,643

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, 2015									Year Ended December 31, 2014									Year Ended December 31, 2013
	Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans
	U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans
Components of expense
Service cost	$	406		$	431		$	24		$	380		$	389		$	23		$	395		$	425		$	37
Interest cost	2,754			763			238			3,060			1,031			273			2,837			1,010			274
Expected return on plan assets	(3,896		)	(798		)	—			(3,914		)	(873		)	—			(3,562		)	(823		)	—
Amortization of prior service cost (credit)	(4		)	15			(14		)	(4		)	17			(16		)	(4		)	19			(130		)
Amortization of net actuarial (gains) losses	8			233			37			(91		)	154			8			6			208			91
Curtailments, settlements and other(a)	—			124			—			(1		)	3			—			(77		)	(6		)	(62		)
Net periodic pension and OPEB (income) expense	$	(732	)	$	768		$	285		$	(570	)	$	721		$	288		$	(405	)	$	833		$	210
Weighted-average assumptions used to determine benefit obligations
Discount rate	4.06		%	3.20		%	4.13		%	3.73		%	3.14		%	3.83		%	4.46		%	4.10		%	4.56		%
Rate of compensation increase(b)	N/A			2.79		%	4.21		%	N/A			2.85		%	4.21		%	N/A			2.90		%	4.21		%
Weighted-average assumptions used to determine net expense
Discount rate	3.73		%	3.15		%	3.83		%	4.46		%	4.10		%	4.56		%	3.59		%	3.69		%	3.75		%
Expected rate of return on plan assets	6.38		%	6.23		%	N/A			6.53		%	6.28		%	N/A			5.77		%	5.70		%	N/A
Rate of compensation increase(b)	N/A			2.85		%	4.21		%	N/A			2.90		%	4.21		%	N/A			2.77		%	4.46		%

_________


(a)	The curtailment charges recorded in the year ended December 31, 2015 were due primarily to the GM Canada hourly pension plan that was remeasured as a result of a voluntary separation program.


(b)	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 $134 million, $133 million and $97 million in the years ended December 31, 2015, 2014 and 2013. 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, 2015, 2014 and 2013.

Estimated amounts to be amortized from Accumulated other comprehensive loss into net periodic benefit cost in the year ending December 31, 2016 based on December 31, 2015 plan measurements are $172 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 are conducted by our internal asset management group and outside actuaries and 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.

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. 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 asset 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 2015 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 6.4% at December 31, 2014 to 6.3% at December 31, 2015. 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, 2015				December 31, 2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Equity	14	%	21	%	16	%	27	%
Debt	62	%	50	%	60	%	47	%
Other(a)	24	%	29	%	24	%	26	%
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. and non-U.S. defined benefit pension plan assets by asset class (dollars in millions):



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2			Level 3		Total
U.S. Pension Plan Assets
Common and preferred stocks	$	7,637	$	18	$	8	$	7,663	$	10,033	$	30		$	3	$	10,066
Government and agency debt securities(a)	—		14,318		—		14,318		—		16,143			—		16,143
Corporate and other debt securities	—		22,963		1		22,964		—		22,725			83		22,808
Other investments, net	466		130		472		1,068		662		(180		)	711		1,193
Net plan assets subject to leveling	$	8,103	$	37,429	$	481	46,013		$	10,695	$	38,718		$	797	50,210
Plan assets measured at net asset value
Investment funds							6,321									6,172
Private equity and debt investments							4,529									5,347
Real estate investments							3,828									3,525
Total plan assets measured at net asset value							14,678									15,044
Other plan assets, net(b)							381									569
Net plan assets							$	61,072								$	65,823



	December 31, 2015									December 31, 2014
	Level 1		Level 2		Level 3		Total			Level 1		Level 2		Level 3		Total
Non-U.S. Pension Plan Assets
Common and preferred stocks	$	1,079	$	1	$	1	$	1,081		$	1,959	$	3	$	—	$	1,962
Government and agency debt securities(a)	—		3,258		—		3,258			—		3,614		—		3,614
Corporate and other debt securities	—		1,953		1		1,954			—		1,986		—		1,986
Other investments, net	47		47		642		736			138		46		726		910
Net plan assets subject to leveling	$	1,126	$	5,259	$	644	7,029			$	2,097	$	5,649	$	726	8,472
Plan assets measured at net asset value
Investment funds							4,475									4,440
Private equity and debt investments							529									509
Real estate investments							1,095									1,262
Total plan assets measured at net asset value							6,099									6,211
Other plan assets (liabilities), net(b)							(138		)							(14		)
Net plan assets							$	12,990								$	14,669

__________


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


(b)	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 activity attributable to U.S. and non-U.S. Level 3 defined benefit pension plan investments was insignificant in the years ended December 31, 2015 and 2014.

Alternative Investment Strategies

Investment funds consist primarily of funds of hedge funds, equity funds and fixed income funds. Funds of hedge funds managers typically seek to achieve their objectives by allocating capital across a broad array of funds and/or investment managers. 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. 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 primarily 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 primarily 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 investment funds, private equity and debt investments and real estate investments. 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 debt 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.

Pension Funding Requirements

Based on our current assumptions, we expect no significant mandatory contributions to our U.S. qualified pension plans for the next five years; however, we expect mandatory contributions totaling $2.1 billion to our Canada and United Kingdom pension plans over the next five years.

Benefit Payments

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. 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				Other Benefits
	U.S. Plans		Non-U.S. Plans		Global Plans
2016	$	5,636	$	1,464	$	384
2017	$	5,383	$	1,335	$	376
2018	$	5,228	$	1,264	$	367
2019	$	5,098	$	1,258	$	361
2020	$	4,979	$	1,255	$	357
2021 - 2025	$	22,874	$	6,060	$	1,745

Derivative Financial Instruments	12 Months Ended
Derivative Financial Instruments	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments [Text Block]	Derivative Financial Instruments Automotive At December 31, 2015 and 2014 our derivative instruments consisted primarily of options and forward contracts primarily related to foreign currency. We had derivative instruments in asset positions with notional amounts of $7.2 billion and $8.8 billion and liability positions with notional amounts of $264 million and $953 million at December 31, 2015 and 2014. The fair value of these derivative instruments was insignificant. In 2015 we designated certain foreign currency forward contracts as cash flow hedges. The notional amounts of these designated instruments were insignificant at December 31, 2015. Automotive Financing - GM Financial GM Financial had interest rate swaps and caps and foreign currency swaps in asset positions with notional amounts of $11.9 billion and $5.4 billion and liability positions with notional amounts of $13.9 billion and $8.5 billion at December 31, 2015 and 2014. The fair value of these derivative financial instruments was insignificant. In 2015 GM Financial designated certain interest rate swaps as fair value hedges of fixed rate debt with notional amounts of $1.0 billion at December 31, 2015.

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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Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies [Text Block]

Commitments and Contingencies

The following table summarizes information related to the liabilities recorded for Commitments and contingencies (dollars in millions):



	December 31, 2015		December 31, 2014
Litigation-related liability and tax administrative matters	$	1,155	$	1,000
Product liability	$	712	$	732
Ignition Switch Recall compensation program	$	66	$	315
Credit card programs(a)
Redemption liability – recorded in Accrued liabilities	$	115	$	87
Deferred revenue – recorded in Other liabilities	$	258	$	263
Environmental liability	$	124	$	133
Guarantees	$	72	$	88

__________


(a)	Credit card programs offer rebates that can be applied primarily against the purchase or lease of our vehicles. At December 31, 2015 and 2014 qualified cardholders had rebates available, net of deferred program revenue, of $2.0 billion and $2.3 billion.

Litigation-Related Liability and Tax Administrative Matters

In the normal course of business we are named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation, that arise in connection with our business as a global company. We identify below the material individual proceedings and investigatory activity in connection with which we believe a material loss is reasonably possible or probable.

With regard to the various legal matters we have established reserves for matters for which we believe that losses are probable and can be reasonably estimated. In many proceedings, however, it is inherently difficult to determine whether any loss is probable or even reasonably possible or to estimate the size or range of the possible loss. 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 consolidated financial position, results of operations or cash flows in any particular reporting period. Reserves for losses deemed probable and reasonably estimable are recorded in Accrued liabilities and Other liabilities.

Proceedings Related to Ignition Switch and Other Recalls

In the year ended December 31, 2014 we announced various recalls relating to safety, customer satisfaction and other matters. Those recalls included recalls to repair ignition switches that could under certain circumstances unintentionally move from the “run” position to the “accessory” or “off” position with a corresponding loss of power, which could in turn prevent airbags from deploying in the event of a crash.

Through January 27, 2016 we were aware of 100 putative class actions pending against GM in various federal and state trial courts in the U.S. alleging that consumers who purchased or leased vehicles manufactured by GM or General Motors Corporation had been economically harmed by one or more of the recalls announced in 2014 and/or the underlying vehicle conditions associated with those recalls (economic-loss cases). Additionally through January 27, 2016 we were aware of 21 putative class actions pending in various Provincial Courts in Canada seeking relief similar to that sought in the economic-loss cases in the U.S. In the aggregate these economic-loss cases seek recovery for purported compensatory damages, such as alleged diminution in value of the vehicles, as well as punitive damages, injunctive relief and other relief. There are also two civil actions brought by state governmental entities relating to the 2014 recalls that seek injunctive relief as well as economic damages and attorneys' fees for alleged violations of state consumer protection statutes.

Through January 27, 2016 we were aware of 235 actions pending in various federal and state trial courts in the U.S. against GM alleging injury or death as a result of defects that may be the subject of recalls announced in 2014 (personal injury cases). Additionally through January 27, 2016 we were aware of nine actions pending in various Provincial Courts in Canada seeking relief similar to that sought in the personal injury cases in the U.S. In general, 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 (JPML) has issued orders from time to time directing that certain pending economic-loss and personal injury federal lawsuits involving faulty or allegedly faulty ignition switches or other defects that may be related to the recalls announced in the year ended December 31, 2014 be transferred to, and consolidated in, a single federal court, the Southern District of New York (the multidistrict litigation). Through January 27, 2016 the JPML has transferred 262 pending cases to, and consolidated them with, the multidistrict litigation. At the court's suggestion, the parties to the multidistrict litigation engage from time to time in discussions of possible mechanisms to resolve pending litigation. As described below, on September 17, 2015 we announced that we had reached a memorandum of understanding with certain personal injury claimants regarding possible settlement of their claims.

Because many plaintiffs in the actions described in the above paragraphs are suing over the conduct of General Motors Corporation or vehicles manufactured by that entity for liabilities not expressly assumed by GM, we moved to enforce the terms of the July 2009 Sale Order and Injunction issued by the United States Bankruptcy Court for the Southern District of New York (Bankruptcy Court) to preclude claims from being asserted against us for, among other things, personal injuries based on pre-sale accidents, any economic-loss claims based on acts or conduct of General Motors Corporation and claims asserting successor liability for obligations owed by General Motors Corporation (successor liability claims). On April 15, 2015 the Bankruptcy Court issued a Decision precluding claims against us based upon pre-sale accidents, claims based upon the acts or conduct by General Motors Corporation and successor liability claims, except for claims asserting liabilities that had been expressly assumed by us in the July 2009 Sale Agreement and claims that could be asserted against us only if they were otherwise viable and arose solely out of our own independent post-closing acts and did not in any way rely on acts or conduct by General Motors Corporation. Plaintiffs have appealed the Bankruptcy Court’s decision and we have cross appealed with respect to certain issues to preserve our rights. The United States Court of Appeals for the Second Circuit (Second Circuit) has accepted a direct appeal of the matter and the parties have briefed the appeal pursuant to an expedited schedule set by the Second Circuit. Oral argument is scheduled for March 15, 2016. In addition on December 4, 2015 the Bankruptcy Court issued a judgment regarding certain issues left unresolved by the April 15, 2015 decision including the extent to which punitive damages could be asserted against GM based on claims involving vehicles manufactured by General Motors Corporation. Various groups of plaintiffs have appealed that decision to the district court overseeing the multidistrict litigation.

In the putative shareholder class action filed in the United States District Court for the Eastern District of Michigan (Shareholder Class Action), the court appointed the New York State Teachers’ Retirement System as the lead plaintiff. On January 15, 2015 the New York State Teachers’ Retirement System filed a Consolidated Class Action Complaint against GM and several current and former officers and employees (Defendants) on behalf of purchasers of our common stock from November 17, 2010 to July 24, 2014. The Consolidated Class Action Complaint alleges that Defendants made material misstatements and omissions relating to problems with the ignition switch and other matters in SEC filings and other public statements. On September 17, 2015 we announced that we had entered into a binding term sheet regarding settlement of this matter. On November 20, 2015 the district court granted its preliminary approval of the settlement and has scheduled a final settlement fairness hearing for April 20, 2016.

With regard to the shareholder derivative actions, the two shareholder derivative actions pending in the United States District Court for the Eastern District of Michigan have been consolidated and all proceedings, including those related to the motion to dismiss we filed in that court in October 2014, remain suspended pending disposition of the parallel action being litigated in Delaware Chancery Court. With regard to that pending litigation in Delaware Chancery Court, the four shareholder derivative actions pending in that court were consolidated and plaintiffs filed an amended consolidated complaint on October 13, 2014. On June 26, 2015 the Delaware Chancery Court granted our motion to dismiss the amended consolidated complaint. Plaintiffs have appealed that decision to the Delaware Supreme Court, which has set oral argument for February 10, 2016. With regard to the two derivative actions filed in the Circuit Court of Wayne County, Michigan, those actions have been consolidated and remain stayed pending disposition of the federal derivative actions.

In connection with the 2014 recalls, various investigations, inquiries and complaints have been received from the United States Attorney’s Office for the Southern District of New York (the Office), Congress, the SEC, Transport Canada and 50 state attorneys general. In connection with the foregoing we have received subpoenas and requests for additional information and we have participated in discussions with various governmental authorities. On June 3, 2015 we received notice of an investigation by the Federal Trade Commission concerning certified pre-owned vehicle advertising where dealers had certified vehicles that allegedly needed recall repairs. We believe we are cooperating fully with all requests for information in ongoing investigations. Such matters could in the future result in the imposition of material damages, fines, civil consent orders, civil and criminal penalties or other remedies.

As described more specifically below, substantial activity took place during the six months ended December 31, 2015 that resulted in total or partial resolution of several matters including the recognition of additional liabilities for such matters.

First, with regard to the investigation by the Office, without prior notice, the Office approached us during the three months ended September 30, 2015 with a specific proposal. We accepted the proposal on September 16, 2015 and entered into the DPA with the Office regarding its investigation of the events leading up to certain recalls regarding faulty ignition switches announced in February and March 2014. Under the DPA we consented to the filing of a two-count information (the Information) in the U.S. District Court for the Southern District of New York (the Court) charging GM with: (1) a scheme to conceal material facts from a government regulator, in violation of Title 18, United States Code, Section 1001; and (2) wire fraud, in violation of Title 18, United States Code, Section 1343. We have pled not guilty to the charges alleged in the Information. Under the DPA we agreed to pay the United States $900 million as a financial penalty. Prior to the three months ended September 30, 2015 there had been little to no discussions concerning potential resolution of the matter such that no possible range of potential liability could be determined. Payment was made in the three months ended September 30, 2015.

Pursuant to the DPA, the Office agreed to recommend to the Court that prosecution of GM on the Information be deferred for three years. The Office also agreed that if we are in compliance with all of our obligations under the DPA, the Office will, within 30 days after the expiration of the period of deferral (including any extensions thereto), seek dismissal with prejudice of the Information filed against GM. The DPA further provides that, in the event the Office determines during the period of deferral of prosecution (or any extensions thereof) that we have violated any provision of the DPA, the Office may, in its discretion, either prosecute GM on the charges alleged in the Information or impose an extension of the period of deferral of prosecution of up to one additional year, but in no event will the total term of the deferral-of-prosecution period under the DPA exceed four years.

In the DPA, we also agreed to retain an independent monitor (the Monitor) to review and assess our policies, practices or procedures related to statements about motor vehicle safety, the provision of information to those responsible for recall decisions, recall processes and addressing known defects in certified pre-owned vehicles. The Monitor’s authority will extend for a period of three years. The Office has the authority to lengthen the Monitor’s term for up to one year if the Office determines we have violated the DPA. Likewise, the Office may shorten the Monitor’s term if the Office determines that a monitor is no longer necessary. We are required to pay the compensation and expenses of the Monitor and of the persons hired under his or her authority. The Monitor commenced his term in October 2015.

Second, with regard to the Shareholder Class Action described previously, prior to the three months ended September 30, 2015 there had been no discussions concerning potential resolution of the matter such that no possible range of potential liability could be determined. During the three months ended September 30, 2015 the parties both commenced and reached a proposed settlement of the lawsuit. On September 17, 2015 we announced we had entered into a binding term sheet for the settlement of the Shareholder Class Action described above for $300 million. The court entered preliminary approval of the settlement on November 20, 2015 and has set a final settlement fairness hearing for April 20, 2016.

Third, in the three months ended September 30, 2015 GM and attorneys representing certain personal injury claimants in the multidistrict litigation engaged in substantive settlement discussions in which an agreement was reached as to both material financial and non-financial terms. On September 17, 2015 we announced we had reached a memorandum of understanding regarding a $275 million settlement that could potentially cover approximately 1,400 personal injury claimants who have lawsuits pending in the multidistrict litigation or who have otherwise asserted claims related to the Ignition Switch Recall or certain other recalls announced in 2014. Prior to the three months ended September 30, 2015 the parties had a substantial gap in their respective positions on financial issues such that no possible range of potential liability could be determined pursuant to the applicable accounting standard. Further, prior to the three months ended September 30, 2015 the parties had also either not engaged in meaningful discussions concerning material non-financial issues necessary for any agreement or had opposing positions on these issues. In December 2015 the court overseeing the multidistrict litigation established a qualified settlement fund and appointed a special master to administer certain facets of the settlement pursuant to the terms of the memorandum of understanding. The special master commenced his work in the three months ended December 31, 2015 and his work continues.

In the three months ended September 30, 2015 we recorded charges of approximately $1.5 billion in Automotive selling, general and administrative expense in Corporate as a result of the DPA financial penalty and the settlements of the Shareholder Class Action and the multidistrict litigation and other litigation associated with the ignition switch recalls described previously. These charges were treated as adjustments for EBIT-adjusted reporting purposes.

We believe it is probable that we will incur additional liabilities with regard to at least a portion of the remaining investigations, claims, and/or litigation relating to the ignition switch recalls and other related recalls, whether through settlement or judgment. With regard to pending personal injury claims, we have concluded from our analysis of available information that an additional $90 million in liability is probable beyond what has already been accrued. The related charges were recorded in Automotive selling, general and administrative expense in Corporate and treated as adjustments for EBIT-adjusted reporting purposes in the three months ended December 31, 2015. The total amount accrued at December 31, 2015 represents a combination of our best estimates and, where no such estimate is determinable, our estimate of the low end of the range of probable loss with regard to such claims. The ultimate resolution of these remaining investigations, claims and/or litigation could have a material adverse effect on our financial position, results of operations or cash flows.

In January 2016 the first of several “bellwether” trials, Scheuer v. General Motors, LLC, took place in the multidistrict litigation associated with the ignition switch recalls. On January 22, 2016 a Stipulation of Dismissal was filed by which plaintiff voluntarily dismissed his lawsuit with prejudice. No payment was made to plaintiff. Each bellwether trial will be tried on its facts and the result of any subsequent bellwether trial may be different from this first bellwether trial. Further, this first bellwether trial does not allow us to estimate the possible loss associated with the resolution of the multidistrict litigation. The second bellwether trial is expected to commence in March 2016.

The uncertainties referenced above include the legal theory or the nature of the claims, the complexity of the facts, the results of any investigation or litigation, and the timing of resolution of the investigations or litigation. For example, the appeal from the Bankruptcy Court’s April 2015 decision is currently pending before the Second Circuit (discussed previously), as is the appeal to the district court overseeing the multidistrict litigation from the Bankruptcy Court's December 2015 judgment. The resolution of these appeals could have a substantial impact on the potential liability of GM for acts or conduct of General Motors Corporation and what claims plaintiffs may pursue against GM in the multidistrict litigation and other courts. Further, there have been little or no discussions to date concerning any potential resolution of the SEC investigation, the state attorneys general’s investigations, the various claims for economic loss, or the claims concerning death or personal injury not covered by the memorandum of understanding, discussed previously. We will continue to consider potential resolution of open matters involving ignition switch recalls and other recalls where it makes sense to do so.

GM Canada Dealers' Claim

On February 12, 2010 a claim was filed in the Ontario Superior Court of Justice against GM Canada on behalf of a purported class of over 200 former GM Canada dealers (the Plaintiff Dealers) which had entered into wind-down agreements with GM Canada. In May 2009 in the context of the global restructuring of the business and the possibility that GM Canada might be required to initiate insolvency proceedings, GM Canada offered the Plaintiff Dealers the wind-down agreements to assist with their exit from the GM Canada dealer network and to facilitate winding down their operations in an orderly fashion by December 31, 2009 or such other date as GM Canada approved but no later than on October 31, 2010. The Plaintiff Dealers allege that the Dealer Sales and Service Agreements were wrongly terminated by GM Canada and that GM Canada 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 GM Canada breached its obligation of "good faith" in offering the wind-down agreements; (2) whether GM Canada interfered with the Plaintiff Dealers' rights of free association; (3) whether GM Canada 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) whether the Plaintiff Dealers can recover damages in the aggregate (as opposed to proving individual damages). A number of former dealers opted out of participation in the litigation, leaving 181 dealers in the certified class. Trial of the class issues was completed in the three months ended December 31, 2014. On July 8, 2015 the Ontario Superior Court dismissed the Plaintiff Dealers’ claim against GM Canada, holding that GM Canada did not breach any common law or statutory obligations toward the class members. The court also dismissed GM Canada’s counterclaim against the Plaintiff Dealers for repayment of the wind-down payments made to them by GM Canada as well as for other relief. All parties have filed notices of appeal. We anticipate that the appeal will be heard in the year ending December 31, 2016.

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 that 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 that 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 hourly employees and remanded the case to the Seoul High Court consistent with its December 2013 ruling. This case was decided by the Seoul High Court on October 30, 2015 in GM Korea's favor. Plaintiffs appealed to the Supreme Court. In July 2014 GM Korea and its labor union also agreed to include bonuses and certain allowances in Ordinary Wages retroactive 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 in excess of amounts accrued to be 585 billion South Korean Won (equivalent to $499 million) at December 31, 2015, 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. On November 26 and 27, 2015 the Supreme Court remanded two salary cases to the Seoul High Court for a review of the merits. At December 31, 2015 we identified a reasonably possible loss for salary cases in excess of the amounts accrued to be 174 billion South Korean Won (equivalent to $148 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 courts in Korea.

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 the origination and securitization of sub-prime automobile loans by GM Financial and its subsidiaries and affiliates 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 from state attorneys general and other governmental offices to produce documents relating to its retail automobile loan business and securitization of 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 it is cooperating with all requests. These investigations are ongoing and 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.

Other Litigation-Related Liability and Tax Administrative Matters

Various other 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; government regulations relating to payments to foreign companies; tax-related matters not subject to the provision of ASC 740, "Income Taxes" (indirect tax-related matters); and environmental 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 $400 million to $600 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, 2015. We believe that appropriate accruals have been established for losses that are probable and can be reasonably estimated. For indirect tax matters we estimate our reasonably possible loss in excess of amounts accrued to be up to approximately $850 million.

Product Liability

With respect to product liability claims, other than claims relating to the ignition switch recalls discussed above, involving our and General Motors Corporation 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. In addition we indemnify dealers for certain product liability related claims including products sold by General Motors Corporation's dealers. 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 vehicle recalls in recent years 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 created a compensation program (the Program) for accident victims who died or suffered physical injury (or for their families) as a result of a faulty ignition switch related to the 2.6 million vehicles recalled in the three months ended March 31, 2014. The Program is being administered by an independent program administrator, who established a protocol that defined the eligibility requirements to participate in the Program. The Program accepted claims from August 1, 2014 through January 31, 2015 and received a total of 4,343 claims. The Program completed its claims review process in the three months ended September 30, 2015 and the independent program administrator determined that 399 claims were eligible for payment under the Program. Payments to eligible claimants began in the three months ended December 31, 2014 and will continue through the first quarter of 2016. At January 29, 2016 we had paid 345 eligible claimants $554 million out of the 362 claimants who accepted offers under the Program. The other 37 accident victims (or their families) chose not to participate in the Program and could pursue litigation against us. Accident victims (or their families) that accept a payment under the Program agree to settle all claims against GM related to the accident.

We recorded a charge of $400 million in the year ended December 31, 2014 and based on the Program's claims experience we recorded an additional $195 million in the year ended December 31, 2015. These charges were recorded in Automotive selling, general and administrative expense in Corporate and were treated as adjustments for EBIT-adjusted reporting purposes. Based on currently available information we believe our accrual at December 31, 2015 is adequate to cover the estimated costs under the Program. The following table summarizes the activity for the Program since its inception (dollars in millions):



	Activity
Balance at April 1, 2014	$	—
Provisions	400
Payments	(85		)
Balance at December 31, 2014	315
Provisions	195
Payments	(444		)
Balance at December 31, 2015	$	66

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, 2015 we estimate the remediation losses could range from $100 million to $210 million.

Guarantees

We enter into indemnification agreements for liability claims involving products manufactured primarily by certain joint ventures. We also provide vehicle repurchase guarantees and payment guarantees on commercial loans outstanding with third parties such as dealers. These guarantees terminate in years ranging from 2016 to 2030 or upon the occurrence of specific events or are ongoing and we believe that the related potential costs incurred are adequately covered by recorded accruals. The maximum liability for these guarantees was $2.6 billion and $2.7 billion at December 31, 2015 and 2014, calculated as future undiscounted payments.

In some instances certain assets of the party whose debt or performance we have guaranteed may offset, to some degree, the amount of certain guarantees. Our payables to the party whose debt or performance we have guaranteed may also reduce the amount of certain guarantees. 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.

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.

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 program 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, 2015 we believe it is reasonably assured that the program requirements will be met.

Korea Fuel Economy Certification

In 2014 we determined the certified fuel economy ratings on our Cruze 1.8L gasoline vehicles sold in Korea were incorrect. We retested and recertified 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. Since then, in accordance with the new guidelines, we have completed retesting and recertification of the Chevrolet Captiva 2.0L and 2.2L diesel vehicles and the Malibu 2.0L gas, 2.4L gas and 2.0 liquefied petroleum gas vehicles. The Captiva 2.0L diesel was subsequently selected for confirmatory testing by the Korean government and was approved. There are no other domestic models in production to be retested and recertified under the new guidelines.

India Tavera Emissions Compliance

In 2013 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, 2015 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):



	2016			2017			2018			2019			2020			Thereafter
Minimum commitments(a)	$	284		$	232		$	202		$	178		$	137		$	385
Sublease income	(55		)	(57		)	(54		)	(52		)	(41		)	(233		)
Net minimum commitments	$	229		$	175		$	148		$	126		$	96		$	152

__________


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

Rental expense under operating leases was $357 million, $444 million and $477 million in the years ended December 31, 2015, 2014 and 2013.

Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes [Text Block]

Income Taxes

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



	Years Ended December 31,
	2015			2014		2013
U.S. income	$	5,594		$	1,683	$	4,880
Non-U.S. income (loss)	(70		)	469		768
Income before income taxes and equity income	$	5,524		$	2,152	$	5,648

Income Tax Expense (Benefit)

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



	Years Ended December 31,
	2015			2014			2013
Current income tax expense (benefit)
U.S. federal	$	5		$	(23	)	$	(34	)
U.S. state and local	(5		)	154			88
Non-U.S.	860			671			512
Total current income tax expense	860			802			566
Deferred income tax expense (benefit)
U.S. federal	1,001			(581		)	1,049
U.S. state and local	199			(60		)	137
Non-U.S.	(3,957		)	67			375
Total deferred income tax expense (benefit)	(2,757		)	(574		)	1,561
Total income tax expense (benefit)	$	(1,897	)	$	228		$	2,127

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 $2.8 billion and $3.0 billion at December 31, 2015 and 2014. Additional basis differences related to investments in nonconsolidated Automotive China JVs exist of $4.1 billion at December 31, 2015 and 2014 primarily related to fresh-start reporting. Quantification of the deferred tax liability, if any, associated with indefinitely reinvested basis differences is not practicable. The Non-U.S. deferred income tax benefit in the year ended December 31, 2015 relates primarily to the release of valuation allowances in GME.

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,
	2015			2014			2013
Income tax expense at U.S. federal statutory income tax rate	$	1,933		$	753		$	1,977
State and local tax expense	115			73			145
Non-U.S. income taxed at other than 35%	(28		)	(72		)	(168		)
U.S. tax on Non-U.S. income	(417		)	(8		)	543
Change in valuation allowance	(3,666		)	(402		)	182
Change in tax laws	29			602			146
Research and manufacturing incentives	(367		)	(279		)	(490		)
Goodwill impairment	—			41			124
Settlements of prior year tax matters	—			(275		)	(473		)
Realization of basis differences in affiliates	—			(256		)	—
Foreign currency remeasurement	209			124			(21		)
Financial penalty under the DPA(a)	315
Other adjustments	(20		)	(73		)	162
Total income tax expense (benefit)	$	(1,897	)	$	228		$	2,127

_________


(a)	Refer to Note 15 for additional information on the DPA.

Deferred Income Tax Assets and Liabilities

Deferred income tax assets and liabilities at December 31, 2015 and 2014 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, 2015			December 31, 2014
Deferred tax assets
Postretirement benefits other than pensions	$	2,712		$	2,958
Pension and other employee benefit plans	6,502			7,503
Warranties, dealer and customer allowances, claims and discounts	5,495			5,512
Property, plants and equipment	1,981			2,323
U.S. capitalized research expenditures	7,413			8,588
U.S. operating loss and tax credit carryforwards(a)	8,623			7,631
Non-U.S. operating loss and tax credit carryforwards(b)	5,826			6,505
Miscellaneous	3,316			3,286
Total deferred tax assets before valuation allowances	41,868			44,306
Less: valuation allowances	(5,021		)	(9,659		)
Total deferred tax assets	36,847			34,647
Deferred tax liabilities
Intangible assets	590			416
Net deferred tax assets	$	36,257		$	34,231

_________


(a)	At December 31, 2015 U.S. operating loss and tax credit carryforwards of $8.0 billion expire by 2035 if not utilized and the remaining balance of $607 million may be carried forward indefinitely.


(b)	At December 31, 2015 Non-U.S. operating loss and tax credit carryforwards of $1.7 billion expire by 2035 if not utilized and the remaining balance of $4.1 billion may be carried forward indefinitely.

Valuation Allowances

As a result of business restructuring and improving profitability in certain European businesses evidenced by three years of adjusted cumulative earnings and the completion of our near- and medium-term business plans in the three months ended December 31, 2015 that forecast continuing improvement in profitability, we determined that it was more likely than not that our future earnings will be sufficient to realize the deferred tax assets in these European businesses. Accordingly we reversed $3.9 billion of GME's valuation allowances resulting in an income tax benefit. We retained valuation allowances of $2.5 billion at December 31, 2015 against deferred tax assets in GME which we continue to believe do not meet the more likely than not threshold for releasing the valuation allowance.

At December 31, 2015 we retained additional valuation allowances against deferred tax assets of $2.5 billion, primarily in South Korea and India business units with cumulative losses in recent years and in the U.S. related to capital loss tax attributes and state loss carryforwards that we do not expect to have the ability to utilize within the carryforward periods.

Uncertain Tax Positions

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



	Years Ended December 31,
	2015			2014			2013
Beginning balance	$	1,877		$	2,530		$	2,745
Additions to current year tax positions	54			184			251
Additions to prior years' tax positions	115			149			276
Reductions to prior years' tax positions	(378		)	(603		)	(535		)
Reductions in tax positions due to lapse of statutory limitations	(201		)	(164		)	(73		)
Settlements	(3		)	(138		)	(132		)
Other	(79		)	(81		)	(2		)
Ending balance	$	1,385		$	1,877		$	2,530

At December 31, 2015 and 2014 there were $896 million and $1.2 billion of unrecognized tax benefits that if recognized would favorably affect our effective tax rate in the future. In the years ended December 31, 2015, 2014 and 2013 income tax related interest and penalties were insignificant. At December 31, 2015 and 2014 we had liabilities of $183 million and $246 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, 2015 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 2005 to 2015 with various significant tax jurisdictions. Tax authorities may have the ability to review and adjust net operating loss or tax credit carryforwards that were generated prior to these periods if utilized in an open tax year. 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.

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, 2015

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, 2013	$	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
Additions, interest accretion and other	102			149			208			107			566
Payments	(77		)	(549		)	(160		)	(97		)	(883		)
Revisions to estimates and effect of foreign currency	(341		)	(81		)	(53		)	(5		)	(480		)
Balance at December 31, 2015(a)	$	143		$	270		$	161		$	7		$	581

__________


(a)	The remaining cash payments related to these reserves for restructuring and other initiatives, including temporary layoff benefits of $14 million, $354 million and $353 million at December 31, 2015, 2014 and 2013 for GMNA, relate primarily to postemployment benefits to be paid.

Year Ended December 31, 2015

Restructuring and other initiatives related primarily to: (1) reversal of the U.S. Supplemental Unemployment Benefit Plan accrual for temporary layoff benefits of $317 million resulting from a plan amendment in the 2015 UAW Agreement at GMNA; (2) the change in our business model in Russia described below; and (3) separation and other programs in Australia, Korea, Thailand, Indonesia and India and the withdrawal of the Chevrolet brand from Europe which had a total cost since inception of $722 million and affected a total of approximately 5,490 employees at GMIO through December 31, 2015. We expect to complete these programs in GMIO in 2017 and incur additional restructuring and other charges of approximately $210 million.

Our 2015 labor agreement with the UAW includes cash severance incentive programs to qualified U.S. hourly employees. We will record restructuring charges of $250 million upon irrevocable acceptance received in February 2016.

Year Ended December 31, 2014

Restructuring and other initiatives related primarily to: (1) the termination of all vehicle and transmission production at our Bochum, Germany facility completed in December 2014, which had a total cost since inception of $841 million at GME; (2) separation programs in Australia and Korea, the withdrawal of the Chevrolet brand from Europe and the cessation of manufacturing in Australia which had a total cost since inception of $514 million at GMIO through December 31, 2014; and (3) completed separation programs in Brazil and Venezuela which had a total cost since inception of $169 million at GMSA through December 31, 2014.

Year Ended December 31, 2013

Restructuring and other initiatives related primarily 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 since inception of $194 million 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 since inception of $420 million at GMIO through December 31, 2013; and (4) active separation programs in Brazil which had a total cost since inception of $103 million at GMSA through December 31, 2013.

Change of Business Model in Russia

In March 2015 we announced plans to change our business model in Russia and have ceased manufacturing, eliminated Opel brand distribution and reduced Chevrolet brand distribution in the year ended December 31, 2015. This decision impacts 300 dealers and distributors and 1,130 employees. As a result we recorded pre-tax charges of $443 million at GME and GMIO through December 31, 2015, net of noncontrolling interests of $56 million. These charges included dealer restructuring and other contract cancellation costs of $103 million and employee severance costs of $13 million which are reflected in the table above. The remaining charges for cumulative translation adjustment associated with the substantial liquidation of certain legal entities and other of $183 million, sales incentives and inventory related costs of $144 million and asset impairment charges of $56 million are not included in the table above. We may incur additional charges for exit costs of up to approximately $100 million through 2016.

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 approximately 1,200 Chevrolet dealers and distributors in the affected countries and approximately 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 9 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 GM Holden Ltd. (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 approximately 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.

Interest Income and Other Non-Operating Income, net

12 Months Ended

Dec. 31, 2015

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,
	2015		2014		2013
Interest income	$	169	$	211	$	246
Foreign currency transaction and remeasurement gains (losses)	297		378		(154		)
Gains on securities and other investments - realized and unrealized	7		13		691
Other	148		221		280
Total interest income and other non-operating income, net	$	621	$	823	$	1,063

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. Also in December 2013 we sold our seven percent investment in Peugeot S. A. (PSA) common stock for $339 million, net of disposal costs and we recorded a net gain of $152 million in Interest income and other non-operating income, net. Other includes net gains and losses on derivatives, dividends, royalties and deferred income recorded from technology agreement that ended in 2013.

Stockholders' Equity and Noncontrolling Interests

12 Months Ended

Dec. 31, 2015

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. We had 1.5 billion and 1.6 billion shares of common stock issued and outstanding at December 31, 2015 and 2014.

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



	Liquidation Preference Per Share		Dividend Per Annum		Dividends Paid
					Years Ended December 31,
					2015	2014		2013
Series A Preferred Stock	$	25.00	9.00	%		$	1,160	$	1,370
Series B Preferred Stock	$	50.00	4.75	%				$	237

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, 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. Our dividends declared per common share were $1.38 and $1.20 and our total dividends declared on common stock were $2.2 billion and $1.9 billion for the years ended December 31, 2015 and 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 the year ended December 31, 2015 we purchased 102 million shares of our outstanding common stock for $3.5 billion as part of the common stock repurchase program announced in March 2015.

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.

Warrants

In July 2009 we issued two tranches of warrants, each to acquire 136 million shares of our 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, had an exercise price of $42.31 per share and expired December 31, 2015. 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 number of warrants outstanding was 70 million and 165 million at December 31, 2015 and 2014.

Accumulated Other Comprehensive Loss

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



	Years Ended December 31,
	2015			2014			2013
Foreign Currency Translation Adjustments
Balance at beginning of period	$	(1,064	)	$	(614	)	$	101
Other comprehensive loss before reclassification adjustment, net of tax(a)	(1,153		)	(475		)	(733		)
Reclassification adjustment, net of tax(a)(b)	198			2			—
Other comprehensive loss, net of tax(a)	(955		)	(473		)	(733		)
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax(a)	(15		)	23			18
Balance at end of period	$	(2,034	)	$	(1,064	)	$	(614	)
Defined Benefit Plans, Net
Balance at beginning of period	$	(7,006	)	$	(2,501	)	$	(8,194	)
Other comprehensive income (loss) before reclassification adjustment	817			(6,477		)	8,679
Tax expense (benefit)	41			(1,854		)	3,087
Other comprehensive income (loss) before reclassification adjustment, net of tax	776			(4,623		)	5,592
Reclassification adjustment, net of tax(a)(c)	235			118			101
Other comprehensive income (loss), net of tax	1,011			(4,505		)	5,693
Other comprehensive loss attributable to noncontrolling interests, net of tax(a)	(4		)	—			—
Balance at end of period	$	(5,999	)	$	(7,006	)	$	(2,501	)

__________


(a)	The income tax effect was insignificant in the years ended December 31, 2015, 2014 and 2013.


(b)	Related to the change of our business model in Russia. Included in Automotive cost of sales. Refer to Note 17 for additional information.


(c)	Included in the computation of net periodic pension and OPEB (income) expense. Refer to Note 13 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.

Reference 1: 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.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
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-Number Topic 4
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Earnings Per Share [Text Block]

Earnings Per Share

12 Months Ended

Dec. 31, 2015

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,
	2015			2014			2013
Basic earnings per share
Net income attributable to stockholders	$	9,687		$	3,949		$	5,346
Less: cumulative dividends on preferred stock and charge related to redemption and purchase of preferred stock(a)				(1,145		)	(1,576		)
Net income attributable to common stockholders	$	9,687		$	2,804		$	3,770

Weighted-average common shares outstanding	1,586			1,605			1,393
Basic earnings per common share	$	6.11		$	1.75		$	2.71
Diluted earnings per share
Net income attributable to common stockholders – basic	$	9,687		$	2,804		$	3,770
Add: preferred dividends to holders of Series B Preferred Stock							218
Less: earnings adjustment for dilutive stock compensation rights	(1		)	(18		)
Net income attributable to common stockholders – diluted	$	9,686		$	2,786		$	3,988

Weighted-average common shares outstanding – basic	1,586			1,605			1,393
Dilutive effect of warrants and awards under stock incentive plans	54			82			149
Dilutive effect of conversion of Series B Preferred Stock							134
Weighted-average common shares outstanding – diluted	1,640			1,687			1,676

Diluted earnings per common share	$	5.91		$	1.65		$	2.38

__________


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

Prior to the December 2013 conversion to common shares, the Series B Preferred Stock was a participating security and, as such, required 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 was below or above the range of $33.00 to $39.60 per common share. 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 method as compared to the two-class method.

In the years ended December 31, 2015, 2014 and 2013 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, 2015

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, 2015 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 to certain employees RSUs, PSUs and stock options 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 practice is to issue new shares upon settlement of RSUs and PSUs. The following table summarizes awards granted or issued under these plans (units in millions):



	Years Ended December 31,
	2015	2014	2013
RSUs	2.8	8.2	7.3
PSUs	4.1	3.9
Stock options	26.4

RSU awards granted 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.

The ultimate number of PSUs 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.

Stock options were granted to senior leaders to maintain the leadership consistency needed to achieve our short-term and long-term goals. Each recipient was required to accept non-compete and non-solicitation covenants. These non-qualified stock options have a vesting feature whereby two-fifths of the award are exercisable approximately 19 months after the date of grant and the remainder vest ratably over the next three years based on the performance of our common stock relative to that of a specified peer group. The stock options expire 10 years from the grant date.

Salary Stock Plan

In the year ended December 31, 2013 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, PSUs and Stock Options

The following table summarizes information about the RSUs, PSUs and stock options 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, 2015	19.9		$	32.11	1.3
Granted	33.3		$	10.70
Settled	(8.1	)	$	29.44
Forfeited or expired	(1.1	)	$	26.59
Units outstanding at December 31, 2015	44.0		$	16.48	3.0

Units unvested and expected to vest at December 31, 2015	35.0		$	14.54	3.3
Units vested and payable at December 31, 2015	7.6		$	25.72
Units granted in the year ended December 31, 2014			$	35.31
Units granted in the year ended December 31, 2013			$	29.05

The following table summarizes compensation expense recorded for our stock incentive plans, which is recorded in Automotive cost of sales and Automotive selling, general and administrative expense (dollars in millions):



	Years Ended December 31,
	2015		2014		2013
Compensation expense	$	446	$	245	$	311
Income tax benefit	$	151	$	81	$	100

At December 31, 2015 the total unrecognized compensation expense for nonvested equity awards granted was $294 million. This expense is expected to be recorded over a weighted-average period of 3.3 years. The total fair value of RSUs, PSUs and stock options vested in the years ended December 31, 2015, 2014 and 2013 was $228 million, $221 million and $342 million. In the years ended December 31, 2015, 2014 and 2013 total payments for 1.8 million, 2.4 million and 3.1 million RSUs settled under stock incentive plans were $64 million, $85 million and $94 million.

Supplementary Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2015

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
2015
Total net sales and revenue	$	35,712	$	38,180	$	38,843	$	39,621
Automotive gross margin	$	3,690	$	4,073	$	5,082	$	4,756
Net income	$	908	$	1,140	$	1,341	$	6,226
Net income attributable to stockholders	$	945	$	1,117	$	1,359	$	6,266
Basic earnings per common share	$	0.58	$	0.70	$	0.86	$	4.03
Diluted earnings per common share	$	0.56	$	0.67	$	0.84	$	3.92



	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
Basic earnings per common share	$	0.08	$	0.12	$	0.86	$	0.69
Diluted earnings per common share	$	0.06	$	0.11	$	0.81	$	0.66

The three months ended December 31, 2015 included the following:


•	Income tax benefit of $3.9 billion related to the reversal of deferred tax asset valuation allowances at GME.


•	Gain on extinguishment of debt of $449 million related to unsecured debt in Brazil in GMSA on a pre-tax basis.

The three months ended September 30, 2015 included charges for various legal matters of approximately $1.5 billion related to the Ignition Switch Recall in Corporate on a pre-tax basis.

The three months ended June 30, 2015 included the following on a pre-tax basis:


•	Asset impairment charges of $297 million related to our Thailand subsidiaries in GMIO.


•	Charge of $604 million for the Venezuela currency devaluation in GMSA.

The three months ended March 31, 2015 included the following on a pre-tax basis:


•	Costs related to the change in our business model in Russia of $337 million in GME and $91 million in GMIO.


•	Charge of $150 million for Ignition Switch Recall compensation program in Corporate.

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.

Segment Reporting

12 Months Ended

Dec. 31, 2015

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, crossovers 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, trucks and crossovers 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 have equity ownership stakes directly or indirectly in entities through various regional subsidiaries, primarily in Asia. These companies design, manufacture and market vehicles under the 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, 2015
	GMNA		GME			GMIO			GMSA			Corporate			Eliminations			Total Automotive			GM Financial		Eliminations			Total
Net sales and revenue	$	106,622	$	18,704		$	12,626		$	7,820		$	150					$	145,922		$	6,454	$	(20	)	$	152,356
Income (loss) before interest and taxes-adjusted	$	11,026	$	(813	)	$	1,397		$	(622	)	$	(1,001	)				$	9,987		$	837	$	(10	)	$	10,814
Adjustments(a)	$	47	$	(358	)	$	(383	)	$	(720	)	$	(1,785	)				$	(3,199	)	$	—	$	—		(3,199		)
Automotive interest income																										169
Automotive interest expense																										(443		)
Gain on extinguishment of debt																										449
Net (loss) attributable to noncontrolling interests																										(72		)
Income before income taxes																										7,718
Income tax benefit																										1,897
Net loss attributable to noncontrolling interests																										72
Net income attributable to stockholders																										$	9,687
Equity in net assets of nonconsolidated affiliates	$	94	$	6		$	8,113		$	2		$	—		$	—		$	8,215		$	986	$	—		$	9,201
Total assets	$	92,570	$	13,361		$	20,555		$	7,049		$	20,151		$	(24,083	)	$	129,603		$	66,081	$	(1,164	)	$	194,520
Expenditures for property	$	5,688	$	1,070		$	480		$	485		$	66		$	(5	)	$	7,784		$	90	$	—		$	7,874
Depreciation and amortization	$	3,745	$	412		$	436		$	268		$	16		$	(3	)	$	4,874		$	2,297	$	—		$	7,171
Impairment charges	$	370	$	117		$	324		$	35		$	—		$	—		$	846		$	—	$	—		$	846
Equity income	$	20	$	2		$	2,056		$	—		$	—		$	—		$	2,078		$	116	$	—		$	2,194

__________

(a)

Consists primarily of net insurance recoveries related to flood damage of $47 million in GMNA; costs related to the change in our business model in Russia of $358 million in GME and $85 million in GMIO, which is net of noncontrolling interests; asset impairment charges of $297 million related to our Thailand subsidiaries in GMIO; Venezuela currency devaluation charges of $604 million and asset impairment charges of $116 million related to our Venezuela subsidiaries in GMSA; and charges related to the Ignition Switch Recall including the compensation program of $195 million and various settlements and legal matters of $1.6 billion in Corporate.



	At and For the Year Ended December 31, 2014
	GMNA			GME			GMIO			GMSA			Corporate			Eliminations			Total Automotive			GM Financial		Eliminations			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
Income tax expense																											(228		)
Net income attributable to noncontrolling interests																											(69		)
Net income attributable to stockholders																											$	3,949
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		$	24,308		$	(29,041	)	$	131,674		$	47,745	$	(1,918	)	$	177,501
Expenditures for property	$	4,985		$	887		$	681		$	359		$	127		$	—		$	7,039		$	52	$	—		$	7,091
Depreciation and amortization	$	4,122		$	325		$	419		$	383		$	75		$	(4	)	$	5,320		$	918	$	—		$	6,238
Impairment charges, excluding goodwill	$	254		$	302		$	321		$	3		$	—		$	—		$	880		$	—	$	—		$	880
Equity income	$	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
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
Income tax expense																												(2,127		)
Net loss attributable to noncontrolling interests																												15
Net income attributable to stockholders																												$	5,346
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		$	26,421		$	(29,252	)	$	130,011		$	38,010		$	(1,790	)	$	166,231
Expenditures for property	$	5,466		$	818		$	724		$	444		$	92		$	5		$	7,549		$	16		$	—		$	7,565
Depreciation and amortization	$	3,896		$	291		$	694		$	477		$	63		$	(1	)	$	5,420		$	498		$	(10	)	$	5,908
Impairment charges, excluding goodwill	$	320		$	135		$	1,092		$	45		$	—		$	—		$	1,592		$	—		$	—		$	1,592
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.

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,
	2015				2014				2013
	Net Sales & Revenue		Long-Lived Assets		Net Sales & Revenue		Long-Lived Assets		Net Sales & Revenue		Long-Lived Assets
Automotive
U.S.	$	100,008	$	21,091	$	93,559	$	18,813	$	88,784	$	15,844
Non-U.S.	45,914		12,742		57,533		12,355		63,308		12,289
GM Financial
U.S.	4,357		18,501		2,549		5,477		2,233		2,472
Non-U.S.	2,077		1,890		2,288		1,755		1,102		1,043
Total consolidated	$	152,356	$	54,224	$	155,929	$	38,400	$	155,427	$	31,648

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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
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Supplemental Cash Flow Information [Abstract]

Supplemental Information for the Consolidated Statements of Cash Flows

12 Months Ended

Dec. 31, 2015

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,
	2015			2014			2013
Accounts receivable	$	(254	)	$	(1,248	)	$	8
Purchases of wholesale receivables, net	(1,124		)	(2,000		)	—
Inventories	(1,350		)	(309		)	59
Automotive equipment on operating leases	159			(1,949		)	(968		)
Change in other assets	(397		)	(213		)	(563		)
Accounts payable	1,953			19			(485		)
Income taxes payable	60			(145		)	(161		)
Accrued liabilities and other liabilities	(801		)	6,089			784
Total	$	(1,754	)	$	244		$	(1,326	)
Cash paid for income taxes and interest
Cash paid for income taxes	$	800		$	947		$	727
Cash paid for interest (net of amounts capitalized) – Automotive	$	348		$	301		$	299
Cash paid for interest (net of amounts capitalized) – GM Financial	1,295			1,120			760
Total cash paid for interest (net of amounts capitalized)	$	1,643		$	1,421		$	1,059

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events In January 2016 we invested $500 million in Lyft, a privately held company, representing a 9% equity ownership interest. We plan to develop with Lyft an integrated network of on-demand autonomous vehicles in the U.S. We applied the cost method of accounting to our investment in Lyft. Also in January 2016 we announced the next step in our strategy to redefine personal mobility with a new car-sharing service called Maven, which combines our multiple car-sharing programs under one single brand and will expand its offerings to multiple cities and communities in the U.S. Maven gives customers access to highly personalized, on-demand mobility services.

Nature Of Operations and Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2015
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. 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.

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2015

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Automotive

Automotive Financing - GM Financial

Advertising and Promotion Expenditures, 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.

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 Receivables, Policy [Policy Text Block]

Finance Receivables

Finance receivables 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 interest, 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 OPEB Plans, Policy [Policy Text Block]

Pension and OPEB Plans

Attribution, Methods and Assumptions

Plan Asset Valuation

Common and Preferred Stock

Debt Securities

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

Extended Disability Benefits, Policy [Policy Text Block]

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

Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted, Policy [Policy Text Block]

Recently Adopted Accounting Standards

Accounting Standards Not Yet Adopted

Derivative Financial Instruments, Policy [Policy Text Block]

Derivative Financial Instruments

Automotive Financing - GM Financial

Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2015

Marketable Securities [Abstract]

Available-for-sale Securities [Table Text Block]

The following table summarizes the fair value of cash equivalents and marketable securities which approximates cost (dollars in millions):



	Fair Value Level	December 31, 2015		December 31, 2014
Cash, cash equivalents and time deposits		$	7,730	$	7,633
Available-for-sale securities
U.S. government and agencies	2	$	5,329	$	7,557
Corporate debt	2	6,267		7,984
Money market funds	1	2,275		2,480
Sovereign debt	2	1,219		824
Total available-for-sale securities		15,090		18,845
Trading securities – sovereign debt	2	581		1,698
Total marketable securities (including securities classified as cash equivalents)		$	15,671	$	20,543
Restricted cash and marketable securities
Available-for-sale securities, primarily money market funds	1	$	1,340	$	1,427
Restricted cash, cash equivalents and time deposits		833		846
Total restricted cash and marketable securities		$	2,173	$	2,273

Available-for-sale securities included above with contractual maturities
Due in one year or less		$	10,843
Due between one and five years		1,998
Total available-for-sale securities with contractual maturities		$	12,841

Trading Securities [Table Text Block]

The following table summarizes the fair value of cash equivalents and marketable securities which approximates cost (dollars in millions):



	Fair Value Level	December 31, 2015		December 31, 2014
Cash, cash equivalents and time deposits		$	7,730	$	7,633
Available-for-sale securities
U.S. government and agencies	2	$	5,329	$	7,557
Corporate debt	2	6,267		7,984
Money market funds	1	2,275		2,480
Sovereign debt	2	1,219		824
Total available-for-sale securities		15,090		18,845
Trading securities – sovereign debt	2	581		1,698
Total marketable securities (including securities classified as cash equivalents)		$	15,671	$	20,543
Restricted cash and marketable securities
Available-for-sale securities, primarily money market funds	1	$	1,340	$	1,427
Restricted cash, cash equivalents and time deposits		833		846
Total restricted cash and marketable securities		$	2,173	$	2,273

Available-for-sale securities included above with contractual maturities
Due in one year or less		$	10,843
Due between one and five years		1,998
Total available-for-sale securities with contractual maturities		$	12,841

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

The following table summarizes the fair value of cash equivalents and marketable securities which approximates cost (dollars in millions):



	Fair Value Level	December 31, 2015		December 31, 2014
Cash, cash equivalents and time deposits		$	7,730	$	7,633
Available-for-sale securities
U.S. government and agencies	2	$	5,329	$	7,557
Corporate debt	2	6,267		7,984
Money market funds	1	2,275		2,480
Sovereign debt	2	1,219		824
Total available-for-sale securities		15,090		18,845
Trading securities – sovereign debt	2	581		1,698
Total marketable securities (including securities classified as cash equivalents)		$	15,671	$	20,543
Restricted cash and marketable securities
Available-for-sale securities, primarily money market funds	1	$	1,340	$	1,427
Restricted cash, cash equivalents and time deposits		833		846
Total restricted cash and marketable securities		$	2,173	$	2,273

Available-for-sale securities included above with contractual maturities
Due in one year or less		$	10,843
Due between one and five years		1,998
Total available-for-sale securities with contractual maturities		$	12,841

Investments Classified by Contractual Maturity Date [Table Text Block]

The following table summarizes the fair value of cash equivalents and marketable securities which approximates cost (dollars in millions):



	Fair Value Level	December 31, 2015		December 31, 2014
Cash, cash equivalents and time deposits		$	7,730	$	7,633
Available-for-sale securities
U.S. government and agencies	2	$	5,329	$	7,557
Corporate debt	2	6,267		7,984
Money market funds	1	2,275		2,480
Sovereign debt	2	1,219		824
Total available-for-sale securities		15,090		18,845
Trading securities – sovereign debt	2	581		1,698
Total marketable securities (including securities classified as cash equivalents)		$	15,671	$	20,543
Restricted cash and marketable securities
Available-for-sale securities, primarily money market funds	1	$	1,340	$	1,427
Restricted cash, cash equivalents and time deposits		833		846
Total restricted cash and marketable securities		$	2,173	$	2,273

Available-for-sale securities included above with contractual maturities
Due in one year or less		$	10,843
Due between one and five years		1,998
Total available-for-sale securities with contractual maturities		$	12,841

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, 2015

GM Financial Receivables, net [Table Text Block]

The following table summarizes the components of GM Financial receivables, net (dollars in millions):



	December 31, 2015									December 31, 2014
	Retail			Commercial			Total			Retail			Commercial			Total
Finance receivables	$	29,124		$	8,209		$	37,333		$	25,623		$	7,606		$	33,229
Less: allowance for loan losses	(735		)	(47		)	(782		)	(655		)	(40		)	(695		)
GM Financial receivables, net	$	28,389		$	8,162		$	36,551		$	24,968		$	7,566		$	32,534

Fair value of GM Financial receivables, net							$	36,707								$	33,106
Allowance for loan losses classified as current							$	(601	)							$	(529	)

Allowance for Loan Losses [Table Text Block]

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



	Years Ended December 31,
	2015			2014			2013
Balance at beginning of period	$	695		$	548		$	351
Provision for loan losses	624			604			475
Charge-offs	(999		)	(914		)	(643		)
Recoveries	487			470			362
Effect of foreign currency	(25		)	(13		)	3
Balance at end of period	$	782		$	695		$	548

Retail Finance Receivables [Member]

Retail 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 retail finance receivables (dollars in millions):



	December 31, 2015				December 31, 2014
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31-to-60 days delinquent	$	1,237	4.2	%	$	1,083	4.2	%
Greater-than-60 days delinquent	481		1.6	%	432		1.7	%
Total finance receivables more than 30 days delinquent	1,718		5.8	%	1,515		5.9	%
In repossession	46		0.2	%	40		0.2	%
Total finance receivables more than 30 days delinquent or in repossession	$	1,764	6.0	%	$	1,555	6.1	%

Commercial Finance Receivables [Member]

Commercial 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, 2015		December 31, 2014
Group I – Dealers with superior financial metrics	$	1,298	$	1,050
Group II – Dealers with strong financial metrics	2,573		2,022
Group III – Dealers with fair financial metrics	2,597		2,599
Group IV – Dealers with weak financial metrics	1,058		1,173
Group V – Dealers warranting special mention due to potential weaknesses	501		524
Group VI – Dealers with loans classified as substandard, doubtful or impaired	182		238
	$	8,209	$	7,606

Inventories (Tables)

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Components of Inventories [Table Text Block]

The following tables summarize the components of Inventories (dollars in millions):



	December 31, 2015
	GMNA		GME		GMIO		GMSA		Total
Total productive material, supplies and work in process	$	2,705	$	713	$	1,113	$	616	$	5,147
Finished product, including service parts	4,884		2,166		954		613		8,617
Total inventories	$	7,589	$	2,879	$	2,067	$	1,229	$	13,764



	December 31, 2014
	GMNA		GME		GMIO		GMSA		Total
Total productive material, supplies and work in process	$	2,592	$	778	$	1,216	$	794	$	5,380
Finished product, including service parts	4,320		2,394		1,026		522		8,262
Total inventories	$	6,912	$	3,172	$	2,242	$	1,316	$	13,642

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

12 Months Ended

Dec. 31, 2015

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, 2015			December 31, 2014
Equipment on operating leases	$	3,037		$	3,822
Less: accumulated depreciation	(254		)	(258		)
Equipment on operating leases, net	$	2,783		$	3,564

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



	Years Ended December 31,
	2015		2014		2013
Depreciation expense	$	341	$	507	$	218
Impairment charges	$	215	$	155	$	168

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, 2015			December 31, 2014
GM Financial equipment on operating leases	$	23,005		$	8,268
Less: accumulated depreciation	(2,833		)	(1,208		)
GM Financial equipment on operating leases, net	$	20,172		$	7,060

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):



	2016		2017		2018		2019		2020
Minimum rental receipts under operating leases	$	3,359	$	2,830	$	1,494	$	169	$	4

Equity In Net Assets Of Nonconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015		2014		2013
Automotive China JVs	$	2,057	$	2,066	$	1,763
Other joint ventures	137		28		47
Total equity income	$	2,194	$	2,094	$	1,810

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, 2015		December 31, 2014
Automotive China JVs	$	7,997	$	8,140
Other investments	1,204		210
Total equity in net assets of nonconsolidated affiliates	$	9,201	$	8,350

Schedule of Equity Method Investments [Table Text Block]

The following table summarizes our direct ownership interests in Automotive China JVs at December 31, 2015 and 2014:



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

Summarized Financial Data for Nonconsolidated Affiliates [Table Text Block]

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



	December 31, 2015						December 31, 2014
	Automotive China JVs		Others		Total		Automotive China JVs		Others		Total
Summarized Balance Sheet Data
Current assets	$	17,270	$	9,358	$	26,628	$	15,442	$	2,636	$	18,078
Non-current assets	10,801		4,266		15,067		9,758		1,507		11,265
Total assets	$	28,071	$	13,624	$	41,695	$	25,200	$	4,143	$	29,343

Current liabilities	$	19,141	$	8,477	$	27,618	$	16,141	$	2,179	$	18,320
Non-current liabilities	1,132		1,933		3,065		931		495		1,426
Total liabilities	$	20,273	$	10,410	$	30,683	$	17,072	$	2,674	$	19,746

Noncontrolling interests	$	907	$	6	$	913	$	1,043	$	3	$	1,046



	Years Ended December 31,
	2015		2014		2013
Summarized Operating Data
Automotive China JVs' net sales	$	44,959	$	43,853	$	38,767
Others' net sales	3,571		3,171		1,830
Total net sales	$	48,530	$	47,024	$	40,597

Automotive China JVs' net income	$	4,290	$	4,312	$	3,685
Others' net income	435		91		50
Total net income	$	4,725	$	4,403	$	3,735

Equity Method Investee [Member]

Schedule of Equity Method Investments [Line Items]

Transactions with and Balances Related to Nonconsolidated Affiliates [Table Text Block]

The following tables summarize transactions with and balances related to our nonconsolidated affiliates (dollars in millions):



	Years Ended December 31,
	2015		2014		2013
Automotive sales and revenue	$	1,764	$	2,762	$	2,724
Automotive purchases, net	$	93	$	311	$	724
Dividends received	$	2,047	$	1,793	$	1,719
Operating cash flows	$	3,782	$	4,321	$	3,607



	December 31, 2015		December 31, 2014
Accounts and notes receivable, net	$	721	$	706
Accounts payable	$	179	$	205
Undistributed earnings	$	2,158	$	2,011

Property, net (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment, Net [Abstract]

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, 2015			December 31, 2014
Land		$	1,636		$	1,695
Buildings and improvements	5-40	5,562			5,236
Machinery and equipment	3-27	19,338			16,788
Construction in progress		4,633			4,114
Real estate, plants and equipment		31,169			27,833
Less: accumulated depreciation		(9,516		)	(8,067		)
Real estate, plants and equipment, net		21,653			19,766
Special tools, net	1-9	9,576			7,977
Total property, net		$	31,229		$	27,743

Depreciation Amortization and Impairment of 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,
	2015		2014		2013
Depreciation and amortization expense	$	4,251	$	4,187	$	3,959
Impairment charges	$	628	$	709	$	901
Capitalized software amortization expense(a)	$	378	$	295	$	244

__________


(a)	Included in depreciation and amortization expense.

Goodwill and Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

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, 2015						December 31, 2015
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology and intellectual property	$	8,263	$	7,838	$	425	$	8,289	$	7,744	$	545
Brands	4,427		808		3,619		4,447		683		3,764
Dealer network and customer relationships	1,019		496		523		1,094		434		660
Favorable contracts and other	327		318		9		345		331		14
Total intangible assets	$	14,036	$	9,460	$	4,576	$	14,175	$	9,192	$	4,983

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,
	2015		2014		2013
Amortization expense	$	327	$	676	$	1,281
Impairment charges	$	3	$	16	$	523

Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2015

GM Financial [Member] | Consolidated VIE [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 (dollars in millions):



	December 31, 2015		December 31, 2014
Restricted cash – current	$	1,345	$	1,110
Restricted cash – non-current	$	531	$	611
GM Financial receivables, net – current	$	12,224	$	11,134
GM Financial receivables, net – non-current	$	12,597	$	11,583
GM Financial equipment on operating leases, net	$	11,684	$	4,595
GM Financial short-term debt and current portion of long-term debt	$	13,545	$	10,502
GM Financial long-term debt	$	15,841	$	12,292

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, 2015

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, 2015		December 31, 2014
Current
Dealer and customer allowances, claims and discounts	$	8,076	$	8,035
Deposits primarily from rental car companies	5,051		6,089
Deferred revenue	2,227		1,622
Product warranty and related liabilities	3,487		3,582
Payrolls and employee benefits excluding postemployment benefits	2,378		2,144
Other	6,623		6,712
Total accrued liabilities	$	27,842	$	28,184
Non-current
Deferred revenue	$	2,007	$	1,556
Product warranty and related liabilities	5,792		6,064
Employee benefits excluding postemployment benefits	896		1,049
Postemployment benefits including facility idling reserves	833		1,259
Other	3,058		4,154
Total other liabilities	$	12,586	$	14,082

Product Warranty and Related Liabilities [Table Text Block]

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,
	2015			2014			2013
Balance at beginning of period	$	9,646		$	7,601		$	7,633
Warranties issued and assumed in period – recall campaigns and courtesy transportation	986			2,910			640
Warranties issued and assumed in period – policy and product warranty	2,325			2,540			2,757
Payments	(3,987		)	(4,326		)	(3,240		)
Adjustments to pre-existing warranties	588			1,187			49
Effect of foreign currency and other	(279		)	(266		)	(238		)
Balance at end of period	$	9,279		$	9,646		$	7,601

Short-Term and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Interest Expense [Table Text Block]

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



	Years Ended December 31,
	2015		2014		2013
Automotive	$	443	$	403	$	334
Automotive Financing - GM Financial	1,616		1,426		715
Total interest expense	$	2,059	$	1,829	$	1,049

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

The following table summarizes contractual maturities including capital leases at December 31, 2015 (dollars in millions):



	Automotive		Automotive Financing(a)		Total
2016	$	816	$	18,793	$	19,609
2017	514		12,822		13,336
2018	1,621		9,147		10,768
2019	103		4,285		4,388
2020	70		4,427		4,497
Thereafter	6,190		5,050		11,240
	$	9,314	$	54,524	$	63,838

________


(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, 2015			December 31, 2014
Secured debt	$	220		$	237
Unsecured debt	7,619			8,145
Capital leases	926			968
Total automotive debt(a)	$	8,765		$	9,350

Fair value utilizing Level 1 inputs	$	6,972		$	7,550
Fair value utilizing Level 2 inputs – a discounted cash flow model	2,116			2,249
Fair value of automotive debt	$	9,088		$	9,799

Available under credit facility agreements	$	12,168		$	12,026
Interest rate range on outstanding debt(b)	0.0-18.0%			0.0-18.0%
Weighted-average interest rate on outstanding short-term debt(b)	9.6		%	6.4		%
Weighted-average interest rate on outstanding long-term debt(b)	4.7		%	4.3		%

__________


(a)	Includes net discount and debt issuance costs of $549 million and $741 million at December 31, 2015 and 2014.


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

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, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt	$	30,689	$	30,671	$	25,173	$	25,228
Unsecured debt	23,657		23,726		12,142		12,479
Total GM Financial debt	$	54,346	$	54,397	$	37,315	$	37,707

Fair value utilizing Level 2 inputs – identical and similar instruments			$	48,716			$	32,790
Fair value utilizing Level 3 inputs			$	5,681			$	4,917

Pensions And Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2015

Defined Benefit Plan Disclosure [Line Items]

Schedule of amounts recorded in the consolidated balance sheets [Table Text Block]

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



	Year Ended December 31, 2015									Year Ended December 31, 2014
	Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans
	U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans
Change in benefit obligations
Beginning benefit obligation	$	76,724		$	27,897		$	6,625		$	71,480		$	27,528		$	6,348
Service cost	272			405			24			247			358			23
Interest cost	2,754			763			238			3,060			1,031			273
Actuarial (gains) losses	(2,623		)	(256		)	(209		)	7,770			3,179			448
Benefits paid	(5,641		)	(1,332		)	(407		)	(5,779		)	(1,699		)	(426		)
Foreign currency translation adjustments	—			(3,332		)	(225		)	—			(2,536		)	(108		)
Curtailments, settlements and other	—			(382		)	20			(54		)	36			67
Ending benefit obligation	71,486			23,763			6,066			76,724			27,897			6,625
Change in plan assets
Beginning fair value of plan assets	65,823			14,669			—			64,166			14,986			—
Actual return on plan assets	795			997			—			7,346			1,893			—
Employer contributions	95			1,120			385			143			770			402
Benefits paid	(5,641		)	(1,332		)	(407		)	(5,779		)	(1,699		)	(426		)
Foreign currency translation adjustments	—			(2,017		)	—			—			(1,232		)	—
Settlements and other	—			(447		)	22			(53		)	(49		)	24
Ending fair value of plan assets	61,072			12,990			—			65,823			14,669			—
Ending funded status	$	(10,414	)	$	(10,773	)	$	(6,066	)	$	(10,901	)	$	(13,228	)	$	(6,625	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	125		$	—		$	—		$	111		$	—
Current liabilities	(67		)	(334		)	(381		)	(69		)	(383		)	(396		)
Non-current liabilities	(10,347		)	(10,564		)	(5,685		)	(10,832		)	(12,956		)	(6,229		)
Net amount recorded	$	(10,414	)	$	(10,773	)	$	(6,066	)	$	(10,901	)	$	(13,228	)	$	(6,625	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial gain (loss)	$	116		$	(3,796	)	$	(689	)	$	452		$	(5,019	)	$	(942	)
Net prior service (cost) credit	31			(33		)	63			35			(57		)	88
Total recorded in Accumulated other comprehensive loss	$	147		$	(3,829	)	$	(626	)	$	487		$	(5,076	)	$	(854	)

Changes in Benefit Obligations, Plan Assets and Funded Status [Table Text Block]

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



	Year Ended December 31, 2015									Year Ended December 31, 2014
	Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans
	U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans
Change in benefit obligations
Beginning benefit obligation	$	76,724		$	27,897		$	6,625		$	71,480		$	27,528		$	6,348
Service cost	272			405			24			247			358			23
Interest cost	2,754			763			238			3,060			1,031			273
Actuarial (gains) losses	(2,623		)	(256		)	(209		)	7,770			3,179			448
Benefits paid	(5,641		)	(1,332		)	(407		)	(5,779		)	(1,699		)	(426		)
Foreign currency translation adjustments	—			(3,332		)	(225		)	—			(2,536		)	(108		)
Curtailments, settlements and other	—			(382		)	20			(54		)	36			67
Ending benefit obligation	71,486			23,763			6,066			76,724			27,897			6,625
Change in plan assets
Beginning fair value of plan assets	65,823			14,669			—			64,166			14,986			—
Actual return on plan assets	795			997			—			7,346			1,893			—
Employer contributions	95			1,120			385			143			770			402
Benefits paid	(5,641		)	(1,332		)	(407		)	(5,779		)	(1,699		)	(426		)
Foreign currency translation adjustments	—			(2,017		)	—			—			(1,232		)	—
Settlements and other	—			(447		)	22			(53		)	(49		)	24
Ending fair value of plan assets	61,072			12,990			—			65,823			14,669			—
Ending funded status	$	(10,414	)	$	(10,773	)	$	(6,066	)	$	(10,901	)	$	(13,228	)	$	(6,625	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	125		$	—		$	—		$	111		$	—
Current liabilities	(67		)	(334		)	(381		)	(69		)	(383		)	(396		)
Non-current liabilities	(10,347		)	(10,564		)	(5,685		)	(10,832		)	(12,956		)	(6,229		)
Net amount recorded	$	(10,414	)	$	(10,773	)	$	(6,066	)	$	(10,901	)	$	(13,228	)	$	(6,625	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial gain (loss)	$	116		$	(3,796	)	$	(689	)	$	452		$	(5,019	)	$	(942	)
Net prior service (cost) credit	31			(33		)	63			35			(57		)	88
Total recorded in Accumulated other comprehensive loss	$	147		$	(3,829	)	$	(626	)	$	487		$	(5,076	)	$	(854	)

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



	December 31, 2015				December 31, 2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
ABO	$	71,475	$	23,388	$	76,702	$	27,425
Plans with ABO in excess of plan assets
ABO	$	71,475	$	22,683	$	76,702	$	26,510
Fair value of plan assets	$	61,072	$	12,160	$	65,823	$	13,638
Plans with PBO in excess of plan assets
PBO	$	71,486	$	23,052	$	76,724	$	26,935
Fair value of plan assets	$	61,072	$	12,170	$	65,823	$	13,643

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



	December 31, 2015				December 31, 2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
ABO	$	71,475	$	23,388	$	76,702	$	27,425
Plans with ABO in excess of plan assets
ABO	$	71,475	$	22,683	$	76,702	$	26,510
Fair value of plan assets	$	61,072	$	12,160	$	65,823	$	13,638
Plans with PBO in excess of plan assets
PBO	$	71,486	$	23,052	$	76,724	$	26,935
Fair value of plan assets	$	61,072	$	12,170	$	65,823	$	13,643

Schedule of Net Periodic Pension and OPEB expense [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, 2015									Year Ended December 31, 2014									Year Ended December 31, 2013
	Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans
	U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans
Components of expense
Service cost	$	406		$	431		$	24		$	380		$	389		$	23		$	395		$	425		$	37
Interest cost	2,754			763			238			3,060			1,031			273			2,837			1,010			274
Expected return on plan assets	(3,896		)	(798		)	—			(3,914		)	(873		)	—			(3,562		)	(823		)	—
Amortization of prior service cost (credit)	(4		)	15			(14		)	(4		)	17			(16		)	(4		)	19			(130		)
Amortization of net actuarial (gains) losses	8			233			37			(91		)	154			8			6			208			91
Curtailments, settlements and other(a)	—			124			—			(1		)	3			—			(77		)	(6		)	(62		)
Net periodic pension and OPEB (income) expense	$	(732	)	$	768		$	285		$	(570	)	$	721		$	288		$	(405	)	$	833		$	210
Weighted-average assumptions used to determine benefit obligations
Discount rate	4.06		%	3.20		%	4.13		%	3.73		%	3.14		%	3.83		%	4.46		%	4.10		%	4.56		%
Rate of compensation increase(b)	N/A			2.79		%	4.21		%	N/A			2.85		%	4.21		%	N/A			2.90		%	4.21		%
Weighted-average assumptions used to determine net expense
Discount rate	3.73		%	3.15		%	3.83		%	4.46		%	4.10		%	4.56		%	3.59		%	3.69		%	3.75		%
Expected rate of return on plan assets	6.38		%	6.23		%	N/A			6.53		%	6.28		%	N/A			5.77		%	5.70		%	N/A
Rate of compensation increase(b)	N/A			2.85		%	4.21		%	N/A			2.90		%	4.21		%	N/A			2.77		%	4.46		%

_________


(a)	The curtailment charges recorded in the year ended December 31, 2015 were due primarily to the GM Canada hourly pension plan that was remeasured as a result of a voluntary separation program.


(b)	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, 2015									Year Ended December 31, 2014									Year Ended December 31, 2013
	Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans			Pension Benefits						Global OPEB Plans
	U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans			U.S.			Non-U.S.			Global OPEB Plans
Components of expense
Service cost	$	406		$	431		$	24		$	380		$	389		$	23		$	395		$	425		$	37
Interest cost	2,754			763			238			3,060			1,031			273			2,837			1,010			274
Expected return on plan assets	(3,896		)	(798		)	—			(3,914		)	(873		)	—			(3,562		)	(823		)	—
Amortization of prior service cost (credit)	(4		)	15			(14		)	(4		)	17			(16		)	(4		)	19			(130		)
Amortization of net actuarial (gains) losses	8			233			37			(91		)	154			8			6			208			91
Curtailments, settlements and other(a)	—			124			—			(1		)	3			—			(77		)	(6		)	(62		)
Net periodic pension and OPEB (income) expense	$	(732	)	$	768		$	285		$	(570	)	$	721		$	288		$	(405	)	$	833		$	210
Weighted-average assumptions used to determine benefit obligations
Discount rate	4.06		%	3.20		%	4.13		%	3.73		%	3.14		%	3.83		%	4.46		%	4.10		%	4.56		%
Rate of compensation increase(b)	N/A			2.79		%	4.21		%	N/A			2.85		%	4.21		%	N/A			2.90		%	4.21		%
Weighted-average assumptions used to determine net expense
Discount rate	3.73		%	3.15		%	3.83		%	4.46		%	4.10		%	4.56		%	3.59		%	3.69		%	3.75		%
Expected rate of return on plan assets	6.38		%	6.23		%	N/A			6.53		%	6.28		%	N/A			5.77		%	5.70		%	N/A
Rate of compensation increase(b)	N/A			2.85		%	4.21		%	N/A			2.90		%	4.21		%	N/A			2.77		%	4.46		%

_________


(a)	The curtailment charges recorded in the year ended December 31, 2015 were due primarily to the GM Canada hourly pension plan that was remeasured as a result of a voluntary separation program.


(b)	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 Net 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				Other Benefits
	U.S. Plans		Non-U.S. Plans		Global Plans
2016	$	5,636	$	1,464	$	384
2017	$	5,383	$	1,335	$	376
2018	$	5,228	$	1,264	$	367
2019	$	5,098	$	1,258	$	361
2020	$	4,979	$	1,255	$	357
2021 - 2025	$	22,874	$	6,060	$	1,745

Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of contributions to defined benefit pension plans [Table Text Block]

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



	Years Ended December 31,
	2015		2014		2013
U.S. hourly and salaried	$	95	$	143	$	128
Non-U.S.	1,120		770		886
Total	$	1,215	$	913	$	1,014

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, 2015				December 31, 2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Equity	14	%	21	%	16	%	27	%
Debt	62	%	50	%	60	%	47	%
Other(a)	24	%	29	%	24	%	26	%
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. and non-U.S. defined benefit pension plan assets by asset class (dollars in millions):



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2			Level 3		Total
U.S. Pension Plan Assets
Common and preferred stocks	$	7,637	$	18	$	8	$	7,663	$	10,033	$	30		$	3	$	10,066
Government and agency debt securities(a)	—		14,318		—		14,318		—		16,143			—		16,143
Corporate and other debt securities	—		22,963		1		22,964		—		22,725			83		22,808
Other investments, net	466		130		472		1,068		662		(180		)	711		1,193
Net plan assets subject to leveling	$	8,103	$	37,429	$	481	46,013		$	10,695	$	38,718		$	797	50,210
Plan assets measured at net asset value
Investment funds							6,321									6,172
Private equity and debt investments							4,529									5,347
Real estate investments							3,828									3,525
Total plan assets measured at net asset value							14,678									15,044
Other plan assets, net(b)							381									569
Net plan assets							$	61,072								$	65,823



	December 31, 2015									December 31, 2014
	Level 1		Level 2		Level 3		Total			Level 1		Level 2		Level 3		Total
Non-U.S. Pension Plan Assets
Common and preferred stocks	$	1,079	$	1	$	1	$	1,081		$	1,959	$	3	$	—	$	1,962
Government and agency debt securities(a)	—		3,258		—		3,258			—		3,614		—		3,614
Corporate and other debt securities	—		1,953		1		1,954			—		1,986		—		1,986
Other investments, net	47		47		642		736			138		46		726		910
Net plan assets subject to leveling	$	1,126	$	5,259	$	644	7,029			$	2,097	$	5,649	$	726	8,472
Plan assets measured at net asset value
Investment funds							4,475									4,440
Private equity and debt investments							529									509
Real estate investments							1,095									1,262
Total plan assets measured at net asset value							6,099									6,211
Other plan assets (liabilities), net(b)							(138		)							(14		)
Net plan assets							$	12,990								$	14,669

__________


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


(b)	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.

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Loss Contingencies [Line Items]

Commitment and Contingencies [Table Text Block]

The following table summarizes information related to the liabilities recorded for Commitments and contingencies (dollars in millions):



	December 31, 2015		December 31, 2014
Litigation-related liability and tax administrative matters	$	1,155	$	1,000
Product liability	$	712	$	732
Ignition Switch Recall compensation program	$	66	$	315
Credit card programs(a)
Redemption liability – recorded in Accrued liabilities	$	115	$	87
Deferred revenue – recorded in Other liabilities	$	258	$	263
Environmental liability	$	124	$	133
Guarantees	$	72	$	88

__________


(a)	Credit card programs offer rebates that can be applied primarily against the purchase or lease of our vehicles. At December 31, 2015 and 2014 qualified cardholders had rebates available, net of deferred program revenue, of $2.0 billion and $2.3 billion.

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):



	2016			2017			2018			2019			2020			Thereafter
Minimum commitments(a)	$	284		$	232		$	202		$	178		$	137		$	385
Sublease income	(55		)	(57		)	(54		)	(52		)	(41		)	(233		)
Net minimum commitments	$	229		$	175		$	148		$	126		$	96		$	152

__________


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

Ignition Switch Recall Compensation Program [Member]

Loss Contingencies [Line Items]

Commitment and Contingencies [Table Text Block]

The following table summarizes the activity for the Program since its inception (dollars in millions):



	Activity
Balance at April 1, 2014	$	—
Provisions	400
Payments	(85		)
Balance at December 31, 2014	315
Provisions	195
Payments	(444		)
Balance at December 31, 2015	$	66

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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

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



	Years Ended December 31,
	2015			2014		2013
U.S. income	$	5,594		$	1,683	$	4,880
Non-U.S. income (loss)	(70		)	469		768
Income before income taxes and equity income	$	5,524		$	2,152	$	5,648

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,
	2015			2014			2013
Current income tax expense (benefit)
U.S. federal	$	5		$	(23	)	$	(34	)
U.S. state and local	(5		)	154			88
Non-U.S.	860			671			512
Total current income tax expense	860			802			566
Deferred income tax expense (benefit)
U.S. federal	1,001			(581		)	1,049
U.S. state and local	199			(60		)	137
Non-U.S.	(3,957		)	67			375
Total deferred income tax expense (benefit)	(2,757		)	(574		)	1,561
Total income tax expense (benefit)	$	(1,897	)	$	228		$	2,127

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,
	2015			2014			2013
Income tax expense at U.S. federal statutory income tax rate	$	1,933		$	753		$	1,977
State and local tax expense	115			73			145
Non-U.S. income taxed at other than 35%	(28		)	(72		)	(168		)
U.S. tax on Non-U.S. income	(417		)	(8		)	543
Change in valuation allowance	(3,666		)	(402		)	182
Change in tax laws	29			602			146
Research and manufacturing incentives	(367		)	(279		)	(490		)
Goodwill impairment	—			41			124
Settlements of prior year tax matters	—			(275		)	(473		)
Realization of basis differences in affiliates	—			(256		)	—
Foreign currency remeasurement	209			124			(21		)
Financial penalty under the DPA(a)	315
Other adjustments	(20		)	(73		)	162
Total income tax expense (benefit)	$	(1,897	)	$	228		$	2,127

_________


(a)	Refer to Note 15 for additional information on the DPA.

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, 2015			December 31, 2014
Deferred tax assets
Postretirement benefits other than pensions	$	2,712		$	2,958
Pension and other employee benefit plans	6,502			7,503
Warranties, dealer and customer allowances, claims and discounts	5,495			5,512
Property, plants and equipment	1,981			2,323
U.S. capitalized research expenditures	7,413			8,588
U.S. operating loss and tax credit carryforwards(a)	8,623			7,631
Non-U.S. operating loss and tax credit carryforwards(b)	5,826			6,505
Miscellaneous	3,316			3,286
Total deferred tax assets before valuation allowances	41,868			44,306
Less: valuation allowances	(5,021		)	(9,659		)
Total deferred tax assets	36,847			34,647
Deferred tax liabilities
Intangible assets	590			416
Net deferred tax assets	$	36,257		$	34,231

_________


(a)	At December 31, 2015 U.S. operating loss and tax credit carryforwards of $8.0 billion expire by 2035 if not utilized and the remaining balance of $607 million may be carried forward indefinitely.


(b)	At December 31, 2015 Non-U.S. operating loss and tax credit carryforwards of $1.7 billion expire by 2035 if not utilized and the remaining balance of $4.1 billion may be carried forward indefinitely.

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,
	2015			2014			2013
Beginning balance	$	1,877		$	2,530		$	2,745
Additions to current year tax positions	54			184			251
Additions to prior years' tax positions	115			149			276
Reductions to prior years' tax positions	(378		)	(603		)	(535		)
Reductions in tax positions due to lapse of statutory limitations	(201		)	(164		)	(73		)
Settlements	(3		)	(138		)	(132		)
Other	(79		)	(81		)	(2		)
Ending balance	$	1,385		$	1,877		$	2,530

Restructuring And Other Initiatives (Tables)

12 Months Ended

Dec. 31, 2015

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, 2013	$	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
Additions, interest accretion and other	102			149			208			107			566
Payments	(77		)	(549		)	(160		)	(97		)	(883		)
Revisions to estimates and effect of foreign currency	(341		)	(81		)	(53		)	(5		)	(480		)
Balance at December 31, 2015(a)	$	143		$	270		$	161		$	7		$	581

__________


(a)	The remaining cash payments related to these reserves for restructuring and other initiatives, including temporary layoff benefits of $14 million, $354 million and $353 million at December 31, 2015, 2014 and 2013 for GMNA, relate primarily to postemployment benefits to be paid.

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

12 Months Ended

Dec. 31, 2015

Interest and Other Income [Abstract]

Interest Income and Other Non-Operating Income, net [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,
	2015		2014		2013
Interest income	$	169	$	211	$	246
Foreign currency transaction and remeasurement gains (losses)	297		378		(154		)
Gains on securities and other investments - realized and unrealized	7		13		691
Other	148		221		280
Total interest income and other non-operating income, net	$	621	$	823	$	1,063

Stockholders' Equity and Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class [Table Text Block]

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



	Liquidation Preference Per Share		Dividend Per Annum		Dividends Paid
					Years Ended December 31,
					2015	2014		2013
Series A Preferred Stock	$	25.00	9.00	%		$	1,160	$	1,370
Series B Preferred Stock	$	50.00	4.75	%				$	237

Schedule of Accumulated Other Comprehensive Loss [Table Text Block]

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



	Years Ended December 31,
	2015			2014			2013
Foreign Currency Translation Adjustments
Balance at beginning of period	$	(1,064	)	$	(614	)	$	101
Other comprehensive loss before reclassification adjustment, net of tax(a)	(1,153		)	(475		)	(733		)
Reclassification adjustment, net of tax(a)(b)	198			2			—
Other comprehensive loss, net of tax(a)	(955		)	(473		)	(733		)
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax(a)	(15		)	23			18
Balance at end of period	$	(2,034	)	$	(1,064	)	$	(614	)
Defined Benefit Plans, Net
Balance at beginning of period	$	(7,006	)	$	(2,501	)	$	(8,194	)
Other comprehensive income (loss) before reclassification adjustment	817			(6,477		)	8,679
Tax expense (benefit)	41			(1,854		)	3,087
Other comprehensive income (loss) before reclassification adjustment, net of tax	776			(4,623		)	5,592
Reclassification adjustment, net of tax(a)(c)	235			118			101
Other comprehensive income (loss), net of tax	1,011			(4,505		)	5,693
Other comprehensive loss attributable to noncontrolling interests, net of tax(a)	(4		)	—			—
Balance at end of period	$	(5,999	)	$	(7,006	)	$	(2,501	)

__________


(a)	The income tax effect was insignificant in the years ended December 31, 2015, 2014 and 2013.


(b)	Related to the change of our business model in Russia. Included in Automotive cost of sales. Refer to Note 17 for additional information.


(c)	Included in the computation of net periodic pension and OPEB (income) expense. Refer to Note 13 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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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