0001467858-20-000028 | 10-K | XBRL Viewer

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table summarizes our minimum commitments under noncancelable operating leases having initial terms in excess of one year, primarily for property, at December 31, 2018 as disclosed in our 2018 Form 10-K:



	Years Ending December 31,
	2019			2020			2021			2022			2023			Thereafter			Total
Minimum commitments(a)	$	296		$	286		$	247		$	180		$	146		$	582		$	1,737
Sublease income	(61		)	(51		)	(44		)	(38		)	(33		)	(129		)	(356		)
Net minimum commitments	$	235		$	235		$	203		$	142		$	113		$	453		$	1,381

_________

(a)

Certain leases contain escalation clauses and renewal or purchase options.

Consolidated Income Statements - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net sales and revenue
Automotive	$ 122,697	$ 133,045
Total net sales and revenue (Note 3)	137,237	147,049	$ 145,588
Costs and expenses
Automotive and other cost of sales	110,651	120,656	116,229
Automotive and other selling, general and administrative expense	8,491	9,650	9,570
Total costs and expenses	131,756	142,604	136,927
Operating income	5,481	4,445	8,661
Automotive interest expense	782	655	575
Interest income and other non-operating income, net (Note 19)	1,469	2,596	1,645
Equity income (Note 8)	1,268	2,163	2,132
Income before income taxes	7,436	8,549	11,863
Income tax expense (Note 17)	769	474	11,533
Income from continuing operations	6,667	8,075	330
Loss from discontinued operations, net of tax (Note 22)	0	70	4,212
Net income (loss)	6,667	8,005	(3,882)
Net loss attributable to noncontrolling interests	65	9	18
Net income (loss) attributable to stockholders	6,732	8,014	(3,864)
Net income (loss) attributable to common stockholders	$ 6,581	$ 7,916	$ (3,880)
Earnings per share (Note 21)
Basic earnings per common share – continuing operations (in dollars per share)	$ 4.62	$ 5.66	$ 0.23
Basic loss per common share – discontinued operations (in dollars per share)	0	0.05	2.88
Basic earnings (loss) per common share (in dollars per share)	$ 4.62	$ 5.61	$ (2.65)
Weighted-average common shares outstanding – basic (in shares)	1,424	1,411	1,465
Diluted earnings per common share – continuing operations (in dollars per share)	$ 4.57	$ 5.58	$ 0.22
Diluted loss per common share – discontinued operations (in dollars per share)	0	0.05	2.82
Diluted earnings (loss) per common share (in dollars per share)	$ 4.57	$ 5.53	$ (2.60)
Weighted-average common shares outstanding – diluted (in shares)	1,439	1,431	1,492
Automotive
Net sales and revenue
Automotive	$ 122,697	$ 133,045	$ 133,449
GM Financial
Net sales and revenue
Total net sales and revenue (Note 3)	14,540	14,004	12,139
Costs and expenses
GM Financial interest, operating and other expenses	$ 12,614	$ 12,298	$ 11,128

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Automotive
Allowance for doubtful accounts and notes receivable	$ 201	$ 211

Interest Income and Other Non-Operating Income (Tables)

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Schedule of Interest Income and Other Non-Operating Income, net



	Years Ended December 31,
	2019			2018		2017
Non-service pension and OPEB income	$	797		$	1,665	$	1,316
Interest income	429			335		266
Licensing agreements income	165			296		74
Revaluation of investments	80			258		(56		)
Other	(2		)	42		45
Total interest income and other non-operating income, net	$	1,469		$	2,596	$	1,645

Equipment on Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property Subject to or Available for Operating Lease [Line Items]
Residual value of leased assets	$ 30,400
Vehicles
Property Subject to or Available for Operating Lease [Line Items]
Equipment on operating leases	53,081	$ 55,282
Less: accumulated depreciation	(10,989)	(11,476)
Equipment on operating leases, net	42,092	43,806
Depreciation expense	7,300	$ 7,500	$ 6,700
Vehicles \| GM Financial
Lease receipts under operating leases
2020	6,517
2021	4,080
2022	1,607
2023	137
2024	4
Total	$ 12,345

Nature Of Operations and Basis of Presentation	12 Months Ended
Nature Of Operations and Basis of Presentation	Dec. 31, 2019
Nature of Operations and Basis of Presentation [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation General Motors Company was incorporated as a Delaware corporation in 2009. We design, build and sell trucks, crossovers, cars and automobile parts worldwide and are investing in and growing an autonomous vehicle business. We also provide automotive financing services through GM Financial. We analyze the results of our continuing operations through the following operating segments: GMNA, GM International Operations (GMIO), GM South America (GMSA), Cruise and GM Financial. Our GMSA and GMIO operating segments are reported as one, combined international segment, GMI. Cruise, formerly GM Cruise, is our global segment responsible for the development and commercialization of autonomous vehicle technology. Nonsegment operations and Maven, our ride- and car-sharing business, are classified as Corporate. Corporate includes certain centrally recorded income and costs such as interest, income taxes, corporate expenditures and certain nonsegment-specific revenues and expenses. On July 31, 2017 we closed the sale of the Opel/Vauxhall Business to PSA Group. On October 31, 2017 we closed the sale of the Fincos to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A. The European Business is presented as discontinued operations in our consolidated financial statements for all periods presented. Unless otherwise indicated, information in this report relates to our continuing operations. Refer to Note 22 for additional information on our discontinued operations. In 2019 we changed the presentation of our consolidated balance sheets to reclassify the current portion of Equipment on operating leases, net to Other current assets. We have made corresponding reclassifications to the comparable information for all periods presented. 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. Except for per share amounts or as otherwise specified, amounts presented within tables are stated in millions. We consolidate entities that we control due to ownership of a majority voting interest and we consolidate variable interest entities (VIEs) when we are the primary beneficiary. Our share of earnings or losses of nonconsolidated affiliates is included in our consolidated operating results using the equity method of accounting when we are able to exercise significant influence over the operating and financial decisions of the affiliate. 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. GM Financial The amounts presented for GM Financial have been adjusted to include the effect of our tax attributes on GM Financial's deferred tax positions and provision for income taxes, which are not applicable to GM Financial on a stand-alone basis, and to eliminate the effect of transactions between GM Financial and the other members of the consolidated group. Accordingly, the amounts presented will differ from those presented by GM Financial on a stand-alone basis.

GM Financial Receivables and Transactions - Summary of Finance Receivables (Details) - GM Financial - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finance Receivables [Line Items]
Finance receivables, collectively evaluated for impairment, net of fees	$ 51,446	$ 50,455
Finance receivables, individually evaluated for impairment, net of fees	2,454	2,389
GM Financial receivables	53,900	52,844
Less: allowance for loan losses	(944)	(911)	$ (942)	$ (805)
GM Financial receivables, net	52,956	51,933
Specific allowance	348	325	$ 331
Commercial Finance Receivables
Finance Receivables [Line Items]
Finance receivables, collectively evaluated for impairment, net of fees	11,595	12,235
Finance receivables, individually evaluated for impairment, net of fees	76	41
GM Financial receivables	11,671	12,276
Less: allowance for loan losses	(78)	(67)
GM Financial receivables, net	11,593	12,209
Dealer cash management balances	1,200	922
Retail Finance Receivables
Finance Receivables [Line Items]
Finance receivables, collectively evaluated for impairment, net of fees	39,851	38,220
Finance receivables, individually evaluated for impairment, net of fees	2,378	2,348
GM Financial receivables	42,229	40,568
Less: allowance for loan losses	(866)	(844)
GM Financial receivables, net	41,363	39,724
Specific allowance	330	321
Level 2
Finance Receivables [Line Items]
Fair value of GM Financial receivables	11,593	12,209
Level 3
Finance Receivables [Line Items]
Fair value of GM Financial receivables	$ 41,973	$ 39,430

Goodwill and Intangible Assets - Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 1,900	$ 1,900
GM Financial
Goodwill [Line Items]
Goodwill	1,400	1,400
Cruise
Goodwill [Line Items]
Goodwill	$ 504	$ 504

Pensions And Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Defined Benefit Plan Disclosure [Line Items]

Changes in Benefit Obligations, Plan Assets and Funded Status



	Year Ended December 31, 2019									Year Ended December 31, 2018
	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	$	61,190		$	19,904		$	5,744		$	68,450		$	22,789		$	6,374
Service cost	179			120			17			209			149			20
Interest cost	2,264			456			220			2,050			464			195
Actuarial (gains) losses	6,444			1,653			641			(4,449		)	(272		)	(389		)
Benefits paid	(4,753		)	(1,234		)	(395		)	(4,898		)	(1,595		)	(388		)
Foreign currency translation adjustments	—			561			54			—			(1,452		)	(106		)
Curtailments, settlements and other	(640		)	(62		)	23			(172		)	(179		)	38
Ending benefit obligation	64,684			21,398			6,304			61,190			19,904			5,744
Change in plan assets
Beginning fair value of plan assets	56,102			13,528			—			62,639			14,495			—
Actual return on plan assets	8,454			1,669			—			(1,419		)	301			—
Employer contributions	83			532			370			76			1,624			369
Benefits paid	(4,753		)	(1,234		)	(395		)	(4,898		)	(1,595		)	(388		)
Foreign currency translation adjustments	—			668			—			—			(1,106		)	—
Settlements and other	(647		)	(202		)	25			(296		)	(191		)	19
Ending fair value of plan assets	59,239			14,961			—			56,102			13,528			—
Ending funded status	$	(5,445	)	$	(6,437	)	$	(6,304	)	$	(5,088	)	$	(6,376	)	$	(5,744	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	698		$	—		$	—		$	496		$	—
Current liabilities	(68		)	(342		)	(369		)	(73		)	(349		)	(374		)
Non-current liabilities	(5,377		)	(6,793		)	(5,935		)	(5,015		)	(6,523		)	(5,370		)
Net amount recorded	$	(5,445	)	$	(6,437	)	$	(6,304	)	$	(5,088	)	$	(6,376	)	$	(5,744	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss	$	(1,980	)	$	(4,688	)	$	(1,364	)	$	(752	)	$	(3,983	)	$	(752	)
Net prior service (cost) credit	14			(78		)	27			19			(64		)	34
Total recorded in Accumulated other comprehensive loss	$	(1,966	)	$	(4,766	)	$	(1,337	)	$	(733	)	$	(4,047	)	$	(718	)

Schedule of amounts recorded in the consolidated balance sheets



	Year Ended December 31, 2019									Year Ended December 31, 2018
	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	$	61,190		$	19,904		$	5,744		$	68,450		$	22,789		$	6,374
Service cost	179			120			17			209			149			20
Interest cost	2,264			456			220			2,050			464			195
Actuarial (gains) losses	6,444			1,653			641			(4,449		)	(272		)	(389		)
Benefits paid	(4,753		)	(1,234		)	(395		)	(4,898		)	(1,595		)	(388		)
Foreign currency translation adjustments	—			561			54			—			(1,452		)	(106		)
Curtailments, settlements and other	(640		)	(62		)	23			(172		)	(179		)	38
Ending benefit obligation	64,684			21,398			6,304			61,190			19,904			5,744
Change in plan assets
Beginning fair value of plan assets	56,102			13,528			—			62,639			14,495			—
Actual return on plan assets	8,454			1,669			—			(1,419		)	301			—
Employer contributions	83			532			370			76			1,624			369
Benefits paid	(4,753		)	(1,234		)	(395		)	(4,898		)	(1,595		)	(388		)
Foreign currency translation adjustments	—			668			—			—			(1,106		)	—
Settlements and other	(647		)	(202		)	25			(296		)	(191		)	19
Ending fair value of plan assets	59,239			14,961			—			56,102			13,528			—
Ending funded status	$	(5,445	)	$	(6,437	)	$	(6,304	)	$	(5,088	)	$	(6,376	)	$	(5,744	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	698		$	—		$	—		$	496		$	—
Current liabilities	(68		)	(342		)	(369		)	(73		)	(349		)	(374		)
Non-current liabilities	(5,377		)	(6,793		)	(5,935		)	(5,015		)	(6,523		)	(5,370		)
Net amount recorded	$	(5,445	)	$	(6,437	)	$	(6,304	)	$	(5,088	)	$	(6,376	)	$	(5,744	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss	$	(1,980	)	$	(4,688	)	$	(1,364	)	$	(752	)	$	(3,983	)	$	(752	)
Net prior service (cost) credit	14			(78		)	27			19			(64		)	34
Total recorded in Accumulated other comprehensive loss	$	(1,966	)	$	(4,766	)	$	(1,337	)	$	(733	)	$	(4,047	)	$	(718	)

Schedule of Projected Benefit Obligations in Excess of Fair Value of Plan Assets

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:



	December 31, 2019				December 31, 2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
ABO	$	64,669	$	21,319	$	61,177	$	19,822
Plans with ABO in excess of plan assets
ABO	$	64,669	$	10,996	$	61,177	$	10,289
Fair value of plan assets	$	59,239	$	3,940	$	56,102	$	3,485
Plans with PBO in excess of plan assets
PBO	$	64,684	$	11,079	$	61,190	$	10,356
Fair value of plan assets	$	59,239	$	3,940	$	56,102	$	3,485

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets



	December 31, 2019				December 31, 2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
ABO	$	64,669	$	21,319	$	61,177	$	19,822
Plans with ABO in excess of plan assets
ABO	$	64,669	$	10,996	$	61,177	$	10,289
Fair value of plan assets	$	59,239	$	3,940	$	56,102	$	3,485
Plans with PBO in excess of plan assets
PBO	$	64,684	$	11,079	$	61,190	$	10,356
Fair value of plan assets	$	59,239	$	3,940	$	56,102	$	3,485

Schedule of Net Periodic Pension and OPEB expense

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



	Year Ended December 31, 2019									Year Ended December 31, 2018									Year Ended December 31, 2017
	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	$	393		$	132		$	17		$	330		$	163		$	20		$	315		$	199		$	19
Interest cost	2,264			456			220			2,050			464			195			2,145			473			202
Expected return on plan assets	(3,483		)	(786		)	—			(3,890		)	(825		)	—			(3,677		)	(750		)	—
Amortization of net actuarial (gains) losses	11			122			30			10			144			54			(6		)	157			23
Curtailments, settlements and other	21			142			(23		)	(19		)	43			(19		)	(37		)	8			(5		)
Net periodic pension and OPEB (income) expense	$	(794	)	$	66		$	244		$	(1,519	)	$	(11	)	$	250		$	(1,260	)	$	87		$	239
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate	3.20		%	2.16		%	3.24		%	4.22		%	2.86		%	4.19		%	3.53		%	2.66		%	3.52		%
Weighted-average assumptions used to determine net expense(a)
Discount rate	3.92		%	3.36		%	4.07		%	3.19		%	2.99		%	3.29		%	3.35		%	2.94		%	3.39		%
Expected rate of return on plan assets	6.37		%	5.76		%	N/A			6.61		%	6.09		%	N/A			6.23		%	5.82		%	N/A

_________

(a)

The rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.

Schedule of Assumptions Used

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



	Year Ended December 31, 2019									Year Ended December 31, 2018									Year Ended December 31, 2017
	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	$	393		$	132		$	17		$	330		$	163		$	20		$	315		$	199		$	19
Interest cost	2,264			456			220			2,050			464			195			2,145			473			202
Expected return on plan assets	(3,483		)	(786		)	—			(3,890		)	(825		)	—			(3,677		)	(750		)	—
Amortization of net actuarial (gains) losses	11			122			30			10			144			54			(6		)	157			23
Curtailments, settlements and other	21			142			(23		)	(19		)	43			(19		)	(37		)	8			(5		)
Net periodic pension and OPEB (income) expense	$	(794	)	$	66		$	244		$	(1,519	)	$	(11	)	$	250		$	(1,260	)	$	87		$	239
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate	3.20		%	2.16		%	3.24		%	4.22		%	2.86		%	4.19		%	3.53		%	2.66		%	3.52		%
Weighted-average assumptions used to determine net expense(a)
Discount rate	3.92		%	3.36		%	4.07		%	3.19		%	2.99		%	3.29		%	3.35		%	2.94		%	3.39		%
Expected rate of return on plan assets	6.37		%	5.76		%	N/A			6.61		%	6.09		%	N/A			6.23		%	5.82		%	N/A

_________

(a)

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

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



	Pension Benefits				Global OPEB Plans
	U.S. Plans		Non-U.S. Plans		Global OPEB Plans
2020	$	4,942	$	1,529	$	372
2021	$	4,755	$	1,201	$	369
2022	$	4,631	$	1,164	$	365
2023	$	4,515	$	1,130	$	360
2024	$	4,407	$	1,104	$	357
2025 - 2029	$	20,257	$	5,166	$	1,755

Pension Plan

Defined Benefit Plan Disclosure [Line Items]

Schedule of contributions to defined benefit pension plans

The following table summarizes contributions made to the defined benefit pension plans:



	Years Ended December 31,
	2019		2018		2017
U.S. hourly and salaried	$	83	$	76	$	77
Non-U.S.	532		1,624		1,153
Total	$	615	$	1,700	$	1,230

Schedules of Fair Value of Plan Assets by Asset Class and Target Allocations

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



	December 31, 2019				December 31, 2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
Equity	12	%	14	%	12	%	14	%
Debt	64	%	67	%	64	%	66	%
Other(a)	24	%	19	%	24	%	20	%
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:



	December 31, 2019									December 31, 2018
	Level 1			Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
U.S. Pension Plan Assets
Common and preferred stocks	$	6,232		$	19	$	1	$	6,252	$	4,914	$	18	$	2	$	4,934
Government and agency debt securities(a)	—			13,843		—		13,843		—		12,077		—		12,077
Corporate and other debt securities	—			24,809		—		24,809		—		24,645		—		24,645
Other investments, net(b)	(47		)	25		401		379		350		80		371		801
Net plan assets subject to leveling	$	6,185		$	38,696	$	402	45,283		$	5,264	$	36,820	$	373	42,457
Plan assets measured at net asset value
Investment funds								7,031								6,465
Private equity and debt investments								2,951								3,021
Real estate investments								3,484								3,504
Total plan assets measured at net asset value								13,466								12,990
Other plan assets, net(c)								490								655
Net plan assets								$	59,239							$	56,102



	December 31, 2019										December 31, 2018
	Level 1			Level 2			Level 3		Total		Level 1		Level 2		Level 3		Total
Non-U.S. Pension Plan Assets
Common and preferred stocks	$	489		$	1		$	—	$	490	$	441	$	1	$	5	$	447
Government and agency debt securities(a)	—			3,927			—		3,927		—		3,640		—		3,640
Corporate and other debt securities	—			3,230			—		3,230		—		2,589		1		2,590
Other investments, net(b)(d)	(5		)	(107		)	248		136		59		128		242		429
Net plan assets subject to leveling	$	484		$	7,051		$	248	7,783		$	500	$	6,358	$	248	7,106
Plan assets measured at net asset value
Investment funds									5,608								5,081
Private equity and debt investments									511								526
Real estate investments									982								980
Total plan assets measured at net asset value									7,101								6,587
Other plan assets (liabilities), net(c)									77								(165		)
Net plan assets									$	14,961							$	13,528

__________


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


(b)	Includes net derivative assets (liabilities).


(c)	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.

(d)

Level 2 Other investments, net includes Canadian reverse repurchase agreements.

Equity In Net Assets Of Nonconsolidated Affiliates

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Equity in Net Assets of Nonconsolidated Affiliates

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



	Years Ended December 31,
	2019		2018		2017
Automotive China equity income	$	1,132	$	1,981	$	1,976
Other joint ventures equity income	136		182		156
Total Equity income	$	1,268	$	2,163	$	2,132

Investments in Nonconsolidated Affiliates



	December 31, 2019		December 31, 2018
Automotive China carrying amount	$	7,044	$	7,779
Other investments carrying amount	1,518		1,436
Total equity in net assets of nonconsolidated affiliates	$	8,562	$	9,215

The carrying amount of our investments in certain joint ventures exceeded our share of the underlying net assets by $4.2 billion and $4.4 billion at December 31, 2019 and 2018 primarily due to goodwill from the application of fresh-start reporting and the purchase of additional interests in nonconsolidated affiliates.

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



	December 31, 2019		December 31, 2018
Automotive China JVs
SAIC General Motors Corp., Ltd. (SGM)	50	%	50	%
Pan Asia Technical Automotive Center Co., Ltd.	50	%	50	%
SAIC General Motors Sales Co., Ltd.	49	%	49	%
SAIC GM Wuling Automobile Co., Ltd. (SGMW)	44	%	44	%
Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar)	40	%	40	%
SAIC GM (Shenyang) Norsom Motors Co., Ltd. (SGM Norsom)	25	%	25	%
SAIC GM Dong Yue Motors Co., Ltd. (SGM DY)	25	%	25	%
SAIC GM Dong Yue Powertrain Co., Ltd. (SGM DYPT)	25	%	25	%
FAW-GM Light Duty Commercial Vehicle Co., Ltd. (FAW-GM)(a)	—	%	50	%
Other joint ventures
SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC)	35	%	35	%
SAIC-GMF Leasing Co., Ltd.	35	%	35	%

________


(a)	In 2019, we divested our joint venture FAW-GM.

SGM is a joint venture we established with Shanghai Automotive Industry Corporation (SAIC) (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 ourselves. These four joint ventures are engaged in the production, import and sale of a range of products under the Buick, Chevrolet and Cadillac brands. SGM also has interests in Shanghai OnStar (20%), SAIC-GMAC (20%) and SAIC-GMF Leasing Co., Ltd. (20%). Shanghai Automotive Group Finance Company Ltd., a subsidiary of SAIC, owns 45% of SAIC-GMAC. SAIC Financial Holdings Company, a subsidiary of SAIC, owns 45% of SAIC-GMF Leasing Co., Ltd.

Summarized Financial Data of Nonconsolidated Affiliates



	December 31, 2019						December 31, 2018
	Automotive China JVs		Others		Total		Automotive China JVs		Others		Total
Summarized Balance Sheet Data
Current assets	$	14,035	$	13,319	$	27,354	$	16,506	$	16,234	$	32,740
Non-current assets	14,484		6,680		21,164		14,012		3,870		17,882
Total assets	$	28,519	$	19,999	$	48,518	$	30,518	$	20,104	$	50,622

Current liabilities	$	21,256	$	11,588	$	32,844	$	21,574	$	13,985	$	35,559
Non-current liabilities	968		5,017		5,985		1,689		2,826		4,515
Total liabilities	$	22,224	$	16,605	$	38,829	$	23,263	$	16,811	$	40,074

Noncontrolling interests	$	847	$	1	$	848	$	865	$	1	$	866



	Years Ended December 31,
	2019		2018		2017
Summarized Operating Data
Automotive China JVs' net sales	$	39,123	$	50,316	$	50,065
Others' net sales	1,815		1,721		2,542
Total net sales	$	40,938	$	52,037	$	52,607

Automotive China JVs' net income	$	2,258	$	3,992	$	3,984
Others' net income	477		536		648
Total net income	$	2,735	$	4,528	$	4,632

Transactions with Nonconsolidated Affiliates Our nonconsolidated affiliates are involved in various aspects of the development, production and marketing of trucks, crossovers, cars and automobile parts. We enter into transactions with certain nonconsolidated affiliates to purchase and sell component parts and vehicles. The following tables summarize transactions with and balances related to our nonconsolidated affiliates:



	Years Ended December 31,
	2019		2018		2017
Automotive sales and revenue	$	199	$	406	$	923
Automotive purchases, net	$	1,065	$	1,155	$	674
Dividends received	$	1,852	$	2,022	$	2,000
Operating cash flows	$	913	$	657	$	2,321



	December 31, 2019		December 31, 2018
Accounts and notes receivable, net	$	1,007	$	979
Accounts payable	$	369	$	163
Undistributed earnings	$	2,118	$	2,331

Marketable and Other Securities - Fair Value of Cash Equivalents and Marketable Securities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Total cash and cash equivalents	$ 19,069	$ 20,844
Cash and cash equivalents	292	260
Total restricted cash	3,874	2,652
Due in one year or less	10,213
Due between one and five years	2,750
Total available-for-sale debt securities with contractual maturities	12,963
GM Korea
Marketable Securities [Line Items]
Cash and time deposits	248	616
Cruise
Marketable Securities [Line Items]
Total cash and cash equivalents	2,300	2,300
Cash And Cash Equivalents
Marketable Securities [Line Items]
Cash and time deposits	6,828	7,254
Total available-for-sale debt securities with contractual maturities	9,470	10,423
Cash And Cash Equivalents \| Level 2 \| U.S. government and agencies
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	1,484	4,656
Cash And Cash Equivalents \| Level 2 \| Corporate Debt
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	5,863	3,791
Cash And Cash Equivalents \| Level 2 \| Sovereign Debt
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	2,123	1,976
Cash And Cash Equivalents \| Level 1
Marketable Securities [Line Items]
Money market funds	2,771	3,167
Marketable Securities
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	4,174	5,966
Marketable Securities \| Cruise
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	266
Marketable Securities \| Level 2 \| U.S. government and agencies
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	226	1,230
Marketable Securities \| Level 2 \| Corporate Debt
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	2,932	3,478
Marketable Securities \| Level 2 \| Sovereign Debt
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	335	563
Marketable Securities \| Level 2 \| Mortgage and asset-backed
Marketable Securities [Line Items]
Total available-for-sale debt securities with contractual maturities	681	695
Restricted cash - cash equivalents \| Level 1
Marketable Securities [Line Items]
Money market funds	$ 3,582	$ 2,392

Debt - Secured Debt and Unsecured Debt (Details) - USD ($)	1 Months Ended		12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jul. 31, 2020	Jan. 31, 2020
Debt Instrument [Line Items]
Finance lease assets			$ 327,000,000
Finance lease costs			170,000,000
Finance lease right of use assets obtained in exchange for lease obligations			196,000,000
Finance lease payments for 2020			129,000,000
Finance lease payments for years 2021 to 2024			156,000,000
Finance lease payments thereafter			354,000,000
Imputed interest			$ 329,000,000
Weighted-average discount rate on finance leases			10.90%
Weighted-average remaining lease term			13 years 8 months 12 days
Payments for finance leases			$ 183,000,000
Proceeds from issuance of debt (original maturities greater than three months)			$ 36,937,000,000	$ 43,801,000,000	$ 52,187,000,000
Automotive
Debt Instrument [Line Items]
Weighted-average interest rate on outstanding long-term debt			5.40%	5.20%
Revolving Credit Facility \| GM Financial \| Unsecured Debt
Debt Instrument [Line Items]
Weighted-average interest rate			4.73%
Maximum \| Revolving Credit Facility \| GM Financial \| Unsecured Debt
Debt Instrument [Line Items]
Debt term			4 years
Line of Credit \| Unsecured Debt
Debt Instrument [Line Items]
Aggregate borrowing capacity		$ 3,000,000,000.0
Proceeds from issuance of debt (original maturities greater than three months)			$ 700,000,000
Line of Credit \| GM Financial \| Unsecured Debt
Debt Instrument [Line Items]
Aggregate borrowing capacity	$ 2,000,000,000.0
Debt term	364 days
Debt renewal term	364 days
Line of Credit \| Three-Year Revolving Credit Facility January 2019 \| Unsecured Debt
Debt Instrument [Line Items]
Debt term		3 years
Line of Credit \| Revolving Credit Facility \| GM Financial \| Secured Debt
Debt Instrument [Line Items]
Increase to maximum borrowing capacity			225,000,000
Senior Notes \| GM Financial \| Unsecured Debt
Debt Instrument [Line Items]
Amount of debt issued			$ 6,900,000,000
Weighted-average interest rate			3.63%
Weighted-average interest rate on outstanding long-term debt			3.42%
Senior Notes \| GM Financial \| Subsequent Event
Debt Instrument [Line Items]
Amount of debt issued							$ 1,250,000,000
Stated interest rate							2.90%
Notes Payable, Other Payables \| GM Financial \| Secured Debt \| Securitization notes payable
Debt Instrument [Line Items]
Amount of debt issued			$ 16,200,000,000
Weighted-average interest rate			2.75%
Weighted-average interest rate on outstanding long-term debt			2.95%
Forecast \| Line of Credit \| Three-Year Revolving Credit Facility January 2019 \| Unsecured Debt
Debt Instrument [Line Items]
Aggregate borrowing capacity						$ 2,000,000,000.0

Pensions And Other Postretirement Benefits - Pensions and OPEB Obligations and Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension Plan
Change in plan assets
Employer contributions	$ 615	$ 1,700	$ 1,230
Other Postretirement Benefits Plan
Change in benefit obligations
Beginning benefit obligation	5,744	6,374
Service cost	17	20	19
Interest cost	220	195	202
Actuarial (gains) losses	641	(389)
Benefits paid	(395)	(388)
Foreign currency translation adjustments	54	(106)
Curtailments, settlements and other	23	38
Ending benefit obligation	6,304	5,744	6,374
Change in plan assets
Beginning fair value of plan assets	0	0
Actual return on plan assets	0	0
Employer contributions	370	369
Benefits paid	(395)	(388)
Foreign currency translation adjustments	0	0
Settlements and other	25	19
Ending fair value of plan assets	0	0	0
Ending funded status	(6,304)	(5,744)
Amounts recorded in the consolidated balance sheets
Non-current assets	0	0
Current liabilities	(369)	(374)
Non-current liabilities	(5,935)	(5,370)
Net amount recorded	(6,304)	(5,744)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss	(1,364)	(752)
Net prior service (cost) credit	27	34
Total recorded in Accumulated other comprehensive loss	(1,337)	(718)
U.S. \| Pension Plan
Change in benefit obligations
Beginning benefit obligation	61,190	68,450
Service cost	179	209
Interest cost	2,264	2,050	2,145
Actuarial (gains) losses	6,444	(4,449)
Benefits paid	(4,753)	(4,898)
Foreign currency translation adjustments	0	0
Curtailments, settlements and other	(640)	(172)
Ending benefit obligation	64,684	61,190	68,450
Change in plan assets
Beginning fair value of plan assets	56,102	62,639
Actual return on plan assets	8,454	(1,419)
Employer contributions	83	76	77
Benefits paid	(4,753)	(4,898)
Foreign currency translation adjustments	0	0
Settlements and other	(647)	(296)
Ending fair value of plan assets	59,239	56,102	62,639
Ending funded status	(5,445)	(5,088)
Amounts recorded in the consolidated balance sheets
Non-current assets	0	0
Current liabilities	(68)	(73)
Non-current liabilities	(5,377)	(5,015)
Net amount recorded	(5,445)	(5,088)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss	(1,980)	(752)
Net prior service (cost) credit	14	19
Total recorded in Accumulated other comprehensive loss	(1,966)	(733)
U.S. \| Other Postretirement Benefits Plan
Change in plan assets
Employer contributions	326	325	323
Non-U.S. \| Pension Plan
Change in benefit obligations
Beginning benefit obligation	19,904	22,789
Service cost	120	149
Interest cost	456	464	473
Actuarial (gains) losses	1,653	(272)
Benefits paid	(1,234)	(1,595)
Foreign currency translation adjustments	561	(1,452)
Curtailments, settlements and other	(62)	(179)
Ending benefit obligation	21,398	19,904	22,789
Change in plan assets
Beginning fair value of plan assets	13,528	14,495
Actual return on plan assets	1,669	301
Employer contributions	532	1,624	1,153
Benefits paid	(1,234)	(1,595)
Foreign currency translation adjustments	668	(1,106)
Settlements and other	(202)	(191)
Ending fair value of plan assets	14,961	13,528	$ 14,495
Ending funded status	(6,437)	(6,376)
Amounts recorded in the consolidated balance sheets
Non-current assets	698	496
Current liabilities	(342)	(349)
Non-current liabilities	(6,793)	(6,523)
Net amount recorded	(6,437)	(6,376)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss	(4,688)	(3,983)
Net prior service (cost) credit	(78)	(64)
Total recorded in Accumulated other comprehensive loss	$ (4,766)	$ (4,047)

Accrued and Other Liabilities - Accrued and Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Accrued liabilities
Dealer and customer allowances, claims and discounts	$ 10,402	$ 11,611
Deferred revenue	3,234	3,504
Product warranty and related liabilities	2,987	2,788
Payrolls and employee benefits excluding postemployment benefits	1,969	2,233
Other	7,895	7,913
Total accrued liabilities	26,487	28,049
Other liabilities
Deferred revenue	2,962	2,959
Product warranty and related liabilities	4,811	4,802
Operating lease liabilities	1,010	0
Employee benefits excluding postemployment benefits	704	658
Postemployment benefits including facility idling reserves	633	875
Other	3,026	3,063
Total other liabilities	$ 13,146	$ 12,357

Segment Reporting - Summary of key financial information by segment (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue	$ 30,826	$ 35,473	$ 36,060	$ 34,878	$ 38,399	$ 35,791	$ 36,760	$ 36,099	$ 137,237	$ 147,049	$ 145,588
Earnings (loss) before interest and taxes-adjusted									8,393	11,783	12,844
Adjustments									(539)	(2,905)	(654)
Automotive interest expense									(4,423)	(3,880)	(3,141)
Net loss attributable to noncontrolling interests									(65)	(9)	(18)
Income before income taxes									7,436	8,549	11,863
Income tax (expense)									(769)	(474)	(11,533)
Income from continuing operations	(192)	2,311	2,403	2,145	2,069	2,530	2,366	1,110	6,667	8,075	330
Loss from discontinued operations, net of tax					0	0	0	(70)	0	(70)	(4,212)
Net income attributable to stockholders	(194)	2,351	2,418	2,157	2,044	2,534	$ 2,390	$ 1,046	6,732	8,014	(3,864)
Equity in net assets of nonconsolidated affiliates	8,562				9,215				8,562	9,215	9,073
Goodwill and intangible assets, net	5,337				5,579				5,337	5,579	5,849
Total Assets	228,037				227,339				228,037	227,339	212,482
Expenditures for property									7,592	8,761	8,453
Depreciation and amortization									14,060	13,142	11,967
Impairment charges									58	527	294
Equity income									1,268	2,163	2,132
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| FAW-GM
Revenue and others for Reportable Segment [Abstract]
Loss on sale of discontinued operations before taxes	164								164
Transformation Activities
Revenue and others for Reportable Segment [Abstract]
Restructuring charges and other charges	267	390	361	790	1,300
Ignition Switch Recall Litigations
Revenue and others for Reportable Segment [Abstract]
Ignition switch related legal matters						$ 440
GMNA \| Transformation Activities
Revenue and others for Reportable Segment [Abstract]
Restructuring charges and other charges									1,600	1,200
GMI \| Transformation Activities
Revenue and others for Reportable Segment [Abstract]
Restructuring charges and other charges									115
GMI \| Separation Programs in Korea
Revenue and others for Reportable Segment [Abstract]
Restructuring charges and other charges										1,200
GMI \| Brazil \| GM Brazil Indirect Tax Claim
Revenue and others for Reportable Segment [Abstract]
Estimated potential recovery from taxing authority		$ 123	$ 380	$ 857					1,400
GMI \| Separation Programs in South Africa and India
Revenue and others for Reportable Segment [Abstract]
Restructuring charges and other charges											460
GMI \| Separation Programs in Venezuela
Revenue and others for Reportable Segment [Abstract]
Deconsolidation loss											80
Operating Segments \| Cruise
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue									100	0	0
Earnings (loss) before interest and taxes-adjusted									(1,004)	(728)	(613)
Adjustments										0	0
Equity in net assets of nonconsolidated affiliates	0				0				0	0	0
Goodwill and intangible assets, net	634				671				634	671	679
Total Assets	4,230				3,195				4,230	3,195	666
Expenditures for property									60	15	34
Depreciation and amortization									21	7	1
Impairment charges									36	0	0
Equity income									0	0	0
Operating Segments \| GM Financial
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue									14,554	14,016	12,151
Earnings (loss) before interest and taxes-adjusted									2,104	1,893	1,196
Adjustments									0	0	0
Equity in net assets of nonconsolidated affiliates	1,455				1,355				1,455	1,355	1,187
Goodwill and intangible assets, net	1,355				1,356				1,355	1,356	1,367
Total Assets	108,881				109,953				108,881	109,953	97,251
Expenditures for property									47	60	94
Depreciation and amortization									7,350	7,531	6,573
Impairment charges									0	0	0
Equity income									166	183	173
Eliminations/ Reclassifications
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue									(114)	(110)	(170)
Earnings (loss) before interest and taxes-adjusted									(18)	(4)	(7)
Adjustments									0	0	0
Equity in net assets of nonconsolidated affiliates	0				0				0	0	0
Goodwill and intangible assets, net	0				0				0	0	0
Total Assets	(1,454)				(1,487)				(1,454)	(1,487)	(844)
Expenditures for property									0	0	0
Depreciation and amortization									0	0	0
Impairment charges									0	0	0
Equity income									0	0	0
Automotive
Revenue and others for Reportable Segment [Abstract]
Automotive interest income									429	335	266
Automotive interest expense									(782)	(655)	(575)
Automotive \| Operating Segments
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue									122,697	133,143	133,607
Earnings (loss) before interest and taxes-adjusted									7,311	10,622	12,268
Adjustments									(539)	(2,905)	(654)
Equity in net assets of nonconsolidated affiliates	7,107				7,860				7,107	7,860	7,886
Goodwill and intangible assets, net	3,348				3,552				3,348	3,552	3,803
Total Assets	116,380				115,678				116,380	115,678	115,409
Expenditures for property									7,485	8,686	8,325
Depreciation and amortization									6,689	5,604	5,393
Impairment charges									22	527	294
Equity income									1,102	1,980	1,959
Automotive \| Operating Segments \| GMNA
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue									106,366	113,792	111,345
Earnings (loss) before interest and taxes-adjusted									8,204	10,769	11,889
Adjustments									(1,618)	(1,236)	0
Equity in net assets of nonconsolidated affiliates	84				75				84	75	68
Goodwill and intangible assets, net	2,459				2,623				2,459	2,623	2,819
Total Assets	109,290				109,763				109,290	109,763	99,874
Expenditures for property									6,305	7,784	7,704
Depreciation and amortization									6,112	4,995	4,654
Impairment charges									15	55	78
Equity income									8	8	8
Automotive \| Operating Segments \| GMI
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue									16,111	19,148	21,920
Earnings (loss) before interest and taxes-adjusted									(202)	423	1,300
Adjustments									1,081	(1,212)	(540)
Equity in net assets of nonconsolidated affiliates	7,023				7,761				7,023	7,761	7,818
Goodwill and intangible assets, net	888				928				888	928	973
Total Assets	24,969				24,911				24,969	24,911	27,712
Expenditures for property									1,096	883	607
Depreciation and amortization									533	562	708
Impairment charges									7	466	211
Equity income									1,123	1,972	1,951
Automotive \| Corporate
Revenue and others for Reportable Segment [Abstract]
Total net sales and revenue									220	203	342
Earnings (loss) before interest and taxes-adjusted									(691)	(570)	(921)
Adjustments									(2)	(457)	(114)
Equity in net assets of nonconsolidated affiliates	0				24				0	24	0
Goodwill and intangible assets, net	1				1				1	1	11
Total Assets	32,365				31,694				32,365	31,694	30,573
Expenditures for property									84	21	14
Depreciation and amortization									46	50	32
Impairment charges									0	6	5
Equity income									(29)	0	0
Automotive \| Corporate \| Ignition Switch Recall Litigations
Revenue and others for Reportable Segment [Abstract]
Ignition switch related legal matters										440	114
Automotive \| Eliminations/ Reclassifications
Revenue and others for Reportable Segment [Abstract]
Equity in net assets of nonconsolidated affiliates	0				0				0	0	0
Goodwill and intangible assets, net	0				0				0	0	0
Total Assets	$ (50,244)				$ (50,690)				(50,244)	(50,690)	(42,750)
Expenditures for property									0	(2)	0
Depreciation and amortization									(2)	(3)	(1)
Impairment charges									0	0	0
Equity income									$ 0	$ 0	$ 0

Stockholders' Equity and Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table summarizes the significant components of Accumulated other comprehensive loss:



	Years Ended December 31,
	2019			2018			2017
Foreign Currency Translation Adjustments
Balance at beginning of period	$	(2,250	)	$	(1,606	)	$	(2,355	)
Other comprehensive income (loss) and noncontrolling interests before reclassification adjustment, net of tax and impact of adoption of accounting standards(a)(b)	(56		)	(664		)	560
Reclassification adjustment, net of tax(a)	28			20			189
Other comprehensive income (loss), net of tax(a)	(28		)	(644		)	749
Balance at end of period	$	(2,278	)	$	(2,250	)	$	(1,606	)
Defined Benefit Plans
Balance at beginning of period	$	(6,737	)	$	(6,398	)	$	(6,968	)
Other comprehensive loss and noncontrolling interests before reclassification adjustment, net of impact of adoption of accounting standards(b)	(2,769		)	(580		)	(798		)
Tax benefit	463			100			98
Other comprehensive loss and noncontrolling interests before reclassification adjustment, net of tax and impact of adoption of accounting standards(b)	(2,306		)	(480		)	(700		)
Reclassification adjustment, net of tax(a)(c)	184			141			1,270
Other comprehensive income (loss), net of tax	(2,122		)	(339		)	570
Balance at end of period(d)	$	(8,859	)	$	(6,737	)	$	(6,398	)

__________


(a)	The income tax effect was insignificant in the years ended December 31, 2019, 2018 and 2017.


(b)	The noncontrolling interests are insignificant in the years ended December 31, 2019, 2018 and 2017.


(c)	$1.2 billion is included in the loss on sale of the Opel/Vauxhall Business in the year ended December 31, 2017. An insignificant amount is included in the computation of periodic pension and OPEB (income) expense in the year ended December 31, 2017.

(d)

Primarily consists of unamortized actuarial loss on our defined benefit plans. Refer to the critical accounting estimates section of our MD&A for additional information.

GM Financial Receivables and Transactions - Retail Finance Receivables Delinquencies (Details) - GM Financial $ in Millions	Dec. 31, 2019 USD ($) score	Dec. 31, 2018 USD ($) score	Dec. 31, 2017 USD ($)
Delinquent Contracts includes Repossessions [Abstract]
Finance receivables, individually evaluated for impairment, net of fees	$ 2,454	$ 2,389
Allowance for loan losses	$ 348	$ 325	$ 331
Retail Finance Receivables
Financing Receivable, Past Due [Line Items]
Percentage of Sub-prime Loans	24.00%	25.00%
Sub-prime FICO Score \| score	620	620
Retail finance receivables, nonaccrual status	$ 875	$ 888
Delinquent Contracts includes Repossessions [Abstract]
Amount	$ 1,940	$ 1,940
Percent of Contractual Amount Due	4.60%	4.80%
Finance receivables, individually evaluated for impairment, net of fees	$ 2,378	$ 2,348
Allowance for loan losses	330	321
31 to 60 Days Delinquent \| Retail Finance Receivables
Delinquent Contracts includes Repossessions [Abstract]
Amount	$ 1,354	$ 1,349
Percent of Contractual Amount Due	3.20%	3.30%
Greater than 60 Days Delinquent \| Retail Finance Receivables
Delinquent Contracts includes Repossessions [Abstract]
Amount	$ 542	$ 547
Percent of Contractual Amount Due	1.30%	1.40%
Total finance receivables more than 30 Days Delinquent \| Retail Finance Receivables
Delinquent Contracts includes Repossessions [Abstract]
Amount	$ 1,896	$ 1,896
Percent of Contractual Amount Due	4.50%	4.70%
In Repossession \| Retail Finance Receivables
Delinquent Contracts includes Repossessions [Abstract]
Amount	$ 44	$ 44
Percent of Contractual Amount Due	0.10%	0.10%

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes



	Years Ended December 31,
	2019		2018		2017
U.S. income	$	3,826	$	4,433	$	8,399
Non-U.S. income	2,342		1,953		1,332
Income before income taxes and equity income	$	6,168	$	6,386	$	9,731



	Years Ended December 31,
	2019			2018			2017
Current income tax expense (benefit)
U.S. federal	$	42		$	(104	)	$	18
U.S. state and local	102			113			83
Non-U.S.	758			577			552
Total current income tax expense	902			586			653
Deferred income tax expense (benefit)
U.S. federal	(145		)	(578		)	7,831
U.S. state and local	3			250			(187		)
Non-U.S.	9			216			3,236
Total deferred income tax expense (benefit)	(133		)	(112		)	10,880
Total income tax expense	$	769		$	474		$	11,533

Provisions are made for estimated U.S. and non-U.S. income taxes which may be incurred on the reversal 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 which are deemed indefinitely reinvested of $3.2 billion and $2.9 billion at December 31, 2019 and 2018. Additional basis differences related to investments in nonconsolidated China JVs exist of $4.1 billion at December 31, 2019 and 2018 as a result of fresh-start reporting. Quantification of the deferred tax liability, if any, associated with indefinitely reinvested basis differences is not practicable.



	Years Ended December 31,
	2019			2018			2017
Income tax expense at U.S. federal statutory income tax rate	$	1,295		$	1,341		$	3,406
State and local tax expense (benefit)	117			282			(76		)
Non-U.S. income taxed at other than the U.S. federal statutory tax rate	166			90			(145		)
U.S. tax impact on Non-U.S. income and activities	(197		)	(822		)	(941		)
Change in valuation allowances	(233		)	1,695			2,712
Change in tax laws	(122		)	(134		)	7,194
General business credits and manufacturing incentives	(420		)	(695		)	(428		)
Capital loss expiration	—			107			—
Settlements of prior year tax matters	—			(188		)	(256		)
Realization of basis differences in affiliates	—			(59		)	—
German statutory approval of net operating losses	—			(990		)	—
Foreign currency remeasurement	74			19			23
Other adjustments	89			(172		)	44
Total income tax expense	$	769		$	474		$	11,533

Deferred Income Tax Assets and Liabilities Deferred income tax assets and liabilities at December 31, 2019 and 2018 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 based on 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:



	December 31, 2019			December 31, 2018
Deferred tax assets
Postretirement benefits other than pensions	$	1,695		$	1,584
Pension and other employee benefit plans	2,968			3,020
Warranties, dealer and customer allowances, claims and discounts	6,299			6,307
U.S. capitalized research expenditures	6,035			5,176
U.S. operating loss and tax credit carryforwards(a)	8,686			8,591
Non-U.S. operating loss and tax credit carryforwards(b)	6,731			6,393
Miscellaneous	1,965			2,034
Total deferred tax assets before valuation allowances	34,379			33,105
Less: valuation allowances	(8,135		)	(7,976		)
Total deferred tax assets	26,244			25,129
Deferred tax liabilities
Property, plant and equipment	1,565			1,098
Intangible assets	763			729
Total deferred tax liabilities	2,328			1,827
Net deferred tax assets	$	23,916		$	23,302

_________


(a)	At December 31, 2019 U.S. operating loss and tax credit carryforwards of $8.7 billion expire by 2039 if not utilized.


(b)	At December 31, 2019 Non-U.S. operating loss and tax credit carryforwards of $1.3 billion expire by 2039 if not utilized and the remaining balance of $5.4 billion may be carried forward indefinitely.

Valuation Allowances During the years ended December 31, 2019 and 2018, valuation allowances against deferred tax assets of $8.1 billion and $8.0 billion were comprised of cumulative losses, credits and other timing differences, primarily in Germany, Spain and South Korea.

We have $3.3 billion of net operating loss carryforwards in Germany that, as a result of reorganizations that took place in 2008 and 2009 and then existing German Law, were not previously recorded as deferred tax assets. In 2018 a favorable European court decision was statutorily approved in Germany enabling use of those loss carryforwards, and deferred tax assets totaling $1.0 billion were established for the loss carryforwards. Offsetting valuation allowances were also established as the deferred tax assets are not more likely than not to be realized.

Uncertain Tax Positions The following table summarizes activity of the total amounts of unrecognized tax benefits:



	Years Ended December 31,
	2019			2018			2017
Balance at beginning of period	$	1,341		$	1,557		$	1,182
Additions to current year tax positions	18			292			160
Additions to prior years' tax positions	13			264			448
Reductions to prior years' tax positions	(501		)	(244		)	(195		)
Reductions in tax positions due to lapse of statutory limitations	(8		)	(38		)	(44		)
Settlements	(93		)	(450		)	(11		)
Other	5			(40		)	17
Balance at end of period	$	775		$	1,341		$	1,557

At December 31, 2019 and 2018 there were $539 million and $991 million of unrecognized tax benefits that if recognized would favorably affect our effective tax rate in the future. In the years ended December 31, 2019, 2018 and 2017 income tax related interest and penalties were insignificant. At December 31, 2019 and 2018 we had liabilities of $117 million and $116 million for income tax related interest and penalties.

At December 31, 2019 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 2009 to 2019 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.

The U.S. Tax Cuts and Jobs Act of 2017 (the Tax Act) was signed into law on December 22, 2017. The Tax Act changed many aspects of U.S. corporate income taxation and included reduction of the corporate income tax rate from 35% to 21%, implementation of a territorial tax system and imposition of a tax on deemed repatriated earnings of foreign subsidiaries. We recognized the tax effects of the Tax Act in the year ended December 31, 2017 and recorded $7.3 billion in tax expense. The tax expense primarily relates to the remeasurement of deferred tax assets to the 21% tax rate. We applied the guidance in SAB 118 when accounting for the enactment-date effects of the Tax Act in 2017 and 2018. During the year ended December 31, 2018 we reduced our year ended December 31, 2017 estimated tax expense of $7.3 billion to $7.1 billion, primarily related to the remeasurement of deferred tax assets to the 21% tax rate.

Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2019

GM Financial | Consolidated VIE

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities

The following table summarizes the assets and liabilities related to GM Financial's consolidated VIEs:



	December 31, 2019		December 31, 2018
Restricted cash – current	$	2,202	$	1,876
Restricted cash – non-current	$	441	$	504
GM Financial receivables, net of fees – current	$	19,081	$	18,304
GM Financial receivables, net of fees – non-current	$	15,921	$	14,008
GM Financial equipment on operating leases, net	$	14,464	$	21,781
GM Financial short-term debt and current portion of long-term debt	$	23,952	$	21,087
GM Financial long-term debt	$	15,819	$	21,417

- Definition

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

Marketable and Other Securities - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Marketable Securities [Abstract]
Cash and cash equivalents	$ 19,069	$ 20,844
Restricted cash included in Other current assets	3,352	2,083
Restricted cash included in Other assets	522	569
Total	$ 22,943	$ 23,496	$ 17,848	$ 15,160

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation-Related Liability and Tax Administrative Matters In the normal course of our business, we are named from time to time as a defendant in various legal actions, including arbitrations, class actions and other litigation. We identify below the material individual proceedings and investigations where we believe a material loss is reasonably possible or probable. We accrue for matters when we believe that losses are probable and can be reasonably estimated. At December 31, 2019 and 2018, we had accruals of $1.3 billion in Accrued liabilities and Other liabilities. In many matters, it is inherently difficult to determine whether loss is probable or reasonably possible or to estimate the size or range of the possible loss. Accordingly adverse outcomes from such proceedings could exceed the amounts accrued by an amount that could be material to our results of operations or cash flows in any particular reporting period. Proceedings Related to Ignition Switch Recall and Other Recalls In 2014 we announced various recalls relating to safety 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. Appellate Litigation Regarding Successor Liability Ignition Switch Claims In 2016, the U.S. Court of Appeals for the Second Circuit held that the 2009 order of the Bankruptcy Court approving the sale of substantially all of the assets of MLC to GM free and clear of, among other things, claims asserting successor liability for obligations owed by MLC could not be enforced to bar claims against GM asserted by either plaintiffs who purchased used vehicles after the sale or against purchasers who asserted claims relating to the ignition switch defect, including pre-sale personal injury claims and economic-loss claims. Economic-Loss Claims We are aware of over 100 putative class actions pending against GM in U.S. and Canadian courts alleging that consumers who purchased or leased vehicles manufactured by GM or MLC, formerly known as General Motors Corporation, had been economically harmed by one or more of the 2014 recalls and/or the underlying vehicle conditions associated with those recalls (economic-loss cases). In general, these economic-loss cases seek recovery for purported compensatory damages, such as alleged benefit-of-the-bargain damages or damages related to alleged diminution in value of the vehicles, as well as punitive damages, injunctive relief and other relief. Many of the pending U.S. economic-loss claims have been transferred to, and consolidated in, a single federal court, the U.S. District Court for the Southern District of New York (Southern District). These plaintiffs have asserted economic-loss claims under federal and state laws, including claims relating to recalled vehicles manufactured by GM and claims asserting successor liability relating to certain recalled vehicles manufactured by MLC. In August 2017, the Southern District granted our motion to dismiss the successor liability claims of plaintiffs in seven of the sixteen states at issue on the motion and called for additional briefing to decide whether plaintiffs' claims can proceed in the other nine states. In December 2017, the Southern District granted GM's motion and dismissed the plaintiffs' successor liability claims in an additional state, but found that there are genuine issues of material fact that prevent summary judgment for GM in eight other states. In January 2018, GM moved for reconsideration of certain portions of the Southern District's December 2017 summary judgment ruling. That motion was granted in April 2018, dismissing plaintiffs' successor liability claims in any state where New York law applies. In September 2018, the Southern District granted our motion to dismiss claims for lost personal time (in 41 out of 47 jurisdictions) and certain unjust enrichment claims, but denied our motion to dismiss plaintiffs' economic loss claims in 27 jurisdictions under the "manifest defect" rule. Significant summary judgment, class certification, and expert evidentiary motions remain at issue. In August 2019, the Southern District granted our motion for summary judgment on plaintiffs’ economic loss “benefit of the bargain” damage claims (the August 2019 Opinion). The Southern District held that plaintiffs’ conjoint analysis-based damages model failed to establish that plaintiffs suffered difference-in-value damages and without such evidence, plaintiffs’ difference-in-value damage claims fail under the laws of all three bellwether states: California, Missouri and Texas. Later in August 2019, the bellwether plaintiffs filed a motion requesting that the Southern District reconsider its summary judgment decision or allow an interlocutory appeal if reconsideration is denied. In December 2019, the Southern District denied plaintiffs' motion for reconsideration of the August 2019 Opinion, but granted the plaintiffs' motion for certification of an interlocutory appeal. Plaintiffs filed their petition requesting interlocutory review with the Second Circuit Court of Appeals, and GM filed its opposition in January 2020. In September 2019, GM filed an updated motion for summary judgment on plaintiffs’ remaining economic loss claims that were not addressed in the Southern District’s August 2019 Opinion and renewed its evidentiary motion seeking to strike the opinions of plaintiff’s expert on plaintiffs’ alleged “lost time” damages associated with having the recall repairs performed. Personal Injury Claims We also are aware of several hundred actions pending in various courts in the U.S. and Canada alleging injury or death as a result of defects that may be the subject of the 2014 recalls (personal injury cases). In general, these cases seek recovery for purported compensatory damages, punitive damages and/or other relief. Since 2016, several bellwether trials of personal injury cases have taken place in the Southern District and in a Texas state court, which is administering a Texas state multi-district litigation. None of these trials resulted in a finding of liability against GM. Contingently Issuable Shares Under the Amended and Restated Master Sale and Purchase Agreement between GM and MLC, GM may be obligated to issue Adjustment Shares of our common stock if allowed general unsecured claims against the GUC Trust, as estimated by the Bankruptcy Court, exceed $35.0 billion. The maximum number of Adjustment Shares issuable is 30 million shares (subject to adjustment to take into account stock dividends, stock splits and other transactions), which amounts to approximately $1.0 billion based on the GM share price as of January 24, 2020. The GUC Trust stated in public filings that allowed general unsecured claims were approximately $32.1 billion as of September 30, 2019. In February 2019, the GUC Trust and certain personal injury and economic-loss plaintiffs filed a motion with the Bankruptcy Court requesting approval of a settlement to obtain the maximum number of Adjustment Shares. In September 2019, the GUC Trust advised the Bankruptcy Court that it was formally terminating the February 2019 proposed class settlement with plaintiffs because it was no longer viable given the August 2019 Opinion and further briefing was moot. Government Matters In connection with the 2014 recalls, we have from time to time received subpoenas and other requests for information related to investigations by agencies or other representatives of U.S. federal, state and the Canadian governments. GM is cooperating with all reasonable pending requests for information. Any existing governmental matters or investigations could in the future result in the imposition of damages, fines, civil consent orders, civil and criminal penalties or other remedies. The total amount accrued for the 2014 recalls at December 31, 2019, reflects amounts for a combination of settled but unpaid matters, and for the remaining unsettled investigations, claims and/or lawsuits relating to the ignition switch recalls and other related recalls to the extent that such matters are probable and can be reasonably estimated. The amounts accrued for those unsettled investigations, claims, and/or lawsuits represent a combination of our best single point estimates where determinable and, where no such single point estimate is determinable, our estimate of the low end of the range of probable loss with regard to such matters, if that is determinable. We will continue to consider resolution of pending matters involving ignition switch recalls and other recalls where it makes sense to do so. GM Korea Wage Litigation GM Korea is party to litigation with current and former hourly employees in the appellate court and Incheon District Court in Incheon, Korea. The group actions, which in the 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 Korean regulations. In 2012 the Seoul High Court (an intermediate-level appellate court) affirmed a decision in one of these group actions involving five GM Korea employees which was contrary to GM Korea's position. GM Korea appealed to the Supreme Court of the Republic of Korea (Korean Supreme Court). In 2014 the Korean Supreme Court largely agreed with GM's legal arguments and remanded the case to the Seoul High Court for consideration consistent with earlier Korean Supreme Court precedent holding that while fixed bonuses should be included in the calculation of Ordinary Wages, claims for retroactive application of this rule would be barred under certain circumstances. In 2015, on reconsideration, the Seoul High Court held in GM Korea's favor, after which the plaintiffs appealed to the Korean Supreme Court. The Korean Supreme Court has not yet rendered a decision. We estimate our reasonably possible loss in excess of amounts accrued to be approximately $600 million at December 31, 2019. 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 or the legal or regulatory frameworks change. GM Korea is also party to litigation with current and former salaried employees over allegations relating to Ordinary Wages regulation and whether to include fixed bonuses in the calculation of Ordinary Wages. In 2017, the Seoul High Court held that certain workers are not barred from filing retroactive wage claims. GM Korea appealed this ruling to the Korean Supreme Court. The Korean Supreme Court has not yet rendered a decision. We estimate our reasonably possible loss in excess of amounts accrued to be approximately $170 million at December 31, 2019. 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 or the legal or regulatory frameworks change. GM Korea is also party to litigation with current and former subcontract workers over allegations that they are entitled to the same wages and benefits provided to full-time employees, and to be hired as full-time employees. In May 2018, the Korean labor authorities issued an adverse administrative order finding that GM Korea must hire certain current subcontract workers as full-time employees. GM Korea appealed that order. At December 31, 2019, our accrual covering certain asserted claims and claims that we believe are probable of assertion and for which liability is probable was approximately $180 million. We estimate the reasonably possible loss in excess of amounts accrued for other current subcontract workers who may assert similar claims to be approximately $110 million at December 31, 2019. We are currently unable to estimate any possible loss or range of loss that may result from additional claims that may be asserted by former subcontract workers. GM Brazil Indirect Tax Claim During the year ended December 31, 2019, the Superior Judicial Court of Brazil rendered favorable decisions on three cases brought by GM Brazil, each challenging whether a certain state value-added tax should be included in the calculation of federal gross receipts taxes. The decisions will allow the Company the right to recover, through offset of federal tax liabilities, amounts collected by the government from August 2001 to February 2017. As a result of the favorable decisions, we recorded pre-tax recoveries of $1.4 billion in Automotive and other cost of sales in the year ended December 31, 2019. Timing on realization of these recoveries is dependent upon the timing of administrative approvals and generation of federal tax liabilities eligible for offset. The Brazilian IRS has filed a Motion of Clarification on this matter with the Brazilian Supreme Court, which could be decided as early as April 2020. In addition, we expect third parties to make claims on some or all of the pre-tax recoveries, which GM intends to defend against. Other Litigation-Related Liability and Tax Administrative Matters Various other legal actions, including class actions, governmental investigations, claims and proceedings are pending against us or our related companies or joint ventures, including matters arising out of alleged product defects; employment-related matters; product and workplace safety, vehicle emissions and fuel economy regulations; product warranties; financial services; dealer, supplier and other contractual relationships; government regulations relating to competition issues; tax-related matters not subject to the provision of Accounting Standards Codification 740, Income Taxes (indirect tax-related matters); product design, manufacture and performance; consumer protection laws; and environmental protection laws, including laws regulating air emissions, water discharges, waste management and environmental remediation from stationary sources. There are several putative class actions pending against GM in federal courts in the U.S., in the Provincial Courts in Canada and in Israel alleging that various vehicles sold including model year 2011-2016 Duramax Diesel Chevrolet Silverado and GMC Sierra vehicles, violate federal, state and foreign emission standards. GM has also faced a series of additional lawsuits based primarily on allegations in the Duramax suit, including putative shareholder class actions claiming violations of federal securities law and a shareholder demand lawsuit. The securities lawsuits have been voluntarily dismissed by the plaintiffs in those actions. We are unable to estimate any reasonably possible loss or range of loss that may result from these actions. We believe that appropriate accruals have been established for losses that are probable and can be reasonably estimated. It is possible that the resolution of one or more of these matters could exceed the amounts accrued in an amount that could be material to our results of operations. We also from time to time receive subpoenas and other inquiries or requests for information from agencies or other representatives of U.S. federal, state and foreign governments on a variety of issues. 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 administrative proceedings are indirect tax-related and may require that we deposit funds in escrow or provide an alternative form of security. 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, 2019. We believe that appropriate accruals have been established for losses that are probable and can be reasonably estimated. For indirect tax-related matters we estimate our reasonably possible loss in excess of amounts accrued to be up to approximately $800 million at December 31, 2019. Takata Matters In May 2016, NHTSA issued an amended consent order requiring Takata to file DIRs for previously unrecalled front airbag inflators that contain phased-stabilized ammonium nitrate-based propellant without a moisture absorbing desiccant on a multi-year, risk-based schedule through 2019 impacting tens of millions of vehicles produced by numerous automotive manufacturers. NHTSA concluded that the likely root cause of the rupturing of the airbag inflators is a function of time, temperature cycling and environmental moisture. Although we do not believe there is a safety defect at this time in any unrecalled GM vehicles within scope of the Takata DIRs, in cooperation with NHTSA we have filed Preliminary DIRs covering certain of our GMT900 vehicles, which are full-size pickup trucks and SUVs. We have also filed petitions for inconsequentiality with respect to the vehicles subject to those Preliminary DIRs. NHTSA has consolidated our petitions and will rule on them at the same time. While these petitions have been pending, we have provided NHTSA with the results of our long-term studies and the studies performed by third-party experts, all of which form the basis for our determination that the inflators in these vehicles do not present an unreasonable risk to safety and that no repair should ultimately be required. We believe these vehicles are currently performing as designed and our inflator aging studies and field data support the belief that the vehicles' unique design and integration mitigates against inflator propellant degradation and rupture risk. For example, the airbag inflators used in the vehicles are a variant engineered specifically for our vehicles, and include features such as greater venting, unique propellant wafer configurations, and machined steel end caps. The inflators are packaged in the instrument panel in such a way as to minimize exposure to moisture from the climate control system. Also, these vehicles have features that minimize the maximum temperature to which the inflator will be exposed, such as larger interior volumes and standard solar absorbing windshields and side glass. Accordingly, no warranty provision has been made for any repair associated with our vehicles subject to the Preliminary DIRs and amended consent order. However, in the event we are ultimately obligated to repair the vehicles subject to current or future Takata DIRs under the amended consent order in the U.S., we estimate a reasonably possible impact to GM of approximately $1.2 billion. GM has recalled certain vehicles sold outside of the U.S. to replace Takata inflators in those vehicles. There are significant differences in vehicle and inflator design between the relevant vehicles sold internationally and those sold in the U.S. We continue to gather and analyze evidence about these inflators and to share our findings with regulators. Additional recalls, if any, could be material to our results of operations and cash flows. We continue to monitor the international situation. There are several putative class actions that have been filed against GM in federal courts in the U.S., in the Provincial Courts in Canada, Mexico and Israel arising out of allegations that airbag inflators manufactured by Takata are defective. At this early stage of these proceedings, we are unable to provide an evaluation of the likelihood that a loss will be incurred or an estimate of the amounts or range of possible loss. Product Liability We recorded liabilities of $544 million and $531 million in Accrued liabilities and Other liabilities at December 31, 2019 and 2018, 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. 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. Other than claims relating to the ignition switch recalls discussed above, we believe that any judgment against us involving our and General Motors Corporation products for actual damages will be adequately covered by our recorded accruals and, where applicable, excess liability insurance coverage. Guarantees We enter into indemnification agreements for liability claims involving products manufactured primarily by certain joint ventures. These guarantees terminate in years ranging from 2020 to 2024 or upon the occurrence of specific events or are ongoing. We believe that the related potential costs incurred are adequately covered by our recorded accruals, which are insignificant. The maximum future undiscounted payments mainly based on vehicles sold to date were $2.6 billion and $2.4 billion for these guarantees at December 31, 2019 and 2018, the majority of which relates to the indemnification agreements. We provide payment guarantees on commercial loans outstanding with third parties such as dealers. In some instances certain assets of the party or our payables to the party whose debt or performance we have guaranteed may offset, to some degree, the amount of any potential future payments. We are also exposed to residual value guarantees associated with certain sales to rental car companies. 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. Refer to Note 22 for additional information on our indemnification obligations to PSA Group under the Master Agreement (the Agreement). Credit Cards Credit card programs offer rebates that can be applied primarily against the purchase or lease of our vehicles. At December 31, 2019 and 2018, our redemption liability was insignificant, our deferred revenue was $253 million and $247 million, and qualified cardholders had rebates available, net of deferred program revenue, of $1.4 billion. Our redemption liability and deferred revenue are recorded in Accrued liabilities and Other liabilities. Operating Leases Our portfolio of leases primarily consists of real estate office space, manufacturing and warehousing facilities, land and equipment. Certain leases contain escalation clauses and renewal or purchase options, and generally our leases have no residual value guarantees or material covenants. We exclude leases with a term of one year or less from our balance sheet, and do not separate non-lease components from our real estate leases. Rent expense under operating leases was $354 million in the year ended December 31, 2019. Prior to adoption of ASU 2016-02, rent expense under operating leases was $300 million and $284 million in the years ended December 31, 2018 and 2017. Variable lease costs were insignificant in the year ended December 31, 2019. At December 31, 2019, operating lease right of use assets in Other assets were $1.1 billion, operating lease liabilities in Accrued liabilities were $239 million and non-current operating lease liabilities in Other liabilities were $1.0 billion. Operating lease right of use assets obtained in exchange for lease obligations were $497 million in the year ended December 31, 2019. Our undiscounted future lease obligations related to operating leases having initial terms in excess of one year are $269 million, $247 million, $179 million, $167 million, $130 million and $464 million for the years 2020, 2021, 2022, 2023, 2024 and thereafter, with imputed interest of $207 million as of December 31, 2019. The weighted average discount rate was 4.2% and the weighted-average remaining lease term was 7.2 years at December 31, 2019. Payments for operating leases included in Net cash provided by (used in) operating activities were $337 million in the year ended December 31, 2019. Lease agreements that have not yet commenced were insignificant at December 31, 2019.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Taxes and Equity Income



	Years Ended December 31,
	2019		2018		2017
U.S. income	$	3,826	$	4,433	$	8,399
Non-U.S. income	2,342		1,953		1,332
Income before income taxes and equity income	$	6,168	$	6,386	$	9,731

Schedule of Components of Income Tax Expense (Benefit)



	Years Ended December 31,
	2019			2018			2017
Current income tax expense (benefit)
U.S. federal	$	42		$	(104	)	$	18
U.S. state and local	102			113			83
Non-U.S.	758			577			552
Total current income tax expense	902			586			653
Deferred income tax expense (benefit)
U.S. federal	(145		)	(578		)	7,831
U.S. state and local	3			250			(187		)
Non-U.S.	9			216			3,236
Total deferred income tax expense (benefit)	(133		)	(112		)	10,880
Total income tax expense	$	769		$	474		$	11,533

Schedule of Effective Income Tax Rate Reconciliation



	Years Ended December 31,
	2019			2018			2017
Income tax expense at U.S. federal statutory income tax rate	$	1,295		$	1,341		$	3,406
State and local tax expense (benefit)	117			282			(76		)
Non-U.S. income taxed at other than the U.S. federal statutory tax rate	166			90			(145		)
U.S. tax impact on Non-U.S. income and activities	(197		)	(822		)	(941		)
Change in valuation allowances	(233		)	1,695			2,712
Change in tax laws	(122		)	(134		)	7,194
General business credits and manufacturing incentives	(420		)	(695		)	(428		)
Capital loss expiration	—			107			—
Settlements of prior year tax matters	—			(188		)	(256		)
Realization of basis differences in affiliates	—			(59		)	—
German statutory approval of net operating losses	—			(990		)	—
Foreign currency remeasurement	74			19			23
Other adjustments	89			(172		)	44
Total income tax expense	$	769		$	474		$	11,533

Schedule of Deferred Tax Assets and Liabilities

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



	December 31, 2019			December 31, 2018
Deferred tax assets
Postretirement benefits other than pensions	$	1,695		$	1,584
Pension and other employee benefit plans	2,968			3,020
Warranties, dealer and customer allowances, claims and discounts	6,299			6,307
U.S. capitalized research expenditures	6,035			5,176
U.S. operating loss and tax credit carryforwards(a)	8,686			8,591
Non-U.S. operating loss and tax credit carryforwards(b)	6,731			6,393
Miscellaneous	1,965			2,034
Total deferred tax assets before valuation allowances	34,379			33,105
Less: valuation allowances	(8,135		)	(7,976		)
Total deferred tax assets	26,244			25,129
Deferred tax liabilities
Property, plant and equipment	1,565			1,098
Intangible assets	763			729
Total deferred tax liabilities	2,328			1,827
Net deferred tax assets	$	23,916		$	23,302

_________


(a)	At December 31, 2019 U.S. operating loss and tax credit carryforwards of $8.7 billion expire by 2039 if not utilized.

(b)

At December 31, 2019 Non-U.S. operating loss and tax credit carryforwards of $1.3 billion expire by 2039 if not utilized and the remaining balance of $5.4 billion may be carried forward indefinitely.

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes activity of the total amounts of unrecognized tax benefits:



	Years Ended December 31,
	2019			2018			2017
Balance at beginning of period	$	1,341		$	1,557		$	1,182
Additions to current year tax positions	18			292			160
Additions to prior years' tax positions	13			264			448
Reductions to prior years' tax positions	(501		)	(244		)	(195		)
Reductions in tax positions due to lapse of statutory limitations	(8		)	(38		)	(44		)
Settlements	(93		)	(450		)	(11		)
Other	5			(40		)	17
Balance at end of period	$	775		$	1,341		$	1,557

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

We continue to purchase from and supply to PSA Group certain vehicles, parts and engineering services for a period of time following closing. The following table summarizes transactions with the Opel/Vauxhall Business:



	Years Ended December 31,
	2019		2018		2017
Net sales and revenue(a)	$	1,129	$	1,939	$	853
Purchases and expenses(a)	$	825	$	1,422	$	218
Cash payments(b)	$	975	$	1,849	$	242
Cash receipts(b)	$	1,408	$	2,310	$	1,161

__________


(a)	Included in Income from continuing operations.


(b)	Included in Net cash provided by operating activities – continuing operations.

The following table summarizes the results of the European Business operations:



	Years Ended December 31,
	2019		2018		2017
Automotive net sales and revenue	$	—	$	—	$	11,257
GM Financial net sales and revenue	—		—		466
Total net sales and revenue	—		—		11,723
Automotive and other cost of sales	—		—		11,049
GM Financial interest, operating and other expenses	—		—		342
Automotive and other selling, general, and administrative expense	—		—		813
Other expense items	—		—		(72		)
Loss from discontinued operations before taxes	—		—		553
Loss on sale of discontinued operations before taxes(a)(b)	—		70		2,176
Total loss from discontinued operations before taxes	—		70		2,729
Income tax expense(b)(c)	—		—		1,483
Loss from discontinued operations, net of tax	$	—	$	70	$	4,212

__________


(a)	Includes contract cancellation charges associated with the disposal for the year ended December 31, 2017.


(b)	Total loss on sale of discontinued operations, net of tax was $3.9 billion for the year ended December 31, 2017.


(c)	Includes $2.0 billion of deferred tax assets that transferred to PSA Group in the year ended December 31, 2017.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Pensions And Other Postretirement Benefits - Pension Benefit Payments (Details) $ in Millions	Dec. 31, 2019 USD ($)
Other Postretirement Benefits Plan
Defined Benefit Plan, Expected Future Benefit Payments [Abstract]
2020	$ 372
2021	369
2022	365
2023	360
2024	357
2025 - 2028	1,755
U.S. \| Pension Plan
Defined Benefit Plan, Expected Future Benefit Payments [Abstract]
2020	4,942
2021	4,755
2022	4,631
2023	4,515
2024	4,407
2025 - 2028	20,257
Non-U.S. \| Pension Plan
Defined Benefit Plan, Expected Future Benefit Payments [Abstract]
2020	1,529
2021	1,201
2022	1,164
2023	1,130
2024	1,104
2025 - 2028	$ 5,166

Stock Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Activity



	Shares (in millions)		Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Term in Years
Units outstanding at January 1, 2019	48.1		$	19.81	1.3
Granted	8.9		$	27.89
Settled	(11.6	)	$	28.78
Forfeited or expired	(3.9	)	$	30.87
Units outstanding at December 31, 2019(a)	41.5		$	19.17	0.9

__________

(a)

Includes the target amount of PSUs.

Debt (Tables)

12 Months Ended

Dec. 31, 2019

Interest expense



	Years Ended December 31,
	2019		2018		2017
Automotive interest expense	$	782	$	655	$	575
Automotive Financing - GM Financial interest expense	3,641		3,225		2,566
Total interest expense	$	4,423	$	3,880	$	3,141

Schedule of maturities of long-term debt

The following table summarizes contractual maturities including finance leases at December 31, 2019:



	Automotive		Automotive Financing(a)		Total
2020	$	1,912	$	35,587	$	37,499
2021	535		20,690		21,225
2022	70		11,763		11,833
2023	1,546		7,038		8,584
2024	48		5,795		5,843
Thereafter	10,807		8,160		18,967
	$	14,918	$	89,033	$	103,951

________

(a)

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

Automotive

Debt carrying amount and fair value

The following table presents debt in our automotive operations:



	December 31, 2019			December 31, 2018
Secured debt	$	167		$	143
Unsecured debt	13,909			13,292
Finance lease liabilities	310			528
Total automotive debt(a)	$	14,386		$	13,963

Fair value utilizing Level 1 inputs	$	13,628		$	11,693
Fair value utilizing Level 2 inputs	2,300			1,838
Fair value of automotive debt	$	15,928		$	13,531

Available under credit facility agreements	$	17,285		$	14,167
Weighted-average interest rate on outstanding short-term debt(b)	4.9		%	6.6		%
Weighted-average interest rate on outstanding long-term debt(b)	5.4		%	5.2		%

__________


(a)	Includes net discount and debt issuance costs of $540 million and $499 million at December 31, 2019 and 2018.


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

GM Financial

Debt carrying amount and fair value

The following table presents debt of GM Financial:



	December 31, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt	$	39,959	$	40,160	$	42,835	$	42,835
Unsecured debt	48,979		50,239		48,153		47,556
Total GM Financial debt	$	88,938	$	90,399	$	90,988	$	90,391

Fair value utilizing Level 2 inputs			$	88,481			$	88,305
Fair value utilizing Level 3 inputs			$	1,918			$	2,086

Revenue - Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
Revenue - Disaggregation (Details) - USD ($) $ in Millions	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									$ 122,697	$ 133,045
Leased vehicle income									10,032	9,963
Finance charge income									4,064	3,621
Other income									444	420
GM Financial net sales and revenue									14,540	14,004
Total net sales and revenue	$ 30,826	$ 35,473	$ 36,060	$ 34,878	$ 38,399	$ 35,791	$ 36,760	$ 36,099	137,237	147,049	$ 145,588
Operating Segments \| Cruise
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									100
Total net sales and revenue									100	0	0
Operating Segments \| GM Financial
Disaggregation of Revenue [Line Items]
Leased vehicle income									10,032	9,963
Finance charge income									4,071	3,629
Other income									451	424
GM Financial net sales and revenue									14,554	14,016
Total net sales and revenue									14,554	14,016	12,151
Eliminations/ Reclassifications
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									(100)	(98)
Leased vehicle income									0	0
Finance charge income									(7)	(8)
Other income									(7)	(4)
GM Financial net sales and revenue									(14)	(12)
Total net sales and revenue									(114)	(110)	(170)
Automotive
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									122,697	133,045	133,449
Automotive \| Operating Segments
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									122,697	133,143
Total net sales and revenue									122,697	133,143	133,607
Automotive \| Operating Segments \| GMNA
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									106,366	113,792
Total net sales and revenue									106,366	113,792	111,345
Automotive \| Operating Segments \| GMI
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									16,111	19,148
Total net sales and revenue									16,111	19,148	21,920
Automotive \| Corporate
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									220	203
Total net sales and revenue									220	203	$ 342
Vehicle, parts and accessories
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									116,277	125,155
Vehicle, parts and accessories \| Eliminations/ Reclassifications
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									0	(62)
Vehicle, parts and accessories \| Automotive \| Operating Segments
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									116,277	125,217
Vehicle, parts and accessories \| Automotive \| Operating Segments \| GMNA
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									101,346	107,217
Vehicle, parts and accessories \| Automotive \| Operating Segments \| GMI
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									14,931	17,980
Vehicle, parts and accessories \| Automotive \| Corporate
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									0	20
Used vehicles
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									2,019	3,354
Used vehicles \| Eliminations/ Reclassifications
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									0	(36)
Used vehicles \| Automotive \| Operating Segments
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									2,019	3,390
Used vehicles \| Automotive \| Operating Segments \| GMNA
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									1,896	3,215
Used vehicles \| Automotive \| Operating Segments \| GMI
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									123	175
Used vehicles \| Automotive \| Corporate
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									0	0
Services and other
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									4,401	4,536
Services and other \| Operating Segments \| Cruise
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									100
Services and other \| Eliminations/ Reclassifications
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									(100)	0
Services and other \| Automotive \| Operating Segments
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									4,401	4,536
Services and other \| Automotive \| Operating Segments \| GMNA
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									3,124	3,360
Services and other \| Automotive \| Operating Segments \| GMI
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									1,057	993
Services and other \| Automotive \| Corporate
Disaggregation of Revenue [Line Items]
Automotive net sales and revenue									$ 220	$ 183

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Total productive material, supplies and work in process	$ 4,713	$ 4,274
Finished product, including service parts	5,685	5,542
Total inventories	$ 10,398	$ 9,816

Restructuring And Other Initiatives (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 564	$ 1,122	$ 227	$ 268
Additions, interest accretion and other		629	1,637	330
Payments		(1,101)	(600)	(315)
Revisions to estimates and effect of foreign currency		(86)	(142)	(56)
Balance at end of period		564	1,122	227
GMI \| Separation Programs in South Africa and India
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges				460
GMI \| Separation Programs in Australia, Korea, South Africa, India and Chevrolet Europe
Restructuring Reserve [Roll Forward]
Restructuring cost incurred to date				892
Unallocation of Products to Certain Manufacturing Facilities And Other Employee Separation Programs
Restructuring Reserve [Roll Forward]
Payments		(1,100)
Restructuring cost incurred to date		3,100
Unallocation of Products to Certain Manufacturing Facilities And Other Employee Separation Programs \| GMNA
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges		1,800	1,300
Employee Severance \| GMNA
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges			1,000
Non-cash Accelerated Depreciation \| GMNA
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges		1,300	301
Supplier Related Charges and Employee Separation Charges \| GMNA
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges		$ 535
Facility closing \| GMI \| Gunsan Korea Plant
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges			1,000
Severance Costs			495
Non-cash Asset Impairments and Other Charges \| GMI \| Gunsan Korea Plant
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges			537
Employee Severance and Statutory Pension Payments \| GMI \| Gunsan Korea Plant
Restructuring Reserve [Roll Forward]
Payments			$ (775)
Asset Impairments, Sales Incentives, Inventory Provisions and Other Restructuring Costs \| GMI \| Separation Programs in South Africa and India
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges				297
Dealer Restructuring, Employee Severance and Contract Termination Costs \| GMI \| Separation Programs in South Africa and India
Restructuring Reserve [Roll Forward]
Restructuring charges and other charges				$ 163
Forecast \| Unallocation of Products to Certain Manufacturing Facilities And Other Employee Separation Programs \| GMNA
Restructuring Reserve [Roll Forward]
Expected amount of cash flows	$ 400

Variable Interest Entities

12 Months Ended

Dec. 31, 2019

Variable Interest Entities [Abstract]

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 to the VIEs (Securitized Assets). GM Financial determined that it is the primary beneficiary of the SPEs because 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 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 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:



	December 31, 2019		December 31, 2018
Restricted cash – current	$	2,202	$	1,876
Restricted cash – non-current	$	441	$	504
GM Financial receivables, net of fees – current	$	19,081	$	18,304
GM Financial receivables, net of fees – non-current	$	15,921	$	14,008
GM Financial equipment on operating leases, net	$	14,464	$	21,781
GM Financial short-term debt and current portion of long-term debt	$	23,952	$	21,087
GM Financial long-term debt	$	15,819	$	21,417

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 finance receivables.

Accrued and Other Liabilities - Product Warranty and Related Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Product Warranty and Related Liabilities [Roll Forward]
Warranty balance at beginning of period	$ 7,590	$ 8,332	$ 9,069
Warranties issued and assumed in period – recall campaigns	745	665	678
Warranties issued and assumed in period – product warranty	2,001	2,143	2,123
Payments	(3,012)	(2,903)	(3,129)
Adjustments to pre-existing warranties	455	(464)	(495)
Effect of foreign currency and other	19	(183)	86
Warranty balance at end of period	$ 7,798	$ 7,590	$ 8,332

Segment Reporting - Revenues and long-lived assets by geographic region (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Automotive net sales and revenue									$ 122,697	$ 133,045
GM Financial net sales and revenue									14,540	14,004
Total net sales and revenue	$ 30,826	$ 35,473	$ 36,060	$ 34,878	$ 38,399	$ 35,791	$ 36,760	$ 36,099	137,237	147,049	$ 145,588
Long-Lived Assets	80,872				82,698				80,872	82,698	80,329
Automotive
Revenues from External Customers and Long-Lived Assets [Line Items]
Automotive net sales and revenue									122,697	133,045	133,449
Automotive \| U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Automotive net sales and revenue									97,887	104,413	100,674
Long-Lived Assets	25,401				25,625				25,401	25,625	24,473
Automotive \| Non-U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Automotive net sales and revenue									24,810	28,632	32,775
Long-Lived Assets	13,190				13,263				13,190	13,263	12,715
GM Financial
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales and revenue									14,540	14,004	12,139
GM Financial \| U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
GM Financial net sales and revenue									12,727	12,169	10,489
Long-Lived Assets	39,509				41,334				39,509	41,334	40,674
GM Financial \| Non-U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
GM Financial net sales and revenue									1,813	1,835	1,650
Long-Lived Assets	$ 2,772				$ 2,476				$ 2,772	$ 2,476	$ 2,467

Stockholders' Equity and Noncontrolling Interests - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	$ 42,777	$ 36,200	$ 44,075
Other comprehensive income (loss), net of tax	(2,128)	(936)	1,317
Balance at end of period	45,957	42,777	36,200
Discontinued Operations \| Opel/Vauxhall Business [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassification adjustment, net of tax			1,200
Foreign currency translation adjustments [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(2,250)	(1,606)	(2,355)
Other comprehensive income (loss) and noncontrolling interests before reclassification adjustment, net of tax and impact of adoption of accounting standards	(56)	(664)	560
Reclassification adjustment, net of tax	28	20	189
Other comprehensive income (loss), net of tax	(28)	(644)	749
Balance at end of period	(2,278)	(2,250)	(1,606)
Defined benefit plans attributable [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(6,737)	(6,398)	(6,968)
Other comprehensive loss and noncontrolling interests before reclassification adjustment, net of impact of adoption of accounting standards	(2,769)	(580)	(798)
Tax benefit	463	100	98
Other comprehensive income (loss) before reclassification adjustment, net of tax	(2,306)	(480)	(700)
Reclassification adjustment, net of tax	184	141	1,270
Other comprehensive income (loss), net of tax	(2,122)	(339)	570
Balance at end of period	$ (8,859)	$ (6,737)	$ (6,398)

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Automotive

Derivative [Line Items]

Schedule of Notional Amounts for Derivative Financial Instruments

The following table presents the notional amounts of derivative financial instruments in our automotive operations:



	Fair Value Level	December 31, 2019		December 31, 2018
Derivatives not designated as hedges(a)
Foreign currency	2	$	5,075	$	2,710
Commodity	2	806		658
PSA Warrants(b)	2	45		45
Total derivative financial instruments		$	5,926	$	3,413

__________


(a)	The fair value of these derivative instruments at December 31, 2019 and 2018 and the gains/losses included in our consolidated income statements for the years ended December 31, 2019, 2018 and 2017 were insignificant, unless otherwise noted.


(b)	The fair value of the PSA warrants located in Other assets was $964 million and $827 million at December 31, 2019 and 2018. We recorded gains in Interest income and other non-operating income, net of $154 million and $116 million for the years ended December 31, 2019 and 2018, and an insignificant amount for the year ended December 31, 2017.

GM Financial

Derivative [Line Items]

Schedule of Notional Amounts for Derivative Financial Instruments

The following table presents the notional amounts of GM Financial's derivative financial instruments:



	Fair Value Level	December 31, 2019						December 31, 2018
		Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps(b)	2	$	9,458	$	234	$	23	$	9,533	$	42	$	231
Foreign currency swaps	2	1,796		22		71		1,829		37		60
Cash flow hedges
Interest rate swaps	2	590		—		6		768		8		—
Foreign currency swaps	2	4,429		40		119		2,075		43		58
Derivatives not designated as hedges(a)
Interest rate contracts	2	92,400		340		300		99,666		372		520
Total derivative financial instruments(c)		$	108,673	$	636	$	519	$	113,871	$	502	$	869

__________


(a)	The gains/losses included in our consolidated income statements and statements of comprehensive income for the years ended December 31, 2019, 2018 and 2017 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.


(b)	The gains included in GM Financial interest, operating, and other expenses were $355 million and an insignificant amount for the years ended December 31, 2019 and 2018.

(c)

GM Financial held $210 million and an insignificant amount of collateral from counterparties available for netting against GM Financial's asset positions, and posted an insignificant amount and $451 million of collateral to counterparties available for netting against GM Financial's liability positions at December 31, 2019 and 2018.

Schedule of Fair Value Hedging Instruments

The following amounts were recorded in the consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:



	December 31, 2019					December 31, 2018
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)			Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
GM Financial long-term debt(b)	$	20,397	$	(77	)	$	17,923	$	459

__________


(a)	Includes an insignificant amount and $247 million of amortization remaining on hedged items for which hedge accounting has been discontinued at December 31, 2019 and 2018.


(b)	The gains/losses for hedged items – interest rate swaps included in GM Financial interest, operating, and other expenses were a loss of $569 million and an insignificant amount for the years ended December 31, 2019 and 2018.

Derivative Financial Instruments - Derivative Financial Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Automotive \| Not Designated as Hedges
Derivative [Line Items]
Derivative notional amount	$ 5,926	$ 3,413
Automotive \| Not Designated as Hedges \| Foreign Currency \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	5,075	2,710
Automotive \| Not Designated as Hedges \| Commodity \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	806	658
Automotive \| Not Designated as Hedges \| PSA Warrants \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	45	45
Automotive \| Not Designated as Hedges \| Fair Value Hedges \| PSA Warrants \| Fair Value Level 2
Derivative [Line Items]
Fair Value of Assets	964	827
GM Financial
Derivative [Line Items]
Derivative notional amount	108,673	113,871
Fair Value of Assets	636	502
Fair Value of Liabilities	519	869
Collateral	210
Collateral available for netting		451
GM Financial \| Designated as Hedges \| Cash Flow Hedges \| Interest Rate Swap \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	590	768
Fair Value of Assets	0	8
Fair Value of Liabilities	6	0
GM Financial \| Designated as Hedges \| Cash Flow Hedges \| Foreign Currency Swaps \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	4,429	2,075
Fair Value of Assets	40	43
Fair Value of Liabilities	119	58
GM Financial \| Designated as Hedges \| Fair Value Hedges \| Interest Rate Swap \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	9,458	9,533
Fair Value of Assets	234	42
Fair Value of Liabilities	23	231
Gain on derivative instruments	355
GM Financial \| Designated as Hedges \| Fair Value Hedges \| Foreign Currency Swaps \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	1,796	1,829
Fair Value of Assets	22	37
Fair Value of Liabilities	71	60
GM Financial \| Not Designated as Hedges \| Interest Rate Contract \| Fair Value Level 2
Derivative [Line Items]
Derivative notional amount	92,400	99,666
Fair Value of Assets	340	372
Fair Value of Liabilities	300	520
Long-term Debt \| GM Financial \| Fair Value Hedges \| Interest Rate Swap
Derivative [Line Items]
Gain on derivative instruments	(569)
PSA Group \| Nonoperating Income (Expense) \| Automotive \| Not Designated as Hedges
Derivative [Line Items]
Gain on derivative instruments	$ 154	$ 116

Pensions And Other Postretirement Benefits - Assets and Fair Value Measurements (Details) - Pension Plan - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
U.S.
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	$ 45,283	$ 42,457
Plan assets measured at net asset value	13,466	12,990
Other plan assets (liabilities), net	490	655
Net plan assets	59,239	56,102	$ 62,639
U.S. \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	6,252	4,934
U.S. \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	13,843	12,077
U.S. \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	24,809	24,645
U.S. \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	379	801
U.S. \| Investment funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at net asset value	7,031	6,465
U.S. \| Private equity and debt investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at net asset value	2,951	3,021
U.S. \| Real estate investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at net asset value	3,484	3,504
U.S. \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	6,185	5,264
U.S. \| Level 1 \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	6,232	4,914
U.S. \| Level 1 \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	0
U.S. \| Level 1 \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	0
U.S. \| Level 1 \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	(47)	350
U.S. \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	38,696	36,820
U.S. \| Level 2 \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	19	18
U.S. \| Level 2 \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	13,843	12,077
U.S. \| Level 2 \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	24,809	24,645
U.S. \| Level 2 \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	25	80
U.S. \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	402	373
U.S. \| Level 3 \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	1	2
U.S. \| Level 3 \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	0
U.S. \| Level 3 \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	0
U.S. \| Level 3 \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	401	371
Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	7,783	7,106
Plan assets measured at net asset value	7,101	6,587
Other plan assets (liabilities), net	77	(165)
Net plan assets	14,961	13,528	$ 14,495
Non-U.S. \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	490	447
Non-U.S. \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	3,927	3,640
Non-U.S. \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	3,230	2,590
Non-U.S. \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	136	429
Non-U.S. \| Investment funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at net asset value	5,608	5,081
Non-U.S. \| Private equity and debt investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at net asset value	511	526
Non-U.S. \| Real estate investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets measured at net asset value	982	980
Non-U.S. \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	484	500
Non-U.S. \| Level 1 \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	489	441
Non-U.S. \| Level 1 \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	0
Non-U.S. \| Level 1 \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	0
Non-U.S. \| Level 1 \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	(5)	59
Non-U.S. \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	7,051	6,358
Non-U.S. \| Level 2 \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	1	1
Non-U.S. \| Level 2 \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	3,927	3,640
Non-U.S. \| Level 2 \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	3,230	2,589
Non-U.S. \| Level 2 \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	(107)	128
Non-U.S. \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	248	248
Non-U.S. \| Level 3 \| Common and preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	5
Non-U.S. \| Level 3 \| Government and agency debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	0
Non-U.S. \| Level 3 \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	0	1
Non-U.S. \| Level 3 \| Other investments, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Net plan assets subject to leveling	$ 248	$ 242

Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories



	December 31, 2019		December 31, 2018
Total productive material, supplies and work in process	$	4,713	$	4,274
Finished product, including service parts	5,685		5,542
Total inventories	$	10,398	$	9,816

Pensions And Other Postretirement Benefits - Contributions and Plan Amendments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Contribution Plan [Abstract]
Employer contributions to defined contribution plans	$ 537	$ 617	$ 650
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Years of service	30 years
Employer contributions	$ 615	1,700	1,230
Pension Plan \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	83	76	77
Pension Plan \| U.S. \| Nonqualified Plan
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions in next fiscal year	$ 70
Pension Plan \| U.S. \| Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Period of time for which there are no mandatory contributions for qualified plans	5 years
Mandatory contributions over the next five years	$ 0
Pension Plan \| Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	532	1,624	1,153
Estimated contributions in next fiscal year	500
Pension Plan \| Canada and United Kingdom
Defined Benefit Plan Disclosure [Line Items]
Mandatory contributions over the next five years	368
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	370	369
Other Postretirement Benefits Plan \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 326	325	$ 323
Pension Plan and Other Postretirement Benefits Plan \| U.S.
Defined Benefit Plan Disclosure [Line Items]
Remeasurement decrease due to mortality assumptions		$ 264

Variable Interest Entities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Consolidated [Abstract]
Property, net (Note 9)	$ 38,750	$ 38,758
GM Financial
Consolidated [Abstract]
GM Financial receivables, net of fees - current	26,601	26,850
GM Financial receivables, net of fees - non-current	26,355	25,083
GM Financial short-term debt and current portion of long-term debt	35,503	30,956
GM Financial long-term debt	53,435	60,032
Consolidated VIE \| GM Financial
Consolidated [Abstract]
Restricted cash - current	2,202	1,876
Restricted cash - non-current	441	504
GM Financial receivables, net of fees - current	19,081	18,304
GM Financial receivables, net of fees - non-current	15,921	14,008
GM Financial equipment on operating leases, net		21,781
GM Financial short-term debt and current portion of long-term debt	23,952	21,087
GM Financial long-term debt	15,819	$ 21,417
Equipment Leased to Other Party \| Consolidated VIE \| GM Financial
Consolidated [Abstract]
Property, net (Note 9)	$ 14,464

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Automotive The following table presents the notional amounts of derivative financial instruments in our automotive operations:



	Fair Value Level	December 31, 2019		December 31, 2018
Derivatives not designated as hedges(a)
Foreign currency	2	$	5,075	$	2,710
Commodity	2	806		658
PSA Warrants(b)	2	45		45
Total derivative financial instruments		$	5,926	$	3,413

__________


(a)	The fair value of these derivative instruments at December 31, 2019 and 2018 and the gains/losses included in our consolidated income statements for the years ended December 31, 2019, 2018 and 2017 were insignificant, unless otherwise noted.


(b)	The fair value of the PSA warrants located in Other assets was $964 million and $827 million at December 31, 2019 and 2018. We recorded gains in Interest income and other non-operating income, net of $154 million and $116 million for the years ended December 31, 2019 and 2018, and an insignificant amount for the year ended December 31, 2017.

GM Financial The following table presents the notional amounts of GM Financial's derivative financial instruments:



	Fair Value Level	December 31, 2019						December 31, 2018
		Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps(b)	2	$	9,458	$	234	$	23	$	9,533	$	42	$	231
Foreign currency swaps	2	1,796		22		71		1,829		37		60
Cash flow hedges
Interest rate swaps	2	590		—		6		768		8		—
Foreign currency swaps	2	4,429		40		119		2,075		43		58
Derivatives not designated as hedges(a)
Interest rate contracts	2	92,400		340		300		99,666		372		520
Total derivative financial instruments(c)		$	108,673	$	636	$	519	$	113,871	$	502	$	869

__________


(a)	The gains/losses included in our consolidated income statements and statements of comprehensive income for the years ended December 31, 2019, 2018 and 2017 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.


(b)	The gains included in GM Financial interest, operating, and other expenses were $355 million and an insignificant amount for the years ended December 31, 2019 and 2018.


(c)	GM Financial held $210 million and an insignificant amount of collateral from counterparties available for netting against GM Financial's asset positions, and posted an insignificant amount and $451 million of collateral to counterparties available for netting against GM Financial's liability positions at December 31, 2019 and 2018.

The fair value for Level 2 instruments was derived using the market approach based on observable market inputs including quoted prices of similar instruments and foreign exchange and interest rate forward curves.

The following amounts were recorded in the consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:



	December 31, 2019					December 31, 2018
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)			Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
GM Financial long-term debt(b)	$	20,397	$	(77	)	$	17,923	$	459

__________


(a)	Includes an insignificant amount and $247 million of amortization remaining on hedged items for which hedge accounting has been discontinued at December 31, 2019 and 2018.

(b)

The gains/losses for hedged items – interest rate swaps included in GM Financial interest, operating, and other expenses were a loss of $569 million and an insignificant amount for the years ended December 31, 2019 and 2018.

Pensions And Other Postretirement Benefits - Accumulated Benefit Obligations and Projected Benefit Obligations (Details) - Pension Plan - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
U.S.
ABO and PBO [Line Items]
ABO	$ 64,669	$ 61,177
Plans with ABO in Excess of Plan Assets [Abstract]
ABO	64,669	61,177
Fair Value of Plan Assets	59,239	56,102
Plans with PBO in Excess of Plan Assets [Abstract]
PBO	64,684	61,190
Fair Value of Plan Assets	59,239	56,102
Non-U.S.
ABO and PBO [Line Items]
ABO	21,319	19,822
Plans with ABO in Excess of Plan Assets [Abstract]
ABO	10,996	10,289
Fair Value of Plan Assets	3,940	3,485
Plans with PBO in Excess of Plan Assets [Abstract]
PBO	11,079	10,356
Fair Value of Plan Assets	$ 3,940	$ 3,485

Equipment on Operating Leases

12 Months Ended

Dec. 31, 2019

Vehicles

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

Equipment on Operating Leases

Equipment on operating leases primarily consists of leases to retail customers of GM Financial. The current portion of net equipment on operating leases is included in Other current assets.



	December 31, 2019			December 31, 2018
Equipment on operating leases	$	53,081		$	55,282
Less: accumulated depreciation	(10,989		)	(11,476		)
Equipment on operating leases, net	$	42,092		$	43,806

At December 31, 2019, the estimated residual value of our leased assets at the end of the lease term was $30.4 billion.

Depreciation expense related to Equipment on operating leases, net was $7.3 billion, $7.5 billion and $6.7 billion in the years ended December 31, 2019, 2018 and 2017.

The following table summarizes lease payments due to GM Financial on leases to retail customers:



	Years Ending December 31,
	2020		2021		2022		2023		2024		Total
Lease receipts under operating leases	$	6,517	$	4,080	$	1,607	$	137	$	4	$	12,345

Equity In Net Assets Of Nonconsolidated Affiliates - Transactions with NCAs (Details) - Nonconsolidated Affiliates [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Line Items]
Automotive sales and revenue	$ 199	$ 406	$ 923
Automotive purchases, net	1,065	1,155	674
Dividends received	1,852	2,022	2,000
Operating cash flows	913	657	$ 2,321
Accounts and notes receivable, net	1,007	979
Accounts payable	369	163
Undistributed earnings	$ 2,118	$ 2,331

Discontinued Operations - Narrative (Details) - USD ($) $ in Millions		3 Months Ended				12 Months Ended
	Oct. 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jul. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of tax		$ 0	$ 0	$ 0	$ 70	$ 0	$ 70	$ 4,212
Opel/Vauxhall Business and Fincos [Member] \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net consideration for transferred business	$ 2,500
Charge at closing	6,200
Loss from discontinued operations, net of tax	3,900					0	70	4,212
Income tax expense (benefit)						$ 0	$ 0	1,483
Opel/Vauxhall Business [Member] \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Underfunded pension liabilities of current employees transferred to PSA Group								3,100
Payment to PSA Group at closing for assumed underfunded pension liabilities								$ 3,400
Warrants received									$ 808
Income tax expense (benefit)	$ 2,300

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted



	Years Ended December 31,
	2019			2018			2017
Basic earnings per share
Income from continuing operations(a)	$	6,732		$	8,084		$	348
Less: cumulative dividends on subsidiary preferred stock	(151		)	(98		)	(16		)
Income from continuing operations attributable to common stockholders	6,581			7,986			332
Loss from discontinued operations, net of tax	—			70			4,212
Net income (loss) attributable to common stockholders	$	6,581		$	7,916		$	(3,880	)

Weighted-average common shares outstanding	1,424			1,411			1,465

Basic earnings per common share – continuing operations	$	4.62		$	5.66		$	0.23
Basic loss per common share – discontinued operations	$	—		$	0.05		$	2.88
Basic earnings (loss) per common share	$	4.62		$	5.61		$	(2.65	)
Diluted earnings per share
Income from continuing operations attributable to common stockholders – diluted(a)	$	6,581		$	7,986		$	332
Loss from discontinued operations, net of tax – diluted	$	—		$	70		$	4,212
Net income (loss) attributable to common stockholders – diluted	$	6,581		$	7,916		$	(3,880	)

Weighted-average common shares outstanding – basic	1,424			1,411			1,465
Dilutive effect of warrants and awards under stock incentive plans	15			20			27
Weighted-average common shares outstanding – diluted	1,439			1,431			1,492

Diluted earnings per common share – continuing operations	$	4.57		$	5.58		$	0.22
Diluted loss per common share – discontinued operations	$	—		$	0.05		$	2.82
Diluted earnings (loss) per common share	$	4.57		$	5.53		$	(2.60	)

Potentially dilutive securities(b)	7			9			—

__________


(a)	Net of Net loss attributable to noncontrolling interests.

(b)

Potentially dilutive securities attributable to outstanding stock options were excluded from the computation of diluted EPS because the securities would have had an antidilutive effect.

Inventories (Tables)

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Components of Inventories



	December 31, 2019		December 31, 2018
Total productive material, supplies and work in process	$	4,713	$	4,274
Finished product, including service parts	5,685		5,542
Total inventories	$	10,398	$	9,816

Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of period	$ 1,341	$ 1,557	$ 1,182
Additions to current year tax positions	18	292	160
Additions to prior years' tax positions	13	264	448
Reductions to prior years' tax positions	(501)	(244)	(195)
Reductions in tax positions due to lapse of statutory limitations	(8)	(38)	(44)
Settlements	(93)	(450)	(11)
Other	5	(40)	17
Balance at end of period	775	1,341	1,557
Unrecognized tax benefit that would favorably affect effective tax rate	539	991
Income tax related interest and penalties accrual	117	116
Operating Loss Carryforwards [Line Items]
Tax expense related to tax reform legislation			7,300
Tax expense related to tax reform legislation, updated			$ 7,100
Germany \| Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 3,300
Deferred tax assets		$ 1,000

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Principles of Consolidation

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. Except for per share amounts or as otherwise specified, amounts presented within tables are stated in millions.

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

Use of Estimates in the Preparation of the Financial Statements

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.

GM Financial

GM Financial The amounts presented for GM Financial have been adjusted to include the effect of our tax attributes on GM Financial's deferred tax positions and provision for income taxes, which are not applicable to GM Financial on a stand-alone basis, and to eliminate the effect of transactions between GM Financial and the other members of the consolidated group. Accordingly, the amounts presented will differ from those presented by GM Financial on a stand-alone basis.

Revenue Recognition

Revenue Recognition We adopted Accounting Standards Update (ASU) 2014-09 "Revenue from Contracts with Customers" on January 1, 2018, which requires us to recognize revenue when a customer obtains control rather than when we have transferred substantially all risks and rewards of a good or service, by applying the modified retrospective method to all noncompleted contracts as of the date of adoption. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The following accounting policies became effective on January 1, 2018:

Automotive Automotive net sales and revenue represents the amount of consideration to which we expect to be entitled in exchange for vehicle, parts and accessories and services and other sales. The consideration recognized represents the amount received, typically shortly after the sale to a customer, net of estimated dealer and customer sales incentives we reasonably expect to pay. Significant factors in determining our estimates of incentives include forecasted sales volume, product mix, and the rate of customer acceptance of incentive programs, all of which are estimated based on historical experience and assumptions concerning

future customer behavior and market conditions. Subsequent adjustments to incentive estimates are possible as facts and circumstances change over time. A portion of the consideration received is deferred for separate performance obligations, such as maintenance and vehicle connectivity, that will be provided to our customers at a future date. Taxes assessed by various government entities, such as sales, use and value-added taxes, collected at the time of the vehicle sale are excluded from Automotive net sales and revenue. Costs for shipping and handling activities that occur after control of the vehicle transfers to the dealer are recognized at the time of sale and presented in Automotive and other cost of sales.

Vehicle, Parts and Accessories For the majority of vehicle and accessories sales our customers obtain control and we recognize revenue when the vehicle transfers to the dealer, which generally occurs when the vehicle is released to the carrier responsible for transporting it to a dealer. Revenue, net of estimated returns, is recognized on the sale of parts upon delivery to the customer. When our customers have a right to return eligible parts and accessories, we consider the returns in our estimation of the transaction price.

Certain transfers to daily rental companies are accounted for as sales, with revenue recognized at the time of transfer. At the time of transfer, we defer revenue for remarketing obligations, record a residual value guarantee and reflect a deposit liability for amounts expected to be returned once the remarketing services are complete. Deferred revenue is recognized in earnings upon completion of the remarketing service. Transfers that occurred prior to January 1, 2018 and future transfers containing a substantive repurchase obligation are accounted for as operating leases and rental income is recognized over the estimated term of the lease. Our total exposure to vehicle repurchase obligations would be reduced to the extent vehicles are able to be resold to a third party.

Used Vehicles Proceeds from the auction of vehicles returned from daily rental car companies and vehicles utilized by our employees are recognized in Automotive net sales and revenue upon transfer of control of the vehicle to the customer and the related vehicle carrying value is recognized in Automotive and other cost of sales.

Services and Other Services and other revenue primarily consists of revenue from vehicle-related service arrangements and after-sale services such as maintenance, vehicle connectivity and extended service warranties. For those service arrangements that are bundled with a vehicle sale, a portion of the revenue from the sale is allocated to the service component and recognized as deferred revenue within Accrued liabilities or Other liabilities. We recognize revenue for bundled services and services sold separately as services are performed, typically over a period of less than three years.

Automotive Financing - GM Financial Finance charge income earned on receivables is recognized using the effective interest method. Fees and commissions (including incentive payments) received and direct costs of originating loans are deferred and amortized over the term of the related finance receivables using the effective interest method and are removed from the consolidated balance sheets when the related finance receivables are fully charged off or paid in full. Accrual of finance charge income on retail finance receivables is generally suspended on accounts that are more than 60 days delinquent, accounts in bankruptcy and accounts in repossession. Payments received on nonaccrual loans are first applied to any fees due, then to any interest due and then any remaining amounts are applied to principal. Interest accrual generally resumes once an account has received payments bringing the delinquency to less than 60 days past due. Accrual of finance charge income on commercial finance receivables is generally suspended on accounts that are more than 90 days delinquent, upon receipt of a bankruptcy notice from a borrower, or where reasonable doubt exists about the full collectability of contractually agreed upon principal and interest. Payments received on nonaccrual loans are first applied to principal. Interest accrual resumes once an account has received payments bringing the account fully current and collection of contractual principal and interest is reasonably assured (including amounts previously charged off).

Income from operating lease assets, which includes lease origination fees, net of lease origination costs, is recorded as operating lease revenue on a straight-line basis over the term of the lease agreement.

Advertising and Promotion Expenditures

Advertising and Promotion Expenditures Advertising and promotion expenditures, which are expensed as incurred in Automotive and other selling, general and administrative expense, were $3.7 billion, $4.0 billion and $4.3 billion in the years ended December 31, 2019, 2018 and 2017.

Research and Development Expenditures

Research and Development Expenditures Research and development expenditures, which are expensed as incurred in Automotive and other cost of sales, were $6.8 billion, $7.8 billion and $7.3 billion in the years ended December 31, 2019, 2018 and 2017. We enter into cost sharing arrangements with third parties or nonconsolidated affiliates for product-related research, engineering, design and development activities. Cost sharing payments and fees related to these arrangements are presented in Automotive and other cost of sales.

Cash Equivalents and Restricted Cash

Cash Equivalents and Restricted Cash Cash equivalents are defined as short-term, highly-liquid investments with original maturities of 90 days or less. We are required to post cash as collateral as part of certain agreements that we enter into as part of our operations. Cash and cash equivalents subject to contractual restrictions and not readily available are classified as restricted cash. Restricted cash is invested in accordance with the terms of the underlying agreements and include amounts related to various deposits, escrows and other cash collateral. Restricted cash is included in Other current assets and Other assets in the consolidated balance sheets.

Fair Value Measurements

Fair Value Measurements A three-level valuation hierarchy, based upon observable and unobservable inputs, is used for fair value measurements. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions based on the best evidence available. These two types of inputs create the following fair value hierarchy: 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.

Marketable Debt Securities

Marketable Debt Securities We classify marketable debt securities as either available-for-sale or trading. Various factors, including turnover of holdings and investment guidelines, are considered in determining the classification of securities. Available-for-sale debt securities are recorded at fair value with unrealized gains and losses recorded net of related income taxes in Accumulated other comprehensive loss until realized. Trading debt securities are recorded at fair value with changes in fair value recorded in Interest income and other non-operating income, net. We determine realized gains and losses for all debt securities using the specific identification method.

We measure the fair value of our marketable debt securities using a market approach where identical or comparable prices are available and an income approach in other cases. If quoted market prices are not available, fair values of securities are determined using prices from a pricing service, pricing models, quoted prices of securities with similar characteristics or discounted cash flow models. These prices represent non-binding quotes. Our pricing service utilizes industry-standard pricing models that consider various inputs. We conduct an annual review of our pricing service and believe the prices received from our pricing service are a reliable representation of exit prices.

An evaluation is made quarterly to determine if unrealized losses related to non-trading investments in debt securities are other-than-temporary. Factors considered include the length of time and extent to which the fair value has been below cost, the financial condition and near-term prospects of the issuer and the intent to sell or likelihood to be forced to sell the debt security before any anticipated recovery.

Accounts and Notes Receivable

Accounts and Notes Receivable Accounts and notes receivable primarily consists of amounts that are due and payable from our customers for the sale of vehicles, parts, and accessories. We evaluate the collectability of receivables each reporting period and record an allowance for doubtful accounts representing our estimate of probable losses. Additions to the allowance are charged to bad debt expense reported in Automotive and other selling, general and administrative expense and were insignificant in the years ended December 31, 2019, 2018 and 2017.

GM Finance Receivables

GM Financial Receivables Finance receivables are carried at amortized cost, net of allowance for loan losses. GM Financial uses forecasting models to determine the collective allowance for loan losses based on factors including historical delinquency migration to loss, probability of default and loss given default. The loss confirmation period is a key assumption within the models and represents the average amount of time from when a loss event first occurs to when the receivable is charged off. GM Financial also considers an evaluation of overall portfolio credit quality based on various indicators.

Retail finance receivables that become classified as troubled debt restructurings (TDRs) are separately assessed for impairment. A specific allowance is estimated based on the present value of the expected future cash flows of the receivables discounted at the original weighted average effective interest rate. Finance charge income from loans classified as TDRs is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not classified as TDRs.

Retail finance receivables are generally charged off in the month in which the account becomes 120 days contractually delinquent if GM Financial has not yet recorded a repossession charge-off. A repossession charge-off generally represents the difference between the estimated net sales proceeds and the unpaid balance of the contract, including accrued interest.

Inventories

Inventories Inventories are stated at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less cost to sell, and considers general market and economic conditions, periodic reviews of current profitability of vehicles, product warranty costs and the effect of estimated sales incentives. Net realizable value for off-lease and other vehicles is current auction sales proceeds less disposal and warranty costs. Productive material, supplies, work in process and service parts are reviewed to determine if inventory quantities are in excess of forecasted usage or if they have become obsolete.

Equipment on Operating Leases

Equipment on Operating Leases Equipment on operating leases, net consists of vehicle leases to retail customers with lease terms of two to five years and vehicle sales to rental car companies that are expected to be repurchased in an average of seven months. We are exposed to changes in the residual values of these assets. The residual values represent estimates of the values of the leased vehicles at the end of the lease contracts and are determined based on forecasted auction proceeds when there is a reliable basis to make such a determination. Realization of the residual values is dependent on the future ability to market the vehicles under prevailing market conditions. The estimate of the residual value is evaluated over the life of the arrangement and adjustments may be made to the extent the expected value of the vehicle changes. Adjustments may be in the form of revisions to the depreciation rate or recognition of an impairment charge. A lease vehicle asset group is determined to be impaired if an impairment indicator exists and the expected future cash flows, which include estimated residual values, are lower than the carrying amount of the vehicle asset group. If the carrying amount is considered impaired an impairment charge is recorded for the amount by which the carrying amount exceeds fair value of the vehicle asset group. Fair value is determined primarily using the anticipated cash flows, including estimated residual values. In our automotive operations when a vehicle that is accounted for as a lease is returned the asset is reclassified from Equipment on operating leases, net to Inventories at the lower of cost or net realizable value. Upon disposition, proceeds are recorded in Automotive net sales and revenue and costs are recorded in Automotive and other cost of sales. In our automotive finance operations when a leased vehicle is returned or repossessed the asset is recorded in Other assets at the lower of amortized cost or net realizable value. Upon disposition a gain or loss is recorded in GM Financial interest, operating and other expenses for any difference between the net book value of the leased asset and the proceeds from the disposition of the asset.

Equity Investments

Equity Investments When events and circumstances warrant, equity investments accounted for under the equity method of accounting are evaluated for impairment. An impairment charge is recorded whenever a decline in value of an equity investment below its carrying amount is determined to be other-than-temporary. Impairment charges related to equity method investments are recorded in Equity income. Equity investments that are not accounted for under the equity method of accounting are measured at fair value with changes in fair value recorded in Interest income and other non-operating income, net.

Property, net and Special Tools

Property, net Property, plant and equipment, including internal use software, is recorded at cost. Major improvements that extend the useful life or add functionality are capitalized. The gross amount of assets under finance leases, prior to 2019, capital leases, is included in property, plant and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. We depreciate depreciable property using the straight-line method. Leasehold improvements are amortized over the period of lease or the life of the asset, whichever is shorter. The amortization of the assets under finance leases, prior to 2019, capital leases, is included in depreciation expense. Upon retirement or disposition of property, plant and equipment, the cost and related accumulated depreciation are eliminated and any resulting gain or loss is recorded in earnings. Impairment charges related to property are recorded in Automotive and other cost of sales, Automotive and other selling, general and administrative expense or GM Financial interest, operating and other expenses.

Special Tools Special tools represent product-specific propulsion and non-propulsion related tools, dies, molds and other items used in the vehicle manufacturing process. Expenditures for special tools are recorded at cost and are capitalized. We amortize special tools over their estimated useful lives using the straight-line method or an accelerated amortization method based on their historical and estimated production volume. Impairment charges related to special tools are recorded in Automotive and other cost of sales.

Goodwill

Goodwill Goodwill is not amortized but rather tested for impairment annually on October 1 or when events occur or circumstances change that would trigger such a review. The impairment test entails an assessment of qualitative factors to determine whether it is more likely than not that an impairment exists. If it is more likely than not that an impairment exists, then a quantitative impairment test is performed. Impairment exists when the carrying amount of a reporting unit exceeds its fair value.

Intangible Assets, net

Intangible Assets, net Intangible assets, excluding goodwill, primarily include brand names, technology and intellectual property, customer relationships and dealer networks. Intangible assets are amortized on a straight-line or an accelerated method of amortization over their estimated useful lives. An accelerated amortization method reflecting the pattern in which the asset will

be consumed is utilized if that pattern can be reliably determined. We consider the period of expected cash flows and underlying data used to measure the fair value of the intangible assets when selecting a useful life. Amortization of developed technology and intellectual property is recorded in Automotive and other cost of sales. Amortization of brand names, customer relationships and our dealer networks is recorded in Automotive and other selling, general and administrative expense or GM Financial interest, operating and other expenses. Impairment charges, if any, related to intangible assets are recorded in Automotive and other selling, general and administrative expense or Automotive and other cost of sales.

Valuation of Long-Lived Assets

Valuation of Long-Lived Assets The carrying amount of long-lived assets and finite-lived intangible assets to be held and used in the business is evaluated for impairment when events and circumstances warrant. If the carrying amount of a long-lived asset group is considered impaired, a loss is recorded based on the amount by which the carrying amount exceeds fair value. Product-specific long-lived asset groups and non-product specific long-lived assets are separately tested for impairment on an asset group basis. Fair value is determined using either the market or sales comparison approach, cost approach or anticipated cash flows discounted at a rate commensurate with the risk involved. Long-lived assets to be disposed of other than by sale are considered held for use until disposition.

Pension and OPEB Plans

Attribution, Methods and Assumptions The cost of benefits provided by defined benefit pension plans is recorded in the period employees provide service. The cost of pension plan amendments that provide for benefits already earned by plan participants is amortized over the expected period of benefit which may be the duration of the applicable collective bargaining agreement specific to the plan, the expected future working lifetime or the life expectancy of the plan participants.

The cost of medical, dental, legal service and life insurance benefits provided through postretirement benefit plans is recorded in the period employees provide service. The cost of postretirement plan amendments that provide for benefits already earned by plan participants is amortized over the expected period of benefit which may be the average period to full eligibility or the average life expectancy of the plan participants.

An expected return on plan asset methodology is utilized to calculate future pension expense for certain significant funded benefit plans. A market-related value of plan assets methodology is also utilized that averages gains and losses on the plan assets over a period of years to determine future pension expense. The methodology recognizes 60% of the difference between the fair value of assets and the expected calculated value in the first year and 10% of that difference over each of the next four years.

The discount rate assumption is established for each of the retirement-related benefit plans at their respective measurement dates. In the U.S. we use a cash flow matching approach that uses projected cash flows matched to spot rates along a high-quality corporate bond yield curve to determine the present value of cash flows to calculate a single equivalent discount rate. We apply individual annual yield curve rates to determine the service cost and interest cost for our pension and OPEB plans to more specifically link the cash flows related to service cost and interest cost to bonds maturing in their year of payment.

The benefit obligation for pension plans in Canada, the U.K. and Germany represents 93% of the non-U.S. pension benefit obligation at December 31, 2019. The discount rates for plans in Canada, the U.K. and Germany are determined using a cash flow matching approach like the U.S.

Plan Asset Valuation Due to the lack of timely available market information for certain investments in the asset classes described below as well as the inherent uncertainty of valuation, reported fair values may differ from fair values that would have been used had timely available market information been available.

Common and Preferred Stock Common and preferred stock for which market prices are readily available at the measurement date are valued at the last reported sale price or official closing price on the primary market or exchange on which they are actively traded and are classified in Level 1. Such equity securities for which the market is not considered to be active are valued via the use of observable inputs, which may include the use of adjusted market prices last available, bids or last available sales prices and/or other observable inputs and are classified in Level 2. Common and preferred stock classified in Level 3 are privately issued securities or other issues that are valued via the use of valuation models using significant unobservable inputs that generally consider aged (stale) pricing, earnings multiples, discounted cash flows and/or other qualitative and quantitative factors.

Debt Securities Valuations for debt securities are based on quotations received from independent pricing services or from dealers who make markets in such securities. Debt securities priced via pricing services that utilize matrix pricing which considers readily

observable inputs such as the yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices, are classified in Level 2. Debt securities that are typically priced by dealers and pricing services via the use of proprietary pricing models which incorporate significant unobservable inputs are classified in Level 3. These inputs primarily consist of yield and credit spread assumptions, discount rates, prepayment curves, default assumptions and recovery rates.

Investment Funds, Private Equity and Debt Investments and Real Estate Investments Investment funds, private equity and debt investments and real estate investments are valued based on the Net Asset Value (NAV) per Share (or its equivalent) as a practical expedient to estimate fair value due to the absence of readily available market prices.

NAV's are provided by the respective investment sponsors or investment advisers and are subsequently reviewed and approved by management. In the event management concludes a reported NAV does not reflect fair value or is not determined as of the financial reporting measurement date, we will consider whether and when deemed necessary to make an adjustment at the balance sheet date. In determining whether an adjustment to the external valuation is required, we will review material factors that could affect the valuation, such as changes in the composition or performance of the underlying investments or comparable investments, overall market conditions, expected sale prices for private investments which are probable of being sold in the short-term and other economic factors that may possibly have a favorable or unfavorable effect on the reported external valuation.

Stock Incentive Plans

Stock Incentive Plans Our stock incentive plans include RSUs, RSAs, PSUs, stock options and awards that may be settled in our stock, the stock of our subsidiaries or in cash. We measure and record compensation expense based on the fair value of GM or Cruise's common stock on the date of grant for RSUs, RSAs and PSUs and the grant date fair value, determined utilizing a lattice model or the Black-Scholes formula, for stock options and PSUs. RSUs granted in stock of Cruise vest upon satisfaction of both a service condition and a liquidity condition, defined as a change in control transaction or the consummation of an initial public offering. Compensation cost for awards that do not have an established accounting grant date, but for which the service inception date has been established, or are settled in cash is based on the fair value of GM or Cruise's common stock at the end of each reporting period. We record compensation cost for service-based RSUs, RSAs, PSUs and service-based stock options on a straight-line basis over the entire vesting period, or for retirement eligible employees over the requisite service period. Compensation costs for RSUs granted in stock of Cruise will be recorded when the liquidity condition described above is met. We use the graded vesting method to record compensation cost for stock options with market conditions over the lesser of the vesting period or the time period an employee becomes eligible to retain the award at retirement.

Product Warranty and Recall Campaigns

Product Warranty and Recall Campaigns The estimated costs related to product warranties are accrued at the time products are sold and are charged to Automotive and other cost of sales. These estimates are established using historical information on the nature, frequency and average cost of claims of each vehicle line or each model year of the vehicle line and assumptions about future activity and events. Revisions are made when necessary and are based on changes in these factors.

The estimated costs related to recall campaigns are accrued when probable and estimable, which is generally at the time of vehicle sale. In GMNA, we estimate the costs related to recall campaigns by applying a paid loss approach that considers the number of historical recall campaigns and the estimated cost for each recall campaign. The estimated costs associated with recall campaigns in other geographical regions are determined using the estimated costs of repairs and the estimated number of vehicles to be repaired. Costs associated with recall campaigns are charged to Automotive and other cost of sales. Revisions are made when necessary based on changes in these factors.

Income Taxes

Income Taxes The liability method is used in accounting for income taxes. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements using the statutory tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax laws or rates is recorded in the results of operations in the period that includes the enactment date under the law.

Deferred income tax assets are evaluated quarterly to determine if valuation allowances are required or should be adjusted. We establish valuation allowances for deferred tax assets based on a more likely than not standard. The ability to realize deferred tax assets depends on the ability to generate sufficient taxable income within the carryback or carryforward periods provided for in the tax law for each applicable tax jurisdiction. The assessment regarding whether a valuation allowance is required or should be adjusted also considers all available positive and negative evidence factors. It is difficult to conclude a valuation allowance is not required when there is significant objective and verifiable negative evidence, such as cumulative losses in recent years. We utilize a rolling three years of actual and current year results as the primary measure of cumulative losses in recent years.

Income tax expense (benefit) for the year is allocated between continuing operations and other categories of income such as Other comprehensive income (loss). In periods in which there is a pre-tax loss from continuing operations and pre-tax income in another income category, the tax benefit allocated to continuing operations is determined by taking into account the pre-tax income of other categories. We record Global Intangible Low Tax Income (GILTI) as a current period expense when incurred.

We record uncertain tax positions on the basis of a two-step process whereby we determine whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position, and for those tax positions that meet the more likely than not criteria, we recognize the largest amount of tax benefit that is greater than 50% likely to be realized upon ultimate settlement with the related tax authority. We record interest and penalties on uncertain tax positions in Income tax expense (benefit).

Foreign Currency Transactions and Translation

Foreign Currency Transactions and Translation The assets and liabilities of foreign subsidiaries that use the local currency as their functional currency are translated to U.S. Dollars based on the current exchange rate prevailing at each balance sheet date and any resulting translation adjustments are included in Accumulated other comprehensive loss. The assets and liabilities of foreign subsidiaries whose local currency is not their functional currency are remeasured from their local currency to their functional currency and then translated to U.S. Dollars. Revenues and expenses are translated into U.S. Dollars using the average exchange rates prevailing for each period presented. The financial statements of any foreign subsidiary that has been identified as having a highly inflationary economy are remeasured as if the functional currency were the U.S. Dollar.

Gains and losses arising from foreign currency transactions and the effects of remeasurements discussed in the preceding paragraph are recorded in Automotive and other cost of sales and GM Financial interest, operating and other expenses unless related to Automotive debt, which are recorded in Interest income and other non-operating income, net. Foreign currency transaction and remeasurement gains were $85 million and losses were $168 million and $52 million in the years ended December 31, 2019, 2018 and 2017.

Derivative Financial Instruments

Derivative Financial Instruments Derivative financial instruments are recognized as either assets or liabilities at fair value. The accounting for changes in the fair value of each derivative financial instrument depends on whether it has been designated and qualifies as an accounting hedge, as well as the type of hedging relationship identified. Derivative instruments are not used for trading or speculative purposes.

Automotive We utilize options, swaps and forward contracts to manage foreign currency and commodity price risk. The change in fair value of option and forward contracts not designated as hedges is recorded in Interest income and other non-operating income, net. Cash flows for all derivative financial instruments are classified in cash flows from operating activities.

We estimate the fair value of the PSA warrants using a Black-Scholes formula. The significant inputs to the model include the PSA stock price and the estimated dividend yield. We are entitled to receive any dividends declared by PSA through the conversion date upon exercise of the warrants. Gains or losses as a result of the change in the fair value of the PSA warrants are recorded in Interest income and other non-operating income, net.

Automotive Financing - GM Financial GM Financial utilizes interest rate derivative instruments to manage interest rate risk and foreign currency derivative instruments to manage foreign currency risk. The change in fair value of the derivative instruments not designated as hedges is recorded in GM Financial interest, operating and other expenses. Cash flows for all derivative financial instruments are classified in cash flows from operating activities.

Certain interest rate and foreign currency swap agreements have been designated as fair value hedges. The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate or the risk of changes in fair value attributable to changes in foreign currency exchange rates. If the swap has been designated as a fair value hedge, the changes in the fair value of the hedged item are recorded in GM Financial interest, operating and other expenses. The change in fair value of the related hedge is also recorded in GM Financial interest, operating and other expenses.

Certain interest rate swap and foreign currency swap agreements have been designated as cash flow hedges. The risk being hedged is the interest rate and foreign currency risk related to forecasted transactions. If the contract has been designated as a cash flow hedge, the change in the fair value of the cash flow hedge is deferred in Accumulated other comprehensive loss and is recognized in GM Financial interest, operating and other expenses along with the earnings effect of the hedged item when the hedged item affects earnings. Changes in the fair value of amounts excluded from the assessment of effectiveness are recorded currently in earnings and are presented in the same income statement line as the earnings effect of the hedged item.

Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted

Recently Adopted Accounting Standards Effective January 1, 2019, we adopted ASU 2016-02, "Leases" (ASU 2016-02) using the modified retrospective method, resulting in a cumulative-effect adjustment to the opening balance of Retained earnings for an insignificant amount. We recognized $1.0 billion of right of use assets and lease obligations included in Other assets, Accrued liabilities and Other liabilities on our consolidated balance sheet for our existing operating lease portfolio at January 1, 2019. We elected to apply the practical expedient related to land easements, as well as the package of practical expedients permitted under the transition guidance in the new standard, which allowed us to carry forward our historical lease classification. The accounting for our finance leases and leases where we are the lessor remained substantially unchanged. The application of ASU 2016-02 had no impact on our consolidated income statement or consolidated statement of cash flows.



	Years Ending December 31,
	2019			2020			2021			2022			2023			Thereafter			Total
Minimum commitments(a)	$	296		$	286		$	247		$	180		$	146		$	582		$	1,737
Sublease income	(61		)	(51		)	(44		)	(38		)	(33		)	(129		)	(356		)
Net minimum commitments	$	235		$	235		$	203		$	142		$	113		$	453		$	1,381

_________


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

Refer to Note 16 for information on our operating leases at December 31, 2019.

Accounting Standards Not Yet Adopted In June 2016 the Financial Accounting Standards Board issued ASU 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" (ASU 2016-13), which requires entities to use a new impairment model based on Current Expected Credit Losses (CECL) rather than incurred losses. We adopted ASU 2016-13 on January 1, 2020 on a modified retrospective basis. Upon adoption, estimated credit losses under CECL consider relevant information about past events, current conditions and reasonable and supportable forecasts that affect the collectibility of the reported amount, resulting in recognition of lifetime expected credit losses upon loan origination. The adoption impact of ASU 2016-13 will increase our allowance for credit losses by approximately $800 million, with an after-tax reduction to Retained earnings of approximately $600 million.

Interest Income and Other Non-Operating Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Income and Expenses [Abstract]
Non-service pension and OPEB income	$ 797	$ 1,665	$ 1,316
Interest income	429	335	266
Licensing agreements income	165	296	74
Revaluation of investments	80	258	(56)
Other	(2)	42	45
Total interest income and other non-operating income, net	$ 1,469	$ 2,596	$ 1,645

Debt - Automotive and GM Financial Debt (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Automotive
Debt Instrument [Line Items]
Total debt	$ 14,386	$ 13,963
Fair value of debt	15,928	13,531
Available under credit facility agreements	$ 17,285	$ 14,167
Weighted-average interest rate on outstanding short-term debt	4.90%	6.60%
Weighted-average interest rate on outstanding long-term debt	5.40%	5.20%
Net discount and debt issuance costs	$ 540	$ 499
Automotive \| Secured Debt
Debt Instrument [Line Items]
Total debt	167	143
Automotive \| Unsecured Debt
Debt Instrument [Line Items]
Total debt	13,909	13,292
Automotive \| Level 1
Debt Instrument [Line Items]
Fair value of debt	13,628	11,693
Automotive \| Level 2
Debt Instrument [Line Items]
Fair value of debt	2,300	1,838
GM Financial
Debt Instrument [Line Items]
Total debt	88,938	90,988
Fair value of debt	90,399	90,391
GM Financial \| Secured Debt
Debt Instrument [Line Items]
Total debt	39,959	42,835
Fair value of debt	40,160	42,835
GM Financial \| Unsecured Debt
Debt Instrument [Line Items]
Total debt	48,979	48,153
Fair value of debt	50,239	47,556
GM Financial \| Level 2
Debt Instrument [Line Items]
Fair value of debt	88,481	88,305
GM Financial \| Level 3
Debt Instrument [Line Items]
Fair value of debt	1,918	2,086
Finance Lease Liabilities \| Automotive
Debt Instrument [Line Items]
Total debt	$ 310	$ 528

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets
Postretirement benefits other than pensions	$ 1,695	$ 1,584
Pension and other employee benefit plans	2,968	3,020
Warranties, dealer and customer allowances, claims and discounts	6,299	6,307
Miscellaneous	1,965	2,034
Total deferred tax assets before valuation allowances	34,379	33,105
Less: valuation allowances	(8,135)	(7,976)
Total deferred tax assets	26,244	25,129
Deferred tax liabilities
Property, plant and equipment	1,565	1,098
Intangible assets	763	729
Total deferred tax liabilities	2,328	1,827
Net deferred tax assets	23,916	23,302
U.S.
Deferred tax assets
U.S. capitalized research expenditures	6,035	5,176
Operating loss and tax credit carryforwards	8,686	8,591
Deferred tax liabilities
Operating loss and tax credit carryforwards subject to expiration	8,700
Non-U.S.
Deferred tax assets
Operating loss and tax credit carryforwards	6,731	6,393
Deferred tax liabilities
Operating loss and tax credit carryforwards subject to expiration	1,300
Operating loss and tax credit carryforwards not subject to expiration	5,400
Germany, Spain and South Korea
Deferred tax assets
Less: valuation allowances	$ (8,100)	$ (8,000)

Income Taxes - Pre-tax Income and Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Contingency [Line Items]
Income before income taxes and equity income	$ 6,168	$ 6,386	$ 9,731
Current income tax expense (benefit)
U.S. federal	42	(104)	18
U.S. state and local	102	113	83
Non-U.S.	758	577	552
Total current income tax expense	902	586	653
Deferred income tax expense (benefit)
U.S. federal	(145)	(578)	7,831
U.S. state and local	3	250	(187)
Non-U.S.	9	216	3,236
Total deferred income tax expense (benefit)	(133)	(112)	10,880
Total income tax expense	769	474	11,533
Basis differences from reinvested earnings	3,200	2,900
China JVs
Deferred income tax expense (benefit)
Additional basis differences	4,100	4,100
U.S.
Income Tax Contingency [Line Items]
Income before income taxes and equity income	3,826	4,433	8,399
Non-U.S.
Income Tax Contingency [Line Items]
Income before income taxes and equity income	$ 2,342	$ 1,953	$ 1,332

Equity In Net Assets Of Nonconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Income

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.



	Years Ended December 31,
	2019		2018		2017
Automotive China equity income	$	1,132	$	1,981	$	1,976
Other joint ventures equity income	136		182		156
Total Equity income	$	1,268	$	2,163	$	2,132

Carrying Amount of Investments in Nonconsolidated Affiliates

Investments in Nonconsolidated Affiliates



	December 31, 2019		December 31, 2018
Automotive China carrying amount	$	7,044	$	7,779
Other investments carrying amount	1,518		1,436
Total equity in net assets of nonconsolidated affiliates	$	8,562	$	9,215

Summarized Financial Data for Nonconsolidated Affiliates

Summarized Financial Data of Nonconsolidated Affiliates



	December 31, 2019						December 31, 2018
	Automotive China JVs		Others		Total		Automotive China JVs		Others		Total
Summarized Balance Sheet Data
Current assets	$	14,035	$	13,319	$	27,354	$	16,506	$	16,234	$	32,740
Non-current assets	14,484		6,680		21,164		14,012		3,870		17,882
Total assets	$	28,519	$	19,999	$	48,518	$	30,518	$	20,104	$	50,622

Current liabilities	$	21,256	$	11,588	$	32,844	$	21,574	$	13,985	$	35,559
Non-current liabilities	968		5,017		5,985		1,689		2,826		4,515
Total liabilities	$	22,224	$	16,605	$	38,829	$	23,263	$	16,811	$	40,074

Noncontrolling interests	$	847	$	1	$	848	$	865	$	1	$	866



	Years Ended December 31,
	2019		2018		2017
Summarized Operating Data
Automotive China JVs' net sales	$	39,123	$	50,316	$	50,065
Others' net sales	1,815		1,721		2,542
Total net sales	$	40,938	$	52,037	$	52,607

Automotive China JVs' net income	$	2,258	$	3,992	$	3,984
Others' net income	477		536		648
Total net income	$	2,735	$	4,528	$	4,632

Equity Method Investee [Member]

Schedule of Equity Method Investments [Line Items]

Transactions with and Balances Related to Nonconsolidated Affiliates

The following tables summarize transactions with and balances related to our nonconsolidated affiliates:



	Years Ended December 31,
	2019		2018		2017
Automotive sales and revenue	$	199	$	406	$	923
Automotive purchases, net	$	1,065	$	1,155	$	674
Dividends received	$	1,852	$	2,022	$	2,000
Operating cash flows	$	913	$	657	$	2,321



	December 31, 2019		December 31, 2018
Accounts and notes receivable, net	$	1,007	$	979
Accounts payable	$	369	$	163
Undistributed earnings	$	2,118	$	2,331

China JVs

Schedule of Equity Method Investments [Line Items]

Schedule of Equity Method Investments

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



	December 31, 2019		December 31, 2018
Automotive China JVs
SAIC General Motors Corp., Ltd. (SGM)	50	%	50	%
Pan Asia Technical Automotive Center Co., Ltd.	50	%	50	%
SAIC General Motors Sales Co., Ltd.	49	%	49	%
SAIC GM Wuling Automobile Co., Ltd. (SGMW)	44	%	44	%
Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar)	40	%	40	%
SAIC GM (Shenyang) Norsom Motors Co., Ltd. (SGM Norsom)	25	%	25	%
SAIC GM Dong Yue Motors Co., Ltd. (SGM DY)	25	%	25	%
SAIC GM Dong Yue Powertrain Co., Ltd. (SGM DYPT)	25	%	25	%
FAW-GM Light Duty Commercial Vehicle Co., Ltd. (FAW-GM)(a)	—	%	50	%
Other joint ventures
SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC)	35	%	35	%
SAIC-GMF Leasing Co., Ltd.	35	%	35	%

________

(a)

In 2019, we divested our joint venture FAW-GM.

Cover Page - USD ($) $ in Billions	12 Months Ended
Cover Page - USD ($) $ in Billions	Dec. 31, 2019	Jan. 24, 2020	Jun. 30, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-34960
Entity Registrant Name	GENERAL MOTORS COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0756180
Entity Address, Address Line One	300 Renaissance Center,
Entity Address, City or Town	Detroit,
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48265
City Area Code	313
Local Phone Number	667-1500
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	GM
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 54.7
Entity Common Stock, Shares Outstanding		1,429,002,063
Documents Incorporated by Reference	Portions of the registrant's definitive Proxy Statement related to the Annual Stockholders Meeting to be filed subsequently are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0001467858
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Supplementary Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Supplementary Quarterly Financial Information (Unaudited)

The following tables summarize supplementary quarterly financial information:



	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2019
Total net sales and revenue	$	34,878	$	36,060	$	35,473	$	30,826
Automotive and other gross margin(a)	$	3,032	$	4,098	$	3,643	$	1,273
Income (loss) from continuing operations	$	2,145	$	2,403	$	2,311	$	(192	)
Net income (loss) attributable to stockholders	$	2,157	$	2,418	$	2,351	$	(194	)
Basic earnings (loss) per common share – continuing operations	$	1.50	$	1.68	$	1.62	$	(0.16	)
Diluted earnings (loss) per common share – continuing operations	$	1.48	$	1.66	$	1.60	$	(0.16	)

__________


(a)	Includes our Cruise segment.

In the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019 we recorded pre-tax charges of $790 million, $361 million, $390 million and $267 million related to transformation activities including accelerated depreciation, supplier-related charges and other charges. In the three months ended March 31, 2019, June 30, 2019 and September 30, 2019, we recorded pre-tax benefits of $857 million, $380 million and $123 million related to the retrospective recoveries of indirect taxes in Brazil. In the three months ended September 30, 2019 and December 31, 2019, we estimate that the lost vehicle production volumes and parts sales due to the UAW strike had an unfavorable pre-tax impact on our Income from continuing operations. In the three months ended December 31, 2019 we recorded a pre-tax charge of $164 million related to the divestiture in our joint venture FAW-GM.



	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2018
Total net sales and revenue	$	36,099	$	36,760	$	35,791	$	38,399
Automotive and other gross margin(a)	$	2,507	$	3,204	$	3,743	$	2,935
Income from continuing operations	$	1,110	$	2,366	$	2,530	$	2,069
Loss from discontinued operations, net of tax	$	70	$	—	$	—	$	—
Net income attributable to stockholders	$	1,046	$	2,390	$	2,534	$	2,044
Basic earnings per common share – continuing operations	$	0.78	$	1.68	$	1.77	$	1.42
Basic loss per common share – discontinued operations	$	0.05	$	—	$	—	$	—
Diluted earnings per common share – continuing operations	$	0.77	$	1.66	$	1.75	$	1.40
Diluted loss per common share – discontinued operations	$	0.05	$	—	$	—	$	—

__________


(a)	Includes our Cruise segment.

In the three months ended March 31, 2018 and June 30, 2018, we collectively recorded pre-tax charges of $1.1 billion related to the closure of a facility and other restructuring actions in Korea. In the three months ended September 30, 2018 we recorded pre-tax charges of $440 million for ignition switch related legal matters. In the three months ended December 31, 2018 we recorded pre-tax charges of $1.3 billion related to transformation activities including employee separation, accelerated depreciation and other charges; and a non-recurring tax benefit of $1.0 billion related to foreign earnings.

Debt

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt

Automotive The following table presents debt in our automotive operations:



	December 31, 2019			December 31, 2018
Secured debt	$	167		$	143
Unsecured debt	13,909			13,292
Finance lease liabilities	310			528
Total automotive debt(a)	$	14,386		$	13,963

Fair value utilizing Level 1 inputs	$	13,628		$	11,693
Fair value utilizing Level 2 inputs	2,300			1,838
Fair value of automotive debt	$	15,928		$	13,531

Available under credit facility agreements	$	17,285		$	14,167
Weighted-average interest rate on outstanding short-term debt(b)	4.9		%	6.6		%
Weighted-average interest rate on outstanding long-term debt(b)	5.4		%	5.2		%

__________


(a)	Includes net discount and debt issuance costs of $540 million and $499 million at December 31, 2019 and 2018.


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

Finance lease assets in Property, net were $327 million at December 31, 2019. Finance lease costs were $170 million in the year ended December 31, 2019. Finance lease right of use assets obtained in exchange for lease obligations were $196 million in the year ended December 31, 2019. Undiscounted future lease obligations related to finance leases are $129 million for the year 2020, $156 million in aggregate for the years 2021 to 2024 and $354 million thereafter, with imputed interest of $329 million at December 31, 2019. The weighted-average discount rate on finance leases was 10.9% and the weighted-average remaining lease term was 13.7 years at December 31, 2019. Payments for finance leases included in Net cash provided by (used in) financing activities were $183 million at December 31, 2019.

In January 2019 we executed a new three-year committed unsecured revolving credit facility with an initial borrowing capacity of $3.0 billion, reducing to $2.0 billion in July 2020. The facility provides additional financial flexibility and was used in 2019 to fund transformation activities announced in November 2018 for $700 million, which we repaid in full in 2019. In April 2019 we renewed our 364-day $2.0 billion credit facility for an additional 364-day term. This facility has been allocated for exclusive use by GM Financial since April 2018.

GM Financial The following table presents debt of GM Financial:



	December 31, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt	$	39,959	$	40,160	$	42,835	$	42,835
Unsecured debt	48,979		50,239		48,153		47,556
Total GM Financial debt	$	88,938	$	90,399	$	90,988	$	90,391

Fair value utilizing Level 2 inputs			$	88,481			$	88,305
Fair value utilizing Level 3 inputs			$	1,918			$	2,086

Secured debt consists of revolving credit facilities and securitization notes payable. Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged Securitized Assets. Refer to Note 11 for additional information on GM Financial's involvement with VIEs. GM Financial is required to hold certain funds in restricted cash accounts to provide additional collateral for borrowings under certain secured credit facilities. The weighted-average interest rate on secured debt was 2.95% at December 31, 2019. The revolving credit facilities have maturity dates ranging from 2020 to 2025 and securitization notes payable have maturity dates ranging from 2020 to 2027. At the end of the revolving period, if not renewed, the debt of revolving credit facilities will amortize over a defined period. In the year ended December 31, 2019 GM Financial entered into new or renewed credit facilities with a total net additional borrowing capacity of $225 million, which had substantially the same terms as existing debt and GM Financial issued $16.2 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 2.75% and maturity dates ranging from 2022 to 2027.

Unsecured debt consists of senior notes, credit facilities and other unsecured debt. Senior notes outstanding at December 31, 2019 are due beginning in 2020 through 2029 and have a weighted-average interest rate of 3.42%. In the year ended December 31, 2019 GM Financial issued $6.9 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 3.63% and maturity dates ranging from 2021 to 2029.

In January 2020 GM Financial issued $1.25 billion in senior notes with an interest rate of 2.90% due in 2025.

Each of the revolving credit facilities and the indentures governing GM Financial's notes contain terms and covenants including limitations on GM Financial's ability to incur certain liens.

Unsecured credit facilities and other unsecured debt have original maturities of up to four years. The weighted-average interest rate on these credit facilities and other unsecured debt was 4.73% at December 31, 2019.



	Years Ended December 31,
	2019		2018		2017
Automotive interest expense	$	782	$	655	$	575
Automotive Financing - GM Financial interest expense	3,641		3,225		2,566
Total interest expense	$	4,423	$	3,880	$	3,141

The following table summarizes contractual maturities including finance leases at December 31, 2019:



	Automotive		Automotive Financing(a)		Total
2020	$	1,912	$	35,587	$	37,499
2021	535		20,690		21,225
2022	70		11,763		11,833
2023	1,546		7,038		8,584
2024	48		5,795		5,843
Thereafter	10,807		8,160		18,967
	$	14,918	$	89,033	$	103,951

________


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

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. Certain of GM Financial’s secured debt agreements also contain various covenants, including maintaining portfolio performance ratios as well as limits on deferment levels. GM Financial’s unsecured debt obligations contain covenants including limitations on GM Financial's ability to incur certain liens. 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, 2019.

Property (Details) - USD ($) $ in Millions	12 Months Ended
Property (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment, Net, by Type [Abstract]
Total property	$ 67,449	$ 65,483
Less: accumulated depreciation	(28,699)	(26,725)
Total property, net	38,750	38,758
Depreciation, Amortization and Impairment [Abstract]
Depreciation and amortization expense	14,060	13,142	$ 11,967
Property, Plant and Equipment
Capitalized Interest and Software [Abstract]
Capitalized Software, Net	1,300	1,100
Depreciation, Amortization and Impairment [Abstract]
Depreciation and amortization expense	6,541	5,347	4,966
Impairment charges	7	466	199
Capitalized software amortization expense	452	424	$ 459
Land
Property, Plant and Equipment, Net, by Type [Abstract]
Total property	1,302	1,349
Buildings and Improvements
Property, Plant and Equipment, Net, by Type [Abstract]
Total property	$ 9,705	9,173
Buildings and Improvements \| Minimum
Property, Plant and Equipment, Net, by Type [Abstract]
Estimated Useful Life in Years	5 years
Buildings and Improvements \| Maximum
Property, Plant and Equipment, Net, by Type [Abstract]
Estimated Useful Life in Years	40 years
Machinery and Equipment
Property, Plant and Equipment, Net, by Type [Abstract]
Total property	$ 29,814	26,453
Machinery and Equipment \| Minimum
Property, Plant and Equipment, Net, by Type [Abstract]
Estimated Useful Life in Years	3 years
Machinery and Equipment \| Maximum
Property, Plant and Equipment, Net, by Type [Abstract]
Estimated Useful Life in Years	27 years
Special Tools
Property, Plant and Equipment, Net, by Type [Abstract]
Total property	$ 23,586	23,828
Special Tools \| Minimum
Property, Plant and Equipment, Net, by Type [Abstract]
Estimated Useful Life in Years	1 year
Special Tools \| Maximum
Property, Plant and Equipment, Net, by Type [Abstract]
Estimated Useful Life in Years	13 years
Construction in Progress
Property, Plant and Equipment, Net, by Type [Abstract]
Total property	$ 3,042	$ 4,680

Income Taxes - Income Tax Expense (Benefit) Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income tax expense at U.S. federal statutory income tax rate	$ 1,295	$ 1,341	$ 3,406
State and local tax expense (benefit)	117	282	(76)
Non-U.S. income taxed at other than the U.S. federal statutory tax rate	166	90	(145)
U.S. tax impact on Non-U.S. income and activities	(197)	(822)	(941)
Change in valuation allowances	(233)	1,695	2,712
Change in tax laws	(122)	(134)	7,194
General business credits and manufacturing incentives	(420)	(695)	(428)
Capital loss expiration	0	107	0
Settlements of prior year tax matters	0	(188)	(256)
Realization of basis differences in affiliates	0	(59)	0
Foreign currency remeasurement	74	19	23
Other adjustments	89	(172)	44
Total income tax expense	769	474	11,533
Germany
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Change in tax laws	$ 0	$ (990)	$ 0

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,667	$ 8,005	$ (3,882)
Other comprehensive income (loss), net of tax (Note 20)
Foreign currency translation adjustments and other	(6)	(715)	747
Defined benefit plans	(2,122)	(221)	570
Other comprehensive income (loss), net of tax	(2,128)	(936)	1,317
Comprehensive income (loss)	4,539	7,069	(2,565)
Comprehensive loss attributable to noncontrolling interests	76	15	20
Comprehensive income (loss) attributable to stockholders	$ 4,615	$ 7,084	$ (2,545)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686

+ Details

Consolidated Statements Of Equity - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests	Noncontrolling Interests Preferred Stock
Balance at beginning of period at Dec. 31, 2016	$ 44,075		$ 15	$ 26,983	$ 26,168	$ (9,330)	$ 239
Net income (loss)	(3,882)				(3,864)		(18)
Other comprehensive income (loss)	1,317					1,319	(2)
Issuance of subsidiary preferred and common stock (Note 20)		$ 985						$ 985
Purchase of common stock	(4,492)		(1)	(2,063)	(2,428)
Exercise of common stock warrants	43			43
Stock based compensation	434			468	(34)
Cash dividends paid on common stock	(2,215)				(2,215)
Dividends to noncontrolling interests	(18)						(18)
Other	(47)			(60)			13
Balance at end of period at Dec. 31, 2017	36,200		14	25,371	17,627	(8,011)	1,199
Net income (loss)	8,005				8,014		(9)
Adoption of accounting standards	(1,144)				(1,046)	(98)
Other comprehensive income (loss)	(936)					(930)	(6)
Issuance of subsidiary preferred and common stock (Note 20)		2,862						2,862
Purchase of common stock	(190)			(91)	(99)
Stock based compensation	287			287
Cash dividends paid on common stock	(2,144)				(2,144)
Dividends to noncontrolling interests	(169)						(169)
Other	6			(4)	(30)		40
Balance at end of period at Dec. 31, 2018	42,777		14	25,563	22,322	(9,039)	3,917
Net income (loss)	6,667				6,732		(65)
Other comprehensive income (loss)	(2,128)					(2,117)	(11)
Issuance of subsidiary preferred and common stock (Note 20)		$ 457						$ 457
Purchase of common stock	0
Stock based compensation	375			409	(34)
Cash dividends paid on common stock	(2,165)				(2,165)
Dividends to noncontrolling interests	(166)						(166)
Other	140			102	5		33
Balance at end of period at Dec. 31, 2019	$ 45,957		$ 14	$ 26,074	$ 26,860	$ (11,156)	$ 4,165

GM Financial Receivables and Transactions (Tables) - GM Financial

12 Months Ended

Dec. 31, 2019

Finance Receivables [Line Items]

GM Financial Receivables



	December 31, 2019									December 31, 2018
	Retail			Commercial(a)			Total			Retail			Commercial(a)			Total
Finance receivables, collectively evaluated for impairment, net of fees	$	39,851		$	11,595		$	51,446		$	38,220		$	12,235		$	50,455
Finance receivables, individually evaluated for impairment, net of fees(b)	2,378			76			2,454			2,348			41			2,389
GM Financial receivables	42,229			11,671			53,900			40,568			12,276			52,844
Less: allowance for loan losses	(866		)	(78		)	(944		)	(844		)	(67		)	(911		)
GM Financial receivables, net	$	41,363		$	11,593		$	52,956		$	39,724		$	12,209		$	51,933

Fair value of GM Financial receivables utilizing Level 2 inputs							$	11,593								$	12,209
Fair value of GM Financial receivables utilizing Level 3 inputs							$	41,973								$	39,430

__________


(a)	Net of dealer cash management balances of $1.2 billion and $922 million at December 31, 2019 and 2018. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on their floorplan line by making principal payments to GM Financial in advance.


(b)	The allowance for loan losses included $330 million and $321 million of specific allowances on retail receivables at December 31, 2019 and 2018.



	Years Ended December 31,
	2019			2018			2017
Allowance for loan losses at beginning of period	$	911		$	942		$	805
Provision for loan losses	726			642			757
Charge-offs	(1,246		)	(1,199		)	(1,173		)
Recoveries	551			536			552
Effect of foreign currency	2			(10		)	1
Allowance for loan losses at end of period	$	944		$	911		$	942

Allowance for Loan Losses



	Years Ended December 31,
	2019			2018			2017
Allowance for loan losses at beginning of period	$	911		$	942		$	805
Provision for loan losses	726			642			757
Charge-offs	(1,246		)	(1,199		)	(1,173		)
Recoveries	551			536			552
Effect of foreign currency	2			(10		)	1
Allowance for loan losses at end of period	$	944		$	911		$	942

Intercompany Transactions



	December 31, 2019		December 31, 2018
Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers	$	478	$	445
Direct-financing lease receivables from GM subsidiaries	$	39	$	134
Subvention receivable(b)	$	676	$	727
Commercial loan funding payable	$	74	$	61



	Years Ended December 31,
	2019		2018		2017
Consolidated Statements of Income
Interest subvention earned on finance receivables	$	588	$	554	$	492
Leased vehicle subvention earned	$	3,273	$	3,274	$	3,046

__________


(a)	All balance sheet amounts are eliminated upon consolidation.

(b)

Our Automotive segments made cash payments to GM Financial for subvention of $4.1 billion, $3.8 billion, and $4.3 billion in the years ended December 31, 2019, 2018 and 2017.

Retail Finance Receivables

Finance Receivables [Line Items]

Retail Finance Receivables Delinquency

The following table summarizes the contractual amount of delinquent retail finance receivables, which is not significantly different than the recorded investment of the retail finance receivables:



	December 31, 2019				December 31, 2018
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31-to-60 days delinquent	$	1,354	3.2	%	$	1,349	3.3	%
Greater-than-60 days delinquent	542		1.3	%	547		1.4	%
Total finance receivables more than 30 days delinquent	1,896		4.5	%	1,896		4.7	%
In repossession	44		0.1	%	44		0.1	%
Total finance receivables more than 30 days delinquent or in repossession	$	1,940	4.6	%	$	1,940	4.8	%

Commercial Finance Receivables

Finance Receivables [Line Items]

Commercial Finance Receivables Credit Quality

The following table summarizes the credit risk profile by dealer risk rating of the commercial finance receivables:



		December 31, 2019		December 31, 2018
Group I	– Dealers with superior financial metrics	$	1,942	$	2,192
Group II	– Dealers with strong financial metrics	4,552		4,399
Group III	– Dealers with fair financial metrics	3,711		4,064
Group IV	– Dealers with weak financial metrics	968		1,116
Group V	– Dealers warranting special mention due to elevated risks	370		422
Group VI	– Dealers with loans classified as substandard, doubtful or impaired	128		83
		$	11,671	$	12,276

Restructuring And Other Initiatives

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Restructuring and Other Initiatives

We have executed various restructuring and other initiatives and we may execute additional initiatives in the future, if necessary, to streamline manufacturing capacity and reduce other costs to improve the utilization of remaining facilities. To the extent these programs involve voluntary separations, a liability is generally recorded at the time offers to employees are accepted. To the extent these programs provide separation benefits in accordance with pre-existing agreements, a liability is recorded once the amount is probable and reasonably estimable. If employees are involuntarily terminated, a liability is generally recorded at the communication date. Related charges are recorded in Automotive and other cost of sales and Automotive and other selling, general and administrative expense.

The following table summarizes the reserves and charges related to restructuring and other initiatives, including postemployment benefit reserves and charges:



	Years Ended December 31,
	2019			2018			2017
Balance at beginning of period	$	1,122		$	227		$	268
Additions, interest accretion and other	629			1,637			330
Payments	(1,101		)	(600		)	(315		)
Revisions to estimates and effect of foreign currency	(86		)	(142		)	(56		)
Balance at end of period	$	564		$	1,122		$	227

In the year ended December 31, 2019, restructuring and other initiatives primarily included actions related to our announced transformation activities, which include unallocation of products to certain manufacturing facilities and other employee separation programs. We recorded charges of $1.8 billion, primarily in GMNA, in the year ended December 31, 2019 consisting of $1.3 billion primarily in non-cash accelerated depreciation and pension curtailment and other charges, not reflected in the table above, and $535 million primarily in supplier-related charges and employee-related separation charges, which are reflected in the table above. We recorded charges of $1.3 billion, primarily in GMNA, in the year ended December 31, 2018 consisting of $1.0 billion in employee separations and other charges, which are reflected in the table above, and $301 million primarily in non-cash accelerated depreciation, not reflected in the table above. These programs have a total cost since inception of $3.1 billion and were complete at December 31, 2019. We incurred $1.1 billion in cash outflows resulting from these restructuring actions, primarily for employee separation payments and supplier-related payments in the year ended December 31, 2019. We expect additional cash outflows related to these activities of approximately $400 million to be substantially complete by the end of 2020.

In the year ended December 31, 2018, restructuring and other initiatives in GMI primarily included the closure of a facility and other restructuring actions in Korea and employee separation programs. We recorded charges of $1.0 billion related to Korea, net of noncontrolling interests. These charges consisted of $537 million in non-cash asset impairments and other charges, not reflected in the table above, and $495 million in employee separation charges, which are reflected in the table above. We incurred $775 million in cash outflows resulting from these Korea restructuring actions, primarily for employee separations and statutory pension payments in the year ended December 31, 2018. These programs were substantially complete at December 31, 2018.

In the year ended December 31, 2017, restructuring and other initiatives primarily included restructuring actions announced in the three months ended June 30, 2017 in GMI. These actions primarily related to the withdrawal of Chevrolet from the Indian and South African markets at the end of 2017 and the transition of our South Africa manufacturing operations to Isuzu Motors. We continue to manufacture vehicles in India for sale to certain export markets. We recorded charges of $460 million in GMI primarily consisting of $297 million of asset impairments, sales incentives, inventory provisions and other charges, not reflected in the table above, and $163 million of dealer restructurings, employee separations and other contract cancellation costs, which are reflected in the table above. We completed these programs in GMI in 2017. Other GMI restructuring programs reflected in the table above include separation and other programs in Australia, Korea and India and the withdrawal of the Chevrolet brand from Europe. Collectively, these programs had a total cost of $892 million since inception in 2013 through the completion of the programs in the year ended December 31, 2017.

Supplemental Information for the Consolidated Statements of Cash Flows

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Information [Abstract]

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:



Change in other operating assets and liabilities	Years Ended December 31,
Change in other operating assets and liabilities	2019			2018			2017
Accounts receivable	$	(563	)	$	492		$	1,402
Wholesale receivables funded by GM Financial, net	663			(2,606		)	(2,099		)
Inventories	(761		)	399			440
Automotive equipment on operating leases	274			748			(263		)
Change in other assets	(1,550		)	(529		)	108
Accounts payable	(492		)	(537		)	(362		)
Income taxes payable	213			(75		)	(3		)
Accrued and other liabilities	(1,573		)	732			(2,238		)
Total	$	(3,789	)	$	(1,376	)	$	(3,015	)

Cash paid for income taxes and interest
Cash paid for income taxes, net	$	689		$	660		$	656
Cash paid for interest (net of amounts capitalized) – Automotive	$	739		$	656		$	501
Cash paid for interest (net of amounts capitalized) – GM Financial	3,475			2,941			2,571
Total cash paid for interest (net of amounts capitalized)	$	4,214		$	3,597		$	3,072

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill of $1.9 billion consisted of $1.4 billion recorded in GM Financial and $504 million included in Cruise at December 31, 2019 and 2018.



	December 31, 2019						December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology and intellectual property	$	734	$	533	$	201	$	734	$	457	$	277
Brands	4,298		1,285		3,013		4,299		1,165		3,134
Dealer network, customer relationships and other	966		702		264		968		661		307
Total intangible assets	$	5,998	$	2,520	$	3,478	$	6,001	$	2,283	$	3,718

Our amortization expense related to intangible assets was $202 million, $247 million, and $278 million in the years ended December 31, 2019, 2018 and 2017.

Amortization expense related to intangible assets is estimated to be approximately $160 million in each of the next five years.

Interest Income and Other Non-Operating Income

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Interest Income and Other Non-Operating Income



	Years Ended December 31,
	2019			2018		2017
Non-service pension and OPEB income	$	797		$	1,665	$	1,316
Interest income	429			335		266
Licensing agreements income	165			296		74
Revaluation of investments	80			258		(56		)
Other	(2		)	42		45
Total interest income and other non-operating income, net	$	1,469		$	2,596	$	1,645

Property

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment, Net [Abstract]

Property



	Estimated Useful Lives in Years	December 31, 2019			December 31, 2018
Land		$	1,302		$	1,349
Buildings and improvements	5-40	9,705			9,173
Machinery and equipment	3-27	29,814			26,453
Special tools	1-13	23,586			23,828
Construction in progress		3,042			4,680
Total property		67,449			65,483
Less: accumulated depreciation		(28,699		)	(26,725		)
Total property, net		$	38,750		$	38,758

The amount of capitalized software included in Property, net was $1.3 billion and $1.1 billion at December 31, 2019 and 2018. The amount of interest capitalized and excluded from Automotive interest expense related to Property, net was insignificant in the years ended December 31, 2019, 2018 and 2017.



	Years Ended December 31,
	2019		2018		2017
Depreciation and amortization expense	$	6,541	$	5,347	$	4,966
Impairment charges	$	7	$	466	$	199
Capitalized software amortization expense(a)	$	452	$	424	$	459

__________


(a)	Included in depreciation and amortization expense.

Pensions And Other Postretirement Benefits

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

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 (hired prior to October 2016) 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 primarily covering 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. In the year ended December 31, 2019 all legal funding requirements were met. The following table summarizes contributions made to the defined benefit pension plans:



	Years Ended December 31,
	2019		2018		2017
U.S. hourly and salaried	$	83	$	76	$	77
Non-U.S.	532		1,624		1,153
Total	$	615	$	1,700	$	1,230

We expect to contribute approximately $70 million to our U.S. non-qualified plans and approximately $500 million to our non-U.S. pension plans in 2020.

Based on our current assumptions, over the next five years we expect no significant mandatory contributions to our U.S. qualified pension plans and mandatory contributions totaling $368 million to our U.K. and Canada pension plans.

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 $326 million, $325 million and $323 million in the years ended December 31, 2019, 2018 and 2017. Plan participants' contributions were insignificant in the years ended December 31, 2019, 2018 and 2017.

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 $537 million, $617 million and $650 million in the years ended December 31, 2019, 2018 and 2017.

Significant Plan Amendments, Benefit Modifications and Related Events

Other Remeasurements The SOA issued mortality improvement tables in the three months ended December 31, 2019. We determined our current mortality improvement assumptions are appropriate to measure our December 31, 2019 U.S. pension and OPEB plans obligations. In 2018 we reviewed our mortality experience and updated our base mortality assumptions in the U.S. This change in assumption decreased the December 31, 2018 U.S. pension and OPEB plans' obligations by $264 million.

Pension and OPEB Obligations and Plan Assets



	Year Ended December 31, 2019									Year Ended December 31, 2018
	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	$	61,190		$	19,904		$	5,744		$	68,450		$	22,789		$	6,374
Service cost	179			120			17			209			149			20
Interest cost	2,264			456			220			2,050			464			195
Actuarial (gains) losses	6,444			1,653			641			(4,449		)	(272		)	(389		)
Benefits paid	(4,753		)	(1,234		)	(395		)	(4,898		)	(1,595		)	(388		)
Foreign currency translation adjustments	—			561			54			—			(1,452		)	(106		)
Curtailments, settlements and other	(640		)	(62		)	23			(172		)	(179		)	38
Ending benefit obligation	64,684			21,398			6,304			61,190			19,904			5,744
Change in plan assets
Beginning fair value of plan assets	56,102			13,528			—			62,639			14,495			—
Actual return on plan assets	8,454			1,669			—			(1,419		)	301			—
Employer contributions	83			532			370			76			1,624			369
Benefits paid	(4,753		)	(1,234		)	(395		)	(4,898		)	(1,595		)	(388		)
Foreign currency translation adjustments	—			668			—			—			(1,106		)	—
Settlements and other	(647		)	(202		)	25			(296		)	(191		)	19
Ending fair value of plan assets	59,239			14,961			—			56,102			13,528			—
Ending funded status	$	(5,445	)	$	(6,437	)	$	(6,304	)	$	(5,088	)	$	(6,376	)	$	(5,744	)
Amounts recorded in the consolidated balance sheets
Non-current assets	$	—		$	698		$	—		$	—		$	496		$	—
Current liabilities	(68		)	(342		)	(369		)	(73		)	(349		)	(374		)
Non-current liabilities	(5,377		)	(6,793		)	(5,935		)	(5,015		)	(6,523		)	(5,370		)
Net amount recorded	$	(5,445	)	$	(6,437	)	$	(6,304	)	$	(5,088	)	$	(6,376	)	$	(5,744	)
Amounts recorded in Accumulated other comprehensive loss
Net actuarial loss	$	(1,980	)	$	(4,688	)	$	(1,364	)	$	(752	)	$	(3,983	)	$	(752	)
Net prior service (cost) credit	14			(78		)	27			19			(64		)	34
Total recorded in Accumulated other comprehensive loss	$	(1,966	)	$	(4,766	)	$	(1,337	)	$	(733	)	$	(4,047	)	$	(718	)



	December 31, 2019				December 31, 2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
ABO	$	64,669	$	21,319	$	61,177	$	19,822
Plans with ABO in excess of plan assets
ABO	$	64,669	$	10,996	$	61,177	$	10,289
Fair value of plan assets	$	59,239	$	3,940	$	56,102	$	3,485
Plans with PBO in excess of plan assets
PBO	$	64,684	$	11,079	$	61,190	$	10,356
Fair value of plan assets	$	59,239	$	3,940	$	56,102	$	3,485

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



	Year Ended December 31, 2019									Year Ended December 31, 2018									Year Ended December 31, 2017
	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	$	393		$	132		$	17		$	330		$	163		$	20		$	315		$	199		$	19
Interest cost	2,264			456			220			2,050			464			195			2,145			473			202
Expected return on plan assets	(3,483		)	(786		)	—			(3,890		)	(825		)	—			(3,677		)	(750		)	—
Amortization of net actuarial (gains) losses	11			122			30			10			144			54			(6		)	157			23
Curtailments, settlements and other	21			142			(23		)	(19		)	43			(19		)	(37		)	8			(5		)
Net periodic pension and OPEB (income) expense	$	(794	)	$	66		$	244		$	(1,519	)	$	(11	)	$	250		$	(1,260	)	$	87		$	239
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate	3.20		%	2.16		%	3.24		%	4.22		%	2.86		%	4.19		%	3.53		%	2.66		%	3.52		%
Weighted-average assumptions used to determine net expense(a)
Discount rate	3.92		%	3.36		%	4.07		%	3.19		%	2.99		%	3.29		%	3.35		%	2.94		%	3.39		%
Expected rate of return on plan assets	6.37		%	5.76		%	N/A			6.61		%	6.09		%	N/A			6.23		%	5.82		%	N/A

_________


(a)	The rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.

The non-service cost components of the net periodic pension and OPEB income are presented in Interest income and other non-operating income, net. Refer to Note 19 for additional information.

U.S. pension plan service cost includes administrative expenses and Pension Benefit Guarantee Corporation premiums of $214 million and $121 million for the years ended December 31, 2019 and 2018. 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, 2019 and 2018.

Estimated amounts to be amortized from Accumulated other comprehensive loss into net periodic benefit cost in the year ending December 31, 2020 based on December 31, 2019 plan measurements are $258 million, primarily consisting 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 as well as 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 rate of return on plan assets represents our estimate of long-term prospective rates of return.

We continue to pursue various options to fund and de-risk 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, equity and currency risks. Equity and fixed income managers are permitted to utilize derivatives as efficient substitutes for traditional securities. Interest rate derivatives may be used to adjust portfolio duration to align with a plan's targeted investment policy and equity derivatives may be used to protect equity positions from downside market losses. Alternative investment managers are permitted to employ leverage, including through the use of derivatives, which may alter economic exposure.

In December 2019, an investment policy study was completed for the U.S. pension plans. As a result of changes to our capital market assumptions, the weighted-average long-term rate of return on assets decreased from 6.4% at December 31, 2018 to 5.9% at December 31, 2019. 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, 2019				December 31, 2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
Equity	12	%	14	%	12	%	14	%
Debt	64	%	67	%	64	%	66	%
Other(a)	24	%	19	%	24	%	20	%
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:



	December 31, 2019									December 31, 2018
	Level 1			Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
U.S. Pension Plan Assets
Common and preferred stocks	$	6,232		$	19	$	1	$	6,252	$	4,914	$	18	$	2	$	4,934
Government and agency debt securities(a)	—			13,843		—		13,843		—		12,077		—		12,077
Corporate and other debt securities	—			24,809		—		24,809		—		24,645		—		24,645
Other investments, net(b)	(47		)	25		401		379		350		80		371		801
Net plan assets subject to leveling	$	6,185		$	38,696	$	402	45,283		$	5,264	$	36,820	$	373	42,457
Plan assets measured at net asset value
Investment funds								7,031								6,465
Private equity and debt investments								2,951								3,021
Real estate investments								3,484								3,504
Total plan assets measured at net asset value								13,466								12,990
Other plan assets, net(c)								490								655
Net plan assets								$	59,239							$	56,102



	December 31, 2019										December 31, 2018
	Level 1			Level 2			Level 3		Total		Level 1		Level 2		Level 3		Total
Non-U.S. Pension Plan Assets
Common and preferred stocks	$	489		$	1		$	—	$	490	$	441	$	1	$	5	$	447
Government and agency debt securities(a)	—			3,927			—		3,927		—		3,640		—		3,640
Corporate and other debt securities	—			3,230			—		3,230		—		2,589		1		2,590
Other investments, net(b)(d)	(5		)	(107		)	248		136		59		128		242		429
Net plan assets subject to leveling	$	484		$	7,051		$	248	7,783		$	500	$	6,358	$	248	7,106
Plan assets measured at net asset value
Investment funds									5,608								5,081
Private equity and debt investments									511								526
Real estate investments									982								980
Total plan assets measured at net asset value									7,101								6,587
Other plan assets (liabilities), net(c)									77								(165		)
Net plan assets									$	14,961							$	13,528

__________


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


(b)	Includes net derivative assets (liabilities).


(c)	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.


(d)	Level 2 Other investments, net includes Canadian reverse repurchase agreements.

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, 2019 and 2018.

Investment Fund Strategies Investment funds include hedge funds, funds of hedge funds, equity funds and fixed income funds. Hedge funds and 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 market 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.

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:



	Pension Benefits				Global OPEB Plans
	U.S. Plans		Non-U.S. Plans		Global OPEB Plans
2020	$	4,942	$	1,529	$	372
2021	$	4,755	$	1,201	$	369
2022	$	4,631	$	1,164	$	365
2023	$	4,515	$	1,130	$	360
2024	$	4,407	$	1,104	$	357
2025 - 2029	$	20,257	$	5,166	$	1,755

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 19,069	$ 20,844
Marketable debt securities (Note 4)	4,174	5,966
Accounts and notes receivable (net of allowance of $201 and $211)	6,797	6,549
Inventories (Note 6)	10,398	9,816
Other current assets (Note 4; Note 11 at VIEs)	7,953	5,268
Total current assets	74,992	75,293
Non-current Assets
Equity in net assets of nonconsolidated affiliates (Note 8)	8,562	9,215
Property, net (Note 9)	38,750	38,758
Goodwill and intangible assets, net (Note 10)	5,337	5,579
Equipment on operating leases, net (Note 7; Note 11 at VIEs)	42,055	43,559
Deferred income taxes (Note 17)	24,640	24,082
Other assets (Note 4; Note 11 at VIEs)	7,346	5,770
Total non-current assets	153,045	152,046
Total Assets	228,037	227,339
Current Liabilities
Accounts payable (principally trade)	21,018	22,297
Accrued liabilities (Note 12)	26,487	28,049
Total current liabilities	84,905	82,237
Non-current Liabilities
Postretirement benefits other than pensions (Note 15)	5,935	5,370
Pensions (Note 15)	12,170	11,538
Other liabilities (Note 12)	13,146	12,357
Total non-current liabilities	97,175	102,325
Total Liabilities	182,080	184,562
Commitments and contingencies (Note 16)
Equity (Note 20)
Common stock, $0.01 par value	14	14
Additional paid-in capital	26,074	25,563
Retained earnings	26,860	22,322
Accumulated other comprehensive loss	(11,156)	(9,039)
Total stockholders’ equity	41,792	38,860
Noncontrolling interests	4,165	3,917
Total Equity	45,957	42,777
Total Liabilities and Equity	228,037	227,339
GM Financial
Current Assets
GM Financial receivables, net (Note 5; Note 11 at VIEs)	26,601	26,850
Non-current Assets
GM Financial receivables, net (Note 5; Note 11 at VIEs)	26,355	25,083
Current Liabilities
Short-term debt and current portion of long-term debt (Note 13)	35,503	30,956
Non-current Liabilities
Long-term debt (Note 13)	53,435	60,032
Automotive
Current Liabilities
Short-term debt and current portion of long-term debt (Note 13)	1,897	935
Non-current Liabilities
Long-term debt (Note 13)	$ 12,489	$ 13,028

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize key financial information by segment:



	At and For the Year Ended December 31, 2019
	GMNA			GMI			Corporate			Eliminations			Total Automotive			Cruise			GM Financial		Eliminations/Reclassifications			Total
Net sales and revenue	$	106,366		$	16,111		$	220					$	122,697		$	100		$	14,554	$	(114	)	$	137,237
Earnings (loss) before interest and taxes-adjusted	$	8,204		$	(202	)	$	(691	)				$	7,311		$	(1,004	)	$	2,104	$	(18	)	$	8,393
Adjustments(a)	$	(1,618	)	$	1,081		$	(2	)				$	(539	)	$	—		$	—	$	—		(539		)
Automotive interest income																								429
Automotive interest expense																								(782		)
Net (loss) attributable to noncontrolling interests																								(65		)
Income before income taxes																								7,436
Income tax expense																								(769		)
Income from continuing operations																								6,667
Loss from discontinued operations, net of tax																								—
Net loss attributable to noncontrolling interests																								65
Net income attributable to stockholders																								$	6,732
Equity in net assets of nonconsolidated affiliates	$	84		$	7,023		$	—		$	—		$	7,107		$	—		$	1,455	$	—		$	8,562
Goodwill and intangibles	$	2,459		$	888		$	1		$	—		$	3,348		$	634		$	1,355	$	—		$	5,337
Total assets	$	109,290		$	24,969		$	32,365		$	(50,244	)	$	116,380		$	4,230		$	108,881	$	(1,454	)	$	228,037
Expenditures for property	$	6,305		$	1,096		$	84		$	—		$	7,485		$	60		$	47	$	—		$	7,592
Depreciation and amortization	$	6,112		$	533		$	46		$	(2	)	$	6,689		$	21		$	7,350	$	—		$	14,060
Impairment charges	$	15		$	7		$	—		$	—		$	22		$	36		$	—	$	—		$	58
Equity income	$	8		$	1,123		$	(29	)	$	—		$	1,102		$	—		$	166	$	—		$	1,268

__________


(a)	Consists of restructuring and other charges related to transformation activities of $1.6 billion in GMNA and $115 million in GMI; a benefit of $1.4 billion related to the retrospective recoveries of indirect taxes in Brazil; partially offset by losses of $164 million related to the FAW-GM divestiture in GMI.



	At and For the Year Ended December 31, 2018
	GMNA			GMI			Corporate			Eliminations			Total Automotive			Cruise			GM Financial		Eliminations			Total
Net sales and revenue	$	113,792		$	19,148		$	203					$	133,143		$	—		$	14,016	$	(110	)	$	147,049
Earnings (loss) before interest and taxes-adjusted	$	10,769		$	423		$	(570	)				$	10,622		$	(728	)	$	1,893	$	(4	)	$	11,783
Adjustments(a)	$	(1,236	)	$	(1,212	)	$	(457	)				$	(2,905	)	$	—		$	—	$	—		(2,905		)
Automotive interest income																								335
Automotive interest expense																								(655		)
Net (loss) attributable to noncontrolling interests																								(9		)
Income before income taxes																								8,549
Income tax expense																								(474		)
Income from continuing operations																								8,075
Loss from discontinued operations, net of tax																								(70		)
Net loss attributable to noncontrolling interests																								9
Net income attributable to stockholders																								$	8,014
Equity in net assets of nonconsolidated affiliates	$	75		$	7,761		$	24		$	—		$	7,860		$	—		$	1,355	$	—		$	9,215
Goodwill and intangibles	$	2,623		$	928		$	1		$	—		$	3,552		$	671		$	1,356	$	—		$	5,579
Total assets	$	109,763		$	24,911		$	31,694		$	(50,690	)	$	115,678		$	3,195		$	109,953	$	(1,487	)	$	227,339
Expenditures for property	$	7,784		$	883		$	21		$	(2	)	$	8,686		$	15		$	60	$	—		$	8,761
Depreciation and amortization	$	4,995		$	562		$	50		$	(3	)	$	5,604		$	7		$	7,531	$	—		$	13,142
Impairment charges	$	55		$	466		$	6		$	—		$	527		$	—		$	—	$	—		$	527
Equity income	$	8		$	1,972		$	—		$	—		$	1,980		$	—		$	183	$	—		$	2,163

__________


(a)	Consists of restructuring and other charges related to transformation activities of $1.2 billion in GMNA; charges of $1.2 billion related to restructuring actions in Korea and other countries in GMI; and of $440 million for ignition switch-related legal matters and other insignificant charges in Corporate.



	At and For the Year Ended December 31, 2017
	GMNA		GMI			Corporate			Eliminations			Total Automotive			Cruise			GM Financial		Eliminations			Total
Net sales and revenue	$	111,345	$	21,920		$	342					$	133,607		$	—		$	12,151	$	(170	)	$	145,588
Earnings (loss) before interest and taxes-adjusted	$	11,889	$	1,300		$	(921	)				$	12,268		$	(613	)	$	1,196	$	(7	)	$	12,844
Adjustments(a)	$	—	$	(540	)	$	(114	)				$	(654	)	$	—		$	—	$	—		(654		)
Automotive interest income																							266
Automotive interest expense																							(575		)
Net (loss) attributable to noncontrolling interests																							(18		)
Income before income taxes																							11,863
Income tax expense																							(11,533		)
Income from continuing operations																							330
Loss from discontinued operations, net of tax																							(4,212		)
Net loss attributable to noncontrolling interests																							18
Net loss attributable to stockholders																							$	(3,864	)
Equity in net assets of nonconsolidated affiliates	$	68	$	7,818		$	—		$	—		$	7,886		$	—		$	1,187	$	—		$	9,073
Goodwill and intangibles	$	2,819	$	973		$	11		$	—		$	3,803		$	679		$	1,367	$	—		$	5,849
Total assets	$	99,874	$	27,712		$	30,573		$	(42,750	)	$	115,409		$	666		$	97,251	$	(844	)	$	212,482
Expenditures for property	$	7,704	$	607		$	14		$	—		$	8,325		$	34		$	94	$	—		$	8,453
Depreciation and amortization	$	4,654	$	708		$	32		$	(1	)	$	5,393		$	1		$	6,573	$	—		$	11,967
Impairment charges	$	78	$	211		$	5		$	—		$	294		$	—		$	—	$	—		$	294
Equity income	$	8	$	1,951		$	—		$	—		$	1,959		$	—		$	173	$	—		$	2,132

__________


(a)	Consists of charges of $460 million related to restructuring actions in India and South Africa in GMI; charges of $80 million associated with the deconsolidation of Venezuela in GMI and charges of $114 million for ignition switch-related legal matters in Corporate.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table summarizes information concerning principal geographic areas:



	At and For the Years Ended December 31,
	2019				2018				2017
	Net Sales and Revenue		Long-Lived Assets		Net Sales and Revenue		Long-Lived Assets		Net Sales and Revenue		Long-Lived Assets
Automotive
U.S.	$	97,887	$	25,401	$	104,413	$	25,625	$	100,674	$	24,473
Non-U.S.	24,810		13,190		28,632		13,263		32,775		12,715
GM Financial
U.S.	12,727		39,509		12,169		41,334		10,489		40,674
Non-U.S.	1,813		2,772		1,835		2,476		1,650		2,467
Total consolidated	$	137,237	$	80,872	$	147,049	$	82,698	$	145,588	$	80,329

Supplemental Information for the Consolidated Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts receivable	$ (563)	$ 492	$ 1,402
Wholesale receivables funded by GM Financial, net	663	(2,606)	(2,099)
Inventories	(761)	399	440
Automotive equipment on operating leases	274	748	(263)
Change in other assets	(1,550)	(529)	108
Accounts payable	(492)	(537)	(362)
Income taxes payable	213	(75)	(3)
Accrued and other liabilities	(1,573)	732	(2,238)
Total	(3,789)	(1,376)	(3,015)
Cash paid for income taxes and interest
Cash paid for income taxes, net	689	660	656
Cash Paid for Interest (net of amounts capitalized)	4,214	3,597	3,072
Automotive
Cash paid for income taxes and interest
Cash Paid for Interest (net of amounts capitalized)	739	656	501
GM Financial
Cash paid for income taxes and interest
Cash Paid for Interest (net of amounts capitalized)	$ 3,475	$ 2,941	$ 2,571

Equity In Net Assets Of Nonconsolidated Affiliates - Summarized Financial Data of NCAs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Current assets	$ 27,354	$ 32,740
Non-current assets	21,164	17,882
Total assets	48,518	50,622
Current liabilities	32,844	35,559
Non-current liabilities	5,985	4,515
Total liabilities	38,829	40,074
Noncontrolling interests	848	866
Net sales	40,938	52,037	$ 52,607
Net Income	2,735	4,528	4,632
Automotive China JVs [Member]
Schedule of Equity Method Investments [Line Items]
Current assets	14,035	16,506
Non-current assets	14,484	14,012
Total assets	28,519	30,518
Current liabilities	21,256	21,574
Non-current liabilities	968	1,689
Total liabilities	22,224	23,263
Noncontrolling interests	847	865
Net sales	39,123	50,316	50,065
Net Income	2,258	3,992	3,984
Other joint ventures
Schedule of Equity Method Investments [Line Items]
Current assets	13,319	16,234
Non-current assets	6,680	3,870
Total assets	19,999	20,104
Current liabilities	11,588	13,985
Non-current liabilities	5,017	2,826
Total liabilities	16,605	16,811
Noncontrolling interests	1	1
Net sales	1,815	1,721	2,542
Net Income	$ 477	$ 536	$ 648

GM Financial Receivables and Transactions - Commercial Finance Receivables Credit Quality Indicators (Details) - GM Financial - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	$ 53,900	$ 52,844
Commercial Finance Receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	11,671	12,276
Commercial Finance Receivables \| Group I Dealers
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	1,942	2,192
Commercial Finance Receivables \| Group II Dealers
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	4,552	4,399
Commercial Finance Receivables \| Group III Dealers
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	3,711	4,064
Commercial Finance Receivables \| Group IV Dealers
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	968	1,116
Commercial Finance Receivables \| Group V Dealers
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	370	422
Commercial Finance Receivables \| Group VI Dealers
Financing Receivable, Credit Quality Indicator [Line Items]
Finance Receivables	$ 128	$ 83

Accrued and Other Liabilities

12 Months Ended

Dec. 31, 2019

Accrued Liabilities and Other Liabilities [Abstract]

Accrued and Other Liabilities



	December 31, 2019		December 31, 2018
Accrued liabilities
Dealer and customer allowances, claims and discounts	$	10,402	$	11,611
Deferred revenue	3,234		3,504
Product warranty and related liabilities	2,987		2,788
Payrolls and employee benefits excluding postemployment benefits	1,969		2,233
Other	7,895		7,913
Total accrued liabilities	$	26,487	$	28,049

Other liabilities
Deferred revenue	$	2,962	$	2,959
Product warranty and related liabilities	4,811		4,802
Operating lease liabilities	1,010		—
Employee benefits excluding postemployment benefits	704		658
Postemployment benefits including facility idling reserves	633		875
Other	3,026		3,063
Total other liabilities	$	13,146	$	12,357



	Years Ended December 31,
	2019			2018			2017
Product Warranty and Related Liabilities
Warranty balance at beginning of period	$	7,590		$	8,332		$	9,069
Warranties issued and assumed in period – recall campaigns	745			665			678
Warranties issued and assumed in period – product warranty	2,001			2,143			2,123
Payments	(3,012		)	(2,903		)	(3,129		)
Adjustments to pre-existing warranties	455			(464		)	(495		)
Effect of foreign currency and other	19			(183		)	86
Warranty balance at end of period	$	7,798		$	7,590		$	8,332

We estimate our reasonably possible loss in excess of amounts accrued for recall campaigns to be insignificant at December 31, 2019. Refer to Note 16 for reasonably possible losses on Takata matters.

Significant Accounting Policies (Details) - USD ($) $ in Millions			12 Months Ended
	Jan. 01, 2020	Jan. 01, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue Recognition [Abstract]
Revenue recognition term of separate and bundled services			3 years
Cash Equivalents [Abstract]
Maximum maturity period for highly liquid securities			90 days
Pension and Other Postretirement Plans [Abstract]
Percentage recognized as pension expense in the first year			60.00%
Percentage of pension expense recognized in each of the next four years			10.00%
Subsequent period over which pension expense adjustment is amortized			4 years
Percentage of non-US pension benefit obligations related to Canada, United Kingdom and Germany			93.00%
Income Taxes [Abstract]
Number of years used for valuation allowance methodology			3 years
Minimum threshold to recognize the tax benefit for uncertain tax positions			50.00%
Foreign Currency Transactions and Translation [Abstract]
Foreign currency transaction and remeasurement losses			$ (85)	$ 168	$ 52
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted [Abstract]
Adoption of accounting standards				(1,144)
Automotive Selling, General and Administrative Expense
Advertising and Promotion Expenditures [Abstract]
Advertising and promotion expenditures			3,700	4,000	4,300
Automotive Cost of Sales
Research and Development Expenditures [Abstract]
Research and development expenditures			$ 6,800	$ 7,800	$ 7,300
GM Financial \| Minimum \| Vehicles
Equipment on Operating Leases, net [Abstract]
Term of leasing arrangements			2 years
GM Financial \| Maximum \| Vehicles
Equipment on Operating Leases, net [Abstract]
Term of leasing arrangements			5 years
GM Financial \| Retail Finance Receivables
Revenue Recognition [Abstract]
Period past due threshold for suspending accrual of finance charge income			60 days
Finance Receivables [Abstract]
Period past due threshold for charge off of finance receivables			120 days
GM Financial \| Commercial Finance Receivables
Revenue Recognition [Abstract]
Period past due threshold for suspending accrual of finance charge income			90 days
Automotive \| Vehicles
Equipment on Operating Leases, net [Abstract]
Term of leasing arrangements			7 months
Noncancelable Operating Lease Assets \| Accounting Standards Update 2016-02
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted [Abstract]
Adoption of accounting standards		$ 1,000
Noncancelable Operating Lease Obligations \| Accounting Standards Update 2016-02
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted [Abstract]
Adoption of accounting standards		$ 1,000
Forecast \| Financing Receivable, Allowance for Credit Loss \| Accounting Standards Update 2016-13
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted [Abstract]
Adoption of accounting standards	$ 800
Forecast \| Retained Earnings \| Accounting Standards Update 2016-13
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted [Abstract]
Adoption of accounting standards	$ (600)

Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Basic and diluted earnings (loss) per share are computed by dividing Net income (loss) attributable to common stockholders by the weighted-average common shares outstanding in the period. Diluted earnings (loss) per share is computed by giving effect to all potentially dilutive securities that are outstanding.



	Years Ended December 31,
	2019			2018			2017
Basic earnings per share
Income from continuing operations(a)	$	6,732		$	8,084		$	348
Less: cumulative dividends on subsidiary preferred stock	(151		)	(98		)	(16		)
Income from continuing operations attributable to common stockholders	6,581			7,986			332
Loss from discontinued operations, net of tax	—			70			4,212
Net income (loss) attributable to common stockholders	$	6,581		$	7,916		$	(3,880	)

Weighted-average common shares outstanding	1,424			1,411			1,465

Basic earnings per common share – continuing operations	$	4.62		$	5.66		$	0.23
Basic loss per common share – discontinued operations	$	—		$	0.05		$	2.88
Basic earnings (loss) per common share	$	4.62		$	5.61		$	(2.65	)
Diluted earnings per share
Income from continuing operations attributable to common stockholders – diluted(a)	$	6,581		$	7,986		$	332
Loss from discontinued operations, net of tax – diluted	$	—		$	70		$	4,212
Net income (loss) attributable to common stockholders – diluted	$	6,581		$	7,916		$	(3,880	)

Weighted-average common shares outstanding – basic	1,424			1,411			1,465
Dilutive effect of warrants and awards under stock incentive plans	15			20			27
Weighted-average common shares outstanding – diluted	1,439			1,431			1,492

Diluted earnings per common share – continuing operations	$	4.57		$	5.58		$	0.22
Diluted loss per common share – discontinued operations	$	—		$	0.05		$	2.82
Diluted earnings (loss) per common share	$	4.57		$	5.53		$	(2.60	)

Potentially dilutive securities(b)	7			9			—

__________


(a)	Net of Net loss attributable to noncontrolling interests.

(b)

Potentially dilutive securities attributable to outstanding stock options were excluded from the computation of diluted EPS because the securities would have had an antidilutive effect.

Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Significant Accounting Policies

The accounting policies that follow are utilized by our automotive, automotive financing and Cruise operations, unless otherwise indicated.

Pension and OPEB Plans



	Years Ending December 31,
	2019			2020			2021			2022			2023			Thereafter			Total
Minimum commitments(a)	$	296		$	286		$	247		$	180		$	146		$	582		$	1,737
Sublease income	(61		)	(51		)	(44		)	(38		)	(33		)	(129		)	(356		)
Net minimum commitments	$	235		$	235		$	203		$	142		$	113		$	453		$	1,381

_________


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

Refer to Note 16 for information on our operating leases at December 31, 2019.

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Basic Earnings per Common Share
Income from continuing operations									$ 6,732	$ 8,084	$ 348
Less: cumulative dividends on subsidiary preferred stock									(151)	(98)	(16)
Income from continuing operations attributable to common stockholders									6,581	7,986	332
Loss from discontinued operations, net of tax									0	70	4,212
Net income (loss) attributable to common stockholders									$ 6,581	$ 7,916	$ (3,880)
Weighted-average common shares outstanding - basic (in shares)									1,424	1,411	1,465
Basic earnings per common share – continuing operations (in dollars per share)	$ (0.16)	$ 1.62	$ 1.68	$ 1.50	$ 1.42	$ 1.77	$ 1.68	$ 0.78	$ 4.62	$ 5.66	$ 0.23
Basic loss per common share – discontinued operations (in dollars per share)					0	0	0	0.05	0	0.05	2.88
Basic earnings (loss) per common share (in dollars per share)									$ 4.62	$ 5.61	$ (2.65)
Diluted earnings per share
Income from continuing operations attributable to common stockholders – diluted									$ 6,581	$ 7,986	$ 332
Loss from discontinued operations, net of tax – diluted									0	70	4,212
Net income (loss) attributable to common stockholders – diluted									$ 6,581	$ 7,916	$ (3,880)
Weighted-average common shares outstanding - basic (in shares)									1,424	1,411	1,465
Dilutive effect of warrants and awards under stock incentive plans (in shares)									15	20	27
Weighted-average common shares outstanding – diluted (in shares)									1,439	1,431	1,492
Diluted earnings per common share – continuing operations (in dollars per share)	$ (0.16)	$ 1.60	$ 1.66	$ 1.48	1.40	1.75	1.66	0.77	$ 4.57	$ 5.58	$ 0.22
Diluted loss per common share – discontinued operations (in dollars per share)					$ 0	$ 0	$ 0	$ 0.05	0	0.05	2.82
Diluted earnings (loss) per common share (in dollars per share)									$ 4.57	$ 5.53	$ (2.60)
Potentially dilutive securities (in shares)									7	9	0

Marketable and Other Securities

12 Months Ended

Dec. 31, 2019

Marketable Securities [Abstract]

Marketable and Other Securities

The following table summarizes the fair value of cash equivalents and marketable debt and equity securities, which approximates cost:



	Fair Value Level	December 31, 2019		December 31, 2018
Cash and cash equivalents
Cash and time deposits(a)		$	6,828	$	7,254
Available-for-sale debt securities
U.S. government and agencies	2	1,484		4,656
Corporate debt	2	5,863		3,791
Sovereign debt	2	2,123		1,976
Total available-for-sale debt securities – cash equivalents		9,470		10,423
Money market funds	1	2,771		3,167
Total cash and cash equivalents(b)		$	19,069	$	20,844
Marketable debt securities
U.S. government and agencies	2	$	226	$	1,230
Corporate debt	2	2,932		3,478
Mortgage and asset-backed	2	681		695
Sovereign debt	2	335		563
Total available-for-sale debt securities – marketable securities(c)		$	4,174	$	5,966
Restricted cash
Cash and cash equivalents		$	292	$	260
Money market funds	1	3,582		2,392
Total restricted cash		$	3,874	$	2,652

Available-for-sale debt securities included above with contractual maturities(d)
Due in one year or less		$	10,213
Due between one and five years		2,750
Total available-for-sale debt securities with contractual maturities		$	12,963

__________


(a)	Includes $248 million and $616 million that is designated exclusively to fund capital expenditures in GM Korea at December 31, 2019 and 2018. Refer to Note 20 for additional information.


(b)	Includes $2.3 billion in Cruise at December 31, 2019 and 2018. Refer to Note 20 for additional information.


(c)	Includes $266 million in Cruise at December 31, 2019.


(d)	Excludes mortgage- and asset-backed securities of $681 million at December 31, 2019 as these securities are not due at a single maturity date.

Proceeds from the sale of available-for-sale debt investments sold prior to maturity were $4.5 billion, $4.3 billion and $5.6 billion in the years ended December 31, 2019, 2018 and 2017. Net unrealized gains and losses on available-for-sale debt securities were insignificant in the years ended December 31, 2019, 2018 and 2017. Cumulative unrealized gains and losses on available-for-sale debt securities were insignificant at December 31, 2019 and 2018.

Our remaining investment in Lyft was measured at fair value at December 31, 2019 using Lyft’s quoted market price, a Level 1 input. Prior to Lyft's initial public offering, our investment in Lyft was measured at fair value using Level 3 inputs at December 31, 2018. The fair value of this investment was $535 million included in Other current assets and $884 million included in Other assets at December 31, 2019 and 2018. We recorded an insignificant unrealized loss and an unrealized gain of $142 million in Interest income and other non-operating income, net in the years ended December 31, 2019 and 2018.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows:



	December 31, 2019		December 31, 2018
Cash and cash equivalents	$	19,069	$	20,844
Restricted cash included in Other current assets	3,352		2,083
Restricted cash included in Other assets	522		569
Total	$	22,943	$	23,496

Supplemental Information for the Consolidated Statements of Cash Flows (Tables)

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

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:



Change in other operating assets and liabilities	Years Ended December 31,
Change in other operating assets and liabilities	2019			2018			2017
Accounts receivable	$	(563	)	$	492		$	1,402
Wholesale receivables funded by GM Financial, net	663			(2,606		)	(2,099		)
Inventories	(761		)	399			440
Automotive equipment on operating leases	274			748			(263		)
Change in other assets	(1,550		)	(529		)	108
Accounts payable	(492		)	(537		)	(362		)
Income taxes payable	213			(75		)	(3		)
Accrued and other liabilities	(1,573		)	732			(2,238		)
Total	$	(3,789	)	$	(1,376	)	$	(3,015	)

Cash paid for income taxes and interest
Cash paid for income taxes, net	$	689		$	660		$	656
Cash paid for interest (net of amounts capitalized) – Automotive	$	739		$	656		$	501
Cash paid for interest (net of amounts capitalized) – GM Financial	3,475			2,941			2,571
Total cash paid for interest (net of amounts capitalized)	$	4,214		$	3,597		$	3,072

Pensions And Other Postretirement Benefits - Target Allocation tables (Details) - Pension Plan	Dec. 31, 2019	Dec. 31, 2018
U.S.
Defined Benefit Plan Disclosure [Line Items]
Target allocations	100.00%	100.00%
U.S. \| Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	12.00%	12.00%
U.S. \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	64.00%	64.00%
U.S. \| Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	24.00%	24.00%
Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Target allocations	100.00%	100.00%
Non-U.S. \| Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	14.00%	14.00%
Non-U.S. \| Corporate and other debt securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	67.00%	66.00%
Non-U.S. \| Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocations	19.00%	20.00%

Accrued and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Accrued Liabilities and Other Liabilities [Abstract]

Accrued and Other Liabilities



	December 31, 2019		December 31, 2018
Accrued liabilities
Dealer and customer allowances, claims and discounts	$	10,402	$	11,611
Deferred revenue	3,234		3,504
Product warranty and related liabilities	2,987		2,788
Payrolls and employee benefits excluding postemployment benefits	1,969		2,233
Other	7,895		7,913
Total accrued liabilities	$	26,487	$	28,049

Other liabilities
Deferred revenue	$	2,962	$	2,959
Product warranty and related liabilities	4,811		4,802
Operating lease liabilities	1,010		—
Employee benefits excluding postemployment benefits	704		658
Postemployment benefits including facility idling reserves	633		875
Other	3,026		3,063
Total other liabilities	$	13,146	$	12,357

Product Warranty and Related Liabilities



	Years Ended December 31,
	2019			2018			2017
Product Warranty and Related Liabilities
Warranty balance at beginning of period	$	7,590		$	8,332		$	9,069
Warranties issued and assumed in period – recall campaigns	745			665			678
Warranties issued and assumed in period – product warranty	2,001			2,143			2,123
Payments	(3,012		)	(2,903		)	(3,129		)
Adjustments to pre-existing warranties	455			(464		)	(495		)
Effect of foreign currency and other	19			(183		)	86
Warranty balance at end of period	$	7,798		$	7,590		$	8,332

Discontinued Operations

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

On July 31, 2017, we closed the sale of our Opel/Vauxhall Business to PSA Group. On October 31, 2017, we closed the sale of the Fincos to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A.

The net consideration paid at closing for the European Business was $2.5 billion, inclusive of $808 million in warrants in PSA Group. The total charge from the sale of the European Business during the year ended December 31, 2017 was $6.2 billion, net of tax, of which $3.9 billion was recorded in Loss from discontinued operations, net of tax, and $2.3 billion was recorded in Income tax expense. PSA Group assumed approximately $3.1 billion of net underfunded pension liabilities primarily with respect to active employees of the Opel/Vauxhall Business, and during the year ended December 31, 2017 our wholly-owned subsidiary (the Seller) made payments to PSA Group, or one or more pension funding vehicles, of $3.4 billion in respect of these assumed liabilities.

The Seller agreed to indemnify PSA Group for certain losses resulting from any inaccuracy of the representations and warranties or breaches of our covenants included in the Agreement and for certain other liabilities including certain emissions and product liabilities. The Company entered into a guarantee for the benefit of PSA Group and pursuant to which the Company agreed to

guarantee the Seller's obligation to indemnify PSA Group. Certain of these indemnification obligations are subject to time limitations, thresholds and/or caps as to the amount of required payments.

Although the sale reduced our new vehicle presence in Europe, we may still be impacted by actions taken by regulators related to vehicles sold before the sale. In Germany, the Kraftfahrt-Bundesamt (KBA) issued an order in November 2019, which converted a voluntary recall initiated by Opel in 2017 and 2018 into a mandatory recall for allegedly failing to comply with certain emissions regulations. However, because the overwhelming majority of vehicles have already received KBA-approved software calibration updates pursuant to the voluntary recall, the number of vehicles subject to the mandatory recall is insignificant. The Seller may also be obligated to indemnify PSA Group or otherwise absorb costs and expenses resulting from the foregoing as well as certain related potential litigation costs, settlements, judgments and potential fines. In addition, at the KBA's request, the German authorities re-opened a separate criminal investigation related to this matter that had previously been closed with no action. We are unable to estimate any reasonably possible loss or range of loss that may result from this matter.



	Years Ended December 31,
	2019		2018		2017
Net sales and revenue(a)	$	1,129	$	1,939	$	853
Purchases and expenses(a)	$	825	$	1,422	$	218
Cash payments(b)	$	975	$	1,849	$	242
Cash receipts(b)	$	1,408	$	2,310	$	1,161

__________


(a)	Included in Income from continuing operations.


(b)	Included in Net cash provided by operating activities – continuing operations.

The following table summarizes the results of the European Business operations:



	Years Ended December 31,
	2019		2018		2017
Automotive net sales and revenue	$	—	$	—	$	11,257
GM Financial net sales and revenue	—		—		466
Total net sales and revenue	—		—		11,723
Automotive and other cost of sales	—		—		11,049
GM Financial interest, operating and other expenses	—		—		342
Automotive and other selling, general, and administrative expense	—		—		813
Other expense items	—		—		(72		)
Loss from discontinued operations before taxes	—		—		553
Loss on sale of discontinued operations before taxes(a)(b)	—		70		2,176
Total loss from discontinued operations before taxes	—		70		2,729
Income tax expense(b)(c)	—		—		1,483
Loss from discontinued operations, net of tax	$	—	$	70	$	4,212

__________


(a)	Includes contract cancellation charges associated with the disposal for the year ended December 31, 2017.


(b)	Total loss on sale of discontinued operations, net of tax was $3.9 billion for the year ended December 31, 2017.

(c)

Includes $2.0 billion of deferred tax assets that transferred to PSA Group in the year ended December 31, 2017.

Stockholders' Equity and Noncontrolling Interests - Warrants (Details) - $ / shares shares in Millions	Jul. 10, 2019	Dec. 31, 2018
Class of Warrant or Right [Line Items]
Outstanding warrants (in shares)		15
Second Tranche of Warrants [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 18.33

Supplementary Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following tables summarize supplementary quarterly financial information:



	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2019
Total net sales and revenue	$	34,878	$	36,060	$	35,473	$	30,826
Automotive and other gross margin(a)	$	3,032	$	4,098	$	3,643	$	1,273
Income (loss) from continuing operations	$	2,145	$	2,403	$	2,311	$	(192	)
Net income (loss) attributable to stockholders	$	2,157	$	2,418	$	2,351	$	(194	)
Basic earnings (loss) per common share – continuing operations	$	1.50	$	1.68	$	1.62	$	(0.16	)
Diluted earnings (loss) per common share – continuing operations	$	1.48	$	1.66	$	1.60	$	(0.16	)

__________


(a)	Includes our Cruise segment.



	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2018
Total net sales and revenue	$	36,099	$	36,760	$	35,791	$	38,399
Automotive and other gross margin(a)	$	2,507	$	3,204	$	3,743	$	2,935
Income from continuing operations	$	1,110	$	2,366	$	2,530	$	2,069
Loss from discontinued operations, net of tax	$	70	$	—	$	—	$	—
Net income attributable to stockholders	$	1,046	$	2,390	$	2,534	$	2,044
Basic earnings per common share – continuing operations	$	0.78	$	1.68	$	1.77	$	1.42
Basic loss per common share – discontinued operations	$	0.05	$	—	$	—	$	—
Diluted earnings per common share – continuing operations	$	0.77	$	1.66	$	1.75	$	1.40
Diluted loss per common share – discontinued operations	$	0.05	$	—	$	—	$	—

__________

(a)

Includes our Cruise segment.

Stockholders' Equity and Noncontrolling Interests

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

Stockholders' Equity and Noncontrolling Interests

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. At December 31, 2019 and 2018 we had no shares of preferred stock and 1.4 billion shares of common stock issued and outstanding.

Common Stock Holders of our common stock are entitled to dividends at the sole discretion of our Board of Directors. Our dividends declared per common share were $1.52 and our total dividends paid on common stock were $2.2 billion, $2.1 billion and $2.2 billion for the years ended December 31, 2019, 2018 and 2017. 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, 2019, we did not purchase shares of our outstanding common stock. In the years ended December 31, 2018 and 2017, we purchased three million and 120 million shares of our outstanding common stock for $100 million and $4.5 billion as part of the common stock repurchase program announced in March 2015, which our Board of Directors increased and extended in January 2016 and January 2017.

Warrants At December 31, 2018 we had 15 million warrants outstanding that we issued in July 2009. The warrants have expired but were exercisable at any time prior to July 10, 2019 at an exercise price of $18.33 per share.

GM Financial Preferred Stock In September 2018 GM Financial issued $500 million of Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B, $0.01 par value, with a liquidation preference of $1,000 per share. The preferred stock is classified as noncontrolling interests in our consolidated financial statements. Dividends are paid semi-annually when declared, which started March 30, 2019 at a fixed rate of 6.50%.

In September 2017 GM Financial issued $1.0 billion of Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series A, $0.01 par value, with a liquidation preference of $1,000 per share. The preferred stock is classified as noncontrolling interests in our consolidated financial statements. Dividends are paid semi-annually when declared, which started March 30, 2018 at a fixed rate of 5.75%.

Cruise Preferred Shares In 2019 Cruise Holdings entered into a Purchase Agreement with The Vision Fund, General Motors Holdings LLC, Honda and certain other investors pursuant to which Cruise Holdings received $1.2 billion, including $687 million from General Motors Holdings LLC, in exchange for issuing Cruise Class F Preferred Shares, representing approximately 6.6% of the fully diluted equity in Cruise Holdings. All proceeds related to the Cruise Class F Preferred Shares are designated exclusively for working capital and general corporate purposes of Cruise. The Cruise Class F Preferred Shares participate pari passu with holders of Cruise Holdings common stock in any dividends declared. The Cruise Class F Preferred Shares have the right to vote on the election of one director, who is elected by the vote of a majority of the Cruise Holdings common stock and the Cruise Class F Preferred Shares. Prior to an initial public offering, the holders of Cruise Class F Preferred Shares are restricted from transferring the Cruise Class F Preferred Shares until May 7, 2023. The Cruise Class F Preferred Shares only convert into common stock of Cruise Holdings, at specified exchange ratios, upon occurrence of an initial public offering. No covenants or other events of default that can trigger redemption of the Class F Preferred Shares exist. The Cruise Class F Preferred Shares are entitled to receive the greater of their carrying value or a pro-rata share of any proceeds or distributions upon the occurrence of a merger, sale, liquidation, or dissolution of Cruise Holdings. The Cruise Class F Preferred Shares are classified as noncontrolling interests in our consolidated financial statements. At December 31, 2019, external investors held 17.3% of the fully diluted equity in Cruise Holdings.

In June 2018, Cruise Holdings issued $900 million of convertible preferred shares (Cruise Preferred Shares) to an affiliate of The Vision Fund which subsequently assigned such shares to The Vision Fund. Immediately prior to the issuance of the Cruise Preferred Shares, we invested $1.1 billion in Cruise Holdings. When Cruise's autonomous vehicles are ready for commercial deployment, The Vision Fund is obligated to purchase additional Cruise Preferred Shares for $1.35 billion. All proceeds are designated exclusively for working capital and general corporate purposes of Cruise. Dividends are cumulative and accrue at an annual rate of 7.0% and are payable quarterly in cash or in-kind, at Cruise's discretion. The Cruise Preferred Shares are also entitled to participate in Cruise dividends above a defined threshold. Prior to an initial public offering, The Vision Fund is restricted from transferring the Cruise Preferred Shares until June 28, 2025. The Cruise Preferred Shares are classified as noncontrolling interests in our consolidated financial statements.

Cruise Common Shares In October 2018, Cruise Holdings entered into a Purchase Agreement with Honda, pursuant to which Honda invested $750 million in Cruise Holdings in exchange for Class E Common Shares, representing 5.7% of the fully diluted equity of Cruise Holdings at closing. In addition, Honda agreed to contribute approximately $2.0 billion primarily in the form of a long-term annual fee to Cruise Holdings for certain rights to use Cruise Holdings' trade names and trademarks and the exclusive right to partner with Cruise Holdings to develop, deploy, and maintain a foreign market. The remaining contribution or funding will come in the form of shared development costs for a shared autonomous vehicle that Honda, General Motors Holdings LLC and Cruise Holdings will jointly develop for deployment onto Cruise's autonomous vehicle network. All proceeds are designated exclusively for working capital and general corporate purposes of Cruise. At the later of October 3, 2025 or the termination of the commercial agreements between Cruise Holdings and Honda, Cruise Holdings can call all, but not less than all of the Class E Common Shares at an amount equal to the then fair value of Cruise Holdings. The Class E Common Shares are classified as noncontrolling interests in our consolidated financial statements.

GM Korea Preferred Shares In the year ended December 31, 2018, the Korea Development Bank (KDB) purchased $720 million of GM Korea's Class B Preferred Shares (GM Korea Preferred Shares). Dividends on the GM Korea Preferred Shares are cumulative and accrue at an annual rate of 1.0%. GM Korea can call the preferred shares at their original issue price six years from the date of issuance and once called, the preferred shares can be converted into common shares of GM Korea at the option of the holder. The GM Korea Preferred Shares are classified as noncontrolling interests in our consolidated financial statements. The KDB investment proceeds can only be used for purposes of funding capital expenditures in GM Korea. In conjunction with the GM Korea Preferred Share issuance we agreed to provide GM Korea future funding, if needed, not to exceed $2.8 billion through December 31, 2027, inclusive of $2.0 billion of planned capital expenditures through 2027.

The following table summarizes the significant components of Accumulated other comprehensive loss:



	Years Ended December 31,
	2019			2018			2017
Foreign Currency Translation Adjustments
Balance at beginning of period	$	(2,250	)	$	(1,606	)	$	(2,355	)
Other comprehensive income (loss) and noncontrolling interests before reclassification adjustment, net of tax and impact of adoption of accounting standards(a)(b)	(56		)	(664		)	560
Reclassification adjustment, net of tax(a)	28			20			189
Other comprehensive income (loss), net of tax(a)	(28		)	(644		)	749
Balance at end of period	$	(2,278	)	$	(2,250	)	$	(1,606	)
Defined Benefit Plans
Balance at beginning of period	$	(6,737	)	$	(6,398	)	$	(6,968	)
Other comprehensive loss and noncontrolling interests before reclassification adjustment, net of impact of adoption of accounting standards(b)	(2,769		)	(580		)	(798		)
Tax benefit	463			100			98
Other comprehensive loss and noncontrolling interests before reclassification adjustment, net of tax and impact of adoption of accounting standards(b)	(2,306		)	(480		)	(700		)
Reclassification adjustment, net of tax(a)(c)	184			141			1,270
Other comprehensive income (loss), net of tax	(2,122		)	(339		)	570
Balance at end of period(d)	$	(8,859	)	$	(6,737	)	$	(6,398	)

__________


(a)	The income tax effect was insignificant in the years ended December 31, 2019, 2018 and 2017.


(b)	The noncontrolling interests are insignificant in the years ended December 31, 2019, 2018 and 2017.


(c)	$1.2 billion is included in the loss on sale of the Opel/Vauxhall Business in the year ended December 31, 2017. An insignificant amount is included in the computation of periodic pension and OPEB (income) expense in the year ended December 31, 2017.

(d)

Primarily consists of unamortized actuarial loss on our defined benefit plans. Refer to the critical accounting estimates section of our MD&A for additional information.

Commitments and Contingencies - Other Litigation and Loss Contingencies (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Maximum liability, guarantees	$ 2,600,000,000	$ 2,400,000,000
Rebates available	1,400,000,000
Indirect Tax Matters
Loss Contingencies [Line Items]
Reasonably possible loss	800,000,000
Takata DIR
Loss Contingencies [Line Items]
Warranty provision	0
Estimate of possible loss	1,200,000,000
Accrued liabilities and Other liabilities
Loss Contingencies [Line Items]
Product liability	544,000,000	531,000,000
Credit card program deferred revenue	253,000,000	247,000,000
Litigation-related liability and tax administrative matters	1,300,000,000	$ 1,300,000,000
Korea Wage Litigation - Former Subcontract Workers
Loss Contingencies [Line Items]
Reasonably possible loss	110,000,000
Warranty provision	$ 180,000,000

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities
Income from continuing operations	$ 6,667	$ 8,075	$ 330
Depreciation and impairment of Equipment on operating leases, net	7,332	7,604	6,805
Depreciation, amortization and impairment charges on Property, net	6,786	6,065	5,456
Foreign currency remeasurement and transaction (gains) losses	(85)	168	52
Undistributed earnings of nonconsolidated affiliates, net	585	(141)	(132)
Pension contributions and OPEB payments	(985)	(2,069)	(1,636)
Pension and OPEB income, net	(484)	(1,280)	(934)
Provision (benefit) for deferred taxes	(133)	(112)	10,880
Change in other operating assets and liabilities (Note 26)	(3,789)	(1,376)	(3,015)
Other operating activities	(873)	(1,678)	(468)
Net cash provided by operating activities – continuing operations	15,021	15,256	17,338
Net cash used in operating activities – discontinued operations	0	0	(10)
Net cash provided by operating activities	15,021	15,256	17,328
Cash flows from investing activities
Expenditures for property	(7,592)	(8,761)	(8,453)
Available-for-sale marketable securities, acquisitions	(4,075)	(2,820)	(5,503)
Available-for-sale marketable securities, liquidations	6,265	5,108	9,007
Purchases of finance receivables, net	(24,538)	(25,671)	(19,325)
Principal collections and recoveries on finance receivables	22,005	17,048	12,578
Purchases of leased vehicles, net	(16,404)	(16,736)	(19,180)
Proceeds from termination of leased vehicles	13,302	10,864	6,667
Other investing activities	138	39	137
Net cash used in investing activities – continuing operations	(10,899)	(20,929)	(24,072)
Net cash provided by (used in) investing activities – discontinued operations (Note 22)	0	166	(3,500)
Net cash used in investing activities	(10,899)	(20,763)	(27,572)
Cash flows from financing activities
Net increase (decrease) in short-term debt	(312)	1,186	(140)
Proceeds from issuance of debt (original maturities greater than three months)	36,937	43,801	52,187
Payments on debt (original maturities greater than three months)	(39,156)	(33,323)	(33,592)
Payments to purchase common stock	0	(190)	(4,492)
Proceeds from issuance of subsidiary preferred and common stock (Note 20)	457	2,862	985
Dividends paid	(2,350)	(2,242)	(2,233)
Other financing activities	(253)	(640)	(305)
Net cash provided by financing activities – continuing operations	(4,677)	11,454	12,410
Net cash provided by financing activities – discontinued operations	0	0	174
Net cash provided by (used in) financing activities	(4,677)	11,454	12,584
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2	(299)	348
Net increase (decrease) in cash, cash equivalents and restricted cash	(553)	5,648	2,688
Cash, cash equivalents and restricted cash at beginning of period	23,496	17,848	15,160
Cash, cash equivalents and restricted cash at end of period	22,943	23,496	17,848
Continuing Operations
Cash flows from financing activities
Cash, cash equivalents and restricted cash at beginning of period	23,496	17,848
Cash, cash equivalents and restricted cash at end of period	22,943	23,496	17,848
Significant Non-cash Investing and Financing Activity
Non-cash property additions – continuing operations	2,837	3,813	3,996
Discontinued Operations
Significant Non-cash Investing and Financing Activity
Non-cash proceeds on sale of discontinued operations (Note 22)	$ 0	$ 0	$ 808

Equipment on Operating Leases (Tables) - Vehicles

12 Months Ended

Dec. 31, 2019

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

Schedule of Equipment on Operating Leases

Equipment on operating leases primarily consists of leases to retail customers of GM Financial. The current portion of net equipment on operating leases is included in Other current assets.



	December 31, 2019			December 31, 2018
Equipment on operating leases	$	53,081		$	55,282
Less: accumulated depreciation	(10,989		)	(11,476		)
Equipment on operating leases, net	$	42,092		$	43,806

GM Financial

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

Schedule of Future Minimum Rental Payments Receivable for Operating Leases

The following table summarizes lease payments due to GM Financial on leases to retail customers:



	Years Ending December 31,
	2020		2021		2022		2023		2024		Total
Lease receipts under operating leases	$	6,517	$	4,080	$	1,607	$	137	$	4	$	12,345

Discontinued Operations - Financial Information about Discontinued Operations (Details) - USD ($) $ in Millions		3 Months Ended				12 Months Ended
	Oct. 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of tax		$ 0	$ 0	$ 0	$ 70	$ 0	$ 70	$ 4,212
Discontinued Operations \| Opel/Vauxhall Business and Fincos [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Automotive net sales and revenue						0	0	11,257
GM Financial net sales and revenue						0	0	466
Total net sales and revenue						0	0	11,723
Automotive and other cost of sales						0	0	11,049
GM Financial interest, operating and other expenses						0	0	342
Automotive and other selling, general, and administrative expense						0	0	813
Other expense items						0	0	(72)
Loss from discontinued operations before taxes						0	0	553
Loss on sale of discontinued operations before taxes						0	70	2,176
Total loss from discontinued operations before taxes						0	70	2,729
Income tax expense (benefit)						0	0	1,483
Loss from discontinued operations, net of tax	$ 3,900					0	70	4,212
Disposal loss								3,900
Discontinued Operations \| Opel/Vauxhall Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales and revenue						1,129	1,939	853
Purchases and expenses						825	1,422	218
Income tax expense (benefit)	$ 2,300
Amount of deferred tax assets transferred								2,000
Discontinued Operations \| Discontinued Operations \| Opel/Vauxhall Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash payments						975	1,849	242
Cash receipts						$ 1,408	$ 2,310	$ 1,161

Segment Reporting

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Reporting

We analyze the results of our business through the following reportable segments: GMNA, GMI, Cruise and GM Financial. As discussed in Note 1, the European Business is presented as discontinued operations and is excluded from our segment results for all periods presented. The European Business was previously reported as our GM Europe segment and part of GM Financial. The chief operating decision maker evaluates the operating results and performance of our automotive segments and Cruise through EBIT-adjusted, which is presented net of noncontrolling interests. The chief operating decision maker evaluates GM Financial through EBT-adjusted because 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 strategic initiatives. While not all vehicles within a segment are individually profitable on a fully allocated cost basis, those vehicles attract customers to dealer showrooms and help maintain sales volumes for other, more profitable vehicles and contribute towards meeting required fuel efficiency standards. As a result of these and other factors, we do not manage our business on an individual brand or vehicle basis.

Substantially all of the trucks, crossovers, cars and automobile 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, trucks, crossovers and cars are also sold to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. Fleet sales are completed through the dealer network and in some cases directly with fleet customers. Retail and fleet customers can obtain a wide range of after-sale vehicle services and products through the dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories and extended service warranties.

GMNA meets the demands of customers in North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands. GMI primarily meets the demands of customers outside North America with vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, and Holden brands. We also have equity ownership stakes in entities that meet the demands of customers in other countries, primarily China, with vehicles developed, manufactured and/or marketed under the Baojun, Buick, Cadillac, Chevrolet and Wuling brands. Cruise, formerly GM Cruise, is our global segment responsible for the development and commercialization of autonomous vehicle technology, and includes autonomous vehicle-related engineering and other costs.

Our automotive interest income and interest expense, Maven, legacy costs from the Opel/Vauxhall Business (primarily pension costs), corporate expenditures and certain nonsegment specific revenues and expenses are recorded centrally in Corporate. Corporate assets primarily consist of cash and cash equivalents, marketable debt securities, our investment in Lyft, PSA warrants, Maven vehicles and intercompany balances. Retained net underfunded pension liabilities related to the European Business are also recorded in Corporate. All intersegment balances and transactions have been eliminated in consolidation.

The following tables summarize key financial information by segment:



	At and For the Year Ended December 31, 2019
	GMNA			GMI			Corporate			Eliminations			Total Automotive			Cruise			GM Financial		Eliminations/Reclassifications			Total
Net sales and revenue	$	106,366		$	16,111		$	220					$	122,697		$	100		$	14,554	$	(114	)	$	137,237
Earnings (loss) before interest and taxes-adjusted	$	8,204		$	(202	)	$	(691	)				$	7,311		$	(1,004	)	$	2,104	$	(18	)	$	8,393
Adjustments(a)	$	(1,618	)	$	1,081		$	(2	)				$	(539	)	$	—		$	—	$	—		(539		)
Automotive interest income																								429
Automotive interest expense																								(782		)
Net (loss) attributable to noncontrolling interests																								(65		)
Income before income taxes																								7,436
Income tax expense																								(769		)
Income from continuing operations																								6,667
Loss from discontinued operations, net of tax																								—
Net loss attributable to noncontrolling interests																								65
Net income attributable to stockholders																								$	6,732
Equity in net assets of nonconsolidated affiliates	$	84		$	7,023		$	—		$	—		$	7,107		$	—		$	1,455	$	—		$	8,562
Goodwill and intangibles	$	2,459		$	888		$	1		$	—		$	3,348		$	634		$	1,355	$	—		$	5,337
Total assets	$	109,290		$	24,969		$	32,365		$	(50,244	)	$	116,380		$	4,230		$	108,881	$	(1,454	)	$	228,037
Expenditures for property	$	6,305		$	1,096		$	84		$	—		$	7,485		$	60		$	47	$	—		$	7,592
Depreciation and amortization	$	6,112		$	533		$	46		$	(2	)	$	6,689		$	21		$	7,350	$	—		$	14,060
Impairment charges	$	15		$	7		$	—		$	—		$	22		$	36		$	—	$	—		$	58
Equity income	$	8		$	1,123		$	(29	)	$	—		$	1,102		$	—		$	166	$	—		$	1,268

__________


(a)	Consists of restructuring and other charges related to transformation activities of $1.6 billion in GMNA and $115 million in GMI; a benefit of $1.4 billion related to the retrospective recoveries of indirect taxes in Brazil; partially offset by losses of $164 million related to the FAW-GM divestiture in GMI.



	At and For the Year Ended December 31, 2018
	GMNA			GMI			Corporate			Eliminations			Total Automotive			Cruise			GM Financial		Eliminations			Total
Net sales and revenue	$	113,792		$	19,148		$	203					$	133,143		$	—		$	14,016	$	(110	)	$	147,049
Earnings (loss) before interest and taxes-adjusted	$	10,769		$	423		$	(570	)				$	10,622		$	(728	)	$	1,893	$	(4	)	$	11,783
Adjustments(a)	$	(1,236	)	$	(1,212	)	$	(457	)				$	(2,905	)	$	—		$	—	$	—		(2,905		)
Automotive interest income																								335
Automotive interest expense																								(655		)
Net (loss) attributable to noncontrolling interests																								(9		)
Income before income taxes																								8,549
Income tax expense																								(474		)
Income from continuing operations																								8,075
Loss from discontinued operations, net of tax																								(70		)
Net loss attributable to noncontrolling interests																								9
Net income attributable to stockholders																								$	8,014
Equity in net assets of nonconsolidated affiliates	$	75		$	7,761		$	24		$	—		$	7,860		$	—		$	1,355	$	—		$	9,215
Goodwill and intangibles	$	2,623		$	928		$	1		$	—		$	3,552		$	671		$	1,356	$	—		$	5,579
Total assets	$	109,763		$	24,911		$	31,694		$	(50,690	)	$	115,678		$	3,195		$	109,953	$	(1,487	)	$	227,339
Expenditures for property	$	7,784		$	883		$	21		$	(2	)	$	8,686		$	15		$	60	$	—		$	8,761
Depreciation and amortization	$	4,995		$	562		$	50		$	(3	)	$	5,604		$	7		$	7,531	$	—		$	13,142
Impairment charges	$	55		$	466		$	6		$	—		$	527		$	—		$	—	$	—		$	527
Equity income	$	8		$	1,972		$	—		$	—		$	1,980		$	—		$	183	$	—		$	2,163

__________


(a)	Consists of restructuring and other charges related to transformation activities of $1.2 billion in GMNA; charges of $1.2 billion related to restructuring actions in Korea and other countries in GMI; and of $440 million for ignition switch-related legal matters and other insignificant charges in Corporate.



	At and For the Year Ended December 31, 2017
	GMNA		GMI			Corporate			Eliminations			Total Automotive			Cruise			GM Financial		Eliminations			Total
Net sales and revenue	$	111,345	$	21,920		$	342					$	133,607		$	—		$	12,151	$	(170	)	$	145,588
Earnings (loss) before interest and taxes-adjusted	$	11,889	$	1,300		$	(921	)				$	12,268		$	(613	)	$	1,196	$	(7	)	$	12,844
Adjustments(a)	$	—	$	(540	)	$	(114	)				$	(654	)	$	—		$	—	$	—		(654		)
Automotive interest income																							266
Automotive interest expense																							(575		)
Net (loss) attributable to noncontrolling interests																							(18		)
Income before income taxes																							11,863
Income tax expense																							(11,533		)
Income from continuing operations																							330
Loss from discontinued operations, net of tax																							(4,212		)
Net loss attributable to noncontrolling interests																							18
Net loss attributable to stockholders																							$	(3,864	)
Equity in net assets of nonconsolidated affiliates	$	68	$	7,818		$	—		$	—		$	7,886		$	—		$	1,187	$	—		$	9,073
Goodwill and intangibles	$	2,819	$	973		$	11		$	—		$	3,803		$	679		$	1,367	$	—		$	5,849
Total assets	$	99,874	$	27,712		$	30,573		$	(42,750	)	$	115,409		$	666		$	97,251	$	(844	)	$	212,482
Expenditures for property	$	7,704	$	607		$	14		$	—		$	8,325		$	34		$	94	$	—		$	8,453
Depreciation and amortization	$	4,654	$	708		$	32		$	(1	)	$	5,393		$	1		$	6,573	$	—		$	11,967
Impairment charges	$	78	$	211		$	5		$	—		$	294		$	—		$	—	$	—		$	294
Equity income	$	8	$	1,951		$	—		$	—		$	1,959		$	—		$	173	$	—		$	2,132

__________


(a)	Consists of charges of $460 million related to restructuring actions in India and South Africa in GMI; charges of $80 million associated with the deconsolidation of Venezuela in GMI and charges of $114 million for ignition switch-related legal matters in Corporate.

Automotive revenue is attributed to geographic areas based on the country of sale. GM Financial revenue is attributed to the geographic area where the financing is originated. The following table summarizes information concerning principal geographic areas:



	At and For the Years Ended December 31,
	2019				2018				2017
	Net Sales and Revenue		Long-Lived Assets		Net Sales and Revenue		Long-Lived Assets		Net Sales and Revenue		Long-Lived Assets
Automotive
U.S.	$	97,887	$	25,401	$	104,413	$	25,625	$	100,674	$	24,473
Non-U.S.	24,810		13,190		28,632		13,263		32,775		12,715
GM Financial
U.S.	12,727		39,509		12,169		41,334		10,489		40,674
Non-U.S.	1,813		2,772		1,835		2,476		1,650		2,467
Total consolidated	$	137,237	$	80,872	$	147,049	$	82,698	$	145,588	$	80,329

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

Stockholders' Equity and Noncontrolling Interests - Preferred and Common Stock (Details) $ / shares in Units, $ in Millions	1 Months Ended				12 Months Ended
	Oct. 31, 2018 USD ($)	Sep. 30, 2018 USD ($) $ / shares	Jun. 30, 2018 USD ($)	Sep. 30, 2017 USD ($) $ / shares	Dec. 31, 2019 USD ($) Votes $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2017 USD ($) $ / shares shares	Dec. 31, 2027 USD ($)
Class of Stock [Line Items]
Preferred stock shares authorized \| shares					2,000,000,000.0
Common stock shares authorized \| shares					5,000,000,000.0
Preferred stock shares outstanding \| shares					0	0
Common stock number of shares issued \| shares					1,400,000,000	1,400,000,000
Common stock shares outstanding \| shares					1,400,000,000	1,400,000,000
Dividends declared per common share (in dollars per share) \| $ / shares					$ 1.52	$ 1.52	$ 1.52
Cash dividends paid on common stock					$ 2,165	$ 2,144	$ 2,215
Number of votes per share \| Votes					1
Common shares purchased during period \| shares					0	3,000,000,000,000	120,000,000
Amount of common stock purchased during period					$ 0	$ 190	$ 4,492
Guarantees - maximum liability					2,600	$ 2,400
GM Cruise
Class of Stock [Line Items]
Investment amount			$ 1,100
GM Cruise \| Series F Preferred Stock
Class of Stock [Line Items]
Proceeds from issuance of preferred stock					1,200
Investment amount					$ 687
Ownership Percentage					6.60%
GM Cruise \| Convertible Preferred Stock
Class of Stock [Line Items]
Annual dividend rate			7.00%
Proceeds from issuance of preferred stock			$ 900
GM Cruise \| SoftBank Vision Fund (AIV M2), L.P. \| Convertible Preferred Stock
Class of Stock [Line Items]
Additional purchase amount		$ 1,350
GM Cruise \| Honda Motor Co., Ltd \| Common Class E
Class of Stock [Line Items]
Proceeds from issuance of common stock	$ 750
Agreed upon future contributions	$ 2,000
GM Korea \| Korea Development Bank \| Class B Preferred Shares
Class of Stock [Line Items]
Annual dividend rate						1.00%
Proceeds from issuance of preferred stock						$ 720
Period to call preferred shares						6 years
Financial Guarantee \| GM Korea
Class of Stock [Line Items]
Guarantees - maximum liability						$ 2,800
Forecast \| GM Korea
Class of Stock [Line Items]
Planned capital expenditures								$ 2,000
GM Financial \| Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B
Class of Stock [Line Items]
Preferred stock issued		$ 500
Preferred stock par value (in dollars per share) \| $ / shares		$ 0.01
Liquidation preference of preferred stock per share (in dollars per share) \| $ / shares		$ 1,000
Annual dividend rate		6.50%
GM Financial \| Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock issued				$ 1,000
Preferred stock par value (in dollars per share) \| $ / shares				$ 0.01
Liquidation preference of preferred stock per share (in dollars per share) \| $ / shares				$ 1,000
Annual dividend rate				5.75%
GM
Class of Stock [Line Items]
Amount of common stock purchased during period						$ 100
GM Cruise
Class of Stock [Line Items]
Ownership interest					17.30%
GM Cruise \| Honda Motor Co., Ltd \| Common Class E
Class of Stock [Line Items]
Ownership interest	5.70%

Debt - Interest Expense and LT Debt Maturities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total interest expense	$ 4,423	$ 3,880	$ 3,141
2020	37,499
2021	21,225
2022	11,833
2023	8,584
2024	5,843
Thereafter	18,967
Total	103,951
Automotive
Debt Instrument [Line Items]
Total interest expense	782	655	575
2020	1,912
2021	535
2022	70
2023	1,546
2024	48
Thereafter	10,807
Total	14,918
Finance lease obligations	14,386	13,963
GM Financial
Debt Instrument [Line Items]
Financing interest expense	3,641	3,225	$ 2,566
2020	35,587
2021	20,690
2022	11,763
2023	7,038
2024	5,795
Thereafter	8,160
Total	89,033
Finance lease obligations	$ 88,938	$ 90,988

Property (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment



	Estimated Useful Lives in Years	December 31, 2019			December 31, 2018
Land		$	1,302		$	1,349
Buildings and improvements	5-40	9,705			9,173
Machinery and equipment	3-27	29,814			26,453
Special tools	1-13	23,586			23,828
Construction in progress		3,042			4,680
Total property		67,449			65,483
Less: accumulated depreciation		(28,699		)	(26,725		)
Total property, net		$	38,750		$	38,758

Depreciation Amortization and Impairment of Property Plant and Equipment

The amount of interest capitalized and excluded from Automotive interest expense related to Property, net was insignificant in the years ended December 31, 2019, 2018 and 2017.



	Years Ended December 31,
	2019		2018		2017
Depreciation and amortization expense	$	6,541	$	5,347	$	4,966
Impairment charges	$	7	$	466	$	199
Capitalized software amortization expense(a)	$	452	$	424	$	459

__________

(a)

Included in depreciation and amortization expense.

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,998	$ 6,001
Accumulated Amortization	2,520	2,283
Net Carrying Amount	3,478	3,718
Amortization expense	202	247	$ 278
Estimated amortization expense, 2020	160
Estimated amortization expense, 2021	160
Estimated amortization expense, 2022	160
Estimated amortization expense, 2023	160
Estimated amortization expense, 2024	160
Technology and intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	734	734
Accumulated Amortization	533	457
Net Carrying Amount	201	277
Brands
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,298	4,299
Accumulated Amortization	1,285	1,165
Net Carrying Amount	3,013	3,134
Dealer network, customer relationships and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	966	968
Accumulated Amortization	702	661
Net Carrying Amount	$ 264	$ 307

Commitments and Contingencies - Ignition Switch Recall (Details)	1 Months Ended	12 Months Ended
	Sep. 30, 2018 jurisdiction	Dec. 31, 2019 USD ($) action case employee shares	Dec. 31, 2012 employee	Jan. 24, 2020 USD ($)	Sep. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 state	Aug. 31, 2017 state
Ignition Switch Recall Litigations - July 2009 Sale Order
Loss Contingencies [Line Items]
Number of states \| state								16
Ignition Switch Recall Litigations - Lost Personal Time and Certain Unjust Enrichment Claims
Loss Contingencies [Line Items]
Number of jurisdictions \| jurisdiction	47
Ignition Switch Recall Litigations - Contingently Issuable Shares \| Amended and Restated Master Sale and Purchase Agreement
Loss Contingencies [Line Items]
Allowed general unsecured claims amount		$ 35,000,000,000.0
Contingently issuable shares (in shares) \| shares		30,000,000
Amount of allowed general unsecured claims					$ 32,100,000,000
Korea Wage Litigation - Hourly
Loss Contingencies [Line Items]
Number of plaintiffs \| employee		10,000
Number of employees in the case \| employee			5
Reasonably possible loss		$ 600,000,000
Korea Wage Litigation - Salaried
Loss Contingencies [Line Items]
Reasonably possible loss		170,000,000
Korea Wage Litigation - Former Subcontract Workers
Loss Contingencies [Line Items]
Reasonably possible loss		$ 110,000,000
U.S. and Canada \| Ignition Switch Recall Litigations - Economic Damage
Loss Contingencies [Line Items]
Number of pending claims \| action		100
Foreign Tax Authority \| Brazil
Loss Contingencies [Line Items]
Number of claims settled \| case		3
Estimated potential recovery from taxing authority		$ 1,400,000,000
Subsequent Event \| Ignition Switch Recall Litigations - Contingently Issuable Shares \| Amended and Restated Master Sale and Purchase Agreement
Loss Contingencies [Line Items]
Value of contingently issuable shares				$ 1,000,000,000.0
Granted Motion to Dismiss \| Ignition Switch Recall Litigations - July 2009 Sale Order
Loss Contingencies [Line Items]
Number of states \| state								7
Granted Motion to Dismiss \| Ignition Switch Recall Litigations - Lost Personal Time and Certain Unjust Enrichment Claims
Loss Contingencies [Line Items]
Number of jurisdictions \| jurisdiction	41
Pending Litigation \| Ignition Switch Recall Litigations - Economic Damage
Loss Contingencies [Line Items]
Number of jurisdictions \| jurisdiction	27
Pending Litigation \| Ignition Switch Recall Litigations - July 2009 Sale Order
Loss Contingencies [Line Items]
Number of states \| state							8	9
Accrued liabilities and Other liabilities
Loss Contingencies [Line Items]
Litigation-related liability and tax administrative matters		$ 1,300,000,000				$ 1,300,000,000

Marketable and Other Securities - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Marketable Securities [Line Items]
Sales proceeds from investments classified as available-for-sale and sold prior to maturity	$ 4,500	$ 4,300	$ 5,600
Lyft, Inc. \| Level 3 \| Interest Income and Other Non-Operating Income
Marketable Securities [Line Items]
Unrealized gain (loss) on securities		142
Other current assets \| Lyft, Inc. \| Level 1
Marketable Securities [Line Items]
Fair value of equity securities	$ 535
Other assets \| Lyft, Inc. \| Level 3
Marketable Securities [Line Items]
Fair value of equity securities		$ 884

Commitments and Contingencies - Noncancelable Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessee, Lease, Description [Line Items]
Rent expense	$ 354	$ 300	$ 284
Operating lease liabilities	1,010	$ 0
Operating right-of-use assets obtained in exchange for lease obligations	497
2020	269
2021	247
2022	179
2023	167
2024	130
Thereafter	464
Imputed interest	$ 207
Weighted average discount rate	4.20%
Weighted-average remaining lease term	7 years 2 months 12 days
Payments for operating leases	$ 337
Other assets
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	1,100
Accrued liabilities
Lessee, Lease, Description [Line Items]
Operating lease liability	239
Other liabilities
Lessee, Lease, Description [Line Items]
Operating lease liabilities	$ 1,000

Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Schedule of Revenue by Major Source

The following table disaggregates our revenue by major source for revenue generating segments:



	Year Ended December 31, 2019
	GMNA		GMI		Corporate		Total Automotive		Cruise		GM Financial		Eliminations/ Reclassifications			Total
Vehicle, parts and accessories	$	101,346	$	14,931	$	—	$	116,277	$	—	$	—	$	—		$	116,277
Used vehicles	1,896		123		—		2,019		—		—		—			2,019
Services and other	3,124		1,057		220		4,401		100		—		(100		)	4,401
Automotive net sales and revenue	106,366		16,111		220		122,697		100		—		(100		)	122,697
Leased vehicle income	—		—		—		—		—		10,032		—			10,032
Finance charge income	—		—		—		—		—		4,071		(7		)	4,064
Other income	—		—		—		—		—		451		(7		)	444
GM Financial net sales and revenue	—		—		—		—		—		14,554		(14		)	14,540
Net sales and revenue	$	106,366	$	16,111	$	220	$	122,697	$	100	$	14,554	$	(114	)	$	137,237



	Year Ended December 31, 2018
	GMNA		GMI		Corporate		Total Automotive		GM Financial		Eliminations			Total
Vehicle, parts and accessories	$	107,217	$	17,980	$	20	$	125,217	$	—	$	(62	)	$	125,155
Used vehicles	3,215		175		—		3,390		—		(36		)	3,354
Services and other	3,360		993		183		4,536		—		—			4,536
Automotive net sales and revenue	113,792		19,148		203		133,143		—		(98		)	133,045
Leased vehicle income	—		—		—		—		9,963		—			9,963
Finance charge income	—		—		—		—		3,629		(8		)	3,621
Other income	—		—		—		—		424		(4		)	420
GM Financial net sales and revenue	—		—		—		—		14,016		(12		)	14,004
Net sales and revenue	$	113,792	$	19,148	$	203	$	133,143	$	14,016	$	(110	)	$	147,049

Restructuring And Other Initiatives (Tables)

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table summarizes the reserves and charges related to restructuring and other initiatives, including postemployment benefit reserves and charges:



	Years Ended December 31,
	2019			2018			2017
Balance at beginning of period	$	1,122		$	227		$	268
Additions, interest accretion and other	629			1,637			330
Payments	(1,101		)	(600		)	(315		)
Revisions to estimates and effect of foreign currency	(86		)	(142		)	(56		)
Balance at end of period	$	564		$	1,122		$	227

Significant Accounting Policies - Noncancelable Operating Leases (Details) $ in Millions	Dec. 31, 2018 USD ($)
Minimum commitments
2019	$ 296
2020	286
2021	247
2022	180
2023	146
Thereafter	582
Total	1,737
Sublease income
2019	(61)
2020	(51)
2021	(44)
2022	(38)
2023	(33)
Thereafter	(129)
Totals	(356)
Net minimum commitments
2019	235
2020	235
2021	203
2022	142
2023	113
Thereafter	453
Totals	$ 1,381

Stock Incentive Plans (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Stock Incentive Awards Units Outstanding (Roll Forward)
Units outstanding at beginning of period (in shares)	48,100,000
Granted (in shares)	8,900,000
Settled (in shares)	(11,600,000)
Forfeited or expired (in shares)	(3,900,000)
Units outstanding at end of period (in shares)	41,500,000	48,100,000
Stock Incentive Awards Weighted Average Grant Date Fair Value (Per Share) [Roll Forward]
Weighted-average grant date fair value, Units outstanding at beginning of period (in dollars per share)	$ 19.81
Weighted-average grant date fair value, granted (in dollars per share)	27.89
Weighted-average grant date fair value, settled (in dollars per share)	28.78
Weighted-average grant date fair value, forfeited or expired (in dollars per share)	30.87
Weighted-average grant date fair value, Units outstanding at end of period (in dollars per share)	$ 19.81	$ 19.81		$ 19.17
Remaining Contractual Term [Abstract]
Weighted Average Remaining Contractual Terms in years, Outstanding	10 months 24 days	1 year 3 months 18 days
Compensation expense	$ 456	$ 316	$ 585
Weighted-average period for total unrecognized compensation expense for nonvested equity awards	1 year 1 month 6 days
Unrecognized compensation expense				$ 182
Fair value of stock incentive awards vested	$ 287	$ 317	$ 421
Restricted Stock Units (RSUs)
Stock Incentive Plans Narratives [Abstract]
Service period	3 years
Performance Share Units (PSUs)
Stock Incentive Plans Narratives [Abstract]
Performance period	3 years
Stock options
Stock Incentive Plans Narratives [Abstract]
Expiration period	10 years
Remaining Contractual Term [Abstract]
Dividend yield	3.90%	3.69%	4.43%
Expected volatility	28.00%	28.00%	25.00%
Risk-free interest rate	2.62%	2.73%	1.97%
Expected option life	6 years	5 years 11 months 23 days	5 years 10 months 2 days
Performance-based Employee Stock Options
Stock Incentive Plans Narratives [Abstract]
Service period	55 months
Service-based Employee Stock Options \| Minimum
Stock Incentive Plans Narratives [Abstract]
Service period	19 months
Service-based Employee Stock Options \| Maximum
Stock Incentive Plans Narratives [Abstract]
Service period	3 years
Restricted Stock Awards (RSAs)
Stock Incentive Plans Narratives [Abstract]
Service period	3 years
Cruise Stock Incentive Awards
Stock Incentive Awards Units Outstanding (Roll Forward)
Granted (in shares)			0
Cruise Stock Incentive Awards \| Restricted Stock Units (RSUs) \| Maximum
Stock Incentive Plans Narratives [Abstract]
Service period	4 years
Cruise Stock Incentive Awards \| Stock options
Stock Incentive Plans Narratives [Abstract]
Expiration period	10 years
Cruise Stock Incentive Awards \| Stock options \| Minimum
Stock Incentive Plans Narratives [Abstract]
Service period	4 years
Cruise Stock Incentive Awards \| Stock options \| Maximum
Stock Incentive Plans Narratives [Abstract]
Service period	10 years
Cruise Stock Incentive Awards \| Stock options and RSUs
Remaining Contractual Term [Abstract]
Weighted-average period for total unrecognized compensation expense for nonvested equity awards	7 years 10 months 24 days
Unrecognized compensation expense				$ 680
Total units outstanding (in shares)				70,100,000

Revenue

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue

The following table disaggregates our revenue by major source for revenue generating segments:



	Year Ended December 31, 2019
	GMNA		GMI		Corporate		Total Automotive		Cruise		GM Financial		Eliminations/ Reclassifications			Total
Vehicle, parts and accessories	$	101,346	$	14,931	$	—	$	116,277	$	—	$	—	$	—		$	116,277
Used vehicles	1,896		123		—		2,019		—		—		—			2,019
Services and other	3,124		1,057		220		4,401		100		—		(100		)	4,401
Automotive net sales and revenue	106,366		16,111		220		122,697		100		—		(100		)	122,697
Leased vehicle income	—		—		—		—		—		10,032		—			10,032
Finance charge income	—		—		—		—		—		4,071		(7		)	4,064
Other income	—		—		—		—		—		451		(7		)	444
GM Financial net sales and revenue	—		—		—		—		—		14,554		(14		)	14,540
Net sales and revenue	$	106,366	$	16,111	$	220	$	122,697	$	100	$	14,554	$	(114	)	$	137,237



	Year Ended December 31, 2018
	GMNA		GMI		Corporate		Total Automotive		GM Financial		Eliminations			Total
Vehicle, parts and accessories	$	107,217	$	17,980	$	20	$	125,217	$	—	$	(62	)	$	125,155
Used vehicles	3,215		175		—		3,390		—		(36		)	3,354
Services and other	3,360		993		183		4,536		—		—			4,536
Automotive net sales and revenue	113,792		19,148		203		133,143		—		(98		)	133,045
Leased vehicle income	—		—		—		—		9,963		—			9,963
Finance charge income	—		—		—		—		3,629		(8		)	3,621
Other income	—		—		—		—		424		(4		)	420
GM Financial net sales and revenue	—		—		—		—		14,016		(12		)	14,004
Net sales and revenue	$	113,792	$	19,148	$	203	$	133,143	$	14,016	$	(110	)	$	147,049

Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. Adjustments to sales incentives for previously recognized sales were insignificant during the years ended December 31, 2019 and 2018.

Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts. We recognized revenue of $1.5 billion and $1.4 billion related to contract liabilities during the years ended December 31, 2019 and 2018. We expect to recognize revenue of $1.1 billion, $487 million and $658 million in the years ending December 31, 2020, 2021 and thereafter related to contract liabilities as of December 31, 2019.

Marketable and Other Securities (Tables)

12 Months Ended

Dec. 31, 2019

Marketable Securities [Abstract]

Investments Classified by Contractual Maturity Date

The following table summarizes the fair value of cash equivalents and marketable debt and equity securities, which approximates cost:



	Fair Value Level	December 31, 2019		December 31, 2018
Cash and cash equivalents
Cash and time deposits(a)		$	6,828	$	7,254
Available-for-sale debt securities
U.S. government and agencies	2	1,484		4,656
Corporate debt	2	5,863		3,791
Sovereign debt	2	2,123		1,976
Total available-for-sale debt securities – cash equivalents		9,470		10,423
Money market funds	1	2,771		3,167
Total cash and cash equivalents(b)		$	19,069	$	20,844
Marketable debt securities
U.S. government and agencies	2	$	226	$	1,230
Corporate debt	2	2,932		3,478
Mortgage and asset-backed	2	681		695
Sovereign debt	2	335		563
Total available-for-sale debt securities – marketable securities(c)		$	4,174	$	5,966
Restricted cash
Cash and cash equivalents		$	292	$	260
Money market funds	1	3,582		2,392
Total restricted cash		$	3,874	$	2,652

Available-for-sale debt securities included above with contractual maturities(d)
Due in one year or less		$	10,213
Due between one and five years		2,750
Total available-for-sale debt securities with contractual maturities		$	12,963

__________


(a)	Includes $248 million and $616 million that is designated exclusively to fund capital expenditures in GM Korea at December 31, 2019 and 2018. Refer to Note 20 for additional information.


(b)	Includes $2.3 billion in Cruise at December 31, 2019 and 2018. Refer to Note 20 for additional information.


(c)	Includes $266 million in Cruise at December 31, 2019.


(d)	Excludes mortgage- and asset-backed securities of $681 million at December 31, 2019 as these securities are not due at a single maturity date.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the fair value of cash equivalents and marketable debt and equity securities, which approximates cost:



	Fair Value Level	December 31, 2019		December 31, 2018
Cash and cash equivalents
Cash and time deposits(a)		$	6,828	$	7,254
Available-for-sale debt securities
U.S. government and agencies	2	1,484		4,656
Corporate debt	2	5,863		3,791
Sovereign debt	2	2,123		1,976
Total available-for-sale debt securities – cash equivalents		9,470		10,423
Money market funds	1	2,771		3,167
Total cash and cash equivalents(b)		$	19,069	$	20,844
Marketable debt securities
U.S. government and agencies	2	$	226	$	1,230
Corporate debt	2	2,932		3,478
Mortgage and asset-backed	2	681		695
Sovereign debt	2	335		563
Total available-for-sale debt securities – marketable securities(c)		$	4,174	$	5,966
Restricted cash
Cash and cash equivalents		$	292	$	260
Money market funds	1	3,582		2,392
Total restricted cash		$	3,874	$	2,652

Available-for-sale debt securities included above with contractual maturities(d)
Due in one year or less		$	10,213
Due between one and five years		2,750
Total available-for-sale debt securities with contractual maturities		$	12,963

__________


(a)	Includes $248 million and $616 million that is designated exclusively to fund capital expenditures in GM Korea at December 31, 2019 and 2018. Refer to Note 20 for additional information.


(b)	Includes $2.3 billion in Cruise at December 31, 2019 and 2018. Refer to Note 20 for additional information.


(c)	Includes $266 million in Cruise at December 31, 2019.


(d)	Excludes mortgage- and asset-backed securities of $681 million at December 31, 2019 as these securities are not due at a single maturity date.

Schedule of Restricted Cash



	December 31, 2019		December 31, 2018
Cash and cash equivalents	$	19,069	$	20,844
Restricted cash included in Other current assets	3,352		2,083
Restricted cash included in Other assets	522		569
Total	$	22,943	$	23,496

Schedule of Cash and Cash Equivalents



	December 31, 2019		December 31, 2018
Cash and cash equivalents	$	19,069	$	20,844
Restricted cash included in Other current assets	3,352		2,083
Restricted cash included in Other assets	522		569
Total	$	22,943	$	23,496

GM Financial Receivables and Transactions - Allowance for Loan Losses (Details) - GM Financial - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for loan losses at beginning of period	$ 911	$ 942	$ 805
Provision for loan losses	726	642	757
Charge-offs	(1,246)	(1,199)	(1,173)
Recoveries	551	536	552
Effect of foreign currency	2	(10)	1
Allowance for loan losses at end of period	944	911	942
Collective allowance	596	586	611
Specific allowance	$ 348	$ 325	$ 331

Revenue - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Revenue - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 1,500	$ 1,400
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized	$ 1,100
Performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized	$ 487
Performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue expected to be recognized	$ 658
Performance obligation, expected timing of satisfaction, period

Stock Incentive Plans

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Stock Incentive Plans

GM Stock Incentive Awards We grant to certain employees RSUs, RSAs, PSUs and stock options (collectively, stock incentive awards) under our 2016 Equity Incentive Plan and 2017 Long-Term Incentive Plan (LTIP) and prior to the 2017 LTIP, under our 2014 LTIP. The 2017 LTIP was approved by stockholders in June 2017 and replaced the 2014 LTIP. 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.

RSU awards granted either cliff vest or ratably vest generally over a three-year service period, as defined in the terms of each award. PSU awards vest at the end of a three-year performance period, 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. Stock options expire 10 years from the grant date. Our performance-based stock options vest ratably over 55 months based on the performance of our common stock relative to that of a specified peer group. Our service-based stock options vest ratably over 19 months to three years.

In connection with our acquisition of Cruise Automation, Inc. in May 2016, RSAs and PSUs in common shares of GM were granted to employees of Cruise Holdings. The RSAs vest ratably, generally over a three-year service period. The PSUs are contingent upon achievement of specific technology and commercialization milestones.



	Shares (in millions)		Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Term in Years
Units outstanding at January 1, 2019	48.1		$	19.81	1.3
Granted	8.9		$	27.89
Settled	(11.6	)	$	28.78
Forfeited or expired	(3.9	)	$	30.87
Units outstanding at December 31, 2019(a)	41.5		$	19.17	0.9

__________


(a)	Includes the target amount of PSUs.

Our weighted-average assumptions used to value our stock options are a dividend yield of 3.90%, 3.69% and 4.43%, expected volatility of 28.0%, 28.0% and 25.0%, a risk-free interest rate of 2.62%, 2.73% and 1.97%, and an expected option life of 6.00, 5.98 and 5.84 years for options issued during the years ended December 31, 2019, 2018 and 2017.

Total compensation expense related to the above awards was $456 million, $316 million and $585 million in the years ended December 31, 2019, 2018 and 2017.

At December 31, 2019, the total unrecognized compensation expense for nonvested equity awards granted was $182 million. This expense is expected to be recorded over a weighted-average period of 1.1 years. The total fair value of stock incentive awards vested was $287 million, $317 million and $421 million in the years ended December 31, 2019, 2018 and 2017.

Cruise Stock Incentive Awards In addition to the awards noted above, stock options and RSUs were granted to Cruise employees in common shares of Cruise Holdings in the years ended December 31, 2019 and 2018. These awards were granted under the 2018 Employee Incentive Plan approved by Cruise Holdings' Board of Directors in August 2018. Shares awarded under the plan are subject to forfeiture if the participant leaves the company for reasons other than those permitted under the plan. There were no awards granted in Cruise common shares for the year ended December 31, 2017. Stock options vest ratably over four to 10 years, as defined in the terms of each award. Stock options expire 10 years from the grant date. RSU awards granted vest upon the satisfaction of both a service condition and a liquidity condition. The service condition for the majority of these awards is satisfied over four years. The liquidity condition is satisfied upon the earlier of the date of a change in control transaction or the consummation of an initial public offering.

Total compensation expense related to Cruise Holdings’ share-based awards was insignificant for the years ended December 31, 2019 and 2018. No share-based compensation expense had been recognized for the RSUs because the liquidity condition described above was not met at December 31, 2019 and 2018. Total unrecognized compensation expense for Cruise Holdings’ nonvested equity awards granted was $680 million at December 31, 2019, which was primarily comprised of the RSUs for which the liquidity condition had not been met. Total units outstanding were 70.1 million at December 31, 2019. The expense related to stock options is expected to be recorded over a weighted-average period of 7.9 years. The timing of the expense related to RSUs will depend upon the date of the satisfaction of the liquidity condition.

Supplementary Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								6 Months Ended	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total net sales and revenue	$ 30,826	$ 35,473	$ 36,060	$ 34,878	$ 38,399	$ 35,791	$ 36,760	$ 36,099		$ 137,237	$ 147,049	$ 145,588
Income from continuing operations	(192)	2,311	2,403	2,145	2,069	2,530	2,366	1,110		6,667	8,075	330
Loss from discontinued operations, net of tax					0	0	0	70		0	70	4,212
Net income attributable to stockholders	$ (194)	$ 2,351	$ 2,418	$ 2,157	$ 2,044	$ 2,534	$ 2,390	$ 1,046		$ 6,732	$ 8,014	$ (3,864)
Basic earnings (loss) per common share – continuing operations (in dollars per share)	$ (0.16)	$ 1.62	$ 1.68	$ 1.50	$ 1.42	$ 1.77	$ 1.68	$ 0.78		$ 4.62	$ 5.66	$ 0.23
Basic loss per common share – discontinued operations (in dollars per share)					0	0	0	0.05		0	0.05	2.88
Diluted earnings (loss) per common share – continuing operations (in dollars per share)	$ (0.16)	$ 1.60	$ 1.66	$ 1.48	1.40	1.75	1.66	0.77		4.57	5.58	0.22
Diluted loss per common share – discontinued operations (in dollars per share)					$ 0	$ 0	$ 0	$ 0.05		$ 0	$ 0.05	$ 2.82
Non-recurring tax benefit										$ 122	$ 134	$ (7,194)
FAW-GM \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Segment Reporting Information [Line Items]
Loss on sale of discontinued operations before taxes	$ 164									164
Automotive
Segment Reporting Information [Line Items]
Automotive and other gross margin	1,273	$ 3,643	$ 4,098	$ 3,032	$ 2,935	$ 3,743	$ 3,204	$ 2,507
Facility closing \| Korea
Segment Reporting Information [Line Items]
Restructuring charges and other charges									$ 1,100
Ignition Switch Recall Litigations
Segment Reporting Information [Line Items]
Ignition switch related legal matters						$ 440
Transformation Activities
Segment Reporting Information [Line Items]
Restructuring charges and other charges	$ 267	390	361	790	1,300
Foreign Tax Authority
Segment Reporting Information [Line Items]
Non-recurring tax benefit					$ 1,000
GMI \| GM Brazil Indirect Tax Claim \| Brazil
Segment Reporting Information [Line Items]
Estimated potential recovery from taxing authority		$ 123	$ 380	$ 857						1,400
GMI \| Transformation Activities
Segment Reporting Information [Line Items]
Restructuring charges and other charges										$ 115

GM Financial Receivables and Transactions

12 Months Ended

Dec. 31, 2019

GM Financial

Finance Receivables [Line Items]

GM Financial Receivables and Transactions



	December 31, 2019									December 31, 2018
	Retail			Commercial(a)			Total			Retail			Commercial(a)			Total
Finance receivables, collectively evaluated for impairment, net of fees	$	39,851		$	11,595		$	51,446		$	38,220		$	12,235		$	50,455
Finance receivables, individually evaluated for impairment, net of fees(b)	2,378			76			2,454			2,348			41			2,389
GM Financial receivables	42,229			11,671			53,900			40,568			12,276			52,844
Less: allowance for loan losses	(866		)	(78		)	(944		)	(844		)	(67		)	(911		)
GM Financial receivables, net	$	41,363		$	11,593		$	52,956		$	39,724		$	12,209		$	51,933

Fair value of GM Financial receivables utilizing Level 2 inputs							$	11,593								$	12,209
Fair value of GM Financial receivables utilizing Level 3 inputs							$	41,973								$	39,430

__________


(a)	Net of dealer cash management balances of $1.2 billion and $922 million at December 31, 2019 and 2018. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on their floorplan line by making principal payments to GM Financial in advance.


(b)	The allowance for loan losses included $330 million and $321 million of specific allowances on retail receivables at December 31, 2019 and 2018.



	Years Ended December 31,
	2019			2018			2017
Allowance for loan losses at beginning of period	$	911		$	942		$	805
Provision for loan losses	726			642			757
Charge-offs	(1,246		)	(1,199		)	(1,173		)
Recoveries	551			536			552
Effect of foreign currency	2			(10		)	1
Allowance for loan losses at end of period	$	944		$	911		$	942

The allowance for loan losses on retail and commercial finance receivables included a collective allowance of $596 million, $586 million and $611 million and a specific allowance of $348 million, $325 million and $331 million at December 31, 2019, 2018 and 2017. Refer to Note 2 for expected impact of adoption of ASU 2016-13.

Retail Finance Receivables We use proprietary scoring systems in the underwriting process that measure the credit quality of retail finance receivables using several factors, such as credit bureau information, consumer credit risk scores (e.g. FICO score or its equivalent) and contract characteristics. We also consider other factors such as employment history, financial stability and capacity to pay. Subsequent to origination we review the credit quality of retail finance receivables based on customer payment activity. At December 31, 2019 and 2018 24% and 25% of retail finance receivables were from consumers with sub-prime credit scores, which are defined as a FICO score or its equivalent of less than 620 at the time of loan origination.

We purchase 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 the payment was contractually due. The accrual of finance charge income had been suspended on delinquent retail finance receivables with contractual amounts due of $875 million and $888 million at December 31, 2019 and 2018. The following table summarizes the contractual amount of delinquent retail finance receivables, which is not significantly different than the recorded investment of the retail finance receivables:



	December 31, 2019				December 31, 2018
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31-to-60 days delinquent	$	1,354	3.2	%	$	1,349	3.3	%
Greater-than-60 days delinquent	542		1.3	%	547		1.4	%
Total finance receivables more than 30 days delinquent	1,896		4.5	%	1,896		4.7	%
In repossession	44		0.1	%	44		0.1	%
Total finance receivables more than 30 days delinquent or in repossession	$	1,940	4.6	%	$	1,940	4.8	%

Commercial Finance Receivables Our commercial finance receivables consist of dealer financings, primarily for inventory purchases. Proprietary models are used to assign a risk rating to each dealer. We perform periodic credit reviews of each dealership and adjust the dealership's risk rating, if necessary. Dealers in Group VI are subject to additional restrictions on funding, including suspension of lines of credit and liquidation of assets. The commercial finance receivables on nonaccrual status were insignificant at December 31, 2019 and 2018. The following table summarizes the credit risk profile by dealer risk rating of the commercial finance receivables:



		December 31, 2019		December 31, 2018
Group I	– Dealers with superior financial metrics	$	1,942	$	2,192
Group II	– Dealers with strong financial metrics	4,552		4,399
Group III	– Dealers with fair financial metrics	3,711		4,064
Group IV	– Dealers with weak financial metrics	968		1,116
Group V	– Dealers warranting special mention due to elevated risks	370		422
Group VI	– Dealers with loans classified as substandard, doubtful or impaired	128		83
		$	11,671	$	12,276

Transactions with GM Financial The following table shows transactions between our Automotive segments and GM Financial. These amounts are presented in GM Financial's consolidated balance sheets and statements of income. All balance sheet amounts in the table below are eliminated.



	December 31, 2019		December 31, 2018
Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers	$	478	$	445
Direct-financing lease receivables from GM subsidiaries	$	39	$	134
Subvention receivable(b)	$	676	$	727
Commercial loan funding payable	$	74	$	61



	Years Ended December 31,
	2019		2018		2017
Consolidated Statements of Income
Interest subvention earned on finance receivables	$	588	$	554	$	492
Leased vehicle subvention earned	$	3,273	$	3,274	$	3,046

__________


(a)	All balance sheet amounts are eliminated upon consolidation.


(b)	Our Automotive segments made cash payments to GM Financial for subvention of $4.1 billion, $3.8 billion, and $4.3 billion in the years ended December 31, 2019, 2018 and 2017.

GM Financial's Board of Directors declared and paid dividends of $400 million and $375 million on its common stock in October 2019 and 2018.

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Components of Intangible Assets



	December 31, 2019						December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology and intellectual property	$	734	$	533	$	201	$	734	$	457	$	277
Brands	4,298		1,285		3,013		4,299		1,165		3,134
Dealer network, customer relationships and other	966		702		264		968		661		307
Total intangible assets	$	5,998	$	2,520	$	3,478	$	6,001	$	2,283	$	3,718

Pensions And Other Postretirement Benefits - Components of Expense and Assumptions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Weighted-average assumptions used to determine net expense(a)
Administrative expenses and Pension Benefit Guarantee Corporation premiums	$ 214	$ 121
Amounts to be amortized from accumulated other comprehensive loss into net periodic benefit cost, next fiscal year	258
Other Postretirement Benefits Plan
Components of expense
Service cost	17	20	$ 19
Interest cost	220	195	202
Expected return on plan assets	0	0	0
Amortization of net actuarial (gains) losses	30	54	23
Curtailments, settlements and other	(23)	(19)	(5)
Net periodic pension and OPEB (income) expense	$ 244	$ 250	$ 239
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate	3.24%	4.19%	3.52%
Weighted-average assumptions used to determine net expense(a)
Discount rate	4.07%	3.29%	3.39%
U.S. \| Pension Plan
Components of expense
Service cost	$ 393	$ 330	$ 315
Service cost	179	209
Interest cost	2,264	2,050	2,145
Expected return on plan assets	(3,483)	(3,890)	(3,677)
Amortization of net actuarial (gains) losses	11	10	(6)
Curtailments, settlements and other	21	(19)	(37)
Net periodic pension and OPEB (income) expense	$ (794)	$ (1,519)	$ (1,260)
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate	3.20%	4.22%	3.53%
Weighted-average assumptions used to determine net expense(a)
Discount rate	3.92%	3.19%	3.35%
Expected rate of return on plan assets	6.37%	6.61%	6.23%
U.S. \| Pension Plan \| Plan
Weighted-average assumptions used to determine net expense(a)
Expected rate of return on plan assets	5.90%	6.40%
Non-U.S. \| Pension Plan
Components of expense
Service cost	$ 132	$ 163	$ 199
Service cost	120	149
Interest cost	456	464	473
Expected return on plan assets	(786)	(825)	(750)
Amortization of net actuarial (gains) losses	122	144	157
Curtailments, settlements and other	142	43	8
Net periodic pension and OPEB (income) expense	$ 66	$ (11)	$ 87
Weighted-average assumptions used to determine benefit obligations(a)
Discount rate	2.16%	2.86%	2.66%
Weighted-average assumptions used to determine net expense(a)
Discount rate	3.36%	2.99%	2.94%
Expected rate of return on plan assets	5.76%	6.09%	5.82%

Equity In Net Assets Of Nonconsolidated Affiliates (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($) joint_venture	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity income	$ 1,268	$ 2,163	$ 2,132
Equity in net assets of nonconsolidated affiliates	8,562	9,215	9,073
Basis Difference	$ 4,200	4,400
Number of joint ventures engaged in production, import and sale of products \| joint_venture	4
SGM
Schedule of Equity Method Investments [Line Items]
Number of interests in other joint ventures \| joint_venture	3
Automotive China
Schedule of Equity Method Investments [Line Items]
Equity income	$ 1,132	1,981	1,976
Equity in net assets of nonconsolidated affiliates	7,044	7,779
Other joint ventures
Schedule of Equity Method Investments [Line Items]
Equity income	136	182	$ 156
Equity in net assets of nonconsolidated affiliates	$ 1,518	$ 1,436
SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%	50.00%
SGM \| SAIC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
FAW-GM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	0.00%	50.00%
PATAC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%	50.00%
SGMS
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	49.00%	49.00%
SGMW
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	44.00%	44.00%
Shanghai OnStar
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	40.00%	40.00%
Shanghai OnStar \| SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20.00%
SGM Norsom
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%	25.00%
SGM Norsom \| SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
SGM Norsom \| SAIC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%
SGM DY
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%	25.00%
SGM DY \| SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
SGM DY \| SAIC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%
SGM DYPT
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%	25.00%
SGM DYPT \| SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
SGM DYPT \| SAIC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%
SAIC-GMAC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	35.00%	35.00%
SAIC-GMAC \| SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20.00%
SAIC-GMAC \| Shanghai Automotive Group Finance Company Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	45.00%
SAIC-GMF Leasing Co., Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	35.00%	35.00%
SAIC-GMF Leasing Co., Ltd. \| SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20.00%
SAIC-GMF Leasing Co., Ltd. \| SAIC Financial Holdings Company
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	45.00%
SGM Norsom, SGM DY and SGM DYPT \| SGM
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
SGM Norsom, SGM DY and SGM DYPT \| SAIC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	25.00%

Derivative Financial Instruments - Balance Sheet Location of Cumulative Basis Adjustments (Details) - Fair Value Hedges - Long-term Debt - GM Financial - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Items	$ 20,397	$ 17,923
Cumulative Amount of Fair Value Hedging Adjustments	(77)	459
Cumulative fair value adjustment on discontinued hedging relationships		$ 247
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Loss on derivative instruments	$ 569

GM Financial Receivables and Transactions - Intercompany Transactions (Details) - USD ($) $ in Millions	1 Months Ended		12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
GM Financial
Related Party Transactions [Line Items]
Financing receivable, net			$ 52,956	$ 51,933
Common stock dividends declared	$ 400	$ 375
GM Financial \| Commercial Portfolio Segment
Related Party Transactions [Line Items]
Financing receivable, net			11,593	12,209
GM Financial \| Retail Finance Receivables
Related Party Transactions [Line Items]
Financing receivable, net			41,363	39,724
Eliminations/ Reclassifications
Related Party Transactions [Line Items]
Cash payments to GM Financial			4,100	3,800	$ 4,300
Eliminations/ Reclassifications \| GM Financial
Related Party Transactions [Line Items]
Subvention receivable			676	727
Interest subvention earned on finance receivables			588	554	492
Leased vehicle subvention earned			3,273	3,274	$ 3,046
Eliminations/ Reclassifications \| GM Financial \| Commercial Portfolio Segment
Related Party Transactions [Line Items]
Financing receivable, net			478	445
Commercial loan funding payable			74	61
Eliminations/ Reclassifications \| GM Financial \| Retail Finance Receivables
Related Party Transactions [Line Items]
Financing receivable, net			$ 39	$ 134