Segment Reporting | Segment Reporting We report segment information consistent with the way the chief operating decision maker evaluates the operating results and performance of the Company. As a result of the growing importance of our autonomous vehicle operations, we moved these operations from Corporate to GM Cruise and began presenting GM Cruise as a new reportable segment in the three months ended June 30, 2018. Our GMNA, GMI and GM Financial segments were not significantly impacted. All periods presented have been recast to reflect the changes. We analyze the results of our business through the following segments: GMNA, GMI, GM 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 (GME) segment and part of GM Financial. The chief operating decision maker evaluates the operating results and performance of our automotive segments and GM Cruise through earnings before interest and taxes (EBIT)-adjusted, which is presented net of noncontrolling interests. The chief operating decision maker evaluates GM Financial through earnings before income taxes-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 cars, trucks, crossovers 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, cars, trucks and crossovers 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, Jiefang and Wuling brands. GM Cruise is our global segment designed to build, grow and invest in our autonomous ride-sharing vehicle business, and includes autonomous vehicle-related engineering and other costs. Our automotive operations' 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 consist primarily of cash and cash equivalents, marketable securities, our investment in Lyft, Inc. (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 Three Months Ended September 30, 2018 GMNA GMI Corporate Eliminations Total Automotive GM Cruise GM Financial Eliminations Total Net sales and revenue $ 27,650 $ 4,582 $ 56 $ 32,288 $ — $ 3,518 $ (15 ) $ 35,791 Earnings (loss) before interest and taxes-adjusted $ 2,825 $ 139 $ (94 ) $ 2,870 $ (214 ) $ 498 $ (1 ) $ 3,153 Adjustments(a) $ — $ — $ (440 ) $ (440 ) $ — $ — $ — (440 ) Automotive interest income 82 Automotive interest expense (161 ) Net (loss) attributable to noncontrolling interests (4 ) Income before income taxes 2,630 Income tax expense (100 ) Income from continuing operations 2,530 Loss from discontinued operations, net of tax — Net loss attributable to noncontrolling interests 4 Net income attributable to stockholders $ 2,534 Equity in net assets of nonconsolidated affiliates $ 77 $ 7,770 $ — $ — $ 7,847 $ — $ 1,308 $ — $ 9,155 Goodwill and intangibles $ 2,674 $ 939 $ 2 $ — $ 3,615 $ 679 $ 1,357 $ — $ 5,651 Total assets $ 110,245 $ 25,780 $ 28,194 $ (45,323 ) $ 118,896 $ 2,567 $ 105,658 $ (1,410 ) $ 225,711 Depreciation and amortization $ 1,251 $ 136 $ 12 $ — $ 1,399 $ 2 $ 1,904 $ — $ 3,305 Impairment charges $ — $ 2 $ 6 $ — $ 8 $ — $ — $ — $ 8 Equity income $ 2 $ 484 $ — $ — $ 486 $ — $ 44 $ — $ 530 __________ (a) Consists of charges for ignition switch related legal matters. At and For the Three Months Ended September 30, 2017 GMNA GMI Corporate Eliminations Total GM Cruise GM Eliminations Total Net sales and revenue $ 24,819 $ 5,576 $ 80 $ 30,475 $ — $ 3,161 $ (13 ) $ 33,623 Earnings (loss) before interest and taxes-adjusted $ 2,068 $ 389 $ (77 ) $ 2,380 $ (165 ) $ 310 $ (2 ) $ 2,523 Adjustments $ — $ — $ — $ — $ — $ — $ — — Automotive interest income 59 Automotive interest expense (151 ) Net (loss) attributable to noncontrolling interests (1 ) Income before income taxes 2,430 Income tax expense (2,316 ) Income from continuing operations 114 Loss from discontinued operations, net of tax (3,096 ) Net loss attributable to noncontrolling interests 1 Net loss attributable to stockholders $ (2,981 ) Equity in net assets of nonconsolidated affiliates $ 82 $ 7,619 $ — $ — $ 7,701 $ — $ 1,119 $ — $ 8,820 Goodwill and intangibles $ 2,871 $ 980 $ 12 $ — $ 3,863 $ 620 $ 1,371 $ — $ 5,854 Total assets(a) $ 109,934 $ 27,832 $ 25,797 $ (39,731 ) $ 123,832 $ 564 $ 106,142 $ (1,036 ) $ 229,502 Depreciation and amortization $ 1,210 $ 166 $ 11 $ — $ 1,387 $ — $ 1,743 $ — $ 3,130 Impairment charges $ 10 $ 7 $ — $ — $ 17 $ — $ — $ — $ 17 Equity income $ 2 $ 457 $ — $ — $ 459 $ — $ 41 $ — $ 500 __________ (a) Assets in GM Financial include assets classified as held for sale. At and For the Nine Months Ended September 30, 2018 GMNA GMI Corporate Eliminations Total GM Cruise GM Eliminations Total Net sales and revenue $ 83,969 $ 14,188 $ 155 $ 98,312 $ — $ 10,417 $ (79 ) $ 108,650 Earnings (loss) before interest and taxes-adjusted $ 7,728 $ 471 $ (187 ) $ 8,012 $ (534 ) $ 1,477 $ — $ 8,955 Adjustments(a) $ — $ (1,138 ) $ (440 ) $ (1,578 ) $ — $ — $ — (1,578 ) Automotive interest income 218 Automotive interest expense (470 ) Net (loss) attributable to noncontrolling interests (34 ) Income before income taxes 7,091 Income tax expense (1,085 ) Income from continuing operations 6,006 Loss from discontinued operations, net of tax (70 ) Net loss attributable to noncontrolling interests 34 Net income attributable to stockholders $ 5,970 Depreciation and amortization $ 3,474 $ 426 $ 36 $ — $ 3,936 $ 5 $ 5,560 $ — $ 9,501 Impairment charges $ 53 $ 463 $ 6 $ — $ 522 $ — $ — $ — $ 522 Equity income $ 7 $ 1,667 $ — $ — $ 1,674 $ — $ 141 $ — $ 1,815 __________ (a) Consists of charges of $1.1 billion related to restructuring actions in Korea in GMI, which is net of noncontrolling interest, and charges of $440 million for ignition switch related legal matters in Corporate. At and For the Nine Months Ended September 30, 2017 GMNA GMI Corporate Eliminations Total GM Cruise GM Eliminations Total Net sales and revenue $ 82,594 $ 16,226 $ 306 $ 99,126 $ — $ 8,899 $ (152 ) $ 107,873 Earnings (loss) before interest and taxes-adjusted $ 9,014 $ 884 $ (574 ) $ 9,324 $ (455 ) $ 895 $ (5 ) $ 9,759 Adjustments(a) $ — $ (540 ) $ (114 ) $ (654 ) $ — $ — $ — (654 ) Automotive interest income 184 Automotive interest expense (430 ) Net income attributable to noncontrolling interests 11 Income before income taxes 8,870 Income tax expense (3,637 ) Income from continuing operations 5,233 Loss from discontinued operations, net of tax (3,935 ) Net (income) attributable to noncontrolling interests (11 ) Net income attributable to stockholders $ 1,287 Depreciation and amortization $ 3,499 $ 535 $ 22 $ (1 ) $ 4,055 $ 1 $ 4,757 $ — $ 8,813 Impairment charges $ 59 $ 207 $ 5 $ — $ 271 $ — $ — $ — $ 271 Equity income $ 8 $ 1,448 $ — $ — $ 1,456 $ — $ 129 $ — $ 1,585 __________ (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. |