General Motors Financial (ACF) 10-Q 29 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 28, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	General Motors Financial Company, Inc.
Entity Central Index Key	0000804269
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,050,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 3,218	$ 4,883
Finance receivables, net (Note 3; Note 7 VIEs)	54,332	52,512
Leased vehicles, net (Note 4; Note 7 VIEs)	42,527	43,559
Goodwill	1,182	1,186
Equity in net assets of non-consolidated affiliates (Note 5)	1,381	1,355
Related party receivables (Note 2)	696	729
Other assets (Note 7 VIEs)	6,025	5,696
Total assets	109,361	109,920
Liabilities
Secured debt (Note 6; Note 7 VIEs)	39,029	42,835
Unsecured debt (Note 6)	50,099	48,153
Deferred income	3,708	3,605
Related party payables (Note 2)	67	63
Other liabilities	3,770	3,605
Total liabilities	96,673	98,261
Commitments and contingencies (Note 9)
Shareholders' equity (Note 10)
Common stock, $0.0001 par value per share	0	0
Preferred stock, $0.01 par value per share	0	0
Additional paid-in capital	8,085	8,058
Accumulated other comprehensive loss	(1,210)	(1,066)
Retained earnings	5,813	4,667
Total shareholders' equity	12,688	11,659
Total liabilities and shareholders' equity	$ 109,361	$ 109,920

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common stock par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue
Finance charge income	$ 1,043	$ 917	$ 3,038	$ 2,667
Leased vehicle income	2,515	2,501	7,536	7,445
Other income	101	100	344	305
Total revenue	3,659	3,518	10,918	10,417
Costs and expenses
Operating expenses	384	369	1,131	1,116
Leased vehicle expenses	1,574	1,677	5,025	5,148
Provision for loan losses (Note 3)	150	180	504	444
Interest expense	879	838	2,778	2,373
Total costs and expenses	2,987	3,064	9,438	9,081
Equity income (Note 5)	39	44	126	141
Income before income taxes	711	498	1,606	1,477
Income tax provision (Note 11)	195	57	416	225
Net income	516	441	1,190	1,252
Less: cumulative dividends on preferred stock	23	15	68	44
Net income attributable to common shareholder	$ 493	$ 426	$ 1,122	$ 1,208

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 516	$ 441	$ 1,190	$ 1,252
Other comprehensive loss, net of tax (Note 10)
Unrealized (loss) gain on hedges, net of income tax (benefit) expense of $(4), $2, $(15) and $1	(12)	1	(45)	19
Foreign currency translation adjustment, net of income tax benefit of $0, $0, $0 and $1	(164)	(35)	(99)	(221)
Other comprehensive loss, net of tax	(176)	(34)	(144)	(202)
Comprehensive income	$ 340	$ 407	$ 1,046	$ 1,050

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Change in value of cash flow hedges, tax (benefit)	$ (4)	$ 2	$ (15)	$ 1
Translation income (loss), tax	$ 0	$ 0	$ 0	$ (1)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
Balance at beginning of period at Dec. 31, 2017	$ 10,294	$ 0	$ 0	$ 7,525	$ (768)	$ 3,537
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standards	40					40
Net income	369					369
Other comprehensive income (loss)	60				60
Stock based compensation	16			16
Dividends paid	(30)					(30)
Other	(1)					(1)
Balance at end of period at Mar. 31, 2018	10,748	0	0	7,541	(708)	3,915
Balance at beginning of period at Dec. 31, 2017	10,294	0	0	7,525	(768)	3,537
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,252
Balance at end of period at Sep. 30, 2018	11,852	0	0	8,052	(970)	4,770
Balance at beginning of period at Mar. 31, 2018	10,748	0	0	7,541	(708)	3,915
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	442					442
Other comprehensive income (loss)	(228)				(228)
Stock based compensation	13			13
Other	1					1
Balance at end of period at Jun. 30, 2018	10,976	0	0	7,554	(936)	4,358
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	441					441
Other comprehensive income (loss)	(34)				(34)
Stock based compensation	6			6
Issuance of preferred stock	492			492
Dividends paid	(29)					(29)
Balance at end of period at Sep. 30, 2018	11,852	0	0	8,052	(970)	4,770
Balance at beginning of period at Dec. 31, 2018	11,659	0	0	8,058	(1,066)	4,667
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	271					271
Other comprehensive income (loss)	42				42
Stock based compensation	11			11
Other	1					1
Balance at end of period at Mar. 31, 2019	11,984	0	0	8,069	(1,024)	4,939
Balance at beginning of period at Dec. 31, 2018	11,659	0	0	8,058	(1,066)	4,667
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,190
Balance at end of period at Sep. 30, 2019	12,688	0	0	8,085	(1,210)	5,813
Balance at beginning of period at Mar. 31, 2019	11,984	0	0	8,069	(1,024)	4,939
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	403					403
Other comprehensive income (loss)	(10)				(10)
Stock based compensation	8			8
Balance at end of period at Jun. 30, 2019	12,385	0	0	8,077	(1,034)	5,342
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	516					516
Other comprehensive income (loss)	(176)				(176)
Stock based compensation	8			8
Dividends paid	(45)					(45)
Balance at end of period at Sep. 30, 2019	$ 12,688	$ 0	$ 0	$ 8,085	$ (1,210)	$ 5,813

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 6,304	$ 5,308
Cash flows from investing activities
Purchases of retail finance receivables, net	(19,866)	(17,794)
Principal collections and recoveries on retail finance receivables	17,733	12,010
Net funding of commercial finance receivables	(599)	(886)
Purchases of leased vehicles, net	(12,488)	(13,051)
Proceeds from termination of leased vehicles	9,983	8,094
Other investing activities	(37)	(100)
Net cash used in investing activities	(5,274)	(11,727)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	27	1,563
Borrowings and issuances of secured debt	17,880	18,541
Payments on secured debt	(21,707)	(18,710)
Borrowings and issuances of unsecured debt	8,796	9,552
Payments on unsecured debt	(7,278)	(4,423)
Debt issuance costs	(102)	(118)
Proceeds from issuance of preferred stock	0	492
Dividends paid	(91)	(59)
Net cash (used in) provided by financing activities	(2,475)	6,838
Net (decrease) increase in cash, cash equivalents and restricted cash	(1,445)	419
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(20)	(56)
Cash, cash equivalents and restricted cash at beginning of period	7,443	6,567
Cash, cash equivalents and restricted cash at end of period	5,978	6,930
Supplemental Cash Flow Elements [Abstract]
Total	$ 7,443	$ 6,567

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The condensed consolidated financial statements include our accounts and the accounts of our consolidated subsidiaries, including certain special purpose entities (SPEs) utilized in secured financing transactions, which are considered variable interest entities (VIEs). All intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements, including the notes thereto, are condensed and do not include all disclosures required by generally accepted accounting principles (GAAP) in the U.S. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that are included in our Annual Report on Form 10–K for the fiscal year ended December 31, 2018, as filed with the Securities and Exchange Commission (SEC) on February 6, 2019 (2018 Form 10–K). Except as otherwise specified, dollar amounts presented within tables are stated in millions. The condensed consolidated financial statements at September 30, 2019 , and for the three and nine months ended September 30, 2019 and 2018 , are unaudited and, in management’s opinion, include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations. The results for interim periods are not necessarily indicative of results for a full year. The condensed consolidated balance sheet at December 31, 2018 was derived from audited annual financial statements. Segment Information We are the wholly-owned captive finance subsidiary of General Motors Company (GM). We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: North America (the North America Segment) and International (the International Segment). Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investments in joint ventures in China. Recently Adopted Accounting Standards Effective January 1, 2019, we adopted ASU 2016-02, "Leases" (ASU 2016-02) using the optional transition method, resulting in the recognition of right of use assets of $129 million , included in other assets, and lease obligations of $144 million , included in other liabilities on our condensed consolidated balance sheet related to our existing operating leases at January 1, 2019. We elected to apply 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 finance leases and leases where we are lessor remained substantially unchanged. The application of ASU 2016-02 had no impact on our condensed consolidated statement of income or condensed consolidated statement of cash flows. The following table summarizes our minimum commitments under noncancelable operating leases having initial terms in excess of one year at December 31, 2018: Years Ending December 31, 2019 2020 2021 2022 2023 Thereafter Total Minimum commitments $ 27 $ 26 $ 25 $ 23 $ 19 $ 47 $ 167 Refer to Note 9 for information on our operating leases at September 30, 2019 . As lessor, we have investments in leased vehicles recorded as operating leases. Leased vehicles consist of automobiles leased to customers and are carried at amortized cost less unearned manufacturer subvention payments, which are received up front. Depreciation expense is recorded on a straight-line basis over the term of the lease agreement to the estimated residual value. Manufacturer subvention is earned on a straight-line basis as a reduction to depreciation expense. Generally, the lessee may purchase the leased vehicle at the maturity of the lease by paying the purchase price stated in the lease agreement, which equals the contract residual value determined at origination of the lease, plus any fees and all other amounts owed under the lease. If the lessee decides not to purchase the leased vehicle, the lessee must return it to a dealer by the lease's scheduled lease maturity date. Extensions may be granted to the lessee for up to six months. If the lessee extends the maturity date on their lease agreement, the lessee is responsible for additional monthly payments until the leased vehicle is returned or purchased. Since the lessee is not obligated to purchase the vehicle at the end of the contract, we are exposed to a risk of loss to the extent the customer returns the vehicle prior to or at the end of the lease term and the value of the vehicle is lower than the residual value estimated at inception of the lease. We estimate the expected residual value based on third-party data which considers various data points and assumptions including recent auction values, the expected future volume of returning leased vehicles, used vehicle prices, manufacturer incentive programs and fuel prices. Changes in the expected residual value result in increased or decreased depreciation of the leased asset over the remaining term of the lease. Upon disposition, a gain or loss is recorded for any difference between the carrying amount of the lease and the proceeds from the disposition of the asset, including any insurance proceeds. Under the accounting for impairment or disposal of long-lived assets, vehicles on operating leases are evaluated by asset group for impairment. We aggregate leased vehicles into asset groups based on make, year and model. When asset group indicators of impairment exist and aggregate future cash flows from the operating lease, including the expected realizable fair value of the leased assets at the end of the lease, are less than the carrying amount of the lease asset group, an immediate impairment write-down is recognized if the difference is deemed not recoverable. 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 plan to adopt ASU 2016-13 on January 1, 2020 on a modified retrospective basis. Estimated credit losses under CECL will 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. We are currently validating and refining our risk forecasting models, assumption review processes, corporate governance controls and accounting and financial reporting for our implementation of ASU 2016-13. Upon adoption, we expect to record an adjustment that will increase our allowance for credit losses between $700 million and $900 million , with an after-tax reduction to retained earnings between $500 million and $700 million . The amount of the adjustment is heavily dependent on the volume, credit mix and seasoning of our loan portfolio.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We offer loan and lease finance products through GM-franchised dealers to customers purchasing new vehicles manufactured by GM and certain used vehicles and make commercial loans directly to GM-franchised dealers and their affiliates. We also offer commercial loans to dealers that are consolidated by GM and those balances are included in our finance receivables, net. Under subvention programs, GM makes cash payments to us for offering incentivized rates and structures on retail loan and lease finance products. In addition, GM makes cash payments to us to cover interest payments on certain commercial loans. We purchase certain program vehicles from GM subsidiaries. We simultaneously lease these vehicles to those subsidiaries for use primarily in their vehicle-sharing arrangements. We account for these leases as direct-finance leases, sales-type leases or loans depending on the origin of the asset, all of which are included in our finance receivables, net. We periodically purchase finance receivables from other GM subsidiaries for vehicles sold to rental car companies and for vehicles sold to certain dealerships. During the nine months ended September 30, 2019 and 2018 , we purchased $689 million and $371 million of these receivables from GM, which are included in our finance receivables, net. We have related party payables due to GM, primarily for commercial finance receivables originated but not yet funded. The following tables present related party transactions: Balance Sheet Data September 30, 2019 December 31, 2018 Commercial finance receivables, net due from dealers consolidated by GM (a) $ 502 $ 445 Finance receivables from GM subsidiaries (a) $ 70 $ 134 Subvention receivable (b) $ 692 $ 727 Commercial loan funding payable (c) $ 61 $ 61 Three Months Ended September 30, Nine Months Ended September 30, Income Statement Data 2019 2018 2019 2018 Interest subvention earned on retail finance receivables (d) $ 137 $ 125 $ 401 $ 359 Interest subvention earned on commercial finance receivables (d) $ 16 $ 17 $ 47 $ 50 Leased vehicle subvention earned (e) $ 814 $ 827 $ 2,467 $ 2,438 _________________ (a) Included in finance receivables, net. (b) Included in related party receivables. We received subvention payments from GM of $ 1.0 billion and $1.1 billion for the three months ended September 30, 2019 and 2018 and $3.1 billion and $2.8 billion for the nine months ended September 30, 2019 and 2018 . (c) Included in related party payables. (d) Included in finance charge income. (e) Included as a reduction to leased vehicle expenses. Under the support agreement with GM (the Support Agreement), if our earning assets leverage ratio at the end of any calendar quarter exceeds the applicable threshold set in the Support Agreement, we may require GM to provide funding sufficient to bring our earning assets leverage ratio to within the applicable threshold. In determining our earning assets leverage ratio (net earning assets divided by adjusted equity) under the Support Agreement, net earning assets means our finance receivables, net, plus leased vehicles, net, and adjusted equity means our equity, net of goodwill and inclusive of outstanding junior subordinated debt, as each may be adjusted for derivative accounting from time to time. Additionally, the Support Agreement provides that GM will own all of our outstanding voting shares as long as we have any unsecured debt securities outstanding. GM also agrees to certain provisions in the Support Agreement intended to ensure that we maintain adequate access to liquidity. Pursuant to these provisions, GM provides us with a $1.0 billion junior subordinated unsecured intercompany revolving credit facility (the Junior Subordinated Revolving Credit Facility), and GM agrees to use commercially reasonable efforts to ensure that we will continue to be designated as a subsidiary borrower under GM's corporate revolving credit facilities. In April 2019, GM renewed the 364 -day, $2.0 billion facility (the GM Revolving 364 -Day Credit Facility) for an additional 364 -day term. This facility has been allocated for exclusive access by us since April 2018. At September 30, 2019 , we had no amounts borrowed under any of the GM facilities. We are included in GM's consolidated U.S. federal income tax returns and certain U.S. state returns, and we are obligated to pay GM for our share of these tax liabilities. Amounts owed to GM for income taxes are accrued and recorded as a related party payable. At September 30, 2019 , we had a related party taxes payable of $4 million . At December 31, 2018 , we had no related party taxes payable.

Finance Receivables

Finance Receivables	9 Months Ended
	Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables	Finance Receivables September 30, 2019 December 31, 2018 Retail finance receivables Retail finance receivables, collectively evaluated for impairment, net of fees $ 39,577 $ 38,354 Retail finance receivables, individually evaluated for impairment, net of fees 2,390 2,348 Total retail finance receivables, net of fees (a) 41,967 40,702 Less: allowance for loan losses - collective (519 ) (523 ) Less: allowance for loan losses - specific (337 ) (321 ) Total retail finance receivables, net 41,111 39,858 Commercial finance receivables Commercial finance receivables, collectively evaluated for impairment, net of fees 13,258 12,680 Commercial finance receivables, individually evaluated for impairment, net of fees 40 41 Total commercial finance receivables, net of fees (b) 13,298 12,721 Less: allowance for loan losses - collective (66 ) (63 ) Less: allowance for loan losses - specific (11 ) (4 ) Total commercial finance receivables, net 13,221 12,654 Total finance receivables, net $ 54,332 $ 52,512 Fair value utilizing Level 2 inputs $ 13,221 $ 12,654 Fair value utilizing Level 3 inputs $ 41,627 $ 39,564 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs o f $72 million and $53 million at September 30, 2019 and December 31, 2018 . (b) Net of dealer cash management balances of $1.2 billion and $922 million at September 30, 2019 and December 31, 2018 . Rollforward of Allowance for Retail Loan Losses A summary of the activity in the allowance for retail loan losses is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Allowance for retail loan losses beginning balance $ 881 $ 815 $ 844 $ 889 Provision for loan losses 149 176 492 434 Charge-offs (300 ) (285 ) (886 ) (878 ) Recoveries 133 130 410 398 Foreign currency translation (7 ) 3 (4 ) (4 ) Allowance for retail loan losses ending balance $ 856 $ 839 $ 856 $ 839 Retail Credit Quality Our retail finance receivables portfolio includes loans made to consumers and businesses to finance the purchase of vehicles for personal and commercial use. We review the credit quality of our retail finance receivables based on customer payment activity. A retail account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. Retail finance receivables are collateralized by vehicle titles and, subject to local laws, we generally have the right to repossess the vehicle in the event the customer defaults on the payment terms of the contract. The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables, which is not significantly different than the recorded investment for such receivables: September 30, 2019 September 30, 2018 Amount Percent of Contractual Amount Due Amount Percent of Contractual Amount Due 31 - 60 days $ 1,252 3.0 % $ 1,302 3.4 % Greater than 60 days 514 1.2 498 1.3 Total finance receivables more than 30 days delinquent 1,766 4.2 1,800 4.7 In repossession 48 0.1 53 0.2 Total finance receivables more than 30 days delinquent or in repossession $ 1,814 4.3 % $ 1,853 4.9 % At September 30, 2019 and December 31, 2018 , the accrual of finance charge income had been suspended on retail finance receivables with contractual amounts due of $853 million and $888 million . Impaired Retail Finance Receivables - TDRs 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 receivable discounted at the loan's original effective interest rate. Accounts that become classified as TDRs because of a payment deferral accrue interest at the contractual rate and an additional fee is collected (where permitted) at each time of deferral and recorded as a reduction of accrued interest. No interest or fees are forgiven on a payment deferral to a customer; therefore, there are no additional financial effects of deferred loans becoming classified as TDRs. Accounts in the U.S. in Chapter 13 bankruptcy would have already been placed on non-accrual; therefore, there are no additional financial effects from these loans becoming classified as TDRs. 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. The outstanding recorded investment for retail finance receivables that are considered to be TDRs and the related allowance is presented below: September 30, 2019 December 31, 2018 Outstanding recorded investment $ 2,390 $ 2,348 Less: allowance for loan losses (337 ) (321 ) Outstanding recorded investment, net of allowance $ 2,053 $ 2,027 Unpaid principal balance $ 2,416 $ 2,379 Additional information about loans classified as TDRs is presented below: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Average outstanding recorded investment $ 2,372 $ 2,293 $ 2,369 $ 2,268 Finance charge income recognized $ 60 $ 59 $ 191 $ 185 Number of loans classified as TDRs during the period 19,074 17,924 53,013 51,020 Recorded investment of loans classified as TDRs during the period $ 343 $ 319 $ 969 $ 932 The unpaid principal balance, net of recoveries, of loans charged off during the reporting period within 12 months of being modified as a TDR was insignificant for the three and nine months ended September 30, 2019 and 2018 . Commercial Credit Quality 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 following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables: September 30, 2019 December 31, 2018 Amount Percent Amount Percent Group I - Dealers with superior financial metrics $ 1,924 14.5 % $ 2,192 17.2 % Group II - Dealers with strong financial metrics 5,398 40.6 4,500 35.4 Group III - Dealers with fair financial metrics 4,243 31.9 4,292 33.7 Group IV - Dealers with weak financial metrics 1,327 10.0 1,205 9.5 Group V - Dealers warranting special mention due to elevated risks 332 2.5 449 3.5 Group VI - Dealers with loans classified as substandard, doubtful or impaired 74 0.5 83 0.7 Balance at end of period $ 13,298 100.0 % $ 12,721 100.0 % At September 30, 2019 and December 31, 2018 , substantially all of our commercial finance receivables were current with respect to payment status. Commercial finance receivables on non-accrual status were insignificant, and none were classified as TDRs. Activity in the allowance for commercial loan losses was insignificant for the three and nine months ended September 30, 2019 and 2018 .

Leased Vehicles

Leased Vehicles	9 Months Ended
	Sep. 30, 2019
Property Subject to or Available for Operating Lease, Net [Abstract]
Leased Vehicles	Leased Vehicles September 30, 2019 December 31, 2018 Leased vehicles $ 63,589 $ 64,928 Manufacturer subvention (9,810 ) (9,934 ) Net capitalized cost 53,779 54,994 Less: accumulated depreciation (11,252 ) (11,435 ) Leased vehicles, net $ 42,527 $ 43,559 The following table summarizes lease payments due to us as lessor under operating leases at September 30, 2019 : Years Ending December 31, 2019 2020 2021 2022 2023 Thereafter Total Lease payments under operating leases $ 1,852 $ 5,996 $ 3,471 $ 1,084 $ 79 $ 3 $ 12,485

Equity in Net Assets of Non-con

Equity in Net Assets of Non-consolidated Affiliates	9 Months Ended
	Sep. 30, 2019
Noncontrolling Interest [Abstract]
Equity in Net Assets of Non-consolidated Affiliates	Equity in Net Assets of Non-consolidated Affiliates We use the equity method to account for our equity interest in joint ventures . The income of these joint ventures is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income. There have been no significant ownership changes in our joint ventures since December 31, 2018. The following table presents certain aggregated operating data of our joint ventures: Three Months Ended September 30, Nine Months Ended September 30, Summarized Operating Data 2019 2018 2019 2018 Finance charge income $ 330 $ 305 $ 1,024 $ 927 Income before income taxes $ 150 $ 168 $ 481 $ 537 Net income $ 113 $ 126 $ 361 $ 403 At September 30, 2019 and December 31, 2018 , we had undistributed earnings of $575 million and $498 million related to our non-consolidated affiliates. During the three months ended September 30, 2019 , SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC) declared a $140 million cash dividend of which our share was $49 million . We expect to receive the dividend payment in the fourth quarter of 2019.

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt September 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 2,109 $ 2,115 $ 3,410 $ 3,413 Securitization notes payable 36,920 37,150 39,425 39,422 Total secured debt 39,029 39,265 42,835 42,835 Unsecured debt Senior notes 45,117 45,965 42,611 42,015 Credit facilities 1,665 1,665 2,157 2,151 Other unsecured debt 3,317 3,324 3,385 3,390 Total unsecured debt 50,099 50,954 48,153 47,556 Total secured and unsecured debt $ 89,128 $ 90,219 $ 90,988 $ 90,391 Fair value utilizing Level 2 inputs $ 88,388 $ 88,305 Fair value utilizing Level 3 inputs $ 1,831 $ 2,086 Secured Debt Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged assets. Refer to Note 7 for further discussion. During the nine months ended September 30, 2019 , we entered into new or renewed credit facilities with a total net additional borrowing capacity of $225 million , and we issued $14.2 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 2.83% and legal final maturity dates ranging from 2022 to 2026 . Unsecured Debt During the nine months ended September 30, 2019 , we issued $6.5 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 3.65% and maturity dates ranging from 2021 to 2029 . The principal amount outstanding of our commercial paper in the U.S. was $1.0 billion and $1.2 billion at September 30, 2019 and December 31, 2018 . General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' unsecured debt obligations for which a guarantee is provided. Compliance with Debt Covenants Several of 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 our secured debt agreements also contain various covenants, including maintaining portfolio performance ratios as well as limits on deferment levels. Our unsecured debt obligations contain covenants including limitations on our ability to incur certain liens. At September 30, 2019 , we were in compliance with these debt covenants.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2019
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities Securitizations and Credit Facilities The following table summarizes the assets and liabilities related to our consolidated VIEs: September 30, 2019 December 31, 2018 Restricted cash (a) $ 2,584 $ 2,380 Finance receivables, net of fees $ 32,824 $ 32,626 Lease related assets $ 17,603 $ 21,781 Secured debt $ 38,902 $ 42,504 _______________ (a) Included in other assets. These amounts are related to securitization and credit facilities held by consolidated VIEs. Our continuing involvement with these VIEs consists of servicing assets held by the entities and holding residual interests in the entities. We have determined that we are the primary beneficiary of each VIE because we hold both (i) the power to direct the activities of the VIEs that most significantly impact the VIEs' economic performance and (ii) the obligation to absorb losses from and the right to receive benefits of the VIEs that could potentially be significant to the VIEs. We are not required, and do not currently intend, to provide any additional financial support to these VIEs. Liabilities recognized as a result of consolidating these entities generally do not represent claims against us or our other subsidiaries and assets recognized generally are for the benefit of these entities' operations and cannot be used to satisfy our or our other subsidiaries' obligations.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Derivative Financial Instruments and Hedging Activities We are exposed to certain risks arising from both our business operations and economic conditions. We manage economic risks, including interest rate risk, primarily by managing the amount, sources, and duration of our assets and liabilities and the use of derivative financial instruments. Specifically, we enter into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to our borrowings. Certain of our foreign operations expose us to fluctuations of foreign interest rates and exchange rates. We primarily finance our earning assets with debt in the same currency to minimize the impact to earnings from our exposure to fluctuations in exchange rates. When we use a different currency, these fluctuations may impact the value of our cash receipts and payments in terms of our functional currency. We enter into derivative financial instruments to protect the value or fix the amount of certain assets and liabilities in terms of the relevant functional currency. The table below presents the gross amounts of fair value of our derivative instruments and the associated notional amounts: September 30, 2019 December 31, 2018 Notional Fair Value of Assets (a) Fair Value of Liabilities (a) Notional Fair Value of Assets (a) Fair Value of Liabilities (a) Derivatives designated as hedges Fair value hedges Interest rate swaps $ 10,702 $ 384 $ 4 $ 9,533 $ 42 $ 231 Foreign currency swaps 1,744 — 101 1,829 37 60 Cash flow hedges Interest rate swaps 553 1 5 768 8 — Foreign currency swaps 4,269 16 241 2,075 43 58 Derivatives not designated as hedges Interest rate contracts 86,848 302 384 99,666 372 520 Total (b) $ 104,116 $ 703 $ 735 $ 113,871 $ 502 $ 869 _________________ (a) The gross amounts of the fair value of our assets and liabilities are included in other assets and other liabilities, respectively. 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. All our derivatives are categorized within Level 2 of the fair value hierarchy. 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. (b) We primarily enter into derivative instruments through AmeriCredit Financial Services, Inc. (AFSI); however, our SPEs may also be parties to derivative instruments. Agreements between AFSI and its derivative counterparties include rights of setoff for positions with offsetting values or for collateral held or posted. At September 30, 2019 and December 31, 2018 , the fair value of assets and liabilities available for offset was $383 million and $320 million . At September 30, 2019 and December 31, 2018 , we held $258 million and $30 million of collateral from counterparties which is available for netting against our asset positions. At September 30, 2019 and December 31, 2018 , we posted $129 million and $451 million of collateral to counterparties which is available for netting against our liability positions. The following amounts were recorded in the condensed consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships: Carrying Amount of Cumulative Amount of Fair Value (a) September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Unsecured debt $ 20,453 $ 17,923 $ (135 ) $ 459 _________________ (a) Includes $131 million and $247 million at September 30, 2019 and December 31, 2018 of amortization remaining on hedged items for which hedge accounting has been discontinued. The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of income: Income (Losses) Recognized In Income Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ (159 ) $ — $ 68 $ — $ (682 ) $ — $ 345 $ — Interest rate swaps 80 — (73 ) — 546 — (359 ) — Hedged items - foreign currency swaps — 78 — — — 85 — — Foreign currency swaps (15 ) (77 ) — — (46 ) (81 ) — — Cash flow hedges Interest rate swaps 1 — 4 — 5 — 11 — Foreign currency swaps (23 ) (134 ) (14 ) (23 ) (62 ) (149 ) (36 ) (91 ) Derivatives not designated as hedges Interest rate contracts 89 — (7 ) — 79 — (2 ) — Foreign currency swaps — — (15 ) (5 ) — — (35 ) (92 ) Total $ (27 ) $ (133 ) $ (37 ) $ (28 ) $ (160 ) $ (145 ) $ (76 ) $ (183 ) _________________ (a) Total interest expense was $879 million and $838 million for the three months ended September 30, 2019 and 2018 and $2.8 billion and $2.4 billion for the nine months ended September 30, 2019 and 2018 . (b) Activity is offset by translation activity also recorded in operating expenses related to foreign currency-denominated loans. Total operating expenses were $384 million and $369 million for the three months ended September 30, 2019 and 2018 and $1.1 billion for both the nine months ended September 30, 2019 and 2018 . The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income: Gains (Losses) Recognized In Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Fair value hedges Foreign currency swaps $ (10 ) $ — $ (30 ) $ — Cash flow hedges Interest rate swaps (3 ) — (5 ) 5 Foreign currency swaps (127 ) (10 ) (198 ) (50 ) Total $ (140 ) $ (10 ) $ (233 ) $ (45 ) (Gains) Losses Reclassified From (a)(b) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Fair value hedges Foreign currency swaps $ 10 $ — $ 32 $ — Cash flow hedges Interest rate swaps (1 ) (2 ) (4 ) (5 ) Foreign currency swaps 119 13 160 69 Total $ 128 $ 11 $ 188 $ 64 _________________ (a) All amounts reclassified from accumulated other comprehensive loss were recorded to interest expense. (b) During the next twelve months, we estimate $(17) million will be reclassified into pretax earnings from derivatives designated for hedge accounting.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases Our lease obligations consist primarily of real estate office space. Certain leases contain escalation clauses and renewal options, and generally our leases have no residual value guarantees or material covenants. We exclude from our balance sheet leases with a term equal to one year or less and do not separate non-lease components from our real estate leases. Rent expense under operating leases was $10 million and $28 million for the three and nine months ended September 30, 2019 . Variable lease costs were insignificant for the three and nine months ended September 30, 2019 . At September 30, 2019 , operating lease right of use assets, included in other assets, were $135 million and operating lease liabilities, included in other liabilities, were $157 million . Operating lease right of use assets obtained in exchange for lease obligations were $30 million in the nine months ended September 30, 2019 . At September 30, 2019 , our undiscounted future lease obligations related to operating leases having initial terms in excess of one year were $7 million for the three months ending December 31, 2019 and $27 million , $26 million , $24 million , $20 million and $83 million for the years 2020 , 2021 , 2022 , 2023 and thereafter, with imputed interest of $30 million at September 30, 2019 . The weighted average discount rate was 4.5% and the weighted average remaining lease term was 8.0 years at September 30, 2019 . Lease agreements that have not yet commenced were insignificant at September 30, 2019. Guarantees of Indebtedness At September 30, 2019 and December 31, 2018 , we guaranteed $1.1 billion in aggregate principal amount of Euro Medium Term Notes issued by General Motors Financial International B.V., our former subsidiary, pursuant to our Euro Medium Term Note Programme. Subject to the terms and conditions of a letter agreement with BNP Paribas in connection with the sale of certain of our European operations, BNP Paribas will reimburse us for any amount that we may pay under any such guarantees. Legal Proceedings We are subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against us could take the form of class actions. The outcome of these proceedings is inherently uncertain, and thus we cannot confidently predict how or when proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm. We identify below the material proceedings in connection with which we believe a material loss is reasonably possible or probable. In accordance with the current accounting standards for loss contingencies, we establish reserves for legal matters when it is probable that a loss associated with the matter has been incurred and the amount of the loss can be reasonably estimated. The actual costs of resolving legal matters may be higher or lower than any amounts reserved for these matters. At September 30, 2019 , we estimated our reasonably possible legal exposure for unfavorable outcomes is up to $55 million , and we have accrued $19 million . In 2014 and 2015, we were served with investigative subpoenas from various state attorneys general and other governmental offices to produce documents and data relating to our automobile loan and lease business and securitization of loans and leases. We believe that we have cooperated fully with all reasonable requests for information. We are currently unable to estimate any reasonably possible loss or range of loss that may result from these investigations. Other Administrative Tax Matters We accrue non-income tax liabilities for contingencies when management believes that a loss is probable and the amounts can be reasonably estimated, while contingent gains are recognized only when realized. In the event any losses are sustained in excess of accruals, they will be charged against income at that time. In evaluating indirect tax matters, we take into consideration factors such as our historical experience with matters of similar nature, specific facts and circumstances, and the likelihood of prevailing. We reevaluate and update our accruals as matters progress over time. Where there is a reasonable possibility that losses exceeding amounts already recognized may be incurred, our estimate of the additional range of loss is up to $11 million at September 30, 2019 .

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Equity	Shareholders' Equity September 30, 2019 December 31, 2018 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 On October 24, 2019, our Board of Directors declared a $400 million dividend on our common stock, which was paid to General Motors Holdings LLC on October 25, 2019. September 30, 2019 December 31, 2018 Preferred Stock Number of shares authorized 250,000,000 250,000,000 Number of shares issued and outstanding Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock) 1,000,000 1,000,000 Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B (Series B Preferred Stock) 500,000 500,000 During the nine months ended September 30, 2019 , we paid dividends of $58 million to holders of record of our Series A Preferred Stock, and $33 million to holders of record of our Series B Preferred Stock. During the nine months ended September 30, 2018 , we paid dividends of $59 million to holders of record of our Series A Preferred Stock. On October 24, 2019, prior to the declaration of our common stock dividend, our Board of Directors declared a dividend of $28.75 per share, $29 million in the aggregate, on our Series A Preferred Stock, payable on March 30, 2020 to holders of record at March 15, 2020 and declared a dividend of $32.50 per share, $16 million in the aggregate, on our Series B Preferred Stock, payable on March 30, 2020 to holders of record at March 15, 2020. Accordingly, $45 million has been set aside for the payment of these dividends. The following table summarizes the significant components of accumulated other comprehensive loss: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Unrealized (loss) gain on hedges Beginning balance $ (24 ) $ 34 $ 9 $ 16 Change in value of hedges, net of tax (12 ) 1 (45 ) 19 Ending balance (36 ) 35 (36 ) 35 Defined benefit plans Beginning balance 1 1 1 1 Unrealized gain on subsidiary pension, net of tax — — — — Ending balance 1 1 1 1 Foreign currency translation adjustment Beginning balance (1,011 ) (971 ) (1,076 ) (785 ) Translation loss, net of tax (164 ) (35 ) (99 ) (221 ) Ending balance (1,175 ) (1,006 ) (1,175 ) (1,006 ) Total accumulated other comprehensive loss $ (1,210 ) $ (970 ) $ (1,210 ) $ (970 )

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim income tax reporting we estimate our annual effective tax rate and apply it to our year-to-date ordinary income. Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded from the annualized effective tax rate. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur. During the three months ended September 30, 2019 and 2018 , income tax expense of $195 million and $57 million primarily resulted from tax expense attributable to entities included in our effective tax rate calculation. During the nine months ended September 30, 2019 and 2018 , income tax expense of $416 million and $225 million primarily resulted from tax expense attributable to entities included in our effective tax rate calculation. The increase in income tax expense for the three and nine months ended September 30, 2019 is primarily due to a reduction in our electric vehicle tax credit in 2019 and a favorable impact from the U.S. tax reform in 2018. We are included in GM’s consolidated U.S. federal income tax return and for certain states’ income tax returns. Net operating losses and certain tax credits generated by us have been utilized by GM; however, income tax expense and deferred tax balances are presented in these financial statements as if we filed our own tax returns in each jurisdiction.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Our chief operating decision maker evaluates the operating results and performance of our business based on our North America and International Segments. The management of each segment is responsible for executing our strategies. Key operating data for our operating segments were as follows: Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 North International Total North International Total Total revenue $ 3,355 $ 304 $ 3,659 $ 3,217 $ 301 $ 3,518 Operating expenses 291 93 384 273 96 369 Leased vehicle expenses 1,557 17 1,574 1,668 9 1,677 Provision for loan losses 113 37 150 146 34 180 Interest expense 759 120 879 715 123 838 Equity income — 39 39 — 44 44 Income before income taxes $ 635 $ 76 $ 711 $ 415 $ 83 $ 498 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 North International Total North International Total Total revenue $ 9,993 $ 925 $ 10,918 $ 9,482 $ 935 $ 10,417 Operating expenses 848 283 1,131 820 296 1,116 Leased vehicle expenses 4,987 38 5,025 5,121 27 5,148 Provision for loan losses 394 110 504 333 111 444 Interest expense 2,413 365 2,778 1,997 376 2,373 Equity income — 126 126 — 141 141 Income before income taxes $ 1,351 $ 255 $ 1,606 $ 1,211 $ 266 $ 1,477 September 30, 2019 December 31, 2018 North International Total North International Total Finance receivables, net $ 47,983 $ 6,349 $ 54,332 $ 45,711 $ 6,801 $ 52,512 Leased vehicles, net $ 42,361 $ 166 $ 42,527 $ 43,396 $ 163 $ 43,559 Total assets $ 100,200 $ 9,161 $ 109,361 $ 100,176 $ 9,744 $ 109,920

Regulatory Capital and Other Re

Regulatory Capital and Other Regulatory Matters	9 Months Ended
	Sep. 30, 2019
Regulatory Capital and Other Regulatory Matters [Abstract]
Regulatory Capital and Other Regulatory Matters	Regulatory Capital and Other Regulatory Matters We are required to comply with a wide variety of laws and regulations. Certain of our entities operate in international markets as either banks or regulated finance companies that are subject to regulatory restrictions. These regulatory restrictions, among other things, require that certain of these entities meet minimum capital requirements and may restrict dividend distributions and ownership of certain assets. We were in compliance with all regulatory capital requirements as most recently reported. Total assets of our regulated international banks and finance companies were $7.2 billion and $7.9 billion at September 30, 2019 and December 31, 2018 .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements include our accounts and the accounts of our consolidated subsidiaries, including certain special purpose entities (SPEs) utilized in secured financing transactions, which are considered variable interest entities (VIEs). All intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements, including the notes thereto, are condensed and do not include all disclosures required by generally accepted accounting principles (GAAP) in the U.S. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that are included in our Annual Report on Form 10–K for the fiscal year ended December 31, 2018, as filed with the Securities and Exchange Commission (SEC) on February 6, 2019 (2018 Form 10–K). Except as otherwise specified, dollar amounts presented within tables are stated in millions. The condensed consolidated financial statements at September 30, 2019 , and for the three and nine months ended September 30, 2019 and 2018 , are unaudited and, in management’s opinion, include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations. The results for interim periods are not necessarily indicative of results for a full year. The condensed consolidated balance sheet at December 31, 2018 was derived from audited annual financial statements.
Segment Information	Segment Information We are the wholly-owned captive finance subsidiary of General Motors Company (GM). We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: North America (the North America Segment) and International (the International Segment). Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investments in joint ventures in China.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Effective January 1, 2019, we adopted ASU 2016-02, "Leases" (ASU 2016-02) using the optional transition method, resulting in the recognition of right of use assets of $129 million , included in other assets, and lease obligations of $144 million , included in other liabilities on our condensed consolidated balance sheet related to our existing operating leases at January 1, 2019. We elected to apply 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 finance leases and leases where we are lessor remained substantially unchanged. The application of ASU 2016-02 had no impact on our condensed consolidated statement of income or condensed consolidated statement of cash flows. The following table summarizes our minimum commitments under noncancelable operating leases having initial terms in excess of one year at December 31, 2018: Years Ending December 31, 2019 2020 2021 2022 2023 Thereafter Total Minimum commitments $ 27 $ 26 $ 25 $ 23 $ 19 $ 47 $ 167 Refer to Note 9 for information on our operating leases at September 30, 2019 . As lessor, we have investments in leased vehicles recorded as operating leases. Leased vehicles consist of automobiles leased to customers and are carried at amortized cost less unearned manufacturer subvention payments, which are received up front. Depreciation expense is recorded on a straight-line basis over the term of the lease agreement to the estimated residual value. Manufacturer subvention is earned on a straight-line basis as a reduction to depreciation expense. Generally, the lessee may purchase the leased vehicle at the maturity of the lease by paying the purchase price stated in the lease agreement, which equals the contract residual value determined at origination of the lease, plus any fees and all other amounts owed under the lease. If the lessee decides not to purchase the leased vehicle, the lessee must return it to a dealer by the lease's scheduled lease maturity date. Extensions may be granted to the lessee for up to six months. If the lessee extends the maturity date on their lease agreement, the lessee is responsible for additional monthly payments until the leased vehicle is returned or purchased. Since the lessee is not obligated to purchase the vehicle at the end of the contract, we are exposed to a risk of loss to the extent the customer returns the vehicle prior to or at the end of the lease term and the value of the vehicle is lower than the residual value estimated at inception of the lease. We estimate the expected residual value based on third-party data which considers various data points and assumptions including recent auction values, the expected future volume of returning leased vehicles, used vehicle prices, manufacturer incentive programs and fuel prices. Changes in the expected residual value result in increased or decreased depreciation of the leased asset over the remaining term of the lease. Upon disposition, a gain or loss is recorded for any difference between the carrying amount of the lease and the proceeds from the disposition of the asset, including any insurance proceeds. Under the accounting for impairment or disposal of long-lived assets, vehicles on operating leases are evaluated by asset group for impairment. We aggregate leased vehicles into asset groups based on make, year and model. When asset group indicators of impairment exist and aggregate future cash flows from the operating lease, including the expected realizable fair value of the leased assets at the end of the lease, are less than the carrying amount of the lease asset group, an immediate impairment write-down is recognized if the difference is deemed not recoverable. 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 plan to adopt ASU 2016-13 on January 1, 2020 on a modified retrospective basis. Estimated credit losses under CECL will 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. We are currently validating and refining our risk forecasting models, assumption review processes, corporate governance controls and accounting and financial reporting for our implementation of ASU 2016-13. Upon adoption, we expect to record an adjustment that will increase our allowance for credit losses between $700 million and $900 million , with an after-tax reduction to retained earnings between $500 million and $700 million . The amount of the adjustment is heavily dependent on the volume, credit mix and seasoning of our loan portfolio.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The following table summarizes our minimum commitments under noncancelable operating leases having initial terms in excess of one year at December 31, 2018: Years Ending December 31, 2019 2020 2021 2022 2023 Thereafter Total Minimum commitments $ 27 $ 26 $ 25 $ 23 $ 19 $ 47 $ 167

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following tables present related party transactions: Balance Sheet Data September 30, 2019 December 31, 2018 Commercial finance receivables, net due from dealers consolidated by GM (a) $ 502 $ 445 Finance receivables from GM subsidiaries (a) $ 70 $ 134 Subvention receivable (b) $ 692 $ 727 Commercial loan funding payable (c) $ 61 $ 61 Three Months Ended September 30, Nine Months Ended September 30, Income Statement Data 2019 2018 2019 2018 Interest subvention earned on retail finance receivables (d) $ 137 $ 125 $ 401 $ 359 Interest subvention earned on commercial finance receivables (d) $ 16 $ 17 $ 47 $ 50 Leased vehicle subvention earned (e) $ 814 $ 827 $ 2,467 $ 2,438 _________________ (a) Included in finance receivables, net. (b) Included in related party receivables. We received subvention payments from GM of $ 1.0 billion and $1.1 billion for the three months ended September 30, 2019 and 2018 and $3.1 billion and $2.8 billion for the nine months ended September 30, 2019 and 2018 . (c) Included in related party payables. (d) Included in finance charge income. (e) Included as a reduction to leased vehicle expenses.

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
	Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables, Net	September 30, 2019 December 31, 2018 Retail finance receivables Retail finance receivables, collectively evaluated for impairment, net of fees $ 39,577 $ 38,354 Retail finance receivables, individually evaluated for impairment, net of fees 2,390 2,348 Total retail finance receivables, net of fees (a) 41,967 40,702 Less: allowance for loan losses - collective (519 ) (523 ) Less: allowance for loan losses - specific (337 ) (321 ) Total retail finance receivables, net 41,111 39,858 Commercial finance receivables Commercial finance receivables, collectively evaluated for impairment, net of fees 13,258 12,680 Commercial finance receivables, individually evaluated for impairment, net of fees 40 41 Total commercial finance receivables, net of fees (b) 13,298 12,721 Less: allowance for loan losses - collective (66 ) (63 ) Less: allowance for loan losses - specific (11 ) (4 ) Total commercial finance receivables, net 13,221 12,654 Total finance receivables, net $ 54,332 $ 52,512 Fair value utilizing Level 2 inputs $ 13,221 $ 12,654 Fair value utilizing Level 3 inputs $ 41,627 $ 39,564 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs o f $72 million and $53 million at September 30, 2019 and December 31, 2018 . (b) Net of dealer cash management balances of $1.2 billion and $922 million at September 30, 2019 and December 31, 2018 .
Allowance for Credit Losses on Financing Receivables	A summary of the activity in the allowance for retail loan losses is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Allowance for retail loan losses beginning balance $ 881 $ 815 $ 844 $ 889 Provision for loan losses 149 176 492 434 Charge-offs (300 ) (285 ) (886 ) (878 ) Recoveries 133 130 410 398 Foreign currency translation (7 ) 3 (4 ) (4 ) Allowance for retail loan losses ending balance $ 856 $ 839 $ 856 $ 839
Past Due Financing Receivables	The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables, which is not significantly different than the recorded investment for such receivables: September 30, 2019 September 30, 2018 Amount Percent of Contractual Amount Due Amount Percent of Contractual Amount Due 31 - 60 days $ 1,252 3.0 % $ 1,302 3.4 % Greater than 60 days 514 1.2 498 1.3 Total finance receivables more than 30 days delinquent 1,766 4.2 1,800 4.7 In repossession 48 0.1 53 0.2 Total finance receivables more than 30 days delinquent or in repossession $ 1,814 4.3 % $ 1,853 4.9 %
Troubled Debt Restructurings on Financing Receivables	The outstanding recorded investment for retail finance receivables that are considered to be TDRs and the related allowance is presented below: September 30, 2019 December 31, 2018 Outstanding recorded investment $ 2,390 $ 2,348 Less: allowance for loan losses (337 ) (321 ) Outstanding recorded investment, net of allowance $ 2,053 $ 2,027 Unpaid principal balance $ 2,416 $ 2,379 Additional information about loans classified as TDRs is presented below: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Average outstanding recorded investment $ 2,372 $ 2,293 $ 2,369 $ 2,268 Finance charge income recognized $ 60 $ 59 $ 191 $ 185 Number of loans classified as TDRs during the period 19,074 17,924 53,013 51,020 Recorded investment of loans classified as TDRs during the period $ 343 $ 319 $ 969 $ 932
Financing Receivable Credit Quality Indicators for Commercial Lending	The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables: September 30, 2019 December 31, 2018 Amount Percent Amount Percent Group I - Dealers with superior financial metrics $ 1,924 14.5 % $ 2,192 17.2 % Group II - Dealers with strong financial metrics 5,398 40.6 4,500 35.4 Group III - Dealers with fair financial metrics 4,243 31.9 4,292 33.7 Group IV - Dealers with weak financial metrics 1,327 10.0 1,205 9.5 Group V - Dealers warranting special mention due to elevated risks 332 2.5 449 3.5 Group VI - Dealers with loans classified as substandard, doubtful or impaired 74 0.5 83 0.7 Balance at end of period $ 13,298 100.0 % $ 12,721 100.0 %

Leased Vehicles (Tables)

Leased Vehicles (Tables)	9 Months Ended
	Sep. 30, 2019
Property Subject to or Available for Operating Lease, Net [Abstract]
Summary of Leased Vehicles	September 30, 2019 December 31, 2018 Leased vehicles $ 63,589 $ 64,928 Manufacturer subvention (9,810 ) (9,934 ) Net capitalized cost 53,779 54,994 Less: accumulated depreciation (11,252 ) (11,435 ) Leased vehicles, net $ 42,527 $ 43,559
Schedule of Future Minimum Rental Payments Receivable For Operating Leases	The following table summarizes lease payments due to us as lessor under operating leases at September 30, 2019 : Years Ending December 31, 2019 2020 2021 2022 2023 Thereafter Total Lease payments under operating leases $ 1,852 $ 5,996 $ 3,471 $ 1,084 $ 79 $ 3 $ 12,485

Equity in Net Assets of Non-c_2

Equity in Net Assets of Non-consolidated Affiliates (Tables)	9 Months Ended
	Sep. 30, 2019
Noncontrolling Interest [Abstract]
Summarized Financial Data of Nonconsolidated Affiliates	The following table presents certain aggregated operating data of our joint ventures: Three Months Ended September 30, Nine Months Ended September 30, Summarized Operating Data 2019 2018 2019 2018 Finance charge income $ 330 $ 305 $ 1,024 $ 927 Income before income taxes $ 150 $ 168 $ 481 $ 537 Net income $ 113 $ 126 $ 361 $ 403

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt	September 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 2,109 $ 2,115 $ 3,410 $ 3,413 Securitization notes payable 36,920 37,150 39,425 39,422 Total secured debt 39,029 39,265 42,835 42,835 Unsecured debt Senior notes 45,117 45,965 42,611 42,015 Credit facilities 1,665 1,665 2,157 2,151 Other unsecured debt 3,317 3,324 3,385 3,390 Total unsecured debt 50,099 50,954 48,153 47,556 Total secured and unsecured debt $ 89,128 $ 90,219 $ 90,988 $ 90,391 Fair value utilizing Level 2 inputs $ 88,388 $ 88,305 Fair value utilizing Level 3 inputs $ 1,831 $ 2,086

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2019
Securitization and Credit Facility VIEs [Member]
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes the assets and liabilities related to our consolidated VIEs: September 30, 2019 December 31, 2018 Restricted cash (a) $ 2,584 $ 2,380 Finance receivables, net of fees $ 32,824 $ 32,626 Lease related assets $ 17,603 $ 21,781 Secured debt $ 38,902 $ 42,504 _______________ (a) Included in other assets.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The table below presents the gross amounts of fair value of our derivative instruments and the associated notional amounts: September 30, 2019 December 31, 2018 Notional Fair Value of Assets (a) Fair Value of Liabilities (a) Notional Fair Value of Assets (a) Fair Value of Liabilities (a) Derivatives designated as hedges Fair value hedges Interest rate swaps $ 10,702 $ 384 $ 4 $ 9,533 $ 42 $ 231 Foreign currency swaps 1,744 — 101 1,829 37 60 Cash flow hedges Interest rate swaps 553 1 5 768 8 — Foreign currency swaps 4,269 16 241 2,075 43 58 Derivatives not designated as hedges Interest rate contracts 86,848 302 384 99,666 372 520 Total (b) $ 104,116 $ 703 $ 735 $ 113,871 $ 502 $ 869 _________________ (a) The gross amounts of the fair value of our assets and liabilities are included in other assets and other liabilities, respectively. 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. All our derivatives are categorized within Level 2 of the fair value hierarchy. 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. (b) We primarily enter into derivative instruments through AmeriCredit Financial Services, Inc. (AFSI); however, our SPEs may also be parties to derivative instruments. Agreements between AFSI and its derivative counterparties include rights of setoff for positions with offsetting values or for collateral held or posted. At September 30, 2019 and December 31, 2018 , the fair value of assets and liabilities available for offset was $383 million and $320 million . At September 30, 2019 and December 31, 2018 , we held $258 million and $30 million of collateral from counterparties which is available for netting against our asset positions. At September 30, 2019 and December 31, 2018 , we posted $129 million and $451 million of collateral to counterparties which is available for netting against our liability positions.
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following amounts were recorded in the condensed consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships: Carrying Amount of Cumulative Amount of Fair Value (a) September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Unsecured debt $ 20,453 $ 17,923 $ (135 ) $ 459 _________________ (a) Includes $131 million and $247 million at September 30, 2019 and December 31, 2018 of amortization remaining on hedged items for which hedge accounting has been discontinued.
Effect of Derivative Instruments on the Condensed Consolidated Statements of Income	The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of income: Income (Losses) Recognized In Income Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ (159 ) $ — $ 68 $ — $ (682 ) $ — $ 345 $ — Interest rate swaps 80 — (73 ) — 546 — (359 ) — Hedged items - foreign currency swaps — 78 — — — 85 — — Foreign currency swaps (15 ) (77 ) — — (46 ) (81 ) — — Cash flow hedges Interest rate swaps 1 — 4 — 5 — 11 — Foreign currency swaps (23 ) (134 ) (14 ) (23 ) (62 ) (149 ) (36 ) (91 ) Derivatives not designated as hedges Interest rate contracts 89 — (7 ) — 79 — (2 ) — Foreign currency swaps — — (15 ) (5 ) — — (35 ) (92 ) Total $ (27 ) $ (133 ) $ (37 ) $ (28 ) $ (160 ) $ (145 ) $ (76 ) $ (183 ) _________________ (a) Total interest expense was $879 million and $838 million for the three months ended September 30, 2019 and 2018 and $2.8 billion and $2.4 billion for the nine months ended September 30, 2019 and 2018 . (b) Activity is offset by translation activity also recorded in operating expenses related to foreign currency-denominated loans. Total operating expenses were $384 million and $369 million for the three months ended September 30, 2019 and 2018 and $1.1 billion for both the nine months ended September 30, 2019 and 2018 . The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income: Gains (Losses) Recognized In Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Fair value hedges Foreign currency swaps $ (10 ) $ — $ (30 ) $ — Cash flow hedges Interest rate swaps (3 ) — (5 ) 5 Foreign currency swaps (127 ) (10 ) (198 ) (50 ) Total $ (140 ) $ (10 ) $ (233 ) $ (45 ) (Gains) Losses Reclassified From (a)(b) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Fair value hedges Foreign currency swaps $ 10 $ — $ 32 $ — Cash flow hedges Interest rate swaps (1 ) (2 ) (4 ) (5 ) Foreign currency swaps 119 13 160 69 Total $ 128 $ 11 $ 188 $ 64 _________________ (a) All amounts reclassified from accumulated other comprehensive loss were recorded to interest expense. (b) During the next twelve months, we estimate $(17) million will be reclassified into pretax earnings from derivatives designated for hedge accounting.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Summary of Common and Preferred Stock	September 30, 2019 December 31, 2018 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 On October 24, 2019, our Board of Directors declared a $400 million dividend on our common stock, which was paid to General Motors Holdings LLC on October 25, 2019. September 30, 2019 December 31, 2018 Preferred Stock Number of shares authorized 250,000,000 250,000,000 Number of shares issued and outstanding Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock) 1,000,000 1,000,000 Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B (Series B Preferred Stock) 500,000 500,000
Schedule of Accumulated Other Comprehensive Loss	The following table summarizes the significant components of accumulated other comprehensive loss: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Unrealized (loss) gain on hedges Beginning balance $ (24 ) $ 34 $ 9 $ 16 Change in value of hedges, net of tax (12 ) 1 (45 ) 19 Ending balance (36 ) 35 (36 ) 35 Defined benefit plans Beginning balance 1 1 1 1 Unrealized gain on subsidiary pension, net of tax — — — — Ending balance 1 1 1 1 Foreign currency translation adjustment Beginning balance (1,011 ) (971 ) (1,076 ) (785 ) Translation loss, net of tax (164 ) (35 ) (99 ) (221 ) Ending balance (1,175 ) (1,006 ) (1,175 ) (1,006 ) Total accumulated other comprehensive loss $ (1,210 ) $ (970 ) $ (1,210 ) $ (970 )

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Key operating data for our operating segments were as follows: Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 North International Total North International Total Total revenue $ 3,355 $ 304 $ 3,659 $ 3,217 $ 301 $ 3,518 Operating expenses 291 93 384 273 96 369 Leased vehicle expenses 1,557 17 1,574 1,668 9 1,677 Provision for loan losses 113 37 150 146 34 180 Interest expense 759 120 879 715 123 838 Equity income — 39 39 — 44 44 Income before income taxes $ 635 $ 76 $ 711 $ 415 $ 83 $ 498 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 North International Total North International Total Total revenue $ 9,993 $ 925 $ 10,918 $ 9,482 $ 935 $ 10,417 Operating expenses 848 283 1,131 820 296 1,116 Leased vehicle expenses 4,987 38 5,025 5,121 27 5,148 Provision for loan losses 394 110 504 333 111 444 Interest expense 2,413 365 2,778 1,997 376 2,373 Equity income — 126 126 — 141 141 Income before income taxes $ 1,351 $ 255 $ 1,606 $ 1,211 $ 266 $ 1,477 September 30, 2019 December 31, 2018 North International Total North International Total Finance receivables, net $ 47,983 $ 6,349 $ 54,332 $ 45,711 $ 6,801 $ 52,512 Leased vehicles, net $ 42,361 $ 166 $ 42,527 $ 43,396 $ 163 $ 43,559 Total assets $ 100,200 $ 9,161 $ 109,361 $ 100,176 $ 9,744 $ 109,920

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	Jan. 01, 2020USD ($)	Jan. 01, 2019USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2019segment
Accounting Policies [Abstract]
Number of operating segments | segment				2
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standards			$ 40
Right-of-Use Assets [Member] | Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standards		$ 129
Lease Obligations [Member] | Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standards		$ 144
Forecast [Member] | Minimum [Member] | Allowance For Credit Losses [Member] | Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standards	$ 700
Forecast [Member] | Minimum [Member] | Retained Earnings [Member] | Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standards	500
Forecast [Member] | Maximum [Member] | Allowance For Credit Losses [Member] | Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standards	900
Forecast [Member] | Maximum [Member] | Retained Earnings [Member] | Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standards	$ 700

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Noncancelable Operating Lease (Details) $ in Millions	Dec. 31, 2018USD ($)
Accounting Policies [Abstract]
2019	$ 27
2020	26
2021	25
2022	23
2023	19
Thereafter	47
Total	$ 167

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Subvention receivable	$ 692		$ 692		$ 727
Leased vehicle subvention earned	814	$ 827	2,467	$ 2,438
Affiliated Entity [Member] | Retail Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	70		70		134
Interest subvention earned	137	125	401	359
Affiliated Entity [Member] | Commercial Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	502		502		445
Commercial loan funding payable	61		61		$ 61
Interest subvention earned	16	17	47	50
Parent Company [Member]
Related Party Transaction [Line Items]
Revenue from related parties	$ 1,000	$ 1,100	$ 3,100	$ 2,800

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	1 Months Ended	9 Months Ended		12 Months Ended
	Apr. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Tax expense due to related party		$ 4,000,000		$ 0
Junior Subordinated Revolving Credit Facility [Member] | General Motors [Member]
Related Party Transaction [Line Items]
Line of credit facilities - GM Related party facility		1,000,000,000
Line of Credit [Member] | Three Hundred and Sixty-Four Day Revolving Credit Facilities [Member] | General Motors [Member]
Related Party Transaction [Line Items]
Debt instrument term	364 days
Maximum borrowing capacity	$ 2,000,000,000
Debt instrument renewal term	364 days
Purchase of Retail Finance Receivables [Member] | Parent Company [Member]
Related Party Transaction [Line Items]
Related party purchases		$ 689,000,000	$ 371,000,000

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Retail Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual of finance charge income	$ 853	$ 888

Finance Receivables - Finance R

Finance Receivables - Finance Receivables, net (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net	$ 54,332	$ 52,512
Level 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	13,221	12,654
Level 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	41,627	39,564
Commercial Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables	13,298	12,721
Automobile Loan [Member] | Retail Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment, net of fees	39,577	38,354
Individually evaluated for impairment, net of fees	2,390	2,348
Total finance receivables	41,967	40,702
Less: allowance for loan losses - collective	(519)	(523)
Less: allowance for loan losses - specific	(337)	(321)
Total finance receivables, net	41,111	39,858
Deferred income	72	53
Automobile Loan [Member] | Commercial Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment, net of fees	13,258	12,680
Individually evaluated for impairment, net of fees	40	41
Total finance receivables	13,298	12,721
Less: allowance for loan losses - collective	(66)	(63)
Less: allowance for loan losses - specific	(11)	(4)
Total finance receivables, net	13,221	12,654
Dealer cash management balances	$ 1,200	$ 922

Finance Receivables - Allowance

Finance Receivables - Allowance for Loan Losses (Details) - Retail Finance Receivables [Member] - Automobile Loan [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	$ 881	$ 815	$ 844	$ 889
Provision for loan losses	149	176	492	434
Charge-offs	(300)	(285)	(886)	(878)
Recoveries	133	130	410	398
Foreign currency translation	(7)	3	(4)	(4)
Allowance for retail loan losses ending balance	$ 856	$ 839	$ 856	$ 839

Finance Receivables - Delinquen

Finance Receivables - Delinquency (Details) - Retail Finance Receivables [Member] - Automobile Loan [Member] - USD ($) $ in Millions	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Past Due [Line Items]
Financing receivable past due	$ 1,766	$ 1,800
Financing receivable past due (percent)	4.20%	4.70%
In repossession	$ 48	$ 53
In repossession (percent)	0.10%	0.20%
Total finance receivables more than 30 days delinquent or in repossession	$ 1,814	$ 1,853
Total finance receivables more than 30 days delinquent or in repossession (percent)	4.30%	4.90%
31 to 60 Days [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable past due	$ 1,252	$ 1,302
Financing receivable past due (percent)	3.00%	3.40%
Greater Than 60 Days [Member]
Financing Receivable, Past Due [Line Items]
Financing receivable past due	$ 514	$ 498
Financing receivable past due (percent)	1.20%	1.30%

Finance Receivables - Troubled

Finance Receivables - Troubled Debt Restructurings (Details) - Retail Finance Receivables [Member] - Automobile Loan [Member] $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Dec. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding recorded investment	$ 2,390		$ 2,390		$ 2,348
Less: allowance for loan losses	(337)		(337)		(321)
Outstanding recorded investment, net of allowance	2,053		2,053		2,027
Unpaid principal balance	2,416		2,416		$ 2,379
Average outstanding recorded investment	2,372	$ 2,293	2,369	$ 2,268
Finance charge income recognized	$ 60	$ 59	$ 191	$ 185
Number of loans classified as TDRs during the period | loan	19,074	17,924	53,013	51,020
Recorded investment of loans classified as TDRs during the period	$ 343	$ 319	$ 969	$ 932

Finance Receivables - Credit Ri

Finance Receivables - Credit Risk Profile by Dealer (Details) - Commercial Finance Receivables [Member] - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 13,298	$ 12,721
Percent of portfolio	100.00%	100.00%
Group I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 1,924	$ 2,192
Percent of portfolio	14.50%	17.20%
Group II [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 5,398	$ 4,500
Percent of portfolio	40.60%	35.40%
Group III [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 4,243	$ 4,292
Percent of portfolio	31.90%	33.70%
Group IV [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 1,327	$ 1,205
Percent of portfolio	10.00%	9.50%
Group V [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 332	$ 449
Percent of portfolio	2.50%	3.50%
Group VI [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 74	$ 83
Percent of portfolio	0.50%	0.70%

Leased Vehicles - Summary of Le

Leased Vehicles - Summary of Leased Vehicles (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Property Subject to or Available for Operating Lease, Net [Abstract]
Leased vehicles	$ 63,589	$ 64,928
Manufacturer subvention	(9,810)	(9,934)
Net capitalized cost	53,779	54,994
Less: accumulated depreciation	(11,252)	(11,435)
Leased vehicles, net	$ 42,527	$ 43,559

Leased Vehicles - Minimum Renta

Leased Vehicles - Minimum Rental Payments (Details) $ in Millions	Sep. 30, 2019USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
2019	$ 1,852
2020	5,996
2021	3,471
2022	1,084
2023	79
Thereafter	3
Total	$ 12,485

Restricted Cash (Details)

Restricted Cash (Details) $ in Millions	Sep. 30, 2019USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash included in other assets	$ 2,760

Equity in Net Assets of Non-c_3

Equity in Net Assets of Non-consolidated Affiliates (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Noncontrolling Interest [Line Items]
Net income	$ 39	$ 44	$ 126	$ 141
SAIC-GMAC [Member]
Noncontrolling Interest [Line Items]
Cash dividends	140
SAIC-GMAC [Member]
Noncontrolling Interest [Line Items]
Cash dividends to be received	49
Joint Ventures [Member]
Noncontrolling Interest [Line Items]
Finance charge income	330	305	1,024	927
Income before income taxes	150	168	481	537
Net income	113	$ 126	361	$ 403
Undistributed earnings	$ 575		$ 575		$ 498

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Short Term and Long Term Debt [Line Items]
Secured debt	$ 39,029	$ 42,835
Unsecured debt	50,099	48,153
Total secured and unsecured debt	89,128	90,988
Secured debt fair value	39,265	42,835
Unsecured debt fair value	50,954	47,556
Fair value of Secured and Unsecured debt	90,219	90,391
Level 2 [Member]
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	88,388	88,305
Level 3 [Member]
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	1,831	2,086
Revolving Credit Facility [Member]
Short Term and Long Term Debt [Line Items]
Secured debt	2,109	3,410
Unsecured debt	1,665	2,157
Secured debt fair value	2,115	3,413
Unsecured debt fair value	1,665	2,151
Securitization Notes Payable [Member]
Short Term and Long Term Debt [Line Items]
Secured debt	36,920	39,425
Secured debt fair value	37,150	39,422
Senior Notes [Member]
Short Term and Long Term Debt [Line Items]
Unsecured debt	45,117	42,611
Unsecured debt fair value	45,965	42,015
Other Unsecured Debt [Member]
Short Term and Long Term Debt [Line Items]
Unsecured debt	3,317	3,385
Unsecured debt fair value	$ 3,324	$ 3,390

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Secured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Increase to borrowing capacity	$ 225,000,000
Secured Debt [Member] | Securitization Notes Payable with Maturity Dates from 2022 to 2026 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 14,200,000,000
Weighted average interest rate	2.83%
Unsecured Senior Notes [Member] | Senior Notes with Maturity Dates from 2021 to 2029 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 6,500,000,000
Weighted average interest rate	3.65%
Unsecured Debt [Member] | Commercial Paper [Member]
Debt Instrument [Line Items]
Principal amount outstanding	$ 1,000,000,000	$ 1,200,000,000

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Restricted cash	$ 2,760
Finance receivables, net of fees	54,332	$ 52,512
Lease related assets	42,527	43,559
Securitization and Credit Facility VIEs [Member]
Variable Interest Entity [Line Items]
Restricted cash	2,584	2,380
Finance receivables, net of fees	32,824	32,626
Lease related assets	17,603	21,781
Secured debt	$ 38,902	$ 42,504

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Fair value of assets (liabilities) available for offset	$ 383	$ 320
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	104,116	113,871
Derivative asset, Fair value	703	502
Collateral available for netting against liability positions	129	451
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	735	869
Cash held for netting against asset positions	258	30
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Other Assets [Member] | Interest Rate Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	10,702	9,533
Derivative asset, Fair value	384	42
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Other Assets [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	1,744	1,829
Derivative asset, Fair value	0	37
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Other Liabilities [Member] | Interest Rate Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	4	231
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Other Liabilities [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	101	60
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Assets [Member] | Interest Rate Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	553	768
Derivative asset, Fair value	1	8
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Assets [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	4,269	2,075
Derivative asset, Fair value	16	43
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member] | Interest Rate Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	5	0
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	241	58
Not Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest Rate Contracts [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	86,848	99,666
Derivative asset, Fair value	302	372
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest Rate Contracts [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	$ 384	$ 520

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Balance Sheet (Details) - Designated as Hedging Instrument [Member] - Fair Value Hedging [Member] - Unsecured Debt [Member] - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Items	$ 20,453	$ 17,923
Cumulative Amount of Fair Value Hedging Adjustments	(135)	459
Discontinued hedge cumulative amount of fair value hedging adjustments	$ 131	$ 247

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Income (Losses) Recognized in Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivatives, Fair Value [Line Items]
Interest expense	$ 879	$ 838	$ 2,778	$ 2,373
Operating expenses	384	369	1,131	1,116
AOCI Attributable to Parent [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(140)	(10)	(233)	(45)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	128	11	188	64
Fair Value Hedging [Member] | Foreign Currency Translation Adjustment [Member] | Foreign Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(10)	0	(30)	0
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	10	0	32	0
Cash Flow Hedging [Member] | Foreign Currency Translation Adjustment [Member] | Foreign Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(127)	(10)	(198)	(50)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	119	13	160	69
Cash Flow Hedging [Member] | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(3)	0	(5)	5
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	(1)	(2)	(4)	(5)
Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Total	(27)	(37)	(160)	(76)
Operating Expense [Member]
Derivatives, Fair Value [Line Items]
Total	(133)	(28)	(145)	(183)
Designated as Hedging Instrument [Member] | Foreign Currency Translation Adjustment [Member]
Derivatives, Fair Value [Line Items]
Gain (loss) to be reclassified in next twelve months			(17)
Designated as Hedging Instrument [Member] | Interest Expense [Member] | Fair Value Hedging [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Hedged items	(159)	68	(682)	345
Interest rate swaps and Foreign currency swaps	80	(73)	546	(359)
Designated as Hedging Instrument [Member] | Interest Expense [Member] | Fair Value Hedging [Member] | Foreign Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0	0
Interest rate swaps and Foreign currency swaps	(15)	0	(46)	0
Designated as Hedging Instrument [Member] | Interest Expense [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	1	4	5	11
Designated as Hedging Instrument [Member] | Interest Expense [Member] | Cash Flow Hedging [Member] | Foreign Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	(23)	(14)	(62)	(36)
Designated as Hedging Instrument [Member] | Operating Expense [Member] | Fair Value Hedging [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0	0
Interest rate swaps and Foreign currency swaps	0	0	0	0
Designated as Hedging Instrument [Member] | Operating Expense [Member] | Fair Value Hedging [Member] | Foreign Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Hedged items	78	0	85	0
Interest rate swaps and Foreign currency swaps	(77)	0	(81)	0
Designated as Hedging Instrument [Member] | Operating Expense [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	0	0	0	0
Designated as Hedging Instrument [Member] | Operating Expense [Member] | Cash Flow Hedging [Member] | Foreign Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	(134)	(23)	(149)	(91)
Not Designated as Hedging Instrument [Member] | Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts	89	(7)	79	(2)
Foreign currency swaps	0	(15)	0	(35)
Not Designated as Hedging Instrument [Member] | Operating Expense [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts	0	0	0	0
Foreign currency swaps	$ 0	$ (5)	$ 0	$ (92)

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Commitment and Contingencies [Line Items]
Rent expense	$ 10	$ 28
Operating lease right of use assets obtained in exchange for lease obligations		30
Operating lease payments for the remainder of 2019	7	7
2020	27	27
2021	26	26
2022	24	24
2023	20	20
Thereafter	$ 83	$ 83
Weighted average discount rate	4.50%	4.50%
Weighted average remaining lease term	8 years	8 years
Imputed interest	$ 30	$ 30
Estimate of possible loss	55	55
Loss accrual	19	19
Indirect tax contingency	11	11
Parent Company [Member] | Euro Medium Term Notes [Member] | Senior Notes [Member]
Commitment and Contingencies [Line Items]
Debt instrument, face amount	1,100	1,100	$ 1,100
Other Assets [Member]
Commitment and Contingencies [Line Items]
Operating lease right-of-use assets	135	135
Other Liabilities [Member]
Commitment and Contingencies [Line Items]
Operating lease liabilities	$ 157	$ 157

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 24, 2019	Sep. 30, 2019	Sep. 30, 2018
Class of Stock [Line Items]
Cash set aside to pay dividends		$ 2,760
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock dividends	$ 400
Dividend Declared [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Cash set aside to pay dividends	45
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends paid		58	$ 59
Series A Preferred Stock [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Preferred stock dividends paid	$ 29
Preferred stock dividends declared (in usd per share)	$ 28.75
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends paid		$ 33
Series B Preferred Stock [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Preferred stock dividends paid	$ 16
Preferred stock dividends declared (in usd per share)	$ 32.5

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Common and Preferred Stock (Details) - shares	Sep. 30, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Common stock shares authorized	10,000,000	10,000,000
Common stock shares issued	5,050,000	5,050,000
Common stock shares outstanding	5,050,000	5,050,000
Preferred stock shares authorized	250,000,000	250,000,000
Fixed-to-Floating Rate Cumulative Preferred Stock Series A [Member]
Class of Stock [Line Items]
Preferred stock shares issued	1,000,000	1,000,000
Preferred stock shares outstanding	1,000,000	1,000,000
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B [Member]
Class of Stock [Line Items]
Preferred stock shares issued	500,000	500,000
Preferred stock shares outstanding	500,000	500,000

Shareholders' Equity - Accumula

Shareholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	$ 12,385	$ 10,976	$ 11,659	$ 10,294
Other comprehensive (loss) income, net of tax	(176)	(34)	(144)	(202)
Balance at end of period	12,688	11,852	12,688	11,852
AOCI Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,034)	(936)	(1,066)	(768)
Balance at end of period	(1,210)	(970)	(1,210)	(970)
Unrealized Gain (Loss) on Hedges [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(24)	34	9	16
Other comprehensive (loss) income, net of tax	(12)	1	(45)	19
Balance at end of period	(36)	35	(36)	35
Defined Benefit Plans [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	1	1	1	1
Other comprehensive (loss) income, net of tax	0	0	0	0
Balance at end of period	1	1	1	1
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,011)	(971)	(1,076)	(785)
Other comprehensive (loss) income, net of tax	(164)	(35)	(99)	(221)
Balance at end of period	$ (1,175)	$ (1,006)	$ (1,175)	$ (1,006)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ 195	$ 57	$ 416	$ 225

Segment Reporting - Revenue (De

Segment Reporting - Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 3,659	$ 3,518	$ 10,918	$ 10,417
Operating expenses	384	369	1,131	1,116
Leased vehicle expenses	1,574	1,677	5,025	5,148
Provision for loan losses	150	180	504	444
Interest expense	879	838	2,778	2,373
Equity income	39	44	126	141
Income before income taxes	711	498	1,606	1,477
North America Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	3,355	3,217	9,993	9,482
Operating expenses	291	273	848	820
Leased vehicle expenses	1,557	1,668	4,987	5,121
Provision for loan losses	113	146	394	333
Interest expense	759	715	2,413	1,997
Equity income	0	0	0	0
Income before income taxes	635	415	1,351	1,211
International Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	304	301	925	935
Operating expenses	93	96	283	296
Leased vehicle expenses	17	9	38	27
Provision for loan losses	37	34	110	111
Interest expense	120	123	365	376
Equity income	39	44	126	141
Income before income taxes	$ 76	$ 83	$ 255	$ 266

Segment Reporting - Assets (Det

Segment Reporting - Assets (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Finance receivables, net	$ 54,332	$ 52,512
Leased vehicles, net	42,527	43,559
Total assets	109,361	109,920
North America Segment [Member]
Segment Reporting Information [Line Items]
Finance receivables, net	47,983	45,711
Leased vehicles, net	42,361	43,396
Total assets	100,200	100,176
International Segment [Member]
Segment Reporting Information [Line Items]
Finance receivables, net	6,349	6,801
Leased vehicles, net	166	163
Total assets	$ 9,161	$ 9,744

Regulatory Capital and Other _2

Regulatory Capital and Other Regulatory Matters (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 109,361	$ 109,920
International Regulated Bank And Finance Companies [Member]
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 7,200	$ 7,900