General Motors Financial (ACF) 10-Q6 May 202020 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2020	May 05, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	General Motors Financial Company, Inc.
Entity Central Index Key	0000804269
Current Fiscal Year End Date	--12-31
Entity Interactive Data Current	Yes
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	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 11,632	$ 3,311
Finance receivables, net (Note 3; Note 8 VIEs)	52,820	53,473
Goodwill (Note 5)	1,168	1,185
Equity in net assets of non-consolidated affiliates (Note 6)	1,437	1,455
Related party receivables (Note 2)	670	678
Other assets (Note 8 VIEs)	6,526	7,060
Total assets	115,549	109,217
Liabilities
Secured debt (Note 7; Note 8 VIEs)	46,170	39,959
Unsecured debt (Note 7)	50,019	48,979
Deferred income	3,480	3,648
Related party payables (Note 2)	51	82
Other liabilities	4,513	3,823
Total liabilities	104,233	96,491
Commitments and contingencies (Note 10)
Shareholders' equity (Note 11)
Common stock, $0.0001 par value per share	0	0
Preferred stock, $0.01 par value per share	0	0
Additional paid-in capital	8,110	8,101
Accumulated other comprehensive loss	(1,662)	(1,119)
Retained earnings	4,868	5,744
Total shareholders' equity	11,316	12,726
Total liabilities and shareholders' equity	115,549	109,217
Assets Leased to Others [Member]
Assets
Leased vehicles, net (Note 4; Note 8 VIEs)	$ 41,296	$ 42,055

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [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
	Mar. 31, 2020	Mar. 31, 2019
Revenue
Finance charge income	$ 1,006	$ 987
Leased vehicle income	2,463	2,509
Other income	92	124
Total revenue	3,561	3,620
Costs and expenses
Operating expenses	358	370
Leased vehicle expenses	1,697	1,814
Provision for loan losses (Note 3)	466	175
Interest expense	835	947
Total costs and expenses	3,356	3,306
Equity income (Note 6)	25	45
Income before income taxes	230	359
Income tax provision (Note 12)	63	88
Net income	167	271
Less: cumulative dividends on preferred stock	23	23
Net income attributable to common shareholder	$ 144	$ 248

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 167	$ 271
Other comprehensive (loss) income, net of tax (Note 11)
Unrealized loss on hedges, net of income tax benefit of $39, $5	(117)	(15)
Foreign currency translation adjustment	(426)	57
Other comprehensive (loss) income, net of tax	(543)	42
Comprehensive (loss) income	$ (376)	$ 313

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Change in value of cash flow hedges, tax (benefit)	$ (39)	$ (5)

Condensed Consolidated Statem_4

Condensed 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, 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard (Note 1)	(643)
Balance at beginning of period at Dec. 31, 2019	12,726	0	0	8,101	(1,119)	5,744
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	167					167
Other comprehensive income (loss)	(543)				(543)
Stock based compensation	9			9
Dividends paid (Note 11)	(400)					(400)
Balance at end of period at Mar. 31, 2020	$ 11,316	$ 0	$ 0	$ 8,110	$ (1,662)	$ 4,868

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 2,213	$ 2,143
Cash flows from investing activities
Purchases of retail finance receivables, net	(6,435)	(7,222)
Principal collections and recoveries on retail finance receivables	4,890	5,990
Net (funding) collections of commercial finance receivables	(505)	380
Purchases of leased vehicles, net	(3,733)	(3,747)
Proceeds from termination of leased vehicles	3,088	3,059
Other investing activities	(15)	(16)
Net cash used in investing activities	(2,710)	(1,556)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	13	479
Borrowings and issuances of secured debt	16,259	6,530
Payments on secured debt	(9,616)	(7,789)
Borrowings and issuances of unsecured debt	3,243	4,544
Payments on unsecured debt	(1,644)	(2,893)
Debt issuance costs	(28)	(34)
Dividends paid	(445)	(46)
Net cash provided by financing activities	7,782	791
Net increase in cash, cash equivalents and restricted cash	7,285	1,378
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(159)	8
Cash, cash equivalents and restricted cash at beginning of period	7,102	7,443
Cash, cash equivalents and restricted cash at end of period	14,228	8,829
Supplemental Cash Flow Elements [Abstract]
Total	$ 14,228	$ 8,829

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2020
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, 2019, as filed with the Securities and Exchange Commission (SEC) on February 5, 2020 (2019 Form 10-K). Except as otherwise specified, dollar amounts presented within tables are stated in millions. The condensed consolidated financial statements at March 31, 2020 , and for the three months ended March 31, 2020 and 2019 , 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, 2019 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 the Asia/Pacific region. Recently Adopted Accounting Standards Effective January 1, 2020, we adopted Accounting Standards Update (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. Estimated credit losses under CECL consider relevant information about past events, current conditions and reasonable and supportable forecasts that affect the collectability of finance receivables, resulting in recognition of lifetime expected credit losses upon origination of the related finance receivable. We adopted ASU 2016-13 on a modified retrospective basis on January 1, 2020 by recognizing an after-tax cumulative-effect adjustment to the opening balance of retained earnings of $643 million . The application of ASU 2016-13 increased our allowance for loan losses by $801 million . The following updates to our accounting policies became effective upon the adoption of ASU 2016-13. Retail Finance Receivables and the Allowance for Loan Losses Our retail finance receivables portfolio consists of smaller-balance, homogeneous loans that are carried at amortized cost, net of allowance for loan losses. These loans are divided among pools based on common risk characteristics, such as internal credit score, origination period (vintage) and geography. An internal credit score, of which FICO is an input in North America, is created by using algorithms or statistical models contained in origination scorecards. The scorecards are used to evaluate a consumer’s ability to pay based on statistical modeling of his or her prior credit usage, structure of the loan and other information. The output of the scorecards rank-orders consumers from those that are least likely to default to those that are most likely to default. By further dividing the portfolio into pools based on internal credit scores, we are better able to distinguish expected credit performance for different credit risks. The allowance is aggregated for each of the pools. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses on our retail finance receivables portfolio. We use static pool modeling techniques to determine the allowance for loan losses expected over the remaining life of the receivables, which is supplemented by management judgment. We assess the recent internal operating and external environments and may qualitatively adjust certain assumptions to result in an allowance that is more reflective of losses that are expected to occur in the forecast environment. Expected losses are estimated for groups of accounts aggregated by internal credit score and monthly vintage. Generally, the expected losses are projected based on historical loss experience over the last ten years, more heavily weighted toward recent performance when determining the allowance to result in an estimate that is more reflective of the current internal and external environments. We consider forecast economic conditions over a reasonable and supportable forecast period. We determine the expected remaining life of the finance receivables to be a reasonable and supportable forecast horizon, primarily due to the relatively short weighted average life of retail finance receivables. We determined the economic factors that have the largest impact on expected losses include unemployment rates, interest rate spreads, disposable personal income, and growth rates in gross domestic products. We use forecasts for our chosen factors provided by a leading economic research firm. We compare the forecasts to consensus forecasts to assess for reasonableness and may use one or more forecast scenarios provided by the research firm. Troubled debt restructurings (TDRs) are grouped separately for purposes of measuring the allowance. The allowance for TDRs uses static pool modeling techniques, similar to non-TDR retail finance receivables, to determine the expected loss amount. The expected cash flows of the receivables are then discounted at the original weighted average effective interest rate of the pool. Factors considered when estimating the TDR allowance are based on an evaluation of historical and current information, and may be supplemented by management judgment. While we expect certain of our finance receivables to become TDRs, there is typically no delay between the point at which we become aware that a receivable is expected to become a TDR and when the receivable actually qualifies as a TDR. Therefore, our TDR portfolio does not include any receivables that are expected to become TDRs. We believe these factors are relevant in estimating expected losses and also consider an evaluation of overall portfolio credit quality based on indicators such as changes in our credit evaluation, underwriting and collection management policies, changes in the legal and regulatory environment, general economic conditions and business trends and uncertainties in forecasting and modeling techniques used in estimating our allowance. We update our retail loss forecast models and portfolio indicators on a quarterly basis to incorporate information reflective of the current and forecast economic environments. Assumptions regarding credit losses are reviewed periodically and may be impacted by actual performance of finance receivables and changes in any of the factors discussed above. Should the credit loss assumptions increase, there would be an increase in the amount of allowance for loan losses required, which would decrease the net carrying value of finance receivables and increase the amount of provision for loan losses. Commercial Finance Receivables and the Allowance for Loan Losses Our commercial lending offerings consist of floorplan financing as well as dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, and to purchase and/or finance dealership real estate. Commercial finance receivables are carried at amortized cost, net of allowance for loan losses and any amounts received under a cash management program. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses in the commercial finance receivables portfolio. We establish the allowance for loan losses based on historical loss experience, as well as the forecast for industry vehicle sales, which is the economic indicator that we believe has the largest impact on expected losses. The commercial finance receivables are aggregated into loan-risk pools, which are determined based on our internally-developed risk rating system. Dealer’s financial and operating metrics are regularly scored and further evaluated to derive a risk rating. Based on dealer risk ratings, we establish probability of default and loss given default, and also determine if any specific dealer loan requires additional reserves. Accounting Standards Not Yet Adopted In March 2020, the Financial Standards Board issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (ASU 2020-04), which provides optional expedients and exceptions for applying U.S. GAAP if certain criteria are met to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued. ASU 2020-04 became effective March 12, 2020 and may be applied prospectively through December 31, 2022. A substantial portion of our indebtedness bears interest at variable interest rates, primarily based on USD-LIBOR. We are currently assessing the impact the discontinuance of LIBOR or another reference rate will have on our contracts, hedging relationships and other transactions that, once completed, will determine the effect of adopting this guidance on our consolidated financial statements.

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2020
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 three months ended March 31, 2020 and 2019 , we purchased $219 million and $194 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 March 31, 2020 December 31, 2019 Commercial finance receivables, net due from dealers consolidated by GM (a) $ 522 $ 478 Finance receivables from GM subsidiaries (a) $ 30 $ 39 Subvention receivable (b) $ 668 $ 676 Commercial loan funding payable (c) $ 38 $ 74 Three Months Ended March 31, Income Statement Data 2020 2019 Interest subvention earned on retail finance receivables (d) $ 141 $ 131 Interest subvention earned on commercial finance receivables (d) $ 15 $ 17 Leased vehicle subvention earned (e) $ 805 $ 835 _________________ (a) Included in finance receivables, net. (b) Included in related party receivables. We received subvention payments from GM of $ 1.1 billion for both the three months ended March 31, 2020 and 2019 . (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. We have access, subject to available capacity, to $14.5 billion of GM's unsecured revolving credit facilities consisting of a three-year, $4.0 billion facility, and a five-year, $10.5 billion facility. We also have exclusive access to GM's $2.0 billion facility (GM Revolving 364 -Day Credit Facility). At March 31, 2020 , we had no amounts borrowed under any of the GM facilities. At March 31, 2020 , GM had $3.4 billion in borrowings outstanding on the three-year, $4.0 billion facility and $10.5 billion in borrowings outstanding on the five-year, $10.5 billion facility. In April 2020, GM renewed the $2.0 billion GM Revolving 364 -Day Credit Facility for an additional 364 -day term and extended $3.6 billion of the three-year, $4.0 billion facility for an additional year expiring in April 2022. The remaining portion will expire in April 2021, unless extended. 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 tax liabilities. Amounts owed to GM for income taxes are accrued and recorded as a related party payable. At March 31, 2020 and December 31, 2019 , we had related party taxes payable of $6 million and $4 million for state tax liabilities.

Finance Receivables

Finance Receivables	3 Months Ended
Finance Receivables	Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables	Finance Receivables March 31, 2020 December 31, 2019 Retail finance receivables Retail finance receivables, net of fees (a) $ 42,504 $ 42,268 Less: allowance for loan losses (1,879 ) (866 ) Total retail finance receivables, net 40,625 41,402 Commercial finance receivables Commercial finance receivables, net of fees (b) 12,282 12,149 Less: allowance for loan losses (87 ) (78 ) Total commercial finance receivables, net 12,195 12,071 Total finance receivables, net $ 52,820 $ 53,473 Fair value utilizing Level 2 inputs $ 12,195 $ 12,071 Fair value utilizing Level 3 inputs $ 41,963 $ 42,012 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs o f $125 million and $83 million at March 31, 2020 and December 31, 2019 . (b) Net of dealer cash management balances of $1.2 billion at both March 31, 2020 and December 31, 2019 . 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 March 31, 2020 2019 Allowance for retail loan losses beginning balance $ 866 $ 844 Impact of adopting ASU 2016-13 ( Note 1 ) 801 — Provision for loan losses 456 178 Charge-offs (340 ) (307 ) Recoveries 156 145 Foreign currency translation (60 ) 2 Allowance for retail loan losses ending balance $ 1,879 $ 862 The provision for loan losses increased primarily due to increased expected charge-offs and decreased expected recoveries as a result of the economic impact of the coronavirus disease 2019 (COVID-19) pandemic. 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. A summary of the amortized cost of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at March 31, 2020 is as follows: Year of Origination 2020 2019 2018 2017 2016 2015 Prior Total Percent Prime - FICO Score 680 and greater $ 4,027 $ 9,990 $ 6,821 $ 3,200 $ 1,143 $ 343 $ 15 $ 25,539 60.1 % Near-prime - FICO Score 620 to 679 902 2,746 1,744 942 402 178 38 6,952 16.3 Sub-prime - FICO Score less than 620 1,169 3,402 2,165 1,605 957 486 229 10,013 23.6 Retail finance receivables, net of fees $ 6,098 $ 16,138 $ 10,730 $ 5,747 $ 2,502 $ 1,007 $ 282 $ 42,504 100.0 % We review the ongoing 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 the 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 table is a consolidated summary of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at March 31, 2020 : Year of Origination 2020 2019 2018 2017 2016 2015 Prior Total Percent Current $ 6,078 $ 15,716 $ 10,312 $ 5,412 $ 2,277 $ 877 $ 214 $ 40,886 96.2 % 31 - 60 days 19 302 294 241 161 93 47 1,157 2.7 Greater than 60 days 1 113 118 90 62 36 21 441 1.1 Finance receivables more than 30 days delinquent 20 415 412 331 223 129 68 1,598 3.8 In repossession — 7 6 4 2 1 — 20 — Finance receivables more than 30 days delinquent or in repossession 20 422 418 335 225 130 68 1,618 3.8 Retail finance receivables, net of fees $ 6,098 $ 16,138 $ 10,730 $ 5,747 $ 2,502 $ 1,007 $ 282 $ 42,504 100.0 % The accrual of finance charge income had been suspended on retail finance receivables with contractual amounts due of $735 million and $875 million at March 31, 2020 and December 31, 2019 . TDRs The outstanding amortized cost of retail finance receivables that are considered TDRs was $2.3 billion at March 31, 2020 , including $290 million in nonaccrual loans. Additional TDR activity is presented below: Three Months Ended March 31, 2020 2019 2018 Number of loans classified as TDRs during the period 15,268 16,532 13,336 Outstanding amortized cost of loans classified as TDRs during the period $ 287 $ 308 $ 251 The unpaid principal balances, net of recoveries, of loans charged off during the reporting period within 12 months of being modified as a TDR were $20 million , $21 million , and $18 million for three months ended March 31, 2020 , 2019 and 2018 . Commercial Credit Quality Our commercial finance receivables consist of dealer financings, primarily for dealer 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. Effective January 1, 2020, we updated our commercial risk model and our risk rating categories as follows: Dealer Risk Rating Description I Performing accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments. II Performing accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring. III Non-Performing accounts with inadequate paying capacity for current obligations and that have the distinct possibility of creating a loss if deficiencies are not corrected. IV Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection or liquidation in full highly questionable or improbable. Dealers with III and IV risk ratings are subject to additional monitoring and 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 at March 31, 2020 . Year of Origination (a) Dealer Risk Rating Revolving 2020 2019 2018 2017 2016 2015 Prior Total Percent I $ 10,351 $ 101 $ 253 $ 124 $ 128 $ 118 $ 77 $ 9 $ 11,161 90.9 % II 632 — 9 12 33 23 13 23 745 6.1 III 325 — 8 10 14 — 1 — 358 2.9 IV 14 — — — — — 4 — 18 0.1 Balance at end of period $ 11,322 $ 101 $ 270 $ 146 $ 175 $ 141 $ 95 $ 32 $ 12,282 100.0 % ________________ (a) Floorplan advances comprise 98% of the total revolving balance. Dealer term loans are presented by year of origination. At March 31, 2020 , substantially all of our commercial finance receivables were current with respect to payment status and activity in the allowance for commercial loan losses was insignificant for the three months ended March 31, 2020 , 2019 and 2018 . Commercial finance receivables classified as TDRs and amounts on non-accrual status were insignificant at March 31, 2020 .

Leased Vehicles

Leased Vehicles	3 Months Ended
Leased Vehicles	Mar. 31, 2020
Lessor Disclosure [Abstract]
Leased Vehicles	Leased Vehicles March 31, 2020 December 31, 2019 Leased vehicles $ 61,820 $ 62,767 Manufacturer subvention (9,653 ) (9,731 ) Net capitalized cost 52,167 53,036 Less: accumulated depreciation (10,871 ) (10,981 ) Leased vehicles, net $ 41,296 $ 42,055 The following table summarizes minimum rental payments due to us as lessor under operating leases at March 31, 2020 : Years Ending December 31, 2020 2021 2022 2023 2024 Total Lease payments under operating leases $ 4,991 $ 4,599 $ 2,112 $ 252 $ 7 $ 11,961

Goodwill

Goodwill	3 Months Ended
Goodwill	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following table summarizes the changes in the carrying amounts of goodwill by segment: Three Months Ended March 31, 2020 2019 North America International Total North America International Total Beginning balance $ 1,105 $ 80 $ 1,185 $ 1,105 $ 81 $ 1,186 Foreign currency translation (1 ) (16 ) (17 ) — 1 1 Ending balance $ 1,104 $ 64 $ 1,168 $ 1,105 $ 82 $ 1,187 Since December 31, 2019, the COVID-19 pandemic has resulted in a widespread health crisis that has adversely affected businesses, economies and financial markets worldwide, placed constraints on the operations of businesses, decreased consumer mobility and activity, and caused significant economic volatility in the United States and international debt and equity markets. The unprecedented economic and social uncertainty resulting from the COVID-19 outbreak indicated that it was more likely than not that goodwill impairment might exist at March 31, 2020 for our North America reporting unit. Therefore, at March 31, 2020, we performed an event-driven goodwill impairment test for our North America reporting unit and determined no goodwill impairment exists. The fair value of our North America reporting unit was determined based on valuation techniques using the best available information, primarily discounted cash flow projections. We make significant assumptions and estimates about the extent and timing of future cash flows. There can be no assurance that anticipated financial results will be achieved. Under multiple scenarios, including fully weighting the downside cash flow scenario, the estimated fair value of our North America reporting unit exceeded its carrying amount. Future goodwill impairment could be recognized should economic uncertainty continue, thereby resulting in a prolonged economic slowdown and a corresponding decline in the fair value of our reporting units.

Equity in Net Assets of Non-con

Equity in Net Assets of Non-consolidated Affiliates	3 Months Ended
Equity in Net Assets of Non-consolidated Affiliates	Mar. 31, 2020
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 ownership changes in our joint ventures since December 31, 2019. The following table presents certain aggregated operating data of our joint ventures: Three Months Ended March 31, Summarized Operating Data 2020 2019 Finance charge income $ 359 $ 350 Income before income taxes $ 96 $ 170 Net income $ 72 $ 127 At March 31, 2020 and December 31, 2019 , we had undistributed earnings of $624 million and $615 million related to our non-consolidated affiliates.

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt March 31, 2020 December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 14,289 $ 14,295 $ 6,152 $ 6,160 Securitization notes payable 31,881 31,778 33,807 34,000 Total secured debt 46,170 46,073 39,959 40,160 Unsecured debt Senior notes 45,440 40,865 43,679 44,937 Credit facilities 1,970 1,962 1,936 1,936 Other unsecured debt 2,609 2,609 3,364 3,366 Total unsecured debt 50,019 45,436 48,979 50,239 Total secured and unsecured debt $ 96,189 $ 91,509 $ 88,938 $ 90,399 Fair value utilizing Level 2 inputs $ 89,892 $ 88,481 Fair value utilizing Level 3 inputs $ 1,617 $ 1,918 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 8 for further information. The weighted average interest rate on secured debt was 2.59% at March 31, 2020 . Issuance costs on the secured debt of $69 million as of March 31, 2020 and $75 million as of December 31, 2019 are amortized to interest expense over the expected term of the secured debt. The terms of our revolving credit facilities provide for a revolving period and subsequent amortization period, and are expected to be repaid over periods ranging up to six years . During the three months ended March 31, 2020 , we entered into no new credit facilities, and we renewed maturing credit facilities with no change in borrowing capacity. Securitization notes payable at March 31, 2020 are due beginning in 2020 through 2027 . During the three months ended March 31, 2020 , we issued $4.6 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 1.95% and maturity dates ranging from 2021 to 2027 . Unsecured Debt Senior Notes At March 31, 2020 , we had $45.0 billion aggregate outstanding in senior notes that mature from 2020 through 2029 and have a weighted average interest rate of 3.33% . Issuance costs on senior notes of $110 million as of March 31, 2020 and $111 million as of December 31, 2019 are amortized to interest expense over the term of the notes. During the three months ended March 31, 2020 , we issued $2.1 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 2.09% and maturity dates ranging from 2024 through 2028 . General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' unsecured debt obligations for which a guarantee is provided. Credit Facilities and Other Unsecured Debt We use unsecured credit facilities with banks as well as non-bank instruments as funding sources. Our credit facilities and other unsecured debt have maturities of up to four years . The weighted average interest rate on these credit facilities and other unsecured debt was 4.47% at March 31, 2020 . 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 March 31, 2020 , we were in compliance with these debt covenants.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
Variable Interest Entities	Mar. 31, 2020
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The following table summarizes the assets and liabilities related to our consolidated VIEs: March 31, 2020 December 31, 2019 Restricted cash (a) $ 2,457 $ 2,643 Finance receivables, net of fees $ 41,063 $ 35,392 Lease related assets $ 18,279 $ 14,464 Secured debt $ 46,024 $ 39,771 _______________ (a) Included in other assets. We use SPEs that are considered VIEs to issue variable funding notes to third party, bank-sponsored warehouse facilities or asset-backed securities to investors in securitization transactions. The debt issued by these VIEs is backed by finance receivables and leasing-related assets transferred to the VIEs. We determined that we are the primary beneficiary of the VIEs because our servicing responsibilities give us the power to direct the activities that most significantly impact the performance of the VIEs and our variable interests in the VIEs give us the obligation to absorb losses and the right to receive residual returns that could potentially be significant. The assets serve as the sole source of repayment for the debt issued by these entities. Investors in the notes issued by the VIEs do not have recourse to us or our other assets, with the exception of customary representation and warranty repurchase provisions and indemnities that we provide as the servicer. We are not required to provide any additional financial support to these VIEs. While these VIE subsidiaries are included in our condensed consolidated financial statements, they are separate legal entities and their assets are legally owned by them and are not available to our creditors.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	3 Months Ended
Derivative Financial Instruments and Hedging Activities	Mar. 31, 2020
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 by using 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 fair value amounts of our derivative financial instruments and the associated notional amounts: March 31, 2020 December 31, 2019 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 $ 8,681 $ 640 $ — $ 9,458 $ 234 $ 23 Foreign currency swaps 1,755 — 84 1,796 22 71 Cash flow hedges Interest rate swaps 1,090 — 21 590 — 6 Foreign currency swaps 5,091 41 373 4,429 40 119 Derivatives not designated as hedges Interest rate contracts 104,282 843 772 92,400 340 300 Total (b) $ 120,899 $ 1,524 $ 1,250 $ 108,673 $ 636 $ 519 _________________ (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 March 31, 2020 and December 31, 2019 , the fair value of assets and liabilities available for offset was $685 million and $302 million . At March 31, 2020 and December 31, 2019 , we held $668 million and $210 million of collateral from counterparties that is available for netting against our asset positions. At March 31, 2020 and December 31, 2019 , we posted $270 million and $89 million of collateral to counterparties that 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) March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Unsecured debt $ 22,082 $ 20,397 $ (539 ) $ (77 ) _________________ (a) Includes $9 million and $69 million at March 31, 2020 and December 31, 2019 of amortization remaining on hedged items for which hedge accounting has been discontinued. The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of income: Three Months Ended March 31, 2020 2019 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ (503 ) $ — $ (210 ) $ — Interest rate swaps 431 — 181 — Hedged items - foreign currency swaps — 40 — 32 Foreign currency swaps (12 ) (39 ) (16 ) (31 ) Cash flow hedges Interest rate swaps (1 ) — 3 — Foreign currency swaps (29 ) (106 ) (18 ) (33 ) Derivatives not designated as hedges Interest rate contracts 52 — (5 ) — Total (losses) income recognized $ (62 ) $ (105 ) $ (65 ) $ (32 ) _________________ (a) Total interest expense was $835 million and $947 million for the three months ended March 31, 2020 and 2019 . (b) Activity is offset by translation activity also recorded in operating expenses related to foreign currency-denominated loans. Total operating expenses were $358 million and $370 million for the three months ended March 31, 2020 and 2019 . 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 March 31, 2020 2019 Fair value hedges Foreign currency swaps $ (5 ) $ (11 ) Cash flow hedges Interest rate swaps (6 ) — Foreign currency swaps (219 ) (52 ) Total $ (230 ) $ (63 ) (Gains) Losses Reclassified From Accumulated Other Comprehensive Loss Into Income (a)(b) Three Months Ended March 31, 2020 2019 Fair value hedges Foreign currency swaps $ 8 $ 11 Cash flow hedges Interest rate swaps 1 (2 ) Foreign currency swaps 104 39 Total $ 113 $ 48 _________________ (a) All amounts reclassified from accumulated other comprehensive loss were recorded to interest expense. (b) During the next twelve months, we estimate $54 million in gains will be reclassified into pretax earnings from derivatives designated for hedge accounting.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantees of Indebtedness At March 31, 2020 and December 31, 2019 , we guaranteed $549 million and $561 million 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 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 March 31, 2020 , we estimated our reasonably possible legal exposure for unfavorable outcomes is up to $42 million , and we have accrued $15 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 March 31, 2020 .

Shareholders' Equity

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Mar. 31, 2020
Equity [Abstract]
Stockholders' Equity	Shareholders' Equity March 31, 2020 December 31, 2019 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 In March 2020, our Board of Directors declared and paid a $400 million dividend on our common stock to General Motors Holdings LLC. March 31, 2020 December 31, 2019 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 three months ended March 31, 2020 , we paid dividends of $29 million to holders of record of our Series A Preferred Stock, and $16 million to holders of record of our Series B Preferred Stock. During the three months ended March 31, 2019 , we paid dividends of $29 million to holders of record of our Series A Preferred Stock, and $17 million to holders of record of our Series B Preferred Stock. The following table summarizes the significant components of accumulated other comprehensive loss: Three Months Ended March 31, 2020 2019 Unrealized (loss) gain on hedges Beginning balance $ (49 ) $ 9 Change in value of hedges, net of tax (117 ) (15 ) Ending balance (166 ) (6 ) Defined benefit plans Beginning balance 1 1 Unrealized gain on subsidiary pension, net of tax — — Ending balance 1 1 Foreign currency translation adjustment Beginning balance (1,071 ) (1,076 ) Translation (loss) gain, net of tax (426 ) 57 Ending balance (1,497 ) (1,019 ) Total accumulated other comprehensive loss $ (1,662 ) $ (1,024 )

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2020
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 March 31, 2020 and 2019 , income tax expense of $63 million and $88 million primarily resulted from tax expense attributable to entities included in our effective tax rate calculation. The decrease in income tax expense for the three months ended March 31, 2020 is primarily due to a decrease in our pre-tax earnings. 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	3 Months Ended
Segment Reporting	Mar. 31, 2020
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 March 31, 2020 North International Total Total revenue $ 3,277 $ 284 $ 3,561 Operating expenses 294 64 358 Leased vehicle expenses 1,684 13 1,697 Provision for loan losses 391 75 466 Interest expense 738 97 835 Equity income — 25 25 Income before income taxes $ 170 $ 60 $ 230 Three Months Ended March 31, 2019 North International Total Total revenue $ 3,306 $ 314 $ 3,620 Operating expenses 276 94 370 Leased vehicle expenses 1,803 11 1,814 Provision for loan losses 139 36 175 Interest expense 823 124 947 Equity income — 45 45 Income before income taxes $ 265 $ 94 $ 359 March 31, 2020 December 31, 2019 North International Total North International Total Finance receivables, net $ 47,633 $ 5,187 $ 52,820 $ 46,679 $ 6,794 $ 53,473 Leased vehicles, net $ 41,160 $ 136 $ 41,296 $ 41,881 $ 174 $ 42,055 Total assets $ 107,340 $ 8,209 $ 115,549 $ 99,453 $ 9,764 $ 109,217

Regulatory Capital and Other Re

Regulatory Capital and Other Regulatory Matters	3 Months Ended
Regulatory Capital and Other Regulatory Matters	Mar. 31, 2020
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 approximately $6.3 billion and $7.8 billion at March 31, 2020 and December 31, 2019 .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2020
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, 2019, as filed with the Securities and Exchange Commission (SEC) on February 5, 2020 (2019 Form 10-K). Except as otherwise specified, dollar amounts presented within tables are stated in millions. The condensed consolidated financial statements at March 31, 2020 , and for the three months ended March 31, 2020 and 2019 , 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, 2019 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 the Asia/Pacific region.
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards Effective January 1, 2020, we adopted Accounting Standards Update (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. Estimated credit losses under CECL consider relevant information about past events, current conditions and reasonable and supportable forecasts that affect the collectability of finance receivables, resulting in recognition of lifetime expected credit losses upon origination of the related finance receivable. We adopted ASU 2016-13 on a modified retrospective basis on January 1, 2020 by recognizing an after-tax cumulative-effect adjustment to the opening balance of retained earnings of $643 million . The application of ASU 2016-13 increased our allowance for loan losses by $801 million . The following updates to our accounting policies became effective upon the adoption of ASU 2016-13. Retail Finance Receivables and the Allowance for Loan Losses Our retail finance receivables portfolio consists of smaller-balance, homogeneous loans that are carried at amortized cost, net of allowance for loan losses. These loans are divided among pools based on common risk characteristics, such as internal credit score, origination period (vintage) and geography. An internal credit score, of which FICO is an input in North America, is created by using algorithms or statistical models contained in origination scorecards. The scorecards are used to evaluate a consumer’s ability to pay based on statistical modeling of his or her prior credit usage, structure of the loan and other information. The output of the scorecards rank-orders consumers from those that are least likely to default to those that are most likely to default. By further dividing the portfolio into pools based on internal credit scores, we are better able to distinguish expected credit performance for different credit risks. The allowance is aggregated for each of the pools. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses on our retail finance receivables portfolio. We use static pool modeling techniques to determine the allowance for loan losses expected over the remaining life of the receivables, which is supplemented by management judgment. We assess the recent internal operating and external environments and may qualitatively adjust certain assumptions to result in an allowance that is more reflective of losses that are expected to occur in the forecast environment. Expected losses are estimated for groups of accounts aggregated by internal credit score and monthly vintage. Generally, the expected losses are projected based on historical loss experience over the last ten years, more heavily weighted toward recent performance when determining the allowance to result in an estimate that is more reflective of the current internal and external environments. We consider forecast economic conditions over a reasonable and supportable forecast period. We determine the expected remaining life of the finance receivables to be a reasonable and supportable forecast horizon, primarily due to the relatively short weighted average life of retail finance receivables. We determined the economic factors that have the largest impact on expected losses include unemployment rates, interest rate spreads, disposable personal income, and growth rates in gross domestic products. We use forecasts for our chosen factors provided by a leading economic research firm. We compare the forecasts to consensus forecasts to assess for reasonableness and may use one or more forecast scenarios provided by the research firm. Troubled debt restructurings (TDRs) are grouped separately for purposes of measuring the allowance. The allowance for TDRs uses static pool modeling techniques, similar to non-TDR retail finance receivables, to determine the expected loss amount. The expected cash flows of the receivables are then discounted at the original weighted average effective interest rate of the pool. Factors considered when estimating the TDR allowance are based on an evaluation of historical and current information, and may be supplemented by management judgment. While we expect certain of our finance receivables to become TDRs, there is typically no delay between the point at which we become aware that a receivable is expected to become a TDR and when the receivable actually qualifies as a TDR. Therefore, our TDR portfolio does not include any receivables that are expected to become TDRs. We believe these factors are relevant in estimating expected losses and also consider an evaluation of overall portfolio credit quality based on indicators such as changes in our credit evaluation, underwriting and collection management policies, changes in the legal and regulatory environment, general economic conditions and business trends and uncertainties in forecasting and modeling techniques used in estimating our allowance. We update our retail loss forecast models and portfolio indicators on a quarterly basis to incorporate information reflective of the current and forecast economic environments. Assumptions regarding credit losses are reviewed periodically and may be impacted by actual performance of finance receivables and changes in any of the factors discussed above. Should the credit loss assumptions increase, there would be an increase in the amount of allowance for loan losses required, which would decrease the net carrying value of finance receivables and increase the amount of provision for loan losses. Commercial Finance Receivables and the Allowance for Loan Losses Our commercial lending offerings consist of floorplan financing as well as dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, and to purchase and/or finance dealership real estate. Commercial finance receivables are carried at amortized cost, net of allowance for loan losses and any amounts received under a cash management program. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses in the commercial finance receivables portfolio. We establish the allowance for loan losses based on historical loss experience, as well as the forecast for industry vehicle sales, which is the economic indicator that we believe has the largest impact on expected losses. The commercial finance receivables are aggregated into loan-risk pools, which are determined based on our internally-developed risk rating system. Dealer’s financial and operating metrics are regularly scored and further evaluated to derive a risk rating. Based on dealer risk ratings, we establish probability of default and loss given default, and also determine if any specific dealer loan requires additional reserves. Accounting Standards Not Yet Adopted In March 2020, the Financial Standards Board issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (ASU 2020-04), which provides optional expedients and exceptions for applying U.S. GAAP if certain criteria are met to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued. ASU 2020-04 became effective March 12, 2020 and may be applied prospectively through December 31, 2022. A substantial portion of our indebtedness bears interest at variable interest rates, primarily based on USD-LIBOR. We are currently assessing the impact the discontinuance of LIBOR or another reference rate will have on our contracts, hedging relationships and other transactions that, once completed, will determine the effect of adopting this guidance on our consolidated financial statements.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
Related Party Transactions (Tables)	Mar. 31, 2020
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following tables present related party transactions: Balance Sheet Data March 31, 2020 December 31, 2019 Commercial finance receivables, net due from dealers consolidated by GM (a) $ 522 $ 478 Finance receivables from GM subsidiaries (a) $ 30 $ 39 Subvention receivable (b) $ 668 $ 676 Commercial loan funding payable (c) $ 38 $ 74 Three Months Ended March 31, Income Statement Data 2020 2019 Interest subvention earned on retail finance receivables (d) $ 141 $ 131 Interest subvention earned on commercial finance receivables (d) $ 15 $ 17 Leased vehicle subvention earned (e) $ 805 $ 835 _________________ (a) Included in finance receivables, net. (b) Included in related party receivables. We received subvention payments from GM of $ 1.1 billion for both the three months ended March 31, 2020 and 2019 . (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)	3 Months Ended
Finance Receivables (Tables)	Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables, Net	March 31, 2020 December 31, 2019 Retail finance receivables Retail finance receivables, net of fees (a) $ 42,504 $ 42,268 Less: allowance for loan losses (1,879 ) (866 ) Total retail finance receivables, net 40,625 41,402 Commercial finance receivables Commercial finance receivables, net of fees (b) 12,282 12,149 Less: allowance for loan losses (87 ) (78 ) Total commercial finance receivables, net 12,195 12,071 Total finance receivables, net $ 52,820 $ 53,473 Fair value utilizing Level 2 inputs $ 12,195 $ 12,071 Fair value utilizing Level 3 inputs $ 41,963 $ 42,012 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs o f $125 million and $83 million at March 31, 2020 and December 31, 2019 . (b) Net of dealer cash management balances of $1.2 billion at both March 31, 2020 and December 31, 2019 .
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 March 31, 2020 2019 Allowance for retail loan losses beginning balance $ 866 $ 844 Impact of adopting ASU 2016-13 ( Note 1 ) 801 — Provision for loan losses 456 178 Charge-offs (340 ) (307 ) Recoveries 156 145 Foreign currency translation (60 ) 2 Allowance for retail loan losses ending balance $ 1,879 $ 862
Financing Receivable Credit Quality Indicators	A summary of the amortized cost of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at March 31, 2020 is as follows: Year of Origination 2020 2019 2018 2017 2016 2015 Prior Total Percent Prime - FICO Score 680 and greater $ 4,027 $ 9,990 $ 6,821 $ 3,200 $ 1,143 $ 343 $ 15 $ 25,539 60.1 % Near-prime - FICO Score 620 to 679 902 2,746 1,744 942 402 178 38 6,952 16.3 Sub-prime - FICO Score less than 620 1,169 3,402 2,165 1,605 957 486 229 10,013 23.6 Retail finance receivables, net of fees $ 6,098 $ 16,138 $ 10,730 $ 5,747 $ 2,502 $ 1,007 $ 282 $ 42,504 100.0 % Effective January 1, 2020, we updated our commercial risk model and our risk rating categories as follows: Dealer Risk Rating Description I Performing accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments. II Performing accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring. III Non-Performing accounts with inadequate paying capacity for current obligations and that have the distinct possibility of creating a loss if deficiencies are not corrected. IV Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection or liquidation in full highly questionable or improbable. The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables at March 31, 2020 . Year of Origination (a) Dealer Risk Rating Revolving 2020 2019 2018 2017 2016 2015 Prior Total Percent I $ 10,351 $ 101 $ 253 $ 124 $ 128 $ 118 $ 77 $ 9 $ 11,161 90.9 % II 632 — 9 12 33 23 13 23 745 6.1 III 325 — 8 10 14 — 1 — 358 2.9 IV 14 — — — — — 4 — 18 0.1 Balance at end of period $ 11,322 $ 101 $ 270 $ 146 $ 175 $ 141 $ 95 $ 32 $ 12,282 100.0 % ________________ (a) Floorplan advances comprise 98% of the total revolving balance. Dealer term loans are presented by year of origination.
Past Due Financing Receivables	The following table is a consolidated summary of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at March 31, 2020 : Year of Origination 2020 2019 2018 2017 2016 2015 Prior Total Percent Current $ 6,078 $ 15,716 $ 10,312 $ 5,412 $ 2,277 $ 877 $ 214 $ 40,886 96.2 % 31 - 60 days 19 302 294 241 161 93 47 1,157 2.7 Greater than 60 days 1 113 118 90 62 36 21 441 1.1 Finance receivables more than 30 days delinquent 20 415 412 331 223 129 68 1,598 3.8 In repossession — 7 6 4 2 1 — 20 — Finance receivables more than 30 days delinquent or in repossession 20 422 418 335 225 130 68 1,618 3.8 Retail finance receivables, net of fees $ 6,098 $ 16,138 $ 10,730 $ 5,747 $ 2,502 $ 1,007 $ 282 $ 42,504 100.0 %
Troubled Debt Restructurings on Financing Receivables	Additional TDR activity is presented below: Three Months Ended March 31, 2020 2019 2018 Number of loans classified as TDRs during the period 15,268 16,532 13,336 Outstanding amortized cost of loans classified as TDRs during the period $ 287 $ 308 $ 251

Leased Vehicles (Tables)

Leased Vehicles (Tables)	3 Months Ended
Leased Vehicles (Tables)	Mar. 31, 2020
Lessor Disclosure [Abstract]
Summary of Leased Vehicles	March 31, 2020 December 31, 2019 Leased vehicles $ 61,820 $ 62,767 Manufacturer subvention (9,653 ) (9,731 ) Net capitalized cost 52,167 53,036 Less: accumulated depreciation (10,871 ) (10,981 ) Leased vehicles, net $ 41,296 $ 42,055
Schedule of Future Minimum Rental Payments Receivable For Operating Leases	The following table summarizes minimum rental payments due to us as lessor under operating leases at March 31, 2020 : Years Ending December 31, 2020 2021 2022 2023 2024 Total Lease payments under operating leases $ 4,991 $ 4,599 $ 2,112 $ 252 $ 7 $ 11,961

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
Goodwill (Tables)	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the changes in the carrying amounts of goodwill by segment: Three Months Ended March 31, 2020 2019 North America International Total North America International Total Beginning balance $ 1,105 $ 80 $ 1,185 $ 1,105 $ 81 $ 1,186 Foreign currency translation (1 ) (16 ) (17 ) — 1 1 Ending balance $ 1,104 $ 64 $ 1,168 $ 1,105 $ 82 $ 1,187

Equity in Net Assets of Non-c_2

Equity in Net Assets of Non-consolidated Affiliates (Tables)	3 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Summarized Financial Data of Nonconsolidated Affiliates	The following table presents certain aggregated operating data of our joint ventures: Three Months Ended March 31, Summarized Operating Data 2020 2019 Finance charge income $ 359 $ 350 Income before income taxes $ 96 $ 170 Net income $ 72 $ 127

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	March 31, 2020 December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 14,289 $ 14,295 $ 6,152 $ 6,160 Securitization notes payable 31,881 31,778 33,807 34,000 Total secured debt 46,170 46,073 39,959 40,160 Unsecured debt Senior notes 45,440 40,865 43,679 44,937 Credit facilities 1,970 1,962 1,936 1,936 Other unsecured debt 2,609 2,609 3,364 3,366 Total unsecured debt 50,019 45,436 48,979 50,239 Total secured and unsecured debt $ 96,189 $ 91,509 $ 88,938 $ 90,399 Fair value utilizing Level 2 inputs $ 89,892 $ 88,481 Fair value utilizing Level 3 inputs $ 1,617 $ 1,918

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
Variable Interest Entities (Tables)	Mar. 31, 2020
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: March 31, 2020 December 31, 2019 Restricted cash (a) $ 2,457 $ 2,643 Finance receivables, net of fees $ 41,063 $ 35,392 Lease related assets $ 18,279 $ 14,464 Secured debt $ 46,024 $ 39,771 _______________ (a) Included in other assets.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The table below presents the gross fair value amounts of our derivative financial instruments and the associated notional amounts: March 31, 2020 December 31, 2019 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 $ 8,681 $ 640 $ — $ 9,458 $ 234 $ 23 Foreign currency swaps 1,755 — 84 1,796 22 71 Cash flow hedges Interest rate swaps 1,090 — 21 590 — 6 Foreign currency swaps 5,091 41 373 4,429 40 119 Derivatives not designated as hedges Interest rate contracts 104,282 843 772 92,400 340 300 Total (b) $ 120,899 $ 1,524 $ 1,250 $ 108,673 $ 636 $ 519 _________________ (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 March 31, 2020 and December 31, 2019 , the fair value of assets and liabilities available for offset was $685 million and $302 million . At March 31, 2020 and December 31, 2019 , we held $668 million and $210 million of collateral from counterparties that is available for netting against our asset positions. At March 31, 2020 and December 31, 2019 , we posted $270 million and $89 million of collateral to counterparties that 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) March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Unsecured debt $ 22,082 $ 20,397 $ (539 ) $ (77 ) _________________ (a) Includes $9 million and $69 million at March 31, 2020 and December 31, 2019 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 tables below present the effect of our derivative financial instruments in the condensed consolidated statements of income: Three Months Ended March 31, 2020 2019 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ (503 ) $ — $ (210 ) $ — Interest rate swaps 431 — 181 — Hedged items - foreign currency swaps — 40 — 32 Foreign currency swaps (12 ) (39 ) (16 ) (31 ) Cash flow hedges Interest rate swaps (1 ) — 3 — Foreign currency swaps (29 ) (106 ) (18 ) (33 ) Derivatives not designated as hedges Interest rate contracts 52 — (5 ) — Total (losses) income recognized $ (62 ) $ (105 ) $ (65 ) $ (32 ) _________________ (a) Total interest expense was $835 million and $947 million for the three months ended March 31, 2020 and 2019 . (b) Activity is offset by translation activity also recorded in operating expenses related to foreign currency-denominated loans. Total operating expenses were $358 million and $370 million for the three months ended March 31, 2020 and 2019 . 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 March 31, 2020 2019 Fair value hedges Foreign currency swaps $ (5 ) $ (11 ) Cash flow hedges Interest rate swaps (6 ) — Foreign currency swaps (219 ) (52 ) Total $ (230 ) $ (63 ) (Gains) Losses Reclassified From Accumulated Other Comprehensive Loss Into Income (a)(b) Three Months Ended March 31, 2020 2019 Fair value hedges Foreign currency swaps $ 8 $ 11 Cash flow hedges Interest rate swaps 1 (2 ) Foreign currency swaps 104 39 Total $ 113 $ 48 _________________ (a) All amounts reclassified from accumulated other comprehensive loss were recorded to interest expense. (b) During the next twelve months, we estimate $54 million in gains will be reclassified into pretax earnings from derivatives designated for hedge accounting.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
Shareholders' Equity (Tables)	Mar. 31, 2020
Equity [Abstract]
Summary of Common and Preferred Stock	March 31, 2020 December 31, 2019 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 In March 2020, our Board of Directors declared and paid a $400 million dividend on our common stock to General Motors Holdings LLC. March 31, 2020 December 31, 2019 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 March 31, 2020 2019 Unrealized (loss) gain on hedges Beginning balance $ (49 ) $ 9 Change in value of hedges, net of tax (117 ) (15 ) Ending balance (166 ) (6 ) Defined benefit plans Beginning balance 1 1 Unrealized gain on subsidiary pension, net of tax — — Ending balance 1 1 Foreign currency translation adjustment Beginning balance (1,071 ) (1,076 ) Translation (loss) gain, net of tax (426 ) 57 Ending balance (1,497 ) (1,019 ) Total accumulated other comprehensive loss $ (1,662 ) $ (1,024 )

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Key operating data for our operating segments were as follows: Three Months Ended March 31, 2020 North International Total Total revenue $ 3,277 $ 284 $ 3,561 Operating expenses 294 64 358 Leased vehicle expenses 1,684 13 1,697 Provision for loan losses 391 75 466 Interest expense 738 97 835 Equity income — 25 25 Income before income taxes $ 170 $ 60 $ 230 Three Months Ended March 31, 2019 North International Total Total revenue $ 3,306 $ 314 $ 3,620 Operating expenses 276 94 370 Leased vehicle expenses 1,803 11 1,814 Provision for loan losses 139 36 175 Interest expense 823 124 947 Equity income — 45 45 Income before income taxes $ 265 $ 94 $ 359 March 31, 2020 December 31, 2019 North International Total North International Total Finance receivables, net $ 47,633 $ 5,187 $ 52,820 $ 46,679 $ 6,794 $ 53,473 Leased vehicles, net $ 41,160 $ 136 $ 41,296 $ 41,881 $ 174 $ 42,055 Total assets $ 107,340 $ 8,209 $ 115,549 $ 99,453 $ 9,764 $ 109,217

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020segment	Jan. 01, 2020USD ($)	Dec. 31, 2019USD ($)
Accounting Policies [Abstract]
Number of operating segments \| segment	2
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standard (Note 1)			$ (643)
Allowance For Credit Losses [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standard (Note 1)		$ 801
Retained Earnings [Member] \| Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of accounting standard (Note 1)		$ (643)	$ (643)

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Commercial Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	$ 12,195		$ 12,071
Retail Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	40,625		41,402
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Subvention receivable	668		676
Leased vehicle subvention earned	805	$ 835
Affiliated Entity [Member] \| Commercial Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	522		478
Commercial loan funding payable	38		74
Interest subvention earned	15	17
Affiliated Entity [Member] \| Retail Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	30		$ 39
Interest subvention earned	141	131
Parent Company [Member]
Related Party Transaction [Line Items]
Revenue from related parties	$ 1,100	$ 1,100

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
Related Party Transactions - Narrative (Details) - USD ($)	Apr. 30, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Long-term Line of Credit		$ 0
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Tax expense due to related party		6,000,000		$ 4,000,000
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]
Related Party Transaction [Line Items]
Debt instrument term		4 years
Line of Credit [Member] \| Revolving Credit Facility [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Maximum borrowing capacity		$ 14,500,000,000
Line of Credit [Member] \| Revolving Credit Facility [Member] \| Three Year Revolving Credit Facility [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Maximum borrowing capacity		$ 4,000,000,000
Debt instrument term		3 years
Long-term Line of Credit			$ 3,400,000,000
Line of Credit [Member] \| Revolving Credit Facility [Member] \| Five Year Revolving Credit Facility [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Maximum borrowing capacity		$ 10,500,000,000
Debt instrument term		5 years
Line of Credit [Member] \| Revolving Credit Facility [Member] \| Three Hundred and Sixty-Four Day Revolving Credit Facilities [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Maximum borrowing capacity		$ 2,000,000,000
Debt instrument term		364 days
Purchase of Retail Finance Receivables [Member] \| Parent Company [Member]
Related Party Transaction [Line Items]
Related party purchases		$ 219,000,000	$ 194,000,000
Subsequent Event [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member] \| Three Year Revolving Credit Facility [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 4,000,000,000
Debt instrument term	3 years
Subsequent Event [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member] \| Five Year Revolving Credit Facility [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Debt instrument term	5 years
Subsequent Event [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member] \| Three Hundred and Sixty-Four Day Revolving Credit Facilities [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 2,000,000,000
Debt instrument term	364 days
Subsequent Event [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member] \| Three Year Revolving Credit Facility Expiring April 2022 [Member] \| General Motors [Member]
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 3,600,000,000

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - Retail Finance Receivables [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual of finance charge income	$ 735			$ 875
Troubled debt restructurings	2,300
Nonaccrual loans	290
Unpaid principal balances, net of recoveries	$ 20	$ 21	$ 18

Finance Receivables - Finance R

Finance Receivables - Finance Receivables, net (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net	$ 52,820	$ 53,473
Level 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	12,195	12,071
Level 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	41,963	42,012
Retail Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	42,504	42,268
Less: allowance for loan losses	(1,879)	(866)	$ (862)	$ (844)
Total finance receivables, net	40,625	41,402
Deferred income	125	83
Commercial Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	12,282	12,149
Less: allowance for loan losses	(87)	(78)
Total finance receivables, net	12,195	12,071
Dealer cash management balances	$ 1,200	$ 1,200

Finance Receivables - Allowance

Finance Receivables - Allowance for Loan Losses (Details) - Retail Finance Receivables [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	$ 866	$ 844
Provision for loan losses	456	178
Charge-offs	(340)	(307)
Recoveries	156	145
Foreign currency translation	(60)	2
Allowance for retail loan losses ending balance	1,879	$ 862
Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	$ 801

Finance Receivables - Credit Ri

Finance Receivables - Credit Risk Profile by FICO Score (Details) - Retail Finance Receivables [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 6,098
2019	16,138
2018	10,730
2017	5,747
2016	2,502
2015	1,007
Prior	282
Total	$ 42,504	$ 42,268
Percent of portfolio	100.00%
Prime - FICO Score 680 and greater [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 4,027
2019	9,990
2018	6,821
2017	3,200
2016	1,143
2015	343
Prior	15
Total	$ 25,539
Percent of portfolio	60.10%
Near-prime - FICO Score 620 to 679 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 902
2019	2,746
2018	1,744
2017	942
2016	402
2015	178
Prior	38
Total	$ 6,952
Percent of portfolio	16.30%
Sub-prime - FICO Score less than 620 [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 1,169
2019	3,402
2018	2,165
2017	1,605
2016	957
2015	486
Prior	229
Total	$ 10,013
Percent of portfolio	23.60%

Finance Receivables - Delinquen

Finance Receivables - Delinquency (Details) - Retail Finance Receivables [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
2020	$ 6,098
2019	16,138
2018	10,730
2017	5,747
2016	2,502
2015	1,007
Prior	282
Total	$ 42,504	$ 42,268
Percent of portfolio	100.00%
Total	100.00%
Performing Financial Instruments [Member] \| Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
2020	$ 6,078
2019	15,716
2018	10,312
2017	5,412
2016	2,277
2015	877
Prior	214
Current, Total	$ 40,886
Percent of portfolio	96.20%
Nonperforming Financial Instruments [Member]
Financing Receivable, Past Due [Line Items]
2020	$ 20
2019	422
2018	418
2017	335
2016	225
2015	130
Prior	68
Financing receivable past due	$ 1,618
Financing receivable past due (percent)	3.80%
Nonperforming Financial Instruments [Member] \| 31 to 60 Days [Member]
Financing Receivable, Past Due [Line Items]
2020	$ 19
2019	302
2018	294
2017	241
2016	161
2015	93
Prior	47
Financing receivable past due	$ 1,157
Financing receivable past due (percent)	2.70%
Nonperforming Financial Instruments [Member] \| Greater Than 60 Days [Member]
Financing Receivable, Past Due [Line Items]
2020	$ 1
2019	113
2018	118
2017	90
2016	62
2015	36
Prior	21
Financing receivable past due	$ 441
Financing receivable past due (percent)	1.10%
Nonperforming Financial Instruments [Member] \| Financing Receivables, Greater than 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
2020	$ 20
2019	415
2018	412
2017	331
2016	223
2015	129
Prior	68
Financing receivable past due	$ 1,598
Financing receivable past due (percent)	3.80%
Nonperforming Financial Instruments [Member] \| Financing Receivables, In Repossession [Member]
Financing Receivable, Past Due [Line Items]
2020	$ 0
2019	7
2018	6
2017	4
2016	2
2015	1
Prior	0
Financing receivable past due	$ 20
Financing receivable past due (percent)	0.00%

Finance Receivables - Troubled

Finance Receivables - Troubled Debt Restructurings (Details) - Retail Finance Receivables [Member] $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan	Mar. 31, 2018USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans classified as TDRs during the period \| loan	15,268	16,532	13,336
Outstanding amortized cost of loans classified as TDRs during the period \| $	$ 287	$ 308	$ 251

Finance Receivables - Credit _2

Finance Receivables - Credit Risk Profile by Dealer (Details) - Commercial Finance Receivables [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 11,322
2020	101
2019	270
2018	146
2017	175
2016	141
2015	95
Prior	32
Total	$ 12,282	$ 12,149
Percent of portfolio	100.00%
Floorplan Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of revolving balance	98.00%
Group I - Performing accounts with strong to acceptable financial metrics [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 10,351
2020	101
2019	253
2018	124
2017	128
2016	118
2015	77
Prior	9
Total	$ 11,161
Percent of portfolio	90.90%
Group II - Performing accounts experiencing potential weakness in financial metrics [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 632
2020	0
2019	9
2018	12
2017	33
2016	23
2015	13
Prior	23
Total	$ 745
Percent of portfolio	6.10%
Group III - Non-Performing accounts with inadequate paying capacity for current obligations [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 325
2020	0
2019	8
2018	10
2017	14
2016	0
2015	1
Prior	0
Total	$ 358
Percent of portfolio	2.90%
Group IV - Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 14
2020	0
2019	0
2018	0
2017	0
2016	0
2015	4
Prior	0
Total	$ 18
Percent of portfolio	0.10%

Leased Vehicles - Summary of Le

Leased Vehicles - Summary of Leased Vehicles (Details) - Assets Leased to Others [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Lessor, Lease, Description [Line Items]
Leased vehicles	$ 61,820	$ 62,767
Manufacturer subvention	(9,653)	(9,731)
Net capitalized cost	52,167	53,036
Less: accumulated depreciation	(10,871)	(10,981)
Leased vehicles, net	$ 41,296	$ 42,055

Leased Vehicles - Minimum Renta

Leased Vehicles - Minimum Rental Payments (Details) $ in Millions	Mar. 31, 2020USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
2020	$ 4,991
2021	4,599
2022	2,112
2023	252
2024	7
Total	$ 11,961

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
Goodwill (Details) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Goodwill [Roll Forward]
Balance at beginning of period	$ 1,185	$ 1,186
Foreign currency translation	(17)	1
Balance at end of period	1,168	1,187
North America Segment [Member]
Goodwill [Roll Forward]
Balance at beginning of period	1,105	1,105
Foreign currency translation	(1)	0
Balance at end of period	1,104	1,105
International Segment [Member]
Goodwill [Roll Forward]
Balance at beginning of period	80	81
Foreign currency translation	(16)	1
Balance at end of period	$ 64	$ 82

Equity in Net Assets of Non-c_3

Equity in Net Assets of Non-consolidated Affiliates (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Noncontrolling Interest [Line Items]
Net income	$ 25	$ 45
Joint Ventures [Member]
Noncontrolling Interest [Line Items]
Finance charge income	359	350
Income before income taxes	96	170
Net income	72	$ 127
Undistributed earnings	$ 624		$ 615

Restricted Cash (Details)

Restricted Cash (Details) $ in Millions	Mar. 31, 2020USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash included in other assets	$ 2,596

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	3 Months Ended
Debt - Narrative (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Secured Debt [Member]
Debt Instrument [Line Items]
Weighted average interest rate	2.59%
Debt issuance costs	$ 69,000,000	$ 75,000,000
Secured Debt [Member] \| Securitization Notes Payable with Maturity Dates from 2021 to 2027 [Member]
Debt Instrument [Line Items]
Weighted average interest rate	1.95%
Debt instrument, face amount	$ 4,600,000,000
Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Weighted average interest rate	3.33%
Debt instrument, face amount	$ 45,000,000,000
Unsecured Senior Notes [Member] \| Senior Notes with Maturity Dates from 2024 to 2028 [Member]
Debt Instrument [Line Items]
Weighted average interest rate	2.09%
Debt instrument, face amount	$ 2,100,000,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt issuance costs	$ 110,000,000	$ 111,000,000
Line of Credit [Member]
Debt Instrument [Line Items]
Weighted average interest rate	4.47%
Debt instrument term	4 years
Maximum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Expiration period	6 years

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Short Term and Long Term Debt [Line Items]
Secured debt	$ 46,170	$ 39,959
Unsecured debt	50,019	48,979
Total secured and unsecured debt	96,189	88,938
Secured debt fair value	46,073	40,160
Unsecured debt fair value	45,436	50,239
Fair value of Secured and Unsecured debt	91,509	90,399
Level 2 [Member]
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	89,892	88,481
Level 3 [Member]
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	1,617	1,918
Revolving Credit Facility [Member]
Short Term and Long Term Debt [Line Items]
Secured debt	14,289	6,152
Unsecured debt	1,970	1,936
Secured debt fair value	14,295	6,160
Unsecured debt fair value	1,962	1,936
Securitization Notes Payable [Member]
Short Term and Long Term Debt [Line Items]
Secured debt	31,881	33,807
Secured debt fair value	31,778	34,000
Senior Notes [Member]
Short Term and Long Term Debt [Line Items]
Unsecured debt	45,440	43,679
Unsecured debt fair value	40,865	44,937
Other Unsecured Debt [Member]
Short Term and Long Term Debt [Line Items]
Unsecured debt	2,609	3,364
Unsecured debt fair value	$ 2,609	$ 3,366

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Restricted cash	$ 2,596
Finance receivables, net of fees	52,820	$ 53,473
Secured debt	46,170	39,959
Securitization and Credit Facility VIEs [Member]
Variable Interest Entity [Line Items]
Restricted cash	2,457	2,643
Finance receivables, net of fees	41,063	35,392
Secured debt	46,024	39,771
Assets Leased to Others [Member]
Variable Interest Entity [Line Items]
Lease related assets	41,296	42,055
Assets Leased to Others [Member] \| Securitization and Credit Facility VIEs [Member]
Variable Interest Entity [Line Items]
Lease related assets	$ 18,279	$ 14,464

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Fair value of assets (liabilities) available for offset	$ 685	$ 302
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	120,899	108,673
Derivative asset, Fair value	1,524	636
Collateral available for netting against liability positions	270	89
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	1,250	519
Cash held for netting against asset positions	668	210
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	8,681	9,458
Derivative asset, Fair value	640	234
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	1,755	1,796
Derivative asset, Fair value	0	22
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	0	23
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	84	71
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	1,090	590
Derivative asset, Fair value	0	0
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	5,091	4,429
Derivative asset, Fair value	41	40
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	21	6
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	373	119
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	104,282	92,400
Derivative asset, Fair value	843	340
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	$ 772	$ 300

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	Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Items	$ 22,082	$ 20,397
Cumulative Amount of Fair Value Hedging Adjustments	(539)	(77)
Discontinued hedge cumulative amount of fair value hedging adjustments	$ 9	$ 69

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Income (Losses) Recognized in Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivatives, Fair Value [Line Items]
Interest expense	$ 835	$ 947
Operating expenses	358	370
AOCI Attributable to Parent [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(230)	(63)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	113	48
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	(5)	(11)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	8	11
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	(219)	(52)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	104	39
Cash Flow Hedging [Member] \| Unrealized (Loss) Gain on Hedges [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(6)	0
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	1	(2)
Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Total	(62)	(65)
Operating Expense [Member]
Derivatives, Fair Value [Line Items]
Total	(105)	(32)
Designated as Hedging Instrument [Member] \| Foreign Currency Translation Adjustment [Member]
Derivatives, Fair Value [Line Items]
Gain (loss) to be reclassified in next twelve months	54
Designated as Hedging Instrument [Member] \| Interest Expense [Member] \| Fair Value Hedging [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Hedged items	(503)	(210)
Interest rate swaps and Foreign currency swaps	431	181
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
Interest rate swaps and Foreign currency swaps	(12)	(16)
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)	3
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	(29)	(18)
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
Interest rate swaps and Foreign currency swaps	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	40	32
Interest rate swaps and Foreign currency swaps	(39)	(31)
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
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	(106)	(33)
Not Designated as Hedging Instrument [Member] \| Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts	52	(5)
Not Designated as Hedging Instrument [Member] \| Operating Expense [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitment and Contingencies [Line Items]
Estimate of possible loss	$ 42
Loss accrual	15
Indirect tax contingency	11
Senior Notes [Member]
Commitment and Contingencies [Line Items]
Debt instrument, face amount	45,000
Parent Company [Member] \| Euro Medium Term Notes [Member] \| Senior Notes [Member]
Commitment and Contingencies [Line Items]
Debt instrument, face amount	$ 549	$ 561

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Class of Stock [Line Items]
Common stock dividends	$ 400
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends paid		$ 29	$ 29
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends paid		$ 16	$ 17

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Common and Preferred Stock (Details) - shares	Mar. 31, 2020	Dec. 31, 2019
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
	Mar. 31, 2020	Mar. 31, 2019
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	$ 12,726	$ 11,659
Balance at end of period	11,316	11,984
AOCI Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,119)	(1,066)
Balance at end of period	(1,662)	(1,024)
Unrealized (Loss) Gain on Hedges [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(49)	9
Other comprehensive (loss) income, net of tax	(117)	(15)
Balance at end of period	(166)	(6)
Defined Benefit Plans [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	1	1
Other comprehensive (loss) income, net of tax	0	0
Balance at end of period	1	1
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,071)	(1,076)
Other comprehensive (loss) income, net of tax	(426)	57
Balance at end of period	$ (1,497)	$ (1,019)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ 63	$ 88

Segment Reporting - Revenue (De

Segment Reporting - Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 3,561	$ 3,620
Operating expenses	358	370
Leased vehicle expenses	1,697	1,814
Provision for loan losses	466	175
Interest expense	835	947
Equity income	25	45
Income before income taxes	230	359
North America Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	3,277	3,306
Operating expenses	294	276
Leased vehicle expenses	1,684	1,803
Provision for loan losses	391	139
Interest expense	738	823
Equity income	0	0
Income before income taxes	170	265
International Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	284	314
Operating expenses	64	94
Leased vehicle expenses	13	11
Provision for loan losses	75	36
Interest expense	97	124
Equity income	25	45
Income before income taxes	$ 60	$ 94

Segment Reporting - Assets (Det

Segment Reporting - Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Finance receivables, net	$ 52,820	$ 53,473
Total assets	115,549	109,217
North America Segment [Member]
Segment Reporting Information [Line Items]
Finance receivables, net	47,633	46,679
Total assets	107,340	99,453
International Segment [Member]
Segment Reporting Information [Line Items]
Finance receivables, net	5,187	6,794
Total assets	8,209	9,764
Assets Leased to Others [Member]
Segment Reporting Information [Line Items]
Leased vehicles, net (Note 4; Note 8 VIEs)	41,296	42,055
Assets Leased to Others [Member] \| North America Segment [Member]
Segment Reporting Information [Line Items]
Leased vehicles, net (Note 4; Note 8 VIEs)	41,160	41,881
Assets Leased to Others [Member] \| International Segment [Member]
Segment Reporting Information [Line Items]
Leased vehicles, net (Note 4; Note 8 VIEs)	$ 136	$ 174

Regulatory Capital and Other _2

Regulatory Capital and Other Regulatory Matters (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 115,549	$ 109,217
International Regulated Bank And Finance Companies [Member]
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 6,300	$ 7,800