General Motors Financial (ACF) 10-Q 4 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 03, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	1-10667
Entity Registrant Name	General Motors Financial Company, Inc.
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	75-2291093
Entity Address, Address Line One	801 Cherry Street
Entity Address, Address Line Two	Suite 3500
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76102
City Area Code	817
Local Phone Number	302-7000
Title of 12(b) Security	5.250% Senior Notes due 2026
Trading Symbol	GM/26
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,050,000
Entity Central Index Key	0000804269
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 4,378	$ 5,063
Finance receivables, net (Note 3; Note 7 VIEs)	60,212	58,390
Leased vehicles, net (Note 4; Note 7 VIEs)	40,596	39,819
Goodwill	1,174	1,173
Equity in net assets of non-consolidated affiliates (Note 5)	1,704	1,581
Related party receivables (Note 2)	611	643
Other Assets	7,247	7,156
Total assets	115,922	113,825
Liabilities
Secured debt (Note 6; Note 7 VIEs)	38,999	39,982
Unsecured debt (Note 6)	54,571	52,443
Deferred income	2,933	3,048
Related party payables (Note 2)	358	269
Other liabilities	4,596	4,485
Total liabilities	101,457	100,227
Commitments and contingencies (Note 9)
Shareholders' equity (Note 10)
Common stock, $0.0001 par value per share	0	0
Preferred stock, $0.01 par value per share	0	0
Additional paid-in capital	8,668	8,642
Accumulated other comprehensive loss	(1,206)	(1,309)
Retained earnings	7,003	6,265
Total shareholders' equity	14,465	13,598
Total liabilities and shareholders' equity	$ 115,922	$ 113,825

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue
Finance charge income	$ 1,036	$ 966	$ 2,052	$ 1,972
Leased vehicle income	2,304	2,386	4,625	4,849
Other income	86	71	156	163
Total revenue	3,426	3,423	6,833	6,984
Costs and expenses
Operating expenses	378	345	789	703
Leased vehicle expenses	825	1,779	2,069	3,476
Provision for loan losses (Note 3)	59	327	33	793
Interest expense	633	788	1,283	1,623
Total costs and expenses	1,895	3,239	4,174	6,595
Equity income (Note 5)	50	42	104	67
Income before income taxes	1,581	226	2,763	456
Income tax provision (Note 11)	401	53	705	116
Net income	1,180	173	2,058	340
Less: cumulative dividends on preferred stock	29	22	59	45
Net income attributable to common shareholder	$ 1,151	$ 151	$ 1,999	$ 295

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 1,180	$ 173	$ 2,058	$ 340
Other comprehensive income (loss), net of tax (Note 10)
Unrealized (loss) gain on hedges, net of income tax benefit (expense) of $2, $11, $(15), $50	(7)	(34)	42	(151)
Foreign currency translation adjustment	133	33	61	(393)
Other comprehensive income (loss), net of tax	126	(1)	103	(544)
Comprehensive income (loss)	$ 1,306	$ 172	$ 2,161	$ (204)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Change in value of cash flow hedges, tax (benefit)	$ 2	$ 11	$ (15)	$ 50

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment
Balance at beginning of period at Dec. 31, 2019	$ 12,726	$ (643)	$ 0	$ 0	$ 8,101	$ (1,119)	$ 5,744	$ (643)
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 10)	(400)						(400)
Balance at end of period at Mar. 31, 2020	11,316		0	0	8,110	(1,662)	4,868
Balance at beginning of period at Dec. 31, 2019	12,726	$ (643)	0	0	8,101	(1,119)	5,744	$ (643)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	340
Other comprehensive income (loss)	(544)
Balance at end of period at Jun. 30, 2020	11,053		0	0	8,120	(1,663)	4,596
Balance at beginning of period at Mar. 31, 2020	11,316		0	0	8,110	(1,662)	4,868
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	173						173
Other comprehensive income (loss)	(1)					(1)
Stock based compensation	10				10
Dividends paid (Note 10)	(400)						(400)
Dividends declared on preferred stock (Note 10)	(45)						(45)
Balance at end of period at Jun. 30, 2020	11,053		0	0	8,120	(1,663)	4,596
Balance at beginning of period at Dec. 31, 2020	13,598		0	0	8,642	(1,309)	6,265
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	878						878
Other comprehensive income (loss)	(23)					(23)
Stock based compensation	8				8
Dividends paid (Note 10)	(661)						(661)
Balance at end of period at Mar. 31, 2021	13,800		0	0	8,650	(1,332)	6,482
Balance at beginning of period at Dec. 31, 2020	13,598		0	0	8,642	(1,309)	6,265
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,058
Other comprehensive income (loss)	103
Balance at end of period at Jun. 30, 2021	14,465		0	0	8,668	(1,206)	7,003
Balance at beginning of period at Mar. 31, 2021	13,800		0	0	8,650	(1,332)	6,482
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,180						1,180
Other comprehensive income (loss)	126					126
Stock based compensation	18				18
Dividends paid (Note 10)	(600)						(600)
Dividends declared on preferred stock (Note 10)	(59)						(59)
Balance at end of period at Jun. 30, 2021	$ 14,465		$ 0	$ 0	$ 8,668	$ (1,206)	$ 7,003

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net income	$ 2,058	$ 340
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,337	3,842
Accretion and amortization of loan and leasing fees	(792)	(1,011)
Undistributed earnings of non-consolidated affiliates, net	(104)	(67)
Provision for loan losses (Note 3)	33	793
Deferred income taxes	212	91
Stock-based compensation expense	26	18
Gain on termination of leased vehicles	(1,158)	(248)
Other operating activities	112	(41)
Changes in assets and liabilities:
Other assets	(10)	(113)
Other liabilities	(177)	472
Related party payables	82	4
Net cash provided by operating activities	3,619	4,080
Cash flows from investing activities
Purchases of retail finance receivables, net	(17,479)	(15,063)
Principal collections and recoveries on retail finance receivables	12,237	9,362
Net collections of commercial finance receivables	3,383	3,952
Purchases of leased vehicles, net	(12,391)	(6,054)
Proceeds from termination of leased vehicles	10,868	5,537
Net loans to related party	0	(938)
Other investing activities	(27)	(19)
Net cash used in investing activities	(3,409)	(3,223)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	2,369	821
Borrowings and issuances of secured debt	15,716	24,771
Payments on secured debt	(16,744)	(24,065)
Borrowings and issuances of unsecured debt	9,974	7,591
Payments on unsecured debt	(9,755)	(5,132)
Debt issuance costs	(105)	(97)
Dividends paid	(1,261)	(845)
Net cash provided by financing activities	194	3,044
Net increase in cash, cash equivalents and restricted cash	404	3,901
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	0	(149)
Cash, cash equivalents and restricted cash at beginning of period	8,126	7,102
Cash, cash equivalents and restricted cash at end of period	8,530	10,854
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	4,378
Restricted cash included in other assets	4,152
Total	$ 8,530	$ 10,854

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
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 transactions and accounts 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 included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the Securities and Exchange Commission (SEC) on February 10, 2021 (2020 Form 10-K). Except as otherwise specified, dollar amounts presented within tables are stated in millions. The condensed consolidated financial statements at June 30, 2021, and for the three and six months ended June 30, 2021 and 2020, 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, 2020 was derived from audited annual financial statements. Segment Information We are the wholly-owned captive finance subsidiary of General Motors Company (GM). We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: North America (the North America Segment) and International (the International Segment). Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investments in joint ventures in China.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
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 make to GM-franchised dealers. 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. During the six months ended June 30, 2021, we made estimated payments of $328 million to GM for state and federal income taxes related to the years 2021 and 2020. Amounts owed to GM for income taxes are accrued and recorded as a related party payable. In addition, amounts due to GM for commercial finance receivables originated but not yet funded are recorded as a related party payable. The following tables present related party transactions: Balance Sheet Data June 30, 2021 December 31, 2020 Commercial finance receivables, net due from dealers consolidated by GM (a) $ 261 $ 398 Subvention receivable (b) $ 590 $ 642 Commercial loan funding payable (c) $ 30 $ 23 Taxes payable (c) $ 325 $ 244 Three Months Ended June 30, Six Months Ended June 30, Income Statement Data 2021 2020 2021 2020 Interest subvention earned on retail finance receivables (d) $ 204 $ 151 $ 383 $ 292 Interest subvention earned on commercial finance receivables (d) $ 7 $ 11 $ 16 $ 26 Leased vehicle subvention earned (e) $ 704 $ 765 $ 1,425 $ 1,570 _________________ (a) Included in finance receivables, net. (b) Included in related party receivables. We received subvention payments from GM of $1.0 billion and $967 million for the three months ended June 30, 2021 and 2020 and $2.0 billion for both the six months ended June 30, 2021 and 2020. (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 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 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 $15.5 billion of GM's unsecured revolving credit facilities consisting of a three-year, $4.3 billion facility and a five-year, $11.2 billion facility. We also have exclusive access to the GM $2.0 billion 364-day revolving credit facility (GM Revolving 364-Day Credit Facility). In April 2021, GM increased the total borrowing capacity of the five-year, $10.5 billion facility to $11.2 billion and extended the termination date for a $9.9 billion portion of the five-year facility by three years, which now matures on April 18, 2026. The termination date of April 18, 2023 for the remaining portion of the five-year facility remains unchanged. GM also renewed and increased the total borrowing capacity of the three-year, $4.0 billion facility to $4.3 billion, which now matures on April 7, 2024, and renewed the GM Revolving 364-Day Credit Facility, which now matures on April 6, 2022. At June 30, 2021, we had no borrowings outstanding under any of the GM revolving credit facilities.

Finance Receivables

Finance Receivables	6 Months Ended
	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables	Finance Receivables June 30, 2021 December 31, 2020 Retail finance receivables Retail finance receivables, net of fees (a) $ 56,357 $ 51,288 Less: allowance for loan losses (1,805) (1,915) Total retail finance receivables, net 54,552 49,373 Commercial finance receivables Commercial finance receivables, net of fees (b) 5,705 9,080 Less: allowance for loan losses (45) (63) Total commercial finance receivables, net 5,660 9,017 Total finance receivables, net $ 60,212 $ 58,390 Fair value utilizing Level 2 inputs $ 5,660 $ 9,017 Fair value utilizing Level 3 inputs $ 56,490 $ 51,645 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs. (b) Net of dealer cash management balances of $1.1 billion and $1.4 billion at June 30, 2021 and December 31, 2020. 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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 Allowance for retail loan losses beginning balance $ 1,784 $ 1,879 $ 1,915 $ 866 Impact of adopting ASU 2016-13 — — — 801 Provision for loan losses 67 332 54 788 Charge-offs (204) (256) (457) (596) Recoveries 144 89 293 245 Foreign currency translation 14 — — (60) Allowance for retail loan losses ending balance $ 1,805 $ 2,044 $ 1,805 $ 2,044 The allowance for retail loan losses decreased by $239 million as of June 30, 2021 compared to June 30, 2020, primarily due to a reduction in the reserve levels established during the six months ended June 30, 2020, following the onset of the COVID-19 pandemic, as a result of actual credit performance that was better than forecast and favorable expectations for future charge-offs and recoveries, reflecting improved forecast economic conditions. These reductions in the reserve levels were partially offset by reserves established for loan originations during the six months ended June 30, 2021. 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. The following tables are consolidated summaries of the amortized cost of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the portfolio at June 30, 2021 and December 31, 2020: Year of Origination June 30, 2021 2021 2020 2019 2018 2017 Prior Total Percent Prime - FICO Score 680 and greater $ 11,303 $ 15,390 $ 5,414 $ 3,263 $ 1,261 $ 328 $ 36,959 65.6 % Near-prime - FICO Score 620 to 679 2,434 3,045 1,639 907 420 168 8,613 15.3 Sub-prime - FICO Score less than 620 2,586 3,193 2,317 1,318 836 535 10,785 19.1 Retail finance receivables, net of fees $ 16,323 $ 21,628 $ 9,370 $ 5,488 $ 2,517 $ 1,031 $ 56,357 100.0 % Year of Origination December 31, 2020 2020 2019 2018 2017 2016 Prior Total Percent Prime - FICO Score 680 and greater $ 18,685 $ 7,033 $ 4,491 $ 1,917 $ 555 $ 119 $ 32,800 64.0 % Near-prime - FICO Score 620 to 679 3,695 2,097 1,232 603 225 83 7,935 15.4 Sub-prime - FICO Score less than 620 3,803 2,920 1,740 1,173 610 307 10,553 20.6 Retail finance receivables, net of fees $ 26,183 $ 12,050 $ 7,463 $ 3,693 $ 1,390 $ 509 $ 51,288 100.0 % 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 tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at June 30, 2021 and December 31, 2020, as well as summary totals for June 30, 2020: Year of Origination June 30, 2021 June 30, 2020 2021 2020 2019 2018 2017 Prior Total Percent Total Percent 0 - 30 days $ 16,224 $ 21,320 $ 9,063 $ 5,285 $ 2,375 $ 920 $ 55,187 97.9 % $ 44,869 96.5 % 31 - 60 days 75 221 222 150 106 82 856 1.5 998 2.2 Greater than 60 days 22 78 77 49 33 27 286 0.5 601 1.3 Finance receivables more than 30 days delinquent 97 299 299 199 139 109 1,142 2.0 1,599 3.5 In repossession 2 9 8 4 3 2 28 0.1 21 0.0 Finance receivables more than 30 days delinquent or in repossession 99 308 307 203 142 111 1,170 2.1 1,620 3.5 Retail finance receivables, net of fees $ 16,323 $ 21,628 $ 9,370 $ 5,488 $ 2,517 $ 1,031 $ 56,357 100.0 % $ 46,489 100.0 % Year of Origination December 31, 2020 2020 2019 2018 2017 2016 Prior Total Percent 0 - 30 days $ 25,894 $ 11,591 $ 7,131 $ 3,454 $ 1,249 $ 421 $ 49,740 97.0 % 31 - 60 days 210 325 235 170 102 61 1,103 2.1 Greater than 60 days 72 123 90 64 37 26 412 0.8 Finance receivables more than 30 days delinquent 282 448 325 234 139 87 1,515 2.9 In repossession 7 11 7 5 2 1 33 0.1 Finance receivables more than 30 days delinquent or in repossession 289 459 332 239 141 88 1,548 3.0 Retail finance receivables, net of fees $ 26,183 $ 12,050 $ 7,463 $ 3,693 $ 1,390 $ 509 $ 51,288 100.0 % The accrual of finance charge income had been suspended on retail finance receivables with contractual amounts due of $555 million and $714 million at June 30, 2021 and December 31, 2020. Impaired Retail Finance Receivables - TDRs The outstanding amortized cost of retail finance receivables that are considered troubled debt restructurings (TDRs) was $2.0 billion, including $213 million in nonaccrual loans at June 30, 2021, and $2.2 billion, including $301 million in nonaccrual loans at December 31, 2020. Additional TDR activity is presented below: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Number of loans classified as TDRs during the period 9,044 14,378 20,420 29,646 Outstanding amortized cost of loans classified as TDRs during the period $ 183 $ 248 $ 417 $ 535 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 $12 million and $17 million for the three months ended June 30, 2021 and 2020 and $22 million and $30 million for the six months ended June 30, 2021 and 2020. 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. Our commercial risk model and risk rating categories are 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 tables summarize the credit risk profile by dealer risk rating of commercial finance receivables at June 30, 2021 and December 31, 2020: Year of Origination (a) June 30, 2021 Dealer Risk Rating Revolving 2021 2020 2019 2018 2017 Prior Total Percent I $ 4,149 $ 227 $ 507 $ 147 $ 56 $ 72 $ 43 $ 5,201 91.2 % II 298 5 18 18 — 11 5 355 6.2 III 103 8 — 3 28 2 5 149 2.6 IV — — — — — — — — — Balance at end of period $ 4,550 $ 240 $ 525 $ 168 $ 84 $ 85 $ 53 $ 5,705 100.0 % ________________ (a) Floorplan advances comprise 94% of the total revolving balance. Dealer term loans are presented by year of origination. Year of Origination (a) December 31, 2020 Dealer Risk Rating Revolving 2020 2019 2018 2017 2016 Prior Total Percent I $ 7,210 $ 579 $ 179 $ 77 $ 110 $ 43 $ 19 $ 8,217 90.5 % II 508 2 18 11 15 18 34 606 6.7 III 203 — 8 29 2 11 — 253 2.8 IV — — — — — — 4 4 0.0 Balance at end of period $ 7,921 $ 581 $ 205 $ 117 $ 127 $ 72 $ 57 $ 9,080 100.0 % ________________ (a) Floorplan advances comprise 97% of the total revolving balance. Dealer term loans are presented by year of origination.

Leased Vehicles

Leased Vehicles	6 Months Ended
	Jun. 30, 2021
Lessor Disclosure [Abstract]
Leased Vehicles	Leased Vehicles June 30, 2021 December 31, 2020 Leased vehicles $ 58,702 $ 58,915 Manufacturer subvention (8,485) (8,915) Net capitalized cost 50,217 50,000 Less: accumulated depreciation (9,621) (10,181) Leased vehicles, net $ 40,596 $ 39,819 Depreciation expense related to leased vehicles, net was $1.5 billion and $1.9 billion in the three months ended June 30, 2021 and 2020 and $3.2 billion and $3.7 billion in the six months ended June 30, 2021 and 2020. The following table summarizes minimum rental payments due to us as lessor under operating leases at June 30, 2021: Years Ending December 31, 2021 2022 2023 2024 2025 Thereafter Total Lease payments under operating leases $ 3,315 $ 5,016 $ 2,695 $ 559 $ 30 $ — $ 11,615

Equity in Net Assets of Non-con

Equity in Net Assets of Non-consolidated Affiliates	6 Months Ended
	Jun. 30, 2021
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, 2020. The following table presents certain aggregated operating data of our joint ventures: Three Months Ended June 30, Six Months Ended June 30, Summarized Operating Data 2021 2020 2021 2020 Finance charge income $ 418 $ 335 $ 848 $ 694 Income before income taxes $ 191 $ 158 $ 394 $ 254 Net income $ 143 $ 118 $ 296 $ 190 At June 30, 2021 and December 31, 2020, we had undistributed earnings of $751 million and $647 million related to our non-consolidated affiliates. In July 2021, SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC) declared a $309 million cash dividend of which our share was $108 million. The dividend payment, net of tax, is expected to be received in the fourth quarter of 2021.

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt June 30, 2021 December 31, 2020 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 1,268 $ 1,267 $ 3,733 $ 3,735 Securitization notes payable 37,731 38,005 36,249 36,645 Total secured debt 38,999 39,272 39,982 40,380 Unsecured debt Senior notes 47,819 49,755 46,798 48,922 Credit facilities 1,298 1,291 1,535 1,531 Other unsecured debt 5,454 5,449 4,110 4,115 Total unsecured debt 54,571 56,495 52,443 54,568 Total secured and unsecured debt $ 93,570 $ 95,767 $ 92,425 $ 94,948 Fair value utilizing Level 2 inputs $ 93,907 $ 92,922 Fair value utilizing Level 3 inputs $ 1,860 $ 2,026 Secured Debt Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged assets. Refer to Note 7 for further information. During the six months ended June 30, 2021, we renewed credit facilities with a total borrowing capacity of $18.7 billion, and we issued $13.4 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 0.75% and maturity dates ranging from 2022 to 2028. Unsecured Debt During the six months ended June 30, 2021, we issued $8.3 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 1.65% and maturity dates ranging from 2024 to 2031. In July 2021, we issued CAD $400 million in senior notes with an interest rate of 1.70% due in 2025. General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' unsecured debt obligations for which a guarantee is provided. Compliance with Debt Covenants Several of our revolving credit facilities require compliance with certain financial and operational covenants as well as regular reporting to lenders, including providing certain subsidiary financial statements. Certain of our secured debt agreements also contain various covenants, including maintaining portfolio performance ratios as well as limits on deferment levels. Our unsecured debt obligations contain covenants including limitations on our ability to incur certain liens. At June 30, 2021, we were in compliance with these debt covenants.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2021
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The following table summarizes the assets and liabilities related to our consolidated VIEs: June 30, 2021 December 31, 2020 Restricted cash (a) $ 3,667 $ 2,639 Finance receivables, net of fees $ 27,993 $ 32,575 Lease related assets $ 17,413 $ 16,322 Secured debt $ 38,601 $ 39,424 _______________ (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 respective assets of the VIEs serve as the sole source of repayment for the debt issued by these entities. Investors in the notes issued by the VIEs do not have recourse to 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. Other Transfers of Finance Receivables Under certain debt agreements, we transfer finance receivables to entities that we do not control through majority voting interest or through contractual arrangements. These transfers do not meet the criteria to be considered sales under GAAP; therefore, the finance receivables and the related debt are included in our condensed consolidated financial statements, similar to the treatment of finance receivables and related debt of our consolidated VIEs. Any collections received on the transferred receivables are available only for the repayment of the related debt. At June 30, 2021 and December 31, 2020, $524 million and $863 million in finance receivables had been transferred in secured funding arrangements to third-party banks, relating to $468 million and $622 million in secured debt outstanding.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2021
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: June 30, 2021 December 31, 2020 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 $ 18,112 $ 319 $ 75 $ 10,064 $ 463 $ 13 Foreign currency swaps 712 — 30 1,958 128 9 Cash flow hedges Interest rate swaps 835 4 14 921 — 27 Foreign currency swaps 6,418 204 99 5,626 278 47 Derivatives not designated as hedges Interest rate contracts 108,734 778 409 110,997 954 576 Total (b) $ 134,811 $ 1,305 $ 627 $ 129,566 $ 1,823 $ 672 _________________ (a) The gross amounts of the fair value of our derivative instruments that are classified as assets or liabilities are included in other assets or 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 June 30, 2021 and December 31, 2020, the fair value of derivative instruments that are classified as assets or liabilities available for offset was $472 million and $501 million. At June 30, 2021 and December 31, 2020, we held $509 million and $728 million of collateral from counterparties that is available for netting against our asset positions. At June 30, 2021 and December 31, 2020, we posted $104 million and $139 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) June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Unsecured debt $ 24,622 $ 23,315 $ (381) $ (739) _________________ (a) Includes $223 million and $200 million of unamortized gains remaining on hedged items for which hedge accounting has been discontinued at June 30, 2021 and December 31, 2020. The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of income: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ (107) $ — $ (66) $ — $ 245 $ — $ (569) $ — Interest rate swaps 118 — (56) — (217) — 375 — Hedged items - foreign currency swaps (c) — (45) — (41) — 32 — (1) Foreign currency swaps (4) 48 (9) 43 (9) (28) (21) 4 Cash flow hedges Interest rate swaps (5) — (2) — (10) — (3) — Hedged items - foreign currency swaps (c) — (38) — (113) — 152 — (7) Foreign currency swaps (30) 38 (28) 113 (60) (152) (57) 7 Derivatives not designated as hedges Interest rate contracts 19 — 109 — 39 — 161 — Total (losses) income recognized $ (9) $ 3 $ (52) $ 2 $ (12) $ 4 $ (114) $ 3 _________________ (a) Total interest expense was $633 million and $788 million for the three months ended June 30, 2021 and 2020 and $1.3 billion and $1.6 billion for the six months ended June 30, 2021 and 2020. (b) Total operating expenses were $378 million and $345 million for the three months ended June 30, 2021 and 2020 and $789 million and $703 million for the six months ended June 30, 2021 and 2020. (c) Transaction activity recorded in operating expenses related to foreign currency-denominated loans. The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income: Gains (Losses) Recognized In Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Fair value hedges Foreign currency swaps $ (1) $ (7) $ (4) $ (12) Cash flow hedges Interest rate swaps 1 (9) 6 (15) Foreign currency swaps (6) 39 (131) (180) Total $ (6) $ 23 $ (129) $ (207) (Gains) Losses Reclassified From (a)(b) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Fair value hedges Foreign currency swaps $ 1 $ 5 $ 4 $ 13 Cash flow hedges Interest rate swaps 4 1 7 2 Foreign currency swaps (6) (63) 160 41 Total $ (1) $ (57) $ 171 $ 56 _________________ (a) All amounts reclassified from accumulated other comprehensive loss were recorded to interest expense. (b) During the next twelve months, we estimate $74 million in losses will be reclassified into pre-tax earnings from derivatives designated for hedge accounting.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies 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 June 30, 2021, we estimated our reasonably possible legal exposure for unfavorable outcomes is approximately $234 million, and we have accrued $76 million. 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 June 30, 2021.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Stockholders' Equity	Shareholders' Equity June 30, 2021 December 31, 2020 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 During the six months ended June 30, 2021 and 2020, our Board of Directors declared and paid dividends of $1.2 billion and $800 million on our common stock to General Motors Holdings LLC. June 30, 2021 December 31, 2020 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, 1,000,000 1,000,000 Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, 500,000 500,000 Fixed-Rate Reset Cumulative Perpetual Preferred Stock, 500,000 500,000 During the six months ended June 30, 2021, we paid dividends of $29 million to holders of record of our Series A Preferred Stock, $16 million to holders of record of our Series B Preferred Stock, and $16 million to holders of record of our Series C Preferred Stock. During the six months ended June 30, 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. On June 17, 2021, our Board of Directors declared a dividend of $28.75 per share, $29 million in the aggregate, on our Series A Preferred Stock, a dividend of $32.50 per share, $16 million in the aggregate, on our Series B Preferred Stock, and a dividend of $28.50 per share, $14 million in the aggregate, on our Series C Preferred Stock, payable on September 30, 2021 to holders of record at September 15, 2021. Accordingly, $59 million has been set aside for the payment of these dividends. The following table summarizes the significant components of accumulated other comprehensive loss: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Unrealized loss on hedges Beginning balance $ (108) $ (166) $ (157) $ (49) Change in value of hedges, net of tax (7) (34) 42 (151) Ending balance (115) (200) (115) (200) Defined benefit plans Beginning balance 1 1 1 1 Unrealized gain on subsidiary pension, net of tax — — — — Ending balance 1 1 1 1 Foreign currency translation adjustment Beginning balance (1,225) (1,497) (1,153) (1,071) Translation gain (loss), net of tax 133 33 61 (393) Ending balance (1,092) (1,464) (1,092) (1,464) Total accumulated other comprehensive loss $ (1,206) $ (1,663) $ (1,206) $ (1,663)

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
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. We are included in GM’s consolidated U.S. federal income tax return and 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 our financial statements as if we filed our own tax returns in each jurisdiction. Refer to Note 2 for further information on related party taxes payable.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 Three Months Ended June 30, 2020 North International Total North International Total Total revenue $ 3,188 $ 238 $ 3,426 $ 3,197 $ 226 $ 3,423 Operating expenses 302 76 378 273 72 345 Leased vehicle expenses 813 12 825 1,768 11 1,779 Provision for loan losses 36 23 59 244 83 327 Interest expense 575 58 633 710 78 788 Equity income — 50 50 — 42 42 Income before income taxes $ 1,462 $ 119 $ 1,581 $ 202 $ 24 $ 226 Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 North International Total North International Total Total revenue $ 6,359 $ 474 $ 6,833 $ 6,474 $ 510 $ 6,984 Operating expenses 641 148 789 567 136 703 Leased vehicle expenses 2,044 25 2,069 3,452 24 3,476 Provision for loan losses (8) 41 33 635 158 793 Interest expense 1,167 116 1,283 1,448 175 1,623 Equity income — 104 104 — 67 67 Income before income taxes $ 2,515 $ 248 $ 2,763 $ 372 $ 84 $ 456 June 30, 2021 December 31, 2020 North International Total North International Total Finance receivables, net $ 55,514 $ 4,698 $ 60,212 $ 53,332 $ 5,058 $ 58,390 Leased vehicles, net $ 40,421 $ 175 $ 40,596 $ 39,656 $ 163 $ 39,819 Total assets $ 108,127 $ 7,795 $ 115,922 $ 105,507 $ 8,318 $ 113,825

Regulatory Capital and Other Re

Regulatory Capital and Other Regulatory Matters	6 Months Ended
	Jun. 30, 2021
Regulatory Capital and Other Regulatory Matters [Abstract]
Regulatory Capital and Other Regulatory Matters	Regulatory Capital and Other Regulatory MattersWe 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 $5.6 billion and $6.2 billion at June 30, 2021 and December 31, 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
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 transactions and accounts 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 included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the Securities and Exchange Commission (SEC) on February 10, 2021 (2020 Form 10-K). Except as otherwise specified, dollar amounts presented within tables are stated in millions. The condensed consolidated financial statements at June 30, 2021, and for the three and six months ended June 30, 2021 and 2020, 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, 2020 was derived from audited annual financial statements.
Segment Information	Segment Information We are the wholly-owned captive finance subsidiary of General Motors Company (GM). We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: North America (the North America Segment) and International (the International Segment). Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investments in joint ventures in China.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In January 2021, the Financial Accounting Standards Board issued ASU 2021-01, "Reference Rate Reform (Topic 848): Scope," which amended Topic 848 reference rate reform to clarify the scope and availability of expedients for certain derivative instruments affected by reference rate reform. We have elected various optional expedients in Topic 848 related to hedging relationships and expect to make future elections related to contract modifications and other hedging relationships. The future election and application of these expedients are not expected to have a material impact on our consolidated financial statements.

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following tables present related party transactions: Balance Sheet Data June 30, 2021 December 31, 2020 Commercial finance receivables, net due from dealers consolidated by GM (a) $ 261 $ 398 Subvention receivable (b) $ 590 $ 642 Commercial loan funding payable (c) $ 30 $ 23 Taxes payable (c) $ 325 $ 244 Three Months Ended June 30, Six Months Ended June 30, Income Statement Data 2021 2020 2021 2020 Interest subvention earned on retail finance receivables (d) $ 204 $ 151 $ 383 $ 292 Interest subvention earned on commercial finance receivables (d) $ 7 $ 11 $ 16 $ 26 Leased vehicle subvention earned (e) $ 704 $ 765 $ 1,425 $ 1,570 _________________ (a) Included in finance receivables, net. (b) Included in related party receivables. We received subvention payments from GM of $1.0 billion and $967 million for the three months ended June 30, 2021 and 2020 and $2.0 billion for both the six months ended June 30, 2021 and 2020. (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)	6 Months Ended
	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables, Net	June 30, 2021 December 31, 2020 Retail finance receivables Retail finance receivables, net of fees (a) $ 56,357 $ 51,288 Less: allowance for loan losses (1,805) (1,915) Total retail finance receivables, net 54,552 49,373 Commercial finance receivables Commercial finance receivables, net of fees (b) 5,705 9,080 Less: allowance for loan losses (45) (63) Total commercial finance receivables, net 5,660 9,017 Total finance receivables, net $ 60,212 $ 58,390 Fair value utilizing Level 2 inputs $ 5,660 $ 9,017 Fair value utilizing Level 3 inputs $ 56,490 $ 51,645 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs. (b) Net of dealer cash management balances of $1.1 billion and $1.4 billion at June 30, 2021 and December 31, 2020.
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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 Allowance for retail loan losses beginning balance $ 1,784 $ 1,879 $ 1,915 $ 866 Impact of adopting ASU 2016-13 — — — 801 Provision for loan losses 67 332 54 788 Charge-offs (204) (256) (457) (596) Recoveries 144 89 293 245 Foreign currency translation 14 — — (60) Allowance for retail loan losses ending balance $ 1,805 $ 2,044 $ 1,805 $ 2,044
Financing Receivable Credit Quality Indicators	The following tables are consolidated summaries of the amortized cost of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the portfolio at June 30, 2021 and December 31, 2020: Year of Origination June 30, 2021 2021 2020 2019 2018 2017 Prior Total Percent Prime - FICO Score 680 and greater $ 11,303 $ 15,390 $ 5,414 $ 3,263 $ 1,261 $ 328 $ 36,959 65.6 % Near-prime - FICO Score 620 to 679 2,434 3,045 1,639 907 420 168 8,613 15.3 Sub-prime - FICO Score less than 620 2,586 3,193 2,317 1,318 836 535 10,785 19.1 Retail finance receivables, net of fees $ 16,323 $ 21,628 $ 9,370 $ 5,488 $ 2,517 $ 1,031 $ 56,357 100.0 % Year of Origination December 31, 2020 2020 2019 2018 2017 2016 Prior Total Percent Prime - FICO Score 680 and greater $ 18,685 $ 7,033 $ 4,491 $ 1,917 $ 555 $ 119 $ 32,800 64.0 % Near-prime - FICO Score 620 to 679 3,695 2,097 1,232 603 225 83 7,935 15.4 Sub-prime - FICO Score less than 620 3,803 2,920 1,740 1,173 610 307 10,553 20.6 Retail finance receivables, net of fees $ 26,183 $ 12,050 $ 7,463 $ 3,693 $ 1,390 $ 509 $ 51,288 100.0 % Our commercial risk model and risk rating categories are 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. Year of Origination (a) June 30, 2021 Dealer Risk Rating Revolving 2021 2020 2019 2018 2017 Prior Total Percent I $ 4,149 $ 227 $ 507 $ 147 $ 56 $ 72 $ 43 $ 5,201 91.2 % II 298 5 18 18 — 11 5 355 6.2 III 103 8 — 3 28 2 5 149 2.6 IV — — — — — — — — — Balance at end of period $ 4,550 $ 240 $ 525 $ 168 $ 84 $ 85 $ 53 $ 5,705 100.0 % ________________ (a) Floorplan advances comprise 94% of the total revolving balance. Dealer term loans are presented by year of origination. Year of Origination (a) December 31, 2020 Dealer Risk Rating Revolving 2020 2019 2018 2017 2016 Prior Total Percent I $ 7,210 $ 579 $ 179 $ 77 $ 110 $ 43 $ 19 $ 8,217 90.5 % II 508 2 18 11 15 18 34 606 6.7 III 203 — 8 29 2 11 — 253 2.8 IV — — — — — — 4 4 0.0 Balance at end of period $ 7,921 $ 581 $ 205 $ 117 $ 127 $ 72 $ 57 $ 9,080 100.0 % ________________ (a) Floorplan advances comprise 97% of the total revolving balance. Dealer term loans are presented by year of origination.
Past Due Financing Receivables	The following tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at June 30, 2021 and December 31, 2020, as well as summary totals for June 30, 2020: Year of Origination June 30, 2021 June 30, 2020 2021 2020 2019 2018 2017 Prior Total Percent Total Percent 0 - 30 days $ 16,224 $ 21,320 $ 9,063 $ 5,285 $ 2,375 $ 920 $ 55,187 97.9 % $ 44,869 96.5 % 31 - 60 days 75 221 222 150 106 82 856 1.5 998 2.2 Greater than 60 days 22 78 77 49 33 27 286 0.5 601 1.3 Finance receivables more than 30 days delinquent 97 299 299 199 139 109 1,142 2.0 1,599 3.5 In repossession 2 9 8 4 3 2 28 0.1 21 0.0 Finance receivables more than 30 days delinquent or in repossession 99 308 307 203 142 111 1,170 2.1 1,620 3.5 Retail finance receivables, net of fees $ 16,323 $ 21,628 $ 9,370 $ 5,488 $ 2,517 $ 1,031 $ 56,357 100.0 % $ 46,489 100.0 % Year of Origination December 31, 2020 2020 2019 2018 2017 2016 Prior Total Percent 0 - 30 days $ 25,894 $ 11,591 $ 7,131 $ 3,454 $ 1,249 $ 421 $ 49,740 97.0 % 31 - 60 days 210 325 235 170 102 61 1,103 2.1 Greater than 60 days 72 123 90 64 37 26 412 0.8 Finance receivables more than 30 days delinquent 282 448 325 234 139 87 1,515 2.9 In repossession 7 11 7 5 2 1 33 0.1 Finance receivables more than 30 days delinquent or in repossession 289 459 332 239 141 88 1,548 3.0 Retail finance receivables, net of fees $ 26,183 $ 12,050 $ 7,463 $ 3,693 $ 1,390 $ 509 $ 51,288 100.0 %
Troubled Debt Restructurings on Financing Receivables	Additional TDR activity is presented below: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Number of loans classified as TDRs during the period 9,044 14,378 20,420 29,646 Outstanding amortized cost of loans classified as TDRs during the period $ 183 $ 248 $ 417 $ 535

Leased Vehicles (Tables)

Leased Vehicles (Tables)	6 Months Ended
	Jun. 30, 2021
Lessor Disclosure [Abstract]
Summary of Leased Vehicles	June 30, 2021 December 31, 2020 Leased vehicles $ 58,702 $ 58,915 Manufacturer subvention (8,485) (8,915) Net capitalized cost 50,217 50,000 Less: accumulated depreciation (9,621) (10,181) Leased vehicles, net $ 40,596 $ 39,819
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 June 30, 2021: Years Ending December 31, 2021 2022 2023 2024 2025 Thereafter Total Lease payments under operating leases $ 3,315 $ 5,016 $ 2,695 $ 559 $ 30 $ — $ 11,615

Equity in Net Assets of Non-c_2

Equity in Net Assets of Non-consolidated Affiliates (Tables)	6 Months Ended
	Jun. 30, 2021
Noncontrolling Interest [Abstract]
Summarized Financial Data of Nonconsolidated Affiliates	The following table presents certain aggregated operating data of our joint ventures: Three Months Ended June 30, Six Months Ended June 30, Summarized Operating Data 2021 2020 2021 2020 Finance charge income $ 418 $ 335 $ 848 $ 694 Income before income taxes $ 191 $ 158 $ 394 $ 254 Net income $ 143 $ 118 $ 296 $ 190

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	June 30, 2021 December 31, 2020 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 1,268 $ 1,267 $ 3,733 $ 3,735 Securitization notes payable 37,731 38,005 36,249 36,645 Total secured debt 38,999 39,272 39,982 40,380 Unsecured debt Senior notes 47,819 49,755 46,798 48,922 Credit facilities 1,298 1,291 1,535 1,531 Other unsecured debt 5,454 5,449 4,110 4,115 Total unsecured debt 54,571 56,495 52,443 54,568 Total secured and unsecured debt $ 93,570 $ 95,767 $ 92,425 $ 94,948 Fair value utilizing Level 2 inputs $ 93,907 $ 92,922 Fair value utilizing Level 3 inputs $ 1,860 $ 2,026

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2021
Securitization and Credit Facility VIEs
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes the assets and liabilities related to our consolidated VIEs: June 30, 2021 December 31, 2020 Restricted cash (a) $ 3,667 $ 2,639 Finance receivables, net of fees $ 27,993 $ 32,575 Lease related assets $ 17,413 $ 16,322 Secured debt $ 38,601 $ 39,424 _______________ (a) Included in other assets.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2021
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: June 30, 2021 December 31, 2020 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 $ 18,112 $ 319 $ 75 $ 10,064 $ 463 $ 13 Foreign currency swaps 712 — 30 1,958 128 9 Cash flow hedges Interest rate swaps 835 4 14 921 — 27 Foreign currency swaps 6,418 204 99 5,626 278 47 Derivatives not designated as hedges Interest rate contracts 108,734 778 409 110,997 954 576 Total (b) $ 134,811 $ 1,305 $ 627 $ 129,566 $ 1,823 $ 672 _________________ (a) The gross amounts of the fair value of our derivative instruments that are classified as assets or liabilities are included in other assets or 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 June 30, 2021 and December 31, 2020, the fair value of derivative instruments that are classified as assets or liabilities available for offset was $472 million and $501 million. At June 30, 2021 and December 31, 2020, we held $509 million and $728 million of collateral from counterparties that is available for netting against our asset positions. At June 30, 2021 and December 31, 2020, we posted $104 million and $139 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) June 30, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Unsecured debt $ 24,622 $ 23,315 $ (381) $ (739) _________________ (a) Includes $223 million and $200 million of unamortized gains remaining on hedged items for which hedge accounting has been discontinued at June 30, 2021 and December 31, 2020.
Effect of Derivative Instruments on the Condensed Consolidated Statements of Income	The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of income: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ (107) $ — $ (66) $ — $ 245 $ — $ (569) $ — Interest rate swaps 118 — (56) — (217) — 375 — Hedged items - foreign currency swaps (c) — (45) — (41) — 32 — (1) Foreign currency swaps (4) 48 (9) 43 (9) (28) (21) 4 Cash flow hedges Interest rate swaps (5) — (2) — (10) — (3) — Hedged items - foreign currency swaps (c) — (38) — (113) — 152 — (7) Foreign currency swaps (30) 38 (28) 113 (60) (152) (57) 7 Derivatives not designated as hedges Interest rate contracts 19 — 109 — 39 — 161 — Total (losses) income recognized $ (9) $ 3 $ (52) $ 2 $ (12) $ 4 $ (114) $ 3 _________________ (a) Total interest expense was $633 million and $788 million for the three months ended June 30, 2021 and 2020 and $1.3 billion and $1.6 billion for the six months ended June 30, 2021 and 2020. (b) Total operating expenses were $378 million and $345 million for the three months ended June 30, 2021 and 2020 and $789 million and $703 million for the six months ended June 30, 2021 and 2020. (c) Transaction activity recorded in operating expenses related to foreign currency-denominated loans. The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income: Gains (Losses) Recognized In Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Fair value hedges Foreign currency swaps $ (1) $ (7) $ (4) $ (12) Cash flow hedges Interest rate swaps 1 (9) 6 (15) Foreign currency swaps (6) 39 (131) (180) Total $ (6) $ 23 $ (129) $ (207) (Gains) Losses Reclassified From (a)(b) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Fair value hedges Foreign currency swaps $ 1 $ 5 $ 4 $ 13 Cash flow hedges Interest rate swaps 4 1 7 2 Foreign currency swaps (6) (63) 160 41 Total $ (1) $ (57) $ 171 $ 56 _________________ (a) All amounts reclassified from accumulated other comprehensive loss were recorded to interest expense. (b) During the next twelve months, we estimate $74 million in losses will be reclassified into pre-tax earnings from derivatives designated for hedge accounting.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Summary of Common and Preferred Stock	June 30, 2021 December 31, 2020 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 During the six months ended June 30, 2021 and 2020, our Board of Directors declared and paid dividends of $1.2 billion and $800 million on our common stock to General Motors Holdings LLC. June 30, 2021 December 31, 2020 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, 1,000,000 1,000,000 Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, 500,000 500,000 Fixed-Rate Reset Cumulative Perpetual 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 June 30, Six Months Ended June 30, 2021 2020 2021 2020 Unrealized loss on hedges Beginning balance $ (108) $ (166) $ (157) $ (49) Change in value of hedges, net of tax (7) (34) 42 (151) Ending balance (115) (200) (115) (200) Defined benefit plans Beginning balance 1 1 1 1 Unrealized gain on subsidiary pension, net of tax — — — — Ending balance 1 1 1 1 Foreign currency translation adjustment Beginning balance (1,225) (1,497) (1,153) (1,071) Translation gain (loss), net of tax 133 33 61 (393) Ending balance (1,092) (1,464) (1,092) (1,464) Total accumulated other comprehensive loss $ (1,206) $ (1,663) $ (1,206) $ (1,663)

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Key operating data for our operating segments were as follows: Three Months Ended June 30, 2021 Three Months Ended June 30, 2020 North International Total North International Total Total revenue $ 3,188 $ 238 $ 3,426 $ 3,197 $ 226 $ 3,423 Operating expenses 302 76 378 273 72 345 Leased vehicle expenses 813 12 825 1,768 11 1,779 Provision for loan losses 36 23 59 244 83 327 Interest expense 575 58 633 710 78 788 Equity income — 50 50 — 42 42 Income before income taxes $ 1,462 $ 119 $ 1,581 $ 202 $ 24 $ 226 Six Months Ended June 30, 2021 Six Months Ended June 30, 2020 North International Total North International Total Total revenue $ 6,359 $ 474 $ 6,833 $ 6,474 $ 510 $ 6,984 Operating expenses 641 148 789 567 136 703 Leased vehicle expenses 2,044 25 2,069 3,452 24 3,476 Provision for loan losses (8) 41 33 635 158 793 Interest expense 1,167 116 1,283 1,448 175 1,623 Equity income — 104 104 — 67 67 Income before income taxes $ 2,515 $ 248 $ 2,763 $ 372 $ 84 $ 456 June 30, 2021 December 31, 2020 North International Total North International Total Finance receivables, net $ 55,514 $ 4,698 $ 60,212 $ 53,332 $ 5,058 $ 58,390 Leased vehicles, net $ 40,421 $ 175 $ 40,596 $ 39,656 $ 163 $ 39,819 Total assets $ 108,127 $ 7,795 $ 115,922 $ 105,507 $ 8,318 $ 113,825

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	6 Months Ended
	Jun. 30, 2021segment
Accounting Policies [Abstract]
Number of operating segments	2

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Finance receivables, net (Note 3; Note 7 VIEs)	$ 60,212		$ 60,212		$ 58,390
Commercial Finance Receivables
Related Party Transaction [Line Items]
Finance receivables, net (Note 3; Note 7 VIEs)	5,660		5,660		9,017
Retail Finance Receivables
Related Party Transaction [Line Items]
Finance receivables, net (Note 3; Note 7 VIEs)	54,552		54,552		49,373
Affiliated Entity
Related Party Transaction [Line Items]
Subvention receivable	590		590		642
Leased vehicle subvention earned	704	$ 765	1,425	$ 1,570
Affiliated Entity | Commercial Finance Receivables
Related Party Transaction [Line Items]
Finance receivables, net (Note 3; Note 7 VIEs)	261		261		398
Commercial loan funding payable	30		30		23
Taxes payable	325		325		$ 244
Interest subvention earned	7	11	16	26
Affiliated Entity | Retail Finance Receivables
Related Party Transaction [Line Items]
Interest subvention earned	204	151	383	292
Parent Company
Related Party Transaction [Line Items]
Revenue from related parties	$ 1,000	$ 967	$ 2,000	$ 2,000

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Apr. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	May 31, 2021
Related Party Transaction [Line Items]
Related party tax payment			$ 328,000,000
Junior Subordinated Revolving Credit Facility | General Motors
Related Party Transaction [Line Items]
Line of credit facilities - GM Related party facility			1,000,000,000
Revolving Credit Facility
Related Party Transaction [Line Items]
Maximum borrowing capacity			18,700,000,000
Line of Credit | Revolving Credit Facility | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 15,500,000,000
Long-term line of credit			0
Line of Credit | Revolving Credit Facility | Three Year Revolving Credit Facility Expiring April 2024 | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 4,300,000,000
Debt instrument term	3 years
Line of Credit | Revolving Credit Facility | Five Year Revolving Credit Facility | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 11,200,000,000	$ 10,500,000,000
Debt instrument term	5 years	5 years
Line of Credit | Revolving Credit Facility | Three Hundred and Sixty-Four Day Revolving Credit Facilities | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity			$ 2,000,000,000
Debt instrument term			364 days
Line of Credit | Revolving Credit Facility | Five Year Revolving Credit Facility Expiring April 2026 | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 9,900,000,000
Line of credit facility extension period	3 years
Line of Credit | Revolving Credit Facility | Three Year Revolving Credit Facility Expiring April 2022 | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity		$ 4,000,000,000
Debt instrument term		3 years
Line of Credit | Amended July 2019 July Credit Agreement | Cruise
Related Party Transaction [Line Items]
Maximum borrowing capacity				$ 5,200,000,000

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease to allowance for loan losses during period					$ 239
Retail Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 555		$ 555		555	$ 714
Troubled debt restructurings	2,000		2,000		2,000	2,200
TDRs - Nonaccrual loans	213		213		$ 213	$ 301
TDR's - subsequent default	$ 12	$ 17	$ 22	$ 30

Finance Receivables - Finance R

Finance Receivables - Finance Receivables, net (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, net	$ 60,212		$ 58,390
Level 2
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	5,660		9,017
Level 3
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	56,490		51,645
Retail Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	56,357		51,288	$ 46,489
Less: allowance for loan losses	(1,805)	$ (1,784)	(1,915)	$ (2,044)	$ (1,879)	$ (866)
Total finance receivables, net	54,552		49,373
Commercial Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	5,705		9,080
Less: allowance for loan losses	(45)		(63)
Total finance receivables, net	5,660		9,017
Dealer cash management balances	$ 1,100		$ 1,400

Finance Receivables - Allowance

Finance Receivables - Allowance for Loan Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision for loan losses	$ 59	$ 327	$ 33	$ 793
Retail Finance Receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	1,784	1,879	1,915	866
Provision for loan losses	67	332	54	788
Charge-offs	(204)	(256)	(457)	(596)
Recoveries	144	89	293	245
Foreign currency translation	14	0	0	(60)
Allowance for retail loan losses ending balance	1,805	2,044	1,805	2,044
Retail Finance Receivables | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	$ 0	$ 0	$ 0	$ 801

Finance Receivables - Credit Ri

Finance Receivables - Credit Risk Profile by FICO Score (Details) - Retail Finance Receivables - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 16,323	$ 26,183
2020	21,628	12,050
2019	9,370	7,463
2018	5,488	3,693
2017	2,517	1,390
Prior	1,031	509
Total	$ 56,357	$ 51,288	$ 46,489
Percent of portfolio	100.00%	100.00%
Prime - FICO Score 680 and greater
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 11,303	$ 18,685
2020	15,390	7,033
2019	5,414	4,491
2018	3,263	1,917
2017	1,261	555
Prior	328	119
Total	$ 36,959	$ 32,800
Percent of portfolio	65.60%	64.00%
Near-prime - FICO Score 620 to 679
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 2,434	$ 3,695
2020	3,045	2,097
2019	1,639	1,232
2018	907	603
2017	420	225
Prior	168	83
Total	$ 8,613	$ 7,935
Percent of portfolio	15.30%	15.40%
Sub-prime - FICO Score less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 2,586	$ 3,803
2020	3,193	2,920
2019	2,317	1,740
2018	1,318	1,173
2017	836	610
Prior	535	307
Total	$ 10,785	$ 10,553
Percent of portfolio	19.10%	20.60%

Finance Receivables - Delinquen

Finance Receivables - Delinquency (Details) - Retail Finance Receivables - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Financing Receivable, Past Due [Line Items]
2021	$ 16,323	$ 26,183
2020	21,628	12,050
2019	9,370	7,463
2018	5,488	3,693
2017	2,517	1,390
Prior	1,031	509
Total	$ 56,357	$ 51,288	$ 46,489
Financing receivable past due (percent)	100.00%	100.00%	100.00%
Performing Financial Instruments | 0 - 30 days
Financing Receivable, Past Due [Line Items]
2021	$ 16,224	$ 25,894
2020	21,320	11,591
2019	9,063	7,131
2018	5,285	3,454
2017	2,375	1,249
Prior	920	421
Total	$ 55,187	$ 49,740	$ 44,869
Financing receivable past due (percent)	97.90%	97.00%	96.50%
Nonperforming Financial Instruments | 31 - 60 days
Financing Receivable, Past Due [Line Items]
2021	$ 75	$ 210
2020	221	325
2019	222	235
2018	150	170
2017	106	102
Prior	82	61
Total	$ 856	$ 1,103	$ 998
Financing receivable past due (percent)	1.50%	2.10%	2.20%
Nonperforming Financial Instruments | Greater than 60 days
Financing Receivable, Past Due [Line Items]
2021	$ 22	$ 72
2020	78	123
2019	77	90
2018	49	64
2017	33	37
Prior	27	26
Total	$ 286	$ 412	$ 601
Financing receivable past due (percent)	0.50%	0.80%	1.30%
Nonperforming Financial Instruments | Finance receivables more than 30 days delinquent
Financing Receivable, Past Due [Line Items]
2021	$ 97	$ 282
2020	299	448
2019	299	325
2018	199	234
2017	139	139
Prior	109	87
Total	$ 1,142	$ 1,515	$ 1,599
Financing receivable past due (percent)	2.00%	2.90%	3.50%
Nonperforming Financial Instruments | In repossession
Financing Receivable, Past Due [Line Items]
2021	$ 2	$ 7
2020	9	11
2019	8	7
2018	4	5
2017	3	2
Prior	2	1
Total	$ 28	$ 33	$ 21
Financing receivable past due (percent)	0.10%	0.10%	0.00%
Nonperforming Financial Instruments | Finance receivables more than 30 days delinquent or in repossession
Financing Receivable, Past Due [Line Items]
2021	$ 99	$ 289
2020	308	459
2019	307	332
2018	203	239
2017	142	141
Prior	111	88
Total	$ 1,170	$ 1,548	$ 1,620
Financing receivable past due (percent)	2.10%	3.00%	3.50%

Finance Receivables - Troubled

Finance Receivables - Troubled Debt Restructurings (Details) - Retail Finance Receivables $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans classified as TDRs during the period | loan	9,044	14,378	20,420	29,646
Outstanding amortized cost of loans classified as TDRs during the period | $	$ 183	$ 248	$ 417	$ 535

Finance Receivables - Credit _2

Finance Receivables - Credit Risk Profile by Dealer (Details) - Commercial Finance Receivables - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 4,550	$ 7,921
2021	240	581
2020	525	205
2019	168	117
2018	84	127
2017	85	72
Prior	53	57
Total	$ 5,705	$ 9,080
Percent of portfolio	100.00%	100.00%
Floorplan Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of revolving balance	94.00%	97.00%
Group I - Performing accounts with strong to acceptable financial metrics
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 4,149	$ 7,210
2021	227	579
2020	507	179
2019	147	77
2018	56	110
2017	72	43
Prior	43	19
Total	$ 5,201	$ 8,217
Percent of portfolio	91.20%	90.50%
Group II - Performing accounts experiencing potential weakness in financial metrics
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 298	$ 508
2021	5	2
2020	18	18
2019	18	11
2018	0	15
2017	11	18
Prior	5	34
Total	$ 355	$ 606
Percent of portfolio	6.20%	6.70%
Group III - Non-Performing accounts with inadequate paying capacity for current obligations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 103	$ 203
2021	8	0
2020	0	8
2019	3	29
2018	28	2
2017	2	11
Prior	5	0
Total	$ 149	$ 253
Percent of portfolio	2.60%	2.80%
Group IV - Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 0	$ 0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	4
Total	$ 0	$ 4
Percent of portfolio	0.00%	0.00%

Leased Vehicles - Summary of Le

Leased Vehicles - Summary of Leased Vehicles (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Lessor Disclosure [Abstract]
Leased vehicles	$ 58,702		$ 58,702		$ 58,915
Manufacturer subvention	(8,485)		(8,485)		(8,915)
Net capitalized cost	50,217		50,217		50,000
Less: accumulated depreciation	(9,621)		(9,621)		(10,181)
Leased vehicles, net	40,596		40,596		$ 39,819
Depreciation expense	$ 1,500	$ 1,900	$ 3,200	$ 3,700

Leased Vehicles - Minimum Renta

Leased Vehicles - Minimum Rental Payments (Details) $ in Millions	Jun. 30, 2021USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
2021	$ 3,315
2022	5,016
2023	2,695
2024	559
2025	30
Thereafter	0
Total	$ 11,615

Equity in Net Assets of Non-c_3

Equity in Net Assets of Non-consolidated Affiliates (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Finance charge income		$ 1,036	$ 966	$ 2,052	$ 1,972
Income before income taxes		1,581	226	2,763	456
Net income		50	42	104	67
Joint Ventures
Noncontrolling Interest [Line Items]
Finance charge income		418	335	848	694
Income before income taxes		191	158	394	254
Net income		143	$ 118	296	$ 190
Undistributed earnings		$ 751		$ 751		$ 647
Gmac Saic | Subsequent Event
Noncontrolling Interest [Line Items]
Cash dividends	$ 309
Cash dividends received	$ 108

Restricted Cash (Details)

Restricted Cash (Details) $ in Millions	Jun. 30, 2021USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash included in other assets	$ 4,152

Debt - Narrative (Details)

Debt - Narrative (Details)	Jul. 31, 2021CAD ($)	Jun. 30, 2021USD ($)
Revolving Credit Facility
Debt Instrument [Line Items]
Renewed borrowing capacity		$ 18,700,000,000
Secured Debt | Securitization Notes Payable with Maturity Dates from 2022 to 2028
Debt Instrument [Line Items]
Debt instrument, face amount		$ 13,400,000,000
Weighted average interest rate		0.75%
Unsecured Senior Notes | Senior Notes with Maturity Dates from 2024 to 2031
Debt Instrument [Line Items]
Debt instrument, face amount		$ 8,300,000,000
Weighted average interest rate		1.65%
Unsecured Senior Notes | Senior Notes Due 2025 | Subsequent Event
Debt Instrument [Line Items]
Debt instrument, face amount	$ 400,000,000
Debt instrument interest rate	1.70%

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Short Term and Long Term Debt [Line Items]
Secured debt	$ 38,999	$ 39,982
Unsecured debt	54,571	52,443
Total secured and unsecured debt	93,570	92,425
Secured debt fair value	39,272	40,380
Unsecured debt fair value	56,495	54,568
Fair value of Secured and Unsecured debt	95,767	94,948
Level 2
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	93,907	92,922
Level 3
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	1,860	2,026
Revolving Credit Facility
Short Term and Long Term Debt [Line Items]
Secured debt	1,268	3,733
Unsecured debt	1,298	1,535
Secured debt fair value	1,267	3,735
Unsecured debt fair value	1,291	1,531
Securitization Notes Payable
Short Term and Long Term Debt [Line Items]
Secured debt	37,731	36,249
Secured debt fair value	38,005	36,645
Senior Notes
Short Term and Long Term Debt [Line Items]
Unsecured debt	47,819	46,798
Unsecured debt fair value	49,755	48,922
Other Unsecured Debt
Short Term and Long Term Debt [Line Items]
Unsecured debt	5,454	4,110
Unsecured debt fair value	$ 5,449	$ 4,115

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Restricted cash	$ 4,152
Finance receivables, net of fees	60,212	$ 58,390
Lease related assets	40,596	39,819
Secured debt	38,999	39,982
Securitization and Credit Facility VIEs
Variable Interest Entity [Line Items]
Restricted cash	3,667	2,639
Finance receivables, net of fees	27,993	32,575
Lease related assets	17,413	16,322
Secured debt	38,601	39,424
Transferred to secured funding arrangements	524	863
Secured debt outstanding	$ 468	$ 622

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Fair value of assets (liabilities) available for offset	$ 472	$ 501
Other Assets
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	134,811	129,566
Fair Value of Assets	1,305	1,823
Collateral available for netting against liability positions	104	139
Other Liabilities
Derivatives, Fair Value [Line Items]
Fair Value of Liabilities	627	672
Collateral held for netting against asset positions	509	728
Designated as Hedging Instrument | Fair Value Hedging | Other Assets | Interest Rate Swaps | Level 2
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	18,112	10,064
Fair Value of Assets	319	463
Designated as Hedging Instrument | Fair Value Hedging | Other Assets | Foreign Currency Swaps | Level 2
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	712	1,958
Fair Value of Assets	0	128
Designated as Hedging Instrument | Fair Value Hedging | Other Liabilities | Interest Rate Swaps | Level 2
Derivatives, Fair Value [Line Items]
Fair Value of Liabilities	75	13
Designated as Hedging Instrument | Fair Value Hedging | Other Liabilities | Foreign Currency Swaps | Level 2
Derivatives, Fair Value [Line Items]
Fair Value of Liabilities	30	9
Designated as Hedging Instrument | Cash Flow Hedging | Other Assets | Interest Rate Swaps | Level 2
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	835	921
Fair Value of Assets	4	0
Designated as Hedging Instrument | Cash Flow Hedging | Other Assets | Foreign Currency Swaps | Level 2
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	6,418	5,626
Fair Value of Assets	204	278
Designated as Hedging Instrument | Cash Flow Hedging | Other Liabilities | Interest Rate Swaps | Level 2
Derivatives, Fair Value [Line Items]
Fair Value of Liabilities	14	27
Designated as Hedging Instrument | Cash Flow Hedging | Other Liabilities | Foreign Currency Swaps | Level 2
Derivatives, Fair Value [Line Items]
Fair Value of Liabilities	99	47
Not Designated as Hedging Instrument | Other Assets | Interest Rate Contracts | Level 2
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	108,734	110,997
Fair Value of Assets	778	954
Not Designated as Hedging Instrument | Other Liabilities | Interest Rate Contracts | Level 2
Derivatives, Fair Value [Line Items]
Fair Value of Liabilities	$ 409	$ 576

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Balance Sheet (Details) - Designated as Hedging Instrument - Fair Value Hedging - Unsecured Debt - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Items	$ 24,622	$ 23,315
Cumulative Amount of Fair Value Hedging Adjustments	(381)	(739)
Discontinued hedge cumulative amount of fair value hedging adjustments	$ 223	$ 200

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Income (Losses) Recognized in Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivatives, Fair Value [Line Items]
Interest expense	$ 633	$ 788	$ 1,283	$ 1,623
Operating expenses	378	345	789	703
AOCI Attributable to Parent
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(6)	23	(129)	(207)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	(1)	(57)	171	56
Fair Value Hedging | Foreign currency translation adjustment | Foreign Currency Swaps
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(1)	(7)	(4)	(12)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	1	5	4	13
Cash Flow Hedging | Foreign currency translation adjustment | Foreign Currency Swaps
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(6)	39	(131)	(180)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	(6)	(63)	160	41
Cash Flow Hedging | Unrealized loss on hedges | Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	1	(9)	6	(15)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income	4	1	7	2
Interest Expense
Derivatives, Fair Value [Line Items]
Total	(9)	(52)	(12)	(114)
Operating Expense
Derivatives, Fair Value [Line Items]
Total	3	2	4	3
Designated as Hedging Instrument | Foreign currency translation adjustment
Derivatives, Fair Value [Line Items]
Loss to be reclassified in next twelve months			(74)
Designated as Hedging Instrument | Interest Expense | Fair Value Hedging | Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Hedged items	(107)	(66)	245	(569)
Interest rate swaps and Foreign currency swaps	118	(56)	(217)	375
Designated as Hedging Instrument | Interest Expense | Fair Value Hedging | Foreign Currency Swaps
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0	0
Interest rate swaps and Foreign currency swaps	(4)	(9)	(9)	(21)
Designated as Hedging Instrument | Interest Expense | Cash Flow Hedging | Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	(5)	(2)	(10)	(3)
Designated as Hedging Instrument | Interest Expense | Cash Flow Hedging | Foreign Currency Swaps
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0	0
Interest rate swaps and Foreign currency swaps	(30)	(28)	(60)	(57)
Designated as Hedging Instrument | Operating Expense | Fair Value Hedging | Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0	0
Interest rate swaps and Foreign currency swaps	0	0	0	0
Designated as Hedging Instrument | Operating Expense | Fair Value Hedging | Foreign Currency Swaps
Derivatives, Fair Value [Line Items]
Hedged items	(45)	(41)	32	(1)
Interest rate swaps and Foreign currency swaps	48	43	(28)	4
Designated as Hedging Instrument | Operating Expense | Cash Flow Hedging | Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	0	0	0	0
Designated as Hedging Instrument | Operating Expense | Cash Flow Hedging | Foreign Currency Swaps
Derivatives, Fair Value [Line Items]
Hedged items	(38)	(113)	152	(7)
Interest rate swaps and Foreign currency swaps	38	113	(152)	7
Not Designated as Hedging Instrument | Interest Expense
Derivatives, Fair Value [Line Items]
Interest rate contracts	19	109	39	161
Not Designated as Hedging Instrument | Operating Expense
Derivatives, Fair Value [Line Items]
Interest rate contracts	$ 0	$ 0	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Jun. 30, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Estimate of possible loss	$ 234
Loss accrual	76
Indirect tax contingency	$ 11

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 17, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Class of Stock [Line Items]
Common stock dividends declared and paid				$ 1,200	$ 800
Dividends declared on preferred stock		$ 59	$ 45
Amount set aside for dividend payments	$ 59
Series A Preferred Stock
Class of Stock [Line Items]
Dividends declared on preferred stock	$ 29			29	29
Preferred stock dividends declared (in dollars per share)	$ 28.75
Series B Preferred Stock
Class of Stock [Line Items]
Dividends declared on preferred stock	$ 16			16	$ 16
Preferred stock dividends declared (in dollars per share)	$ 32.50
Series C Preferred Stock
Class of Stock [Line Items]
Dividends declared on preferred stock	$ 14			$ 16
Preferred stock dividends declared (in dollars per share)	$ 28.50

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Common and Preferred Stock (Details) - shares	Jun. 30, 2021	Dec. 31, 2020
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
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
Class of Stock [Line Items]
Preferred stock shares issued	500,000	500,000
Preferred stock shares outstanding	500,000	500,000
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series C
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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	$ 13,800	$ 11,316	$ 13,598	$ 12,726
Balance at end of period	14,465	11,053	14,465	11,053
Accumulated Other Comprehensive Loss
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,332)	(1,662)	(1,309)	(1,119)
Balance at end of period	(1,206)	(1,663)	(1,206)	(1,663)
Unrealized loss on hedges
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(108)	(166)	(157)	(49)
Other comprehensive income (loss), net of tax	(7)	(34)	42	(151)
Balance at end of period	(115)	(200)	(115)	(200)
Defined benefit plans
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	1	1	1	1
Other comprehensive income (loss), net of tax	0	0	0	0
Balance at end of period	1	1	1	1
Foreign currency translation adjustment
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,225)	(1,497)	(1,153)	(1,071)
Other comprehensive income (loss), net of tax	133	33	61	(393)
Balance at end of period	$ (1,092)	$ (1,464)	$ (1,092)	$ (1,464)

Segment Reporting - Revenue (De

Segment Reporting - Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Total revenue	$ 3,426	$ 3,423	$ 6,833	$ 6,984
Operating expenses	378	345	789	703
Leased vehicle expenses	825	1,779	2,069	3,476
Provision for loan losses	59	327	33	793
Interest expense	633	788	1,283	1,623
Equity income	50	42	104	67
Income before income taxes	1,581	226	2,763	456
North America Segment
Segment Reporting Information [Line Items]
Total revenue	3,188	3,197	6,359	6,474
Operating expenses	302	273	641	567
Leased vehicle expenses	813	1,768	2,044	3,452
Provision for loan losses	36	244	(8)	635
Interest expense	575	710	1,167	1,448
Equity income	0	0	0	0
Income before income taxes	1,462	202	2,515	372
International Segment
Segment Reporting Information [Line Items]
Total revenue	238	226	474	510
Operating expenses	76	72	148	136
Leased vehicle expenses	12	11	25	24
Provision for loan losses	23	83	41	158
Interest expense	58	78	116	175
Equity income	50	42	104	67
Income before income taxes	$ 119	$ 24	$ 248	$ 84

Segment Reporting - Assets (Det

Segment Reporting - Assets (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Finance receivables, net	$ 60,212	$ 58,390
Leased vehicles, net (Note 4; Note 7 VIEs)	40,596	39,819
Total assets	115,922	113,825
North America Segment
Segment Reporting Information [Line Items]
Finance receivables, net	55,514	53,332
Leased vehicles, net (Note 4; Note 7 VIEs)	40,421	39,656
Total assets	108,127	105,507
International Segment
Segment Reporting Information [Line Items]
Finance receivables, net	4,698	5,058
Leased vehicles, net (Note 4; Note 7 VIEs)	175	163
Total assets	$ 7,795	$ 8,318

Regulatory Capital and Other _2

Regulatory Capital and Other Regulatory Matters (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 115,922	$ 113,825
International Regulated Bank And Finance Companies
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 5,600	$ 6,200