General Motors Financial (ACF) 10-K 30 Jan 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Jan. 29, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,050,000
Documents Incorporated by Reference	NONE
Entity Public Float			$ 0
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0000804269

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Fort Worth, Texas

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 5,282	$ 4,005
Finance receivables, net of allowance for loan losses of $2,344 and $2,096 (Note 3; Note 8)	84,637	74,514
Leased vehicles, net (Note 4; Note 8)	30,582	32,701
Goodwill and intangible assets (Note 5)	1,184	1,171
Equity in net assets of nonconsolidated affiliates (Note 6)	1,670	1,665
Property and equipment, net of accumulated depreciation of $432 and $407	124	140
Deferred income taxes (Note 14)	292	251
Related party receivables (Note 2)	540	495
Other assets (Note 8)	7,699	7,604
Total assets	132,011	122,545
Liabilities
Secured debt (Note 7; Note 8)	45,243	42,131
Unsecured debt (Note 7)	60,084	54,723
Accounts payable and accrued expenses	2,942	2,743
Deferred income	2,313	2,248
Deferred income taxes (Note 14)	2,025	1,836
Related party payables (Note 2)	445	115
Other liabilities	3,415	3,739
Total liabilities	116,468	107,535
Commitments and contingencies (Note 10)
Shareholders' equity (Note 11)
Common stock, $0.0001 par value per share	0	0
Preferred stock, $0.01 par value per share	0	0
Additional paid-in capital	8,783	8,742
Accumulated other comprehensive income (loss)	(1,208)	(1,373)
Retained earnings	7,967	7,641
Total shareholders' equity	15,542	15,010
Total liabilities and shareholders' equity	$ 132,011	$ 122,545

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Financing receivable, allowance for loan losses	$ 2,344	$ 2,096
Accumulated depreciation	$ 432	$ 407
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

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
Finance charge income	$ 6,204	$ 4,521	$ 4,103
Leased vehicle income	7,266	7,811	9,026
Other income	754	434	290
Total revenue	14,224	12,766	13,419
Costs and expenses
Operating expenses	1,818	1,662	1,648
Leased vehicle expenses	4,047	3,668	4,142
Provision for loan losses (Note 3)	826	654	248
Interest expense	4,685	2,881	2,546
Total costs and expenses	11,376	8,864	8,584
Equity income (Note 6)	138	173	201
Income before income taxes	2,985	4,076	5,036
Income tax provision (Note 14)	741	992	1,247
Net income (loss)	2,245	3,084	3,789
Less: cumulative dividends on preferred stock	119	119	119
Net income (loss) attributable to common shareholder	$ 2,126	$ 2,966	$ 3,670

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,245	$ 3,084	$ 3,789
Other comprehensive income (loss), net of tax (Note 11)
Unrealized gain (loss) on hedges, net of income tax (expense) benefit of $(5), $(18) and $(28)	18	55	80
Defined benefit plans	0	1	0
Foreign currency translation adjustment	147	(156)	(44)
Other comprehensive income (loss), net of tax	165	(100)	36
Comprehensive income (loss)	$ 2,410	$ 2,983	$ 3,825

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Change in value of cash flow hedges, tax (expense) benefit	$ (5)	$ (18)	$ (28)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
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 (loss)	3,789					3,789
Other comprehensive income (loss)	36				36
Stock-based compensation	50			50
Dividends paid (Note 11)	(3,620)					(3,620)
Dividends declared on preferred stock (Note 11)	(59)					(59)
Balance at end of period at Dec. 31, 2021	13,794	0	0	8,692	(1,273)	6,375
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,084					3,084
Other comprehensive income (loss)	(100)				(100)
Stock-based compensation	49			49
Dividends paid (Note 11)	(1,759)					(1,759)
Dividends declared on preferred stock (Note 11)	(59)					(59)
Balance at end of period at Dec. 31, 2022	15,010	0	0	8,742	(1,373)	7,641
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	2,245					2,245
Other comprehensive income (loss)	165				165
Stock-based compensation	41			41
Dividends paid (Note 11)	(1,859)					(1,859)
Dividends declared on preferred stock (Note 11)	(59)					(59)
Balance at end of period at Dec. 31, 2023	$ 15,542	$ 0	$ 0	$ 8,783	$ (1,208)	$ 7,967

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income (loss)	$ 2,245	$ 3,084	$ 3,789
Depreciation and amortization	5,231	5,083	6,308
Accretion and amortization of loan and leasing fees	(1,354)	(1,266)	(1,442)
Undistributed earnings of nonconsolidated affiliates, net	(50)	(32)	(127)
Provision for loan losses	826	654	248
Deferred income taxes	165	484	209
Stock-based compensation expense	42	50	50
Gain on termination of leased vehicles	(878)	(1,188)	(1,954)
Loss on extinguishment of debt	0	0	105
Other operating activities	(408)	(131)	112
Changes in assets and liabilities:
Other assets	(129)	(1,470)	135
Other liabilities	592	484	(177)
Related party payables	381	(277)	41
Net cash provided by (used in) operating activities	6,662	5,476	7,297
Cash flows from investing activities
Purchases and funding of finance receivables	(35,961)	(34,768)	(33,013)
Principal collections and recoveries on finance receivables	28,343	27,017	25,456
Net change in floorplan and other short-duration receivables	(2,633)	(4,345)	2,263
Purchases of leased vehicles	(13,640)	(11,949)	(14,602)
Proceeds from termination of leased vehicles	13,033	14,234	14,393
Purchases of property and equipment	(24)	(44)	(26)
Capital contribution to nonconsolidated affiliates	0	(51)	0
Other investing activities	0	(99)	(14)
Net cash provided by (used in) investing activities	(10,882)	(10,005)	(5,543)
Cash flows from financing activities
Net change in debt (original maturities of three months or less)	(150)	333	2,911
Borrowings and issuances of secured debt	32,646	30,764	28,776
Payments on secured debt	(29,684)	(28,060)	(29,374)
Borrowings and issuances of unsecured debt	18,294	12,794	16,157
Payments on unsecured debt	(13,317)	(9,865)	(15,728)
Extinguishment of debt	0	0	(1,605)
Debt issuance costs	(146)	(135)	(158)
Dividends paid	(1,919)	(1,819)	(3,620)
Net cash provided by (used in) financing activities	5,724	4,013	(2,641)
Net increase (decrease) in cash, cash equivalents and restricted cash	1,504	(516)	(887)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	69	9	(56)
Cash, cash equivalents and restricted cash at beginning of period	6,676	7,183	8,126
Cash, cash equivalents and restricted cash at end of period	8,249	6,676	7,183
Supplemental Cash Flow Elements
Cash and cash equivalents	5,282	4,005
Restricted cash included in other assets	2,967	2,671
Total	$ 8,249	$ 6,676	$ 7,183

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies History and Operations We have been operating in the automobile finance business in the U.S. since September 1992 and have been a wholly-owned subsidiary of GM since October 2010. Basis of Presentation The 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. Except as otherwise specified, dollar amounts presented within tables are stated in millions. Certain columns and rows may not add due to rounding. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities as of the date of the financial statements, as well as the amount of revenue and expenses during the reporting periods. Actual results could differ from those estimates, and those differences may be material. Generally, the financial statements of entities that operate outside of the U.S. are measured using the local currency as the functional currency. All assets and liabilities of the foreign subsidiaries are translated into U.S. dollars at period-end exchange rates, and the results of operations and cash flows are determined using approximate weighted-average exchange rates for the period. Translation adjustments are related to the foreign subsidiaries using local currency as their functional currency and are reported as a separate component of accumulated other comprehensive income (loss). Foreign currency transaction gains or losses are recorded directly in the consolidated statements of income and comprehensive income, regardless of whether such amounts are realized or unrealized. We may enter into foreign currency derivatives to mitigate our exposure to changes in foreign currency exchange rates. Cash Equivalents Cash equivalents are defined as short-term, highly liquid investments with original maturities of three months or less. Net Presentation of Cash Flows on Commercial Finance Receivables and Related Debt Our commercial finance receivables are primarily comprised of floorplan financing, which are loans to dealers to finance vehicle inventory, also known as wholesale or inventory financing. In our experience, floorplan financing, as well as other short-duration receivables, are typically repaid within three months of when the credit is extended. Furthermore, we typically have the unilateral ability to call the floorplan loans and receive payment within 60 days of the call. Therefore, the presentation of the cash flows related to floorplan and other short-duration finance receivables is reflected on the consolidated statements of cash flows as "Net change in floorplan and other short-duration receivables." We have debt agreements to finance our commercial lending activities. The terms of these financing agreements require that a borrowing base of eligible floorplan receivables, within certain concentration limits, must be maintained in sufficient amounts to support advances. When a dealer repays a floorplan receivable to us, either the amount advanced against such receivables must be repaid by us or the equivalent amount in new receivables must be added to the borrowing base. The term for repayment of advances under these agreements is when we receive repayment from the dealers, which is typically within three months of when the credit is extended. Therefore, the cash flows related to these debt agreements are reflected on the consolidated statements of cash flows as “Net change in debt (original maturities of three months or less).” Retail Finance Receivables and the Allowance for Loan Losses Our retail finance receivables portfolio consists of smaller-balance, homogeneous loans that are carried at amortized cost, net of allowance for loan losses. These loans are divided among pools based on common risk characteristics, such as internal credit score, origination period (vintage) and geography. An internal credit score, of which FICO is an input in North America, is created by using algorithms or statistical models contained in origination scorecards. The scorecards are used to evaluate a consumer’s ability to pay based on statistical modeling of his or her prior credit usage, structure of the loan and other information. The output of the scorecards rank-orders consumers from those who are least likely to default to those who are most likely to default. By further dividing the portfolio into pools based on internal credit scores, we are better able to distinguish expected credit performance for different credit risks. The allowance is aggregated for each of the pools. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses on our retail finance receivables portfolio. We use static pool modeling techniques to determine the allowance for loan losses expected over the remaining life of the receivables, which is supplemented by management judgment. We assess the recent internal operating and external environments and may qualitatively adjust certain assumptions to result in an allowance that is reflective of losses that are expected to occur in the forecasted environment. Expected losses are estimated for groups of accounts aggregated by internal credit score and monthly vintage. Generally, the expected losses are projected based on historical loss experience over the last 10 years, more heavily weighted toward recent performance to result in an estimate that is more reflective of the current internal and external environments. We consider forecast economic conditions over a reasonable and supportable forecast period. We determine the expected remaining life of the finance receivables to be a reasonable and supportable forecast horizon, primarily due to the relatively short weighted average life of retail finance receivables. We determined the economic factors that have the largest impact on expected losses include unemployment rates, interest rate spreads, disposable personal income and growth rates in gross domestic products. We use forecasts for our chosen factors provided by a leading economic research firm. We compare the forecasts to consensus forecasts to assess for reasonableness and may use one or more forecast scenarios provided by the research firm. We believe these factors are relevant in estimating expected losses and also consider an evaluation of overall portfolio credit quality based on indicators such as changes in our credit evaluation, underwriting and collection management policies, changes in the legal and regulatory environment, general economic conditions and business trends and uncertainties in forecasting and modeling techniques used in estimating our allowance. We update our retail loss forecast models and portfolio indicators on a quarterly basis to incorporate information reflective of the current and forecast economic environments. Assumptions regarding credit losses are reviewed periodically and may be impacted by actual performance of finance receivables and changes in any of the factors discussed above. Should the credit loss assumptions increase, there would be an increase in the amount of allowance for loan losses required, which would decrease the net carrying value of finance receivables and increase the amount of provision for loan losses. Commercial Finance Receivables and the Allowance for Loan Losses Our commercial lending offerings consist of financing products for dealers and other businesses. Dealer products include floorplan financing, as well as dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, or to purchase and/or finance dealership real estate. Other business products we provide include financing for commercial vehicle upfitters and advances to certain GM subsidiaries. Commercial finance receivables are carried at amortized cost, net of allowance for loan losses and any amounts held under our dealer cash management program. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses in the commercial finance receivables portfolio. We establish the allowance for loan losses based on historical loss experience, as well as forecasted auto industry conditions, which is the economic indicator that we believe has the largest impact on expected losses. The dealer finance receivables are aggregated into loan-risk pools, which are determined based on our internally developed risk rating system. Dealers' financial and operating metrics are regularly scored and further evaluated to derive a risk rating. Based on dealer risk ratings, we establish probability of default and loss given default, and also determine if any specific dealer loan requires additional reserves. Charge-off Policy Retail finance receivables are generally charged off in the month in which the account becomes 120 days contractually delinquent if we have not yet recorded a repossession charge-off. Commercial finance receivables are individually evaluated and, where collectability of the recorded balance is in doubt, are written down to the fair value of the collateral less costs to sell. Commercial finance receivables are charged off at the earlier of when they are deemed uncollectible or reach 360 days past due. Loan Modifications Under certain circumstances, we may agree to modify the terms of an existing loan with a borrower for various reasons, including financial difficulties. For those borrowers experiencing financial difficulties, we may provide interest rate reductions, principal forgiveness, payment deferments, term extensions or a combination thereof. A loan that is deferred greater than six months in the preceding twelve months would be considered to be other-than-insignificantly delayed. In such circumstances, we must determine whether the modification should be accounted for as an extinguishment of the original loan and a creation of a new loan, or the continuation of the original loan with modifications. The effect of these modifications is already included in the allowance for credit losses because our estimated allowance represents currently expected credit losses. A change to the allowance for credit losses is generally not recorded upon modification. Leased Vehicles As lessor, we have investments in leased vehicles recorded as operating leases. Leased vehicles consist of automobiles leased to retail customers and are carried at amortized cost less unearned manufacturer subvention payments, which are received up front. Depreciation expense is recorded on a straight-line basis over the term of the lease agreement to the estimated residual value. Manufacturer subvention is earned on a straight-line basis as a reduction to depreciation expense. Generally, the lessee may purchase the leased vehicle at the maturity of the lease by paying the purchase price stated in the lease agreement, which equals the contract residual value determined at origination of the lease, plus any fees and all other amounts owed under the lease. If the lessee decides not to purchase the leased vehicle, the lessee must return it to a dealer by the lease's scheduled maturity date. Since the lessee is not obligated to purchase the vehicle at the end of the contract, we are exposed to a risk of loss to the extent the customer returns the vehicle prior to or at the end of the lease term and the proceeds we receive on the disposition of the vehicle are lower than the residual value estimated at lease inception. We estimate the expected residual value based on third-party data that considers various data points and assumptions, including, but not limited to, recent auction values, the expected future volume of returning leased vehicles, used vehicle prices, manufacturer incentive programs and fuel prices. Changes in the expected residual value result in increased or decreased depreciation of the leased asset over the remaining term of the lease. Upon disposition, a gain or loss is recorded for any difference between the carrying amount of the lease and the proceeds from the disposition of the asset, including any insurance proceeds. Under the accounting for impairment or disposal of long-lived assets, vehicles on operating leases are evaluated by asset group for impairment. We aggregate leased vehicles into asset groups based on make, year and model. When asset group indicators of impairment exist and aggregate future cash flows from the operating lease, including the expected realizable fair value of the leased assets at the end of the lease, are less than the carrying amount of the lease asset group, an immediate impairment write-down is recognized if the difference is deemed not recoverable. Variable Interest Entities – Securitizations and Credit Facilities We finance a significant portion of our loan and lease origination volume through the use of our credit facilities and execution of securitization transactions, which both utilize SPEs. In our credit facilities, we transfer finance receivables and lease-related assets to SPEs. These subsidiaries, in turn, issue notes to the agents, collateralized by such assets and cash. The agents provide funding under the notes to the subsidiaries pursuant to an advance formula, and the subsidiaries forward the funds to us in consideration for the transfer of the assets. In our securitizations, we transfer finance receivables and lease-related assets to SPEs structured as securitization trusts (Trusts), which issue one or more classes of asset-backed securities. The asset-backed securities are, in turn, sold to investors. Our continuing involvement with the credit facilities and Trusts consists of servicing assets held by the SPEs and holding residual interests in the SPEs. These transactions are structured without recourse. The SPEs are considered VIEs under GAAP and are consolidated because we have: (i) power over the significant activities of the entities and (ii) an obligation to absorb losses and the right to receive benefits from the VIEs that could be significant to the VIEs. Accordingly, we are the primary beneficiary of the VIEs and the finance receivables, lease-related assets, borrowings under our credit facilities and, following a securitization, the related securitization notes payable remain on the consolidated balance sheets. Refer to Note 3 , Note 7 and Note 8 for further information. We are not required, and do not currently intend, to provide any additional financial support to SPEs. While these subsidiaries are included in our consolidated financial statements, these subsidiaries are separate legal entities and the finance receivables, lease-related assets and cash held by these subsidiaries are legally owned by them and are not available to our creditors or creditors of our other subsidiaries. We recognize finance charge, lease vehicle and fee income on the securitized assets and interest expense on the secured debt issued in securitization transactions and record a provision for loan losses to recognize loan losses expected over the remaining life of the securitized assets. Cash pledged to support securitization transactions is deposited in a restricted account and recorded on our consolidated balance sheets as restricted cash, which is invested in highly liquid securities with original maturities of 90 days or less. Property and Equipment Property and equipment is carried at amortized cost. Depreciation is generally recorded on a straight-line basis over the estimated useful lives of the assets, which ranges from 1 to 30 years. The basis of assets sold or retired and the related accumulated depreciation are removed from the accounts at the time of disposition and any resulting gain or loss is included in operating expenses. Maintenance, repairs and minor replacements are charged to operations as incurred; major replacements and improvements are capitalized. Goodwill Goodwill is not amortized but rather tested for impairment annually on October 1 or when events occur or circumstances change that trigger a review. The impairment test entails an assessment of qualitative factors to determine whether it is more likely than not that an impairment exists. If it is more likely than not that an impairment exists, then a quantitative impairment test is performed. Impairment exists when the carrying amount of a reporting unit exceeds its fair value. Derivative Financial Instruments We recognize all of our derivative financial instruments as either assets or liabilities on our consolidated balance sheets at fair value. We do not use derivative financial instruments for speculative trading purposes. Derivative financial instruments are generally expressed in notional principal or contract amounts that are much larger than the amounts potentially at risk for nonpayment by counterparties. Therefore, in the event of nonperformance by the counterparties, our credit exposure is limited to the uncollected interest and the market value related to the instruments that have become favorable to us, to the extent that market values are not collateralized. We maintain a policy of requiring that all derivative instruments be governed by an International Swaps and Derivatives Association Master Agreement. We enter into derivative instruments and establish risk limits with counterparties that we believe are creditworthy and generally settle on a net basis. In addition, management performs a quarterly assessment of our counterparty credit risk, including a review of credit ratings, credit default swap rates and potential nonperformance of the counterparty. Interest Rate Swap Agreements We utilize interest rate swap agreements to convert certain floating rate exposures to fixed rate or certain fixed-rate exposures to floating rate in order to manage our interest rate exposure. Cash flows from derivatives used to manage interest rate risk are classified as operating activities. We designate certain pay-fixed, receive-floating interest rate swaps as cash flow hedges of variable rate debt. The risk being hedged is the risk of variability in interest payments attributable to changes in interest rates. If the hedge relationship is deemed to be highly effective, we record the changes in the fair value of the hedge in accumulated other comprehensive income (loss). We designate certain receive-fixed, pay-floating interest rate swaps as fair value hedges of fixed-rate debt. The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate. If the hedge relationship is deemed to be highly effective, we record the changes in the fair value of the hedged debt related to the risk being hedged in interest expense. The change in fair value of the related hedge is also recorded in interest expense. Interest Rate Cap and Floor Agreements We may purchase interest rate cap and floor agreements to limit floating rate exposures in our credit facilities. As part of our interest rate risk management strategy and when economically feasible, we may simultaneously sell a corresponding interest rate cap or floor agreement in order to offset the premium paid to purchase the interest rate cap or floor agreement and thus retain the interest rate risk. Because the interest rate cap and floor agreements entered into by us or our SPEs do not qualify for hedge accounting, changes in the fair value of interest rate cap and floor agreements purchased by the SPEs and interest rate cap and floor agreements sold by us are recorded in interest expense. Foreign Currency Swap Agreements Our policy is to minimize exposure to changes in currency exchange rates. To meet funding objectives, we borrow in a variety of currencies. We face exposure to currency exchange rates when the currency of our earning assets differs from the currency of the debt funding those assets. When possible, we fund earning assets with debt in the same currency, minimizing exposure to exchange rate movements. When a different currency is used, we may use foreign currency swaps to convert our debt obligations to the local currency of the earning assets being financed. We designate certain pay-fixed, receive-fixed cross-currency swaps as cash flow hedges of foreign currency-denominated debt. The risk being hedged is the variability in the cash flows for the payments of both principal and interest attributable to changes in foreign currency exchange rates. If the hedge relationship is deemed to be highly effective, we record the effective portion of changes in the fair value of the swap in accumulated other comprehensive income (loss). When the hedged cash flows affect earnings via principal remeasurement or accrual of interest expense, we reclassify these amounts to operating expenses or interest expense. Any ineffective portion of a cash flow hedge is recorded to interest expense immediately. We designate certain pay-float, receive-float cross-currency swaps as fair value hedges of foreign currency-denominated debt. The risk being hedged is the foreign exchange risk associated with the remeasurement of the foreign currency-denominated debt. We assess effectiveness of these hedge relationships based on changes in fair value attributable only to changes in spot exchange rates. If the hedge relationship is deemed to be highly effective, we record changes in the fair value of the swap attributable to changes in spot exchange rates to operating expenses and changes in the fair value of the swap attributable to components excluded from the assessment of hedge effectiveness in accumulated other comprehensive income (loss), and reclassify interest accrual components to interest expense. Fair Value Financial instruments are considered Level 1 when quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Financial instruments are considered Level 2 when inputs other than quoted prices are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Financial instruments are considered Level 3 when their values are determined using price models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. Level 3 financial instruments also include those for which the determination of fair value requires significant management judgment or estimation. Income Taxes We account for income taxes on a separate return basis using an asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, net operating loss and tax credit carryforwards. A valuation allowance is recognized if it is more likely than not that some portion of or the entire deferred tax asset will not be realized. We record uncertain tax positions on the basis of a two-step process whereby: (i) we determine whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position; and (ii) for those tax positions that meet the more likely than not recognition, we recognize the largest amount of tax benefit that is greater than 50% likely to be realized upon ultimate settlement with the related tax authority. We record interest and penalties on uncertain tax positions in income tax provision. Revenue Recognition Finance charge income earned on finance receivables is recognized using the effective interest method. Fees and commissions received (including manufacturer subvention) and direct costs of originating loans are generally deferred and amortized over the term of the related finance receivables using the effective interest method and are removed from the consolidated balance sheets when the related finance receivables are fully charged off or paid in full. Accrual of finance charge income on retail finance receivables is generally suspended on accounts that are more than 60 days delinquent, accounts in bankruptcy and accounts in repossession. Payments received on nonaccrual loans are first applied to any fees due, then to any interest due and then any remaining amounts are applied to principal. Interest accrual generally resumes once an account has received payments bringing the delinquency status to less than 60 days past due. Accrual of finance charge income on commercial finance receivables is generally suspended on accounts that are more than 90 days delinquent, upon receipt of a bankruptcy notice from a borrower, or where reasonable doubt exists about the full collectability of contractually agreed upon principal and interest. Payments received on nonaccrual loans are first applied to principal. Interest accrual resumes once an account has received payments bringing the account fully current and collection of contractual principal and interest is reasonably assured (including amounts previously charged off). Rental income earned on leased vehicles, which includes lease origination fees, net of lease origination costs, is recognized on a straight-line basis over the term of the lease agreement. Gains or losses realized upon disposition of off-lease vehicles, including any payments received from lessees upon lease termination, are included in leased vehicle expenses. Parent Company Stock-Based Compensation We measure and record compensation expense for parent company stock-based compensation awards based on the award's estimated fair value. We record compensation expense over the applicable vesting period of an award. Refer to Note 12 for further information. Recently Adopted Accounting Standards In March 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-02 "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" (ASU 2022-02), which eliminates the accounting guidance for troubled debt restructurings (TDRs) and enhances certain disclosure requirements related to loan modifications to borrowers experiencing difficulty. The ASU also requires including current period gross charge-offs by year of origination in the vintage disclosure. We adopted ASU 2022-02 on a modified retrospective basis on January 1, 2023 and applied the disclosure requirements prospectively. The impact of the adoption of ASU 2022-02 was insignificant. Refer to Note 3 for additional information.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
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 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 received subvention payments from GM of $3.5 billion, $2.4 billion and $3.3 billion for 2023, 2022 and 2021. Subvention due from GM is recorded as a related party receivable. Amounts due to GM for commercial finance receivables originated but not yet funded are recorded as a related party payable. Cruise is the GM global segment responsible for the development and commercialization of autonomous vehicle technology. We have a multi-year credit agreement with Cruise whereby we may provide advances to Cruise, over time, through 2024, to fund the purchase of autonomous vehicles from GM. Advances under this credit agreement are guaranteed by GM Cruise Holdings LLC. At December 31, 2023 and December 31, 2022, Cruise had $353 million and $113 million of borrowings outstanding and access to an additional $3.4 billion in advances under the agreement. Amounts due from Cruise are included in finance receivables, net. 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 2023, 2022 and 2021, we made payments of $72 million, $690 million and $824 million to GM for state and federal income taxes related to the tax years 2020 through 2023. Amounts owed to GM for income taxes are recorded as a related party payable. The following tables present related party transactions: Balance Sheet Data December 31, 2023 December 31, 2022 Commercial finance receivables, net due from dealers consolidated by GM $ 164 $ 187 Cruise receivables $ 353 $ 113 Subvention receivable $ 508 $ 469 Commercial loan funding payable $ 55 $ 105 Taxes payable $ 384 $ 8 Years Ended December 31, Income Statement Data 2023 2022 2021 Interest subvention earned on retail finance receivables (a) $ 1,126 $ 921 $ 792 Interest subvention earned on commercial finance receivables (a) $ 108 $ 63 $ 28 Leased vehicle subvention earned (b) $ 1,537 $ 1,916 $ 2,702 _________________ (a) Included in finance charge income. (b) 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 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, and GM will use commercially reasonable efforts to ensure that we will continue to be designated as a subsidiary borrower under GM's corporate revolving credit facilities. We have access, subject to available capacity, to $14.1 billion of GM's unsecured revolving credit facilities consisting of a five-year, $10.0 billion facility and a three-year, $4.1 billion facility. We also have exclusive access to GM's $2.0 billion 364-Day Revolving Credit Facility (GM Revolving 364-Day Credit Facility). We had no borrowings outstanding under any of the GM revolving credit facilities at December 31, 2023 or December 31, 2022. In March 2023, GM renewed and reduced the total borrowing capacity of the five-year, $11.2 billion facility to $10.0 billion, which now matures on March 31, 2028. GM also renewed and reduced the total borrowing capacity of the three-year, $4.3 billion facility to $4.1 billion, which now matures on March 31, 2026, and renewed the GM Revolving 364-Day Credit Facility, which now matures on March 30, 2024.

Finance Receivables

Finance Receivables	12 Months Ended
	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables	Finance Receivables December 31, 2023 December 31, 2022 Retail finance receivables Retail finance receivables, net of fees (a) $ 72,729 $ 65,322 Less: allowance for loan losses (2,308) (2,062) Total retail finance receivables, net 70,421 63,260 Commercial finance receivables Commercial finance receivables, net of fees (a)(b)(c) 14,251 11,288 Less: allowance for loan losses (36) (34) Total commercial finance receivables, net 14,216 11,254 Total finance receivables, net $ 84,637 $ 74,514 Fair value utilizing Level 2 inputs $ 14,216 $ 11,254 Fair value utilizing Level 3 inputs $ 70,911 $ 62,150 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs. (b) Net of dealer cash management balances of $2.6 billion and $1.9 billion at December 31, 2023 and 2022. (c) Includes dealer financing of $13.4 billion and $10.8 billion, and other financing of $830 million and $476 million at December 31, 2023 and 2022. Rollforward of Allowance for Retail Loan Losses A summary of the activity in the allowance for retail loan losses is as follows: Years Ended December 31, 2023 2022 2021 Allowance for retail loan losses beginning balance $ 2,062 $ 1,839 $ 1,915 Provision for loan losses 826 668 267 Charge-offs (1,423) (1,138) (897) Recoveries 767 685 571 Foreign currency translation and other 76 9 (17) Allowance for retail loan losses ending balance $ 2,308 $ 2,062 $ 1,839 The allowance for retail loan losses as of percentage of retail finance receivables, net of fees was 3.2% at both December 31, 2023 and 2022. 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 December 31, 2023 and 2022: Year of Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Total Percent Prime - FICO Score 680 and greater $ 23,940 $ 15,581 $ 9,039 $ 4,926 $ 1,076 $ 320 $ 54,882 75.5 % Near-prime - FICO Score 620 to 679 3,234 2,281 1,746 906 350 129 8,647 11.9 Sub-prime - FICO Score less than 620 3,079 2,397 1,884 1,010 573 257 9,200 12.6 Retail finance receivables, net of fees $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 % Year of Origination December 31, 2022 2022 2021 2020 2019 2018 Prior Total Percent Prime - FICO Score 680 and greater $ 22,677 $ 13,399 $ 7,991 $ 2,254 $ 1,019 $ 205 $ 47,543 72.8 % Near-prime - FICO Score 620 to 679 3,202 2,601 1,487 688 310 104 8,392 12.8 Sub-prime - FICO Score less than 620 3,211 2,746 1,604 1,051 496 280 9,388 14.4 Retail finance receivables, net of fees $ 29,090 $ 18,745 $ 11,081 $ 3,992 $ 1,824 $ 589 $ 65,322 100.0 % 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 amortized cost of retail finance receivables by delinquency status, for each vintage of the portfolio at December 31, 2023 and 2022. The first table also presents our charge-offs for 2023 by vintage: Year of Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Total Percent 0 - 30 days $ 29,816 $ 19,602 $ 12,098 $ 6,533 $ 1,825 $ 599 $ 70,472 96.9 % 31 - 60 days 318 470 415 227 130 78 1,637 2.3 Greater than 60 days 102 168 142 76 42 29 559 0.8 Finance receivables more than 30 days delinquent 421 637 557 302 172 107 2,196 3.0 In repossession 17 20 14 6 3 1 61 0.1 Finance receivables more than 30 days delinquent or in repossession 437 657 572 308 175 108 2,257 3.1 Retail finance receivables, net of fees $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 % Charge-offs $ 143 $ 494 $ 399 $ 192 $ 108 $ 87 $ 1,423 Year of Origination December 31, 2022 2022 2021 2020 2019 2018 Prior Total Percent 0 - 30 days $ 28,676 $ 18,128 $ 10,702 $ 3,743 $ 1,685 $ 493 $ 63,426 97.1 % 31 - 60 days 310 452 275 184 103 69 1,393 2.1 Greater than 60 days 93 150 98 62 35 26 465 0.7 Finance receivables more than 30 days delinquent 403 603 373 246 138 95 1,857 2.8 In repossession 11 14 6 4 2 1 39 0.1 Finance receivables more than 30 days delinquent or in repossession 414 617 380 249 140 96 1,896 2.9 Retail finance receivables, net of fees $ 29,090 $ 18,745 $ 11,081 $ 3,992 $ 1,824 $ 589 $ 65,322 100.0 % The accrual of finance charge income had been suspended on retail finance receivables with contractual amounts due of $809 million and $685 million at December 31, 2023 and 2022. Loan Modifications The amortized cost at December 31, 2023 of the loans modified during 2023 was insignificant. The unpaid principal balances, net of recoveries, of loans charged off during the reporting period that were modified within 12 months preceding default were insignificant for 2023. Refer to Note 1 for additional information. Commercial Credit Quality Our commercial finance receivables consist of dealer financing, primarily for dealer inventory purchases, and other financing, which includes loans to commercial vehicle upfitters, as well as advances to certain GM subsidiaries. For our dealer financing, we use proprietary models to assign a risk rating to each dealer and perform periodic credit reviews of each dealership. We adjust the dealership's risk rating, if necessary. There is limited credit risk associated with other financing due to the structure of the business relationships. Our dealer 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 dealer credit risk profile by dealer risk rating at December 31, 2023 and 2022: Year of Origination December 31, 2023 Dealer Risk Rating Revolving 2023 2022 2021 2020 2019 Prior Total Percent I $ 11,638 $ 295 $ 417 $ 297 $ 301 $ 85 $ 11 $ 13,043 97.2 % II 182 — 2 2 — — — 187 1.4 III 152 1 15 12 — 11 — 192 1.4 IV — — — — — — — — — Balance at end of period $ 11,971 $ 296 $ 435 $ 311 $ 301 $ 96 $ 11 $ 13,422 100.0 % Year of Origination December 31, 2022 Dealer Risk Rating Revolving 2022 2021 2020 2019 2018 Prior Total Percent I $ 9,261 $ 452 $ 361 $ 372 $ 102 $ 45 $ 24 $ 10,618 98.2 % II 89 — 1 — — — — 91 0.8 III 78 15 — — 10 — — 104 1.0 IV — — — — — — — — — Balance at end of period $ 9,428 $ 468 $ 363 $ 372 $ 112 $ 45 $ 25 $ 10,812 100.0 % Floorplan advances comprise 99.7% and 99.0% of the total revolving balances at December 31, 2023 and 2022. Dealer term loans are presented by year of origination. At December 31, 2023 and 2022, substantially all of our commercial finance receivables were current with respect to payment status, and activity in the allowance for commercial loan losses was insignificant for 2023, 2022 and 2021. There were no commercial finance receivables on nonaccrual status at December 31, 2023 and 2022. During 2023, there were insignificant charge-offs and no loan modifications extended to borrowers experiencing financial difficulty.

Leased Vehicles

Leased Vehicles	12 Months Ended
	Dec. 31, 2023
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
Leased Vehicles	Leased Vehicles December 31, 2023 December 31, 2022 Leased vehicles $ 42,343 $ 46,069 Manufacturer subvention (4,422) (5,150) Net capitalized cost 37,921 40,919 Less: accumulated depreciation (7,338) (8,218) Leased vehicles, net $ 30,582 $ 32,701 Depreciation expense related to leased vehicles, net was $4.9 billion, $4.8 billion and $6.1 billion in 2023, 2022 and 2021. The following table summarizes minimum rental payments due to us as lessor under operating leases at December 31, 2023: Years Ending December 31, 2024 2025 2026 2027 2028 Thereafter Total Lease payments under operating leases $ 4,817 $ 3,117 $ 1,265 $ 132 $ 3 $ — $ 9,334

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The following table summarizes the changes in the carrying amounts of goodwill by segment: Years Ended December 31, 2023 2022 2021 North America International Total North America International Total North America International Total Beginning balance $ 1,105 $ 66 $ 1,171 $ 1,105 $ 64 $ 1,169 $ 1,105 $ 68 $ 1,173 Foreign currency translation — 7 7 (1) 3 2 — (4) (4) Ending balance $ 1,105 $ 73 $ 1,178 $ 1,105 $ 66 $ 1,171 $ 1,105 $ 64 $ 1,169 As of December 31, 2023, intangible assets were insignificant. We had no intangible assets as of December 31, 2022.

Equity in Net Assets of Noncons

Equity in Net Assets of Nonconsolidated Affiliates	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity in Net Assets of Nonconsolidated Affiliates	Equity in Net Assets of Nonconsolidated Affiliates We use the equity method to account for our equity interest in joint ventures. Revenue and expenses of our joint ventures are not consolidated into our financial statements; rather, our proportionate share of the earnings of each joint venture is reflected as equity income. The following tables present certain aggregated financial data of our joint ventures: Summarized Balance Sheet Data December 31, 2023 December 31, 2022 Finance receivables, net $ 18,142 $ 22,011 Total assets $ 19,629 $ 23,558 Debt $ 13,692 $ 17,952 Total liabilities $ 15,751 $ 19,713 Years Ended December 31, Summarized Operating Data 2023 2022 2021 Finance charge income $ 1,373 $ 1,636 $ 1,668 Provision for loan losses $ 182 $ 172 $ 32 Income before income taxes $ 525 $ 661 $ 774 Net income $ 393 $ 494 $ 582 The following table summarizes our direct ownership interests in China joint ventures: Joint Ventures December 31, 2023 December 31, 2022 SAIC-GMAC Automotive Finance Company Limited 35 % 35 % SAIC-GMF Leasing Co. Ltd. 35 % 35 % In 2023, 2022 and 2021, SAIC-GMAC Automotive Finance Company Limited paid $273 million, $342 million and $309 million of cash dividends, of which our share was $96 million, $120 million and $108 million. At December 31, 2023 and 2022, we had undistributed earnings of $837 million and $795 million related to our nonconsolidated affiliates.

Debt

Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt December 31, 2023 December 31, 2022 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 4,960 $ 4,960 $ 3,931 $ 3,931 Securitization notes payable 40,284 40,012 38,200 37,537 Total secured debt 45,243 44,971 42,131 41,467 Unsecured debt Senior notes 49,990 49,537 46,111 43,676 Credit facilities 2,034 2,026 1,473 1,448 Other unsecured debt 8,060 8,088 7,139 7,146 Total unsecured debt 60,084 59,651 54,723 52,270 Total secured and unsecured debt $ 105,327 $ 104,622 $ 96,854 $ 93,738 Fair value utilizing Level 2 inputs $ 102,262 $ 91,545 Fair value utilizing Level 3 inputs $ 2,360 $ 2,192 Secured Debt Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged assets. Refer to Note 8 for further information. The weighted average interest rate on secured debt was 5.32% at December 31, 2023. Issuance costs on secured debt of $82 million as of December 31, 2023 and $84 million as of December 31, 2022 are amortized to interest expense over the expected term of the secured debt. The terms of our revolving credit facilities provide for a revolving period and subsequent amortization period, and borrowings are expected to be repaid over periods ranging up to six years. During 2023, we renewed credit facilities with a total borrowing capacity of $20.8 billion. Securitization notes payable at December 31, 2023 are due beginning in 2024 and lasting through 2036. During 2023, we issued $23.6 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 5.60% and maturity dates ranging from 2023 to 2036. Unsecured Debt Senior Notes At December 31, 2023, we had $51.2 billion aggregate principal amount outstanding in senior notes that mature from 2024 through 2034 and have a weighted average interest rate of 3.82%. Issuance costs on senior notes of $125 million as of December 31, 2023 and $113 million as of December 31, 2022 are amortized to interest expense over the term of the notes. During 2023, we issued $11.4 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 5.70% and maturity dates ranging from 2026 to 2034. General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' unsecured debt obligations for which a guarantee is provided. Credit Facilities and Other Unsecured Debt We use unsecured credit facilities with banks as well as non-bank instruments as funding sources. Our credit facilities and other unsecured debt have maturities of up to five years. The weighted average interest rate on these credit facilities and other unsecured debt was 7.82% at December 31, 2023. Contractual Debt Obligations The following table presents the expected scheduled principal and interest payments under our contractual debt obligations: Years Ending December 31, 2024 2025 2026 2027 2028 Thereafter Total Secured debt $ 22,091 $ 11,886 $ 6,358 $ 1,630 $ 1,162 $ 2,176 $ 45,301 Unsecured debt 16,546 11,086 8,691 7,140 6,002 11,823 61,289 Interest payments 3,916 2,356 1,470 921 602 847 10,113 $ 42,554 $ 25,327 $ 16,519 $ 9,691 $ 7,766 $ 14,846 $ 116,703 Compliance with Debt Covenants

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Variable Interest Entities	Variable Interest Entities Securitizations and Credit Facilities The following table summarizes the assets and liabilities related to our consolidated VIEs: December 31, 2023 December 31, 2022 Restricted cash (a) $ 2,765 $ 2,535 Finance receivables, net of fees $ 46,648 $ 38,774 Lease related assets $ 15,794 $ 18,456 Secured debt $ 45,299 $ 42,188 _______________ (a) Included in other assets.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2023
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: December 31, 2023 December 31, 2022 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Derivatives designated as hedges Fair value hedges Interest rate swaps $ 18,379 $ 75 $ 238 $ 19,950 $ — $ 821 Cash flow hedges Interest rate swaps 2,381 17 16 1,434 34 1 Foreign currency swaps 8,003 144 311 6,852 — 586 Derivatives not designated as hedges Interest rate contracts 134,683 1,573 1,997 113,975 2,268 1,984 Total $ 163,446 $ 1,809 $ 2,563 $ 142,212 $ 2,302 $ 3,392 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. 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 December 31, 2023 and 2022, the fair value of derivative instruments that are classified as assets or liabilities available for offset was $1.2 billion and $1.3 billion. At December 31, 2023 and 2022, we held $457 million and $553 million of collateral from counterparties that was available for netting against our asset positions. At December 31, 2023 and 2022, we had $1.2 billion and $1.5 billion of collateral posted to counterparties that was available for netting against our liability positions. The following amounts were recorded in the 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) December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Unsecured debt $ 33,551 $ 28,319 $ 1,029 $ 781 _________________ (a) Includes $872 million and $86 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at December 31, 2023 and 2022. The table below presents the effect of our derivative financial instruments in the consolidated statements of income: Years Ended December 31, 2023 2022 2021 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 $ 248 $ — $ 1,003 $ — $ 371 $ — Interest rate swaps (279) — (957) — (362) — Hedged items - foreign currency swaps (c) — — — 23 — 61 Foreign currency swaps — — (2) (24) (13) (56) Cash flow hedges Interest rate swaps 37 — 15 — (13) — Hedged items - foreign currency swaps (c) — (263) — 611 — 415 Foreign currency swaps (145) 263 (156) (611) (128) (415) Derivatives not designated as hedges Interest rate contracts 218 — 130 — 150 — Foreign currency contracts — (1) — (4) — (3) Total income (loss) recognized $ 79 $ (1) $ 33 $ (4) $ 5 $ 2 _________________ (a) Total interest expense was $4.7 billion, $2.9 billion and $2.5 billion for 2023, 2022 and 2021. (b) Total operating expenses were $1.8 billion, $1.7 billion and $1.6 billion for 2023, 2022 and 2021. (c) Transaction activity related to foreign currency-denominated debt. The tables below present the effect of our derivative financial instruments in the consolidated statements of comprehensive income: Gains (Losses) Recognized In Years Ended December 31, 2023 2022 2021 Fair value hedges Foreign currency swaps $ — $ (2) $ (6) Cash flow hedges Interest rate swaps (1) 17 14 Foreign currency swaps 139 (529) (352) Total $ 138 $ (514) $ (344) (Gains) Losses Reclassified From Accumulated Other Years Ended December 31, 2023 2022 2021 Fair value hedges Foreign currency swaps $ — $ 2 $ 6 Cash flow hedges Interest rate swaps (28) (11) 9 Foreign currency swaps (92) 578 409 Total $ (120) $ 569 $ 424 All amounts reclassified from accumulated other comprehensive income (loss) were recorded to interest expense. During the next 12 months, we estimate $5 million in losses will be reclassified into pre-tax earnings from derivatives designated for hedge accounting.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases Our lease obligations consist primarily of real estate office space. Certain leases contain escalation clauses and renewal options, and generally our leases have no residual value guarantees or material covenants. We exclude from our balance sheet leases with a term equal to one year or less, and do not separate non-lease components from our real estate leases. Rent expense under operating leases was $37 million, $39 million and $37 million in 2023, 2022 and 2021. Variable lease costs were insignificant for 2023, 2022 and 2021. At December 31, 2023 and 2022, operating lease right-of-use assets operating lease liabilities Concentrations of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk are primarily cash equivalents, restricted cash, derivative financial instruments and retail finance receivables. Our cash equivalents and restricted cash represent investments in highly rated securities placed through various major financial institutions. The counterparties to our derivative financial instruments are various major financial institutions. Borrowers located in Texas accounted for 12.8% of the retail finance receivables portfolio at December 31, 2023. No other state or country accounted for more than 10% of the retail finance receivables portfolio. At December 31, 2023, substantially all of our commercial finance receivables represent loans to GM-franchised dealers and their affiliates. 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. 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 December 31, 2023, we estimated our reasonably possible legal exposure for unfavorable outcomes is approximately $148 million, and we have accrued $135 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 $184 million at December 31, 2023.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity December 31, 2023 December 31, 2022 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 In 2023, 2022 and 2021, our Board of Directors declared and paid dividends of $1.8 billion, $1.7 billion and $3.5 billion on our common stock to General Motors Holdings LLC. December 31, 2023 December 31, 2022 Preferred Stock Number of shares authorized 250,000,000 250,000,000 Number of shares issued and outstanding (a) Series A 1,000,000 1,000,000 Series B 500,000 500,000 Series C 500,000 500,000 _________________ (a) Issued at a liquidation preference of $1,000 per share. During both 2023 and 2022, we paid dividends of $58 million to holders of record of our Series A Preferred Stock, $32 million to holders of record of our Series B Preferred Stock, and $29 million to holders of record of our Series C Preferred Stock. During 2021, we paid dividends of $58 million to holders of record of our Series A Preferred Stock, $32 million to holders of record of our Series B Preferred Stock, and $30 million to holders of record to our Series C Preferred Stock. In November 2023, 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 March 30, 2024 to holders of record at March 15, 2024. Accordingly, $59 million has been set aside for the payment of these dividends. The following table summarizes the significant components of accumulated other comprehensive income (loss): Years Ended December 31, 2023 2022 2021 Unrealized gain (loss) on hedges Beginning balance $ (21) $ (77) $ (157) Change in value of hedges, net of tax 18 55 80 Ending balance (3) (21) (77) Defined benefit plans Beginning balance 1 1 1 Unrealized gain (loss) on subsidiary pension, net of tax — 1 — Ending balance 1 1 1 Foreign currency translation adjustment Beginning balance (1,352) (1,197) (1,153) Translation gain (loss), net of tax 147 (156) (44) Ending balance (1,206) (1,352) (1,197) Total accumulated other comprehensive income (loss) $ (1,208) $ (1,373) $ (1,273)

Parent Company Stock-Based Comp

Parent Company Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Parent Company Stock-Based Compensation	Parent Company Stock-Based Compensation GM grants to certain employees and key executive officers Restricted Stock Units (RSUs), Performance-based Share Units (PSUs) and stock options. Shares awarded under the plans are subject to forfeiture if the participant leaves the company for reasons other than those permitted under the plans, such as retirement, death or disability. RSU awards granted either cliff vest or ratably vest generally over a three-year service period, as defined in the terms of each award. PSU awards vest at the end of a three-year performance period based on performance criteria determined by the Executive Compensation Committee of the GM Board of Directors at the time of award. The number of shares earned may equal, exceed or be less than the targeted number of shares depending on whether the performance criteria are met, surpassed or not met. Stock options expire 10 years from the grant date. GM's performance-based stock options vest ratably over 55 months based on the performance of its common stock relative to that of a specified peer group. GM's service-based stock options vest ratably over three years. The following table summarizes information about RSUs, PSUs and stock options granted to our employees and key executive officers under GM's stock-based compensation programs (shares in thousands): Year Ended December 31, 2023 Shares Weighted-Average Grant Date Fair Value Weighted-Average Remaining Contractual Term in Years Outstanding at January 1, 2023 2,710 $ 39.72 1.3 Granted 1,174 $ 40.01 Settled (781) $ 41.75 Forfeited or expired (86) $ 50.20 Outstanding at December 31, 2023 (a) 3,017 $ 38.96 1.3 Unvested at December 31, 2023 1,505 $ 45.89 1.3 Vested and payable at December 31, 2023 1,421 $ 31.63 ________________ (a) Includes the target amount of PSUs. The assumptions used to estimate the fair value of the stock options are a dividend yield of 1.90%, 1.60% and 1.67%, expected volatility of 34.0%, 41.0% and 47.9%, a risk-free interest rate of 3.70%, 1.88% and 0.76%, and an expected option life of 6.0 years for options issued during 2023, 2022 and 2021. The expected volatility is based on the average of the implied volatility of publicly traded options for GM's common stock. Total compensation expense related to the above awards was $42 million in 2023 and $50 million in both 2022 and 2021. At December 31, 2023, total unrecognized compensation expense for nonvested equity awards granted was $36 million. This expense is expected to be recorded over a weighted-average period of 1.3 years. The total fair value of RSUs and PSUs vested was $45 million, $31 million and $20 million at December 31, 2023, 2022 and 2021.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans We have defined contribution retirement plans covering the majority of our employees. We recognized compensation expense related to these plans of $35 million, $29 million and $24 million in 2023, 2022 and 2021. Contributions to the plans were made in cash.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table summarizes income before income taxes and equity income: Years Ended December 31, 2023 2022 2021 U.S. income $ 2,417 $ 3,499 $ 4,263 Non-U.S. income 430 404 572 Income before income taxes and equity income $ 2,847 $ 3,903 $ 4,835 Income Tax Expense Years Ended December 31, 2023 2022 2021 Current income tax expense U.S. federal $ 341 $ 342 $ 669 U.S. state and local 144 85 233 Non-U.S. 91 80 136 Total current 576 507 1,038 Deferred income tax expense U.S. federal 112 322 136 U.S. state and local 24 85 7 Non-U.S. 28 77 66 Total deferred 165 484 209 Total income tax provision $ 741 $ 992 $ 1,247 We have foreign subsidiaries with cumulative undistributed earnings that are indefinitely reinvested. Accordingly, no provision for U.S. income tax has been provided, and the unrecognized deferred tax liability is insignificant. An estimate of the undistributed earnings is $454 million and $390 million at December 31, 2023 and 2022. A reconciliation between the U.S. federal statutory tax rate and the effective tax rate is as follows: Years Ended December 31, 2023 2022 2021 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % Non-U.S. income taxed at other than the U.S. federal statutory rate 1.1 0.9 1.1 State and local income taxes 3.6 3.2 3.7 U.S. tax on non-U.S. earnings 3.8 0.3 (0.3) Valuation allowance (2.9) 0.3 0.4 Other (0.6) (0.3) (0.1) Effective tax rate 26.0 % 25.4 % 25.8 % Deferred Income Tax Assets and Liabilities Deferred income tax assets and liabilities at December 31, 2023 and 2022 reflect the effect of temporary differences between amounts of assets, liabilities and equity for financial reporting purposes and the basis of such assets, liabilities and equity as measured by tax laws, as well as tax loss and tax credit carryforwards. The following table summarizes the components of temporary differences and carryforwards that give rise to deferred tax assets and liabilities: December 31, 2023 December 31, 2022 Deferred tax assets Net operating loss carryforward - U.S. (a) $ 2 $ 2 Net operating loss carryforward - non-U.S. (b) 115 128 Market value difference of loan portfolio 322 — Accruals 186 147 Tax credits (c) 352 383 Other 164 171 Total deferred tax assets before valuation allowance 1,141 830 Less: valuation allowance (236) (318) Total deferred tax assets 905 513 Deferred tax liabilities Depreciable assets 2,354 1,827 Deferred acquisition costs 159 97 Market value difference of loan portfolio — 32 Other 125 141 Total deferred tax liabilities 2,638 2,098 Net deferred tax liability $ (1,733) $ (1,585) _________________ (a) At December 31, 2023, U.S. operating loss deferred tax assets were $2 million, expiring through 2037, if not utilized. (b) At December 31, 2023, non-U.S. operating loss deferred tax assets were $115 million, of which $28 million can be carried forward indefinitely and $87 million will expire by 2043, if not utilized. (c) At December 31, 2023, U.S. tax credit carryforwards were $352 million, expiring through 2043, if not utilized. As of December 31, 2023, we have $236 million in valuation allowances against deferred tax assets in U.S. jurisdictions. The decrease in valuation allowance of $82 million is primarily due to foreign tax credit expiration of $42 million and federal capital loss expiration of $37 million. Unrecognized Tax Benefits Years Ended December 31, 2023 2022 2021 Beginning balance $ 63 $ 70 $ 62 Additions to prior years' tax positions 22 — 2 Reductions to prior years' tax positions — (6) — Additions to current year tax positions 9 — 12 Changes in tax positions due to lapse of statutory limitations (8) (2) (6) Foreign currency translation — 1 — Ending balance $ 86 $ 63 $ 70 At December 31, 2023, 2022 and 2021, there were $67 million, $51 million and $49 million of net unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate. We recognize accrued interest and penalties associated with uncertain tax positions as a component of the income tax provision. Accrued interest and penalties are included within other liabilities on the consolidated balance sheets. At December 31, 2023 and 2022, we had liabilities of $62 million and $58 million for income tax-related interest and penalties. At December 31, 2023, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits in the next twelve months. Other Matters We are included in GM's consolidated U.S. federal income tax returns and certain U.S. state returns, and we are obligated to pay GM for our share of these tax liabilities. Amounts owed to GM for income taxes are recorded as a related party payable. At December 31, 2023 and 2022, we had $384 million and $8 million in related party taxes payable for federal and state tax liabilities. Income tax returns are filed in multiple jurisdictions and are subject to examination by taxing authorities throughout the world. We have open tax years from 2010 to 2023 with various tax jurisdictions. These open years contain matters that could be subject to differing interpretations of applicable tax laws and regulations as they relate to the amount, character, timing or inclusion of revenue and/or recognition of expenses, or the sustainability of income tax credits. Certain of our state and foreign tax returns are currently under examination in various jurisdictions.

Supplemental Information for th

Supplemental Information for the Consolidated Statements of Cash Flows	12 Months Ended
	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Information for the Consolidated Statements of Cash Flows	Supplemental Information for the Consolidated Statements of Cash Flows Cash payments for interest costs and income taxes consist of the following: Years Ended December 31, 2023 2022 2021 Interest costs (none capitalized) $ 4,652 $ 2,673 $ 2,519 Income taxes $ 182 $ 824 $ 962 Non-cash investing items consist of the following: Years Ended December 31, 2023 2022 2021 Subvention receivable from GM (a) $ 508 $ 469 $ 282 Commercial loan funding payable to GM (a) $ 55 $ 105 $ 26 _________________ (a) Refer to Note 2 for further information.

Segment Reporting and Geographi

Segment Reporting and Geographic Information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Reporting and Geographic Information	Segment Reporting and Geographic Information 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: Year Ended December 31, 2023 North America International Total Total revenue $ 12,879 $ 1,345 $ 14,224 Operating expenses 1,450 368 1,818 Leased vehicle expenses 3,972 76 4,047 Provision for loan losses 682 144 826 Interest expense 4,109 576 4,685 Equity income — 138 138 Income before income taxes $ 2,666 $ 320 $ 2,985 Year Ended December 31, 2022 North America International Total Total revenue $ 11,777 $ 989 $ 12,766 Operating expenses 1,330 332 1,662 Leased vehicle expenses 3,613 54 3,668 Provision for loan losses 537 116 654 Interest expense 2,526 355 2,881 Equity income — 173 173 Income before income taxes $ 3,771 $ 305 $ 4,076 Year Ended December 31, 2021 North America International Total Total revenue $ 12,503 $ 916 $ 13,419 Operating expenses 1,328 320 1,648 Leased vehicle expenses 4,093 49 4,142 Provision for loan losses 164 84 248 Interest expense 2,309 237 2,546 Equity income — 201 201 Income before income taxes $ 4,609 $ 427 $ 5,036 December 31, 2023 December 31, 2022 North International Total North International Total Finance receivables, net $ 78,148 $ 6,489 $ 84,637 $ 69,705 $ 4,809 $ 74,514 Leased vehicles, net $ 30,227 $ 356 $ 30,582 $ 32,454 $ 247 $ 32,701 Total assets $ 122,128 $ 9,883 $ 132,011 $ 114,612 $ 7,934 $ 122,545 The following table summarizes information concerning principal geographic areas: At and For the Years Ended December 31, 2023 2022 2021 Revenue Long-Lived Assets (a) Revenue Long-Lived Assets (a) Revenue Long-Lived Assets (a) U.S. $ 12,168 $ 27,397 $ 11,037 $ 29,411 $ 11,718 $ 34,452 Non-U.S. (b) 2,056 3,309 1,729 3,431 1,701 3,629 Total consolidated $ 14,224 $ 30,707 $ 12,766 $ 32,842 $ 13,419 $ 38,081 _________________ (a) Long-lived assets include $30.6 billion, $32.7 billion, and $37.9 billion of vehicles on operating leases at December 31, 2023, 2022 and 2021. (b) No individual country represents more than 10% of our total revenue or long-lived assets.

Regulatory Capital and Other Re

Regulatory Capital and Other Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Banking Regulation, Risk-Based Information [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. Our most significant regulated international bank, located in Brazil, had a most recently reported capital ratio of 29.1%, and the minimum capital requirement was 10.5%. Total assets of our regulated international banks and finance companies were approximately $7.7 billion and $5.8 billion at December 31, 2023 and 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
History and Operations	History and Operations We have been operating in the automobile finance business in the U.S. since September 1992 and have been a wholly-owned subsidiary of GM since October 2010.
Basis of Presentation	Basis of Presentation The 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. Except as otherwise specified, dollar amounts presented within tables are stated in millions. Certain columns and rows may not add due to rounding. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities as of the date of the financial statements, as well as the amount of revenue and expenses during the reporting periods. Actual results could differ from those estimates, and those differences may be material.
Cash Equivalents	Cash Equivalents Cash equivalents are defined as short-term, highly liquid investments with original maturities of three months or less.
Net Presentation of Cash Flows on Commercial Finance Receivables and Related Debt	Net Presentation of Cash Flows on Commercial Finance Receivables and Related Debt Our commercial finance receivables are primarily comprised of floorplan financing, which are loans to dealers to finance vehicle inventory, also known as wholesale or inventory financing. In our experience, floorplan financing, as well as other short-duration receivables, are typically repaid within three months of when the credit is extended. Furthermore, we typically have the unilateral ability to call the floorplan loans and receive payment within 60 days of the call. Therefore, the presentation of the cash flows related to floorplan and other short-duration finance receivables is reflected on the consolidated statements of cash flows as "Net change in floorplan and other short-duration receivables."
Retail Finance and Commercial Finance Receivables and the Allowance for Loan Losses	Retail Finance Receivables and the Allowance for Loan Losses Our retail finance receivables portfolio consists of smaller-balance, homogeneous loans that are carried at amortized cost, net of allowance for loan losses. These loans are divided among pools based on common risk characteristics, such as internal credit score, origination period (vintage) and geography. An internal credit score, of which FICO is an input in North America, is created by using algorithms or statistical models contained in origination scorecards. The scorecards are used to evaluate a consumer’s ability to pay based on statistical modeling of his or her prior credit usage, structure of the loan and other information. The output of the scorecards rank-orders consumers from those who are least likely to default to those who are most likely to default. By further dividing the portfolio into pools based on internal credit scores, we are better able to distinguish expected credit performance for different credit risks. The allowance is aggregated for each of the pools. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses on our retail finance receivables portfolio. We use static pool modeling techniques to determine the allowance for loan losses expected over the remaining life of the receivables, which is supplemented by management judgment. We assess the recent internal operating and external environments and may qualitatively adjust certain assumptions to result in an allowance that is reflective of losses that are expected to occur in the forecasted environment. Expected losses are estimated for groups of accounts aggregated by internal credit score and monthly vintage. Generally, the expected losses are projected based on historical loss experience over the last 10 years, more heavily weighted toward recent performance to result in an estimate that is more reflective of the current internal and external environments. We consider forecast economic conditions over a reasonable and supportable forecast period. We determine the expected remaining life of the finance receivables to be a reasonable and supportable forecast horizon, primarily due to the relatively short weighted average life of retail finance receivables. We determined the economic factors that have the largest impact on expected losses include unemployment rates, interest rate spreads, disposable personal income and growth rates in gross domestic products. We use forecasts for our chosen factors provided by a leading economic research firm. We compare the forecasts to consensus forecasts to assess for reasonableness and may use one or more forecast scenarios provided by the research firm. We believe these factors are relevant in estimating expected losses and also consider an evaluation of overall portfolio credit quality based on indicators such as changes in our credit evaluation, underwriting and collection management policies, changes in the legal and regulatory environment, general economic conditions and business trends and uncertainties in forecasting and modeling techniques used in estimating our allowance. We update our retail loss forecast models and portfolio indicators on a quarterly basis to incorporate information reflective of the current and forecast economic environments. Assumptions regarding credit losses are reviewed periodically and may be impacted by actual performance of finance receivables and changes in any of the factors discussed above. Should the credit loss assumptions increase, there would be an increase in the amount of allowance for loan losses required, which would decrease the net carrying value of finance receivables and increase the amount of provision for loan losses. Commercial Finance Receivables and the Allowance for Loan Losses Our commercial lending offerings consist of financing products for dealers and other businesses. Dealer products include floorplan financing, as well as dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, or to purchase and/or finance dealership real estate. Other business products we provide include financing for commercial vehicle upfitters and advances to certain GM subsidiaries. Commercial finance receivables are carried at amortized cost, net of allowance for loan losses and any amounts held under our dealer cash management program. Provisions for loan losses are charged to operations in amounts sufficient to maintain the allowance for loan losses at levels considered adequate to cover expected credit losses in the commercial finance receivables portfolio. We establish the allowance for loan losses based on historical loss experience, as well as forecasted auto industry conditions, which is the economic indicator that we believe has the largest impact on expected losses. The dealer finance receivables are aggregated into loan-risk pools, which are determined based on our internally developed risk rating system. Dealers' financial and operating metrics are regularly scored and further evaluated to derive a risk rating. Based on dealer risk ratings, we establish probability of default and loss given default, and also determine if any specific dealer loan requires additional reserves.
Charge-off Policy	Charge-off Policy Retail finance receivables are generally charged off in the month in which the account becomes 120 days contractually delinquent if we have not yet recorded a repossession charge-off. Commercial finance receivables are individually evaluated and, where collectability of the recorded balance is in doubt, are written down to the fair value of the collateral less costs to sell. Commercial finance receivables are charged off at the earlier of when they are deemed uncollectible or reach 360 days past due.
Loan Modifications	Loan Modifications Under certain circumstances, we may agree to modify the terms of an existing loan with a borrower for various reasons, including financial difficulties. For those borrowers experiencing financial difficulties, we may provide interest rate reductions, principal forgiveness, payment deferments, term extensions or a combination thereof. A loan that is deferred greater than six months in the preceding twelve months would be considered to be other-than-insignificantly delayed. In such circumstances, we must determine whether the modification should be accounted for as an extinguishment of the original loan and a creation of a new loan, or the continuation of the original loan with modifications.
Leased Vehicles	Leased Vehicles As lessor, we have investments in leased vehicles recorded as operating leases. Leased vehicles consist of automobiles leased to retail customers and are carried at amortized cost less unearned manufacturer subvention payments, which are received up front. Depreciation expense is recorded on a straight-line basis over the term of the lease agreement to the estimated residual value. Manufacturer subvention is earned on a straight-line basis as a reduction to depreciation expense. Generally, the lessee may purchase the leased vehicle at the maturity of the lease by paying the purchase price stated in the lease agreement, which equals the contract residual value determined at origination of the lease, plus any fees and all other amounts owed under the lease. If the lessee decides not to purchase the leased vehicle, the lessee must return it to a dealer by the lease's scheduled maturity date. Since the lessee is not obligated to purchase the vehicle at the end of the contract, we are exposed to a risk of loss to the extent the customer returns the vehicle prior to or at the end of the lease term and the proceeds we receive on the disposition of the vehicle are lower than the residual value estimated at lease inception. We estimate the expected residual value based on third-party data that considers various data points and assumptions, including, but not limited to, recent auction values, the expected future volume of returning leased vehicles, used vehicle prices, manufacturer incentive programs and fuel prices. Changes in the expected residual value result in increased or decreased depreciation of the leased asset over the remaining term of the lease. Upon disposition, a gain or loss is recorded for any difference between the carrying amount of the lease and the proceeds from the disposition of the asset, including any insurance proceeds. Under the accounting for impairment or disposal of long-lived assets, vehicles on operating leases are evaluated by asset group for impairment. We aggregate leased vehicles into asset groups based on make, year and model. When asset group indicators of impairment exist and aggregate future cash flows from the operating lease, including the expected realizable fair value of the leased assets at the end of the lease, are less than the carrying amount of the lease asset group, an immediate impairment write-down is recognized if the difference is deemed not recoverable.
Variable Interest Entities - Securitizations and Credit Facilities	Variable Interest Entities – Securitizations and Credit Facilities We finance a significant portion of our loan and lease origination volume through the use of our credit facilities and execution of securitization transactions, which both utilize SPEs. In our credit facilities, we transfer finance receivables and lease-related assets to SPEs. These subsidiaries, in turn, issue notes to the agents, collateralized by such assets and cash. The agents provide funding under the notes to the subsidiaries pursuant to an advance formula, and the subsidiaries forward the funds to us in consideration for the transfer of the assets. In our securitizations, we transfer finance receivables and lease-related assets to SPEs structured as securitization trusts (Trusts), which issue one or more classes of asset-backed securities. The asset-backed securities are, in turn, sold to investors. Our continuing involvement with the credit facilities and Trusts consists of servicing assets held by the SPEs and holding residual interests in the SPEs. These transactions are structured without recourse. The SPEs are considered VIEs under GAAP and are consolidated because we have: (i) power over the significant activities of the entities and (ii) an obligation to absorb losses and the right to receive benefits from the VIEs that could be significant to the VIEs. Accordingly, we are the primary beneficiary of the VIEs and the finance receivables, lease-related assets, borrowings under our credit facilities and, following a securitization, the related securitization notes payable remain on the consolidated balance sheets. Refer to Note 3 , Note 7 and Note 8 for further information. We are not required, and do not currently intend, to provide any additional financial support to SPEs. While these subsidiaries are included in our consolidated financial statements, these subsidiaries are separate legal entities and the finance receivables, lease-related assets and cash held by these subsidiaries are legally owned by them and are not available to our creditors or creditors of our other subsidiaries. We recognize finance charge, lease vehicle and fee income on the securitized assets and interest expense on the secured debt issued in securitization transactions and record a provision for loan losses to recognize loan losses expected over the remaining life of the securitized assets. Cash pledged to support securitization transactions is deposited in a restricted account and recorded on our consolidated balance sheets as restricted cash, which is invested in highly liquid securities with original maturities of 90 days or less.
Property and Equipment	Property and Equipment Property and equipment is carried at amortized cost. Depreciation is generally recorded on a straight-line basis over the estimated useful lives of the assets, which ranges from 1 to 30 years. The basis of assets sold or retired and the related accumulated depreciation are removed from the accounts at the time of disposition and any resulting gain or loss is included in operating expenses. Maintenance, repairs and minor replacements are charged to operations as incurred; major replacements and improvements are capitalized.
Goodwill	Goodwill Goodwill is not amortized but rather tested for impairment annually on October 1 or when events occur or circumstances change that trigger a review. The impairment test entails an assessment of qualitative factors to determine whether it is more likely than not that an impairment exists. If it is more likely than not that an impairment exists, then a quantitative impairment test is performed. Impairment exists when the carrying amount of a reporting unit exceeds its fair value.
Derivative Financial Instruments	Derivative Financial Instruments We recognize all of our derivative financial instruments as either assets or liabilities on our consolidated balance sheets at fair value. We do not use derivative financial instruments for speculative trading purposes. Derivative financial instruments are generally expressed in notional principal or contract amounts that are much larger than the amounts potentially at risk for nonpayment by counterparties. Therefore, in the event of nonperformance by the counterparties, our credit exposure is limited to the uncollected interest and the market value related to the instruments that have become favorable to us, to the extent that market values are not collateralized. We maintain a policy of requiring that all derivative instruments be governed by an International Swaps and Derivatives Association Master Agreement. We enter into derivative instruments and establish risk limits with counterparties that we believe are creditworthy and generally settle on a net basis. In addition, management performs a quarterly assessment of our counterparty credit risk, including a review of credit ratings, credit default swap rates and potential nonperformance of the counterparty. Interest Rate Swap Agreements We utilize interest rate swap agreements to convert certain floating rate exposures to fixed rate or certain fixed-rate exposures to floating rate in order to manage our interest rate exposure. Cash flows from derivatives used to manage interest rate risk are classified as operating activities. We designate certain pay-fixed, receive-floating interest rate swaps as cash flow hedges of variable rate debt. The risk being hedged is the risk of variability in interest payments attributable to changes in interest rates. If the hedge relationship is deemed to be highly effective, we record the changes in the fair value of the hedge in accumulated other comprehensive income (loss). We designate certain receive-fixed, pay-floating interest rate swaps as fair value hedges of fixed-rate debt. The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate. If the hedge relationship is deemed to be highly effective, we record the changes in the fair value of the hedged debt related to the risk being hedged in interest expense. The change in fair value of the related hedge is also recorded in interest expense. Interest Rate Cap and Floor Agreements We may purchase interest rate cap and floor agreements to limit floating rate exposures in our credit facilities. As part of our interest rate risk management strategy and when economically feasible, we may simultaneously sell a corresponding interest rate cap or floor agreement in order to offset the premium paid to purchase the interest rate cap or floor agreement and thus retain the interest rate risk. Because the interest rate cap and floor agreements entered into by us or our SPEs do not qualify for hedge accounting, changes in the fair value of interest rate cap and floor agreements purchased by the SPEs and interest rate cap and floor agreements sold by us are recorded in interest expense. Foreign Currency Swap Agreements Our policy is to minimize exposure to changes in currency exchange rates. To meet funding objectives, we borrow in a variety of currencies. We face exposure to currency exchange rates when the currency of our earning assets differs from the currency of the debt funding those assets. When possible, we fund earning assets with debt in the same currency, minimizing exposure to exchange rate movements. When a different currency is used, we may use foreign currency swaps to convert our debt obligations to the local currency of the earning assets being financed. We designate certain pay-fixed, receive-fixed cross-currency swaps as cash flow hedges of foreign currency-denominated debt. The risk being hedged is the variability in the cash flows for the payments of both principal and interest attributable to changes in foreign currency exchange rates. If the hedge relationship is deemed to be highly effective, we record the effective portion of changes in the fair value of the swap in accumulated other comprehensive income (loss). When the hedged cash flows affect earnings via principal remeasurement or accrual of interest expense, we reclassify these amounts to operating expenses or interest expense. Any ineffective portion of a cash flow hedge is recorded to interest expense immediately. We designate certain pay-float, receive-float cross-currency swaps as fair value hedges of foreign currency-denominated debt. The risk being hedged is the foreign exchange risk associated with the remeasurement of the foreign currency-denominated debt. We assess effectiveness of these hedge relationships based on changes in fair value attributable only to changes in spot exchange rates. If the hedge relationship is deemed to be highly effective, we record changes in the fair value of the swap attributable to changes in spot exchange rates to operating expenses and changes in the fair value of the swap attributable to components excluded from the assessment of hedge effectiveness in accumulated other comprehensive income (loss), and reclassify interest accrual components to interest expense.
Fair Value	Fair Value Financial instruments are considered Level 1 when quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Financial instruments are considered Level 2 when inputs other than quoted prices are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Financial instruments are considered Level 3 when their values are determined using price models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. Level 3 financial instruments also include those for which the determination of fair value requires significant management judgment or estimation.
Income Taxes	Income Taxes We account for income taxes on a separate return basis using an asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, net operating loss and tax credit carryforwards. A valuation allowance is recognized if it is more likely than not that some portion of or the entire deferred tax asset will not be realized.
Revenue Recognition	Revenue Recognition Finance charge income earned on finance receivables is recognized using the effective interest method. Fees and commissions received (including manufacturer subvention) and direct costs of originating loans are generally deferred and amortized over the term of the related finance receivables using the effective interest method and are removed from the consolidated balance sheets when the related finance receivables are fully charged off or paid in full. Accrual of finance charge income on retail finance receivables is generally suspended on accounts that are more than 60 days delinquent, accounts in bankruptcy and accounts in repossession. Payments received on nonaccrual loans are first applied to any fees due, then to any interest due and then any remaining amounts are applied to principal. Interest accrual generally resumes once an account has received payments bringing the delinquency status to less than 60 days past due. Accrual of finance charge income on commercial finance receivables is generally suspended on accounts that are more than 90 days delinquent, upon receipt of a bankruptcy notice from a borrower, or where reasonable doubt exists about the full collectability of contractually agreed upon principal and interest. Payments received on nonaccrual loans are first applied to principal. Interest accrual resumes once an account has received payments bringing the account fully current and collection of contractual principal and interest is reasonably assured (including amounts previously charged off). Rental income earned on leased vehicles, which includes lease origination fees, net of lease origination costs, is recognized on a straight-line basis over the term of the lease agreement. Gains or losses realized upon disposition of off-lease vehicles, including any payments received from lessees upon lease termination, are included in leased vehicle expenses.
Parent Company Stock-Based Compensation	Parent Company Stock-Based Compensation We measure and record compensation expense for parent company stock-based compensation awards based on the award's estimated fair value. We record compensation expense over the applicable vesting period of an award. Refer to Note 12
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In March 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-02 "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" (ASU 2022-02), which eliminates the accounting guidance for troubled debt restructurings (TDRs) and enhances certain disclosure requirements related to loan modifications to borrowers experiencing difficulty. The ASU also requires including current period gross charge-offs by year of origination in the vintage disclosure. We adopted ASU 2022-02 on a modified retrospective basis on January 1, 2023 and applied the disclosure requirements prospectively. The impact of the adoption of ASU 2022-02 was insignificant. Refer to Note 3 for additional information.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following tables present related party transactions: Balance Sheet Data December 31, 2023 December 31, 2022 Commercial finance receivables, net due from dealers consolidated by GM $ 164 $ 187 Cruise receivables $ 353 $ 113 Subvention receivable $ 508 $ 469 Commercial loan funding payable $ 55 $ 105 Taxes payable $ 384 $ 8 Years Ended December 31, Income Statement Data 2023 2022 2021 Interest subvention earned on retail finance receivables (a) $ 1,126 $ 921 $ 792 Interest subvention earned on commercial finance receivables (a) $ 108 $ 63 $ 28 Leased vehicle subvention earned (b) $ 1,537 $ 1,916 $ 2,702 _________________ (a) Included in finance charge income. (b) Included as a reduction to leased vehicle expenses.

Finance Receivables (Tables)

Finance Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Finance Receivables, Net	December 31, 2023 December 31, 2022 Retail finance receivables Retail finance receivables, net of fees (a) $ 72,729 $ 65,322 Less: allowance for loan losses (2,308) (2,062) Total retail finance receivables, net 70,421 63,260 Commercial finance receivables Commercial finance receivables, net of fees (a)(b)(c) 14,251 11,288 Less: allowance for loan losses (36) (34) Total commercial finance receivables, net 14,216 11,254 Total finance receivables, net $ 84,637 $ 74,514 Fair value utilizing Level 2 inputs $ 14,216 $ 11,254 Fair value utilizing Level 3 inputs $ 70,911 $ 62,150 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs. (b) Net of dealer cash management balances of $2.6 billion and $1.9 billion at December 31, 2023 and 2022. (c) Includes dealer financing of $13.4 billion and $10.8 billion, and other financing of $830 million and $476 million at December 31, 2023 and 2022.
Schedule of Allowance for Credit Losses on Financing Receivables	A summary of the activity in the allowance for retail loan losses is as follows: Years Ended December 31, 2023 2022 2021 Allowance for retail loan losses beginning balance $ 2,062 $ 1,839 $ 1,915 Provision for loan losses 826 668 267 Charge-offs (1,423) (1,138) (897) Recoveries 767 685 571 Foreign currency translation and other 76 9 (17) Allowance for retail loan losses ending balance $ 2,308 $ 2,062 $ 1,839
Schedule of 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 December 31, 2023 and 2022: Year of Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Total Percent Prime - FICO Score 680 and greater $ 23,940 $ 15,581 $ 9,039 $ 4,926 $ 1,076 $ 320 $ 54,882 75.5 % Near-prime - FICO Score 620 to 679 3,234 2,281 1,746 906 350 129 8,647 11.9 Sub-prime - FICO Score less than 620 3,079 2,397 1,884 1,010 573 257 9,200 12.6 Retail finance receivables, net of fees $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 % Year of Origination December 31, 2022 2022 2021 2020 2019 2018 Prior Total Percent Prime - FICO Score 680 and greater $ 22,677 $ 13,399 $ 7,991 $ 2,254 $ 1,019 $ 205 $ 47,543 72.8 % Near-prime - FICO Score 620 to 679 3,202 2,601 1,487 688 310 104 8,392 12.8 Sub-prime - FICO Score less than 620 3,211 2,746 1,604 1,051 496 280 9,388 14.4 Retail finance receivables, net of fees $ 29,090 $ 18,745 $ 11,081 $ 3,992 $ 1,824 $ 589 $ 65,322 100.0 % Our dealer 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 December 31, 2023 Dealer Risk Rating Revolving 2023 2022 2021 2020 2019 Prior Total Percent I $ 11,638 $ 295 $ 417 $ 297 $ 301 $ 85 $ 11 $ 13,043 97.2 % II 182 — 2 2 — — — 187 1.4 III 152 1 15 12 — 11 — 192 1.4 IV — — — — — — — — — Balance at end of period $ 11,971 $ 296 $ 435 $ 311 $ 301 $ 96 $ 11 $ 13,422 100.0 % Year of Origination December 31, 2022 Dealer Risk Rating Revolving 2022 2021 2020 2019 2018 Prior Total Percent I $ 9,261 $ 452 $ 361 $ 372 $ 102 $ 45 $ 24 $ 10,618 98.2 % II 89 — 1 — — — — 91 0.8 III 78 15 — — 10 — — 104 1.0 IV — — — — — — — — — Balance at end of period $ 9,428 $ 468 $ 363 $ 372 $ 112 $ 45 $ 25 $ 10,812 100.0 %
Schedule of Past Due Financing Receivables	The following tables are consolidated summaries of the amortized cost of retail finance receivables by delinquency status, for each vintage of the portfolio at December 31, 2023 and 2022. The first table also presents our charge-offs for 2023 by vintage: Year of Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Total Percent 0 - 30 days $ 29,816 $ 19,602 $ 12,098 $ 6,533 $ 1,825 $ 599 $ 70,472 96.9 % 31 - 60 days 318 470 415 227 130 78 1,637 2.3 Greater than 60 days 102 168 142 76 42 29 559 0.8 Finance receivables more than 30 days delinquent 421 637 557 302 172 107 2,196 3.0 In repossession 17 20 14 6 3 1 61 0.1 Finance receivables more than 30 days delinquent or in repossession 437 657 572 308 175 108 2,257 3.1 Retail finance receivables, net of fees $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 % Charge-offs $ 143 $ 494 $ 399 $ 192 $ 108 $ 87 $ 1,423 Year of Origination December 31, 2022 2022 2021 2020 2019 2018 Prior Total Percent 0 - 30 days $ 28,676 $ 18,128 $ 10,702 $ 3,743 $ 1,685 $ 493 $ 63,426 97.1 % 31 - 60 days 310 452 275 184 103 69 1,393 2.1 Greater than 60 days 93 150 98 62 35 26 465 0.7 Finance receivables more than 30 days delinquent 403 603 373 246 138 95 1,857 2.8 In repossession 11 14 6 4 2 1 39 0.1 Finance receivables more than 30 days delinquent or in repossession 414 617 380 249 140 96 1,896 2.9 Retail finance receivables, net of fees $ 29,090 $ 18,745 $ 11,081 $ 3,992 $ 1,824 $ 589 $ 65,322 100.0 %

Leased Vehicles (Tables)

Leased Vehicles (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
Schedule of Leased Vehicles, Net	December 31, 2023 December 31, 2022 Leased vehicles $ 42,343 $ 46,069 Manufacturer subvention (4,422) (5,150) Net capitalized cost 37,921 40,919 Less: accumulated depreciation (7,338) (8,218) Leased vehicles, net $ 30,582 $ 32,701
Schedule of Minimum Rental Payments	The following table summarizes minimum rental payments due to us as lessor under operating leases at December 31, 2023: Years Ending December 31, 2024 2025 2026 2027 2028 Thereafter Total Lease payments under operating leases $ 4,817 $ 3,117 $ 1,265 $ 132 $ 3 $ — $ 9,334

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in the Carrying Amounts of Goodwill by Segment	The following table summarizes the changes in the carrying amounts of goodwill by segment: Years Ended December 31, 2023 2022 2021 North America International Total North America International Total North America International Total Beginning balance $ 1,105 $ 66 $ 1,171 $ 1,105 $ 64 $ 1,169 $ 1,105 $ 68 $ 1,173 Foreign currency translation — 7 7 (1) 3 2 — (4) (4) Ending balance $ 1,105 $ 73 $ 1,178 $ 1,105 $ 66 $ 1,171 $ 1,105 $ 64 $ 1,169 As of December 31, 2023, intangible assets were insignificant. We had no intangible assets as of December 31, 2022.

Equity in Net Assets of Nonco_2

Equity in Net Assets of Nonconsolidated Affiliates (Tables)	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Financial Information for our Joint Ventures	The following tables present certain aggregated financial data of our joint ventures: Summarized Balance Sheet Data December 31, 2023 December 31, 2022 Finance receivables, net $ 18,142 $ 22,011 Total assets $ 19,629 $ 23,558 Debt $ 13,692 $ 17,952 Total liabilities $ 15,751 $ 19,713 Years Ended December 31, Summarized Operating Data 2023 2022 2021 Finance charge income $ 1,373 $ 1,636 $ 1,668 Provision for loan losses $ 182 $ 172 $ 32 Income before income taxes $ 525 $ 661 $ 774 Net income $ 393 $ 494 $ 582 The following table summarizes our direct ownership interests in China joint ventures: Joint Ventures December 31, 2023 December 31, 2022 SAIC-GMAC Automotive Finance Company Limited 35 % 35 % SAIC-GMF Leasing Co. Ltd. 35 % 35 %

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	December 31, 2023 December 31, 2022 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 4,960 $ 4,960 $ 3,931 $ 3,931 Securitization notes payable 40,284 40,012 38,200 37,537 Total secured debt 45,243 44,971 42,131 41,467 Unsecured debt Senior notes 49,990 49,537 46,111 43,676 Credit facilities 2,034 2,026 1,473 1,448 Other unsecured debt 8,060 8,088 7,139 7,146 Total unsecured debt 60,084 59,651 54,723 52,270 Total secured and unsecured debt $ 105,327 $ 104,622 $ 96,854 $ 93,738 Fair value utilizing Level 2 inputs $ 102,262 $ 91,545 Fair value utilizing Level 3 inputs $ 2,360 $ 2,192
Schedule of Maturities of Long-term Debt	The following table presents the expected scheduled principal and interest payments under our contractual debt obligations: Years Ending December 31, 2024 2025 2026 2027 2028 Thereafter Total Secured debt $ 22,091 $ 11,886 $ 6,358 $ 1,630 $ 1,162 $ 2,176 $ 45,301 Unsecured debt 16,546 11,086 8,691 7,140 6,002 11,823 61,289 Interest payments 3,916 2,356 1,470 921 602 847 10,113 $ 42,554 $ 25,327 $ 16,519 $ 9,691 $ 7,766 $ 14,846 $ 116,703

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2023
Securitization and Credit Facility VIE
Variable Interest Entity [Line Items]
Schedule of Consolidated VIEs Assets and Liabilities	The following table summarizes the assets and liabilities related to our consolidated VIEs: December 31, 2023 December 31, 2022 Restricted cash (a) $ 2,765 $ 2,535 Finance receivables, net of fees $ 46,648 $ 38,774 Lease related assets $ 15,794 $ 18,456 Secured debt $ 45,299 $ 42,188 _______________ (a) Included in other assets.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
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: December 31, 2023 December 31, 2022 Notional Fair Value of Assets Fair Value of Liabilities Notional Fair Value of Assets Fair Value of Liabilities Derivatives designated as hedges Fair value hedges Interest rate swaps $ 18,379 $ 75 $ 238 $ 19,950 $ — $ 821 Cash flow hedges Interest rate swaps 2,381 17 16 1,434 34 1 Foreign currency swaps 8,003 144 311 6,852 — 586 Derivatives not designated as hedges Interest rate contracts 134,683 1,573 1,997 113,975 2,268 1,984 Total $ 163,446 $ 1,809 $ 2,563 $ 142,212 $ 2,302 $ 3,392
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following amounts were recorded in the 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) December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Unsecured debt $ 33,551 $ 28,319 $ 1,029 $ 781 _________________ (a) Includes $872 million and $86 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at December 31, 2023 and 2022.
Effect of Derivative Instruments on the Consolidated Statements of Income	The table below presents the effect of our derivative financial instruments in the consolidated statements of income: Years Ended December 31, 2023 2022 2021 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 $ 248 $ — $ 1,003 $ — $ 371 $ — Interest rate swaps (279) — (957) — (362) — Hedged items - foreign currency swaps (c) — — — 23 — 61 Foreign currency swaps — — (2) (24) (13) (56) Cash flow hedges Interest rate swaps 37 — 15 — (13) — Hedged items - foreign currency swaps (c) — (263) — 611 — 415 Foreign currency swaps (145) 263 (156) (611) (128) (415) Derivatives not designated as hedges Interest rate contracts 218 — 130 — 150 — Foreign currency contracts — (1) — (4) — (3) Total income (loss) recognized $ 79 $ (1) $ 33 $ (4) $ 5 $ 2 _________________ (a) Total interest expense was $4.7 billion, $2.9 billion and $2.5 billion for 2023, 2022 and 2021. (b) Total operating expenses were $1.8 billion, $1.7 billion and $1.6 billion for 2023, 2022 and 2021. (c) Transaction activity related to foreign currency-denominated debt. The tables below present the effect of our derivative financial instruments in the consolidated statements of comprehensive income: Gains (Losses) Recognized In Years Ended December 31, 2023 2022 2021 Fair value hedges Foreign currency swaps $ — $ (2) $ (6) Cash flow hedges Interest rate swaps (1) 17 14 Foreign currency swaps 139 (529) (352) Total $ 138 $ (514) $ (344) (Gains) Losses Reclassified From Accumulated Other Years Ended December 31, 2023 2022 2021 Fair value hedges Foreign currency swaps $ — $ 2 $ 6 Cash flow hedges Interest rate swaps (28) (11) 9 Foreign currency swaps (92) 578 409 Total $ (120) $ 569 $ 424

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Common and Preferred Stock	December 31, 2023 December 31, 2022 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 December 31, 2023 December 31, 2022 Preferred Stock Number of shares authorized 250,000,000 250,000,000 Number of shares issued and outstanding (a) Series A 1,000,000 1,000,000 Series B 500,000 500,000 Series C 500,000 500,000 _________________ (a) Issued at a liquidation preference of $1,000 per share.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the significant components of accumulated other comprehensive income (loss): Years Ended December 31, 2023 2022 2021 Unrealized gain (loss) on hedges Beginning balance $ (21) $ (77) $ (157) Change in value of hedges, net of tax 18 55 80 Ending balance (3) (21) (77) Defined benefit plans Beginning balance 1 1 1 Unrealized gain (loss) on subsidiary pension, net of tax — 1 — Ending balance 1 1 1 Foreign currency translation adjustment Beginning balance (1,352) (1,197) (1,153) Translation gain (loss), net of tax 147 (156) (44) Ending balance (1,206) (1,352) (1,197) Total accumulated other comprehensive income (loss) $ (1,208) $ (1,373) $ (1,273)

Parent Company Stock-Based Co_2

Parent Company Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of RSUs, PSUs and Stock Options Activity	The following table summarizes information about RSUs, PSUs and stock options granted to our employees and key executive officers under GM's stock-based compensation programs (shares in thousands): Year Ended December 31, 2023 Shares Weighted-Average Grant Date Fair Value Weighted-Average Remaining Contractual Term in Years Outstanding at January 1, 2023 2,710 $ 39.72 1.3 Granted 1,174 $ 40.01 Settled (781) $ 41.75 Forfeited or expired (86) $ 50.20 Outstanding at December 31, 2023 (a) 3,017 $ 38.96 1.3 Unvested at December 31, 2023 1,505 $ 45.89 1.3 Vested and payable at December 31, 2023 1,421 $ 31.63 ________________ (a) Includes the target amount of PSUs.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes	The following table summarizes income before income taxes and equity income: Years Ended December 31, 2023 2022 2021 U.S. income $ 2,417 $ 3,499 $ 4,263 Non-U.S. income 430 404 572 Income before income taxes and equity income $ 2,847 $ 3,903 $ 4,835
Schedule of Income Tax Expense	Income Tax Expense Years Ended December 31, 2023 2022 2021 Current income tax expense U.S. federal $ 341 $ 342 $ 669 U.S. state and local 144 85 233 Non-U.S. 91 80 136 Total current 576 507 1,038 Deferred income tax expense U.S. federal 112 322 136 U.S. state and local 24 85 7 Non-U.S. 28 77 66 Total deferred 165 484 209 Total income tax provision $ 741 $ 992 $ 1,247
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation between the U.S. federal statutory tax rate and the effective tax rate is as follows: Years Ended December 31, 2023 2022 2021 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % Non-U.S. income taxed at other than the U.S. federal statutory rate 1.1 0.9 1.1 State and local income taxes 3.6 3.2 3.7 U.S. tax on non-U.S. earnings 3.8 0.3 (0.3) Valuation allowance (2.9) 0.3 0.4 Other (0.6) (0.3) (0.1) Effective tax rate 26.0 % 25.4 % 25.8 %
Schedule of Deferred Tax Assets and Liabilities	The following table summarizes the components of temporary differences and carryforwards that give rise to deferred tax assets and liabilities: December 31, 2023 December 31, 2022 Deferred tax assets Net operating loss carryforward - U.S. (a) $ 2 $ 2 Net operating loss carryforward - non-U.S. (b) 115 128 Market value difference of loan portfolio 322 — Accruals 186 147 Tax credits (c) 352 383 Other 164 171 Total deferred tax assets before valuation allowance 1,141 830 Less: valuation allowance (236) (318) Total deferred tax assets 905 513 Deferred tax liabilities Depreciable assets 2,354 1,827 Deferred acquisition costs 159 97 Market value difference of loan portfolio — 32 Other 125 141 Total deferred tax liabilities 2,638 2,098 Net deferred tax liability $ (1,733) $ (1,585) _________________ (a) At December 31, 2023, U.S. operating loss deferred tax assets were $2 million, expiring through 2037, if not utilized. (b) At December 31, 2023, non-U.S. operating loss deferred tax assets were $115 million, of which $28 million can be carried forward indefinitely and $87 million will expire by 2043, if not utilized. (c)
Schedule of Unrecognized Tax Benefits Activity	Unrecognized Tax Benefits Years Ended December 31, 2023 2022 2021 Beginning balance $ 63 $ 70 $ 62 Additions to prior years' tax positions 22 — 2 Reductions to prior years' tax positions — (6) — Additions to current year tax positions 9 — 12 Changes in tax positions due to lapse of statutory limitations (8) (2) (6) Foreign currency translation — 1 — Ending balance $ 86 $ 63 $ 70

Supplemental Information for _2

Supplemental Information for the Consolidated Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Payments for Interest Costs and Income Taxes	Cash payments for interest costs and income taxes consist of the following: Years Ended December 31, 2023 2022 2021 Interest costs (none capitalized) $ 4,652 $ 2,673 $ 2,519 Income taxes $ 182 $ 824 $ 962
Schedule of Noncash Activity	Non-cash investing items consist of the following: Years Ended December 31, 2023 2022 2021 Subvention receivable from GM (a) $ 508 $ 469 $ 282 Commercial loan funding payable to GM (a) $ 55 $ 105 $ 26 _________________ (a) Refer to Note 2 for further information.

Segment Reporting and Geograp_2

Segment Reporting and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Key operating data for our operating segments were as follows: Year Ended December 31, 2023 North America International Total Total revenue $ 12,879 $ 1,345 $ 14,224 Operating expenses 1,450 368 1,818 Leased vehicle expenses 3,972 76 4,047 Provision for loan losses 682 144 826 Interest expense 4,109 576 4,685 Equity income — 138 138 Income before income taxes $ 2,666 $ 320 $ 2,985 Year Ended December 31, 2022 North America International Total Total revenue $ 11,777 $ 989 $ 12,766 Operating expenses 1,330 332 1,662 Leased vehicle expenses 3,613 54 3,668 Provision for loan losses 537 116 654 Interest expense 2,526 355 2,881 Equity income — 173 173 Income before income taxes $ 3,771 $ 305 $ 4,076 Year Ended December 31, 2021 North America International Total Total revenue $ 12,503 $ 916 $ 13,419 Operating expenses 1,328 320 1,648 Leased vehicle expenses 4,093 49 4,142 Provision for loan losses 164 84 248 Interest expense 2,309 237 2,546 Equity income — 201 201 Income before income taxes $ 4,609 $ 427 $ 5,036 December 31, 2023 December 31, 2022 North International Total North International Total Finance receivables, net $ 78,148 $ 6,489 $ 84,637 $ 69,705 $ 4,809 $ 74,514 Leased vehicles, net $ 30,227 $ 356 $ 30,582 $ 32,454 $ 247 $ 32,701 Total assets $ 122,128 $ 9,883 $ 132,011 $ 114,612 $ 7,934 $ 122,545
Schedule of Operating Data by Geographical Areas	The following table summarizes information concerning principal geographic areas: At and For the Years Ended December 31, 2023 2022 2021 Revenue Long-Lived Assets (a) Revenue Long-Lived Assets (a) Revenue Long-Lived Assets (a) U.S. $ 12,168 $ 27,397 $ 11,037 $ 29,411 $ 11,718 $ 34,452 Non-U.S. (b) 2,056 3,309 1,729 3,431 1,701 3,629 Total consolidated $ 14,224 $ 30,707 $ 12,766 $ 32,842 $ 13,419 $ 38,081 _________________ (a) Long-lived assets include $30.6 billion, $32.7 billion, and $37.9 billion of vehicles on operating leases at December 31, 2023, 2022 and 2021. (b) No individual country represents more than 10% of our total revenue or long-lived assets.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Probable loss experience period	10 years
Threshold period for resuming interest accrual on delinquent accounts	60 days
Minimum
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Estimated useful life (in years)	1 year
Maximum
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Estimated useful life (in years)	30 years
Commercial Finance Receivables
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Typical repayment period	3 months
Threshold for charge-off	360 days
Threshold for nonaccrual	90 days
Commercial Finance Receivables | Maximum
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Payment period after loan is called	60 days
Retail Finance Receivables
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Line Items]
Threshold for charge-off	120 days
Threshold for nonaccrual	60 days

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 31, 2023	Feb. 28, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenue			$ 14,224,000,000	$ 12,766,000,000	$ 13,419,000,000
Related party tax payments			$ 72,000,000	690,000,000	824,000,000
Line of Credit
Related Party Transaction [Line Items]
Debt instrument term (in years)			5 years
Line of Credit | General Motors | Five Year Revolving Credit Facility
Related Party Transaction [Line Items]
Maximum borrowing capacity		$ 11,200,000,000
Debt instrument term (in years)		5 years	5 years
Current borrowing capacity	$ 10,000,000,000		$ 10,000,000,000
Line of Credit | General Motors | 364-Day Revolving Credit Facility
Related Party Transaction [Line Items]
Debt instrument term (in years)	364 days
Revolving credit facilities | Line of Credit | Cruise, LLC
Related Party Transaction [Line Items]
Cruise receivables			353,000,000	113,000,000
Maximum borrowing capacity			3,400,000,000
Revolving credit facilities | Line of Credit | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity			$ 14,100,000,000
Revolving credit facilities | Line of Credit | General Motors | Three Year Revolving Credit Facility Expiring April 2024
Related Party Transaction [Line Items]
Maximum borrowing capacity		$ 4,300,000,000
Debt instrument term (in years)		3 years	3 years
Current borrowing capacity	$ 4,100,000,000		$ 4,100,000,000
Revolving credit facilities | Line of Credit | General Motors | 364-Day Revolving Credit Facility
Related Party Transaction [Line Items]
Maximum borrowing capacity			$ 2,000,000,000
Debt instrument term (in years)			364 days
Junior Subordinated Revolving Credit Facility | General Motors
Related Party Transaction [Line Items]
Line of credit facilities - GM related party facility			$ 1,000,000,000
GM
Related Party Transaction [Line Items]
Revenue			$ 3,500,000,000	$ 2,400,000,000	$ 3,300,000,000

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Finance receivables, net of fees	$ 84,637	$ 74,514
Revolving credit facilities | Line of Credit | Cruise, LLC
Related Party Transaction [Line Items]
Cruise receivables	353	113
Related Party
Related Party Transaction [Line Items]
Finance receivables, net of fees	508	469
Taxes payable	384	8
Leased vehicle subvention earned	1,537	1,916	$ 2,702
Commercial Finance Receivables
Related Party Transaction [Line Items]
Finance receivables, net of fees	14,216	11,254
Commercial Finance Receivables | Related Party
Related Party Transaction [Line Items]
Finance receivables, net of fees	164	187
Commercial loan funding payable	55	105
Interest subvention earned	108	63	28
Retail Finance Receivables
Related Party Transaction [Line Items]
Finance receivables, net of fees	70,421	63,260
Retail Finance Receivables | Related Party
Related Party Transaction [Line Items]
Interest subvention earned	$ 1,126	$ 921	$ 792

Finance Receivables - Finance R

Finance Receivables - Finance Receivables, Net (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for loan losses	$ (2,344)	$ (2,096)
Finance receivables, net	84,637	74,514
Retail Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	72,729	65,322
Less: allowance for loan losses	(2,308)	(2,062)	$ (1,839)	$ (1,915)
Finance receivables, net	70,421	63,260
Commercial Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	14,251	11,288
Less: allowance for loan losses	(36)	(34)
Finance receivables, net	14,216	11,254
Dealer cash management balances	2,600	1,900
Commercial Finance Receivables | Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	13,422	10,812
Commercial Finance Receivables | Other Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net of fees	830	476
Level 2
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	14,216	11,254
Level 3
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	$ 70,911	$ 62,150

Finance Receivables - Allowance

Finance Receivables - Allowance for Loan Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	$ 2,096
Charge-offs	(1,423)
Allowance for retail loan losses ending balance	2,344	$ 2,096
Retail Finance Receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	2,062	1,839	$ 1,915
Provision for loan losses	826	668	267
Charge-offs	(1,423)	(1,138)	(897)
Recoveries	767	685	571
Foreign currency translation and other	76	9	(17)
Allowance for retail loan losses ending balance	$ 2,308	$ 2,062	$ 1,839

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Retail Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit loss (as a percent)	3.20%	3.20%
Nonaccrual loans	$ 809	$ 685
Commercial Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0	$ 0
Financing receivable, allowance for credit loss, modification of loans	$ 0
Commercial Finance Receivables | Floorplan Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of revolving balance	99.70%	99%

Finance Receivables - Credit Ri

Finance Receivables - Credit Risk Profile by FICO Score (Details) - Retail Finance Receivables - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 30,253	$ 29,090
2022	20,259	18,745
2021	12,670	11,081
2020	6,842	3,992
2019	2,000	1,824
Prior	707	589
Total	$ 72,729	$ 65,322
Percent	100%	100%
Prime - FICO Score 680 and greater
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 23,940	$ 22,677
2022	15,581	13,399
2021	9,039	7,991
2020	4,926	2,254
2019	1,076	1,019
Prior	320	205
Total	$ 54,882	$ 47,543
Percent	75.50%	72.80%
Near-prime - FICO Score 620 to 679
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 3,234	$ 3,202
2022	2,281	2,601
2021	1,746	1,487
2020	906	688
2019	350	310
Prior	129	104
Total	$ 8,647	$ 8,392
Percent	11.90%	12.80%
Sub-prime - FICO Score less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 3,079	$ 3,211
2022	2,397	2,746
2021	1,884	1,604
2020	1,010	1,051
2019	573	496
Prior	257	280
Total	$ 9,200	$ 9,388
Percent	12.60%	14.40%

Finance Receivables - Delinquen

Finance Receivables - Delinquency (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	$ 143
2022	494
2021	399
2020	192
2019	108
Prior	87
Total	1,423
Retail Finance Receivables
Financing Receivable, Past Due [Line Items]
2023	30,253	$ 29,090
2022	20,259	18,745
2021	12,670	11,081
2020	6,842	3,992
2019	2,000	1,824
Prior	707	589
Total	$ 72,729	$ 65,322
Percent	100%	100%
Financing Receivable, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total	$ 1,423	$ 1,138	$ 897
Retail Finance Receivables | 0 - 30 days | Performing Financial Instruments
Financing Receivable, Past Due [Line Items]
2023	29,816	28,676
2022	19,602	18,128
2021	12,098	10,702
2020	6,533	3,743
2019	1,825	1,685
Prior	599	493
Total	$ 70,472	$ 63,426
Percent	96.90%	97.10%
Retail Finance Receivables | 31 - 60 days | Nonperforming Financial Instruments
Financing Receivable, Past Due [Line Items]
2023	$ 318	$ 310
2022	470	452
2021	415	275
2020	227	184
2019	130	103
Prior	78	69
Total	$ 1,637	$ 1,393
Percent	2.30%	2.10%
Retail Finance Receivables | Greater than 60 days | Nonperforming Financial Instruments
Financing Receivable, Past Due [Line Items]
2023	$ 102	$ 93
2022	168	150
2021	142	98
2020	76	62
2019	42	35
Prior	29	26
Total	$ 559	$ 465
Percent	0.80%	0.70%
Retail Finance Receivables | Finance receivables more than 30 days delinquent | Nonperforming Financial Instruments
Financing Receivable, Past Due [Line Items]
2023	$ 421	$ 403
2022	637	603
2021	557	373
2020	302	246
2019	172	138
Prior	107	95
Total	$ 2,196	$ 1,857
Percent	3%	2.80%
Retail Finance Receivables | In repossession | Nonperforming Financial Instruments
Financing Receivable, Past Due [Line Items]
2023	$ 17	$ 11
2022	20	14
2021	14	6
2020	6	4
2019	3	2
Prior	1	1
Total	$ 61	$ 39
Percent	0.10%	0.10%
Retail Finance Receivables | Finance receivables more than 30 days delinquent or in repossession | Nonperforming Financial Instruments
Financing Receivable, Past Due [Line Items]
2023	$ 437	$ 414
2022	657	617
2021	572	380
2020	308	249
2019	175	140
Prior	108	96
Total	$ 2,257	$ 1,896
Percent	3.10%	2.90%

Finance Receivables - Credit _2

Finance Receivables - Credit Risk Profile by Dealer Grouping of Commercial Finance Receivables (Details) - Commercial Finance Receivables - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 14,251	$ 11,288
Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	11,971	9,428
2023	296	468
2022	435	363
2021	311	372
2020	301	112
2019	96	45
Prior	11	25
Total	$ 13,422	$ 10,812
Percent	100%	100%
Dealer Financing | I
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 11,638	$ 9,261
2023	295	452
2022	417	361
2021	297	372
2020	301	102
2019	85	45
Prior	11	24
Total	$ 13,043	$ 10,618
Percent	97.20%	98.20%
Dealer Financing | II
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 182	$ 89
2023	0	0
2022	2	1
2021	2	0
2020	0	0
2019	0	0
Prior	0	0
Total	$ 187	$ 91
Percent	1.40%	0.80%
Dealer Financing | III
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 152	$ 78
2023	1	15
2022	15	0
2021	12	0
2020	0	10
2019	11	0
Prior	0	0
Total	$ 192	$ 104
Percent	1.40%	1%
Dealer Financing | IV
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 0	$ 0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019	0	0
Prior	0	0
Total	$ 0	$ 0
Percent	0%	0%

Leased Vehicles - Leased Vehicl

Leased Vehicles - Leased Vehicles, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
Leased vehicles	$ 42,343	$ 46,069
Manufacturer subvention	(4,422)	(5,150)
Net capitalized cost	37,921	40,919
Less: accumulated depreciation	(7,338)	(8,218)
Leased vehicles, net	30,582	32,701	$ 37,900
Depreciation expense	$ 4,900	$ 4,800	$ 6,100

Leased Vehicles - Minimum Renta

Leased Vehicles - Minimum Rental Payments (Details) $ in Millions	Dec. 31, 2023 USD ($)
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
2024	$ 4,817
2025	3,117
2026	1,265
2027	132
2028	3
Thereafter	0
Total	$ 9,334

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Balance at beginning of period	$ 1,171	$ 1,169	$ 1,173
Foreign currency translation	7	2	(4)
Balance at end of period	1,178	1,171	1,169
North America
Goodwill [Roll Forward]
Balance at beginning of period	1,105	1,105	1,105
Foreign currency translation	0	(1)	0
Balance at end of period	1,105	1,105	1,105
International
Goodwill [Roll Forward]
Balance at beginning of period	66	64	68
Foreign currency translation	7	3	(4)
Balance at end of period	$ 73	$ 66	$ 64

Equity in Net Assets of Nonco_3

Equity in Net Assets of Nonconsolidated Affiliates (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Total assets	$ 132,011	$ 122,545
Total liabilities	116,468	107,535
Finance charge income	6,204	4,521	$ 4,103
Provision for loan losses	826	654	248
Income before income taxes	2,985	4,076	5,036
Net income	2,245	3,084	3,789
Undistributed earnings of foreign subsidiaries	454	390
Non-consolidated affiliates
Schedule of Equity Method Investments [Line Items]
Finance charge income	1,373	1,636	1,668
Provision for loan losses	182	172	32
Income before income taxes	525	661	774
Net income	393	494	582
Undistributed earnings of foreign subsidiaries	$ 837	$ 795
SAIC-GMAC Automotive Finance Company Limited
Schedule of Equity Method Investments [Line Items]
Ownership percentage (as a percent)	35%	35%
Dividends declared	$ 273	$ 342	309
Cash dividends received	$ 96	$ 120	$ 108
SAIC-GMF Leasing Co. Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage (as a percent)	35%	35%
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Finance receivables, net	$ 18,142	$ 22,011
Total assets	19,629	23,558
Debt	13,692	17,952
Total liabilities	$ 15,751	$ 19,713

Debt - Short Term and Long Term

Debt - Short Term and Long Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Short Term and Long Term Debt [Line Items]
Secured debt, carrying amount	$ 45,243	$ 42,131
Unsecured debt, carrying amount	60,084	54,723
Total secured and unsecured debt, carrying amount	105,327	96,854
Secured debt, fair value	44,971	41,467
Unsecured debt, fair value	59,651	52,270
Total secured and unsecured debt, fair value	104,622	93,738
Level 2
Short Term and Long Term Debt [Line Items]
Total secured and unsecured debt, fair value	102,262	91,545
Level 3
Short Term and Long Term Debt [Line Items]
Total secured and unsecured debt, fair value	2,360	2,192
Revolving credit facilities
Short Term and Long Term Debt [Line Items]
Secured debt, carrying amount	4,960	3,931
Unsecured debt, carrying amount	2,034	1,473
Secured debt, fair value	4,960	3,931
Unsecured debt, fair value	2,026	1,448
Securitization notes payable
Short Term and Long Term Debt [Line Items]
Secured debt, carrying amount	40,284	38,200
Secured debt, fair value	40,012	37,537
Senior Notes
Short Term and Long Term Debt [Line Items]
Unsecured debt, carrying amount	49,990	46,111
Unsecured debt, fair value	49,537	43,676
Other unsecured debt
Short Term and Long Term Debt [Line Items]
Unsecured debt, carrying amount	8,060	7,139
Unsecured debt, fair value	$ 8,088	$ 7,146

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Secured Debt
Debt [Line Items]
Weighted average interest rate (as a percent)	5.32%
Issuance costs	$ 82,000,000	$ 84,000,000
Secured Debt | Securitization notes payable
Debt [Line Items]
Weighted average interest rate (as a percent)	5.60%
Face amount of debt	$ 23,600,000,000
Secured Debt | Revolving credit facilities
Debt [Line Items]
Renewed credit facilities	$ 20,800,000,000
Secured Debt | Maximum | Revolving credit facilities
Debt [Line Items]
Expiration period (in years)	6 years
Senior Notes
Debt [Line Items]
Weighted average interest rate (as a percent)	3.82%
Face amount of debt	$ 51,200,000,000
Senior Notes | Senior Notes with Maturity Dates from 2026 to 2034
Debt [Line Items]
Weighted average interest rate (as a percent)	5.70%
Face amount of debt	$ 11,400,000,000
Unsecured Debt
Debt [Line Items]
Issuance costs	$ 125,000,000	$ 113,000,000
Line of Credit
Debt [Line Items]
Weighted average interest rate (as a percent)	7.82%
Debt instrument term (in years)	5 years

Debt - Repayments of Principal

Debt - Repayments of Principal and Interest (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total secured and unsecured debt, carrying amount	$ 105,327	$ 96,854
Interest payments in 2024	3,916
Interest payments in 2025	2,356
Interest payments in 2026	1,470
Interest payments in 2027	921
Interest payments in 2028	602
Interest payments thereafter	847
Interest payments	10,113
Total repayments in 2024	42,554
Total repayments in 2025	25,327
Total repayments in 2026	16,519
Total repayments in 2027	9,691
Total repayments in 2028	7,766
Total repayments thereafter	14,846
Total repayments of principal and interest	116,703
Secured Debt
Debt Instrument [Line Items]
Repayments of principal in 2024	22,091
Repayments of principal in 2025	11,886
Repayments of principal in 2026	6,358
Repayments of principal in 2027	1,630
Repayments of principal in 2028	1,162
Repayments of principal thereafter	2,176
Total secured and unsecured debt, carrying amount	45,301
Unsecured Debt
Debt Instrument [Line Items]
Repayments of principal in 2024	16,546
Repayments of principal in 2025	11,086
Repayments of principal in 2026	8,691
Repayments of principal in 2027	7,140
Repayments of principal in 2028	6,002
Repayments of principal thereafter	11,823
Total secured and unsecured debt, carrying amount	$ 61,289

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Restricted cash	$ 2,967	$ 2,671
Finance receivables, net of fees	84,637	74,514
Lease related assets	30,582	32,701	$ 37,900
Secured debt	45,243	42,131
Securitization and Credit Facility VIE
Variable Interest Entity [Line Items]
Restricted cash	2,765	2,535
Finance receivables, net of fees	46,648	38,774
Lease related assets	15,794	18,456
Secured debt	$ 45,299	$ 42,188

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Derivative Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Notional	$ 163,446	$ 142,212
Fair Value of Assets	1,809	2,302
Fair Value of Liabilities	$ 2,563	$ 3,392
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets (Note 8)	Other assets (Note 8)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Fair value of assets (liabilities) available for offset	$ 1,200	$ 1,300
Other Liabilities
Derivatives, Fair Value [Line Items]
Cash held for netting against asset positions	457	553
Other Assets
Derivatives, Fair Value [Line Items]
Collateral available for netting against liability positions	1,200	1,500
Interest rate swaps | Fair value hedges | Level 2 | Derivatives Designated as Hedges
Derivatives, Fair Value [Line Items]
Notional	18,379	19,950
Fair Value of Assets	75	0
Fair Value of Liabilities	238	821
Interest rate swaps | Cash flow hedges | Level 2 | Derivatives Designated as Hedges
Derivatives, Fair Value [Line Items]
Notional	2,381	1,434
Fair Value of Assets	17	34
Fair Value of Liabilities	16	1
Foreign currency swaps | Cash flow hedges | Level 2 | Derivatives Designated as Hedges
Derivatives, Fair Value [Line Items]
Notional	8,003	6,852
Fair Value of Assets	144	0
Fair Value of Liabilities	311	586
Interest rate contracts | Level 2 | Derivatives not Designated as Hedges
Derivatives, Fair Value [Line Items]
Notional	134,683	113,975
Fair Value of Assets	1,573	2,268
Fair Value of Liabilities	$ 1,997	$ 1,984

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Recognized in the Balance Sheet (Details) - Derivatives Designated as Hedges - Fair value hedges - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Items	$ 33,551	$ 28,319
Cumulative Amount of Fair Value Hedging Adjustments	1,029	781
Discontinued hedge cumulative amount of fair value hedging adjustments	$ 872	$ 86

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Income (Losses) Recognized in Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Interest expense	$ 4,685	$ 2,881	$ 2,546
Operating expenses	1,818	1,662	1,648
Loss to be reclassified in next twelve months	5
Interest Expense
Derivatives, Fair Value [Line Items]
Total income (loss) recognized	79	33	5
Interest Expense | Derivatives Designated as Hedges | Fair value hedges | Interest rate swaps
Derivatives, Fair Value [Line Items]
Hedged items	248	1,003	371
Interest rate swaps and Foreign currency swaps	(279)	(957)	(362)
Interest Expense | Derivatives Designated as Hedges | Fair value hedges | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0
Interest rate swaps and Foreign currency swaps	0	(2)	(13)
Interest Expense | Derivatives Designated as Hedges | Cash flow hedges | Interest rate swaps
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	37	15	(13)
Interest Expense | Derivatives Designated as Hedges | Cash flow hedges | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0
Interest rate swaps and Foreign currency swaps	(145)	(156)	(128)
Interest Expense | Derivatives not Designated as Hedges
Derivatives, Fair Value [Line Items]
Interest rate contracts	218	130	150
Foreign currency contracts	0	0	0
Operating Expenses
Derivatives, Fair Value [Line Items]
Total income (loss) recognized	(1)	(4)	2
Operating Expenses | Derivatives Designated as Hedges | Fair value hedges | Interest rate swaps
Derivatives, Fair Value [Line Items]
Hedged items	0	0	0
Interest rate swaps and Foreign currency swaps	0	0	0
Operating Expenses | Derivatives Designated as Hedges | Fair value hedges | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Hedged items	0	23	61
Interest rate swaps and Foreign currency swaps	0	(24)	(56)
Operating Expenses | Derivatives Designated as Hedges | Cash flow hedges | Interest rate swaps
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	0	0	0
Operating Expenses | Derivatives Designated as Hedges | Cash flow hedges | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Hedged items	(263)	611	415
Interest rate swaps and Foreign currency swaps	263	(611)	(415)
Operating Expenses | Derivatives not Designated as Hedges
Derivatives, Fair Value [Line Items]
Interest rate contracts	0	0	0
Foreign currency contracts	(1)	(4)	(3)
Accumulated Other Comprehensive Income (Loss)
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Income (Loss)	138	(514)	(344)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income (Loss) Into Income (Loss)	(120)	569	424
Foreign currency translation adjustment | Fair value hedges | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Income (Loss)	0	(2)	(6)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income (Loss) Into Income (Loss)	0	2	6
Foreign currency translation adjustment | Cash flow hedges | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Income (Loss)	139	(529)	(352)
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income (Loss) Into Income (Loss)	(92)	578	409
Unrealized gain (loss) on hedges | Cash flow hedges | Interest rate swaps
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Income (Loss)	(1)	17	14
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income (Loss) Into Income (Loss)	$ (28)	$ (11)	$ 9

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Rent expense	$ 37	$ 39	$ 37
Operating lease right-of-use asset	100	117
Operating lease liabilities	116	138
Operating lease right-of-use asset obtained in exchange for lease obligations		$ 17
2024	27
2025	24
2026	25
2027	20
2028	17
Thereafter	17
Imputed interest	$ 13
Weighted-average discount rate (as a percent)	4.30%	4.20%
Weighted average remaining lease term (in years)	5 years 3 months 18 days	6 years
Payments for operating leases	$ 49	$ 45	$ 45
Estimate of possible loss	148
Loss contingency accrual	135
Indirect tax contingency	$ 184
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets (Note 8)	Other assets (Note 8)
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Retail Finance Receivable | Texas | Geographic Concentration Risk
Loss Contingencies [Line Items]
Concentration risk (as a percent)	12.80%

Shareholders' Equity - Common a

Shareholders' Equity - Common and Preferred Stock (Details) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Common stock shares authorized (in shares)	10,000,000	10,000,000
Common stock shares issued (in shares)	5,050,000	5,050,000
Common stock shares outstanding (in shares)	5,050,000	5,050,000
Preferred stock shares authorized (in shares)	250,000,000	250,000,000
Liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Series A
Class of Stock [Line Items]
Preferred stock shares issued (in shares)	1,000,000	1,000,000
Preferred stock shares outstanding (in shares)	1,000,000	1,000,000
Series B
Class of Stock [Line Items]
Preferred stock shares issued (in shares)	500,000	500,000
Preferred stock shares outstanding (in shares)	500,000	500,000
Series C
Class of Stock [Line Items]
Preferred stock shares issued (in shares)	500,000	500,000
Preferred stock shares outstanding (in shares)	500,000	500,000

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common stock dividends declared and paid		$ 1,800	$ 1,700	$ 3,500
Preferred stock dividends declared and paid		59	59	59
Amount set aside for preferred stock payments	$ 59
Series A
Class of Stock [Line Items]
Preferred stock dividends declared and paid	$ 29	58	58	58
Preferred stock dividends declared (in dollars per share)	$ 28.75
Series B
Class of Stock [Line Items]
Preferred stock dividends declared and paid	$ 16	32	32	32
Preferred stock dividends declared (in dollars per share)	$ 32.50
Series C
Class of Stock [Line Items]
Preferred stock dividends declared and paid	$ 14	$ 29	$ 29	$ 30
Preferred stock dividends declared (in dollars per share)	$ 28.50

Shareholders' Equity - Accumula

Shareholders' Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	$ 15,010	$ 13,794	$ 13,598
Balance at end of period	15,542	15,010	13,794
Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,373)	(1,273)	(1,309)
Balance at end of period	(1,208)	(1,373)	(1,273)
Unrealized gain (loss) on hedges
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(21)	(77)	(157)
Other comprehensive (loss) income, net of tax	18	55	80
Balance at end of period	(3)	(21)	(77)
Defined benefit plans
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	1	1	1
Other comprehensive (loss) income, net of tax	0	1	0
Balance at end of period	1	1	1
Foreign currency translation adjustment
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,352)	(1,197)	(1,153)
Other comprehensive (loss) income, net of tax	147	(156)	(44)
Balance at end of period	$ (1,206)	$ (1,352)	$ (1,197)

Parent Company Stock-Based Co_3

Parent Company Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield (as a percent)	1.90%	1.60%	1.67%
Expected volatility rate (as a percent)	34%	41%	47.90%
Risk-free interest rate (as a percent)	3.70%	1.88%	0.76%
Expected option life (in years)	6 years	6 years	6 years
Compensation expense, net of tax	$ 42	$ 50	$ 50
Unamortized compensation expense	$ 36
Unamortized compensation expense period for recognition (in years)	1 year 3 months 18 days
Total fair value of awards vested	$ 45	$ 31	$ 20
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Performance Shares Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period (in years)	10 years
Performance-based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	55 months
Service-based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years

Parent Company Stock-Based Co_4

Parent Company Stock-Based Compensation - RSUs, PSUs and Stock Options Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Shares
Outstanding at beginning of period (in shares)	2,710
Granted (in shares)	1,174
Settled (in shares)	(781)
Forfeited or expired (in shares)	(86)
Outstanding at end of period (in shares)	3,017	2,710
Weighted-Average Grant Date Fair Value
Outstanding at beginning of period (in dollars per share)	$ 39.72
Granted (in dollars per share)	40.01
Settled (in dollars per share)	41.75
Forfeited or expired (in dollars per share)	50.20
Outstanding at end of period (in dollars per share)	$ 38.96	$ 39.72
Weighted-Average Remaining Contractual Term in Years
Units outstanding (in years)	1 year 3 months 18 days	1 year 3 months 18 days
Units unvested and expected to vest at end of period (in years)	1 year 3 months 18 days
Units unvested and expected to vest at end of period (in shares)	1,505
Units vested and payable at end of period (in shares)	1,421
Units unvested and expected to vest at end of period (in dollars per share)	$ 45.89
Units vested and payable at end of period (in dollars per share)	$ 31.63

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Compensation expense	$ 35	$ 29	$ 24

Income Taxes - Income Before In

Income Taxes - Income Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S. income	$ 2,417	$ 3,499	$ 4,263
Non-U.S. income	430	404	572
Income before income taxes and equity income	$ 2,847	$ 3,903	$ 4,835

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current income tax expense
U.S. federal	$ 341	$ 342	$ 669
U.S. state and local	144	85	233
Non-U.S.	91	80	136
Total current	576	507	1,038
Deferred income tax expense
U.S. federal	112	322	136
U.S. state and local	24	85	7
Non-U.S.	28	77	66
Total deferred	165	484	209
Total income tax provision	$ 741	$ 992	$ 1,247

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Undistributed earnings of foreign subsidiaries	$ 454	$ 390
Valuation allowance	236	318
Decrease to valuation allowance	(82)
Unrecognized tax benefits that would impact effective tax rate	67	51	$ 49
Penalties accrued	62	58
Foreign Tax Credit Expiration
Income Taxes [Line Items]
Decrease to valuation allowance	42
Federal Capital Loss Expiration
Income Taxes [Line Items]
Decrease to valuation allowance	37
Related Party
Income Taxes [Line Items]
Related party taxes payable	384	$ 8
Domestic Tax Authority
Income Taxes [Line Items]
Valuation allowance	$ 236

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21%	21%	21%
Non-U.S. income taxed at other than the U.S. federal statutory rate	1.10%	0.90%	1.10%
State and local income taxes	3.60%	3.20%	3.70%
U.S. tax on non-U.S. earnings	3.80%	0.30%	(0.30%)
Valuation allowance	(2.90%)	0.30%	0.40%
Other	(0.60%)	(0.30%)	(0.10%)
Effective tax rate	26%	25.40%	25.80%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets
Net operating loss carryforward - U.S.	$ 2	$ 2
Net operating loss carryforward - non-U.S.	115	128
Market value difference of loan portfolio	322	0
Accruals	186	147
Tax credits	352	383
Other	164	171
Total deferred tax assets before valuation allowance	1,141	830
Less: valuation allowance	(236)	(318)
Total deferred tax assets	905	513
Deferred tax liabilities
Depreciable assets	2,354	1,827
Deferred acquisition costs	159	97
Market value difference of loan portfolio	0	32
Other	125	141
Total deferred tax liabilities	2,638	2,098
Net deferred tax liability	(1,733)	$ (1,585)
Tax Year 2037 | State
Deferred tax assets
Net operating loss carryforward - U.S.	2
Expiring Indefinitely
Deferred tax assets
Net operating loss carryforward - non-U.S.	28
Tax Year 2043
Deferred tax assets
Net operating loss carryforward - non-U.S.	87
Tax credits	$ 352

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 63	$ 70	$ 62
Additions to prior years' tax positions	22	0	2
Reductions to prior years' tax positions	0	(6)	0
Additions to current year tax positions	9	0	12
Changes in tax positions due to lapse of statutory limitations	(8)	(2)	(6)
Foreign currency translation	0	1	0
Ending balance	$ 86	$ 63	$ 70

Supplemental Information for _3

Supplemental Information for the Consolidated Statements of Cash Flows - Cash Payments For Interest Costs and Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Interest costs (none capitalized)	$ 4,652	$ 2,673	$ 2,519
Income taxes	$ 182	$ 824	$ 962

Supplemental Information for _4

Supplemental Information for the Consolidated Statements of Cash Flows - Noncash Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Subvention receivable from GM	$ 508	$ 469	$ 282
Commercial loan funding payable to GM	$ 55	$ 105	$ 26

Segment Reporting and Geograp_3

Segment Reporting and Geographic Information - Operations Reporting by Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total revenue	$ 14,224	$ 12,766	$ 13,419
Operating expenses	1,818	1,662	1,648
Leased vehicle expenses	4,047	3,668	4,142
Provision for loan losses	826	654	248
Interest expense	4,685	2,881	2,546
Equity income	138	173	201
Income before income taxes	2,985	4,076	5,036
North America
Segment Reporting Information [Line Items]
Total revenue	12,879	11,777	12,503
Operating expenses	1,450	1,330	1,328
Leased vehicle expenses	3,972	3,613	4,093
Provision for loan losses	682	537	164
Interest expense	4,109	2,526	2,309
Equity income	0	0	0
Income before income taxes	2,666	3,771	4,609
International
Segment Reporting Information [Line Items]
Total revenue	1,345	989	916
Operating expenses	368	332	320
Leased vehicle expenses	76	54	49
Provision for loan losses	144	116	84
Interest expense	576	355	237
Equity income	138	173	201
Income before income taxes	$ 320	$ 305	$ 427

Segment Reporting and Geograp_4

Segment Reporting and Geographic Information - Operations Reporting by Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Finance receivables, net	$ 84,637	$ 74,514
Leased vehicles, net	30,582	32,701	$ 37,900
Total assets	132,011	122,545
North America
Segment Reporting Information [Line Items]
Finance receivables, net	78,148	69,705
Leased vehicles, net	30,227	32,454
Total assets	122,128	114,612
International
Segment Reporting Information [Line Items]
Finance receivables, net	6,489	4,809
Leased vehicles, net	356	247
Total assets	$ 9,883	$ 7,934

Segment Reporting and Geograp_5

Segment Reporting and Geographic Information - Geographic Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 14,224	$ 12,766	$ 13,419
Long-Lived Assets	30,707	32,842	38,081
Leased vehicles, net	30,582	32,701	37,900
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	12,168	11,037	11,718
Long-Lived Assets	27,397	29,411	34,452
Non-US
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	2,056	1,729	1,701
Long-Lived Assets	$ 3,309	$ 3,431	$ 3,629

Regulatory Capital and Other _2

Regulatory Capital and Other Regulatory Matters (Details) $ in Millions	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 132,011	$ 122,545
Brazil
Capital Requirements on Foreign Financial Institutions [Line Items]
Capital ratio (as a percent)	0.291
International Regulated Bank and Finance Companies
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 7,700	$ 5,800
Minimum | Brazil
Capital Requirements on Foreign Financial Institutions [Line Items]
Capital requirement (as a percent)	0.105