General Motors Financial (ACF) 10-Q 23 Apr 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	Apr. 22, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-10667
Entity Registrant Name	General Motors Financial Company, Inc.
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	75-2291093
Entity Address, Address Line One	801 Cherry Street
Entity Address, Address Line Two	Suite 3500
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76102
City Area Code	817
Local Phone Number	302-7000
Title of 12(b) Security	5.250% Senior Notes due 2026
Trading Symbol	GM/26
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,050,000
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000804269
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 5,028	$ 5,282
Finance receivables, net of allowance for loan losses of $2,355 and $2,344 (Note 3; Note 7)	85,771	84,637
Leased vehicles, net (Note 4; Note 7)	30,106	30,582
Goodwill and intangible assets	1,183	1,184
Equity in net assets of nonconsolidated affiliates (Note 5)	1,670	1,670
Related party receivables (Note 2)	643	540
Other assets (Note 7)	8,821	8,116
Total assets	133,221	132,011
Liabilities
Secured debt (Note 6; Note 7)	44,212	45,243
Unsecured debt (Note 6)	61,698	60,084
Deferred income	2,303	2,313
Related party payables (Note 2)	714	445
Other liabilities	8,698	8,383
Total liabilities	117,625	116,468
Commitments and contingencies (Note 9)
Shareholders' equity (Note 10)
Common stock, $0.0001 par value per share	0	0
Preferred stock, $0.01 par value per share	0	0
Additional paid-in capital	8,789	8,783
Accumulated other comprehensive income (loss)	(1,246)	(1,208)
Retained earnings	8,054	7,967
Total shareholders' equity	15,596	15,542
Total liabilities and shareholders' equity	$ 133,221	$ 132,011

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for loan losses	$ 2,355	$ 2,344
Common stock par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue
Finance charge income	$ 1,786	$ 1,368
Leased vehicle income	1,800	1,818
Other income	225	156
Total revenue	3,811	3,343
Costs and expenses
Operating expenses	458	442
Leased vehicle expenses	1,047	1,039
Provision for loan losses (Note 3)	204	131
Interest expense	1,396	1,000
Total costs and expenses	3,106	2,613
Equity income (Note 5)	32	41
Income before income taxes	737	771
Income tax provision (Note 11)	200	186
Net income (loss)	536	584
Less: cumulative dividends on preferred stock	30	30
Net income (loss) attributable to common shareholder	$ 507	$ 555

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 536	$ 584
Other comprehensive income (loss), net of tax (Note 10)
Unrealized gain (loss) on hedges, net of income tax (expense) benefit of $(8), $17	26	(52)
Foreign currency translation adjustment	(65)	102
Other comprehensive income (loss), net of tax	(39)	49
Comprehensive income (loss)	$ 498	$ 633

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Change in value of cash flow hedges, tax (expense) benefit	$ (8)	$ 17

CONDENSED CONSOLIDATED STATEM_4

CONDENSED 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, 2022	$ 15,010	$ 0	$ 0	$ 8,742	$ (1,373)	$ 7,641
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	584					584
Other comprehensive income (loss)	49				49
Stock-based compensation	7			7
Dividends paid (Note 10)	(450)					(450)
Balance at end of period at Mar. 31, 2023	15,201	0	0	8,749	(1,323)	7,775
Balance at beginning of period at Dec. 31, 2023	15,542	0	0	8,783	(1,208)	7,967
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	536					536
Other comprehensive income (loss)	(39)				(39)
Stock-based compensation	6			6
Dividends paid (Note 10)	(450)					(450)
Balance at end of period at Mar. 31, 2024	$ 15,596	$ 0	$ 0	$ 8,789	$ (1,246)	$ 8,054

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income (loss)	$ 536	$ 584
Depreciation and amortization	1,342	1,316
Accretion and amortization of loan and leasing fees	(363)	(315)
Undistributed earnings of nonconsolidated affiliates, net	(32)	(41)
Provision for loan losses	204	131
Deferred income taxes	8	(233)
Gain on termination of leased vehicles	(202)	(206)
Other operating activities	51	(67)
Changes in assets and liabilities:
Other assets	(218)	141
Other liabilities	130	38
Related party payables	144	375
Net cash provided by (used in) operating activities	1,601	1,724
Cash flows from investing activities
Purchases and funding of finance receivables	(8,392)	(9,105)
Principal collections and recoveries on finance receivables	7,650	6,774
Net change in floorplan and other short-duration receivables	(529)	734
Purchases of leased vehicles	(3,436)	(3,154)
Proceeds from termination of leased vehicles	3,085	3,264
Other investing activities	(4)	(6)
Net cash provided by (used in) investing activities	(1,626)	(1,493)
Cash flows from financing activities
Net change in debt (original maturities of three months or less)	(223)	(143)
Borrowings and issuances of secured debt	7,577	6,960
Payments on secured debt	(8,604)	(7,920)
Borrowings and issuances of unsecured debt	6,720	4,526
Payments on unsecured debt	(4,484)	(2,670)
Debt issuance costs	(44)	(31)
Dividends paid	(509)	(509)
Net cash provided by (used in) financing activities	432	213
Net increase (decrease) in cash, cash equivalents and restricted cash	407	443
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(9)	29
Cash, cash equivalents and restricted cash at beginning of period	8,249	6,676
Cash, cash equivalents and restricted cash at end of period	8,646	7,148
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	5,028
Restricted cash included in other assets	3,618
Total	$ 8,646	$ 7,148

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation General Motors Financial Company, Inc. (sometimes referred to as we, us, our, the Company, or GM Financial), the wholly-owned captive finance subsidiary of General Motors Company (GM), is a global provider of automobile finance solutions. We provide retail loan and lease lending across the credit spectrum to support vehicle sales. Additionally, we offer commercial lending products to dealers, including floorplan financing, which is lending to finance new and used vehicle inventory, and dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, or to purchase and/or finance dealership real estate. 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. The consolidated financial statements, including the notes thereto, are condensed and do not include all disclosures required by generally accepted accounting principles (GAAP) in the U.S. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange Commission on January 30, 2024 (2023 Form 10-K). The condensed consolidated financial statements at March 31, 2024, and for the three months ended March 31, 2024 and 2023, are unaudited and, in management’s opinion, include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations. The results for interim periods are not necessarily indicative of results for a full year. The condensed consolidated balance sheet at December 31, 2023 was derived from audited annual financial statements. Except as otherwise specified, dollar amounts presented within tables are stated in millions. Certain columns and rows may not add due to rounding.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2024
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 $777 million and $749 million for the three months ended March 31, 2024 and 2023. 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 March 31, 2024 and December 31, 2023, Cruise had $395 million and $353 million of borrowings outstanding and access to an additional $3.4 billion in advances under the credit 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 the related tax liabilities. During both the three months ended March 31, 2024 and 2023, no payments were made to GM for state and federal income taxes. Amounts owed to GM for income taxes are recorded as a related party payable. The following tables present related party transactions: Balance Sheet Data March 31, 2024 December 31, 2023 Commercial finance receivables due from dealers consolidated by GM $ 183 $ 164 Commercial finance receivables due from Cruise $ 395 $ 353 Subvention receivable from GM $ 600 $ 508 Commercial loan funding payable to GM $ 179 $ 55 Taxes payable to GM $ 529 $ 384 Three Months Ended March 31, Income Statement Data 2024 2023 Interest subvention earned on retail finance receivables (a) $ 308 $ 257 Interest subvention earned on commercial finance receivables (a) $ 27 $ 22 Leased vehicle subvention earned (b) $ 364 $ 393 _________________ (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 March 31, 2024 and December 31, 2023. In March 2024, GM renewed the GM Revolving 364-Day Credit Facility, which now matures on March 27, 2025.

Finance Receivables

Finance Receivables	3 Months Ended
	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Finance Receivables	Finance Receivables March 31, 2024 December 31, 2023 Retail finance receivables Retail finance receivables (a) $ 73,230 $ 72,729 Less: allowance for loan losses (2,320) (2,308) Total retail finance receivables, net 70,911 70,421 Commercial finance receivables Commercial finance receivables (a)(b) 14,895 14,251 Less: allowance for loan losses (35) (36) Total commercial finance receivables, net 14,860 14,216 Total finance receivables, net $ 85,771 $ 84,637 Fair value utilizing Level 2 inputs $ 14,860 $ 14,216 Fair value utilizing Level 3 inputs $ 71,427 $ 70,911 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs. (b) Includes dealer financing of $14.1 billion and $13.4 billion, and other financing of $773 million and $830 million at March 31, 2024 and December 31, 2023. Commercial finance receivables are presented net of dealer cash management balances of $2.8 billion and $2.6 billion at March 31, 2024 and December 31, 2023. Rollforward of Allowance for Retail Loan Losses A summary of the activity in the allowance for retail loan losses is as follows: Three Months Ended March 31, 2024 2023 Allowance for retail loan losses beginning balance $ 2,308 $ 2,062 Provision for loan losses 205 137 Charge-offs (405) (322) Recoveries 213 186 Foreign currency translation and other (1) 60 Allowance for retail loan losses ending balance $ 2,320 $ 2,123 The allowance for retail loan losses as a percentage of retail finance receivables was 3.2% at both March 31, 2024 and December 31, 2023. 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 March 31, 2024 and December 31, 2023: Year of Origination March 31, 2024 2024 2023 2022 2021 2020 Prior Total Percent Prime - FICO Score 680 and greater $ 6,124 $ 21,739 $ 14,060 $ 8,080 $ 4,274 $ 1,055 $ 55,332 75.6 % Near-prime - FICO Score 620 to 679 902 2,981 2,076 1,566 787 380 8,692 11.9 Sub-prime - FICO Score less than 620 967 2,821 2,172 1,682 878 685 9,206 12.6 Retail finance receivables $ 7,993 $ 27,542 $ 18,308 $ 11,329 $ 5,938 $ 2,120 $ 73,230 100.0 % 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 $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 % 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 March 31, 2024 and December 31, 2023, as well as summary totals for March 31, 2023. The first table also presents our charge-offs by vintage for the three months ended March 31, 2024: Year of Origination March 31, 2024 March 31, 2023 2024 2023 2022 2021 2020 Prior Total Percent Total Percent 0 - 30 days $ 7,973 $ 27,054 $ 17,743 $ 10,856 $ 5,689 $ 1,911 $ 71,225 97.3 % $ 66,109 97.6 % 31 - 60 days 19 342 406 352 188 156 1,463 2.0 1,188 1.8 Greater than 60 days 1 125 140 109 56 50 482 0.7 363 0.5 Finance receivables more than 30 days delinquent 20 467 547 461 245 206 1,945 2.7 1,551 2.3 In repossession — 21 19 12 4 3 60 0.1 44 0.1 Finance receivables more than 30 days delinquent or in repossession 20 488 566 473 249 209 2,005 2.7 1,595 2.4 Retail finance receivables $ 7,993 $ 27,542 $ 18,308 $ 11,329 $ 5,938 $ 2,120 $ 73,230 100.0 % $ 67,704 100.0 % Charge-offs $ 18 $ 119 $ 123 $ 80 $ 34 $ 31 $ 405 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 $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 % The accrual of finance charge income had been suspended on retail finance receivables with contractual amounts due of $721 million and $809 million at March 31, 2024 and December 31, 2023. 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. 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, and 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 amortized costs at March 31, 2024 and 2023 of the loans modified during the three months ended March 31, 2024 and 2023 were 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 the three months ended March 31, 2024 and 2023. 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 March 31, 2024 and December 31, 2023: Year of Origination March 31, 2024 Dealer Risk Rating Revolving 2024 2023 2022 2021 2020 Prior Total Percent I $ 12,192 $ 64 $ 263 $ 403 $ 289 $ 294 $ 72 $ 13,578 96.1 % II 274 — 3 7 — — — 284 2.0 III 217 4 5 15 12 — 7 261 1.8 IV — — — — — — — — — Balance at end of period $ 12,682 $ 68 $ 271 $ 425 $ 302 $ 294 $ 79 $ 14,122 100.0 % 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 % Floorplan advances comprise 99.1% and 99.7% of the total revolving balances at March 31, 2024 and December 31, 2023. Dealer term loans are presented by year of origination. At March 31, 2024 and December 31, 2023, substantially all of our commercial finance receivables were current with respect to payment status, and activity in the allowance for commercial loan losses was insignificant for the three months ended March 31, 2024 and 2023. There were no commercial finance receivables on nonaccrual status at March 31, 2024 and December 31, 2023. There were no charge-offs, and no loan modifications were extended to borrowers experiencing financial difficulty during the three months ended March 31, 2024 and 2023.

Leased Vehicles

Leased Vehicles	3 Months Ended
	Mar. 31, 2024
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
Leased Vehicles	Leased Vehicles March 31, 2024 December 31, 2023 Leased vehicles (a) $ 37,119 $ 37,921 Less: accumulated depreciation (7,013) (7,338) Leased vehicles, net $ 30,106 $ 30,582 ________________ (a) Net of vehicle acquisition costs, less manufacturer incentives and investment tax credits. Depreciation expense related to leased vehicles, net was $1.2 billion for both the three months ended March 31, 2024 and 2023. The following table summarizes minimum rental payments due to us as lessor under operating leases at March 31, 2024: Years Ending December 31, 2024 2025 2026 2027 2028 Thereafter Total Lease payments under operating leases $ 3,793 $ 3,651 $ 1,758 $ 253 $ 9 $ 1 $ 9,464

Equity in Net Assets of Noncons

Equity in Net Assets of Nonconsolidated Affiliates	3 Months Ended
	Mar. 31, 2024
Noncontrolling Interest [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. There have been no ownership changes in our joint ventures since December 31, 2023. The following table presents certain aggregated operating data of our joint ventures: Three Months Ended March 31, Summarized Operating Data 2024 2023 Finance charge income $ 286 $ 392 Income before income taxes $ 120 $ 155 Net income $ 90 $ 116 At March 31, 2024 and December 31, 2023, we had undistributed earnings of $868 million and $837 million related to our nonconsolidated affiliates.

Debt

Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt March 31, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 1,522 $ 1,522 $ 4,960 $ 4,960 Securitization notes payable 42,689 42,370 40,284 40,012 Total secured debt 44,212 43,892 45,243 44,971 Unsecured debt Senior notes 51,299 51,001 49,990 49,537 Credit facilities 1,890 1,889 2,034 2,026 Other unsecured debt 8,509 8,541 8,060 8,088 Total unsecured debt 61,698 61,430 60,084 59,651 Total secured and unsecured debt $ 105,910 $ 105,322 $ 105,327 $ 104,622 Fair value utilizing Level 2 inputs $ 103,049 $ 102,262 Fair value utilizing Level 3 inputs $ 2,274 $ 2,360 Secured Debt Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged assets. Refer to Note 7 for further information. During the three months ended March 31, 2024, we renewed credit facilities with a total borrowing capacity of $2.4 billion, and we issued $7.3 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 5.38% and maturity dates ranging from 2024 to 2036. Unsecured Debt During the three months ended March 31, 2024, we issued $4.4 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 5.33% and maturity dates ranging from 2027 to 2031. General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' unsecured debt obligations for which a guarantee is provided. Compliance with Debt Covenants Several of our revolving credit facilities require compliance with certain financial and operational covenants as well as regular reporting to lenders, including providing certain subsidiary financial statements. Certain of our secured debt agreements also contain various covenants, including maintaining portfolio performance ratios as well as limits on deferment levels. Our unsecured debt obligations contain covenants including limitations on our ability to incur certain liens. At March 31, 2024, we were in compliance with these debt covenants.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 December 31, 2023 Restricted cash (a) $ 3,423 $ 2,765 Finance receivables $ 44,566 $ 46,648 Lease related assets $ 15,639 $ 15,794 Secured debt $ 44,271 $ 45,299 _______________ (a) Included in other assets.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Derivative Financial Instruments and Hedging Activities We are exposed to certain risks arising from both our business operations and economic conditions. We manage economic risks, including interest rate risk, primarily by managing the amount, sources, and duration of our assets and liabilities and by using derivative financial instruments. Specifically, we enter into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to our borrowings. Certain of our foreign operations expose us to fluctuations of foreign interest rates and exchange rates. We primarily finance our earning assets with debt in the same currency to minimize the impact to earnings from our exposure to fluctuations in exchange rates. When we use a different currency, these fluctuations may impact the value of our cash receipts and payments in terms of our functional currency. We enter into derivative financial instruments to protect the value or fix the amount of certain assets and liabilities in terms of the relevant functional currency. The table below presents the gross fair value amounts of our derivative financial instruments and the associated notional amounts: March 31, 2024 December 31, 2023 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 $ 21,991 $ 9 $ 352 $ 18,379 $ 75 $ 238 Cash flow hedges Interest rate swaps 2,447 16 10 2,381 17 16 Foreign currency swaps 9,208 88 428 8,003 144 311 Derivatives not designated as hedges Interest rate contracts 123,103 1,576 2,024 134,683 1,573 1,997 Foreign currency contracts 940 2 — — — — Total $ 157,689 $ 1,691 $ 2,815 $ 163,446 $ 1,809 $ 2,563 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 March 31, 2024 and December 31, 2023, the fair value of derivative instruments that are classified as assets or liabilities available for offset was $1.1 billion and $1.2 billion. At March 31, 2024 and December 31, 2023, we held $447 million and $457 million of collateral from counterparties that was available for netting against our asset positions. At both March 31, 2024 and December 31, 2023, we had $1.2 billion of collateral posted to counterparties that was available for netting against our liability positions. The following amounts were recorded in the condensed consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships: Carrying Amount of Cumulative Amount of Fair Value (a) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Unsecured debt $ 34,433 $ 33,551 $ 1,158 $ 1,029 _________________ (a) Includes $865 million and $872 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at March 31, 2024 and December 31, 2023. The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of income: Three Months Ended March 31, 2024 2023 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ 129 $ — $ (29) $ — Interest rate swaps (157) — 46 — Cash flow hedges Interest rate swaps 7 — 9 — Hedged items - foreign currency swaps (c) — 178 — (136) Foreign currency swaps (41) (176) (37) 136 Derivatives not designated as hedges Interest rate contracts 33 — 52 — Foreign currency contracts — 2 — — Total income (loss) recognized $ (28) $ 3 $ 40 $ — _________________ (a) Total interest expense was $1.4 billion and $1.0 billion for the three months ended March 31, 2024 and 2023. (b) Total operating expenses were $458 million and $442 million for the three months ended March 31, 2024 and 2023. (c) Transaction activity recorded in operating expenses related to foreign currency-denominated debt. The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income: Gains (Losses) Recognized In Three Months Ended March 31, 2024 2023 Cash flow hedges Interest rate swaps $ 9 $ 1 Foreign currency swaps (141) 29 Total $ (132) $ 30 (Gains) Losses Reclassified From Accumulated Other Three Months Ended March 31, 2024 2023 Cash flow hedges Interest rate swaps $ (5) $ (7) Foreign currency swaps 163 (76) Total $ 158 $ (82) All amounts reclassified from accumulated other comprehensive income (loss) were recorded to interest expense. During the next 12 months, we estimate an insignificant amount of losses will be reclassified into pre-tax earnings from derivatives designated for hedge accounting.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings We are subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against us could take the form of class actions. The outcome of these proceedings is inherently uncertain, and thus we cannot confidently predict how or when proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm. In accordance with the current accounting standards for loss contingencies, we establish reserves for legal matters when it is probable that a loss associated with the matter has been incurred and the amount of the loss can be reasonably estimated. The actual costs of resolving legal matters may be higher or lower than any amounts reserved for these matters. At March 31, 2024, we estimated our reasonably possible legal exposure for unfavorable outcomes to be approximately $151 million, and we have accrued $137 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 $187 million at March 31, 2024.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity March 31, 2024 December 31, 2023 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 During both the three months ended March 31, 2024 and 2023, our Board of Directors declared and paid dividends of $450 million on our common stock to General Motors Holdings LLC. March 31, 2024 December 31, 2023 Preferred Stock Number of shares authorized 250,000,000 250,000,000 Number of shares issued and outstanding (a) Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, 1,000,000 1,000,000 Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, 500,000 500,000 Fixed-Rate Reset Cumulative Perpetual Preferred Stock, 500,000 500,000 _________________ (a) Issued at a liquidation preference of $1,000 per share. During both the three months ended March 31, 2024 and 2023, we paid dividends of $29 million to holders of record of our Series A Preferred Stock, $16 million to holders of record of our Series B Preferred Stock, and $14 million to holders of record of our Series C Preferred Stock. The following table summarizes the significant components of accumulated other comprehensive income (loss): Three Months Ended March 31, 2024 2023 Unrealized gain (loss) on hedges Beginning balance $ (3) $ (21) Change in value of hedges, net of tax 26 (52) Ending balance 23 (73) Defined benefit plans Beginning balance 1 1 Unrealized gain (loss) on subsidiary pension — — Ending balance 1 1 Foreign currency translation adjustment Beginning balance (1,206) (1,352) Translation gain (loss) (65) 102 Ending balance (1,270) (1,251) Total accumulated other comprehensive income (loss) $ (1,246) $ (1,323)

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are included in GM’s consolidated U.S. federal income tax return and certain states’ income tax returns. Net operating losses and certain tax credits generated by us have been utilized by GM; however, income tax expense and deferred tax balances are presented in our financial statements as if we filed our own tax returns in each jurisdiction. Refer to Note 2 for further information on related party taxes payable.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Our chief operating decision maker evaluates the operating results and performance of our business based on our North America and International Segments. Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investments in joint ventures in China. The management of each segment is responsible for executing our strategies. Key operating data for our operating segments were as follows: Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 North International Total North International Total Total revenue $ 3,417 $ 394 $ 3,811 $ 3,049 $ 294 $ 3,343 Operating expenses 369 90 458 358 84 442 Leased vehicle expenses 1,024 23 1,047 1,022 17 1,039 Provision for loan losses 171 33 204 114 17 131 Interest expense 1,230 167 1,396 877 123 1,000 Equity income — 32 32 — 41 41 Income before income taxes $ 623 $ 114 $ 737 $ 677 $ 94 $ 771 March 31, 2024 December 31, 2023 North International Total North International Total Finance receivables, net $ 79,091 $ 6,680 $ 85,771 $ 78,148 $ 6,489 $ 84,637 Leased vehicles, net $ 29,731 $ 375 $ 30,106 $ 30,227 $ 356 $ 30,582 Total assets $ 123,183 $ 10,038 $ 133,221 $ 122,128 $ 9,883 $ 132,011

Regulatory Capital and Other Re

Regulatory Capital and Other Regulatory Matters	3 Months Ended
	Mar. 31, 2024
Regulatory Capital and Other Regulatory Matters [Abstract]
Regulatory Capital and Other Regulatory Matters	Regulatory Capital and Other Regulatory Matters We are required to comply with a wide variety of laws and regulations. Certain of our entities operate in international markets as either banks or regulated finance companies that are subject to regulatory restrictions. These regulatory restrictions, among other things, require that certain of these entities meet minimum capital requirements and may restrict dividend distributions and ownership of certain assets. We were in compliance with all regulatory capital requirements as most recently reported. Total assets of our regulated international banks and finance companies were approximately $7.9 billion and $7.7 billion at March 31, 2024 and December 31, 2023.

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
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. The consolidated financial statements, including the notes thereto, are condensed and do not include all disclosures required by generally accepted accounting principles (GAAP) in the U.S. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange Commission on January 30, 2024 (2023 Form 10-K). The condensed consolidated financial statements at March 31, 2024, and for the three months ended March 31, 2024 and 2023, are unaudited and, in management’s opinion, include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations. The results for interim periods are not necessarily indicative of results for a full year. The condensed consolidated balance sheet at December 31, 2023 was derived from audited annual financial statements. Except as otherwise specified, dollar amounts presented within tables are stated in millions. Certain columns and rows may not add due to rounding.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following tables present related party transactions: Balance Sheet Data March 31, 2024 December 31, 2023 Commercial finance receivables due from dealers consolidated by GM $ 183 $ 164 Commercial finance receivables due from Cruise $ 395 $ 353 Subvention receivable from GM $ 600 $ 508 Commercial loan funding payable to GM $ 179 $ 55 Taxes payable to GM $ 529 $ 384 Three Months Ended March 31, Income Statement Data 2024 2023 Interest subvention earned on retail finance receivables (a) $ 308 $ 257 Interest subvention earned on commercial finance receivables (a) $ 27 $ 22 Leased vehicle subvention earned (b) $ 364 $ 393 _________________ (a) Included in finance charge income. (b) Included as a reduction to leased vehicle expenses.

Finance Receivables (Tables)

Finance Receivables (Tables)	3 Months Ended
	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Finance Receivables, Net	March 31, 2024 December 31, 2023 Retail finance receivables Retail finance receivables (a) $ 73,230 $ 72,729 Less: allowance for loan losses (2,320) (2,308) Total retail finance receivables, net 70,911 70,421 Commercial finance receivables Commercial finance receivables (a)(b) 14,895 14,251 Less: allowance for loan losses (35) (36) Total commercial finance receivables, net 14,860 14,216 Total finance receivables, net $ 85,771 $ 84,637 Fair value utilizing Level 2 inputs $ 14,860 $ 14,216 Fair value utilizing Level 3 inputs $ 71,427 $ 70,911 ________________ (a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs. (b) Includes dealer financing of $14.1 billion and $13.4 billion, and other financing of $773 million and $830 million at March 31, 2024 and December 31, 2023. Commercial finance receivables are presented net of dealer cash management balances of $2.8 billion and $2.6 billion at March 31, 2024 and December 31, 2023.
Schedule of Allowance for Credit Losses on Financing Receivables	A summary of the activity in the allowance for retail loan losses is as follows: Three Months Ended March 31, 2024 2023 Allowance for retail loan losses beginning balance $ 2,308 $ 2,062 Provision for loan losses 205 137 Charge-offs (405) (322) Recoveries 213 186 Foreign currency translation and other (1) 60 Allowance for retail loan losses ending balance $ 2,320 $ 2,123
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 March 31, 2024 and December 31, 2023: Year of Origination March 31, 2024 2024 2023 2022 2021 2020 Prior Total Percent Prime - FICO Score 680 and greater $ 6,124 $ 21,739 $ 14,060 $ 8,080 $ 4,274 $ 1,055 $ 55,332 75.6 % Near-prime - FICO Score 620 to 679 902 2,981 2,076 1,566 787 380 8,692 11.9 Sub-prime - FICO Score less than 620 967 2,821 2,172 1,682 878 685 9,206 12.6 Retail finance receivables $ 7,993 $ 27,542 $ 18,308 $ 11,329 $ 5,938 $ 2,120 $ 73,230 100.0 % 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 $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 % 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 March 31, 2024 Dealer Risk Rating Revolving 2024 2023 2022 2021 2020 Prior Total Percent I $ 12,192 $ 64 $ 263 $ 403 $ 289 $ 294 $ 72 $ 13,578 96.1 % II 274 — 3 7 — — — 284 2.0 III 217 4 5 15 12 — 7 261 1.8 IV — — — — — — — — — Balance at end of period $ 12,682 $ 68 $ 271 $ 425 $ 302 $ 294 $ 79 $ 14,122 100.0 % 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 %
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 March 31, 2024 and December 31, 2023, as well as summary totals for March 31, 2023. The first table also presents our charge-offs by vintage for the three months ended March 31, 2024: Year of Origination March 31, 2024 March 31, 2023 2024 2023 2022 2021 2020 Prior Total Percent Total Percent 0 - 30 days $ 7,973 $ 27,054 $ 17,743 $ 10,856 $ 5,689 $ 1,911 $ 71,225 97.3 % $ 66,109 97.6 % 31 - 60 days 19 342 406 352 188 156 1,463 2.0 1,188 1.8 Greater than 60 days 1 125 140 109 56 50 482 0.7 363 0.5 Finance receivables more than 30 days delinquent 20 467 547 461 245 206 1,945 2.7 1,551 2.3 In repossession — 21 19 12 4 3 60 0.1 44 0.1 Finance receivables more than 30 days delinquent or in repossession 20 488 566 473 249 209 2,005 2.7 1,595 2.4 Retail finance receivables $ 7,993 $ 27,542 $ 18,308 $ 11,329 $ 5,938 $ 2,120 $ 73,230 100.0 % $ 67,704 100.0 % Charge-offs $ 18 $ 119 $ 123 $ 80 $ 34 $ 31 $ 405 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 $ 30,253 $ 20,259 $ 12,670 $ 6,842 $ 2,000 $ 707 $ 72,729 100.0 %

Leased Vehicles (Tables)

Leased Vehicles (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
Schedule of Leased Vehicles	March 31, 2024 December 31, 2023 Leased vehicles (a) $ 37,119 $ 37,921 Less: accumulated depreciation (7,013) (7,338) Leased vehicles, net $ 30,106 $ 30,582 ________________ (a) Net of vehicle acquisition costs, less manufacturer incentives and investment tax credits.
Schedule of Future Minimum Rental Payments Receivable For Operating Leases	The following table summarizes minimum rental payments due to us as lessor under operating leases at March 31, 2024: Years Ending December 31, 2024 2025 2026 2027 2028 Thereafter Total Lease payments under operating leases $ 3,793 $ 3,651 $ 1,758 $ 253 $ 9 $ 1 $ 9,464

Equity in Net Assets of Nonco_2

Equity in Net Assets of Nonconsolidated Affiliates (Tables)	3 Months Ended
	Mar. 31, 2024
Noncontrolling Interest [Abstract]
Schedule of Financial Information for our Joint Ventures	The following table presents certain aggregated operating data of our joint ventures: Three Months Ended March 31, Summarized Operating Data 2024 2023 Finance charge income $ 286 $ 392 Income before income taxes $ 120 $ 155 Net income $ 90 $ 116

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	March 31, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt Revolving credit facilities $ 1,522 $ 1,522 $ 4,960 $ 4,960 Securitization notes payable 42,689 42,370 40,284 40,012 Total secured debt 44,212 43,892 45,243 44,971 Unsecured debt Senior notes 51,299 51,001 49,990 49,537 Credit facilities 1,890 1,889 2,034 2,026 Other unsecured debt 8,509 8,541 8,060 8,088 Total unsecured debt 61,698 61,430 60,084 59,651 Total secured and unsecured debt $ 105,910 $ 105,322 $ 105,327 $ 104,622 Fair value utilizing Level 2 inputs $ 103,049 $ 102,262 Fair value utilizing Level 3 inputs $ 2,274 $ 2,360

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2024
Securitization and Credit Facility VIEs
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes the assets and liabilities related to our consolidated VIEs: March 31, 2024 December 31, 2023 Restricted cash (a) $ 3,423 $ 2,765 Finance receivables $ 44,566 $ 46,648 Lease related assets $ 15,639 $ 15,794 Secured debt $ 44,271 $ 45,299 _______________ (a) Included in other assets.

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The table below presents the gross fair value amounts of our derivative financial instruments and the associated notional amounts: March 31, 2024 December 31, 2023 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 $ 21,991 $ 9 $ 352 $ 18,379 $ 75 $ 238 Cash flow hedges Interest rate swaps 2,447 16 10 2,381 17 16 Foreign currency swaps 9,208 88 428 8,003 144 311 Derivatives not designated as hedges Interest rate contracts 123,103 1,576 2,024 134,683 1,573 1,997 Foreign currency contracts 940 2 — — — — Total $ 157,689 $ 1,691 $ 2,815 $ 163,446 $ 1,809 $ 2,563
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following amounts were recorded in the condensed consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships: Carrying Amount of Cumulative Amount of Fair Value (a) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Unsecured debt $ 34,433 $ 33,551 $ 1,158 $ 1,029 _________________ (a) Includes $865 million and $872 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at March 31, 2024 and December 31, 2023.
Schedule of Effect of Derivative Instruments on the Condensed Consolidated Statements of Income	The table below presents the effect of our derivative financial instruments in the condensed consolidated statements of income: Three Months Ended March 31, 2024 2023 Interest Expense (a) Operating Expenses (b) Interest Expense (a) Operating Expenses (b) Fair value hedges Hedged items - interest rate swaps $ 129 $ — $ (29) $ — Interest rate swaps (157) — 46 — Cash flow hedges Interest rate swaps 7 — 9 — Hedged items - foreign currency swaps (c) — 178 — (136) Foreign currency swaps (41) (176) (37) 136 Derivatives not designated as hedges Interest rate contracts 33 — 52 — Foreign currency contracts — 2 — — Total income (loss) recognized $ (28) $ 3 $ 40 $ — _________________ (a) Total interest expense was $1.4 billion and $1.0 billion for the three months ended March 31, 2024 and 2023. (b) Total operating expenses were $458 million and $442 million for the three months ended March 31, 2024 and 2023. (c) Transaction activity recorded in operating expenses related to foreign currency-denominated debt. The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of comprehensive income: Gains (Losses) Recognized In Three Months Ended March 31, 2024 2023 Cash flow hedges Interest rate swaps $ 9 $ 1 Foreign currency swaps (141) 29 Total $ (132) $ 30 (Gains) Losses Reclassified From Accumulated Other Three Months Ended March 31, 2024 2023 Cash flow hedges Interest rate swaps $ (5) $ (7) Foreign currency swaps 163 (76) Total $ 158 $ (82)

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Schedule of Common and Preferred Stock	March 31, 2024 December 31, 2023 Common Stock Number of shares authorized 10,000,000 10,000,000 Number of shares issued and outstanding 5,050,000 5,050,000 During both the three months ended March 31, 2024 and 2023, our Board of Directors declared and paid dividends of $450 million on our common stock to General Motors Holdings LLC. March 31, 2024 December 31, 2023 Preferred Stock Number of shares authorized 250,000,000 250,000,000 Number of shares issued and outstanding (a) Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, 1,000,000 1,000,000 Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, 500,000 500,000 Fixed-Rate Reset Cumulative Perpetual Preferred Stock, 500,000 500,000 _________________ (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): Three Months Ended March 31, 2024 2023 Unrealized gain (loss) on hedges Beginning balance $ (3) $ (21) Change in value of hedges, net of tax 26 (52) Ending balance 23 (73) Defined benefit plans Beginning balance 1 1 Unrealized gain (loss) on subsidiary pension — — Ending balance 1 1 Foreign currency translation adjustment Beginning balance (1,206) (1,352) Translation gain (loss) (65) 102 Ending balance (1,270) (1,251) Total accumulated other comprehensive income (loss) $ (1,246) $ (1,323)

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Key operating data for our operating segments were as follows: Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 North International Total North International Total Total revenue $ 3,417 $ 394 $ 3,811 $ 3,049 $ 294 $ 3,343 Operating expenses 369 90 458 358 84 442 Leased vehicle expenses 1,024 23 1,047 1,022 17 1,039 Provision for loan losses 171 33 204 114 17 131 Interest expense 1,230 167 1,396 877 123 1,000 Equity income — 32 32 — 41 41 Income before income taxes $ 623 $ 114 $ 737 $ 677 $ 94 $ 771 March 31, 2024 December 31, 2023 North International Total North International Total Finance receivables, net $ 79,091 $ 6,680 $ 85,771 $ 78,148 $ 6,489 $ 84,637 Leased vehicles, net $ 29,731 $ 375 $ 30,106 $ 30,227 $ 356 $ 30,582 Total assets $ 123,183 $ 10,038 $ 133,221 $ 122,128 $ 9,883 $ 132,011

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023
Related Party Transaction [Line Items]
Revenues		$ 3,811,000,000	$ 3,343,000,000
Related party tax payment		$ 0	0
Line of Credit | General Motors | Five Year Revolving Credit Facility
Related Party Transaction [Line Items]
Debt instrument term		5 years
Current borrowing capacity	$ 10,000,000,000	$ 10,000,000,000
Line of Credit | General Motors | 364 Day Revolving Credit Facilities
Related Party Transaction [Line Items]
Debt instrument term	364 days
Revolving Credit Facility
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 2,400,000,000	2,400,000,000
Revolving Credit Facility | Line of Credit | Cruise
Related Party Transaction [Line Items]
Maximum borrowing capacity	3,400,000,000	3,400,000,000
Revolving Credit Facility | Line of Credit | General Motors
Related Party Transaction [Line Items]
Maximum borrowing capacity	14,100,000,000	$ 14,100,000,000
Revolving Credit Facility | Line of Credit | General Motors | Three Year Revolving Credit Facility
Related Party Transaction [Line Items]
Debt instrument term		3 years
Current borrowing capacity	4,100,000,000	$ 4,100,000,000
Revolving Credit Facility | Line of Credit | General Motors | 364 Day Revolving Credit Facilities
Related Party Transaction [Line Items]
Maximum borrowing capacity	2,000,000,000	$ 2,000,000,000
Debt instrument term		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	$ 1,000,000,000
GM
Related Party Transaction [Line Items]
Revenues		$ 777,000,000	$ 749,000,000

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Commercial finance receivables	$ 85,771		$ 84,637
Related Party
Related Party Transaction [Line Items]
Commercial finance receivables	600		508
Taxes payable to GM	529		384
Leased vehicle subvention earned	364	$ 393
Commercial Finance Receivables
Related Party Transaction [Line Items]
Commercial finance receivables	14,860		14,216
Commercial Finance Receivables | Revolving Credit Facility | Line of Credit | Cruise
Related Party Transaction [Line Items]
Commercial finance receivables due from Cruise	395		353
Commercial Finance Receivables | Related Party
Related Party Transaction [Line Items]
Commercial finance receivables	183		164
Commercial loan funding payable to GM	179		55
Interest subvention earned	27	22
Retail Finance Receivables
Related Party Transaction [Line Items]
Commercial finance receivables	70,911		$ 70,421
Retail Finance Receivables | Related Party
Related Party Transaction [Line Items]
Interest subvention earned	$ 308	$ 257

Finance Receivables - Schedule

Finance Receivables - Schedule of Finance Receivables, Net (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for loan losses	$ (2,355)	$ (2,344)
Total finance receivables, net	85,771	84,637
Level 2
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	14,860	14,216
Level 3
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value utilizing inputs	71,427	70,911
Retail finance receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	73,230	72,729	$ 67,704
Less: allowance for loan losses	(2,320)	(2,308)	$ (2,123)	$ (2,062)
Total finance receivables, net	70,911	70,421
Commercial finance receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	14,895	14,251
Less: allowance for loan losses	(35)	(36)
Total finance receivables, net	14,860	14,216
Dealer cash management balances	2,800	2,600
Commercial finance receivables | Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	14,122	13,422
Commercial finance receivables | Other Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	$ 773	$ 830

Finance Receivables - Schedul_2

Finance Receivables - Schedule of Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	$ 2,344
Charge-offs	(405)
Allowance for retail loan losses ending balance	2,355
Retail Finance Receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for retail loan losses beginning balance	2,308	$ 2,062
Provision for loan losses	205	137
Charge-offs	(405)	(322)
Recoveries	213	186
Foreign currency translation and other	(1)	60
Allowance for retail loan losses ending balance	$ 2,320	$ 2,123

Finance Receivables - Narrative

Finance Receivables - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs	$ 405
Retail Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit loss of finance receivables, percentage	3.20%		3.20%
Nonaccrual loans	$ 721		$ 809
Charge-offs	405	$ 322
Commercial Finance Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	0		$ 0
Loan modifications	0	0
Charge-offs	$ 0	$ 0

Finance Receivables - Schedul_3

Finance Receivables - Schedule of Financing Receivable Credit Quality Indicators (Details) - Retail Finance Receivables - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 7,993	$ 30,253
2023	27,542	20,259
2022	18,308	12,670
2021	11,329	6,842
2020	5,938	2,000
Prior	2,120	707
Total	$ 73,230	$ 72,729	$ 67,704
Percent	100%	100%
Prime - FICO Score 680 and greater
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 6,124	$ 23,940
2023	21,739	15,581
2022	14,060	9,039
2021	8,080	4,926
2020	4,274	1,076
Prior	1,055	320
Total	$ 55,332	$ 54,882
Percent	75.60%	75.50%
Near-prime - FICO Score 620 to 679
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 902	$ 3,234
2023	2,981	2,281
2022	2,076	1,746
2021	1,566	906
2020	787	350
Prior	380	129
Total	$ 8,692	$ 8,647
Percent	11.90%	11.90%
Sub-prime - FICO Score less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 967	$ 3,079
2023	2,821	2,397
2022	2,172	1,884
2021	1,682	1,010
2020	878	573
Prior	685	257
Total	$ 9,206	$ 9,200
Percent	12.60%	12.60%

Finance Receivables - Delinquen

Finance Receivables - Delinquency (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Charge-offs
2024	$ 18
2023	119
2022	123
2021	80
2020	34
Prior	31
Total	405
Retail Finance Receivables
Financing Receivable, Past Due [Line Items]
2024	7,993		$ 30,253
2023	27,542		20,259
2022	18,308		12,670
2021	11,329		6,842
2020	5,938		2,000
Prior	2,120		707
Total	$ 73,230	$ 67,704	$ 72,729
Percent of portfolio	100%	100%	100%
Charge-offs
Total	$ 405	$ 322
Retail Finance Receivables | Performing Financial Instruments | 0 - 30 days
Financing Receivable, Past Due [Line Items]
2024	7,973		$ 29,816
2023	27,054		19,602
2022	17,743		12,098
2021	10,856		6,533
2020	5,689		1,825
Prior	1,911		599
Total	$ 71,225	$ 66,109	$ 70,472
Percent of portfolio	97.30%	97.60%	96.90%
Retail Finance Receivables | Nonperforming Financial Instruments | 31 - 60 days
Financing Receivable, Past Due [Line Items]
2024	$ 19		$ 318
2023	342		470
2022	406		415
2021	352		227
2020	188		130
Prior	156		78
Total	$ 1,463	$ 1,188	$ 1,637
Percent of portfolio	2%	1.80%	2.30%
Retail Finance Receivables | Nonperforming Financial Instruments | Greater than 60 days
Financing Receivable, Past Due [Line Items]
2024	$ 1		$ 102
2023	125		168
2022	140		142
2021	109		76
2020	56		42
Prior	50		29
Total	$ 482	$ 363	$ 559
Percent of portfolio	0.70%	0.50%	0.80%
Retail Finance Receivables | Nonperforming Financial Instruments | Finance receivables more than 30 days delinquent
Financing Receivable, Past Due [Line Items]
2024	$ 20		$ 421
2023	467		637
2022	547		557
2021	461		302
2020	245		172
Prior	206		107
Total	$ 1,945	$ 1,551	$ 2,196
Percent of portfolio	2.70%	2.30%	3%
Retail Finance Receivables | Nonperforming Financial Instruments | In repossession
Financing Receivable, Past Due [Line Items]
2024	$ 0		$ 17
2023	21		20
2022	19		14
2021	12		6
2020	4		3
Prior	3		1
Total	$ 60	$ 44	$ 61
Percent of portfolio	0.10%	0.10%	0.10%
Retail Finance Receivables | Nonperforming Financial Instruments | Finance receivables more than 30 days delinquent or in repossession
Financing Receivable, Past Due [Line Items]
2024	$ 20		$ 437
2023	488		657
2022	566		572
2021	473		308
2020	249		175
Prior	209		108
Total	$ 2,005	$ 1,595	$ 2,257
Percent of portfolio	2.70%	2.40%	3.10%

Finance Receivables - Schedul_4

Finance Receivables - Schedule of Credit Risk Profile by Dealer (Details) - Commercial Finance Receivables - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 14,895	$ 14,251
Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	12,682	11,971
2024	68	296
2023	271	435
2022	425	311
2021	302	301
2020	294	96
Prior	79	11
Total	$ 14,122	$ 13,422
Percent	100%	100%
Floorplan Advances
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of revolving balance	99.10%	99.70%
Group I - Performing accounts with strong to acceptable financial metrics | Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 12,192	$ 11,638
2024	64	295
2023	263	417
2022	403	297
2021	289	301
2020	294	85
Prior	72	11
Total	$ 13,578	$ 13,043
Percent	96.10%	97.20%
Group II - Performing accounts experiencing potential weakness in financial metrics | Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 274	$ 182
2024	0	0
2023	3	2
2022	7	2
2021	0	0
2020	0	0
Prior	0	0
Total	$ 284	$ 187
Percent	2%	1.40%
Group III - Non-Performing accounts with inadequate paying capacity for current obligations | Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 217	$ 152
2024	4	1
2023	5	15
2022	15	12
2021	12	0
2020	0	11
Prior	7	0
Total	$ 261	$ 192
Percent	1.80%	1.40%
Group IV - Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses | Dealer Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	$ 0	$ 0
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Total	$ 0	$ 0
Percent	0%	0%

Leased Vehicles - Schedule of L

Leased Vehicles - Schedule of Leased Vehicles (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
Leased vehicles	$ 37,119		$ 37,921
Less: accumulated depreciation	(7,013)		(7,338)
Leased vehicles, net	30,106		$ 30,582
Depreciation expense	$ 1,200	$ 1,200

Leased Vehicles - Minimum Renta

Leased Vehicles - Minimum Rental Payments (Details) $ in Millions	Mar. 31, 2024 USD ($)
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]
2024	$ 3,793
2025	3,651
2026	1,758
2027	253
2028	9
Thereafter	1
Total	$ 9,464

Equity in Net Assets of Nonco_3

Equity in Net Assets of Nonconsolidated Affiliates (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Noncontrolling Interest [Line Items]
Finance charge income	$ 1,786	$ 1,368
Income before income taxes	737	771
Net income	536	584
Joint Ventures
Noncontrolling Interest [Line Items]
Finance charge income	286	392
Income before income taxes	120	155
Net income	90	$ 116
Undistributed earnings	$ 868		$ 837

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Short Term and Long Term Debt [Line Items]
Secured debt, carrying amount	$ 44,212	$ 45,243
Unsecured debt, carrying amount	61,698	60,084
Total secured and unsecured debt, carrying amount	105,910	105,327
Secured debt fair value	43,892	44,971
Unsecured debt fair value	61,430	59,651
Fair value of Secured and Unsecured debt	105,322	104,622
Level 2
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	103,049	102,262
Level 3
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	2,274	2,360
Revolving credit facilities
Short Term and Long Term Debt [Line Items]
Secured debt, carrying amount	1,522	4,960
Unsecured debt, carrying amount	1,890	2,034
Secured debt fair value	1,522	4,960
Unsecured debt fair value	1,889	2,026
Securitization notes payable
Short Term and Long Term Debt [Line Items]
Secured debt, carrying amount	42,689	40,284
Secured debt fair value	42,370	40,012
Senior notes
Short Term and Long Term Debt [Line Items]
Unsecured debt, carrying amount	51,299	49,990
Unsecured debt fair value	51,001	49,537
Other unsecured debt
Short Term and Long Term Debt [Line Items]
Unsecured debt, carrying amount	8,509	8,060
Unsecured debt fair value	$ 8,541	$ 8,088

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Billions	Mar. 31, 2024 USD ($)
Securitization Notes Payable | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 7.3
Weighted average interest rate	5.38%
Unsecured Senior Notes | Unsecured Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 4.4
Weighted average interest rate	5.33%
Revolving Credit Facility
Debt Instrument [Line Items]
Renewed borrowing capacity	$ 2.4

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Restricted cash	$ 3,618
Finance receivables	85,771	$ 84,637
Lease related assets	30,106	30,582
Secured debt	44,212	45,243
Securitization and Credit Facility VIEs
Variable Interest Entity [Line Items]
Restricted cash	3,423	2,765
Finance receivables	44,566	46,648
Lease related assets	15,639	15,794
Secured debt	$ 44,271	$ 45,299

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Notional	$ 157,689	$ 163,446
Fair Value of Assets	1,691	1,809
Fair Value of Liabilities	2,815	2,563
Fair value of assets (liabilities) available for offset	1,100	1,200
Other Liabilities
Derivatives, Fair Value [Line Items]
Collateral held for netting against asset positions	447	457
Other Assets
Derivatives, Fair Value [Line Items]
Collateral available for netting against liability positions	1,200	1,200
Interest rate swaps | Fair value hedges | Level 2 | Derivatives designated as hedges
Derivatives, Fair Value [Line Items]
Notional	21,991	18,379
Fair Value of Assets	9	75
Fair Value of Liabilities	352	238
Interest rate swaps | Cash flow hedges | Level 2 | Derivatives designated as hedges
Derivatives, Fair Value [Line Items]
Notional	2,447	2,381
Fair Value of Assets	16	17
Fair Value of Liabilities	10	16
Foreign currency swaps | Cash flow hedges | Level 2 | Derivatives designated as hedges
Derivatives, Fair Value [Line Items]
Notional	9,208	8,003
Fair Value of Assets	88	144
Fair Value of Liabilities	428	311
Interest rate contracts | Level 2 | Derivatives not designated as hedges
Derivatives, Fair Value [Line Items]
Notional	123,103	134,683
Fair Value of Assets	1,576	1,573
Fair Value of Liabilities	2,024	1,997
Foreign currency contracts | Level 2 | Derivatives not designated as hedges
Derivatives, Fair Value [Line Items]
Notional	940	0
Fair Value of Assets	2	0
Fair Value of Liabilities	$ 0	$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Unsecured debt (Note 6)	Unsecured debt (Note 6)
Derivatives designated as hedges | Fair value hedges
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Items	$ 34,433	$ 33,551
Cumulative Amount of Fair Value Hedging Adjustments	1,158	1,029
Discontinued hedge cumulative amount of fair value hedging adjustments	$ 865	$ 872

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Income (Losses) Recognized in Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivatives, Fair Value [Line Items]
Interest expense	$ 1,396	$ 1,000
Operating expenses	458	442
AOCI Attributable to Parent
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Income (Loss)	(132)	30
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income (Loss) Into Income (Loss)	158	(82)
Interest Expense
Derivatives, Fair Value [Line Items]
Total income (loss) recognized	(28)	40
Operating Expense
Derivatives, Fair Value [Line Items]
Total income (loss) recognized	3	0
Derivatives not designated as hedges | Interest Expense
Derivatives, Fair Value [Line Items]
Foreign currency contracts	0	0
Derivatives not designated as hedges | Operating Expense
Derivatives, Fair Value [Line Items]
Foreign currency contracts	2	0
Interest rate swaps | Fair value hedges | Derivatives designated as hedges | Interest Expense
Derivatives, Fair Value [Line Items]
Hedged items	129	(29)
Interest rate swaps and Foreign currency swaps	(157)	46
Interest rate swaps | Fair value hedges | Derivatives designated as hedges | Operating Expense
Derivatives, Fair Value [Line Items]
Hedged items	0	0
Interest rate swaps and Foreign currency swaps	0	0
Interest rate swaps | Cash flow hedges | Unrealized gain (loss) on hedges
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Income (Loss)	9	1
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income (Loss) Into Income (Loss)	(5)	(7)
Interest rate swaps | Cash flow hedges | Derivatives designated as hedges | Interest Expense
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	7	9
Interest rate swaps | Cash flow hedges | Derivatives designated as hedges | Operating Expense
Derivatives, Fair Value [Line Items]
Interest rate swaps and Foreign currency swaps	0	0
Foreign currency swaps | Cash flow hedges | Foreign currency translation adjustment
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Income (Loss)	(141)	29
(Gains) Losses Reclassified From Accumulated Other Comprehensive Income (Loss) Into Income (Loss)	163	(76)
Foreign currency swaps | Cash flow hedges | Derivatives designated as hedges | Interest Expense
Derivatives, Fair Value [Line Items]
Hedged items	0	0
Interest rate swaps and Foreign currency swaps	(41)	(37)
Foreign currency swaps | Cash flow hedges | Derivatives designated as hedges | Operating Expense
Derivatives, Fair Value [Line Items]
Hedged items	178	(136)
Interest rate swaps and Foreign currency swaps	(176)	136
Interest rate contracts | Derivatives not designated as hedges | Interest Expense
Derivatives, Fair Value [Line Items]
Interest rate contracts	33	52
Interest rate contracts | Derivatives not designated as hedges | Operating Expense
Derivatives, Fair Value [Line Items]
Interest rate contracts	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Estimate of possible loss	$ 151
Loss accrual	137
Indirect tax contingency	$ 187

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of Common and Preferred Stock (Details) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock)
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
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B (Series B Preferred Stock)
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
Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series C (Series C Preferred Stock)
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 ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Class of Stock [Line Items]
Common stock dividends declared and paid	$ 450	$ 450
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared and paid	29	29
Series B Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared and paid	16	16
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends declared and paid	$ 14	$ 14

Shareholders' Equity - Schedu_2

Shareholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	$ 15,542	$ 15,010
Balance at end of period	15,596	15,201
Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,208)	(1,373)
Balance at end of period	(1,246)	(1,323)
Unrealized gain (loss) on hedges
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(3)	(21)
Other comprehensive income (loss), net of tax	26	(52)
Balance at end of period	23	(73)
Defined benefit plans
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	1	1
Other comprehensive income (loss), net of tax	0	0
Balance at end of period	1	1
Foreign currency translation adjustment
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Balance at beginning of period	(1,206)	(1,352)
Other comprehensive income (loss), net of tax	(65)	102
Balance at end of period	$ (1,270)	$ (1,251)

Segment Reporting - Revenue (De

Segment Reporting - Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 3,811	$ 3,343
Operating expenses	458	442
Leased vehicle expenses	1,047	1,039
Provision for loan losses	204	131
Interest expense	1,396	1,000
Equity income	32	41
Income before income taxes	737	771
North America
Segment Reporting Information [Line Items]
Total revenue	3,417	3,049
Operating expenses	369	358
Leased vehicle expenses	1,024	1,022
Provision for loan losses	171	114
Interest expense	1,230	877
Equity income	0	0
Income before income taxes	623	677
International
Segment Reporting Information [Line Items]
Total revenue	394	294
Operating expenses	90	84
Leased vehicle expenses	23	17
Provision for loan losses	33	17
Interest expense	167	123
Equity income	32	41
Income before income taxes	$ 114	$ 94

Segment Reporting - Assets (Det

Segment Reporting - Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Finance receivables	$ 85,771	$ 84,637
Leased vehicles, net	30,106	30,582
Total assets	133,221	132,011
North America
Segment Reporting Information [Line Items]
Finance receivables	79,091	78,148
Leased vehicles, net	29,731	30,227
Total assets	123,183	122,128
International
Segment Reporting Information [Line Items]
Finance receivables	6,680	6,489
Leased vehicles, net	375	356
Total assets	$ 10,038	$ 9,883

Regulatory Capital and Other _2

Regulatory Capital and Other Regulatory Matters (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 133,221	$ 132,011
International Regulated Bank And Finance Companies
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 7,900	$ 7,700