| Schedule of Segment Reporting Information, by Segment |
The following tables summarize key financial information by segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| At and For the Three Months Ended June 30, 2018 |
| GMNA |
| GMI |
| Corporate |
| Eliminations |
| Total Automotive |
| GM Cruise | | GM Financial |
| Eliminations |
| Total | Net sales and revenue | $ | 28,501 |
|
| $ | 4,758 |
|
| $ | 50 |
|
|
|
|
| $ | 33,309 |
|
| $ | — |
| | $ | 3,488 |
|
| $ | (37 | ) |
| $ | 36,760 |
| Earnings (loss) before interest and taxes-adjusted | $ | 2,670 |
|
| $ | 143 |
|
| $ | — |
|
|
|
|
| $ | 2,813 |
|
| $ | (154 | ) | | $ | 536 |
|
| $ | (3 | ) |
| $ | 3,192 |
| Adjustments(a) | $ | — |
|
| $ | (196 | ) |
| $ | — |
|
|
|
|
| $ | (196 | ) |
| $ | — |
| | $ | — |
| | $ | — |
| | (196 | ) | Automotive interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 72 |
| Automotive interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| (159 | ) | Net (loss) attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| (24 | ) | Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 2,885 |
| Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| (519 | ) | Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 2,366 |
| (Loss) from discontinued operations, net of tax | | | | | | | | | | | | | | | | | — |
| Net loss attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 24 |
| Net income attributable to stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| $ | 2,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Equity in net assets of nonconsolidated affiliates | $ | 81 |
|
| $ | 7,447 |
|
| $ | — |
|
| $ | — |
|
| $ | 7,528 |
|
| $ | — |
| | $ | 1,260 |
|
| $ | — |
|
| $ | 8,788 |
| Goodwill and intangibles | $ | 2,725 |
| | $ | 949 |
| | $ | 9 |
| | $ | — |
| | $ | 3,683 |
| | $ | 679 |
| | $ | 1,358 |
| | $ | — |
| | $ | 5,720 |
| Total assets | $ | 108,202 |
|
| $ | 26,905 |
|
| $ | 24,795 |
|
| $ | (45,289 | ) |
| $ | 114,613 |
|
| $ | 2,684 |
| | $ | 102,657 |
|
| $ | (1,313 | ) |
| $ | 218,641 |
| Depreciation and amortization | $ | 1,114 |
|
| $ | 137 |
|
| $ | 13 |
|
| $ | — |
|
| $ | 1,264 |
|
| $ | 2 |
| | $ | 1,833 |
|
| $ | — |
|
| $ | 3,099 |
| Impairment charges | $ | 28 |
|
| $ | 2 |
|
| $ | — |
|
| $ | — |
|
| $ | 30 |
|
| $ | — |
| | $ | — |
|
| $ | — |
|
| $ | 30 |
| Equity income | $ | 3 |
|
| $ | 589 |
|
| $ | — |
|
| $ | — |
|
| $ | 592 |
|
| $ | — |
| | $ | 45 |
|
| $ | — |
|
| $ | 637 |
|
__________ | | (a) | Consists of charges related to restructuring actions in Korea in GMI, which is net of noncontrolling interest. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| At and For the Three Months Ended June 30, 2017 |
| GMNA |
| GMI |
| Corporate |
| Eliminations |
| Total Automotive |
| GM Cruise | | GM Financial |
| Eliminations |
| Total | Net sales and revenue | $ | 28,437 |
|
| $ | 5,512 |
|
| $ | 52 |
|
|
|
|
| $ | 34,001 |
|
| $ | — |
| | $ | 2,990 |
|
| $ | (7 | ) |
| $ | 36,984 |
| Earnings (loss) before interest and taxes-adjusted | $ | 3,475 |
|
| $ | 317 |
|
| $ | (307 | ) |
|
|
|
| $ | 3,485 |
|
| $ | (157 | ) | | $ | 357 |
|
| $ | (3 | ) |
| $ | 3,682 |
| Adjustments(a) | $ | — |
|
| $ | (540 | ) |
| $ | (114 | ) |
|
|
|
| $ | (654 | ) |
| $ | — |
| | $ | — |
|
| $ | — |
|
| (654 | ) | Automotive interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 68 |
| Automotive interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| (132 | ) | Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 3 |
| Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 2,967 |
| Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| (534 | ) | Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| 2,433 |
| (Loss) from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| (770 | ) | Net (income) attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| (3 | ) | Net income attributable to stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| $ | 1,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Equity in net assets of nonconsolidated affiliates | $ | 79 |
|
| $ | 7,113 |
|
| $ | — |
|
| $ | — |
|
| $ | 7,192 |
|
| $ | — |
| | $ | 1,056 |
|
| $ | — |
|
| $ | 8,248 |
| Goodwill and intangibles | $ | 2,998 |
| | $ | 990 |
| | $ | 13 |
| | $ | — |
| | $ | 4,001 |
| | $ | 620 |
| | $ | 1,368 |
| | $ | — |
| | $ | 5,989 |
| Total assets(b) | $ | 109,358 |
|
| $ | 27,260 |
|
| $ | 41,284 |
|
| $ | (40,267 | ) |
| $ | 137,635 |
|
| $ | 559 |
| | $ | 103,588 |
|
| $ | (1,482 | ) |
| $ | 240,300 |
| Depreciation and amortization | $ | 1,187 |
|
| $ | 178 |
|
| $ | 9 |
|
| $ | — |
|
| $ | 1,374 |
|
| $ | 1 |
| | $ | 1,586 |
|
| $ | — |
|
| $ | 2,961 |
| Impairment charges | $ | 34 |
|
| $ | 199 |
|
| $ | — |
|
| $ | — |
|
| $ | 233 |
|
| $ | — |
| | $ | — |
|
| $ | — |
|
| $ | 233 |
| Equity income | $ | 1 |
|
| $ | 487 |
|
| $ | — |
|
| $ | — |
|
| $ | 488 |
|
| $ | — |
| | $ | 42 |
|
| $ | — |
|
| $ | 530 |
|
__________ | | (a) | Consists of charges of $460 million related to restructuring actions in India and South Africa in GMI; charges of $80 million associated with the deconsolidation of Venezuela in GMI and charges of $114 million for legal related matters related to the ignition switch recall in Corporate. |
| | (b) | Assets in Corporate and GM Financial include assets classified as held for sale. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | At and For the Six Months Ended June 30, 2018 | | GMNA | | GMI | | Corporate | | Eliminations | | Total Automotive | | GM Cruise | | GM Financial | | Eliminations | | Total | Net sales and revenue | $ | 56,319 |
|
| $ | 9,606 |
|
| $ | 99 |
|
|
|
|
| $ | 66,024 |
|
| $ | — |
|
| $ | 6,899 |
|
| $ | (64 | ) |
| $ | 72,859 |
| Earnings (loss) before interest and taxes-adjusted | $ | 4,903 |
|
| $ | 332 |
|
| $ | (93 | ) |
|
|
|
| $ | 5,142 |
|
| $ | (320 | ) |
| $ | 979 |
|
| $ | 1 |
|
| $ | 5,802 |
| Adjustments(a) | $ | — |
|
| $ | (1,138 | ) |
| $ | — |
|
|
|
|
| $ | (1,138 | ) |
| $ | — |
| | $ | — |
|
| $ | — |
|
| (1,138 | ) | Automotive interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 136 |
| Automotive interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (309 | ) | Net (loss) attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (30 | ) | Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4,461 |
| Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (985 | ) | Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3,476 |
| (Loss) from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (70 | ) | Net loss attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 30 |
| Net income attributable to stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 3,436 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization | $ | 2,223 |
| | $ | 290 |
| | $ | 24 |
| | $ | — |
| | $ | 2,537 |
| | $ | 3 |
| | $ | 3,656 |
|
| $ | — |
|
| $ | 6,196 |
| Impairment charges | $ | 53 |
| | $ | 461 |
| | $ | — |
| | $ | — |
| | $ | 514 |
| | $ | — |
| | $ | — |
|
| $ | — |
|
| $ | 514 |
| Equity income | $ | 5 |
| | $ | 1,183 |
| | $ | — |
| | $ | — |
| | $ | 1,188 |
| | $ | — |
| | $ | 97 |
|
| $ | — |
|
| $ | 1,285 |
|
__________ | | (a) | Consists of charges related to restructuring actions in Korea in GMI, which is net of noncontrolling interest. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | At and For the Six Months Ended June 30, 2017 | | GMNA | | GMI | | Corporate | | Eliminations | | Total Automotive | | GM Cruise | | GM Financial | | Eliminations | | Total | Net sales and revenue | $ | 57,775 |
|
| $ | 10,650 |
|
| $ | 226 |
|
|
|
|
| $ | 68,651 |
| | $ | — |
|
| $ | 5,738 |
|
| $ | (139 | ) |
| $ | 74,250 |
| Earnings (loss) before interest and taxes-adjusted | $ | 6,946 |
|
| $ | 495 |
|
| $ | (497 | ) |
|
|
|
| $ | 6,944 |
| | $ | (290 | ) |
| $ | 585 |
|
| $ | (3 | ) |
| $ | 7,236 |
| Adjustments(a) | $ | — |
|
| $ | (540 | ) |
| $ | (114 | ) |
|
|
|
| $ | (654 | ) | | $ | — |
|
| $ | — |
|
| $ | — |
|
| (654 | ) | Automotive interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| 125 |
| Automotive interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| (279 | ) | Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| 12 |
| Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| 6,440 |
| Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| (1,321 | ) | Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| 5,119 |
| (Loss) from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| (839 | ) | Net (income) attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| (12 | ) | Net income attributable to stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| $ | 4,268 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization | $ | 2,289 |
|
| $ | 369 |
|
| $ | 11 |
|
| $ | (1 | ) |
| $ | 2,668 |
| | $ | 1 |
|
| $ | 3,014 |
|
| $ | — |
|
| $ | 5,683 |
| Impairment charges | $ | 49 |
|
| $ | 200 |
|
| $ | 5 |
|
| $ | — |
|
| $ | 254 |
| | $ | — |
|
| $ | — |
|
| $ | — |
|
| $ | 254 |
| Equity income | $ | 6 |
|
| $ | 991 |
|
| $ | — |
|
| $ | — |
|
| $ | 997 |
| | $ | — |
|
| $ | 88 |
|
| $ | — |
|
| $ | 1,085 |
|
__________ | | (a) | Consists of charges of $460 million related to restructuring actions in India and South Africa in GMI; charges of $80 million associated with the deconsolidation of Venezuela in GMI and charges of $114 million for legal related matters related to the ignition switch recall in Corporate. |
|