| Schedule of New Accounting Pronouncements and Changes in Accounting Principles |
The following table summarizes the changes to our consolidated balance sheet for the adoption of ASU 2014-09, ASU 2016-01, ASU 2017-12 and ASU 2018-02: | | | | | | | | | | | | | | | | | | December 31, 2017 | | Adjustment due to ASU 2014-09 | | Adjustment due to ASU 2016-01, ASU 2017-12 and ASU 2018-02 | | January 1, 2018 | Deferred income taxes | $ | 23,544 |
|
| $ | 444 |
|
| $ | (63 | ) |
| $ | 23,925 |
| Other assets | $ | 4,929 |
|
| $ | 195 |
|
| $ | 242 |
|
| $ | 5,366 |
| GM Financial short-term debt and current portion of long-term debt | $ | 24,450 |
|
| $ | — |
|
| $ | (13 | ) |
| $ | 24,437 |
| Accrued liabilities | $ | 25,996 |
|
| $ | 2,328 |
|
| $ | — |
|
| $ | 28,324 |
| Other liabilities | $ | 12,394 |
|
| $ | (235 | ) |
| $ | — |
|
| $ | 12,159 |
| Retained earnings | $ | 17,627 |
|
| $ | (1,336 | ) |
| $ | 290 |
|
| $ | 16,581 |
| Accumulated other comprehensive loss | $ | (8,011 | ) |
| $ | — |
|
| $ | (98 | ) |
| $ | (8,109 | ) |
The following table summarizes the financial statement line items within our consolidated income statement and balance sheet significantly impacted by ASU 2014-09: | | | | | | | | | | | | | | Year Ended December 31, 2018 | | As Reported | | Balances without Adoption of ASC 606 | | Effect of Change | Income Statement | | | | | | Automotive net sales and revenue | $ | 133,045 |
|
| $ | 132,101 |
|
| $ | 944 |
| Automotive and other cost of sales | $ | 120,656 |
|
| $ | 119,635 |
|
| $ | 1,021 |
| Income before income taxes | $ | 8,549 |
|
| $ | 8,428 |
|
| $ | 121 |
| Net income attributable to stockholders | $ | 8,014 |
|
| $ | 7,906 |
|
| $ | 108 |
|
| | | | | | | | | | | | | | December 31, 2018 | | As Reported | | Balances without Adoption of ASC 606 | | Effect of Change | Balance Sheet | | | | | | Equipment on operating leases, net | $ | 247 |
|
| $ | 1,182 |
|
| $ | (935 | ) | Deferred income taxes | $ | 24,082 |
|
| $ | 23,652 |
|
| $ | 430 |
| Accrued liabilities | $ | 28,049 |
|
| $ | 26,543 |
|
| $ | 1,506 |
| Other liabilities | $ | 12,357 |
|
| $ | 12,792 |
|
| $ | (435 | ) | Retained earnings | $ | 22,322 |
|
| $ | 23,550 |
|
| $ | (1,228 | ) |
|