| Schedule of Quarterly Financial Information |
The following tables summarize supplementary quarterly financial information: | | | | | | | | | | | | | | | | | | 1st Quarter | | 2nd Quarter | | 3rd Quarter | | 4th Quarter | 2018 | | | | | | | | Total net sales and revenue | $ | 36,099 |
| | $ | 36,760 |
| | $ | 35,791 |
| | $ | 38,399 |
| Automotive and other gross margin(a) | $ | 2,507 |
| | $ | 3,204 |
| | $ | 3,743 |
| | $ | 2,935 |
| Income from continuing operations | $ | 1,110 |
| | $ | 2,366 |
| | $ | 2,530 |
| | $ | 2,069 |
| Loss from discontinued operations, net of tax | $ | 70 |
| | $ | — |
| | $ | — |
| | $ | — |
| Net income attributable to stockholders | $ | 1,046 |
| | $ | 2,390 |
| | $ | 2,534 |
| | $ | 2,044 |
| Basic earnings per common share – continuing operations | $ | 0.78 |
| | $ | 1.68 |
| | $ | 1.77 |
| | $ | 1.42 |
| Basic loss per common share – discontinued operations | $ | 0.05 |
| | $ | — |
| | $ | — |
| | $ | — |
| Diluted earnings per common share – continuing operations | $ | 0.77 |
| | $ | 1.66 |
| | $ | 1.75 |
| | $ | 1.40 |
| Diluted loss per common share – discontinued operations | $ | 0.05 |
| | $ | — |
| | $ | — |
| | $ | — |
|
__________ | | (a) | Includes our GM Cruise segment. |
In the three months ended March 31, 2018 and June 30, 2018, we collectively recorded charges of $1.1 billion related to the closure of a facility and other restructuring actions in Korea. In the three months ended September 30, 2018 we recorded charges of $440 million for ignition switch related legal matters. In the three months ended December 31, 2018 we recorded charges of $1.3 billion related to transformation activities including employee separation, accelerated depreciation and other charges; and a non-recurring tax benefit of $1.0 billion related to foreign earnings.
| | | | | | | | | | | | | | | | | | 1st Quarter | | 2nd Quarter | | 3rd Quarter | | 4th Quarter | 2017 | | | | | | | | Total net sales and revenue | $ | 37,266 |
| | $ | 36,984 |
| | $ | 33,623 |
|
| $ | 37,715 |
| Automotive and other gross margin(a) | $ | 4,758 |
| | $ | 4,463 |
| | $ | 3,614 |
|
| $ | 4,385 |
| Income (loss) from continuing operations | $ | 2,686 |
| | $ | 2,433 |
| | $ | 114 |
|
| $ | (4,903 | ) | Loss from discontinued operations, net of tax | $ | 69 |
| | $ | 770 |
| | $ | 3,096 |
|
| $ | 277 |
| Net income (loss) attributable to stockholders | $ | 2,608 |
| | $ | 1,660 |
| | $ | (2,981 | ) |
| $ | (5,151 | ) | Basic earnings (loss) per common share – continuing operations | $ | 1.78 |
| | $ | 1.62 |
| | $ | 0.08 |
|
| $ | (3.46 | ) | Basic loss per common share – discontinued operations | $ | 0.05 |
| | $ | 0.51 |
| | $ | 2.14 |
|
| $ | 0.19 |
| Diluted earnings (loss) per common share – continuing operations | $ | 1.75 |
| | $ | 1.60 |
| | $ | 0.08 |
|
| $ | (3.46 | ) | Diluted loss per common share – discontinued operations | $ | 0.05 |
| | $ | 0.51 |
| | $ | 2.11 |
|
| $ | 0.19 |
|
__________ | | (a) | Includes our GM Cruise segment. |
|