Debt (Tables)
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6 Months Ended |
Jun. 30, 2020 |
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| Debt Instrument [Line Items] |
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| Schedule of maturities of long-term debt |
The following table summarizes contractual maturities including finance leases at June 30, 2020: | | | | | | | | | | | | | | | | | | | Automotive | | Automotive Financing | | Total | | 2020 (July 1, 2020 to December 31, 2020) | $ | 1,489 | | | $ | 21,693 | | | $ | 23,182 | | | 2021 | 1,908 | | | 27,507 | | | 29,415 | | | 2022 | 5,160 | | | 14,878 | | | 20,038 | | | 2023 | 13,010 | | | 9,329 | | | 22,339 | | | 2024 | 75 | | | 6,170 | | | 6,245 | | | 2025 | 2,540 | | | 6,265 | | | 8,805 | | | Thereafter | 11,253 | | | 5,941 | | | 17,194 | | | $ | 35,435 | | | $ | 91,783 | | | $ | 127,218 | |
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| Automotive [Member] |
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| Debt Instrument [Line Items] |
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| Debt carrying amount and fair value |
The following table presents debt in our automotive operations: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | | | December 31, 2019 | | | | Carrying Amount | | Fair Value | | Carrying Amount | | Fair Value | | Secured debt | $ | 274 | | | $ | 272 | | | $ | 167 | | | $ | 165 | | | Unsecured debt | 34,308 | | | 36,093 | | | 13,909 | | | 15,247 | | | Finance lease liabilities | 339 | | | 605 | | | 310 | | | 516 | | | Total automotive debt(a) | $ | 34,921 | | | $ | 36,970 | | | $ | 14,386 | | | $ | 15,928 | | | | | | | | | | | Fair value utilizing Level 1 inputs | | | $ | 17,660 | | | | | $ | 13,628 | | | Fair value utilizing Level 2 inputs | | | $ | 19,310 | | | | | $ | 2,300 | | | | | | | | | | | | | | | | | | | Available under credit facility agreements(b) | | | $ | 2,335 | | | | | $ | 17,285 | | Weighted-average interest rate on outstanding short-term debt(c) | | | 3.9 | % | | | | 4.9 | % | Weighted-average interest rate on outstanding long-term debt(c) | | | 3.5 | % | | | | 5.4 | % |
__________ (a)Includes net discount and debt issuance costs of $514 million and $540 million at June 30, 2020 and December 31, 2019. (b)Excludes our 364-day, $2.0 billion facility designated for exclusive use by GM Financial. (c)Includes coupon rates on debt denominated in various foreign currencies and interest free loans.
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| GM Financial [Member] |
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| Debt Instrument [Line Items] |
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| Debt carrying amount and fair value |
The following table presents debt of GM Financial: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | | | December 31, 2019 | | | | Carrying Amount | | Fair Value | | Carrying Amount | | Fair Value | | Secured debt | $ | 40,308 | | | $ | 40,673 | | | $ | 39,959 | | | $ | 40,160 | | | Unsecured debt | 51,944 | | | 52,017 | | | 48,979 | | | 50,239 | | | Total GM Financial debt | $ | 92,252 | | | $ | 92,690 | | | $ | 88,938 | | | $ | 90,399 | | | | | | | | | | | Fair value utilizing Level 2 inputs | | | $ | 91,237 | | | | | $ | 88,481 | | | Fair value utilizing Level 3 inputs | | | $ | 1,453 | | | | | $ | 1,918 | |
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