v3.21.1
GM Financial Receivables and Transactions (Tables) - GM Financial
 3 Months Ended
Mar. 31, 2021
Finance Receivables [Line Items]  
GM Financial Receivables
March 31, 2021December 31, 2020
RetailCommercial(a)TotalRetailCommercial(a)Total
GM Financial receivables, net of fees$53,397 $6,710 $60,107 $51,288 $8,682 $59,970 
Less: allowance for loan losses(1,784)(51)(1,835)(1,915)(63)(1,978)
GM Financial receivables, net$51,613 $6,659 $58,272 $49,373 $8,619 $57,992 
Fair value of GM Financial receivables utilizing Level 2 inputs$6,659 $8,619 
Fair value of GM Financial receivables utilizing Level 3 inputs$53,524 $51,645 
__________
(a)Net of dealer cash management balances of $1.5 billion and $1.4 billion at March 31, 2021 and December 31, 2020. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on its floorplan line by making principal payments to GM Financial in advance.
Allowance for Loan Losses
Three Months Ended
March 31, 2021March 31, 2020
Allowance for loan losses at beginning of period$1,978 $944 
Impact of adoption ASU 2016-13
— 801 
Provision for loan losses(26)466 
Charge-offs(253)(340)
Recoveries150 156 
Effect of foreign currency(14)(61)
Allowance for loan losses at end of period$1,835 $1,966 
Intercompany Transactions The following table shows transactions between our Automotive segments and GM Financial. These amounts are presented in GM Financial's condensed consolidated balance sheets and statements of income.
March 31, 2021December 31, 2020
Condensed Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers$313 $398 
Subvention receivable(b)$668 $642 
Commercial loan funding payable$61 $23 
Three Months Ended
March 31, 2021March 31, 2020
Condensed Consolidated Statements of Income
Interest subvention earned on finance receivables$188 $156 
Leased vehicle subvention earned$721 $805 
__________
(a)All balance sheet amounts are eliminated upon consolidation.
(b)Our Automotive segments made cash payments to GM Financial for subvention of $1.0 billion and $1.1 billion in the three months ended March 31, 2021 and 2020.
Retail Finance Receivables  
Finance Receivables [Line Items]  
Finance Receivables Credit Quality The following tables are consolidated summaries of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at March 31, 2021 and December 31, 2020:
Year of OriginationMarch 31, 2021
20212020201920182017Prior TotalPercent
Prime – FICO score 680 and greater$5,554 $17,004 $6,171 $3,841 $1,565 $478 $34,613 64.8 %
Near-prime – FICO score 620 to 6791,167 3,377 1,870 1,062 509 231 8,216 15.4 %
Sub-prime – FICO score less than 6201,227 3,516 2,611 1,517 994 703 10,568 19.8 %
Retail finance receivables, net of fees$7,948 $23,897 $10,652 $6,420 $3,068 $1,412 $53,397 100.0 %

Year of OriginationDecember 31, 2020
20202019201820172016PriorTotalPercent
Prime – FICO score 680 and greater$18,685 $7,033 $4,491 $1,917 $555 $119 $32,800 64.0 %
Near-prime – FICO score 620 to 6793,695 2,097 1,232 603 225 83 7,935 15.4 %
Sub-prime – FICO score less than 6203,803 2,920 1,740 1,173 610 307 10,553 20.6 %
Retail finance receivables, net of fees$26,183 $12,050 $7,463 $3,693 $1,390 $509 $51,288 100.0 %
Retail Finance Receivables Delinquency The following tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at March 31, 2021 and December 31, 2020, as well as summary totals for March 31, 2020:
Year of OriginationMarch 31, 2021March 31, 2020
20212020201920182017Prior TotalPercentTotalPercent
0-to-30 days$7,934 $23,640 $10,363 $6,218 $2,927 $1,285 $52,367 98.1 %$40,856 96.2 %
31-to-60 days13 179 204 148 104 93 741 1.4 %1,157 2.7 %
Greater-than-60 days1 68 75 48 34 31 257 0.5 %441 1.1 %
Finance receivables more than 30 days delinquent14 247 279 196 138 124 998 1.9 %1,598 3.8 %
In repossession— 10 10 6 3 3 32 — %20 — %
Finance receivables more than 30 days delinquent or in repossession14 257 289 202 141 127 1,030 1.9 %1,618 3.8 %
Retail finance receivables, net of fees$7,948 $23,897 $10,652 $6,420 $3,068 $1,412 $53,397 100.0 %$42,474 100.0 %

Year of OriginationDecember 31, 2020
20202019201820172016PriorTotalPercent
0-to-30 days$25,894 $11,591 $7,131 $3,454 $1,249 $421 $49,740 97.0 %
31-to-60 days210 325 235 170 102 61 1,103 2.1 %
Greater-than-60 days72 123 90 64 37 26 412 0.8 %
Finance receivables more than 30 days delinquent282 448 325 234 139 87 1,515 2.9 %
In repossession7 11 7 5 2 1 33 0.1 %
Finance receivables more than 30 days delinquent or in repossession289 459 332 239 141 88 1,548 3.0 %
Retail finance receivables, net of fees$26,183 $12,050 $7,463 $3,693 $1,390 $509 $51,288 100.0 %
Commercial Finance Receivables  
Finance Receivables [Line Items]  
Finance Receivables Credit Quality The following tables summarize the credit risk profile by dealer risk rating of commercial finance receivables at March 31, 2021 and December 31, 2020:
Year of Origination(a)March 31, 2021
Revolving20212020201920182017PriorTotalPercent
I$5,206 $106 $473 $134 $53 $91 $50 $6,113 91.1 %
II346 2 2 17 1 3 10 381 5.7 %
III149 9 4 8 28 2 15 215 3.2 %
IV1 — — — — — — 1 — %
Commercial finance receivables, net of fees$5,702 $117 $479 $159 $82 $96 $75 $6,710 100.0 %
__________
(a)Floorplan advances comprise 94% of the total revolving balance. Dealer term loans are presented by year of origination.

Year of Origination(a)December 31, 2020
Revolving20202019201820172016PriorTotalPercent
I$6,968 $510 $159 $63 $95 $43 $19 $7,857 90.5 %
II491 2 18 2 3 18 34 568 6.5 %
III203 — 8 29 2 11 — 253 2.9 %
IV— — — — — — 4 4 0.1 %
Commercial finance receivables, net of fees$7,662 $512 $185 $94 $100 $72 $57 $8,682 100.0 %
__________
(a)Floorplan advances comprise 97% of the total revolving balance. Dealer term loans are presented by year of origination.