v3.21.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2021
Automotive  
Debt Instrument [Line Items]  
Debt carrying amount and fair value The following table presents debt in our automotive operations:
March 31, 2021December 31, 2020
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$302 $321 $303 $332 
Unsecured debt16,968 20,270 16,929 20,988 
Finance lease liabilities282 299 237 256 
Total automotive debt(a)$17,552 $20,890 $17,469 $21,576 
Fair value utilizing Level 1 inputs$19,112 $19,826 
Fair value utilizing Level 2 inputs$1,778 $1,750 
Available under credit facility agreements(b)$18,210 $18,222 
Weighted-average interest rate on outstanding short-term debt(c)3.9 %3.8 %
Weighted-average interest rate on outstanding long-term debt(c)5.6 %5.6 %
__________
(a)Includes net discount and debt issuance costs of $529 million and $540 million at March 31, 2021 and December 31, 2020.
(b)Excludes our 364-day, $2.0 billion facility allocated for exclusive use by GM Financial.
(c)Includes coupon rates on debt denominated in various foreign currencies and interest free loans.
GM Financial  
Debt Instrument [Line Items]  
Debt carrying amount and fair value The following table presents debt of GM Financial:
March 31, 2021December 31, 2020
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$39,965 $40,292 $39,982 $40,380 
Unsecured debt53,730 55,621 52,443 54,568 
Total GM Financial debt$93,695 $95,913 $92,425 $94,948 
Fair value utilizing Level 2 inputs$94,210 $92,922 
Fair value utilizing Level 3 inputs$1,703 $2,026